188 Victoria Street & 72 Charles Street, Seddon
A local investor bought the 225sqm building on a 230sqm corner site for $1.85 million. It comprises 2 shops on 1 title and is located within Seddon Village.
18-22 Station Street, Nunawading
The fully leased, double-fronted freehold sold for $1.615 million, on a 4.7% yield. Commercial 1-zoned landholding of 422sqm positioned within the recently gazetted Nunawading Activity Centre and 50m from Nunawading train station. The property has 3 of its 4 tenancies occupied and returns $83,110pa plus outgoings.
Unit 1/192-208 Princes Drive, Morwell
An investor bought the 615sqm large format retail showroom for $1.19 million, on a 6.52% yield. National tenant Tradelink has a 3-year lease plus an option to 2031 returning $77,600pa plus GST.
2-4 Roche Street, Hawthorn
Charlie Buxton’s Cadence Property Group and Align Property Group bought the fully leased 2,947sqm building for $24.8 million from Fraser Brown. Brown Property Group will remain on the ground floor on a 10-year leaseback deal.
1117-1119 Nepean Highway, Highett
An interstate self-storage developer acquired the 3,846sqm Commercial 2-zoned site for $6.2 million. It has around 60m of highway frontage and more than 60 car spaces, and is currently leased to national restaurant operator Kickin’Inn until July 2028.
287 Canterbury Road, Canterbury
The 440sqm warehouse on 858sqm of Commercial 2-zoned land sold for $2.6 million. Automotive tenant ETC Canterbury Pty Ltd has a lease returning $85,050pa plus outgoings and GST.
6 Embrey Court, Pakenham
An investor bought the 670sqm warehouse on 1,500sqm of land with 12 on-site car parks for $1.2 million. It has a 3-year lease to Pakenham Bearings that expires in January 2029 with 2 further options of 3 years each, returning $63,960pa plus GST.
9 Clyde Street, Ferntree Gully
Zoned Commercial 2, the vacant 1,012sqm site with a 20.1m frontage sold for $980,000. It is currently improved by an older residence and a rear garage/workshop with 6m internal height.
All Eyes on Prime Burke Road, Camberwell Investment
Melbourne’s prime retail strip investment market is set for its next major test early next month, when a commanding freehold with an A-grade tenancy profile in the heart Burke Road, Camberwell goes under the hammer.
Fitzroys’ Chris James, David Bourke and Ben Liu are marketing 570-572 Burke Road, Camberwell on behalf of a local investor. The auction is set for Friday, 4 December at 12pm on site.
Expectations are of a circa 5.5% return, or around $4.5 million or more.
Comprising a flexible 2-level 403sqm building with the potential of single or multiple tenancies, the property is on a dual-fronted site encompassing 234sqm of land with Activity Centre zoning.
It is offered with dual income streams, with a long-term lease including options to multinational optical business Specsavers, which has been at the site for coming up to 15 years, and a brand-new 10-year lease to popular Woodfrog Bakery following on from a decade in the strip.
“This is a prime flagship investment in sought-after Burke Road, Camberwell, positioned amongst the strip’s retail heavyweights in Witchery and Country Road, and offered with income streams from two A-grade tenants and invaluable dual frontages to Burke Road and the Camberwell Fresh Food Market,” James said.
“It’s a really fantastic vote of confidence in the strip that Woodfrog has just renewed for 10 years. This committed tenant trades exceptionally well fronting into the popular Camberwell Fresh Food Market, and Specsavers enjoys prime frontage to one of Melbourne’s most established shopping strips.”
Woodfrog Bakery operates from 27 locations across Melbourne, while Specsavers operates in Australia, New Zealand, Canada, the United Kingdom and in Europe.
Liu said, “We’ve had interest coming from local, interstate and international buyers given the high-profile nature of the offering, the great reputation of Burke Road, and the incredibly rare opportunity to acquire a freehold with a high-quality tenancy covenant in such a valuable part of blue-chip Camberwell.”
The Burke Road and Camberwell Junction precinct continually records strong vacancy figures in Fitzroys’ Walk the Strip report series.
Bourke noted that the precinct has been gazetted by the Victorian Government as an Activity Centre, earmarked for high-intensity development that will deliver thousands of new residents to the immediate catchment over the long-term. Boroondara Council has also previously outlined its vision for further high-intensity development in Camberwell Junction.
“Further considered development in the immediate surrounds will assist in boosting trade and activity,” he said.
“Burke Road already services one of Melbourne’s most established and affluent catchments, while the inner-east’s growing office market has further added shoppers and diners - and is attracting more residents to the area, supporting local businesses, services and amenity,” Bourke added.
Camberwell Junction offers ample car parking, and excellent public transport connections via Camberwell Train Station and the Route 70, 72 and 75 trams, making it easily accessible to and from the CBD and surrounding suburbs.
A-grade Investment in Albert Park’s Best Location
One of Albert Park’s most sought-after commercial property investment opportunities for 2026 is going to auction next month.
The 87-89 Dundas Place property - home to leading independent grocer Gum Tree Good Food - is being marketed through Fitzroys agents Chris James and Tom Fisher on behalf of a local private vendor, with the on-site auction set for Friday, 4 December at 2pm.
Expectations are in the early $5 millions.
The impressive modern ground floor retail premises, which includes an additional preparation area, goods lift and storage facilities, totals 348sqm and boasts an extensive frontage of over 10 metres to the high foot traffic precinct.
Three off-street car spaces on title are accessed via Dundas Lane.
Gum Tree has been successfully trading from this location since 2012 and has a secure lease running to 2030, with 2 further options of 7 years each, currently returning $327,818 per annum plus outgoings and GST.
“This is an incredibly rare high-yielding, set-and-forget investment in the prime of one of Melbourne’s best shopping villages, known for its long history of low vacancies and strong rental levels,” James said.
“We’ve received interest from local and interstate investors. We’ve particularly seen an increased level of interest from buyers from NSW, South Australia and now Western Australia who see genuinely opportunities for uplift in the Melbourne market.
“Investors have been attracted to the property’s prospective circa 6% return and strong tenancy covenant. Supermarket-leased properties with quality operators are an excellent investment proposition at a time of share market and residential market uncertainty.
“Gum Tree is an immensely popular fixture of Albert Park shopping village, with a remarkably loyal customer base.”
The property is situated in a prime position within the village, immediately neighbouring Albert Park Hotel, Mecca, Laurent and Woolworths, and amongst other leading retailers and hospitality venues including Country Road, Assembly Label, ELK, Husk, Dundas and Faussett, Village Wine Bar, Pony Boy and more.
The offering comes shortly after the sale of that close-by Woolworths property sold for nearly $7.5 million.
“Albert Park shopping village services a strong demographic, surrounded by an affluent, established and loyal catchment, and is in a highly accessible inner city location that draws visitors from the surrounding suburbs,” Fisher said.
“The village is underpinned by an abundance of public car parking and by excellent public transport services, including multiple tram and bus routes.”
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.