Keen-Summit Capital Partners LLC on LinkedIn: 🏢 🚊 FOR SALE: Ground Floor Commercial Condo at 211 Schermerhorn St… (2024)

Chippendale warehouse for sale circa $4.8m - BresicWhitney Fully leased early century warehouse building at 69 Abercrombie Street, Chippendale for sale through BresicWhitney’s Shannan Whitney.BresicWhitney’s Shannan Whitney said, "This is a fantastic asset for commercial investors seeking a substantial Inner City holding. With a fully leased income of close to $250,000 per annum, it provides stable cash flow with versatile upside, being suited to both commercial and residential users."The Sydney commercial real estate market has a level of insulation against macroeconomic forces, more so than residential, and as such there has remained a very good level of investor activity over the last 12 to 18 months. We're expecting active buyers to recognise the significance of this building, both in the future opportunity it provides for a new owner, and its historical significance, as one of the more well-preserved early century buildings."Thomas McGlynn William Gosse Amy Walls The Real Estate Conversation #bresicwhitney #commercialrealestate #warehousing #realestate #realestateagency #sydneyre #sydneyrealestate #sydneyproperty #property #realestatebusiness #realestatemarket

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Interesting. Costco is getting into residential housing. https://lnkd.in/gJT95NTN

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High yield & potential future flip - Stoke on Trent.General Details: VERY LARGE 3 bed terrace property, seeminglythe second largest property size in the whole street, with about 20%+ extra space compared to the rest.Highly desirable residential area for rental and potential flip/resell in future. It is difficult to compare this property to any next to it or within the street given its size. It is expected to reach a much larger price than any other. Many properties nearby reach future valuations on the £125k+ mark. Landlord has some health issues and had a sale fallen through, he is looking to sell quickly on the market. Purchase Price:£78,000.Very strong case for stamp duty refund after completion, reducing buying costs. Property type:Very large 3bed terrace with two receptions. Freehold. 95sqr according EPC cert. Works needed:The building team has already assessed it. It needs a complete full renovation with a budget of £35-38k.The works are higher than a standard renovationcost due to its size. Among other works, these includefull DPC, electrics, full replaster, new Kitchen & WCs and redecoration. Potential Rent as BTL:£750-795pcm+ with a potential to achieve a bit more. Potentialyield:7-8% average yield.Sourcing fee apply on exchange. Contact us for more information: https://lnkd.in/d-SHR8Dc----------------------------------------------------------------------------Important Information: Treasure Tower is a registered business with The Property Ombudsman, HMRC MLR and ICO.While trying to keep clients updated and provide valuable content, it is important however that you seek independent advise about everything you do.Treasure Tower Ltd and Rico Pieroni do not offer investment advice on the merits or sustainability of products and no information contained within this newsletteror presentations should be construed as such. Should you wish to seek advice, please contact an Independent Financial Adviser.#propertyinvestments #propertyinvestors #property #business #propertymarket

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A plan to revitalize a vacant Jersey City lot between two high-rises could soon be finalized as local officials showed support for proposed zoning changes that would allow a new residential development.The 15,300 square foot property was always anticipated to be developed into a hotel, and the current redevelopment plan still calls for that use. The Jersey City Redevelopment Agency (JCRA) transferred ownership of the land in 2008 to an entity called Liberty Harbor North Redevelopment Urban Renewal, who then entered into a franchise agreement with Marriott to build a ground-up hotel in 2014.That company eventually defaulted under the redevelopment agreement, causing the JCRA to file a lawsuit in 2021 to take back control the land. The property is now owned by a new entity called Liberty Harbor North Partners LLC.The new owners are seeking to change the allowable zoning from hotel use to residential, as a letter to the planning board claims that a hotel project is not economically viable for the location. The developer’s new plan calls for 300 units at the property, which would break down as 84 studios, 128 one-bedrooms, 78 two-bedrooms, and 10 three-bedroom residences.#jerseycityrealestate #jcra #libertyharbornorth

THE HIGH STREET IN 2024I managed to get out of London this weekend to Newbury where my wife is from. I didn’t manage to take a photo in the daytime but it’s a lovely place to visit (not just saying that in case my wife reads this). However, the main hub of the town is home to several vacant units. It is not the most empty high street that I have seen but I thought it would have had more units occupied as it is seen as an affluent part of Berkshire.John Lewis and Debenhams (the main anchor tenants for the town centre) left in the not-too-distant past which certainly cut down on footfall and shows it’s not just a ‘big city problem’.The Government draft proposals of high street auctions have yet to be set in stone and I was skeptical about the plans when first reading them. However, to turn the high street around, is trying something better than doing nothing? More and more people shop online today and need to have an ‘experience’ to coax them back to the high street. How do retail and hospitality do that? Could it be a case of falling dominos - get something new and fresh in (something truly unique) and the rest of the units will follow? To go more niche, could it be: ‘If you book them, they will come’ (kudos to anyone who gets the reference). What that fresh something is …. I don’t know, maybe you do?That being said, at Greenwoods Legal LLP we are still seeing demand for high footfall locations and centres and it may be the case that some high streets will require more than one concept to tackle this issue.#highstreet #property #landlordandtenant

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There has been a shift in the mix of properties selling; apartments continue to account for a growing share of sales as pandemic memories fade, accounting for 44% of £5 million-plus transactions across London year to date, up from 40% last year and just 28% in 2021.This reflects the completion of a number of several world-class new build schemes, and buyers focused on turnkey properties, but it also marks a clear shift away from a time when larger homes with private outdoor space topped every buyer’s wish list.Best-in-class properties in London’s long-established prime locations continue to lead the market, with Chelsea, Kensington and Belgravia accounting for a third of all £5 million-plus sales so far this year. Yet new build schemes such as The Whiteley and Park Modern in Bayswater are undoubtedly redrawing the prime map of London.

