New South Wales
SYDNEY - $193 million
A portfolio of logistics assets at 63 Jedda Road, Prestons and 78 Templar Road, Erskine Park has sold for a combined $193 million, highlighting continued institutional demand for premium Sydney industrial assets.
The portfolio comprises 44,980sqm of modern warehouse space, fully leased to national and global tenants, providing secure income with remaining lease terms of 9.6 years and 3.5 years respectively.
The deal was negotiated by Tony Iuliano, Adrian Rowse, Chris Jones and Nils Gaha of Cushman & Wakefield.
CORRIMAL - $3.8 million
EG Ampol Corrimal at 275 Princes Highway, Corrimal has sold for $3.8 million, reflecting a 6.09% yield.
The strategic highway convenience retail asset is secured by a long-standing lease to EG Group, one of the world's largest fuel and convenience operators, and occupies a prominent corner position opposite the Woolworths and Dan Murphy's-anchored Corrimal Village Shopping Mall.
The deal was negotiated by Yosh Mendis, Sam Mulcahy and Hamish Grant of CBRE.
Queensland
GRIFFIN - $7.7 million
A Goodstart Early Learning childcare freehold at 60 Wesley Road, Griffin has sold for $7.7 million, reflecting a 5.30% yield.
The purpose-built 110-place childcare centre, completed in 2021 on a 2,405sqm site, is secured by a 15-year net lease to Goodstart Early Learning with options extending to 2055, attracting more than 135 enquiries during the campaign.
The deal was negotiated by Tom Moreland, Michael Collins, Thomas Proberts and James Freemantle of Stonebridge Property Group.
BOWEN HILLS - $4.052 million
A landmark heritage office asset at 33 Brookes Street,Bowen Hills has sold for $4.052million, with local developer MillenniumBrookes Pty Ltd securing the property amid strong buyer competition.
Known as Ardrossan Hall, the 706sqm building on a 559sqm site attracted more than 110enquiries, with buyers drawn to its heritage character,development flexibility and strategic position within the Bowen Hills PriorityDevelopment Area ahead of Brisbane's Olympic-led transformation.
The deal was negotiated by Hunter Higgins and Brendan Hoganof Colliers, together with John Shepherd of Gallus Partners.
NUNDAH - $2.3 million
A freestanding commercial property at 1264 Sandgate Road, Nundah has sold for $2.3 million, reflecting a 5.48% yield following a competitive Expressions of Interest campaign.
The two-level 456sqm building, fully leased to Headspace until 2027, attracted 45 enquiries from local and interstate buyers seeking secure income backed by a government-funded healthcare tenant.
The deal was negotiated by Jacob Heinke and Hayden Ryan of Knight Frank.
Australian Capital Territory
BARTON - $25.125 million
The office asset at 42 Macquarie Street, Barton has sold for $25.125 million, reinforcing investor demand for high-quality office investments within Canberra’s tightly held Parliamentary precinct.
The 4,035sqm building, enhanced by more than $3.24 million in recent capital upgrades, benefits from a diversified tenancy profile including the Embassies of Korea and Peru, professional services firms and Commonwealth Government contractors.
The deal was negotiated by JLL's Mitch Frail and Tim Mutton in conjunction with Collier's Matthew Meynell and Matthew Winter.
Western Australia
EAST PERTH - $10 million
A government-leased office building at 149 Wittenoom Street, East Perth has sold for $10 million to a private investor.
The five-storey A-grade asset comprises 2,422sqm of net lettable area and is primarily leased to the Western Australian Department of Corrective Services, providing secure income supported by a 4.74-year WALE.
The deal was negotiated by Tony Delich and Zach Schreier of Knight Frank.
Victoria
CRAIGIEBURN - price undisclosed
The Early Foundation Childcare Centre at 9–11 Hanson Road, Craigieburn has sold within four weeks of launch, highlighting continued demand for quality childcare investments despite challenging market conditions across Victoria.
The brand-new centre occupies a 1,609sqm site, is licensed for 80 childcare places, and was offered with a new 15-year net lease, generating $328,000 per annum net income. The campaign attracted more than 100 buyer groups and multiple unconditional offers from domestic and international investors.
The deal was negotiated by Vincent Lam, Paul Jones and Luke Peric of Jones Real Estate.
