Corner of Clarke Street and Sydney Street, Kilmore
A first-time investor paid $38.88 million on a 5.06% yield for the Coles and Aldi supermarkets-anchored site, which is also occupied by McDonald’s, Viva Energy, Amplifon and Bakers Delight. Coles has a new 10+10+10-year lease and Aldi a 20+10-year lease, contributing to a total rent of $1.96 million per annum. The 18,600sqm Commercial 1-zoned corner landholding has gross lettable area of 5,264sqm and 248 on-title car parks.
6/300 Toorak Road, South Yarra
The ground floor premises of 232sqm occupied by medical centre sold for $2.9 million on a 5.5% yield. There is a lease in place until 2028 with options of two further terms of 5 years each.
237 Station Street, Carlton North
The Grossi family sold the Brandon Hotel property for a price in the low $2 million range. On a 353sqm corner site, it comprises a ground floor hospitality and accommodation upstairs, and traded with a new 5-year lease.
Shop 11A/204 Warrandyte Road, Ringwood North
The 365sqm showroom property occupied by gym Anytime Fitness sold for $2 million, on a 6.25% yield. The tenant has a renewed 5-year lease from March 2025 with options to 2040, returning $125,000pa plus GST.
11 & 15-19 Gracie Street, North Melbourne
The Rail, Tram and Bus Industry Union has paid $4.5 million for the 832sqm 2-level office building, which it will relocate to. The building is on a 1,068sqm Special Use-zoned site with 16 parking bays.
11 Prince Patrick Street, Richmond
A future owner-occupier bought the 170sqm warehouse on 228sqm of Commercial 2-zoned land for $1.4 million.
725 Boundary Road, Truganina
Citius Group and Stamford Capital Investment Management acquired the industrial and logistics facility for $180 million. The 58.8ha former hobby farm site had been owned by the Ruzeu family for over 30 years. Bisected by a train line, the site has 35.8ha zoned for industrial and 5.5ha for residential.
25-29 Watson Street, Shepparton
The 1,645sqm workshop and office building on 3,896sqm of land sold for $1.74 million. AMA Collision has a renewed 5-year lease to November 2029 plus an option to 2034 that returns $82,067pa plus GST net.
38 Longview Court, Thomastown
The vacant 355sqm warehouse with showroom and reception space, on 458sqm of land, sold for $980,000.
214-226 Park Street, South Melbourne
Carpe Group acquired the 2,432sqm site over 2 titles from the Bailey family for around $25 million. A residential development is planned for the site.
202 Dawson Street South, Ballarat Central
The 672sqm 3-level accommodation facility on 511sqm of land sold for $1.65 million. It was offered with a 3+3+3-year lease from 2023 returning $103,500pa.
Landmark Inner-City Medical Investment on Large Landholding
A landmark medical investment on a large landholding is on the market, in one of the best commercial property offerings across Melbourne’s inner north for 2026.
Fitzroys’ Chris Kombi, Chris James and Ben Liu are marketing 460 Brunswick Street, Fitzroy North on behalf of a private investor.
Price expectations are of $3.7 million and above.
Positioned on a commanding triple fronted corner just 2km north of the Melbourne CBD, the property comprises a renovated two-level building with nine consulting rooms and is offered with a new 5+5+5-year lease to busy long-standing medical and allied health practice Fitzroy North Medical Clinic, returning $221,598pa plus GST.
The valuable landholding spans 624sqm, including 12 on-site car parks, and boasts over 60 metres of frontage to Brunswick Street, Queens Parade and Alexandra Parade, There is a redevelopment clause in the lease providing future flexibility, and Mixed Use zoning encourages high-density development (STCA).
The property is offered with the opportunity to purchase 8 Queens Parade next door, which would increase the land area to 764sqm.
“This high-profile freehold presents an incredibly rare opportunity to secure a land-rich medical asset, underpinned by a renewed lease and secure income from a proven tenant and with future upside given the significant landholding and favourable Mixed Use zoning,” Kombi said.
“It’s an exceptional opportunity for investors, land-bankers and future developers.”
James said medical assets have proven to be remarkably resilient in recent years.
“Investors will note the secure lease to a quality tenant, and high exposure and high accessibility of the location that contributes to busy activity across seven days a week of operation.”
“Land bankers and future developers will be attracted to the size of the inner-city property and its outstanding gateway location to the vibrant Brunswick Street and Queens Parade commercial precincts.
Liu said, “It’s a chance to deliver a signature development in the prized inner north. Melburnians increasingly want to live, work and play in highly connected locations with quality lifestyle offerings.
“Brunswick Street is one of Melbourne’s most popular hospitality and entertainment precincts, easily accessible via trams and major arterial roads that also provide access to the CBD and surrounding suburbs.”
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.