947 Burke Road, Camberwell
The shop and dwelling sold at a record land rate of more than $17,000/sqm which equated to a 4.3% yield on the net passing income. The ground floor is leased to Classique Nail Spa on a 5+5-year term and the first floor on a 2 year term to a residential tenant.

150-154 Glenferrie Road, Malvern
The two-level, double fronted building of 569sqm sold for $6.8 million, with leases to ANZ Bank of 7 years, and Sushi Gallery and JT’s CrossFit Training studio for a combined return of $311,000pa net. The 560sqm site is zoned Commercial 1.

308 Carlisle Street, Balaclava
Start-up juice company Does It Fit committed to a long-term deal for the 106sqm space within Urban DC’s No. 308 mixed-use development, and will pay $65,000pa net.

804 Heidelberg Road, Alphington
Disability, mental health and NDIS services provider Guidestar Life leased the two remaining ground floor retail spaces of a combined 177sqm of the new Editor Apartments development. It signed a 4 3-year deal at $66,000pa net, while a Collins St dentist has leased the other unit of 127sqm to establish a local practice.

237-239 Nepean Highway, Gardenvale
Yes Fitness 24/7 Gym leased the 1,131sqm property on a 10-year term.

1 Nepean Highway, Mentone
Car dealership LDV is relocating down the highway from Brighton East, agreeing to pay a reported rate of between $230-$290/sqm.

4/286 Maroondah Highway, Chirnside Park
Lombard The Paper People signed a 7-year deal over the 1,093sqm showroom at $230/sqm gross.

317/87 Gladstone Street, South Melbourne
Corporate catering, and venue and events management company GEMA Group acquired the 105sqm New York-style office in South Melbourne for their new head office, paying $650,000 to previous owner occupier Brandbuild.

Level 11, 140 Bourke Street, Melbourne
HGC Administration services sold the 620sqm penthouse office floor on level 11, as well as the rooftop, for $6.975 million. They sit atop the 14-level former Hoyts complex, completed in 1969, which was Australia’s first multi-screen cinema and in recent years converted into strata office and retail.

2 Macquarie Street, South Yarra
Ben Buxton sold the converted 473sqm two-level warehouse, which he had used for his graphic design studio, for $3.13 million. The building is on a 306qm site that has five parking spaces and Activity Centre Zoning.

89-91 City Road, Southbank
Healthcare tech company Emprevo is moving from Hawthorn East to the 324sqm level 1 office, and will pay $390/sqm gross over 5 years.

114 Gaffney Street, Coburg North
An investor paid $1.425 million for the 330sqm warehouse on a 509sqm corner site that is zoned Industrial 3.

50 Rushdale Street, Knoxfield
Investors picked up the respective office and warehouse units at more than $1,300/sqm and at circa 5.2% yields. Lot 3 sold for $315,000, and Lot 4 for $320,000.

2139 Princes Highway, Clayton
A local developer bought the Commercial 2-zoned 1,846sqm site, which has a 486sqm office and showroom building, at a land rate of $1,300/sqm.

73 Westminster Street, Oakleigh
The 450sqm office and warehouse property, on a 730sqm site, sold for $1.25 million with a 3+3-year lease to a landscaping company returning $71,683pa net.

8 Sloane Street, Maribyrnong
Training Ahead Australia leased part of the two-level office and warehouse building on a 3-year deal at $120,000pa. The property was formerly the headquarters of Sunbeam and is also partially tenanted by The Good Guys, which has its Maribyrnong outlet next door.

7-11 Phoenix Street, South Yarra
The long-time home home of photography studio 7 Phoenix Studios, and Parker Pens before that, sold for $2.405 million with vacant possession. An owner occupier will convert the 390sqm brick building into a residence.