Ray White Portfolio Magazine - August 2022

AUGUST 2022

IS NOW THE TIME TO BUY A COMMERCIAL ASSET? AUSTRALIA’S CRANE COUNT AND WHAT IT MEANS FOR THE INDUSTRY THE MOST INTERESTING DEALS, AS TOLD BY LEADING AGENTS

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ANDREW FREEMAN H E A D O F A G E N C Y O P E R AT I O N S

Despite the recent interest rate rises creating some challenges for the real estate market, causing some buyers and sellers to be more cautious, there are many positive aspects counteracting these challenges in the commercial market.

up from 49.7 per cent from the same time last year.

The hospitality and retail sectors are also showing signs of a comeback as people start to get out and about again after two years of take out and online shopping. This is reflected in the recent sale of 1003 - 1005 and 1007 Victoria Road, West Ryde, by Ray White Commercial Western Sydney. The twostorey retail building was snapped up by an investor for $9.3 million, showing the confidence in these leased assets.

While interest rates have gone up, the unemployment rate has reduced drastically, currently sitting at 3.5 per cent nationally. Low unemployment rates are always a positive sign for a stimulated commercial real estate market.

We have faced many challenges in the market over the past two and a half years as a result of the pandemic, but throughout all this our business has continued to grow and have record years. No matter what the challenge, the team at Ray White Commercial continue to work hard to get the best results for their clients.

Tourism is also seeing an increase which shows positive sentiment for the commercial sector. For the past few months no one has been able to glance at social media without seeing happy snaps of someone’s exciting holiday.

This is reflected in the hotel occupancy rate which sits at 65 per cent nationally,

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AS RATE RISES CONTINUE, IS NOW THE TIME TO BUY A COMMERCIAL ASSET? WITH THE ANNOUNCEMENT OF ANOTHER INTEREST RATE RISE TODAY, THE QUESTION REGARDING HOW THIS WILL IMPACT COMMERCIAL ASSETS IS UNDOUBTEDLY RAISED. THE COMMERCIAL PROPERTY MARKET HAS BEEN ENJOYING HIGH VOLUMES OF SALES WITH A GROWING BUYER POOL OVER THE LAST 24 MONTHS AND, AS A RESULT, INVESTMENT YIELDS HAVE SEEN STRONG COMPRESSION ACROSS MOST ASSET CLASSES NATIONALLY AS COMPETITION AND FOMO SET IN. Fast forward to this year and the threat and subsequent rises in interest rates has done much to dampen activity. Last year we saw a growing number of first time buyers make their first foray into various commercial assets, taking advantage of low interest rates, availability of finance, and the quest to diversify during a time of economic uncertainty borne out of COVID-19. We are now seeing many of these less experienced buyers exit, as we enter a new era of savvy or experienced investors dominating the marketplace.

As a result, we expect to see some increase in days on market and stability, or increase in yields, as buyers are more selective on assets and put greater emphasis on their location, tenant quality, and future opportunities.

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While auction results have still recorded quality clearance levels, overall bidder numbers are down and urgency has left for many buyers. However, those assets which have transacted continue to represent good value with long term, stable returns offering a good alternative to other investment types, such as shares, which are seen as more volatile.

The next opportunity may come from those investors still willing to move up the risk curve. Assets which are underlet or have vacancies could be an opportunity for buyers looking to capitalise on the rising holding costs for landlords. “Value-add” assets, or those with alternative development opportunities, are likely to draw attention from some investors looking to profit from changing market conditions. However, these assets will need to meet the market in terms of price and we may see some secondary or “harder to move” assets record price reductions.

Tenanted investments are expected to remain in strong demand despite the reduced buyer pool. The long term, secure income stream is attractive to many, however, the spread to bond rate will become increasingly important to ensure their viability. Assets which were secured over the last couple of years on tight yields without premium tenancies or locational attributes could re-enter the market over the short term as financing stress may start to emerge.

VANESSA RADER Head of Research

GROWING CRANE COUNT SEES AUSTRALIA LEAD THE CHARGE IN NEW COMMERCIAL CONSTRUCTION

This year, we have seen some rebound for the residential development sector with Rider evett ucknall’s Crane Index highlighting the first increase in numbers since prior to the pandemic in early 2019. As at Q1 2022, there were 506 cranes on the Australian skyline, a net increase of 63 over the last six months for residential projects, Forty-one of these were in Sydney with gains also in Newcastle, Central Coast, Canberra, Melbourne, Perth and the south east Queensland markets of Gold Coast and Sunshine Coast.

For the non-residential sector, however, this has been a different story, while still road blocked by the same factors we have seen crane numbers increase each period since Q1 2020 with construction continuing albeit on an extended completion timeline. igh-rise office construction has been a major contributor to the rising Crane Index for the nonresidential sector, despite woes of rising office vacancies and the work from home model impacting physical office occupation. The standout sector has been mixed-use developments, together with medical and education, adding 32 cranes to the skyline nationally in the last six months.

OVER THE LAST FEW YEARS WE HAVE SEEN SOME SEGMENTS OF CONSTRUCTION ACTIVITY PUT ON HOLD DUE TO A COMBINATION OF COVID-19 SHUTDOWNS, LABOUR SHORTAGES, WEATHER EVENTS AND INCREASED MATERIAL COSTS ALL PUTTING PRESSURE ON THE BUILDING INDUSTRY. THIS IS MOST EVIDENT IN THE RESIDENTIAL SECTOR WITH NEW ADDITIONS SLOW TO BE ADDED TO THE MARKET, RESULTING IN POPULATION MOVEMENTS AND LOW VACANCY RATES ACROSS THE COUNTRY, IMPACTING AFFORDABILITY. FOR NON-RESIDENTIAL MARKETS CONSTRUCTION HAS CONTINUED TO GROW, RISING TO THE HIGHEST NUMBER OF CRANES ACROSS THE AUSTRALIAN SKYLINE EVER RECORDED.

Looking at the major cities, we can see that Greater Sydney (including Central Coast and Wollongong) has the greatest number of active cranes at 370, this represents growth of 17 per cent over the last six months, with residential up 19 per cent and non-residential up by 11 per cent.

The bulk of residential cranes are located in Sydney’s east and north with little change in the south and western precincts. In Perth there has been a rapid rise in activity, including 32 per cent more residential cranes active over the last six months, and an 83 per cent growth in nonresidential due to increasing education, health as well as office projects.

There has been small growth recorded in Brisbane non-residential cranes, up 5 per cent to 46 in the last six months due to the growth in infrastructure and civil projects.

Compared to other parts of the world, Australia is leading the crane count, with the USA and Canada only adding 22 cranes to their skylines over the same period. Markets such as Washington DC, Boston and Portland all declined in activity while some small increases were recorded in New York, San Francisco, Chicago and Toronto, while no change in crane numbers was recorded for Los Angeles, Las Vegas, Seattle and Honolulu. For these markets half of all cranes have been for residential projects with mixed-use, health and office making up the remainder. Looking to Asia, numbers from Q4 2021 show Hong Kong activity still up, however, only across the commercial markets, with residential crane numbers decreasing, resulting in a net increase of 26 or 17 per cent over the calendar year.

