Queensland
FORTITUDE VALLEY - $132 million
In a landmark deal, Sentinel Property Group has acquired the Green Square South Tower in Fortitude Valley—the first office sale over $100 million outside Brisbane’s CBD since 2022. The off-market transaction was negotiated by Colliers’ Adam Woodward, Sam Arkell, and James Mitchell on behalf of a private client.
Positioned at 505 St Pauls Terrace, the 18,000 sqm A-Grade asset features five levels of premium office space, retail, 355 basement car parks, and modern amenities. The asset fully leased to Brisbane City Council, the largest local government in Australia, until August 2027.
Colliers’ Adam Woodward said the sale signals renewed confidence in Brisbane’s fringe office market, with counter-cyclical capital re-emerging.
MCKAY - $2.75 million
The International Lodge Motel in Mackay has been sold for $2.75 million in an off-market deal.
The 20-room motel at 40 MacAlister Street occupies a 1,018sq m site located in the heart of Mackay city, just off the city’s main street, Victoria Street.
It is close to restaurants, clubs, shops, showgrounds, the Bluewater Lagoon, Mackay Entertainment Centre and bus depot, as well as the Canelands Shopping Centre.
It was purchased by local current motel operator Chandu Chatla from owner Hunter Lin in a deal negotiated by Knight Frank's Glen Cummins.
Victoria
CLYDE NORTH - $44 million
In a standout off-market transaction, Charter Hall has sold a 17,005 sqm freestanding Bunnings Warehouse in Clyde North for $44 million—the largest Bunnings deal nationally since 2022. The sale, secured at a sharp 4.9% yield, was brokered exclusively by Colliers’ Tim McIntosh.
The high-profile asset sits on a 37,780 sqm site in Melbourne’s booming south-east corridor and was sold with a 12-year net lease, with options to 2079. The asset generates a net income of approximately $2.17 million per annum* and features four street frontages and 372 on-title car spaces.
A private Melbourne-based high-net-worth family acquired the property, drawn by its prime location, secure income stream, and Bunnings’ enduring covenant strength—further highlighting strong demand for core retail in growth markets.
THOMASTOWN - $13.25 million
Colliers has successfully brokered the $13.25 million sale of a prime industrial facility in Thomastown to Perth-based Westbridge Funds Management. Acting on behalf of a private vendor, the Colliers Industrial & Logistics Capital Markets team—Daniel Telling, Billy Kanakis, and Nick O’Brien—secured the off-market deal.
Strategically located on a 7,600sqm infill site adjacent to the M80 Ring Road, the asset includes a 4,970sqm high-clearance warehouse leased to NPFulfilment. The facility features full-height precast construction, a sprinklered warehouse, recessed docks, and on-grade access.
Recent base building upgrades and strong tenant covenant make the property a compelling long-term logistics investment, reflecting continued institutional demand for quality assets in Melbourne’s northern industrial corridor.
MALVERN - $7.5 million
A Sydney-based high-net-worth private investor has acquired a Coles Operations Centre in the Melbourne suburb of Malvern for $7.5 million, with the price reflecting a 3.8% yield.
CBRE’s Jamie Hess, Sam Guest, David Minty and James Douglas managed the sale under instructions from Mark Ruttner at First Valuation Group.
Located at 1 Edsall Street, the 777 sqm asset serves an integral role in the day-to-day operations of the bustling freestanding Coles Supermarket located next door.
The property is fully occupied by Coles Group with a lease expiry in 2031 with two further 10-year options available.
QUEENSCLIFF - $6 million
The iconic Queenscliff Brewhouse has sold to a private investor for more than $6 million, following a competitive campaign led by Burgess Rawson from CBRE’s Matthew Wright and Neville Smith.
Located on a prominent 1,402 sqm corner site, the historic venue—operating since 1879—was recently refurbished by new tenant Australian Venue Co (AVC), who signed a 10-year lease with options to 2075. AVC is responsible for all outgoings, including council rates, insurance, and maintenance with the asset producing a net income of $358,685 per annum, with fixed annual rental increases of 2.75%.
MORNINGTON - $1.599 million
Jones Real Estate has finalised the $1,599,000 sale of 5/27 Virginia Street, Mornington—$99,000 above reserve—in a pre-auction result reflecting strong demand for high-quality industrial assets in tightly held precincts.
The 504 sqm high-clearance facility, set on a 1,504 sqm site with a rare 700 sqm side yard, was offered with vacant possession. Zoned Industrial 3, it drew interest from both owner-occupiers and investors during a competitive campaign.
A local investor secured the property ahead of the scheduled June 25 auction, recognising its flexible layout, strategic location near major arterials, and future growth potential.
ROSEBUD - Undisclosed
A significant retirement living asset in Victoria’s Mornington Peninsula has changed hands, with the sale of the Rosebud Village at 287–323 Bayview Road, Rosebud. The 105-unit Independent Living community, set on a substantial 36,500 sqm coastal landholding, was sold by Baptist Village Baxter to IP Living in a transaction managed by Colliers’ Justin Hazell and Ian Sanders.
The village, which enjoys near-full occupancy and a strong reputation within the local community, is ideally positioned in a high-demand coastal precinct with limited competition. It offers affordable Independent Living Units (ILUs), a centrally located community centre, and convenient access to Rosebud’s vibrant amenities, pristine beaches, and healthcare services.
The vendor, Baptist Village Baxter, is repositioning capital to support the next phase of their redevelopment in their Frankston South village.
New South Wales
CREMORNE - $27.5 million
A prized development site in Cremorne has sold for $27.5 million to DA Properties, marking a significant acquisition in Sydney’s Lower North Shore. Located at 45 Murdoch Street, the 1,672 sqm R4-zoned parcel offers scope for luxury residential development, with harbour and city views from upper levels.
Exclusively sold by Colliers’ Eugene White, Guillaume Volz and Tom Appleby, the site includes a 15-unit apartment block with strong holding income and three street frontages—enhancing design flexibility and future amenity.
Demand remains high for premium, boutique-scale projects in tightly held areas like Cremorne, where owner-occupiers and downsizers are drawn to the lifestyle, village charm, and exceptional connectivity.
GLEBE - $6.58 million
A block of 18 studio apartments at 3 Cook Street in Glebe sold for $6.58 million.
Situated on the high side of Cook Street, the block sits in a sought-after location, within walking distance to the Glebe Point Road cafes, restaurants and amenities.
It was purchased by a private developer from a private investor in a deal negotiated by Adam Droubi of Knight Frank.
The property was sold at a yield of 4.4% with a net income of $289,000.
NEWTOWN - $6.48 million
A property consisting of two retail shops and 10 self-contained studios on 436 sqm sold for $6.48 million.
351-353 King Street in Newtown is a mixed-use investment set on bustling King Street, just 100 metres away from Newtown Station, underpinned by twelve defensive income streams and rental upside.
The property, which has two retail shops tenanted by a tattoo parlour and jewellery store, was sold following a competitive Expressions of Interest process run by Knight Frank agents Adam Droubi and James Masselos.
