QUEENSLAND
SOUTH BRISBANE – $255 million
The prime-grade office and retail complex Southpoint at 275 Grey Street, South Brisbane has exchanged contracts for $255 million, with LDR Capital, the real estate investment arm of the Lederer Group, acquiring the asset for its new LDR Grey Street Fund.
The fully occupied South Bank asset has an eight-year WALE and is home to the global headquarters of Flight Centre Travel Group and Virgin Australia, with Flight Centre committed to a new 10-year lease from October 2026. The tower also sits above retail anchored by Woolworths Metro, McDonald’s and TerryWhite Chemmart, with the acquisition reflecting an 8.0% capitalisation rate.
The deal was negotiated by Peter Chapple and Bruce Baker of CBRE, together with Seb Turnbull and Ben Schubert of Savills.
UNDERWOOD – $62.5 million
Underwood Marketplace at 3215 Logan Road, Underwood has sold for $62.5 million to Mintus, following a highly competitive campaign that highlighted continued investor demand for established sub-regional retail assets across Queensland.
The centre spans 13,828sqm of GLA across a 4.08-hectare site and is anchored by Woolworths and Big W, which together occupy approximately 70% of the centre, alongside 50 specialty tenancies including Priceline Pharmacy, The Coffee Club, Domino’s and Australia Post. The campaign generated 132 enquiries and 11 bids, with Mintus planning a refurbishment and strategic leasing program to reposition the centre.
The deal was negotiated by Michael Hedger and Joe Tynan of CBRE.
NEWSTEAD – $27.5 million
The large-format retail precinct at 3 Montpelier Road, Newstead has sold for $27.5 million to a Queensland-based private investor, highlighting continued demand for tightly held retail assets in Brisbane’s inner-city market.
The fully leased 3,397sqm precinct, positioned on a 5,141sqm corner site, comprises six tenancies anchored by Beaumont Tiles and Highgrove Bathrooms. Generating approximately $1.27 million in annual net income, the property sold on a 4.63% yield and also offers longer-term redevelopment potential through its mixed-use zoning and demolition clauses within the existing leases.
The deal was negotiated jointly by RWC Retail, MP Commercial and Ray White Special Projects QLD.
AUCHENFLOWER – $12.2 million
The former Toowong Private Hospital at 496 Milton Road, Auchenflower has sold for $12.2 million to Carbon Property Group, following a competitive Expressions of Interest campaign that attracted interest from developers, healthcare operators and investors.
The 5,835sqm inner-city site, located approximately four kilometres from the Brisbane CBD, was sold with vacant possession and comprises three existing buildings. Zoned Low-Medium Density Residential (LMR2), the property offers significant redevelopment potential for apartments, townhouses, retirement living, residential care or healthcare uses (STCA).
The deal was negotiated by Troy Linnane, Brendan Hogan and Chris O'Driscoll of Colliers on behalf of the liquidators, EY Parthenon.
HAMILTON – $8 million
The development site at 5 Hercules Street, Hamilton has sold off-market for $8 million to Brisbane-based private investor Steve Urquhart, expanding his strategic landholding within the Northshore Hamilton Priority Development Area.
The acquisition follows Urquhart’s earlier $17 million purchase of adjoining 9 Hercules Street, bringing the combined 3,223sqm landholding to a total acquisition value of $25 million. Together, the sites are approved for a 189-apartment high-rise development, while 5 Hercules Street will initially be activated as the new Hamilton Markets.
The deal was negotiated by Morgan Ruig and Jack Neumann of Cushman & Wakefield.
NEW SOUTH WALES
SURRY HILLS & NEWTOWN - $91 million
Two landmark Sydney pubs, The Clock Hotel in Surry Hills and The Bank Hotel in Newtown, have exchanged contracts in a $91 million portfolio transaction, with Australian Venue Co (AVC) acquiring the venues in partnership with a private freehold property investor.
The transaction brings an end to long-term ownership of both properties, with The Clock held for 23 years and The Bank for 14 years. Both occupy prominent inner-Sydney locations, with The Clock positioned on Crown Street near Central Station and The Bank directly opposite Newtown Station. The Clock component also represents the largest Australian sale recorded for a food and beverage-focused pub with minimal gaming and no accommodation.
The deal was negotiated by John Musca, Ben McDonald and Kate MacDonald of JLL Hotels & Hospitality Group.
VINEYARD – $66.8 million
McGraths Hill Home at 10 Industry Road, Vineyard has sold for $66.8 million to Sydney-based investment company Centennial, highlighting continued investor demand for tightly held large-format retail assets.
The centre occupies a substantial 37,840sqm site in Sydney’s north-west growth corridor and is anchored by major retailers including Bunnings Warehouse and Harvey Norman. Acquired from Stirling Property Funds Management on a 5.6% yield, the transaction represents only the fourth metropolitan Sydney large-format retail sale in the past five years, with the site also offering longer-term development potential (STCA).
The deal was negotiated by James Douglas of CBRE.
PORT MACQUARIE - PRICE UNDISCLOSED
The Macquarie Barracks Motor Inn at 103 Hastings River Drive, Port Macquarie has sold to experienced pub owner Alistair Flower, expanding his hospitality interests alongside the adjoining Settlers Inn.
