Ray White Portfolio Magazine - March 2023

MARCH 2023

TOP 10 PERFORMING OFFICE MARKETS

WHAT THE TOURISM OUTLOOK MEANS FOR HOTELS

STAR GOLD COAST

INDUSTRIAL AGENT MAKES NEXT MOVE

THIS MONTH IN PORTFOLIO

With the new year well and truly underway, we’re excited to bring you the March edition of Portfolio. Things are really heating up as we head into the third month of the year, with plenty of commercial property being listed and transacted.

In this edition, Ray White head of research Vanessa Rader lists the top 10 office markets across Australia, some which may surprise you. The COVID-19 pandemic shook up the way we work, with office markets in centres hit the hardest by lockdowns also taking the longest to recover. However, the markets which weren’t as devastated by lockdowns continue to see vacancy rates on the decline.

Vanessa also takes a look at how investor appetite for hotels and accommodation will change as the tourism industry recovers in the post-Covid world. With domestic tourism still strong, as well as international travellers returning, she said things could be looking up.

QUICK JUMP TO A REGION

Our team at Ray White Commercial is continuing to grow, right across the country. We welcome some of our newest members to the family in this edition, getting to know three new sales agents in Queensland, NSW, and Western Australia.

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 find out how you can take advantage of the ever-changing world of commercial real estate.

ANDREW FREEMAN HEAD OF AGENCY OPERATIONS

TOP 10 PERFORMING OFFICE MARKETS

The Property Council of Australia’s Office market report has recently been released, highlighting the changing profile of CBD and non-CBD office markets in Australia. In the post COVID-19 economy we have seen a number of office locations unable to rebound, with staff continuing to work from home, which has changed the landscape for new take up of stock and movements across the region.

Our largest office markets, being Sydney and Melbourne CBDs, continue to record negative net absorption, as more businesses leave or reduce their space

requirements, which has resulted in increases in vacancy to 11.3 per cent and 13.8 per cent respectively. While those markets which weren’t hampered with the same level of lockdown, such as Brisbane and Perth CBDs, continue to see positive take up and have improved their occupancy. The greater trend, however, has been the move out of CBDs into growing employment nodes which have followed population. Markets such as West Perth, Brisbane Fringe, Sunshine Coast, and Gold Coast all outperformed with high rates of demand to occupy space.

OFFICE MARKETS WHO PUNCH ABOVE THEIR WEIGHT

Brisbane Fringe

Brisbane CBD

Darwin CBD

Sunshine Coast

Gold Coast

Parramatta

Newcastle

Perth CBD

Wollongong

Source: PCA, Ray White

The largest suburban office precinct in Western Australia, this market has had a hard few years given the high vacancy rates of Perth CBD. With competition from the CBD in terms of quality, price driven by high incentives has seen West Perth vacancies be at a prolonged high. However, we have seen vacancies fall over the last three years, as the attractiveness of this market grows, given its parking and affordability compared to the improving Perth CBD market. This market has recorded 21,738sqm of take up over the last year, the third highest in the country behind Brisbane CBD and Fringe, an outstanding result given its market size of approximately 411,000sqm.

The high population growth in Queensland has had a positive impact on the office market across the State. Brisbane Fringe recorded the second highest net absorption of all Australian office markets of 63,625sqm, however this is the largest non-CBD office market in the country with over 1.3million sqm of stock. Improvements in this location indicative of a changing appetite for locations which can offer parking and affordable, quality accommodation options.

Brisbane is the fourth largest CBD in the country and has attracted the greatest level of take up over the last 12 months. Vacancies currently sit at 12.9 per cent in a market which has averaged 14.3 per cent over the last ten years. Improvements in employment demand in the city borne out of a growing population has resulted in the need for new and expanding businesses to absorb existing stock.

Darwin CBD is the smallest of the CBD markets in Australia. With only 226,514sqm of stock this market is subject to many fluctuations in results, vacancies sat at 19.7 per cent two years ago, while the current result of 14.3 per cent highlights an improvement in local demand.

The coastal Queensland markets have been high performers over the last couple of years, benefitting from growth in population and increased new business starts. The office market is still emerging with a number of newer, quality offerings, which are eagerly sought after, resulting in strong levels of take up. Vacancy for the Sunshine Coast sits at just 4.0 per cent the lowest rate recorded since the start of data collection in 2008.

6. Gold Coast

The Gold Coast is another strong performer capitalising on population and new business growth. This market is approximately 454,000sqm in size and has achieved nearly 12,500sqm of take up over the last year. Demand continues to increase particularly for A-grade assets, however, there has been little new stock added over the last few years resulting in vacancies falling to a 16 year low of 6.0 per cent.

7.

Sydney’s largest non-CBD market, this precinct continues to grow with high quality A-grade assets continuing to be added to the market as total stock approaches a million square metres. The geographic advantage being in the centre of Sydney, transport coupled with the modern accommodation options has made this an attractive option for many larger tenants, notably business, finance, insurance occupiers. While this market has been hampered by COVID-19, with tenants reducing their footprints, coupled with a strong supply pipeline, this market remains the most active in Sydney recording more than 20,000sqm of absorption.

8. Newcastle

Newcastle is another coastal location showing quality results. Population movements out of Sydney to regional areas have benefited this location. Affordability and new business starts have been aiding the improvement of this small office market.

9.

