523 High Street, Melton West
An unlisted fund run by David Di Pilla’s HMC Capital acquired Coburns Central neighbourhood shopping centre for $49 million, on a 5.50% initial yield. The Woolworths-anchored centre comprises 6,485sqm of gross lettable area, with 349 car parks, specialty retail and 2 adjacent pad sites. The Lowy family-backed Assembly Funds Management and PGIM were the vendors.
285 Little Collins Street, Melbourne
Singaporean luxury fragrance retailer Prestige Brands acquired the vacant 3-storey freehold at the corner of Carson Place for $10.75 million. The building faces the rear of the recently redeveloped Melbourne Walk arcade and the former David Jones building.
Lots G3, G5, G6 & G7 430-436 Little Collins Street, Melbourne
An investor bought the 498sqm ground floor home of the Chancery Lane Bistro, below Normanby Chambers, for $3.75 million. It has a 10-year lease from May 2025 with 4 further 5-year options, returning $509,850pa plus GST.
Shops 31A & 32, 25 Separation Street, Northcote
An offshore investor paid $1.18 million for the 147sqm retail property, comprising 2 shops over 2 titles with 1 tenancy, located within Northcote Plaza shopping centre. It was offered with an 8+8-year lease to a longstanding tenant that returns $89,588pa plus outgoings and GST.
1/3 Bromham Place, Richmond
Offered with vacant possession, the 241sqm office with 3 car spaces sold for $1,025,200. It occupies a corner position within The Ternary development.
13 Nettles Road, Mitchell Park
Collective Capital Investments paid $21.25 million for the 8,604sqm purpose-built cold storage, freezer and food production facility, in a sale-and-leaseback deal with Luv-a-Duck. The duck producer has a 12-year triple-net lease over the Ballarat facility, which sits on a 27,015sqm site.
285 Albert Street, Brunswick
The 255sqm office and warehouse on a 300sqm site sold for $1.26 million.
6 Corundum Lane, Truganina
An investor paid $1.1 million for the 170sqm warehouse, which is on a Commercial 2-zoned site with on-site parking. It has a 5-year lease to Indian food company Shreeji Foodz.
10 Roseberry Grove, Glen Huntly
A private purchaser bought the block of 8 units for $3.635 million.
362 Camp Road, Broadmeadows
Offered with a planning permit for a 544sqm, 88-place childcare centre with 5 children’s rooms, the 1,981sqm site sold for $2.050 million.
Once-in-a-Lifetime Chance To Secure Williamstown’s Most Recognised Corner
Investors have the once-in-a-lifetime chance to secure a landmark Williamstown waterfront freehold, occupied by successful hospitality operator and boasting unrivalled views to the Bay and CBD.
Fitzroys agents Mark Talbot, David Bourke and Ben Liu are marketing 1 The Strand, Williamstown, which is going to auction on Friday, 23 October at 12pm on site.
The local vendors have owned the property for over 40 years.
On a generous site of 476sqm at the corner of Ferguson Street with a huge frontage of more than 40m, the property comprises an immaculately-presented 2-level building plus additional outdoor seating with uninterrupted views across Hobsons Bay and towards the Melbourne CBD skyline.
The building includes a fully-equipped restaurant with commercial kitchen, food preparation areas, internal and external seating, first-floor dining, function area and amenities.
It is offered with a renewed 5+5-year lease from February 2027 to highly-rated hospitality venue “The Strand Restaurant” and “Top of the Bay Chippery”, which have successfully operated from the site for more than 35 years. Rental return is $239,892pa plus outgoings and GST.
“This is a once-in-a-lifetime opportunity to buy Williamstown’s most-recognised corner,” Talbot said.
“The strong lease profile will attract a range of buyers looking for a secure investment in the inner west’s premier lifestyle location.
Bourke said the property was ideally utilised given its high-profile location at the junction of The Strand, Ferguson Street, Nelson Place, and Williamstown beach.
“It’s the perfect use for the property, combining fine dining overlooking the water towards the city skyline with the take away element. Fish and chips by the beach is an Australian classic, and Williamstown is one of Melbourne’s most iconic waterfronts.
“Williamstown’s picturesque waterfront and popular hospitality offering are hugely popular, consistently attracting really strong visitation from locals, tourists, and people from across Melbourne.”
Liu noted the location receives a large amount of organic activity across the year given its position amongst local landmarks and lifestyle offering.
“This AAA-position at the corner of Ferguson Street boasts amazing views, and is strategically located opposite Williamstown Pier, Royal Victoria Motor Yacht Club and Williamstown Yacht Club.
“Surrounding the property are established local traders and national retailers including Witchery, Country Road, Bailey Nelson, Sportscraft, Gazman, and more.”
According to Fitzroys’ annual Walk the Strip report, Ferguson Street consistently records vacancy rates well below the Melbourne-wide average.
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.