SEPTEMBER 2022 TOP 5 THECOMMERCIALFORPREDICTIONSTHESMALLMARKETSHIFTONPROPERTYMANAGEMENTRECRUITMENTCELEBRATINGTHETOPPERFORMERSOF21/22
NSW/ACTQLDWA NZ QUICK JUMP TO A REGION
August was a huge month for Ray White Commercial, with the highlight being Connect 2022, an action packed two day conference on the Gold Coast attended by almost 3,000 Ray White agents, property managers and administrators.
The breakout sessions included a discussion on the impacts of the supply chain industry on industrial real estate with White and Partners’ James Hodgkinson and DHL head of development Adam Davies, a presentation on how to rethink and redefine success in commercial property management by Macquarie Group national head of real estate, business banking Domonic Thompson, followed by a 2023 strategic update by myself, Ray White Group managing director Dan White, and Ray White marketing manager Todd Alexander. We also celebrated our performance at the Ray White Commercial awards, which was attended by a record breaking 260 people. Once again I’d like to extend a huge congratulations to all our award winners for their achievements and for playing a part in what was an outstanding year for Ray White Commercial.
Attendees heard from the likes of former New Zealand prime minister John Key, Olympic athlete Jana Pittman, former Al-Qaeda captive Steve McGowan, and former vice president of innovation and creativity at Disney Duncan Wardle, as well as three commercial breakout sessions.
ANDREW FREEMAN HEAD OF OPERATIONSAGENCY
I’d like to extend a huge shout out to Michael Willems from Ray White Commercial Gold Coast who took out the coveted Director’s Cup award for his contributions to Ray White Commercial over the last three decades - we look forward to many more fantastic years to come. This year also saw the creation of a new award - the Transaction of the Year award - which was taken out by Brett Wilkins of Ray White Commercial WA for the $1.3 billion sale of Jandakot Airport. The sale not only broke the record for the largest sale in Ray White’s history, but was also the largest sale the state of Western Australia had ever seen. Congratulations again to Brett. August was also a fantastic month for auctions for Ray White Commercial. During the first three weeks of the month the number of auctions scheduled was up 51.9 per cent year on year, with an all sold clearance rate of 72.4 per cent. On 18 August we saw one of our biggest days of auctions ever, with 15 auctions going ahead nationally, with an auction day clearance rate of 60 per cent.
NT/SAVIC/TAS
4 | PORTFOLIO | Ray White Commercial TOP MARKETCOMMERCIAL(SUBFORPREDICTIONS5THESMALL$2MILLION) During the 2021/22 financial year there were over 16,000 transactions recorded in the sub $2 million price range across Australia for commercial assets. This has totalled more than $12 billion dollars which represents a 2.3 per cent increase on last year’s results. This year Victoria switched places with NSW as the number one investment location followed by NSW and Queensland, with WA continuing its strong drive over the past two years, representing 11.5 per cent of sales. By asset class, industrial remained king, contributing to close to half of all sales. Office volumes dropped as retail, medical, and hotel/tourism continued to grow. THE STRONG TURNOVER LEVELS RECORDED OVER THE LAST FEW YEARS FOR THE SUB $2 MILLION SEGMENT CAN BE ATTRIBUTED TO AVAILABILITY OF FINANCE AND LOW INTEREST RATES, HOWEVER, AS MARKET CONDITIONS CHANGE, WHAT WILL BE THE OUTLOOK FOR THIS SMALLER END OF THE MARKET? VIC 28.5% NSW 27.6% QLD 19.7% WA 11.5% SA 8.5% TAS, ACT, NT 4.3% SUB $2 MILLION COMMERCIAL SALES By state, 2021/22 financial year Total volume: $12.07 billon Source: Ray White, PIMS
Ray White Commercial | 5 OUR TOP PREDICTIONS5 ARE:
1. Industrial owner occupiers will continue to pursue assets Industrial sales represented 47 per cent of all sales this last year, with owner occupiers competitive in securing assets to shelter from rising rents. With vacancies remaining historically low, owner occupiers will continue to actively compete for ass ets to give their businesses accommodation certainty.
5. Medical assets will remain attractive
VANESSA
4. Vacant assets are a new opportunity for savvy buyers
Over the last few years, medical assets have grown in popularity as both investors and owner occupiers capitalise on the increasing population. This has been a growth market off the back of not just pathology and general practice thanks to COVID-19 but also specialist services such sports medicine, cosmetic surgery and natural health services. Furthermore assets such as aged care and childcare which offer heavy government subsidies will also remain attractive. RADER
More experienced investors will look to capitalise on changing market conditions. Assets which are vacant or could be repositioned will be of interest to investors willing to get their hands dirty albeit at the right price.
2. Interest rate rises will see first time buyers exit the market We saw a large increase in first timers making their first foray into commercial real estate last year, seeking out higher returning assets to residential while moving up the risk curve. With financing likely to be more difficult over the next year the spread to yield will see these investors move back to other investment types.
3. Tenanted investments will remain in favour
Over the last few years we have seen the growth in “set and forget” assets transacting, as buyers look for long term, secure income streams. While yields may see some amendments, these assets will remain attractive to private investors, however, greater consideration is likely on their location and quality of lease covenant and terms such as rent reviews. Assets in regional locations or with nonnational, long term, tenants will see price corrections.
Ray White Commercial Are the days of recruiting experienced commercial property managers gone? We are all feeling the effects of the “great resignation” coupled with the fact that finding experienced commercial property managers was always a difficult task. So have we come to a point in time where a focus now needs to be placed on recruiting new people to the industry who have the right attitude and work ethic to get in and commence their career in commercial property management?
