P O R T F O L I O MAY 2022
WHAT WILL $2M BUY A COMMERCIAL INVESTOR? The growth of small office assets
Diversity drives Melbourne agent’s passion
Is this Perth’s most expensive playground?
ANDREW FREEMAN Head of Agency Operations
April was another positive month for Ray White Commercial with investor interest remaining strong across all assets. The announcement of this year’s Federal election on Saturday 21 May has not shaken the strength of the commercial market across the country. While in the past we have seen some uncertainty in the market around election time, 2022 is proving to be an outlier as downward pressure on yields continues across all asset classes. The media was full of images of packed airports and eager travellers over the Easter long weekend, which highlighted the fact that both our interstate and international borders are now open and people are ready to travel, both for business and play. Investor activity from interstate and overseas buyers has been just as active, with international investment into Australian real estate assets doubling. Industrial assets remain in high demand from both investors and owner occupiers across each state, with Ray White Commercial Broadbeach agent Thomas Clark selling 53 Lawrence Drive, Nerang, for $4.5 million, representing a huge $1.1 million over reserve. Ray White Commercial WA agents Martin Vogt and Chris Matthews sold a two-storey Kewdale industrial facility for $5.1 million to a local investor. The commercial real estate market has remained strong in 2022, with Ray White Commercial agents working hard to provide the best results for their clients across all asset classes. We want to thank our clients for continually putting their trust in Ray White Commercial, and our agents and business owners for continually proving why we are the best commercial agency in the country.
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NZ PORTFOLIO | Ray White Commercial | 3
W H AT D O E S A $ 2 M I L L I O N C O M M E R C I A L INVESTMENT LOOK LIKE? Over the past 18 months we’ve seen a substantial uptick in private investors and owner-occupiers converge on commercial markets looking to diversify their investment portfolio. Low interest rates, availability of funds due to emerging new lenders and sky-rocketing residential prices are all prompting savvy investors to pivot towards commercial assets. While some markets have been impacted by COVID-19, such as office space and retail, this hasn’t dampened demand to buy, with many seeing the pandemic as a small blip in the investment cycle. Assets like industrial property have been hotly contested given its strong performance, while other assets like childcare, fast food, medical, and service stations remain fan favourites. With this increase in demand for these assets, many investors are quickly being priced out of the market, with new lows in investment yields keeping capital values elevated. However $2 million can still buy you a quality commercial asset across the country. Here are a few examples of where to look at next. Sydney CBD Strata Office - This asset has had a long history of stagnation, but over the last five years there’s been strong capital value growth which hasn’t wavered during COVID-19. Despite vacancy levels being elevated across the broader Sydney CBD office market, we’ve seen good demand at the higher end of the market by both offshore and domestic investor groups, funds, and trusts that highlight the long-term strength of these assets. Across strata, both investors and owner occupiers have been eagerly competing for the limited assets available. Current average capital values stand at a little more than $14,000/sqm, and the average sale price is just over $2.1million. A 150sqm office suite in Australia’s premier office market is affordable within a $2 million price range. Perth Industrial - Industrial assets have been the standout performer during COVID-19 with significantly increased demand for logistics and warehouse space, while small business growth has also resulted in industrial vacancy levels being low across all states. Over the past few years we’ve seen Perth industrial assets grow in popularity with local buyers. However, more recently, the strength in the state’s economy has resulted in interstate buyers converging on the various Perth commercial markets. Perth (and most other states) continues to offer quality industrial assets at a range of prices, from smaller industrial warehouse units in the $500,000 and under price range, up to multimillion dollar distribution facilities. The quality and location of assets vary considerably, however, there’s a lot of opportunity up to $2 million. From smaller, new industrial unit developments on the more affordable end, to modern freehold investments on the higher end, there’s also been a high level of older-style freehold assets transact which shows good affordability mid-range. Medical/Healthcare Assets - Over the past five years, medical facilities/allied health service assets have grown in popularity across savvy commercial investors who have identified the growing need for space in sectors such as sports and cosmetic medicine. During COVID-19, increased need for pathology saw buyers pounce on this sector of the market, looking to capitalise on high occupancy and growing rents. Our ageing population, as well as health services being used across all age groups has made these properties one to focus on.
