662 Burke Road, Camberwell
An owner-occupier with plans to establish a new café and hospitality business bought the strata-titled property for around $10,000/sqm.
105 Elizabeth Street, Melbourne
The 870sqm 5-storey building sold for $6 million. Coleman’s Music shop occupies the ground floor with offices above. Current return is $283,798pa, and fully leased near $600,000pa.
177-181 Johnston Street, Collingwood
Home to the Barleycorn Hotel, the 600sqm building sold for $2.51 million. In recent years used as a backpackers hostel, the buyer is planning to return to property to hospitality use.
1/175-177 Percy Street, Portland
An investor bought the brand-new 548sqm retail showroom, occupied by Vinnies, for $1.416 million, on a 6.02% yield. It has a 7-year lease with options to 2042 bringing $85,227pa plus GST.
3/14 Koolkuna Lane, Hampton
The 77sqm café and nail salon premises sold for $705,000, on a 5.2% yield. It has a 10-year lease to Nailology to September 2034 plus a 5-year option, returning $37,525pa plus GST.
380 Canterbury Road, Ringwood East
An investor bought the 233sqm building on a 447sqm site for $685,000. Kings MMA has a lease until April 2026 with a 2-year option in place, currently returning $35,821pa plus GST.
77 Station Street, Malvern
An owner-occupier with plans to relocate from the outer eastern suburbs bought the 807sqm building for $5.05 million.
3/26 Aberdeen Road, Macleod
The 70sqm office with 2 car parks sold for $379,000.
33 Kiewa Valley Road, Wodonga
Baron Vanilla Management acquired the Civilmart manufacturing facility for $14.71 million. Civilmart, a subsidiary of Fortune 500-listed CRH, has a lease running to 2031 with options to 2071 over the 69,020sqm site.
5/27 Virginia Street, Mornington
A local investor paid $1.599 million for the vacant 504sqm high-clearance facility, which is on a 1,504sqm Industrial 3-zoned site with a 700sqm side yard.
7 Dib Court, Tullamarine
Zoned Industrial 1, the 2,801sqm parcel of land sold for $1.5 million.
24 Drake Boulevard, Altona
The vacant 325sqm office and warehouse with 5 car parks sold for $1.25 million.
4-6 Capital Drive, Grovedale
Offered with vacant possession, the 450sqm warehouse and showroom building on an 891sqm Commercial 2-zoned site with 10 car parks sold for $1.075 million plus GST.
3 Harrison Court, Melton
The 443sqm clear span warehouse on 631sqm of land sold for $1.05 million. It currently returns $52,000pa plus GST from a lease to GM Windscreens & Tinting.
Unit 2, 3-7 Raptor Place, South Geelong
The 285sqm warehouse with 4 car parks sold with vacant possession for $830,000 plus GST.
79 Ormond Road, Elwood Village
The mixed-use complex, comprising 16 residential units and 2 ground floor shops on an 870sqm Commercial 1-zoned corner site, sold to construction business Hudson Conway head Nick Williams for $5.38 million.
42 Great Alpine Road, Bairnsdale
The 2,426sqm corner site home to the 4-star, 16-room Bairnsdale Motel sold for $2.24 million, on a 7.48% yield. The new 10-year lease with options to 2055 returns $167,460pa plus GST.
A sensational city fringe corner freehold that has just hit the market is expected to attract the interest of owner-occupiers, investors and developers alike.
Fitzroys’ Mark Talbot and Tom Fisher are marketing 168-174 Dorcas Street, South Melbourne via Expressions of Interest closing Thursday, August 14 at 3pm.
Expectations are of $4.75 million-plus.
The property comprises a prominent building of 1,077sqm split over 2 levels, plus basement car parking for 18 cars entered from Tope Street. It is on a site area of 694sqm with extensive street frontages and side road access, zoned Commercial 2 with Design And Development Overlay - Schedule 8 (DD08) promoting a preferred building height of six levels.
The property is offered with substantial holding income of $162,690pa, with the ground floor leased to CDS Worldwide Pty Ltd since 2009.
“We’re expecting interest from owner-occupiers, investors and developers,” Talbot said. “It’s a perfect corner opportunity.
“Owner-occupiers have the rare chance to acquire and immediately operate from a functional, prominent, good-sized building in one of Melbourne’s most in-demand commercial and residential areas, surrounded by quality hospitality and lifestyle amenity.
He notes that owner-occupiers also have the flexibility to occupy the first floor as it is currently vacant, and at the same time, retain the ground floor tenancy to CDS and receive a sizeable income stream.
“Investors will recognise the strong demand from tenants for offices in South Melbourne, which ticks all the boxes as a highly accessible and vibrant lifestyle location, and is in line to be Melbourne’s next Cremorne.”
The new Anzac Station will link the area directly to the CBD and Cranbourne,
Pakenham and Sunbury lines and is within walking distance, as are Eastern Road and Kings Way tram services, and there is easy access via Moray Street to the Melbourne CBD, Southbank, Yarra precinct, Crown Casino, and Port Melbourne Beach, and vehicular access to Kingsway leading to the Westgate Freeway, CityLink and CBD.
Meanwhile, nearby are the South Melbourne Market, Coventry Street - one of Melbourne’s most popular lunchtime strips - and the popular Clarendon Street shopping and lifestyle strip that includes Coles, Woolworths, Dan Murphys, Vintage Cellars, Bed Bath N’ Table, Hector’s Deli, Fishbowl, Betty’s Burgers and all major banks.
Fisher said, “Developers will note the property is surrounded a number of recent first-class office developments including Deague’s 101 Moray, Moray Street and The Terraces by Fortis, Eastern Road by I&D Group, Hickory’s Market Lane, and BVIA on BANK.
“These developments have enjoyed strong take-up from tenants. There is clearly demand for new office product in South Melbourne.
“These developments have boosted the area’s worker population and further added to the vibrancy of the area. More people want to live, work and play in South Melbourne.”
Fisher added that the growth of office workers in the surrounds has come at the same time as a surge in the local residential population, with medium- and high-density living being built in South Melbourne and Southbank, as well as the adjoining Fishermans Bend precinct.
“Fishermans Bend is Australia’s largest urban renewal project and South Melbourne has a front-row seat. The huge population growth forecast for the area will also provide a major boost for the local worker catchment, underpinning demand for office space well into the future.”
Fishermans Bend is forecast to be home to around 80,000 residents by 2055.
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.