Ray White Portfolio Magazine - April 2023

APRIL 2023

ARE SHOPPING CENTRES DEAD?

CHILDCARE VOLUMES DOWN, BUT DEMAND STILL VIBRANT

FEMALE AUCTIONEER SMASHING THE GLASS CEILING

NOTEWORTHY NEW ASSETS UNDER MANAGEMENT

THIS MONTH IN PORTFOLIO

As we’ve rounded the corner of the first quarter of 2023, we’re proud to bring you the April edition of Portfolio magazine.

In this edition we introduce you to Chantel Dielwart, a trailblazing commercial agent who has become Ray White Commercial’s first female auctioneer. We hear about how Chantel’s career path led her to the commercial sector, and eventually auctioneering.

Commercial property expert Ray White head of research Vanessa Rader addresses two popular asset classes, childcare centres and shopping centres, and how they are trending in 2023.

Vanessa says demand for childcare centres is still strong despite a slowdown in transaction rates, reflective of the current interest rate environment. Demand for shopping centre assets will also remain, according to

Vanessa, as the need for supermarkets and food based retail keeps brick-and mortar retail alive.

We also take a look at some of the top assets and management by Ray White Commercial’s stellar property management teams across the country.

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

HEAD

OPERATIONS

CHILDCARE VOLUMES DOWN, BUT DEMAND STILL VIBRANT ACROSS THE COUNTRY

This year has started off quietly for the childcare sector with limited transaction activity across the country. Despite a slow down in completed transactions early in 2023, there continues to be robust levels of private investor demand, with those assets on the market generating a high volume of enquiry. During 2022 the decline in activity moved inline with the growing interest rate environment which deterred investment demand, notably from smaller private buyers. Volumes, however, still achieved $769 million across the country, albeit a 26.45 per cent decline from the strong 2021 results which achieved over $1 billion.

Childcare remains an attractive asset class despite the changing market fundamentals. The strong government subsidies on offer have ensured that occupancy levels remain elevated and rental growth built into most lease structures is attractive. With changing expectations surrounding yields, volumes are expected to remain low in 2023 as owners hold onto assets. There could, however, be a greater volume of distressed sales, particularly those inexperienced buyers who bought at the peak of the market for secondary type assets (both in quality and location) if continued interest rate movements occur.

While volumes for established assets are down, there has been an uptick in development assets coming to market this year.

CHILDCARE INVESTMENT REDUCING INLINE WITH INTEREST RATES

Australian sales volume ($)

A combination of higher financing costs together with elevated building rates has put pressure on some developers/vendors, causing them to reconsider their future development plans. Encouragingly, however, is the ongoing demand to occupy these assets. The strong population growth experienced across the country has resulted in many of these developments able to secure precommitment tenants and leasing activity has seen improvement.

NATIONAL CHILDCARE YIELDS GROW

Divide between regional and metro areas increase

Looking ahead, childcare will continue to be an asset in strong demand given strong fundamentals of population growth and high occupancy. The ongoing subsidies offered ensures both vacancy remains limited and daily rates are pressured upwards, the strong leasing enquiry testament to the viability of childcare operations and the ongoing attractiveness for ownership due to its secure income stream. While volumes may be down this year, the growth in yields has not echoed other commercial asset classes given the longer term confidence and ongoing returns for investors.

Investment yields have seen some movement over the last few years, with the divide between metropolitan and regional assets continues to widen, as a flight to quality in location and asset continues by experienced investors. In 2022 we saw average yields for Australian metropolitan assets remain sub 5.00 per cent after falling to 4.32 per cent in 2021, as we moved into 2023 average yields have increased upwards averaging between 5.20 per cent and 6.00 per cent depending on location. For regional assets the growth has been at a more rapid pace, with the current average approaching 7.00 per cent after falling to as low as 6.15 per cent in 2021.

Head of Research

VANESSA RADER

RAY WHITE COMMERCIAL INTRODUCES FIRST FEMALE AUCTIONEER

Ray White Commercial has its first female auctioneer after Sunshine Coast agent Chantel Dielwart successfully completed her auctioneer training.

Chantel has smashed the glass ceiling in the usually maledominated auctioneer space, obtaining her accreditation late last year.