The 37-room, four-star motel forms part of a combined hospitality and accommodation precinct spanning approximately 3.5 acres. The acquisition provides Flower with an established accommodation operation reporting occupancy above 70% for many years, while offering further upside through the potential conversion of the existing residence into additional rooms.
The deal was negotiated by Malcolm Mathie and Ray Larkin of Manenti Quinlan & Associates (MQ & Associates).
CAMDEN - PRICE UNDISCLOSED
The iconic Crown Hotel in Camden has sold off-market for the first time in 30 years, highlighting continued demand for established hospitality assets across Sydney’s rapidly growing south-west corridor.
The multi-faceted hotel generates approximately $110,000 in weekly revenue and includes 20 motel rooms and 24 gaming machine entitlements, with the kitchen currently operating under a lease agreement. The purchaser was attracted to the established operation, potential to enhance the food and gaming offering, and Camden’s strong population and infrastructure growth.
The deal was negotiated by Edward Browne and James Smithers of JLL Hotels & Hospitality.
LILYFIELD – PRICE UNDISCLOSED
The Orange Grove Hotel at 305–311 Balmain Road, Lilyfield has sold following a competitive Expressions of Interest campaign, highlighting continued investor demand for well-located metropolitan hospitality assets across Sydney’s Inner West.
The freehold going concern occupies a prominent 934sqm corner site and features a sports bar, bistro, bottleshop, 12 gaming machines and 12 accommodation rooms, together with an on-site manager’s residence. Positioned near Leichhardt Oval and minutes from the Sydney CBD, the property offers established trading income alongside underlying land value and longer-term value-add potential.
The deal was negotiated by Leon Alaban and Drew Mitchell of Savills Hotels & Hospitality.
VICTORIA
REGIONAL VICTORIA – $38 million
A four-property Motus automotive dealership portfolio across Traralgon and Leongatha has completed its sell-down for a combined $38 million, highlighting continued investor demand for purpose-built automotive assets backed by secure income and substantial underlying landholdings.
The portfolio comprised four dealership investments and achieved a blended yield of 6.51%. The largest asset at 5567 Princes Highway, Traralgon sold for $23.5 million, while properties at 5533 and 5535 Princes Highway sold for $5.4 million and $5.6 million respectively. The final asset at 6–8 Koonwarra Road, Leongatha changed hands for $3.5 million.
The deals were negotiated by Rorey James and Kevin Tong of Stonebridge Property Group, together with Ben Wilson, Emma Dune and Emily Whitty of Wilson Property.
BAYSIDE – $5.985 million
A portfolio of three standalone industrial properties in Melbourne’s bayside industrial precinct has sold for a combined $5.985 million to a private developer and investor, highlighting continued demand for strategic infill industrial opportunities across Melbourne’s south-east.
The portfolio attracted more than 65 enquiries through a competitive Expressions of Interest campaign, with interest from investors, owner-occupiers and developers. The purchaser was drawn to the properties’ scale, exposure and long-term redevelopment potential in one of Melbourne’s tightly held industrial markets.
The deal was negotiated by Knight Frank Australia and McHarg Real Estate, with Langton McHarg and Steven Salopek involved in the transaction.
BURWOOD – $2.52 million
The medical investment at 44 Highbury Road, Burwood has sold for $2.52 million following a competitive Expressions of Interest campaign, highlighting continued investor demand for securely leased healthcare assets across Melbourne.
The property is leased to Honeycomb Health on a newly exercised five-year term with six further five-year options and sold on a 5.12% yield. The campaign generated more than 100 enquiries nationally, reflecting strong buyer appetite for medical investments offering secure income and long-term lease protection.
The deal was negotiated by Jeremy Gruzewski and Rod King of Aston.
ARMADALE / PRAHRAN – PRICE UNDISCLOSED
The prominent development site at 565 Orrong Road, Armadale and 693–699 High Street, Prahran has sold to a joint venture between local developers Kervale and Karta Group following a competitive Expressions of Interest campaign.
The 1,280sqm Orrong Corner site occupies a high-profile intersection with more than 72 metres of combined street frontage and currently comprises three retail shops and two residential dwellings providing holding income. An indicative mixed-use scheme prepared for the site comprises 40 apartments and 660sqm of commercial space across eight levels.
The deal was negotiated by Hamish Burgess, Oliver Hay, Daniel Wolman and Leon Ma of Cushman & Wakefield.
SOUTH AUSTRALIA
EDINBURGH – $12.125 million
The modern logistics facility at 75 Kaurna Avenue, Edinburgh has sold for $12.125 million to a private investor following a highly competitive Expressions of Interest campaign, highlighting continued demand for quality industrial investments across Adelaide’s northern corridor.
The 6,767sqm facility, positioned on a 15,734sqm site, was purpose-built in 2021 for national third-party logistics provider M3 Logistics and offers fixed annual rental growth, rental upside and surplus land for future expansion. Located within Edinburgh Park opposite the Coles Distribution Centre, the campaign attracted 105 enquiries, with more than $100 million in unsatisfied underbidder capital.
The deal was negotiated by Matthew Lane and Guy Bennett of Bennett Lane, together with Max Frohlich and Ryan Mills of Knight Frank.
