JULY 2022
HUB AND SPOKE – T H E L I K E LY OFFICE MODEL FOR THE AUSTRALIAN WORKFORCE
FOREIGN BUYERS BEHIND HALF OF 2022 INVESTMENT BIGGEST LEARNINGS FROM THE PANDEMIC BEACHFRONT DEVELOPMENT SITE HITS THE MARKET
P O R T F O L I O | Ray White Commercial | 1
2 | P O R T F O L I O | Ray White Commercial
ANDREW FREEMAN H E A D O F A G E N C Y O P E R AT I O N S
The 2021/22 financial year was a huge period of growth for Ray White Commercial, as we achieved another record year. This was our second consecutive year where we achieved more than 30 per cent growth year on year. I hope to continue this same extraordinary momentum as we head into the new financial year. To kick things off, Ray White will be holding its Connect conference in August, one of the largest real estate conferences in the country. The two day conference will be an opportunity for our team members to learn and further develop their skills to provide the best quality service to our buyers and sellers into the new year.
The conference will kick off with the Ray White Commercial awards, where our teams will gather to celebrate the hard work achievements of our top businesses, salespeople, property managers, and administrators. There will be plenty to celebrate as we acknowledge the contribution each of our team members made to Ray White Commercial in 2021/22. The past 12 months have been an enormous success for Ray White Commercial as we’ve navigated pandemics, elections, and changing market conditions. We don’t know what challenges lie ahead of us in the next 12 months, but I have no doubt the team at Ray White Commercial will tackle them with the same resilience, and continue to provide the best possible results for our clients.
QUICK JUMP TO A REGION QLD
NSW
VIC/SA/TAS WA ACT
NZ
FOREIGN BUYERS BEHIND HALF OF 2022 COMMERCIAL PROPERTY INVESTMENT DURING THE FIRST QUARTER OF 2022, COMMERCIAL VOLUME OF SALES RECORDED $8.69BILLION, REPRESENTING 593 TRANSACTIONS (OVER $2MILLION). The bulk of activity has come from NSW followed by Victoria together accounting for 74% of all volume. Of these two states alone we see that cross border buyers were responsible for 68% and 63% respectively however remembering that offshore sellers also represented 53% and 64% of these sales. Looking at the mismatch in buyer and seller capital flows, we see that year on year offshore buyers continue to grow their investment into Australia (along with institutions who also add to their portfolios) while private buyers continue to dwindle. Across Australia this year we have seen 56% of all capital flows into commercial property from foreign sources with 48% representing sellers, a net increase in foreign ownership of 7% so far this year.
*1Q 2022 (sales over $2million) | Source: RCA, Ray White Commercial 4 | P O R T F O L I O | Ray White Commercial
With only the first quarter of data available, a number of larger transactions during 2022 may skew these results; for the full 2021 calendar year we saw foreign buyers only accounting for 30% of sales, during a period where both REITs and institutions increased their investment levels. Despite this lower proportion, it still accounted for a net increase in foreign holdings of approximately $3.07billion. Private buyers were the major sellers in 2021 accounting for 41% of all sales resulting in a reduced holdings by 10% of total volume or $6.31billion. Over the past ten years, private buyers on average have exited the commercial market by a rate of $2.40billion per annum. In contrast, cross border buyers year on year continue to increase their foothold in Australian commercial property at an average rate of $4.93billion per annum, with institutions also increasing averaging $1.22billion annually. Looking ahead, despite Australia’s inflationary concerns it remains an economic “safe haven” location to invest in. The large uptick in overseas interest this year has been clear and with Australia remaining competitive in terms of yield, spreads remain attractive particularly to offshore pension funds and listed vehicles. Despite the high vacancy office market, office transactions accounted for the greatest turnover during 1Q 2022 followed by industrial and retail. Hotel investment has also come back after a quiet 2021 and is anticipated to see further increases in 2022 notably from Singaporean investors, similarly the development site market may see some rebound after a quiet two year period. We continue to see the greatest investment into Australian commercial assets by both United States and Canadian groups together with Asian nations Hong Kong, China, Singapore and South Korea. European nations have also seen the benefits of Australian assets with Germany, Switzerland and France as well as the United Kingdom also growing their portfolio across all asset classes which we expect to continue.
VANESSA RADER Head of Research
WHAT HAS BEEN YOUR BIGGEST LEARNING FROM THE PANDEMIC?
JOHN SKUFRIS RAY WHITE COMMERCIAL SOUTH SYDNEY The biggest learning in the office market is the ongoing change in the ways people work to provide the same service or outcomes for their employers and/or clients. It is more than just working from home. For example, there was one stage where people were looking for premises with “Zoom rooms” for frequent virtual meetings. Now, they can also go for coffee. The outcomes are mostly the same. Although, personal interaction probably leads to better outcomes most of the time.
ENRIQUE REYES RAY WHITE COMMERCIAL WA The pandemic really highlighted that what we think we know of the market isn’t as relevant as working through the challenges that come our way. We were presented with uncertainty in 2020 that did create a lot of hesitation in the market, but also fueled us to work with what was in front of us. Looking back now, we find that the market is what it will always be; good or bad, we work through it and we make the most out of the situation.
DAVID HIGHMAN RAY WHITE COMMERCIAL MILTON My biggest learning from the pandemic has been that no market can be predicted, and more wins are had when we get away from outcome and focus on daily process.
