Ray White Portfolio Magazine - February 2023

FEBRUARY 2023

COMMERCIAL CONSTRUCTION LAGS WITH FINANCE COMMITMENTS

HOW WILL ELECTRIC VEHICLES REALLY AFFECT SERVICE STATIONS?

FROM LAWYER TO COMMERCIAL PROPERTY DIRECTOR

Hello,

We are excited to bring you our monthly edition of Portfolio Magazine for February 2023, launching a brand new look.

In this edition, we take a look at what’s happening in the commercial real estate market in 2023. With continued rate rises, Australia saw some changes to the market in 2022, but one “set and forget” asset continues to catch the eye of investors. Building approvals were trending upwards for commercial sectors at the end of 2022, showing some encouraging signs for the year ahead.

We also get to know some of our agents and directors, who all come from a diverse range of backgrounds, but all now share the same passion commercial real estate.

Portfolio Magazine also features a range of current opportunities for sale and lease across Australia and New Zealand. Please get in touch with your local Ray White Commercial agent to learn more about how you can take advantage of this ever-changing world of commercial real estate.

ANDREW FREEMAN HEAD OF AGENCY OPERATIONS

QUICK JUMP TO A REGION

VANESSA RADER

In 2022 we saw Australian commercial sales transaction levels decline as interest rates increased, seeing a number of buyers exit the marketplace. As a result, there has been some revision in yields given this growing cost to finance as well as limited rental growth expectations across most commercial asset classes. While volumes have been trended down for major asset types such as office, retail, industrial, and even development sites, there have been some categories which continue to grow in attractiveness including service stations.

There has been an increased appetite for service station assets since 2011. Since this time we have seen regular portfolios of tenanted assets come to the market generating interest, predominantly from the private investor market, continuing to set new record lows in investment yields. These assets were typically considered attractive given their long, secure leases, often to multinational groups, making them the ultimate “set and forget” asset. Their main road and corner locations, which make their development potential high (after remediation, creates possible exit strategies for owners.

Over the last few years, these assets have evolved to include greater food and convenience offerings, growing the average custom time as the demand for electronic charging was anticipated to change the way in which service stations were interacted with. Furthermore, the rise of EVs continues to raise questions as to the longevity of the asset class all together. With 3.4 per cent of new car sales to September 2022 being EVs (or hybrid) according to the Electric Vehicle Council, this represents a 65 per cent increase on 2021 results. This highlights good growth, albeit Australia continuing to lag behind much of the world. In addition, the slow delivery of vehicles, limited fast charging facilities, and overall rising cost of energy, are yet another roadblock in the rapid rollout of these vehicles which currently only account for an estimated 0.3 per cent of the total registered vehicles on Australian roads.

With this in mind, the future for service stations continues to look secure and their stable income streams remain attractive to savvy buyers. In 2022 we recorded transactions of over $1 billion across Australia, up 52 per cent on last year’s result.There continues to be interest from experience investors, developers, and private syndicates, who are looking to take advantage of the corrections in yields, as many first time buyers who were instrumental in lowering yields over the past few years have now left the market.

Overall, 2022 yields have averaged 5.9 per cent within a broad range from as low as 3.9 per cent upwards to 10 per cent. This is an increase on 2021 results, fuelled by low interest rates, where the average sat at 4.4 per cent for metropolitan assets while regional assets averaged 5.1 per cent. This correction is likely to see the need for some owners to bring their assets to

the market which will add to the portfolio transaction activity anticipated in 2023.

As for the future of the service station asset, their need will continue into the long term. While groups such as Ampol and BP start to offer fast charging stations within their establishments, this pivot is indicative of new services available to the driving community, not the demise of the service station. With the most rapid charging still taking at least half an hour, the need for comfortable and enticing food, retail and entertainment options within service stations will grow, continuing the evolution of what these assets look like. However, as petrol vehicles are expected to continue to make up the large majority of vehicles over the next few decades, service stations are here to stay and will continue to be attractive investment options for investors.

ANDREW BURKE RAY WHITE SPECIAL PROJECTS

I think I was about 12 or 13 years old and my holiday job was to push trolleys at the old Brisbane International Airport. They gave me a key to go in and out of customs to deliver trolleys, no security clearance or pass, no questions asked in those days!

WHAT WAS YOUR FIRST JOB?

