321 Middleborough Road, Box Hill South
An offshore investor paid $15.5 million, on a 5.21% yield, for the 4,235sqm large format retail complex. On 8,076sqm of Industrial 1-zoned land across 5 titles and with 141 car parks, the property is fully leased to Genesis Fitness Clubs, Legend Billiards Club, Handcrafted Kitchens, and Europe Auto Imports for a combined income of $907,073pa net, and has a 4.4-year weighted average lease expiry (WALE).
2-16 Piper Drive, Chelsea Heights
An investor paid $6.8 million for the KFC restaurant site, which has a 265sqm building on 2,789sqm of Commercial 2-zoned land with 31 car spaces. It was offered with a brand-new 10-year lease with 4 x 10-year options returning $325,425pa plus GST.
246 Epping Road, Wollert
The vacant former Shell petrol station site sold for $5.225 million to a local buyer who plans to re-lease the property.
40 Campbell Street, Swan Hill
An investor bought the 671sqm large format retail building on a 752sqm Commercial 1-zoned corner site for $1.401 million, on a 5.86% yield. It has a 5+5+5-year lease to Autobarn, returning a net income of $82,075pa plus outgoings and GST.
75 Moore Street, Footscray
A private investor paid $14.5 million on a 7.8% yield for the 2,259sqm building, which was purpose-built in 2012 for the federal government’s Services Australia agencies Centrelink, Medicare and My Aged Care. It currently returns $1.15 million per year in rent. Softmed owner and property investor Denis Midor was the vendor.
48 Railway Road, Blackburn
Oliver Hume property syndicate Blackburn Tavern (Holdings) paid $8 million for the vacant 2-storey 2,470sqm building on a 3,423sqm site. The property is the former home of the MS Plus Victorian headquarters.
Level 26, 130 Little Collins Street, Melbourne
A high-end watch retailer keen to own its own office space bought the 346sqm whole-floor office at around $19,100/sqm, or circa $6.6 million.
Lot A, 105 Vineyard Road, Sunbury
A local developer acquired the 6,538sqm industrial development site for $5.22 million, on a land rate of $821/sqm.
54 Spalding Avenue, Sunshine North
Offered with vacant possession, the 450sqm office and warehouse unit on 581sqm of land with 8 car spaces sold for $1.68 million.
Warehouse 9/10-20 Christensen Street, Cheltenham
The 210sqm office and warehouse sold for $1.040 million.
114-122 Union Road, Surrey Hills
A local developer bought the triple-fronted 829sqm corner landholding opposite Union train station for $3.225 million. Zoned Commercial 1, it comprises 5 shops and a studio on 1 title.
Suites 15-21, 212-220 Clayton Road, Clayton
A private investor paid $7.65 million on a 6.3% yield for the Sir John Monash Private Hospital. The 697sqm facility has 2 operating theatres and 2 dental procedure rooms and is operated by Cura Group, a subsidiary of Intermediate Capital Group, which has a lease until 2032 with options.
226 Spring Street, Reservoir
On 660sqm of land, the vet clinic property sold for $1.415 million, on a 5.85% yield. It has been operating as a vet practice for over 70 years and was offered with a renewed 5-year lease to August 2030 to VetPartners, plus options, bringing $82,765pa plus GST.
Your Camberwell Headquarters Awaits
A dominant office building in an excellent location within the popular inner eastern lifestyle suburb of Camberwell is on the market.
The 2-level building at 1186 Toorak Road, Camberwell is being offered with vacant possession through Fitzroys Chris James and David Bourke, who are acting on behalf of a private vendor who has owned the property for nearly a quarter of a century.
The Expressions of Interest campaign closes on Friday, 14 August at 12pm.
Expectations are around $4 million.
Encompassing 882sqm of commercial floor space, the property offers modern self-contained office accommodation over 2 levels with excellent natural light and lift access.
It has recently been upgraded to provide new building services and offers a modern foyer/entrance, bathrooms, end-of-trip facilities, as well as DDA access.
The property offers 28 on-site car parks and is on a large Commercial 1-zoned landholding of 737sqm, boasting an impressive 34.5m frontage.
“Camberwell is one of Melbourne’s most highly accessible inner suburbs and offers fantastic lifestyle amenity,” James said.
“This property is just moments from the new Coles Local, Hartwell and Burwood train stations, and trams running along Toorak Road, as well as the Anniversary Trail walking and cycling path, and is also close to the vibrant Camberwell Junction lifestyle and hospitality precinct.
“The new Coles Local has been a great addition to the area, complementing the local eateries, cafés, and commercial users.”
Bourke said interest is expected to come from owner-occupiers seeking a headquarters in an excellent lifestyle location, as well as investors looking for a high-profile asset in a popular suburb with a strong office market that attracts a range of businesses and operators.
“Melburnians are looking to live, work and play in highly accessible locations with attractive lifestyle and hospitality amenity,” he said.
The Coles have just taken over the former Leo’s Supermarket, just metres from the subject property. Coles paid circa $33 million for the property last summer and quickly refitted to its standards.
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.