4 | PORTFOLIO | Ray White Commercial
This is a trend we’re seeing across Australia and high population growth states such as Queensland, Tasmania and Western Australia may have the greater potential however investment demand has been active across all states and prices do vary. However, in the $2 million price range, smaller medical suites can be purchased with larger facilities also possible in some locations. South East Queensland Retail - While retail assets have received a bad wrap during COVID-19 due to forced closure and strong move to online retailing, we’ve more recently seen people moving back to bricks and mortar stores - reducing online trade statistics. However, our behaviours towards retail had been changing prior to COVID-19. We’ve seen retail adapt and move away from clothing and soft goods, to personal goods, services and food in a lot of local centres. Over the last year we’ve seen many buyers actively pursuing retail assets despite rising vacancies, with the strong gains in population for South East Queensland being a focus for many investors. Local convenience-based retail continues to do well but prices have risen, making a $2 million investment more difficult. “Set and Forget” Assets - These are assets offering investors long-term rental returns and are typically assets like service stations, child care, and fast food restaurants, offering the owner a stable income stream. While popularity for these have been high over the past 10 years, causing values to skyrocket and investment yields to plummet, there are still opportunities to be had in this category - however, further up the risk curve. Regional cities across Australia continue to offer value for these types of investments and sales have remained high during late 2020 and 2021. However, opportunities have started to dissipate this year given the likelihood of interest rate rises. These are quality investments if they locationally make sense and the quality of tenant and security of income is high. Also, if investing in these assets, consider an exit strategy - this is more important in a regional city as obsolescence could be a factor.
VANESSA RADER Head of Research
PORTFOLIO | Ray White Commercial | 5
INVESTMENT INTO SMALL OFFICE ASSETS GROWS The office market has been one of the most disrupted due to COVID-19 lockdowns forcing staff out of the CBDs to work from home. While some states embraced the return to work quickly, it has been a longer grind for markets such as Sydney who are now faced with businesses developing hybrid working models, sparking the question: What will the future office look like? Despite the changing accommodation needs by many businesses, this has not put a dampener on demand to purchase office assets. A combination of low interest rates, high equity levels, lending availability, and the desire to diversify has seen a large increase in investment demand by private buyers, owner occupiers, and self managed super funds into affordable office offerings. Premium and A grade properties have been actively pursued by both domestic and offshore groups who see the long term confidence and value in these trophy assets despite the current uncertainty. The flight to quality has been high with enquiry and take up elevated for these assets given the competitive terms and incentives on offer together with their flexible working spaces aligned with changing attitudes towards office space. This has resulted in B grade assets growing their vacancies to the highest of all quality grades in Sydney at 11.3 per cent. So what will this mean for secondary grade assets going forward?
6 | PORTFOLIO | Ray White Commercial
While larger tenants may be gravitating towards this type of accommodation, smaller businesses have continued to seek out traditional office options driving investment into the smaller strata end of the market. Sydney CBD strata sales volumes grew to over $320million in 2021, a 120 per cent increase compared to 2020, with leased assets hotly contested by these private buyers pushing yields well below 5.5 per cent.
Despite effective rental growth being down, we have seen some businesses wanting more control across their future accommodation needs. Owner-occupiers purchasing via their self managed super funds has increased, resulting in strong levels of growth in capital values, up 6.01 per cent on the year to $14,311/sqm. The strata office market has historically offered small accommodation options in the sub 100sqm size range,
this offered affordability for the private investor who had dominated investment, however, over the last year we have seen the average size grow to 147sqm which is indicative of a greater owner-occupier purchaser profile. As such, there has been a new benchmark set for average deal size to $2.1million. While this is well up on prior years, it still represents affordability for investors particularly those seeking their first foray into commercial property. Over the first two months of 2022, we have not seen this investment appetite wane with over $10million changing hands with average values moving closer to $14,700/sqm. The current uncertainty in the office marketplace and the staff’s slow return to the CBD has not deterred buyers in this price range who continue their quest to secure commercial assets either as investment or for their own occupation.
