MARKET MOVES VIC DESCRIPTION
VENDOR/ PURCHASER AGENCY
SALE $
A four-property Motus automotive dealership portfolio across Traralgon and Leongatha has completed its sell-down for a combined $38 million, highlighting continued investor demand for purpose-built automotive assets backed by secure income and substantial underlying landholdings. The portfolio comprised four dealership investments and achieved a blended yield of 6.51%. The largest asset at 5567 Princes Highway, Traralgon sold for $23.5 million, while properties at 5533 and 5535 Princes Highway sold for $5.4 million and $5.6 million respectively. The final asset at 6–8 Koonwarra Road, Leongatha changed hands for $3.5 million. A prominent development site at 565 Orrong Road, Armadale and 693–699 High Street, Prahran has sold to a joint venture between local developers Kervale and Karta Group following a competitive Expressions of Interest campaign. The 1,280sqm Orrong Corner site occupies a high-profile intersection with more than 72 metres of combined street frontage. An indicative mixed-use scheme prepared for the site comprises 40 apartments and 660sqm of commercial space across eight levels. A portfolio of three standalone industrial properties in Melbourne's bayside industrial precinct has sold for a combined $5.985 million to a private developer and investor, highlighting continued demand for strategic infill industrial opportunities across Melbourne's south-east. The portfolio attracted more than 65 enquiries through a competitive Expressions of Interest campaign, with interest from investors, owner-occupiers and developers. The medical investment at 44 Highbury Road, Burwood has sold for $2.52 million following a competitive Expressions of Interest campaign, highlighting continued investor demand for securely leased healthcare assets across Melbourne. The property is leased to Honeycomb Health on a newly exercised five-year term with six further five-year options and sold on a 5.12% yield. The retail investment at 36 Church Street, Brighton has sold under the hammer for $4.01 million, following a competitive auction that attracted three bidders and achieved a sharp 3.9% yield. The property comprises a 201sqm two-level building on a 184sqm site, with the ground-floor retail space leased to international eyewear and optometry retailer Bailey Nelson on a 5+5-year lease from November 2024. The freehold industrial warehouse at 11 Horscroft Place, Moorabbin has sold under the hammer for $1.9 million to an owner-occupier, following a competitive auction campaign. The property achieved a building rate of $3,392 per sqm, with the campaign attracting multiple offers and interest from owner-occupiers, investors and land bankers. The strata office at Level 2, 15 Claremont Street, South Yarra has sold with vacant possession to HTA Advisory, marking the suburb's third-largest strata office transaction of the past decade. The 779sqm whole-floor office features an existing fit-out, 13 secure basement car spaces and upgraded lobby areas. The industrial investment at 122 Radnor Drive, Deer Park has sold off-market for $12.25 million, highlighting continued investor demand for securely leased industrial assets across Melbourne's western industrial market. Positioned on a 10,475sqm site, the property comprises 4,184sqm of high-clearance office and warehouse accommodation, extensive concrete hardstand and is securely leased to national operator Global Industrial. The Nando's investment at Cranbourne North has sold for $5.845 million to a NSW-based private investor, following a competitive Expressions of Interest campaign and reflecting a 5.30% yield. Positioned within WT Business Park, the fast-food investment attracted interest from local, interstate and offshore investors. The landmark retail freehold at 105–109 Ocean Beach Road, Sorrento has sold prior to auction for $4.3 million, achieving a sharp 3.47% yield after being held by the same family for almost four decades. The 628sqm Commercial 1 Zoned site is home to national tenants Ghanda Clothing and Thirsty Camel.
5567, 5533 & 5535 Princes Highway, Traralgon; 6–8 Koonwarra Road, Leongatha
Rorey James and Kevin Tong of Stonebridge Property Group, together with Ben Wilson, Emma Dune and Emily Whitty of Wilson Property
$38 million
Undisclosed
565 Orrong Road, Armadale & 693–699 High Street, Prahran
Hamish Burgess, Oliver Hay, Daniel Wolman and Leon Ma of Cushman & Wakefield
P: Kervale and Karta Group (JV)
Undisclosed
Langton McHarg and Steven Salopek of Knight Frank Australia and McHarg Real Estate
Bayside industrial precinct (3 properties)
P: Private Developer and Investor
$5.985 million
44 Highbury Road, Burwood
Jeremy Gruzewski and Rod King of Aston
$2.52 million
Undisclosed
36 Church Street, Brighton
Mark Talbot, Tom Fisher and Ben Liu of Fitzroys
$4.01 million
Undisclosed
11 Horscroft Place, Moorabbin
Rodney King and Joshua Colosimo of Aston
$1.9 million
P: Owner-Occupier
Level 2, 15 Claremont Street, South Yarra
Xavier Nguyen and Eddie Foulkes of Colliers
Undisclosed
P: HTA Advisory
$12.25 million
122 Radnor Drive, Deer Park
Undisclosed
Knight Frank Australia
Cranbourne North (WT Business Park) – Nando's
$5.845 million
P: NSW-based Private Investor
Stonebridge Property Group
Justin Kramersh, Rick Jacobson, Nathan Mufale and Scott Hawthorne of CBRE
105–109 Ocean Beach Road, Sorrento
$4.3 million
Undisclosed
12 – September / October 2026
Powered by FlippingBook