New South Wales
BLACKTOWN - $19.55 million
A brand new purpose-built medical facility in Blacktown, anchored by PRP Diagnostic Imaging, has sold for $19.55 million, marking one of the sharpest yields recorded for a medical asset in the current market at 4.97 per cent.
The sale was facilitated by Burgess Rawson from CBRE, listing agents Yosh Mendis, Geoff Sinclair, and Darren Beehag as part of their Portfolio 179 campaign.
The 1,742 square metre medical facility sits on a 1,194 square metre site immediately adjacent to Blacktown Hospital. Anchored by PRP Diagnostic Imaging and supported by Blacktown Dermatology, Rehab Pro, and Panorama GP & Medical Centre, the centre offers 100 basement parking spaces and contemporary healthcare design.
The investment delivers a net annual rental of $970,990 + GST with secure net lease structures across all tenancies. PRP Diagnostic Imaging, a sector leader operating more than 32 imaging centres nationally and servicing over one million patients annually, has made significant capital investment in MRI, CT, PET scan, and radiology infrastructure at the site.
PRP is owned by IFM Investors and UniSuper, which together manage $381 billion in funds under management, providing exceptional covenant strength underpinning the lease.
TALLAWONG - Undisclosed
A unique parcel of land close to the new Tallawong Metro Station in Sydney’s growing northwest has been sold following strong developer interest.
The 4.766-hectare vacant property at Lot 2 DP1289602 Schofields Road in Tallawong was sold by Sydney Metro in a deal negotiated by Knight Frank's Mark Litwin, James Reeves, and Orlando Maciel.
The property has a multitude of possible development outcomes given its zoning in Blacktown City Council, including business premises, food and drink, light industries, warehouse and distribution centres; however, the buyer intends to seek approval for a mix of commercial and light industrial uses.
LIVERPOOL - $4.635 million
Knight Frank Western Sydney has achieved an outstanding result at auction for a mixed-use commercial property at 233–239 Northumberland Street, Liverpool, which sold for $4,635,000 on a sub-5% yield.
The fully-leased freehold asset, comprising two established tenancies with 481sq m of net lettable area on a 710sq m site within the Liverpool CBD in Sydney’s southwest, attracted strong buyer interest despite the complexities of the tenancy profile, which included a licensed adult services operator.
The auction, held at Knight Frank’s Parramatta office, drew multiple registered bidders and concluded with a strong price under the hammer, exceeding the vendor’s expectations.
The asset was sold following an auction campaign run by Knight Frank’s Patrick Harlalka and Jeff Moxham.
Australian Capital Territory
FYSHWICK - $17 million
A prominent large-format retail asset in Canberra’s bustling Fyshwick precinct has changed hands for $17 million, reflecting a yield of 5.70%, in a deal underscoring continued investor appetite for quality retail investments.
The national expressions of interest campaign run by Burgess Rawson from CBRE, Yosh Mendis, and Geoff Sinclair, as well as Burgess Rawson ACT, Guy Randell, saw significant interest from investors across Australia through the campaign, with 11 offers received at the close.
Located at 17 Iron Knob Street, Iron Knob Square comprises a fully leased 5,068sqm large format retail centre anchored by national tenants Chemist Warehouse, Auto One, and Ten Tops.
FYSHWICK - $17 million
A prominent large-format retail asset in Canberra’s bustling Fyshwick precinct has changed hands for $17 million, reflecting a yield of 5.70%, in a deal underscoring continued investor appetite for quality retail investments.
The national expressions of interest campaign run by Burgess Rawson from CBRE, Yosh Mendis, and Geoff Sinclair, as well as Burgess Rawson ACT, Guy Randell, saw significant interest from investors across Australia through the campaign, with 11 offers received at the close.
Located at 17 Iron Knob Street, Iron Knob Square comprises a fully leased 5,068sqm large format retail centre anchored by national tenants Chemist Warehouse, Auto One, and Ten Tops.
South Australia
WALLAROO - $14.1 million
Colliers is proud to announce the successful sale of the remaining stages of the Wallaroo Shores master planned development for $14.1 million to ASX-listed developer Aspen Group Ltd, marking a major milestone for the Copper Coast region.
Strategically positioned between Wallaroo’s historic town centre, the marina precinct, and the foreshore, Wallaroo Shores is set to transform the seaside township into a premier lifestyle and tourism destination. The 13.45-hectare coastal landholding offers a rare opportunity for mixed-use development, with extensive civil works already completed and infrastructure in place.
The Wallaroo Shores project is a multi-staged master planned development that includes 200 lifestyle land lease sites, residential build-to-rent, townhouses, and residential land lots, and a vibrant commercial and retail precinct as a continuation of the main street.