Perth CBD

The second most active CBD in Australia, Perth has benefited from limited lockdowns and is not facing the same work from home mentality of the eastern states. This has kept the CBD vibrant and office markets growing in occupancy. Mining, engineering, and construction continue to grow their footprint, however, professional services such as finance have increased their holdings capitalising on the incentives on offer after a period of prolonged high vacancies.

10. Wollongong

The smallest of the NSW office markets, population movements continue to benefit this office location. With new supply added over the last year, Wollongong has done well to keep absorption positive in the face of high vacancy. This market has historically had difficulty in attracting larger, national businesses, with local demand the major space user, which may see current stock levels slow to be absorbed.

1. West Perth

2. Brisbane Fringe

3. Brisbane CBD

4. Darwin CBD

5. Sunshine Coast

Parramatta

WELCOME TO THE FAMILY

We’ve had a few new sales agents join our Ray White Commercial family in businesses across the country. Meet the new members of our team.

The team at Ray White Commercial Gold Coast has been strengthened as renowned industrial expert Pat Cavanagh joins the business. Mr Cavanagh joins the business with more than 22 years’ experience working in commercial real estate. Originally from Sydney, Mr Cavanagh moved to the Gold Coast in 1994, initially working in his previous profession as a carpenter and builder. He started his career in real estate in 2000 with a small boutique agency in the Springwood/Underwood area then shifted his focus to the Gold Coast market. “My focus has always been on the industrial precincts of the GC where I saw a gap in the market early on,” Mr Cavanagh said. “I began to specialise in industrial and have enjoyed continued success within the Gold Coast markets.” After a 12 month break in his career, Mr Cavanagh decided Ray White Commercial Gold Coast was the perfect place to dive back into the market.

The powerhouse team at Ray White Commercial Western Sydney continues to strengthen as Troy Wang joins the team as a development expert.

Originally from China but living in Sydney for the past 12 years, Mr Wang has almost a decade of experience working in the development sector, as well as previous experience working as a residential real estate agent. Combining his experience as a sales agent and his work with development companies, Mr Wang said he is excited to join the Ray White Commercial Western Sydney sales team targeting development sites.

“Over the next 12 months I aim to build up my network, add value to the team, and get as many deals done as possible.”

With a decade of experience in the commercial real estate industry, Michael Danagher has joined the team at Ray White Commercial WA. Born and raised in the UK, Mr Danagher has called Perth home since 1985 and currently resides in the Kings Park precinct.

“After a career working in the finance and banking industry, I decided to migrate into the commercial property sector about ten years ago,” Mr Danagher said.

“I have a history of selling and leasing assets in all commercial property classes, although I have largely focused on the sale of industrial and commercial properties, development opportunities and the leasing of larger tenancies.

“I have a portfolio of sold and leased property assets across metropolitan Perth, although I have been most active in the industrial areas south of Perth and in the coastal strip from Fremantle to Bunbury.”

PAT CAVANAGH RAY WHITE COMMERCIAL GOLD COAST

TROY WANG

RAY WHITE COMMERCIAL WESTERN SYDNEY

MICHAEL DANAGHER

RAY WHITE COMMERCIAL WA

THE FUTURE OF COMMERCIAL PROPERTY

More than 400 people tuned in to listen to Ray White Commercial’s first Between the Lines Live webinar for 2023, as this month’s experts discussed what to expect from the commercial property sector during a changing market.

The webinar was hosted by Ray White head of research Vanessa Rader who was joined by Ray White Capital Transactions director Ian Hetherington.

The pair spoke about the future of commercial property during a time of growing interest rates and shifts in market fundamentals, and how to understand who the buyers and sellers are, and what are the opportunities and expectations on the state of the market this year.

Ray White Capital Transactions completed an off-market deal for a pair of eastern seaboard industrial properties worth $250 million at the end of 2022.

Ms Rader asked Mr Hetherington what opportunities he saw for the industrial sector in the next 12 months.

“The industrial sector is still looking pretty positive as there’s still strong rent growth coming through,” Mr Hetherington said.

“In 2023 the focus for sheds is going to be in the unit estates because you’ve got a number of tenants, you’ve got lease expiries where you can capture the inflation, and the effects of that rent growth. So I think that will be the preference and the stronger weighting of capital will be towards that sector.

“Your larger big boxes sheds that might have a 3 per cent rate of increase, when inflation is running at 7.8 per cent, it might not be as attractive as being able to capture that rent growth through the lease expiries through unit estates.”

Mr Hetherington said most of the investment was coming from offshore.

“There are still new entrants coming into the market, mainly American-based companies, so I think that trend will continue,” he said.

“Whether it be commercial, retail or industrial, if you’re looking for a holding in the Asia Pacific it’s much easier to get settled in Australia than it is in other markets such as Japan, South Korea, and China.

“Australia bats above its weight due to its transparency and its access, rather than other markets where socio-political issues may make it harder.”

With vacancy rates still up across many office markets, particularly Sydney and Melbourne, Ms Rader asked Mr Hetherington what he saw in the future for that market.

“Things look better in the volume of people going to work. Anecdotally this time last year the Sydney CBD was at about 20 per cent, and it looks like it’s gone to about 60 per cent, but dominated by Tuesday, Wednesday, and Thursday,” Mr Hetherington said.