P O R T F O L I O | Ray White Commercial | 5
BRAND NEW INDUSTRIAL UNITS UNDER CONSTRUCTION (Lot 3) 22-24 Daintree Drive, Redland Bay QLD
Artist Impressions only
SALE
Prices From $584,640 + GST - $962,232 + GST • 15 brand new architecturally designed units from 174m2*-344m2* • Full tilt panel construction • 3-phase power capacity • Articulated vehicle access to complex and direct vehicle access to units
• Container-height electric roller doors • Fibre optic telecommunications • Kitchenette, internal toilets (disability compliant) and wash facilities • Mezzanine office and storage options are available
Nathan Moore 0413 879 428 nathan.moore@raywhite.com Hugh Fletcher 0429 583 765 hugh.fletcher@raywhite.com
*Approx
raywhitecommercialbayside.com
KAMHOLTZ COURT WORKSHOP 1/13 Kamholtz Court, Molendinar QLD
AUCTION
Storage | Mancave | Perfect for owner occupier/Investor • • • • • •
221*sqm of internal NLA plus 53*sqm mezzanine No body corporate fees only shared insurance An additional 300*sqm of concrete yard hardstand Office/Reception and workshops or the perfect Man Cave! Fantastic location for any trades or service based industry Currently occupied in sought after location
Ryan Langham 0420 581 164 ryan.langham@raywhite.com
raywhitecommercialbroadbeach.com
PROMINENT BEACHSIDE DEVELOPMENT OPPORTUNITY 1812-1814 Gold Coast Highway, Burleigh Heads QLD
Indicative Only
AUCTION
Thursday 18 August at 11am, Gold Coast Turf Club, Bundall This is an ideal situation to develop the site into a number of units, terrace style houses / townhouses or your desired outcome (STCA)^. • Land area 1,075m2* • Zoned Medium Density Residential • Short stroll to James St bars, shops and world renowned Burleigh Beach* • Highly sought after beach side suburb
Travis Rayner 0416 628 930 t.rayner@rwsp.net Brad Merkur 0414 389 300 b.merkur@rwsp.net
*Approx ^Subject to Council Approval
raywhitecommercialgoldcoast.com
NOOSAVILLE HIGH EXPOSURE TENANTED INVESTMENT Lot 3, 5 Gibson Road, Noosaville QLD
AUCTION
Onsite at 11am Friday 5 August 2022 Premium retail tenanted investment situated in the heart of Noosaville's shopping precinct. • 339m2* showroom
• Long term tenants Bed Bath N Table • Current rent $146,316pa gross + GST on 5 year lease - expiring 1/11/25 • Surrounded by quality businesses • High exposure street frontage to Gibson including Harvey Norman & opposite Road Noosa Village Shopping Centre
Chantel Dielwart 0421 466 696 chantel.dielwart@raywhite.com Paul Forrest 0408 985 254 paul.forrest@raywhite.com
*Approx
raywhitecommercialnoosasunshinecoastnorth.com
CITY FRINGE CORNER INVESTMENT WITH DEV UPSIDE 116 Brunswick Street, Fortitude Valley QLD
Outline Indicative Only
EXPRESSIONS OF INTEREST Closing Thur 7 July 2022, 4pm (AEST) • • • • •
866sqm* Corner Site with 86m* Frontage MU1 Mixed Use Zone - Up to 4 Storeys^ Net Income $210,000 + GST pa 31,800* Vehicles Passing Daily 300m* to Valley Metro, 1.5km* to CBD
Michael McCullagh 0403 426 474 mmccullagh@raywhite.com Aaron Aleckson 0434 258 601 aaron@cgprop.com.au
*Approx ^Subject to Council Approval
raywhitecommercialqld.com
TOWNSVILLE CBD INVESTMENT / OWNER OCCUPIER OPPORTUNITY 358 Flinders Street, Townsville City QLD
SALE
$3,500,000 The Citilink building comprises an attractive four level retail/ office complex with a gross floor area of approx. 2600 square metres including secure basement parking for 14 vehicles sited on a 1005 square metre site in the heart of Townsville City close to the new stadium. The building is configured as 16 tenancies linked to the Metro Quays apartment and car park complex by escalators and a viaduct across Ogden Street at the rear adjacent to the CBD bus hub.
Graeme Russell 0448 410 067 graeme.russell@raywhite.com Adrian Pascoe 0417 622 240 adrian.pascoe@raywhite.com
raywhitecommercialtownsville.com
2,344SQM GOLD COAST BEACHFRONT INVESTMENT 9 Trickett Street, Surfers Paradise QLD
SALE An opportunity like no other exists to secure 5 lots, 2,344 sqm of commercial office including a 1 bedroom apartment in the heart of Surfers Paradise. • Tenanted investment • 5 year lease commencing 15th December 2019 • Net income $420,065.76 approx. • 5 lots on separate titles
Kelly Zeckovic 0418 790 201 kelly.zeckovic@raywhite.com
commericalrobina.com.au
UNRIVALLED EXPOSURE TO M1
21 Dixon Street, Yatala QLD
SALE/LEASE
Jaems Balfour 0411404249 j.balfour@raywhite.com
Price on Application • • • •
Gross floor area: 2,470 sqm Land Area: 4,110 sqm Tilt panel construction Electric gate with 32 onsite carparks
• • • •
Small rear storage yard Multiple roller door access points Corporate office over two levels 8m internal height
Lachie Hale 0414911099 lachie.hale@raywhite.com
*Approx
raywhiteindustrialsouthwest.com.au
YARD & AWNING READY TO GO
55 Macbarry Place, Rocklea QLD
LEASE
Matt Wray 0408730943 matt.wray@raywhite.com
Price on Application • • • •
2,471m2 - 5,571m2 of hardstand area 642m2 of awning area Seconds from Ipswich Motorway Drive around capacity & B double access
• • • •
Level and functional yard area 10 radial km's from the CBD General industry C zoned Ready for occupation
*Approx
raywhiteindustrialsouthwest.com.au
RICHLANDS - 26 NEW INDUSTRIAL WAREHOUSES
21 Bandara Street, Richlands QLD
SALE/LEASE
Individual Unit Pricing Available on Request
Jared Doyle 0408 160 570 jared.doyle@raywhite.com
Situated on the boundary of Richlands & Wacol is this exciting new industrial development which will bring some much needed and sought after small to medium sized stock to the area. Buildings range in size from 50sqm* to 600sqm*. Fabulous location offering easy access to Ipswich Motorway, Centenary Highway and Logan Motorway.
