New South Wales
ROSEBERY - $29.127 million
Colliers has sold Mascot Police Station at 965 Botany Road, Rosebery, for $29,127,000 on behalf of EG Funds, reflecting a sharp 4.56% yield. The campaign, led by Colliers' Matthew Meynell and Justin Rosenberg, drew strong interest from critical infrastructure funds and high-net-worth investors, resulting in a highly competitive process.
The 2,888sqm purpose-built facility, on a 4,152sqm site, is leased to the NSW Police Force with a WALE of 5.5 years, providing secure government-backed income. Since acquiring the asset in 2020, EG Funds completed an ESG-focused upgrade, improving the NABERS Energy rating from 3.5 to 5.5 stars.
With E1 Local Centre zoning and a 14-metre height limit, the site also offers significant redevelopment potential for mixed-use, residential, or build-to-rent projects (STCA). Positioned just six kilometres from Sydney’s CBD, Rosebery’s rapid transformation into a key mixed-use hub further underpins the asset’s long-term value.
GALSTON - $16.125 million
Galston Village Shopping Centre, an ALDI-anchored neighbourhood centre north of Sydney’s CBD, has sold to a private investor for $16.125 million. The transaction was managed exclusively by Colliers’ James Wilson and Ben Wilkinson, achieving a 5.80% fully leased yield.
Built in 2009, the three-level, 2,541sqm centre features ALDI and Liquorland as anchors, alongside essential service retailers and office tenants. A new 10-year lease extension to ALDI secures over 80% of the GLA and income, strengthening the investment’s long-term profile.
Neighbourhood centres remain resilient amid changing economic conditions, with Galston Village standing out as the only supermarket in its trade area with a floorplate above 1,000sqm. Located in Sydney’s Hornsby Shire, the award-winning centre is well-positioned to benefit from strong population growth and ongoing infrastructure investment.
BANKSIA - $14.75 million
Colliers has sold 325–343 Princes Highway and 86–94 Hattersley Street, Banksia, for $14.75 million to an owner-occupier following a sales campaign led by Trent Gallagher, Edward McFarland, and Tom Appleby.
The result reflects a capital value rate of $8,591/sqm and a GFA rate of $1,690/sqm, underscoring the property’s strong fundamentals and long-term development potential. Strategically located opposite Banksia Train Station, the site offers excellent connectivity and future growth prospects.
Currently improved with 1,717sqm of showroom, workshop, and spare parts facilities leased to Peter Warren Automotive, the property generates $656,812 in annual income. With a 2.5:1 FSR and 28m height limit, the site has the potential to deliver 8,726sqm of GFA (STCA).
MANLY - $12.5 million
Colliers has negotiated the $12.5 million sale of Boardrider Backpackers in Manly, Sydney, with the deal managed by Tom Appleby, Karen Wales, Eugene White, and Jackie Su. Located at 63–67 The Corso, the property has been operated by the same owner for 25 years and features 28 rooms, a café, communal areas, and a rooftop terrace with views over Manly Beach.
Originally built in 2001 on the site of a former Crazy Prices Woolworths, the asset has become a fixture of Manly’s hospitality scene. Its sale reflects the suburb’s growing appeal as both a tourism hub and lifestyle destination, underpinned by rising unit prices and strong rental demand.
The transaction highlights continued demand for properties in Sydney’s beachside markets, particularly those offering repositioning and redevelopment potential in premium locations. Manly, attracting over eight million visitors annually, remains a key gateway to the Northern Beaches and a prime target for long-term investment.
LEPPINGTON - $10.51 million
Colliers has sold 55 Eastwood Road, Leppington, for $10.51 million to a private owner-occupier following a highly competitive public auction managed by Joe Sacco, Adrian Balderston, and Trent Gallagher.
The 15,610sqm site, offered on behalf of the NSW Government, drew nine registered bidders and 172 live bids, underscoring the scarcity of industrial land in Sydney’s south-west. Zoned IN2 Light Industrial, it provides significant development flexibility (STCA), with potential for logistics, warehousing, or large-scale storage.
