Victoria
CLYDE NORTH - Circa $250 million
LAWD has set a new sale price record for residential development sites in Melbourne’s sought-after South East for the 68.77-hectare 200 Tuckers Road site in Clyde North, one of the last remaining infill residential development sites of scale in Victoria, and capable of delivering in excess of 1,290 residential lots.
Sold to the Brown Property Group, the residential development land at 200 Tuckers Road is located approximately 40km southeast of the Melbourne CBD and features 1.7km of high-exposure dual road frontage to Tuckers and Patterson Roads. It also has access to major transport links such as the M1 Monash Freeway, M3 Eastlink Freeway, the Cranbourne Train Line, South Gippsland Highway and Mornington Peninsula Freeway.
The deal was brokered by LAWD's Peter Sagar and Paul Callanan.
KEW - $1.388 million
Colliers has announced the off-market sale of 916 Glenferrie Road, Kew, for $1,338,000. The highly sought-after retail freehold was acquired by an offshore investor ahead of a public campaign, underscoring the continued demand for well-leased metropolitan retail assets in Melbourne’s inner suburbs. The transaction was negotiated by Colliers’ Melbourne Metro Sales team, achieving a sharp yield of 4.17%.
Strategically located in the heart of Kew’s tightly held Glenferrie Road retail precinct, the property is strategically positioned within one of Melbourne’s most vibrant and established shopping strips.
Glenferrie Road, Kew, is renowned for its eclectic mix of boutique retailers, cafés, restaurants, and essential services, drawing consistent foot traffic from both locals and visitors. The area is a lifestyle destination, supported by excellent public transport links, proximity to prestigious schools, and a strong residential catchment.
The asset is underpinned by a brand-new five-year lease to acclaimed hospitality operator Town & Country, providing the new owner with a secure and stable income. Town & Country’s strong local presence and proven trading performance further enhance the investment’s appeal.
OFFICER SOUTH - Undisclosed
A significant off-market industrial transaction has been finalised in Melbourne’s southeast growth corridor, with Grove Group Pty Ltd acquiring a circa 2.4-hectare site in Officer South for $12.7 million.
The land parcel at Lot 7, 330 Cardinia Road, is located within the South Point business park, developed by Cadence Property Group. The transaction was brokered off-market by JLL’s Ned Murphy, Lachlan Ferguson, and Stephen Adgemis.
Grove Group, a local owner-occupier, secured the site to accommodate rapid growth in its operations.
South Australia
ADELAIDE - $50.5 million
Adelaide’s falling office vacancy rates, strong return to work numbers and improving fundamentals have spurred Centennial into acquiring a prominent 11-level office tower at 63 Pirie Street Adelaide for $50.5m, on an equated yield of ~ 8.6 per cent.
The property investment manager and developer is acquiring the A-grade tower housing a swathe of blue-chip tenants from South Australia's Raptis family, through a sales campaign by CBRE and Colliers.
Colliers agents Jordan Schmidt and Alistair Mackie, in conjunction with CBRE's Ian Thomas and Alistair Laycock, marketed the high-profile office asset 63 Pirie Street for sale in the heart of Adelaide's business precinct.
KLEMZIG - $4.6 million
Colliers has successfully transacted a prominent industrial property at 260 North East Road, Klemzig, for $4.6 million, highlighting continued demand for well-located, high-exposure assets with redevelopment potential in Adelaide’s inner northeast.
The property, comprising two regular-shaped allotments totalling 2,994 sqm, was offered with vacant possession and attracted strong interest from a diverse buyer pool. With a commanding 47.89-metre* frontage to North East Road and exposure to over 42,800 vehicles daily (DPTI), the site presented a rare opportunity for repurposing or refurbishment in the short to medium term, with longer-term redevelopment potential.
The property is situated within the Employment Zone of the City of Port Adelaide Enfield, which supports a wide range of industrial and commercial uses. Located just 6 kilometres* from the Adelaide CBD, 15 kilometres* from Adelaide Airport and 17 kilometres* from Port Adelaide, the site benefits from excellent connectivity and access to key infrastructure.
New South Wales
WOLLONGONG - $12.55 million
A modern, fully leased medical facility located in Wollongong’s healthcare precinct has sold and settled for $12.55 million. The purchaser, The City of Newcastle, successfully acquired the asset following a competitive on-market Expressions of Interest process that saw the JLL Alternatives, Capital Markets team generate significant interest with over 140 registered parties.
The transaction was negotiated by JLL’s Simon Quinn, Thomas Thorsen, and Mark Stafford, achieving a 5.93 per cent passing yield.
Located at 21-23 Denison Street, the property is fully leased to subsidiaries of ASX-listed Sonic Healthcare (ASX: SHL), Illawarra Radiology Group and Sonic HealthPlus, delivering essential radiology and occupational health services.
ALEXANDRA - $12 million
A large warehouse in Sydney’s inner south has sold following strong buyer demand for the asset during a sales campaign.
The property at 5-7 Bourke Road, Alexandria was purchased by an owner-occupier from a private developer for $12 million.
The deal was negotiated by James Masselos and Demi Carigliano of Knight Frank in conjunction with CBRE’s Nick Zenonos following an Expressions of Interest (EOI) campaign.
The Alexandria asset is a quality freestanding industrial building spanning 1,677sq m across warehousing office and showroom accommodation. It occupies a 1,393sq m site.
The property was sold with a development approval (DA) in place for a nine-storey mixed-use development comprising 5,363sq m of gross floor area.
Queensland
HUGHENDEN - Undisclosed
Savills announced the freehold sale of The Royal Hotel Hughenden, North-west Queensland, facilitated through an off-market process.
Located at 21/23 Moran Street, Hughenden, The Royal Hotel Hughenden occupies a substantial 6,222 sqm site, strategically positioned in the heart of this renowned tourist destination.
Approximately 380 kilometres* west of Townsville, Hughenden is a picturesque town situated on the banks of Queensland’s longest river, the Flinders. It is a popular destination for tourists exploring the region’s natural attractions, including Mount Walker, Porcupine Gorge and fossil discoveries from The Flinders Discovery Centre. Easily accessible via the Flinders Highway, Queensland Rail Inlander Service, or plane, the town attracts a steady flow of domestic visitors.
The deal was managed by Savills' Leon Alaban and Joseph Ganim.
