Victoria
DANDENONG SOUTH - $26.5 million
Colliers successfully completed the off-market sale of 1 Healey Road, Dandenong South, Victoria, for $26.5 million. The property, comprising two modern manufacturing and warehousing facilities with a combined gross lettable area of 12,073 square metres, was purchased by Summertime Pools from vendor ESR.
Occupying a prominent corner position within Melbourne’s high-performing South East industrial precinct, the asset sits on a 28,750 square metre site and offers separate ingress and egress points across two freestanding warehouses. The transaction underscores the strong demand from owner-occupiers for high-quality industrial facilities in tightly held and land-constrained markets.
The sale of 1 Healey Road, Dandenong South, was exclusively managed by Colliers Gordon Code, Sean Thompson and Gavin Bishop.
CLAYTON - $9 million
A prime industrial property in Clayton has changed hands for $9 million following a competitive on-market Expressions of Interest campaign.
Located at 38 Sarton Road, the 7,500 sqm site attracted strong interest from a diverse pool of developers, investors, and owner-occupiers, highlighting the continued strength of Melbourne’s southeast industrial market.
CBRE’s Alex Grima, David Aiello, and Sasan Misaghian led the campaign and facilitated the transaction.
SOUTH WARF - $2.08 million
Melbourne-based commercial agency GrayJohnson has successfully negotiated the sale of an outstanding office investment at Suite 201, 20 Convention Centre Place, South Wharf, achieving a strong result of $2,080,000 via private sale.
Set within the highly coveted South Wharf precinct, the premium strata office boasts stunning Yarra River and Melbourne CBD views, a new 5 + 5-year lease commencing 1 July 2025, and an attractive net rental of $140,850 per annum with annual reviews. The property also includes 11 valuable off-street car parks and full tenant coverage of outgoings, including land tax.
GrayJohnson Director Matt Hoath said the transaction reflects continued investor confidence in quality, well-leased commercial assets.
BUNDOORA - $1.65 million
Anthony Comand and Jarrod Moran of CVA Property Consultants have just sold a standalone industrial asset at 21 Clements Avenue, Bundoora for $1,650,000.
The deal came off the back of a four-week closing campaign that attracted strong owner-occupier interest, with three offers in the first round, followed by two offers on contract in the second - culminating in a result that exceeded the asking price.
Located in a tightly held Bundoora pocket, the property presented a rare opportunity for buyers looking to secure quality industrial accommodation in Melbourne’s north. The successful purchaser, an owner-occupier, plans to occupy the site, further underpinning the strength of the owner-occupier market segment.
Queensland
GYMPIE - $9.3 million
Gympie Marketplace has changed hands for the first time in over 10 years after anchor tenant, Drakes, acquired the property in a strategic transaction valued at $9.3 million.
The sale was managed by CBRE’s Harrison Coburn and Mikaela O’Farrell, who led a competitive Expressions of Interest (EOI) campaign. The property was secured on a cash unconditional basis, reflecting a 6.91% fully leased yield.
Located at 12 Reef Street, the centre occupies 7,888 sqm freehold site in the heart of the Gympie CBD, 67km north-west of Noosa and 170km north of Brisbane.
KELVIN GROVE - $1.8 million
A commercial property in Brisbane’s tightly held inner fringe has changed hands for $1,800,000, with the new Canberra-based developer, Denliv Investments, planning a significant refurbishment in response to soaring demand for quality office space.
Transacted via an Expressions of Interest campaign by Colliers' Hunter Higgins and Shaun Seeto, the 455 sqm site at 200 Kelvin Grove Road, Kelvin Grove, was sold on behalf of a Gold Coast-based private seller.
Colliers Investment Services National Director Hunter Higgins said the property represented one of the best value opportunities in the market.
South Australia
NORTH ADELAIDE - Undisclosed
Qualitas Convenience Retail Fund No. 1 and Greenpool Capital have divested North Adelaide Village to a local private investor at a time when demand for convenience-anchored retail remains robust, with $1.6 billion of neighbourhood transactions year to date.
The property was acquired following a sale campaign coordinated by CBRE’s Simon Rooney, James Douglas and James Sherley.
The property's high-profile location, excellent demographic profile and significant value-add potential drove strong interest in the sale process.
Situated just 2.6 kilometres from the CBD, North Adelaide Village is in one of Adelaide’s most affluent and tightly held catchments, in close vicinity to the redeveloped Adelaide Oval and revitalised Riverbank Precinct.
The 9,352 sqm centre occupies a high-profile and prominent corner site of 11,439 sqm within the heart of the premier O’Connell Street retail precinct.
