P O R T F O L I O FEBRUARY 2022
THE YEAR OF THE COMMERCIAL INVESTOR What is the outlook for commercial property in 2022?
Historic pub with country charm
Get to know Stacie Stockham, Director at Ray White Commercial Townsville
ANDREW FREEMAN Head of Agency Operations
With January already under our belt, 2022 is shaping up to be another successful year, as buyer demand for commercial assets remains strong. The success of this year’s auction events so far supports our optimistic outlook for 2022. Ray White Surfers Paradise Group saw enormous success at The Event in January, with an 88 per cent clearance rate across the 17 commercial and industrial properties up for auction, with most properties selling well above the reserve. The Ray White Commercial Gold Coast team took out the top sale of The Event, with Fenwick Farm horse training and rehab facility selling under the hammer for $5.95 million, with a total of $23.451 million in commercial properties sold on the day. With a total of 95 bidders registered to bid at the commercial auctions, The Event kicked off this year’s auction season with a bang, proving buyer activity remains steady in 2022. As the entire country continues to battle the Omicron outbreak and the resulting staff shortages, we want to thank all our clients for choosing to list with Ray White Commercial, and for your patience during this time. Our staff continue to work hard, striving to achieve the best results possible for both seller and buyer. I look forward to what the rest of 2022 has in store, as Ray White Commercial continues to grow, kick goals, and achieve the best results for our clients.
QUICK JUMP TO A REGION QLD
NSW
WA
NZ PORTFOLIO | Ray White Commercial | 3
2021: THE YEAR OF THE NEW COMMERCIAL INVESTOR SUB $50M I L L I O N C O MMERC I A L S A LES Total National Volume 2021
$39.45billion
83.92% on 2020 results Number of Sales 2021
20,421
$89M $2.9B WA
133.33% on 2020 results Average Sale Price 2021
NT
$8.9B QLD
$2.3B SA
$14B NSW
$10B VIC
$1.93million
$406M ACT
$485M TAS
21.18% on 2020 results
2021 has been a standout year for commercial property investment, notably in the sub $50million price range. Total turnover levels have eclipsed 2020 results by 83.92% reaching close to $40billion in sales transactions across this lower price range. Over the past two years we have seen a greater availability of finance with low interest rates fueling new interest in commercial assets by first time buyers, notably in the sub $5million price range. This has resulted in a rapid increase in sales activity in late 2020 and into 2021 as investors look to diversify their portfolio given the volatile share market and strong increases in residential values driving investment yields down. 4 | PORTFOLIO | Ray White Commercial
VANESSA RADER Head of Research
Investment into commercial property has been widespread with most asset types and locations seeing significant uplift. NSW remains the most active state for investment recording over $14 billion, while Victoria, Queensland, WA, SA and Tasmania have all near or exceeded doubling their 2020 sales volumes as buyers look further afield for quality offerings. Population gains and stringent border controls in Queensland and WA putting the spotlight on these markets, while strong economic results in WA fueling a resurgence across commercial markets. We have witnessed many new commercial investors not afraid to venture interstate to secure leased investments across all price points.