After starting her real estate career as a residential agent in Rockhampton in 2008, Chantel moved home to the Sunshine Coast in 2015 to work at Ray White Noosa.

Deciding it was time for a new challenge following 13 years in residential real estate, Chantel moved to Ray White Commercial Noosa & Sunshine Coast North, where she has built a reputation for her enthusiasm and outstanding results.

The ambitious, high-achieving agent has always loved to sell property and entertain people, so becoming an auctioneer was an obvious next step in an already successful career.

“There weren’t many female auctioneers, so I saw a challenge and thought, ‘I need to do this!’,” Chantel said.

“It was always on my mind when I was working in residential. However, fear held me back so I never moved forward. Now life is going by quickly so whenever I feel that fear, I try to run towards it.”

Chantel completed her auctioneer’s course through Complete Property Training on the Sunshine Coast. The training covered all the legal and technical aspects plus practical coaching to develop her unique auction call.

“The trainers were amazing – now I feel confident to keep moving forward with it,” she said.

“I am yet to call my first auction which I’m both excited and terrified about.”

Chantel is unphased by entering the male-dominated auctioneering domain, with the team at Ray White Commercial Noosa & Sunshine Coast North and the broader auction team offering support every step of the way.

“I have been tailing another successful auctioneer and have watched him call over a hundred auctions, as well as doing mock auctions of my own, which is a great way to learn and prepare,” Chantel explained.

“I am also doing follow-up training with Ray White Queensland chief auctioneer Gavin Croft, who is known as one of the finest auctioneers in the country, so I’m eager to learn from a master of the craft.”

Chantel continues to strive to set the bar higher. With numerous customer service and sales awards already under her belt, Chantel looks forward to finding her voice as an auctioneer and achieving more exceptional outcomes for her clients.

“Auctions are dynamic, interesting and fast-paced and every auction is different. I am so excited to keep growing and expanding this part of my career,” Chantel said.

Chantel is hopeful that although she is the first female auctioneer at Ray White Commercial, she won’t be the last, and that other women in the commercial property sector will feel encouraged to give auctioneering a shot.

“There aren’t many female auctioneers in general and especially not in the commercial sector,” she said.

“A female presence in the industry presents a thrilling opportunity bringing a fresh approach, bucketloads of empathy, and strong attention to detail.”

ARE SHOPPING CENTRES DEAD?

The competition from online retail is real. Online retail sales have been growing over the past 10 years, and while it has come back from the highs during COVID-19, it still remains an active segment of the market which is highlighted by the increased needs in industrial logistics and storage accommodation. This increase is most sizable in the non-food segments which is echoed by the reduced footprint of clothing and soft goods, and department stores across brick and mortar retail premises. Over the last year, non-food online retailing accounts for 16.5 per cent of all retail sales while food represents just 5.6 per cent after peaking at 7.4 per cent during the pandemic.

With a total 10.3 per cent of all retail sales being online, and this low food segment (which is our largest retail consumable), the ongoing need for brick and mortar retailers, particularly in the food sector, will ensure the continued need for shopping centres anchored by supermarkets. So shopping centres are not dead, however, the tenant types which occupy brick and mortar retail are certainly changing, with a greater weighting to food and service type industries.

AUSTRALIAN ONLINE RETAIL SALES

Seasonally adjusted, monthly

During 2022, there were over $14.56 billion in retail assets which transacted across Australia, highlighting a strong confidence in this asset class by a range of private and institutional investors. Convenience and neighbourhood assets remain in high demand given this attraction to food, often anchored by a supermarket and home to supplementary specialty food retailers. Returns data from MSCI also suggests that sub-regional and neighbourhood centres have outperformed across both capital and income returns over the last year compared to larger major and super regional centres. Across the country, total returns for retail have averaged

6.8 per cent in 2022 ahead of office assets, due to consistent income returns despite limited capital appreciation.

While traditional food retailing continues to grow its share of retail trade, so too have cafes, restaurants and take away food services. However, this more discretionary food sector is expected to be hit due to the changing household balance sheet, given the increased interest rate environment. Another burgeoning discretionary sector has been that of luxury goods. There has been a strong uptick in luxury brands growing their retail footprint in Australia in major CBDs, growing suburban communities and tourism destinations. Anticipated robust tourism levels and the attractive Australian dollar for overseas visitors is likely to spur on this segment during a time where domestic discretionary spending levels out.

