Queensland
ROCHEDALE - $11.5 MILLION
The industrial landholding at 254 Rochedale Road, Rochedale has sold for $11.5 million, with the purchaser meeting the vendor’s pricing expectations on minimal terms and a short settlement period.
Positioned within the Rochedale Business Park and Gateway Civic Precinct, the property is zoned Emerging Community under the Brisbane City Plan, accommodating low-impact industrial and ancillary uses. The site benefits from connectivity to the Gateway and Pacific Motorways and sits within Brisbane’s tightly held southern industrial corridor.
The deal was negotiated by Tom Wotton and Jascha Johnston of Industrial Property Brisbane, together with the lead agent referenced in the announcement.
YAMANTO - $9.655 MILLION COMBINED
Two convenience retail investments at 422 and 424 Warwick Road, Yamanto have sold for a combined $9.655 million following competitive auction campaigns that attracted more than 110 enquiries and seven registered bidders.
The Ampol Service Station at 422 Warwick Road sold for $6.92 million on a 6.10% yield, while neighbouring Zarraffa’s Coffee at 424 Warwick Road sold for $2.735 million on a 4.99% yield. Both assets are underpinned by established operators within Ipswich’s growing Yamanto precinct.
The deals were negotiated by Tom Lawrence, Matt Smith and Neville Smith of CBRE on behalf of Quanta Investment Funds.
New South Wales
WOOLWICH - $5.575 MILLION
A tightly held commercial property in Woolwich has sold under the hammer for $5.575 million, exceeding its reserve following a competitive auction campaign.
The property attracted more than 100 enquiries and six bidders, with the transaction reflecting an approximate 4.6% net yield. The result demonstrated continued competition for scarce, well-positioned commercial assets.
The supplied source did not identify the property address or selling agents.
DUBBO - $4.025 MILLION
Urban Village Dubbo at 33–43 Whylandra Street, Dubbo has sold for $4.025 million, comprising a convenience retail investment anchored by Oporto alongside a diversified mix of fast-food and convenience operators.
The property occupies a substantial 3,442sqm Newell Highway corner freehold with triple street frontage, approximately three minutes from the Dubbo CBD. The asset generates net income of approximately $291,338 pa plus GST, with tenants secured on landlord-favourable net leases.
The deal was negotiated by Darren Beehag, Flynn McFall and Benjamin Parsonage of CBRE.
NEW LAMBTON - $2.365 MILLION
The Goodstart Early Learning centre at 199 Lambton Road, New Lambton has sold under the hammer for $2.365 million, reflecting a sharp 4.11% yield.
The 44-place childcare centre occupies a 1,106sqm landholding and is secured by a 20-year triple net lease to Goodstart Early Learning, Australia’s largest early education provider. The lease places responsibility for all outgoings, including land tax, repairs, maintenance and structural capital expenditure, with the tenant.
The deal was negotiated by Yosh Mendis and Josh Scapolan of CBRE, together with the lead agent referenced in the announcement.
Victoria
RIPPLESIDE - $8.3 MILLION
The permit-approved waterfront aged care project at 1 Harbourside Drive, Rippleside has sold for $8.3 million to an existing multi-site aged care provider following an exclusive off-market campaign.
Located within Geelong’s Balmoral Quay precinct and fronting Corio Bay, the site has approval for a 128-bed aged care facility, while also benefiting from an existing residential planning permit for luxury apartments. The purchaser is a growing private aged care provider with operations and projects across Victoria and NSW.
The deal was negotiated by Marcello Caspani-Muto, Jimmy Tat and Sandro Peluso of CBRE Australian Healthcare & Social Infrastructure.
South Australia
ANGASTON - $5.25 MILLION COMBINED
Two medical investment properties at 46 Murray Street and 3–7 Fife Street, Angaston have sold under the hammer for a combined $5.25 million, following a campaign that generated more than 100 enquiries and four registered bidders for each asset.
The 3–7 Fife Street medical facility sold for $3.1 million on a 6.17% yield, while 46 Murray Street sold for $2.15 million on a 6.67% yield. Both properties are secured by new five-year leases to D.P.R.S Nominees Pty Ltd, with options extending through to 2041.
The deals were negotiated by Ned Looker, Oliver Grivell, Sam Mercuri and Rick Jacobson of CBRE.
Australian Capital Territory
CANBERRA - PRICE UNDISCLOSED
Fifty Group, led by hotelier Tom Wang, has acquired two established Canberra hospitality assets, the Statesman Hotel in Curtin and Garden City Hotel, for an undisclosed price.
The properties comprise a combined 137 hotel rooms and two hospitality venues, with the 64-room Statesman Hotel and 73-room Garden City Hotel occupying substantial South Canberra landholdings approximately 10 minutes from Parliament House. Fifty Group plans to progressively refurbish and enhance both assets while keeping the hotels operational.
The transactions were negotiated by Nic Simarro of HTL Property.
