Commercial Property Guide_Issue 1, 2013

Property Guide Issue 1, 2013 Commercial & Industrial

the new

AMBIENCE

MAJOR INVESTMENTS for the Illawarra

Real progress is occuring... take a look inside!

One of Wollongong’s most

EXCITING & COSMOPOLITAN

retail projects More info on Page 4

Online Magazine mmj.com.au/cpg

Your comprehensive guide to Commercial, industrial & retail properties for sale & lease

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Welcome to our first edition for 2013 a year in which we firmly believe to be full of positive transitions for the illawarra

I was honoured to be able to provide what was in effect the keynote address at this year’s Illawarra Outlook luncheon, organised by the Property Council of Australia. In compiling market information for that address we were able to draw a number of conclusions: •

Michael croghan director department manager commercial & industrial leasing Michael holds a Bachelor of Business (VAL) from the University of Queensland and has been working in the Illawarra for over 20 years.

Michael has extensive property and local expertise, and is available to assist with any Commercial & Industrial Leasing related issues or questions. michael.croghan@mmj.com.au

• • • •

•

We are past the bottom of the property investment cycle and are on the way up The Illawarra’s property market fundamentals generally are quite sound Recent sentiment has improved The Illawarra is on the crest of a wave of significant new investments (see page 10) We are in the midst of a continued trend of diversification and have proven to be resilient especially in the face of some real challenges on the industrial and manufacturing front The ‘Smart Money’ is actively in the market place now trying to take advantage of the favourable conditions

The following Property Guide provides just some of the investment and business opportunities to which MMJ is involved. We welcome your interest and offer our broad array of professional services to assist in your property needs.

The outlook is positive, so get on board!

Michael Croghan Disclaimer: The above statement is an opinion only. No liability is accepted.

s p o h s retailease for l ed

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Join

the new

AMBIENCE The New Ambience is a breathtaking mixed use development due for completion mid 2013.

We are proud to reveal that all 34 residential apartments have been sold with close to half of these purchasers already residing in the completed residential section.

The remaining opportunities to join Coles, NAB and Liquorland at the New Ambience include street-front and internal retail shops ranging from 34m² - 261m².

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+

50% alr

+

The street-front shops offer high exposure to passing vehicle and pedestrian traffic which is ideal for quality retail and food/café users.

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+

Leading * Medical firm provals

*Subject to final ap

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newambience.c

The internal shops within the arcade equally benefit from being placed opposite the entry to Coles and Liquorland.

The New Ambience features a large, all weather basement carpark for 174 cars for sole use by the retail shop customers. A travelator and passenger lift will service access between the basement and ground floor.

Be quick to secure your shop in this boutique suburban centre close to public transport and only 5 minutes North of Wollongong’s CBD.

For more information contact:

Kerrie Fowler 0407 439 611

kerrie.fowler@mmj.com.au

On behalf of

Strategic portside industrial holding port kembla, Lot 2 Foreshore Road •

29,980m² (approx) level allotment, almost completely concrete sealed

•

Significant existing improvements totalling 5,563m² (approx), most having been recently refurbished

•

IN3 Heavy Industrial zoning under SEPP Major Developments (three ports)

•

Prime position adjacent to major Outer Harbour Development which has an estimated value of $700 million

for sale | EOI Closing 4pm, Thursday 30th May 2013 Contact

Office Web iD

Tim Jones 0409 456 299 Travis Machan 0447 300 800 Geoff Jones 0418 421 074 MMJ Wollongong 4229 5555 mmj.com.au/3P3878

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Investment in high growth corridor shellharbour city centre, 2 Memorial Drive • • • • •

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High returning retail / commercial investment Located opposite Stockland Shellharbour is $300 million development A diverse and quality mix of national tenants including Suncorp, Dominos and Subway Building area 2,557m² (NLA)* Property offers potential upside. Estimated fully leased income is $713,972 p.a. ex GST

for sale | EOI Closing 4pm, Thursday 16th May 2013 Contact

Office

Web iD

Geoff Jones 0418 421 074 Travis Machan 0447 300 800 John Macree 0412 222 511 Leslie Cheng 0411 879 765 MMJ Wollongong 4229 5555 Jones Lang LaSalle 9806 2800 mmj.com.au/3P3887

ideal small business opportunity WOLLONGONG, 140 Auburn Street High exposure to Auburn Street intersection Existing warehouse plus vacant land Convenient access to CBD and arterial roads 723m² (approx) land size Zoned IN1 General Industrial