There is an expectation that pressure on yields will continue throughout 2023; high street retail yield movements are likely to be in response to the lease covenant, quality and location. With increased land tax attracted to many commercial assets this year, this is another pressure point for owners which may see greater distressed assets come to market which may also impact these rates. MSCI data highlights neighbourhood centres with their strong relationship with food are yet to show any yield growth remaining stable at 5.4 per cent, whereas larger assets have shown early signs of growth in capitalisation rates.

Therefore with the continued increase in interest rates the likelihood of further yields increases are high across all retail types. However those assets with leases tied to turnover (particularly food retailers) and rental increases aligned with CPI will still enjoy strong income returns and may sacrifice short term capital gains keeping yields reasonably competitive. As buyers continue to look towards these assets and our shopping trends still see us visiting these centres and stores, retail is far from dead but our expectations and experiences will continue to evolve.

RAY WHITE COMMERCIAL ASSETS UNDER MANAGEMENT

Ray White Commercial manages properties across all asset classes right across Australia. Take a look at some of our top managements from across the nation. Ray White Commercial will have a management specialist located right near your property, so enquire with us today.

4,004sqm* retail showroom complex anchored by national brand ‘The Good Guys’ Ray White Commercial Bayside

GLADESVILLE, NSW

7,000sqm* industrial complex next to major arterial road

Ray White Commercial Sydney City Fringe

Modern neighborhood shopping precinct with a strategic tenancy mix

Ray White Commercial Glen Waverley

ADELAIDE, SA

Recently upgraded office building adjacent the new Adelaide Calvary Hospital

Ray White Commercial Adelaide Asset Management

Free standing dual warehouse industrial asset

Ray White Commercial Northern Corridor Group

4 level office building

Ray White Commercial WA

CAPALABA, QLD

CRANBOURNE EAST, VIC

KUNDA PARK, QLD

WEST PERTH, WA

URGENTSALE-PERMANENTMANAGEMENTRIGHTS

PeaseStreet,CairnsQLD

SALE

Price $695,000 - $290,000 Real Estate $405,000 Business

• Motivatedvendor requiresaquicksale for movingcities

•Long-termcaretaking andletting agreementsto30June2040(+17yrs)

•Desirable location, proximitytoPease Streetcafes,bars,restaurants

*Approx

• $105,337* Projected full-yr net profit (based on 1/8/22-31/03/23 P&L)

• $80,071*p.a. Currentcaretakersalary; locked-in CPIannualincreases

•Lowhours & lowmaintenancecomplex

CraigCornish 0414897256

c.cornish@rwsp.net

100%LEASEDMULTI-TENANTEDINVESTMENT

6Alison Crescent,Russell IslandQLD

Indicative Only

AUCTION

Thursday13Aprilat11am,GoldCoastTurfClub,Bundall

•Ideal for SMSF & investors

•Medical & government tenants

•Established long-term tenants

•Net income $80,872.00* + GST

• Net lettable area 293m2* + common area

*Approx

•Land area 1,282 m2*

•Must be sold, don't miss this opportunity

HarryDevine 0411877933

h.devine@rwsp.net

Justin Lowe 0481004765

j.lowe@rwsp.net

Thursday 13 April at 11am, Gold Coast Turf Club, Bundall

•Idealcorporateheadquarters

•355m2*ofquality, fittedoffice across two-levelsbeing;Ground floor 60m2*& firstfloor 295m2*

•696m2*landparcelwith Mixed-use/FringeBusinessZoning

*Approx

•BrandnewLEDlight fittings

•Commercialcarpet&internalrepaint completed

•10on-sitecarparksincl.4undercover

• Practical, professional fit-out delivered asnew

LukeBoulden 0423159170

ClosingThursday20Aprilat4pm

•Includes2securecarparks

•EstablishedMedicalPrecinct5km*south ofBrisbaneCBD

•Strategiclocationforlogistics,warehousing andbusinessservices

•Fantasticexposureandsignage opportunities

DavidHighman 0488109768

david.highman@raywhite.com

DavidHighman 0488109768

david.highman@raywhite.com

MULTITENANTEDASSETWITHUPSIDE

60MachineryStreet,DarraQLD

SALE

•1,293sqmfunctionaloffice/warehouse

•Solidbrick&tiltpanelconstruction

•Diverseincomestreamover5units

•Fullyleasedat$143,115Net(approx.)

