New South Wales
KATOOMBA - $34.8 million
ISPT’s Retail Australia Property Trust (IRAPT) has divested Katoomba Village Shopping Centre in the Blue Mountains for $34.8 million.
CBRE’s James Douglas, James Sherley and JLL’s David Mahood, Seb Fahey and Sam Hatcher managed the sale process with the price reflecting an initial yield of 6.36%.
The 5,400sqm centre is anchored by a full-line, recently refurbished Coles supermarket, which underpins approximately 84% of gross income on a long-term lease until 2033, with options until 2073.
Complementing the strong-performing Coles supermarket, Katoomba Village features two kiosks and five specialty shops including Liquorland, a pharmacy, as well as food and service retailers all serviced by 352 car spaces.
Victoria
HIGHETT - $12.5 million
Charter Hall has sold an early learning centre in the Melbourne suburb of Highett to Victorian-based private investors for $12.5 million with the sale price reflecting a yield of 4.99%.
Located at 491 Highett Road, the multi-level building was previously used as an office before being converted to a childcare centre. The property is fully leased to Only About Children (OAC) on a 20+10+10 year lease returning $630,456 per year.
The sale was managed by CBRE’s Sandro Peluso, Marcello Caspani-Muto and Jimmy Tat.
MOUNT BULLER - $3.8 million
Kooroora Hotel, located on The Avenue, Mount Buller in Victoria, has been sold for $3.8 million through Burgess Rawson from CBRE’s Raoul Holderhead and Mark Foster in conjunction with John Castran of Castran Real Estate.
The vendor, Kooroora Holdings, is associated with the Grollo family, a prominent and respected Victorian property development family with a long history of delivering some of our most iconic projects.
The property comprises an 811 sqm site situated in the heart of Mount Buller’s Village Square. The hotel features a fully leased tenancy with a long-term operator, offering a licensed bar/restaurant and basement night club with secure onsite parking. It is located underneath the Kooroora Apartments building and guest accommodation facility which includes approximately 18 rooms.
CREMORNE - Combined, $2.445 million
Renewed investor momentum in Melbourne’s premium strata office market has been exemplified by two recent transactions at Wilmac’s Cremorne House.
Colliers' Ben Baines and Matt Knox secured the sale of two tenanted strata offices at a sharp 6.2% capitalisation rate, with building rates approaching $13,000/sqm.
Suite 1.03 sold for $1,230,000 to an interstate investor, while Suite 2.02 went unconditional at $1,215,000 for a 95sqm space — equating to $12,789/sqm.
Cremorne House’s prime location, just moments from East Richmond Station and Swan Street, coupled with its modern design and tightly held strata offering, has made it one of Melbourne’s most desirable business addresses. The deals reflect sustained demand for high-quality, income-producing office assets in key fringe locations.
South Australia
MODBURY HEIGHTS - $10.5 million
The Modbury Heights Shopping Centre in Adelaide’s north has sold in an off-market deal for $10.5 million.
The convenience-based neighbourhood shopping centre at 172 Ladywood Road in Modbury Heights, around 16 kilometres north of the Adelaide CBD, has 3,995sq m of GLA on a 13,800sq m site.
Originally built in the 1980s, the centre is anchored by a 3,095sq m Woolworths supermarket and includes 10 specialty tenancies, an ATM and around 226 car parks.
A local private investor purchased it in an off-market deal negotiated by Knight Frank's Ryan Mills and Max Frohlich, on behalf of a local private vendor.
SEACOMBE GARDENS - $7.75 million
A medical centre in Adelaide’s south has sold following a sales campaign that generated strong interest.
The property, the Marion Specialist Centre at 199 Sturt Road in Seacombe Gardens, consists of a 978sq m medical centre building on a 1,763 sqm site.
It was purchased by an interstate private investor from Leyton Property for $7.75 million following an Expressions of Interest campaign run by Knight Frank agents Chet Al, Max Frohlich and Ryan Mills.
The two-level Marion Specialist Centre was originally constructed around 1980, but underwent a comprehensive refurbishment in 2022, transforming it into a modern state-of-the-art healthcare facility.
The medical centre is fully leased to eight established medical and allied health tenants, including anchor tenant Radiology SA. It has a staggered lease expiry profile, with a long WALE of five years by income.
Queensland
SPRINGWOOD - $7.685 million
A Queensland-based high-net-worth private investor has acquired a recently opened childcare centre in a $7.685 million pre-market sale.
The sale of the centre, located at 43 Murrajong Rd, Springwood, was brokered by CBRE’s Harrison Coburn who was exclusively appointed to market the property with the price reflecting a strong yield of 5.53%.
The brand-new 116-place childcare centre is secured via a 15-year net lease to Una Early Learning with fixed 3% rental reviews. Una Early Learning has eight operational centres throughout SEQ and an additional centre opening early 2026.
SPRINGWOOD - $4 million
Industry association, Australian Childcare Alliance, has acquired a premium freehold office building in Springwood for $4 million, as demand intensifies for owner-occupied commercial properties in South East Queensland’s growing fringe markets.
Colliers Philip O’Dwyer facilitated the off-market sale of the 739sqm freehold property located at 6 Paxton Street in Springwood on behalf of Living Word Faith Ministries Inc.
Western Australia
SWAN VALLEY - $2.3 million
A large property situated opposite the Margaret River Chocolate Company in one of Perth’s most popular tourist destinations, the Swan Valley, has sold for $2.3 million.
The 17.6-acre property at 5080 West Swan Road in West Swan, 19 kilometres northeast of the Perth CBD, is also close to other well-known tourist landmarks including Lancaster Wines and is ripe for a tourism development or horticulture.
It has a massive frontage of 100 metres to West Swan Road, and is currently essentially unimproved, except for a large workshop storage shed located to the rear of the site, which has a Swan River aspect.
The Yahava Koffeeworks owners purchased the property following a Private Treaty campaign run by Knight Frank agents Jonathan Wong and Tony Delich on behalf of a private vendor.