STEPHEN HARRISON RAY WHITE COMMERCIAL WA

I was a labourer on Saturdays for a local builder, mostly digging and moving rubble. I was 12 years old and got paid $10 an hour. I thought I was so rich.

JOSEPH ASSAF RAY WHITE COMMERCIAL WESTERN SYDNEY

My first job was as a waiter at a local Parramatta Italian restaurant with seating capacity of 300 patrons. It was at the age of 16 years.

LUKE BOULDEN RAY WHITE COMMERCIAL GOLD COAST

My first job was at Toys R Us working in ‘ticket’ at about 14 years old. I worked building the bikes, electric cars, jumping castles etc and then selling them on the floor. I can confirm we did ride (race) the razor scooters around the store after the doors closed.

While all our agents share a passion for commercial real estate, they come from a range of backgrounds. From trolley collector to toy tinkerer, our agents’ first jobs eventually led them down the same path to land here at Ray White Commercial.

FROM LAWYER TO COMMERCIAL REAL ESTATE DIRECTOR: GET TO KNOW RUBY ROZENTAL

Ruby Rozental is the director at Ray White Commercial Western Sydney alongside her husband Peter Vines. While Peter is out doing deals, Ruby runs the operational side of the business - one of Ray White’s top performing commercial businesses. Let's get to know her.

Tell me a bit about your background and how you started your career in real estate?

Prior to joining the Ray White network I was a property/M&A lawyer for around 17 years. I worked both in-house and at large and small law firms. I started my own small firm after my first child was born, wanting some autonomy around my working hours and freedom from the stress of billable hours. The opportunity to join Ray White arose just after our second child was born, as Pete was growing restless in his role with a big corporation and I was wondering how to resurrect my client list after another stint of maternity leave. Our 'recipe' was almost a sure thing - he had a great reputation as a commercial agent in Western Sydney and strong client relationships, and I had the operational and legal skills to manage the business side. We haven't looked back.

What do you enjoy most about your role, in the commercial sector, and as a business owner?

I am grateful to have made the leap from law to a career centred around people - whether they be our staff or our clients. I enjoy immensely crafting a work environment and a business that has a strong focus on building a culture of kindness, caring and reciprocity - whether that is with our staff, our environment, or our clients. Of course we also encourage a heavy dose of killer instinct when it comes to getting deals done. However, I am

genuinely inspired by the people I work with everyday. Each of them has personal and professional goals that they strive for and I'm privileged to be a part of helping them all get where they are going.

As a woman business owner in the commercial sector, what do you think is the importance of mentorship for other women in the industry?

You just have to love women! And what's not to love? I think mentorship happens naturally when you have women in leadership positions. It is a sad reality that 'women leaders' are still outliers in our society. And even sadder that people usually hire/champion people that are like them. So if women aren't in leadership positions, how will they hire the next generation of female leaders? That's a hard one. It's going to take quite a few brave men to champion the active promotion of women into leadership positions, and a few outstanding women to stand up and demand them, before we can actually set the stage for decent mentorship. On a personal level, I am just raw, honest and direct with the women I work with. I guess they know me as a business owner, as a mum, as a human and as a pretty smart and tough lady, but I also show them that I get stuff wrong, that I can laugh at myself and that I can apologise.

When you're not helping to run the business, what do you like to do in your spare time?

Well, we started the business 3.5 years ago and there were just four of us - now there are 27! So I haven't had much spare time lately. I am hoping this year is different. So I declare that in 2023 I will read lots, garden, and pickle strange things.

VANESSA RADER

CONSTRUCTION ACROSS COMMERCIAL MARKETS

COMMITMENTS FALL

The latest ABS data release on building approvals has recorded some encouraging results for commercial sectors, up 2.0 per cent for November 2022 in contrast to residential dwellings which have shown a 4.0 per cent decrease in terms of value, seasonally adjusted. Industrial and office/retail assets are showing good growth when looking at the original data series, however, when coupled with the latest finance commitment data, it suggests the commercial markets may still be some time away from a development resurgence. Industrial approvals have recorded a 34.9 per cent increase on the month, or 101.4 per cent improvement compared to last year, to represent $1.3 billion in value. The prolonged low vacancy environment across the industrial market has spurred on the need for additional supply in all regions and, despite the continued high construction costs and cost of funding, the overwhelming need for stock is likely to see industrial as the sole sector where construction will rebound in 2023. Victoria and its availability of vacant, zoned industrial land has seen a 133.6 per cent increase in approval values this month with WA up 89.6 per cent, whereas NSW and its constrained land supply has only seen a 10.2 per cent increase in approvals this same period.

