207 Blackburn Road, Mount Waverley
The 428sqm café, gym and office building sold for $3.445 million at a 4.2% yield. Zoned Commercial 1, it is on a 650sqm corner site with 17 parking spaces and is fully leased across 3 tenancies, returning $144,068pa plus outgoings and GST.
53-55 John Street, Pakenham
The 344sqm showroom occupied by a Salvos op-shop sold for $1.82 million at a 4.94% yield. It is on a 376sqm site and has a 5 5 5-year lease returning $90,000pa plus GST with 3% annual increases.
41-43 Kirkwood Crescent, Hampton Park
4 strata units within Kirkwood Plaza of around 100sqm and with long-term leases all sold for sub-$1 million prices. A dental clinic sold for $940,000 at a 4.51% yield, the Kirkwood Plaza Medical Centre sold for $971,000 at 4.37%, a Bottlemart outlet sold for $985,000 at 5.02%, and the MJ café premises sold for $841,000 at 4.76%.
525 High Street, Northcote
The vacant 99sqm building on a 230sqm site sold for $930,000. The vendor was a local family that had owned the property for 20 years.
644 Sydney Road, Brunswick
The 180sqm single-storey shop sold for $888,000 at a 3.8% yield. Bar Texaco has a 5 5 5-year lease returning $33,746pa plus outgoings and GST, with 4% annual increases.
168-170 Acland Street, St Kilda
Veludo leased the 2-level 360sqm building for 5 years to open a new bar/club. It will pay $350/sqm, with the ground floor leased for $700/sqm and the 1st floor for $255/sqm.
13A Rose Street, Armadale
The operator of Malvern café 30 Mill leased the 104sqm building with a 9m frontage on a 5 5 5 5-year term at $35,000pa.
722 Glenferrie Road, Hawthorn
Menswear brand Gazman signed a 3-year lease at $73,000pa gross over the 95sqm shop.
Level 10, 41 Exhibition Street, Melbourne
A local owner occupier bought the 283sqm whole floor for $4.795 million. The tower was developed by the Royal Australian Institute of Architects.
Building 1/630 Mitcham Road, Mitcham
The 209sqm level 1 office space was leased at $74,390pa. It has open plan and partitioned areas and boardroom, and comes with 12 basement car spaces.
1-3 Freight Road, Tullamarine
Jackson Motor Company bought the vacant 1,066sqm office and warehouse for $3 million. Han Group was the vendor.
Unit 6/6 Clayton Road, Clayton
The office and warehouse building occupied by long-standing tenant DMG Mori Australia Pty Ltd sold for $1.86 million, at a 4.8% yield. It returns $90,000pa with annual 3% increases.
1/26 Constance Court, Epping
An owner occupier paid $800,000 for the 378sqm office and warehouse unit within the Connect North Industrial Estate.
87 Elm Park Drive, Hoppers Crossing
A cricket development coach leased the refurbished office and warehouse for 5 years at $112/sqm.
11 Hi-Tech Place, Rowville
Line-marking company Mainliner Pty Ltd leased the 510sqm warehouse for 3 years at $108/sqm.
4 Palomo Drive, Cranbourne West
Brighton Flooring signed a 3-year lease over the 1,276sqm facility at $85/sqm.
156 Australis Drive, Derrimut
A food exporting company leased the 1,100sqm office and warehouse facility on a 3 3-year term at $85,000pa.
6/451 Leakes Road, Truganina
An investor bought the Woodlands Early Learning childcare centre property for $6.25 million at a 6.38% yield. The 805sqm facility is on a 1,969sqm site and is leased on a 15 10 10-year deal returning $398,775pa net plus GST.