458 Torquay Road, Armstrong Creek
A family office acquired the newly completed Starbucks outlet on 1,464sqm of land for $4.75 million.
157-161 Lyttleton Terrace, Bendigo
The 740sqm showroom plus mezzanine on a 1,178sqm site with 14 car parks sold for $2.845 million, on a 6.40% yield. Longstanding tenant Supercheap Auto has a renewed 5-year lease to September 2029 plus 2 further 5-year options, currently returning $181,987pa plus GST net.
8 Pratt Street, Moonee Ponds
An investor acquired the 66sqm strata-titled property for $1.1 million, on a 5.2% yield. It has a 6 6-year lease from December 2023 to Amcal Pharmacy, returning $59,488pa plus outgoings and GST.
436-450 Lonsdale Street, Melbourne
The Victorian Government divested the Supreme Court’s former offices for circa $25 million. Offered with vacant possession, the 9-level art deco building is on a 1,490sqm site and was acquired by an owner-occupier.
93 Cheltenham Road, Dandenong
A private investor acquired the 3,069sqm multi-tenanted facility for $7 million, on a 5.15% passing yield. On 4,779sqm of Industrial 1-zoned land, the property was offered with a 1.5-year weighted average lease expiry (WALE), returning $361,164pa.
19 Fawkes Road, Rosedale
The 3,000sqm office and warehouse with 7 roller shutter doors on 13,270sqm of Industrial 1-zoned land sold for $1.85 million.
10 Florence Street, Burwood
The 550sqm warehouse on 767sqm of Industrial 1-zoned land sold for $1.55 million. Build 2 Pty Ltd has a renewed 5-year lease from June 2024 returning $76,262pa plus outgoings and GST.
141 Somerville Road, Yarraville
Zoned Mixed Use, the 560sqm site with side laneway access sold for $985,000.
110 Albion Road, Box Hill
Estia Health paid $9.5 million for the 5,074sqm parkside site with a permit for a 110-bed aged care facility. Villa Maria Catholic Homes was the vendor.
1 Plains Circuit, Aintree
A local investor paid $7.635 million on a 6.36% yield to a private developer for the recently-completed 842sqm swim school facility, which is on a 1,875sqm triple-fronted site with 30 car parks. Paul Sadler Swimland has a lease until 2040 with 2 further 10-year options, and an additional 80sqm laundromat tenancy is leased to Clean Streak Laundry on a 10-year deal. Current net return is $485,775pa plus GST.
One of Melbourne’s most established and consistent shopping strips will see a rare prime retail auction next month.
Fitzroys’ Chris James, Lewis Waddell and Ben Liu are marketing 100-102 Glenferrie Road, Malvern, which is going under the hammer on Friday, 4th September at 12.30pm on site.
The property comprises a dual-fronted 2-level building of 210sqm, on a generous 204sqm Commercial 1-zoned site with excellent frontage to Glenferrie Road and a secondary frontage to the major council car park at the rear, and positioned close to the busy intersection of Wattletree Road.
It is being offered with a lease Amcal Pharmacy until 2027 with 2 further options of 5 years each.
“Glenferrie Road, Malvern has long been one of Melbourne’s most consistent shopping strips, and this is a rare opportunity to secure a quality freehold in one of its busiest sections,” James said.
“Investors and owner-occupiers have already shown interest given the prime location surrounded by high traffic-generating national and local businesses, the great building, affluent catchment and excellent accessibility.”
Leading national and local businesses surrounding the property include Coles, Dan Murphy’s, Australia Post, Chemist Warehouse, Fleischer Cakes, Gardiner Hotel, Bailey Nelson, and all major Australian banks. Just moments away is Malvern Central Shopping Centre, home to major department store David Jones, as well as Woolworths, Adairs, Athlete’s Foot and Woodfrog Bakery.
Glenferrie Road routinely records single-digit vacancies, according to Fitzroys’ Walk the Strip series, last year coming in at 7.8%.
“Glenferrie Road, Malvern has been one of the best example of the theory that a strong, established catchment leads to the consistent performance of a shopping strip,” Waddell said.
“The strip services a high-spending and growing local catchment that includes some of Melbourne’s most expensive suburbs including Malvern, Toorak, Armadale and South Yarra.
“It has admirably weathered multiple challenges over the years from nearby strips and shopping centres, and there are various residential developments in the immediate proximity also, bringing more foot traffic, with further planned high-density projects nearby set to underpin trade and activity into the long term.
Liu noted the excellent connectivity of Glenferrie Road, Malvern, with a tram stop at the door of the property providing direct access to the CBD, Malvern Train Station within walking distance, and plentiful car parking.
“High accessibility is one of the key contributing factors to the strong performance of a shopping strip,” he said.
Close by are Cabrini Hospital and other medical specialists and services along Wattletree Road, which bring yet more pedestrian traffic to Glenferrie Road.
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.