Troubled Truck Giant’s Melbourne Headquarters For Lease

THE Sunshine West headquarters of troubled trucking company 1st Fleet, which shut its doors last month, has quietly been listed for lease by its ASX-listed owner, Valad Property Group.

The purpose built transport and warehouse facility in Strezlecki Avenue, abutting Kororoit Creek which is also the Brooklyn suburb border, measures about 7100 square metres. On a 2.4 hectare block (pictured, right), the facility also includes expansive concrete hardstand for truck access and parking.

1st Fleet, which owns about 1000 trucks and employs about 1000 people nationally went into administration eight weeks ago.

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Australian Unity Sells Prahran Medical Centre For $18.7 Million

AFTER retaining it for five years, the Australian Unity Investments’ Healthcare Property Trust has sold an inner-city medical complex in a prime residential area to a syndicate of private investors.

The Victoria House Medical Centre and Victoria Clinic complexes at 314 – 324 Malvern Road in Prahran (pictured, right) sold for $18.7 million, reflecting a yield of 8.3 per cent based on the asset’s annual rental income of $1.55 million.

Australian Unity paid $17.53 million for the Residential 1 zoned asset in 2006, on a yield of 7.8 per cent.

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Australian Unity to Sell $19 Million Prahran Properties

AUSTRALIAN Unity is offloading one of its most prized located medical centres in Prahran, just 200 metres from retail mecca Chapel Street.

The Victoria House Medical Centre and Victoria Clinic complexes, between 314 – 324 Malvern Road, are spread across 5939 square metres of land, most of which is zoned Residential 1.

The asset will be sold with leases in place to six tenants. Leading private healthcare group Healthscope is committed to the site until 2018.

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Australian Unity Sells Former Austereo Office, St Kilda For About $10 Million

AUSTRALIAN Unity has sold another Melbourne asset, this time in the bayside suburb of St Kilda.

The prominent black office at 180 St Kilda Road was occupied for years by Austereo as the studio headquarters of radio stations Fox FM and Triple M.

Austereo recently relocated to a new state-of-the-art facility in South Melbourne, but sublet its offices at 180 St Kilda Road, where it is committed until June 2014.

Based on the building’s current annual rent of $854,000, and sale price of $10 million, the asset sold on a yield of 8.5 per cent. The office measures 2956 square metres and includes a 61-bay basement car park and residential redevelopment potential.

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