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COMMERCIAL AGENT’S 7500KM JOURNEY FOR A GOOD CAUSE In the adventure of a lifetime, Ray White Commercial Burleigh Group agent Tom Clark recently travelled over 7500km in nine days to raise money for the Prostate Cancer Foundation.

When Mr Clark’s friend, 78-year-old Rod Wade, also known as The Vintage Adventurer, wanted to join the 2022 Prostate Cancer Rally, Mr Clark jumped on board.

Tom Clark (left), Rod Wade (right) and their team.

With more than 35 vehicles taking part in the rally, the group set off from the Gold Coast, travelling to Bourke, Birdsville, through the

“One in six Australian men will experience some form of prostate cancer

Simpson Desert to Barossa, and back to the Gold Coast.

in their life with over 16,000 diagnosed and 3,500 passing annually.

The rally raised $220,000 for the Prostate Cancer Foundation,

“The most memorable part of this journey was the proud moment Rod

smashing their $150,000 goal.

and our team were thanked personally by the head of the Prostate

Mr Clark said it was an amazing experience to participate in the event after it was postponed for two years due to COVID-19.

“Rod is now 78 years of age and this cause is close to his heart,” he said.

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Cancer Foundation of Australia for our fundraising efforts, it made our whole team teary.”

Mr Clark said his team raised $53,407 for the charity, beating their $50,000 target.

GET TO KNOW VEE LI

R AY W H I T E C O M M E R C I A L WESTERN SYDNEY MANAGER ASIAN INVESTMENT SERVICES Q: How did you first get into working in commercial real estate?

A: A s a spoiled single child from overseas, I decided to stay in Australia for many reasons after graduating from university.

This decision absolutely provoked my parents so they cut off all support. With only $300 in my bank account, I got into real estate as a channel project agent. At the same time I worked as a cashier at Woolies to actually get by.

Most channel agents I knew shared a common dream: working for the developers to sell exclusive stock. However, my brain was wired a little bit differently - I wanted to sell to the developers.Selling development sites and retail sites was my ultimate dream.

I joined a Ray White residential office as a marketing/EA/sales assistant/admin/receptionist where I learned the real estate fundamentals every day in the field and through the corporate training.

I told myself I needed to keep learning, grinding and being persistent. In 2018 I got a job with the Ray White Commercial NSW team as a junior marketing officer. The day I signed my employment contract is still one of the happiest days of my life I finally got into commercial real estate.

Q: What do you enjoy most about working in commercial real estate?

A: I ’m a property geek. I enjoy researching all types of assets, from developments, service stations, to brothels.

Q: Did you have any previous careers?

A: I was an indie-film producer/screenwriter and music composer when I was studying uni, but project agent was my first full-time job.

Q: When you’re not working hard as an agent, what do you like to do in your spare time?

A: W hen not working hard as an agent, I work hard as a good wife, a trustworthy friend, a caring dog mum, and an interesting person. I like to cook, hang out with my mates, take my doggo for a swim, do F45, and sneak into all kinds of galleries, film festivals, record stores, weekend markets, and shopping centres.

Q: As a woman working in commercial real estate, what advice would you give to other women getting into the field?

A: M y advice would be to always think from a gender-neutral perspective, act as a respectful human being, be genuine, and be you. I know there aren’t many women in this field, but there should be. Get out there and get started because we have a real bamboo ceiling to knock off, sister!

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HAS ONLINE RETAIL KILLED BRICK AND MORTAR STORES? THE DISCUSSION REGARDING THE LONGEVITY OF RETAIL SHOPS HAS BEEN A LONG ONE. IN THE LATE 90S EBAY EMERGED AND STARTED WHAT WAS TO BE A GROWING TREND TO ONLINE RETAIL SHOPPING. BOTH RETAILERS AND LANDLORDS WERE UNSURE ABOUT THE FUTURE OF BRICK AND MORTAR RETAIL STORES DESPITE ONLINE TRADE REPRESENTING A MINOR PORTION OF THE MARKET. More than 20 years on we continue the discussion, however, today we see a higher volume of retail spending occurring via online platforms. In the five years leading up to the C ID- pandemic, we saw online retail trading increase an average 24 per cent per annum, highlighting the trend. However, this was off a low base, as in 20 online sales only represented approximately .2 per cent of all retail turnover. While C ID- did much to speed up the online retail trade phenomenon, more than doubling its representation, online sales peaked at . per cent of all retail turnover in August 2022 during the Delta lockdowns. The latest data from the A for May 2022 highlights that this has shown steady decline and now only represents 0. per cent, which is below the initial C IDjump in April 2020.

While there is a large portion of the market who continue to support online retail sales, we have seen customers ock back to their local centre to re-ac uaint themselves with the in-person shopping experience. Delays in shipping have been a large deterrent for some shoppers, while the lure of uality food offerings and entertainment has brought vibrancy back to centres and strips.

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S O W H AT D O E S T H I S M E A N F O R B R I C K S A N D M O R TA R R E TA I L ?

Prior to the pandemic we saw vacancy rises in some markets as a precursor to this online changing of the guard and, as a result, many segments of the retail market saw rental adjustments after many years of strong gains. Our changing shopping habits also resulted in an overhaul of the retail mix in our strips and shopping centres. For larger centres the focus moved to food and entertainment as department stores reduced their footprints, while smaller centres pivoted to providing greater convenience with a focus on food. Many retail strips saw a move away from fashion and soft goods, making way for greater food offerings and services such as beauty and medical.

While the pandemic may be behind us, the remaining retail vacancies can be seen. Despite demand to purchase retail assets being high over

the last 18 months, concerning occupancy levels has resulted in rental discounting as well as some churn across retail tenancies. We are also seeing more service providers look to retail assets as an alternative to office or specialised spaces, giving their customers a better experience in locations with parking or transport options. Medical and childcare are all examples of uses now seen in our centres and strips which were unseen many years ago. This is likely to be a growing trend as these are all services which cannot be provided exclusively online, however will impact rents. Entertainment and food will continue to be a growing segment in our retail centres with new options emerging including sporting venues for Esports, VR, golf, climbing etcetera.Savvy retailers have used their brick and mortar stores to provide an immersive

experience which translates into online sales, still capturing the sale but in a different format. This, however, causes some concern regarding the future of retail rents, leases, and their structure which we expect to be navigated over the coming years.

While for some there is still uncertainty surrounding physical retail shopfronts, they are certainly not dead. A continuing change to the retail mix is inevitable, adaptive reuse for some vacancies and moderation on returns for landlords is likely, however, the reducing proportion of online retail sales continues to point to our want to be in store, which is good news for the future of retail.

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RAY WHITE COMMERCIAL CANBERRA’S LEADERSHIP TEAM CONTINUES TO GROW One year on from the merger that created Ray White Commercial Canberra, Notaras Commercial has merged with Ray White Commercial Canberra and principal Eleni Notaras has joined the team as a part owner, taking on the role of director of property management.

Now a strong 22 person team, this merger is another step in Ray White Commercial Canberra’s continued growth throughout the last year.

Ms Notaras is not only the first female executive to join the business, but is one of only a few women in an executive role in a commercial real estate agency in Canberra.

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She has worked in the residential and commercial property industry in Canberra for over 20 years and currently serves as an ACT Division Council Member of the Property Council of Australia, with strong roots in Canberra’s property market.

