New South Wales
PARRAMATTA - $82 million
In a landmark transaction for Western Sydney’s commercial property market, 10 Smith Street, Parramatta, has sold for $82 million, marking the latest and final piece in a 15-year series of major sales across the same city block. John McCann, National Director of Capital Markets at Colliers, has been part of each of the transactions of the block.
The eleven-level, 5-Star NABERS Energy-rated A-Grade office tower is one of Parramatta’s most comprehensively refurbished commercial assets. With a net lettable area of 13,368.9sqm, 165 car spaces, and a strong mix of government and corporate tenants, the building stands out for its quality, amenity, and resilience in a competitive leasing market.
Located adjacent to Parramatta Square and within walking distance of the ferry wharf, Westfield, and the rail and bus interchange, 10 Smith Street also offers long-term development potential. With a current FSR of 3.6:1 and zoning that permits up to 6:1, the site is well-positioned for future high-rise redevelopment (STCA).
SEVEN HILLS - $64.71 million
Colliers Retail Middle Markets, on behalf of HMC Capital’s HomeCo Daily Needs REIT (HDN), announced the off-market sale of Bunnings Warehouse Seven Hills for $64.71 million for a benchmark yield of 4.725%. The sale was negotiated in an off-market EOI by Colliers' James Wilson and Ben Wilkinson.
This transaction marks the largest single-asset Bunnings Warehouse sale nationally since 2022 and the first single-asset Sydney metropolitan Bunnings transaction in four years. It also represents the sharpest Bunnings Warehouse yield reported since 2022. The sale to a group of high-net-worth private investors underscores pent-up demand for metropolitan Bunnings assets, with no publicly marketed Sydney campaigns since 2015.
Located in Western Sydney, Bunnings Seven Hills offers secure, long-term cash flow underpinned by one of Australia’s most trusted retail brands. The asset transacted at a capital value of $4,815/m², reinforcing investor confidence in the Bunnings covenant and the broader daily needs retail sector.
CONCORD - $7.4 million
An owner-occupier has purchased the freehold property at 108-110 Majors Bay Road, Concord, for $7.4 million through Burgess Rawson from CBRE agents Kieran Bourke, Andre Taouil, and Luke Easton. Mr Bourke said they received 95 enquiries during the campaign, with the result reflecting the strong appetite for tightly held inner west assets with significant development upside.
The 651 sqm freehold site is located in the heart of Concord's established retail and commercial precinct along Majors Bay Road.
The property features 15 metres of frontage to Majors Bay Road and was previously home to Fratelli & Co Italian eatery, reflecting the strip's strong dining and retail culture.
Queensland
MORAYFIELD - $24.625 million
Colliers and JLL have successfully transacted Morayfield Village, a large-format retail centre strategically located in one of Brisbane’s busiest retail precincts, 46km north of the CBD in the City of Moreton Bay.
The sale was completed on behalf of Gordon Corp, with the property acquired by a private Sydney-based investor for $24,625,000, reflecting a passing yield of 6.87%.
Morayfield Village comprises 6,916sqm of large-format retail and convenience space and occupies a prominent corner site at 177–189 Morayfield Road, Morayfield. The centre is anchored by nationally recognised tenants including Repco, Mr Toys Toyworld, and Choice The Discount Store, and is complemented by eight specialty retailers. With a 96% occupancy rate and a WALE of 5.58 years by income, the asset offers a secure and stable income profile.
The deal was handled by Colliers' Harry Dever and James Wilson, in conjunction with JLL's Jacob Swan and Ned McKendry.
SPRING HILL - $1.759 million
A historic church site in Brisbane’s tightly held Spring Hill precinct has sold under the hammer to the Singh family for $1,759,000 following a hotly contested auction that saw multiple bidders vying for the prominent site located across from the Roma Street Parklands.
Designed by renowned architects Conrad & Gargett and constructed in 1957, the former St Alban Liberal Catholic Church, located at 351 Wickham Terrace, Spring Hill, was transacted by Colliers Investment Services experts Hunter Higgins and Luke Hawkins. Featuring traditional solid red brick architecture complemented by terracotta roofing, the 384sqm two-level vacant property sits in one of the city’s most tightly held medical and commercial precincts.
Victoria
EPPING - $20 million
A mixed-use property in Epping has been sold to a private investor for $20 million, representing a 4.98% yield on the passing income.
This transaction of the property at 41-53 Miller Street was facilitated by CBRE’s Joe Brzezek, Josh Deluca, David Minty, and Andrew Bell.
The property comprises a significant 10,046sqm mixed-use leisure centre, with multiple tenants and anchored by YMCA Victoria, a not-for-profit organisation that provides a wide range of community programs and services.
Strategically located on 2.8 hectares of Activity Centre Zoned land, the site offers excellent accessibility and is just moments from the popular Pacific Epping shopping centre.
