NORTHERN BEACHES
rhc.com.au/northernbeaches
I N D U S T R I A L , R E TA I L COMMERCIAL PROPERTY SALES & LEASING BUSINESS BROKING ASSET MANAGEMENT
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Our Award Winning Team Experienced Sales & Leasing Agents Specialising in Industrial, Retail & Commercial Properties on the Northern Beaches
No.1 Commercial Agent NSW 2017 - Vincent West No.2 Commercial Real Estate Agency R&H NSW/ACT Local Business Awards Winner 2013 & 2016
Call our team on 9939 6788
NORTHERN BEACHES 2018 certainly kicked off with a bang in the commercial sector on the Northern beaches, with successful auctions bringing record prices for vendors looking to capitalise on the strongest market the beaches have ever seen. One sale in particular was a fully tenanted set of shops in Narraweena that we have managed for over 40 years. It has development potential that saw investors going head to head with developers right down to the last bid. This auction achieved close to eight hundred thousand dollars over owner expectations and the we live streamed the auction on our Facebook page. With the sale capitalizing at a 3.94% Net return, the current environment offers exceptional opportunities for property owners considering a sale of their asset while the market is topping out. Average yields on the Northern Beaches are currently 4.5-6.0% for retail property, and 4.5-5.5% for industrial assets, both of which have compressed by around 0.5% over the last 12 months. One of many reasons for this is there are more investors in the market looking to invest in all types of commercial property, and when banks are paying around 2% on deposit, a yield of 4.5% on commercial property starts to sound very good. Another major contributing factor is there is very little new stock being constructed, and vacancy rates are tight at less than 1.0% for industrial property. This is consistent not only on the Northern Beaches, but to a slightly lesser degree, throughout greater Sydney and the East Coast of Australia. Give one of our commercial experts a call today to see where the value of your property sits in our market and when is the best time to sell.
Vincent West • Licensee in Charge and Director • 0403 444 000
FOR LEASE Brookvale One of the Best in this Office Block $50,000 + GST Gross
• 122sqm top floor • Road fronting office with 180 degrees of curtain wall • Open plan area for work stations • 3 security parking spaces • 2 Passenger lifts • Common male, female and disabled amenities • Visitor parking • Kitchenette with bar fridge and microwave cavity • On-site café for causal meetings • Disabled access
Please contact: Paul Cunningham 0413 161 661
FOR LEASE The Corso, Manly Is There a Better Place For Your Business? $120,000 + GST Gross
• 76sqm retail space • Premium Manly Corso frontage • Close to car parks, banks, cafes and restaurants • Excellent signage opportunity • Close to Council car parks • Moments from Manly Beach and Wharf • High foot-traffic area • Lovely fit-out, floorboards throughout & carpeted office • Full glass frontage • Air-conditioning • Private bathroom & kitchenette • Short term leases available
Please contact: Vincent West 0403 444 000 rhc.com.au/northernbeaches
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FOR LEASE East Esplanade, Manly Manly Restaurant Opportunity $114,700 + GST Gross
• 64 sqm shop • Prime Location • Grease trap and exhaust to be provided • Undercover terrace • DA pending for Restaurant/Cafe • Great natural light • Charismatic building • Excellent street frontage • Close to public transport • Close to car parks
Please contact: Vincent West 0403 444 000
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FOR LEASE Brookvale Fantastic Value, Well Positioned Warehouse $43,000 + GST Gross
• 267sqm space • 4 car spaces on title • Prime location • Visitors parking directly in front of the unit • Roller door access • Male and female bathrooms • Kitchenette • Plenty of storage • Zoning: IN1 General Industrial • Fantastic value in a great location
Please contact: Vincent West 0403 444 000
rhc.com.au/northernbeaches
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FOR LEASE Belrose CBD Quality with National Park Views $17,420 + GST Gross
• 67sqm plus a generous exclusive balcony of 9 sqm and 2 parking spaces with lift access • Uninterrupted views of the leafy Garigal National Park • Air-conditioned with individual climate control • Visitor parking • Private kitchenette • Common male/female amenities • Immaculately presented building foyer • Very practical fit out • Full security building
Please contact: Paul Cunningham 0413 161 661
FOR LEASE Frenchs Forest Best Value in the Street $19,000 + GST Gross
• 66sqm • Prime location • Excellent natural light • Energy efficient design • Full security building • Lift access from basement car park • 2 Basement security passes • Air-conditioning • Kitchenette
Please contact: Paul Cunningham 0413 161 661
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FOR LEASE The Corso, Manly Manly’s Beachfront Jewel in the Crown
