429 Bay Street, Brighton
A developer paid $5.39 million for the 1,370sqm site, which encompasses three titles and has a medical centre that will vacate on settlement and two residential tenancies on monthly leases.

342 Belgrave-Gembrook Road, Emerald
The Ritchies IGA Supermarket sold for $5.56 million at 5.8% yield. It has a 10 5-year lease returning $328,784pa plus outgoings and GST, and is on a 4,776sqm site zoned Commercial 1 with 79 on-site parking spaces.

88 Beaconsfield Parade, Albert Park
The 160sqm premises of Pineapple Palm Café sold for $1.789 million at a 5.3% yield. It has a 5 5-year lease bring $95,000pa net.

69 Main Street, Mornington
The Ghanda Clothing store sold for $2.6 million on a 3.6% yield, with a 2.5-year lease returning $96,721pa net plus outgoings and GST. It sits on a 280sqm site with six parking spaces.

81 Boronia Road, Boronia
A local investor purchased the 62sqm Boronia Laundrette premises for $285,000. It has a 3 3 3-year lease returning $15,375pa plus outgoings and GST, and is on an 89sqm site.

19 Clarence Street, Bentleigh East
Another local investor paid $270,000 for the Crown Massage premises of 50sqm, which has a 2 2 2-year lease bringing $20,400pa plus GST.

50 Lonsdale Street, Melbourne
Fashion retailer Lieutenant & Co. leased the 76sqm space on a 3-year deal with options at $80,000pa gross.

527-531 Church Street, Richmond
Danish company BoConcept Furniture signed a 5-year lease over the former restaurant and bar space of 472sqm, which will become its first Melbourne showroom, at $295,000pa net.

111 Toorak Road, South Yarra
The Hammer Real Estate, part of McMullin Group, will open a new Ray White real estate agency franchise from the 200sqm corner space after signing a 5-year lease at $110,000pa net.

100 Webb Street, Fitzroy
An investor acquired the home of publisher Native Tongue Music for $1.5 million at a 2.7% yield. The two-level 150sqm building is on a 170sqm site with Commercial 1 zoning, and has a 4 4 4year lease.

574 St Kilda Road, Melbourne
Developer Everland Global inked a 3-year lease at $600/sqm gross over 500sqm that it will use an office and display suite.

110 Church Street, Hawthorn
Elora Health leased the former VicRoads office of 792sqm on a 10 5-year deal at $320/sqm for a new medical clinic with GPs and allied health professionals.

23 Cremorne Street, Cremorne
Insurance brokerage and risk management firm Risk Partners leased the 300sqm two-level office building at $100,000pa net plus GST. It is on a Commercial 2-zoned site with two parking spaces.

31 Jersey Road, Bayswater
The 3,510sqm facility leased to online electrical supplies wholesaler Eltech Australia sold for $4.325 million on a 6.9% yield, with a new 5 5-year deal. It has a 2,953sqm warehouse, 557sqm of office space and 51 on-site parking spaces.

29-31 Sackville Street, Collingwood
A local investor paid $1.5 million for the 218sqm brick warehouse, which is on Commercial 2-zoned site and has a lease running until January 2020.

2-4 Henry Wilson Drive, Rosebud
The OuRVan RV warehouse site of 9,673sqm sold to a local investor for $2.65 million at a 5.66% yield, with a 5 5-year lease bringing $150,000pa net.

6-8 Henry Wilson Drive, Rosebud
Next door, developers acquired the vacant 8,500 block of land for $2.25 million, with intentions to build warehouse and factory units on the site.