81 Queen Street, Warragul
A Tasmania-based private investor acquired the 1,831sqm fully leased mixed use asset, on a 1,261sqm Commercial 1-zoned site, for $6.5 million. Formerly a hotel, the property underwent a $1.1 million-plus refurbishment and now houses a wine bar, day spa, beauty clinic, hairdresser and barbershop, for a total net income of $487,033pa.
19 Somerset Place, Melbourne
An experienced Melbourne CBD investor acquired the vacant 225sqm 2-level freehold on 110sqm of land for $2.45 million. The vendor was a private family who had held the property for 24 years.
Shop 2/15 Station Street, Pakenham
The 146sqm premises home to laundromat Blue Hippo sold for $822,000, on a 5.21% yield. The 10-year lease to 2035 includes options to 2045 and currently brings $42,825pa plus GST net.
888 Doncaster Road, Doncaster East
Auto dealer and former St Kilda footballer Darren Bourke acquired the vacant 1,568sqm office building for $8.8 million. The building is on a 1,863sqm corner site and has 61 car parks. Chinese electric car company BYD distributor Harmony Automotive Group is the incoming tenant.
2285B Willowsview Lane, Melton
Zoned Light Industry, the cleared 3,683sqm site next to a Bunnings Warehouse sold with vacant possession for $3 million.
627 Main Street, Bairnsdale
The 2,141sqm dual-fronted Industrial 1-zoned site across 2 separate titles sold for $820,000. It is currently configured as 5 separate tenancies.
158 City Road, Southbank
A local developer with plans for a build-to-rent tower bought the former Hanover House site for $26 million. The 1,515sqm landholding has a pre-existing permit for a 46-level residential building with 406 apartments.
3 Merribrook Boulevard, Clyde
A private investor paid $9.12 million on a 5.99% yield for the Eden Academy childcare centre property. The 937sqm facility is on a 3,045sqm site with 29 car spaces, and sold with a 20-year lease to 2045 with 2 further 10-year options, currently returning $547,239pa plus GST net.
2 Gunter Drive, Tarneit
A private investor acquired the 92-place Guardian Childcare centre for $6.010 million, on a 5.83% yield. It comprises a 656sqm childcare facility on a 2,112sqm landholding with 20 car spaces, and has a 20-year net lease to 2045 with 2 x 10-year options, currently returning $350,612pa plus GST.
Church Street, Brighton Set For Next Auction Tests
Melbourne’s premier shopping strip, Church Street, Brighton, is set for its next auction tests. Fitzroys are the exclusive agents on behalf of separate vendors for the respective sales campaigns of:
• 36 Church Street - going to auction on Friday, 21 August at 12pm
• 128 Church Street - going to auction on Friday, 28 August at 1pm
Mark Talbot, Tom Fisher and Ben Liu have the listing of 36 Church Street on behalf of a private vendor, with price expectations are of $4 million to $5 million.
On a 184sqm landholding with a 5.84m frontage to Church Street, the property comprises a high-profile 2-level building of 201sqm with a modern ground-floor retail space newly fitted to the corporate image of international eyewear and optometry retailer Bailey Nelson, and separate, recently refurbished first-floor accommodation and office areas. There are amenities on both levels.
Bailey Nelson - which boasts 110 stores internationally - occupies the property on a secure 5+5-year head office lease from November 2024, returning $175,680pa plus GST (as of November 2026), with 3.5% annual increases and market review at exercise of option.
The property also benefits from 2 off street car parks.
The sale will not attract stamp duty under the Commercial and Industrial Property Tax.
“This presents the incredibly rare opportunity to secure a high-performing asset perfectly positioned within Melbourne’s - and perhaps Australia’s - premier shopping strip,” Talbot said.
“The new, secure 5+5-year head office lease and prime location will attract passive local, interstate and offshore investors looking to obtain a genuine high-quality set-and-forget investment.“
A plethora of national retailers surround the property, including Country Road, Scanlan Theodore, Mecca, Kookai, ELK, Seed and Oroton, as well as all major banks, Coles and Woolworths supermarkets, and quality eateries.
“The adjacent Dendy Plaza shopping centre includes excellent car parking, which allows customers to park and follow the sunny side of Church Street.
Talbot is marketing 128 Church Street on behalf of the Louey family, which has owned the property for 45 years.
Expectations are of $1.5 million-plus.
“It’s an outstanding chance to acquire a freehold property in highly sought-after Church Street. Often, sales in the prime of the strip command a price tag in the order of $4 million so this presents terrific value,” Talbot said.
