Guardian Childcare and Education Kallangur sold for $7.96 million.
Over $59 million in properties, including 99 Bikes stores and a trendy chicken joint, changed hands in just hours – with $40m more expected to be finalised soon amid a new investor frenzy.
More than 100 investors gathered for Stonebridge Property Group’s February national portfolio auction, with 15 properties changing hands – generating $59.475 million in total sales and an average yield of 5 per cent.
Stonebridge was expected to release further sale results soon, “with expectations of total sale volumes exceeding $100 million”.
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The second round of 99 Bikes sales saw its Kedron store sold for $3.65m.
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Over 240 bids were placed on freestanding retail and childcare investments, with the top sale coming from Brisbane, where Guardian Childcare and Education Kallangur secured $7.96 million at 5.24 per cent yield.
Other notable sales included 99 Bikes Kedron in Brisbane for $3.65 million, Goodstart Deniliquin in NSW for $2.38 million, Chicken Treat Anketell in Perth for $3.415 million, and Petstock Kingaroy in Queensland for $4.04 million.
The freestanding Petstock – a business 55 per cent owned by Woolworths – is on a freehold corner site directly adjoining a high-performing Bunnings – sharing access from the D’Aguilar Highway within Kingaroy’s primary retail and service precinct. It is leased to Petstock on a brand new 7-year net lease with fixed annual increases, with the tenant operating 200-plus stores nationally.
Chicken Treat Anketell sold for $3.415 million.
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Multiple additional childcare centres leased to Goodstart and Busy Bees also sold under the hammer, with medium to long term growth prospects of the Brisbane market particularly exciting and very appealing to ‘set and forget’ style investors both locally and from across the country, according to Stonebridge.
The second instalment of the 99 Bikes portfolio was also part of this national auctions, and remained popular in key locations such as Tweed Heads in NSW and Cannon Hill in Brisbane.
Stonebridge Partner, Tom Moreland said “private investors are clearly undeterred by recent noise surrounding interest rates, utilising a long-term lens when competing for long-term leased investments across the key freestanding sectors”.
“Our ‘house view’ is that 2026 will be another transactional year across the market.”
Stonebridge Partner, Michael Collins, said “achieving a strong 85 per cent clearance rate with no properties withdrawn prior to auction is a clear indicator of positive market activity”.
“Commercial properties which provide annuity style income, growth and tax depreciation continue to increase in popularity, as they provide robust fundamentals in comparison to alternative investment vehicles.”