You only have to see the job advertisements on Seek with companies desperately trying to find an experienced commercial property manager and, from the feedback within our own network here at Ray White Commercial, these advertisements are often not even receiving a single application.
Property management business development executive
A focus needs to be placed on recruitment of those eager to try something new, and supported by a well planned onboarding process to ensure they are nurtured and educated to set themselves up for success in the wonderful world of commercial property management.
I believe that it’s incredibly important to create teams within the commercial PM space, and that the days of single portfolio managers are gone. In order to grow as a business and onboard inexperienced staff, they need to ensure the structure supports the training and development of these inexperienced candidates, but to also provide career progression and, on top of that, leadership opportunities for those experienced commercial managers.
LETEICHA WILSON
So what does that mean for us as an industry in order to continue our positive growth trajectory? I believe that now more than ever that we need to be restructuring our existing teams in order to bring on new inexperienced talent and develop them into our experienced commercial property managers of the future.
The great resignation has played a huge role in extracting candidates from our industry, however, on the flip side, employers are now identifying the fact that recruitment of experienced commercial PM’s is hard and a real focus has been placed on retention of existing staff – so people just aren’t moving around or willing to see if the grass is greener.
Now is the time to re-think the structure of your commercial property management team, and have a plan in place on recruitment of your next candidate – experienced or inexperienced?
THE SHIFT
6 | PORTFOLIO | Ray White Commercial
Ray White Commercial has identified the opportunity to onboard these types of candidates by having just completed a 10 week training series where over 40 attendees from across the Ray White group participated in weekly training sessions that covered the fundamentals of commercial property management. These sessions covered topics from onboarding landlords and tenants, to arrears, maintenance, compliance and vacating tenants and much more. The feedback was overwhelming as attendees have just fast tracked their knowledge and can head back into their office to implement what they have learnt.
PMCOMMERCIALONRECRUITMENT
(Ray White Group managing director Dan White, Director’s Cup winner Michael Willems, Ray White Group chairman Brian White, and Ray White Commercial head of agency operations Andrew Freeman)
RAY WINNERS2022CELEBRATESCOMMERCIALWHITEITSAWARD
THE RAY WHITE COMMERCIAL 2022 ANNUAL AWARDS WENT OFF WITH A BANG LAST NIGHT WITH MORE THAN 260 PEOPLE GATHERED ON THE GOLD COAST TO CELEBRATE THE TOP OFFICES AND INDIVIDUALS FROM ACROSS THE AUSTRALASIAN NETWORK.
“Once again the commercial network has shown its incredible strength throughout the last 12 months.
RAY WHITE COMMERCIAL HEAD OF AGENCY OPERATIONS ANDREW FREEMAN SAID HE WAS PROUD OF EVERY MEMBER AND THEIR ACHIEVEMENTS IN THE 2021/22 FINANCIAL YEAR.
“We achieved this by remaining flexible, adapting to changes, and continuing to learn from each other.
“It feels equal parts rewarding and humbling,” Mr Jolliffe said. “Being part of a group that’s 120 years old is the humbling part, and it’s rewarding because during an interesting time of economic history in Australia they’ve been able to achieve the results they have, and it’s a testimony to them.”
“By working together we will continue to climb closer to our Sydney-basedpotential.”Ray White Group managing director Dan White congratulated the commercial network on such a fantastic year. “It’s been a great year for the commercial team,” Mr White said. “I’m extremely proud of what we’ve done, and our continued growth.
“Congratulations to all the nominees, finalists and of course the winners, we are so fortunate to have you representing our commercial brand,” Mr Freeman said. “It’s wonderful to see everyone come together to celebrate the achievements and success of the past year.
“Our growth has been phenomenal in our 21st year, transacting an additional $1.5 billion of real estate compared to last year.
“When the market does lift like it did you grabbed the opportunity when it knocked.
“For everyone here who gave it everything last year and made the most of it, I salute you.”
8 | PORTFOLIO | Ray White Commercial
Ray White hotel and leisure experts HTL Property took out the award for top overall office for settled commission, while HTL Property director Andrew Jolliffe (pictured above) took out the award for top individual - settled commission.
The winner of the prestigious Director’s Cup, a prize awarded to individuals who have made a significant contribution to Ray White, went to Michael Willems of Ray White Commercial Gold Coast. Mr Willems was recognised for his role in supporting the growth of Ray White Commercial over almost three decades, and for his mentorship of newer agents rising through the ranks.
PORTFOLIO | Ray White Commercial | 9
“Thank you for all your support over the years and decades, and hopefully we’ve got a few more decades left in us.”
Top Salesperson - Settled Commission: Andrew Joliffe - HTL Property Top Salesperson - Number of Transactions: Scott Stephens - Ray White Commercial Sydney North Top Salesperson - Leasing: Scott Stephens - Ray White Commercial Sydney North Director's Cup: Michael WillemsRay White Commercial Gold Coast Top Office - Sales and Leasing: HTL Property Top Office - Leasing Commission: Ray White Commercial Sydney North Top Office - Number of Transactions: Ray White Commercial Northern Corridor PropertyGroup Management Growth - Revenue: Ray White Commercial Western Sydney Property Management Business of the Year: Ray White Commercial (WA)
Property Manager of the Year: Tushar Kumar - Ray White Commercial Glen PropertyWaverleyManagement Team of the Year: Ray White Commercial Northern Corridor AdministrationGroupTeam of the Year: Ray White Commercial Bayside Administrator/PA of the Year: Kim Little - Ray White Commercial Gold RisingCoast Star: Tali Stow - Ray White Commercial Adelaide Asset Management Rising Star - Projects: Alex Hillston - Ray White Lower North RisingShore Star - Property Management: Ashleigh Rosam - Ray White Commercial Ferntree CommunityGullyContribution
Award: Ray White Commercial Gold Coast
“It’s been almost 30 years and I’ve had so much fun and enjoyment,” Mr Willems said. “I have truly enjoyed working alongside the White family as well as (Ray White Surfers’ Paradise Group founders) Andrew and Greg.
