420 Hampton Street, Hampton
An owner-occupier bought the 2-level, 185sqm open-plan building on 224sqm of land for $1.3 million.
200 Princes Highway, Corio
A private investor acquired the 1,557sqm KFC restaurant site for $4.875 million. It has a 10-year lease with 2 further 5-year options.
378 & 380 Brunswick Street, Fitzroy
The home of Vegie Bar on Brunswick Street sold for $4.2 million, on a 5.2% yield. The property comprises a 2-level 364sqm building on a 286sqm corner site, and has a renewed 5-year lease with options to 2040, currently returning $242,050pa plus outgoings and GST.
88-92 Puckle Street, Moonee Ponds
Associates of Chemist Warehouse founders and directors purchased the shop – which covers half a Chemist Warehouse store – for $3.22 million. The other half is already owned by associates of Chemist Warehouse.
11 Olsen Street, Frankston
The 159sqm property comprising 2 shops sold for $820,000. Shop 11A is leased on a monthly basis and returns $20,706pa plus outgoings and GST, and Shop 11B is leased until September 2028 with 5+5-year options, returning $27,455pa plus outgoings and GST.
11 Newton Street, Cremorne
A local owner-occupier bought the 3-storey, 1,500sqm building for $10.5 million.
56 Hayward Lane, Melbourne
The 141sqm property with an 1860s heritage façade on 87sqm of land sold for $1.42 million.
44-46 Bardia Avenue, Seaford
A buyer expanded their south-eastern industrial holdings, paying $3.75 million for the 2,656sqm Industrial 1-zoned corner site. It is improved by a 1,775sqm building and has 22 car spaces.
398-400 Ferntree Gully Road, Notting Hill
The corner investment sold for $3,131,780. It is on a 1,572sqm landholding with 533sqm of building area, and is leased to 2 occupiers in Ability Ease Healthcare and Auto Prestige Services, returning a combined $167,054pa.
1 & 2, 53 Temple Drive, Thomastown
The 1,040sqm site with 759sqm of building area across 2 adjoining office/warehouses sold vacant for $1.55 million.
13/7 Dalton Road, Thomastown
The 346sqm office and warehouse unit sold with a short-term lease for $1.165 million.
35 Trevi Crescent, Tullamarine
The 1,017sqm building on 1,288sqm of land was leased at $150,000pa.
540 Flinders Street, Melbourne
Philippines-based hotel developer Hotel101 paid more than $25 million for the double-storey park site, with plans to build a 766-room hotel tower that would be Melbourne’s largest.
9-33 Errol Street, Mickleham
Collective Capital Investments paid $17 million for the Mickleham Medical complex. The 8,705sqm landholding is occupied by Belgravia Health & Fitness, Medical Select, Genesis Health & Fitness, Wellbeing Chiropractic and Mickleham Physiotherapy Services, for a combined annual rental return of $1.23 million.
Unmissable Opportunity in the Heart of Toorak Village
An unmissable opportunity in the heart of one of Melbourne’s blue-ribbon shopping strips is going to auction in April.
Fitzroys agents Mark Talbot andLewis Waddell are marketing 456-460 Toorak Road, in Toorak Village, on behalf of the Blatt family who have owned the property for 50 years.
A price of $4 million-plus is expected.
“An incredible position in the heart of one of Melbourne’s blue-ribbon shopping strips combined with excellent positioning for future growth makes this one of the best strip retail offerings of the year,” Talbot said.
“Toorak Village boasts a strong shopping and hospitality offering that services Melbourne’s most exclusive catchment.”
Toorak Village is home to prestigious local and national tenants, while Toorak has a median house price of $5.45 million.
The property comprises two immaculately-presented retail buildings totalling 287sqm of floor area, on a land-rich site of 354sqm with an extensive frontage of 11.50m. It is leased to quality long-standing tenants Flawless Rejuvenation and Suzie Mcintosh Brows, returning a total of $137,280pa plus outgoings and GST with leases set to expire late in 2027, offering excellent scope for future rental growth, repositioning, value-add or owner-occupation.
“This is an outstanding opportunity to capitalise on Toorak Village’s incredible growth trajectory,” Talbot said.
Ideally located opposite the recently completed St Germain luxury commercial development and close to the Toorak Village residences and offices project on the corner of Mathoura Road, and just metres from the soon-to-be constructed One Toorak Place development, the property also sits directly within one the Victorian Government’s new Activity Centre precincts.
“It’s the perfect time to buy here,” Talbot said.
“The recent sale of the Saint Germain development across the road reflects the huge confidence investors have in the prospects of Toorak Village, which will continue building on this generational growth phase into the long-term.”
Bill McNee’s 12-storey Saint Germain office and retail development was completed in 2023 and has just sold to Spotlight Property Group for over $180 million. Toorak Village is also one of the major key tram, train, jobs and services hubs designated by the Victorian Government as an Activity Centre, to encourage the development of residential and mixed-use buildings of up to 12 levels on and around the strip over the coming decades.
“The Activity Centre initiative is projected to add to the existing established and affluent catchment and further boost trade and activity along Toorak Village,” Waddell said.
The 456-460 Toorak Road property has flexible Commercial 1 zoning, which allows for a number of development outcomes (STCA).
Waddell added that there is excellent transport connectivity to Toorak Village, via the 58 tram operating along Toorak Road, and Toorak Railway Station being within walking distance, providing quick access to Melbourne’s CBD and the surrounding suburbs.
Spirited Bidding for Rosebud Pharmacy Investment
Spirited bidding has seen the Mornington Peninsula’s premier pharmacy investment sell under the hammer in a strong retail property auction result.
Fitzroys’ Tom Fisher and David Bourke sold 1045 Point Nepean Road for $2.14 million, on a tight yield of 4.6%.
“Our campaign generated more than 100 enquiries, which culminated in a fiercely contested auction with four parties bidding,” Fisher said.
The single-level 235sqm building has an 8.1m street frontage to Point Nepean Road, and was offered with a 5+5-year lease to an established tenant trading as Amcal. The property has been operating successfully as a pharmacy for over 65 years.
“The property is in the heart of the thriving Rosebud and shopping precinct,” Fisher said.
“This is another strong result we’ve seen for a retail property in a prime shopping strip location.”
The thriving coastal strip is anchored by Woolworths, Westpac, Bendigo Bank, Peninsula Cinemas, and the Rosebud Hotel, and features a number of popular local traders.
“We continue to receive high levels of enquiry from a deep pool of investors who see opportunity in the current market,” Bourke 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.