Ray White Portfolio Magazine - June 2023

JUNE 2023

TOP 10 REGIONAL MARKETS FOR COMMERCIAL INVESTMENT

WELCOME TO OUR LATEST COMMERCIAL SPECIALISTS

DEEP DIVE INTO THE ‘RATE MY BUILDER’ SCHEME

BRISBANE’S GROWTH STORY

THIS MONTH IN PORTFOLIO

As we round out the financial year, we’re proud to present the June edition of Portfolio magazine.

In this edition we introduce you to three of the new members of the Ray White Commercial family. It’s exciting to see the family continue to grow, with some wonderful new additions to the group.

We also hear from Ray White Commercial QLD managing director and partner Michael McCullagh on Brisbane’s growth story and what the city can expect in the lead up to the 2032 Olympics.

Ray White head of research Vanessa Rader takes a look at Australia’s regional markets and explains which regional areas present the best opportunities for commercial property investment.

QUICK JUMP TO A REGION

Vanessa also hosted last month’s Ray White Commercial Between the Lines Live webinar where she spoke to Ray White Projects managing partner Eddie Mansour and ULTRA Building Co managing director Adrian Sicari, where they discussed NSW’s Rate my Builder scheme. Join us for the next Between the Lines Live webinar on June 14, where Vanessa will speak to the team at Ray White Commercial Canberra.

ANDREW FREEMAN HEAD OF AGENCY OPERATIONS

TOP 10 REGIONAL MARKETS FOR COMMERCIAL INVESTMENT OVER THE LAST 12 MONTHS

Over the last few years we have seen a growing volume of buyers invest across regional markets of Australia. The affordability often associated with these assets was highlighted during the COVID-19 period where interest rates were low and greater first time buyers sought after affordable, higher yielding investment opportunities. Further growing attention to regional markets, was the increased population in some locations as lock downs and work from home mandates saw large population movements to these regions. Activity remains in these markets with close to $10 billion transacting across the non-metropolitan regions in the year to Q1 2023.

1. GOLD COAST, QUEENSLAND

The Gold Coast and its proximity to Brisbane has seen it evolve over the years from a tourist town to a legitimate business hub within commutable distance to greater employment opportunities in Brisbane. Over the last 12 months, close to $1.4 billion has changed hands due to a number of larger retail centre transactions. Larger industrial holdings, hotels and office assets also added to this high volume, however the high number of smaller sub $1.5 million sales have resulted in close to 500 transactions recorded over this period at an average sale price of $3.2 million.

2. NEWCASTLE, NEW SOUTH WALES

Another high growth node for New South Wales, Newcastle falls within the broader Hunter Valley region which has also gained strong population increases. Investment over over $900 million has been across the board with industrial a key asset class while regional motel and pub assets also feature. Smaller retail, industrial and alternative uses such as service stations and childcare at price points sub $4 million have also been attractive to investors.

3. SUNSHINE COAST, QUEENSLAND

Another key population growth zone in south east Queensland, the Sunshine Coast has been one of the star performers over the last few years. Strong demand for office and industrial assets have seen this market one for both experienced and first timers to jump into. With institutional buyers also active, this regional market has been one to watch.

4. CAPRICORN COAST, QUEENSLAND

The Capricorn Coast moves further north of Queensland and includes areas such as Gladstone, Rockhampton up through to Mackay. Investment has been centred around major asset classes such as retail, industrial but also medical, childcare and hotel assets. The affordability of the region being attractive to buyers with the average sale price sub $1.5 million and recording close to 500 transactions.

5. GEELONG, VICTORIA

Geelong is part of Greater Melbourne which increases the attractiveness of investment by those seeking an affordable investment option. With over $400 million transacting across the region over the last 12 months, this market is home to a number of larger value office assets which have changed hands, while smaller industrial, retail and childcare have also been active. The hotel sector also features in this region with tourism assets such as caravan parks and motels as well as development site sales taking place.

6. CENTRAL COAST, QUEENSLAND

Investment has continued up the coast of Queensland over the last year, the Central Coast region including Bowen up to Townsville and towns between. A larger city shopping centre and office asset dominated transactions however tourism assets from pubs, motels and caravan parks also added to this years volume. A high number of smaller industrial and retail assets also attractive to investors have changed hands with the average sale price of $1.7 million.

7. WOLLONGONG, NEW SOUTH WALES

Located south of Sydney, Wollongong enjoyed population gains over the last few years given its affordability and commutable distance to Sydney. This region has not gone unnoticed by investors, particularly those from Sydney willing to move up the risk curve to a more regional centre. Industrial is a key investment class in this region given its proximity to Port Kembla while office, retail and tourism assets have shared a large portion of volume. Childcare and residential development sites also a key investment capitalising on increased population.

8. DARLING DOWNS, QUEENSLAND

The region west of Brisbane and Moreton including Toowoomba has enjoyed an uptick in investment activity over the last year, representing close to $300 million in sales. Larger retail centres account for the bulk of transactions, however, investors have been attracted to this location’s affordability, accessibility, and opportunity, resulting in a strong number of sub $1 million assets.

