Retail Sale, 119 Burgundy Street, Heidelberg
A local investor acquired the 223sqm commercial building, which has a pharmacy on the ground floor and two office suites on the upper levels, for $1.82 million. It has a council car park at the rear and sold at a land rate of $9,387/sqm.

Retail Sale, Shop 2, 293-297 Bay Street, Brighton
The corner arcade investment sold for $762,500, at a building rate of $14,660 per sqm, with a new 5+5-year lease to a beauty salon.

Retail Sale, 166 Russell Street, Melbourne
Harrolds founder John Poulakis sold the recently refurbished 295sqm four-level building for $6.65 million. It is on a 136sqm site and has a lease to restaurant David’s Malatang with a passing income of $227,165pa.

Retail Sale, Shop 11, 530 Little Collins Street, Melbourne
A local investor picked up the 13sqm newsagency for $508,000. The shop is on the ground floor of the Exchange Tower and has a five-year lease until August 2020 with a five-year option returning $47,896pa plus GST.

Retail Sale, 202 Sladen Street, Cranbourne
The Petstock warehouse and showroom of 835sqm is on a 2,125sqm site on two titles, and sold for $2.6 million with a new 12-year lease plus options returning $140,435pa net.

Retail Sale, 98 Gertrude Street, Fitzroy
The 147sqm two-level building on a 119sqm site sold for $1.42 million with a monthly lease.

Retail Sale, 168 Swan Street, Richmond
Offered for the first time in more than 70 years, the 87sqm jewellery shop sold for $1.681 million with a net annual income of $50,000 plus outgoings and GST.

Retail Sale, 640 High Street, Thornbury
The premises of Coffee Hit roastery and café, at the base of a 66-apartment complex, sold for $1.3 million with a 10-year lease that returns $78,000pa plus outgoings and GST.

Retail Sale, Shop 3, 5 High Street, Preston
An Asia-based investor snapped up the strata-titled I Love Dumplings Express eatery of 163sqm for $1.020 million, located within the Nine High mixed-use development. It sold at a 5.3% yield with a 5+5+5-year lease from January 2018.

Retail Sale, 332 Auburn Road, Hawthorn
The vacant shop and dwelling of 170sqm is on a 167sqm site zoned Commercial 1 and changed hands for $965,000.

Retail Sale, 633 Burwood Road, Hawthorn
The vacant two-level building of 86sqm sold for $940,000. It is on a 133sqm site with three parking spaces.

Retail Sale, 150 Springfield Road, Blackburn
The single-level retail/office space of 130sqm is on a 183sqm site and sold with vacant possession for $620,000.

Retail Lease, 352 Chapel Street, South Yarra
Red Chilli Group leased the 320sqm two-level, double-fronted building at $165,000pa net, on a seven-year deal with a seven-year option, for a new Chinese restaurant.

Retail Lease, 288 Doncaster Road, Balwyn North
Dog groomers Yuppy Puppy inked a three-year lease over the 112sqm space at $50,000pa.

Specialised Asset Sale, 22-24 Ferntree Gully Road, Oakleigh East
Leased to 3 Bees Early Learning until 2025 with five-year options, the childcare centre has a licence for 47 places and sold for $$2.05 million, with a net income of $122,707pa plus outgoings and GST.

Land/Development Sale, 1 Vine Street, Heidelberg
The ready-to-build 807sqm corner site, zoned Residential Growth, sold for $2.4 million with pre-sales across part of the permitted 13-apartment project.

Office Sale, 5 Stewart Street, Richmond
A local investor paid $4.1 million for the vacant 470sqm corner building. It is on a 235sqm site zoned Mixed Use and plans have been lodged for a residential extension, while there is development potential for a building of more than eight levels.

Office Sale, 979 Burke Road, Camberwell
The offices of the Australian Health Service Alliance, of 664sqm on a 628sqm site zoned Commercial 1, sold for $3.9 million with three years remaining on the lease.

Office Lease, 130 Lonsdale Street, Melbourne
The Australian Financial Complaints Authority has committed to 7,600sqm across levels 24 to 27 on a 12-year term within Charter Hall’s $700 million Wesley Place development. The 130 Lonsdale Street tower will rise 35-storeys and have 55,000sqm of office space.

Office Lease, 9 Queen Street, Melbourne
Cloud solutions firm Bourne Digital leased signed a 4x3-year lease over the 250sqm character basement within the heritage-listed Bennelong house. at $100,000pa plus GST from the Bennelong Foundation.

Industrial Sale, 140 Bernard Street, Cheltenham
The two-level 1,740sqm office, showroom and warehouse facility is on a 3,243sqm site with 25 car spaces and gated hardstand of 400sqm, and traded for $2.4 million.

Industrial Sale, 1350-1352 North Road & 9-13 Fulton Street, Oakleigh
Bus company ComfortDelGro Coporation Australia Pty Ltd has paid $4.9 million for the 3,630sqm site that adjoins its existing depot. Across four separate titles, the Industrial 1-zoned property has 1,429sqm of buildings and three street frontages, and sold with short-term leases.