Located within the emerging Leppington Town Centre, the landholding is surrounded by major developments from Stockland, ESR, and Charter Hall, alongside occupiers such as DHL, JD Sports, and Bunnings. Its connectivity to key arterials and the future Western Sydney Airport reinforces the precinct’s long-term strategic growth.
ROSEBERY - $29.127 million
Colliers has sold Mascot Police Station at 965 Botany Road, Rosebery, for $29,127,000 on behalf of EG Funds, reflecting a sharp 4.56% yield. The campaign, led by Colliers' Matthew Meynell and Justin Rosenberg, drew strong interest from critical infrastructure funds and high-net-worth investors, resulting in a highly competitive process.
The 2,888sqm purpose-built facility, on a 4,152sqm site, is leased to the NSW Police Force with a WALE of 5.5 years, providing secure government-backed income. Since acquiring the asset in 2020, EG Funds completed an ESG-focused upgrade, improving the NABERS Energy rating from 3.5 to 5.5 stars.
With E1 Local Centre zoning and a 14-metre height limit, the site also offers significant redevelopment potential for mixed-use, residential, or build-to-rent projects (STCA). Positioned just six kilometres from Sydney’s CBD, Rosebery’s rapid transformation into a key mixed-use hub further underpins the asset’s long-term value.
GALSTON - $16.125 million
Galston Village Shopping Centre, an ALDI-anchored neighbourhood centre north of Sydney’s CBD, has sold to a private investor for $16.125 million. The transaction was managed exclusively by Colliers’ James Wilson and Ben Wilkinson, achieving a 5.80% fully leased yield.
Built in 2009, the three-level, 2,541sqm centre features ALDI and Liquorland as anchors, alongside essential service retailers and office tenants. A new 10-year lease extension to ALDI secures over 80% of the GLA and income, strengthening the investment’s long-term profile.
Neighbourhood centres remain resilient amid changing economic conditions, with Galston Village standing out as the only supermarket in its trade area with a floorplate above 1,000sqm. Located in Sydney’s Hornsby Shire, the award-winning centre is well-positioned to benefit from strong population growth and ongoing infrastructure investment.
BANKSIA - $14.75 million
Colliers has sold 325–343 Princes Highway and 86–94 Hattersley Street, Banksia, for $14.75 million to an owner-occupier following a sales campaign led by Trent Gallagher, Edward McFarland, and Tom Appleby.
The result reflects a capital value rate of $8,591/sqm and a GFA rate of $1,690/sqm, underscoring the property’s strong fundamentals and long-term development potential. Strategically located opposite Banksia Train Station, the site offers excellent connectivity and future growth prospects.
Currently improved with 1,717sqm of showroom, workshop, and spare parts facilities leased to Peter Warren Automotive, the property generates $656,812 in annual income. With a 2.5:1 FSR and 28m height limit, the site has the potential to deliver 8,726sqm of GFA (STCA).
MANLY - $12.5 million
Colliers has negotiated the $12.5 million sale of Boardrider Backpackers in Manly, Sydney, with the deal managed by Tom Appleby, Karen Wales, Eugene White, and Jackie Su. Located at 63–67 The Corso, the property has been operated by the same owner for 25 years and features 28 rooms, a café, communal areas, and a rooftop terrace with views over Manly Beach.
Originally built in 2001 on the site of a former Crazy Prices Woolworths, the asset has become a fixture of Manly’s hospitality scene. Its sale reflects the suburb’s growing appeal as both a tourism hub and lifestyle destination, underpinned by rising unit prices and strong rental demand.
The transaction highlights continued demand for properties in Sydney’s beachside markets, particularly those offering repositioning and redevelopment potential in premium locations. Manly, attracting over eight million visitors annually, remains a key gateway to the Northern Beaches and a prime target for long-term investment.
LEPPINGTON - $10.51 million
Colliers has sold 55 Eastwood Road, Leppington, for $10.51 million to a private owner-occupier following a highly competitive public auction managed by Joe Sacco, Adrian Balderston, and Trent Gallagher.
