Retail

Sellers have earned a massive profit after turning a vacant Newtown block into a busy car wash, which sold in a multi-million dollar auction.

Investors have snapped up a Dan Murphy’s, Starbucks, Red Rooster, KFC, Hungry Jack’s and McDonald’s in auctions totalling $160 million.

Australia’s cities are taking shape in the wake of the coronavirus crisis with capital being poured into major projects including billion dollar-plus office towers and luxury apartment projects in the heart of Sydney and Melbourne.

Just eight days after a Bondi Beach block of flats with Trio Restaurant sold for $20.65m at an exciting auction, a similar property further along the beachfront has sold for even more.

A record number of industrial and warehouse listings, including a novel opportunity for people to create their own ‘city cave’, made last week’s most-viewed commercial properties.

Construction scion Daniel Grollo has blamed the NSW government for Grocon’s collapse, but has told creditors he’ll fight on to recover funds.

From caravan parks to country pubs and old world farming estates, there has been healthy demand for commercial property during the coronavirus pandemic. 

Conditions are positive for commercial property, but some sectors can expect a bumpy ride in the future. Here are eight predictions for 2021.

Industrial sites, warehouse listings and a massage parlour proved popular in last week’s commercial listings on realcommercial.com.au.