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”.

MORE: Up 17 per cent: First warning as prices to explode

Neighbours forced to rip up floors after noise complaints

The second round of 99 Bikes sales saw its Kedron store sold for $3.65m.

MORE: ‘Political suicide’: Investor’s brutal call on tax reform

Axed: Albo orders $3bn ADF sell off of 64 sites

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.

MORE: Dodgy tradie act sparks urgent Aussie warning

$850k windfall for Haas ahead of big move

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.”

Source link

Philip Usher Constructions sold a huge 1.484-ha site at 8-16 Admiral Crescent, Tugun on the southern Gold Coast.

Developers have snapped up prime land neighbouring a major hospital on the Gold Coast for $14.5m, with the buyer planning to scrap aged care approval for a lucrative townhouse development.

Philip Usher Constructions sold the huge 1.484-ha site adjoining John Flynn Hospital to a locally based development group, which is understood to be planning to convert the existing approval into a townhouse development.

8-16 Admiral Crescent, Tugun.

MORE NEWS: Lived in garage: LSKD boss’ $50k lie for cash

Inside the $48m beach complex with just two units

Rapper Example reveals wild Aussie backyard makeover

The sale was managed by Ray White Special Projects Queensland, with Matthew Fritzsche, Mark Creevey and Tony Williams handling the transaction.

The campaign attracted 89 enquiries and multiple offers from both local and interstate groups.

Mr Fritzsche said the level of competition reflected the strength of the southern Gold Coast development market.

The campaign for the southern Gold Coast block attracted 89 enquiries and multiple offers.

“This was one of the most competitive campaigns we’ve run on the southern Gold Coast, with strong interest from a broad range of buyer profiles,” Mr Fritzsche said.

“The site appealed to groups looking to deliver aged care under the current approval, as well as those exploring alternative outcomes such as townhouses or apartments, given the underlying zoning and proximity to critical health infrastructure and Gold Coast beaches.”

Mr Creevey said the continued performance of the southern Gold Coast apartment and medium-density market was a key driver of buyer demand.

“The southern Gold Coast apartment market continues to perform strongly, and that was clearly evidenced throughout this campaign,” Mr Creevey said.

“Buyers were drawn to the combination of scale, flexible planning outcomes and the site’s immediate adjacency to John Flynn Private Hospital.”

The site neighbours John Flynn Private Hospital. Picture: Supplied.

Mr Williams said that the site’s strategic location near health, transport and lifestyle amenities significantly broadened its appeal.

“Opportunities like this, next to a major hospital and within minutes of the beach, airport and motorway access, are exceptionally tightly held,” Mr Williams said.

“That combination supported a very competitive process and an outstanding result for our client.”

The site is zoned medium density residential and currently has development approval for a 154-suite residential care and retirement facility, with an approved six-storey building height. Alternative potential development options include residential apartments, townhouses, build-to-rent, specialised disability accommodation and community housing.

Source link

Old Bush Mill, No.6827 Arthur Hwy, Port Arthur. Picture: Supplied

What’s next for Port Arthur’s Old Bush Mill? Well, that could be up to you.

Elders Tasmania has listed for sale No.6827 Arthur Hwy, Port Arthur as a residential and a commercial offering.

Agent John Blacklow said while the property has been used as a home since 2006, Port Arthur locals certainly remember it as a “thriving tourist attraction” operated by the Mathiesons.

“In its heyday it was very popular,” he said.

“There are two buyer demographics. Firstly, to retain as is.

“The main house is renovated and the second accommodation studio unit is very up-market.

“A third building could be developed for further accommodation use.

“It is a property that would be great for a family acquisition in an idyllic bush setting.

“Secondly, an entrepreneurial buyer could develop it for further tourism use.

“There are previous DAs for accommodation expansion.

“Other tourism uses — such as retail for wine, providore, cheeses, honey, arts and crafts, cafe — could well be considered.”

MORE: QV Tower sold in landmark Launceston deal

Ace! Serving Tassie’s tennis home dream

Leafy estate with cricket nets, basketball court seeks $2.35m+

Forecast: New peak Hobart home price tipped for 2026

No.6827 Arthur Hwy, Port Arthur.

No.6827 Arthur Hwy, Port Arthur.

No.6827 Arthur Hwy, Port Arthur.

Mr Blacklow said the site has been partly developed, but with plenty of scope for the next owner to put their own stamp on it.

“There is also a good access road down to the waterfront. And the property comes with a mooring, so, the addition of a jetty could be considered,” he said.

The property is adjacent to the Fox and Hounds Hotel, and about 100km southwest of Hobart.

It is close to the Port Arthur Historic Site, cafes, beaches and boat ramps.

No.6827 Arthur Hwy, Port Arthur.

No.6827 Arthur Hwy, Port Arthur.

No.6827 Arthur Hwy, Port Arthur.

On its 4ha of land there is a shop building, demountable studio, seven-bedroom residence, various structures and sheds, and the private mooring.

Its zoning is ‘Rural’.

In 1986, this property was developed as a tourist destination, featuring an authentic replica 19th-century sawmill settlement, heritage buildings with working craftsmen, and the distinctive Bush Mill Railway.

The railway was a notable attraction — a 15-inch gauge miniature line featuring a half-scale replica of K1, the world’s first Garratt locomotive.

The scenic route incorporated loops, zigzags, and the iconic Serpentine Bridge, winding down to the Fox and Hounds Hotel on the Arthur Highway.

No.6827 Arthur Hwy, Port Arthur.

No.6827 Arthur Hwy, Port Arthur.

No.6827 Arthur Hwy, Port Arthur.

The complex ceased operations in 2004, with all equipment subsequently divested.

The Mathieson family sold the property to Federal Group in 2006.

The current owners have had it since mid-2002. It has been listed for sale because it is surplus to their current needs.

For curious parties, there are Bush Mill Railway videos still available online on YouTube.

No.6827 Arthur Highway, Port Arthur is listed for sale at “Offers over $1.975m”. Contact John Blacklow or Rorie M Auld for details.

Source link