Jack Gwyn 0424 807 166 jack.gwyn@raywhite.com
*Approx
raywhitecommercialtradecoast.com
MAASRA COORPAROO - JOIN NATIONAL HEALTHCARE
220 Old Cleveland Road, Coorparoo QLD
SALE/LEASE
Franz Stapelberg 0430 655 676 franz.stapelberg@raywhite.com
Price Upon Application • Purpose built mixed use development featuring medical, retail & residential. • Join national GP group, Ramsay Healthcare and other specialist groups
• • • •
Options from 77sqm* - 675sqm* Radiology clinic opportunity Estimated completion September 2022 Internal fit outs to commence July 2022
Nick Rooney 0404 921 212 nick.rooney@raywhite.com
*Approx
raywhitecommercialtradecoast.com
PRIME LAND TO DEVELOP - GREAT LOCATION
13 Old Toowoomba Road, One Mile QLD
SALE
Paul Schmidt-Lee 0499 781 455 paul.schmidt-lee@raywhite.com
Expression of Interest • 1532m2* of commercial land to develop (with Ipswich City Council Approval) • Owner willing to sell or build to lease to your requirements
• Suitable for Retail & Office space • Growing suburb with new residential developments planned in immediate area • Call now to find out more information
Warren Ramsey 0412 266 304 warren.ramsey@raywhite.com
*Approx
raywhitecommercialtoowoomba.com
PRIME HOTEL / DEVELOPMENT SITE
2 West Street, North Toowoomba QLD
SALE
Offers to Purchase
Geoff Percy 0438 424 672 geoff.percy@raywhite.com
• 4,338m2* block (hotel (leased) + 2 houses) • 18 GMEs, TAB, dining, upstairs accom. & with 2 street frontages Drive-thru bottle shop • Located on CBD access road to Toowoomba • Inspections by appointment - IM available Bypass on request *Approx
raywhitecommercialtoowoomba.com
CENTRAL QLD'S BEST DEVELOPMENT SITE
Goondoon & Lord Street, Gladstone QLD
Outline and artist impression indicative only
SALE
Andrew Allen 0408 799 585 andrew.allen@raywhite.com
Offers to Purchase • 4 separate titles offered in one line • Potential for sweeping views of Gladstone Harbour • 6,130m2* combined site area
• Existing building with approximately 1,300m2 floor plate • Previously approved for multi-storey mixed use development
*Approx
raywhitecommercialgladstone.com
44 LOT RURAL / RESIDENTIAL SITE^
2320 Dawson Highway, Gladstone Region QLD
Proposed lot layout indicative only
SALE • Earmarked for 44 rural/residential allotments (STCA) • Previously issued DA and OPW • 42ha* total site area
Andrew Allen 0408 799 585 andrew.allen@raywhite.com • Walking distance to school, shop, post office, hotel • 15 min drive to Gladstone CBD and State Development Area
*Approx ^Subject to Council Approval
raywhitecommercialgladstone.com
AMALGAMATED INDUSTRIAL REDEVELOPMENT SITE
10 & 12 Eva St & 173 Grigor St, Moffat Beach QLD
Outline and Locations Indicative Only
SALE • • • •
10 Eva St: 1,131m2* 12 Eva St: 1,391m2* 173 Grigor St 1,156m2* Total Area: 3,678m2*
Len Greedy 0401 691 807 len.greedy@raywhite.com • • • •
Low Impact Industry Zone Exceptional redevelopment site Close proximity to Caloundra CBD First time offered for sale in over 30 years
*Approx
raywhitecommercialcaloundraandsunshinecoastsouth.com
MULTI TENANTED RETAIL INVESTMENT - CALOUNDRA
44 Bulcock St, Caloundra QLD
AUCTION
Len Greedy 0401 691 807 len.greedy@raywhite.com
Thursday 14 July 11am Sunshine Coast Function Centre • • • •
Land Area: 529m2* Building Area: 396m2* Major Centre Zone Major South East QLD Growth Region
• 3 Main Street fronting tenancies • Includes global franchise Athlete's Foot • Benefits from rear lane access and parking
*Approx
raywhitecommercialcaloundraandsunshinecoastsouth.com
HUGE DEVELOPMENT POTENTIAL AND UPSIDE
114 Ingleston Road, Wakerley QLD
SALE
Expression of Interest Campaign closing on Wednesday the 6th of July 2022 (If not sold prior).
Stephen Ferguson 0412 803 244 stephen.ferguson@raywhite.com
• • • •
David Highman 0488 109 768 david.highman@raywhite.com
Huge 10,117sqm* General Industry A site 840sqm* older style metal clad and brick construction shed . 40sqm* office and toilets and 800sqm* warehouse 8% total site coverage over the total site
raywhitecommercialmilton.com.au
UNIQUE FITOUT
INNER CITY OFFICE SPACE
SALE
LEASE
9/1378 Lytton Road, Hemmant QLD
By Negotiation • • • • • •
142sqm ground floor office/warehouse 142sqm first floor office Male and Female amenities with shower Kitchen downstairs + kitchenette upstairs A-grade office fixtures and fitting 5 exclusive use car spaces
Maclay Kenman 0490 196 600
16/43 Lang Parade, Milton Qld
• • • •
188m2 of ground floor office space Six (6) exclusive car parks Multiple amenities with end of trip facilities Walking distance to train, bus, ferry
Dylan Thomas 0428 242 935
*Approx
raywhitecommercialmilton.com.au
raywhitecommercialmilton.com.au
LAKE STREET FRONTAGE
CAIRNS CBD
SALE
SALE
1/21-25 Lake Street, Cairns City QLD
• • • • • • •
Central CBD location, good potential return Two shopfronts facing Lake Street Opportunity for investor or owner/operator Capture business from Corporate Tower Minutes to Cairns Cruise Liner Terminal Previously operated as cafe for 40+ years Sale price $675,000 + GST
Grant Timmins 0422 534 044 Susan Doubleday 0408 038 380
3/2 Aplin Street, Cairns City QLD
• • • • • • •
High profile CBD location Located in Mantra Trilogy Retail or Office 41sqm approximately Polished concrete floors Includes undercover secure car park Priced to sell now $390,000 + GST
raywhitecommercialcairns.com
Helen Crossley 0412 772 882 Grant Timmins 0422 534 044
raywhitecommercialcairns.com
CAIRNS CBD OFFICE
SHOWROOM/WAREHOUSE
SALE
SALE
4/92 Abbott Street, Cairns City QLD
• • • • • • •
Fully tenanted investment Central CBD location 145 sqm whole first floor Well designed layout 3 undercover car parks Lots of natural light and external balconies Sale price $450,000 - ROI 7%
Helen Crossley 0412 772 882 Grant Timmins 0422 534 044
raywhitecommercialcairns.com
10 Commercial Place, Earlville QLD
• • • • • • •
Earlville commercial precinct Land area 1,001sqm* Warehouse 292sqm* Showroom 87sqm* Offices 105sqm* 5 roller doors Two street frontage, drive through access High bay lighting Offers over $1,500,000 + GST
Susan Doubleday 0408 038 380 Grant Timmins 0422 534 044
*Approx
raywhitecommercialcairns.com
NEW INDUSTRIAL UNITS 60 Evans Drive, Caboolture QLD
TENANTED BOWLS CLUB 129 Connection Road, Glenview QLD
Artists impression
SALE/LEASE
SALE
Contact Agent for Latest Pricing
• • • •
8 x warehouses available Sizes ranging from 101m2 to 285m2 23 secure car parks Ample power including 3 phase and provision for solar panels • General Industry Zoning • Fast Highway access
Offers Over $3,000,000
Chris Massie 0412 490 840 Aaron Canavan 0447 744 948
• Annual Net Rent: $150,000 • Land: 7,785m2 land + 548m2* internal dining and 323m2* external dining • Mooloolah Valley sports precinct • Vacant block of land next to the bowling green available for future development
Emily Pendleton 0402 435 446 Christine Freney 0432 170 380
*Approx
raywhitecommercialnortherncorridorgroup.com.au
raywhitecommercialnortherncorridorgroup.com.au
1.38 HECTARE ALLOTMENT
BLUE CHIP INVESTMENT -
SALE
SALE
Lot 22 Forest Glen Village Centre, Forest Glen QLD
Contact Agent
Land is approved for various uses including, industrial, car wash, office, & residential. The site is fully serviced & can be accessed by the newly formed road off Grammar Way. Newly built IGA & medical center across the road will give great amenity for staff and customers.
