- TW Projects acquires two sites in regional Victoria.
- Award-winning apartment building in Surry Hills comes to market.
- Perth set to be home to Australia's first Hyde hotel.
Today’s eclectic mix spans multiple sectors, including an award-winning apartment building in Surry Hills, a historic store on Pyrmont Street and a commercial hotspot development site in Melbourne.
TW Projects secures two new sites in regional Victoria in off-market transaction
Housing developer TW Projects is set to deliver 250 new homes in regional
Victoria, across two newly acquired sites in Yarrawonga and Warragul.
The developer acquired a 9.77 hectare landholding at 26-28 Hogans Rd,
Yarrawonga in an off-market transaction.
The property was sold with a permit in place to deliver over 100 lots ranging from 476 sqm to 880 sqm.
The team intends to commence construction on site by March 2024 with a
view to completing the project by April 2026.
In Warragul, B&S Land’s Frank Nagle and Andrew Egan facilitated the sale of 130 Dollarburn Road for an estimated $14.5 million.
The developer will submit plans for a $55 million scheme containing approximately 150 general residential and low density lots on the 16.6 hectare site before year’s end.
Australia’s first Hyde hotel to open in Perth
Ennismore, the fastest-growing lifestyle hospitality company, Ark Capital Partners, and Kyko Group have announced the signing of Hyde Perth, slated to open in 2024.
The first Hyde hotel to open in Australia, Hyde Perth will feature bohemian chic rooms to socialise and recharge, innovative dining concepts that present a global table of flavours and a playful beach club ambience that encourages connection through programming and music discovery.
Located on Pier Street in the heart of the CBD, Hyde Perth will offer 120 guest rooms, including 18 spacious suites, two dedicated meetings and events spaces, a destination restaurant, and a lively bar that opens onto an outdoor pool area surrounded by lush, tropical landscaping.
“We are thrilled to partner with Ennismore to bring the first Hyde Hotel to Perth, a city that is renowned for its progressive culture, quality cuisine, and creative pulse, because the Hyde brand fits perfectly with this seductive Perth vibe,” said Ark Capital Partners managing director – acquisitions & asset management, Mark Bullock.
Award-winning apartment building in Surry Hills comes to market
An award-winning Co-Living apartment building at 46-48 Foveaux Street in Surry Hills has come to market.
The freehold development comprises 32 self-contained studio apartments and features modern finishes, balconies, customised furnishings and appliances.
The central location provides immediate access to the University of Technology Sydney, University of Sydney and is a 400 metre stroll to Central Station which offers bus, rail and light rail services.
“Due to changes in planning controls this style of Co-Living development cannot be built again in this tightly held inner city location,” said McFadyen.
“The guide pricing is less than the replacement cost of the asset when land and construction costs are taken into account.”
46 Foveaux Street, Surry Hills is available for sale by way of expressions of interest closing 7 November 2023.
Historic former John Taylor Wool stores on Pyrmont Street for sale
The historic former John Taylor Wool stores at 137 Pyrmont Street, which have stood on its virtual island site for 130 years, has come to market for the first time in over three decades.
With a presence on the corner of Pyrmont Street, Pyrmont Bridge Road and Gipps Street, the modern interior of the building offers views of the Sydney CBD.
The sale is being managed by JLL’s James Aroney and Mitch Noonan.
Aroney said the location is a 750 metre walk to Sydney CBD via Pyrmont Bridge, 300 metres to the Darling Harbour foreshore and less than 450 metres to The Western Distributor with excellent public transport access.
“Offering 4,780 sqm (NLA) of floorspace with 4 sides of light, modern end-of-trip facilities and secure basement car parking for 18 cars, the building mixes modern and historic with New York architectural style,” said Aroney.
He added that 50% of the floor space is leased to global advertising agency, TBWA Worldwide, providing a steady income stream for purchasers.
A 100% freehold interest in 137 Pyrmont Street, Pyrmont is for sale by expressions of interest closing on 9th November 2023.
Geelong retail core precinct property listed
The 320 sqm building is being offered with vacant possession, sitting on a 498 sqm activity centre zoned land parcel that presents an opportunity for future value-add and development, suitable for either owner-occupiers or developers.
“We are anticipating interest from a range of users, as it presents a rare opportunity for owner occupies, investors or even developers looking for a property in a high-traffic area,” said Young.
“With 10 metres of street frontage towards the bustling Malop Street, the property is an ideal space for various future commercial ventures.”
79-81 Malop Street, Geelong, is being offered for sale by on-site auction on 19 October.
Development site in Cremorne hits the market
Colliers agents, Alex Browne and Ben Baines, have been appointed together with transaction manager JACX Property to bring an expansive prime development site to
market on one of Cremorne’s premier streets.
The 1,575 sqm site currently comprises a two-storey office, adjoined by a clear span warehouse, and an older style warehouse with rear access to Victoria Avenue.
The two properties comprise 1,359 sqm of building area with a well-established tenant, providing a solid holding income of $432,600 per annum.
The combined offering has a street frontage of approximately 25 metres onto Victoria Avenue and 28 metres onto Cremorne Street, with 12 on-grade car parks on title, accessible from Cremorne Street.
With price expectations around $20 million, 121-125 Cremorne Street, Cremorne, is offered for sale by expressions of interest, closing 2 November.