180 Bay Street, Port Melbourne
An interstate investor acquired the retail and medical asset in a sub-$10 million transaction. Anchored by Country Road, Priceline Pharmacy, Clear Skincare and Bupa Dental, the 2-level 1,134sqm building on 1,018sqm of Commercial 1-zoned land with a 20m frontage returns $641,545pa plus GST and has a short-term lease profile.
95-97 Dundas Place, Albert Park
An investor paid more than $7 million for the 2-level Art Deco building home to a Woolworths Metro supermarket, and which is on a Commercial 1-zoned 388.5sqm site. ASX-listed Woolworths Group is 2 years into a 7-year lease which has 4 options of 5 years each.
Shop 6, 61 Geelong Road, Torquay
A local investor paid $4.85 million on a 6.4% yield for the 381sqm property home to Billabong Torquay. Located within Surf City Plaza, it has a new 5-year lease that returns $353,410pa plus GST.
91 Cardigan Street, Carlton
An investor bought the historic 313sqm Hotel Lincoln property for $2.5 million. It has a newly renewed 7 years and 8 months lease with 2 further options to Lingtan Pty Ltd, trading has Hotel Lincoln, returning $127,919.79pa plus outgoings and GST.
295 Sydney Road, Brunswick
An investor paid $1.085 million for the 2-level, 200sqm freehold building. It is occupied by French restaurant Bar Magnolia on a 5+5-year lease returning $67,491pa.
81-83 Paisley Street, Footscray
A local owner-occupier bought the vacant 974sqm 2-level building on a 1,520sqm site for $3.35 million. It has 20 on-site car parks and Activity Centre zoning.
10-14 Yarra Street, Richmond
An owner-occupier paid $1.888 million for the vacant 300sqm building on 320sqm of land.
80-86 Canterbury Road, Kilsyth
Fife Capital paid $56 million for the 4.04ha landholding with a 37,000sqm distribution facility. Formerly an antiques market and showroom precinct, the site was developed into its current use after being acquired by the vendor in 2021 and then leased to DUTT Transport for its headquarters.
18 McIntyre Street, Burwood
Time & Place purchased the 6,633sqm site for $14.3 million and has lodged plans for a 4-level facility with 1,000 self-storage units.
9/130 Gateway Boulevard, Epping
Offered with vacant possession, the 327sqm office and warehouse unit with 5 car parks located close to the Hume Freeway interchange sold for $1.2 million.
1/15 Lindon Court, Tullamarine
The vacant tilt-panel office/warehouse unit sold for $915,000. It comprises a 211sqm warehouse, 76sqm of offices over 2 levels, a 72sqm mezzanine level and 60sqm of storage.
2495 Point Nepean Road, Rye
The vacant 1,459sqm corner close to the Rye beach foreshore sold for $1.2 million.
547 Bell Street, Preston
Premier Supported Living Group leased the former aged care home, since repositioned as a disability accommodation facility, at $530,000pa. The property comprises a 2-level 1,850sqm building with 41 rooms, 2 kitchens, gym and staff areas, on a corner landholding of 2,637sqm with General Residential zoning. Redhill Hospitality is the owner.
Stylish Brighton Freehold In The Centre of The Action
A stylish freehold in the prime of one of blue-chip Brighton’s key shopping and lifestyle strips is on the market.
The 327 Bay Street, Brighton property is going to auction on Thursday, 29 October at 12pm through Fitzroys agents Mark Talbot and Tom Fisher.
They are handling the generational campaign on behalf of a family that has held the property for close to 30 years.
Expectations are of $1.65 million-plus.
On a substantial 212sqm site with an extensive 6.43m frontage and rear road access from Warleigh Grove, the property comprises a versatile three-level building of 313sqm that features an immaculately presented shop and separately accessed first-floor office accommodation, which incorporates a perfect blend of period charm and a modern multi-level office extension.
Multiple income streams from long-term tenants return a combined $95,376 per annum plus GST, with potential for rental uplift to $108,000pa.
“This is an outstanding, generational opportunity to acquire a highly sought-after freehold investment with scope to occupy and reposition, in a prime location in one of Melbourne’s genuine blue-chip suburbs,” Talbot said.
“The flexible lease agreements mean buyers can come in and quickly make this property their own, or they can assess their options while receiving a solid income stream from the existing tenants.
“Investors will recognise the central location of the property, and the strong performance of prime sections of Melbourne’s shopping strips in terms of low vacancy rates and strong pedestrian traffic.
“This property is also an ideal opportunity for a business to acquire their own premises and set up their operations to service an affluent and established local catchment, which comprises exclusive high net worth suburbs in Brighton, Hampton and Sandringham.”
Fisher said Bay Street, Brighton has evolved into a well-established shopping precinct with a quality retail and lifestyle mix, servicing one of Melbourne’s most prized catchments, home to some of the city’s strongest house prices and most sought-after schools.
“This property is superbly located amongst leading retailers including Coles, Australia Post, Chemist Warehouse, Flight Centre, Terry White, as well as popular local hospitality venues such as Rock Salt, Vivace, and Mr & Mrs P,” Fisher said.
“Bay Street, Brighton is highly accessible, ensuring consistent pedestrian traffic. There’s an abundance of public parking nearby, while North Brighton Train Station is only 120m away, and multiple buses run along Bay Street,” he added.
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.