Barristers pay top rent for B-grade Sydney office

Ray White’s Christian Minards, who closed the deal, said the rent was a reflection of the tight office vacancy in Sydney.

Hornsby facelift

A skincare manufacturing group has agreed to a two-year lease with options for a 595-square-metre warehouse and office at 8/12 Cecil Road, Hornsby, in Sydney’s north, with Reitberger Family Property Pty Ltd paying a gross annual rent of $151 a square metre.

The self-contained warehouse has container access, an 80-square-metre office, 7.5-metre height clearance and five car spaces.

Colliers International’s Nick Gallo said the business needed a new location because it had outgrown its space in Dural, further north.

Titanic deal

Mining and agricultural company Titan Australia has secured a five-year lease with options over a 4099-square-metre industrial building at 6 Wonderland Drive, Eastern Creek, in Sydney’s west.

LJ Hooker’s Marcel Elias negotiated the net annual rent at $491,880.

Winning in Wetherill Park

Simco Catering Equipment has rented a 1169-square-metre office and warehouse at 2/26 McIlwraith Street, Wetherill Park, in Sydney’s west from a private investor to accommodate an expansion.

The company has signed a five-year lease with options at an initial net annual rent of $113,295 for the property with car parking, an office and amenities.

Colliers International’s Daniel Moroko handled the transaction.

Also in Wetherill Park, Agressor Corporation has also taken out a three-year lease with options over a 818-square-metre warehouse and office property on a 1389-square-metre site at 10 Vicars Place for expansion, after securing a large contract with Australia Post.

A private landlord agreed on a net annual rent of $115 a square metre through LJ Hooker’s Aymen Sobbi and Marcel Elias.

Fitzroy Fries

American Diner Chiquito & Co will open at a 248-square-metre double-storey shop with a 50-square-metre outdoor area at 275 Brunswick Street, Fitzroy, in Melbourne, after inking a six-year lease at a net annual rent of $165,000.

CBRE’s Zelman Ainsworth, Samantha Hunt and Tan Thach closed the deal.

Soper slips into Laverton North

Soper Industries has agreed terms on a five-year lease with options for a 12,640-square-metre warehouse in Laverton North, Melbourne, to accommodate its growing manufacturing, import, storage and freight businesses.

CBRE’s Todd Grima, Harry Kalaitzis and Tom Hayes brokered the lease at 74-80 Fitzgerald Road on a net annual rent of $560,684.70.

The facility comprises four warehouses with full truck drive-around access.

Matraville move

Husniye Yavuz and the estate of the late Salim Yavuz has signed on a new tenant, Bowerbird Interior Styling Group, for its 945-square-metre, high-clearance, clear-span warehouse with office at 42 McCauley Street, Matraville, in Sydney’s south.

Bowerbird Interior Styling will pay a gross annual rent of $172 a square metre plus outgoings for three years.

Colliers International’s Edward Princi acted on the deal.

HCL hops across

Listed IT services business HCL Australia has relocated to a newly leased 520-square-metre office at Vantage Property Investment’s eight-storey office building at 11 Queens Road, in St Kilda, Melbourne.

Previously at 484 St Kilda Road, HCL has agreed on a gross annual rent of between $400 and $500 a square metre on a three-year term.

Colliers International’s Vincent Tran and Matt Cosgrave negotiated the deal for Vantage.

Sporty South Melbourne

Commonwealth Games Australia has signed a five-year lease for a 300-square-metre office at 180 Albert Road, South Melbourne, to be closer to the Melbourne Sports and Aquatic Centre, relocating from Carlton.

Colliers International’s Vincent Tran and Lucy Martin negotiated a gross annual rent of between $430 and $480 a square metre.

Healthy Burleigh

Acai bar Kiss the Berry has opened its third outlet in Burleigh, Queensland, after signing a five-year lease for 9 Connor Street, comprising a two-storey building with 78 square metres on each floor.

CBRE’s Trisha Wamelink and Rudi Scutti negotiated a gross annual rent of $119,000.

Fulcrum pivots

Fulcrum 3D has leased a 255-square-metre warehouse at Unit 4, 76 Reserve Road, Artarmon, in Sydney’s lower north, for their solar business paying a gross annual rent of $300 a square metre under a three-year lease.

The hi-tech warehouse offers an office on a mezzanine level with a private balcony and an L-shape warehouse with a glass bi-fold door and five-metre clearance.