VANESSA RADER Head of Research
PORTFOLIO | Ray White Commercial | 7
RAY WHITE PROJECTS EXPANDS INTO WESTERN SYDNEY WITH POWERHOUSE NEW TEAM During 2021 the difficulty continued for the office markets across the country. While the “on again, off again” disruptions to the workforce saw extended periods of work from home after there was some hope of normality returning early in the year. The thought of recovery has been difficult as we saw mammoth amounts of supply added to our CBD office markets in 2021, and while absorption overall had encouraging results, vacancies across most markets did see an uptick. The standout performer for 2021 has been Canberra. This market with its heavy weighting towards public administration tenants also benefited from negative net supply in the last six months of 2021; however, take up of 33,164sqm resulted in vacancies falling to just 6.2%, the lowest rate since 2008. Smaller markets such as Adelaide and Hobart CBD also recorded strong levels of absorption resulting in vacancy levels dropping to 14.5% and 2.7% respectively. Perth CBD has now recorded close to 70,000sqm of new demand during 2021 which has resulted in improved occupancy at 15.0% vacancy, a seven-year
8 | PORTFOLIO | Ray White Commercial
low rate. With Sydney CBD vacancy holding steady at 9.3%, other larger CBD markets did not fare so well. Melbourne CBD saw over 185,000sqm of new supply enter the market and despite some commitment keeping absorption positive, vacancies grew to 11.9% a 20-year high. Brisbane CBD’s recovery has also been hampered by new supply increasing vacancy to 15.4%. As we move through 2022, most states are now encouraging their workforce to go back into the office. The reluctance by staff and to some extent employers has however kept some CBD’s quiet. Rotation systems, partial days in the office and working from home, hot desking and shared office spaces all evolving in businesses as they find the right mix for their staff. As such we are not seeing growing new requirements for space, more of a churn of existing tenants across each market while we continue to see some businesses seek to sub-lease their space as they reduce their CBD footprint.
GROWING INFRASTRUCTURE SPEND TO FURTHER STIMULATE QUEENSLAND COMMERCIAL MARKETS There has been high levels off discussion around the recent Federal Budget announcement which highlighted the stronger than expected economy and rapidly reducing unemployment. With the looming Federal election, a number of short term cost of living measures have been introduced to counteract the high inflation, however, there has been a vast array and increased expenditure across other sectors including infrastructure set to impact local property markets. The $120 billion 10-year infrastructure plan sees initiatives across the country heavily aligned with transport including fast rail, roads, freight movement stimulating job security and continued economic growth. The additional $17.9 billion announced is being spread throughout urban and regional Australia with the greatest investment earmarked for Queensland, receiving $3.9 billion across projects to support the growing population. Both Victoria and NSW are expected to receive $3.3 billion towards projects including Melbourne Intermodal Terminal to aid improvement in logistics and freight movements while NSW will benefit from a range of road and rail projects both in Greater Sydney and to support neighbouring regional cities. While all other states will enjoy projects focussed on both road and rail for the local population and to improve supply chain and commodity movement to support economic growth.
PORTFOLIO | Ray White Commercial | 9
SPOTLIGHT ON QUEENSLAND With over 20 per cent of all infrastructure spend being devoted to Queensland projects, it’s an exciting time for the Sunshine State. Key features of the Budget have included a vast improvement in rail facilities, notably the Sunshine Coast to Brisbane corridor, which is long overdue and will support the strong growth in population and employment we have seen in this region. Also the rapid rail from Gold Coast to Brisbane, again improving connectivity across SEQ for the large commuter workforce, increased local population and tourism. The strong increase in demand in these regions, stemming from interstate population movements, has grown over the last two year period resulting in a reduction in vacancies across all commercial asset types putting downward pressure on investment yields. This ongoing infrastructure investment in the region will further enhance its attractiveness for new and growing businesses as well as investors looking to secure assets in a future growth market.