9. NORTHERN TASMANIA

The northern half of Tasmania has had a busy 12 months recording a number of industrial sales including cold storage and distribution assets aiding full year results to shy of $300 million. Coupled with a high volume of smaller industrial, retail, and tourism asset transactions, this region of Tasmania has been attractive to not only locals but mainland buyers looking tor affordable diversification options.

10. RICHMOND-TWEED, NEW SOUTH WALES

This region, immediately south of the Queensland border extends to Byron, Ballina and Evans Head and inland past Lismore and Casino, has been a strong region for population gains during COVID-19. As residential prices moved upward, interest in commercial property was quick to follow. While this has dissipated somewhat over the last 18 months, its attractiveness for assets such as retail, childcare/medical, and office continues, particularly given the average sale price of $1.4 million.

Head of Research

VANESSA RADER

WELCOME TO OUR LATEST COMMERCIAL SPECIALISTS

One of Canberra’s leading commercial agents, Dan McGrath, has joined Ray White Commercial Canberra as the Head of Agency.

Continuing on the tradition of industry leadership and deep expertise established by Mark Thompson, Dan will work closely with Ray White Commercial Canberra Chairman Ben Faulks, and lead the high performing sales and leasing team which is made up of industry experts across the retail, industrial, office and service trade sectors.

After 21 years working for a major corporate agency, Dan was drawn to the culture of the Ray White business, specifically its commitment to customer first and the foundation of teamwork.

“I leave my previous employer with some lifelong friendships and a huge amount of gratitude for the opportunity that they provided to me, however, I’m ready for my next challenge and to be able to focus more time on looking after my clients,” Dan said.

After a successful career as a residential real estate agent, Baxter is the newest sales agent at Ray White Commercial (SC).

Baxter always had an interest in commercial real estate and, after meeting with Ray White Commercial (SC) principal Samuel Hadgelias, decided it was time to accept a new challenge.

“After meeting and discussing commercial real estate with Samuel, I felt confident that a change into commercial real estate was the right fit for me,” Baxter said.

“We both shared a similar outlook on business and future plans, and I was impressed by the team and business Sam had created.”

Baxter has ambitions to become an Elite Performer by the end of next financial year.

After kicking off her career as a paralegal working in corporate, commercial, and construction and engineering law, Jessica Roy is the newest property manager at Ray White Commercial Northern Corridor Group.

Following her 12 years in law, Jessica has worked in a range of property management roles including a residential role in Toowoomba, as well as two commercial property management roles in Brisbane and the Sunshine Coast.

Jessica said she jumped at the opportunity to work with Ray White.

“The role was suited to what I had been previously doing whilst also providing an opportunity to help grow the business by collaborating with the sales and leasing team – one of my major strengths is communication,” Jessica said.

DAN MCGRATH RAY WHITE COMMERCIAL CANBERRA

BAXTER VAN HEYST RAY WHITE COMMERCIAL (SC)

JESSICA ROY RAY WHITE COMMERCIAL NORTHERN CORRIDOR GROUP

DEEP DIVE INTO THE ‘RATE MY BUILDER’ SCHEME

Hundreds of people tuned into May’s Between the Live Lines webinar, where experts discussed NSW’s Rate my Builder scheme.

“The biggest thing that lets builders down is the documentation part.

“They can be great builders but the processes and systems around them could be lacking.”

Mr Mansour said customer confidence in builders had declined.

The panel took a deep dive into the ‘Rate my Builder’ scheme, discussing independent construction industry star rating tool iCIRT, the impacts from a builder and agent perspective, as well as the consumer response and the ramifications for the building industry.

ULTRA Building Co was the first building company to receive a four-star iCIRT rating. In order to receive an iCIRT rating, Mr Sicari said the company’s process was heavily audited.

“We saw an opportunity to differentiate ourselves in the market,” he said.

“The purpose of the rating is to ensure there’s a high quality outcome at the end.

“We document each job and make sure it conforms under the building codes of Australia.

“Once it’s signed off we make sure everything is installed correctly and documented correctly.”

Ms Rader asked if ULTRA Building Co incurred any extra costs by taking extra steps to maintain their certification.

Mr Sicari said there were no extra costs involved because they were already doing all the processes and documentation needed for the iCIRT certification.

Mr Mansour said this was where ULTRA Building Co stood out in the market.

“One of the things I’ve always appreciated is when we were talking to prospective buyers, they all know Adrian because he’s front and centre with the build,” Mr Mansour said.

“We’ve got some great builders that we work with that aren’t yet iCIRT rated.

“The majority of builders are doing a good job but the minority get the headlines and create doubts in confidence around new builds,” Mr Mansour said.

“There has to be a solution to help build confidence and the government is saying ‘well let’s do the iCIRT rating.

“I think consumer awareness is growing. The commissioner is out there promoting the iCIRT rating, we promote it and Mirvac promotes it. Those who have it promote it more and more.”

Mr Sicari agreed that consumers’ awareness of builders was growing.

“People are wanting more and more to know the track record of the builder,” he said.

He said he and his team at ULTRA Building Co were truly passionate about building.

“Me and my team, we love construction,” he said.