The performance of the office and retail sectors has shown great volatility over the last few years with occupancy levels a key concern for this market segment, while building approvals are up on last month. The greatest increase has come from NSW and WA while Victoria and Queensland results have seen some decline in activity. Similarly other non-residential sectors such as education, medical and aged care have all recorded annual declines in building approvals this period.

Despite the overall improvement in approvals, concern surrounding the increased cost to finance future developments will see construction starts lag given the downward movement in financing commitments across the commercial markets continue to be recorded. New loan commitments for construction are currently at their lowest rate since April 2013, this month recording just $943 million a 62.1 per cent decline on the month and 59.3 per cent decrease over the last year. With the expectation of financing costs to continue to move upwards this year, we are likely to see continued lows in new construction finance and the development pipeline to remain on hold.

While commercial construction will be impacted this year by reduced loan commitments, so too will lending on the purchase of property which has recorded a 18.4 per cent reduction on last year’s results. Therefore, we expect to see commercial sales volumes continue to decrease in 2023. In 2022 Australian commercial sales fell by 30 per cent in comparison to 2021 results due to market uncertainty and the rising cost of finance which is likely to be further exacerbated this year.

FULLYLEASEDFREEHOLDBUILDING

5NewheathDrive,ArundelQLD

Thursday23February2023at11am-GoldCoastTurfClub,Bundall

•Net income $310,000* p.a. + GST

•Total building area 1,752m2*, land area 3,183m2*

•Strong tenant with good lease terms

•Quality tilt panel construction, 21 car parks

•Easy access to Smith Street and M1 Motorway

•Don't miss this outstanding opportunity

*Approx

MichaelWillems 0412240176

m.willems@rwsp.net

PRIMEBROADBEACHLOCATION

2783-2787GoldCoastHighway,BroadbeachQLD

LEASE

PriceUponApplication

•Freestandingbuildingsituatedalongthe busyGoldCoastHighway

•Currentlyfittedtosuitarestaurant

•NLA200m2*approx

•Largeopenplankitchenwithtwocool roomsandcanopy

*Approx

•Greasetrap,gasconnection

•Hardwooddiningareas

•Bathrooms

•Officespace

•Largeparking

•Exposuretothemainroad

SanjaStankovic 0413164127

s.stankovic@rwsp.net

RESORTMANAGEMENTRIGHTSNOOSA

NoosaGardensRiversideResort,261WeybaRoad,NoosavilleQLD

SALE

Offersover$1,449,000+GST(ifapplicable)

Opportunitytopurchaseawellestablished resortfacilityintheheartofNoosaville directlyoppositeWeybaCreekand500m fromGympieTerraceandtheNoosaRiver.

•4,385m2*sitewith21unitssetamongst

*Approx

landscapedtropicalgardens

•Lettingpoolof11units

•17yrlease+25yroption(STBCA)

•Renovated3bedroommanager'sunit

•Largeheatedpool,spa,BBQarea

JoshHarris 0452604478

josh.harris@raywhite.com

PaulForrest 0408985254 paul.forrest@raywhite.com

15.83HA*DEVELOPMENTSITE-RIPLEYVALLEY

2-54DaleysRoad,RipleyQLD

EXPRESSIONSOFINTEREST

Closing5pmThursday9March2023

•Potentialsubdivisionyieldof151*lots

•ZonedFutureUrbanandRecreation

•Landarea15.83hectares*

•Adjoiningsiteapprovedtodevelopa residentialsubdivisionof223*lots

•40min*southwestoftheBrisbaneCBD,

*Approx

10min*fromtheIpswichCBD,10min* fromSpringfieldCity

•WithintheRipleyValleyPriority DevelopmentArea(PDA),oneof Australia'sfastestgrowingurban corridors

AdamMorley 0476168712

adam.morley@raywhite.com

PRIMEPOSITIONLAND-TRANSPORT&WAREHOUSE

Lot14&15NassRoad,CharltonQLD

SALE

OfferstoPurchaseFrom$39/m2+GST

These2blocksareatthefrontentranceto theInterLinkSQterminal(constructionhas commenced). AccessfromStegarsRdor NassRdwithallinfrastructurepassingthe property. Actnowtogetintothis strategichub.