This comes in readiness for the Brisbane 2032 Olympics and Paralympic Games which will see the world spotlight on SEQ which will benefit from both new and upgraded facilities for the state to enjoy once the Olympic flame is extinguished. The SEQ Cities plan will continue to improve the connectivity for the region by creating thriving communities and job opportunities with a focus on digital innovation and integrated transport options. While SEQ has been a major beneficiary of the infrastructure budget, supporting regional cities is important together with improved accessibility to capital cities. Road and rail investment has been earmarked for Townsville and Rockhampton corridors as well as projects in Mount Isa and Cairns, improving the ability to transport goods and services across the state as well as connecting with port facilities in Queensland. The strong growth in the logistics sector in Australia over the past few years is expected to further increase resulting in a need for greater quality distribution centres, last mile warehousing and cold storage facilities along major nodes in this region.
VANESSA RADER Head of Research
10 | PORTFOLIO | Ray White Commercial
CHALLENGE AND DIVERSITY DRIVE AGENT’S PASSION FOR COMMERCIAL REAL ESTATE Working in real estate for almost two decades, Ray White Commercial Oakleigh operations manager and salesperson Ryan Amler said the commercial industry provided him with the challenge he needs. Born in South Africa, Mr Amler moved to Australia in 1996. He started his career in real estate in residential property management in 2004 before transitioning to commercial real estate in 2006. “I felt I was better suited to sales and needed a greater challenge that I was not getting in residential property management,” Mr Amler said. “I have spent most of my time at Ray White Commercial Oakleigh. “I started off as a sales and leasing executive and after about eight years I became the division manager in 2014.”
RYAN AMLER Operations Manager and Salesperson
It was the complexity and diversity of commercial real estate which initially attracted Mr Amler to the industry. One of Mr Amler’s recent deals include a hospitality venue at 271 Huntingdale Road, Oakleigh, which sold for $2.305 million. The 605sqm building comprises 535sqm on the ground floor, plus 70sqm caretaker’s residence on the first floor. The ground floor has been tenanted by Tang Chinese restaurant since 2018. Mr Amler has also recently sold two industrial facilities at 39 Hume Street, Huntingdale, which sold for $1.24 million, and 24 Manton Road, Oakleigh South, which sold for $1.065 million. “No property is alike and I also enjoy forging long term relationships with my clients,” he said. “The clients themselves are also diverse which I find interesting. “No day is the same and everyday presents new challenges requiring outside the box thinking.” Married with three children, the youngest just five months old, Mr Amler said he spends most of his time with his family when he’s not out selling commercial real estate. “Family is numero uno,” he said. “They occupy most of my time outside work. “I am also into my fitness and spending time with my friends.”
PORTFOLIO | Ray White Commercial | 11
PLAYGROUND OASIS IN PERTH INDUSTRIAL ESTATE SNAPPED UP BY INVESTOR
Could this be Western Australia’s most expensive playground?
“This property was originally planned to be an industrial development.
Buried within the Port Kennedy industrial estate at 17 Jacquard Way lies an outdoor oasis for children, leased by the Rockingham Montessori School.
“However, last year, the Rockingham Montessori School proposed a long term lease which was quite an attractive proposal to the seller.
While industrial land is highly sought after by investors, this unique property was recently snapped up for $850,000 in an off-market deal facilitated by Ray White Commercial WA agents Enrique Reyes and Josh Sumner.
“The property is quite unique in that it’s a playground with power and water.”
The 3,038sqm site was sold with a 5.29 per cent yield, with the 10 year-lease to Rockingham Montessori School a strong attraction for the buyer.
“The Rockingham-Port Kennedy area traditionally has had its challenges, however, with the market tightened up, and strong local businesses signing up longer leases, there is clearly renewed interest in the area,” he said.
“The property has a 10-year lease to a well established education institution - Rockingham Montessori School, which has also taken similar long-term lease covenants in two other adjacent properties,” Mr Reyes said.
12 | PORTFOLIO | Ray White Commercial
Mr Sumner said the Port Kennedy area had seen a spike in activity.
“Being a leased investment also makes it easier for properties to move as that market is very tight at the moment.”
