South Australia
HALLETT COVE - $45 million
A spectacular South Australian coastline site has sold for more than $45 million to a national developer, and is now set to become home to Adelaide’s newest community.
The 11.99ha parcel at Lot 4102 Burlington Road in Hallett Cove was sold by McGees Property agents James Juers and Simon Lambert on behalf of a local owner.
The purchaser is award-winning national developer Urbex, the property development company of the BMD Group. Urbex delivers residential and commercial projects across Australia and is expected to transform the Hallett Cove site into a new masterplanned community.
New South Wales
SMITHFIELD - $12.5 million
A developer has acquired five industrial lots in Smithfield for $12.5 million after a competitive Expressions of Interest campaign, reinforcing the area's position as one of Sydney's most sought-after industrial precincts.
CBRE’s Janet Joljian and Nicholas Kennedy negotiated the transactions of 27, 29, 1F, 1D, and 1E Britton Street, Smithfield.
The properties, a total of 6,070sqm, offer exceptional connectivity to major transport routes, including the M4 and M7 Motorways, Sydney’s arterial road network, and key freight infrastructure.
Victoria
CAMPBELLFIELD - $7 million
A high-quality industrial facility in Melbourne’s northern industrial market has sold for $7 million, reflecting continued demand for well-located assets that provide businesses with long-term operational certainty.
Located at 71 Premier Drive, Campbellfield, the 2,600 sqm office and warehouse facility on a 3,720 sqm site was acquired by a local owner-occupier operating in the building products sector following a private sale campaign managed by Colliers. The transaction reflected a building rate of $2,692 per square metre.
The property attracted strong buyer interest and transacted just four weeks after its public launch, underscoring the depth of demand for quality industrial assets in Melbourne's tightly held northern precinct.
LAVERTON NORTH - $4.62 million
A quality industrial investment at Factory 3, 5–7 Maria Street, Laverton North has sold for $4.62 million following a competitive Expressions of Interest campaign. The property was purchased by an interstate investor, with the sale negotiated by Knight Frank’s Steve Jones and Andrew Gallucci.
The asset comprises a 1,025 sqm building on a substantial 6,843 sqm site with exceptionally low 15% site coverage, providing future flexibility for expansion or redevelopment (STCA). It is securely leased to ASX-listed Cleanaway, generating a net passing income of $237,853 per annum.
Positioned within Laverton North’s tightly held Industrial 2 Zone, the property benefits from excellent access to Melbourne’s key freight routes, reinforcing continued investor demand for well-located industrial assets with secure long-term income.
COLLINGWOOD - $2.26 million
Colliers has sold the former warehouse at 3 Bedford Street, Collingwood for $2.26 million to owner-occupier Synq Projects following a competitive Expressions of Interest campaign. The sale, managed by Eddie Foulkes and Alex Browne of Colliers, generated more than 64 enquiries, with the purchaser represented by Jeff Ha of Societe Group.
The transaction achieved a land rate of $14,027 per sqm and a building rate of $7,018 per sqm, highlighting strong demand for flexible Commercial 1-zoned assets in Melbourne’s city fringe.
Located just behind the vibrant Smith Street retail and hospitality precinct, the property features exposed brickwork, timber trusses, high ceilings and abundant natural light, making it an attractive opportunity for owner-occupiers seeking character-filled commercial space.
MELBOURNE CBD - Undisclosed
A Melbourne CBD corner property occupied by a popular hospitality operator has sold, delivering a strong result reflecting buyers' continued confidence in the city and the ongoing shift from residential to commercial property.
Fitzroys’ Lewis Waddell, David Bourke and Ben Liu sold the strata-titled 302 Flinders Lane on behalf of a local vendor, after a campaign that generated 72 enquiries from local, interstate and international investors.
A local SMSF investor won out.
The sale price came in at a building rate of $10,000 per sqm and a tight 5.3% yield.
Queensland
TOWNSVILLE - $5.3 million
Belrowes Place, a thriving convenience centre at 45–49 Bundock Street, Belgian Gardens, has sold for $5.3 million following strong investor demand. The sale was negotiated by Knight Frank agents Mark Fitzgerald and Dan Place, with the asset acquired by PCMN Property Holdings Pty Ltd.
The high-profile corner property comprises 1,573sqm of net lettable area across two levels on a 3,035sqm site with 54 car parks. It generates more than $385,000 in annual net income, supported by a diversified mix of 14 retail, allied health and professional tenants.
Located just two kilometres from Townsville’s Strand foreshore, the centre is anchored by well-established occupiers including St Vincent de Paul, Cleveland Bay Aviation, Glynn Tucker Engineers, Tippett Schrock Architects, Australia Advertising and Coffee Works.
