490 Flinders Lane, Melbourne
A CBD investor bought the 352sqm site at the corner of Highlander Lane for $4.5 million, with plans to refurbish the shop and 5 townhouses on the property.
1B Bell Street, Preston
The tenant bought the Pearl Energy fuel station property for $3,507,500, equating to a 7.81% yield. The 2,727sqm site was offered with a 15-year net lease to December 2030, with 3 further options of 5 years each, returning $273,941pa net.
137 Acland Street, St Kilda
An interstate investor bought the multi-tenanted 385sqm building on 460sqm of Commercial 1-zoned land for $2.87 million. The property is anchored by Hairhouse and Piccolina Gelateria and returns a combined $184,129pa plus GST.
784 Glenferrie Road, Hawthorn
Offered for the first time in about 50 years, the 174sqm double-storey Victorian/Edwardian shop and dwelling sold for $1.59 million. The ground floor is leased to retailer The Painted Pony, returning $4,863pcm including GST, with a 2-bedroom residence above.
Level 21, 130 Little Collins Street, Melbourne
The 351sqm whole floor within Golden Age’s tower on the former Uniting Church site sold for circa $7 million.
180 Wellington Street, Collingwood
A commercial laundry owner-occupier bought the 566sqm building on a 520sqm landholding for $2.8 million. The vendor was a private family who had owned the property for 49 years.
11/8 Kearney Street, Bayswater
The 329sqm office and warehouse unit with 4 car spaces sold for $1.14 million, on a 5.01% yield.
23 McArthurs Road, Altona North
Spanning 1,643sqm of Industrial 3-zoned land, the property with a 590sqm facility, hardstand, on-site parking and multi-directional access was leased for $95,000/sqm.
29-47 Memorial Drive, Plenty
A local private developer acquired the deceased estate on 3.71ha for $9.35 million. The elevate infill site has city views and will likely be subdivided.
98 Abbotsford Street, West Melbourne
An owner-occupier acquired the former Bupa allied health facility for $4.525 million. The vacant 962sqm multi-level building has reception, gym, 10 treatment rooms, consulting rooms, staff areas and end-of-trip facilities, along with 17 on-site car parks.
Generational Opportunity At The Gateway To High Street, Northcote
Three prime freeholds at the gateway to what was recently declared “The Coolest Street in the World” are on the market, presenting endless opportunities for the occupier, investor, land banker or developer.
Fitzroys’ Chris Kombi and Chris James are marketing The Northcote Collection - 186 High Street, 188 High Street and 1 Butler Street, Northcote - via an Expressions of Interest campaign closing Wednesday, 11 November at 2.30pm.
Expectations are of $3.4 million-plus for the combined offering.
The offering comprises the 2 High Street retail shops and a residence, on a combined site area of 847sqm with substantial frontages, and in a premium location within the sought after Northcote Major Activity Centre.
Desirable Commercial 1 zoning encourages mixed use development. Each of the properties are being offered with vacant possession.
“High Street, Northcote has become arguably Melbourne’s premier inner north lifestyle and hospitality precinct,” Kombi said.
“Owner-occupiers have the chance to create a new home at the gateway to the thriving strip, capturing the constant pedestrian and vehicle traffic coming in and out of High Street,” he said.
“This also presents the opportunity for developers to deliver a flagship project in a location that is in huge demand from Melburnians looking to live, work and play in highly accessible places with fantastic lifestyle and hospitality offerings.
“The success of surrounding developments that have sprung up on and around the strip is testament to that demand.”
James said investors would note the long line of businesses and operators competing to get into the thriving inner north strip.
The “Coolest Street in the World”, as declared in recent times by influential global publication Time Out, High Street, Northcote boasts an array of popular eateries and live music venues, with local institutions including the Northcote Social Club, Wesley Anne and Northcote Theatre.
High Street, Northcote continually records single-digit vacancies in Fitzroys’ Walk the Strip report series.
“Crucially, the location offers immediate access to the famous Route 86 tram and is close to Westgarth Train Station, making it easily accessible to the surrounding suburbs and Melbourne’s CBD,” James 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.