14 | PORTFOLIO | Ray White Commercial
AS NEW COMMERCIAL/RETAIL OPPORTUNITY 2/132 Epsom Road, Zetland NSW
AUCTION
Saturday 14 May 2022, On Site at 11.00am • Situated in mixed use Link Apartments development • 86sqm (shop: 72sqm + 1 car space: 14sqm)* • Two sided glass shop fronts • Facing the landscaped public plaza • Suit commercial or retail uses View: Wednesday 11.00am - 11.45am
Anthony Vella 0412 232 904 a.vella@rwcss.com Kerrie Pelayias 0404 292 181 k.pelayias@rwre.com.au
*Approx
raywhitecommercialsouthsydney.com
PRIME RIVERFRONT INVESTMENT 72 & 74 Clarence Street, Port Macquarie NSW
SALE • Mixed-use with redevelopment potential (STCA) on 912sqm* • First time offered in over 20 years • 2 properties feature 6x retail shops with established tenants plus 4x offices • Prime Clarence Street position, located approximately 10m to Hastings river • Flexible B3 Mixed Use Zoning View By Appointment
Eddie Petro 0412 198 000 e.petro@rwcss.com Denis Roberson 0402 117 226 d.roberson@rwcss.com
*Approx
raywhitecommercialsouthsydney.com
SHOP & APARTMENT IN VIBRANT INNER WEST 520 King Street, Newtown NSW
AUCTION
Tuesday 24 May 2022 at 10.30am, Auction Works - Mezzanine Level, 50 Margaret Street, Sydney • Versatile premises with B2 Local Centre Zoning • Multi-tenanted investment or home plus income (STCA) • Ground floor shop with polished concrete floors • Private access upstairs apartment (2 bed/1 bath) • Sunny turfed courtyard includes a grease trap View By Appointment
Michael Khouri 0420 989 353 m.khouri@rwcss.com
raywhitecommercialsouthsydney.com
NEW CORNER PREMISES WITH MAIN ROAD EXPOSURE 4/624 Botany Road, Alexandria NSW
AUCTION
Thursday 19 May 2022 at 12pm, Auction Works - Mezzanine Level, 50 Margaret Street, Sydney • Shop 114sqm* internal, ready to personalise • Level access to 2 allocated adjoining car spaces • Bonus 54sqm* separate storage room & 8.7sqm* storage room • Building with toilet facilities + lush outdoor area • Client motorcycle/car parking in retail carpark View By Appointment
Alex Santelli 0403 104 146 a.santelli@rwcss.com
*Approx
raywhitecommercialsouthsydney.com
ALSTONVILLE PROPOSED OVER 50'S DEVELOPMENT SITE Lot 10 Lismore road, Alstonville NSW
SALE • • • • • •
7 Hectares (17 acres) of prime development land Nestled in the lush rolling hills of Alstonville on the tropical north coast of NSW Located just 42km from Byron Bay, 17km from Lismore & 14km from Ballina Perfect location for an over 50's resort style living development Access to creek & town water, concept plans already in place for 130 dwellings Owner forced to sell due to declining health
Nathan Huxham 0403 583 306 nathan.huxham@raywhite.com Ryan Langham 0420 581 164 ryan.langham@raywhite.com
*Approx
raywhitecommercialbroadbeach.com
TRANSPORTATION HUB DEVELOPMENT SITE 168 Pacific Highway, Mount White NSW
EXPRESSIONS OF INTEREST • • • • •
10 Minutes to Gosford 20 Minutes to Hornsby 40 Minutes to North Sydney On ramp and off Ramp with direct access to M1 Motorway Road Transport Facility approval in place for truck stop, retail, service station, restaurant, cabins and onsite sewerage systems
Ryan Langham 0420 581 164 ryan.langham@raywhite.com Nathan Huxham 0403 583 306 nathan.huxham@raywhite.com
raywhitecommercialbroadbeach.com
OUTSTANDING INVESTMENT WITH DEVELOPMENT OPPORTUNITY (STCA) 92 - 94 Longueville Road, Lane Cove NSW
AUCTION 19 May 2022 • • • • •
