Market Insights

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

19.03.2020

Local investor snaps up Sorrento corner

 A prominent corner in the Mornington Peninsula’s premier retail precinct has been purchased by a local investor for $2.55 million.  On the corner of Melbourne Road in Sorrento, 174 Ocean Beach Road changed hands in a highly-competitive auction attended by more than 200 people over the Labour Day weekend.  The 232sqm landholding and double-storey building…

17.03.2020

St Kilda’s Barkly House office building for sale

Barkly House, a city fringe office investment of 1,563sqm* has hit the market this week and will be going to auction. The 950sqm* landholding, which features a the three-level office building, is fully leased to a variety of long-standing tenants and is nearby to the iconic St Kilda Foreshore, Luna Park and St Kilda Botanical…

05.03.2020

Official Press Release: The Tea House – 28 Clarendon Street, Southbank

Highly active investment and development company CostaFox has acquired Melbourne’s iconic Tea House building at Southbank for $28 million. CBRE’s Melbourne Middle Markets team negotiated the off-market sale on behalf of a Melbourne-based investor who had owned the 28 Clarendon Street building for just over 10 years. Built in 1888 and known as the “Robur…

03.03.2020

Sorrento – The beating heart of the Mornington Peninsula

SORRENTO Sorrento is no doubt the beating heart of the Mornington Peninsula, with its famed Ocean Beach Road offering a unique shopping and dining experience, front and back beaches providing a perfect place to swim and the Sorrento pier being the departure/arrival point for the popular Queenscliff ferry. The charming coastal town is ideally located…

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