52-54 Mary Street, Gympie QLD
Contact Agent
Samuel Hoy 0423 795 273 Michael Shadforth 0488 981 076
raywhitecommercialnortherncorridorgroup.com.au
Ray White Commercial Northern Corridor Group is pleased to present to the market 52-54 Mary Street, Gympie for sale. Offered to the market for the first time in 30 years, this incredible investment has ample development potential and investment upside.
Luke Hobman 0434 053 164 Jake Taylor 0466 301 897
raywhitecommercialnortherncorridorgroup.com.au
HIGH END RESTAURANT
WAREHOUSE 1,220M2*
LEASE
LEASE
451-457 Ann Street, Brisbane City QLD
$137,000 PA Net + GST + Outgoings
• • • • • • •
Total seating for up to 150 customers Variety of custom booths, tables and chairs Full commercial kitchen Wok burners, Exhaust canopy Cold room, Freezer, Gas Cooking Full bar - Beer on tap High rise apartments above restaurant
7-9 Ellerslie Road, Meadowbrook QLD
$164,700 PA Net + GST + Outgoings
Aldo Bevacqua 0412 784 977
• • • • • •
raywhitecommercialspringwood.com
Land area 2,000m2* 1,072m2* High bay warehouse area 148m2* Offices over 2 levels 2 x Electric container height roller doors Multiple container set down Ample on site parking
Aldo Bevacqua 0412 784 977
raywhitecommercialspringwood.com
MEDICAL/OFFICE/OCCUPY
TENANTED INVESTMENT
LEASE
SALE
1352 Creek Road, Carina QLD
$94,800 PA Net + GST + Outgoings
• Building area 240m2* incl. Double garage • Additional freestanding garage 60m2* • First floor residential apartment (with 2 bedrooms) • 104m2* High exposure to main Rd NDIS compliant building
153-155 Kingston Road, Slacks Creek QLD
$2,200,000
Aldo Bevacqua 0412 784 977
raywhitecommercialspringwood.com
• • • • • • •
Current net income $96,000 PA Outgoings paid by tenant Brand new 3 x 3 year lease in place Land area 1,995m2* Huge frontage to busy Kingston Rd Grease trap Solar panels on roof
Aldo Bevacqua 0412 784 977
raywhitecommercialspringwood.com
YAROOMBA BEACHFRONT
SUNSHINE COAST BEACHFRONT DEVELOPMENT SITE HITS THE MARKET An 18.55ha beachfront residential development site has hit the market on the Sunshine Coast. Located at David Low Way, Yaroomba, the property provides an unique opportunity to secure one of the last beachfront master-planned residential development sites remaining in south-east Queensland. The property provides a development approved for a total of 291 dwellings, split between 112 detached dwellings, 41 terrace dwellings and 138 apartments. The approval also includes 500sqm of retail use, plus significant landscaping and open spaces. The property is being marketed by Ray White in conjunction with Colliers on behalf of international property developer and home builder Sekisui House Australia. Ray White Special Projects director Tony Williams said in a market where Sunshine Coast housing supply is under severe pressure this site presents a magnificent opportunity to acquire a premium development parcel to offer a mix of detached housing, medium density, and apartment solutions to a constrained market.
“WE ANTICIPATE THAT THE SITE’S PRIME LOCATION COUPLED WITH SECURED DEVELOPMENT APPROVAL WILL DRIVE STRONG INTEREST IN THE SALE.” - Atsuhide Seguchi, Group CEO at Sekisui House Australia
Offered for sale by expressions of interest Colliers director Brendan Hogan anticipates the opportunity to be well sought after. “The beachfront nature of the site coupled with the development approval and the underlying strength of the Sunshine Coast market provide the ingredients that development groups are actively pursuing”. Group CEO at Sekisui House Australia, Atsuhide Seguchi said the beachfront site at Yaroomba presented an exciting opportunity to bring to market quickly house lots and apartments under a current approval for a master-planned residential development. “The sea change trend continues to see Australians seek out homes and residential communities in coastal regions along the eastern seaboard, with the Sunshine Coast residential property market performing extremely well into 2022,” Mr Seguchi said.
P O R T F O L I O | Ray White Commercial | 23
BRISBANE NEIGHBOURHOOD SHOPPING CENTRE HITS THE MARKET Situated just 15km north of the Brisbane CBD, Marketplace Deagon is set to attract investor demand as it hits the market. Located at 55-75 Braun Street, this two storey neighbourhood centre is anchored by a Fresh & Save supermarket and five non-discretionary mini-majors including Reject Shop, Good Price Pharmacy, Guppy’s Early Learning Centre, Rackleys’ Swimming and Club Lime. The centre occupies a commanding 14,070sqm site with signalised access along Braun Street - an extension of one of Brisbane’s main arterial’s Sandgate Road. Ray White Commercial QLD agents Michael Feltoe and Lachlan O’Keeffe have been appointed to run the expressions of interest campaign, closing July 5 at 4pm (AEST). “Interstate groups have acquired the majority of neighbourhood centres in Queensland that transacted in the last 24 months, which is no surprise considering the state recently secured over 90% of net interstate migration in Australia,” Mr Feltoe said.
“FOUR OUT OF FIVE MINI-MAJOR TENANTS HAVE OCCUPIED THE CENTRE FOR BETWEEN 14-21 YEARS, AND FIVE OUT OF SEVEN SPECIALTY TENANTS FOR BETWEEN 11-30 YEARS.” - Lachlan O’Keeffe, Ray White Commercial QLD Agent
“With the easing of international border restrictions and increasing offshore based enquiry, we are seeing early signs emerging of the return of offshore high net worth investors and private funds competing in this neighbourhood sector, especially in metropolitan locations.” Marketplace Deagon generates a net income of $1.45 million per annum on a strong 5.85* year WALE, with 75 per cent of this income being generated by the major and five mini-major tenants. Mr O’Keeffe said: “What most impresses us about Marketplace Deagon is its excellent tenant retention history.”
