COLONIAL First State is selling a suburban shopping strip, next door to its massive Forest Hill Chase Shopping Centre, in Melbourne’s east.

The 23 shops, configured predominantly as single storey buildings, are leased to a total of 26 tenants including ANZ, H&R Block and Taco Bill.

The shops will be sold separately, and are expected to sell on yields of between 3 and 4 per cent, according to Gross Waddell selling agent Tim Darcy.

ANOTHER month and another campaign to sell golf course investment has teed off.

This time, in Melbourne’s east, administrators for the Letten Scheme are selling two golf courses, known as The Heritage Golf & Country Club and spread over two suburbs: Chirnside Park, and Bend of Islands.

Golf club members have a lease over the course assets, while Mirvac Hotels has managed the conference facilities, retreat, spea and resort facilities, since 2002.