Market wrap



Leadtec Systems has leased a refurbished 1000 sq m office for $250 net per sq m in Burwood East. JLL agent Joshua Tebb brokered the seven-year lease at 3/12 Wesley Court.


Tropicana Juice Bar has signed a new 10-year lease for 1(b)/55 Swanston Street, Melbourne, via Savills Australia. The 31 sq m site will cost $7000 per sq m net. Agents Jock Thomson, Michael Di Carlo and Jeremy Marmur reported that it was the business’s second CBD outlet.


Children’s and young adults’ book store Pictures and Pages will move into 400 Sydney Road, Coburg, after brokering a deal through Fitzroys agent Adam Lester. The 67 sq m shop was leased for three years with two further five-year options for $27,000 annually.


JLL agents Ben Scalora and Robert Breda have negotiated the four-year lease of 6/87 Newlands Road, Coburg North. The 1684 sq m warehouse and showroom will cost $109,460 net per year. 247 Labour Crew, which took the lease, also has a three-year option.


Hertz Trucks has leased a 700 sq m warehouse in Coolaroo from a private investor for the next four years. The property, 438 Barry Road, will cost $60,000 net annually. JLL’s agents Ben Scalora and Robert Breda negotiated the deal.


A 745 sq m warehouse at 63 Logistics Street, Keilor Park, has been leased by Quin Global for one year. JLL agents Ben Scalora and Robert Breda brokered the deal, which is worth $60,000.



773 Burke Road, Camberwell, has been sold at auction for $2.5 million, Fitzroys’ Michael Ryan and David Bourke brokered the sale of the 135 sq m property, which changed hands for the first time since 1973. It features a shop and car park.


Colliers International’s Oliver Hay and Daniel Wolman have sold 188 Little Collins Street to a private investor for $2.4 million. The 34 sq m property sold five days before auction. It currently is leased to fashion retailer Fred Perry.


A private investor has sold a two-storey office building at 430 Huntingdale Road, Mount Waverley, for $1.3 million. Chess World Pty Ltd bought the 440 sqm property through JLL agent Peter Sprekos.

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