“We take this thing on a piece of paper and turn it into something that people live in and play in.”

In the short-term, Mr Sicari said housing supply was going to be a big issue.

“There’s no supply of apartments,” he said.

“People need places to live, the government needs to provide more land supply.

“We’re doing two build-to-rent projects right now. Affordable housing is going to be important.

“Providing houses for people is our game. We’re not just highend builders, we’re high quality builders. And we build highquality apartments across all levels.”

Ray White Head of Research Vanessa Rader was joined by Ray White Projects managing partner Eddie Mansour and ULTRA Building Co managing director Adrian Sicari.

BRISBANE’S GROWTH STORY

It’s been some time since Brisbane was referred to as a ‘big country town’ and you can start to see why it’s now being touted as a future World City. At every point on the compass across Greater Brisbane there is an exciting large-scale lifestyle or infrastructure project either under construction or expected to be delivered over the next decade. The announcement of Brisbane as the host city for the 2032 Olympic games almost two years ago has been a catalyst for both public and private led investment.

Over the last six months the Brisbane City Council has announced three key planning initiatives for the urban and suburban renewal required to keep pace with the city’s population growth. Our Productive City which identified almost 400ha of industrial land to be adapted to ‘non-industrial use’ and defined Urban Enterprise Areas including parts of Albion, Newstead, Bowen Hills, East Brisbane, Woolloongabba and Milton. The Better Suburbs Initiative followed late last year when it earmarked over 70ha of land across 14 industrial sites that could be transitioned into mixed-use precincts providing the basis for city-shaping suburban renewal. Most recently was Brisbane’s Inner City Strategy in which some residential development heights in the Kurilpa Precinct of South Brisbane may reach CBD levels of 90 storeys or 274m.

Transaction volumes are down significantly on previous years, however, this is largely a supply side issue rather than demand. While institutional funds and offshore buyer groups, as well as first-time investors, have been largely subdued, there remains a very strong ‘middle’ from well-capitalised and experienced private buyers.

In early 2023, investors are still attracted to assets with strong lease covenants as many of these have achieved sub five per cent yields. Value-add sites, whether through rent reversion, repositioning or development, also remain sought after. Positive leasing activity, confidence in long-term capital growth, and an investment asset class which is traditionally hedged against inflation have underpinned buyer demand. There is still a scarcity of buying opportunities as sellers remain cautious of potential headwinds, which has contributed to the resilient pricing by forcing buyers to compete.

This is providing confidence in not only Brisbane’s growth story but south east Queensland’s, and demand for commercial investment - despite the various macroeconomic factors that would indicate otherwise - has remained relatively unabated albeit with much greater scrutiny and due diligence.

MICHAEL MCCULLAGH

Ray White Commercial QLD Managing Director and Partner

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.

A Brisbane metro convenience, food and lifestyle-based neighborhood shopping centre, anchored by a high performing IGA

Ray White Bayside

QUEANBEYAN, NSW

23,300m2 lettable area with 10,000m2 hardstand in pipeline

Ray White Commercial Canberra

Industrial/office space approx. 2850m2

Ray White Commercial Gold Coast

2 storey office building comprising 28 tenancies of

A Grade office space

Ray White NT

CARINGBAH, NSW

Multi tenanted office building comprising a gym, business bank (ANZ), childcare and cafe

Ray White Commercial Greater Sydney South

Multi tenanted office and medical facility adjacent to Knox Private Hospital

Ray White Commercial Ferntree Gully

WELLINGTON POINT, QLD

WINNELLIE, NT

GOLD COAST, QLD

WANTIRNA, VIC

A-GRADE INVESTMENT WITH DEVELOPMENT UPSIDE

15 Station Road, Logan Central QLD

EXPRESSIONS OF INTEREST

Closing Thurs 29 June, 4pm

•364m2* A-grade office building on 1,012m2* block

•Currently leased to HELP Employment until June 2026 returning $167,612

Nett + GST PA

•Parking for 16* vehicles on-site

•Significant development potential with 'Centre' zoning allowing a maximum building height up to 30m* (STCA)

•Close to excellent local amenities, transport options and on-going development in this precinct

Benn Woods 0408 689 651

benn.woods@raywhite.com

INVESTOR/OWNER-OCCUPIER OPPORTUNITY

1 Trade Street, Ormiston QLD

Outline indicative only

EXPRESSIONS OF INTEREST

Closing Thurs 15 June, 4pm

•1,530m2* freehold site

•467m2* freestanding building (4 industrial units) + self-storage sheds

•Container-height roller doors

•3-phase power

•Skylights maximise natural light

*Approx

•13 self-storage sheds, fully rented

•Ample car parks, inc 1 undercover

•Secure modern steel perimeter fencing

•Popular commercial/retail precinct close to Cleveland IGA centre

•Suit investor or owner-occupier

Mark Montague 0421 383 668

mark.montague@raywhite.com

raywhitecommercialbayside.com

PREMIUM/GOVERNMENT-GRADE OFFICE WITH PARKING

89 Tingal Road, Wynnum QLD

LEASE

•933sqm* government-grade building

•Previously occupied by Centrelink

•Secure parking for 30 vehicles

•Potential uses include premium-grade office, medical, professional services

•The site's 'Major Centre' zoning means

*Approx

a variety of food, community services, retail, church, bar/night club uses could be considered (STCA)

