Ray White Portfolio Magazine December 2021

P O R T F O L I O DECEMBER 2021

THE RESURGENCE OF THE SUBURBAN OFFICE What to look for when investing in commercial property

Tree change movement drives developer demand

A first look at the latest opportunities for sale and lease

ANDREW FREEMAN Head of Agency Operations

What a year it has been. I remember looking back at the same time last year thinking about what we all endured in 2020 and how 2021 would see normality returning to the market. While things didn’t quite return to normal, this year we truly adapted to our ever changing environment, but what was most impressive was how our remarkable commercial specialists were unwavering in their resolve to deliver the best customer experience for our clients.

It’s been a huge year of growth for Ray White Commercial currently sitting $2.5 billion ahead of where we were this time last year. One of the highlights of 2021 was the record breaking $1.3 billion sale of Jandakot Airport facilitated by Brett Wilkins at Ray White Commercial WA, the biggest real estate deal in Ray White history.

There is plenty to look forward to as we head into 2022. With all of Australia’s borders anticipated to be open by February, investors and businesses can have increased confidence to invest in commercial property. As international travel also resumes, the return of the international workforce will also support our business growth.

As Ray White Commercial continues to grow, we hope to welcome more amazing and talented salespeople, property managers, administration staff, and business owners to further strengthen our ever expanding team.

I’d like to extend a big thank you to all our amazing clients for your ongoing support. We look forward to continuing to assist with your commercial property needs in 2022 and beyond, and to providing you with the best service and experience possible.

I wish you all a safe and happy holiday season and a prosperous new year.

We look forward to connecting with you all in 2022.

QUICK JUMP TO A REGION QLD VIC/SA/TAS

NSW

ACT

WA

NZ PORTFOLIO | Ray White Commercial | 3

WHAT TO LOOK FOR WHEN INVESTING IN COMMERCIAL PROPERTY In 2021 we saw a large increase in commercial sales transactions after a quiet 2020. Last year we saw both vendors and buyers adopt a “wait and see” attitude and were more cautious in coming to market and transacting in an uncertain economy. This year we saw transaction levels soar as interest rates maintained their low rate with a combination of growing confidence and buyers’ quest for increased returns.

As a result we witnessed a greater volume of first time buyers in the marketplace as well as experienced investors moving up the risk curve.

Turnover levels have improved across all asset classes notably industrial assets which have been best poised to weather the COVID-19 storm as well as alternative assets such as childcare, service stations and medical facilities.

More traditional assets like retail and office continue to be in hot pursuit by savvy buyers however there are a number of fundamentals you need to watch for when purchasing your next commercial asset.

VANESSA RADER Head of Research

4 | PORTFOLIO | Ray White Commercial

BUILDING APPROVALS - Often we see assets which have been added to and amended over the years, be certain that the property you are purchasing has the adequate approval and its use is permissible under the current zoning. Check with the local council if you are unsure, this will limit future issues with building regulations and could save you from costly fines.

HIDDEN PROBLEMS - While it's hard to see some problems with the asset, ask the questions and ensure you are making an informed decision. Assets like older industrial sheds; what are they made from, will you possibly have an asbestos issue in the future? Are there subterrain tanks on the site which may see you needing to spend money on remediating the land in the future?

ZONING - Just because a tenant is in place doesn’t necessarily mean their business type is permissible under current zoning legislation. Doing your homework on the zoning of your asset is a good exercise not just to understand who and what can occupy your property but to better understand possible highest and best uses of your property in time. Are you able to redevelop your asset to a different use or subdivide which may yield you a better return?

LEASES - Commercial leases are far more complex than residential leases so it may be worthwhile to have a professional review the clauses in place for your tenant. What are your rights and obligations as a landlord to the tenant, who pays for what and what reviews or options are in place for rental arrears, esculations, sub lease etc. A qualified property manager who can manage the asset, tenant and leasing process is often a big money saver in the long run.

RESEARCH - Before you get too excited on the specifics of the asset, it's prudent to do some investigation into the asset type and location you are looking to purchase in. There are a number of key fundamentals to consider for any asset class; importantly understanding the supply of future competing stock, current occupancy rates and also local statistics like business starts and population growth. There are a number of government sources to collect this information and the council you are investigating will likely have a future plan for their LGA regarding business and development which will provide an insight into demand for your asset in the future.

AUCTIONS - We have seen a large increase in commercial assets selling under auction conditions this year. This method of sale allows vibrant competition between potential buyers and it's very easy to have a sense of FOMO and bid above your budget. Be cautious and set a limit in which you wish to purchase for, consider all the outgoings as well and the income and what yield you are willing to pay and stick to it!

EXIT STRATEGY - While you are only just buying the asset now, it’s worth considering what your exit strategy may be and when you may be interested in disposing of the property.