AUS T RAL I A N C OMMERC I A L I N V E S TM E N T (S UB $ 5 0 MI L LI ON)
(millions)
BY M O N T H (2020 V 2021)
Source: Ray White Commercial, PIMS, RCA
When considering turnover levels over the past two years, we witnessed an immediate slowdown in commercial sales activity upon the onset of COVID-19. Volumes fell the second half of March 2020 and continued at a significantly slowed pace given lockdowns, restrictions and overall uncertainty in the economy. During this time, we saw many owners adopt a “wait and see” approach which saw listing numbers drop however enquiry was starting to heat up. In the last quarter of 2020, we saw a greater volume of listings come to market as owners looked to capitalize on the growing demand in the marketplace and new lows in yields which were being achieved. This trend continued into 2021 with sales growing month on month through to July with new buyers emerging; many first-time commercial investors looked to the security of a long leased commercial asset despite the speculation regarding the longevity of some asset types such as office and retail. With FOMO firmly in place we saw strong auction clearance rates and the average sale price move up during parts of 2021 while investment yields hit new lows. Many of these buyers were looking for leased investments regardless of geographic location or even asset type with some markets seeing a convergence of yields to a similar low across all commercial property. Not to be discounted, the sub $1.5 million price range continued to perform well as owner occupier businesses looked to shelter from possible future rent hikes while small businesses borne from COVID-19 outgrew home operations needing small office and warehousing space growing turnover rapidly at this price point. This being the driving force behind the reduced average sale price in 2021 and the robust growth in sales numbers up 133.33% on 2020 results. PORTFOLIO | Ray White Commercial | 5
AUS T RAL I A N C OMMERC I A L I N V E S TM E N T (S UB $ 5 0 MI L LI ON) BY A S S E T C LAS S (2020 V 2021)
Source: Ray White Commercial, PIMS, RCA
Despite many buyers not discriminating against asset types, industrial remain the most active asset class over the past couple of years with many identifying it as the safest commercial property type emerging from COVID-19 given the growth in logistics and warehousing sectors. The wide range in asset values making this an attractive and affordable first-time purchase for owner occupiers or investors while the retail and office sectors which many tipped by many as likely to encounter difficulties due to growing vacancies have also grown their activity in 2021. The medical sector is one to watch with buyers actively pursuing these assets with their attractive income streams, similarly child care continues to be highly sought after given the long term, secure leases in place. The “set and forget” service station asset remains an investor favourite with new lows achieved in yields and volumes exceeding last years results, limited stock availability keeping total turnover levels down, while blocks of units remains attractive to investors looking to capitalize on continued future residential gains while enjoying an income stream. Despite the lockdowns and restrictions on trade over the past two years, this has not dampened demand for the pub sector with activity in both metropolitan and regional locations seeing uplift this year. Looking ahead, with the weight of money available in the marketplace and low interest rates we expect to see continued growth in commercial investors entering the market. Strong gains in residential encouraging investors to look outside the box and consider these assets which are on offer across all price ranges making it an affordable option for many. Security of income however is paramount and with uncertainties still in our economy, restrictions on trade and travel ensuring the risks in investment remain. Cross border purchases will continue as investors seek out quality offerings with asset classes which offer long term, locked in income streams.
6 | PORTFOLIO | Ray White Commercial
GET TO KNOW RAY WHITE COMMERCIAL TOWNSVILLE DIRECTOR STACIE STOCKHAM From property and business management to sales and leasing, powerhouse Stacie Stockham has done it all, becoming director at Ray White Commercial Townsville in 2021. Ms Stockham started her career in real estate 18 years ago, working at another agency under one of Townsville’s only female principals at the time. “Ultimately this was the building blocks for the foundation of my career where I was involved in all facets of both residential and commercial property management, sales and leasing,” Ms Stockham said. “In 2010 I was appointed business manager of the company, whilst looking after the commercial portfolio including sales and leasing.” In 2018, Ms Stockham joined the team at Ray White Commercial Townsville as a commercial asset manager and executive assistant. “Whilst initially I didn’t have a portfolio to manage, within the first 12 months I signed up over 150 doors to add to my portfolio,” Ms Stockham said. “I also worked on implementing new marketing and management submissions, along with setting up new systems and procedures to capture critical contact information for the sales and leasing team to take full advantage of the Ray White One System and ActivePipe, which is one of the most powerful selling tools in our office.” With her family running its own business, Ms Stockham said she had always had an interest in the business operations side of things, and took up the role of director at Ray White Commercial Townsville in January 2021. She said she jumped at the chance to work in partnership with principal Graeme Russel, managing director Adrian Pascoe, and director Troy Townsend.