•Close to the bay with excellent local amenities, transport and on-going residential development

Benn Woods 0408 689 651

benn.woods@raywhite.com

Jonathon Jones 0439 624 813 jjones.commercial@raywhite.com

APPROVED 402 DWELLING LAND LEASE COMMUNITY

Cnr Bruce Highway and Lodge Road, Mount Gordon, Bowen QLD

EXPRESSIONS OF INTEREST

•Land Area 33.76ha*

•DA for 402 dwellings over 7 stages

•200 x 2 brm and 202 x 3 brm dwellings

•Communal facilities include resident gym, pool, cafe, restaurant, pickleball courts, multi-purpose lawn, community shed and garden, parks

•Caravan washdown facility, 54 dwellings with sheds for caravan/boat storage

*Approx

Mark Creevey 0408 992 222

mark.creevey@raywhite.com

Tony Williams 0411 822 544

tony.williams@raywhite.com

raywhitespecialprojects.com

FREEHOLD COMMERCIAL BUILDING

2406 Gold Coast Highway, Mermaid Beach QLD

Outline

EXPRESSIONS OF INTEREST

Closing Thur 15 Jun 2023 4pm

• High profile corner position with exposure to 50,700** passing vehicles daily and 65* metres of main road frontage

• Building area: 568m 2*; 18 carparking spaces

• Net Income of $189,317* p.a + GST and fully let net income of $284,621* p.a + GST

• Zoned Neighbourhood Centre and building height of 24 metres^

• Opposite the brand new Woolworths anchored Mermaid Plaza Shopping Centre

*Approx ^Subject to Council Approval **Sitewisely”

Matthew Fritzsche 0410 435 891

matthew.f@raywhite.com

Mark Creevey 0408 992 222 mark.creevey@raywhite.com

1,214M2* APPROVED MURARRIE DEVELOPMENT SITE

19 and 21 Oliphant Street, Murarrie

QLD

Outline and Locations Indicative Only

EXPRESSIONS OF INTEREST

•Land Area - 1,214m2*

•D.A. for 23 apartments (14 x 2 and 9 x 3 brm product over 5 levels)

•7km* east of the Brisbane CBD

•Cleared, vacant land

•Walking distance to Murarrie Railway and bus stations

•200m* from Cannon Hill Plaza and in close proximity to Westfield Carindale

*Approx

Mark Creevey 0408 992 222

mark.creevey@raywhite.com

Tony Williams 0411 822 544

tony.williams@raywhite.com

raywhitespecialprojects.com

RARE COMMERCIAL HOTEL WITH EXTENSIVE FIT OUT

64 Brisbane Street, Beaudesert QLD

AUCTION

Thursday 15 June at 11am at Gold Coast Turf Club, Bundall

•To be sold as vacant possession

•First-class fit-out and equipment

•CCTV system and commercial lift

•Internal bottle shop access

•Previously approved for 30 gaming machines and a 3am license

•Large walk-in cool room

•Unique opportunity to run a hospitality business

•Function rooms upstairs

•Venue is ready to operate with minimal work required

Scott Wells 0412 766 163

s.wells@rwsp.net

Craig McVean 0400 563 623 c.mcvean@rwsp.net

DEPOT BURLEIGH, PREMIER BUSINESS DESTINATION

9 Calabro Way, Burleigh Heads QLD

SALE

• 13 unique warehouses, 16 strata storage units

• Modern architectural designs

• Customisable mezzanine levels

• High clearance roller doors

• 3 phase power

*Approx

• Secure gated access

• 24/7 CCTV with mobile viewing

• Just 3* minutes to the M1 motorway

• Construction commenced, move in next year

Michael Lo Pilato 0413 935 393

m.lopilato@rwsp.net

Pat Cavanagh 0415 261 339 p.cavanagh@rwsp.net

PRIME BEACHFRONT INVESTMENT ON BULCOCK BEACH

8/38 Esplanade Bulcock Beach, Caloundra QLD

AUCTION

On site at 11:30am Thursday 13 July 2023

Set in the heart of Caloundra, overlooking Bulcock Beach and Pumicestone Passage, this secure retail investment has prime corner exposure.

•231m2* net lettable area

•5 year lease - yearly CPI rent reviews

•Currently returning $129,360 per annum + outgoings + GST

•Meticulous fitout by established tenant, The Bunker restaurant

•Tourist Accommodation zone

Josh Harris 0452604478

josh.harris@raywhite.com

Sam Raines 0478814171 sam.raines@raywhite.com

ESTABLISHED TENANT (10YRS) - NOOSA RIVER INVESTMENT

Shop 2/229-231 Gympie Terrace, Noosaville QLD

SALE

$1,227,000 + GST (if applicable)

Central position in the highly sought after Gympie Terrace retail/dining/residential precinct overlooking Noosa River.

