BRIEFS

A retail freehold at 178 Koornang Road in Carnegie sold for $1.725 million. The property, at the southern end of the Carnegie shopping precinct near Neerim Road, is leased to Warehouse Sales and returns $110,000 a year, which the sale reported as a 6.38% yield.

CVA Property Consultants sold the property at 901 Burke Road to a locally based private superannuation fund for $1.3 million. The ground-floor retail is leased to Brazilian Sunset, producing $54,080 a year and reflecting a reported yield of 5.56%.

The article reports yields of 6.38% (Carnegie) and 5.56% (Camberwell), which reflect the annual rental income relative to the purchase price on those transactions. For investors, those yields are the headline figures used to compare income-producing retail freeholds in Melbourne.

Charter Hall Group and Cbus Property launched a charity partnership with Youth Projects as part of their 171 Collins Street office development. They aim to raise $75,000 to fund development of Melbourne CBD’s first youth-specific Learning Centre in Hosier Lane, with Youth Projects providing services to unemployed and homeless people.

The Red Cross has leased 500 square metres of office space at 81–85 Barry Street, Carlton. The organisation is believed to be paying about $280 per square metre per year and will continue to occupy its former head office at 155 Pelham Street, Carlton.

The Inner North Community Centre, the previous occupant of the Barry Street offices, moved to Lennox Street in Richmond. The vacated space at 81–85 Barry Street was then leased by the Red Cross.

Yes. Burgess Rawson Melbourne promoted Jamie Perlinger to associate director, David Mark to associate director leasing, and Robert Stanley‑Turner to head the bulky goods division, according to the article.

The transactions show active demand for small retail freeholds and main‑road shop investments with yields in the mid‑single digits, interest from private superannuation funds in buying retail assets, and ongoing leasing activity for office space in the CBD and inner suburbs. The article also highlights community and charity partnerships tied to large office developments, which can influence the social profile of projects.