Ms Notaras said she was excited to join the Ray White Commercial Canberra team.

“I’m very excited about the future for the business and of course for myself both personally and professionally,” she said.

“Joining a great team and developing those person-to-person and business relationships with the clients is something I really look forward to.”

She said she looked forward to jumping in and continuing to be an advocate for the property industry.

“I’ve always been interested in letting people know how great the property industry is for career opportunities, and to mentor and train new people into the industry,” Ms Notaras said.

“I’ve been part of the Property Council of Australia’s National Mentoring Program which has been very rewarding and shown how diverse the job opportunities are.”

WHAT IS THE MOST INTERESTING DEAL YOU’VE DONE, AND WHY?

TROY TOWNSEND RAY WHITE COMMERCIAL TOWNSVILLE One of the more interesting deals I’ve done is a 20-year lease to Queensland Fire and Emergency Services on a 10,000 sqm office and workshop located on a 20,000sqm site at Webb Drive, The Bohle. It will be a new North Queensland headquarters for Queensland Fire and Emergency Services and the State Emergency Service and house 112 staff. The deal took 23 months from start to finish.

MICHAEL MILNE RAY WHITE COMMERCIAL WA A smaller, yet fascinating transaction was the sale of a ground lease jetty for De Groot Marine within the Fremantle Fishing Boat Harbour. The property measured approximately 2,000sqm on dry land and equal waterbed jetty space. No sooner had I received the agency appointment at $1.2 million, I called two hot buyers (motivated businessmen wanting space to park their super yachts) whilst driving back to the office. Both buyers summoned me to turn the car around, get back to the property and bring my “pad and pencil” (a contract). Long story short, the deal was done by lunchtime at $2.1 million, double the previous record price.

RYAN AMLER RAY WHITE COMMERCIAL OAKLEIGH I sold 1-7/16 Rosemary Court Mulgrave for $4,950,000 on a 4.1 per cent yield. It’s not every day that you get to sell a prized industrial complex with seven units in one line.

The property received more than 100 enquiries from local, interstate and international investors, with 28 contracts sent out prior to auction. In thnd the winning bid went to a local investor.

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LONG-STANDING REGIONAL MEDICAL CENTRE 58-62 Middle Street, Chinchilla QLD

AUCTION

Thursday 18 August, 10:45am AEST, Level 26/111 Eagle Street, Brisbane City QLD • Medical Centre operating for over 30 years • Specialties include Acton Pharmacy, ASX listed Sonic Healthcare, and Kent Projects a multinational resource projects company • Net income: $213,826* with a 3.15* year WALE • 1,281sqm* building area on a 3,014sqm* corner site with 42 car parks

Michael McCullagh 0403 426 474 mmccullagh@raywhite.com Michael Feltoe 0447 714 899 michael.feltoe@raywhite.com

*Approx

raywhitecommercialqld.com

BRISBANE MEDICAL CENTRE | NEW 5 YEAR LEASE 196 Gladstone Road, Highgate Hill QLD

AUCTION

Thursday 18 August, 10:45am AEST, Level 26/111 Eagle Street, Brisbane City QLD • Single head lease to Highgate Hill Doctors, who have occupied the centre for over 5 years with QML (ASX-listed Healius) subtenant • One of 10 clinics across Queensland owned by AusDocs Group, which includes over 75 doctors • 2017 major refurbishment, with over $400,000 fit-out costs to date

Michael Feltoe 0447 714 899 michael.feltoe@raywhite.com Lachlan O'Keeffe 0413 464 137 lokeeffe@raywhite.com

*Approx

raywhitecommercialqld.com

ICONIC BRISBANE ARTS THEATRE FOR SALE 210 Petrie Terrace, Petrie Terrace QLD

SALE

Expressions of Interest - Closing 4 August Ray White Commercial QLD is pleased to offer to the market a quality vintage commercial opportunity situated within the highly sought after inner Brisbane.

• 646m2* building area with 723m2* site area and over 60m* street frontage • MU2 - Mixed Use (Centre Frame) zoning allowing redevelopment up to 3 storeys^ • Flexible lease back arrangements available with Brisbane Arts Theatre

Michael McCullagh 0403 42 6474 mmccullagh@raywhite.com David Atkinson 0491 700 963 david.atkinson@raywhite.com

*Approx ^Subject to Council Approval

raywhitecommercialqld.com

ONLY SHOPPING CENTRE IN THE CATCHMENT 48 Rainbow Beach Road, Rainbow Beach QLD

AUCTION

Friday 5th August, 10:15am AEST • Anchored by a high-performing IGA supermarket, which has recently renewed for a further 5 years to 2027 • The only shopping centre in Rainbow Beach, located just 50km* North of Noosa • Supported by a complementary mix of 6 daily needs tenants • 2,369sqm land parcel with three street frontage facing the only road into Rainbow Beach

Michael Feltoe 0447 714 899 michael.feltoe@raywhite.com Lachlan O'Keeffe 0413 464 137 lokeeffe@raywhite.com

*Approx

raywhitecommercialqld.com

RETAIL TENANTED INVESTMENT 4/190 Varsity Parade, Varsity Lakes QLD

SALE • • • • •

Committed tenant 3% fixed increases European Style Restaurant Bond and Personal Guarantees 161sqm* plus exclusive use area plus additional licensed area

Nathan Huxham 0403 583 306 nathan.huxham@raywhite.com Ryan Langham 0420 581 164 ryan.langham@raywhite.com

*Approx

raywhitecommercialbroadbeach.com

TOURIST CARAVAN PARK FOR SALE NEAR DUNK ISLAND 21-35 Webb Road, Wongaling Beach QLD

SALE

Expressions of Interest • • • • • •

2.27Ha* | Suits owner occupier, investor or developer 50m* from Mission Beach overlooking Dunk Island 80 x powered caravan sites | 2 x Tent sites | 12 Cabins DA approval for a further 16 sites Camp Kitchen | Swimming Pool | Cafe Onsite Owners Residence

Nathan Huxham 0403 583 306 nathan.huxham@raywhite.com Ryan Langham 0420 581 164 ryan.langham@raywhite.com

*Approx

raywhitecommercialbroadbeach.com

CORNER BLOCK DEVELOPMENT - MOTEL HOLDING INCOME

2429 Gold Coast Highway, Mermaid Beach QLD

Labels & outline indicative only

SALE

Highest offer will buy • Land size of 817*sqm • Holding income $114,229.80*p.a. (including GST) • CPI annual increases

• 3 + 3 year lease with demolition clause (3 months' notice) • Zoned 15m height limit • Don't miss this outstanding opportunity

Thomas Clark 0426 287 188 thomas.clark@raywhite.com

*Approx

raywhitecommercialbroadbeach.com

INDUSTRIAL WAREHOUSE CLOSE TO HOSPITAL

12/26-28 Nestor Drive, Meadowbrook QLD

AUCTION

Online Auction - 11th August • • • •

Industrial warehouse 84m2* Central to Brisbane and Gold Coast Excellent access to all major routes Close to the hospital and retail centres

• On-site Parking • 200*m to Loganlea train station

Nathan Huxham 0403 583 306 nathan.huxham@raywhite.com

*Approx

raywhitecommercialbroadbeach.com

TENANTED INVESTMENT IN CALOUNDRA 4/43 Minchinton Street, Caloundra QLD

SALE $1.1m • • • • • •

Area: 214m2 (approx.)

