New South Wales
ROUSE HILL - circa $40 million
A major development site at 99–101 Schofields Road, Rouse Hill has sold for circa $40 million, with NEX Property acquiring the DA-approved project amid shifting market preferences.
The 33,600sqm site carried approval for a six-building apartment development comprising 520 apartments, however the purchaser is expected to explore alternative housing outcomes focused on lower-density product and improved deliverability.
The deal was negotiated by Alex Mirzaian of CBRE.
NEWTOWN - $10.425 million
UKO Newtown Village at 10-12 Egan Street, Newtown has sold for $10.425 million following strong buyer competition during an Expressions of Interest campaign.
The landmark co-living asset, comprising 19 self-contained studios fully leased to UKO, was acquired by an offshore investor and reflected a circa 4.15% net yield.
The deal was negotiated by James Masselos and Adam Droubi of Knight Frank.
RUTHERFORD - $8.5 million
The Hunter Gateway Motel in Rutherford has sold for $8.5 million, with the freehold acquired by the Trinity Accommodation Regional Hospitality Fund (TARHF).
The high-performing accommodation asset comprises 63 rooms, conference facilities and future expansion potential, reflecting continued investor demand for quality regional hospitality investments.
The deal was negotiated by Trudy Crooks of ResortBrokers.
Victoria
KILSYTH SOUTH - $13.5 million
A major industrial landholding at 259–261 Colchester Road, Kilsyth South has sold for $13.5 million to an expanding owner-occupier.
The 2.78-hectare Industrial 1 zoned site, featuring a refurbished office and warehouse facility alongside more than 2 hectares of developable land, was acquired with vacant possession, highlighting ongoing demand for large-scale industrial sites with future expansion potential.
The deal was negotiated by Richard Wilkinson and Jonathan Mercuri of Colliers.
GRANTVILLE - $7.5 million
Frenchview Lifestyle Village in Grantville has sold off-market for $7.5 million to ASX-listed Eureka Group Holdings, reflecting an initial yield of 7.9%.
The lifestyle village, comprising 103 home sites on a 1.48-hectare coastal landholding, was acquired following a discreet campaign, highlighting continued institutional demand for income-secure residential communities supported by strong demographic trends.
The deal was negotiated by Andrew Jackson and Scott Callow of HTL Property.
DANDENONG SOUTH - price undisclosed
A landmark industrial transaction at 9 Colemans Road, Dandenong South has been completed, with a confidential local concrete sector group acquiring both the property and operating business of Frankston Concrete Products.
The 40,196sqm infill landholding, featuring low site coverage and significant hardstand, attracted strong owner-occupier interest due to its immediate operational capability and long-term expansion potential in one of Melbourne’s most tightly held industrial markets.
The deal was negotiated by James Stott and Gordon Code of Colliers, together with David Johnson of Cameron.
Western Australia
EAST PERTH - $10 million
An inner-city office asset at 149 Wellington Street, East Perth has sold for $10 million, reflecting a 9.25% passing yield.
The five-level building, also known as 30 Moore Street, comprises 4,223sqm of office accommodation and is leased to Affinity Pharmacy, with upper floors offering city skyline views. The property also includes 14 car parks.
The deal was negotiated by Tony Delich and Zach Schreier of Knight Frank.
Queensland
CURRUMBIN WATERS - $4.925 million
A fully leased healthcare investment at 1/174 Galleon Way, Currumbin Waters has sold for $4.925 million, reflecting a 5.87% yield.
The Galleon Way Medical Centre, comprising 578sqm of medical accommodation with 25 on-site car parks, attracted more than 80 enquiries during a competitive Expressions of Interest campaign. The asset is anchored by Galleon Way Medical, which recently renewed its lease for a further 10 years.
The deal was negotiated by Hayden Ryan, Jacob Heinke and Clem Stack of Knight Frank.