This may be driven by your finances, retirement plan, the length or time remaining on the lease or future potential redevelopment opportunities. While this plan can change, it is worth considering your options early and create a strategy around this asset, how it sits in your portfolio and what its future may look like.

PORTFOLIO | Ray White Commercial | 5

GET TO KNOW RAY WHITE COMMERCIAL’S PROPERTY MANAGER OF THE YEAR JOYCE ELKOUBERCI Working in the real estate industry for 17 years, Ray White Commercial Western Sydney senior commercial asset manager Joyce Elkouberci has secured 88 new property managements in the last six months, and was awarded Ray White Commercial’s Property Manager of the Year award in 2021.

Ms Elkouberci went straight from highschool to working as a receptionist in the real estate industry, and has now been working in commercial property management for 15 years.

She has been with Ray White Commercial Western Sydney for the past four years.

“It was my mother who pushed me into this industry and it turned out to be the best decision I have ever made. I guess a mother does know best!”

Ms Elkouberci said.

“My parents had a construction company to which they were heavily involved with buying properties and building.”

“My mother thought it was a good industry to be involved in, and thought I would be good at negotiating deals.”

they were not able to achieve previously due to mismanagement,” she said.

“When I manage an investment, I take the premises on as though it were my own.”

In October alone, Ms Elkouberci signed up 16 new managements.

“Our team works together to be able to grow the property management business,” she said.

“We promote our services, offer property management tips to investors, and incentivise our agents with referrals.”

Ms Elkouberci felt honoured to win the Ray White Commercial Property Manager of the Year award for 2021.

“It always feels wonderful when you are recognised and supported by Ray White,” she said.

“Peter Vines and Ruby Rozental, who are the owners of Ray White Commercial Western Sydney, are always supportive and hands on.

“They are our biggest cheerleaders!”

Ms Elkouberci said she loved working with landlords to provide premium and personalised service.

“I enjoy being able to rectify issues our landlords have and helping new landlords achieve the highest possible return on their investment which 6 | PORTFOLIO | Ray White Commercial

When she’s not signing new property managements or looking after landlords, Ms Elkouberci has many hobbies.

“I enjoy exercising, shopping, and dancing,” she said.

STUNNING BUILDING WITH HUGE PRESENCE LAUNCHES IN HEART OF ROSEVILLE Set on 2479sqm of land with manicured gardens and a central water feature, Ashley House Lodge provides a rare opportunity to snap up a historic building in the heart of Roseville.

“It might be another smaller aged care group, it could be education, a residential conversion, a childcare centre, respite centre, or some other sort of medical use.

Located at 97 Ashley Street, the original building was built circa 1910.

“It could even form a hybrid of uses.”

The heritage conversion and new build component comprises 17 rooms, commercial kitchen, and common rooms including five dual key rooms.

Mr Vines said the size and location of the site, as well as the building’s beautiful aesthetic were the most attractive aspects of the property.

The property previously operated as a 40 bed aged-care facility.

“It’s a really stunning property with a huge amount of presence -- it’s unusual to find something of this size.

Ashley House Lodge is being marketed by Ray White Commercial Western Sydney in conjunction with Marshall Chan Yahl.

“Its proximity is very good. It’s in quite a suburban location but very close to Chatswood and very easily accessible in a residential location.”

With a price guide of $10 million, Ray White Commercial Western Sydney director Peter Vines said the property would attract a range of buyers.

The property is for sale via expression of interest closing on December 10.

There’s been a lot of enquiry so far -- it’s very unique but it’s more about what people want to do with it,” Mr Vines said.

PORTFOLIO | Ray White Commercial | 7

THE RESURGENCE OF THE SUBURBAN OFFICE

Despite the uncertainty in the office market due to the extended lockdowns and working from home mandates for parts of the country; this year we have seen unprecedented levels of demand to purchase suburban office assets. Following the trends we have seen across other commercial asset classes, demand has been high particularly over the past 12 months to secure quality, income producing assets given the volatility in the share market, strong gains in residential values coupled with the availability of finance.

Analysis of 2021 national office transactions has unearthed a record number of first-time commercial investors into the market, putting pressure on capital values and lowering yields. Confidence has been heightened in some suburban locations given the improvements in enquiry levels as some businesses look to reassess their office accommodation options and providing their staff more local, satellite office locations. However, we have also seen a growth in owner occupier activity with small businesses taking control of their accommodation needs and securing well located assets and capitalising on affordable cost of finance. The ability to secure assets across all price points has also a major drawcard for private buyers with high volumes of sub $2 million properties changing hands.

SALES ACTIVITY In the first nine months of 2021 we have recorded close to $2.45 billion in suburban office transactions.