• Grease trap, gas and exhaust • Lift access to all levels & internal stairs • 1st-floor suitable for a restaurant with a 93 sqm wraparound balcony • 2nd floor with a large terrace overlooking Manly Beach perfect for a rooftop bar • Uninterrupted views of world famous Manly Beach • International tenant leasing the ground floor
$445,000 + GST Gross
Please contact: Vincent West 0403 444 000
FOR LEASE Central Avenue, Manly Premium Office Space in the Heart of Manly Price Upon Application
• Suites 5 & 6 combine to an area of 192m2 • Two meeting rooms, entry partitioning • Own bathroom, shower and kitchen amenities • Premium internal fit out • High-speed internet • Thermal controlled airconditioning • CCTV video surveillance • 24/7 access control • 4x secure car spaces • 220 public car spaces in building’s basement
Please contact: Vincent West 0403 444 000 rhc.com.au/northernbeaches
Local Knowledge & National Strength
Property Owners Be Aware Recent changes to Building Fire Safety Regulations that could affect you Recent changes to the Environment Planning and Assessment Regulation 2000 that commenced on 1 October 2017, will affect building owners responsible for issuing fire safety statements. Under the reforms, building owners are now required to use “competent fire safety practitioners” (CFSP) for essential fire safety work. The NSW Government has advised building owners to satisfy themselves that the fire protection practitioners they select are competent and if inspections are not performed properly, the building owner may be held liable. The NSW Government is currently developing a CFSP accreditation scheme or schemes, however, until it does, it is
up to building owners and certifiers to satisfy themselves who will act as their CFSP. As from 1 December 2017 new templates for Fire Safety Statements and Fire Safety Certificates have also been introduced. The new forms require building owners to provide written opinion when lodging the fire safety statement to confirm that the CFSP’s that are chosen are competent. The new legislative changes are not related to the routine inspection and maintenance undertaken on your behalf by your incumbent fire protection company. For further information please refer to NSW Department of Planning & Environment fact sheet on Fire Safety Regulation reform 2017.
Have your property professionally managed by our team and we will keep you up to date with all legislative laws, giving you peace of mind.
Call our team on 9939 6788
Thinking of Selling or Leasing or know someone who is? No.2 Commercial Real Estate Agency R&H NSW/ACT Think Paul Cunningham for Commercial - your local Licensed Real Estate Agent for awarding winning results and local knowledge. With more people looking to lease and buy on the books, and transacting more Commercial property on an annual basis, why wouldn’t you seek the best for your property needs.
Contact Paul Cunningham on 0413 161 661 now for your free market appraisal.
2013
2016
WINNER 2013
WINNER 2016
Awards Night 2018 A huge congratulations to our very own Susanne Mitchell (pictured right with Angus Raine) who was named Raine&Horne Commercial’s Top Property Manager for NSW/ACT at the annual Raine&Horne Awards night. A very deserving win. Also taking home an award was Vincent West who was named Raine&Horne Commercial’s Top Sales Person for NSW/ACT. An amazing start to 2018 for our commercial team.
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Northern Beaches Largest Residential Sales Team We don’t just sell property, we maximise the result for you!
NORTHERN BEACHES 685 Pittwater Road, Dee Why NSW 2099 PO Box 1785, Dee Why NSW 2099 P: 9939 6788 F: 9982 6446 commercial@rhcnb.com.au rhc.com.au/northernbeaches
DISCLAIMER: The particulars set out in the advertisements contained within this publication are a general outline for the consideration of interested parties. The information herein is intended as a guide only and does not constitute an offer or form part of any legal document or title. All descriptions, dimensions, references to conditions and necessary permissions for use and occupation and other details are provided in good faith. The information contained in this publication has been obtained or passed on by the individual agents of properties listed in this publication from the owner, owner’s advisors or independent sources and is subject to errors, omissions, and inaccuracies. We do not warrant or guarantee, nor accept any responsibility to any person as to the accuracy of this information. Whilst every care has been taken in respect of the information contained herein, certain information has not been independently verified and all interested parties should make and reply upon their own enquiries. No person in the employ of Raine&Horne Commercial Northern Beaches has any authority to make or give any representation or warranty whatsoever in relation to the property concerned.
Local Knowledge & National Strength
Local Knowledge & National Strength