Today’s veritable mix of property includes the completion of a Sydney high school, an apartment selling out, and listings up and down the east coast. It is a diverse set of listings, including childcare, apartments, and office.
Multiplex has delivered the first and major stage of Mosman High School’s major upgrade on Sydney’s Lower North Shore.
Designed by high-profile architects, Woods Bagot, the upgrade has delivered 16 additional classrooms and a new multi-purpose hall and gymnasium, as well as a new library, administration area, staff facilities, and canteen. The project has also produced a number of innovative new outdoor spaces, including a rooftop sports multi-court for students.
“Multiplex is delighted to complete the first milestone of this important project for the NSW Department of Education, in time for the year’s remaining school terms and the 2023 Higher School Certificate exams. The first part of the upgrade delivers the latest in learning facilities to local students, which will support Mosman’s growing community,” said Multiplex regional managing director for NSW, David Ghannoum.
“The project is being constructed while the school is fully operational, requiring meticulous planning, scheduling and coordination with the school executive to minimise disruptions to school operations.”
Stage Two of the Mosman High School upgrade includes the completion of the site wide landscaping which will see an increase in play space of approximately 12% through the introduction of a new central lawn, the extension of the hall forecourt and the construction of new concrete bleachers. The landscaping will maximise the tree canopy across the site including the planting of an additional 12 trees. Multiplex is expected to complete Stage Two by the end of 2023.
Levels one and two, and half of level three inside Yarra One, located in the heart of South Yarra at 16 Claremont Street, have been listed with Cushman & Wakefield’s Melbco Strata Markets team.
Levels one and two consist of two fully self-contained whole floors, offering a substantial 954 square metres of prime office space, accompanied by seven car parks and two storage units. The Malaysian Consulate has committed to a 10-year lease + options, providing a net income of $451,360 p.a. + GST and outgoings with annual CPI increases.
Half of level three is a modern, vacant sunlit office space spanning 149 sqm and is a blank canvas for ambitious business owners or savvy investors.
All available apartments in Ascot Green’s third stage, Charlton House, which is under construction and anticipated for completion in mid-2024, have sold.
Buyers in the 14-level development, which will be situated directly adjacent to Eagle Farm Racecourse and at the doorstep of Ascot’s vibrant shopping and dining village, have predominately been locals looking to upgrade and downsize, along with former Brisbane residents moving back to their hometown.
Mirvac has now opened registrations of interest for the fourth stage of apartments at Ascot Green, which it plans to launch to the market in 2024.
A Doncaster childcare centre is set to sell for circa $19 million.
Located at 1 Lauer Street, the childcare centre was built in 2022 and has a 15-year lease to national childcare operator, Imagine Early Learning, with an annual rent of $939,750 and lease options until 2048.
The lease structure is triple net with Imagine Early Learning paying all outgoings including maintenance, insurance, rates, management fees, land tax and all capital expenditures.
CBRE’s Australian Healthcare & Social Infrastructure team of Sandro Peluso, Marcello Caspani-Muto, and Jimmy Tat are managing the sale via an international expression of interest campaign closing 24 October 2023.
The deceased estate at 47 Imperial Avenue offers five apartments on a land area of 492 sqm with onsite parking, while also boasting a gross income of $169,000 per annum.
The property is set to go to auction on 24 October through the Colliers team of Matt Pontey and Miron Solomons, with price expectations of over $5.5 million.
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