Victoria
CHELTENHAM – $53.8 million
The Bayside Green site at 332–336 Bay Road and 43 Jack Road, Cheltenham has sold for $53.8 million, with Forza Capital acquiring one of Melbourne's largest infill development opportunities.
The 55,557sqm landholding, formerly occupied by a Laminex manufacturing facility, was sold with a leaseback arrangement providing holding income while future redevelopment plans are pursued. Positioned near Southland Station, Westfield Southland and the future Suburban Rail Loop precinct, the site is expected to support a large-scale mixed-use and residential outcome.
The deal was negotiated by Rob Joyes, Jozef Dickinson, Gordon Code, Billy Kanakis and Daniel Telling of Colliers.
TULLAMARINE – $12.4 million
A multi-tenanted industrial asset at 1–3 Saligna Drive, Tullamarine has sold for $12.4 million, highlighting continued investor demand for well-located logistics and warehouse investments within Melbourne's tightly held airport precinct.
The property comprises a 5,075sqm logistics and warehousing facility on a substantial 9,062sqm landholding, anchored by national tenants Protecta Group Australia and Scott Automation & Robotics, providing a diversified income stream in a strategic infill location near Melbourne Airport.
The deal was negotiated by Daniel De Sanctis, Harley Bowen, Thomas Dodd and Elliot Ryan of Knight Frank.
HOPPERS CROSSING – $3.2 million
A healthcare asset in Hoppers Crossing has sold prior to auction for $3.2 million, reflecting a sharp 5.9% yield.
The property sits on a substantial 4,000sqm landholding with low site coverage of approximately 20% and is securely leased to ASX-listed FMIG Radiology, providing a strong defensive income profile and future development upside.
The deal was negotiated by Sandro Peluso, Sam Mercuri and Kai Wang of CBRE.
MALVERN – $1.9 million
The property at 1352 Malvern Road, Malvern has sold under the hammer for $1.9 million following a highly competitive auction campaign.
The recently refurbished asset generated more than 110 enquiries and 15 inspections, attracting interest from developers, investors, owner-occupiers and medical specialists. Competitive bidding saw seven bids registered on auction day before a local investor secured the property.
The sale highlights continued demand for versatile assets offering immediate usability and future development potential in Melbourne's tightly held Stonnington market.
New South Wales
JAMISONTOWN – $15.2 million
A high-profile industrial investment at 65–67 Batt Street, Jamisontown has sold for $15.2 million, reflecting a sharp 4.83% yield and continued demand for securely leased Western Sydney assets.
The property comprises a 2,433sqm industrial and showroom facility on a 4,199sqm freehold site, fully leased to ASX-listed Reece Limited on a 10-year net lease to 2034, with options extending through to 2064.
The asset supports Reece's plumbing, fire and irrigation divisions and traded approximately 15% above its previous sale price from two years ago.
The deal was negotiated by Zomart He, Geoff Sinclair and Yosh Mendis of CBRE.
BOTANY – $11.2 million
The industrial property at 36–38 Sir Joseph Banks Street, Botany has sold for $11.2 million following a competitive Expressions of Interest campaign that generated 83 enquiries.
The asset comprises a 1,706sqm high-clearance warehouse and office facility across two tenancies on a 2,384sqm freehold landholding, strategically positioned near Port Botany, Sydney Airport and major transport networks.
The sale highlights continued demand for tightly held infill industrial assets offering strong occupier appeal and long-term strategic value.
The deal was negotiated by Nick Mallett and Jake Savery of Cushman & Wakefield.
WYEE – price undisclosed
Wyee Village East & West at 121 & 131–135 Wyee Road, Wyee has been acquired by a first-time retail investor on a 5.72% passing yield, highlighting continued private capital demand for convenience-based retail assets.
The centre comprises 2,676sqm of gross lettable area across two E1 Local Centre-zoned sites totalling 7,573sqm, anchored by a new IGA supermarket on a lease to 2032 with a further option to 2039. The tenancy mix includes Chemsave Pharmacy, a medical centre, dentist, psychologist, Australia Post, Domino's and Ice Box Liquor, with the asset trading at 97% occupancy and a 4.2-year WALE by area.
The sale campaign generated seven formal offers, reflecting strong investor appetite for supermarket-anchored neighbourhood centres in growth corridors between Sydney and Newcastle.
The transaction was negotiated by Alex James-Elliott and Philip Gartland of Stonebridge Property Group, in conjunction with Knight Frank.
EAGLE FARM – $3.575 million
A fully leased industrial asset at 4 & 5/90 Fison Avenue, Eagle Farm has sold for $3.575 million to a private investor, highlighting continued demand for TradeCoast industrial investments.
The property comprises 744sqm of office and warehouse accommodation within Brisbane's tightly held Australia TradeCoast precinct. As part of the transaction, BD Property agreed to lease back a portion of the building for PPC, while Purge Digital remains in occupation of the balance, providing a diversified income stream.
The deal was negotiated by Robert Stringer of Cushman & Wakefield on behalf of BD Property, with the purchaser introduced by Palise Buyers Agents.