This includes two major transactions being the Woolworths HQ in Bella Vista for approx. $463 million (the largest ever suburban office transaction) and a 50% stake of The Locomotive Workshop in Eveleigh for $231 million. While these assets may be out of reach for smaller, private buyers the confidence shown by large domestic and off shore corporates to invest in the suburban office markets has not gone unnoticed by this emerging savvy buying group.

FOCUS ON SYDNEY SUBURBAN OFFICES Ray White Commercial have monitored 509 transactions this year across Sydney with an average sale price of $4.82 million.

First time and private buyers have been active across the office asset class this year given the low interest rates and the overarching demand for income producing commercial property options. 444 of these sales are in the sub $5 million price range which highlight this demand. The sub $1 million price point which includes smaller strata office suites is represented by 271 transactions, this price bracket within reach for many first-time buyers, self-managed super funds as well private investors. This has resulted in strong compression of investment yields currently ranging from 4.00% to 6.00% however we have seen assets trade above and below this range depending on quality, lease covenant, location etc.

2021* Transactions: $2.45billion Source: Ray White Commercial, RCA, PIMS *2021 to 30 September

8 | PORTFOLIO | Ray White Commercial

OFFICE SUPPLY Looking ahead, there is currently 1.08 million sqm of significant office stock across 87 projects in the development pipeline. This excludes industrial assets with ancillary office space if you include this, volumes would extend beyond two million sqm of potential stock and represent 400+ projects.

SYDNEY SUBURBAN OFFICE DEVELOPMENT PIPELINE

-

50,000

100,000

150,000

200,000

Source: Ray White Commercial, Cordell Connect

DA Approved stock accounts for 45.10%, the majority in Western Sydney including larger data centre developments. Many of these approved projects are anticipated to remain on hold until pre-commitment is sourced, or overall office demand grows. Currently there are only seven projects under construction including refurbished stock, we expect this to remain low and demand led given the reduction in enquiry for occupying office accommodation, together with the increased construction costs resulting in little speculative development.

There is a further 490,125sqm of stock in the early planning and DA applied stage which is expected to remain on hold in the short to medium term. Development in the Western regions continue to dominate in line with the Sydney Cities plan, while City Fringe continues to show continued stock addition notably as part of residential unit developments.

While construction may be on hold for new office stock to enter the Sydney suburban market; as vacancy levels drop new occupier demand may result in new and exciting office accommodation to emerge across Sydney. The hunger for suburban office stock by the investment market continues to be high and as interest rates remain low and funding is available, we expect to the robust levels of transactions to maintain into 2022 putting on pressure on yields and setting new benchmarks in value.

PORTFOLIO | Ray White Commercial | 9

TREE CHANGE MOVEMENT DRIVES DEMAND FROM DEVELOPERS

Regional blocks with a close proximity to Brisbane, and a defining feature, are attracting the attention of developers with an appreciation for the tree change movement.

A 14.26 hectare lot located at 1A Davies Street, Kalbar (pictured above), recently sold to a developer for $1.225 million.

Another 18.58ha lot at 76-80 Duncan Drive, Aratula (pictured next page), sold for $1 million with a development approval for 38 lots. It was bought by a developer who specialises in regional areas.

Ray White Special Projects Queensland associate director Andrew Burke said both Scenic Rim properties had received a huge amount of interest with the Aratula property receiving 10 offers, and the Kalbar property receiving five offers.

“The Aratula property was previously on the market and received limited interest, and the sale was delayed at the were altering the development approval,” Mr Burke said.

“It was quite fortuitous as the market for those types of properties has dramatically increased.”

10 | PORTFOLIO | Ray White Commercial

As working from home and commuting to work became more commonplace throughout Covid-19, Mr Burke said buyers had developed a greater appreciation for the treechange movement. However, he said there were certain criteria which a property must fit.

“It can't just be just a paddock,” Mr Burke said.

“The Kalbar property had spectacular views to the Great Dividing Range as well as surrounding farms, plus the town had genuine country charm.

“The Aratula property had a spectacular view of Mt Edwards. It was also close to Moogerah Dam where people go water skiing.

“There has to be something special to it.

“The properties must also be within about an 80 minute drive from Brisbane, once you go any further than that people lose interest.”

11 | PORTFOLIO | Ray White Commercial

PORTFOLIO | Ray White Commercial | 11

LANE COVE CENTRAL BROUGHT TO LIFE WITH BRAND NEW RETAIL SPACES Lane Cove Central is being completely transformed into the retail soul of Lane Cove village, with opportunities to lease a limited number of brand new retail spaces within the centre.

Sun Property Group’s general manager Cameron Johnson said the redevelopment provided the perfect opportunity for businesses to establish themselves in the heart of Lane Cove.