6pm Wednesday, 1st May 2013 Wollongong Golf Club Price Guide Above $450,000 + GST Contact

Office Web iD

Tim Jones 0409 456 299 tim.jones@mmj.com.au Travis Machan 0447 300 800 travis.machan@mmj.com.au MMJ Wollongong 4229 5555 mmj.com.au/3P3875

OF RE A FER AS L S C ON L ON ABL SID E ER ED

• • • • •

Auction

CBD INDUSTRIAL UNIT - VENDOR MUST SELL WOLLONGONG, Unit 30, 124 - 130 Auburn Street (Gateway Industrial Park) • • • • •

Brand new 118m² (approx) industrial unit More than 8 metres of internal clearance 2 car spaces on title in security grated complex Electric rollerdoor, 3 phase power available Bathroom, kitchenette and hot water system included

Auction

6pm Wednesday, 1st May 2013 Wollongong Golf Club Price Guide Above $260,000 + GST Contact

Office Web iD

Tim Jones 0409 456 299 tim.jones@mmj.com.au Travis Machan 0447 300 800 travis.machan@mmj.com.au MMJ Wollongong 4229 5555 mmj.com.au/3P3886

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all reasonable offers considered ALBION PARK RAIL, Unit 6, 108-112 Princes Highway (Airport Central) •

Brand New! Modern designed industrial unit with concrete tilt-up construction in security gated complex

•

161m² total area: 134m² high clearance with roller door access and 27m² air-conditioned mezzanine office

•

Low cost outgoings for a premium product with Strata, Council & Water Rates currently less than $3,000 p.a.

•

Convenient access to Princes Highway from Hargraves Street at The Regional Airport intersection

Auction

6pm Wednesday, 1st May 2013 Wollongong Golf Club Price Guide Above $280,000 + GST Contact

Office Web iD

Tim Jones 0409 456 299 tim.jones@mmj.com.au Travis Machan 0447 300 800 travis.machan@mmj.com.au MMJ Wollongong 4229 5555 mmj.com.au/3P3888

on the market too long - vendor says sell!

WOLLONGONG, 278 Keira Street

for sale $1,250,000 + GST

• • • • •

Contact

Office Web iD

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Substantial 767m² (approx) three-level commercial building Entire building is air-conditioned and enjoys plenty of natural light Large covered carport at the rear which comfortably fits up to six vehicles Situated 200m (approx) from Wollongong Mall Upgrade and value add to make it your next company headquarters

Travis Machan 0447 300 800 travis.machan@mmj.com.au Tim Jones 0409 456 299 tim.jones@mmj.com.au MMJ Wollongong 4229 5555 mmj.com.au/3P0171

FOR SALE $839,000

FOR SALE $2,490,000

FOR SALE $poa

FOR SALE $1,100,000

35A ADDISON STREET SHELLHARBOUR

10 KEIRA sTREET WOLLONGONG

132 WEST DAPTO ROAD KEMBLA GRANGE

41-43 pRINCES HIGHWAY UNANDERRA

FROM $299,000

FOR SALE $1,250,000

FROM $239,000

FOR SALE $339,000

AIRPORT CENTRAL ALBION PARK RAIL

278 KEIRA STREET WOLLONGONG

GATEWAY INDUSTRIAL PARK WOLLONGONG

3/81 MONTAGUE STREET NORTH WOLLONGONG

$990,000

$7,510,000

$1,050,000

$660,000

$910,000

$1,350,000

330-334 Keira street wollongong

17 reddals road kembla grange

237-239 pRINCES HIGHWAY CORRIMAL

329-331 princes highway woonona

303-307 Crown street wollongong

53 Baan Baan Street Dapto

$990,000

$1,360,000

$8,100,000

$3,000,000

$3,000,000

$720,000

263 KEIRA STREET wollongong

138 -142 Kembla Street wollongong

60 burelli street wollongong

71-77 KEMBLA STREET WOLLONGONG

43 burelli street WOLLONGONG

216-218 Lawrence hargrave dr thirroul

MMJ SELLS OVER

COMMERCIAL & INDUSTRIAL PROPERTIES IN THE ILLAWARRA geoff.jones@mmj.com.au

Geoff Jones 0418 421 074

tim.jones@mmj.com.au

Tim Jones 0409 456 299

travis.machan@mmj.com.au

Travis Machan 0447 300 800

40% OF ALL for real results contact our commercial experts

MMJ WOLLONGONG 4229 5555 info@mmj.com.au Ground Floor, 6-8 Regent Street, Wollongong

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major investment pipeline there is a lot happening in the illawarra right now. Real progress is occuring... just take a look

•

Stockland Shellharbour’s $300m expansion is nearing completion.

