Queensland
SURFERS PARADISE - $85.5 million
In a landmark $85 million off-market deal, Colliers has successfully brokered Capri on Via Roma, an award-winning convenience and lifestyle shopping centre, on the Gold Coast, to a local-based Asian private investor, Capri Holding GC Pty Ltd.
In a deal led by Colliers Head of Asia Markets Australia Harry Bui in collaboration with Gold Coast Director in Charge Steven King and Head of Retail Middle Markets James Wilson, the transaction reflects Colliers’ capability to connect premium Australian assets with high-calibre international capital.
Located on a high-exposure gateway site at 15-21 Via Roma, Surfers Paradise, on the footstep of one of Australia’s most iconic lifestyle and tourist destinations, the 11,280 sqm site configured over three modern buildings, was owned and managed by Mulpha Australia.
This 96% leased trophy asset is anchored by the Gold Coast’s only Harris Farm Markets on a 12-year lease and is supported by 52 additional tenants including a vibrant artisan food market hall, waterfront restaurants, convenience and service retailers, and an established professional office precinct.
TOWNSVILLE - $33 million
Fund manager Clarence Property has sold Townsville neighbourhood shopping centre North Shore Marketplace to ISPT in an off-market sale.
With 5,691 sqm GLA, the centre is anchored by a Woolworths supermarket and complemented by 18 specialties and offices including BWS, Domino’s, Studio Pilates, TSG, and United Chemist.
CBRE’s Joe Tynan and Michael Hedger managed the transaction on behalf of Clarence Property.
Of the sale, Mr Tynan said, “There has been a significant re-emergence of institutional capital into neighbourhood centres due to the opportunity to purchase below replacement costs, driving further competition amongst the private sector.”
The centre is underpinned by a long-term 6.0-year WALE (by income) and guaranteed income growth with a minimum annual review of 3.00% across the specialties.
SLACKS CREEK - $9.65 million
The Oasis Service Centre, a high-profile retail convenience and service centre in the Brisbane-Gold Coast growth corridor, has been sold for $9.65 million following an expressions of interest campaign undertaken by Colliers.
The property, which was placed on the market by interests associated with developer Robert Badalotti, has been transacted to an undisclosed private investor with a yield of 6.13 per cent, highlighting the strength of the tenant mix and a competitive sale process.
Located at 3765 Pacific Highway in Slacks Creek, the commercial holding comprises a total of eight tenancies, anchored by blue-chip tenants BP Australia and a Zarraffa’s Coffee Drive-Thru and flanked by specialty tenants and an internal food court, boasting a significant site area of 6,004sqm.
Colliers Investment Services agents Hunter Higgins and Steven King fielded more than 109 inquiries from prospective buyers from the expressions of interest campaign which was launched in January.
ENOGGERA - $7.8 million
Stonebridge Property Group has announced the sale of Guzman y Gomez Enoggera in Brisbane.
The brand new Guzman y Gomez outlet occupies a 1,746 sqm* corner site only 5.5 km* from the Brisbane CBD, with exposure to 75,757+ vehicles daily. ‘GYG’ committed to a 25-year lease term through to 2050, plus options to 2090.
Following a comprehensive national marketing campaign, the property sold for $7,800,000, achieving a strong yield of 4.36%. This is the highest price ever paid for a Guzman y Gomez leased investment.
The deal was managed by Stonebridge’s Michael Collins, Tom Moreland, James Freemantle and Harry Curtain.
Victoria
TOTTENHAM - $32.8 million
Jones Real Estate has facilitated the off-market transaction of 1 Quarry Road, Tottenham for $32,800,000 on behalf of a private client, marking yet another premium industrial transaction for the agency.
The 40,000 sqm* Industrial 1 Zoned landholding—featuring an 8,016 sqm* warehouse facility—is occupied by Container Freight Services (CFS) as a warehouse and container storage park. CFS maintains a lease on the property until 2030, with a current net passing income of $1,365,000, equating to a passing yield of 4.16%.
The successful result represents an impressive capital gain of approximately $10,000,000 for the vendor within just 2.5 years of ownership, further underscoring the resilience and strength of Melbourne’s infill industrial market.
EPPING - $13.1 million
Jones Real Estate and Stonebridge Property Group have successfully brokered the sale of the 7-Eleven service centre located at 181 O’Herns Road, Epping, Victoria. The property sold for $13.1 million to local investors, achieving a sharp yield of 5.63%.
Strategically positioned at the prominent intersection of O’Herns Road and Edgars Road, the 7-Eleven service centre sits within Melbourne’s northern growth corridor. The asset is supported by long-term net leases to renowned global tenants including Starbucks, and Oporto.
Jones Real Estate’s Tim Spargo and Paul Jones, and Stonebridge Property Group’s Rorey James and Kevin Tong led the sales campaign.
MOORABBIN - Undisclosed
Local industrial developer Neue Space has acquired Puma’s iconic bayside site in Moorabbin. It’s the first time the landmark property at 111 Keys Road has changed hands since becoming Puma’s head office and retail outlet 45 years ago.
The sale, brokered by CBRE’s Sasan Misaghian & David Aiello, attracted substantial interest with multiple Expressions of Interest submitted.
Mr Misaghian said the site’s 132-metre frontage to Keys Road offered a range of development possibilities making the property, with a 9,940sqm building on 16,187sqm of land, a highly coveted asset in the region.
Tasmania
NORTH HOBART - Undisclosed
Prominent businessman John Kelly has sold the iconic State Cinema in North Hobart, with the landmark property acquired by an undisclosed interstate investor.
The sale marks a significant milestone in the cinema’s rich, century-long history and highlights ongoing mainland demand for premium Tasmanian assets.
Sold by RWC Tasmania’s Claude Alcorso and Matthew Wallace in conjunction with Burgess Rawson's Matthew Wright and Beau Coulter, the property was described as a rare opportunity to combine heritage charm, secure income, and a prime inner-city location.
Positioned in the heart of Hobart’s bustling Elizabeth Street entertainment and dining precinct, the property has long been a hub for the city’s creative and social life.
Seller John Kelly, who spearheaded the twenty-year restoration program, said the time had come to hand over the reins. “It was time for me to pass the torch onto the next custodian of this much-loved Hobart institution,” he said.