Located at 56-60 Burns Bay Road in the heart of Lane Cove, the redevelopment is being directed by Sun Property Group, and will include the convenience of direct lift and travelator access to plenty of car parking on site.

“Lane Cove Central offers opportunities for retailers and commercial operators to have a home right within the beating heart of Lane Cove Village,” Mr Johnson said.

Ray White Commercial Sydney North agents Scott Stephens and Logan Grisaffe are seeking businesses to be part of Lane Cove’s newest retail and commercial offering, anchored by a brand new 2,000sqm Harris Farm Market, the largest in their portfolio of 26 shops.

Just four retail spaces remain available for lease, ranging from 55sqm to 365sqm.

“Leasing opportunities are available for retailers including food and beverage operators and health wellness traders,” Mr Grisaffe said.

“This is a premium offering and getting the opportunity to lease a shop alongside the largest Harris Farm Market in Australia does not come along that often.

“The Lane Cove retail environment is very strong.

With the growing population in this suburb, more business owners are looking to set up shop here.”

12 | PORTFOLIO | Ray White Commercial

“Lane Cove Central is anchored by Harris Farm Markets and has the benefit of several hundred public parking spaces and bus services that are directly adjacent to the centre.

“The centre will enjoy high levels of daily foot traffic through a modern and secure neighbourhood centre.

“Supply within centres adjacent to parking, serviced by mechanical transportation and with high foot traffic is limited within Lane Cove.

“Lane Cove Central is currently a unique offering for retail and commercial businesses within Lane Cove Village.”

The project is expected to be completed in early 2022.

PORTFOLIO | Ray White Commercial | 13

CLUDEN PARK RACECOURSE DEVELOPMENT LAND - 11* HECTARES Bruce Highway, Cluden, QLD

Outline and Locations Indicative only

SALE

EOI's sought - Sale, JV or Development Partnership • • • •

11.42* Hectares of surplus development land Broad variety of land uses include (^STCA) Prime high profile location on the corner of the Bruce Highway & Stuart Drive Positioned 9km* South of the Townsville CBD and directly opposite Fairfield Central Shopping Centre anchored by Coles & Woolworths and 40 specialty shops

Tony Williams 0411 822 544 tony.williams@raywhite.com Peter McCann 0497 067 170 peter.mccann@raywhite.com

*Approx ^Subject to Council Approval

raywhitespecialprojects.com

PALM COVE - BALANCE LAND ESTATE 13.49HA* WITH D.A AND OPW Lot 701 Seclusion Drive, Palm Cove, QLD

Outline and Locations Indicative Only

SALE • Balance of Paradise Point Estate situated in Palm Cove, Cairns, North Qld • Land area: 13.49ha* • Shovel ready project with D.A & OPW comprising 50 lots (avg. lot size of 822m2*)

Tony Williams 0411 822 544 tony.williams@raywhite.com

• 1km* to the beachfront and Palm Cove resort and internationally renowned restaurant and retail precinct • 27km* North of the Cairns CBD

Mark Creevey 0408 992 222 mark.creevey@raywhite.com

raywhitespecialprojects.com

36 TITLED RESIDENTIAL LOTS - TANNUM SANDS, CENTRAL QLD Tannum Blue Estate, Dahl Road, Tannum Sands, QLD

Outline and Locations Indicative oNly

SALE • • • • •

23km* south east of the Gladstone CBD and minutes to the coastline Balance of Tannum Blue Residential Land Estate 36 Registered, serviced residential allotments Flat, cleared lots ready to build on Lot sizes ranging in size from 160m2* to 1,031m2* (Avg. 460m2*)

• Close proximity to a range of amenities including schools, shopping and parklands

Mark Creevey 0408 992 222 mark.creevey@raywhite.com Andrew Allen 0408 799 585 andrew.allen@raywhite.com

*Approx

raywhitespecialprojects.com

STRATEGIC REGIONAL DEVELOPMENT OPPORTUNITY Lot 0 Downing Street, Innisfail, QLD

Outline and Locations Indicative Only

EXPRESSIONS OF INTEREST Closing Thur 9 December 2021 4pm (AEST) • • • • •

80,000m2* strategic land holding Multiple allotments Located 700m* from the Innisfail town centre Zoned Township/ Residential Former (partial site) residential subdivision approval (21 lots)

Rhys Hoole 0478 619 050 rhoole@raywhite.com Helen Crossley 0412 772 882 helen.crossley@raywhite.com

*Approx

raywhitecommercialqld.com

MULTI-TENANTED LEASED INVESTMENT ON CBD CORNER SITE 22 Spence Street, Cairns, QLD