Hackney bucks the trend in latest House Price Index report. The latest House Price Index from the Office for National Statistics (ONS) shows house prices in London fell by 4.8 per cent between February 2023 and 2024. However, within the London Boroughs themselves, there were some interesting trends in price changes, with some borough’s dropping as much as 20 per cent in that time and others showing an increase of over 1%. Prime Central London saw the largest drop with prices in Westminster falling by 20.5% and Kensington and Chelsea a seeing a drop of 14.1%. Hackney on the other hand, entirely bucked the trend and saw a rise of 1.3%, the strongest growth in the capital. We have certainly seen a very busy first quarter of 2024 in Hackney. On average, since January of this year, Easthaus properties have been going under offer within 3 weeks of marketing and have been achieving on average, 101% of the guide price. Hackney has come a very long way since its humble farmland beginnings, but even in its early days of growth, it showed signs of the vibrant, creative and diverse Borough that it is today. Take a step back in time with us to rediscover the history of Hackney and how its architectural landscape has changed over the years.#housepriceindex #hackney

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LAND FOR SALE: 104 Highland Road - North Bay, ONWelcome to an exceptional investment opportunity in North Bay's thriving commercial district. This land is nestled in a bustling enclave along Algonquin Avenue, boasting a coveted position at a signalized intersection, ensuring maximum visibility and accessibility. Embraced by flexible zoning and bolstered by city support, this opportunity promises a journey toward realizing your entrepreneurial dreams or developing an apartment complex (22 traditional or 40 Micro units), also potential for other residential opportunities. While some zoning work is required due to only a small portion being zoned R3, the vendor is committed to collaborating with prospective purchasers to streamline the sale process and ensure compliance with the appropriate site plan and zoning regulations. With excellent exposure and convenient access, it presents an ideal setting for a range of commercial ventures under the C4 zoning with the potential for quick-service restaurants, retail stores, medical and professional offices, or an entertainment establishment. The recent diagram demonstrates the lot size and, a recent 2022 clean Phase II Environmental Site Assessment are available for laying the groundwork for swift development. Whether you're an astute investor or a visionary entrepreneur, this property offers immense potential for lucrative returns and long-term success.Mike Burman, Broker of Record &Josee Laperle, Realtor®Realty Executives Local Group Inc. Brokerage705-477-4442connect@teamburman.com*Not intended to solicit those currently working with a Realtor® Each office independently owned & operated.

SOLD | 63-69 West Fyans Street, Newtown We're pleased to confirm the sale of three boutique Newtown freeholds, selling via a competitive EOI process. Originally offered individually or in one line, it was clear from the initial stages of the campaign that owner occupiers were willing and able to participate at a far great level than developers. Ultimately, each freehold sold to an individual owner occupier, with multiple qualified groups missing out. Key Sale Details •Combined Sale Price: Over $4,200,000 •Buyer Profiles: Three (3) local owner occupier •EOI's Lodged: Twelve (12)To discuss the result in more detail, or any forthcoming opportunities please don't hesitate in contacting:Andrew Prowse| +61 418 534 076andrew@darcyjarman.com.auTim Darcy| +61 418 522 523td@darcyjarman.com.auDarcy Jarman|Tim Darcy|Andrew Prowse|Mason Kelynack#commercialrealestate#realestate#geelong#forsale#investment#development#investaustralia#commercialinvestment#ausrealestate#victoriarealestate#geelongbusiness#australianbusiness

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For some 25 years until 2021, Sterling Bay co-founder Scott Goodman had a vacation home in Michiana, near the Indiana and Michigan border. “We would drive though Michigan City and wonder, 'Why isn’t this a suburb of Chicago the way it should be?' ” The South Shore train line added a second track that will cut the ride to Chicago from Michigan City by at least 30 minutes. Then the pandemic made remote work routine. The local power plant, perched on valuable lakefront land, is slated for decommissioning. Officials announced they are closing the local jail.Suddenly Michigan City was looking like it could become a suburb of Chicago.So when real estate entrepreneur Barry Schaudt suggested he and Goodman partner on a luxury hotel and condo complex on Michigan City's lakefront, it didn’t take Goodman, founding principal of Farpoint Development in Chicago, long to say yes.~ by Jan ParrFor Sale: Off-market Grocery-anchored Shopping CenterPrime Affluent Suburban location97% LeasedNOI $2.2MCap rate 7.3%Price $30MPrincipals only pleaseClient Need: Three well-funded developers acquiring off-market sites in Chicago & Suburbs:#1 Retail / Auto Maintenance:.3 - .5 -acre sites (possibly .25)Will also leaseBuilding size approx. 17k. sf.Primary business corridors with high traffic counts 25,000+ VPD, shopping centers out parcel carve outs, suburban downtownsNorthern Cook County - North of North AveLake & McHenry Counties#2. Multifamily Affluent Suburbs: NorthShore, Lake County, Wheaton, Hinsdale , Glen Ellyn...50-150 units 25,000sf minimum site sizeDowntowns, walking distance to the trains.Client can cover CRER's fee #3. Multifamily Affluent Suburbs:North, NW & Western Suburbs200–300-unit sites are the sweet spot. Client can cover CRER's fee #shoppingcenter#retail#offmarketproperties #offmarketdeals #chicagodevelopmentsites #multifamilydevelopment#retailland

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