Twelve retail assets across five states sold individually to local and private purchasers for close to $30 million.
Colliers, together with transaction advisers Ellerston Capital Solutions, has successfully divested the Doors Plus Retail portfolio, a national collection of twelve retail properties across NSW, VIC, QLD, SA and the ACT. The portfolio realised a combined sale price circa $30,000,000.
The sale was facilitated by Colliers agents Jordan McConnell, James Quick, Steven King, Lucas Soccio, Rhys Newman and Matthew Winter, together with Martin Hanrahan and Jarrod Silbert of Ellerston Capital Solutions.
Colliers ran a national campaign that pooled the retail investments while marketing two vacant properties separately, mobilising the full breadth of its national and local premium investment teams to enhance buyer engagement and maximise value across each respective market. The campaign generated more than 800 enquiries and in excess of 150 offers, driving robust competition and strong outcomes for the vendor, Doors Plus.
“Working alongside Ellerston Capital Solutions we were able to execute a targeted national campaign at pace, delivering strong interest and outcomes across every market. The widespread nature of the portfolio presented operational and structural challenges and required coordinated local engagement, and that’s where our national platform delivered – mobilising specialists in each state to convert significant enquiry into completed sales,” said Jordan McConnell, Head of Premium Investments, Australia.
The assets spanned key trade and growth corridors from Sydney and Gosford to Melbourne’s inner west and eastern suburbs, through to Queensland and South Australian trade precincts and the ACT, demonstrating the strong buyer interest in wellpositioned, tradefacing retail locations underpinned by leases to an established national brand. Although several institutional groups presented interest in the offering, Colliers’ deep local and national buyer networks ultimately converted strong engagement into individual and tranche sales to private buyers best placed to transact at prevailing local market levels.
“We designed a campaign that combined national reach with local execution so we could unlock value in each market. This approach created broad competition and produced outcomes that reflect both the intrinsic value of the sites and the strength of the tenant covenant. Despite short lead times and a complex mix of titles and lease structures, buyer engagement was overwhelming, confirming the enduring demand for welllocated trade retail assets,” added James Quick, Senior Executive, Investment Services.
The sale demonstrates continued investor appetite for resilient, trade‑facing retail real estate in major growth corridors and underscores the value of a national portfolio strategy that pairs strategic marketing with targeted local execution.
The list of stores are as follows:
- 9-10/7 Hollylea Road, Leumeah NSW
- 11/19 Victoria Avenue, Castle Hill NSW
- 3A Debenham Road South, Gosford West NSW
- 3/2 Parramatta Road, Clyde NSW
- 276-282 Ballarat Road, Footscray VIC
- 1/603 Whitehorse Road, Mitcham VIC
- 909 Princes Highway, Springvale VIC
- 1/1523 Sydney Road, Campbellfield VIC
- 62-66 Brisbane Road, Labrador QLD
- 1199 South Road, St Marys SA
- 213-215 Main North Road, Sefton Park SA
- 174 Gladstone Street, Fyshwick ACT
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