Western Australia
HIGH WYCOMBE - Undisclosed, Over $7 million
An industrial property at 122 Sultana Road West, High Wycombe, has sold for a price exceeding $7 million plus GST after a short, high-impact Knight Frank campaign that drew more than 150 enquiries and multiple offers. The deal was negotiated by Geoff Thomson and Lachlan Lewis.
Situated in Perth’s eastern corridor near Perth Airport and the Kewdale/Welshpool Intermodal terminal, the 9,277sqm site has less than 20% site coverage, offering significant development potential. Improvements include a 2,175sqm modern office/warehouse facility and 4,400sqm of hardstand.
The property, sold with vacant possession, was acquired by a high-net-worth private investor with nearby holdings. Plans include upgrading the rear yard with drainage and bitumen, with the potential for future owner occupation. Strong competition highlighted ongoing demand for industrial assets, reinforced by Knight Frank’s research showing the sector remains the best-performing commercial asset class.
HIGH WYCOMBE - Undisclosed, Over $7 million
An industrial property at 122 Sultana Road West, High Wycombe, has sold for a price exceeding $7 million plus GST after a short, high-impact Knight Frank campaign that drew more than 150 enquiries and multiple offers. The deal was negotiated by Geoff Thomson and Lachlan Lewis.
Situated in Perth’s eastern corridor near Perth Airport and the Kewdale/Welshpool Intermodal terminal, the 9,277sqm site has less than 20% site coverage, offering significant development potential. Improvements include a 2,175sqm modern office/warehouse facility and 4,400sqm of hardstand.
The property, sold with vacant possession, was acquired by a high-net-worth private investor with nearby holdings. Plans include upgrading the rear yard with drainage and bitumen, with the potential for future owner occupation. Strong competition highlighted ongoing demand for industrial assets, reinforced by Knight Frank’s research showing the sector remains the best-performing commercial asset class.
Victoria
BALWYN NORTH - $6.85 million
Balwyn North Village Arcade at 70 Doncaster Road sold under the hammer for $6.85 million, $1.01 million above reserve, in a highly competitive Colliers-led auction with four bidders and over 30 bids. This underscores the enduring appeal of blue-chip retail assets in Melbourne’s affluent inner-east.
The 1,365sqm free-standing retail centre is home to long-standing tenants, some with over 30 years’ tenure, providing secure income and future rental growth potential. The result reflects a sharp 5.49% yield and strong private capital demand for strategic inner-suburban retail investments.
Colliers’ Alex Browne, Tim McIntosh, and Lucas Soccio said the campaign highlighted significant investor appetite for established retail hubs. With Balwyn North’s prestige, low vacancy rates, and $2.8m median house price, the property’s location further cemented its long-term investment fundamentals.
ABBOTSFORD - $3 million
Stonebridge Property Group has sold 383 Johnston Street, Abbotsford, for $3 million following a competitive on-market campaign that drew over 40 inspections and four formal offers. The property was acquired by a growing local business that will establish its new headquarters on site.
The result achieved a land rate of $4,300/sqm and a building rate of $5,000/sqm, highlighting the strong demand for office/warehouse accommodation in Melbourne’s tightly held city fringe. Vendor confidence was rewarded after a 21-year ownership, capitalising on renewed market momentum.
Stonebridge’s Dylan Kilner said the result reflects an uplift in buyer sentiment, with values stabilising and demand strengthening. The sale also extends Stonebridge’s track record in Abbotsford, having managed seven of the last nine commercial building transactions in the suburb.
BAYSWATER - $2.75 million
Stan Dawidwoski and Jarrod Moran of CVA have sold 11 Holloway Drive, Bayswater, for $2.75 million via a private closing date campaign. The property is leased to Brice Australia, an 80-year-old business, delivering $140,000 per annum net and achieving a 5.09% yield.
The sale drew five formal offers, with investors attracted by the tightly held location, secure tenant covenant, and rental growth potential. Bayswater’s eastern industrial corridor remains one of Melbourne’s strongest-performing markets, with excellent connectivity to Eastlink, Boronia Junction, and key arterials.
