Frankston warehouse sells for $13.8m
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Carrum Downs
Carrum Downs Property Group has offloaded a warehouse at 75 Frankston Gardens Drive for $13.8 million in a deal managed by Colliers’
James Stott and
Gordon Code. The 9587 sq m building sold at a yield of 5.43 per cent. It was leased to Nov Mono on a 5.2 year WALE returning $750,244 per annum.
Carrum Downs Property Group has offloaded a warehouse at 75 Frankston Gardens Drive for $13.8 million.
Credit:
Moonee Ponds
Leased to a hairdressing salon, 10 Margaret Street has sold at auction for $1,093,000. CRS Property’s
Frankston warehouse sells for $13 8m theage.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theage.com.au Daily Mail and Mail on Sunday newspapers.
Kestelman has big $20m budget for Southbank site
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Larry Kestelman is understood to have splashed out nearly $20 million on the Budget development site on City Road, Southbank.
Records show one of Mr Kestelman’s companies, LKPG SPV3, put a caveat on the low-rise warehouse in November.
Larry Kestelman: A capital success at Capitol Grand.
Credit:Eamon Gallagher
Mr Kestelman is cashed up after selling down his South Yarra holdings to Greystar last year for a new build-to-rent project in the Forrest Hills precinct.