325 Brunswick Street, Fitzroy
A South Australian investor paid $2.9 million for the 230sqm building, home to China Bar, which is on a 177sqm corner site. The property’s recently renewed lease returns $208,669 plus outgoings and GST.
125 Highbury Road, Burwood
An investor paid $1.23 million for the 365sqm property, which is leased to Bells & Whistles Café. It returns $67,000pa plus outgoings and GST from a 5+5+5-year lease.
293 Waverley Road, Malvern East
The 56sqm building on a 242sqm site sold with vacant possession for $815,000.
11/17-19 Stephen Street, Belmont
The 89sqm retail space on a 248sqm Commercial 1-zoned site sold for $650,000. It has a 5+5+5+5-year lease from November 2024 to The Wellness Studio returning $33,090pa plus outgoings and GST.
Levels 14-15, 50 Market Street, Melbourne
A migration agent acquired the 358sqm penthouse office for $3 million, at $8,380/sqm.
116-120 Hardware Street, Melbourne
The 222sqm penthouse office of retired criminal lawyer Bernie Ballmer sold for $1.53 million, to a buyer who will move from 333 Collins Street.
195 & 199 Heidelberg Road, Northcote
An industrial developer acquired the 3,049sqm Industrial 3-zoned property for $5.5 million.
636 Somerville Road, Sunshine West
The 745sqm warehouse with a 2-level office/showroom space sold for $1.8 million.
17 Kraft Court, Broadmeadows
An investor paid $1.275 million for the 414sqm office and warehouse on a 575sqm site. It currently has a 3-year lease to a childcare centre business.
6/8 Garden Road, Clayton
The 303sqm office and warehouse unit with 4 on-site car parks sold for $1.1 million. It was offered with a lease to August 2025 with no further options.
1/17 Churchill Street, Williamstown
The vacant 256sqm office and warehouse with 3 car parks sold for $950,000.
2/1 Archer Drive, Mornington
The 225sqm office and warehouse unit with 4 car parks sold for $890,000.
1/25 Goodyear Drive, Thomastown
The 205sqm warehouse unit, which includes a 62sqm mezzanine office, sold for $760,000.
403 Pakington Street, Newtown
Hamilton Group acquired the 29,280sqm site 'The Mill' for around $32 million. The property has approval for a mixed-use development with 314 apartments and 29 townhouses.
19-21 Rankins Road, Kensington
The 399sqm block of 6 2-bedroom apartments with 6 car parks sold for $2.275 million. It has 12 titles in total; 1 for each of the units and car parks.
106 McLeod Road, Carrum
The 52-place childcare centre property sold for $3.8 million, on a 5.75% yield. It has a renewed 10-year lease to 2034 with a 10-year option to G8 Education, which brings $218,564pa plus GST.
Land-Rich Supermarket Investment with Major Upside
A land-rich supermarket investment occupied by an IGA Supermarket + Liquor and offering major upside is on the market.
Fitzroys’ Chris Kombi, Chris James and Ben Liu are marketing 90-94 Lower Plenty Road, Rosanna on behalf of a private vendor. The property has been owned within the same family for 40 years.
A price of $3 million-plus is expected.
The property comprises a substantial 540sqm building with loading dock, on a significant Commercial 1-zoned landholding of 737sqm with rear access, an expansive street frontage of 16.4m, and on-site parking for up to 7 cars.
The property has a 5+5-year lease from November 2022 and has been operating as a supermarket for over 60 years, and also features a licensed Tattslotto outlet, located within the supermarket checkout area.
“We’re expecting interest from land banking investors, future owner occupiers and developers,” Kombi said.
“This property presents immediate performance and long-term potential. The generous land proportions and favourable Commercial 1 zoning offer strong future redevelopment potential (STCA) - buyers can secure a solid income stream from a high-quality, strong-trading tenant and assess their options for the future in a popular and growing location.”
In a high-profile position within the popular Rosanna Village shopping precinct, the property is surrounded by major tenants
including Chemist Warehouse, Australia Post, Bakers Delight and Jetts Fitness, as well as popular cafés, medical clinics, pharmacies, takeaway outlets, and specialty retailers.
It is also metres from a number of recently completed high-density residential developments.
“The local high-density development has really led to a significant increase in the local population supporting the Rosanna Village traders,” James said.
“We’ve seen a steady rise in residential development and property values in the area, with an increasing number of young families and professionals drawn to its blend of lifestyle and location. More medium-density housing projects are emerging and Rosanna’s population growth continues to underpin retail demand and long-term rental uplift.”
“The IGA supermarket really stands as a local favourite and community staple and has benefited further from the boost in catchment.”
Liu said the area is exceptionally well-connected with Rosanna train station a short walk away, providing access along the Hurstbridge line and a direct route to the Melbourne CBD, as well as multiple bus routes, safe pedestrian infrastructure and ample public parking enhancing accessibility and supporting frequent visitation.
Rosanna is further supported by premier local amenities including Rosanna Primary School, Viewbank College and major medical hubs such as Austin Hospital and Warringal Private Hospital, he noted.
Disclosure: The weekly Fitzroys Property Wrap is for information only on transactions in the Melbourne property market. Fitzroys provides this information as a public service. We are not purporting that all sales and leases within this report were transacted by Fitzroys. Terms/Privacy © Copyright 2025 Fitzroys.