•56m2* + 20m2* licence to use terrace

•Lease to Dec 2027, 5yr + 5yr options

•Net income $64,151pa* + GST

•$11,330 security bond plus personal/director guarantees

David Brinkley 0448 594 361

david.brinkley@raywhite.com

Tracey Ryan 0421 981 490

tracey.ryan@raywhite.com

raywhitecommercialnoosasunshinecoastnorth.com

5.5% NET RETURN - NOOSA RIVERFRONT INVESTMENT

Shop 3/229-231 Gympie Terrace, Noosaville QLD

SALE

$1,390,000 + GST (if applicable)

Restaurant with high quality fitout and liquor licence. Stunning views across the Noosa Riverfront from the alfresco terrace.

•58m2* + licence to use undercover terrace

•Lease to Oct 2025, 3yr + 3yr options

•Net income $76,553pa* + GST

•3 month rental security bond plus personal/director guarantees

David Brinkley 0448 594 361

david.brinkley@raywhite.com

Paul Butler 0418 780 333

paul.butler@raywhite.com

raywhitecommercialnoosasunshinecoastnorth.com

NEIGHBOURHOOD CENTRE ON 3.14HA OF LAND

130-142 River Hills Road, Eagleby QLD

EXPRESSIONS OF INTEREST

•Neighbourhood shopping centre

•Rental & development upside

•Selling below current replacement cost

•Potential for Drive-Thru tenant

•Substantial net income

•On 3.14 ha land

•17 Specialty retailers

•Under rented car park

•525 Car parking spaces

•Strong suburb growth forecast

Travis Rayner 0416628930

travis.rayner@raywhite.com

Ryan Langham 0420 581 164 ryan.langham@raywhite.com

raywhitecommercialburleighgroup.com.au

INDUSTRIAL LAND WITH FLEXIBLE USE

7 Two Mile Road, Roma QLD

SALE

$5,000,000

•Timber mill on 36,600m2 (3.66 HA) of level industrial land

•Flexibility to continue timber milling or potential to change use under 'noxious industry zoning' (STCA)

•Existing infrastructure includes warehouse, water tank with pumps, weighbridge (60 tonne capacity), diesel storage tank, office with facilities and equipment which make it ready for immediate use

Christina Li 0430 360 408

christina_li@raywhite.com

Mukhtaar Hashim 0433 364 786

mukhtaar.h@raywhite.com

CENTRAL QLD'S BEST DEVELOPMENT SITE

Goondoon Street, Gladstone QLD

EXPRESSIONS OF INTEREST

•Gladstone CBD location

•Commercial Zoning

•Four (4) separate titles

•Located with in 300m of Gladstone's recent foreshore redevelopment

•Potential for sweeping views of Gladstone Harbour

•6,130m2* combined site area

Andrew Allen 0408 799 585

andrew.allen@raywhite.com

RECEIVERS' AUCTION

32 French Avenue, Brendale QLD

AUCTION

In-Rooms, Thursday 22 June 2023 at 4pm

• Located in sought after New Base Business Park

• 3.7km* from access to M3 motorway

• 2,720sqm* land component

• 1,515sqm* GLA & 22 dedicated car bays

• Offered with vacant possession

• Auction In-Rooms, Lvl 26/111 Eagle Street, Brisbane QLD

Brocke Hambrecht 0466 599 724

brocke.hambrecht@raywhite.com

John Dwyer 0439 034 010

john.dwyer@raywhite.com

raywhitecommercialqld.com

Michael McCann and Cameron Crichton of Grant Thornton as Receivers and Managers of Kova Brendale Pty Limited (Receivers & Managers Appointed)

MODERN SERVICE STATION INVESTMENT

148 Taylor Street, Newtown QLD

SALE

This exceptional commercial asset includes a modern convenience store and fuel console, forecourt and additional car parking spaces, and is ideally suited to investors, both local and interstate. Features include:

*Approx

•Constructed in 2022

•Long lease certainty - 10 years

•Large land holding of 2,842sqm*

•Strong depreciation benefits available

•High exposure corner location

•3km from Toowoomba CBD

Geoff Percy 0438 424 672

geoff.percy@raywhite.com

Craig Bradley 0488 075 167 craig.bradley@raywhite.com

raywhitecommercialtoowoomba.com

TENANTED RETAIL SHOP IN HEART OF WEST END

77 Harold Street, West End QLD

SALE

$405,000

•Long term tenant with 2 years remaining on the lease and 2 x 5 year options

•Ideally situated in a growth suburb within close proximity to parks & pub

•Covered alfresco area dining area

•Fully air conditioned with fans

•3.5 KW solar System

•Competitively priced showing a 7.3% net return

Robert Askern 0434185399

robert.askern@raywhite.com

•Excellent local amenities

•Access to major arterial roads

•Surrounded by national businesses such as Beaurepaires, Kmart, Dulux and Ultra Tune

David Highman 0488 109 768 david.highman@raywhite.com

•3 phase power •Male & female amenities, a shower & kitchen on the ground floor

Maclay Kenman 0490 196 600 maclay.kenman@raywhite.com

•3,662 sqm GFA split over two facilities

•6,793 sqm site

Ray White Commercial Southwest in conjunction with JLL are proud to present 68 Geonic Street, Woodridge to the market for sale.