•Waleof2.4years

•Floodfreelocation

•Lowsitecoverageof32%

•4,010m2oflandarea

MattWray 0408730943

matt.wray@raywhite.com

raywhitecommercialsouthwest.com.au

TILTPANELNATIONALMEDICALINVESTMENT

3-5HenryStreet,LoganholmeQLD

SALE

•1,100sqmofGFA

•1,721sqmsite

•540sqmHighClearspanwarehousearea

•560sqmCorporateofficefitout

•Modernandwellkeptofficeovertwolevels

•Cleanandtidykitchenetteandamenities

•Ample3phasepoweravailableonsite

•Excellenttruckaccessavailableonsite

JaemsBalfour 0411404249

j.balfour@raywhite.com

LachieHale 0414911099

lachie.hale@raywhite.com

raywhitecommercialsouthwest.com.au

24&25/110-112DicksonWay,PointLookoutQLD

EXPRESSIONSOFINTEREST

•Beachfrontrestaurant,bar&functionarea

•Largelyfitted-outkitchenwithexhaust canopy,gascooktop,grillanddishwasher

•ViewsofCylinderBeach

•DrawstrafficfromAnchorageResortand mainarterialroadsignageandexposure

•Optiontobuya1bedroomapartmentin AnchorageResortwithcommercialsale

NathanMoore 0413879428

nathan.moore@raywhite.com

raywhitecommercialbayside.com

WELL-ESTABLISHEDCAFEBUSINESSANDPREMISES

44/43-57EastCoastRoad,PointLookoutQLD

EXPRESSIONSOFINTEREST

•Offeredasagoingconcernincbusiness, freeholdlot,building,plant,andequipment

•Fullyfitted-outrestaurantandcafewith seatingfor70peopleonNthStradbrokeIs

•Internaldining/kitchenarea,rearcourtyard andcoveredfrontalfrescodiningarea

•LocatedoppositeHomeBeach

•FormspartoftheAllureStradbrokeResort

NathanMoore 0413879428

nathan.moore@raywhite.com

raywhitecommercialbayside.com

MODERNSHOWROOMWAREHOUSE

182ScottStreet,Cairns,QLD

SALE

$2,460,000

ProminentScottstreetpresencewithmodern showroomofficewithpolishedconcretefloors perfecttohaveadisplayandmeetingrooms.

*Approx

•Recentlyfullyrefurbished,triplenettROI $150,000forfirst12months.