“Net absorption is either flat or negative, but most leasing agents are walking around town with a smile on their faces which is to do with the fact that incentives have increased dramatically from where they were three years ago. A lot of businesses are taking advantage of that saying, let’s create a new environment to change it up and look at the way we work to try and attract people to come back to work.

“Flight to quality has been a big one, and also heritage buildings have had a strong focus. We’re speaking to more people than ever who are wanting to get set in a heritage building. It offers a different environment and it’s a way of attracting staff back.”

PROJECTED TOURISM IMPROVEMENTS EXPECTED TO GROW INTEREST IN HOTELS

It’s been a busy holiday period in Australia with both domestic and international travel reaching new highs. There’s been strong hotel occupancy levels and new benchmarks in average daily room rates recorded across Australia. After a number of years of poor results, this has put the spotlight again on the accommodation sector as a viable investment opportunity, from 4 and 5 star fullservice hotels in major tourism centres, through to the regional hotel/motel segment.

While Australians are excited to get back to international travel, the high cost of airfares, inflationary pressure on food, transport and accommodation, coupled with the strength of the Australian dollar, has seen domestic travel options grow in popularity. The drive segment has shown good results with occupancy improvements across regional areas of Australia setting new highs in daily room rates. International visitors have also been quick to return to Australia, taking advantage of the dollar and summer months, with inbound international aviation statistics highlighting an average of 1,520 flights

per week coming into Australia across 52 destinations in December. While this is still below pre COVID-19 results (December 2019) of 2,167 per week there has been a vast improvement since early 2022 where just 400 flights per week were entering Australia.

While our inbound international visitor numbers have been increasing over the last 12 months, recent forecasts by Tourism Research Australia (TRA) expect inbound visitor arrivals will not reach 2019 levels until 2025. Similarly, our outbound travel internationally is also expected to slowly recover to pre COVID-19 level in 2024/25. As a result, domestic nights have grown to over 400 million in 2022 which is already ahead of 2018 results, the expectation being that over the next five years this will average 444 million nights, well ahead of the long-term historical average of 310 million nights. Domestic tourism expenditure has already eclipsed results seen in 2019, with continued annual growth of 4.7 per cent expected over the next five years, making hotel investment attractive.

DOMESTIC VISITOR NIGHTS QUICK TO REBOUND

Capitalising on this growth potential, interest in the hotel sector in 2023 will continue after a strong 2022 which achieved $3.2 billion in sales. Offshore buyers accounted for 58.4 per cent of these sales and are likely to continue to seek out these quality, ongoing returns. Savvy local groups and private investors; notably in the smaller, regional markets; are expected to remain active, however, financing availability may be a stumbling block for some buyers.

TENANTEDINVESTMENTFORSALEINWOODFORD

18ChambersRoad,WoodfordQLD

EXPRESSIONSOFINTEREST

ClosingThurs16Mar,4pm

•TenantedInvestmentopportunityinWoodford

•2,066m2 lot

•666m2 warehousefacilitywithreception/officespace

•$115,090.00netincomeperannum

•12carparkslocatedatthefront&rearofthebuilding

•LeasedtoAussieChlorinatorsAustraliauntilJune2024withoptionto2027

AaronCanavan 0447744948

aaron.canavan@raywhite.com

ChrisMassie 0412490840 chris.massie@raywhite.com

raywhitecommercialnortherncorridorgroup.com.au

4/27EvansStreet,MaroochydoreQLD

2APageStreet,KundaParkQLD

SALE

$955,000

•6.2%NetReturn

•227m2

•Internalamenities

•ImmaculatelyfittedoutbyZoneGym

•Ampleonsitecarparking

•Highlyexposedsignageopportunitiesthe tenanthastakenadvantageof

EmilyPendleton 0402435446

AbiRowlands 0402028663

raywhitecommercialnortherncorridorgroup.com.au

SALE

ExpressionsofInterest

•4,844m2fencedallotment

•3,418m2*industrialtiltslabbuilding

•380m2*highqualityofficefitoutmezzanine

•11highclearancerollerdoors

•37onsitecarparks

•Abilitytoseparateintotwoindependent tenancies

22DruryLane,Dundowran,HerveyBayQLD

•18welldesignedstorage&workspaceunits

•72-81m2*offunctionalgroundfloor

•21m2*office/storagemezzanine

•Widedrivewayfortraileraccess

•Internalbathroomfacilities

•NBNtoallunits

•MediumImpactZoning

MichaelShadforth 0488981076

SamuelHoy 0423795273

*Approx

raywhitecommercialnortherncorridorgroup.com.au

SamuelHoy 0423795273

56-68MorganRoad,BurpengaryQLD

*Approx

raywhitecommercialnortherncorridorgroup.com.au

Fri31Mar2023

•40,400m2 parcelofland

•Ruralresidential&Emergingcommunity transitionzoning

•LocatedwithinrapidlyexpandingMoreton BayRegion

•Approximately4.5kmsfromtheBruce

AaronCanavan 0447744948

ChrisMassie 0412490840

raywhitecommercialnortherncorridorgroup.com.au

UNIQUESHOWROOMWAREHOUSE

182ScottStreet,Bungalow,CairnsQLD

SALE

$2,460,000

Thisoutstandingshowroom/warehouseboastsahigh-profilepresenceonScottStreet, onlyminutesfromCairnsCBD.Recentlyfullyrenovatedwithanaddedextensionofa moderntwo-storybuildingcomprisingoffice/showroomwithhighlightwindowsand polishedfloorsenoughtoimpressallyourclients.Fromitslocationtoitsattentionto detailthere'snothingmissinginthisAGradefacility.