LARGE INDUSTRIAL SHED WITH 5T GANTRY AND OFFICE

57 Greenbank Road, Aeroglen QLD

LEASE

$130,000 + GST negotiable on long term lease

This would suit a wide range of industrial usage including logistics and wholesale distribution companies.

•2064 sqm land area

*Approx

•760 sqm* Warehouse 12.0 m clear span

•1300 sqm* secured yard

•5T gantry

•Four sliding doors 6m wide

WAREHOUSE - SCOTT STREET PRESENCE

1/182 Scott Street, Bungalow QLD

LEASE

High-profile presence on busy Scott Street, only minutes from Cairns CBD. Details of property:

•Warehouse: 200 sqm*

*Approx

Grant Timmins 0422 534 044

grant.timmins@raywhite.com

raywhitecommercialcairns.com

•Office: 35 sqm*

•Hardstand: 180 sqm*

•Three undercover car parks

•Polished concrete floors

Helen Crossley 0412 772 882

helen.crossley@raywhite.com

Grant Timmins 0422 534 044

grant.timmins@raywhite.com

raywhitecommercialcairns.com

SALE/LEASE

•293sqm* corporate first floor office

•Fit out includes reception, executive offices/ board rooms & open plan area

•Fantastic natural light

•10 exclusive car spaces

•Impressive communal entrance

•Kitchenette & access to communal male & female facilities

Jack Gwyn 0424 807 166

jack.gwyn@raywhite.com

Jared Doyle 0408 160 570

jared.doyle@raywhite.com

raywhitecommercialtradecoast.com

CLEVELAND HEALTH ANCHORED BY RAMSAY HEALTH CARE

LEASE

•Three-theatre day hospital on-site

•Construction due for completion in 2024*

•Leasing options 80sqm* to 4175sqm*

•4 levels of medical/allied health space

*Approx

•Opportunity to collaborate on the design/customisation of fit-out

•Main road exposure

•Over 115 secured parking spaces

Franz Stapelberg 0430 655 676

franz.stapelberg@raywhite.com

*Approx raywhitecommercialtradecoast.com

HIGH PROFILE INVESTMENT

7&8/7 Days Road, Grange QLD

EXPRESSIONS OF INTEREST

Closing Thurs 22 June 2023 4pm

•351m2* split across two tenancies

• Current net income of $147,272* + GST P/A

• Unit 7 - professional office

• Unit 8 - ground floor medical suite

• Well-positioned with huge exposure just 8km* from Brisbane CBD

136 Station Road, Burpengary QLD

EXPRESSIONS OF INTEREST

Closing Thurs 8 June at 4pm

Luke Hobman 0434 053 164

Griffin Deakin 0422 587 143

*Approx

raywhitecommercialnortherncorridorgroup.com.au

INVEST

OR OCCUPY

2A Page Street, Kunda Park QLD

SALE

•4,844m2 fenced allotment

• 3,418m2* freestanding industrial building

• 380m2* high quality office fit out mezzanine

• 11 high clearance roller doors

• 37 on site car parks

• Zoned medium impact industry zone

Michael Shadforth 0488 981 076

Samuel Hoy 0423 795 273

*Approx

raywhitecommercialnortherncorridorgroup.com.au

• 2,979m2 allotment

• Development opportunity in Burpengary

• Located in the growing Moreton Bay Region

Chris Massie 0412 490 840

Troy Sturgess 0432 701 600

*Approx

raywhitecommercialnortherncorridorgroup.com.au

PRIME CORNER FREEHOLD

Cnr Price Street & Hospital Road, Nambour QLD

EXPRESSIONS OF INTEREST

Closing Thursday 15th June at 4pm

• Significant 5,029m2* land area over 5 titles

• Expansive 75m* wide corner street frontage

• 15m height limit

• Adjoins established residential housing, industrial warehouses, offices & showrooms

• Improved with residential dwellings & commercial buildings providing holding

Emily Pendleton 0402 435 446

raywhitecommercialnortherncorridorgroup.com.au

DEVELOPMENT OPPORTUNITY - DUAL STREET ACCESS

8 Tideswell Street, 124 & 126 Parramatta Road, Ashfield NSW

AUCTION

•Site area of 2,250sqm*

•3 separate lots offered in one-line

•Fully leased holding income of $140,000* per annum

•Zoned E3 Productivity Support & R3 Medium Density Residential

•DA approved for 41 serviced apartments at 124-126 Parramatta Road

•Receivers and Managers appointed

Kristian Morris 0411 415 297

kristian.morris@raywhite.com

Samuel Hadgelias 0403 254 675 shadgelias@raywhite.com

Friday 23 June at 10:30am (AEST) - Ray White Corporate, Level 7, 44 Martin Pl, Sydney raywhitecommercialsc.com

DA APPROVED TOWNHOUSE DEVELOPMENT SITE

107 President Avenue, Caringbah NSW

AUCTION

Friday 23 June at 10:30am (AEST) - Ray White Corporate, Level 7, 44 Martin Pl, Sydney

