Ray White Portfolio Magazine - May 2023

COMMERCIAL CRANE COUNT ON THE SKYLINE

DEMAND FOR CHILDCARE DEVELOPMENT SKYROCKETS

HEALTHCARE ASSETS POST PANDEMIC

COMMERCIAL PROFESSIONALS OPTING FOR A SEACHANGE

THIS MONTH IN PORTFOLIO

We’re excited to present to you the May edition of Portfolio magazine.

In this edition we speak to Ray White Commercial agents and property managers who have made a sea change while staying within the Ray White family. These Ray White Commercial members have moved from as far as New Zealand, with one person making the transition from commercial property manager in Auckland, to sales and leasing agent in Noosa.

We also take a look at what’s happening in the market, with our head of research Vanessa Rader comparing the number of cranes on the skyline to the number of nonresidential construction approvals.

QUICK JUMP TO A REGION

Our agents in Western Sydney share their experience with childcare development sites, with five selling in just 30 days.They discuss why these assets are in such high demand.

Each month Vanessa hosts a Between the Lines Live webinar and speaks to a panel of industry experts. We summarise the last webinar where experts discussed the healthcare asset sector.

ANDREW FREEMAN HEAD OF AGENCY OPERATIONS

FIVE CHILDCARE DEVELOPMENT SITES SNAPPED UP AS DEMAND SKYROCKETS

Five childcare development sites have sold in just 30 days in Sydney’s western suburbs, to a total of $14.265 million.

Located at Rooty Hill, Bankstown, Guildford, Auburn and Toongabbie, all five sites were sold by Ray White Commercial Western Sydney director Joseph Assaf, senior sales executive Jai Sethi and sales associate Andrew Sacco.

All the sites were snapped up by various childcare owner operators and range from 58 - 120 places.

“Owner operators are keen to cut out the development approval and pay a premium for already approved sites that can start straight away,” Mr Assaf said.

“Demand has been very strong, and that led to competitive bidding in the case of the Auburn and Toongabbie sites which were sold at auction, with multiple offers received for Rooty Hill, Guildford, and Bankstown including short settlement terms to secure the sites.”

Mr Sethi said demand for childcare services had remained robust.

“Driven by the government’s strong support for the childcare sector, and the upcoming increase in subsidies up to 90 percent from July 2023, childcare operators are aggressively expanding their businesses to capitalise on the sustained demand,” he said.

Historically, the Ray White Commercial Western Sydney team

has transacted over $74 million worth of property within the childcare sector alone.

Head of research Vanessa Rader said childcare remained 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,” Ms Rader said.

“With changing expectations surrounding yields, volumes are expected to remain low in 2023 as owners hold onto assets.

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

“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.”

PLENTY OF OPPORTUNITY FOR A SEA CHANGE WITH RAY WHITE

Born and raised in Tweed Heads, Bec was doing long distance with her partner for two years, while he was in Queensland and she was in Victoria, and she decided it was time to make the move back to Queensland.

“The team at Noosa have been really welcoming and made the transition very easy,” Bec said.

“The legislation and commercial property management are different to what I have worked in previously, but I enjoy being more well rounded and across the different aspects in real estate while implementing what I have previously learnt.

“I’m grateful to have been offered the role while I was still living in Melbourne prior to the move and of how supportive they have been around the transition.

“I think if people have the opportunity to be able to move somewhere else permanently or for a duration and remain within a network which you know looks after their staff, Ray White will have long term employees being able to deliver more well rounded service to all types of clients which in turn I believe generates more business.

Phoebe took the phrase “sea change” literally, swapping the Indian Ocean for the Pacific Ocean when she moved from Ray White Commercial WA to Ray White Commercial Gold Coast.

“I fell in love with the Gold Coast after being lucky enough to go there for the 2022 Connect Conference,” she said.

“I loved the city as there was so much going on and seemed like lots of opportunities for weekend adventures.

“My boyfriend got a great opportunity through his work as well so we decided to take the leap.

“There was no doubt I wanted to stay in the Ray White family and I was so grateful to be offered a position at Ray White Commercial Gold Coast.”

Excited for new challenges, Phoebe said there were so many opportunities involved in working with an international real estate group.

