107-109 Flinders Lane, Melbourne
Property investor Harry Chua acquired the 6-storey building at the corner of AC/DC Lane for $14.8 million. The 1,568sqm building is leased to a hospitality tenant on the ground and basement levels.
430-436 Chapel Street, South Yarra
The Simonds family divested the 817sqm Chapel Lane Huts site for $9 million.
240-244 Mitcham Road, Mitcham
An Asia-based fuel operator acquired the BP-operated service station for $3.5 million, on a land rate of $2,060/sqm. The property sold with a 4-year weighted average lease expiry (WALE) and no options.
566 Chapel Street, South Yarra
An investor bought the 173sqm corner building for $2.92 million. Global optometrist and optical retailer Moscot occupies the property.
31-33 Park Street, South Melbourne
The vacant 936sqm double-storey building on 465sqm of land sold for $4.9 million. A developer with plans to occupy for the next 5-to-10 years was the purchaser.
21-23 Piera Street, Brunswick East
An investor acquired the vacant 420sqm warehouse on a 497sqm Mixed Use-zoned site for $1.91 million.
13 Lara Way, Campbellfield
Offered with holding income, the 1,320sqm office and warehouse on 2,100sqm of land sold for $3.2 million.
22/31 Keysborough Close, Keysborough
An interstate owner-occupier expanding into Victoria bought the 368sqm office and warehouse unit for $1.1 million, on a building rate of $2,989/sqm.
201 East Boundary Road, Bentleigh East
An owner-occupier bought the vacant medical facility for $1.7 million. The property comprises a 180sqm 20-level building with 8 consulting suites on a 673sqm General Residential-zoned site with 11 on-site car parks.
Multiple Bidders Competing At Melbourne Retail And Commercial Property Auctions
Multiple bidders are competing at retail and commercial property auctions, in a sign of the good health of the Melbourne market.
Four bidders competed in each of Fitzroys auctions held in Brighton, Bentleigh and Templestowe Lower, with record prices and tight yields achieved in the process.
Fitzroys’ Chris Kombi, Tom Fisher and Ben Liu sold 310-318 New Street, Brighton with the campaign culminating in another good auction crowd witnessing fierce competition between 4 investors.
The high $2.991 million sale price reflected a tight blended retail and office yield of 4.74%.
Kombi said a local land banking investor purchased the property, attracted to its fully leased nature, large land area, and exposure from the Bay Street and Barkly Street intersection.
“Although this is more of a destination location and not part of Brighton’s two main strips of Church Street and Bay Street, the price point associated with the size of the building and land attracted the more astute investors,” he said.
The property comprises a 505sqm fully-leased building with four tenancies, on a 493sqm Commercial 1-zoned landholding with a total 66.2m frontage and on-site parking for six vehicles.
“Well-leased assets in high-performing suburbs continue to be in high demand from investors seeking stability and long-term growth,” Kombi added.
“We’re seeing a confident market that’s in good health. Multiple bidders are competing at our auctions and we continue to see strong results for quality assets.”
Fisher said Brighton is home to an affluent and established catchment that is home to one of Melbourne’s highest median home values, and is in constantly high demand commercial tenants.
“The market recognised the rarity of the opportunity to gain a foothold in one of Melbourne’s most sought-after suburbs. Our campaign generated interest from local investors, and buyers from across Melbourne and Australia, as well as offshore.”
In Bentleigh, Fisher and Liu sold 461 Centre Road, Bentleigh in the high-performing shopping strip, with the $1.497 million sale price reflecting a sharp 4.36% yield.
“There’s immediate buyer demand for leased retail freehold assets,” Fisher said.
The 184sqm building is on 232sqm of land and is leased to Orana Pilates & Wellness.
Meanwhile, Kombi, Liu, and Fitzroys’ Shane Mills set a new sale price record for a retail building within the popular Macedon Square shopping precinct in Templestowe Lower. Strong bidding from 4 investors pushed the sale price of 35 & 35a Macedon Road to $3.038 million, showing a very high land rate of $18,638/sqm.
The 2-storey property is anchored by long-standing tenant TAB.
“This result, along with numerous others recently achieved by Fitzroys Sales Team is further confirmation that investor appetite for retail property has strengthened over the course of 2025,” Kombi said.
Multiple bidders also competed for a versatile West Melbourne office and warehouse property at another Fitzroys auction at 181-185 Hawke Street.
Mills and Fitzroys’ Mark Talbot generated more than 75 enquiries during the campaign, with a value-add buyer ultimately securing the 204sqm city fringe freehold, which had Special Use – Schedule 6 zoning.
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.