•DA approved for 5 oversized dwellings

•Site area - 1,309sqm*

•Total GFA - 706.5sqm*

•Walking distance to Caringbah Station and Caringbah town centre

•Zoning - R2 Low Density Residential

•900m* to Caringbah Train Station; 4km* to Cronulla Beach

Samuel Hadgelias 0403 254 675

shadgelias@raywhite.com

Baxter van Heyst 0447 113 025

baxter.vanheyst@raywhite.com

raywhitecommercialsc.com

2 X BLOCKS OF FLATS / HIGH DENSITY ZONING

1-3 English Street, Kogarah NSW

AUCTION

Tuesday 20 June at 10:30am (AEST) - AuctionWorks, 50 Margaret St, Sydney

•2 x existing unit blocks, each divided into 3 flats

•Current income of $2,300 per week / $119,600 per annum*

•Site Area - 991.1 sqm*

•Height Limit - 21 m; FSR - 2 : 1

•Potential GFA - 1,982.2 sqm*

•Flexible settlement terms

Samuel Hadgelias 0403 254 675

shadgelias@raywhite.com

Baxter van Heyst 0447 113 025

baxter.vanheyst@raywhite.com

raywhitecommercialsc.com

COMMERCIAL DEVELOPMENT SITE (MIP)

99 Byron Road, Leppington NSW

Outline indicative only

EXPRESSIONS OF INTEREST

Closing Wednesday 14 June at 3pm (AEST)

•Substantial site area of 1.62 hectares*

•Corner site; zoned B7 - Business Park

•Permissible uses include (but not limited to) light industries, service station, fast food, hotel/apartments, childcare, medical centre or a combination of these uses^

•Height Limit 24m

•Mortgagee in Possession (MIP)

*Approx ^Subject to Council Approval

Samuel Hadgelias 0403 254 675

shadgelias@raywhite.com

Peter Vines 0449 857 100 peter.vines@raywhite.com

raywhitecommercialsc.com

CBD FOOD APPROVED RETAIL INVESTMENT

Retail 27-29 King Street, Sydney NSW

SALE

•Located in one of Sydney's CBD's highly regarded precincts

•Tightly held retail location close to Darling Harbour, King Street Wharf + Barangaroo

•Leased to one of Sydney's CBD only exclusive vegetarian Thai Restaurant's "Peace Harmony" (established for over 15 years)

•Net Income: $85,000 per annum + GST (approx) with 3.5% annual increases

•Positioned in thriving + busy pedestrian thoroughfare with exhaust facilities in place

Zorick Toltsan 0411 227 784

ztoltsan@raywhite.com

Dan Taase 0449 900 480

dtaase@raywhite.com

raywhitecommercialdb.com.au

BITE SIZED INVESTMENT

Suite 5/1 Dune Walk, Woolooware NSW

SALE

Exclusively listed for sale is this fantastic bit sized investment which really packs a punch with the oversized double glazed windows and its proximity to the Woolooware Bay retail precinct and Shark Park.

*Approx

•Good size 50m2* Office

•Great Location and Exposure

•One car space plus shared parking

•Current net income $28,500* as of 1/7/23

Brad Lord 0439 594 121

blord@raywhite.com

Dean Munk 0451 100 654 dean.munk@raywhite.com

CENTRALLY LOCATED WITH PARKING

Suite 1, Ground Floor 160 Pacific Highway, Charlestown NSW

LEASE

•Large reception/waiting area with secure access to staff working area

•4 meeting rooms + large board room with direct access from reception area

•Large open plan working area and five individual offices

*Approx

•8 allocated secure parking spaces

•Lettable area of 390m2*

•Disabled access to the entire Suite

•Located near Charlestown Square & Charlestown McDonalds

Jarrad Rispen 0420 747 736

jarrad.rispen@raywhite.com

For Lease: $125,000 pa Net + GST raywhitecommercialnewcastle.com

SUB LEASE WITH NEW FITOUT

Part Level 6, 44 Martin Place, Sydney NSW

LEASE

•Area m2: 389 approx

•Rent $/m2: $1,395

•Gross Rental PA: $542,655

•Rare sub-lease opportunity with brand new spec fitout

•Reception, 14-person boardroom

•2 x 5-person meeting rooms

•2 quiet rooms, capacity for 40 desks, full kitchen

•Available from October 2023, sublease duration flexible

Anthony Harris 0409 319 060

aharris@raywhite.com

Jeremy Piggin 0413 336 161 jpiggin@raywhite.com

BOUTIQUE FREEHOLD IN SYDNEY FRINGE

133 Dowling Street, Woolloomooloo NSW

SALE

•Mixed Use Terrace

•Building area - 213 sqm*

•5 rooms/offices & 2 bathrooms

•Rear access - Parking 2/3 cars

•Flexible zoning - Suit residential & Commercial (STCA)

Logan Grisaffe 0403 916 433

logan.grisaffe@raywhite.com

Max Stephens 0429 500 156

max.stephens@raywhite.com

PROMINENT MIXED USE STRATA TITLED BUILDING

Ground/243 Pyrmont Street, Pyrmont NSW

SALE

Inspection By Appointment

•Mixed use strata titled building with historic listing originally designed as a wool store