“With Ray White being such a large family, there are definitely a lot of opportunities within the network should you want, or need to move around the country.

“I had great support from Ray White Commercial property management BDE Leteicha Wilson and I am extremely grateful to her, Chris Mattews and Steve Harrison from Ray White Commercial WA, and Amber Roberts and Greg Bell from RWSP.

“I look forward to growing my career within the network for many years to come.”

After moving to New Zealand with her husband for a work opportunity, Rachel found herself working at a Ray White Commercial business in Auckland as a property manager and part time sales agent, after 15 years working in residential property property management.

Originally from Mt Isa, but having also spent time living on the Sunshine Coast, Rachel decided it was time to move home for a bit of normality.

“Ray White Commercial property management BDE Leteicha Wilson was in her support,” Rachel said.

“She helped me make important decisions about where I should go, should I take the plunge and be a full time agent, etcetera

“I am now working as a full-time sales and leasing agent with Ray White Commercial Noosa and Sunshine Coast North.

“I love my team here and I am so blessed.”

Bec moved from Victorian residential office Ray White Mordialloc to work as a commercial property manager at Ray White Commercial Noosa and Sunshine Coast North.

The Ray White Group comprises approximately 1000 offices across Australia and New Zealand, providing plenty of opportunities for agents, property managers, and staff to move locations while continuing to work with the leading group.

BEC DOLAN - RAY WHITE COMMERCIAL NOOSA AND SUNSHINE COAST NORTH

PHOEBE MEADS - RAY WHITE COMMERCIAL GOLD COAST

RACHEL CADAMY - RAY WHITE COMMERCIAL NOOSA AND SUNSHINE COAST NORTH

EXPERTS DISCUSS THE FUTURE OF HEALTHCARE ASSETS POST COVID-19

More than 200 people tuned in to watch April’s Between the Lines Live webinar where a panel of experts discussed what’s happening in the market for healthcare assets.

Ray White head of research Vanessa Rader hosted the panel, interviewing Ray White Commercial TradeCoast medical asset specialist Franz Stapelberg, and leading healthcare asset developer Rogerscorp director Simon Rogers.

The panel spoke about investment, development, and tenant demand in the healthcare sector, as well as where the sector has come from, its journey through the COVID-19 pandemic, and their expectations for this asset class in the years ahead.

With an ageing population and strong international migration, Mr Stapelberg said Australia was at the crux of an increase in demand for healthcare assets.

He said these assets could be divided into three categoriesprimary, secondary and tertiary healthcare.

“Medical centres are generally referred to as primary healthcare assets, whereas secondary are more specialised services like day hospitals and specialists, the next step after a GP has seen the patient ,” Mr Stapelberg said.

“Tertiary healthcare assets are generally things like cancer care and service that are even more specialised.”

Mr Rogers said there had been a change in the way these assets were coming to the market.

“We’re working on two projects at the moment which include the whole healthcare ecosystem in one building, the GP, specialists, and day hospitals for procedures where you can have a full integrated experience,” he said.

“It makes it more convenient for the public and helps tenants get referrals from each other.”

With the Australian healthcare system struggling to keep up with demand, particularly for elective surgeries, Mr Stapelberg

said healthcare assets were attracting interest from REITs and international buyers,

“Some of these assets have traded with yields as low as 4 per cent, but recently they’ve moved up to 5-6 per cent - it depends on the tenant covenant and the size of the asset,” he said.

“The larger it gets the more interest there is from those international funds, but we still have assets in the sub $10 million range attracting smaller private investors.

“They’ve seen medical assets as a good investment over the long term and not just the short term.”

Mr Rogers said there were some barriers to the development of healthcare assets, including a series of requirements not needed for other commercial buildings.

“Over the last 18 months there’s been a rise in construction costs, and there’s been a softening of yields, which squeezes developers at both ends, but having strong tenants in a resilient asset class lays some strong foundations for healthcare developments,” he said.

“Zoning does get a bit tricky with hospitals.There’s been a rise in people going through the State Government for applications instead of local council to get the DA across the line which is common in the hospital space.

“In the inner-city zone there is a maximum amount of car parks you can have, and patients are often sick and don’t want to rely on public transport, so trying to get things like that past council is hard.

