Sunday, April 11, 2021

La Trobe Street shop sells for $3.5m

La Trobe Street shop sells for $3.5m

An investor has paid $745,000 on a 5.4 per cent yield for a strata shop at 515 Hampton Street.Credit:


An older 1163 sq m office/ warehouse has sold prior to auction for $1.3 million. Located at 18 Century Drive, the property on two titles sold to an owner occupier in a deal transacted by Nichols Crowder’s David Garfield.


Surrey Hills

Despite current economic challenges, GormanKelly’s Samuel Torrance secured Peak Chiropractic as the new tenant for 405 Canterbury Road. The business took a five-year lease plus option at a starting rent of $90,000 a year. The building is undergoing a significant renovation.


An online florist has leased 21 Studley Street for $34,000 per annum on a three-year lease. The boutique 105 sq m warehouse-style studio was fully self-contained and included on-site parking for one vehicle, Gorman Commercial’s Dean Alexander said.


Aeastudio & Lash Squad will open a new parlour in shop 2 and 3 at 556 North Road on annual rent of $25,000. The 103 sq m space was leased for two years by CBRE’s Jason Orenbuch and Zelman Ainsworth.


Financial planners Money Lab will move into level 2 and 3 at 29-31 Izett Street after signing a lease negotiated by JLL’s Matt Szakiel. The firm took a six-year lease valued at more than $1.5 million over the 650 sq m in the uber cool warehouse conversion, which boasts a red swimming pool and an expansive open-air terrace.

The terrace and swimming pool at 29-31 Izett Street, Prahran.

The terrace and swimming pool at 29-31 Izett Street, Prahran.Credit:

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