24 | P O R T F O L I O | Ray White Commercial
16.5 HA* LAND OPPORTUNITY WITH UPSIDE^ 1 Thomas Road, Londonderry NSW
AUCTION
Tuesday 26 July 2022 at 10:30am - auctionWORKS, 50 Margaret St, Sydney • • • • • •
Site area - 16.5 hectares* 355m* frontage to The Northern Road Currently run as an auto wrecking yard (Northern Auto Wreckers) Owned by the same family for over 50 years A multitude of potential uses Must be sold
Samuel Hadgelias 0403 254 675 shadgelias@raywhite.com Leslie (Yifu) Li 0403 261 752 leslie.li@raywhite.com
*Approx ^Subject to Council Approval
raywhitecommercialsc.com
CHILDCARE CENTRE DEVELOPMENT SITE 280 Argyle Street, Picton NSW
AUCTION
Tuesday 5 July 2022 at 10:30am - auctionWORKS, 50 Margaret St, Sydney • • • • • •
DA approved for a 64 place childcare centre Land size - 1,341sqm* GFA of 410sqm* On grade parking, no basement required 270m* to Picton Public School and 930m* to St Anthony's Catholic Primary School 650m* to Picton Station
Samuel Hadgelias 0403 254 675 shadgelias@raywhite.com Leslie (Yifu) Li 0403 261 752 leslie.li@raywhite.com
*Approx
raywhitecommercialsc.com
RARE FREEHOLD BUILDING - INVEST, OCCUPY, DEVELOP 18 Spit Road, Mosman NSW
AUCTION 26th July 2022
Property Highlights: • Land Area - 208 sqm* • Building Area - 297 sqm* • Estimated Gross Income on a fully leased basis - $150,000 per annum + GST* • 2 Car spaces / loading bay • Rear access and thoroughfare to Bridgepoint
Frank Bird 0417 427 310 frank.bird@raywhite.com Scott Stephens 0409 960 006 scott.stephens@raywhite.com
*Approx
raywhitecommercialnswsydneynorth.com
GATEWAY TO THE EAST 86-94 Bayswater Road, Rushcutters Bay NSW
EXPRESSIONS OF INTEREST Closing 21 July 2022
• Amalgamated Site • 5 commercial terraces selling in one line • B4 Mixed Use • DA Approved for boutique development • Suit Development, Land Bank, Investors & HQ View By Appointment
Peter Kotzias 0419 440 450 p.kotzias@rwcss.com Max Mancuso 0414 488 899 maxx@ascott.sydney
raywhitecommercialsouthsydney.com
ASX LISTED MEDICAL INVESTMENT
Shop 1/2A Rowntree Street, Balmain NSW
SALE • • • •
Zorick Toltsan 0411 227 784 ztoltsan@raywhite.com
Centrally located in the highly regarded + desirable suburb of Balmain. Leased to medical skin health + wellness business "Artisan Aesthetic Clinics". Tenant is a subsidiary of ASX Listed Company Vita Group Ltd (ASX:VTG) Current Net Income: $171,000 + pa GST (approx)
raywhitecommercialdb.com.au
VERSATILE HEALTHCARE FREEHOLD IN R3 ZONING
34 Bayview Street, Arncliffe NSW
SALE
Zorick Toltsan 0411 227 784 ztoltsan@raywhite.com
Expression of Interest • Substantial land holding of 1252m2 with 23m frontage (approx.) • Currently 33 rooms with 9 bathrooms, large commercial kitchen, lounge rooms, offices,
utility rooms + laundry staff room • Currently operating as Supported Independent Living (SIL) to accommodate NDIS participants
raywhitecommercialdb.com.au
CENTRAL SOPHISTICATION
Level 2/7-11 The Avenue, Hurstville NSW
LEASE
Brad Lord 0439 594 121 blord@raywhite.com
Contact Agent - Attractive rental • • • •
building Internal area: 1,106sqm* (can be subdivided) Sixteen (16) secure allocated car spaces • CCTV Security throughout building Modern fit out & furniture • Adjacentto Westfield Shopping Centre 108 council car spaces (3 hour limit) under the
*Approx
raywhitecommercialnswgss.com
METRO LOGISTICS HUB - IN2 LIGHT INDUSTRIAL
432b West Botany Street, Rockdale NSW
LEASE
Brad Lord 0439 594 121 blord@raywhite.com
Contact Agent • Substantial metro logistics hub • 3,100m2* warehousing with ability to customise additional office areas • Ability to splitinto smaller tenancies of 700
- 800m2 • Located in close proximity to Sydney Airport and NSW Ports • Ample parking with surplus hardstand
*Approx
raywhitecommercialnswgss.com
COURT INSTRUCTIONS 76 Marion Street, Bankstown NSW
DA APPROVED CHILDCARE 43 Edward Bennett Drive, Cherrybrook NSW
Boundary & Locations Indicative Only
AUCTION
EXPRESSIONS OF INTEREST
Onsite, Thursday 28 July 2022 at 12:30pm • • • • • •
New generation boarding house Site area 770m2* Recently constructed and well-maintained Current gross income of $247,000* p.a. Potential to increase rents 600m* to Bankstown Station and shops
Closing Thursday, 21 July 2022 at 3:00 pm
Joseph Assaf 0401 397 696 Victor Sheu 0412 301 582
*Approx
raywhitecommercialwesternsydney.com
CITY FRINGE FREEHOLD 28-32 Mallett Street, Camperdown NSW
• High exposure corner site of 941m2* • DA approved for 60 places • Child ratio 15 x 0-2 years, 15 x 2-3 years & 30 x 3-5 years • 1km* to Cherrybrook Metro station • Short drive to Cherrybrook Village Shopping Centre & Castle towers
Jai Sethi 0433 393 128 Joseph Assaf 0401 397 696
*Approx
raywhitecommercialwesternsydney.com
MORTGAGEE SALE
12 Apartments, 3 Hazlewood Place, Epping NSW
Locations Indicative Only
AUCTION
EXPRESSIONS OF INTEREST
Onsite, Thursday 28 July at 10:30am • • • • • • •
Site area of over 1,000sqm* Architecturally designed refurbishment An abundance of natural light Brand new bathrooms and kitchenettes Off Street parking for 4 cars Easily accessible to public transport Surrounded by a variety of gyms, cafes and
To be sold In-One-Line, closing Wednesday 27 July at 3pm
Peter Vines 0449 857 100 Michael Khouri 0420 989 353
raywhitecommercialwesternsydney.com
• Ideal mix of 2 x One bedroom, 9 x Two bedroom and 1 x Three bedroom apartments • Boutique four-level residential complex with secure basement carpark • Efficient layouts with large balconies • Quiet cul-de-sac and tranquil location • High demand area for tenants and occupiers
Peter Vines 0449 857 100 Victor Sheu 0412 301 582
raywhitecommercialwesternsydney.com
