Market Insights

Read the latest news about commercial properties in Melbourne and Victoria from CBRE.

20.05.2020

Elsternwick sale continues suburban retail resurgence

A shop on Glen Huntly Road in Elsternwick has changed hands for more than $2.5 million, amid an increase in demand for space in Melbourne’s suburban strip retail market. Currently occupied by longstanding massage parlour, Thai Soul Massage & Spa, 324 Glen Huntly Road has been purchased by a local buyer on a yield of…

08.05.2020

“Albert Park Drycleaners trades hand to domestic Chinese investor”

Amid the COVID-19 global pandemic a domestic investor of Chinese heritage has secured an Albert Park investment for in excess of $1,800,000. 35 Victoria Avenue, Albert Park leased to Albert Parks longest standing Dry Cleaner (Master Dry Cleaners) has sold via an on-market process for in excess of $1,800,000. CBRE’s Melbourne & Mornington Peninsula Strip…

South Melbourne Emerald Hill Terrace Sells for the Second Time in Just 18 Months, The Result Is Positive!

On 28th April 2020, amid the COVID-19 global pandemic, an iconic piece of South Melbourne history has changed hands. 336 Clarendon Street, South Melbourne, part of the Emerald Hill Terraces, has sold in an off-market process for $2,940,000. The Emerald Hill Terraces comprises a row of 15 shops along Clarendon Street, South Melbourne (between Bank…

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