Victoria
MELBOURNE - $60.35 million
A prime CBD office freehold at 470 Collins Street, Melbourne has sold for $60,350,000 following a highly competitive EOI campaign.
The asset attracted 255 registered buyers, 65 inspections and 15 offers, with the deal secured unconditionally just 7 days post-EOI close, highlighting strong demand for core Melbourne office assets.
The sale was managed by Cushman & Wakefield's Leon Ma.
ARMADALE - $3.875 million
A multi-level medical building at High Street, Armadale has sold for $3,875,000 via private sale.
The 275sqm property on a 409sqm landholding is purpose-built for healthcare use, featuring 10 fully fitted consulting rooms, strong exposure and on-site parking, attracting both owner-occupiers and investors.
The deal was negotiated by Tim Cooney and Jordan Carroll of CVA Property Consultants.
PASCOE VALE - $3.4 million
The Cumberland Collective at 36 & 40–42 Cumberland Road, Pascoe Vale has sold for a combined $3.4 million to Melbourne Racing Club.
The prominent corner holding, including the former Pascoe Vale RSL, attracted strong interest from value-add investors and owner-occupiers given its dual-site scale, flexible zoning and growth location.
The deal was negotiated by Lucas Soccio and Travis Keenan of Colliers.
South Australia
EDINBURGH - $14.85 million
A significant industrial development site at 34–50 Essington Drive, Edinburgh has transacted for circa $14.85 million in an off-market deal.
The 4.368ha landholding, located near RAAF Base Edinburgh, was acquired by RealSide and will seed its Ovest Industrial Fund No. 3, highlighting continued demand for large-scale industrial land opportunities.
The transaction was negotiated by Anthony De Palma and Henry Treloar of Leedwell.
Queensland
BURDELL - $9.95 million
A trophy fast food and convenience centre in Townsville has sold for $9,950,000, reflecting a 5.50% net yield following a competitive auction campaign.
Located in Burdell’s retail precinct, the 4,193sqm corner site is anchored by 7-Eleven and Hungry Jack’s, with long 12-year net leases to 2034 and fixed annual increases.
The deal was negotiated by CBRE, including Tom Lawrence.
WARWICK - $7.45 million
The Harvey Norman Centre at 64 Victoria Street, Warwick has sold for $7.45 million, highlighting continued demand for large format retail assets in regional Queensland.
The 3,809sqm centre sits on a 7,502sqm site and is anchored by Harvey Norman on a long-term lease to 2034, providing secure income.
The deal was negotiated by Chris Stewart of LJ Hooker Commercial Toowoomba and Harry Dever of Colliers.
NORTH LAKES - $7.05 million
A fully leased retail centre at 1646 Anzac Avenue, North Lakes has sold off-market for $7.05 million, reflecting a sharp 5.59% yield amid strong investor demand.
The 584sqm centre sits on a 3,349sqm landholding and includes eight food and beverage tenancies, anchored by brands such as Nando’s and Baskin-Robbins, generating $394,253 p.a. net income.
The deal was negotiated by Pablo Routledge and Lachlan O’Keeffe of RWC Retail.
New South Wales
SURRY HILLS - $6.25 million
A KFC-anchored retail investment at 30–34 Chalmers Street, Surry Hills has sold for $6,250,000, reflecting a 5.98% net yield.
The 329sqm stratum asset, located adjacent to Central Station Metro, attracted strong buyer interest due to its defensive income profile and prime city-fringe positioning.
The deal was negotiated by James Masselos and Demi Carigliano of Knight Frank.
