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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.

29.11.2019

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…

28.11.2019

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…

08.11.2019

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…

23.09.2019

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…

31.07.2019

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…

29.06.2019

Melbourne Strip Retail Investments Market Update – Friday 28th June

12.06.2019

BOX HILL: THE FASTEST GROWING ACTIVITY CENTRE IN VICTORIA, OUTSIDE OF THE MELBOURNE CBD

Box Hill is located 14km* east from the Melbourne CBD and is best known for its cultural diversity, with strong representations in Asian cuisines and retail. The suburb is filled with a vast range of shops, offices, education, housing, hospitals, transport and various community services. It has become a very popular destination for business, renowned…

03.04.2019

Victorian buyer demand reigns supreme as Noosa Junction retail investment trades hands

A popular Noosa Junction retail strip has been sold to a Melbourne based investor for $6.8 million. The campaign, managed by CBRE’s Rorey James, Rem Rafter and Kevin Tong, attracted over 100 enquiries from both domestic and international investors. ‘Oasis Centre’ at 16 Sunshine Beach Road comprises 10 retail and office tenancies across two buildings…

01.04.2019

Cashed up Melbourne buyers show their hand in Church Street Brighton auction

The Westpac building in Brighton’s Church Street retail hub has sold at auction for $6,900,000. CBRE’s Melbourne Strip Retail Investments team of Rorey James, Sandro Peluso and JJ Heng negotiated the sale of the 92-94 Church Street property in conjunction with Iles Real Estate’s Matthew Iles and Richard Seeley. “The property attracted strong interest from…

15.03.2019

Reserve price smashed by 36% at hotly contested Sorrento auction

The Sportsgirl building in Sorrento has been sold under the hammer for $4,070,000 at a hotly contested auction, which smashed the vendor’s reserve price by 36%. Eight bidders battled it out for the 54-56 Ocean Beach Road property, with the strong sale price translating to a sub 3% return and a building rate of over…

13.03.2019

Brighton socialite Coral Knowles buys Sorrento’s Sportsgirl for $4.07m

“The strong bidding is a positive sign for the wider Victorian strip retail market, particularly given that there are only 2.5 years remaining on the Sportsgirl lease,” Mr James said. “It highlights the depth of capital in the market seeking well-located retail investments. The campaign generated significant interest from locals who either own a holiday…

20.02.2019

Popular Noosa Junction retail centre set to go under the hammer

An established retail strip in the bustling Noosa Junction is set to fetch in excess $5 million when it goes under the hammer next month. ‘Oasis Centre’ at 16 Sunshine Beach Road has been owned by the same family for 30 years and comprises 10 retail and office tenancies across two buildings and 15 carparking…

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