EXPRESSIONS OF INTEREST

Closing Wednesday 15 December at 4pm (AEST) • • • • • •

Well-located and established mixed use centre in Cairns CBD Multi-faceted retail, commercial & entertainment tenancies Fully leased net income $554,608* p.a + GST Principal Centre Zoning 6.4km* to Cairns International Airport Short walking distance to The Esplanade, Cairns Wharf, and The Pier

Michael McCullagh 0403 426 474 mmccullagh@raywhite.com Helen Crossley 0412 772 882 helen.crossley@raywhite.com

*Approx

raywhitecommercialqld.com

FREESTANDING WAREHOUSE 1,743M2* ON 2,926M2* OF LAND 9-11 Nevilles St, Underwood, QLD

LEASE

$209,000 PA Net + GST + Outgoings • • • • • •

2 x Container height roller doors with all weather awning Concrete hardstand suitable for multiple 40ft containers B-Double access - 185 Amps of power Warehouse 7.5m internal height 21 On-site car parks - Zoned Mixed Use Modern corporate offices over 2 levels

Aldo Bevacqua 0412 784 977 aldo@rwcs.com.au

raywhitecommercialspringwood.com

TENANTED INVESTMENT - "MARTYN MANOR" 22 Martyn Street, Cairns, QLD

SALE • Land area 810sqm •Building area 750sqm* 9 onsite car parks • Authentic Queenslander conversion - first time to market • Ground floor consists of 2 commercial tenancies and 1 x 2 bedroom apartment • First floor consists of 2 commercial tenancies and 1 x 4 bedroom apartment • Well tenanted investment, ideal super fund addition • Situated on the city fringe only minutes to Cairns CBD

Helen Crossley 0412 772 882 helen.crossley@raywhite.com

*Approx

raywhitecommercialcairns.com

FREESTANDING TENANTED INVESTMENT 50-52 Neumann Road, Capalaba, QLD

EXPRESSIONS OF INTEREST Closing Thursday 16 December, 4pm • • • • • •

1,362m2* of NLA on 2,122m2* Low Impact zoned site Freestanding, tilt slab construction with attractive & modern design Configured into three (3) separate units (Unit 3 currently on market for lease) Current net income of $115,315.31 + outgoings & GST PA Unit 3 asking rental - $55,000 + outgoings & GST PA Potential net rental when fully leased - $170,315.31 + Outgoings & GST PA

Jonathon Burrowes 0421 383 668 jonathon.burrowes@raywhite.com

*Approx

raywhitecommercialbayside.com

AQUILA POINT - BEACHFRONT DEVELOPMENT 13.73HA Lot 1 Hydeaway Bay Drive, Cape Gloucester, Whitsundays, QLD

EXPRESSIONS OF INTEREST Closing December 2021

Owned by the same family for generations, this pristine ocean front block is a very rare opportunity located only a short drive to Airlie Beach, the gateway to the Great Barrier Reef. Facing Northeast overlooking the turquoise water of the Coral Sea with views to Gloucester Island. Imagine being able to walk to your own 800m of pristine beachfront & snorkeling on the fringing reef just metres away. This block comes with development approval for subdivision into 21 residential lots & the DA is current until Dec 2022.

Brett Dwyer 0447583759 brett.dwyer@raywhite.com

raywhitewhitsunday.com.au

PRIME 3.65HA DEVELOPMENT SITE ON THE M1 8 Elliot Drive, Stapylton, QLD

Outlines & Locations Indicative Only

EXPRESSIONS OF INTEREST closing Friday 10 December 2021 at 4pm • • • • • •

36,500sqm* of land Zoned High Impact Industry 24/7 operation - suitable for manufacturing and warehousing Regular shape with good site dimensions Site naturally slopes towards sewer easement Exceptional M1 access via Exits 38 and 41

Jackson Rameau 0438 451 112 j.rameau@rwsp.net Matthew Williams 0401 045 369

*Approx

raywhitecommercialgoldcoast.com

14 | PORTFOLIO | Ray White Commercial

FREEHOLD BUILDING WITH B4 MIXED USE ZONING Whole/491 - 493 Elizabeth Street, Surry Hills, NSW

SALE

View By Appointment Entire freehold building with Penthouse Apartment comprising a mezzanine office and commercial showroom on the ground floor, three levels of office space plus an entire floor private penthouse, this 1,195.50sqm* including garaging and terrace five-storey mixed-use B4-zoned freehold solid built brick and concrete building is to be sold for the first time ever. It presents a highly valuable opportunity just 500m from Central station.

