News

165 Victoria Parade, Collingwood.   A highly exposed corner freehold office/warehouse conversion has been introduced to the market within immediate proximity of the Melbourne CBD. The property located at 165 Victoria Parade, Collingwood, is bookended by Bunnings Warehouse and Porsche Centre Collingwood and tinkers on the suburb boundary of Collingwood and East Melbourne. Zoned Commercial 1 the...

Woolworths Eltham Australia’s retail property market is set for its first test in the “COVID normal” environment of 2022, with the high-performing freestanding Woolworths Eltham up for sale. Stonebridge Property Group Justin Dowers and Kevin Tong have been appointed to market the modern supermarket asset at 23 Arthur Street, in conjunction with Fitzroys, via an Expressions of Interest campaign...

407 Mount Alexander Road, Ascot Vale   A striking corner shop and residence is now for sale in one of Melbourne’s highest exposed arterials Mount Alexander Road, Ascot Vale. The property located at 407 Mount Alexander Road, Ascot Vale (corner of Bank Street), is a dual level freehold building and consists of a light filled ground floor retail shop plus a boutique first floor two-bedroom...

735 Derrimut Road Tarneit VIC 3029   Melbourne based developers Strintzos Property Group have sold out of their 7-Eleven anchored Service Centre in Tarneit, capitalizing on the huge demand in the fuel sector with a sizzling sale price of $19.91m, reflecting a sharp passing yield of 3.9% and fully leased yield of 4.8%. Located in Melbourne’s west, the development has attracted a mix of convenience...

ALDI Supermarket, 542 Main Street, Mordialloc, VIC 3195   An ALDI in bayside Mordialloc has kicked off the first supermarket sale for 2022, with Stonebridge Property Group’s Justin Dowers, Kevin Tong and Rorey James exclusively handling the transaction on behalf of ALDI. Mordialloc was the first supermarket in Victoria to be offered up for sale by ALDI Stores themselves, selling with a 10-year...

30 Cambridge Street, Box Hill   A 902sqm site located at 30 Cambridge Street, Box Hill, owned by Telstra Limited and adjoining an existing telephone exchange has been sold on an unconditional basis. The sale price was $4,700,000 with the sale completing on a short-term settlement. The sale was handled by Julian White and Chao Zhang from Stonebridge Property Group, along with Transaction Advisor,...

Stonebridge Property Group have added a new specialist sales division to their Australian operation. The National Investment Sales team will have a particular focus on childcare centres, service stations, fast-food and convenience retail investments. The announcement comes after securing a depth of senior, specialist talent at the same time as the opening of a new Queensland office. According to...

A fully leased gateway corner to the elitist Sorrento retail precinct has come to market. Stonebridge Property Group’s Nic Hage, Rorey James & Sarah Xi have been appointed to handle the transaction of 172 & 174 Ocean Beach Road, Sorrento (corner of Melbourne Road). Café institution ‘Buckley’ & experienced peninsula fashion retailer ‘Sorrento Collective’ occupy the triple fronted...

Corner of Princes Highway and Pandava Road, Riverwalk Estate, Werribee, Vic A 76,580 sqm* superlot at the Corner of Princes Highway and Pandava Road, Werribee has been listed for sale by Stonebridge Property Group represented by Julian White and Chao Zhang. The development site, which will specifically allocated for use as retirement living, residential village or aged care (STCA), will be sold via...

Stonebridge Property Group & JLL are pleased to announce the sale of Coles Kmart Plaza Townsville on behalf of Stockland and AMP for $47.25 million. The asset was sold to a Sydney based Syndicate and reflects a fully leased yield of 5.46%. Coles Kmart Plaza Townsville is a convenience focused sub regional centre, comprising a Coles, Kmart, 1 mini major, 21 specialties, 2 kiosks and 2 pad sites over...