Regional Commercial Property News

The international cryptocurrency consortium underbidder on Great Keppel Island is now attempting to buy Dunk Island with several other islands also igniting its interest including Brampton Island off the Queensland sugar town of Mackay.

The Geelong home of the boat builder that’s turned out craft which have secured 75% of Aussie rowing’s Olympic medals since 1992 has found new owners in a quick sale.

The internationally backed hotelier Crystalbrook Collection has made its first foray into Sydney, buying the 35-room Little Albion Guest House in Surry Hills for an aggressive price of about $30 million.

An interstate property mogul remains interested in buying Tasmania’s Anglican churches as the countdown to the sale approaches.

The Singapore and Taiwanese family of high-net-worth individuals buying Queensland’s Great Keppel Island will pay about $70 million to purchase the second half of the island’s staged development, known as the Clam Bay lease, from Sydney developer Terry Agnew.

Sorrento’s iconic Continental Hotel will be given an $80 million transformation under a grand plan to turn the hotel into a luxury accommodation, wellness, recreation, entertainment and dining destination.

The market for petrol station investments continues to pump along, with another four properties to be auctioned off at commercial agency Burgess Rawson’s next investment portfolio auction. The four service stations – three in Victoria …

Medical-based commercial properties are coming sharply into focus in the back half of 2018, with a number of properties transacting or being released onto the market.

Belmont Village has sold for $58 million to a private Sydney-based high net worth investor.