Co Agent Jaime Upton | Sydney Sotheby's International Realty 0414 312 131

John Skufris 0414 969 221 j.skufris@rwcss.com Peter Kotzias 0419 440 450 p.kotzias@rwcss.com

*Approx

raywhitecommercialsouthsydney.com

GATEWAY TO THE EAST 86-94 Bayswater Road, Rushcutters Bay, NSW

SALE

View By Appointment A prominent gateway holding to the Eastern Suburbs, this exceptional B4 Mixed Use offering of 5 commercial terraces, across 4 titles, is situated on the corner of Bayswater Road, Waratah Avenue and adjoins the Eastern boundary of the Vibe Hotel.

Partially leased with an estimated holding income GAR $255,000 across both retail and residential units, this site also has DA approval for boutique conversions and an additional level.

Peter Kotzias 0419 440 450 p.kotzias@rwcss.com Co Agent Max Mancuso 0414 488 899 maxx@ascott.sydney

*Approx

raywhitecommercialsouthsydney.com

BEACHSIDE DEVELOPMENT SITE - SUBDIVISION OPPORTUNITY^ Lot 2, Dido Street, Kiama, NSW

AUCTION

Tuesday 14th December 2021 at 10:30am (AEDT) • Site Area - 3.658 hectares* • Potential subdivision for 69 lots^ • Elevated position provides partial ocean/regional views • Concept master plan available as part of the due diligence material^

• Predominantly zoned R2 (low density) with partial E2 component • 1.5KM* to Kiama Train Station • 1KM* to Kiama Centre Shops

Samuel Hadgelias 0403 254 675 shadgelias@raywhite.com Robert Moore 0402 047 414 robert.moore@raywhite.com

*Approx ^Subject to Council Approval

raywhitecommercialnsw.com

4 X PREMIUM CBD OFFICE SUITES IN-ONE-LINE Suites 901, 902, 904 & 905, 370 Pitt Street, Sydney, NSW

AUCTION

Tuesday, 7 December 2021 at auctionWORKS, 50 Margaret Street, Sydney • Total NLA of 572 sqm* (across 4, individual strata titles) • Low outgoings • Existing fully leased net income of $396,205 with fixed increases • Land zoning - B8 Metropolitan centre

• Versatile floor plates • 850m* to Central Station • 270m* to Museum station, 500m* to Town Hall Station

Samuel Hadgelias 0403 254 675 shadgelias@raywhite.com Marcus Plummer 0400 469 388 mplummer@raywhite.com

*Approx

raywhitecommercialnsw.com

BOUTIQUE RETAIL OPPORTUNITY Retail/11-17 Willandra Street, Lane Cove, NSW

SALE

Contact Agent Property Highlights: • 20sqm* Retail space + 40sqm* Outdoor seating area • 4sqm* Storage space • 1 Car space • Enroute for commuters reaching the Epping Road Bus stop walkway and a short walk from Mowbray Public School

Scott Stephens 0409 960 006 scott.stephens@raywhite.com Logan Grisaffe 0403 916 433 logan.grisaffe@raywhite.com

*Approx

raywhitecommercialnswsydneynorth.com

DA APPROVED CHILDCARE DEVELOPMENT SITE 724 Victoria Road, Ermington, NSW

Locations & Outline Indicative Only

AUCTION

Joseph Assaf 0401 397 696 jassaf@raywhite.com

Onsite Thursday 16 December 2021 at 1:30pm • Corner site area of 1,012m2* • DA Approved for 68 place childcare centre • Child ratio 21 x 0-2 years, 17 x 2-3 years & 30 x 3-6 years

• Architecturally designed over two (2) levels with single basement car parking • Ideal for the developer or investor • Opposite Melrose Park residences

Jai Sethi 0433 393 128 jai.sethi@raywhite.com

raywhitecommercialwesternsydney.com

FREEHOLD WAREHOUSE 3 Cowper Street, Granville, NSW

DISTRESSED SALE

65 Moxhams Road, Northmead, NSW

Locations & Boundary Indicative Only

AUCTION

Onsite, Wednesday 15 December 2021 at 3:30pm • • • • • • •

Exceptional Freestanding Warehouse Site area 386m2* Warehouse + office 387m2* High clearance from 6.9m* - 7.8m* Zoned B4 Mixed Use FSR 6:1 & Building Height of 52 metres Onsite car parking

Joseph Assaf 0401 397 696 Victor Sheu 0412 301 582

raywhitecommercialwesternsydney.com

AUCTION

Onsite, Thursday 16 December 2021 at 12pm • • • •

DA approved childcare site Corner site area of 804m2* Approved for 63 place childcare centre Child ratio 16 x 0-2 years, 20 x 2-3 years & 27 x 3-6 years • Architecturally designed over two (2) levels with single basement car parking

Joseph Assaf 0401 397 696 Jai Sethi 0433 393 128

raywhitecommercialwesternsydney.com

PRIME POSITION & FULLY LEASED BEACHSIDE INVESTMENT OPPORTUNITY 2/1a Bells Boulevard, Kingscliff, NSW

EXPRESSIONS OF INTEREST closing 4pm AEDT, Tuesday 14 December

Situated in one ofthe fastest growing precincts on the Eastern-coast, this newly renovated, high-profile investment opportunity is now available to purchase for the firsttime in 10 years.