“Becoming a director of the firm was such a huge step in my career, and I have found it has gained me greater respect within the industry. “I love being in a position where I can build on the existing relationships within the firm, and continue to grow the business. “I feel there’s no greater satisfaction than a client ringing you for advice on a deal they have been presented because you have built up a great rapport and trust over years of service.” While commercial real estate is mostly a male dominated industry, Ms Stockham said she has worked hard to make her mark. “Whilst I’m not immune to gender stereotyping, I’ve found that knowledge is power,” she said. “In my experience, reputation and respect within the industry are ultimately built by doing what you say you’re going to do and doing it exceptionally well. “If you speak with confidence and draw on your knowledge of the industry you can overcome any objection.” Ms Stockham encouraged more women to get involved in an industry she described as “compelling”. “Do it! Commercial real estate is really such a rewarding industry,” she said. “There are so many areas in which you can specialise, it really is a long-term career.” When she’s not in the office helping to run the business, Ms Stockham likes to head out into the great outdoors. “I love to get away on a fishing or camping trip to see remote parts of Australia that involve an adventure and getting there!”
“I’ve been given the opportunity to learn from some of the best in our industry, which is of great value to me,” Ms Stockham said. PORTFOLIO | Ray White Commercial | 7
WHAT’S THE OUTLOOK IN 2022 FOR COMMERCIAL PROPERTY? This year we’ve witnessed unprecedented levels of investment activity across the commercial property market buoyed by a combination of low interest rates, weight of money in the marketplace and the appetite for private investors (many of which first-time buyers) seeking to diversify their investment portfolio. Given these robust results in sales turnover, investment yields have fallen to historic lows for many asset classes while vacant assets continue to transact and set new benchmarks in capital and land values. This flurry of investment activity has been countrywide with buyers focused on asset type rather than the adage of location, location, location. While for many this has been a successful formula but as we move into 2022 will this trend continue? We’ve seen interest rates movements by many of the large banks, independent of the RBA. While these are tipped to move upwards next year, is the money available in the marketplace looking for a home enough to keep investment demand at this high rate? The expectation is that sales volumes will moderate in 2022, not only due to the increased cost to funding but the underlying availability of quality stock coming to market. Many owners continue to ask the question, “if I sell, what do I do with the money?” and with bond rates still low many potential sellers will continue to hold assets. It’s hard to predict the future for commercial property given the underlying shift which has occurred due to COVID-19 and the various lockdowns. The way in which we interact in commercial real estate has changed. From your local shop, working from home impacting our relationship with office space, to the continued increase in online shopping making demand for warehousing greater than ever before. Similarly, the population movements either interstate or regionally have changed the demand fundamentals in locations, however this may be a short term shift or a longer term repositioning for some locations.
8 | PORTFOLIO | Ray White Commercial
Despite the unknowns, demand for commercial assets by occupiers will remain, which suggests that investment into commercial property will continue to be lucrative for investors not afraid to move up the risk curve. Into 2022 there are a few markets that are worth keeping an eye on and may continue to yield good results.
INDUSTRIAL REMAINS A HOT SECTOR
The demand for industrial stock by occupiers is not anticipated to wane over the next few years. This will result in continued high occupancy levels which will pressure rents up and keep yields competitive. In some markets the vacant land shortage will keep resulting in land values appreciating while the growing costs of construction will be passed on, either by way of increased rents or capital values. Metropolitan markets with good population growth fundamentals as well as major road locations with good access will continue to be in greatest demand.
GROWING POPULARITY OF “SET AND FORGET ASSETS”
While assets like service stations and childcare centres have been popular for the last five to eight years, 2021 saw a dramatic increase in demand given their long-term returns on offer. Regarded as “set and forget” assets, these also include fast food and stand alone supermarkets and are often secured by a national brand with long leases with options. With tenants taking on all outgoings, this is considered a secure and low risk option which provides a consistent, long-term income stream. This year we saw many assets hotly contested via auction and achieve new lows in yield, the demand for these will continue into 2022. However, greater consideration on fundamentals such as location will be key to ensure you have a saleable asset upon the end of the lease term. Early identification of your exit strategy will be important for these assets to ensure you maximise your gains.
A FOCUS ON HEALTH IS GOOD NEWS FOR MEDICAL PROPERTY
The medical sector has quietly grown over the past five years. The increased demand for sports and
cosmetic medicine has seen more floor space taken up with medical use; we have seen adaptive reuse of retail assets breathing new life into local strips also. Purpose built facilities such as medical centres and day hospitals have attracted new levels of investment demand, and with COVID-19 shining a new spotlight on healthcare, tenanted investments will continue to be highly sought after. For many investors these assets have a somewhat future proof occupier which have high standards in regard to hygiene and safety giving buyers certainty of not only income but upkeep and maintenance.