*Approx

•2x13.777Ha*lots

•MediumImpact-Transport& Warehousing/IntermodalFacility

•Easyaccessto2ndRangeCrossing

•10mins*toWellcampAirport&8min* toWilsontonIndustrialPrecinct

PaulSchmidt-Lee 0499781455

paul.schmidt-lee@raywhite.com

EXPRESSIONSOFINTEREST

Closing4.00pm24February2023

•120Villagatedcommunity-93owner occupier&27forsale/rentasatJan23

•Opportunityforgrowth-further'Villa' developmentpotential^

•Fullyservicedresidentialfacilitywith manager'sresidenceincluded

*Approx^SubjecttoCouncilApproval

•4.3kms*fromtheCBD; 600m*from shops,medical&education.

•Zonedlow-mediumdensityresidential; urbanconsolidationprecinct

•Currentsubstantialincomewiththe potentialtoincrease

PeterMarks 0400111952

peter.marks@raywhite.com

PaulSchmidt-Lee 0499781455 paul.schmidt-lee@raywhite.com

FREIGHTYARD-870SQMNLAON5188SQM

22ReynoldsStreet,MareebaQLD

LEASE

•870sqm*totalNLAofoffice/warehouse/coldroom/workshopfacility

•700sqm*ofthewarehousearea

•100sqm*ofairconditionedofficespaceandamenities

•Estimated4300sqm*ofsecuredhardstandareaamixtureofbitumenandcompacted gravel

•Drivearounddualstreetgateaccessandamplecarparkinginsideyard

*Approx

GrantTimmins 0422534044

grant.timmins@raywhite.com

HelenCrossley 0412772882

helen.crossley@raywhite.com

raywhitecommercialcairns.com

VACANTLANDDEVELOPMENTSITE

369-373SheridanStreet,CairnsNorthQLD

SALE

•PrimeHighway1developmentsite

•Area:2830sqm

•Frontage:54*m

•Zoned:MixedUse

*Approx

•3.6*klmstoCairnsAirport

•Closetohospitalprecinct

•Holdingincome

•Saleprice$4,000,000

HANGAR8-WEIPAAIRPORT

Hangar8/0JohnEvansDrive,WeipaAirportQLD

SALE

•Enclosurearea:846sqm*

•Shedarea:324sqm(18mx18mx5m)*

•Frontrollerdoor(2.8mwx3.3mh)*

•Rearrollingpaneldoors(18mwx5mh)*

*Approx

•Refuellingtruckathanger

•Lease(onland)inplacetill2026

•Kitchenetteandrestroomfacilities

•Saleprice$380,000

HelenCrossley 0412772882

helen.crossley@raywhite.com

GrantTimmins 0422534044

grant.timmins@raywhite.com

raywhitecommercialcairns.com

SusanDoubleday 0408038380

susan.doubleday@raywhite.com

HelenCrossley 0412772882

helen.crossley@raywhite.com

raywhitecommercialcairns.com

CBDSITEWITHREDEVELOPMENTPOTENTIAL

162BloomfieldStreet,ClevelandQLD

SALE/LEASE

ExpressionsofInterest

•1,373sqm*rectangular-shaped allotmentwith'PrincipalCentre'zoning

•500sqm*freestandingbuilding,currently leaseduntilApril2023

•Dualdrivewayaccess

•25km*eastofBrisbaneCBD

*Approx

•Gatewaypositionforpassagetoand fromClevelandCBD

•Closetoshoppingcentres,servicesand amenities,education,publictransport, andrecreationalactivities

•Suitableforabroadrangeofuses

NathanMoore 0413879428

nathan.moore@raywhite.com

MarkMontague 0421383668

mark.montague@raywhite.com

MIXEDUSESITEWITHDA

109BardonStreet,BerrinbaQLD

EXPRESSIONSOFINTEREST

Closing15thMarch,2023

•20,600m2*DA3LotSubdivision

•ChildcareApprovedfor135Placesadjoiningschool(operatorsecured)