Land Area- 446 sqm* Comprises of four tenancies Parking for up to 8 cars* Estimated Gross Rental of $256,476 per annum plus GST* Development potential (STCA)
Scott Stephens 0409 960 006 scott.stephens@raywhite.com Logan Grisaffe 0403 916 433 logan.grisaffe@raywhite.com
*Approx
raywhitecommercialnswsydneynorth.com
NORTHERN GATEWAY TO GOSFORD CITY CENTRE Corner Dwyer & Mann Street, North Gosford NSW
AUCTION 31 May 2022 • • • • •
9 Lots in one line in a central location with favourable zoning 7 Residential houses and 2 large commercial lots - 10,691sqm* Significant development potential (STCA) Eastern Portion- 3,567.7 sqm* Western Portion - 7,123.4 sqm*
Scott Stephens 0409 960 006 scott.stephens@raywhite.com Tim Abbott 0425 285 833 tim.abbott@raywhite.com
*Approx
raywhitecommercialnswsydneynorth.com
NORTH SYDNEY CBD - PREMIUM RETAIL OPPORTUNITY Shop 2/225 Pacific Highway, North Sydney NSW
EXPRESSIONS OF INTEREST Closing 4pm Wednesday 4 May 2022 • • • • • •
Internal area of 290sqm* Brand new vacant retail shop opportunity Developed by Greenland Australia Ground floor and lower level of landmark 'Lucent' building Zoned B4 Mixed Use 700m* to North Sydney train station
Samuel Hadgelias 0403 254 675 shadgelias@raywhite.com Leslie (Yifu) Li 0403 261 752 leslie.li@raywhite.com
*Approx
raywhitecommercialsc.com
PORTFOLIO | Ray White Commercial | 13
PRIME CORNER SITE OPPOSITE HARBOUR TOWN 174, 176, 178 & 180 Brisbane Road and 4 Serene Court, Arundel QLD
Indicative Only
EXPRESSIONS OF INTEREST Closing on Thursday 12 May at 4pm • • • • •
2,615m2* Commercial Mixed Use Site 85m* frontage with exceptional exposure to Brisbane Road Site also has further visibility to the busy Olsen Avenue/Oxley Drive 5 lots in total can be purchased individually Ideal Development for Showroom, Medical Centre, Offices, Shops, Storage Sheds & Mixed Use Residential^
David Djurovitch 0411 133 307 d.djurovitch@rwsp.net Brad Merkur 0414 389 300 b.merkur@rwsp.net
*Approx ^Subject to Council Approval
raywhitecommercialgoldcoast.com
RARE & SOLID INVESTMENT OPPORTUNITY 263 and 265 Shute Harbour Road, Airlie Beach QLD
SALE
For Sale by Private Treaty • • • • • •
14 tenants over two levels Land area 1218sqm* and NLA 1048sqm* Direct access to Airlie Beach Lagoon Absolute prime position & prime asset for the astute investor Estimated fully leased net income $522,616.51* Estimated current passing net income $491,648.51*
Brad Merkur 0414 389 300 b.merkur@rwsp.net Harry Devine 0411 877 933 h.devine@rwsp.net
*Approx
raywhitecommercialgoldcoast.com
MIAMI GEM - 15 YEAR LEASE PLUS OPTIONS 2131 Gold Coast Highway, Miami QLD
Outlines Indicative Only
AUCTION
Thursday 19 May at 11am • Secure 15 year lease to 2032 plus options to 2052 • Leased to Global energy giant Chevron Corporation (NYSE:CVX) • Desired location, beachside of Gold Coast Highway corner position
• Rent $289,818* (projected as at 01/08/22 ) plus GST, plus outgoings • Strong growth with the greater of 3% or CPI annual increases • Exceptional exposure boasting a 60m* of highway frontage
David Djurovitch 0411 133 307 d.djurovitch@rwsp.net
*Approx
raywhitecommercialgoldcoast.com
PASSIVE FREEHOLD INVESTMENT 2 Crofton Street, Bundaberg Central QLD
AUCTION
Thursday 19 May 2022, 11am - Level 26, 111 Eagle Street, Brisbane • • • • • •
