‘Hotly contested’ auction sees one-bedder on a big block snapped up

first_img Coffee king’s home in bargain sale Feel safe with bullet proof doors Inside 5 Mcilwraith Avenue, Norman Park. 5 Mcilwraith Avenue, Norman Park sold at a “hotly contested” auction.Mr Lord said Basils was on an elevated 890sq m corner site and had “an array of incredible industrial, commercial, or potentially residential opportunities”.He said there was scope to convert the space into personal or multiple residential dwellings.“It could also be used as a warehouse storage space, an art-house or continue to produce coffee,” Mr Lord said.More from newsParks and wildlife the new lust-haves post coronavirus10 hours agoNoosa’s best beachfront penthouse is about to hit the market10 hours ago“Zoned Low Impact Industrial, the site currently accommodates a huge brick warehouse constructed in 1966, which has been operating long-term as a coffee roasting and food distribution business”. Noosa mansion comes with nightclub center_img MORE QLD REAL ESTATE NEWS: 5 Mcilwraith Avenue, Norman Park has sold for $1.8 million.A one-bedder on a busy intersection in East Brisbane has fetched a whopping $1.8 million at auction amid a buyer frenzy. The site, better known as ‘Basils’, was also a well known coffee roasting business.Belle Property – Bulimba selling agent Darcy Lord said 5 McIlwraith Avenue, Norman Park, was advertised as a one-bedroom, two-bathroom property and offered to the market for the first time in 53 years. 5 Mcilwraith Avenue, Norman Park.He said the “hotly contested” auction was recently held with 10 registered bidders wanting the piece of prime property.“It’s a very unique location on a large block of land with a big frontage,” Mr Lord said.He said the new owners were in discussions as to what to do with the site.“The people who bought it run a commercial fitout business,” he said.“We had about 40 to 60 people at the auction. People that were interested in the property have driven past it for many years.”last_img read more

Read More →

Norway’s natural gas deliveries to Europe above average despite LNG rise

first_imgGassco, the company running the Norwegian gas infrastructure, transported 106.99 billion cubic meters of gas through the pipeline systems from Norway to Europe and the UK in 2019. Despite a small decline from 114.2 billion cubic meters in 2018, the year ranked as one of the best ever for gas deliveries from the Norwegian continental shelf (NCS), the company said in its statement.“Even in a year with a big rise in European imports of liquefied natural gas (LNG), Norway’s gas deliveries were well above the average for the past decade,” Frode Leversund, Gassco’s CEO said.In addition, came extensive planned maintenance work on the NCS compared with 2018. High and stable Norwegian volumes ensure stable gas supplies for Europe.The availability for the delivery of gas to the transport system in 2019 was more than 99 percent.“That’s a solid result, and demonstrates good interaction from field to delivery points in Europe,” said Leversund.Deliveries of natural gas liquids (NGL) and condensate from the process plants at Kårstø, Kollsnes (via Vestprosess) and Nyhamna totaled 10.1 million tonnes in 2019.last_img read more

Read More →