•MixedUseZoningwithpotentialusesforIndustrial,Medical,Retail,AgedCare

•Level,ElevatedandFloodFree

•5minstoLoganMotorway

Mukhtaar Hashim 0433364786

mukhtaar.hashim@raywhite.com

JulieRyan 0447445453

julie.ryan@raywhite.com

raywhitecommercialcsr.com.au

FULLYLEASEDALLIEDHEALTHINVESTMENT

33OffStreet,GladstoneQLD

SALE

•CurrenttenantonLeaseuntil14thFebruary2025

•Currentrent$59,472.00plusGSTperannum

•Tenantpays100%OutgoingsunderthetermsoftheLease

•Six(6)privatecarparksatfrontofthepremises

•Landarea405m2*(moreorless)

•Buildingarea245m2*(moreorless)

*Approx

JohnFieldus 0409723288

john.fieldus@raywhite.com

FormalOfferstoPurchase raywhitecommercialgladstone.com

2.2HA*BRISBANEINNEREASTAPPROVEDSITE

54BeelarongStreet,MorningsideQLD

OutlineandLocationsIndicativeOnly

EXPRESSIONSOFINTEREST

Closing2Mar20234pm(AEST)

•7.5km*eastoftheBrisbaneCBD

•Residential"in-fill"siteinsoughtaftersuburb

•DAfor18lotcommunitytitledsubdivisionwithlotsrangingfrom350m2*to503m2*

•Willbesoldsubjecttovendorworkstoprovideinfrastructure,floodfreeaccessand developmentfootprint(Approx.9,324m2*)

•Potentialforotherusesincludingtownhouses,units,agedcare,retirement(^STCA)

*Approx^SubjecttoCouncilApproval

MarkCreevey 0408992222

mark.creevey@raywhite.com

TonyWilliams 0411822544

tony.williams@raywhite.com

raywhitespecialprojects.com

COMMERCIALPROPERTYPLUSBALANCELAND

1664ShuteHarbourRoad,CannonValleyQLD

SALE

$167,000Netp/aReturnWithFurtherDevelopmentPotential

Thishighvisibilitypropertyisapproximately6,672m2andisZonedLowImpact Industrialwitha90mfrontageonthemainarterialShuteHarbourRoad,thatisthe gatewaytotheWhitsundayRegion.Improvementsincludealargeshowroom, warehouseplus10storagesheds.Theanchortenanthasoperatedfromtheproperty formorethan35yearsandisawell-establishedbusiness.RequestanInformation reporttoday.

BrettDwyer 0447583759

brett.dwyer@raywhite.com

raywhitewhitsunday.com.au

CENTREZONEDDEVELOPMENTOPPORTUNITY^

Offersover$1,300,000 11FleggStreet,DeceptionBayQLD

SALE

•Expansive2,789m2*developmentopportunity^

•LocatedattherearofAldi

•Centrezoning,withinrapidlyexpandingMoretonBayRegion

7Hitech •1,315m2*building on2,070m2allotment •Goingconcernsale •Foodproductioninfrastructureavailable 11Hitech •1,438m2*building on3,077m2allotment •Significantpowertositeandon-site generator

