2-14 Thompson Road, Patterson Lakes
An investor paid $5 million on a 5.52% yield for the 2,234sqm corner fuel station site. EG Group has a renewed 10-year lease to October 2034 with 4 further 5-year options, returning $275,925pa plus GST net.
72 Willsmere Road, Kew
A local investor paid $1.35 million on a 4.8% net passing yield for the 288sqm property, which is occupied by restaurant The Village Grae. It has a 5-year lease from October 2024 with 3 further 5 year options, currently returning $80,000pa +GST net.
Shop 7/1 Hunt Way, Pakenham
The 103sqm showroom/office property sold for $709,000, on a 5.67% yield. It has a brand-new fit-out and is leased to G.J. Gardner Homes until November 2030 with 2 further 5-year options, bringing $40,225pa plus GST.
9 Alexandra Street, Melton
The 136sqm building, previously used as an accountant’s office, on 734sqm of land sold for $1.375 million.
15-21 Onslow Avenue, Campbellfield
The 2,450sqm older-style brick factory building on 3,177sqm of Industrial 3-zoned land sold for $4.38 million.
5 Buch Avenue, Epping
The 706sqm warehouse on 1,133sqm of land with multiple parking spaces sold for $1.7 million.
14 International Square, Tullamarine
The 1,748sqm office and warehouse on a 2,319sqm site with 14 parking spaces was leased as $237,500pa.
2-8 Maxwell Street, Kyneton
Occupying 3,756sqm across 4 crown allotments on 4 titles, the General Residential-zoned property sold with vacant possession for $2.075 million.
124 Corio Street, Shepparton
A NSW-based private investor paid $7.98 million on a 5.99% yield for the 700sqm medical clinic building, which is occupied by cancer care provider GenesisCare.
Melbourne’s prime shopping strip market is ramping up for 2026, with a generational opportunity in the absolute heart of one of the best-performing strips going to auction early next month.
Mark Talbot and Tom Fisher of Fitzroys are marketing 420 Hampton Street, Hampton on behalf of the owners of 37 years.
The auction is scheduled for Friday, 6 March at 12pm.
“This presents a true generational opportunity to invest or occupy in the absolute prime of Hampton Street,” Talbot said.
“We’ve been fielding enquiries from around Melbourne and Australia from astute investors and owner-occupiers looking to unlock the full potential of this highly flexible property in the core of a premier bayside suburb.”
The two-level, 185sqm open-plan building with first floor and rear amenities is on a substantial site area of 224sqm with rear access, and is surrounded by numerous national tenants including a high-performing Woolworths supermarket, with a Coles Local opening later this year; Chemist Warehouse, Flight Centre, BWS, Zambrero, Hampton Market, Grill’d, Bakers Delight, Bang Bang, Brown Cow and more.
Hampton Street, Hampton was highlighted in Fitzroys’ most recent Walk the Strip report for its strong performance over the past 12 months, underpinned by an even tenancy mix
that attracts heavy pedestrian traffic from a broad catchment, supporting trade and providing great opportunities for investors and businesses alike.
Walk the Strip showed Hampton Street has a vacancy of just 4.4%, one of the lowest in Melbourne and well below the Melbourne-wide average.
Off-street car parking is included, and the property is just metres from an abundance of car parking options and Hampton Train Station.
“Accessibility remains a timeless factor in determining the strength of a shopping strip, and Hampton Street is highly accessible from a broad catchment by both car and public transport,” Talbot said.
Hampton Street’s catchment provides with strong spending, with the median house price for Hampton at $2.26 million, and is in close proximity to first-class education facilities including Haileybury, Brighton Grammar, Firbank and St Leonards’.
Fisher noted the numerous developments that have been completed recently and are in progress on and around Hampton Street.
“The regeneration taking place around Melbourne’s shopping strips via mixed-use and residential developments in the immediate vicinity is boosting local catchments and driving more trade,” he said.
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 2026 Fitzroys.