South Australia
DRY CREEK - $50.5 million
A high-quality and well-located industrial facility in Adelaide’s inner north has sold for $50.5 million in an off-market deal.
The 9.413-hectare site at 8-16 Vater Street in Dry Creek, 16 kilometres north of the Adelaide CBD, was purchased by Harmony Property Investments in a deal negotiated by Knight Frank's Max Frohlich and Ryan Mills.
The property is 100% leased with existing improvements of 18,109 sqm, comprising the main warehouse of 15,813 sqm, in addition to a workshop of 2,296 sqm and a licence agreement over a 14,588 sqm hardstand.
The improvements provide site coverage of approximately 20%, with significant hardstand and further expansion potential.
ALDINGA - $1.021 million
A local buyer has acquired a vacant medical consulting practice property in the southern Adelaide suburb of Aldinga, with an eye to the area’s strong growth prospects.
McGees Property’s Tim Pozza and James Juers sold 35 Old Coach Road on behalf of a private owner. The sale price was $1.021 million plus GST.
Built by the vendor, the property comprises a building of 111 sqm with a flexible layout, comprising two consulting rooms and reception and offices, with solar power, on a 700 sqm site with 12 on-site car parks and dual-entry driveway.
It was previously occupied by Aldinga Osteo & Co. Pozza said the purchaser is a locally-based finance company familiar with the location and keen to be a part of its growth story.
Victoria
TRUGANINA - $22.68 million
AND Property's Ricardo Cappelletti and Bryce Pane have successfully sold two premium industrial land parcels located at 52 and 58 Doriemus Drive, within the esteemed Axiom Estate, these properties represent the final release of land in one of Melbourne’s most sought-after industrial precincts.
The combined offering spans approximately 25,210m², with 52 Doriemus Drive encompassing 12,640 m² and 58 Doriemus Drive covering 12,570 m². Both sites feature dual street frontage and drive-through capability, providing exceptional flexibility for a range of industrial uses.
Positioned in Melbourne’s western growth corridor, the properties offer seamless access to the Western Freeway and Western Ring Road.
PORT MELBOURNE - $2.755 million
The home of arguably Melbourne’s best fish and chips has netted a strong sale result, as passive investors seeking higher yields and lower land tax liabilities continue to pursue strata assets.
Fitzroys’ Chris Kombi and Tom Fisher negotiated the sale of 105 Beach Street, the home of the famous D’Lish Fish, overlooking Station Pier and adjacent to Port Melbourne Beach, Beach Cove Light Rail Station and Waterfront Place, and moments away from Bay Street.
The sale price reflected a high building rate of more than $10,000 per sqm. A local investor was the purchaser. The property was offered with a secure 10+6+6+6-year lease to the longstanding business.
ROSEBUD - Undisclosed
A private local investor has acquired a purpose-built physiotherapy centre in Rosebud following strong buyer interest in the healthcare asset.
The sale of 42-44 Boneo Road was brokered by CBRE’s Australian Healthcare & Social Infrastructure team of Sandro Peluso, Jimmy Tat, and Kai Wang.
Situated on a 1,596 sqm parcel of General Residential zoned land, the 655 sqm centre is leased to a single tenant, Lifecare Physiotherapy, with a renewed five-year lease plus options to 2039.
Mr Peluso noted the property saw strong bidding, with four offers received from domestic and international investors.
Queensland
TOWNSVILLE - $11 million
Neville Smith of Burgess Rawson in conjunction with Glenn Conridge of Commercial East Coast Investments has transacted a high-profile automotive asset for $11 million in North Queensland.
Located at 515-593 Sturt Street, the property spans 7,590 sqm across seven individual titles, benefitting from a prominent location with three street frontages. With a 160-metre frontage to Sturt Street—Townsville’s Gateway to the CBD—the site enjoys excellent visibility and exposure to 15,555 cars passing daily.
The asset also boasts substantial investment from the tenant, who completed a $2.1 million refurbishment and rebuild in 2022, ensuring the property remains modern and highly functional for years to come.
The tenant, who has been established for over 50 years, is secured under a net lease with a term running to August 2029, plus four additional five-year options extending to 2049.
