Queensland
RIPLEY - $20.25 million
JLL, together with Ray White Commercial (RWC), has completed the $20.25 million sale of a 3.22-hectare neighbourhood centre site at Lot 7001 Belle Parade, Ripley. The Expressions of Interest campaign, led by JLL’s Jacob Swan, Ned McKendry and Jake Burrowes alongside RWC’s Mark Creevey and Nathan Moore, generated six formal offers, underscoring strong demand in the Ripley Priority Development Area.
The cleared, serviced site offers 830 metres of frontage, high exposure and concept plans for a supermarket, speciality retail, fast-food outlets and a service station. Its prime location near Ipswich and Springfield further strengthened buyer interest.
Situated at the entry to HB Land’s Bellevue Estate and adjoining a planned district sports field, the site is positioned to become a key retail hub for one of Australia’s fastest-growing regions.
BRISBANE - $1.2 million
Australian boutique contemporary furniture designer Derlot has purchased a full floor in one of Brisbane’s first high-rise office buildings for $1,200,000.
Transacted by Colliers Queensland Investment Services experts Tony Wang and Shaun Seeto, the 250sqm office space on level 6 of 371 Queen Street was sold on behalf of a private local owner-occupier who had held the property for 23 years.
Originally known as Preston House and designed by Chambers and Powell, the 110-year-old building is a landmark of Brisbane’s architectural heritage and among the city’s first high-rise office blocks.
MORETON BAY - Undisclosed
A 9,825 sqm site in Moreton Bay, north of Brisbane, that used to be the Frawleys Tennis Club has sold.
The property at 56 Coman Street in Rothwell, around 40 minutes north of the Brisbane CBD, is approved for a retirement living development, consisting of 97 units, with the approval valid until July 2030.
It was purchased by the Victorian-based aged care group from a Sydney-based private investor in an off-market deal negotiated by Sam Biggins and Clem Stack of Knight Frank.
Victoria
EPPING - $6 million
A private investor has acquired a newly built warehouse in Epping for $6 million plus GST and immediately secured a lease for the facility, underscoring the strong demand for premium logistics facilities in Melbourne’s north.
The lease for the property at 68 Reddish Close was secured just three days after it hit the market, with CGA Engineering signing on at $300,000 per annum plus GST and outgoings.
CBRE’s Jake George negotiated the sale, and Corey LeFavi negotiated the lease.
ST KILDA - $5.4 million
Jarrod Moran and Daniel Philip of CVA have just concluded the sale of 4 Marine Parade, St Kilda, securing a strategic $5.4 million result via an Expressions of Interest campaign. The high-profile sale was completed in conjunction with WHITEFOX, marking a collaboration between two of Melbourne’s most respected agencies - combining specialist knowledge in both commercial and residential property.
The buyer, who owns the adjoining site, acted quickly to secure this rare beachfront parcel with a long-term view to amalgamate and redevelop.
With 43 registered enquiries fielded by CVA and two formal offers submitted, the campaign drew strong attention from owner-occupiers and developers seeking future development potential in the area.
HALLAM - $5.15 million
A rare low-site coverage industrial property in Hallam has changed hands for $5.15 million, equating to a robust $1,030 per sqm across its 5,000 sqm landholding.
CBRE agents Patrick Noone, Alex Grima, and Fraser Pearce managed the sale of 22-24 Hallam South Road.
The property’s prime main road frontage and expansive rear yard drew significant attention from developers and owner-occupiers alike.
While the deal didn’t close at the initial expressions of interest deadline, a Hallam-based owner-occupier who had been eyeing the site for months was successful in acquiring the property.
NUNAWADING - $1.18 million
Jarrod Moran and Charlie Hicks of CVA have just sold a high-performing industrial unit in the tightly held Norcal Road precinct for $1,180,000 via a private sale campaign.
Offered with vacant possession, the 251 sqm* warehouse attracted over 80 enquiries during a competitive 4-week campaign, ultimately resulting in two formal offers and a successful sale to an owner occupier looking to secure a foothold in a precinct where supply continues to tighten.
The result underscores both the continued strength of Melbourne’s eastern industrial market and the property’s appeal within a highly sought-after business park. This sale represents CVA’s fifth transaction within the complex since 2024 — a clear signal of the team’s deep market reach and unparalleled activity in Nunawading.