“HUB AND SPOKE”: THE LIKELY OFFICE MODEL FOR THE AUSTRALIAN WORKFORCE DESPITE COVID-19 NUMBERS DWINDLING, THE UPTAKE IN STAFF RETURNING TO CBDS HAS CONTINUED TO BE SLOW, ALBEIT IMPROVING. A COMBINATION OF WET AND COLD WEATHER AND AN UPTICK IN THE FLU HAS BEEN YET ANOTHER STUMBLING BLOCK FOR BUSINESSES WHO ARE SEEKING TO GET THEIR STAFF BACK IN THE OFFICE ON A MORE PERMANENT BASIS. FOR MANY BUSINESSES THE QUEST TO HAVE THEIR STAFF IN THE OFFICE FULL-TIME HAS BEEN FRUITLESS AND NOW LOOK TO ADAPT TO A MORE HYBRID WORKING SOLUTION WITH A COMBINATION OF REMOTE AND FACE TO FACE WORKING. For major CBDs we have seen the Property Council of Australia occupancy survey show encouraging results, with all CBDs recording an uptick in occupancy levels, but not on a full time basis. ACT has led the charge with occupancy jumping up post election, from 39 per cent in April to 60 per cent in May, while Sydney and Melbourne also improved to result in 55 per cent and 48 per cent respectively. While some of our major CBD locations have been slow to return, the suburbs have recorded encouraging improvements in leasing activity. Spoken about during COVID-19 was what the “new normal” for the office markets could be; with the “hub and spoke” model often discussed signalling some strengthening of our suburban centres as a support to CBD office markets. As we move through 2022, there are signs of this model coming to fruition as suburban cities such as Parramatta in Sydney’s west record growing signs of interest.
Source: Property Council of Australia
Parramatta as a CBD is home to close to one million square metres of quality office space, soon to overtake other Sydney suburban markets such as Macquarie Park and North Sydney, with recent completions setting new benchmarks to quality for this suburban CBD office market. While vacancy is expected to extend to as much as 15 per cent in the next round of vacancy counts, after dropping to sub 3 per cent in 2019, the future still looks bright for Parramatta. Enquiry levels have grown as businesses look for satellite office locations within easy commutable distance for their staff and Sydney’s west has been identified as a prime location. While enquiry is up, incentives continue to play a role to secure tenants to this location, growing to as much as 40 per cen, which subsides a speculative fitout making a move a cost neutral exercise for most businesses. While expansion will see a more rapid take up of stock in our CBDs and spoke markets such as Parramatta, we are seeing businesses opting to commit to adequate space without the usual 10-15 per cent expansion space, with businesses foreseeing the hybrid working model is here to stay. We expect to see additional “spokes” added to the model by way of office locations in other regions such as Liverpool and Penrith again catering to the location of staff, transport, connectivity and quality accommodation offerings available. This is not just a Sydney phenomenon as markets such as Brisbane Fringe, Gold Coast and West Perth also have recorded growing enquiry, capitalising on an easy commute for staff, and affordable, yet attractive accommodation options. This is an interesting time for both the CBD and suburban office markets, which continue to attract strong institutional and overseas investment keeping yields at historic lows despite vacancy levels tipped to remain high over the medium term.
VANESSA RADER Head of Research
33 | P O R T F O L I O | Ray White Commercial
R AY W H I T E VA L U AT I O N S SYDNEY | MELBOURNE | BRISBANE RESIDENTIAL SERVICES • Residential houses and units • Unit and strata entitlement • Portfolio valuations • Vacant land • Residential apartment blocks • Prestige properties and townhouse complexes C O M M E RC I A L A N D M I X E D U S E O R D E V E LO P M E N T S E R V I C E S • Project analysis • CBD Metro and suburban office buildings • Feasibility studies • Large and small scale industrial properties • Due diligence • All forms of retail shopping centres • Property advisory services • Self storage centres • Regional complexes • Mortgage and construction funding valuations H OT E L S A N D G O I N G C O N C E R N S E R V I C E S • Golf courses • Accommodation hotels and resorts • Motels • Student accommodation • Pubs (licensed premises) • Backpacker hostels • Childcare centres • Clubs • Market rental advice • Boarding houses • Marinas Contact valuations@raywhite.com to request a valuation. raywhitevaluations.com.au
OCCUPY OR INVESTMENT - KNOXFIELD WAREHOUSE 12/573 Burwood Highway, Knoxfield VIC
AUCTION
14th July 2022 11:30am Online & On Site • • • • • •
Total Building Area: 227sqm* Monthly lease - $40,000* + Net Air Conditioning Kitchenette and Disabled Facilities Three (3) Phase Power Board Room and Open Plan Office
• High Clearance Warehouse
Paul Waterhouse 0417 660 153 paul.waterhouse@raywhite.com Bree Taylor 0438424807 bree.taylor@raywhite.com
*Approx
raywhitecommercialferntreegully.com
PRIME INDUSTRIAL INVESTMENT Unit 24/94-102 Keys Road, Moorabbin VIC
AUCTION
Thursday 28th July 2022 at 1:00pm On-site • Total Building Area | 540m2* • Modern & clear span warehouse of 7m* • Well-maintained estate with excellent security features • Eight (8) car spaces plus ample visitor parking
• Property comes with recently installed 6.56kw solar system • Three (3) year lease with one further term of Three (3) years • Income $70,000 Per Annum plus GST plus Outgoings
Ryan Amler 0401 971 622 ryan.amler@raywhite.com
raywhitecommercialoakleigh.com
OUTSTANDING INDUSTRIAL OPPORTUNITY 6/10-12 Elliott Road, Dandenong South VIC
AUCTION
Thursday 14th July 2022 at 1pm on-site • • • • • •
Total building area | 850m2* Total land area | 1822m2* High clear span warehouse | 7m* Front office & additional mezzanine Large hardstand area | 885m2* Industrial 1 Zone IN1Z
Inspection Times: • 6th July - 1:00pm - 1:30pm • 13th July - 1:00pm - 1:30pm
Simon Liang 0451 954 318 simon.liang@raywhite.com Ryan Amler 0401 971 622 ryan.amler@raywhite.com
raywhitecommercialoakleigh.com
STORAGE UNIT
ENTRY LEVEL INVESTMENT
SALE
SALE
11/9-11 Graham Daff Boulevard, Braeside VIC
Unit 11
• • • • •
126/266 Osborne Avenue, Clayton South VIC
Deadline Thursday 21st July at 4pm
Total building area | 75m2* Including small office | 15m2* Great internal clearance | 5.5m* Motorised roller door Sold with vacant possession
Ryan Amler 0401 971 622 Simon Liang 0451 954 318
• • • • • • •
raywhitecommercialoakleigh.com
Total building area | 150m2* Leased until May 2023 Amenities | kitchenette & toilet Securely Gated Estate Three (3) car spaces on-title Suitable for container loading / unloading Modern industrial property in tightly held
George Kelepouris 0425 798 677 George Ganavas 0478 634 562
raywhitecommercialoakleigh.com
NEW 5 YEAR LEASE
PRIME INDUSTRIAL
AUCTION
AUCTION
13/14-26 Audsley Street, Clayton South VIC
Thursday 21st July 2022 at 12:00pm On-site.
