苏州吴江区美甲培训

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Balmain’ s Exchange Hotel in Beattie Street, Sydney, is going on the market. Photo: Edward TehDevelopment sites are being offered across town as investors look for bricks and mortar that can be converted into higher yielding assets when compared to placing cash into the volatile sharemarket or low interest bearing bank accounts.
苏州美甲美睫培训学校

One of the latest to be offered is the Exchange Hotel at Balmain by a private syndicate. The site, where the pub has operated for many years, has the potential for many uses, including residential, subject to council approval, according to the agents, Miron Solomons and Vince Kernahan of Colliers International.

Built in 1885, the heritage- listed site at 94 Beattie Street currently comprises the Beattie Bar, bistro, balcony bar and new cafe and bar Oliver’s Corner, as well function rooms.

Mr Solomons said there with very few freehold opportunities available in an area like Balmain.

“We expect to receive strong interest from owner-occupiers, investors and value-add specialists alike,” Mr Solomon said.

“Freehold properties in Sydney’s tightly-held inner west and peninsula suburbs are in huge demand from creative businesses looking to strategically position themselves outside the CBD.”

In addition the NSW government’s compulsory acquisitions of assets in the CBD have also compounded pressure on demand and supply, which is seeing investors turn to the suburban markets.

CBRE’s Peter Vines has also been appointed to sell a property at Marrickville which comprises 46 studio and one-bedroom units at 11-13 Osgood​ Avenue. It is the new trend of residents banding together to sell a site as a whole to a developer.

“The current volatility in the market, combined with low interest rates, is expected to drive considerable interest in the sale campaign, given the outlook for residential rentals and future capital growth,” Mr Vines said.

CBRE’s Nick Heaton said the deal is close on the heels of the $10 million-plus sale of a block of apartments at 5 Pavilion Street, Queenscliff, which he completed and generated significant buyer interest and a much higher than expected auction result.

In that instance, 12 separate apartment owners banded together to offer the apartment block for sale.

A recent similar sale involved 30 Clio Street and 50-52 Glencoe St, Sutherland. The 18, two-bedroom apartments sold for $8.85m after attracting more than 150 inquiries, with 10 registered bidders at the auction.

“The ability to purchase an entire block of units, particularly of this size, is exceptionally rare with these types of assets often held in the same family for multiple generations,” Mr Heaton said.

Mr Vines said the site at Marrickville is expected to be underpinned by the potential to renovate the units to increase the rentals. Alternatively, a purchaser could renovate the units and sell them off individually.

“Investors have the ability to create significant value by transforming all of the units into one-bedroom apartments to increase the rentals,” Mr Vines said.

“This will appeal to strata dealers who renovate and sell down whole unit blocks, and we believe there might also be potential interest from government agencies, affordable housing groups and other owner-occupiers.”

Mr Vines said that the ongoing gentrification of Marrickville, underpinned by its sought-after inner city location and excellent transport links, would provide future upside for the future owner.

In a separate sale, DEXUS​ Property has paid $17.1 million for the heritage buildings at 36 Hickson Road, Sydney, next to its 30 The Bond, the current headquarters for Lendlease​, through LJ Hooker Northbridge and Khoury & Partners.

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