Australian Capital Territory
BARTON - $86 million
A long WALE office asset at 9 Brisbane Avenue, Barton has sold off-market for $86 million, reflecting a 5.73% yield.
The 14,700sqm landholding, home to the Australian Federal Police, is secured by a long-term lease to 2036 and marks the first long WALE transaction in the Parliamentary precinct since 2022.
The deal was negotiated by Matthew Winter of Colliers.
Victoria
PRAHRAN - $12 million
A prime inner-city development site at 476–478 High Street, Prahran has sold off-market for $12 million, highlighting strong demand for large-scale infill opportunities.
The 1,206sqm corner site, featuring triple street frontage, was acquired by Little Projects and represents one of the last significant development parcels in the tightly held Stonnington precinct.
The deal was negotiated by Darren Beehag, Justin Kramersh and David Napoleone of CBRE, with Ben Baines and Alex Browne of Colliers acting for the purchaser.
TOORAK - $4.55 million
A blue-chip retail asset at 456–460 Toorak Road, Toorak Village has sold under the hammer for $4.55 million, setting a record 1.5% net yield for the precinct.
Held by the same family for 50 years, the property drew strong interest from investors seeking exposure to one of Melbourne’s most tightly held retail strips.
The deal was negotiated by Mark Talbot and Lewis Waddell of Fitzroys.
DANDENONG SOUTH - $5.8 million
An industrial facility at 24–28 Williams Road, Dandenong South has sold for $5.8 million, reflecting strong demand for low site coverage assets in Melbourne’s south-east.
The 4,663sqm site, improved by a 1,930sqm office and warehouse, offers significant future upside with surplus land and hardstand.
The deal was negotiated by Sam Hibbins and Luke Lowden of Colliers.
Queensland
VARSITY LAKES - $37 million
A Coles-anchored neighbourhood shopping centre at 1 Bellvue Drive, Varsity Lakes has sold off-market for more than $37 million, reflecting a sharp 4.75% yield.
The 3,592sqm centre, anchored by a full-line Coles on a new 10-year lease, highlights continued investor demand for defensive supermarket assets.
The deal was negotiated by Joe Tynan and Michael Hedger of CBRE.
BUNDABERG - $3.0 million
The Mitre 10 at 1 Electra Street, Bundaberg Central has sold for $3,000,000, reflecting a 7.98% yield.
The 2,370sqm freestanding hardware store, positioned on a 4,510sqm triple-frontage site, generated 255 enquiries and six offers, with a Victorian private investor securing the asset.
The deal was negotiated by Oscar Little and Michael Feltoe of RWC Retail.
MAREEBA - $4.6 million
The Post Office Centre in Mareeba has sold for $4,600,000, reflecting a 7.76% yield.
The 1,830sqm neighbourhood centre, anchored by Australia Post and comprising 13 tenancies, attracted 271 enquiries and five bidders, highlighting strong regional investor demand.
The deal was negotiated by Oscar Little and Michael Feltoe of RWC Retail.
South Australia
EDINBURGH - $18.1 million
A core-plus industrial asset at 65–69 West Avenue & 12 Kaurna Avenue, Edinburgh has sold for $18.1 million, highlighting strong national demand for Adelaide industrial investments.
The 43,670sqm dual-parcel site, improved by a 12,325sqm office/warehouse, is securely leased to K&B Frame and Truss (Metcash subsidiary) and offers significant upside through low site coverage and future expansion potential.
The deal was negotiated by Max Frohlich and Ryan Mills of Knight Frank.
