New South Wales
WEST GOSFORD – $10 MILLION
The automotive property at 14 Central Coast Highway, West Gosford has sold for $10 million to a private investor following a competitive campaign that attracted eight formal offers.
The 4,717sqm freehold site comprises a 1,933sqm dealership facility incorporating a showroom, workshop, office accommodation and extensive display areas. The property is leased to Coast Ford until December 2028 and features approximately 90 metres of frontage to the Central Coast Highway, while its E3 Productivity Support zoning provides flexibility for future uses.
The deal was negotiated by James Wilson and Peter Macadam of Colliers on behalf of the owner.
CROWS NEST – CIRCA $9 MILLION
The purpose-built childcare centre at 8 Rodborough Avenue, Crows Nest has sold for circa $9 million to Sydney-based operator Discover My World Early Learning Centre, following a competitive Expressions of Interest campaign.
The 75-place childcare centre occupies a 1,473sqm R4 High Density Residential-zoned site, providing longer-term potential for approximately 21 luxury apartments, subject to approval. Despite the majority of interest coming from developers, Discover My World plans to retain the childcare use and refurbish the facility ahead of reopening in early 2027.
The deal was negotiated by Tom Appleby and Marina Corvalan of Colliers on behalf of SDN Children’s Services.
CAMPSIE – $5.8 MILLION
The long-standing Westpac/St.George banking property at 212 Beamish Street, Campsie has sold prior to auction for $5.8 million to local Chinese investors, reflecting a 2.75% net yield.
The 620sqm freehold site comprises a 457sqm freestanding retail building with more than 14 metres of frontage to Beamish Street. The property is leased to Westpac Banking Corporation until June 2027, generating approximately $241,984 per annum plus GST in gross passing income, with the campaign attracting more than 80 enquiries.
The deal was negotiated by Andrew Bui and Harry Bui of Colliers on behalf of the Chen family, which had owned the property since 2000.
Victoria
CLAYTON – SUB-$20 MILLION
The purpose-built day hospital at 252–256 Clayton Road, Clayton has sold in a sub-$20 million transaction to a private purchaser following a highly competitive campaign that attracted multiple bids from healthcare owner-occupiers and private hospital groups.
Directly adjoining Monash Medical Centre, the property comprises more than 2,100sqm across two levels on a 2,854sqm landholding. The facility includes three operating theatres, recovery bays, consulting suites, administrative accommodation, specialised former IVF laboratory space and extensive on-site parking.
The deal was negotiated by Sandro Peluso, Marcello Caspani-Muto, Jimmy Tat and Kai Wang of CBRE Australian Healthcare & Social Infrastructure.
DONCASTER – PRICE UNDISCLOSED
The retail property at 546 Doncaster Road, Doncaster has sold to an expanding Asian supermarket operator, following a competitive campaign that attracted interest from local and offshore owner-occupiers, developers and value-add investors.
The campaign generated seven competitive offers and identified $45 million in undeployed capital, with the purchaser sourced through JLL Asia Markets. The property attracted buyers for its repositioning and adaptive reuse potential through the existing improvements.
The deal was negotiated by Romanor Falconer, Tom Noonan and MingXuan Li of JLL Retail Investments.
MULGRAVE – $2.75 MILLION
The versatile office and warehouse property at 20 Miles Street, Mulgrave has sold for $2.75 million to an owner-occupier following a campaign that attracted 58 registered prospects.
Offering buyers the flexibility to acquire the office component, warehouse component or the property in its entirety, the asset was ultimately purchased as a whole. Features include an on-site café, solar power, EV charging facilities, 24 secure car spaces, gated security and substantial power capacity.
The deal was negotiated by Tim Cooney and Jordan Carroll of CVA Property Consultants.
Queensland
SOUTH BRISBANE – $9.5 MILLION
The office building at 6 Cordelia Street, South Brisbane has sold for $9,500,854 to not-for-profit organisation Micah Projects, which plans to use the property to deliver health and social support services.
Located less than 1km from the Brisbane CBD, the property comprises a 1,159sqm office building on a 911sqm freehold site, with 20 on-site car parks. Sold with vacant possession following nearly 17 years of occupation by APNIC, the transaction reflected a building rate of approximately $8,197 per sqm.
The deal was negotiated by Nick Wedge and Jack Morrison of CBRE, in conjunction with Tim Jones of Chesters Real Estate.
South Australia
MURRAY BRIDGE – $7.5 MILLION
The Sturt Centre at 2 Sturt Reserve Road, Murray Bridge has sold for $7.5 million to a South Australian private investor following a competitive sales campaign.
The modern two-level office building comprises 2,151sqm of net lettable area across seven tenancies on a 5,254sqm corner site. Extensively refurbished in 2010, the property is predominantly occupied by government and government-funded tenants, including Landscape South Australia Murraylands and Riverland, the Women’s & Children’s Health Network and the Australian Electoral Commission.
The deal was negotiated by Harrison Grice of Knight Frank, in conjunction with John DeMichele of Raine & Horne Murraylands, on behalf of vendor Ninox Capital.
