Growing investor interest in commercial property following Federal Budget changes
Colliers has completed the $6 million sale of 13 Cleeve Close, Mount Druitt with the fully leased mixed-use investment acquired by a private local investor, highlighting sustained demand for secure, income-producing commercial assets across Western Sydney.
The property sold on a 6.39% net yield following a competitive campaign managed by Colliers’ Harry Bui, Zhenni Lu and Andrew Bui.
“We’ve seen a noticeable shift in private capital following the recent Federal Budget changes affecting residential property investment. More investors are looking to commercial assets that provide stable income and long-term security, particularly in growth locations such as Mount Druitt where strong fundamentals, transport connectivity and tenant demand continue to support investment activity,” said Harry Bui, Head of Asia Markets, Australia.
The refurbished three-storey freehold asset is anchored by The Salvation Army and complemented by government, community and education tenants providing a diversified income profile. Located in the heart of Mount Druitt’s town centre, the property is within walking distance of Mount Druitt Railway Station and Westfield Mount Druitt, offering investors exposure to one of Western Sydney’s key growth precincts.
“The recently refurbished, fully leased investment anchored by The Salvation Army provides a secure and diversified income stream. Its proximity to the station further enhances its appeal, aligning well with current buyer demand for quality, income-producing assets in well-connected locations,” added Zhenni Lu, Associate Director | Investment Services.
The transaction reflects continued investor confidence in defensive commercial assets underpinned by long-term income security, quality tenancy covenants and strategic metropolitan locations. The property comprises approximately 1,234 square metres of net lettable area across three levels and is fully leased to The Salvation Army, SydWest Multicultural Services, Nova Employment and Conics Education.
“There remains significant private capital seeking well-leased commercial investments below $10 million. Buyers are becoming increasingly selective but they remain prepared to compete strongly for assets offering secure income streams, diverse tenancy profiles and strategic metropolitan positioning,” added Andrew Bui, Manager | Investment Services.
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