Stonebridge Property Group has successfully concluded the sale of 217–219 Nelson Place, Williamstown — a hospitality venue directly fronting Port Phillip Bay within the Nelson Place tourism precinct.
The asset, held by a single family for over 80 years and formerly occupied by Mascalzone Pizzeria, was offered with vacant possession.
“The process drew significant interest from locally based and interstate investors, together with value-add buyers seeking to re-lease the property and activate surplus land,” said Nic Hage, Director of Stonebridge Strip Retail Investments.
A private investor, sourced through Stonebridge’s Asia Practice team, ultimately acquired the property for $2,726,000, which — based on the previous rental of approximately $90,000 p.a.* — reflects a net yield of around 3.3%.
“Waterfront real estate and land-rich assets are highly regarded by Asian investors, with scope for future development being a key attraction,” said Ian Lam of Stonebridge Asia Practice.
The property is positioned on a 1,023 sqm, Commercial 1 zoned site, with rear access to Aitken Street.
Asian capital securing retail assets across Victoria remains a consistent trend for the Stonebridge team, with their Asia Practice division securing buyers for 47% of retail assets brought to market during the 2024/25 Financial Year.
Over the past 12 months, the team has transacted over $236 million worth of commercial property to Asian investors nationwide — a 61% year-on-year increase.
Kevin Tong, Partner at Stonebridge, commented:
“A key driver for this increased interest has been growing buyer confidence following two years of lower activity and a favourable interest rate environment.
What we’re seeing is that many Asian investors aren’t tied to a specific asset class — they’re focused on long-term security, and that’s why they’re comfortable transitioning between supermarkets, childcare, and fast food. That flexibility gives us a major advantage when matching buyers to the right assets.”
汤补充道：
“这些买家中的许多人并非初次涉足澳大利亚市场——他们已在市场中观察了6至12个月，积极物色投资机会。他们的独特之处在于果断决策和长远眼光，尤其是在优质资产出现时。”
The transaction of 217–219 Nelson Place, Williamstown, was handled by Nic Hage, Dylan Kilner, Rorey James, and Ian Lam of Stonebridge Property Group.
About Stonebridge’s Strip Retail Investments Team
Stonebridge’s Strip Retail Investments team is a market leader, with over 30 years of combined experience, specialising in the divestment of metropolitan Melbourne strip retail assets. The team is supported by Australia’s largest and most experienced Asia-focused commercial agency — Stonebridge Asia Practice.
如需了解更多信息，请联系：
Nic Hage
Director
+61 448 782 594
nhage@stonebridge.com.au
Rorey James
Partner
+61 439 400 081
rjames@stonebridge.com.au
Ian Lam 林煒峻
Partner
+61 416 621 859
ilam@stonebridge.com.au
Dylan Kilner
Associate Director
+61 456 655 621
dkilner@stonebridge.com.au
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