Wednesday, 16 March 2011

Smeaton Grange. Multi-purpose property sold

A property in Smeaton Grange’s industrial zone, previously owned by Alive Church Incorporated and used as a multi-purpose sports/recreational centre, has been sold at auction for $2.52 million to an undisclosed buyer. The property fell into the hands of receivers PPB in November 2010. The property consists of a 3000-plus square-metre warehouse on 12,490 square metres of land and is flanked by industrial heavyweights Onesteel, Bridgestone and Coles Myer. Knight Frank helped broker the deal.


St Marys. Property sold for $2.1 million

Knight Frank sold a commercial building in St Marys to family trust, Nodbun Pty Ltd, at an auction for $2.1 million. Located at 109-111 Queen Street, the three-level mixed-use building has been leased to Westpac Bank and Smythe Wozniak Solicitors since construction in 1989. Steg Holding Pty Ltd, an investment company, was the vendor.

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