Cnr Burke, Camberwell and Riversdale Roads, Camberwell
An investor acquired the strata-titled, 2-level 259sqm property occupied by Meat & Wine Co for $4.11 million, on a 5.8% yield.
104-106 Princes Highway, Pakenham
An investor paid $6.85 million for the 1,710sqm site, which has a KFC drive-through restaurant building and 21 car spaces. The property has a brand-new 10-year lease to KFC franchisee Southern Restaurants Group, with 4 further 10-year options, returning $328,505pa plus GST.
1008 High Street, Armadale
A local Armadale investor bought the 200sqm shop for $4.65 million. Nadia Bartel’s fashion label Henne has a new 5-year lease over the shop, bringing $190,000pa plus outgoings and GST.
102 Horne Street, Sunbury
An investor paid $1.73 million for the 392sqm showroom building on 450sqm of land, currently occupied as a Salvos store with a lease running to the end of November and a 5-year option, currently returning $78,704pa plus outgoings and GST.
54 Wellington Street, Collingwood
The Liberman family’s Impact Investment Fund divested its 12-storey, 15,311sqm office building for around $110 million. It sold with 86% occupancy and a 5-year weighted average lease expiry (WALE), anchored by Bank Australia and The Commons on 10-year terms. Sydney-based ASA Real Estate Partners is the new owner.
589 Glen Huntly Road, Elsternwick
An investor paid $3.95 million on a 5.4% yield for the fully-leased office, medical and gym-occupied property, which comprises a 2-level 789sqm building on a 976sqm Commercial 2-zoned site with 20 undercover car spaces.
33 McIntosh Street, Airport West
Offered vacant, the 465sqm freestanding facility on 770sqm of Commercial 2-zoned land with 12 car parks sold for $1.62 million.
34-44 Raglan Street, Preston
A multinational Asia-based homewares and furniture retailer leased the 13,231sqm facility at $130/sqm net plus GST, which it will use as a warehouse and dispatch hub. ASX-listed Growthpoint Properties Australia is the owner of the property.
30-32 Invermay Grove, Rosanna
The 5,827sqm site sold for $7 million. It has a permit for a townhouse project with 18 units.
154 Lower Plenty Road, Rosanna
Zoned General Residential 1, the 1,303sqm site sold for $1.48 million.
510-514 Raglan Parade, Warrnambool
The 670sqm purpose-built veterinary clinic on 1,734sqm of land sold for $3.1 million, on a 6.00% yield. Apiam Animal Health has a new 10 5 5-year lease that returns $186,000pa.
Rare Whole-Floor CBD Office with Stunning Corner Aspect
A rare strategically located whole-floor CBD office with a stunning corner aspect is on the market.
Fitzroys’ Lewis Waddell and Brent Glassford are marketing Level 2, 171 La Trobe Street on behalf of an overseas investor.
Interest is anticipated at around $3 million.
The vendor has previously occupied the property for an education business, and most recently has sublet the individual suites on a short-term basis. The property is being offered with vacant possession.
It spans 434sqm and features three frontages providing excellent natural light and uninterrupted north and west aspects. Fully self-contained, there is a kitchen, shower and bathroom amenities.
171 La Trobe Street is an acclaimed building designed by renowned architect Fender Katsalidis, and boasts a prestigious foyer and entrance.
“The flexible open-plan layout offers investors and owner-occupiers the ability to utilise the existing fit-out or create a large open-plan workspace, tailored to requirements and demand,” Waddell said. “It’s a fantastic chance for owner-occupiers set up close to the world class hospitality and retail offerings of the CBD.
“Investors will recognise the demand for flexible and functional office space from a range of tenants, and the desire from businesses to be in highly accessible locations with quality lifestyle amenity.
“The northern end of Melbourne’s CBD is really humming at the moment.”
Glassford noted the property is strategically positioned, with excellent connectivity to all parts of Melbourne via major arterial road networks.
“Located within 400m is the brand-new State Library Metro Tunnel station, and Melbourne Central Train Station is just 500m away, while major tram routes run along La Trobe and Elizabeth streets, and there is a public car park opposite,” 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.