Purpose built backpacker facility, built in 1988 Fully compliant, licensed for 68 beds Leased to 2 March 2025 plus options to 2040 Net rental $126,248 pa, tenant pays all outgoings Annual CPI increases/ 6 month bank guarantee Region enjoys year round agricultural industries
Michael McCullagh 0403 426 474 mmccullagh@raywhite.com John Dwyer 0439 034 010 john.dwyer@raywhite.com
raywhitecommercialqld.com
LEASED OFFICE WITH MAIN ROAD EXPOSURE 627 Stafford Road, Stafford QLD
Outline Indicative Only
AUCTION
Thursday 19 May 2022, 11am - Level 26, 111 Eagle Street, Brisbane • • • • • •
125*sqm of well presented office with ample parking Prominent street frontage, significant exposure Dual street access Two tenants providing a diversified income stream Development potential^ 33,000* vehicles passing daily
Sam Parker 0434 449 807 sam.parker@raywhite.com
*Approx ^Subject to Council Approval
raywhitecommercialqld.com
GOLD COAST CARAVAN PARK FOR SALE 376 Nerang Murwillumbah Road, Advancetown QLD
SALE • Great opportunity for investors, land owners and business owner • 5.01*ha the Caravan Park is perched on the entrance of Nerang Murwillumbah Road on a flat parcel of land • 1x dwelling and 44* registered caravan parking bay's • Present All Offers
Ryan Langham 0420 581 164 ryan.langham@raywhite.com
*Approx
raywhitecommercialbroadbeach.com
INDUSTRIAL CORNER BLOCK | SUIT OWNER OCCUPIER 100 Eastlake Street, Carrara QLD
EXPRESSIONS OF INTEREST • • • • •
680*sqm of NLA 1,701*sqm of Land Space for 22 Vehicles Income from Vodafone cell tower lease Approved caretakers residence with double glazed windows
• 2X factories with roller door access • Lock up garage for 5 vehicles or additional storage • Covered carport • Easy M1 access, North and South bound
Ryan Langham 0420 581 164 ryan.langham@raywhite.com Nathan Huxham 0403 583 306 nathan.huxham@raywhite.com
*Approx
raywhitecommercialbroadbeach.com
PORTFOLIO | Ray White Commercial | 17
BAYSWATER STREET FRONT WAREHOUSE INVESTMENT 1/16 Malvern Street, Bayswater VIC 3153
AUCTION
19th May 2022 At 11:30am - Onsite & Online • • • • • •
Building area: 250 sqm* 7m* High clearance warehouse Street frontage Rent $30,160.00 + GST and outgoings Lease 3 + 2 years Automatic roller shutter door
• Three (3) on title car parking spaces • 3 Phase power • Industrial 1 Zone (I1Z)
Paul Waterhouse 0417 660 153 paul.waterhouse@raywhite.com Mitch Rosam 0402 355 805 mitch.rosam@raywhite.com
*Approx
raywhitecommercialferntreegully.com
VACANT INDUSTRIAL LAND WITH DEVELOPMENT UPSIDE 15 Thomas Street, Ferntree Gully VIC 3156
AUCTION
10th May 2022 at 11:00am - Onsite & Online This property is located just off Burwood Highway which provides access to the major arterials. • Total Land Area 1045 sqm* • Development Upside ^ • Close to Major Arterial Roads • Industrial 1 Zone (IN1Z)
Mitch Rosam 0402 355 805 mitch.rosam@raywhite.com Paul Waterhouse 0417 660 153 paul.waterhouse@raywhite.com
*Approx ^Subject to Council Approval
raywhitecommercialferntreegully.com
LIGHT FILLED QUALITY PARTITIONED OFFICE 1/489 Highett Road, Highett VIC 3190
AUCTION
25th May 2022 at 12:30pm Onsite & Online • Total Building Area 88 sqm* • Short term lease to Highett Law of $36,400 + GST and outgoings • Two (2) On Title Car Spaces with Secure Entry • Generous Reception / Waiting Area
• • • • •
Staff Toilet Facilities Kitchenette Floor to Ceiling Glass Partitions Directly Opposite Woolworths Highett Security System
Paul Waterhouse 0417 660 153 paul.waterhouse@raywhite.com Mitch Rosam 0402 355 805 mitch.rosam@raywhite.com