•

GPT’s West Keira $200m development has commenced and will significantly enhance the Wollongong City Centre.

• •

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Work on the upgrade to Wollongong City Mall has started.

Stage 1 of Port Kembla’s Outer Harbour expansion has just been completed (8 ha) and has achieved significant take-up already and a new tug facility in the outer harbour has just become operational.

•

Cement Australia are right now establishing a new $180m plant to the Outer Harbour.

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Ambience Fairy Meadow: Coles Supermarket, 15 specialties, 1,400m² office, 34 residential units. 90% committed.

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The region’s priority rollout of the NBN will see connection of the Wollongong CBD and various suburbs this year.

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A new $150m Data Centre is being constructed by Metronode at Unanderra.

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$86m redevelopment of Wollongong Hospital has commenced + $25m new multi-deck car park + $14m expansion of the Illawarra Cancer Centre.

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$39m new Flinders (Shellharbour) Train Station is underway.

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First stage of the $160m Shellcove Boat Harbour began construction this month.

Mooted for many years, now becoming a reality!

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Shellharbour City Council have just resolved to proceed with preliminary works relating to a new $57m City Hub.

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The largest theme park in NSW, Jamberoo Action Park, has just opened the first $14m stage of a 4 stage $60m expansion.

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Construction of a new $18m Masters Hardware near Shellharbour will start this year.

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$70m Warrigal Care aged housing facility to commence at Shellcove.

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Another building is under construction at the Innovation Campus, being the cutting edge Sustainable Buildings Research Centre at a cost of $26m. This will take the size of new buildings completed at the campus to 36,000m² within its 6 years of being established. Projected project size is 135,000m².

•

UOW’s $40m Kooloobong Village (360 student beds) is due for completion shortly.

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The $30m IRIF employment generating fund has now been assigned to a broad array of businesses, the distribution and benefits of which will now start to flow through.

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The State Government has committed to direct $100m of funds from the sale of the ports to the Illawarra infrastructure projects.

vacant industrial unit priced to sell NORTH WOLLONGONG, Unit 3 / 81 Montague Street

for sale $339,000 + GST

• • • • •

Contact

Office Web iD

Tim Jones 0409 456 299 tim.jones@mmj.com.au Travis Machan 0447 300 800 travis.machan@mmj.com.au MMJ Wollongong 4229 5555 mmj.com.au/3P3407

fo rl ea se

256m² (approx) unit with 3 car spaces in a boutique complex Existing coolroom currently being removed Male and female toilets plus crib room Wide driveway with excellent truck access Conveniently located close to Wollongong’s CBD

actual view

chic cbd office WOLLONGONG, Level 2, Suite 1a, 73 Church Street • • • • •

75m² (approx) of air-conditioned office space Centrally located opposite Wollongong Courthouse Lift and disabled access Offering South/West views and natural light Parking on-site for 2 vehicles at an additional cost

for lease $27,360 p.a. gross + GST Contact Email Office Web iD

Kerrie Fowler 0407 439 611 kerrie.fowler@mmj.com.au MMJ Wollongong 4229 5555 mmj.com.au/3P3528

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fo rl ea se

907 sqm - 1,164 sqm large city office or showroom wollongong, 243-249 Crown Street • • • • •

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High profile location opposite new GPT development - strategic position High ceilings Rare large floor plate to CBD Will consider a budget rental for short term lease 907m² at ground, 257m² lower level, 440m² additional storage

for lease $367,915 p.a. gross + GST Contact Email Office Web iD

Michael Croghan 0418 217 564 michael.croghan@mmj.com.au MMJ Wollongong 4229 5555 mmj.com.au/3P3319

fo rl ea se

2,770 sqm high clearance shed in coniston coniston, 2-10 Bridge Street • • • • •

Close proximity to Wollongong’s CBD, 5 minutes to Port Kembla and Steelworks Good access, close to main roads Recently renovated Gantry crane to one section Excellent curtilage / hardstand: 6,517m² site area

for lease $249,300 p.a. gross + GST Contact Email Office Web iD

Michael Croghan 0418 217 564 michael.croghan@mmj.com.au MMJ Wollongong 4229 5555 mmj.com.au/3P3591

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fo rl ea se

join

only 147-451 sqm remains

wollongong’s finest commercial development wollongong, 45-53 Kembla Street • • • • • •

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Very limited space remains - be quick!