•Warehouse:434*/Office/Show:153*

•SecuredHS:197*/10onsitecarparks

ONEWITHTHELOT

13/10-12CharlotteClose,Woree,CairnsQLD

SALE

•102sqm*retailspace

•TenantedbyPizzaDelMondo

•Lease2021-2024plus2x3yearoptions

•BusyShoppingVillagesouthofCairns

*Approx

•Coolroomandexhaustcanopy

•Largeprepareaandstoreroom

•SalePrice$260,000

HelenCrossley 0412772882

helen.crossley@raywhite.com

GrantTimmins 0422534044

grant.timmins@raywhite.com

raywhitecommercialcairns.com

SusanDoubleday 0408038380

susan.doubleday@raywhite.com

GrantTimmins 0422534044

grant.timmins@raywhite.com

raywhitecommercialcairns.com

35PiperStreet,CabooltureQLD

EXPRESSIONSOFINTEREST

ClosingThurs20Apr,4pm

•1,908m2freeholdallotment

•PublicAutomatedWeighbridgebusiness

•Operatedforover20years

•Cornersitewithtwostreetaccess

*Approx

149StationRoad,DeagonQLD

•InspectionStationleasedtoDept.Transport

•Combinedincomeof $223,820.25*netP/A

•QuickaccesstoBruceHwy&D'AguilarHwy

ChrisMassie 0412490840

chris.massie@raywhite.com

raywhitecommercialnortherncorridorgroup.com.au

SALE

•3,094m2*freeholdmarineindustrylot

•Leaseholdmarinawithnew20yearlease

•Residencewithofficeandmarineworkspace

•Passingincomeof$317,000*grossP/A

*Approx

•Wet&dryboatstoragewithdirectdeep wateraccess

LukeHobman 0434053164

luke.hobman@raywhite.com

ChrisMassie 0412490840

chris.massie@raywhite.com

raywhitecommercialnortherncorridorgroup.com.au

DAAPPROVEDUNITSITE(MIP)

35IngleburnRoad,LeppingtonNSW

Artist'sImpression

AUCTION

Tuesday18April2023at10:30am-AuctionWORKS,50MargaretSt,Sydney

•DAapprovedfor82apartments,across3buildings

•SiteAreaof5,613sqm*

•ApprovedGFAof6,681.86sqm*

•Favourableunitmix

•Streetfrontageof80m*

•MortgageeinPossession(MIP)

*Approx

SamuelHadgelias 0403254675

shadgelias@raywhite.com

MichaelKhouri 0420989353

michael.khouri@raywhite.com

raywhitecommercialsc.com

SUBSTANTIALFREEHOLDINVESTMENTW/UPSIDE^

6-6ABoyleStreet,SutherlandNSW AUCTION

Locationsindicativeonly

Tuesday4April2023at10:30am-AuctionWORKS,50MargaretSt,Sydney

•2xretailand1xcommercialtenancies,currentlyfullyoccupied

•Fullyleasedrentalincomeof$276,000+GSTperannum*

•ZonedB3CommercialCore

•Landsizeof588sqm*

•HeightLimit-30m;FSR3.5:1

•Futuredevelopmentupside^

*Approx^SubjecttoCouncilApproval

SamuelHadgelias 0403254675

shadgelias@raywhite.com

Leslie(Yifu)Li 0403261752 leslie.li@raywhite.com

$140,000PAGross+GST

Wellappointed1stfloorofficeideallysituatedaboveAldiSupermarketwithUnion StreetfrontageinCooksHillprovidingforeaseofaccess.

•487m2*ofairconditionedspace

•Abundantnaturallightandopeningwindowsprovidingfornaturalventilation

•10(ten)allocatedparkingspaces

*Approx

LeeFollington 0417443478

lee.follington@raywhite.com

VIEWSOVERWYNYARDPARK

Suite402,50MargaretStreet,SydneyNSW

LEASE

•Aream2:500.9*

•GrossRentalPA:$548,486

•Newspecfit-outjustcompletedand readytooccupy

•Unmannedreception,14pboardroom,3 meetingrooms,2offices

*Approx

•Rent$/m2:$1,095

•Approx46desks,largekitchen,breakout withpooltable

•WynyardParkviews,fantasticnew amenityat1CarringtonSt

AnthonyHarris 0409319060

aharris@raywhite.com

JeremyPiggin 0413336161 jpiggin@raywhite.com

RARECENTRALSYDNEYDEVELOPMENTOPPORTUNITY

806-812aGeorgeStreet,HaymarketNSW

EXPRESSIONSOFINTEREST

•B8/SP5MetropolitanCentrezoning(7.5:1FSRand50mHOB)

•Positionedwithin250m*ofSydneyCentralTrainStationandHaymarketLightRail

•Significantholdingincomebywayofleaseswithfavourabledemolitionclauses

•DualstreetaccesstoGeorgeStreetandStLaurenceLane

•24.5m*frontagetoGeorgeStreet

•Idealforstudentaccommodation,co-living,hotelorcommercial(STCA)

*Approx

VictorSheu 0412301582

victor.sheu@raywhite.com

ClosingThursday,20April2023at4pm. raywhitecommercialwesternsydney.com

HIGHLYSOUGHTAFTERLOCATION

28MariusStreet,TamworthNSW

AUCTION

Thursday,4thMay2023

Thesite'slocationoffersunparalleledconvenience,witheasyaccesstotheNorthgate shoppingcentre,CBD,hospital,medicalprecinct,multipleschoolsandtafe.