WALLAROO - $14.1 million
Colliers is proud to announce the successful sale of the remaining stages of the Wallaroo Shores master planned development for $14.1 million to ASX-listed developer Aspen Group Ltd, marking a major milestone for the Copper Coast region.
Strategically positioned between Wallaroo’s historic town centre, the marina precinct, and the foreshore, Wallaroo Shores is set to transform the seaside township into a premier lifestyle and tourism destination. The 13.45-hectare coastal landholding offers a rare opportunity for mixed-use development, with extensive civil works already completed and infrastructure in place.
The Wallaroo Shores project is a multi-staged master planned development that includes 200 lifestyle land lease sites, residential build-to-rent, townhouses, and residential land lots, and a vibrant commercial and retail precinct as a continuation of the main street.
The sale was managed by Colliers Justin Hazell, Rhys Newman, and Chris O’Driscoll.
ADELAIDE - $10.85 million
A landmark heritage building on Adelaide’s premier shopping strip has been sold to National Retail Group (NRG Property), a specialist in retail asset services, for $10.85 million.
The property, located at 150 Rundle Mall, was purchased by NRG Property from Adelaide Development Company following an Expressions of Interest campaign that attracted strong buyer interest run by Knight Frank agents Max Frohlich, Ryan Mills, and Chet Al.
The heritage-listed three-level building, which was built in the 1860s, has a total of approximately 813sq m of gross floor area – consisting of three three-level adjoining shops and a basement on an approximately 478sq m freehold site. It also has rear lane access and four off-street car parking spaces.
NRG will undertake a major refurbishment, including amalgamating the whole ground floor to create a flagship retail outlet on Rundle Mall.
Victoria
COBURG NORTH - $7.51 million
A tenanted industrial investment property in Coburg North, backed by the strong covenant of Capital SMART Repairs, has been snapped up by a local private investor for $7.51 million.
CBRE brokered the sale of 166-170 Newlands Road, with the transaction highlighting the continued appeal of well-located, tenanted assets despite a fluctuating market.
The strategically positioned industrial asset attracted considerable interest during a competitive Expressions of Interest (EOI) campaign, led by CBRE’s Josh Deluca, Matt Romanin, and Jake George.
COBURG NORTH - $7.51 million
A tenanted industrial investment property in Coburg North, backed by the strong covenant of Capital SMART Repairs, has been snapped up by a local private investor for $7.51 million.
CBRE brokered the sale of 166-170 Newlands Road, with the transaction highlighting the continued appeal of well-located, tenanted assets despite a fluctuating market.
The strategically positioned industrial asset attracted considerable interest during a competitive Expressions of Interest (EOI) campaign, led by CBRE’s Josh Deluca, Matt Romanin, and Jake George.
The sale price of $7.51 million reflects an initial yield of 3.97%, significantly below the current market yield of 5.89%.
NEWPORT - $1.65 million
CVA has successfully sold 17 Hall Street, Newport — a fully leased, high-exposure retail freehold — for $1,650,000, reflecting a 5.11% yield. Marketed by CVA Director John Nockles and Senior Property Executive Domenic Sgambellone, the property attracted strong investor interest due to its prime position opposite Newport Railway Station and secure dual tenancies.
The 350sqm* building comprises two recently refurbished tenancies, producing a combined annual income of $88,000 with modern, high-quality fitouts suited to Hall Street’s vibrant retail character.
Occupying a 382sqm* Commercial 1-zoned site, the property offers future development potential. Surrounded by popular restaurants, wellness operators, and local retailers, Hall Street continues to thrive as a leading lifestyle destination in Melbourne’s inner west.
ROXBURGH PARK - Undisclosed
Colliers has completed the sale of the Moran Aged Care facility in Roxburgh Park, marking a key aged care transaction in Melbourne’s northern corridor. Managed by Ian Sanders, Head of Transaction Services, Asia Pacific | Healthcare & Retirement Living, with co-agent Shane Nicholson of ACSL Property, the sale comes ahead of major sector reforms taking effect on 1 November.
Located at 3 Wedgewood Road, the 98-room, 132-bed facility holds a strong local reputation and operates without extra service contracts. With FY25 annualised EBITDA of $3.2 million and below-market RADs, it presents clear potential for future uplift.
Situated in one of Melbourne’s fastest-growing multi-generational areas, the property benefits from nearby amenities and a co-located retirement precinct. The region’s ageing population—forecast to grow 3.9% annually to 2035—reinforces the asset’s strong long-term fundamentals.
