Victoria
DERRIMUT - $52.5 million
The industrial warehouse at 18 Fooley Court, Derrimut has sold for $52.5 million, with ESR Real Estate Investment Trust (ESR-REIT) acquiring the asset as part of its continued expansion across Melbourne's industrial market.
The property comprises a 22,308sqm warehouse on a 3.5-hectare site, approximately 18 kilometres west of Melbourne's CBD. Fully leased to CEVA Logistics until 2031, the asset provides secure long-term income and reflects continued institutional demand for large-scale logistics facilities in Melbourne's tightly held western industrial corridor.
The property was sold by Frasers Property.
BOX HILL - $9.5 million
The approved aged care development site at 110 Albion Road, Box Hill has sold off-market for $9.5 million to Estia Health, paving the way for a new residential aged care facility in Melbourne's east.
The 5,047sqm corner site is approved for a 100-bed residential aged care home, with Estia Health set to deliver a purpose-built facility in one of Melbourne's most tightly held and undersupplied aged care catchments. The off-market transaction highlights strong demand for shovel-ready healthcare development opportunities.
The deal was negotiated by Sandro Peluso, Marcello Caspani-Muto, Jimmy Tat and Kai Wang of CBRE Australian Healthcare & Social Infrastructure.
CAMPBELLFIELD - $7 million
71 Premier Drive, Campbellfield has sold for $7 million, highlighting continued demand from owner-occupiers for established industrial assets across Melbourne's tightly held northern industrial market.
The 2,600sqm office and warehouse facility, situated on a 3,720sqm site, was acquired by a local business in the building products sector following a private sale campaign. The property sold within four weeks of launch, reflecting a building rate of $2,692 per square metre, with buyers attracted to its strategic location and excellent connectivity to the Hume Highway, Metropolitan Ring Road and Melbourne Airport.
The deal was negotiated by Mitch Purcell, Corey Vraca and Brad Crouch of Colliers.
WARRAGUL - $6.5 million
81 Queen Street, Warragul has sold for $6.5 million, highlighting continued investor appetite for high-quality regional commercial investments backed by diversified income streams.
The 1,831sqm mixed-use asset, positioned on a 1,261sqm Commercial 1 Zoned site, comprises a fully leased former hotel converted into retail and office accommodation following more than $1.1 million in refurbishment works. The tenancy mix includes a wine bar, day spa, beauty clinic, hairdresser and barbershop, generating a net income of $487,033 per annum. The property occupies a prominent position opposite Warragul Train Station and was acquired by a Tasmania-based private investor.
The deal was negotiated by David Napoleone, Rachael Fabbro and Matthew Wright of CBRE, together with Brendan Wetherall of Wetherall's Signature Realty.
LAVERTON NORTH - $4.62 million
Factory 3, 5–7 Maria Street, Laverton North has sold for $4.62 million following a competitive Expressions of Interest campaign, highlighting continued investor demand for securely leased industrial assets in Melbourne's western industrial corridor.
The 1,025sqm industrial facility, positioned on a 6,843sqm site with exceptionally low 15% site coverage, is leased to Cleanaway Operations Pty Ltd, providing a secure income stream and significant long-term redevelopment or expansion potential (STCA). The campaign attracted more than 40 enquiries and six offers, with the property ultimately purchased by an interstate investor.
The deal was negotiated by Steve Jones and Andrew Gallucci of Knight Frank.
RINGWOOD - PRICE UNDISCLOSED
The landmark commercial freehold at 123–127 Maroondah Highway, Ringwood has been sold to a Melbourne-based hospitality group following a competitive Expressions of Interest campaign.
The three-level, 1,525sqm purpose-built commercial building, positioned on a 633sqm Activity Centre Zoned site, features indoor and outdoor entertainment areas, a lift and beer garden, offering significant flexibility for future hospitality use. Located opposite the Eastland Shopping Centre precinct, the asset attracted strong buyer interest due to its prominent position and versatile design.
The deal was negotiated by Scott Callow and Daniel Ryan of HTL Property, together with Ted Dwyer of Ray White Commercial.
Queensland
SPRINGFIELD - $24 million
The neighbourhood shopping centre at 259 Ash Street, Springfield has sold for $24 million, highlighting continued investor demand for convenience-based retail assets in high-growth catchments.
The 5,123sqm shopping centre, positioned on a 2.59-hectare site, was acquired by Hinds View Collective following an Expressions of Interest campaign. The 99% occupied asset is anchored by Drakes Supermarket and supported by a mix of essential retailers including TerryWhite Chemmart, Pizza Hut and QML Pathology, generating approximately $1.8 million per annum and reflecting a 7.7% passing yield.
The transaction was negotiated by Liam Cox, Ned McKendry and Jacob of JLL.
SPRING HILL - $10.25 million
Engineering House at 447 Upper Edward Street, Spring Hill has sold for $10.25 million, following a competitive Expressions of Interest campaign that attracted 32 enquiries before a cash unconditional offer was accepted.
The 1,195sqm four-level office building, featuring a 4.5-Star NABERS Energy rating, was acquired by BI3 Property Pty Ltd, which intends to occupy part of the asset while leasing the balance. The refurbished building includes six on-site car parks and achieved a building rate of $8,577/sqm, reflecting strong demand for quality owner-occupier office assets in Brisbane's fringe CBD.
The deal was negotiated by Hunter Higgins and Luke Hawkins of Colliers.