“On a substantial site of 200sqm, with the current building underutilised, the property is leased until March 2029 with option to extend - providing huge potential for investor, owner-occupiers and value-add buyers.”
Popular local business Foxy Nails has been in occupation for the past 20 years, reflecting the strong trading conditions for tenants in a strip with a long queue of businesses constantly jostling for a position.
A value-add buyer could extend the building area and create further rental uplift of the entire new building.
“Owner-occupiers may consider relocating their business to a what has now become a popular hospitality precinct, with a wide variety of food options available, and which services one of Melbourne’s most established and affluent catchments,” Talbot said.
Brighton’s median house price was a very high $3,217,500 as of June 2026, according to realestate.com.au, reflecting the location’s high spending power.
Church Street, Brighton is close to first-class education providers including Brighton Grammar, Firbank, and St Leonard’s, which attract huge numbers of families to the area, helping to underpin ongoing strong housing demand. Brighton is also home to popular lifestyle options, including Brighton Beach, Dendy Park, Wilson Reserve, Billilla Homestead and more.
The location is also well supported by an array of public transport options, with Middle Brighton train station and buses close by, public car parking and connectivity to major arterials.
“Church Street, Brighton’s fundamentals ensure investment prospects that are comparable to anywhere in the country,” Talbot said.
Scale, Security, Growth - A Dream Industrial Investment Opportunity
One of Melbourne’s best industrial real estate offerings for 2026 has hit the market.The Dream Haven Portfolio in Epping is being offered through Fitzroys’ Marco Sandrin and Brent Glassford via Expressions of Interest closing 2pm, Wednesday 26 August.
The vendor is a private investor and developer who built out the land.
Expectations are of circa mid-$40 millions, reflecting a circa 6% yield.
“This is an exceptional opportunity to acquire a well-connected industrial portfolio offering a compelling combination of secure income, significant underlying land value and substantial future upside, located in Melbourne’s ‘CBD of the north’,” Sandrin said.
“It’s also a special offering in that the scale of the site means it’s almost an entire street that you can purchase.”
The portfolio comprises a combined building area of 26,019sqm, on a combined landholding of 46,831sqm across 4 separate titles with Activity Centre zoning. Spanning six tenancies, it is offered with a substantial passing income of more than $2.68 million per annum net and a weighted average lease expiry (WALE) of 2.83 years.
The properties include:
• 89 Miller Street & 2-3 Dream Haven Court - With a building area of 5,414sqm on a 10,300sqm site, the property is occupied by All About Steel (5+5 years from October 2025) and to D2 Steel (4+5 years from September 2025). Combined income is $580,000pa.
• 4 Dream Haven Court - Cooling Brothers Melbourne occupies the 3,883sqm facility on 5,680sqm on a 5+5-year deal from February 2025, returning $478,023pa.
• 6-8 Dream Haven Court & 10-12 Dream Haven Court - Comprising 14,012sqm of building area on 25,450sqm of land, the largest component of the offering is leased to Creative Composites (5+5 years from May 2022) and K Care Healthcare Solutions (5+5 years from February 2024), respectively returning $397,372.63pa and $910,252.20pa.
• 91-93 Miller Street - The 2,760sqm-total dual facilities on 5,401sqm of land are occupied by Convair Engineering for 3 years from the beginning of 2024, returning $317,016pa.
“We’re expecting principal interest to come from institutional and private investors looking for passive income from assets with quality tenants, rental reversion upside and value-add propositions,” Sandrin said.
“Epping’s development boom of recent years has cemented it as the key activity hub of Melbourne’s northern suburbs, and it attracts a huge range of businesses and operators looking to be a part of the action, underpinning this portfolio’s investment credentials.”
Major traffic generators in Epping include Pacific Epping regional shopping centre and the Melbourne Wholesale Fruit Vegetable & Flower Market, Northern Hospital, Epping Private, Melbourne Polytechnic, the Mantra Hotel, and Costco Supermarket.
“There is a chronic shortage of industrial land supply in prime locations across Melbourne, and this is an increasingly rare chance to secure an expansive portfolio in one of the city’s most accessible commercial, industrial and employment hubs.”
Glassford said, “This tightly-held strategic last mile location offers immediate connectivity to the Hume Freeway, Cooper Street and the Metropolitan Ring Road, opening up access to the rest of Melbourne as well as Melbourne Airport and making for outstanding convenience for businesses.”
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.