Strata Titled Air-conditioned Highly rated tenant Centrally located in CBD Reception, offices, staff amenities, & exclusive access stairwell

Len Greedy 0401 691 807 len.greedy@raywhite.com

raywhitecommercialcaloundraandsunshinecoastsouth.com

MAN CAVE / WAREHOUSE WITH TWO ROLLER DOORS 1/2 Dual Avenue, Warana QLD

SALE

$675,000 • • • • • •

Area: 127m2 (approx.)

Front building with easy access Excellent height, easy access via two roller doors Comprising two offices & warehouse Large mezzanine Area (STCA) Ideal for a small business

Brenton Thomas 0407 693 467 brenton.thomas@raywhite.com

raywhitecommercialcaloundraandsunshinecoastsouth.com

282.1HA WITH 28HA DA FOR BULK STORE FACILITY 124 Booth Road, Brookhill (Townsville) "North Western Gateway" QLD

FORMAL OFFERS TO PURCHASE Closing 18 August 2022 at 4pm • • • • • •

Direct access to Townsville Port (20kms) + Western, Southern & Northern Highways 1,122m2* newly constructed warehouse / awning All weather triple road train access off Flinders Highway Grazing land with stylishly renovated homestead, cattle yards & worksheds Possible renewable energy hub for solar / battery farm Huge future development opportunity

Adrian Pascoe 0417 622 240 adrian.pascoe@raywhite.com Henry Slaney 0429 872 985 henry@slaneyandco.com.au

*Approx

raywhitecommercialtownsville.com

BUILT TO LAST

TENANTED INVESTMENT

SALE

SALE

27 Hugh Ryan Drive, Garbutt QLD

113 Bamford Lane, Kirwan QLD

$835,000 + GST with vacant possession • Building Area: 435m2 on Land Area: 1,045m2 • Fully refurbished with full amenities • Ample 3 phase power • 2 x 3.5m roller doors • Full concrete hardstand • Could be split into 2x smaller units

$2,100,000

Adrian Pascoe 0417 622 240

raywhitecommercialtownsville.com

• 575 sqm retail space configured as 7 tenancies • 14 self-storage units (fully tenanted) • 26 on-site car parks • Large freehold site area of 3,239 sqm zoned commercial 'local centre zone' • Current net income of $122,309 per annum

Troy Townsend 0407 213 887

raywhitecommercialtownsville.com

RESIDENTIAL FREEHOLD

ENTIRE FLOOR PLATE

EXPRESSIONS OF INTEREST

EXPRESSIONS OF INTEREST

Port of Call Accommodation comprises a 4 bedroom managers residence with covered in ground pool plus 24 guest rooms (3 ensuite) with common area kitchens, ablutions, laundry and storage facilities plus 9 under cover carparks.

On offer is the entire top floor of Aquarius on the Beach. The property consists of the entire Level 14 which has a total floor area of 497 sqm, which is equivalent to 12 of the standard studio apartments within the building. Level 14 was previously operated as a successful high-end restaurant.

53- 55 Ford Street, Hermit Park QLD

Closing 27th August 2022

Graeme Russell 0448 410 067 Troy Townsend 0407 213 887

raywhitecommercialtownsville.com

75-77 The Strand, North Ward QLD

Troy Townsend 0407 213 887 Graeme Russell 0448 410 067

raywhitecommercialtownsville.com

APPROVED BRUCE HWY SERVICE STATION SITE 7 Calliope River Rd, Gladstone Region QLD

Outline and artist impression indicative only

SALE

Expressions of Interest • Approval for travel centre, including service station, food court, retail shop • 25.195ha* total site area • 259m* frontage to Bruce Hwy • 20ha* of surplus land for further development^

• Ideal for tourism, accommodation or industrial / logistics^ • Located at gateway to the energy and export hub of the Gladstone State Development area

Andrew Allen 0408 799 585 andrew.allen@raywhite.com Selina Kelly 0423 730 154 selina.kelly@raywhite.com

*Approx ^Subject to Council Approval

raywhitecommercialgladstone.com

PRIME POSITION IN BUSY NOOSA SHIRE CBD Shop 1/93 Poinciana Avenue, Tewantin QLD

AUCTION

Onsite 11am Friday 2 September 2022 Last asset in the vendor's Tewantin CBD portfolio. We have clear instructions to sell now.

• 192m2* ground floor shop • Wide frontage, automatic sliding doors

• • • • •

Ducted air-conditioning throughout Suite retail, medical, office or food use Rear delivery access Parking at front and rear of building Vacant possession

Paul Forrest 0408 985 254 paul.forrest@raywhite.com Tracey Ryan 0421 981 490 tracey.ryan@raywhite.com

raywhitecommercialnoosasunshinecoastnorth.com

GENUINE BLANK CANVAS WITH ENDLESS OPPORTUNITY 155 Old Cleveland Road, Capalaba QLD

SALE

Expression of Interest Successfully operated as a large veterinary practice for decades, this 300m2* building has undergone a major ‘de-fit’ and is ready for a new operator to take the reins.

Situated on a 642m2* site with 10 on-site car parks and unparalleled signage to busy Old Cleveland Road from the front, and Capalaba Central Shopping Centre to the rear, this property is perfectly suited to investors and owner-operators.

Nathan Moore 0413 879 428 nathan.moore@raywhite.com Jonathon Burrowes 0421 383 668 jonathon.burrowes@raywhite.com

*Approx

raywhitecommercialbayside.com

BRAND NEW CORPORATE FACILITY 12 Loam Street, Acacia Ridge QLD

SALE/LEASE Price on Application • • • • • •

1,500sqm* tilt panel facility 1,233sqm* of clearspan warehouse 3x container height roller doors 267sqm* corporate office space Premium gated facility 17 undercroft car park spaces

Harry Egan 0409 494 248 harry.egan@raywhite.com

*Approx

raywhiteindustrialsouthwest.com.au

WELLCAMP INDUSTRIAL 4.25 ACRE BLOCK WITH EXPOSURE Lot 2 O'Mara Road, Wellcamp (Toowoomba) QLD

SALE

$120.00/m2 + GST • 1.72ha* fully serviced (94m* frontage) • 'Medium Impact/General Industry' zoning • Close to major industry/business incl.

Pulse Data Centre, Vinidex, IPLEX & MASKILL

• Frontage to major access route Warrego Hwy to Wellcamp Airport • Larger areas up to 6.8ha available (neg.)

