Property Lease

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Teska Carson is marketing a securely leased retail investment property with development upside at Camberwell in Melbourne’s inner-eastern suburbs.
The property will be auctioned on September 18 on site and is expected to fetch more than $1.1 million.
Located at <a href="https://www.realcommercial.com.au/property-retail-vic-camberwell-501657857" target="_blank">491 Burke Road</a>, the two storey brick building is positioned on the corner of Canterbury Place.
According to marketing agents, Teska Carson’s Gideon Marcus and George Takis, the building has been renovated to accommodate a retail use downstairs and offices upstairs.
The 190 square metre site, zoned Commercial 1, has five metres frontage to Burke Road and 37 metres to Canterbury Place.
Marcus said the property would be sold subject to a five year lease to the building tenant at a current rental of $55,000 per annum.
A second, signage, lease provides an additional $1000 per annum.
The building lease expires December 2019 with a five year option however the lease includes a demolition clause with two years notice.
Takis said he expected strong interest from both investors and developers.
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Burke Road, Camberwell investment has development upside‏

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Waverley Council has chosen local Waverley residents, Wes and Anna van der Gardner and family as the new tenants of Bronte House for a five year lease period.
Mayor of Waverley, Cr Sally Betts said Waverley was "so privileged to own this extraordinary 1845 property with beautiful heritage gardens...it needs a very special tenant and we’re delighted to be welcoming the van der Gardner family to this special place.”
Wes and Anna van der Gardner have two young children.
They and have experience and expertise in restoring heritage buildings, landscape design and interior design.
“We have loved Bronte House for as long as we can remember," the van der Gardner's said.
“Having previously run frequent garden open days at our family heritage property, we are very much looking forward to welcoming the community to Bronte House.”
The van der Gardner's will be partnering with council in providing open days to the public at least six times per year, the up-keep of the property and its grounds.
Council expects the van der Gardners will be taking up residence in October.
Wes van der Gardner is general manager development at the Roche Group. He had town planning background.
During the tender process <a href="/expert-insights/trophy-homes/43730-bronte-house-listed-for-lease-by-waverley-council" target="_blank">Waverley Council was represented by Alex Hart at Hart Real Estate</a>.
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Bronte House's new tenants are locals

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eCommerce agency Netstarter is offering its former office at Surry Hills for lease.
The group, which has 15 offices across Australia and New Zealand, will expand into premises available in North Sydney through parent company, Salmat.
The vacant tenancy comprises approximately 600 sqm of office space and is located at Level 4, 68-78 Wentworth Avenue, Surry Hills.
The property is being marketed by Ray White Commercial South Sydney’s John Skufris.
"The Netstarter office space provides a plug and play solution for more than 30 staff, with main offices and meeting rooms, an oversized kitchen/breakout area and timber flooring throughout," he said.
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Netstarter office now for lease in Surry Hills

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McGrath Estate Agents have opened a new office in Cairns, the second for the group in North Queensland.
McGrath chief executive John McGrath said he expects significant growth in Cairns and North Queensland over the coming years, as a result of a lower Australian dollar, heightened tourism activity and an upsurge in new development.
McGrath Cairns will be led by Principals, Matt Powe and Kirsty Kernot. Seven sales agents will join the team at McGrath Cairns.
Matt Powe said since 2012 the market has trended upwards after a sustained period of negative growth. 
"However Cairns remains an affordable city to raise a family with excellent schools and lifestyle and recreational facilities," he said.
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The new office will service Palm Cove, Gordonvale, Cairns City and Kuranda. The top five suburbs to be serviced include Edge Hill, Redlynch, Kewarra Beach, Kanimbla and Cairns City. 
 
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McGrath Estate Agents opens Cairns office

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Leasing of the 1,650sqm Lakelands Tavern, inside the Perth's suburban Lakelands Private Estate, has been handed to CBRE Hotels.
The tavern is due for completion in 2017 and is offered on a 20-year lease with expression of interest closing Thursday September 10, 2015. 
Peet’s Lakelands Private Estate already has around 1,400 households, with another 1,000 to follow. 
CBRE Hotels’ Ryan McGinnity said with limited competition nearby, the Lakelands Tavern will be ideally positioned to take advantage of the growing residential population.
“This tavern represents an outstanding opportunity to gain a strategic footprint in one of the state’s fastest growing residential localities,” he said. 
“This new centre will capitalise on the projected growth of the Lakelands area, which is earmarked to have a population of more than 45,000 by 2021."
For more information on Lakelands Private Estate, click <a href="/expert-insights/investing/45166-ytc-august-19-cbre-tavern-slated-for-perth-s-lakelands-property-development" target="_blank">here</a>.
 
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