• • • • • • •
Total building area | 310m2* Amenities | kitchenette & M/F toilets Returning $36,000 p/a + Gst + Outgoings 3 phase power,alarm,CCTV,Bollards Eight (8) car spaces on-title Suitable for container loading / unloading Mixed Use Zone (MUZ)
20 Capella Crescent, Moorabbin VIC
Friday 15th July 2022 at 1pm Onsite
George Kelepouris 0425 798 677 George Ganavas 0478 634 562
raywhitecommercialoakleigh.com
• • • •
Total building area | 280m2* Total land area |284m2* On-site parking for 2-3 cars Lease expires January 2023
Ryan Amler 0401 971 622 Simon Liang 0451 954 318
raywhitecommercialoakleigh.com
FOOD - RETAIL - OFFICE
73-75 Kingsway, Glen Waverley VIC
LEASE
Ryan Trickey 0400 380 438 ryan.trickey@raywhite.com
First time available on Kingsway - new, boutique and available in 2022. Your opportunity to secure a tenancy in arguably Glen Waverley's most coveted location has finally arrived. Located in the heart of Kingsway, Glen Waverley's busiest dining and entertainment precinct we offer a mix of restaurants, retail, and office over 6 levels.
Will Jonas 0422 883 011 will.jonas@raywhite.com
raywhitecommercialglenwaverley.com
FITNESS MEDICAL OFFICE - RETAIL
75-77 Railway Parade, Glen Waverley VIC
LEASE
Will Jonas 0422 883 011 will.jonas@raywhite.com
Located in the heart of Glen Waverley and surrounded by multiple high density residential towers, this first floor property with lift access will suite a myriad of businesses. Serviced by 100's of public car spaces and only meters from Glen Waverley train station and bus stop, this sized property does not come along often. Call today to discuss this unique opportunity.
Ryan Trickey 0400 380 438 ryan.trickey@raywhite.com
raywhitecommercialglenwaverley.com
FLEXIBLE FRINGE RETAIL
1/520-528 Victoria Street, North Melbourne VIC
SALE/LEASE
Brett Diston 0439 365 532 brett.diston@raywhite.com
Expressions of Interest • • • •
Building area | 70m2* Flexible lease terms Partially completed fit out Suit variety of uses (STCA)
• • • •
Freezer and cool room Ample parking Great exposure Close to public transport
Cameron Barber 0431 176 786 cameron.barber@raywhite.com
*Approx
raywhitecommercialdistonassetservices.com
HIGHETT'S MEGA SITE - INVEST, DEVELOP OR OCCUPY
248-250 Wickham Road, Highett VIC
SALE
Brett Diston 0439 365 532 brett.diston@raywhite.com
Expressions of Interest Closing 27th July at 3pm • • • •
Land area | 7,065sqm* Building area | 3,340sqm* Zoning | Industrial 1 Currently 100% leased
• Develop, Occupy or Subdivide (STCA) • Tightly held industrial precinct • Suitable for the astute Developer or Investor
*Approx
raywhitecommercialdistonassetservices.com
OFFICE FOR LEASE 390 Payneham Road, Payneham SA
LEASE
$25,000 per annum plus outgoings plus GST An opportunity to lease this great office on Payneham Road is available from 01 July 2022. The property is well located just a short 5 kilometres out of the Adelaide CBD. The property has a lettable area of approx. 120 m2 and comprises offices, boardroom, reception and waiting area, storage room, amenities including kitchen and toilet. The property also offers car parking for 5 cars at the rear of the property and a carport to the side.
Ian Lambert 0413 155 665 ian.lambert@raywhite.com
raywhitecommercialadelaideassetmanagement.com.au RLA 225073
RETAIL SPACE WITH PLENTY OF CHARACTER SNAPPED UP BY INVESTOR Packed with charm, you’ll find this unique Adelaide retail space just moments from the CBD. Located at 267 The Parade, Beulah Park, the 140sqm character building sold under the hammer for $1.675 million. With plenty to love about the property, it received more than 100 enquiries prior to auction, with 10 registered bidders on the day. The stone and brick building comprises five treatment rooms, an office, waiting area, kitchen and amenities. The quaint premises is currently occupied by Elixir Skin Fitness on a five-year lease, generating an annual income of $56,000. The property was brought to market by Ray White Commercial Adelaide Asset Management principal Ian Lambert and agent Tali Stow on behalf of a private local investor.
The property stayed in local hands with the winning bid going to another Adelaide buyer. Mr Lambert said the property’s long-term tenant and desirable location just a couple of kilometres from the Adelaide CBD were major drawcards. “This property ticked all the boxes being in the under $5 million range with exquisite improvements and a fabulous long-term and secure lease, all located on The Parade, one of Adelaide’s premier retail locations,” he said. “Demand for properties like this in the current market is enormous, with investors looking to park funds that give them a return higher than the bank interest rates, albeit at low returns by property standards.” 43 | P O R T F O L I O | Ray White Commercial
RAY WHITE VALUATIONS GROWS ITS BUSINESS IN MELBOURNE With 20 years’ experience in the valuations industry, Josh Johnston is the perfect fit for the role of regional director within Ray White Valuations Melbourne team. Born and raised in Perth, Mr Johnston studied a Bachelor of Business at Curtin University, majoring in property and international business. Once graduated, Mr Johnston made a change for the east coast to start his career in Melbourne. In 2021, Mr Johnston joined the Ray White Valuations’ brand new team in Melbourne as the new regional director. “I decided it was time for a change and this was an opportunity to start a business from scratch, which was a new challenge for me,” Mr Johnston said. “It’s only a very small team of four - Ned Greenhil, who just got qualified as valuer, Rashan who is a student and works with us four days a week, and Kate Seymour who is our executive assistant. “There’s many different aspects of valuations but we focus on residential development, so our clients are mostly developers and banks.”
