New South
Wales
SMITHFIELD - $127.5 million
The industrial facility at 3 Herbert Place, Smithfield has sold off-market for $127.5 million, with BKC & MEC Global Partners Asia acquiring the large-scale logistics asset.
The property comprises a 28,746sqm multi-tenanted facility on a 73,900sqm landholding, fully leased to Fluidra Group Australia, Kingspan Water & Energy and Monde Nissin Australia.
The transaction reflected a 3.94% initial yield and a WALE of approximately four years, highlighting continued demand for institutional-grade logistics assets in Western Sydney.
The deal was negotiated by Trent Gallagher of Colliers.
South
Australia
RIDGEHAVEN - $17.38 million
Pelican Plaza Shopping Centre at 1007 North East Road,
Ridgehaven has sold for $17.38
million to a South Australia-based family office following a highly competitive national campaign.
The fully leased neighbourhood shopping centre occupies a 12,119sqm landholding opposite Westfield Tea Tree Plaza and is anchored by Chemist Warehouse, Hungry Jack's, Beyond Bank and LJ Hooker. The campaign generated more than 200 enquiries and 22 offers, with the final sale price exceeding vendor expectations by more than 10%, highlighting strong investor demand for land-rich convenience retail assets.
The deal was negotiated by Alistair Mackie and Jordan Schmidt of Colliers, together with Mario Bonomi and Mark Tettis of LJ Hooker Commercial Adelaide.
Queensland
IPSWICH - $13.015 million
The landmark mixed-use heritage complex at 88 Limestone Street, Ipswich has sold for $13.015 million following a competitive Expressions of Interest campaign.
Occupying a 4,092sqm corner site, the fully restored asset comprises 3,039sqm of lettable area across four interconnected buildings and is 100% leased to a diverse tenant mix including Kids at Play Therapy Services, McNamara Law, SC Brewing Co, Gibson Architects and Construction Project Management.
The campaign generated more than 80 enquiries and multiple offers, with the property acquired by Precept Property Partners on behalf of a private mandate.
The deal was negotiated by Sam Biggins and Christian Sandstrom of Knight Frank.
BRISBANE CBD - $2.1 million
A full-floor office at Level 11, 270 Adelaide Street, Brisbane City has sold for $2.1 million, establishing a new pricing benchmark for Icon Place.
The 328sqm strata office was acquired by a local owner-occupier at a building rate of $6,402/sqm following strong demand for premium Brisbane CBD office space.
Located in the heart of the Golden Triangle, the tenancy includes a full fit-out with more than 30 workstations, executive offices, a boardroom and one exclusive-use car park.
The deal was negotiated by Shaun Seeto and Tony Wang of Colliers.
Western Australia
THORNLIE - $4.43 million
Cuddles Early Learning & Childcare at 1 Ravenhill Road, Thornlie has sold for $4.43 million, reflecting a sharp 6.29% yield following a competitive Expressions of Interest campaign.
The purpose-built childcare centre, licensed for 82 places, occupies a 1,727sqm corner site and is leased to Cuddles Early Learning & Childcare until 2040, with two further 10-year options and fixed 3% annual rent reviews.
The campaign generated 168 enquiries, highlighting continued investor demand for quality childcare assets with long-term income security.
The deal was negotiated by Aidan Austen of Colliers.
Victoria
FOOTSCRAY & HOPPERS CROSSING - $7.97 million combined
Two metropolitan healthcare assets in Footscray and Hoppers Crossing have sold for a combined $7.97 million, highlighting continued investor demand for securely leased medical investments across Melbourne.
The Footscray asset at Unit 7/68–82 Hopkins Street sold for $4.77 million following a campaign that generated four formal offers, while 471 Sayers Road, Hoppers Crossing transacted prior to auction for $3.2 million on a 5.9% yield.
Both properties are leased to FMIG Radiology, with the Footscray asset benefiting from its proximity to the new $1.5 billion Footscray Hospital, and the Hoppers Crossing property offering significant future development potential on a 4,002sqm landholding.
The transactions were negotiated by Sandro Peluso, Sam Mercuri and Kai Wang of CBRE.
SOUTH YARRA - $2.55 million
156 Toorak Road, South Yarra has sold under the hammer for $2.55 million following a fiercely contested auction involving five bidders.
The blue-chip retail investment, held by the same family for more than 50 years, generated 104 enquiries from local, interstate and international buyers before being acquired by a local investor.
The sale reflected a 4.1% yield and a land rate of $18,000/sqm, reinforcing continued demand for premium retail assets along Melbourne's tightly held Toorak Road strip.
The deal was negotiated by Lewis Waddell and Ben Liu of Fitzroys.
YARCK - Price Undisclosed
The Yarck Hotel at 6607 Maroondah Highway, Yarck has been sold in an off-market freehold investment transaction, highlighting continued investor demand for quality regional hospitality assets within easy reach of Melbourne.
The historic hotel occupies a strategic position along Victoria's north-east tourism corridor and includes a public bar, restaurant, expansive beer garden, adjoining Meat and Produce Store, and substantial landholding.
The sale included a new lessee and long-term lease arrangement, with the asset benefiting from strong year-round tourism and passing trade.
The deal was negotiated by Scott Callow and Daniel Ryan of HTL Property.