CVA’s Stan Dawidwoski said buyers are actively pursuing set-and-forget industrial investments with long-term leases and minimal management risk. He noted that opportunities like this, with a national tenant, new lease, and no Owners Corporation, rarely become available in tightly held precincts.
SHEPPARTON - $2 million
A brand-new Amart store in Shepparton has sold for $9.3 million, just eight months after vendor Cal Doggett of Properties & Pathways acquired the property vacant for $7.25 million, delivering a 28% uplift in value.
Located at 175 Benalla Road, the freestanding large-format retail investment was sold unconditionally with a short settlement to a high-net-worth investor after a competitive EOI campaign. The process, jointly run by Colliers’ Will Heffernan and Tim McIntosh alongside Stonebridge’s Rorey James, Kevin Tong, and Justin Dowers, attracted over 330 enquiries.
The 8,094 sqm site features a brand-new eight-year lease to Amart, with options through to 2057, 130 on-site car parks, and modern fitout. Formerly a vacant Spotlight, the asset was repositioned into a thriving Amart store, reflecting strong LFR demand. Agents noted the deal highlights growing investor appetite for long-WALE retail assets, buoyed by easing interest rate conditions.
COLLINGWOOD - $1.18 million
A tightly held hospitality freehold in the heart of Collingwood’s Smith Street precinct has been sold to a private investor, highlighting the sustained appetite for inner-Melbourne retail assets.
The 181 sqm* property at 354 Smith Street, Collingwood—home to the popular Korean BBQ restaurant Belly Q—was sold as a securely leased investment in a deal brokered by CVA Property Consultants Director – North Eastern Region, Luca Angelico, in conjunction with Buxton’s John Servinis.
Situated just 50 metres from the bustling Smith and Johnston Streets intersection, and surrounded by a strong mix of national retailers and hospitality venues, the property drew interest from a wide range of investors seeking passive income in a high-growth urban location.
BALWYN NORTH - $6.85 million
Balwyn North Village Arcade at 70 Doncaster Road sold under the hammer for $6.85 million, $1.01 million above reserve, in a highly competitive Colliers-led auction with four bidders and over 30 bids. This underscores the enduring appeal of blue-chip retail assets in Melbourne’s affluent inner-east.
The 1,365sqm free-standing retail centre is home to long-standing tenants, some with over 30 years’ tenure, providing secure income and future rental growth potential. The result reflects a sharp 5.49% yield and strong private capital demand for strategic inner-suburban retail investments.
Colliers’ Alex Browne, Tim McIntosh, and Lucas Soccio said the campaign highlighted significant investor appetite for established retail hubs. With Balwyn North’s prestige, low vacancy rates, and $2.8m median house price, the property’s location further cemented its long-term investment fundamentals.
ABBOTSFORD - $3 million
Stonebridge Property Group has sold 383 Johnston Street, Abbotsford, for $3 million following a competitive on-market campaign that drew over 40 inspections and four formal offers. The property was acquired by a growing local business that will establish its new headquarters on site.
The result achieved a land rate of $4,300/sqm and a building rate of $5,000/sqm, highlighting the strong demand for office/warehouse accommodation in Melbourne’s tightly held city fringe. Vendor confidence was rewarded after a 21-year ownership, capitalising on renewed market momentum.
Stonebridge’s Dylan Kilner said the result reflects an uplift in buyer sentiment, with values stabilising and demand strengthening. The sale also extends Stonebridge’s track record in Abbotsford, having managed seven of the last nine commercial building transactions in the suburb.
BAYSWATER - $2.75 million
Stan Dawidwoski and Jarrod Moran of CVA have sold 11 Holloway Drive, Bayswater, for $2.75 million via a private closing date campaign. The property is leased to Brice Australia, an 80-year-old business, delivering $140,000 per annum net and achieving a 5.09% yield.
The sale drew five formal offers, with investors attracted by the tightly held location, secure tenant covenant, and rental growth potential. Bayswater’s eastern industrial corridor remains one of Melbourne’s strongest-performing markets, with excellent connectivity to Eastlink, Boronia Junction, and key arterials.
