G23, 55 Cumberland Drive, Maribyrnong
Private investors traded the waterfront restaurant on the Maribyrnong River for $2.4 million, reflecting a 5.1% yield. The property has a building area of 465sqm building area that includes a restaurant and function centre, and an additional outdoor terrace of 255sqm. It is leased to Riviera Café and Restaurant on a 6+6+6-year deal.

187 Settlement Road, Thomastown
A Hong Kong-based investor acquired the Gainsville showroom for $7.8 million, at a 6.72% yield. The 7,026sqm outlet is on a 1.238ha site, over which the furniture retailer has a 10-year lease with two five-year options.

Shop 1, 199 William Street, Melbourne
Developer Hengyi sold the Absolute Health & Performance ground floor gym of 369sqm for $5.05 million, at a 4.72% yield.

Shops 3A & 3B, 2 Queen Street, Melbourne
The strata shops sold together for $3.84 million at a 4.4% yield. They have a total area of 192sqm are on the ground level of the 12-storey Q2 commercial building.

116 Newquay Promenade, Docklands
Two levels of vacant strata retail and office space of 937sqm were traded between private investors for $4.1 million. The property has an existing kitchen and bar fit-out.

506 Centre Road, Bentleigh
The 75sqm Envogue Hair Design salon is on a 201sqm site that sold for $1.002 million at a 3.5% yield.

352 Chapel Street, South Yarra
National hospitality operator Red Chilli Group signed a seven-year deal over the fully-fitted 320sqm restaurant space, at $165,000pa net with 3.5% annual increases.

114 Flinders Street, Melbourne
US-based fitness group Barry’s Bootcamp will open its first Melbourne site after leasing 700sqm across a ground floor retail space and first-floor parking level within the 16-level commercial car park building, owned by Hong Kong group HK Realway.

320 Little Lonsdale Street, Melbourne
Eclipse Coffee will open its third café after signing a seven-year lease at $1,700/sqm for the 50sqm space.

176 Chapel Street, Windsor
Greek desserts shop Lukumades has taken up 59sqm on a five-year deal at $60,000pa.

501 Church Street, Richmond
A private investor paid $7 million for the two-level corner building of 645sqm. On a 502sqm site zoned Commercial 2, the property includes a Woven Treasures rug store outlet, multiple office spaces and 12 on-site parking spaces.

131 Queen Street, Melbourne
The International Buddhist College sold the two vacant strata levels of a combined 894sqm to property developer and investor Harry Chua for $7.25 million.

Suite 210, 12-14 Cato Street, Hawthorn East
Archmap Architecture inked a five-year lease at $375/sqm net over the 200sqm suite with six parking spaces.

52-54 Rosslyn Street, West Melbourne
A local law firm signed a 4+4+4-year lease over the three-level building, which includes a two-bedroom penthouse apartment, at $220,000pa.

68-74A Chapman Street, North Melbourne
VincentCare Victoria sold the Bailly House homeless hostel site to a development syndicate $7.75 million. The 3,062sqm property sold with a permit for 19 townhouses, and is behind VincentCare’s future home, Ozanam House, of 11-levels at 179-191 Flemington Road that is currently under construction.

59 Culcairn Drive, Frankston South
A local developer paid $812,000 for the 1,177sqm site, which has approval for four three-bedroom dwellings.

30 Brand Drive, Thomastown
Whittlesea Council sold the 3,170sqm office and warehouse building leased to Cabrini Health for $3.61 million. It is on an Industrial 1-zoned site of 5,578sqm site and has a new 3+3-year lease with an annual returns of $200,000 plus GST.

8-10 Wadhurst Drive, Boronia
The vacant 1,240sqm office and warehouse facility is on a 2,509sqm site with 14 on-site parking spaces and sold for $2.23 million.

254A-268 Ballarat Road, Braybrook
A national storage company acquired the 6,087sqm site for $3.87 million. The property covers four titles and has a 255sqm office and showroom building, and frontages of 60m to Ballarat Road and 100m to Annesley Street

459 Brookfield Boulevard, Mickleham
The Nino Early Learning childcare centre traded for $6.35 million. It has a 20-year lease and is licenced for 140 place, and returns $420,000pa net.

9-11 Martin Street, Heidelberg
An owner occupier acquired the 425sqm ground floor strata medical centre off-the-plan for more than $3 million. It will be part of the Martin & Powlett residential tower.