•Landsize5,251sqm(approx.)

•DAApproved-Twelveunitdevelopment

•Fiveduplexesandtwoseparateunitswithdisabilityaccess

•Opportunitieslikethisarearareoffering,calltodayforaninformationmemorandum.

TysonRennie 0402676611

tyson.rennie@raywhite.com

raywhitetamworth.com

136-138GilmoreRoad&30-32JohnBullStreet,QueanbeyanNSW

OutlineIndicativeOnly

EXPRESSIONSOFINTEREST

ClosingThursday20thApril2023

•Land3,024m2 over4titleswith2xwarehouses-900m2*GFA

•Refurbishedshowroom/offices

•Possibilityfor4tenancies

•3-PhasePower

*Approx

ONCEINALIFETIMEOPPORTUNITY

Unit120/43HibbersonStreet'GungahlinSquare',GungahlinACT

EXPRESSIONSOFINTEREST

ClosingThursday27thApril2023

•LocatedintheheartofGungahlinTownCentre

•1,326sqmofretailspace

•1,461sqmofundergroundcarparks

•Beingsoldvacantpossession

FrankGiorgi 0403839822

frank.giorgi@raywhite.com

PietteRoberts 0862751416

piette.roberts@raywhite.com

raywhitecommercialcanberra.com.au

StevenShang 0411374432

steven.shang@raywhite.com

FrankGiorgi 0403839822

frank.giorgi@raywhite.com

raywhitecommercialcanberra.com.au

1/21JerseyRoad,BayswaterVIC

13thofAprilat1:00pmonsite

•BuildingArea954sqm*

•TenantedInvestment

•$81,000perannumplusGST&Outgoings

•Three(3)PhasePower

•Industrial1Zone(IN1Z)

*Approx

MitchRosam 0402355805

mitch.rosam@raywhite.com

BreeTaylor 0438424807

bree.taylor@raywhite.com

raywhitecommercialferntreegully.com

HIGHCLEARANCE,CLEARSPANFREEHOLD

123-125BamfieldRoad,HeidelbergWestVIC

LEASE

•Buildingarea|1,550sqm*

•Landarea|2,200sqm*

•2levelofficeamenities

•Highclearancecentralrollerdoor

*Approx

•3phasepower

•Zoning|Industrial1

•Onsitesecurecarparking

•Rearundercoverhardstand+sideaccess

ENTRYLEVELINVESTMENT

17/17-19MilesStreet,MulgraveVIC

SALE

•Buildingarea|61m2*

•Return|$18,000p.a.

•Securelease|2+2+2years

•Carspaces|2ontitle

*Approx

•Easyaccesstomajorarterials

BrettDiston 0439365532

brett.diston@raywhite.com

CameronBarber 0431176786 cameron.barber@raywhite.com

raywhitecommercialdistonassetservices.com

•IdealSMSFinvestment|circa5%yield

•Kitchenette

•Commonareatoilets

BrettDiston 0439365532

brett.diston@raywhite.com

raywhitecommercialdistonassetservices.com

OFFICEWAREHOUSEINTHRIVINGINDUSTRIALPOCKET

24/536ClaytonRoad,ClaytonSouthVIC

AUCTION

•120sqmwarehouse&officespace

•Bathroompluskitchenettefacilities

•Onsiteparkingfor3vehicles

•Well-maintained,moderncomplex

•Primepositioningnearmainarterials includingClaytonRoad,WarrigalRoad, CentreRoad,DingleyBypass,PrincessHwy, MonashFreewayandtheEastlink.

ESTABLISHEDMEDICALCENTRE

696FerntreeGullyRoad,WheelersHillVIC

AUCTION

Thursday20thApril1:00pm

•PrimeMainRoadExposure

•BuildingArea:100sqm*

•Secureonsiteparkingfor8vehicles

•GeneralResidentialZone(GRZ)