P O R T F O L I O | Ray White Commercial | 44
“I LOOK FORWARD TO SEEING HOW JOSH CONTINUES TO GROW THE BUSINESS IN THE FUTURE.” - Robert Wilson, Ray White Valuation managing director and partner
He said his main goal for the next 12 months was to continue to grow the business. Outside of work, Mr Johnston likes to focus on family. “I’m married with one child, which takes up most of my time outside of work,” he said. ‘I’m also an AFL and cricket fan. Being from Perth I support the Fremantle Dockers.” Ray White Valuation managing director and partner Robert Wilson said it was fantastic to have Mr Johnston on the team. “Josh is a valuable asset to Ray White Valuations, and was a perfect fit to lead the Melbourne team,” Mr Wilson said. “Since Josh joined the company and opened the Melbourne office 18 months ago, he has hit the ground running and hasn’t looked back. The business is profitable and we are getting great feedback from clients and lenders on the Melbourne team which is fantastic.”
DIVERSIFY YOUR INCOME
68-70 Beechboro Road, Bayswater WA
SALE
Expressions of Interest
Lachlan Burrows 0499 552 296 lachlan.burrows@raywhite.com
• • • •
Tom Jones 0478 771 117 tom.jones@raywhite.com
Land: 5,504sqm* | NLA: 2,427sqm* (split over 4 tenancies) Passing netincome - $257,224pa Potential netincome - $400,000pa+* National brand tenants
*Approx
raywhitecommercialwa.com
OWNER OCCUPIER / REPOSITIONING OPPORTUNITY
34 Burton Street, Cannington WA
• Outline approx.
SALE
Luke Pavlos 0408 823 823 luke.pavlos@raywhite.com
EOI Closing Thurs, 4 Aug 2022 at 4pm (AWST) • Building: 1,680sqm* • Land: 3,827sqm* • Zoned 'Commercial' City of Canning LPS No.42
• Abundant parking for 71 vehicles • Suit Office, Education, Childcare, Medical & more • 4 Star NABERS
Chris Matthews 0413 359 315 chris.matthews@raywhite.com
*Approx
raywhitecommercialwa.com
BE SEEN ON BERRIGAN
1A/234 Berrigan Drive, Jandakot WA
• Outline approx.
LEASE
Contact Agent
Enrique Reyes 0421 888 688 enrique.reyes@raywhite.com
• • • •
Josh Sumner 0488 221 331 josh.sumner@raywhite.com
Floor area: 335sqm* Potential uses include Medical, Retail Shop, Showroom, Health Studio, Office & more^ Generous parking Corner position with unparalleled street exposure at the corner of Prinsep Rd & Berrigan Dr
*Approx ^Subject to Approval
raywhitecommercialwa.com
ICONIC PREMISES & NEW OPPORTUNITY
194 Cambridge Street, Wembley WA
SALE
Asking $2,100,000
Stephen Harrison 0421 622 777 stephen.harrison@raywhite.com
• • • •
Brett Wilkins 0478 611 168 brett.wilkins@raywhite.com
708sqm* land & 376sqm* building Existing restaurant fit-out 14-15 parking bays 5 storey height limit
*Approx
raywhitecommercialwa.com
Q&A WITH...
PHOEBE MEADS R AY W H I T E C O M M E R C I A L WA A S S E T M A N AG E R Q: How did you first get into real estate? A: I started as a receptionist in commercial real estate in 2017 and then worked my way up to assistant property manager and property manager within 18 months before moving to Ray White Commercial in 2020. I have always mainly specialised in industrial property. Q: What do you enjoy most about working in commercial real estate? A: I mostly enjoy how fast-paced it is, every day is dynamic and presents new circumstances and learning experiences. There is never a tedious day in commercial! Q: Did you have any interesting previous careers? A: I was the centre director for a performing arts school in Joondalup for children aged 4 - 18 years, while I was starting my real estate career. They had one hour of dance, drama and singing lessons with an annual performance. I had five wonderful staff members who worked with me, however, unfortunately due to COVID it wasn’t feasible to carry on. I also worked at the London 2012 Olympics for the main security company which ended up paying for my plane ticket to come to Australia 10 years ago from the UK! Q: When you’re not working hard in commercial asset management, what do you like to do in your spare time? A: When I am not working, I enjoy camping, wakeboarding, and mountain biking, but my main passion is riding and racing dirt bikes. I ride in the Western Australian Enduro State Rounds and usually do around 10-15 races a year, my best result being 6th in the state for women last year Q: As a woman working in commercial real estate, what advice would you give to other women getting into the field? A: Make the effort to keep learning, ask questions, bounce ideas off colleagues and managers, go to as many Personal Development Breakfasts, courses, online seminars as you can/ I have never been to one where I didn’t take away something or learn something new. Oh and always keep a pair of steel toe shoes and a high vis in your car for those Industrial Inspections! Haha!
P O R T F O L I O | Ray White Commercial | 15
INDUSTRIAL INVESTMENT OPPORTUNITY Unit 1/15A Sleigh Place, Hume ACT
EXPRESSIONS OF INTEREST Closing Thurs, 28 July 2022 at 3pm • • • • • •
Brand new 5 year lease with 5 year option commenced 1 May 2022 2,438sqm GFA 5 tonne gantry crane in each warehouse Concrete hard stand yard and large power upgrade Tenant paying increases in base year outgoings 2021 Estimated net annual income of circa $346,212 pa plus GST (as of 1/7/2022).
Frank Giorgi 0403 839 822 frank.giorgi@raywhite.com
raywhitecommercialcanberra.com.au
WINNERS CIRCLE 118 Wrights Road, Addington, Christchurch, Canterbury
SALE/LEASE Architecturally designed 2 level office building overlooking Addington Raceway with the added entertainment offered on race days. Situated within a modern office park. Excellent traffic linkages & close to the CBD. Ideal for an owner occupier or investor as the building could potentially be leased in multiple tenancies (subject to any consents). Ground floor 431.8m2*, first floor 457.9m2* + balcony 26.6m2*. Building 916m2*. 73% NBS. Large land area of 2,062m2* (currently being subdivided). 29* car parks.
Paula Raine +64 27 221 4997 paula.raine@raywhite.com
*Approx
www.rwcchristchurch.co.nz
Ray White Commercial (Christchurch) - Raine Blackadder Ltd - Licensed (REAA 2008)
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 18 | P O R T F O L I O | Ray White Commercial