QUEENSLAND CONFIDENCE TO CONTINUE TO SOAR
While this may be a broad prediction, you cannot discount the strong levels of interstate migration which Queensland have been enjoying over the past 18 months. While Sydney and Melbourne continue to lose residents to the warm climate and COVID-19 strict state, the growth in new business starts has been robust. A growing population fuels the need for all commercial property from retail, office space, childcare, medical etc. making it a key area to consider investing in. While Western Australia has also seen good levels of population migration, the volatility associated with the mining sector must be considered. This year we have recorded strong gains for the Perth industrial, retail and residential sectors which should not be dismissed.
INTEREST IN CONVENIENCE BASED RETAILING TO CONTINUE
This segment of the market has also been growing over the past five years. Open air, small retail centres which offer the convenience of a supermarket and speciality stores have grown in popularity with investors as trade levels increase. The ability to park and access retailers with limited touch surfaces was appreciated during COVID-19 and supporting local businesses is important in many communities. These assets have seen yield compression, however often need to be repositioned to keep occupancy levels up given the difficulty some local retail markets have had. These assets often sit on large land parcels on major roadways which have attracted development interest further enhancing their value.
PORTFOLIO | Ray White Commercial | 9
HISTORIC PUB WITH COUNTRY CHARM UP FOR SALE FOR FIRST TIME IN 35 YEARS
A country pub just 20 minutes from Brisbane, Goodna’s historic Royal Mail Hotel is up for sale. Built by the Drysdale family prior to 1859, the pub, located at 92 Brisbane Terrace, oozes history and was part of the original Cobb and Co route for coaches travelling back and forth to Brisbane. Some of the trees lining the street were planted in the 1930s during the Great Depression, with the Jacarandas attracting tourists during their bloom. After owning and operating The Royal Mail Hotel for the past 35 years, and creating a much loved live music scene, seller Andrew Cafe has decided to move onto the next chapter of his life.
10 | PORTFOLIO | Ray White Commercial
“My favourite part about owning the pub was establishing a good reputation as a venue featuring quality entertainment, as well as keeping and maintaining the historic character of the hotel,” Mr Cafe said. “We are like a country hotel but only 20 minutes from Brisbane. “The hotel would suit a buyer who has the vision to expand on our large outdoor area and the good solid bones of this historic hotel, with the opportunity to expand further into the future.”
The 2991sqm property comprises a multi-faceted hospitality venue including fully equipped public bar, small gaming room with 12 machines, large commercial kitchen, beer garden, plus seven upstairs bedrooms which are currently used for short term accommodation.
foundations for continued strong population and employment growth in the area.
Ray White Commercial Gold Coast listing agent Scott Wells said The Royal Mail Hotel provided buyers with many opportunities, including snapping up a piece of history in an area subject to development growth,
“Ipswich will also be among the top two regions in southeast Queensland leading jobs growth over the next five years.”
“The property represents a rare opportunity to purchase a 2,991m² land parcel in Goodna. “There is a great opportunity to continue to grow the current business and even expand the current footprint. There’s also future development potential (STCA). “The subject property presents a unique opportunity to capitalise on the truly staggering level of development and infrastructure spending, laying solid
11 | PORTFOLIO | Ray White Commercial
“The western sub-region of SEQ is forecast to be one of the state’s fastest growing regions with the population predicted to double over the next 20 years.
Mr Wells said the property would attract a wide range of interest from local and interstate individuals and investors, small operators and large hospitality groups looking to expand their portfolios into the growing SEQ region. “Pubs with this much character do not come up too often, so it’s a great opportunity to buy a piece of Queensland history,” he said. The Royal Mail Hotel is up for sale via expression of interest, closing February 10 at 4pm.