• Limited opportunity with exposure in the expanding Toowoomba Enterprise Hub (TEH)

Craig Bradley 0488 075 167 craig.bradley@raywhite.com

raywhitecommercialtoowoomba.com

OUTSTANDING FULLY TENANTED INVESTMENT 28 Coomera Grand Drive, Upper Coomera QLD

EXPRESSIONS OF INTEREST • • • • • •

Fully Tenanted Investment Long Term Leases with Options Good Tenant Mix with National Brands Ampol Anchored Service Station Prominent Corner Location Additional Development Land

James Stevenson 0498 121 165 james.stevenson@raywhite.com Andrew Stevenson 0438 268 424 andrew.stevenson@raywhite.com

raywhitecommercialrobina.com.au

MORTGAGEE SALE | D.A. & OPW - 76 LOT SUBDIVISION Flame Tree Drive, Burrum Heads QLD

EXPRESSIONS OF INTEREST Closing Wed 17 Aug 2022 4pm (AEST)

• Balance parcel within the Dolphin Waters Estate • Land area 7.36Ha* • D.A & OPW for 76 lots (avg. lot size 784m2*)

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

• Gateway to Coral Coast and Fraser Island • 25min* to Hervey Bay Town Centre, Hospital and University • 35min* to the Hervey Bay Airport

Glen Winney 0417 785 661 glen.winney@winprojects.com.au

*Approx

raywhitespecialprojects.com

MAIN STREET OFFICE WITH WAREHOUSE

158 Edith Street, Innisfail QLD

LEASE

Grant Timmins 0422 534 044 grant.timmins@raywhite.com

$64,500 pa gross + GST • • • •

Size: 215 sqm Three-phase power installed High roller door - 4.2m clearance Rear fire door access for security

• • • •

Ducted air conditioning for entire space NBN ready for your provider Automatic shop front entrance - no rise PWD access

Susan Doubleday 0408 038 380 susan.doubleday@raywhite.com

*Approx

raywhitecommercialcairns.com

CLOSE TO CBD

MAJOR ARTERIAL

LEASE

LEASE

145-147 Lyons Street, Cairns QLD

502 Mulgrave Road, Cairns QLD

$50,000 PA GROSS + GST (all) or $28,000PA GROSS+ GST (half) • • • • • •

Size: total 330sqm* - split 2 x 165sqm* Open plan warehouse + small office spaces Air conditioning - split systems in offices NBN FTTP connected 3 phase power connected 2 x 3.2m* roller doors

Helen Crossley 0412 772 882 Grant Timmins 0422 534 044

*Approx

raywhitecommercialcairns.com

$48,000 PA GROSS + GST • • • • •

Tenancy size: 237sqm* Land size: 567sqm* Situated on a main arterial road Suitable for office/retail/medical Shopfront modernisation underway

Grant Timmins 0422 534 044 Susan Doubleday 0408 038 380

*Approx

raywhitecommercialcairns.com

6 X HIGH & DRY INDUSTRIAL UNITS REMAINING

30 Dulacca Street, Acacia Ridge QLD

SALE/LEASE • • • •

318sqm* - 852sqm* refurbished units Courtyards/ set down areas with units 3-8 Fully fenced and gated elevated site 3 phase power and NBN ready

Jack Gwyn 0424 807 166 jack.gwyn@raywhite.com • Translucent roof strip • LED lighting • PWD bathroom, kitchenette, plumbing provision for second toilet and shower

Jared Doyle 0408 160 570 jared.doyle@raywhite.com

*Approx

raywhitecommercialtradecoast.com

UNRIVALLED OPPORTUNITY AT SPRINGWOOD HEALTH HUB

4 Paxton Street, Springwood QLD

LEASE • Join committed national GP, Endoscopy Day Hospital & Springwood Day Hospital • Medical spaces from 70sqm* - 1922sqm* • Disability access with hospital grade lifts

Franz Stapelberg 0430 655 676 franz.stapelberg@raywhite.com • • • •

Theatre time opportunity for specialists Allied Health opportunity 140,000+ cars passing daily Est. completion in Q3 2022

Nick Rooney 0404 921 212 nick.rooney@raywhite.com

*Approx

raywhitecommercialtradecoast.com

DEVELOPING MEDICAL PRECINCT

383 Wickham Terrace, Spring Hill QLD

SALE

By Negotiation • 1200sqm* NLA freestanding mixed use building over 5 floors • 503sqm* corner land parcel • 13 on site car parks

David Highman 0488 109 768 david.highman@raywhite.com

• Multiple public transport options • Great repositioning opportunity with potential future development upside (STCA)

raywhitecommercialmilton.com.au

NEW DEVELOPMENT

BRAND NEW 3 YEAR LEASE

SALE

SALE

62-22 Curzon Street, Tennyson QLD

By Negotiation • • • • • •

Ground floor warehouse / showroom First floor office fit out including aircon Exclusive external parking on title Dual entry, glazing, roller shutter access Kitchenette and amenities in each unit First quarter 2023 completion (subject to change)

5/55 Proprietary Street, Tingalpa QLD

By Negotiation

David Highman 0488 109 768

raywhitecommercialmilton.com.au

• • • • •

Net return of $52,000pa + outgoings + GST 279sqm total area Clear span warehouse Open plan and partitioned office 6 exclusive use car parks

Maclay Kenman 0490 196 600 David Highman 0488 109 768

raywhitecommercialmilton.com.au

TENANTED INVESTMENT

TENANTED INVESTMENT

SALE

SALE

11 Randall Street, Slacks Creek QLD

Freestanding industrial warehouse

• • • •

5 Year lease with 5 year option Building 894m2* - Ground floor 694m2* Office Mezzanine 200m2* Ground floor coffee shop - opportunity for additional income $12,000 pa • Current net income $116,220 pa

3/28-34 Nevilles Street, Underwood QLD

$1,900,000 (Going Concern)

Aldo Bevacqua 0412 784 977

*Approx

• • • • • • •

raywhitecommercialspringwood.com

Total area 851m2* 536m2* Warehouse area 180m2* Office over 2 levels office area Large cold room & Freezer room Temperature controlled production room Current net income $96,000 pa* 3 Year lease in place

Aldo Bevacqua 0412 784 977

*Approx

raywhitecommercialspringwood.com

MODERN WAREHOUSE

VACANT WAREHOUSE

LEASE

SALE

7-9 Ellerslie Road, Meadowbrook QLD

$164,700 PA Net + GST + Outgoings

• Land area 2,000m2* • Building area 1,220m2* - 1,072m2* High bay warehouse • 148m2* Offices over 2 levels • 2 x Electric container height roller doors • With 600 Amps of Power

Unit 3/74-78 Kingston Road, Underwood QLD

$1,900,000

Aldo Bevacqua 0412 784 977

*Approx

raywhitecommercialspringwood.com

• • • • •

Currently leased until mid October 2022 Wide container height roller door Internal height up to 8 metres* 8 Allocated parking spaces Outgoings $19,000 pa*

Aldo Bevacqua 0412 784 977

*Approx

raywhitecommercialspringwood.com

HO + WAREHOUSE

ROYAL PRIVATE HOTEL

LEASE

SALE

48 Edison Crescent, Baringa QLD

100 Mosman Street, Charters Towers City QLD

Brand New Freestanding Warehouse

• • • • • •

1,652m2 clear span warehouse 200m2* mezzanine with 68m2* reception 32 car parks (6 undercover) Dual kitchens + toilet facilities 5 high clearance roller doors Located in Stockland's Aura Business Park

$1,400,000 (10% Yield)

Samuel Hoy 0423 795 273 David Goldsworthy 0481 996 794

*Approx

• 2,409m2 freehold lot with secure onsite parking • $140,000 P/A net income • Secure 2 year lease • 23 room motel recently refurbished • Ideal location servicing nearby key mining and infrastructure projects