W/H:434*sqm/Office:153*sqm/SecuredHS:197*sqm/UndercoverCP:65*sqm

*Approx

HelenCrossley 0412772882

helen.crossley@raywhite.com

GrantTimmins

0422534044

grant.timmins@raywhite.com

SPORTSFACILITYWITHRETURN+POTENTIAL

TheGrounds-ToogoodRoad,Woree/BayviewHeightsQLD

SALE

$3Million

OpportunityexiststoownthissportingcomplexTheGroundswithpotentialtodevelop andexpandonthereturn.

•LandSize17.144ha

•Multi-tenantedsportsandrecreationfacilitywithover$200K*NettReturn

•Mainbuildingtenantedby6long-termsupportingbusinessestothecomplex

•Ideallylocatedclosetoshops,schoolsandmedicalfacilitiesandBruceHighway

*Approx

GrantTimmins 0422534044

grant.timmins@raywhite.com

HelenCrossley 0412772882

helen.crossley@raywhite.com

raywhitecommercialcairns.com

ICONICHERITAGETENANCYINTHEHEARTOFCAIRNS

5/22SpenceStreet,CairnsCityQLD

LEASE

$90,000perannumgrossplusGST

•Floorarea127sqm

•CornersitefrontageonhighprofileSpenceandLakeStreets

•WalkingdistancetoReefandCruiselinerterminalsandTheEsplanade

•Well-establishedbusinessprecinct

GrantTimmins 0422534044

grant.timmins@raywhite.com

SusanDoubleday 0408038380 susan.doubleday@raywhite.com

raywhitecommercialcairns.com

STORAGEWAREHOUSEWITH4CARPARKS-SOUTHCAIRNS

2/47VickersStreet,Edmonton,CairnsQLD

SALE

$270,000

•Idealfortradies,smallbusinessesandowner-occupierswantingtosecure-equipmentaway fromhomeinasecuredstoragewarehouse.

•Land:141sqmontitleW/H:83sqmHS:58sqm(4xcarparks)

•MediumImpactIndustryzoning

GrantTimmins 0422534044

grant.timmins@raywhite.com

SURFERS PARADISE RESORT - IMMEDIATE SALE

Surfers Paradise QLD

EXPRESSIONSOFINTEREST

ClosingFriday,24Marchat4pm

• Motivatedvendor requiresfocusback oncorebusiness

•Desirable location! Only100metres* walktoSurfersParadisebeach

•$270,176*net profit atyearend

December2022

*Approx

•$41,057.32currentcaretakersalary;CPI annualincreases

•Large2bedroommanager'sunitplus office with reception area

•33unitsinthecomplex;6two-bedroom units;27onebedroomunits

CraigCornish 0414897256

c.cornish@rwsp.net

HIGHPROFILETENANTEDINVESTMENTUNTIL2029

515-533SturtStreet,TownsvilleCityQLD

OutlinesIndicativeOnly

EXPRESSIONSOFINTEREST

ClosingTuesday4April2023at4pm

•Longtermleaseof7years(ending 31/08/2029)with4x5-yearoptions

•SignificantnetrentalIncome,tenant pays100%outgoings

•Multi-branddealershipwithNissan operatingsince1970

*Approx

•Extensive$2m*refurbishment completed(Q22022)

•Substantiallandarea7,590m2*with 161m2*ofmainroadfrontage

TeresaSkordou 0424054226

t.skordou@rwsp.net

MichaelWillems 0412240176

m.willems@rwsp.net

RAREHASTINGSSTREETNOOSARETAILHITSMARKET

Shops5&6/41HastingsStreet,NoosaHeadsQLD

AUCTION

10amThursday9March.Venue:NoosaHeadsSurfLifesavingClub

LocatedincentralHastingsStreetinthe “Fairshore”luxurybeachfrontcomplex, thesetwosidebysideshopspresenta rareopportunitytopurchaseoneorboth shops,eachwithoutstandingstreet frontageandallocatedparking.

•Shop5-38m2*.LeasedtoAccomNoosa to14/11/24.Currentrent$280,716pa net(5%increasespa)

•Shop6-41m2*.LeasedtoTigerlily Swimwearto12/10/28.Currentrent $236,578panet(5%increasespa)

DavidBrinkley 0448594361

david.brinkley@raywhite.com

TraceyRyan 0421981490 tracey.ryan@raywhite.com

FULLYLEASEDFREEHOLDBUILDING

96TingalRoad,WynnumQLD

EXPRESSIONSOFINTEREST

ClosingThursday,30March2023at4pm

•Nettincome$170,332*+GSTPA

•AnnualrentincreasesdueJune/July

•Land:553m2* BuildingNLA:490m2*

•3long-standingsuccessfultenants

•Long4.6yearWALE

•‘MajorCentre’zoningonbusycorner

*Approx

BennWoods 0408689651

benn.woods@raywhite.com

LANDDEVELOPMENT-CHILDCARE,MEDICAL,VET

1WoodlandsWay,ParkwoodQLD

•approx&outlineindicativeonly

AUCTION

In-RoomAuction18thMarch2023

•2,521sqm*oflandwithgreataccess

•SuitDisplayHome/HomeOffice,bed& breakfast,childcare,medical,veterinary andagedcareservices

