Retail Sale, 83-87 Smith Street, Fitzroy
After 25 years of ownership, the Norman Beischer Medical Research Foundation sold the 405sqm corner building to an investor for $5.1 million, at a 2.8% yield. Positioned on a 218sqm site, the property has 26m of frontage and is leased to bag retailer Crumpler, café Burnside, and Japanese restaurant Neko Neko. The Foundation had previously tenanted the building.

Retail Sale, Corner Burke and Riversdale Roads, Hawthorn East
The circa-1885 building overlooking Camberwell Junction, now home to eatery The Meat & Wine Co., sold for $4.75 million at a 4.05% yield. It was originally built for the English, Scottish and Australian Bank and was refurbished in recent years.

Retail Sale, 2 Croydon Road, Croydon
A private investor acquired the 492sqm retail and office property for $1.51 million from a private owner. It sold at a 4.1% net yield, with a five-year lease with options to Methven Professionals.

Retail Sale, 337 Swan Street, Richmond
The 180sqm showroom sold for $1.17 million, with a short-term lease to door and tap hardware retailer Elite.

Retail Lease, 241A Flinders Lane, Melbourne
Designer lingerie brand Kiss Kill is expanding in the CBD after signing a 3+3-year lease over the 24sqm shop at $66,000pa gross.

Retail Lease, Shop 3, 40 Market Street, Melbourne
Sunny Boy Café is on the move within the CBD, and will pay $74,800pa for the 100sqm space on a 4+4-year deal.

Specialised Asset Sale, 122 David Street, Dandenong
The vacant medical centre site of 850sqm has a 185sqm building and a permit for three practitioners, and changed hands for $1.661 million.

Office Sale, 12-14 Cato Street, Hawthorn East
A local owner occupier paid $1.45 million for the vacant top floor suite, which comes with eight car parks, for their move from Collingwood.

Office Sale, 2004 Malvern Road, East Malvern
Another owner occupier picked up the 85sqm strata suite with two parking spaces for $445,000 from a local private investor.

Office Lease, 260 La Trobe Street, Melbourne
Lennox College inked a four-lease over the 406sqm whole floor office within the A-C Building, on the corner of Elizabeth Street, at $152,250pa plus GST from owner Landream. Hungry Jack’s recently took up 500sqm on the ground floor for its new CBD flagship site.

Office Lease, 577-579 Church Street, Richmond
Residential builder Maybach Property Group has expanded its existing lease of 100sqm to a whole floor office of 302sqm, and will pay $156,000pa net.

Land/Development Sale, 102-106 Stephenson Street, Cremorne
Owners of four adjoining terrace houses sold the combined 546sqm, Commercial 2-zoned site to a local private purchaser for $7.1 million.

Land/Development Sale, 45 Vere Street, Richmond
A Melbourne-based developer paid $5.85 million for the 1,560sqm site, to a family that had held the asset for 25 years. Zoned Commercial 2, it has a 323sqm office and warehouse and a separate 1,000sqm building with short-term tenancies, and 81m of frontage.

Industrial Sale, 17-23 Gaine Road, Dandenong
Private investors traded the home of Australian Rollforming for $5.715 million, at a 6.2% yield. The 4,020sqm office and warehouse building is on a 7,756 sqm site within the Quantum Industrial Park and has two eight-tonne gantry cranes and 63 parking spaces.