Inner City Commercial Property News

Inner city commercial property news, commercial real estate market data, business news and insights.

News
Perth brothel owners open to offers
Owners of a Perth brothel are seeking “bang for their buck” after listing the freehold property for sale.
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Prahran UltraTune site to rev up Burgess Rawson auction
A high-profile Prahran auto service centre, two metro Melbourne orthodontic clinics, a Target store, multiple government-leased office complexes and a name synonymous with regional hardware will all be up in lights as part of Burgess Rawson’s latest Investment Portfolio campaign.
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Sydney’s Central Park offers retail section for $170m
Singapore’s Frasers Property Australia and Japan’s Sekisui House are looking to defy gloom in the retail property market by selling the retail component of their $2 billion mixed-use Central Park development in Sydney.
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Local buyer beats Hong Kong raider to Toorak shop
A fly-in Hong Kong investor swooping on a Toorak shop has been pipped at the post.
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Former Melbourne Knights coach boots Hawthorn East property
Former Melbourne Knights soccer club president and coach Tony Vrzina has booted a Hawthorn East warehouse and office combination for $2.7 million.
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Sirius building’s future still unclear at The Rocks
Months after the close of tenders for the $500 million redevelopment of Sydney’s controversial Sirius building, the NSW Coalition government is no closer to announcing the winning bidder to redevelop the prized apartment tower on one of Sydney’s best sites.
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Lang walks: $400m Fortitude Valley office tower dumped
Tycoon Lang Walker has dumped plans to build a $400 million office tower in Brisbane’s Fortitude Valley, offloading the site to fund manager EG for $27.72 million.
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No kidding around as Sth Melb childcare with rooftop playground fetches $10m
A South Melbourne childcare centre has broken through the eight-figure mark in the biggest sale in the suburb for the year.
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Sale imminent for Manly’s Hotel Steyne
Almost a month after the expressions of interest campaign closed, negotiations are reportedly underway to hopefully finalise a deal to sell the iconic Manly pub known as The Drain.
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