Tag: 上海夜网BI

Brisbane auction results

first_img14/41 Racecourse Rd, HamiltonBRISBANE’S auction volume is slowly starting to bounce back following the traditional Christmas lull.Last week’s preliminary clearance rate was 69.6 per cent, according to researcher CoreLogic.From the 30 auctions scheduled, 23 results have been recorded with 16 cleared and seven of those uncleared.Brisbane’s clearance rate for the same time last year was 52.7 per cent from a total 60 auctions. A historic Hamilton penthouse was one of the more interesting properties to sell under the hammer on Saturday.More from newsMould, age, not enough to stop 17 bidders fighting for this home3 hours agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor9 hours ago14/41 Racecourse Rd, HamiltonThe three-bedroom, two-bathroom home at 14/41 Racecourse Rd is the top level of Bogarella Villa, an early 1900s character house.After bidding opened at $780,000, the property sold for $885,000 to a local couple looking to downsize to one level from their three-level home.“They’ve always admired the house and were very aware of it,” Ray White New Farm’s Brandon Wortley said.Three registered bidders were keen on the apartment which is the largest of the Warraby Apartments complex.“It was jam-packed with locals,” Mr Wortley said.“A lot of people saw it redeveloped 18 years ago.”last_img read more

SOLD Qantas global HQ

first_imgSource = e-Travel Blackboard: G.A A real estate investment trust has bought the iconic Qantas global headquarters at Mascot for AUD170 million, Sydney’s largest suburban commercial sale in 2010.The vendor, a joint venture managed by Trafalgar Managed Investments Limited, sold the property to the Brisbane-based Cromwell Corporation under conditions that AUD25.6 million will go towards a new fit out, including an energy efficiency upgrade.In exchange, Cromwell are guaranteed a ten year Qantas office leaseback.“We have worked closely with Qantas management for sometime to structure a transaction that was a value add for all parties,” Trafalgar chief executive Braith Williams said. Cromwell Corporation chief executive Paul Weightman agreed, “Qantas HQ is an asset which will…enhance Cromwell’s existing portfolio quality.” “The property presents an opportunity for Cromwell to work cooperatively with the tenant to deliver a facility which will meet their requirements well into the next decade, and potentially to further expand the lease term beyond ten years,” Mr Weightman added.The Mascot site, encompassing 2.7 hectares and four separate buildings, was sold for an initial yield of 8.3 per cent. Managers of the sale advised that both overseas and local interest in the property was high.“Cromwell will benefit from excellent lease income rental growth which will be at a minimum of four per cent per annum,” CB Richard Ellis agent Scott Gray-Spencer said.The purchase comes less than a week after Cromwell dropped out of the bidding for Melbourne’s troubled Orchard Funds Management business, reported the Australian. <a href=”http://www.etbtravelnews.global/click/29625/” target=”_blank”><img src=”http://adsvr.travelads.biz/www/delivery/avw.php?zoneid=10&amp;cb=INSERT_RANDOM_NUMBER_HERE&amp;n=a5c63036″ border=”0″ alt=””></a>last_img read more