Queensland
PIALBA - $39.9 million
Pialba Place Shopping Centre at Hunter Street and Old Maryborough Road, Pialba has sold for $39.9 million to an interstate private syndicate following a competitive Expressions of Interest campaign that generated nine formal offers.
The sub-regional shopping centre occupies a substantial 4.38-hectare freehold site, including 4,449sqm of surplus land and more than 600 metres of combined road frontage. The centre is anchored by Coles and Big W, with 64% of its income derived from non-discretionary tenants, providing a defensive income profile within the growing Hervey Bay catchment.
The deal was negotiated by Carl Molony of Stonebridge Retail Investments and Jacob Swan of JLL Retail Investments.
FORTITUDE VALLEY - $13 million
The prominent freehold property at 669–683 Ann Street, Fortitude Valley, home to The Beat Megaclub, has been acquired by BENTINO for $13 million, expanding the group’s Queensland commercial property portfolio.
The corner site generates approximately $900,000 in net annual income and was acquired on a circa 7% yield, providing an established income stream alongside longer-term development potential. The Beat has operated from the property for more than 40 years.
Tas Costi and Sasha Rodriguez of Costi Cohen acted exclusively for BENTINO on the acquisition, with Michael Gard of Gard Property representing the vendor.
Victoria
CLAYTON - $20 MILLION
The purpose-built day hospital and medical centre at 252–256 Clayton Road, Clayton has sold in a sub-$20 million transaction to a private purchaser following a highly competitive campaign that attracted multiple bids from healthcare owner-occupiers.
Directly adjoining Monash Medical Centre, the property comprises more than 2,100sqm across two levels on a 2,854sqm landholding. The facility includes three operating theatres, recovery bays, consulting suites, administrative accommodation, specialised former IVF laboratory space and extensive on-site parking.
The deal was negotiated by Sandro Peluso, Marcello Caspani-Muto, Jimmy Tat and Kai Wang of CBRE Australian Healthcare & Social Infrastructure.
DANDENONG SOUTH - $17.56 million
The industrial landholding at 493–497 Frankston-Dandenong Road, Dandenong South has sold for $17.56 million to an Australian national owner-occupier headquartered in Western Australia, which plans to further expand its Victorian footprint.
The property comprises 17,030sqm of Industrial 1 Zoned land with approximately 60 metres of frontage to Frankston-Dandenong Road. The transaction achieved a land rate of $1,031 per sqm, representing the sale of one of the remaining substantial main-road industrial holdings in Dandenong South.
The deal was negotiated by Andrew O’Connell and Robert Colaneri of GO Commercial Industrial, in conjunction with Pana Kritikos and Grant Tishler of Crabtrees Real Estate.
MELBOURNE CBD - $13.3 million
The prominent retail freehold at 235–237 Elizabeth Street, Melbourne has sold off-market for $13.3 million to a local private investor, reflecting a 3.30% core cap rate.
The property is securely leased to long-standing national retailer Ted’s Cameras, with additional income generated through a rooftop air space lease. The transaction achieved a building rate of $20,152 per sqm, reported as the highest achieved in the Melbourne CBD so far in 2026.
The deal was negotiated by Daniel Wolman, Oliver Hay and Leon Ma of Cushman & Wakefield City Sales.
New South Wales
CROWS NEST - CIRCA $9 MILLION
The purpose-built childcare centre at 8 Rodborough Avenue, Crows Nest has sold for circa $9 million to Sydney-based childcare operator Discover My World Early Learning Centre, following a competitive Expressions of Interest campaign.
The 75-place childcare centre occupies a 1,473sqm R4 High Density Residential-zoned site, providing longer-term residential development potential for approximately 21 luxury apartments, subject to approval. Despite significant interest from developers, the purchaser intends to retain the childcare use, refurbishing the facility ahead of reopening in early 2027.
The deal was negotiated by Tom Appleby and Marina Corvalan of Colliers on behalf of SDN Children’s Services.
MANLY - $4.85 million
Leaps & Bounds Preschool at 45 Pacific Parade, Manly has sold prior to auction for $4.85 million, following a competitive campaign that generated more than 150 enquiries. The unconditional sale reflected a 4.57% net yield.
The freestanding 40-place childcare centre is secured by a renewed five-year net lease to 2029, with options extending to 2037 and fixed 3% annual rent increases. The property generates $221,450 per annum plus GST in net income.
The deal was negotiated by Rory Alexander, Michael Collins, Tom Moreland and Brett O’Neill of Stonebridge Property Group.
YAMBA - $4.395 million
The brand-new Reece industrial freehold investment at 11 Fairtrader Drive, Yamba has sold under the hammer for $4.395 million, reflecting a 5.01% yield following a highly competitive auction campaign.
Completed in 2026, the purpose-built property is secured by a new 10-year net lease to Reece Group, with four further five-year options extending to 2056. The campaign generated more than 170 enquiries and 12 registered bidders, highlighting strong investor demand for long-leased industrial assets backed by national tenants.
The deal was negotiated by Yosh Mendis, Zomart He and Sam Mulcahy of CBRE, together with the lead CBRE agent referenced in the announcement.