Chris Massie 0412 490 840

raywhitecommercialnortherncorridorgroup.com.au

raywhitecommercialnortherncorridorgroup.com.au

TENANTED FREEHOLD

RARE OFFERING

SALE

SALE

103-105 Currie Street, Nambour QLD

Offers Over $4,000,000 • Two buildings, 15 tenants, NLA of 1,508m2* • Split over 3 levels, basement, ground floor & office • Currently returning $236,083* P/A net • Prime cnr position with development upside • 1,026m2* land area - Major Centre Zone • 25m height limit

2/3 Johnstone Road, Brendale QLD

Expressions Of Interest - Closing 25/08/2022

Emily Pendleton 0402 435 446 Christine Freney 0417 757 645

*Approx

raywhitecommercialnortherncorridorgroup.com.au

• • • • • •

199m2 warehouse opportunity Access to warehouse via large roller door Bite size office at the front of the premises Excellent truck access On-site parking Currently occupied on a month to month basis, available on 30 days notice

Luke Hobman 0434 053 164

raywhitecommercialnortherncorridorgroup.com.au

P O

R T F O

LI O

| Ray White Commercial | 13

NATIONAL TENANTED FREESTANDING INVESTMENT 53 Grattan Court, Wanniassa ACT

AUCTION

Thursday 18 August 2022 at 10am • 5 + 5 + 5 + 5 year lease commencing 1/9/2021.

• Leased to Canberra X Ray Pty Ltd, a wholly owned subsidiary of Sonic Healthcare.

• Net rental of $153,676* pa plus GST with 3% fixed increases, tenant pays all outgoings. (*As at 1 September 2022) • Freestanding building of 373 sqm on a site 426 sqm.

• Located in the heart of the busy Erindale Group Centre

Ben Faulks 0432 028 645 ben.faulks@raywhite.com Scott Stephens 0409 960 006 scott.stephens@raywhite.com

raywhitecommercialcanberra.com.au

NATIONAL TENANTED HIGHLY SECURE INVESTMENT Unit 1/5 Dann Close, Garran ACT

AUCTION

Thursday 18 August 2022 at 10am • 5 + 5 + 5 + 5 year lease commencing 1/9/2021.

• Leased to Canberra X Ray Pty Ltd, a wholly owned subsidiary of Sonic Healthcare.

• Net rental of $200,103.25** pa plus GST with 3% fixed increases tenant pays all outgoings. (**As at 1 September 2022) • Ground floor unit plan area of 408.7 sqm* in a quality 2 level building.

• 5 basement carparks, basement storage and good customer parking.

Ben Faulks 0432 028 645 ben.faulks@raywhite.com Scott Stephens 0409 960 006 scott.stephens@raywhite.com

*Approx

raywhitecommercialcanberra.com.au

NATIONALLY TENANTED HIGH QUALITY OFFICE SUITE Unit 2/26-28 Napier Close, Deakin ACT

AUCTION

Thursday 18 August 2022 at 10am • 5 + 5 + 5 + 5 year lease commencing 1/9/2021.

• Leased to Canberra X Ray Pty Ltd, a wholly owned subsidiary of Sonic Healthcare.

• Net rental of $97,335** pa plus GST with 3% fixed increases, tenant pays all outgoings. (**As at 1 September 2022) • Unit plan area of 270 sqm* in a quality 2 level building.

• 4 basement carparks, basement storage and good customer parking.

Ben Faulks 0432 028 645 ben.faulks@raywhite.com Scott Stephens 0409 960 006 scott.stephens@raywhite.com

*Approx

raywhitecommercialcanberra.com.au

HEALTHY INVESTMENT - NATIONAL TENANT 185 Bourke Street, Goulburn NSW

AUCTION

18 August 2022 • • • • •

Land Area - 251sqm* Net lettable area - 275sqm* Net income of $70,812.50 per annum + GST** Tenant pays 100% of outgoings Exceptional tenant with well established medical imaging practice ** As at 1 September 2022

Scott Stephens 0409 960 006 scott.stephens@raywhite.com Ben Faulks 0432 028 645 ben.faulks@raywhite.com

*Approx

raywhitecommercialnswsydneynorth.com

HEALTHY INVESTMENT - NATIONAL TENANT 183 Bourke Street, Goulburn NSW

AUCTION

18 August 2022 • • • • •

Land Area - 251sqm* Net lettable area - 191sqm* Net income of $49,182.50 per annum + GST** Tenant pays 100% of outgoings Exceptional tenant with well-established medical imaging practice **As at 1 September 2022

Scott Stephens 0409 960 006 scott.stephens@raywhite.com Ben Faulks 0432 028 645 ben.faulks@raywhite.com

*Approx

raywhitecommercialnswsydneynorth.com

DESIGNED BY FJMT Level 2, 160 King Street, Sydney NSW

LEASE

Area m2: 235 approx Rent $/m2: $1,100 Gross Rental PA: $258,500 • • • • • •

Ideal for office, medical, high-end fashion, jeweler Own bathrooms DDA, shower, external terrace w/ unique garden bed 24 hour 7 days a week access/AC, concierge on site 7 days a week Enter via the main lobby or via direct lift access from Elizabeth St King Street landscaped garden & views over St James & Hyde Park Offered as a cold shell with fit out incentives

Anthony Harris 0409 319 060 aharris@raywhite.com

raywhitesydneyleasing.com.au

BRAND NEW FIT OUT WITH 23 WORKSTATIONS Level 2, 27 Macquarie Place, Sydney NSW

LEASE

Area m2: 228 approx • • • • •

Rent $/m2: $1,250 Gross

Rental PA:$285,000

Brand new easy flowing fit out with full flexibility for customisation Own whole floor with exclusive hotel style refurbished amenities Comfortable 8-person boardroom, formal office and wet kitchen Furnished with 23 spacious workstations Separate break out area

Anthony Harris 0409 319 060 aharris@raywhite.com

raywhitesydneyleasing.com.au

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

SALE

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

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

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

*Approx

raywhitecommercialsouthsydney.com

CHILDCARE CENTRE INVESTMENT OPPORTUNITY 188 John Street, Singleton NSW

EXPRESSIONS OF INTEREST

Closing Wednesday 24 August 2022 at 3pm (AEST) • • • • • •

AFL signed, strong tenant secured Net income of $344,000 + GST* per annum Lease term of 15 years with 10 + 10 year options; Triple net lease Rent review - the greater of CPI and a 4% fixed increase New build with strong depreciation benefits Site area - 2,406sqm*

Samuel Hadgelias 0403 254 675 shadgelias@raywhite.com Leslie (Yifu) Li 0403 261 752 leslie.li@raywhite.com

*Approx

raywhitecommercialsc.com

BONDI STRATA BLOCK OF 2 UNITS + 1 SHOP 109 Bondi Road, Bondi NSW

AUCTION

September 1st, 2022 • High profile location between Bondi • Flexible B4 Mixed Use Zoning allowing Beach + Bondi Junction residential / commercial uses • Wide frontage to major Eastern Suburbs • Dual access with lock up garage via rear thoroughfare lane • Land 192m2 (approx), Existing Building • Fully Leased Income = $150,000 per 271m2 (approx) annum (approx)

