Stonebridge Launches October National Portfolio Following $217.81 Million

Stonebridge Property Group has launched its October National Portfolio, bringing a fresh collection of freehold investments to market across the fuel and convenience, childcare and medical sectors along Australia’s eastern seaboard.

The launch follows a strong period of activity for Stonebridge, which has transacted $217.81 million across its national portfolio in the past three months, reflecting the depth of private investor demand for securely leased, essential service assets. That appetite has been sharpest for brand-new stock, even as higher development costs and delivery complexity slow the supply of newly completed freeholds. With less new product reaching the market, quality assets are drawing strong competition as they become available. Several of these feature in the October National Portfolio, across high-growth and tightly held locations in Victoria, New South Wales and Queensland.

Brand-New Service Centre Leads the Line-Up

Leading the campaign is a brand-new BP and Subway service centre at Clyde North in Melbourne’s high-growth south-east corridor, completed in 2024 and positioned within one of the region’s fastest-growing catchments, where the population is forecast to rise 68% by 2046. This growth is driven by committed residential development including the $1 billion* Meridian Estate and its 3,000-plus new homes, with the centre well positioned among established retail including an adjoining KFC, the Woolworths-anchored Selandra Rise Shopping Centre 350 metres away and nearby Bunnings. Secured by two of the world’s most recognised fuel and convenience brands, the asset represents a standout opportunity to acquire a prominently positioned service centre in a proven, high-growth location, with the added benefit of strong depreciation as a 2024 build.

Also featuring is Gardenia Early Learning Toowoomba, a newly developed childcare centre positioned opposite a Coles and Woolworths shopping centre, with 14 schools within 3 kilometres* servicing more than 6,000 students. The established, family-dense catchment underpins long-term demand for the centre, which is leased to a successful family-owned operator with more than 20 years’ experience and a growing network of more than nine centres. The property is secured by a 20-year net lease to 2046, with options extending to 2076 and fixed 3.5% annual rent increases, providing long-term income security in an established and well-serviced location.

The portfolio also includes Maybloom Bentleigh, a landmark medical and essential-services investment in Melbourne’s tightly held Bentleigh precinct. Purpose-built across four levels in 2025 and fully leased with an 11.6-year WALE, the asset provides long-dated, diversified income within an established healthcare catchment. It is positioned approximately 3 kilometres* from Moorabbin Hospital and Holmesglen Private Hospital and 500 metres* from the Centre Road Major Activity Centre, placing it in one of Melbourne’s most established and tightly held healthcare precincts.

Stonebridge Partner Tom Moreland said the firm continued to see strong private investor appetite for quality freehold assets, particularly as the pipeline of newly developed stock remained constrained.

“The pool of brand-new freehold investments coming to market has thinned considerably, largely because the cost and complexity of new development has slowed the delivery of freestanding assets,” Mr Moreland said. “That has kept private investors firmly focused on modern, securely leased stock in essential sectors, where demand has held up regardless of wider conditions. Assets like the Clyde North service centre and Gardenia Toowoomba combine strong tenant covenants with locations underpinned by real population growth, giving buyers the certainty to invest with confidence for the long term.”

Assets in the Stonebridge October National Portfolio will be offered at auction on Wednesday 21 October at 11:00am (AEDT) at Capella Sydney, with remote bidding available in Brisbane and Melbourne alongside international live stream and bidding capabilities, with select opportunities available via Expressions of Interest closing Thursday 22 October at 3:00pm (AEDT).