Stonebridge Property Group’s National Portfolio Auctions in Sydney and Melbourne drew fierce competition amongst investors, with all six premium assets selling under the hammer for a combined $33.05 million at a blended yield of 3.90%.
The standout transaction of yesterday’s auction was the McDonald’s pad site at Glendale Shopping Centre, NSW, which sold for $11,645,000 on a sharp 3.86% yield. The asset was purchased ‘sight unseen’ by a Melbourne base private investor and is the tightest yield achieved for a McDonald’s above $9 million. Stonebridge acted on behalf of MA Financial (IP Generation), who acquired the shopping centre in recent years for circa $300m.
Childcare assets also proved to be highly sought after once again. A G8 Education leased freehold centre at Orange, NSW sold for $3.3 million at a 4.54% yield. Affinity Early Education Mitchelton, QLD sold for $4.7 million at 3.37% – the sharpest childcare yield ever recorded in Queensland, with an impressive 41 registered bids.
“Despite recent media uncertainty and speculation of an oversupply of childcare centres on the market, we know that childcare remains an investor favourite and ticks a lot of boxes given it’s long term importance to the broader economy and resilient fundamentals of the freeholds” said Stonebridge Partner Tom Moreland.
“Yesterday’s results showed strong bidding across the board, with the three childcare assets achieving a combined $1.6m over reserve. This demonstrates continued confidence in long term leased and well located childcare investments” he added.
The auction highlighted a wave of demand from Victorian investors targeting assets beyond their state borders.
“Interstate interest has been strong throughout 2025 and a key theme witnessed by our national team, led by Victoria private buyers seeking exposure to northern states.” said Partner Michael Collins.
“These buyers are seeking investments across both metropolitan and regional centres where top-tier tenant covenants underpin strategic landholdings, which yesterday’s outcomes attest to,” he added.
“Asian investors also played a key role in the bidding activity, with one being the underbidder of McDonald’s Glendale and another acquiring Affinity Mitchelton.
We have witnessed aggressive bidding from this group due to the growing appeal in Australia’s freestanding investment sectors and interest in assets backed by household name covenants” said Asia Practice Partner Kevin Tong.
Selling under the hammer at Stonebridge Property Group’s September National Portfolio Auction’s were:
- McDonald’s Glendale, NSW – $11,645,000 (3.86%)
- KFC and HEY TEA, Glen Waverly , VIC – $9,390,000 (2.99%)
- Affinity Early Education Mitchelton, QLD – $4,700,000 (3.37%)
- G8 Education Orange, NSW – $3,300,000 (4.54%)
- Cardiff South Early Education, NSW – $2,020,000 (5.25%)
- Reece Plumbing Bowen, QLD – $2,000,000 (7.25%)
Stonebridge’s 100% clearance reinforces its National Portfolio Auctions as the preferred platform for both vendors and buyers seeking certainty, competitive tension, and premium outcomes.
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