New South Wales
POTTS POINT - $31.5 million
The Sydney Potts Point Central Apartment Hotel has been acquired for $31.5 million by global multi-manager BGO Strategic Capital Partners and the Sydney-based Hotel Capital Partners.
CBRE’s Hotels and Capital Markets teams negotiated the sale, which settled this week and will result in the art deco building being convert into co-living accommodation.
The deal represents Australia’s largest brokered strata amalgamation deal since the pandemic, comprising 73 individual lots.
The 4-star hotel comprises 70 serviced apartments at an average of 23 sqm, a ground-floor food & beverage outlet and a rooftop public amenity offering expansive views of Sydney’s CBD.
The planned co-living facility will be managed by UKO, Australia’s largest co-living operator.
TAREE - $28.5 million
The City of Newcastle has acquired the Bunnings Taree property for $28.15 million, delivering a yield of approximately 5.0%. The asset was sold by Charter Hall through an On-Market Expressions of Interest campaign managed exclusively by JLL’s Sebastian Fahey, David Mahood, and Nick Willis.
Bunnings’ yields have historically tracked closely to 10-year treasury bonds, maintaining a five-year average spread of 225 basis points. The property includes a new 10-year net lease to Bunnings, with further options extending to 2082, and sits on a 38,210sqm site in Taree’s growing northern corridor.
The purchase, made via the City of Newcastle’s Future Fund, aims to provide long-term financial sustainability and community benefit through reliable income. The City was advised by Matt Kearney, National Director of Capital Markets at Commercial Collective.
KINCUMBER - $3.8 million
Roshana Care, a WA-based aged care service provider, has acquired a vacant aged care home in Kincumber on the NSW Central Coast for $3.8 million.
CBRE’s Australian Healthcare and Social Infrastructure team of Marcello Caspani-Muto, Sandro Peluso and Jimmy Tat managed the sale of 1A Scaysbrook Drive via a competitive expressions of interest campaign with three aged care owner occupiers competing for the asset.
The 30-year-old asset is located at the centre of Keytones Brentwood Village and was last operated by Aurrum Aged Care in 2021.
Queensland
COOLUM BEACH - $10.31 million
A boutique industrial development at 86 Quanda Road, Coolum Beach has officially sold out off the plan, with all six units purchased prior to completion and titles, achieving a combined sales result of $10,317,750.
Marketed by Tallon Pamenter of RWC Noosa & Sunshine Coast, the complex was designed with a strong focus on end-user functionality.
The units attracted both owner-occupiers and savvy investors from a wide range of industries including e-commerce, pharmaceutical, light manufacturing, and showroom-based businesses.
EAGLE FARM - $10 million
A private investor has acquired 340 Curtin Avenue West, Eagle Farm for $10 million in a significant off-market sale in the TradeCoast region.
CBRE's Braiden Farrer negotiated the transaction and said the purchaser was a prominent landowner in the area.
The 8,240sqm landholding with a 1,706 sqm building, is leased to Coates Hire, with a weighted average lease expiry (WALE) of 3.5 years and a net yield of 4.5%.
Mr Farrer noted the sale was a prime example of the growing demand for commercial property in the TradeCoast region, an area poised for significant growth and development.
OXLEY - $9.5 million
Stonebridge Property Group has announced the successful sale of Officeworks Oxley, at 2247 Ipswich Road.
The Officeworks outlet sits 10km west of the Brisbane CBD on a 2,783 sqm site and has occupied the property for over 20 years. Officeworks recently committed to a renewed 7-year lease term through to 2031, plus options to 2051.
Following a comprehensive national marketing campaign, the investment received 215 enquiries and eight formal offers.
The property sold unconditionally for $9,500,000, achieving a strong 5.38% yield, with Stonebridge's Michael Collins, Tom Moreland, Kevin Tong and James Freemantle negotiating the sale.
PINES POINT - $8.1 million
A private investor has purchased the fully leased Pines Point Shopping Centre in Pacific Pines on Queensland’s Gold Coast for $8.1 million.
The transaction was negotiated by Burgess Rawson’s Andrew Havig and Josh Scapolan, who said the property attracted outstanding interest from a wide pool of buyers.
Mr Havig said more than 150 enquiries and six formal offers were submitted, reflecting the strength of demand for quality retail centres in key growth corridors.
Constructed in 2012, the property includes 52 on-site car parks and offers strong depreciation benefits. It is anchored by a diverse mix of longstanding tenants including Domino’s, Coronis Real Estate, Sandy’s Bar & Grill and Pure Aqua Pool Care. All leases are on net terms with fixed annual increases ranging from 2.75% to 4%, generating a current net income of $535,706 per annum (as of May 2025).
Western Australia
WELSHPOOL - $7.5 million
A private investor has acquired an industrial property at 99-101 Dowd Street, Welshpool for $7.5 million. The off-market deal was negotiated by Cushman & Wakefield's Andrew Fife and Nick Goodridge.
Situated in one of the country’s most tightly held industrial precincts, the property comprises a freestanding office and workshop facility on a 7,659sqm freehold site. The total gross building area spans 3,541 sqm, offering a valuable footprint in a high-demand location.
The asset is fully leased to PTE Group, a leader in vehicle fabrication and fit-out services, generating $428,228 in annual net income.