•Estimated28,000*carspassingdaily

•PrimecorneronNapperRoad

•50*mofmainroadexposure

•1.3*kmtoGCUniversityHospital& GriffithUniversity

•5*mintheM1Pacific Motorway

•OppositeArundelStateSchool (1,258capacity)

RyanLangham 0420581164

ryan.langham@raywhite.com

DamonBartholomew 0412298820

damon.bartholomew@raywhite.com

SIGNIFICANTINDUSTRIALHOLDING

12ForgeClose,SumnerQLD

Outline Indicative Only

AUCTION

•Large24,410*sqmSitewithExcellentAccesstoKeyTransportLinkages

•Corporate Offices &EndofTrip Amenities

•TwoHighClearanceWarehouses&Awning

•GantryCranes/3PhasePower/ElectricRollerDoors

•QualityHardstand&TruckWashdownFacility

• Potential VacantPossession

*Approx

JohnDwyer 0439034010

john.dwyer@raywhite.com

BrockeHambrecht 0466599724

brocke.hambrecht@raywhite.com

In-Rooms,Level24/215AdelaideStreet,Brisbane,Wednesday15March2023,11am(AEST) raywhitecommercialqld.com

TOOWOOMBAMEDICALINVESTMENT

Lots202,203&204/11a-15ScottStreet,EastToowoombaQLD

EXPRESSIONSOFINTEREST

•FeaturesthreeA-Classsuitestotalling 369sqm*intheprominentMedici MedicalCentreonLevel1

•5-YearleasestoAuraMedicalGroup (CosmeticElegance)from1March,2022 (+2x5-YearOptions)

*Approx

•Configuredas2receptionswith3 waitingareas,13consultingrooms,2 kitchens,sterilisation&storagerooms

•CentralpositionwithintheStVincent's HealthcarePrecinct

•Inlinesale/inspectbyappointment

CraigBradley 0488075167

craig.bradley@raywhite.com

Closing4pm,Thursday30March raywhitecommercialtoowoomba.com

1.84HPROPERTYWITHUPSIDEOPTIONS

69ManchesterRoad,CarraraQLD

EXPRESSIONSOFINTEREST

Closing23rdofMarchat4pm

•Leasedstandaloneinvestmentwithsolidredevelopmentpotential

•Expansivehighlyvisiblelevelparceloflandspanning18,430m/2

•Significantholdingfeaturing2buildingswith4,650m/2ofNLA

•Shortwaleandattractivegrossannualincomeof$601,238+GST

•Multiplestreetfrontagesanddrivewaysforconvenientsiteaccess

•Zonedmixeduse-fringebusinessprecinct

TonyStone 0409792650

tony.stone@raywhite.com

raywhiterobina.com.au

30.4HA*APPROVEDRESIDENTIALSUBDIVISION

173,189,197andLot9KerryRoad,BeaudesertQLD

OutlineandLocationsIndicativeOnly

EXPRESSIONSOFINTEREST

Closing16March20234pm(AEST)

•Landarea:30.4*Hectaresacross4titles

•DevelopmentApprovalforStage1-56Residentiallots

•AccessedfromKerryRoad&directfrontagetotheBeaudesertGolfCourse

•Adjoinsestablishedresidentialhousing&positionednexttoandoppositefuture residentiallanddevelopment

•Only2km*totheBeaudeserttowncentre

*Approx

TonyWilliams 0411822544

tony.williams@raywhite.com

MarkCreevey 0408992222

mark.creevey@raywhite.com

SUITDEVELOPERS,OWNEROCCUPIERSORINVESTORS

89GosportStreet,HemmantQLD

SALE

JaredDoyle 0408160570

jared.doyle@raywhite.com

•1,930sqm*offullyservicedIN3GeneralIndustryzonedland

•456sqm*ofworkshopspaceacross4individualtenancies,eachwith3phasepower

•55m*frontagetobusyGosportStreetofferinggreatexposureandeasyaccess

•Returning$76,867.47pa*Netincomewithsignificantredevelopmentpotential(S.T.C.A.)