“Turning an office building into a healthcare asset does have its challenges.

“Primary healthcare uses can fall under a traditional office building, but as soon as there’s more procedures happening onsite and non-ambulant patients you need those extra requirements.”

LESS CRANES ON THE SKYLINE BUT NON-RESIDENTIAL APPROVALS GROW

The Australian Bureau of Statistics released its dwelling approval numbers last week with stand out monthly results for the non-residential building approvals growing 39.8 per cent, over the year, the value of nonresidential developments continues to grow, up 3.6 per cent on the year to February 2023.

The continued commitment to develop commercial assets in this environment is mixed across regions and asset classes. Victoria showed the greatest value of new development, increasing their approvals by 19.6 per cent over the year, followed by NSW at 8.8 per cent, and Queensland up 4.5 per cent. South Australia, ACT and Western Australia saw approvals fall over the same period by 42.6 per cent, 38.0 per cent, and 2.9 per cent respectively.

The asset classes seeing the greatest volume of planning activity continue to sit with office assets. Despite the overall low occupancy in many office markets across the country, there has been a 25.7 per cent increase in approvals this year. Industrial is less surprising given the overall limited vacancy in this asset class, seeing a 20.4 per cent increase over the year to February 2023, dominated by warehouse developments. Retail and healthcare assets continue to grow, up 5.3 per cent and 4.3 per cent respectively, while aged care has fallen 3.5 per cent.

ANNUAL CHANGE IN NON-RESIDENTIAL CRANES BY CITY

Number of cranes added/removed

While approvals are the starting point for many new projects, the recent RLB Crane Index looks at current construction activity by counting cranes on the Australian skyline which has recorded an overall dip in the last six months across the country both for residential and commercial assets. Data from Q1 2023 highlights 836 cranes currently across the Australian skyline; 293 were new additions while 325 were removed, resulting in a net loss of 32 over the last six months.

Across the commercial markets there are some mixed results. Despite Melbourne’s strong approval pipeline, this region saw the greatest decrease in cranes over the last six months losing 17 as all asset types saw a reduction, signalling an end for some projects in the CBD and inner Melbourne. Over the last 12 months however, Melbourne saw a net decline of 9 non-residential cranes behind Perth who lost 10, notably in the education and healthcare sectors, while Brisbane results remain stable. Sydney’s annual growth has been off the back of infrastructure projects with civic, civil, education, and healthcare all recording new crane additions while commercial, data centres and hotels have declined.

While annually there has only been a net loss of two cranes across Australia, over the last six months this grew to a -29 net change in non-residential cranes on our skyline. Given the strong approval pipeline, these results could again rebound, however high construction and financing costs may continue to dampen activity, particularly for those sectors such as office and retail, which have had reduced demand levels.

RADER Head of Research

VANESSA

COMMERCIAL CRANES ON THE SKYLINE AT LONG TERM HIGH Australian Crane Index

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.

SYDNEY, NSW

6 storey office building

Ray White Commercial South Sydney

BEENLEIGH, QLD

Multi tenanted industrial units

Ray White Commercial Southwest

TOOWOOMBA, QLD

Strategically positioned and completely renovated with a substantial increase in the floor area

Ray White Commercial Toowoomba

LANE

Brand new boutique neighbourhood shopping centre anchored by national tenant Harris Farm

Ray White Commercial Sydney North

4,650m2 of mixed use, retail showroom, warehouse & hardstand

Ray White Commercial Robina

Major new car dealership and workshop on 7,040m²

Ray White Commercial Bayside

CARRARA, QLD

COVE, NSW

CAPALABA, QLD

SPORTSFACILITY+GOODRETURN+POTENTIAL

117-125ToogoodRoad,Woree,CairnsQLD

TheGrounds

SALE

Anopportunityexistsforaninvestororgroupofinvestorstoownthisfreehold sportingcomplexwiththepotentialtodevelopremainingundevelopedlandand expandonthereturn.i.e.buildingstoragesheds.