AaronCanavan 0447744948 aaron.canavan@raywhite.com

MichaelShadforth 0488981076 michael.shadforth@raywhite.com

ArtistImpressionOnly

LEASE

FranzStapelberg 0430655676

franz.stapelberg@raywhite.com

Purposebuiltmedicalimagingcentreanchored bynationalradiologyprovider

•Suitableformedicalandalliedhealth professionals

•Stage1tenanciesavailable100-250sqm, completingMarch2023

•Stage2tenanciesavailable100-2000sqm, completingQ12024

NickRooney 0404921212 nick.rooney@raywhite.com

ContactAgents raywhitecommercialtradecoast.com

399SQM*FRONTCORNERUNITONBUSYEVANSROAD

1/233EvansRoad,SalisburyQLD

SALE/LEASE

*Approx $1,800,000+GST | $95,000PA+Outs+GST

•399sqm*ontitle

•375sqm*suspendedconcreteslabatstreet levelwithafullyglazedfaçade

•35m*frontagetoEvansRoad

*Approx

•24sqm*elevator&staircorefromthe basementcarpark

•5xcassetteairconditioningunits

•8basementcarspaces+20*visitorbays

JackGwyn 0424807166

jack.gwyn@raywhite.com

JaredDoyle 0408160570

jared.doyle@raywhite.com

36BenronaldsStreet,SeventeenMileRocksQLD

LEASE

AvailableMarch2023

•116sqm*office

•448sqm*oflowbaywarehouse

•Greasetraponsite

•Carparksattherearofthepremises

•42sqm*ofcoveredhandstand

•Rollerdooraccess

•Freestandingcornerlot

DylanThomas 0428242935

dylan.thomas@raywhite.com

StephenFerguson 0412803244

stephen.ferguson@raywhite.com

raywhitecommercialmilton.com.au

27/37McDonaldRoad,WindsorQLD

2/37McDonaldRoad,WindsorQLD

SALE

•New5yearleasecommencingDec2022

•Netrent$71,875pa+outgoings+GST

•3%annualrentreviews

•PremiumfrontunitfacingMcDonaldRoad

•185m2totalarea(85m2GF+100m2mez)

•Kitchenette,bathroom,shower

•2carspaces

DavidHighman 0488109768

SALE

•39sqmgroundfloor+72sqmofficemez

•New3yearleasecommencingNov2022

•$41,000panet(3%increases)

•550mtoAlbionRailwayStation

•Exclusiveamenitiesinctoilet&kitchenette

•Allocatedonsitecarparking

raywhitecommercialmilton.com.au

DavidHighman 0488109768

•Bestinclassfinishesfixturesandfittings raywhitecommercialmilton.com.au

DAAPPROVEDSHOP-TOPHOUSINGOPPORTUNITY

20-22StationStreet,EngadineNSW

ArtistImpression

AUCTION

•Substantialfreeholdopportunity

•DAapprovedfor2xretailand18xresidentialdwellings

•Sitearea-1,003sqm*

•40m*toEngadineTrainStationundergroundtunnelentrance

•PrimelocationintheEngadinetowncentre

•Zoning-B3CommercialCore

*Approx

SamuelHadgelias 0403254675

shadgelias@raywhite.com

BradLord 0439594121

blord@raywhite.com

Tuesday28February2023at10:30am-AuctionWORKS,50MargaretSt,Sydney raywhitecommercialsc.com

Outlineandlocationsindicativeonly

•ZonedR1

•FSR-1.5:1

•Heightlimit-9m

•Currentrentalincomeof$45,000+GSTperannum*

•500m*toCentralStation

•Futureredevelopmentpotential^

SamuelHadgelias 0403254675

shadgelias@raywhite.com

Leslie(Yifu)Li 0403261752

leslie.li@raywhite.com

Tuesday7March2023at10:30am-AuctionWORKS,50MargaretSt,Sydney raywhitecommercialsc.com

LARGEINDUSTRIALUNITINAGREATLOCATION

11/14SuperiorAvenue,EdgeworthNSW

SALE

•IdeallylocatedinthesuburbanserviceshubofEdgeworthboastingpracticalaccess toboththeexpresswayandNewcastle/LakeMacquarieCityandsuburbs

•ZoneIN2LightIndustrialpermittingarangeofusesSTCA

•534m2*

•Highclearance+clearspantoaccommodatevariablefit-outrequirement

•Internalamenities

LeeFollington 0417443478

lee.follington@raywhite.com

PARTITIONEDOFFICESUITEFORSALE

11/250PittStreet,SydneyNSW

SALE

250PittStreetistheheritagelistedstratatitledofficebuildinglocatedadjacenttothe ANZBankCentre&PittStreetstationconstructionproject.

•Strataofficesuite39sqm(approx.)withexistingfitoutinsitu

•Excellentceilingheightsandoriginaljarrahtimberflooring

•Leasedtoestablishedtenantuntil30November2024

•Inspectionsbypriorappointmentonly

JohnSkufris 0414969221

j.skufris@rwcss.com

DomenicSeverino 0416000339

d.severino@rwcss.com

$600,000 raywhitecommercialsouthsydney.com

•Subleaseto1October2024,orlongernewdirectlease

•Sublease456m2at10Bondoradd693m2at20Bond=1149m2

•Hugecentraloutdoorentertainingterraceover200m2

•Existingasnewcreativestylefit-outandfurniture

jpiggin@raywhite.com

OUTSTANDINGRETAILINPROMINENTLOCATION

529-535MilitaryRoad,MosmanNSW

7March2023

PropertyHighlights:

•Prominentcornerretailpremisesinhigh-profilelocation

•431sqm*overthreelots

•Estimatedgrossincomeof$344,800+GST* perannum

•Over23m*frontagetoMilitaryRoad

*Approx

ScottStephens 0409960006

scott.stephens@raywhite.com

FrankBird 0417427310

frank.bird@raywhite.com

SECURETHEONLYSTRATACOMMERCIALOPPORTUNITY

13-17AustraliaAvenue,SydneyOlympicParkNSW

SALE

From$855,000

•Availablefloorareas72sqm-770sqm

•Optiontocombinefloorplateswith770sqmacrosseachfloor

•Work-ready,warmshellfit-outincluded

•Carparkingincludedplusonsitepubliccarpark

•SydneyOlympicParkMetroStationwillbeopenandoperational2028-2030*

PeterVines 0449857100

peter.vines@raywhite.com

JosephAssaf 0401397696

jassaf@raywhite.com

raywhitecommercialwesternsydney.com

ENTIRE12UNITINDUSTRIALCOMPLEX

1-12/18-20RobernaStreet,MoorabbinVIC

AUCTION

•Firsttimeofferedin40*Years

•Combinedbuildingareaacrossall12 units|1516m2*

•Totalsitearea|2630m2*

•36m*frontagetoRobernaStreet

•Combinedincome$212,000pa*

*Approx

•Allunitsallonseparatetitleswith2 allocatedcarspacestoeachunit

•Hugepotentialforrentalincomeand capitalgrowth

•Lowmaintenance

•Industrial1Zone

RyanAmler 0401971622

ryan.amler@raywhite.com

GeorgeGanavas 0478634562 george.ganavas@raywhite.com

23rdFeb2023at12:00PMOnsite&Online raywhitecommercialoakleigh.com

ONE-OF-A-KINDTROPHYINVESTMENT

277-279CharmanRoad,CheltenhamVIC

AUCTION

On-site&Online|Thursday2ndMarch,2023@12:00pm

•Totallandarea|518m2*

•Combinedbuildingarea|787m2*overtwolevels

•Subdividedwith5xindividualtitles

•Five(5)separateincomestreams|$153,187p/a*

•ShopleaseduntilDec2026+options

•4xlarge2bedroomapartmentseachwithprivatebalcony&on-titlecarspace

*Approx

TheoKarkanis 0431391035

theo.karkanis@raywhite.com

GeorgeGanavas 0478634562

george.ganavas@raywhite.com

BUYONEORBUYBOTH

1&4/37 Gatwick Road, Bayswater North VIC

SALE

ExpressionofInterest

•Factory1| Building area 218sqm*

•Factory1| Returning $22,201pa+GSTnet

•Factory4| Building area 215sqm*

•Factory4| Returning $22,000pa+GSTnet

• Zoning | Industrial 1

• Bathroomamenities

•3 phasepower

•3carparksperfactory

Brett

brett.diston@raywhite.com

Cameron Barber 0431176786

cameron.barber@raywhite.com

raywhitecommercialdistonassetservices.com

HIGHEXPOSURERETAILOPPORTUNITY

1/18-26CanterburyRoad,HeathmontVIC

SALE

*Approx ExpressionofInterest ClosingTuesday28th Februaryat 3pm

• Zoning | Commercial 1

• Building area| 210sqm*

• Land area| 238sqm*

•1of3units

*Approx

•Rear laneway access

• Prominentsignage opportunity(STCA)

•SuitableforRetail,Restaurants, Medicaland Showrooms (STCA)

Brett Diston 0439365532

brett.diston@raywhite.com

raywhitecommercialdistonassetservices.com

Factory 1

Factory 4 Diston 0439365532

MULTI-USEFACILITYONLARGELANDHOLDING

4-10CataniPlace,CraigieburnVIC

SALE

•Flexibleuses,including Education/Medical/Childcare(STCA)

•ExcellentLandHolding1,617m2*(Over6 buildings)

•Buildingarea1,132m2*

•Surroundedbyanestablishedandthriving community.