Marketing Excellence: Ray White Commercial Western Sydney Marketing Excellence Print SpendIndividual: Mark Creevey - Ray White Special Projects QLD Excellence in Auction - Individual: Jackson Rameau - Ray White Commercial Gold Coast Excellence in Auction - Office: Ray White Commercial Gold Coast Business Growth - Individual: Aaron Canavan - Ray White Commercial Northern Corridor Group Business Growth - Office: Ray White Commercial Gold Coast
RAY WHITE COMMERCIAL AWARD WINNERS:
Mr Willems was recognised for his role in supporting the growth of Ray White Commercial over almost three decades, and for his mentorship of newer agents rising through the ranks.
Recent aviation statistics echo this sentiment with domestic passenger movements edging back up to preCOVID-19 levels, recorded at 4.52 million for the month of June, while up 92 per cent on the year, still behind the 5 million+ achieved prior to 2020. Internationally we are also seeing both inbound and outbound passengers growing, with May results hitting 1.3 million, slightly slower to get back to 4 million seen in January 2020. While the airline industry is having their own setbacks; staff shortages resulting in cancellations, delays, baggage issues demand to travel continues to rebound. These results are encouraging for our domestic hotel market, with most aviation travel being for domestic movements and inbound international passengers, giving our local tourism industry a much needed boost.
TOURISM’S LEVELSOCCUPANCYRAISEIMPROVEMENTSRAPIDHOTEL
10 | PORTFOLIO | Ray White Commercial
EVERYONE IS EITHER ON HOLIDAYS, OR KNOWS SOMEONE WHO IS, AT THE MOMENT AND, AFTER A FEW YEARS OF BORDER RESTRICTIONS, WE HAVE STARTED TO SEE A RAPID INCREASE IN BOTH INTERNATIONAL AND DOMESTIC TRAVEL.
Ray White Commercial
Remembering that across the country occupancy sits 68.9 per cent up from 38.5 per cent a year ago, while average daily room rates enjoyed a 22.3 per cent uptick back to above $230 per night. These ongoing improvements in occupancy and revenue together with improving international aviation and domestic travel statistics make it an attractive investment choice.
DEMAND TO PURCHASE HOTEL ASSETS HAS CONTINUED. OFFSHORE BUYERS HAVE BEEN ACTIVE INVESTORS INTO THE AUSTRALIAN TOURISM MARKET, HOWEVER, AFTER A COUPLE OF QUIET YEARS FOR THE ASSET CLASS, INVESTMENT IS TIPPED TO PICK UP.
The improvement in hotel occupancy has been outstanding over the last 12 months, key winter school holiday tourism nodes of Darwin and Cairns saw occupancy grow to 83.5 per cent and 82.8 per cent respectively after only just achieving over 50 per cent in July 2021. This resulted in strong increases in ADR of over 24 per cent for each market to $294 per night in Darwin and $263 per night in Cairns. Canberra continues to recover as government activity levels return to pre-COVID-19 levels, together with the burgeoning tourism drive market, resulting in occupancy now 80.3 per cent after sitting at 22.4 per cent just 12 months ago, with ADR up 27.8 per cent to $223 per night. Despite the cooler weather, Gold Coast and Brisbane also recorded strong occupancy increases which saw room rates grow by as much as 25 per cent over the same period, with this mar et benefiting from holida ers as well as those isiting friends and famil and the business and conference sectors Sydney was the stand out performer for daily room rate growth, up by 34.7 per cent to $241 per night despite occupancy still one of the lower of Australian markets at 66.2 per cent. Further recovery in business travel is needed to improve both Sydney and Melbourne vacancy rates which will in turn boost RevPAR levels.
12 | PORTFOLIO | Ray White Commercial ELENI NOTARAS
Ray White Commercial Canberra Director Property Management TO
GET
KNOW
I enjoy spending time with my family and friends, arranging gatherings that usually revolve around a home cooked meal, or catching up for dinner and drinks after a hard day at the office. I get away for some down time to our family holiday home on the South Coast of NSW, and like to travel when the opportunity presents itself. I’m an avid reader of non-fiction and like to potter around at home and in the garden weather permitting.
While our industry is still heavily dominated by men, they are extremely welcoming and supportive of women in the field. I’d say don’t be put off as it is a fabulous and rewarding career where you meet many people from all walks of life, and there is an amazing opportunity for career advancement and diversity.
As a woman working in commercial real estate, what advice would you give to other women getting into the field?
PORTFOLIO | Ray White Commercial | 13
When you’re not working hard as an agent, what do you like to do in your spare time?
The commercial real estate industry itself is vast and varied so there are many career paths that you could take depending on your personality, skills and dreams. There is never a dull moment and you need to know a lot about a wide range of topics, and a little about even more. As a commercial property manager no two days are ever the same. While there are routine tasks to perform every week or month, the rest of the time you’re responding to what might be happening at a property on any given day. This might be negotiating a new lease with a tenant, arranging repairs and maintenance, building compliance or even refurbishment and upgrades. Also working in commercial real estate has given me the opportunity to broaden my horizons working with other industry specialists in my role as a Division Council member of the Property Council of Australia, ACT Division. There are many advocacy opportunities in a range of industry associations that adds a level of involvement and professional development to anyone who wants to take part. Did you have any previous careers?
