Queensland
ROCKLEA - $35 million
The $35,000,000 transaction of a fully leased 20,407sqm Rocklea industrial business park to a private investor demonstrates the strong demand for well-positioned assets in the lead up to Queensland’s infrastructure boom.
Transacted via an expressions of interest campaign by Colliers Queensland industrial team of Simon Beirne and Nick Evans, the fully-leased multi-tenanted industrial business park is located at 117 Grindle Road, Rocklea and was transacted on behalf of our valued client Quintessential.
The asset was purchased by a private investor.
MORAYFIELD - $8 million
A tightly held 5.05-hectare development site in Brisbane’s rapidly expanding northern corridor has sold for $8,000,000 to Trask Land, after attracting strong interest from developers keen to secure scarce residential land.
The Morayfield property at 74-80 Nairn Road drew more than 130 enquiries and 12 competing offers through an expressions of interest campaign handled by Colliers’ Brendan Hogan and Adam Rubie, on behalf of a private landholder, reflecting the intense competition for development-ready land across South East Queensland.
The successful buyer, Trask Land, headed by David Trask, already controls adjoining land on both sides of the site, further strengthening the group’s long-term position in the high-growth Morayfield precinct.
New South Wales
WATERLOO - $32 million
A highly flexible development opportunity in the evolving Waterloo precinct has sold to leading Purpose-Built Student Accommodation developer Scape for $32 million.
Underpinned by MU1 Mixed Use zoning, the property was strongly competed for, with interest from a number of residential and PBSA providers looking to establish a holding in the region.
The Colliers team of Trent Gallagher, Steam Leung and Zhenni Lu sold the property exclusively.
WARNERS BAY - $19.4 million
The Bayside Centre at 10–16 Medcalf Street, Warners Bay, has sold for $19.386 million at a 5.99% yield, reflecting strong investor demand for large-format retail assets in regional growth areas.
Marketed nationally through Burgess Rawson’s Select campaign by Yosh Mendis and Darren Beehag, the sale attracted 186 enquiries, driven by the centre’s blue-chip tenants and long-term income security.
Anchored by Hungry Jack’s, the 12,674sqm site features national brands and sits prominently on a high-exposure corner in Newcastle’s western corridor.
HABERFIELD - $3.5 million
Two adjoining houses in Sydney’s inner west with development potential have sold for a combined $3.5 million.
The properties at 103-105 Parramatta Road in Haberfield, which total 1,330 sqm, were purchased by two brothers and private investors, who plan to landbank them.
Both houses are single-storey, with four bedrooms and one bathroom, as well as off-street car parking via a detached garage.
103 Parramatta Road is leased for $1,100 per week, while 105 Parramatta Road is leased at $890 per week.
The properties were underpinned by significant development upside, permitting a broad range of industrial/commercial uses with the potential for 1,995 sqm of gross floor area, subject to council approvals.
They were sold following a Private Treaty campaign run by Anthony Pirrottina of Knight Frank and Michael Tringali of McGrath.
Victoria
WODONGA - $14.71 million
Baron Vanilla Management has acquired the Civilmart manufacturing facility at 33 Kiewa Valley Road, Wodonga, in a $14.71 million transaction, underscoring sustained investor appetite for large-scale industrial assets in regional growth areas.
The deal was brokered by Justin Kramersh of Burgess Rawson from CBRE, in conjunction with Dixon Commercial, following a highly competitive Expressions of Interest campaign that attracted strong interest from a broad spectrum of investors.
Set on a substantial 69,020 sqm landholding, the property is leased to Civilmart, a subsidiary of CRH, a Fortune 500-listed global construction materials company with a market capitalisation exceeding USD $60 billion.
Purchasers were drawn to the landlord-friendly lease terms, with Civilmart responsible for all outgoings, including land tax. The lease runs through to 2031, with multiple options extending to 2071.
TRUGANINA - $5.9 million
AND Property's Ben Quennell, Joff Mithen and Ricardo Cappelletti have sold 65 National Drive, Truganina, a 7,044sqm Industrial 3 Zone parcel within the Connect West Estate, to a local developer for $5.9 million.
Fully serviced and ready for development, the site boasts direct freeway access and strong connectivity, enhancing its appeal to industrial occupiers.
Surrounded by major tenants like ALDI, Kmart, and Hellmann Logistics, the estate’s established reputation further underpinned buyer interest in this premium landholding.
CHELTENHAM - $3 million
CVA Property Consultants and Burgess Rawson have finalised the sale of two newly built commercial investments in the Cheltenham Quarter development at 19 Chandos Street, Cheltenham, totalling nearly $3 million. The transactions reflect continued demand for high-yield, low-maintenance assets in Melbourne’s south-east.
Showroom 2, leased to Strong Pilates, sold for $1.96 million on a 10-year lease with a 5.86% yield. Suite 101, leased to Inner Strength Bayside, sold for $995,000, delivering a 6.18% yield and strong lease security.
Both properties feature premium finishes, long-term leases with fixed annual increases, and full outgoing recoveries, offering investors attractive returns and minimal management risk.
RICHMOND - Undisclosed
Cbus Property has acquired Riverside Richmond, a rare one-hectare site at 43-67 River Street, Richmond, fronting over 100 metres of the Yarra River and just three kilometres from Melbourne’s CBD.
Offered for the first time in 44 years, the Commercial 1 Zoned site came with concept plans for 169 luxury apartments and 10 townhouses, along with 322 car spaces.
Marketed by LAWD's Lukas Byrns, Paul Callanan and Peter Sagar, the site attracted strong developer interest for build-to-sell, build-to-rent and retirement living, reflecting confidence in Melbourne’s residential sector.