*Approx

19SQM*RARELYAVAILABLEOFFICESPACE

JackGwyn 0424807166

jack.gwyn@raywhite.com

OfferstoPurchaseClosing29thMarch2023 raywhitecommercialtradecoast.com

SALE

MarcZietsman 0412047026

marc.zietsman@raywhite.com

•19sqm*rarelyavailableofficespacesituatedinBradshawStreet,Lutwyche

•Fullyairconditionedandcarpetedspace

•Excellentsignageopportunities

•Sharedtoiletamenities&ampleonstreetcarparking

*Approx

JonathonJones 0439624813

jonathon.jones@raywhite.com

$250,000 raywhitecommercialtradecoast.com

FREESTANDINGMEDICAL/CONSULTINGASSET

333NudgeeRoad,HendraQLD

EXPRESSIONSOFINTEREST

ClosingFriday17Marchat4pmifnotsoldprior

•410m2offreestandingland

•ZonedNeighbourhoodCentre

•81m2medical/consultingspace

•Privatecustomerparkingatrear

•Idealforanowneroccupier

•Excellentsignageopportunities

•Significantscopetoaddvaluetotheasset

•Recentlyupgradedsolar-system

DylanThomas 0428242935

dylan.thomas@raywhite.com

MaclayKenman 0490196600

maclay.kenman@raywhite.com

raywhitecommercialmilton.com.au

FULLYLEASEDINDUSTRIALDUPLEXINVESTMENT

14DevlanStreet,MansfieldQLD

EXPRESSIONSOFINTEREST

ClosingThursday23March

•1370m2 office/industrialwarehousesplit overtwotenancieson2,162m2 land,

•Netrentalof$137,604p.a+GST+outs

•Leaseduntil2025/2026withoptions

•2containerheightrollerdoors

•NoB/Corp,splitduplexonfreeholdlot

•Closetomajorarterialroads,Brisbane Airport,PortofBrisbane&CBD

DavidHighman 0488109768

david.highman@raywhite.com

raywhitecommercialmilton.com.au

TENANTEDINVESTMENT

Shop4/390KingstonRoad,SlacksCreekQLD

SALE

•Currentnetincome$25,000pa*

•2yearleaseinplace+1yearoption

•4%annualincreases

•Totalarea74m2*

•CleanandtidyTenant

•Zoning-CentralBusiness

•Ampleonsiteparking

AldoBevacqua 0412784977

$430,000(GoingConcern) raywhitecommercialspringwood.com

COMMERCIALINVESTMENT

16/22EasternServiceRoad,StapyltonQLD

SALE

$1,500,000(GoingConcern)

•Currentnetincome$89,094pa*

•Netincomesettoincrease$91,766.82

•Totalbuildingarea466m2*

•Tenancy1ACarvery-5x5years

•Tenancy1BWarehouse-3x3years

AldoBevacqua 0412784977

raywhitecommercialspringwood.com

•PrivateDataCentrewithredundantcooling andpower

•DualIndependentFibreLinks

•CorporateFit-out

•13Undercovercarparks

•Multipleopenplanareas+trainingroom

•7Executiveoffices

AldoBevacqua 0412784977

Unit6/149-151NorthRd,UnderwoodQLD

$825,000(GoingConcern)

•Totalarea328m2*

•256m2*Highbaywarehouse

•72m2*Air-ConditionedOfficesover2levels

•Netincome$37,777NetPA+Outs+GST

•3yearleaseending06/04/2024nooptions

•Securecomplexwithmotorisedfrontgate

•Zonedforlightcommercialuse

AldoBevacqua 0412784977

raywhitecommercialspringwood.com

3LOTSTOBESOLDINONELINE

264BunnerongRoad,HillsdaleNSW

SALE

ViewbyAppointment

•260sqm*premiseswith3m*ceilings

•Sprawlingopenplanspace,configuretosuit

•Kitchenette+apowderroom

•Basementparkingfor5cars+visitorcarpark

•Modernbuildingwithvideointercom&lift

•MetresfromSouthpointShoppingCentre

*Approx

AlexSantelli 0403104146

a.santelli@rwcss.com

MIXED-USEBUILDING:SHOP+RESIDENCE

31LexingtonPlace,MaroubraNSW

SALE

ViewbyAppointment

•Totalcommercialandresidentialspaceis404sqm(approx)

•Glazedshopfrontattractseyeballsfromstreet

•Reception,neatbathroom,abundantstorage

•Wholefloorapartmentwithspaciouslivingarea

•Mainbathroomhasaspa,masterwithensuite

•Internalaccesstospaciousdoublegarage

*Approx

AnthonyVella 0412232904

a.vella@rwcss.com

KerriePelayias 0404292181

k.pelayias@rwre.com.au

raywhitecommercialsouthsydney.com

TOPLEVELOFFICESUITE+PARKINGSPACE

5/77DunningAvenue,RoseberyNSW

SALE

PriceOnApplication|ViewbyAppointment

•StrataTitledofficebuildingwithanon-sitecafeanddualliftaccess

•Toplevelofficesuite199sqm*plusparkingspace

•Openplanareawithownamenities125sqm*plusmezzaninelevel74sqm*

•Excellentceilingheights,greatnaturallight&accesstocommoncourtyardincluded

•Vacantpossession

•Approximately5minuteswalkingdistancetoGreenSquarestation

*Approx

AnthonyVella 0412232904

a.vella@rwcss.com

JohnSkufris 0414969221

j.skufris@rwcss.com

EASTERNSUBURBSRETAILINVESTMENT

GroundFloor,302OxfordStreet,BondiJunctionNSW

SALE

•LocatedintheheartofBondiJunction,approx350mtotrainstation

•Situatedinthebrandnew"OxfordResidences"development

•LeasedtoestablishedOrganicSupermarket"NourishOrganicMarketplace"

•AnnualGrossIncome:$198,000perannum+GST(approx)

•Approx271m2ontitle(234m2internal,2carspaces+storagecages)

ZorickToltsan 0411227784

ztoltsan@raywhite.com

INNERWESTCARPARKINVESTMENT

23NortonStreet,LeichhardtNSW

SALE

•Acquiretherenowned"TheItalianForum"CarParkwith131carspacesontitle

•Leasedtoestablishedcarparkoperator"SecureParking"onabrandnew10year lease(commencedNovember2022)

•AnnualNetIncome:$296,000+GST(approx)