PORTFOLIO | Ray White Commercial | 11
RAY WHITE COMMERCIAL EXPANDS ITS TEAM WITH NEW BUSINESS DEVELOPMENT EXECUTIVE Ray White Commercial’s corporate team is growing in 2022 with new Business Development Executive James Linacre. With more offices opening and more agents joining the Ray White Commercial family, Mr Linacre will be using his depth of knowledge and experience to provide support and structure to the teams, and help drive performance.
“I’ll also be looking at helping those businesses up skill their current staff and expand the network. “I want to help the group take advantage of all the opportunities in the commercial space in 2022.” Ray White Commercial Head of Agency Operations Andrew Freeman said Mr Linacre was the perfect fit for the role.
Starting his first job in real estate in 2012 as a property manager assistant, Mr Linacre grew his career to work in sales and investment for large commercial teams, as well as working for NSW Government buying land for NSW Fire and Rescue infrastructure projects.
“It’s an exciting time because James is our first Business Development Executive within the commercial team,” Mr Freeman said.
After working as a director with a commercial real estate company in Sydney, Mr Linacre jumped at the chance to join the Ray White Commercial team in the role of Business Development Executive.
“James is also a licensed auctioneer which compliments our belief in being competition creators and providing the best results for our clients.”
“When the opportunity came up with Ray White Commercial, it was a great network and platform for me to build a strong commercial property career in strategy and performance, which is what I wanted to do,” Mr Linacre said. “I’m going to be working across the Australia and New Zealand commercial offices focusing on helping expand those office teams in terms of recruitment and growing the agents we already have.
12 | PORTFOLIO | Ray White Commercial
“We’re looking forward to James supporting our teams in acquisition of skills and growth in talent.
When he’s not working with the Ray White Commercial teams, Mr Linacre enjoys spending his time around the water. “I love anything around the water, sailing and fishing,” he said. “I’ve grown up around the water and on boats and that’s how i love to spend my spare time.”
HUGE FORMER PINDAN OFFICE BUILDING UP FOR SALE A rare opportunity to secure a 10,954sqm property in the heart of Belmont has arisen with the sale of 191 Great Eastern Highway. The property comprises 3316sqm of office space over five storeys, two warehouses, and 215 parking spaces. Being sold as vacant possession, the property was previously fully occupied by Pindan. The property is being marketed by Ray White Commercial WA agents Brett Wilkins and Chris Matthews.
“The property is a rare opportunity for an owner occupier or investor looking to expand or create their corporate headquarters within a growing highway strip location,” Mr Wilkins said. “Strategically located within the prime inner urban commercial precinct of Belmont, 191 Great Eastern Highway is just 2km northeast of the intersection of Great Eastern Highway and the Graham Farmer Freeway. “The property benefits from excellent exposure, river and city views and excellent accessibility to both northern and southern corridors of Perth.”
PORTFOLIO | Ray White Commercial | 13
As well as the large, quality, office space, the property also has development potential. “The ground floor office area comprises a reception area with lift lobby, partitioned and open plan offices and storerooms with the rear of the ground floor including additional office areas and kitchen facilities,” Mr Matthews said. “The upper levels of the office consist of a regular and flexible fit out with a combination of open plan workstations, lab, utilities area, various meeting rooms, office, bathrooms and kitchens.” “To the rear of the site there is some 4,500sqm of development land which provides for significant hardstand and car parking.” “The rear land abuts Barker Street at its eastern extent and facilitates a future development of the site.” The property is being sold via expressions of interest closing March 2, at 5pm.
