1045 Point Nepean Road, Rosebud
The 235sqm building on 290sqm of land sold for $2.14 million, on a 4.5% yield. It has a 5+5-year lease to an Amcal pharmacy.
193 Bay Street, Port Melbourne
An investor bought the 81sqm shop for $1.05 million. It has a 5+5+5-year lease to Shah Barber Shop.
267 High Street, Kangaroo Flat
An offshore Asian family office acquired Lansell Square shopping centre from ASX-listed property fund manager Charter Hall for $110.1 million. The 23,498sqm south-west Bendigo asset is anchored by Coles, Woolworths and Kmart and has 45 specialty stores, 7 kiosks and 4 pad sites, and a weighted average lease expiry (WALE) by income of 3.9 years. It is on an 8.8ha site with 988 car parks.
4 Yarra Street, South Yarra
An investor bought the 157sqm ground floor retail property for $1.32 million, on a 6.3% yield. It is leased to café House of Lulu White, returning $86,977pa.
289-291 Brunswick Street, Fitzroys
Clothing label Afends leased the 250sqm space with a 9.7m frontage for 6 years at $130,000pa net.
54 Wellington Street, Collingwood
ASA Real Estate bought the 15,311sqm A-grade office building from the Liberman family’s Impact Investment Group for around $108 million, on a 6.67% passing yield. The asset is 86% leased and has a 5-year WALE, and currently returns $7.2 million.
3-7 Shelley Street, Richmond
Offered with vacant possession, the 850sqm office, showroom and warehouse building on a 487sqm Commercial 2-zoned corner site sold for $3.18 million.
149 Paramount Boulevard, Derrimut
A NSW-based investor paid $3.8 million on a 5.92% yield for the manufacturing facility, which is leased to I Love Dumplings on a lease running to 2030 with a 5-year option, currently returning $225,000pa plus outgoings.
11/75A Ashley Street, Braybrook
Offered with vacant possession, the 1,000sqm office and warehouse property sold for $2.2 million.
4/28 Keon Parade, Thomastown
Zoned Industrial 1, the 537sqm warehouse on 471sqm of land sold with vacant possession for $1.295 million.
17/86-90 Pipe Road, Laverton North
The 300sqm office and warehouse unit, on 368sqm of land with 5 car spaces, sold for $900,000.
Mondous Property Group divested the former Huntly Lodge site for around $160 million to a consortium of investors led by private property developer Yourland. Located within the Lancefield Road precinct structure plan, the 82.86ha site has a developable portion of 60.81ha and can accommodate more than 1,000 homes in a master planned community.
173-175 Darebin Road, Thornbury
A local developer acquired the 1,209sqm General Residential Zone – Schedule 2 site for $2.65 million.
92 Princes Highway, Port Fairy
An investor paid $961,000 on a 5.21% yield for the 835sqm landholding. It has a 180sqm clinic occupied by Apiam Animal Health on a new 10-year lease with a further 5-year option to 2040. Net income is $50,100pa plus GST.
High-Yielding, Modern Geelong CBD Healthcare Property Investments Going to Auction
Two modern Geelong CBD healthcare property investments are going to consecutive auctions, presenting an incredible opportunity to invest in one of Australia’s fastest-evolving cities.Fitzroys’ Chris Kombi and Lewis Waddell, in conjunction with Andrew Prowse and Tim Darcy of Darcy Jarman are marketing 36 and 46 Ryrie Street, Geelong, with the auctions set for Wednesday, 25 March from 1pm.
The properties comprise:
- 36 Ryrie Street, a 133sqm property with corner frontage of 24m, leased to national operator MoleMap on a brand-new 8-year lease with 2 further terms of 5 years each, returning $90,000pa plus GST, with 4% annual increases.
- 46 Ryrie Street, a dominant 396sqm showroom with a 31m frontage to Ryrie Street and the common walkway, occupied by wellness operator Sweatshop on a 10+5-year lease from 2024, returning $210,058pa plus GST.
The properties are positioned on the ground floor of the signature $200 million Geelong Quarter mixed-use development, which includes a 114-apartment tower and the 180-room Holiday Inn Hotel - part of InterContinental Hotels Group, the world’s largest operator of hotels and resorts - in the heart of Geelong’s CBD, and close to the flourishing medical, arts, and hospitality precincts.
“Well-located CBD bricks and mortar assets with long leases to health and wellness operators present as particularly secure investment options at a time of volatility in the residential and share markets,” Kombi said.
Waddell said, “Major traffic drivers located in immediate surrounds ensure constant foot traffic, supporting trade throughout the day and into night.”
Located in the centre of Geelong’s medical and health precinct, the property is surrounded by a plethora of businesses working in unification with St John of God Major Hospital, Barwon Health, Geelong City-Medical, Berth Obstetrics, Park Street GP, Pulse Cardiology, Geelong Urology and Clinicalabs, and in proximity is Little Malop Street’s eclectic precinct consisting of vibrant cafes, restaurants, upmarket pubs and bars, as well as being just a short walk from notable restaurants along Geelong’s popular waterfront.
Nearby are major traffic generators including the headquarters of TAC, NDIS and WorkSafe along with Deakin University and Geelong train station, and the properties are opposite the $140 million Arts Centre and metres from the Geelong Gallery that is earmarked for a $150 million.
“These properties present astute investors with the perfect opportunity to capitalise on Geelong’s growth trajectory,” Waddell said.
Greater Geelong is one of Australia’s fastest-growing regions. with the population forecast to increase by 28.7% between 2024 and 2034. In response, the City of Greater Geelong is now devising an economic and development plan that will seek to allocate a further 55,000 new jobs to the region, increasing Gross Regional Product (GRP) by $9.7 billion by 2041 and attracting 120,000 people.
The city has had the highest growth across all 3 major economic indicators of GRP, jobs and employed residents compared to similar regions and cities across Australia. Greater Geelong has an estimated GRP of $15.4 billion, 120,000 local jobs and 19,600 businesses.
The properties are highly accessible, with the Geelong Ring Road and Princes Freeway just moments away, providing connectivity to Melbourne, the Surf Coast and the entire southwest of Victoria.
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.