•Landsize17.144ha.Multi-tenantedfacilitywithagoodnettreturn

•1321*sqm-Mainbuildingcurrentlytenantedby6long-termsupportingbusinesses •Sportingfields/groundsfacilityincludingFIFAqualityplayingfields

*Approx

GrantTimmins 0422534044

grant.timmins@raywhite.com

HelenCrossley

0412772882

helen.crossley@raywhite.com

TENANCYWITHMAXIMUMEXPOSURE-221SQM

L1/2-4RedlynchIntakeRoad,RedlynchQLD

LEASE

Presentallreasonableoffers

•Excellenthigh-exposuresiteforamultitudeofbusinessmodels.Incentivesareprovidedfor longtermagreement-askagentsformoredetails.

•Thetenancyoccupiesastandalonebuildingallowingtheexternalwallstobeusedfor signage/marketing.221sqmNLA,commercialkitchen,coldrooms,parking.

GrantTimmins 0422534044

grant.timmins@raywhite.com

SusanDoubleday 0408038380

susan.doubleday@raywhite.com

raywhitecommercialcairns.com

FREEHOLDSHOWROOMWAREHOUSEOFFICE

182ScottStreet,Bungalow,CairnsQLD

SALE

HelenCrossley 0412772882

helen.crossley@raywhite.com

GrantTimmins 0422534044

grant.timmins@raywhite.com

Anopportunityisavailabletopurchasethisfreeholdpropertyasanowner-occupierorinvestor. OnbusyScottStreet,onlyminutesfromCairnsCBD.Modernoffice|showroom|warehousehighclearance,fullbathroomandkitchenfacilities.Whetheryouareanowneroccupieror investoraninspectionofthispropertyisamust. raywhitecommercialcairns.com

LARGEINDUSTRIALSHEDWITH5TGANTRYANDOFFICE

57GreenbankRoad,AeroglenQLD

LEASE

$130,000+GST+OGnegotiableonlongtermlease

AeroglenisclosetotheCairnsInternationalAirportandthenewRegionalTradeDistribution Centre. Thebuildingwouldsuitamultitudeofcompanies.

Featuresinclude:760sqm*warehouse12.0mclearspan,1300sqm*fullysecuredyard,Medium Impactzoning,5Tgantryrunsthefulllength,GFloorreceptionandofficesAC

COMMERCIALKITCHENYORKEYSKNOB

3/471-475VarleyStreet,YorkeysKnobQLD

SALE

Donotmissthisopportunitytobuyasolidinvestmentinthishighlydesirablelocation.Thisfits wellforthoseseekingalifestylechoice.Well-establishedowner|operatedbusiness-Yorkey KnobThai.Shopsize:76sqm.Thepropertyisrunasasuccessfulrestaurant/takeawayandcan bepurchasedasagoingconcern.

*Approx

GrantTimmins 0422534044

grant.timmins@raywhite.com

GrantTimmins 0422534044

grant.timmins@raywhite.com

SusanDoubleday 0408038380

susan.doubleday@raywhite.com

HERITAGEREIMAGINED

439AnnStreet,BrisbaneQLD

LEASE

Originallybuiltin1904,WebberHouseformspartoftheStJohn'sAnglicanCathedral precinctandhasbeenoccupiedcontinuouslybythechurchoverthelast119years.

•Totalbuildingarea1,612sqm*

•Potentiallysuitableforeducationuserorboutiquecorporateheadoffice

•Astand-aloneopportunitythatishardtoreplicate

•Availabilityearly2024

*Approx

JasonHines 0418721744

jason.hines@raywhite.com

ALLIEDHEALTHWITHRESIDENTIALHOUSEANDUPSIDE

60HumeStreet,NormanParkQLD

OutlinesandLocationsIndicativeOnly

AUCTION

InRoomLvl26/111EagleSt,Brisbane,Friday19Mayat10am

•Firsttimeofferedforsaleinover40years

•4/5consultingrooms/offices+3bedroom,1bathroomresidence

•405sqm*cornerblockwith50m*streetfrontage,NeighbourhoodCentreZoning

•9splitcycleairconditionersthroughout,4.5kWsolarsystem

•CloseproximitytoeliteprivateschoolsandlocatedwithinthecovetedSevenHills StateSchoolprecinct.Hugepotentialforcapitalgrowth.