• High-profile Corner Positioning in the Heart of Salt Village • Fully Tenanted, 812m2* site • Net Income: $255,200 p.a + GST

Bodey Reynoldson 0437 331 003 bodey.reynoldson@raywhite.com

raywhiterobina.com.au

PORTFOLIO | Ray White Commercial | 15

FANTASTIC OWNER OCCUPIER OR SMALL INVESTOR OPPORTUNITY 5/10 Kennedy Street, Kingston, ACT

AUCTION

On Site 11am, 16th December 2021 • Boutique location directly opposite Kingston shops offering fantastic staff and customer amenity • 120* sqm unit, 80* sqm ground floor and 40* sqm first floor (*approx) • North facing premises with front courtyard and first floor balcony • 2 car parks on title plus 2 additional reserved on site car parks. Ample public parking • Opportunity to create your perfect business premises

Mark Thompson 0438 624 042 mark.thompson@raywhite.com Chris Farmer 0417 133 071 chris.farmer@raywhite.com

raywhitecommercialcanberra.com.au

STAND ALONE INDUSTRIAL PROPERTY 64-66 Yass Road, Queanbeyan, ACT

EXPRESSIONS OF INTEREST EOI TBA • • • • •

1,717 sqm site over two blocks Approx 992 sqm building Suits investors and owner occupiers Being sold vacant possession Only 5 minutes to Canberra Airport

Frank Giorgi 0403 839 822 frank.giorgi@raywhite.com Thomas Pucci 0408 121 111 thomas@tpcommercial.com.au

raywhitecommercialcanberra.com.au

INVESTMENT - WHEY THIS UP 5807 Christchurch Akaroa Road, Duvauchelle, Akaroa, NZ

SALE Fully leased investment. Prominent corner site in beautiful Barrys Bay, near Akaroa.

Well-established business with long history dating back to 1895, has re-signed a new 6yr term + ROR's. Rental $83,500pa net. Iconic cheese factory of 1,084m2* includes associated processing, retail & staff facilities. Excellent profile next to SH75 (Christchurch Akaroa Rd) on strategic site of 2,851m2 overlooking Barrys Bay at the head of Akaroa Harbour. Zoned Industrial General, a rare find in this locality.

Paula Raine +64 27 221 4997 paula.raine@raywhite.com

*Approx

www.rwcchristchurch.co.nz

Licensed Salespeople (REAA 2008) - Ray White Commercial (Christchurch)

INDUSTRIAL WAREHOUSE/WORKSHOP ON ITS OWN TITLE 11 Green Lane, Hornby, Christchurch, NZ

SALE

Deadline Sale closing 4pm Wednesday 15th December 2021 (unless sold prior) Refurbished industrial warehouse/workshop in popular Hornby, just off Main South Rd, just over the Sockburn Overbridge. Warehouse area 188.3m2* + office/amenities/storage area 78.5m2*. Total building 266.8m2*. 70% NBS. Previously used for engineering so has 3 phase power. Low stud warehouse (3.2m* to 3.6m*) accessed from large security fenced yard. On a freehold title of 428m2* (not a unit title), therefore no Body Corp hassles or shared areas. Vacant possession.

Paula Raine +64 27 221 4997 paula.raine@raywhite.com

*Approx

www.rwcchristchurch.co.nz

Licensed Salespeople (REAA 2008) - Ray White Commercial (Christchurch)

OWNER OCCUPIER OPPORTUNITY 29a Dalziel Place, Woolston, Christchurch, NZ

SALE Modern post-quake warehouse with everything going for it, high stud tilt-slab construction, good natural light, sunny northerly aspect, container height roller door, large security fenced yard & will be on a freehold title. Warehouse 421m2*, office/amenities 96m2*. Total 517m2*. 6 car parks. Close to Port of Lyttelton & the Ring Road for quick access to & around the city. Land area approx. 860m2-960m2 (subject to final plan) to be subdivided with title due early 2022.