CVA’s Stan Dawidwoski said buyers are actively pursuing set-and-forget industrial investments with long-term leases and minimal management risk. He noted that opportunities like this, with a national tenant, new lease, and no Owners Corporation, rarely become available in tightly held precincts.
SHEPPARTON - $2 million
A brand-new Amart store in Shepparton has sold for $9.3 million, just eight months after vendor Cal Doggett of Properties & Pathways acquired the property vacant for $7.25 million, delivering a 28% uplift in value.
Located at 175 Benalla Road, the freestanding large-format retail investment was sold unconditionally with a short settlement to a high-net-worth investor after a competitive EOI campaign. The process, jointly run by Colliers’ Will Heffernan and Tim McIntosh alongside Stonebridge’s Rorey James, Kevin Tong, and Justin Dowers, attracted over 330 enquiries.
The 8,094 sqm site features a brand-new eight-year lease to Amart, with options through to 2057, 130 on-site car parks, and modern fitout. Formerly a vacant Spotlight, the asset was repositioned into a thriving Amart store, reflecting strong LFR demand. Agents noted the deal highlights growing investor appetite for long-WALE retail assets, buoyed by easing interest rate conditions.
COLLINGWOOD - $1.18 million
A tightly held hospitality freehold in the heart of Collingwood’s Smith Street precinct has been sold to a private investor, highlighting the sustained appetite for inner-Melbourne retail assets.
The 181 sqm* property at 354 Smith Street, Collingwood—home to the popular Korean BBQ restaurant Belly Q—was sold as a securely leased investment in a deal brokered by CVA Property Consultants Director – North Eastern Region, Luca Angelico, in conjunction with Buxton’s John Servinis.
Situated just 50 metres from the bustling Smith and Johnston Streets intersection, and surrounded by a strong mix of national retailers and hospitality venues, the property drew interest from a wide range of investors seeking passive income in a high-growth urban location.
Queensland
CAIRNS - $5.8 million
A first-time commercial investor has acquired a recently constructed KFC in the Cairns town of Gordonvale for $5.808 million, reflecting a 4.76% yield.
Located at 130 Fisher Road, Gordonvale, the property has a prominent position along the Bruce Highway, approximately 22km south of Cairns.
The sale was managed by CBRE’s Harrison Coburn via an on-market Expressions of Interest campaign, which generated 218 direct enquiries—with the vast majority coming from new entrants to the market. Six competitive offers were received at the campaign's close, with the asset ultimately secured by an interstate investor.
The asset is situated adjacent to the Woolworths Gordonvale Shopping Centre and sits directly alongside a future McDonald's drive-thru, forming a key part of a growing retail hub in the region.
OXENFORD - $4.65 million
A private investor has acquired a prime retail asset located at 161 Old Pacific Highway Oxenford, for $4.65 million. The pre-market sale reflects a 5.99% yield.
CBRE’s Harrison Coburn and Luke Brechin were exclusively appointed to conduct an on-market Expressions of Interest campaign, however, strong early interest led to a successful pre-market transaction with a private investor.
The 1,019sqm freestanding asset is secured by longstanding tenants Pool Doctor and Inspirations Paint, who form part of DuluxGroup - Australia’s largest network of paint stores with over 130 locations throughout Australia.
Mr Coburn noted this was the first time the property has been offered to market, further underscoring the rarity and appeal of the opportunity.
NOOSAVILLE - $3.4 million
A high-performing childcare centre in Noosaville, Queensland has sold off-market for $3.4 million, achieving a sharp 4.67% yield. The deal was brokered by Burgess Rawson from CBRE's Josh Scapolan.
Located at 10 Swanbourne Way, the purpose-built facility is leased to Goodstart Early Learning on a 10-year net lease to 2030, with options to 2040. Licensed for 75 places, it generates $159,088 net income plus GST, with fixed annual rent growth and full occupancy supported by a waitlist.