14 | PORTFOLIO | Ray White Commercial
PORTFOLIO | Ray White Commercial | 15
COMMERCIAL DEVELOPMENT OPPORTUNITY - CORNER SITE AT ENTRY TO TOWN CENTRE 6 Bruce Parade, Glass House Mountains QLD
Outlines indicative only
EXPRESSIONS OF INTEREST Closing Thurs 24 Feb, 4pm • • • • • •
2,373m2 land area across two Titles Three street frontages Less than 200m* to Train Station Less than 10 mins* to Bruce Highway Adjacent to Tavern Zoned Local Centre
• Priority Infrastructure Area • No surrounding vacancies • Opposite IGA, Post Office, Health Care tenancies and Tourist Information Centre
Chris Massie 0412 490 840 chris.massie@raywhite.com Aaron Canavan 0447 744 948 aaron.canavan@raywhite.com
*Approx
raywhitecommercialnortherncorridorgroup.com.au
PROMINENT DEVELOPMENT SITE 207-213A Ruthven Street, North Toowoomba QLD
Outline and Locations Indicative Only
EXPRESSIONS OF INTEREST Closing 24 February 2022, 4pm (AEST) • • • • •
3,238m2* development site with 72m* Ruthven Street frontage and rear access Site over eight existing Lots (to be sold in-one-line) Wide variety of potential development options, substantial holding income 1.4km* from Toowoomba CBD, 29,000+* passing daily traffic Close proximity to surrounding amenities including The Royal Hotel, Bunnings, and Northpoint Shopping Centre
David Atkinson 0491 700 963 david.atkinson@raywhite.com Michael McCullagh 0403 426 474 mmccullagh@raywhite.com
*Approx
raywhitecommercialqld.com
104SQM* MEDICAL LEASED INVESTMENT 12/956 Gympie Road, Chermside QLD
AUCTION
Thurs 17th Feb 2022 11am • Annual rent of $97,200 + GST + Outgoings • National tenant ICON has occupied the medical suite since 2013 • Icon Cancer Centre are Australia’s largest dedicated cancer care provider with 30 locations in Australia • Cura Group - Chermside Day Hospital onsite
Franz Stapelberg 0430 655 676 franz.stapelberg@raywhite.com Michael Feltoe 0447 714 899 michael.feltoe@raywhite.com
*Approx
raywhitecommercialtradecoast.com
88 LOTS APPROVED-DA & OPW BRISBANE-GOLD COAST 242 Wuraga Road, Holmview Qld
Outline and Locations Indicative Only
EXPRESSIONS OF INTEREST Closing Wed 9 Mar 2022 4pm
• Land Area 5.627* Hectares • Located in rapidly growing Brisbane to Gold Coast corridor • DA & OPW for 88 residential lots ranging in size from 304m2* to 584m2* (Avg.
Mark Creevey 0408 992 222 mark.creevey@raywhite.com
400m2*) over 2 Stages (Stage 1 - 56 lots & Stage 2 - 32 lots) • 35* mins south of the Brisbane CBD, 8* mins to Beenleigh Town Centre and 45* mins to Surfers Paradise
Tony Williams 0411 822 544 tony.williams@raywhite.com
*Approx
raywhitespecialprojects.com
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FULLY LEASED COMMERCIAL ARCADE 399-405 The Entrance Road, Long Jetty NSW
EXPRESSIONS OF INTEREST EOI Closing 2 March 2022 at 3pm (AEDT) • Current, fully leased income of $132,000* • Site area of 975sqm* • Total internal area of 342sqm* • 5 separate tenancies, 8 individual shops • Flexible B2 zoning (Local Centre)
• Height Limit - 16m • Low outgoings • FSR 1.5 : 1
Samuel Hadgelias 0403 254 675 shadgelias@raywhite.com Peter Moran 0409 102 320 peter.moran@raywhite.com
*Approx
raywhitecommercialnsw.com
CHILDCARE CENTRE | FULLY LEASED 38-40 Lumsdaine Street, Picton NSW
Artists Impression
EXPRESSIONS OF INTEREST
Closing on Wednesday 1st March 2022 at 3pm (AEDT) • • • • •
DA approved for 71 places Net income of $248,500 p.a. (plus GST) New 10 year lease (2x 10 year options) Established operator Single level building with on grade parking
• Located opposite the Picton Public School • Currently under construction • 950m* to Picton Railway Station • High population growth projected
Samuel Hadgelias 0403 254 675 shadgelias@raywhite.com Victor Sheu 0412 301 582 victor.sheu@raywhite.com
*Approx
