$40m portfolio set to go under the hammer
A $40 million portfolio will go under the hammer across Australia next month as LJ Hooker Commercial provides investors and owner-occupants the last chance to activate property plans for 2019.
All sectors will be represented in LJ Hooker Commercial’s final National Auction Portfolio of the year on December 6, with a wide spectrum of industrial, office and retail assets on offer.
Headlining the Sydney auction event, LJ Hooker Commercial South Sydney Managing Director Daniel O’Brien has listed a mixed-use development site fronting Anzac Parade at Maroubra.
With two-street frontages, the 601sqm site holds a development approval for 16 boutique apartments and three ground floor retail tenancies. It’s ideally positioned for student accommodation in the heart of Maroubra Village.
One scheduled lot, a 42sqm ground-level retail convenience store on the corner of Park and Elizabeth streets, overlooking Hyde Park, sold prior for $3 million on a five per cent yield by James Griffiths of LJ Hooker Commercial Sydney.
LJ Hooker Commercial Managing Director Mathew Tiller said the diversity of properties going under the hammer in the series of national auction events showcased opportunities for a wide range of investors and owner-occupants.
“From retail development sites around Badgerys Creek to strata office suites in Brisbane’s CBD, LJ Hooker Commercial’s last National Portfolio event for 2018 has the spectrum of commercial offerings going under the hammer,” said Mr Tiller.
“The December Portfolio Auction Events are a popular date on our calendar, allowing business owners and investors a final chance to cement their property plans for the next year.”
LJ Hooker Commercial’s National Portfolio Auction events will be held on December 6 at various locations across the country. The view the properties offered in the upcoming event, please click here
For more information, visit ljhcommercial.com.au
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