Commercial leasing: Watch this space

By Larry Schlesinger
Tuesday, 29 May 2012

An estimate of how much well-known Melbourne restaurateur and chef Marco Santucci will pay per square metre per year to lease a 400-square-metre restaurant space on the ground floor of a New York-style warehouse building at 31 Flinders Lane between Spring and Exhibition streets opposite Collins Place in the Melbourne CBD.  The deal was brokered by Savills Australia retail director Michael Di Carlo alongside colleague Jeremy Marmur.

 


 

Roughly how much a Melbourne electrical contractor will pay per square metre per annum net to rent a 700-square-metre office and warehouse building at 13 Ceylon Street industrial facility at Nunawading in Melbourne’s eastern suburbs. The deal was negotiated by Savills Australia Adrian Smith. The property is located near the intersection of Whitehorse and Springvale roads, providing links with Melbourne’s freeway system via the Eastern Freeway.  The lessor was a local private investor.


The gross rent per square per annum being sought for a 187-square-metre office space on level 40 within in the 64-level Governor Phillip Tower in the Sydney CBD. The sublease is available until August 2014, with space being offered by Jeremy Piggin of Ray White Commercial Office Leasing. Governor Phillip Tower is located just two blocks from Circular Quay, encompassing an entire CBD block bounded by Bridge, Phillip, Bent and Young streets.

 


The gross rent per square metre per annum that mining risk insurance consultants Hawcroft will pay to lease a 110-square-metre office at 275 Alfred Street in North Sydney from Fivex Commercial Property. The lease term is three years, with the deal negotiated by Laura Hilder from Aspace Estate Agents.

 


 

The gross rent per square metre per annum that travel group the Grand Circle Corporation will pay to lease a 150-square-metre office at 80 William Street in Darlinghurst in Sydney from Terrace Tower Group. The office has been leased for four years plus a four-year renewal option. The deal was negotiated by Michael Vranic from City Commercial Property.

 

 

 



      Did you like this article? 

      Sign up to the Property Observer Newsletter to receive a daily news wrap-up straight to your inbox AND a free eBook!

      Please enter a valid email address. For example fred@domain.com .


      Commercial property is a serious business.

      Commercial property isn’t about dreams of the backyard or kids around the dinner table. It’s about hard commercial realities. But one thing is the same. You’ve still got to find it. Which is why one property website is specifically designed to help you find exactly what you’re looking for.

      Visit commercialview.com.au today to start your search.

        Thinking Property? Think Savills.

        Savills Australia is widely acknowledged as one of Australia’s fastest growing property advisers. Expert at providing best in class advice and getting results, we advise on all matters of office, retail and industrial property.  Backed by our highly respected research team, we are dedicated to the analysis of commercial, industrial & retail markets across the country with a focus on economic outlooks for short and long-term property investment.

        Take the lead, access our free Market Reports

          Previous
          Next
          Look beyond population growth to supply side criteria: Terry Ryder Terry Ryder
          No matter how high the population growth rate, it won’t create capital growth if developers generate an over-supply.
          SEARCH SITE

          Commercial Property Search

          Commercial View
          I'm searching for ...

          Suburb Data

          Free suburb snapshots for investors

          Powered by

          Property data for Western Australia Property data for Tasmania Property data for Queensland Property data for Northern Territory Property data for South Australia Property data for Victoria Property data for New South Wales Property data for Canberra

          Click on your state for local insight

          Follow us Property Observer on Twitter Property Observer on Facebook Property Observer on LinkedIn Subscribe to Property Observer RSS feeds

          Developer Spotlight

          Property Observer

          Atria Apartments in Hawthorn offers buyers an opportunity to invest in one of Melbourne’s finest suburbs.

          RP Data-Rismark May 21 daily index
           

          Private Media Publications

          Crikey

          loading...

          Smart Company

          loading...

          StartupSmart

          loading...

          Leading Company

          loading...

          Womens Agenda

          loading...