The 15,610sqm site, offered on behalf of the NSW Government, drew nine registered bidders and 172 live bids, underscoring the scarcity of industrial land in Sydney’s south-west. Zoned IN2 Light Industrial, it provides significant development flexibility (STCA), with potential for logistics, warehousing, or large-scale storage.
Located within the emerging Leppington Town Centre, the landholding is surrounded by major developments from Stockland, ESR, and Charter Hall, alongside occupiers such as DHL, JD Sports, and Bunnings. Its connectivity to key arterials and the future Western Sydney Airport reinforces the precinct’s long-term strategic growth.
Queensland
CANNON HILL - $22 million
In a strong show of investor confidence in Brisbane’s fringe office market, a modern commercial asset in Southgate Corporate Park has transacted for $22 million in an off-market transaction to Natgen.
In a deal brokered by the Colliers' Sam Arkell and Hunter Higgins, the three-storey building located at 38 Southgate Avenue, Cannon Hill, was acquired by Natgen from Trilogy Funds.
The high-quality asset comprises 3,493 sqm of net lettable area on a 2,054 sqm site, and is fully leased to a strong tenant mix including Compass Group, Orica Australia, and Mindray Medical. The building features a 5.0-star NABERS rating, adaptable floor plates, and 81 car bays.
MAROOCHYDORE - $12 million
Sunshine Coast-based Devcon Property Group has acquired one of Maroochydore’s most prominent development sites for $12,000,000, unlocking the potential for a 37.5-metre high mixed-use project with sweeping ocean views in the sought-after Cotton Tree precinct.
The 4,178sqm site at 41–43 Aerodrome Road—well known as the former home to one of Australia’s last Sizzler restaurants—was sold via an off-market Expressions of Interest campaign by Colliers’ Sunshine Coast experts Nick Dowling and Baydn Dodds. More than 70 targeted buyer groups were approached, resulting in multiple competitive offers for the property, which was sold on behalf of private owners.
Devcon Property Group Managing Director Michael Kain said the acquisition was a strategic move in line with the company’s focus on delivering high-quality projects in prime coastal locations.
LOTA - $7.45 million
On behalf of Clarence Property, Stonebridge Property Group is pleased to announce the successful off-market sale of Guardian Childcare Lota, a newly developed childcare centre located in Brisbane’s bayside, 24km east of the CBD.
The asset sold for $7,450,000, reflecting a 5.04% yield, and sets a new benchmark for development-grade childcare investments in Brisbane - just weeks after Stonebridge established the previous benchmark with the $10 million sale of Imagine Childcare Collingwood Park, transacted in July as part of a National Portfolio campaign.
The Lota property was acquired by a first-time commercial property investor, sourced via Stonebridge’s Asia Practice network, demonstrating the continued appeal of high-quality, income-producing childcare assets among emerging investor groups.
Completed and opened just four months ago, Guardian Lota represents a high-quality, purpose-built childcare facility underpinned by a 15-year lease to Guardian Childcare, one of Australia’s leading childcare operators across 170+ centres.
CANNON HILL - $22 million
In a strong show of investor confidence in Brisbane’s fringe office market, a modern commercial asset in Southgate Corporate Park has transacted for $22 million in an off-market transaction to Natgen.
In a deal brokered by the Colliers' Sam Arkell and Hunter Higgins, the three-storey building located at 38 Southgate Avenue, Cannon Hill, was acquired by Natgen from Trilogy Funds.
The high-quality asset comprises 3,493 sqm of net lettable area on a 2,054 sqm site, and is fully leased to a strong tenant mix including Compass Group, Orica Australia, and Mindray Medical. The building features a 5.0-star NABERS rating, adaptable floor plates, and 81 car bays.
MAROOCHYDORE - $12 million
Sunshine Coast-based Devcon Property Group has acquired one of Maroochydore’s most prominent development sites for $12,000,000, unlocking the potential for a 37.5-metre high mixed-use project with sweeping ocean views in the sought-after Cotton Tree precinct.
The 4,178sqm site at 41–43 Aerodrome Road—well known as the former home to one of Australia’s last Sizzler restaurants—was sold via an off-market Expressions of Interest campaign by Colliers’ Sunshine Coast experts Nick Dowling and Baydn Dodds. More than 70 targeted buyer groups were approached, resulting in multiple competitive offers for the property, which was sold on behalf of private owners.
