Colliers International to hold Australias first national auction portfolio

March 07, 2011 | Commercial

On Wednesday, 23rd March, 2011, Colliers International will take nine properties to auction in-rooms at their Queen Street office, Brisbane and one on-site, as part of the company’s first national auction for Australia, the Colliers International National Auction Portfolio, Autumn 2011.

During the week commencing 21st March, 18 properties across Queensland and 41 properties in total around the country, worth a combined value of just over $100 million, will be placed under the hammer state-by-state.

The launch of the inaugural Colliers International National Auction Portfolio (Autumn) follows the success of the business’ state-based seasonal portfolios last year, which saw more than $300 million in property change hands with a clearance rate of up to 70 per cent.

“We recognise that astute investors look beyond their state lines for prime acquisition opportunities, so our offices around the country have joined forces to provide both potential purchasers and vendors the chance to consider and showcase their holdings,” said Simon Beirne, Colliers International Queensland Chief Executive Officer.

“Listing properties in the portfolio has also delivered economies of scale to our vendors in marketing the portfolio.”

The 41 holdings will be featured in a nation-wide publication, which will be distributed to more than 10,000 investors, as well as an extensive marketing campaign.

Mr Higgins, Colliers International Executive Metro Markets and Auctions, said the timing of the portfolio launch had also been key, not only kicking off the year but capitalising on national market conditions with sustained interest rates, falling vacancy rates in both the commercial and industrial sectors and rising investor sentiment.

“The sub $10 million investment market appears to be continuing on from the strong finish in the fourth quarter of 2010,” he said.

“Investors are still seeking quality investments with long term leases and strong covenants.

“We have also seen a resurgence in the owner occupier market - now is the time to re-enter the market.”

Properties to be auctioned as part of the Colliers International National Auction Portfolio, Autumn 2011 include:

27 Brisbane Street, Ipswich

  • 1,221sq m site area

  • Currently leased to November 2012

  • Close to Coles Supermarket, Pizza Hut and Hogs Breath Cafe

Lot 2, 45 Lahrs Road, Ormeau

  • 9,256sq m Industry 1 site

  • High profile location

  • Direct access to the M1 Motorway

10 Grandview Drive, Mt Pleasant, Mackay QLD

  • Secure leading National fast food retailer – Red Rooster

  • Lease term 10 years +5 +5

  • Surrounded by multinational tenants including Woolworths, Pizza Hut, Bunnings, Birch Carroll & Coyle, Night Owl

Warrego Highway, Dalby QLD

  • DA approval for 139 lots plus balance land area

  • Surat Basin address and $60 billion to be spent; be part of the boom

  • Mixed use land close to the newer residential properties in Dalby and away from Myall Creek

Lot 2, 493 Ipswich Road, Annerley QLD

  • National Head Office for Eagle Boys Pizza

  • 8-year lease plus 5-year option

  • Tenancy area: 694sq m

Homeworld Ballina – Homemaker site with DA

  • Site is approved for single or multi-stage development

  • Quality tenants wanting to commit for in excess of 70 per cent of the centre

  • Located within catchment area with population of about 167,000 with minimal competition

647-649 Kingston Road, Loganlea  

 

  • About 3,891sq m with DA in place
  • Extensive potential uses including food retailers, bottle shop, TAB, service station, retail and medical

44 South Station Road, Booval

  • Approx 990sq m plus 300sq m awning on 2,964sq m of land

  • Just 100 metres from Booval Fair Shopping Centre

27 Nariel Street, Albion

  • Total Area: 4,609sq m and directly adjacent to Albion Park Raceway

  • Two properties - 27 Nariel Street: 2,549sq m; 20-26 Hutcheson Street: 2,060sq m

  • Can be sold individually or in one line

  • Potential for a range of income streams

419 Upper Edward Street, Spring Hill (Auction on-site Thursday, 24th March, 2011)

  • Prime corner position spanning 336sq m land area

  • Three Level office and retail building with opportunity to refurbish, re-lease or owner occupy

  • Short walking distance to Brisbane CBD, all forms of
    public transport, banks, restaurants and cafes

For further information please contact:

Susan Epp
PR & Communications Manager | Queensland

Tel: +61 7 3026 3322

Mob: +61 434 573 026

Email: Susan.Epp@colliers.com  

 

 

 

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