85 Vineyard Road, Sunbury
The Sunbury Lifestyle Centre sold for $25.2 million, on a yield of 5.24%. Fully leased, the 5,553sqm large format retail complex is anchored by The Good Guys, Repco, Total Tools and Petstock and is on a 12,140sqm corner site.
422 Station Street, Box Hill
An investor paid $4.55 million on a 5.38% yield for the 436sqm El Jannah restaurant building on a 648sqm site. The property has a 20-year net lease to February 2046 with 2 further 10-year options, returning $245,000pa plus GST net.
411 & 411A Waverley Road, Malvern East
The vacant 177sqm 2-level shop and dwelling on a 216sqm site sold for $1.060 million.
G07, 11-15 Stonepine Drive, Moonee Ponds
An owner-occupier bought the 70sqm office for $695,000, on a rate of $9,943/sqm. The office is within the Moonee Valley Park mixed-use development, part of the Moonee Valley Racecourse precinct overhaul.
Factory 3, 5-7 Maria Street, Laverton North
An interstate investor acquired the 1,025sqm warehouse on 6,843sqm of land for $4.62 million. Cleanaway Operations Pty Ltd occupies the property on a lease running the end of June 2028 with 4 x 3-year options, currently returning $237,853pa net.
1 Stawell Street, North Melbourne
Offered with vacant possession, the 2-level solid brick warehouse of 347sqm sold for $1.785 million. It is on 234sqm of land zoned Special Use, within the Arden urban renewal precinct.
3/26 Grandlee Drive, Wendouree
Offered with vacant possession, the 570sqm office and warehouse unit on 475sqm of land sold for $1.05 million.
18 Lillee Crescent, Tullamarine
The 995sqm freestanding office and warehouse on 1,200sqm of land with 12 on-site car spaces was leased at $165,000pa.
693-699 High Street & 565 Orrong Road, Armadale
Boutique local developers Kervale and the Karta Group bought the 1,280sqm corner site for circa $13 million. It is currently improved by a house, 3 shops and a car park.
86 Beach Road, Torquay
An investor paid $2.19 million for the 1,051sqm site occupied by a 45-place Goodstart Early Learning Centre. It has a 15-year lease to 2033 with 10+10-year options, and currently returns $105,481pa plus GST net.
A prime investment opportunity in the thriving Werribee Principal Activity Centre is going to auction in September.
Fitzroys agents Chris James and Max Uzunovski are marketing 65 Watton Street, Werribee on behalf of a private vendor, with the auction scheduled for Thursday, 17 September at 12pm.
The property comprises a single-level 175sqm retail and commercial building with reception, office accommodation and amenities, on 342sqm of land with rear car parking via Rushford Lane.
It is offered with a recently renewed 3 x 3-year lease to leading legal firm Carbone Lawyers, which has 7 locations across Victoria. Current return is $79,302pa plus GST, with all usual outgoings recovered from the tenant.
On a 342sqm site with highly sought after Activity Centre Zoning, the property is in a prime retail trading position on Watton Street and amongst major retailers including Chemist Warehouse, NAB, ANZ, The Park Hotel and more, and is just moments from Werribee Train Station.
“Sustained population growth and ongoing precinct investment underpin excellent future prospects for this offering,” James said.
According to demographics research house ID, Werribee’s population growth is expected to surge by more than 52% over the next 20 years, from 57,914 currently to nearly 88,000 in 2046.
“Investors have the chance to acquire an asset leased to a successful, high-calibre tenant in a prime location in the key retail and commercial hub of Melbourne’s south-west, which is only going to see soaring demand in the coming years, supporting trade and activity,” James said.
Uzunovski said the property presented value-add players and developers with opportunities in the longer term.
“The Werribee Principal Activity Centre allows for building heights of up to 26m, offering a range of options for the buyer to add to the property (STCA).
“An incoming buyer can receive a strong income stream from a quality tenant while assessing their options for the future.”
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.