Queensland
SOUTH BRISBANE, QLD - $81 MILLION
The A-grade office building at 10 Browning Street, South Brisbane has sold for $81 million to Daiken Investment Australia, the Australian subsidiary of Taiwanese digital health conglomerate Daiken Biomedical, marking the group's first property acquisition in Australia.
Occupying a 4,564sqm freehold site, the property comprises 11,181sqm of office accommodation, with floor plates of up to 2,800sqm and 371 basement car spaces. The site also offers future development potential, with a 30-storey height limit and preliminary mixed-use redevelopment concepts accommodating approximately 580–700 apartments, subject to relevant approvals.
The transaction was negotiated by Tony Wang, Sam Arkell and Marshall Smith of Colliers, representing the purchaser, alongside Mike Walsh and Peter Court of MP Commercial, representing vendor Forza Capital.
Victoria
KILSYTH - $56 MILLION
The industrial distribution centre at 80–86 Canterbury Road, Kilsyth has sold for $56 million to Fife Capital, following an off-market transaction involving the property formerly occupied by Hunted Antiques.
The 4.04-hectare landholding features a 37,000 sqm distribution facility, completed approximately two years ago and leased to DUTT Transport for its headquarters. Previously operating as an antiques market and showroom precinct, the property was acquired by the vendor for $17 million in 2021, before its redevelopment into a modern industrial facility.
The transaction was completed off-market, with no selling agents identified in the report.
MELTON WEST - $49 MILLION
Coburns Central shopping centre in Melton West has been sold for $49 million to HMC Capital, reflecting a 5.50% initial yield following a competitive sales campaign managed on behalf of Assembly Funds Management and PGIM.
Located within the Woodgrove retail precinct, the Woolworths-anchored neighbourhood centre comprises approximately 6,845 sqm of gross lettable area, 349 car spaces, specialty retail tenancies and two adjoining pad sites. The fully occupied centre benefits from established supermarket trading, with specialty rents approximately 34% below benchmark levels, providing opportunities for future rental growth.
The deal was negotiated by Justin Dowers, Carl Molony and Kevin Tong of Stonebridge Property Group, alongside Tom Noonan, Stuart Taylor and Nick Willis of JLL.
BANKSMEADOW - $9.25 MILLION
The industrial investment at 13 Meadow Way, Banksmeadow has sold for $9.25 million plus GST to Pittwater Industrial, exceeding initial price expectations of approximately $9 million and reflecting a 5.405% net passing yield.
Occupying a 2,661.89 sqm landholding, the property comprises 1,949 sqm of improvements, including a 546sqm office and workshop facility and 1,403 sqm of covered hardstand and open warehousing. The asset is secured by a 10-year leaseback to the existing occupier, with two further five-year options, generating $500,000 in annual net income.
The deal was negotiated by Trent Gallagher and Billy Marsh of Colliers.
CARLTON, VIC - $2.5 MILLION
The historic Hotel Lincoln at 91 Cardigan Street, Carlton has sold for $2.5 million through a private sale, reflecting a 4.80% net yield and a building rate of $7,987 per sqm.
Spanning 313sqm, the property is home to the established Hotel Lincoln hospitality venue, positioned within walking distance of the University of Melbourne and Lygon Street. The investment benefits from its established tenant and proximity to Melbourne's major education, medical and hospitality precincts.
The deal was negotiated by Jarrod Moran and Matt Knox of CVA Property Consultants.
ALBERT PARK, VIC – PRICE UNDISCLOSED
The Woolworths-anchored retail freehold at 95–97 Dundas Place, Albert Park has sold to a local investor for the first time in 37 years, achieving a yield below 4.3% following a competitive sales campaign seeking offers above $7 million.
The two-level property occupies a 388.5 sqm Commercial 1-zoned landholding with 10.3 metres of frontage in the heart of Albert Park Village. With approximately two years remaining on Woolworths' lease, the campaign attracted 150 enquiries and six competitive bids from local, national and international buyers.
The deal was negotiated by Anthony Kirwan, George Davies and Raphael Favas of MAKER Property, alongside Peter Sprekos and Tom Burley of Lemon Baxter.
South Australia
DRY CREEK - $3.1 MILLION
The industrial property at 70–76 Magazine Road, Dry Creek has sold for $3.1 million to a South Australian private investor following a competitive campaign that attracted 201 enquiries and 10 formal offers.
Occupying a 3,634 sqm landholding, the property comprises 831 sqm of office and warehouse improvements, with site coverage below 23%, providing substantial surplus land and future development potential. The asset is leased to Wildcat Diesel, generating $97,718.40 in annual net income plus outgoings, with opportunities for future rental growth.
The deal was negotiated by Harrison Grice and Ned Walter of Knight Frank.
Queensland
TOWNSVILLE - $2.1 MILLION
The waterfront hospitality venue Rockpool Pavilion at 54 Howitt Street, North Ward has sold for $2.1 million to a private owner-occupier following a competitive Expressions of Interest campaign.
Situated along Townsville's Strand foreshore, the property occupies a 710 sqm site with a 613 sqm building overlooking Cleveland Bay and Magnetic Island. The restaurant, bar and events venue attracted **more than 90 enquiries and five formal offers, with the purchaser acquiring the asset from FGH Group.
The deal was negotiated by Glen Cummins and Mark Fitzgerald of Knight Frank.
New South Wales
TEMPE - PRICE UNDISCLOSED
The industrial development site at 2 Smith Street, Tempe has been sold by Transport for NSW to Australian property development and asset management group Dowco, achieving approximately $2,386 per sqm of land area following a public auction campaign.
Occupying a prominent corner position with 31 metres of frontage to South Street and 49 metres to Smith Street, the vacant site is zoned E4 General Industrial. Dowco plans to develop a self-storage facility, capitalising on the property's proximity to Sydney Airport, Port Botany, Princes Highway and major motorway connections.
The deal was negotiated by Trent Gallagher and Sam Thomlinson of Colliers.
