Colliers Confirms Sale of Former Centrelink Broadmeadows Offices

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Colliers Confirms Sale of Former Centrelink Broadmeadows Offices
Colliers Alex Browne, Travis Keenan, and Ben Baines sold a significant corner office asset at 16-22 Pearcedale Parade, Broadmeadows, for $8,500,000.
A substantial corner office asset at 16–22 Pearcedale Parade, Broadmeadows, has transacted after just 20 days on the market for $8,500,000, in a deal managed by Colliers Alex Browne, Travis Keenan, and Ben Baines.

The property, formerly occupied by Centrelink, was sold on a short settlement to a not-for-profit owner-occupier, who submitted a strong offer prior to the close of the Expressions of Interest (EOI) campaign.
The 4,694sqm site is strategically located within the Broadmeadows Major Activity Centre, surrounded by key government and institutional buildings including VicRoads, Victoria Police, Hume City Council, and Northern Health Hospital. It is also just steps from Broadmeadows Train Station and across from Broadmeadows Central, offering exceptional connectivity and amenity.
The existing office building spans 2,185sqm and features dual street frontage across Pearcedale Parade and Dimboola Road. Zoned Commercial 1, the property was sold with vacant possession and includes a fully fitted office, flexible open-plan layout, multiple meeting rooms, a secure on-site car park for 40 vehicles, and an outdoor terrace.
Alex Browne, Associate Director of Colliers | Investment Services, "Owner occupiers continue to dominate the metro office market, and this transaction demonstrates the demand for excellent assets in critical locations. We're witnessing a distinct shift in buyer behavior, with businesses increasingly looking for long-term management over their properties rather than leasing."

Travis Keenan, Manager & Auctioneer at Colliers North West, told COMMO, "The North-West region is depleted of quality stock, and buyer demand has never been higher. This site provided a unique combination of scale, exposure, and planning improvements, making it one of the most appealing offerings in recent years."