There are many women in leadership roles who would be happy to support and mentor more women into the industry.
It’s a highly skilled industry with continuing professional development a key component of every aspect so you’re always learning and developing both personally and professionally.
I started in residential property management helping in accounts, reporting and anything that was required really. The team was all women and they were very welcoming and keen to teach me what they knew as they were always busy and happy with any help they could getnothing’s changed in that regard really. I was out of the industry for some years when I worked in my ‘other profession’ before returning to the commercial side as a property manager, again working in the family business part time when my children were small. Eventually when they were all at school, I started working full time for the ACT Government in their land release program for a couple of years before transitioning to a full time commercial property management role.
How did you first get into real estate/ commercial real estate?
What do you enjoy most about working in commercial real estate?
Would you believe I’m a trained fashion designer and dressmaker with qualifications in Textiles from ANU Art School, and Art and Fashion from the Canberra Institure of Technology. I worked in the industry for years for local designers and dressmakers, and even did work experience for Australian brands Anthea Crawford and Maggie Shepherd.
I’ve been around real estate my whole life as my father was a residential agent when I was a child, who then made the change to commercial real estate during my teenage years. He then opened his own agency where I worked part time while I was completing my tertiary study. In addition to the business he was always investing so it was something that I just grew up with.
IN PARTNERSHIP
CAPITAL TRANSACTIONS REPRESENTS A STEP FORWARD FOR THE COMMERCIAL REAL ESTATE AMBITIONS OF AUSTRALASIA’S LARGEST PROPERTY GROUP. WITH THE WHITE FAMILY, RAY WHITE COMMERCIAL CAPITAL TRANSACTIONS IS HEADED BY SUCCESSFUL AND EXPERIENCED COMMERCIAL AGENT, IAN HETHERINGTON, AND SUPPORTED BY A TALENTED TEAM OF REAL ESTATE PROFESSIONALS.
14 | PORTFOLIO | Ray White Commercial RAY NEWBUSINESSEXPANDSTRANSACTIONSCAPITALCOMMERCIALWHITEINTOMARKET
THE LAUNCH OF RAY WHITE COMMERCIAL
Based in Sydney, the business will focus on the east coast office markets including Sydney. Brisbane and Melbourne.
SIGNIFICANT
“I’ve been doing this for 35 years, I started in commercial doing feasibility analysis and land valuations before moving into selling industrial investments,” Mr Hetherington said.
Working in commercial real estate since 1988, Sydney-based Mr Hetherington brings to Ray White Commercial a track record of success and extensive relationships in the most significant commercial market in Australia. Some of Mr Hetherington’s notable deals include the sale of 80 Collins Street, Melbourne, which sold for circa $1.5 billion, and 1 Bligh Street, Sydney, which sold for circa $400 million.
“In 2008 I decided I achieved all I could in industrial and moved into selling commercial assets.
Ray White Commercial Head of Agency Operations, Andrew Freeman, said the team at Ray White Commercial Capital Transactions were a wonderful addition to the business.
“Ian and his team joining the Ray White Commercial will connect a lot of our business units across the east coast, and we’re excited to bring their expertise into our business.”
Australia’s leading office fund managers, Investa, for the past five years.
Mr Hetherington said he was excited for his team to hit the ground running in the first 12 months.
Ray White managing director Dan White said he was looking forward to strengthening our commercial business with the extensive knowledge of Ian and his highly dedicated team.
Mr Hetherington is joined by team members Ursula Hunt and David MsCunningham.Huntjoins
“We want to provide a high level of service, strong results, and maintain trusted advisor status for our long-term clients.”
“We’ve seen a number of cycles throughout our careers and we’ve built up long-term relationships,” he said.
“To have such a successful and skilled team join us, with a complete focus on providing value in the sales process to long-standing clients, is a very exciting opportunity for the entire group,” Mr White said.
“Over his lengthy career in the commercial markets, Ian has built an outstanding reputation for strong results,” Mr Freeman said. “His proven track record is why clients continue to work with Ian through these significant transactions.
“In recent years I’ve been focused on the commercial market office space, and am very proud to have built longstanding relationships with the most active institutional and private commercial investors across Australia.”
PORTFOLIO | Ray White Commercial | 15
Ray White Commercial Capital Transactions as a qualified lawyer who has been working at AMP in the capital transactions team. She has worked on some of Australia’s biggest acquisitions and disposals across a range of assets, including the sale of a 50 per cent stake in Sydney’s Macquarie Centre.
Mr Cunningham joins Ray White Commercial Capital Transactions after working as a senior analyst at one of
“I think a lot of people are being a bit cautious, so we’re seeing the more professional investors out there who have been waiting for the market to change.”
Mr Vines said he was seeing some uncertainty in the market as buyers and sellers chose to “wait and see” what happened as interest rates rise.
Ms Rader asked Mr Bougoukas what the alternative finance space looked like as the market began to move.