Paula Raine +64 27 221 4997 paula.raine@raywhite.com

*Approx

www.rwcchristchurch.co.nz

Licensed Salespeople (REAA 2008) - Ray White Commercial (Christchurch)

PORTFOLIO | Ray White Commercial | 17

DRIVEN CORNER INVESTMENT ON NATIONAL A1 HIGHWAY 124-138 York Street, Sale, VIC

SALE

EOI closing 9th December 2021 at 4pm unless sold prior • Land area | 6,229m2* • Building area | 1,450m2* • High profile Hyundai, LDV, Ford and Renault showroom • Service centre and hardstand area • Favourable zoning | Mixed use

• • • •

Return | $240,000 pa net Lease 5 years (renewed 1/10/21) Annual 3% increases Security deposit and personal guarantees under the lease • Stamp Duty concession of 50% available

Brett Diston 0439 365 532 brett.diston@raywhite.com

*Approx

raywhitecommercialdistonassetservices.com

OWNER OCCUPIER OPPORTUNITY WITH INVESTOR UPSIDE 2/12 Martha Street, Seaford, VIC

AUCTION

Monday December 20, 2:30 pm • • • •

Total Building Area: 274 sqm* Three (3) Phase Power 3.8m Clearance Roller Door Close to Major Arterials

• • • •

Two (2) Parking Spaces Male and Female amenities Prominent Street Front Position Industrial 1 Zone (IN1Z)

Mitch Rosam 0402 355 805 mitch.rosam@raywhite.com Paul Waterhouse 0417 660 153 paul.waterhouse@raywhite.com

*Approx

raywhitecommercialferntreegully.com

16 | PORTFOLIO | Ray White Commercial

BUY YOUR OWN PARISIAN END OF SUBIACO 358A Rokeby Road, Subiaco, WA

Outline indicative only

SALE

$1,329,000 + GST (if applicable) • • • • •

Ground floor strata office of 281sqm* Opposite Boucla, Juanita’s & Chez Jean-Claude Patisserie Modern building, small strata group Fully partitioned with high quality fitout 2 Secure parking bays

Stephen Harrison 0421 622 777 stephen.harrison@raywhite.com Brett Wilkins 0478 611 168 brett.wilkins@raywhite.com

raywhitecommercialwa.com

RAY WHITE COMMERCIAL KNOW PROPERTY MANAGEMENT Over 9,700 tenancies managed across Australia and New Zealand.

Utilising the most up to date technology to ensure your investment is always performing at its optimal level.

Over 120 property management specialists, supported by over 350 industry-leading commercial agents in over 50 locations across Australasia.

WE MANAGE

Offices

Industrial/ Warehouses

Showrooms/ Bulky Goods

Medical Precincts

Childcare Centres

Service Stations

Pubs

Retail

Recreational Facilities

Food and Beverage

$

Shopping Centres

Motor Dearlerships

INTRODUCING

RAY WHITE VALUATIONS With over 200 years of combined valuation knowledge and experience backed by Ray White’s national and international presence, we are trusted for our consistent and accurate reporting and are often sought out for our unrivalled research and property advice by homeowners, investors, developers, estate agents and lenders alike.

OUR VALUATION SERVICES Valuations for Commercial Real Estate including Office, Retail, Industrial and Shopping Centres; Valuations for Going Concern including Hotels and Resorts, Pubs, Golf Courses, Childcare Centres, Boarding Houses and Student Accommodation; Valuations for Residential Real Estate including Residential Developments, Prestige Residential Properties, Residential Subdivisions and Unit Entitlement Valuations; Valuations for Corporate and Government Portfolios; and Expert Legal Witness

WE REGULARLY COMPLETE VALUATIONS FOR: Major banks and other lending institutions, developers and investors, property trusts, government bodies, liquidators and administrators, lawyers, accountants and brokers.

Providing valuations in a range of scenarios including: Mortgage security, rental assessment, unit entitlement, sale and purchase advice, rate objections and statutory value, restructuring ownership splits, cash flow modelling.

Get in touch

ROBERT WILSON

Managing Director / Partner Ray White Valuations NSW 0424 135 642 robert_wilson@raywhite.com

ADAM ELLIS

Partner Hotels & Leisure 0411 752 293 adam.ellis@raywhite.com

PETER WILTSHIRE

Partner Residential Development 0414 780 448 peter.wiltshire@raywhite.com

RAYWHITECOMMERCIALNSW.COM/VALUATIONS

JARROD PILTZ

Partner Retail, Industrial & Office 0400 204 640 jarrod.piltz@raywhite.com

ATLAS URBAN ECONOMICS IS A NEW GENERATION URBAN AND REGIONAL ECONOMICS PRACTICE. Our services include economic analysis, financial analysis and property valuation, help with development planning, strategic planning and infrastructure planning.

The sectors we cover: agriculture, aviation, business uses, culture and community, economic development, education, health, housing, infrastructure, innovation, mixed use, public policy, regional economy, urban renewal.

We help developers, investors, planning authorities and policy makers with advice related to land use, property and infrastructure.

Visit us here atlasurbaneconomics.com for more information.

Or get in touch info@atlasurbaneconomics.com

ATLASURBANECONOMICS.COM