raywhitecommercialnsw.com
SPLIT LEVEL OFFICE IN TRENDY URBAN PRECINCT Suite 14/9 Danks Street, Waterloo NSW
AUCTION
1.00pm Thur 17 Feb 2022 In the heart of Danks Street's cafe and design hub, this boutique ground floor office in a striking residential building offers a contemporary split level design. • 96sqm* office in a ground floor arcade with lush common areas • Kitchenette, air-conditioning, shared amenities, lift access • 1 x car parking space with secure swipe access • Currently tenanted until November 2024
Alex Santelli 0403 104 146 a.santelli@rwcss.com
raywhitecommercialsouthsydney.com
LOWER NORTH SHORE FREEHOLD + VALUE ADD POTENTIAL 59 Gladesville Rd, Hunters Hill NSW
AUCTION
Thursday 3rd March • • • • • •
Located in the heart of Hunters Hill, close to local amenities Currently Ground Floor shop + 3 bedroom residence Potential to add value, reposition + / or develop Versatile B4 Mixed Use Zoning Estimated fully leased income approx $110,000pa Rear lane access + onsite parking for several cars
Zorick Toltsan 0411 227 784 ztoltsan@raywhite.com
rwcdb.com
PORTFOLIO | Ray White Commercial | 17
CORPORATE HEADQUARTERS + DEVELOPMENT OPPORTUNITY 191 Great Eastern Highway, Belmont WA
EXPRESSIONS OF INTEREST Closing Wed, 2 Mar at 5pm (AWST) • • • • •
Offered as vacant possession Total site area 10,954sqm Office Building 3,316sqm* / Warehouses 626sqm* 215 car bays, 2 disabled bays, 3 motorbike bays 0.0 Star NABERS Energy rating
Chris Matthews 0413 359 315 chris.matthews@raywhite.com Brett Wilkins 0478 611 168 brett.wilkins@raywhite.com
*Approx
raywhitecommercialwa.com
MODERN WHOLE FLOOR OFFICE AVAILABLE IN TRENDY WEST LEEDERVILLE Level 1/3 Rosslyn Street, West Leederville WA
Outline indicative only
SALE/LEASE
Generous Terms Available • • • • • •
Opposite West Leederville Train Station Ultra-trendy cafe/small bar precinct 519sqm* full floor partitioned offices 12-14 secure gated car bays included Priced for prompt sale Ideal SMSF investment
Michael Milne 0403 466 603 michael.milne@raywhite.com
raywhitecommercialwa.com
OWNER OCCUPIER OR INVESTOR 9b Shivas Place, Bromley, Christchurch, Canterbury
SALE
Deadline Sale closing 4pm Wednesday 16th February 2022 at Ray White Commercial Christchurch (unless sold prior) Modern well presented warehouse/workshop unit within a complex of 4 units. Warehouse 208m2*, office 23m2* & solid concrete floored mezzanine 23m2*. Total 254m2*. Situated in the newer part of Bromley with a warm sunny northerly aspect. Handy location being close to the Ring Road & main arterial routes providing easy access to Lyttelton Port, CBD & beyond. Advantaged by container height roller door, high stud concrete tilt slab construction, 3 phase power, 85% NBS & 4 car parks.
Paula Raine +64 27 221 4997 paula.raine@raywhite.com
*Approx
www.rwcchristchurch.co.nz
Licensed Salespeople (REAA 2008) - Ray White Commercial (Christchurch)
HIGH PROFILE CORNER SHOWROOM/WAREHOUSE 438 Tuam Street, Phillipstown, Christchurch, Canterbury
SALE
Deadline Sale closing 4pm Wednesday 2nd March 2022 at Ray White Commercial Christchurch Level 2, 76 Hereford Street, High profile showroom/warehouse building situated outside the 4 Aves. An excellent location to service the city from. Tidy, sunny, east & north facing building consisting of showroom 217m2*, warehouse 60m2* & office 38m2*. Total building area of 315m2*. Strengthened to 67% NBS. On its own freehold title so no Body Corporate hassles here. Land area 321m2. Ideal for an owner occupier or an investor to add to your portfolio & lease out.
Paula Raine +64 27 221 4997 paula.raine@raywhite.com
*Approx
www.rwcchristchurch.co.nz
Licensed Salespeople (REAA 2008) - Ray White Commercial (Christchurch)
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