16 | PORTFOLIO | Ray White Commercial EXPERTS LOOK THEBETWEENLINES MARKETPROPERTYCOMMERCIALAT MORE THAN 500 PEOPLE TUNED IN TO WATCH RAY WHITE COMMERCIAL’S BETWEEN THE LINES LIVE WEBINAR TODAY TO LEARN ABOUT THE FUTURE FOR COMMERCIAL ASSETS IN A RISING INTEREST RATE ENVIRONMENT. THE SESSION WAS HOSTED BY RAY WHITE HEAD OF RESEARCH VANESSA RADER WHO WAS JOINED BY RAY WHITE COMMERCIAL WESTERN SYDNEY MANAGING DIRECTOR PETER VINES AND WHITE & PARTNERS EXECUTIVE DIRECTOR STEVEN BOUGOUKAS TO DISCUSS THE STATE OF THE COMMERCIAL MARKET IN CHANGING ECONOMIC TIMES, HOW LENDING MAY CHANGE IN A NEW CLIMATE, AND THE OPPORTUNITIES WITHIN THE RISING INTEREST RATE ENVIRONMENT.
“There is still a lot of money out there, and borrowers are comfortable with going to a non-bank lender - they are competitive, flexible and it is readily available,” Mr Bougoukas said.
“Whenever there’s major changes in the market it’s always a ‘wait and see’,” he said.
“At the moment there’s a big divide on where vendors might be and where sellers are.
“I also like to look where others don’t, like B and C grade offices where there might be less people in the market.
“I am pretty bullish on residential apartments. I think some developers have paid too much for land and with expensive construction costs and rising interest costs, they will look at their site and decide to move it on.
“We have been active in the childcare centre space, given all the government subsidies and backing on it, it makes a lot of sense,” Mr Bougoukas said. “We have also been active in the pub and hotel space, it is a deep market of buyers and sellers. These types of assets are very attractive to investors.
“So some developers could buy at a better price and look to the future of that residential development market.”
It’s still a very tight market but that’s where I see opportunity in the future,” he said.
“You may also be able to get favourable terms in the market at the moment. You’ve got to buy today where you see opportunity down the line.
“Speed to market is particularly important for buyers. You need to act fast on good property opportunities, which is where we can Whilehelp.”uncertainty remained in the market for office and retail spaces, according to our experts, there would be huge opportunities in the residential development space and in alternative investments such as childcare.
“I think land is where the opportunity will be.
“I also see opportunity in vacant assets with the opportunity to value add. These are attracting interest from more experienced Stayinvestors.”tuned for our next Between the Lines Live webinar on 20 September.
Mr Vines said he believed it also paid to look where other investors weren’t.
PORTFOLIO | Ray White Commercial | 17 “We are one of those players in the market, and we have grown exponentially. The banks will always be there but we are seeing more and more people come to us.
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•Locatedinahighgrowtharea•Solarpower•Netincomeof$54,432*perannum•Incomefrom3xtenants•172m2commercialtenancyand2x96m2residentialunits•816m2*freeholdallotment ChrisMassieaaron.canavan@raywhite.com 0412490840 chris.massie@raywhite.com FREEHOLDCOMMERCIAL&RESIDENTIALINVESTMENT 89ArcherStreet,WoodfordQLD EXPRESSIONSOFINTEREST ClosingThurs22Sept,4pm raywhitecommercialnortherncorridorgroup.com.au AaronCanavan 0447744948 *Approx
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david.highman@raywhite.com INDUSTRIALWAREHOUSESDUEFEB2023 62InglestonRoad,TingalpaQLD SALE/LEASE raywhitecommercialmilton.com.au DavidHighman 0488109768•ExternalCCTVmonitoring•Containerheightelectricrollerdoors•Securegatedcomplex•Clearspan,concretetiltpanel•Sizesfrom243sqm-757sqmwarehouses+corporateoffice •DuctedA/C•3Phaseindividuallymeteredsupply•LEDhighbaywarehouselighting•Solarready-exclusiverooftopusefor•Min8minternalwarehouseheightdirectsolarinstallation
mark.wynhoven@raywhite.com PRIMELOCATION-PRIMEDEVELOPMENTSITE 87-89PerthStreet,RangevilleQLD OFFERSTOPURCHASE Offersfrom$1,700,000.00 raywhitecommercialtoowoomba.com MarkWynhoven 0434190856councilonamultilevelopportunity)residentialproject.(discussionsheldwithcommercial/residentialorastraightthispropertycancaterforawidestreetfrontage&multipleentrancesWithpicturesqueviewsoverLakeAnnand, •IMavailableonrequest•Allopportunitiesconsidered.•Disabledaccess&facilities•Practicalkitchen,cold&freezerroom•Holdingincomeavailable•2387m2*landsize&530m2*NLA *Approx