RyanTrickey 0400380438

ryan.trickey@raywhite.com

WillJonas 0422883011

will.jonas@raywhite.com

raywhitecommercialglenwaverley.com

INVESTINTWOESTABLISHEDRESTAURANT

12-14StationStreet,PakenhamVIC

SALE

•Asecureinvestmentopportunity-Two restaurantsintheheartofPakenham.

•Twotenants-GLA345m2(*denotes approx.)

•Primelocationinabusyactivitycentre. Greatlandholding,multipleincomestreams. TotalNetIncome:$93,600PANET+O/G& GST*

RyanTrickey 0400380438

ryan.trickey@raywhite.com

WillJonas 0422883011

will.jonas@raywhite.com

raywhitecommercialglenwaverley.com

WHOLECBDBUILDING

148aAdelaideTerrace(199HayStreet),EastPerthWA

EXPRESSIONSOFINTEREST

ClosingTues,28Feb2023at4pm(AWST)

•Versatilecommercialbuilding-diverse options

•3,400m2 buildingareaacross4spacious ?oorplates*

*Approx

•110carbaysacross5levels

•FormalentryaccessfromAdelaideTerrace

•1,766m2 landfootprint-highdensitymixed usezone*

HISTORICOPPORTUNITY

10ParryStreet,FremantleWA

SALE

•CharacterDesignandArchitecture

•ExceptionalHeritageSignificance

•GroundFloorarea:654m2*

•Mezzaninearea:152m2*

*Approx

MichaelMilne 0403466603

michael.milne@raywhite.com

StephenHarrison 0421622777

stephen.harrison@raywhite.com

raywhitecommercialwa.com

•Totalfloorarea:806m2*

•MultipleUses(MixedUseZone)-Suit Food/Beverage,Commercial,Residential& more

EnriqueReyes 0421888688

enrique.reyes@raywhite.com

BrettWilkins 0478611168

brett.wilkins@raywhite.com

raywhitecommercialwa.com

Level1/26QueenStreet,PerthWA

•WholeFloorsecuretenancy

•Area: 189m2

•Veryattractiveterms

•Availableimmediately

•Outgoings$161.07/sqm+GST(2022/23)

•Leasetype:Assignmentuntil31August 2024plus1x2-yearoption/ordirectlease bynegotiation

LukePavlos 0408823823

luke.pavlos@raywhite.com

MelissaDisisto 0448209589

melissa.disisto@raywhite.com

raywhitecommercialwa.com

Offer2

•DevelopmentSiteAdjoiningof770m2*

•18.1m*FrontageonWannerooRoad

•‘Business’Zoning *Approx

BrettWilkins 0478611168

brett.wilkins@raywhite.com

raywhitecommercialwa.com

MattLazarus 0430745100

MattLazarus 0430745100

matt.lazarus@raywhite.com

474StAsaphStreet,PhillipstownChristchurch,NZ

SALE

Investment-Fullyleased,northfacingwarehouse,handytotheCentralCity.232m2*building ona412m2*freeholdtitle(sonobodycorporatehassles).Securityfencedyardarea.Leasedfor 3yrsfromMay2022(+furtherROR's),returning$30,000panet+GST.Tenantworksfrom otherbuildingsovertheroadandonlyusesthisbuildingforoverflowvehiclestorage.80%NBS.

*Approx

PaulaRaine +64272214997

paula.raine@raywhite.com

DeadlineSaleclosing4pmThursday16thFebruary2023(unlesssoldprior) www.rwcchristchurch.co.nz RayWhiteCommercial(Christchurch)-RaineBlackadderLtd-Licensed(REAA2008)

FULLYLEASED,EXCELLENTCASHFLOW&SPREADOFRISK

37WashbournesRoad,Sockburn,ChristchurchNZ

SALE

Investment-Fullyleasedminiwarehousecomplex.Excellentspreadofrisk&cashflowfrom15 rentalincomestreams.Goodoccupancyhistory.PopularWigram/Sockburnlocation.Gross rental$247,000pa*+GST(estnet$197,344.85pa*).Built2009,eachwarehouseunitis 106m2*,withitsowntoilet,kitchenette,smalloffice.24carparks.Allon4,021m2*ofland.

*Approx

PaulaRaine +64272214997

paula.raine@raywhite.com

ByNegotiation+GST(ifany) www.rwcchristchurch.co.nz RayWhiteCommercial(Christchurch)-RaineBlackadderLtd-Licensed(REAA2008)

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