•2.5%annualrentalincreaseswithmarketrentreviewsduringleaseterm

ZorickToltsan 0411227784

ztoltsan@raywhite.com

4FULLYFITTEDFLOORSOF1,087M2EACH

Levels3,4,5and6/70PhillipStreet,SydneyNSW

LEASE

Aream2:1,087m2

•Leasesfrom12monthsandlonger,idealprojectspace

•Selectionofwholefloorsforleaseonlevels3,4,5and6

•Eachfloorisfittedwithover100workstationsperfloor

•OppositeGovernorMacquarieTower&nextdoortoRBSTower

AnthonyHarris 0409319060

aharris@raywhite.com

Rent$/m2:From$895psmpagross raywhitesydneyleasing.com.au

RAREWATERFRONTOPPORTUNITY

156/45EastlakeParade,KingstonACT

AUCTION

Thursday30March2023at11am

•311sqminternalareaplus66sqmoutdooralfrescoarea

•Soldvacantpossession

•PicturesqueviewsofKingstonForeshore

•Includingastateofartdesignedrestaurantfitout.

StevenShang 0411374432

steven.shang@raywhite.com

raywhitecommercialcanberra.com.au

36BotanyStreet,PhillipACT

EXPRESSIONSOFINTEREST

Closing29March2023

•272m2*premisessoldasGoingConcern

•CZ3:Serviceszone

•5year+5yearlease commencing1April2023

•Netreturnof$85,000*+GSTperannum

FrankGiorgi 0403839822

frank.giorgi@raywhite.com

AnthonyAlvaro 0406995383 anthony.alvaro@raywhite.com

raywhitecommercialcanberra.com.au

487BoroniaRoad,WantirnaSouthVIC

Onsiteat11am,30march2023

•BuildingArea164sqm*

•LandArea1010sqm*

•MedicalPermitFor3Practitioners

•DevelopmentPotential(STCA)

•HighExposureLocation

*Approx

MitchRosam 0402355805

mitch.rosam@raywhite.com

BreeTaylor 0438424807

bree.taylor@raywhite.com

BLANKCANVAS-DEVELOP/OCCUPY/INVEST

81LudstoneStreet,HamptonVIC

SALE

Auction31stMarch2023@12pmOn-site

•PlansandPermits|Medical&Dental Clinic

•CurrentBuildingArea|95m2*

•TotalLandArea|200m2*

•Commercial1Zoning(C1Z)

*Approx

RyanAmler 0401971622

ryan.amler@raywhite.com

SimonLiang 0451954318

simon.liang@raywhite.com

1324HeathertonRoad,NobleParkVIC

49WestminsterStreet,OakleighVIC

SALE/LEASE

•Totalbuildingarea|220m2*

•Totallandarea|593m2*

•Permitsfor3medicalpractitioners

•Ampleon-siteparkingforTen(10)cars

•OppositetheSouthEastPrivateHospital

41AspenCircuit,SpringvaleVIC

RyanAmler 0401971622

SimonLiang 0451954318

*Approx

SALE

•Landarea|356m2*

•Buildingarea|226m2*

•Includesreception/officearea|25m2*

•Rental|$34,627perannum+GST+ Outgoings

•Three(3)yeartermcommenced|February 2021

1/3KellyCourt,SpringvaleVIC

GeorgeKelepouris 0425798677

SimonLiang 0451954318

*Approx

AUCTION

On-site&OnlineAuction|Friday,17thMarch2023@11am

•Totalbuildingarea|128m2*

•Includesfirstfloormezzanine|34m2*

•Matteblackfixtures&fittings

•Bathroomwithfloor-to-ceilingtiles

•Internalclearanceupto7.5*metres

•Two(2)carspaceson-title

•NOGSTpayable

TheoKarkanis 0431391035

GeorgeGanavas 0478634562

*Approx

LEASE

•Totalbuildingarea|441m2*

•Includesfirstfloorcarpetedoffice|74m2*

•Excellentwarehouseclearanceupto8.5m*

•Polishedconcreteflooringtogroundoffice

•Kitchenette,shower&bathroomfacilities

•Eight(8)carspaceson-title

•Industrial1Zone(IN1Z)

GeorgeGanavas 0478634562

TheoKarkanis 0431391035

*Approx

HIGHEXPOSURERETAILOPPORTUNITY

1/18-26CanterburyRoad,HeathmontVIC

EXPRESSIONSOFINTEREST

•Zoning|Commercial1

•Buildingarea|210sqm*

•Landarea|238sqm*

•1of3units

*Approx

17/17-19MilesStreet,MulgraveVIC

•Rearlanewayaccess

•Prominentsignageopportunity(STCA)

•SuitableforRetail,Restaurants,Medicaland Showrooms(STCA)

SALE

•Buildingarea|61m2*

•Return|$18,000p.a.

•Securelease|2+2+2years

•CarSpaces|2ontitle

*Approx

BrettDiston 0439365532

brett.diston@raywhite.com

raywhitecommercialdistonassetservices.com

•Easyaccesstomajorarterials

•IdealSMSFinvestment|circa5%yield

•Kitchenette

•Commonareatoilets

BrettDiston 0439365532

brett.diston@raywhite.com

raywhitecommercialdistonassetservices.com

73-75Kingsway,GlenWaverleyVIC

LEASE

•Floorplatesbetween95m2*and143m2* plusbalconies

•4tenanciesofferingfood, entertaining-based&office/medicaluse

•Over6levels,setforconstruction commencementinthecomingmonths

•LocatedinGlenWaverley'sbusiestdining andentertainmentprecinct

RyanTrickey 0400380438

ryan.trickey@raywhite.com

WillJonas 0422883011 will.jonas@raywhite.com

PROFESSIONAL,DOUBLESTOREYMODERNOFFICESPACE

6/45-57NormanbyRoad,NottingHillVIC

LEASE

•PositionedwithinthehighlyregardedNormandyBusinessPark.

