Queensland
LOGAN - $16.3 million
Clarence Property has sold the Woolworths-anchored Logan Village Marketplace to a Sydney-based private investor for $16.3 million. The transaction, managed by CBRE’s Joe Tynan and Michael Hedger, reflected a sharp yield of 5.07%.
The fully leased 3,241 sqm centre features a 2,794 sqm Woolworths supermarket on a 20-year lease, contributing 72% of the income. With a WALE of over 8.6 years and 86% of GLA secured by Woolworths, the centre attracted strong interest, generating 130 enquiries and 11 offers, including six from offshore investors.
Strategically located in the Brisbane-Gold Coast corridor, Logan Village sits within Queensland’s fastest-growing LGA, forecast to reach 600,000 residents by 2046.
BRISBANE - $4.05 million
A premium hardstand site at 25 Harris Road, Pinkenba in Brisbane’s Northern TradeCoast Industrial Precinct, has sold for $4,050,000 at a sharp yield of 4.26%.
The 4,164 sqm IN2-zoned site offered strong holding income and future development upside. The vendor, a local family, bought the property in mid-2022 for $3,000,000 + GST and leased it out in 2023 after initially using it for their business.
A Singapore-based investor acquired the site, represented by Robert Martin of M Commercial, while Jack Gwyn and Jared Doyle of RWC Gateway managed the transaction.
BRISBANE - Undisclosed
Timeless Property has acquired two premium industrial lots within the Redbank Motorway Estate in Southwest Brisbane.
CBRE’s Jack Hardy and Matthew Frazer-Ryan managed the sale of Lots 36 & 37 Montgomery Street via an Expressions of Interest campaign.
The two lots with a combined area of 33,584 sqm were benched and serviced, with titles ready for purchase, making it an ideal opportunity for developers to establish a presence in the area.
Mr Frazer-Ryan, CBRE’s Queensland Industrial & Logistics Director, noted there was significant market interest in the assets.
South Australia
MOUNT BARKER - $11.7 million
Stonebridge Property Group has announced the successful sale of Dan Murphy’s Mount Barker, located at 52-60 Hutchinson Street, Mount Barker, SA. The freestanding retail asset sold for $11.7 million, achieving a record-low yield of 5.13%.
This outcome represents one of the sharpest yields paid for a non-metropolitan Dan Murphy’s or single-tenant Large Format Retail (LFR) property in recent years, highlighting strong investor appetite and confidence in this asset class.
The national sales campaign was led by Stonebridge Property Group Partners Michael Collins, Tom Moreland, Rorey James, and Kevin Tong.
OTTOWAY - $3.1 million
Colliers’ Tom Barrett and Luke Brown have successfully settled the sale of a versatile office warehouse at 3 Duncan Court, Ottoway for $3.1 million, which was acquired by a national owner-occupier.
Offered with vacant possession, the site features a versatile office warehouse facility of 564 square metres on a generous 2,859 square metre plot. With a low building-to-site ratio, it presented an ideal opportunity for occupiers or developers to acquire the site with potential for development (STCA).
Luke Brown, Colliers’ Executive Industrial & Logistics, said, “The asset was surplus to the previous owner's business requirements and the sale assisted with their site consolidation strategy.”
New South Wales
ASHFIELD - Circa $10 million
A high-quality co-living investment in a sought-after inner western Sydney location has sold for around $10 million as demand for the asset type continues to be strong.
The property at 59 Liverpool Road in Ashfield consists of 32 high studio apartments over three floors with a large common room and outdoor backyard area as well as a common laundry.
It is located around 550 metres from the Summer Hill Train Station and retail village.
The co-living asset was purchased by an overseas investor from India prior to the close of an Expressions of Interest (EOI) campaign run by Anthony Pirrottina, Adam Droubi and Demi Carigliano of Knight Frank.
Victoria
KEW - $4.35 million
Colliers is pleased to announce the off-market sale of a prominent two-level office building at 714–716 High Street, Kew East. The modern office, totalling 902 sqm, was sold to a local owner-occupier.
The vendor, City Circle Group, has owned and occupied the property since 2017 and is now relocating to West Melbourne.
Strategically positioned in the affluent suburb of Kew East, the property is within short walking distance of the highly sought-after Harp Village retail precinct, which offers a range of amenities. It also boasts immediate access to Burke Road, Doncaster Road, and the Eastern Freeway, and is just 7.3km from the Melbourne CBD.
The sale was managed by Colliers agents Alex Browne, Eddie Foulkes, Matt Knox, and James Zhuang.
