Chance to buy shops in Colac

IT'S AUCTION time at Crown Casino again this week. Among the portfolio that Burgess Rawson is selling are the Woolworths BWS Liquor outlet and the nearby Reject Shop in Colac. The BWS is securely leased to Woolworths on an 8-plus-four by five-year lease to 2036 at a rental of $95,956 per year. It's expected to sell for about $1,350,000. The Reject Shop, located right next door to the Aldi supermarket, is larger than the BWS with rent at $132,915 per year and should sell for about $1.7 million. The Burgess Rawson auction starts at 11am on Wednesday.

Also up for auction is the Ritchies IGA in Church Street, Brighton, with rent estimated at $476,890 per year. It's tipped to sell for about $6.5 million.

Savills Australia is marketing a parcel of industrial land of more than 30,000 square metres, subdivided into four allotments, at FKP's Metrolink Business Park at Campbellfield in Melbourne's north. The private sale deadline closes on July 11 and is priced from $140 a square metre, plus GST. The properties 54, 56, 58 and 61-63 Metrolink Circuit range in size from 3921 to 16,261 square metres and are suited to logistics, warehousing and distribution tenants.

A securely leased strata-titled commercial investment in the Mentone shopping centre that would suit a small investor or self-managed superannuation will be auctioned by local agents Malcolms. The property, unit 6 at 97 Balcombe Road, is expected to sell in the $300,000 to $330,000 range at the auction on site at 11am on Thursday. It is leased to Mentone Podiatry Clinic under a three-year term that began in July 2010 .

A food outlet securely leased to the national Fasta Pasta group at 597 Dorset Road in Bayswater is for sale by Crabtrees Real Estate. Expressions of interest close on July 4. It's expected to attract offers of at least $1.5 million. The property is tenanted under a five-year lease that began on February 8, 2010, with a further five-year option.

YESTERDAYS RESULTS

BENTLEIGH

SO 79 Mortimore St BV 6rm 730sqm $910,000

Buxton

BENTLEIGH EAST

PI 33 Beddoe Av B 6rm 586sqm $930,000 res

$980,000 Hocking Stuart Bentleigh

BRIGHTON EAST

PI 21 Billson St B 7rm 597sqm $1,000,000 VB res

$1,050,000 Hodges

CAULFIELD

SO 5 Ash Gr WB 5rm 675sqm undisc Gary Peer &

Associates

PI 8/5 Anderson St B 5rm strata $500,000 VB res

$595,000 Gary Peer & Associates

CAULFIELD NORTH

SO 6/154 Balaclava Rd B 3rm strata $496,500

Woodards TBM Caulfield North

SO 5/62 Halstead St B 2rm strata $315,000

Woodards TBM Caulfield North

SO 193 Kooyong Rd B 5rm 385sqm undisc Wilson

Glen Eira Pty Ltd

PI 12/1 Whitehall Ct B 3rm strata $395,000 lo

$410,000 res $420,000 Wilson

PI 4/384 Orrong Rd B 4rm strata $530,000 VB lo

$530,000 res $599,000 Gary Peer & Associates

CAULFIELD SOUTH

SO 466 Hawthorn Rd B 5rm 279sqm $572,500

Gary Peer & Associates

SO 6 Takapuna St B 8rm 1036sqm undisc Gary Peer

& Associates

KNOXFIELD

PS Norma Cr South BV 5rm s/div $465,000

Professionals Wantirna

MIDDLE PARK

SO 259 Richardson St B 7rm 480sqm undisc Cayzer

Albert Park

ST KILDA EAST

SO 2 Carrington Gr B 5rm 580sqm undisc Gary Peer

& Associates

TOORAK

SO 3/28 Springfield Av B 6rm strata undisc

LINK

reiv.com.au/Property-Research.aspx