•Fourlargeconsultingroomswithwaiting area,reception&staffoffice

•OfferedwithVacantPossession

JamiePagourelias 95669874

AdrianSheer 0403083924 adrian.sheer@raywhite.com

raywhitecommercialglenwaverley.com

RyanTrickey 0400380438 ryan.trickey@raywhite.com

WillJonas 0422883011 will.jonas@raywhite.com

raywhitecommercialglenwaverley.com

•Combinedbuildingarea|124m2*

•Totallandarea|233m2*

•Comprisingvacantshopfront|59m2*

•Renovated2xbedroomresidence|65m2*

•Currentrentalincome|$20,592p/a

•Commercial1Zone(C1Z)

RyanAmler 0401971622

ryan.amler@raywhite.com

GeorgeGanavas 0478634562

george.ganavas@raywhite.com

SALE

TheoKarkanis 0431391035 •MultiLevelwarehouse/showroom/offices •Combinedbuildingarea|243m2*with balcony •Fullyenclosedshowroom/officeswithample naturallight&high-qualitycarpet •Floortoceilingtilestoallbathrooms •Sealed&polishedconcreteflooring

GeorgeGanavas 0478634562

*Approx

•Remainingbuildingareas|2x229m2*

•Excellent8.5m*internalclearance

•Electricmotorisedrollerdoors

•Kitchenette,shower&disabledtoilet

•3phasepower&NBNready

•Three(3)on-titlecarspaces

TheoKarkanis 0431391035

GeorgeGanavas 0478634562

*Approx

OCCUPY&INVEST-VACANTPOSSESSIONOFFERED

138AbernethyRoad,BelmontWA

SALE

•1,079m2*land|988m2*freestandingbuilding

•Splitinto2x204m2*units+2x250m2*unitspluscommonareaof80m2*

•Abilitytoseparateinto1-4tenancies

•28parkingbays

ChrisMatthews 0413359315

chris.matthews@raywhite.com

BrettWilkins 0478611168

brett.wilkins@raywhite.com

ClosingFriday,28April2023at4pm(AWST) raywhitecommercialwa.com

LEASEINTHEHEARTOFTHEADELAIDECBD

315/147PirieStreet,AdelaideSA

LEASE

Priceuponenquiry

AgreatopportunitytoleaseanofficespacerightintheheartoftheAdelaideCBD.The tenancyisapprox.84sqmandisonlevelthree,locatedwithintheAurorabuilding.It providesexcellentamenitiesincluding24hourCCTVandswipecardaccess.Youwill alsohaveaccesstouseofallcommonareasandfacilitiesincludingthegroundfloor concierge,useofskydeck/rooftoprecreationalandentertainingarea,lappool,spa, sauna/steamroom,gymnasiumandoptionaluseofboardroomandfunctionfacility.

IanLambert 0413155665

ian.lambert@raywhite.com

LARGEPRIMEDUALWAREHOUSESWITHFULLCANOPY

45ProducePlace,Islington/Hornby,Christchurch

LEASE

ByNegotiation+GST+outgoings

PopularlogisticslocationofIslington/Hornbybeingclosetomajorarterials.Twolargehighstud (8.7m-12.2m)warehouses8,162m2*and3,015m2*linkedbyafullcanopy2,534m2*.Totalarea upto13,711m2*.Multiplecontainerheightrollerdoors(7)+(5).Dualentryanddrive-thru access.Largesecureyardareawithtruckwash.MPIcertification.Leaseoneorboth.

*Approx

OWNEROCCUPIEROPPORTUNITY

Unit6,22LowtherStreet,Sockburn,Christchurch

SALE

DeadlineSaleClosing4pmWednesday19thApril2023(unlesssoldprior)

Well-presentedwarehouseunitof550m2*.HandylocationclosetotheSockburnroundabout providingeasyaccesstoandfromthecity.Warehouse440m2*,offices/amenities110m2*. Amenitiesincludeashower.Electriccontainerheightrollerdoor,3phasepower,goodnatural light,5onsitecarparks.75%NBS.

*Approx

PaulaRaine +64272214997

paula.raine@raywhite.com

PaulaRaine +64272214997

paula.raine@raywhite.com

RAY WHITE COMMERCIAL KNOW PROPERTY MANAGEMENT

Over 10,000 tenancies managed across Australia and New Zealand

Utilising the most up to date technology to ensure your investment is always performing at its optimal level

Over 140 property management specialists, supported by over 350 industry-leading commercial agents in over 49 locations across Australasia