*Approx
raywhitecommercialferntreegully.com
FANTASTIC OFFICES ON THE CITY FRINGE Suites 7 Dryburgh Street, North Melbourne VIC 3051
AUCTION
26th May 2022 at 12:30pm Onsite & Online - If Not Sold Prior • Suite 7 building area 75 sqm* $340,000 to $374,000 • Suite 9 building area 64 sqm* $275,000 to $300,000 • Secure Basement Parking • Data Cabling
• Air Conditioning • Kitchenette • Male and Female Toilet Facilities
Paul Waterhouse 0417 660 153 paul.waterhouse@raywhite.com Mitch Rosam 0402 355 805 mitch.rosam@raywhite.com
*Approx
raywhitecommercialferntreegully.com
SEVEN (7) INDUSTRIAL WAREHOUSES TO BE SOLD IN ONE LINE Unit 1-7/16 Rosemary Court, Mulgrave VIC
AUCTION
Thursday 12th May 2022, 12pm onsite • • • • • •
First time offered in 30* years Combined income | $204,557* P/A Net Combined building area | 1661m2* Total land area | 4043m2* All on separate titles Zoning | Industrial 1 Zone
Ryan Amler 0401 971 622 ryan.amler@raywhite.com George Kelepouris 0425 798 677 george.kelepouris@raywhite.com
*Approx
raywhitecommercialoakleigh.com
16 | PORTFOLIO | Ray White Commercial
QUALITY INVESTMENT OPPORTUNITY 5/106 Robinson Avenue, Belmont WA
SALE
Price Significantly Reduced • • • • • •
Total area of 636sqm* comprising of 116sqm* office and 520sqm* warehouse Office consists of reception area, 3 separate offices and a large boardroom Alarm and ducted air-conditioning throughout the office area Full kitchenette, shower and toilet facilities High truss height warehouse estimated at 7 metres* Dual electric roller door entry points with drive through access
Chris Matthews 0413 359 315 chris.matthews@raywhite.com Liam Pittaway 0439 555 439 liam.pittaway@raywhite.com
*Approx
raywhitecommercialwa.com
RELIABLE RESIDENTIAL CASH FLOW 320 Canning Highway, Bicton WA
• outline indicative only
EXPRESSIONS OF INTEREST Closing Thursday, 19 May 2022 at 5pm (AWST) • • • • • •
32 one bedroom units and 4 two bedroom units; 4,053sqm* flat and level land holding Current gross rental income of $468,000pa Rental income increasing Zoned 'mixed use' R50 Group already strata titled
Brett Wilkins 0478 611 168 brett.wilkins@raywhite.com Stephen Harrison 0421 622 777 stephen.harrison@raywhite.com
*Approx
raywhitecommercialwa.com
18 | PORTFOLIO | Ray White Commercial
EXCEPTIONAL LOCATION AND PROFILE TO SH1 361 Russley Road, Harewood, Christchurch Canterbury
Indicative Outline Only
SALE
By Negotiation + GST (if any) 7.6ha of land in the immediate Airport precinct. Prime location having four road frontages with exceptional profile & exposure to SH1. A rare opportunity, as freehold land of this magnitude is virtually impossible to obtain this close to Christchurch International Airport's operational side. The Specific Purpose Airport (SPA) zoned site is ripe for development. Capable of up to 24,700m2* building (subject to consents). A once in a lifetime opportunity, call now, because once it has gone, it's gone.
Paula Raine +64 27 221 4997 paula.raine@raywhite.com
*Approx
www.rwcchristchurch.co.nz
Licensed Salespeople (REAA 2008) - Ray White Commercial (Christchurch)
RAY WHITE COMMERCIAL KNOW PROPERTY MANAGEMENT Over 10,000 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 140 property management specialists, supported by over 350 industry-leading commercial agents in over 49 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