*Approx

MichaelMcCullagh 0403426474

mmccullagh@raywhite.com

13RifleRangeRoad,TuncesterQLD

OfferstoPurchasearound$197*psm

•37,200sqm*offlatland

•4*kmtoLismore

•Suitableforanybusinessrequiring GeneralIndustryZoning

•Idealforwarehousing,potentialcold storage,containerstorage,flood-free carstoragetimberyardandvarious otheruses.

•Rarezoning&floodfreearea Don'tmissthisoutstandingopportunity

ryan.langham@raywhite.com

NathanHuxham 0403583306 nathan.huxham@raywhite.com

TILTPANELUNIT-COMPREHENSIVEFIT-OUT

Harlaxton,ToowoombaQLD

OFFERSTOPURCHASE

•288sqm*GFAhighbaywarehouse

•4.0m*(w)x4.7m*(h)electricfrontroller door+2.4m*reardoor

•Largereception/display,5 self-containedrooms,2open-planwork areas,PWDtoilet,kitchen,storeroom

*Approx^SubjecttoApproval

•Groundfloorfit-outincludesmultiple splitsystemair-conditioningunits, toilets,showers,CCTV&alarm

•IncludeshighratiosteelC-Section load-bearingmezzanineroofsuitablefor additionalworkspace^

CraigBradley 0488075167

craig.bradley@raywhite.com

FREESTANDINGOFFICEBUILDINGINCLEVELANDCBD

141AQueenStreet,ClevelandQLD

EXPRESSIONSOFINTEREST

Thisfreestandingmulti-leveloffice buildingislocatedinCentralClevelandand benefitsfromahighlyvisiblecorner location.Currentlyleasedby Connect2GroupuntilNovember2025, returning$91k*PAnett.

*Approx

•369sqm*of NLAovertwolevels

•Excellentsignageandexposure

•Loadingzoneaccessatrearofbuilding

•Agreatopportunityforaninvestor wantingsolidyieldandtocapitaliseon Cleveland'scontinuedgrowth

NathanMoore 0413879428

nathan.moore@raywhite.com

MarkMontague 0421383668

mark.montague@raywhite.com

ClosingWednesday24May,4pm raywhitecommercialbayside.com

IndicativeOnly

•74m2 NLAwithoneexclusivecarparkallocated

•Fantasticopportunityforanowner-occupierorinvestor

•Currentlysetupas3officeswithawaitingroom

•Fullbathroomsuitewithallamenities&modernkitchenette

•Beingsoldasvacantpossession

*Approx

JustinLowe 0481004765

j.lowe@rwsp.net

ScottWells 0412766163

s.wells@rwsp.net

Thursday,25Mayat11amattheGoldCoastTurfClub,Bundall raywhitecommercialgoldcoast.com

120GillStreet,ChartersTowersCityQLD

SALE

$750,000

•Iconicrenovatedcolonialstylepubwithlicensedoutdoorarea

•Offeredfullyequippedasagoingconcerninthemainstreet

•Commercialkitchen,newroofand29kilowattsolararray

•Popularbar,restaurantandbeergardenwithampleparking

•Managersresidence,verandahand12guestroomsupstairs

GraemeRussell 0448410067

graeme.russell@raywhite.com

FULLYLEASEDINVESTMENT

SALE

•3tenancies,annualnetreturnof$157k*

•Airconditionedshowroomandoffice

•Excellentexposure

•Ampleonsiteparking

•Excellentlocalamenities

•Accesstomajorarterialroads

•Surroundedbynationalbusinessessuchas Beaurepaires,Kmart,DuluxandUltraTune

DavidHighman 0488109768

david.highman@raywhite.com

•904sqmwarehouse*

•86sqmofficeovertwolevels*

•Clearspanwarehouse

•3-phasepower

•Largecontainer-heightrollerdoor

•Smallmezzanineoffice

MaclayKenman 0490196600

maclay.kenman@raywhite.com

StephenFerguson 0412803244

•5.5-7metresinternalclearance

•Kitchenetteandbathroomfacilities

stephen.ferguson@raywhite.com *Approx

7&8/7DaysRoad,GrangeQLD

SALE

•351m2*splitacrosstwotenancies

•Currentnetincomeof$147,272*+GSTP/A

•Unit7-professionalofficetenancy

•Unit8-groundfloormedicalsuite

•Well-positionedwithhugeexposurejust 8km*fromBrisbaneCBD

AUCTION

LukeHobman 0434053164

GriffinDeakin 0422587143

*Approx

raywhitecommercialnortherncorridorgroup.com.au

EXPRESSIONSOFINTEREST

ClosingThursday,11Mayat4pm

•441m2totalbuildingarea(321m2 showroom,20m2mezzanine,120m2 warehouseatrear)

