New South Wales
NEWPORT - $16.01 million
Stonebridge has sold Saltwater Preschool Newport on Sydney’s Northern Beaches for $16,011,000, reflecting a sharp 4.37% yield. The campaign, led by Michael Collins, Brett O’Neill, Tom Moreland, and Kevin Tong, attracted strong demand, setting a national record of $181,943 per licensed place.
The 88-place, 2,387 sqm centre was acquired by a private North Queensland investor, underscoring the depth of Stonebridge’s buyer pool.
Completed in 2025, the Hawaiian-inspired facility is secured by a brand-new 20-year triple net lease to Saltwater Preschool, a leading operator with a 66% market share north of Mona Vale and a waitlist of 400+.
ASHFIELD - $5.45 million
A co-living investment in Sydney’s inner west has been sold ahead of a scheduled auction following strong buyer interest from both local and overseas investors.
The property at 30 Chandos Street in Ashfield consists of a recently renovated block of 19 self-contained studio apartments over two levels, with secure parking for four vehicles. The block sits on a 733 sqm site.
It was purchased by a high-net-worth local for $5.45 million in a deal negotiated by Knight Frank agents Anthony Pirrottina, Demi Carigliano and Shirley Fan.
The block of units sold within two weeks of hitting the market, weeks ahead of a scheduled auction.
Victoria
TRUGANINA - $15.05 million
A prime industrial facility in Truganina has been sold to an owner-occupier, reinforcing strong demand for large-scale infill sites in Melbourne’s western industrial market. The 11,608 sqm corner site on Dohertys Road features a 4,508 sqm prime-grade facility with 39% site coverage and 4,850 sqm of hardstand, offering both operational efficiency and future expansion potential.
Adding to its appeal, 8.6% of the property is leased to Prison Break Café on a five-year lease expiring in 2029, generating $24,000 per annum with fixed 3% annual increases.
The deal, managed by AND Property’s Ricardo Cappelletti and Ben Quennell, demonstrates the continued appetite from owner-occupiers and investors alike to secure rare, strategically positioned assets within Melbourne’s tightly held growth corridors.
CHELTENHAM - $14.75 million
A major office/warehouse facility at 19 Hewitt Street, Cheltenham, has sold off-market for $14.75 million, underscoring the strong demand for quality industrial assets in Melbourne’s south-east. The property spans 12,300 sqm of land with 4,000 sqm of built space, positioned within one of the last significant Industrial 1-zoned landholdings in the tightly held Cheltenham precinct.
The transaction was facilitated by James Davie of DBRE, together with Colliers’ Gordon Code and James Stott, who aligned a motivated local vendor with a national owner-occupier purchaser. The vendor opted to sell in order to recycle capital into other business interests, while the purchaser was drawn to the site’s low site coverage, fire sprinkler system, and expansion potential.
Despite broader softening in Melbourne’s industrial market, Bayside continues to experience record-low vacancy, with an effective rate of just 0.2%. This scarcity has heightened competition for assets like 19 Hewitt Street, cementing its appeal as a rare long-term opportunity.
BROADMEADOWS - $8.5 million
A substantial corner office property at 16–22 Pearcedale Parade, Broadmeadows, has sold for $8.5 million after just 20 days on the market, in a deal managed by Colliers’ Alex Browne, Travis Keenan, and Ben Baines. The asset was secured on a short settlement by a not-for-profit owner-occupier, who submitted a strong pre-EOI offer.
The 4,694 sqm site sits within the Broadmeadows Major Activity Centre, surrounded by key government and institutional neighbours including VicRoads, Victoria Police, Hume City Council, and Northern Health Hospital. It also benefits from proximity to Broadmeadows Train Station and Broadmeadows Central.
Comprising a 2,185 sqm office building with dual frontage to Pearcedale Parade and Dimboola Road, the property offers a fitted office with open-plan areas, multiple meeting rooms, secure parking for 40 cars, and an outdoor terrace, providing significant flexibility under Commercial 1 zoning.
WYNDHAM VALE - Undisclosed
Colliers has successfully transacted the off-market sale of 2 Hirata Boulevard and 462 Ballan Road, Wyndham Vale, with Associate Director Jake Beckwith and Retail Middle Markets Executive Will Heffernan acting on behalf of the vendor. The purchaser remains undisclosed, with settlement scheduled for August.
The 2.15-hectare site was previously marketed in 2022 via an EOI campaign but failed to secure a buyer. In early 2025, Colliers re-engaged the vendor and introduced a qualified purchaser, leveraging its in-house Engineering & Design and Traffic Management teams to overcome key site challenges and deliver an unconditional outcome.
The acquisition provides the purchaser with a prominent mixed-use zoned landholding across two titles, supporting plans for a premium Large Format Retail development of up to 11,000 sqm in one of Wyndham Vale’s fastest-growing corridors.
Western Australia
GERALDTON - $10.2 million
An off-market transaction at 1 Fortyn Court, Mahomets Flats (Geraldton), has been finalised for $10.2 million, reflecting a 6.46% yield. The deal was managed by Realmark's Fletcher Wolpers and Michael Richardson.
The 6,218 sqm retail centre, completed in 2020, comprises six tenancies and is anchored by major national brands including Hungry Jack’s, Metro Petroleum, Chicken Treat, Domino’s, and Ultra Tune. With a WALE of more than seven years, the property provides long-term income security underpinned by strong tenant covenants.
Michael Richardson said the result demonstrates investors’ focus on tenant quality and tenure. He added that Geraldton’s well-developed centre, delivered by M Group and supported by multiple national leases, will help safeguard the asset’s long-term value.
South Australia
NORWOOD - $1.8 million
A character office building at 39 Beulah Road, Norwood, has sold at auction for $1.8 million after a highly competitive campaign led by Colliers’ Rhys Newman and Alistair Mackie, highlighting the scarcity of opportunities in Adelaide’s tightly held inner-east.
The 196 sqm building sits on a 540 sqm site with dual street access, six on-site car parks, and no heritage listing, providing future value-add potential. It is leased to BRB Partners Pty Ltd until November 2026, generating an annual income of $40,526.
The property was ultimately secured by a medical professional who plans to occupy the building in the medium to long term.