•Designedforvariousbusinesstypes&industries

•OfficeArea-207sqm

•6allocatedparkingspots

RyanTrickey 0400380438

ryan.trickey@raywhite.com

AdrianSheer 0403083924 adrian.sheer@raywhite.com

VACANTDEVELOPMENTSITEINMOUNTALBERT

107-109AHendonAvenue,MountAlbertAuckland

SALE

Tender Closing4.00pm, Thursday6th April 2023

•935sqmVacantSite

• Substantial 42mFrontageontoHendonAve

•TerracedHousingandApartment Building zone

•16mHeightLimit

• Close proximitytoPak’nSaveMt Albert and Westfield StLukes

•NearbytoMt Albert train station,local busnetworksandSH20

Mark Atterbury 021809787

mark.atterbury@raywhite.com

JackLewis 0226445619

jack.lewis@raywhite.com

rwcommercialauckland.co.nz

RayWhiteCommercial(Auckland)-Licensed(REAA2008)

MEDIUMDENSITYDEVELOPMENTSITEWITHSCALE

113-123AHendonAvenue,MountAlbertAuckland

SALE

Tender Closing4.00pm, Thursday6th April 2023

•3,008sqmVacantSite

• Substantial 124mFrontageontoHendonAve

•TerracedHousingandApartment Building zone

•16mHeightLimit

• Close proximitytoPak’nSaveMt Albert and Westfield StLukes

•NearbytoMt Albert train station,local busnetworksandSH20

FinnHurst 0276888970

finn.hurst@raywhite.com

JackLewis 0226445619

jack.lewis@raywhite.com

rwcommercialauckland.co.nz

INVESTMENT-AREALFRONTRUNNER

130WrightsRoad,Addington,Christchurch,Canterbury

SALE

By Negotiation +GST(ifany)

Fullyleased,contemporary,standalone,A-grade office building. This prestigious 3-levelbuildingof1,927.3m2*isenergy efficient, highspec'd,has flexiblefloor plates withspectacularviewsoverlookingtheparklike setting ofAddingtonRacewayand towardsthePortHills. Wellleasedto multinationalfin techcompanyFISand Vodafone. Totalpassingrental$638,240.17pa*+GST. Largelandareaof4,336,2* providing82*onsitecarparks. Desirablecityfringe location.

paula.raine@raywhite.com

THREEBUNBURYOCEANFRONTSUPERLOTS

Lots1&2of75&Lot76OceanDrive,BunburyWA

•outlineindicativeonly *approximately

EXPRESSIONSOFINTEREST

Closing29Mar2023at4pm(AWST)

ZonedtourismR-AC0withpotentialforpermanentresidentialdevelopment

•Lot1-3,744m2 | Frontage57m*

•Lot2-7,550m2 | Frontage78m*

•Lot76-16,491m2 | Frontage191m*

•Combined-27,785m2

*Approx

BrettWilkins 0478611168

brett.wilkins@raywhite.com

MickCaddy EldersBunbury

mick.caddy@elders.com.au

RETAILGOLD

223-225&227MurrayStreetMall,PerthWA

EXPRESSIONSOFINTEREST

ClosingThurs,9March2023

•100%leasedtoZara&CityBeach

•1,741sqmsite

•3,007sqm*NLA

•30metrefrontagetoMurrayStreetMall

•WALE6.78years

BrettWilkins 0478611168

brett.wilkins@raywhite.com

HIGHQUALITYPROFESSIONALOFFICES!

3/345KingWilliamStreet,AdelaideSA

LEASE

PriceonApplication

•Approx.80sqmconsistingofareceptionandwaitingarea,3officesplusastorageroom

•AshortwalktotheAdelaideCourtHouse

•Disabledaccess,swipesecurityaccess,liftaccess,ductedR/Cairconditioningandacommon kitchenareaprovidinglowmaintenance

IanLambert 0413155665 ian.lambert@raywhite.com

ATTENTIONMEDICALORALLIEDMEDOWNEROCCUPIERS

140BelairRoad,HawthornSA

SALE

Priceuponenquiry

•Groundfloorconsultingroomsof228m2approx(grossbuildingarea)

•Excellentinnersouthernsuburbanlocation

•Highprofilecornersiteof369m2approx

•Passingincomeof$84,879panet+GST

TonyRicketts 0418827911

tony.ricketts@raywhite.com

•66sqmNLA

•PrimeEastEndlocation

•IncludesKeenofficefurniture&fitout

•3xpartitionedofficesandaboardroom

Thursday16thMarch11:30AMOn-Site

•Substantialsiteareaof822squaremetres*

•15.4metre*frontage

•ZonedCommercial-DistrictCentre

•4rooms,openworkspace

•kitchen&bathroomonsite

•NewductedreversecycleACunit

•Securitysystem&NBNtopremises(FTTP)

•Multipleon-sitecarparks

MattLazarus 0430745100

matt.lazarus@raywhite.com

MattLazarus 0430745100

matt.lazarus@raywhite.com

MannasChan 0451858389

mannas.chan@raywhite.com

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