OutlineIndicativeOnly len.greedy@raywhite.com HIGHPROFILESUNSHINECOASTLOCATION 701NicklinWay,CurrimundiQLD AUCTION Thursday6thOctober11am,InRooms,SunshineCoastFunctionCentre raywhitecommercialcaloundraandsunshinecoastsouth.com LenGreedy 0401691807•OffStreethardstandparking•Tightlyheldinprimelocation•36mtr*streetfrontage•LandArea:1093m2* •Futureredevelopmentpotential•Reception,officesandworkshop•Highvolumeofpassingtraffic *Approx
Priceon Application raywhiteindustrialsouthwest.com.au 34MonashRoad,LoganleaQLD BRANDNEWCHILDCARE-EDENACADEMY SALE LukeWray 0402042171 luke.wray@raywhite.com •Income:$3000/placebasedon100places •$300,000p.a.net+GST+Outgoings •LeaseTerm: 20years+10years+10years •Outgoings100%paidbythetenant •3% fixed increases •Marketreviewat option raywhiteindustrialsouthwest.com.au 36-38NestorDrive,MeadowbrookQLD TILTPANELNATIONALTENANTINVESTMENT SALE JaemsBalfour 0411404249 j.balfour@raywhite.com •BuildingSize:1,125sqm •LandSize:2,000sqm •Agrade tilt panelfacility •Clearwarehousearea •Returning$126,915Net+GST •Corporate office andshowroomarea •Locatedinsought after Meadowbrook Estate LachieHale 0414911099 lachie.hale@raywhite.com
InformationMemorandumAvailableOnRequestIpswichMotorway,CentenaryHighwayandLoganMotorway.Buildingsrangeinsizefrom50sqm*to600sqm*.Fabulouslocationofferingeasyaccesswhichwillbringsomemuchneededandsoughtaftersmalltomediumsizedstocktothearea.SituatedontheboundaryofRichlands&Wacolisthisexcitingnewindustrialdevelopmentto raywhitecommercialtradecoast.com 21BandaraStreet,RichlandsQLD RICHLANDS-26NEWINDUSTRIALWAREHOUSES SALE/LEASE JaredDoyle 0408160570 jared.doyle@raywhite.comJackGwyn 0424807166 jack.gwyn@raywhite.com *Approx ArtistImpression ContactAgent raywhitecommercialtradecoast.com 317StaffordRoad,StaffordQLD OPPORTUNITYFORHEALTHCAREPROFESSIONALS LEASE FranzStapelberg 0430655676 franz.stapelberg@raywhite.com •Hospitalgradelifts&Disabilityaccess•Signageopportunities•Amplecarparkingonsite•Flexibleoptions100sqm*-1,835sqm* •DAapprovedforcompletionQ42023*•Unparalleledexposure•CloseproximitytoPrinceCharlesHospital&NorthWestPrivateHospital NickRooney 0404921212 nick.rooney@raywhite.com *Approx
•$27,600pa+GST•123sqm*•Onsiteparking•Retailshop/showroom/warehousestorage•Perfectpositionforyourbusiness•Highprofilecornerlocation raywhitecommercialcairns.com 2/156AumullerStreet,BungalowQLD LOCATIONANDVALUE LEASE GrantTimmins 0422534044 HelenCrossley 0412772882 *Approx raywhitecommercialcairns.com 30MinnieStreet,CairnsCityQLD PROFESSIONALOFFICEBUILDING-9BCERTIFIED SALE/LEASE HelenCrossley 0412772882 helen.crossley@raywhite.com •Onsiteparking•FringeCairnsCBD•2streetfrontage•Dual-levelofficebuilding •Sale$1.3m-$1.5m•Lease$99,000pa+GST•367sqm*netlettable•Landarea405sqm* GrantTimmins 0422534044 grant.timmins@raywhite.com *Approx •$85,000pa+GST+Outgoings•85sqm*•Equippedandwaitingforyourlogotoshine•Oppositethelagoonandreefcruiseterminal•RareEsplanadevacancy•Cafe/Restauranttenancy raywhitecommercialcairns.com 4/53-57Esplanade,CairnsCityQLD CAIRNSESPLANADEMAGIC LEASE HelenCrossley 0412772882 SusanDoubleday 0408038380 *Approx
ArtistImpression ExpressionsofInterestinoneofBayside'sfastest-growingsuburbs.spaceisarareopportunitytosecureafoothold253sqm*brandnewandattractivecommercialamenitiesand8residentialtowers,thismasterplannedcommunitywith6-stardevelopedLagunaWaters,partofaSituatedonthegroundfloorofthenewly raywhitecommercialbayside.com 1/219-221BloomfieldStreet,ClevelandQld NEWSTRATAOFFICE SALE JonathonBurrowes 0421383668 NathanMoore 0413879428 *Approx Outlineindicativeonly $1,449,0002023.stockmovement.CurrentlyleasedtoMarchwithmultiplerollerdoorsforeasyvehicleandhasaluminiumframedglassdoorsandwindows,areaforatotalGFAof180sqm*.cladindustrialbuildingandattachedbrickoffice1,337sqm*allotmentwithasingle-levelmetalThestructureGST'GoingConcern'provisionsapply. raywhitecommercialbayside.com 237SouthStreet,ClevelandQld INDUSTRIAL/WORKSHOP SALE NathanMoore 0413879428 *Approx Outlineindicativeonly ExpressionofInterestoccupier)forupto12monthspost-settlement.back'totheSeller'stradingbusiness(currentfencedrearyard.Offeredforsalewitha'leaseSiteincludesalargesealedhardstandanda187sqm*ofGFA+awningareaof148sqm*.ahighprofilecorner.911sqm*'PrincipalCentre'zonedallotmentonExistingbuildingsprovide raywhitecommercialbayside.com 113RussellStreet,ClevelandQld OCCUPY,INVEST,DEVELOP SALE NathanMoore 0413879428 Outlineindicativeonly ExpressionsofInterestfitout,thisunitwouldmakeanidealCorporateopen-planmezzanineofficeincludingstylishfunctional,privatemeetingroomsandandirectfromthewarehouse.With2fullyaccessviaglassentrydoorsorinternaldoorcontainer-heightrollerdooraccess.Openwarehouse/storagefacilitywithelectricPedestrian raywhitecommercialbayside.com 4/17-19LennoxStreet,RedlandBayQld MODERNINDUSTRIALUNIT SALE NathanMoore 0413879428
