NSW Commercial Property News

A Melbourne pub on the market for the first time in half a century and waterfront businesses are attracting plenty of interest in the commercial property market.

China’s sovereign wealth fund has boosted its stake in Sydney’s landmark $1.85bn Grosvenor Place by purchasing a half interest in the tower in a move expected to spark a flurry of deal-making across major central business districts.

Other states have been urged to follow the New South Wales government’s push to axe stamp duty, a move it says will save the average property buyer tens of thousands of dollars.

A popular bowls club in Sydney’s south west is set to be converted into a residential site after coming up for sale.

A prime waterfront holding of about 4240sqm at Kurraba Point has come to market this week with a price guide of $60 million to $65 million.

Auschwitz survivor Freda Feuerstein’s block of flats overlooking Bondi Beach cost £11,000 in 1958. Now they’re set to go under the hammer with a $12 million price guide.

A western Sydney bowling club has hit the market, with the 8714sqm site offering buyers the chance to undertake a substantial housing development.

Investors are filling up on service stations as fuel and retail convenience assets remain in hot demand during the coronavirus pandemic.

COVID-safe rules have forced many hospitality businesses to get creative with unused outdoor spaces, to welcome more patrons.