THE PROPERTY DEVELOPMENT REVIEW
NSW DESCRIPTION
VENDOR/ PURCHASER AGENCY
SALE $
Michael Collins, Tom Moreland, Aike Sakeson and Rory Alexander of Stonebridge Property Group
50 Kungala Road, Halfway Creek
The strategic Ampol Halfway Creek truck stop has sold for $13 million, reflecting a 5.92% yield following a competitive national campaign.
$13 million
Undisclosed
51–57 Fleurs Street, Minchinbury
An infill development site at 51–57 Fleurs Street, Minchinbury has sold for $8.7 million, highlighting strong demand for smaller-scale development opportunities across Western Sydney.
Alex Mirzaian and Ben Wicks of CBRE
$8.7 million
Undisclosed
49–51 Moncur Street, Woollahra
A tightly held freehold restaurant investment at 49–51 Moncur Street, Woollahra has sold for circa $4.3 million, reflecting a sharp 2.8% net yield.
$4.3 million
Undisclosed
Paul Grasso of Colliers
Circa $40 million
99–101 Schofields Road, Rouse Hill
A major development site at 99–101 Schofields Road, Rouse Hill has sold for circa $40 million, with NEX Property acquiring the DA-approved project amid shifting market preferences.
P: NEX Property
Alex Mirzaian of CBRE
$10.425 million
10-12 Egan Street, Newtown
UKO Newtown Village at 10-12 Egan Street, Newtown has sold for $10.425 million following strong buyer competition during an Expressions of Interest campaign.
James Masselos and Adam Droubi of Knight Frank
Undisclosed
11 Denton Park Drive Rutherford
The Hunter Gateway Motel in Rutherford has sold for $8.5 million, with the freehold acquired by the Trinity Accommodation Regional Hospitality Fund (TARHF).
P: Trinity Accommodation Regional Hospitality Fund
$8.5 million
Trudy Crooks of ResortBrokers
A portfolio of logistics assets at 63 Jedda Road, Prestons and 78 Templar Road, Erskine Park has sold for a combined $193 million, highlighting continued institutional demand for premium Sydney industrial assets.
Tony Iuliano, Adrian Rowse, Chris Jones and Nils Gaha of Cushman & Wakefield
63 Jedda Road, Prestons
$193 million
Undisclosed
275 Princes Highway, Corrimal
EG Ampol Corrimal at 275 Princes Highway, Corrimal has sold for $3.8 million, reflecting a 6.09% yield.
Yosh Mendis, Sam Mulcahy and Hamish Grant of CBRE
$3.8 million
Undisclosed
QLD 171–181 Robertson Street, Fortitude Valley
VENDOR/ PURCHASER AGENCY
DESCRIPTION
SALE $
A landmark James Street precinct asset at 171–181 Robertson Street, Fortitude Valley has sold for more than $30 million following a highly competitive campaign. A prized freehold asset at 116 Robertson Street, Fortitude Valley has sold for $4.8 million following a highly competitive Expressions of Interest campaign.
$30 million
Undisclosed
Tom Barr of RWC Queensland
116 Robertson Street, Fortitude Valley
Hayden Ryan and Jacob Heinke of Knight Frank
$4.8 million
Undisclosed
67 Harbour Esplanade, Burnett Heads
The landmark Gateway Marina development site at Burnett Heads has sold following a competitive receivership process, with original developer Simon Harvey regaining control of the project.
$250 million
P: Simon Harvey
Philip O'Dwyer of Colliers
67–77 Trade Street, Lytton
An industrial investment at 67–77 Trade Street, Lytton has sold off-market for $34 million, reflecting a sharp 4.79% yield.
James Wilkie, Trent Gallagher and Angus Yule of Colliers
$34 million
Undisclosed
97 Noosa Drive, Noosa Heads
A prominent commercial wellness asset at 97 Noosa Drive, Noosa Heads has sold for $5.8 million following a highly competitive Expressions of Interest campaign.
Paul Butler and David Brinkley of RWC Noosa & Sunshine Coast
$5.8 million
Undisclosed
65 Backhouse Place, Eagle Farm
An A-grade industrial facility at 65 Backhouse Place, Eagle Farm has sold for $16.5 million, reflecting a 5.45% yield.
Elliot Ryan and Ben Hatch of Knight Frank
$16.5 million
Undisclosed
1/174 Galleon Way, Currumbin Waters
A fully leased healthcare investment at 1/174 Galleon Way, Currumbin Waters has sold for $4.925 million, reflecting a 5.87% yield.
Hayden Ryan, Jacob Heinke and Clem Stack of Knight Frank
$4.925 million
Undisclosed
Tom Moreland, Michael Collins, Thomas Proberts and James Freemantle of Stonebridge Property Group Hunter Higgins and Brendan Hoganof Colliers, together with John Shepherd of Gallus Partners
60 Wesley Road, Griffin
A Goodstart Early Learning childcare freehold at 60 Wesley Road, Griffin has sold for $7.7 million, reflecting a 5.30% yield.
$7.7 million
Undisclosed
33 Brookes Street, Bowen Hills
A landmark heritage office asset at 33 Brookes Street,Bowen Hills has sold for $4.052 million, with local developer MillenniumBrookes Pty Ltd securing the property amid strong buyer competition.
P: MillenniumBrookes Pty Ltd
$4.052 million
1264 Sandgate Road, Nundah
A freestanding commercial property at 1264 Sandgate Road, Nundah has sold for $2.3 million, reflecting a 5.48% yield following a competitive Expressions of Interest campaign.
Jacob Heinke and Hayden Ryan of Knight Frank
$2.3 million
Undisclosed
June / July 2026 – 9
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