Set on a 2,591sqm landholding opposite a retail centre and surrounded by Officeworks, Bunnings, and 7-Eleven, the site benefits from strong catchment fundamentals. The sale highlights continued investor appetite for secure, long-leased childcare assets in premium coastal markets like Noosaville.
CAIRNS - $5.8 million
A first-time commercial investor has acquired a recently constructed KFC in the Cairns town of Gordonvale for $5.808 million, reflecting a 4.76% yield.
Located at 130 Fisher Road, Gordonvale, the property has a prominent position along the Bruce Highway, approximately 22km south of Cairns.
The sale was managed by CBRE’s Harrison Coburn via an on-market Expressions of Interest campaign, which generated 218 direct enquiries—with the vast majority coming from new entrants to the market. Six competitive offers were received at the campaign's close, with the asset ultimately secured by an interstate investor.
The asset is situated adjacent to the Woolworths Gordonvale Shopping Centre and sits directly alongside a future McDonald's drive-thru, forming a key part of a growing retail hub in the region.
OXENFORD - $4.65 million
A private investor has acquired a prime retail asset located at 161 Old Pacific Highway Oxenford, for $4.65 million. The pre-market sale reflects a 5.99% yield.
CBRE’s Harrison Coburn and Luke Brechin were exclusively appointed to conduct an on-market Expressions of Interest campaign, however, strong early interest led to a successful pre-market transaction with a private investor.
The 1,019sqm freestanding asset is secured by longstanding tenants Pool Doctor and Inspirations Paint, who form part of DuluxGroup - Australia’s largest network of paint stores with over 130 locations throughout Australia.
Mr Coburn noted this was the first time the property has been offered to market, further underscoring the rarity and appeal of the opportunity.
NOOSAVILLE - $3.4 million
A high-performing childcare centre in Noosaville, Queensland has sold off-market for $3.4 million, achieving a sharp 4.67% yield. The deal was brokered by Burgess Rawson from CBRE's Josh Scapolan.
Located at 10 Swanbourne Way, the purpose-built facility is leased to Goodstart Early Learning on a 10-year net lease to 2030, with options to 2040. Licensed for 75 places, it generates $159,088 net income plus GST, with fixed annual rent growth and full occupancy supported by a waitlist.
Set on a 2,591sqm landholding opposite a retail centre and surrounded by Officeworks, Bunnings, and 7-Eleven, the site benefits from strong catchment fundamentals. The sale highlights continued investor appetite for secure, long-leased childcare assets in premium coastal markets like Noosaville.
New South Wales
ALLAWAH - $5.18 million
Colliers’ Charlie Gilmour and Steam Leung have sold 5 Mona Street, Allawah on behalf of Libra Property Unit Trust for $5.18 million to a Hong Kong private investor, following strong competition driven by its DA approval for a six-storey co-living asset.
The property, initially offered at auction before moving to private treaty, attracted over 75 enquiries from local and offshore investors, developers, and syndicates. The approved plans allow for a 47-room co-living residence designed by A+ Design Group, with a GFA of 1,659sqm, basement parking, and approval valid until October 2027.
Situated just 100 metres from Allawah Train Station and close to Westfield Hurstville and Sydney Airport, the 677sqm corner site is currently generating short-term rental income. Colliers highlighted the deal as evidence of growing demand for DA-approved development sites aligned with housing trends such as co-living.
ALLAWAH - $5.18 million
Colliers’ Charlie Gilmour and Steam Leung have sold 5 Mona Street, Allawah on behalf of Libra Property Unit Trust for $5.18 million to a Hong Kong private investor, following strong competition driven by its DA approval for a six-storey co-living asset.
The property, initially offered at auction before moving to private treaty, attracted over 75 enquiries from local and offshore investors, developers, and syndicates. The approved plans allow for a 47-room co-living residence designed by A+ Design Group, with a GFA of 1,659sqm, basement parking, and approval valid until October 2027.
Situated just 100 metres from Allawah Train Station and close to Westfield Hurstville and Sydney Airport, the 677sqm corner site is currently generating short-term rental income. Colliers highlighted the deal as evidence of growing demand for DA-approved development sites aligned with housing trends such as co-living.