•Vacantpossession•Closeproximitytolightrail&trainnetwork,ParramattaRoadandLeichhardtVillage•ZonedB4MixedUse^•Cornerpositionoflandmark'LeichhardtGreen'developmentbyGreenlandAustralia•Brandnewgroundfloorretailopportunityina224apartmentcomplex•Internalareaof127sqm* SamuelHadgeliasleslie.li@raywhite.com 0403254675 shadgelias@raywhite.com BRANDNEWCORNERRETAILOPPORTUNITY Shop1/22GeorgeStreet,LeichhardtNSW EXPRESSIONSOFINTEREST ClosingThursday22September2022at3pm(AEST) raywhitecommercialsc.com Leslie(Yifu)Li 0403261752 *Approx^SubjecttoCouncilApproval
•Offeredasagoingconcern•MinutestoMartinPlace,PittStreetMallandCircularQuay•DirectundercoveraccesstoWynyardStation•Premierstratabuildingwithimpressivelobbyandsixrefurbishedlifts•Northfacingsuitewithexcellentnaturallight•Officefloorareaof54sqm* Leslie(Yifu)Lishadgelias@raywhite.com 0403261752 leslie.li@raywhite.com PREMIUMCBDSTRATAOFFICEOPPORTUNITY 602/109PittStreet,SydneyNSW AUCTION Tuesday20September2022at10:30am-auctionWORKS,50MargaretSt,Sydney raywhitecommercialsc.com SamuelHadgelias 0403254675 *Approx
^Approximatelyreadytoaccommodatearangeofprospectiveuses(STCA).across2floorsprovidesforaspacious,functional&extremelywellappointedspaceofadeparturefromgenericcommercialofferings.AtastefullyexecutedrenovationThisexceptionalspacepresentsararepremiumleasingopportunityforthoseinsearch lee.follington@raywhite.com CHICBOUTIQUESPACEINTHEHEARTOFNEWCASTLE CBD 356HunterStreet,NewcastleNSW LEASE 220m2^ raywhitecommercialnewcastle.com LeeFollington 0417443478
•Rearlaneaccesstoparkingforupto9cars•Modernbathroomwithshower&extratoilet•Fullsizekitchen/lunchroom,largebasementstoragearea•Glassfrontagewithreception&waitingarea•Landarea267sqm*,developmentupside(STCA)•407sqm*(totalinternal/external)retail/office a.santelli@rwcss.com RETAILORCOMMERCIALINAVIBRANTVILLAGEHUB 158LonguevilleRoad,LaneCoveNSW SALE ViewByAppointment raywhitecommercialsouthsydney.com AlexSantelli 0403104146 *Approx
•Well-positionedonaprimecornerinthecentreofNeutralBayVillage,adjacentto•EstimatedGrossincomeof$319,185perannum+GST*approximately.•4Separatetenanciesinplace•33m*streetfrontagetoMilitaryRoadandYoungStreet•BuildingArea-356sqm*WoolworthsSupermarketandCouncilCarpark LoganGrisaffescott.stephens@raywhite.com 0403916433 logan.grisaffe@raywhite.com MULTI-TENANTINVESTMENT 162-164MilitaryRoad,NeutralBayNSW AUCTION 27September2022 raywhitecommercialnswsydneynorth.com ScottStephens 0409960006 *Approx
Priceon Application 72CronullaStreet,CronullaNSW FANTASTICFREEHOLD LEASE BradLord 0439594121 •230m2*ofprimeCronullaStretail •Outstanding location at junction of'The •Fourcarparkingspacesatrear Priceon Application raywhitecommercialnswgss.com 78CronullaStreet,CronullaNSW EXPOSUREYOUCANBANKON LEASE BradLord 0439594121 blord@raywhite.com •UnbeatableexposuretoCronullaStreet •258m2*of lettable areaplusampleparking •Locatedon busiest junction ofCronulla Street •AvailableDecember2022 *Approx
Outlineindicativeonly •Servicestationwithlargerestaurantarea&longlease•50and80paxrestaurant,managersquartersand6unitmotel•Ownercommittedtodeadlinesale•VarietyofpotentialusesSTCA^(RetirementLiving,Residential,FoodPrecinct)•HighexposurepropertylocatedalongtheMonaroHighway•6.6Hasite DougMerrimanben.faulks@raywhite.com 0419999001 doug.merriman@raywhite.com MIXEDUSEDEVELOPMENT^ 1RyrieStreet,MichelagoNSW SALE raywhitecommercialcanberra.com.au BenFaulks 0432028645 ^SubjecttoCouncilApproval
•Commercial1Zone(C1Z)•FavorableLeaseTermsAvailable•AirConditioning•Kitchenette•WalktoTrains•TotalBuildingArea233sqm• BreeTaylormitch.rosam@raywhite.com 0438424807 bree.taylor@raywhite.com VERSATILEPROPERTYINBUSYLOCATION 85StationStreet,FerntreeGullyVIC LEASE ContactAgent raywhitecommercialferntreegully.com MitchRosam 0402355805 *Approx
•Commercial1Zone(C1Z)•WalktoHeatherdaleStation•ProminentLocation•Kitchenette•AirConditioning•TotalBuildingArea100sqm• MitchRosambree.taylor@raywhite.com 0402355805 mitch.rosam@raywhite.com PROMINENTGROUNDFLOOROFFICE 2/17HeatherdaleRoad,RingwoodVIC AUCTION Onsite22/09/202211:00amAEST raywhitecommercialferntreegully.com BreeTaylor 0438424807 *Approx