Zorick Toltsan 0411 227 784 ztoltsan@raywhite.com Alan Fettes 0437 471 291 afettes@raywhite.com

raywhitecommercialdb.com.au

FOODIE CENTRAL

39 Station Street, Engadine NSW

LEASE

$55,000 + GST p.a

Brad Lord 0439 594 121 blord@raywhite.com

• • • •

Dean Munk 0451 100 654 dean.munk@raywhite.com

Perfectly positioned food premises 95m2* with own internal amenities Fitted with as new grease trap & kitchen exhaust Ample parking onsite (basement) and on street

*Approx

raywhitecommercialnswgss.com

METRO LOGISTICS HUB - IN2 LIGHT INDUSTRIAL

432b West Botany Street, Rockdale NSW

LEASE

Contact Agent • Substantial metro logistics hub • 3,100m2* warehousing with ability to customise additional office areas • Ability to split into smaller tenancies of 700

- 800m2 • Located in close proximity to Sydney Airport and NSW Ports • Ample parking with surplus hardstand

Brad Lord 0439 594 121 blord@raywhite.com

*Approx

raywhitecommercialnswgss.com

VALUE-ADD INVESTMENT

OFF THE PLAN CHILDCARE

AUCTION

EXPRESSIONS OF INTEREST

49-51 Norval Street, Auburn NSW

Sold At Auction - $3,780,000 • Site area 948m2* • Building area 1,101m2* • Existing medical fit-out includes 18 consulting rooms • Ideal value-add investment or owner occupier opportunity • Irreplaceable location

2-36 Church Street, Lidcombe NSW

Sold - $4,500,000

Jai Sethi 0433 393 128 Joseph Assaf 0401 397 696

*Approx

• Total area of 898m2* • Approved for 60 places with 15 allocated parking spaces • Part of a mixed-use complex consisting of 376 residential units, 1 childcare centre and 3 retail shops • Situated 400 metres to Lidcombe Station

raywhitecommercialwesternsydney.com

Peter Vines 0449 857 100 Jai Sethi 0433 393 128

*Approx

raywhitecommercialwesternsydney.com

BLOCK OF 8 UNITS

CORNER SITE + UPSIDE^

AUCTION

EXPRESSIONS OF INTEREST

592 Blaxland Road, Eastwood NSW

Wednesday 3 August at 11:30am • Site area of 645m2* • Including 2 x 1 Bed and 6 x 2 Bed units • Zoned R4 High Density Residential, FSR 1:1, Height limit of 15 metres • Potential to significantly increase rent return through refurbishments • 450m* from Eastwood Station and amenities

2-4 Acres Road, Kellyville NSW

Closing Thursday 25 August 2022 at 3pm

Peter Vines 0449 857 100 Victor Sheu 0412 301 582

*Approx

raywhitecommercialwesternsydney.com

• • • • •

Combined site area 2,264m2* Zoned R2 Low Density Residential Suitable for a multitude of business usages^ Potential to readapt an 80-place childcare^ Extended settlement available until December 2022 • Less than 3km* to Rouse Hill Town Centre

Joseph Assaf 0401 397 696 Victor Sheu 0412 301 582

*Approx

raywhitecommercialwesternsydney.com

LEASED INVESTMENT - LONG TERM EST. TENANT 185 Glebe Point Road, Glebe NSW

SALE

AUCTION • • • •

Freehold Leased Investment.

Net Passing Income $141,856.47 per annum.

Tenant pays 100% of the Water, Trade Waste, Insurance and Fire Service.

Building is currently leased to proven Wine Bar / Restaurant operator trading as Different Drummer.

Dean Haustead 0416287557 dean.haustead@raywhite.com Kristian Morris 0411 415 297 kristian.morris@raywhite.com

*Approx

raywhitecommercialsydneycityfringe.com.au

INNER WEST DEV SITE 36-40 Parramatta Road, Croydon NSW

SALE

Expressions Of Interest • • • •

2,175sqm* land area Potential to yield 5,220sqm* of GFA. (STCA)** 750m to the future Burwood North Metro Station Imminent increase of FSR and height due to Parramatta Rd Urban Transformation Strategy

Kristian Morris 0411 415 297 kristian.morris@raywhite.com Ronan Braham 0401500679 ronan.braham@raywhite.com

*Approx ^Subject to Council Approval

raywhitecommercialsydneycityfringe.com.au

14 | P O R T F O L I O | Ray White Commercial

WAREHOUSE FOR LEASE IN BAYSWATER 4/14 Reid Street, Bayswater VIC

LEASE This warehouse which is located in one of Bayswater's busiest light industrial precincts has a total building area is 268sqm*. The open warehouse area has vehicle access is via the electric roller door. There is also 3 secured carparks that come with the property. There is three phase power along with amenities.

Available from early September.

Mitch Rosam 0402 355 805 mitch.rosam@raywhite.com Bree Taylor 0438 424 807 bree.taylor@raywhite.com

*Approx

raywhitecommercialferntreegully.com

OCCUPY OR INVEST 5/18 Floriston Road, Boronia VIC

AUCTION This office suite which is located in the heart of Boronia's bustling retail precinct has a total building area is 71 sqm*. The air-conditioned property comprises a number of office and storage spaces as well as kitchenette and toilet facilities. There are two (2) dedicated parking spaces, with the property is a few minutes' walk from Boronia Station. The property is currently tenanted on a month by month basis returning $11,880 per annum plus GST and Outgoings

Mitch Rosam 0402 355 805 mitch.rosam@raywhite.com Bree Taylor 0438 424 807 bree.taylor@raywhite.com

*Approx

raywhitecommercialferntreegully.com

HIGH PROFILE PROPERTY IN HEALESVILLE 212 Maroondah Highway, Healesville VIC

LEASE

Contact Agent This sensational property located in the busy retail heart of the iconic tourist town of Healesville. Zoned Commercial 1 (C1Z) this property is ideal but not limited to a retail space or a restaurant. Total building area is 321 sqm*. Features include three (3) phase power, 4.3m* ceiling clearance, 3.3m* roller door access and ample natural light. The landlord is open to assisting with the renovations for the right tenant.

