560-650 High Street, Epping
Forza Capital sold the Epping Home & Life large format retail centre for $117.7 million, on a yield of circa 6%. The 26,550sqm centre has 28 tenancies and 783 car spaces, and sits on a 7.4ha land parcel at the corner of High Street and Cooper Street.
950 Bridge Inn Road, Doreen
An investor paid $6.9 million on a 6.5% yield for the 2,820sqm Mixed Use-zoned corner site, which has a United petrol station and takeaway tenants Doreen Noodle Bar and Lilydale Free Range Roast Chicken. Total net rent income is $463,571pa plus GST.
125-129 Brunswick Street, Fitzroy
The Sand Hill Group – former owners of St Kilda’s Espy Hotel – acquired the multi-level pub for $6.55 million, from the same vendor it purchased the Esplanade Hotel in 2017. The 1,649sqm pub at 125-129 Brunswick Street was built in 1849 on a 662sqm site and today has a 3am liquor licence for 478 patrons. It was most recently occupied by restaurant Ichi Ni Nana.
4/5 Riverland Road, Clyde
An investor bought the 73sqm shop for $855,000, on a 5.95% yield. SV Beauty & Nails has a 10-year lease to February 2036, plus 2 further 5-year options, that currently returns $50,865pa plus GST.
12/5 Riverland Road, Clyde
The 81sqm retail property sold to an investor for $920,000, on a 6.06% yield. Fish & chip shop Crunch & Coast has a 10-year lease to April 2036 plus 2 further options of 5 years each, and brings net rent of $55,725pa plus GST.
1B-1C Toven Akas Avenue, Bentleigh
Developer Time & Place acquired the 5,438sqm Residential Growth-zoned site for $18 million, with plans to build a self-storage complex for the Storage X brand it bought 2 years ago alongside Ladon Capital.
145 Christmas Street, Fairfield
The 850sqm office and warehouse building over 2 levels with undercover parking, on 932sqm of Industrial 3-zoned land, sold for $2.65 million.
68 Navigation Drive, Melton
Offered with vacant possession, the 438sqm office and warehouse on 538sqm of land with 6 car spaces within West Pines Industrial Park sold for $1,401,600.
70/31-37 Norcal Road, Nunawading
The 228sqm office and warehouse unit with a 7.2m internal clearance height and 3 car spaces sold for $1.020 million.
1 Harbourside Drive, Rippleside
An aged care provider with operations and projects across Victoria and NSW acquired the permit-approved waterfront site for $8.3 million. Fronting Corio Bay, the site is approved for a 128-bed aged care facility and also has an existing residential planning permit for luxury apartments.
18 Lower Gordon Street, Korumburra
An owner-occupier bought the regional childcare development site for $1.1 million. The corner landholding of 2,449sqm is zoned General Residential 1 and is approved for a childcare centre with 90 places.
Investor Buys Dream Melbourne Industrial Portfolio For $47.75m
A private investor has acquired nearly an entire Melbourne street for $47.75 million.
The Dream Haven Portfolio in Epping was sold through Fitzroys’ Marco Sandrin and Brent Glassford via an Expressions of Interest campaign, on behalf of an investor and developer who built out the land.
The portfolio comprises 6 tenancies with a combined building area of 27,539sqm*, on a combined landholding of 48,826sqm* across 5 separate titles. It was offered with a substantial passing income of more than $2.894 million per annum net, from tenants largely in the manufacturing sector, and a weighted average lease expiry of 2.83 years.
The properties include:
•89 Miller Street & 2-3 Dream Haven Court – leased to All About Steel and D2 Steel
•4 Dream Haven Court – leased to Cooling Brothers
•6-8 Dream Haven Court & 10-12 Dream Haven Court – leased to Creative Composites and K Care Healthcare Solutions
•16 Dream Haven Court & 91-93 Miller Street – leased to Convair Engineering
“Well-connected industrial offerings with a compelling combination of secure income, significant underlying land value and substantial future upside in prime Melbourne locations are exceptionally rare, which was reflected in the strong enquiry and fiercely contested campaign,” Sandrin said.
“Our campaign generated more than 65 enquiries from qualified local, interstate and offshore interests, ranging from private investors and syndicates through to institutional investors, as well as land bankers. “We received 5 Expressions of Interest bids, which has left some $180 million in capital on the table that is actively pursuing Melbourne commercial real estate opportunities.
“We’re seeing genuine competitive tension and considerable depth of demand in our campaigns for well-located Melbourne industrial assets.
“Buyer sentiment is improving, and we expect that trend to continue throughout the final quarter of 2026.”
Glassford said, “Passive income from quality tenants, rental reversion upside, value-add propositions and a critical landholding in Melbourne’s ‘CBD of the north’ made this a remarkably attractive investment for the purchaser.”
He added, “The chronic shortage of industrial land supply in prime Melbourne locations made this an increasingly rare chance to secure an expansive portfolio in one of the city’s most accessible commercial, industrial and employment hubs.”
“It’s clearly not every day that you come across the opportunity to buy nearly an entire Melbourne street.”
Glassford said the market had recognised Epping as the key activity hub of Melbourne’s northern suburbs.
Major traffic generators close by 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.
The strategic last mile location also offers immediate connectivity to the Hume Freeway, Cooper Street, O’Herns Road and the Metropolitan Ring Road, opening up access to the rest of Melbourne as well as Melbourne Airport.
Disclosure: Fitzroys Weekly 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.