NEW SOUTH WALES
GRANVILLE - $9.5 MILLION
The service station and commercial property at 27–33 Woodville Road, Granville has sold for $9.5 million, reflecting a 3.54% yield following strong interest from local, interstate and international buyers.
Occupying a 3,553sqm landholding, the property comprises an established Budget Petrol service station alongside a two-level commercial warehouse and office building. The investment generates $336,465 in annual net income when fully leased, with the service station secured by a four-year lease. The prominent site benefits from multiple street frontages and proximity to major arterial roads, including the M4 Motorway.
The deal was negotiated by Robert Dowdy of CBRE.
CESSNOCK - $6.9 MILLION
The Vincent Street Medical Centre at 275 Vincent Street, Cessnock has sold for $6.9 million to a Wollongong-based investor, reflecting a 6.33% passing net yield following a competitive Expressions of Interest campaign that attracted 111 enquiries.
Occupying a 4,249sqm landholding, the purpose-built healthcare facility comprises 1,018sqm of net lettable area and 42 car spaces. Completed in 2021, the centre is 100% leased to All Ways Health and Chemist Discount Centre Cessnock, generating $436,556 in annual net income with a weighted average lease expiry of 8.4 years.
The deal was negotiated by Brent Sinclair of Knight Frank.
VICTORIA
RICHMOND - $2.15 MILLION
The commercial property at 190–192 Church Street, Richmond has sold for $2.15 million, highlighting continued demand for well-positioned city-fringe assets with future occupancy potential.
Occupying a 490sqm triple-fronted landholding, the property comprises a 325sqm brick showroom and warehouse with approximately 65 metres of combined street frontage. Leased to two tenants, the asset offers potential owner-occupation from January 2027 and is positioned metres from the $220 million Richmond Quarter development.
The deal was negotiated by Shane Mills and David Bourke of Fitzroys.
RICHMOND - $1.888 MILLION
The industrial freehold at 10–14 Yarra Street, Richmond has sold under the hammer for $1.888 million, achieving $188,000 above reserve following competitive bidding from owner-occupiers.
Occupying a 314sqm landholding with a prominent 19-metre street frontage, the vacant property was purchased by a buyer considering subdivision, partial owner-occupation and leasing of the remaining space. The sale follows more than 16 years of ownership by a local land banker, reinforcing demand for flexible industrial assets within Melbourne's tightly held inner-city precincts.
The deal was negotiated by Mark Talbot and Shane Mills of Fitzroys.
RICHMOND - $1.4 MILLION
The industrial warehouse at 11 Prince Patrick Street, Richmond has sold for $1.4 million, with the recently settled transaction attracting competitive interest from owner-occupiers.
The property comprises a 170sqm warehouse on a 228sqm landholding, positioned close to Richmond's established commercial and hospitality precincts. The purchaser is relocating from within approximately one kilometre of the property, highlighting continued demand from local businesses seeking well-connected inner-city premises.
The deal was negotiated by Mark Talbot and Shane Mills of Fitzroys.
QUEENSLAND
LOGAN RESERVE - $8.3 MILLION
The residential development site at 1–17 Pelham Street, Logan Reserve has sold for $8.3 million to residential developer Ausbuild, following an invitation-only, off-market Expressions of Interest campaign that attracted seven offers.
Occupying a 2.02-hectare landholding, the property has been acquired for a proposed 37-home residential community, with development plans lodged by the purchaser. Positioned within South East Queensland's rapidly expanding Logan corridor, the transaction highlights strong competition for residential development land amid population growth and increasing housing demand.
The deal was negotiated by Adam Rubie and Kristian Brymora of Colliers.
WESTERN AUSTRALIA
CLARKSON - $50.3 MILLION
The Lifestyle Zone Ocean Keys large-format retail centre at 61 Key Largo Drive, Clarkson has sold for $50.3 million to an Adelaide-based private investor, reflecting a 7.00% passing yield following a competitive off-market campaign.
Occupying a 32,387sqm landholding, the fully occupied centre comprises 14,041sqm of retail accommodation, with national tenants including Club Lime, Dave & Buster's, Petbarn, Supercheap Auto and Bridgestone. The investment benefits from a 5.3-year weighted average lease expiry, with 77% of gross tenant income secured to national and multi-site operators, reinforcing demand for large-format retail assets in Perth's northern growth corridor.
The deal was negotiated by James Sherley, Lachlan Andrew, Beau Coulter, Chloe Mason and James Douglas of CBRE.
COMO - $14 MILLION
The iconic Mount Henry Tavern at 176 Lockhart Street, Como has sold for $14 million to Western Australian hospitality operator LocalsCo, marking the state's largest walk-in, walk-out tavern transaction since 2023.
Occupying an 11,299sqm landholding with four street frontages, the property sits less than eight kilometres from the Perth CBD within the Canning Bridge Activity Centre precinct. The site offers future mixed-use redevelopment potential of up to 10 storeys, with discretionary height concessions subject to approval. The acquisition marks LocalsCo's eighth hospitality venue in Western Australia, with the business component's price remaining confidential.
The off-market transaction was negotiated by Chloe Mason of CBRE.
