Archives: Melbourne Strip Retail Investments

The CBRE Melbourne Strip Retail team has quickly established itself as a market leader in the strip space since its inception in 2014.

Our specialised team of passionate individuals, our combinations of experience and knowledge along with our drive to exceed client expectations allows us to continuously achieve outstanding results.


Vacant St Kilda building sells on 14-day settlement amid COVID-19

A private investor group specialising in building refurbishments has snapped up a vacant St Kilda building on a short 14-day settlement. CBRE’s Rorey James and Dylan Kilner negotiated the $3,1000,00 sale of 2-4 Vale Street on behalf of a private investor. The two-level, 955sqm building was snapped up by Hilllsyde Nominees, who will commence a…


“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…


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…


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…


Albert Park 7-Eleven Corner Going to Auction

 The home of a high-profile 7-Eleven in the heart of Albert Park will be sold at auction next month.  147 Victoria Avenue, a 179sqm tripled fronted landholding, has been occupied by 7-Eleven since August 1982, making it one of the longest-standing businesses in the bayside Melbourne suburb.  It sits on the corner of Danks Street…


Burke Road shop sells for $4.415m

 A retail site on Burke Road in Camberwell has sold for $4,415,000 at auction.  Featuring a 205sqm building, 769-771 Burke Road was purchased by a South Australian investor following a competitive auction that attracted six bidders and a strong crowd.  The shop is located between the intersection of Burke, Riverside and Camberwell Roads and Camberwell…


Retail strip for sale on Victoria’s Mornington Peninsula

 An iconic Mornington retail complex is to be offered for sale, introducing to the market a multi-unit retail centre with significant land holding and future development potential on the Mornington Peninsula – Victoria’s most visited tourism region.  Located at 53-55 Barkly Street, the complex commonly known as Barkly Square comprises nine retail units situated on…


Just Listed – Prime retail investment with long WALE to national hotelier

A landmark on Port Melbourne’s Bay Street, The Exchange Hotel, has been listed for sale through CBRE. Mathew George and Scott Callow of CBRE Hotels, together with Rorey James, Mark Wizel and JJ Heng of CBRE Melbourne Strip Retail Investments have been appointed to sell freehold investment of The Exchange Hotel on behalf of a private owner. Formerly home to Molly Blooms, the…


Foreshore facing retail strip hits the market for first time in 90 years

 A historical corner on the Mornington Peninsula has been listed for sale, marking the first time the asset will change hands in almost a century.  The Broadway, 1015-1021 Point Nepean Road, Rosebud comprises six retail shops on over 1,200sqm of land located in the heart of Rosebud, a thriving coastal Mornington Peninsula suburb.  CBRE’s Mornington…


Camberwell retail asset expected to tip $11m

A retail strip property located in Boroondara’s busy Camberwell shopping precinct is to be offered for sale with price expectations exceeding $11 million.  CBRE Melbourne’s Retail Strip Investments team of Rorey James, JJ Heng, Sandro Peluso and Lewis Tong have been appointed to market the property for sale in conjunction with Phillip Almeida of Performance…


Melbourne Strip Retail Investments Market Update – Friday 28th June

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