New south Wales
NEUTRAL BAY - $140 million
The iconic Oaks Hotel in Neutral Bay has sold for $140 million to Gallagher Hotels, marking one of the country’s most significant pub transactions.
Situated on a 2,188sqm site, the landmark venue features extensive hospitality offerings including bars, dining, gaming and function spaces, along with future development upside (STCA).
The deal was negotiated by John Musca and Ben McDonald of JLL Hotels & Hospitality Group.
GREENWICH - Undisclosed
A private property group has acquired the office building at 154 Pacific Highway, Greenwich, an elevated harbour-view asset with significant repositioning potential.
The 10-storey building sits on a 3,080sqm corner site, offering 6,300sqm of existing space and 182 car parks, with scope to expand to over 9,240sqm (STCA).
The transaction was negotiated by Tom Appleby, Joseph Lin and Guillaume Volz of Colliers.
PERISHER VALLEY - Undisclosed
The iconic Sundeck Hotel in Perisher Valley, Australia’s highest hotel, has changed hands after more than 30 years of ownership, marking a rare alpine hospitality transaction within the Snowy Mountains.
Positioned directly on the slopes at 1,769 metres above sea level, the 41-room ski-in/ski-out hotel accommodates up to 90 guests and is one of the most tightly held assets within the Perisher resort.
The deal was negotiated by Leonard Bongiovanni and Ray Larkin of MQ & Associates in conjunction with Michelle Stynes and Alex Cherry of Forbes Stynes Prestige Property Sales, with hospitality investor Peter Dean securing the asset.
Queensland
BUNDAMBA - $17.5 million
The Hawkins Connect industrial development at 52 Hawkins Crescent, Bundamba is nearing full sell-out, with 21 warehouse units almost entirely taken up following completion.
The boutique estate has achieved $17.5 million in total sales, with only one 160sqm unit remaining priced at $799,000.
The project was developed by Brix Property Group, with sales negotiated by Lachlan Hateley and David Knox of Knight Frank in conjunction with Harry Egan of Ray White Commercial South West.
WILSONTON - $5.135 million
A brand-new 7-Eleven service station at 415 Bridge Street, Wilsonton has sold for $5.135 million, reflecting a 6.00% net yield.
The high-exposure asset sits on a 1,779sqm corner site within a major retail precinct and is underpinned by a long-term lease to national operator 7-Eleven.
The deal was facilitated by Sasha Rodriguez of Costi Cohen.
SUNNYBANK HILLS - $1.625 million
A strata retail asset at Pacific Centre, 8 Lear Street, Sunnybank Hills has sold for $1.625 million to a local Asia-Pacific owner-occupier, highlighting continued demand within Brisbane’s tightly held Asian business precincts.
The 156sqm tenancy across two lots was sold vacant, reflecting a rate of approximately $10,417/sqm.
The deal was negotiated by Tony Wang of Colliers’ Asia Markets team.
Victoria
MICKLEHAM - $17 million
Collective Capital Investments has acquired Mickleham Medical at 9–33 Errol Boulevard for $17 million, securing a purpose-built healthcare facility in Melbourne’s northern growth corridor.
The 8,705sqm landholding generates $1.23 million in annual income and is anchored by a diverse mix of medical, wellness and allied health tenants.
The sale was negotiated by Luke Peric, Paul Jones and Vincent Lam of Jones Real Estate in conjunction with Sandro Peluso, Marcello Caspani-Muto and Jimmy Tat of CBRE.
CREMORNE - $10.5 million
An office building at 11 Newton Street, Cremorne has sold for $10.5 million to a local owner-occupier, highlighting continued demand for city-fringe office assets.
The three-storey, 1,500sqm building transacted at a rate of $7,027/sqm, with strong interest from investors, developers and occupiers.
The deal was negotiated by Alex Browne, Ben Baines and Eddie Foulkes of Colliers.
TOORAK - $8 million
A blue-chip development site at 51 Bruce Street, Toorak has sold for $8 million to a local Chinese developer, highlighting continued demand for premium residential opportunities in Melbourne’s most tightly held suburb.
The 1,008sqm site, comprising six amalgamated strata units, was sold by George Davies and Leon Ma of Cushman & Wakefield, with the deal reflecting a land rate of just under $8,000/sqm.