•663m2totallandarea

•18meterheightlimit

•1tenantinplacereturningcirca$40kayear

•Highprofiledevelopmentsite

•346m2groundfloortenancy

•Brandnew8yearleasewith2x5year optionstoFamilyDoctorPtyLtd

•Annualnetincomeof$170,000

•100%recoverableoutgoings

•17exclusivecarparks

•9GPconsultrooms

MichaelShadforth 0488981076

SamuelHoy 0423795273

EmilyPendleton 0402435446

•455m2 strataindustrialwarehouse&office

•Groundflooroffice&mezzanineoffice

•Highbayelectricrollerdoor

•3phasepower

•Leasedtowarehousingtenantonamonthly basisprovidingaholdingincome

ChrisMassie 0412490840

AaronCanavan 0447744948

COASTALMEDIUMDENSITYDEVELOPMENTSITE^

19-21LinksAvenue,CronullaNSW

Outlineindicativeonly

EXPRESSIONSOFINTEREST

ClosingWednesday17Mayat3pm(AEST)

•SiteArea-1,135sqm*

•Twoblockstobesoldinoneline

•ZoningR3-MediumDensityResidential

•HeightLimit-9m;FSR-0.7:1

•MaximumGFA-794.5sqm*

•Potentiallytobeapprovedfor6townhouses^

*Approx^SubjecttoCouncilApproval

SamuelHadgelias 0403254675

shadgelias@raywhite.com

MattDebreczeni 0407204599

matt.debreczeni@raywhite.com

raywhitecommercialsc.com

Locationsindicativeonly

Tuesday2Mayat10:30am(AEST)-AuctionWorks,50MargaretSt,Sydney

•Grosssiteareaof3.8hectares* •SP3Zoning

•1.5km*NambuccaIslandGolfCourse

•3km*toNambuccaHeadsVillageCentre

•3.8km*toNambuccaTrainStation

•4.5km*toPacificHighway

BaxtervanHeyst 0447113025

baxter.vanheyst@raywhite.com

SamuelHadgelias 0403254675

shadgelias@raywhite.com

INDUSTRIALCORNERFREEHOLDWITHUPSIDE^

10BelmoreRoadNorth,PunchbowlNSW

Outlineindicativeonly

AUCTION

Tuesday16Mayat10:30am(AEST)-AuctionWorks,50MargaretSt,Sydney

•SiteArea-424sqm*

•ZoningIN2-LightIndustrial

•Existingmechanicworkshopfit-outwithmezzaninelevel

•Doorclearanceheight3.5m*

•Futureupsidethroughrepositioningorredevelopment^

•Vendorretired-mustbesold

SamuelHadgelias 0403254675

shadgelias@raywhite.com

Leslie(Yifu)Li 0403261752

leslie.li@raywhite.com

raywhitecommercialsc.com

NEXTLEVELINVESTMENT

47NewcastleStreet,FyshwickACT

Outlineindicativeonly

EXPRESSIONSOFINTEREST

ClosingThursday4Mayat4pm

•NetRent:$530,841.02pa*+GST

•Expansivefloorareaof2,640m2

•Unit1:1,864m2 |Unit2:776m2

•66On-sitecarparks

•Closeproximitytomajorshopping,cafes,gyms,andcommercialbusinesses

•Heavyvehicleaccess

*Approx

FrankGiorgi 0403839822

frank.giorgi@raywhite.com

PietteRoberts 62751416

piette.roberts@raywhite.com

raywhitecommercialcanberra.com.au

ULTIMATEOFFICESUITEINTHEPERFECTLOCATION

4/368SussexStreet,SydneyNSW

SALE

$767,000

•Highlyefficientfitoutincluding3offices&openplanarea

•Offeredsubjecttoexistingtenancy

•Brightcornersuitewithnaturallighton2sides

•Accesstocommononfloormeetingroomsavailablebypriorappointment

•50m(approx)fromWorldSquare

•On-sitebuildingmanagementandisservicedby3passengerlifts

JohnSkufris 0414969221

j.skufris@rwcss.com

