Victoria Commercial Property News

Care to guess Victoria and New South Wales’ most searched-for non-CBD commercial property locations? The results might surprise you.

Intense competition between a trio of aged care providers saw the price of a Brighton East respite facility, owned by Benetas, soar to $19 million – $8 million above its reserve.

The white-hot market for Bunnings Warehouse outlets will face another litmus test, with the first Bunnings store offered for sale in Victoria in more than six months.

Former Doncaster office site to become apartments, a new shopping centre for Sydney’s west, a chance to run your own nightclub, and which inner-city suburb is the flavour of the month? MORE DEALS.

Lend Lease’s unlisted Australian Prime Property Fund Commercial has appointed agents to sell one of its highest-profile green buildings in Melbourne, The Gauge, seeking a price of about $80 million. This article originally appeared on theaustralian.com.au/property.

Melbourne is on the verge of its last major influx of CBD office space ahead of a shortage that could last beyond 2020, according to new research.

US consumer goods company Spectrum Brands will park its Australasian headquarters and a distribution centre more than double the size of nearby Costco at the Moorabbin Airport business park precinct in Melbourne’s south.

Melbourne’s dwindling CBD car park stocks are expected to take another hit, with a Flinders St car park with 315 bays to be sold for around $30 million.

One thing’s for sure: you’ll have a captive audience during peak hour at this service station and fast food complex on Melbourne’s West Gate Freeway.