218-222 Nicholson Street, Fitzroy
An investor purchased the 514sqm heritage building, on a 790sqm site, for $2.5 million at a 3.14% yield. The property has a new 5+5-year lease to suits and tailoring business Formal Red.

257 Canterbury Road, Canterbury
The 525sqm retail, showroom and office building sold to an owner-occupier for $2.225 million. The vacant Commercial 2-zoned 911sqm site is subject to a heritage overlay and has a 350sqm yard area and 38m frontage.

Shop 1, 1836 Malvern Road, Malvern East
A local investor paid $610,000 for the 100sqm shop, one of seven forming a corner retail complex, at a 5.1% yield.

1015 High Street, Armadale
Skincare brand Rationale leased the 100sqm ground floor space in a 5+5-year deal at $85,000pa net.

132 Victoria Street, Richmond
Bubble tea brand Sharetea signed a 7-year lease over the 45sqm space at $60,000pa.

376 Heidelberg Road, Fairfield
An investor paid $3.72 million for the 830sqm two-level building, which is on a 1,072sqm site with 18 on-site parking spaces. The property is 75% leased and currently returns $164,628pa net.

Suite 1, 33-37 Duerdin Street, Notting Hill
An investor purchased the office suite for $2 million, at a yield of just over 6%.

Suite 8, 100 Dover Street, Cremorne
An owner-occupier paid $1.34 million for the vacant 165sqm two-level strata office.

15-17 Queen Street, Melbourne
Ausbiotech is moving from South Yarra and leased 223sqm within the Lombard Building at $535/sqm gross.

177 Burnley Street, Richmond
Accounting firm BR Wellington Pty Ltd inked a 10-year lease over the 1970s office building at $320,000pa net plus GST.

132 Chestnut Street, Cremorne
Entertainment company Van Egmond Group leased the 300sqm office building for 4 years at $160,000pa net.

5 Claremont Street, South Yarra
New media company The Players’ Tribune leased the 151sqm space on a 2-year term at $637/sqm gross.

12-14 Cato Street, Hawthorn East
ASX-listed Think Childcare leased the 113sqm suite at $38,000pa for its new Melbourne head office.

49 Assembly Drive, Dandenong South
CBUS Property sold the 2,554sqm facility within Estate One for $4.25 million, at an initial yield of 6%. It is leased to International Food Distributors until 2022 with a 3-year option.

3B Cato Street, Hawthorn East
Vance Logistics leased the 980sqm office and warehouse at $150,000pa.

130-132 Freight Drive, Somerton
Camping group Thetford Australia Pty Ltd leased the 2,995sqm office and warehouse facility for 5 years at $210,000pa net.

368 Lygon Street, Brunswick East
The 595sqm site sold for $2.4 million, with a permit for a seven-level apartment development including ground floor retail.