THE PROPERTY DEVELOPMENT REVIEW
NSW DESCRIPTION
VENDOR/ PURCHASER AGENCY
SALE $
The Orange Grove Hotel at 305–311 Balmain Road, Lilyfield has sold following a competitive Expressions of Interest campaign, highlighting continued investor demand for well-located metropolitan hospitality assets across Sydney's Inner West. The freehold going concern occupies a prominent 934sqm corner site and features a sports bar, bistro, bottleshop, 12 gaming machines and 12 accommodation rooms, together with an on-site manager's residence. Two landmark Sydney pubs, The Clock Hotel in Surry Hills and The Bank Hotel in Newtown, have exchanged contracts in a $91 million portfolio transaction, with Australian Venue Co (AVC) acquiring the venues in partnership with a private freehold property investor. The transaction brings an end to long-term ownership of both properties, with The Clock held for 23 years and The Bank for 14 years. McGraths Hill Home at 10 Industry Road, Vineyard has sold for $66.8 million to Sydney-based investment company Centennial, highlighting continued investor demand for tightly held large-format retail assets. The centre occupies a substantial 37,840sqm site in Sydney's north-west growth corridor and is anchored by major retailers including Bunnings Warehouse and Harvey Norman. The Macquarie Barracks Motor Inn at 103 Hastings River Drive, Port Macquarie has sold to experienced pub owner Alistair Flower, expanding his hospitality interests alongside the adjoining Settlers Inn. The 37-room, four-star motel forms part of a combined hospitality and accommodation precinct spanning approximately 3.5 acres. The iconic Crown Hotel in Camden has sold off-market for the first time in 30 years, highlighting continued demand for established hospitality assets across Sydney's rapidly growing south-west corridor. The multi-faceted hotel generates approximately $110,000 in weekly revenue and includes 20 motel rooms and 24 gaming machine entitlements. Eastern Creek Quarter Large Format Retail (ECQ XL) in Western Sydney has sold for $49 million, with MA Financial Group acquiring the asset from Vicinity Centres. Completed in 2022, ECQ XL comprises more than 11,000sqm of large-format retail accommodation, anchored by Officeworks, 4WD Supacentre, Anaconda and RSEA Safety. The newly developed self storage facility at 3 Holbeche Road, Arndell Park has sold for $34 million to StoreLocal, forming part of a $57 million two-asset acquisition across Western Sydney. The facility spans a 9,008sqm site and provides 9,060sqm of net lettable storage space across three levels. The newly completed self storage facility at 5 Abel Street, Jamisontown has sold for $23 million to StoreLocal, expanding the operator's presence across the growing Western Sydney market. The property occupies a 6,306sqm site and comprises 6,172sqm of net lettable storage space across three levels.
305–311 Balmain Road, Lilyfield (Orange Grove Hotel)
Leon Alaban and Drew Mitchell of Savills Hotels & Hospitality
Undisclosed
Undisclosed
The Clock Hotel, Surry Hills & The Bank Hotel, Newtown
P: Australian Venue Co (AVC) & Private Freehold Investor
John Musca, Ben McDonald and Kate MacDonald of JLL Hotels & Hospitality Group
$91 million
10 Industry Road, Vineyard (McGraths Hill Home)
V: Stirling Property Funds Management P: Centennial
$66.8 million
James Douglas of CBRE
103 Hastings River Drive, Port Macquarie (Macquarie Barracks Motor Inn)
Malcolm Mathie and Ray Larkin of Manenti Quinlan & Associates (MQ & Associates)
Undisclosed
P: Alistair Flower
Edward Browne and James Smithers of JLL Hotels & Hospitality
Crown Hotel, Camden
Undisclosed
Undisclosed
Eastern Creek Quarter Large Format Retail (ECQ XL)
V: Vicinity Centres P: MA Financial Group
$49 million
Simon Rooney of CBRE
3 Holbeche Road, Arndell Park
John Micallef and Jason Edge of CBRE
$34 million
P: StoreLocal
5 Abel Street, Jamisontown
John Micallef and Jason Edge of CBRE
$23 million
P: StoreLocal
TAS
VENDOR/ PURCHASER AGENCY
DESCRIPTION
SALE $
The government-leased office and warehouse facility at 89 Cambridge Park Drive, Cambridge has sold for $28.05 million to an interstate investor, reflecting an initial yield of 7.15%. The asset comprises 6,897sqm of lettable area on a substantial 28,080sqm corner site, with 163 car parks. It is fully leased to the Tasmanian State Government.
Tom Ryan and Trent Preece of Knight Frank, together with Scott Newton and Richard Steedman of Elders Commercial
89 Cambridge Park Drive, Cambridge
$28.05 million
T: Tasmanian State Government (tenant)
WA
VENDOR/ PURCHASER AGENCY
DESCRIPTION
SALE $
A major industrial landholding at 201 Stock Road, Bullsbrook has been acquired by Troon Group for $80 million, marking the developer's first entry into the Perth market. The 180-hectare site, approximately 15 kilometres north of Perth, has an approved planning permit and is set to be subdivided into approximately 130 industrial lots for sale and lease.
Andrew Bell, Chris O'Brien and Josh Deluca of CBRE, alongside Matt Lyford of Industrial & General
201 Stock Road, Bullsbrook
$80 million
P: Troon Group
September / October 2026 – 13
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