Flexible sizing: 147m² - 451m² Nearing completion, handover August 2013 NABERS Rating 4.5 star (design) Profile position one block from Wollongong Mall Substantial secured parking available

for lease from $63,945 p.a. gross + GST Contact Email Office Web iD

Michael Croghan 0418 217 564 michael.croghan@mmj.com.au MMJ Wollongong 4229 5555 mmj.com.au/3P3858

why should you invest in Wollongong? education

retail

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•

•

•

Wollongong is a major educational centre, with one of Australia’s leading universities The city and surrounding Illawarra region has around 140 government primary and secondary schools and more than 50 fee-based independent schools and colleges.

The city’s comprehensive high schools are complemented by four specialist high schools: Wollongong High School for the Performing Arts, Keira Technology High School and the selective Smiths Hill High School, all in Wollongong, and Illawarra Sports High School at Berkeley in the southern suburbs.

health

tourism

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•

•

Wollongong Hospital is the major referral hospital for the City and surrounding suburbs. Its services include surgery, medicine, maternal, neonatal, pediatric, intensive care, emergency and cancer care. There is also a considerable specialist medical precinct surrounding the hospital.

The University of Wollongong’s Graduate School of Medicine is increasingly attracting world-class medical specialists to the city who combine research and teaching with specialist medical practice.

Transport & Infrastructure •

•

Sources Advantage Wollongong www.advantagewollongong.com.au Wollongong City Council www.wollongong.nsw.gov.au Stockland www.stockland.com.au

•

Wollongong’s Crown Street Mall is currently undergoing a major revitalisation including GPT’s $200 million expansion which will create a modern and vibrant city centre. It will showcase 80 new stores, featuring a selection of fresh food, casual dining, fashion and lifestyle brands.

Stockland Shellharbour, located approximately 20 minutes south of Wollongong, and one of the largest shopping centres in the Illawarra area, opened its first stage of redevelopment in May 2013. Works are still underway on the $330 million expansion which will create over 200 specialty stores on over 75,000m² (approx) of retail space.

•

Wollongong is strategically located just 1 hour south of Sydney and is linked to Sydney & Canberra via the Hume Highway.

The Government funded Free Shuttle Bus runs on a continuous loop linking Wollongong railway station with the CBD, North Wollongong Beach tourist trip, the Innovation Campus, Wollongong University and Wollongong Hospital.

Port Kembla, located 15 mins east of Wollongong homes Australia’s biggest steelworks (Bluescope Steel) and accommodates trade from other parts of Australia and the rest of the world.

• •

Wollongong is Australia’s 9th largest city, located on a narrow coastal strip between the Illawarra escarpment and the Tasman Sea. Offers cultural experiences such as the Nan Tien Temple and Wollongong’s Science Centre.

The 665m Sea Cliff Bridge opened in December 2005 and has become an icon to the people of Wollongong and welcomes tourists annually.

With over 50 years in business, our dedicated team of professionals know the region intimately.

MMJ Wollongong is a leading agency in commercial, industrial and retail property sales and leasing, with a team of highly qualified and experienced personnel with added support from valuers, town planners, lease negotiators, property managers and marketers.

Take the hassle our of investing in commercial & industrial property. Contact MMJ Wollongong today 4229 5555.

MMJ Wollongong Your Local Agent

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our reach We have a stated objective to expand the services we offer and grow our office locations across the nation to better serve the requirements of our loyal clients.

MMJWollongong Ground Floor, 6-8 Regent Street, Wollongong Phone (02) 4229 5555 Email info@mmj.com.au

Advertising

Katie Rollinson 02 4229 5555

Jes Frazer 02 4229 5555

Design

printing

MMJ In-House Design marketing@mmj.com.au

Print Media

Lyndell Thompson 02 4229 5555

This document has been prepared by Martin Morris & Jones for advertising and general information only. Information contained within this document is correct at time of printing (April 2013).

Martin Morris & Jones does not warrant or represent that the information in this document is free from errors or omissions. Any interested parties should undertake their own enquiries as to the accuracy of the information. Martin Morris & Jones accepts no responsibility for any loss, damage, cost or expense (whether direct or indirect) incurred by you as a result of any error, omission or misrepresentation in information. Martin Morris & Jones respects your privacy. For information on Martin Morris & Jones Privacy Policy visit www.mmj.com.au