Commercial Real Estate Deals of the Week - 3rd November 2025

New South Wales

CALENY VALE - $64 million

Longstanding and much-loved Sydney hotelier Vicki Webster has sold the family’s Richard’s on the Park Hotel, Canley Vale, in a $64,000,000 transaction to local private hoteliers. The sale marks a final exit from the industry for one of Sydney’s most popular industry stalwarts following the tragic death of long-serving AHA Committee member Phil Webster in 2024.

Situated in the centre of the fast-growing Canley Vale retail precinct only metres from the train station, the hotel resides on a 4,389sqm* site area with substantial parking and includes 30 gaming machines, a state-leading TAB business and first floor accommodation.

The sale represents the largest pub sale nationally after the $140,000,000 sale of the Beach Hotel, Byron Bay, also by JLL earlier this year. The transaction was facilitated by JLL Executive Director John Musca and Managing Director Ben McDonald who suggested that pubs are a high priority for active capital seeking exposure to one of the strongest performing operating real estate asset classes in the country.

MAYFIELD - $9.99 million

In a significant off-market transaction, Colliers has facilitated the sale of 330 Maitland Road, Mayfield, to Exceed Capital for $9.99 million, marking one of the most notable commercial property deals outside the Newcastle CBD in recent years.

The asset, a modern four-storey office building, has been fully leased to a NSW Government agency since its construction in 2013. The secure tenancy generates a gross annual income of $941,990 plus GST, underpinned by fixed annual rental increases.

The sale was managed by Colliers' Luke Rutledge and Peter Macadam.

SMITHFIELD - $5.47 million

A prime property in the highly sought-after Smithfield industrial precinct has changed hands for $5.47 million following robust bidding at auction, reflecting strong ongoing demand for well-positioned industrial assets.

Located on a prominent corner at 46 Victoria Street, the property was secured by owner-occupier Conexa, who specialise in sustainable water infrastructure, with a short-term leaseback to the vendor, D&G Joinery, until July 2026.

CBRE’s Nicholas Kennedy and Janet Joljian managed the sale.

MOUNT RICHON - $22.15 million

A village and caravan park in Perth’s southeast has sold following a campaign that generated multiple offers. 

Hillside Garden Village, with 200 licensed short and long-stay sites, including caravan sites,  self-contained units, and powered sites, was purchased by Eureka Villages for $22.15 million.

The property is situated on a 9.11-hectare site set in natural bushland at 270 South Western Highway in Mount Richon, 25 kilometres southeast of the Perth CBD. 

It was sold following an ‘Offers Invited’ campaign run by Knight Frank’s Tony Delich and Empire Commercial Property’s Craig White on behalf of a local private syndicate. 

HAMILTON HILL - $2.75 million

A near-new commercial office building in Perth’s southern suburb of Hamilton Hill has sold for $2.75 million to a local medical centre operator, following a competitive sales campaign. 

Located at 9 Rockingham Road, the three-storey building was constructed in 2020 and comprises 795sq m of net lettable area on a 1,578sq m site, with 56 car bays. 

The property was marketed by Knight Frank’s Zach Schreier and Jonathan Wong on behalf of a private vendor via an ‘Offers to Purchase’ campaign.

SUNSHINE WEST - Speculated $11 million

Colliers Retail Middle Markets experts Tim McIntosh and Will Heffernan have successfully completed the off-market sale of Glen Gala Village Shopping Centre in Sunshine West, just 17km from Melbourne’s CBD. The property was acquired by a sophisticated value-add investor, underscoring the strong demand and limited supply of neighbourhood shopping centres across metropolitan Melbourne.

The 3,675 sqm centre, anchored by a supermarket and 12 specialty stores, occupies a 10,200 sqm mixed-use site adjacent to the Western Ring Road, offering excellent accessibility and exposure.

This transaction, alongside recent neighbourhood retail sales such as Mernda Junction Village, highlights the continued strength and resilience of Melbourne’s neighbourhood retail sector, driven by investor appetite for community-focused, well-located assets.

MOUNT PLEASANT - $6.2 million

A premium dual-tenanted large format retail asset at 2 Heaths Road, Mount Pleasant, has sold for $6.2 million, showcasing continued investor confidence in high-quality regional Queensland assets. The property was transacted by Burgess Rawson from CBRE’s Neville Smith and Tony Isaac via an Expressions of Interest campaign.

Occupying a 3,971sqm corner site with prime exposure to both the Bruce Highway and Heaths Road, the property benefits from over 38,000 vehicles daily. It sits opposite McDonald’s and Harvey Norman, within the busy Northpoint Retail precinct.

The asset is leased to Beacon Lighting and Bedshed under long-term net leases, underpinned by strong ASX-listed covenants and national brand recognition — driving the exceptional sale outcome.

SPRING HILL - Undisclosed

Gold Coast–based investment group Singh Enterprises has strengthened its foothold in Brisbane’s Spring Hill precinct with the acquisition of Soho Brisbane Hotel and the former St Alban’s Liberal Catholic Church.

The transaction follows the group’s 2024 purchase of the former Pacific Hotel (which was recently rebranded Mercure Spring Hill). That 345 Wickham Terrace property neighbours the Soho Brisbane at 333 Wickham Terrace and St Alban’s at 351 Wickham Terrace, with the deal creating one of Spring Hill’s largest contiguous landholdings at 4,150 sqm, spanning three prominent sites opposite Roma Street Parklands.

The surrounding sites have a mixed-use zoning and offer an acceptable building height of 20 storeys, subject to the relevant planning approvals.

CBRE Hotels’ Wayne Bunz and Hayley Manvell exclusively managed the transaction via an off-market Expression of Interest campaign.