•Commercial1Zone(C1Z)•Developmentpotential(STCA)•Significantrentalupside•Rentperannum:$30,914.00plusGSTandOutgoings•TotalLandArea476sqm••TotalBuildingArea173sqm• PaulWaterhousemitch.rosam@raywhite.com 0417660153 paul.waterhouse@raywhite.com SIGNIFICANTRETAILINVESTMENTWITHRESIDENCE 1541BurwoodHighway,TecomaVIC AUCTION Onsite28thofSeptemberat11:00amAEST raywhitecommercialferntreegully.com MitchRosam 0402355805 *Approx
PriceUpon Application raywhitecommercialdistonassetservices.com 52PalmerstonRoadEast,RingwoodVIC RENOVATEDFACTORY/WAREHOUSEANDYARDAREA LEASE Brett Diston 0439365532 brett.diston@raywhite.com •Zoning| Industrial 1 • Land area| 931sqm* • Building area| 480sqm* • Yard area| 210sqm* •Frontageof20 metres • Office areas+ side access • Recentlyrefreshed •Close proximity to major arterials Cameron Barber 0431176786 cameron.barber@raywhite.com *Approx raywhitecommercialdistonassetservices.com 3HeatherdaleRoad,RingwoodVIC LANDTHISONE EXPRESSIONSOFINTEREST Brett Diston 0439365532 brett.diston@raywhite.com • Land area| 2,874sqm* •Zoning| Activity CentreZone • Exposure to WhitehorseRoad / Maroondah Hwy •Flexiblelease terms available • Easy accessto major arterials •Walking distance to HeatherdaleStation *Approx
•Zoning-MixedUseCommercialCentre•Totalnetannualincome=$72,941.55p.a.plusGST•Totalsitearea1710sqm*•Totalgrosslettablearea595sqm*•3qualitytenantscomprisingMedicalCentre,JapaneseRestaurantandDoggyDayCare. matt.lazarus@raywhite.com MIXEDUSECOMPLEX 930-936SouthRoad,EdwardstownSA SALE ByNegotiation raywhitenorwood.com.au RLA278530 MattLazarus 0430745100
•Significantfuturedevelopmentpotential•ZonedSuburbanBusiness•3xstreetfrontagesfromHackneyRoad,WestburyStreet&KebleLane•3xcertificatesoftitle•Strategiclandholdingof1,990sqm*•TotalPassingNetincomeof$309,728.65 DerekLeematt.lazarus@raywhite.com 0488465360 derek.lee@raywhite.com PRIMECITYFRINGEINVESTMENT 17-23HackneyRoad,HackneySA SALE ByNegotiation raywhitenorwood.com.au RLA278530 MattLazarus 0430745100
•Improvementsincludeeatingareawithservicecounter,fullyequippedspotless•Currentnetincome$35,000pa(monthlytenancy)•Lettableareaapprox.126squaremetres•Valuableonsiteparkingwithrearlaneaccess.•VerymodernfreestandingVietnamesecafekitchen,amenities,storageroomandcarport. ian.lambert@raywhite.com EXCELLENTINVESTMENTOROWNER/OCCUPIER OPPORTUNITY 321PortRoad,HindmarshSA SALE PublicAuction.Wednesday21September11amonsite raywhitecommercialadelaideassetmanagement.com.au RLA225073 IanLambert 0413155665
ArchitecturallydesignedbySheppard&Routandenergyefficient. area.themainarterialroutes.spectacularviewsacrossAddingtonRaceway.of575m2*and351m2*.AddingtonRacewayBusinessParksurrounedbyqualitytenants.OfficespaceavailableWelllocatedintheTheareasarelightandbrightwithsomeofficeshavingGreatprofileandwellpositionednearAdvantagedbygenerousonsitecarparkingavailableforeachAllofferedataverycompetitiverentalrate. paula.raine@raywhite.com SMARTOFFICES+AMPLEPARKINGNEXTTORACEWAY 114WrightsRoad,Addington,ChristchurchCanterbury LEASE ByNegotiation+GST+outgoings www.rwcchristchurch.co.nz RayWhiteCommercial(Christchurch)-RaineBlackadderLtd-Licensed(REAA2008) PaulaRaine +64272214997 *Approx
onsitecarparks.Desirablecityfringelocation.passingrental$638,240.17pa*+GST.Largelandareaof4,336m2*providing82*PortHills.WellleasedtomultinationalfintechcompanyFISandVodafone.obtainsspectacularviewsovertheparklikesettingofAddingtonRacewayanduptothebuildingof1,927.30m2*isenergyefficient,highspec'dwithflexiblefloorplatesandFullyleased,contemporary,standalone,A-gradeofficebuilding.Thisprestigious3levelTotal paula.raine@raywhite.com INVESTMENT-AREALFRONTRUNNER! 130WrightsRoad,Addington,Christchurch,Canterbury SALE ByNegotiation+GST(ifany) www.rwcchristchurch.co.nz RayWhiteCommercial(Christchurch)-RaineBlackadderLtd-Licensed(REAA2008) PaulaRaine +64272214997 *Approx
24 | PORTFOLIO | Ray White Commercial WE MANAGE ChildcareCentresRetail WarehousesIndustrial/ PrecinctsMedical Pubs ShoppingCentres Offices Service RecreationalStationsFacilitiesDearlershipsMotor Food Showrooms/BeverageandBulkyGoods$ RAY WHITE COMMERCIAL KNOW PROPERTY MANAGEMENT Utilising the most up to date technology to ensure your investment is always performing at its optimal level Over 10,000 tenancies managed across Australia and New Zealand Over 140 property management specialists, supported by over 350 industry-leading commercial agents in over 49 locations across Australasia