INNERWESTPARKSIDEDAAPPROVEDSITE

149-163MiltonStreet,AshburyNSW

EXPRESSIONSOFINTEREST

Closing12:00pmTuesday16May2023

•DAApprovalfor59apartmentsand68townhouses

•Substantialsiteareaof16,450m2*

•Totalapprovedgrossfloorareaof17,578m2*

•ParksidelocationoverlookingWHWagenerOvalwithviewstotheCBDfromupper floors

•Endproductidealforowneroccupiers

*Approx

PeterVines 0449857100

peter.vines@raywhite.com

VictorSheu 0412301582

victor.sheu@raywhite.com

raywhitecommercialwesternsydney.com

SEAVIEWROADDEVELOPMENTOPPORTUNITY

15-17SeaviewRoad,VictorHarborSA

EXPRESSIONSOFINTEREST

ForSale/ForLease

Keypropertyfeatures

•36.5mfrontagetoSeaviewRoad

•Totalsiteareaof1263sqm*

•Zoned"UrbanActivityZone"

•Potentialforcommercialorresidentialdevelopment

•Sittingontwotitles

MattLazarus 0430745100

matt.lazarus@raywhite.com

NickBorrelli 0432270893 nick.borrelli@raywhite.com

raywhitenorwood.com.au

GLENELGBEACHLANEWAYINVESTMENT

109/7MoseleySquare,GlenelgSA

SALE

BestOffersByFriday14thApril2023

KeyHighlights:

•105sqmoflettablearea

•PrimeBeachsidelocation

•Currentincomeof$31,754(periodicaltenancy)

•Rentalupsideopportunity

•Glenelg'spopularMoseleySquarelaneway.

MattLazarus 0430745100

matt.lazarus@raywhite.com

GREATDEVELOPMENTOPPORTUNITY

411MarionRoad,PlymptonSA

AUCTION

Wednesday17thMayat11amonsite

•Agreatdevelopmentopportunitytopurchaseacornersiteofapproximately739m2 withahighexposurefrontagetoMarionRoad.

•ZonedUrbanCorridor(Boulevard),suitingavarietyofuses(S.T.C.C.)

ian.lambert@raywhite.com

SUBSTANTIALINDUSTRIALSITEOF14,130M2

18IconDrive,DelacombeVIC

SALE

•Landsizeofapprox14,130m2majorityalreadyconcreted,perfectforexpansion

•1,290m2approxwarehousewith8mhighconcretewalls&highclearancedoors

•216m2approxofmoderndoublestoryofficespacewithstaffamenities

•DoublestreetaccessfacingIconDriveandConceptDriveforimprovedfunctionally

•Leasedto2separatetenantsonperiodicleaseswhoarepreparedtostaylongerterm

SamBorner 0439655509

sam.borner@raywhite.com

raywhiteballarat.com.au

SIGNIFICANTBUILDING/MAJORC1ZLAND

213-215BlackburnRoad,MountWaverleyVIC

SALE

•Land-1,015m2*

•Zoning-Commercial1

•Building-480m2*

•Onsitecarparking

•Couldeasilyberepurposedtomanyvaried usesfromOffice,Medical,Retail,Health& Fitness,andmanyothers(STCA).

PROFILEOFFICE-RETAILBENEFIT

217BlackburnRoad,MountWaverleyVIC

LEASE

•Suitableforanumberofdifferent businesses(STCA)

•Building:197m2approx.

•6carspace

RyanTrickey 0400380438

ryan.trickey@raywhite.com

WillJonas 0422883011

will.jonas@raywhite.com

raywhitecommercialglenwaverley.com

•Mainroadlocationinabusyshoppingstrip

•WithinwalkingdistancetoSyndalTrain station

RyanTrickey 0400380438

ryan.trickey@raywhite.com

WillJonas 0422883011

will.jonas@raywhite.com

raywhitecommercialglenwaverley.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