Mitch Rosam 0402 355 805 mitch.rosam@raywhite.com Bree Taylor 0438 424 807 bree.taylor@raywhite.com

*Approx

raywhitecommercialferntreegully.com

IMMACULATE RETAIL /OFFICE FREEHOLD 736 Waverley Road, Malvern East VIC

AUCTION

Wednesday 31st August 2022 1:00pm On-site • • • • •

Total Building Area | 145m2* Total Land Area | 224m2* On-site parking for 8 cars Sold with vacant possession Commercial 1 Zone (C1Z)

Ryan Amler 0401 971 622 ryan.amler@raywhite.com Simon Liang 0451 954 318 simon.liang@raywhite.com

*Approx

raywhitecommercialoakleigh.com

WAREHOUSE / OFFICE PLUS

CITY FRINGE OFFICE

LEASE

SALE

17-19 Kembla Street, Cheltenham VIC

Price Upon Application • • • •

Total lettable area | 1696m2* Comprising clear span warehouse |1510m2* Office / showroom |186m2* Large hardstand / parking area with covered area of 132m2* • Property features | 3 phase power, solar power & gas

5/23-25 Gipps Street, Collingwood VIC

$299,000 Ex GST

Ryan Amler 0401 971 622 George Kelepouris 0425 798 677

*Approx

• Total building area 50m2* • Comprising modern internal kitchenette and two toilets • Heating / cooling and alarm system • One allocated car space in basement • Ground floor suite with on-site Café • Current lease expiring in Sep 2022

raywhitecommercialoakleigh.com

Ryan Amler 0401 971 622 Simon Liang 0451 954 318

*Approx

raywhitecommercialoakleigh.com

PRIME INDUSTRIAL

4X NEW WAREHOUSES

AUCTION

SALE

Unit 4/136 Cochranes Road, Moorabbin VIC

Friday 26th August 2022 12pm On-site • • • • •

Total building area | 288sqm* Includes office / reception | 30sqm* 3 phase power, Alarm System Two (2) car spaces on-title Leased until October 2022

3 & 5 Kelly Court, Springvale VIC

Buy 1 or Multiple - All with Street Frontage

George Kelepouris 0425 798 677 Theo Karkanis 0431 391 035

*Approx

raywhitecommercialoakleigh.com

• • • • • • •

Total Building areas | 427m2* - 524m2* Includes first floor offices | 74m2* - 86m2* 7 or 8 car spaces on-title Individual driveways Suit container loading / unloading Estimated completion Oct / Nov 2022 Industrial 1 Zone (IN1Z)

Theo Karkanis 0431 391 035 George Kelepouris 0425 798 677

*Approx

raywhitecommercialoakleigh.com

THE BEST OF BOTH: INVEST OR OCCUPY

11 Cranbourne Place, Cranbourne VIC

AUCTION

Thursday 4th August at 1pm onsite

Ryan Trickey 0400 380 438 ryan.trickey@raywhite.com

Whether you are a business owner looking for a retail food shop front with the ability to live on-site or an astute investor 11 Cranbourne Place should be seriously considered. Cranbourne Activity Zone 1, features ample on site parking, Land size 223m2*, Retail Floor Area 105m2* and Residential Floor Area 105m2*

Will Jonas 0422 883 011 will.jonas@raywhite.com

*Approx

raywhitecommercialglenwaverley.com

INVEST OR OCCUPY

40 Mahogany Avenue, Frankston North VIC

SALE

Ryan Trickey 0400 380 438 ryan.trickey@raywhite.com

Currently leased by long-term pizza shop "Il Castello Pizza Cafe Frankston North", this retail strip is very low vacancy and offers a great tenancy mix. A true 'one stop shop' for the locals in this area. Features Commercial Zone 1, Building 145m2* including with rear 2-bed dwelling/ office, Land size 179m2*

Will Jonas 0422 883 011 will.jonas@raywhite.com

*Approx

raywhitecommercialglenwaverley.com

ENTRY LEVEL OFFICE - IDEAL SMSF OR OWNER OCCUPIER

5/653-657 Mountain Highway, Bayswater, VIC

EXPRESSIONS OF INTEREST $230,000 - $250,000 • • • •

Building area | 77sqm* Car parks | 3 onsite Zoning | Commercial 1 Great natural light

• • • •

Kitchenette & toilet amenities Easy access to major Eastern Arterials Reception + three generous office areas Vacant possession

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

*Approx

raywhitecommercialdistonassetservices.com

CORNER CONVENIENCE

103-107 Campbell Street, Heathmont, VIC

LEASE

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

$110,000 pa net • • • •

Land area | 1,092sqm* Building area | 200sqm* Ample parking area Zoning | Commercial 1

• Opposite tightly held shopping precinct • Forthcoming adjacent multi storey car park development • Medical, Retail, Childcare (STCA)

Cameron Barber 0431 176 786 cameron.barber@raywhite.com

*Approx

raywhitecommercialdistonassetservices.com

16 | P O R T F O L I O | Ray White Commercial

SAND RESOURCE OR RURAL DREAM

Lot 521 Corio Road, Ravenswood WA

- •Outline is indicative only

EXPRESSIONS OF INTEREST Closing Wed, 31 Aug 2022 at 4pm (AWST)

Brett Wilkins 0478 611 168 brett.wilkins@raywhite.com

• • • •

Enrique Reyes 0421 888 688 enrique.reyes@raywhite.com

1.04 million tonnes* - Bassendean Quartz Sand 108.94 Ha Land Area Rural Zoning Development approval for sand extraction (subject to conditions) valid to June 2024

*Approx

raywhitecommercialwa.com

HOSPITALITY OPPORTUNITY

101-103 Lake Street, Northbridge WA

AUCTION

Brett Wilkins 0478 611 168 brett.wilkins@raywhite.com

On-site, Wed 24 Aug 2022 at 11am (AWST) • 220sqm* building • 438sqm* site • Character building currently configured for Café& Gallery

• Ready to go with two operational kitchens, seating and coffee servery • Alternative uses including office, shop, medical, consultancy and more

Stephen Harrison 0421 622 777 stephen.harrison@raywhite.com

raywhitecommercialwa.com

DRAGON PALACE - ICONIC NORTHBRIDGE FREEHOLD

66 Francis Street, Northbridge WA

EXPRESSIONS OF INTEREST

Stephen Harrison 0421 622 777 stephen.harrison@raywhite.com

Closing Thurs, 25 Aug 2022 at 4pm (AWST) • • • •

Vacant possession or leaseback available 1,679sqm* lettable area 988sqm site area & 22 parking bays 4.8:1 with 20% bonus

• 330 total capacity dining, 2 bars, 3 private dining rooms & 25 karaoke rooms

Brett Wilkins 0478 611 168 brett.wilkins@raywhite.com

*Approx

raywhitecommercialwa.com

PRICE REDUCED - MOTIVATED SELLER!

333C Charles Street, North Perth WA

SALE

OFFERS FROM $399,000 TO $420,000

Tom Jones 0478 771 117 tom.jones@raywhite.com

• • • •

Lachlan Burrows 0499 552 296 lachlan.burrows@raywhite.com

112sqm* office, partitioning internally separates 2 offices on either side of the space Reverse cycle air-conditioning 2 exclusive car bays (included in strata area) Lift access

*Approx

raywhitecommercialwa.com

P O R T F O L I O | Ray White Commercial | 17

INCREDIBLE TAVERN/ACCOMMODATION OPPORTUNITY Corner State Highway 6 & 13-15 Owen Street, Punakaiki, West Coast

SALE

Deadline Sale Closing 4pm Wednesday 17th August 2022 (unless sold prior) Located in Punakaiki Village, right opposite Paparoa National Park track & only 1km* north of the world famous “Pancake Rocks & Blowholes”. Punakaiki Tavern & Accommodation sits on 2,486m2 of land over 3 titles with courtyards & carparks. It has indoor/outdoor dining, 9 studio units with scope to add more & a managers house. Our owners are looking to retire, so are selling the Freehold Going Concern. With borders reopening, an opportunity exists to reap the benefit of their hard work.

Paula Raine +64 27 221 4997 paula.raine@raywhite.com Steven Illenberger +64 27 277 5007 steven.illenberger@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