Devcon Property Group Managing Director Michael Kain said the acquisition was a strategic move in line with the company’s focus on delivering high-quality projects in prime coastal locations.
LOTA - $7.45 million
On behalf of Clarence Property, Stonebridge Property Group is pleased to announce the successful off-market sale of Guardian Childcare Lota, a newly developed childcare centre located in Brisbane’s bayside, 24km east of the CBD.
The asset sold for $7,450,000, reflecting a 5.04% yield, and sets a new benchmark for development-grade childcare investments in Brisbane - just weeks after Stonebridge established the previous benchmark with the $10 million sale of Imagine Childcare Collingwood Park, transacted in July as part of a National Portfolio campaign.
The Lota property was acquired by a first-time commercial property investor, sourced via Stonebridge’s Asia Practice network, demonstrating the continued appeal of high-quality, income-producing childcare assets among emerging investor groups.
Completed and opened just four months ago, Guardian Lota represents a high-quality, purpose-built childcare facility underpinned by a 15-year lease to Guardian Childcare, one of Australia’s leading childcare operators across 170+ centres.
Victoria
MITCHAM - $3.5 million
Stonebridge Property Group has sold the BP Mitcham Service Station at 240–244 Mitcham Road for $3.5 million in an off-market deal to an Asian-based fuel operator, achieving a sharp 4.08% yield.
With four years remaining on the lease to a BP franchisee, the purchaser was attracted to the site’s goodwill, improvements, and repositioning potential. Kevin Tong of Stonebridge Asia Practice said fuel operators are aggressively targeting short WALE service stations to unlock future upside.
The sale follows the $11.07 million EG Keysborough transaction, with Stonebridge noting growing buyer activity across the fuel and convenience sector, supported by easing interest rates.
NORTHCOTE - $1.367 million
Jones Real Estate has sold 296 High Street, Northcote, after strong buyer competition in one of Melbourne’s most vibrant retail precincts. The campaign, led by Luke Peric and Caleb Marchbank, generated 175 enquiries, 12 inspections, and three registered bidders.
The double-storey freehold sits on a 249sqm landholding with dual frontage to High Street and Fredrick Street. Offered with vacant possession under Commercial 1 zoning, it appealed to owner-occupiers seeking flexibility, high foot traffic, and Northcote’s low vacancy rates.
With 5.5 metres of prime frontage and proximity to Coles, Aldi, Chemist Warehouse, and popular local operators, the property’s result highlights the ongoing demand for tightly held freeholds in Melbourne’s inner north.
MITCHAM - $3.5 million
Stonebridge Property Group has sold the BP Mitcham Service Station at 240–244 Mitcham Road for $3.5 million in an off-market deal to an Asian-based fuel operator, achieving a sharp 4.08% yield.
With four years remaining on the lease to a BP franchisee, the purchaser was attracted to the site’s goodwill, improvements, and repositioning potential. Kevin Tong of Stonebridge Asia Practice said fuel operators are aggressively targeting short WALE service stations to unlock future upside.
The sale follows the $11.07 million EG Keysborough transaction, with Stonebridge noting growing buyer activity across the fuel and convenience sector, supported by easing interest rates.
NORTHCOTE - $1.367 million
Jones Real Estate has sold 296 High Street, Northcote, after strong buyer competition in one of Melbourne’s most vibrant retail precincts. The campaign, led by Luke Peric and Caleb Marchbank, generated 175 enquiries, 12 inspections, and three registered bidders.
The double-storey freehold sits on a 249sqm landholding with dual frontage to High Street and Fredrick Street. Offered with vacant possession under Commercial 1 zoning, it appealed to owner-occupiers seeking flexibility, high foot traffic, and Northcote’s low vacancy rates.
With 5.5 metres of prime frontage and proximity to Coles, Aldi, Chemist Warehouse, and popular local operators, the property’s result highlights the ongoing demand for tightly held freeholds in Melbourne’s inner north.
