Market Insights

06.05.2019

Brand New 7/11 in Werribee SOLD for $5,930,000 as Petrol Stations are Still Pumping with 186 Projects Scheduled for Completion in 2019

Despite continued headwinds about electric vehicles making their way into the mainstream private car market, recent research by CBRE shows a strong supply pipeline over the next 2 years for Petrol station investment properties.  Whilst the largest amount of projects are underway in Queensland (58) both Victoria (43) and NSW (38) also have strong shares…

11.04.2019

Non-Discretionary Supermarkets Still in Demand from Domestic and International Investors

CBRE Victorian Freestanding Retail Investments have just transacted through auction the Supa IGA Supermarket in Ringwood East. Owned and run by the Corcoris family, the IGA supermarket was offered with a leaseback with a 10 year lease. The supermarket sold under the hammer for $7,340,000 on a yield of 5.4%, with multiple bidders bidding at…

09.04.2019

$30,000,000 in premium property investments sold in first PPPA of 2019

The first CBRE Premium Property Portfolio Auction (PPPA) of 2019 has netted $30,000,000 and highlighted strong demand for quality investment assets. Five of the eight properties were sold, with multiple bidders for each asset and several of the properties sold ahead of auction. The remaining three assets are under offer, with deals expected to close…

19.02.2019

Generational Freehold supermarket Investment for sale in Ringwood East

The Freehold of A family-owned IGA supermarket in Ringwood East is up for auction after 42 years of ownership. Positioned on the corner of Railway Avenue and Wenwood Street, opposite the Ringwood East train station, the 2,000sqm freestanding supermarket is the anchor of the Ringwood East commercial and retail precinct, featuring a council car park…

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