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Tasty deal in Darlinghurst
Image originally from Realcommercial.com.auA property in Darlinghurst, New South Wales, with a restaurant on its ground floor and a boarding house above, has been sold at auction by agents of CB Richard Ellis.

Del deal done
Image originally from CityscopeA hotel in Southport, Queensland, has been sold by agents of CBRE Hotels to a local Gold Coast operator.

Newcastle sales wrap
Newcastle.jpgThe latest research from Cityscope regarding sales in Newcastle’s major commercial centres has seen a drop in the market when compared to the $53.3 million recorded in the three months leading up to September 2009.

Landmark hotel sold
The Francis Hotel at 383-397 Londsale Street, Melbourne, which has been in the same family ownership since 1960, had six bidders competing for it at auction.A hotel in the Melbourne CBD has changed hands for the first time in almost 50 years after attracting frenetic auction bidding.

Progress in Perth
Sales over the three months to November 2009 totalled over $289.3 million, an increase from the $174.9 million recorded in August 2009 and the $95 million recorded in May 2009.The latest research from Cityscope regarding sales in Perth's major commercial centres has found the market to be growing steadily in the pattern established in the previous two quarters.

Due Diligence for sale success
The company’s Building Consultancy department described an understanding of all the potential risks and liabilities that come with either purchasing or selling properties as critical to both owners and investors.The maxim of 'caveat emptor' or ‘let the buyer beware’ is still a guiding legal principal in all property transactions, according to Washington Brown.

Private investors chase hotel opportunities
Image originally from Realcommercial.com.auTwo Victorian pubs have changed hands in recent weeks, indicating to CB Richard Ellis that private investors are continuing to chase hotel opportunities in Melbourne.

Club to lease back sold property
Image originally from Realcommercial.com.auThe American Club has sold a floor of a building in the Sydney CBD with the intention of leasing back and refurbishing the property.

Brisbane tourist park sold
CBRE Hotels agents, Andrew Jackson and Paul Nyholt, negotiated the sale of the property at 905 Manly Road, Tingalpa.The Nestle Inn Tourist Village Caravan Park in Tingalpa, Queensland, has been sold at auction to a syndicate of private investors.

Melbourne hotel listed for auction
The Francis Hotel at 383-387 Lonsdale Street is to be offered for auction after having been in the same family ownership since 1960.A historic hotel in the Melbourne CBD is to be offered for sale for the first time in almost fifty years by CBRE Hotels.

Sale of the Southern Cross
Image originally from Realcommercial.com.auA South Melbourne hotel property has been sold after auction to an investor by agents of Rosin Smyth and Partners.

Comeback for Adelaide
Sales over the three months to October 2009 totaled over $187.8 million, significantly higher than the last quarter of $34.6 million in July 2009, though not as high as the $291.5 million in April 2009.The latest research from Cityscope regarding sales in Adelaide CBD has found the market returning to form as sales bounce back from the drop in the last quarter.

Sydney hotel sold
Contracts are understood to have been exchanged for the Four Points by Sheraton Hotel at 161 Sussex Street, Sydney.The GPT Group has sold a major Sydney hotel to an offshore investor as part of its non core asset sale program.

Summer auctions on the way
Image originally from Realcommercial.com.auThe upcoming Colliers International NSW Summer Auction Portfolio 09 is likely to be the largest auction portfolio of 2009.

Victoria Park auction a winner
Located at 1 Harper Street, Victoria Park, the property is zoned Commercial and was sold with vacant possession.A former TAB agency in Victoria Park, Western Australia, has been sold at auction by agents of Get It Sold Realty.

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