New South Wales
SYDNEY CBD - $19,000,001
The former Combined Services RSL freehold at 5–7 Barrack Street, Sydney CBD has sold at public auction for $19,000,001, with Justin Hemmes securing the landmark asset following a fiercely contested campaign.
The 1,229sqm multi-level building occupies a 341.5sqm freehold site in Sydney's western CBD and was offered with vacant possession, presenting significant hospitality, repositioning and redevelopment potential (STCA).
The campaign generated more than 100 enquiries and culminated in four registered bidders, with the winning bid aligning with Merivale's expanding footprint in the precinct.
The deal was negotiated by James Cowan and Jack McGregor of Colliers on behalf of the Combined Services RSL Sub-Branch.
JAMISONTOWN - $15.2 million
The industrial investment at 65–67 Batt Street, Jamisontown has sold for $15.2 million, reflecting a 4.83% yield and highlighting continued investor demand for securely leased industrial assets across Western Sydney.
The property comprises a 2,433sqm industrial and showroom facility on a 4,199sqm freehold site, fully leased to ASX-listed Reece Limited on a 10-year net lease to 2034, with options extending to 2064. The asset traded approximately 15% above its previous sale price, underpinned by annual rent reviews at the greater of CPI or 4% and its strategic location within the Penrith industrial precinct.
The deal was negotiated by Zomart He, Geoff Sinclair and Yosh Mendis of CBRE.
Queensland
YAMANTO - $17.75 million
The Yamanto Trade Gateway industrial estate is set to deliver more than $200 million in end value following development approval for a 28-lot industrial subdivision at 447 Warwick Road, Yamanto.
The 18.33-hectare site was acquired by SKF Development for $17.75 million (excluding GST), with the project already securing more than $30 million in presales ahead of its official launch. Lots will range from 2,440sqm to 12,147sqm, targeting strong demand within one of South East Queensland's fastest-growing industrial corridors.
The englobo acquisition and the marketing of the estate were handled by Mark Clifford and Ned Jefferies of Knight Frank.
Western Australia
WEST PERTH - $11.5 million
The landmark office building at 1050 Hay Street, West Perth has sold for $11.5 million, with a private investor acquiring the asset as a long-term investment with significant redevelopment upside.
The 2,192sqm two-level office building occupies a prominent 1,696sqm corner site opposite Parliament House and is approximately 75% leased to a diversified tenant mix including Piacentini & Son, Hillside Meat Processors and TABEC Engineering.
The campaign generated around 65 enquiries and multiple offers, with the property's secure income, substantial landholding and future high-density redevelopment potential driving strong buyer interest.
The deal was negotiated by Jack Bradshaw and Brian Neo of Sterling Property, in conjunction with Ray White Commercial.
NORANDA - $1.35 million
The Noranda Orthodontic Clinic at 75 Camboon Road, Noranda has sold off-market for $1.35 million, reflecting a sharp 5.19% yield.
The healthcare investment was placed under contract within two days of being presented to Colliers' investor database, highlighting strong demand for well-located medical assets offering secure income and exposure to established healthcare operators.
The deal was negotiated by Aidan Austen of Colliers.
Victoria
DOONSFIELD - $8 million
The Old Princes Highway hotel in Doveton (Doonsfield) has sold for $8 million, with experienced hospitality operator Blueanna Australia acquiring the freehold as part of plans to expand the venue's food, beverage and entertainment offering.
The large-format hotel occupies a 5,797sqm landholding and has a long history within the local community, featuring a bistro, sports bar, beer garden and entertainment facilities.
The transaction reflected a 5.21% passing yield, highlighting continued demand for well-established hospitality assets in Melbourne's outer growth corridors.
The deal was negotiated by Horey James and Kevin Tong of Stonebridge Property Group.
CLAYTON - $7.365 million
The Sir John Monash Private Hospital at Suites 15–21, 212–220 Clayton Road, Clayton has sold for $7.365 million, reflecting a 6.30% yield and a building rate of $10,975/sqm following a highly competitive campaign that generated more than 80 enquiries.
The 697sqm purpose-built private hospital is operated by Cura Group on a net lease to 2032, featuring two operating theatres, two dental procedure rooms and supporting approximately 90 specialist doctors within Melbourne's renowned Monash medical precinct.
The result represents one of the tightest yields recorded for a strata medical asset in Victoria.
The deal was negotiated by Lucas Soccio, Ben Baines and Justin Hazell of Colliers.
NORTH MELBOURNE - $730,000
Unit 42A, 185 Boundary Road, North Melbourne has sold for $730,000, reflecting continued demand for flexible commercial assets in Melbourne's inner north.
The 94sqm ground-floor tenancy occupies a prominent position within a mixed-use development and features a versatile fit-out suitable for retail, medical, hospitality and commercial uses. The property also benefits from a 9B permit, a specialised commercial kitchen fit-out and three on-site car spaces, offering immediate functionality and strong accessibility.
The deal was negotiated by Benny Goh and Oscar Sturm of Jones Real Estate.
