Strong pharmacy income and new lease opportunity provide an impeccable investment outlook in a tightly held area
Colliers is pleased to exclusively bring to market a rare mixed-use investment opportunity at 134 Macpherson Street, Bronte, just minutes from the iconic Bronte Beach. This tightly held retail shoptop property, anchored by TerryWhite Chemmart, offers a compelling blend of secure income, residential flexibility, and long-term capital growth potential.
Colliers Investment Services, Head of NSW, James Cowan said, “Bronte’s tightly held investment market is gaining strong traction among mum and dad investors who are seeking stable, long-term assets in blue-chip locations. With increasing demand for tangible, bricks-and-mortar investments that offer strong fundamentals, consistent income, and long-term capital growth.”
The property comprises a 165 sqm building on a 142 sqm land parcel, zoned E1 – Local Centre, and is tied-up with strong-performing pharmacy, TerryWhite Chemmart, on a 5 + 5 year lease. Above the retail space sits a two-bedroom residential dwelling, ideal for owner-occupiers or as an additional income stream. The asset also features rear lane access with residential parking, a garage for the pharmacy, and low outgoings, enhancing its investment appeal.
“This is a standout opportunity in one of Sydney’s most desirable coastal suburbs,” said Colliers Senior Executive, Sydney Metro Sales | Investment Services, Charles Raine. “We’re witnessing renewed interest in investment properties across the eastern suburbs, with the integration of residential components proving particularly appealing in 2025 as a means of risk mitigation. In Bronte, evolving capital growth trends and shifts in planning controls are reshaping the commercial property landscape. A momentum that is expected to drive increased transaction activity through 2025 and into 2026.”
Colliers Associate Director, Paul Grasso added, “The year 2025 has been shaped by ongoing speculation and scepticism surrounding Sydney’s commercial property market. Yet, assets backed by strong fundamentals and clear growth potential are drawing increasing interest. Investors are becoming more proactive. Rather than remaining on the sidelines, many are re-engaging with the market, driving a notable uptick in activity during the second half of the year.”
The listing comes amid a surge in retail investment activity. According to Colliers’ Q2 2025 market snapshot, retail transaction volumes reached $3.14 billion, marking a +51% increase from Q1 and a +76% rise year-on-year. Regional and Neighbourhood Centres saw particularly strong growth, with activity up +313% and +130% respectively compared to Q2 2024. With interest rate cuts boosting buyer capacity and income growth projections remaining strong, the retail sector is well-positioned for continued momentum.
Auction for 134 Macpherson Street, Bronte on Thursday, 21 August at 10:30am (AEST), to be held at Cooley CBD, Dexus Place, Level 5, 1 Margaret Street, Sydney.
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