•Situated on the Western side of Pyrmont Street facing Darling Harbour

•Opportunity to purchase 2 strata units in one line

•Dual entry from both Pyrmont Street & from the building's lobby

•Total internal area of circa. 60sqm (approx) including mezzanine level

•Ducted air-conditioning, access to resort style facilities plus 24 hour security

John Skufris 0414 969 221

j.skufris@rwcss.com

raywhitecommercialsouthsydney.com

THE FLINDERS HOTEL

63-65 Flinders Street, Surry Hills NSW

EXPRESSIONS OF INTEREST

Closing Thursday 15th June 2023 at 3pm (AEST)

•Total Building Area 598.97 sqm*

•Zoning B4 Mixed Use (MU1)

•Situated on three street frontages

•Proposed Plans to increase Total Building Area 861.89 sqm^

•Short term lease with holding income to be sold as a going concern

•Full hotel liquor license and 24-hour trading permit between Monday - Saturday

*Approx ^Subject to Council Approval

Dean Haustead 0416287557

dean.haustead@raywhite.com

raywhitecommercialsydneycityfringe.com.au

SUBSTANTIAL CONVERSION OPPORTUNITY

252 Johnston Street, Annandale NSW

AUCTION

Onsite Auction, Tuesday 27 June 2023 at 2:30pm

•Substantial, high-quality existing improvements across 2,977sqm* along with approved Development Approval in place for further expansion and additional level.

•Former 83-room aged care facility featuring rooms with balconies, common areas and a commercial kitchen.

•Flexible R1 Zoning allows for various uses including, seniors living, aged care, residential flat buildings, boarding houses, co-living, serviced apartments, and more.

*Approx

Peter Vines 0449 857 100

peter.vines@raywhite.com

Victor Sheu 0412 301 582 victor.sheu@raywhite.com

raywhitecommercialwesternsydney.com

BRAND NEW UNITS - UNDER CONSTRUCTION

2 Dominion Place, Queanbeyan NSW

SALE

$365,000 - $895,000 ex GST

•11 individual high-quality commercial tenancies

•Ability to combine tenancies or lease the entire development

•A mix of colourbond cladding and glass frontages

•5m-high roller doors & separate single swing doors

•Clear span warehousing

•3-phase power supply

Frank Giorgi 0403 839 822

frank.giorgi@raywhite.com

Piette Roberts 62751416 piette.roberts@raywhite.com

raywhitecommercialcanberra.com.au

7-13 Rose St & 5 Dawson St, Upper Ferntree Gully VIC

EXPRESSIONS OF INTEREST

•Total Land area 4,844sqm*

•Total Building area 1955sqm*

•4 Titles to be sold in 1 line

•Close proximity to the Angliss Hospital

•Passing rent $273,000/ annum net*

•Significant development potential (STCA)^

Paul Waterhouse 0417 660 153

paul.waterhouse@raywhite.com

Mitch Rosam 0402 355 805 mitch.rosam@raywhite.com

raywhitecommercialferntreegully.com

7-13 Rose St & 5 Dawson St Upper Ferntree Gully

DAY SPA OR ALLIED HEALTH

325 Mountain Highway, Wantirna VIC

EXPRESSIONS OF INTEREST

Expression of Interest Closing at 3pm on June 15th

•Building Area 138 sqm*

•Land Area 728 sqm*

•Registered Medical Centre / Practice

•Four (4) Treatment / Consulting Rooms

Mitch Rosam 0402 355 805

mitch.rosam@raywhite.com

Paul Waterhouse 0417 660 153 paul.waterhouse@raywhite.com

raywhitecommercialferntreegully.com

PRIME RETAIL EXPOSURE

695 Mountain Highway, Bayswater VIC

LEASE

•Total building area | 265sqm*

•High exposure location

•Dual access via rear laneway

•Zoning | Commercial 1 (C1Z)

•Kitchenette

•Wide street frontage

•Walk to Bayswater Station

•Toilets

Brett Diston 0439 365 532

brett.diston@raywhite.com

Cameron Barber 0431 176 786

cameron.barber@raywhite.com

DOUBLE SHOP FRONT AND CENTRE

154-156 Canterbury Road, Heathmont VIC

LEASE

•Building area | 330sqm*

•Zoning | Commercial 1

•Double shop frontage

•Ample parking

*Approx

•Rear laneway access

•Close to Heathmont Station

•Close to major arterials including Eastlink

•Suitable for a wide variety of uses (STCA)

Brett Diston 0439 365 532

brett.diston@raywhite.com

Cameron Barber 0431 176 786

cameron.barber@raywhite.com

*Approx raywhitecommercialdistonassetservices.com

OCCUPY

OR INVEST

82 Renshaw Street, Doncaster East VIC

SALE

•Total building area: 125 sqm*

•Total land area: 170 sqm*

•Freehold ownership (no owners corporation fees)

•Potential for development (STCA)

Ryan Trickey 0400 380 438 ryan.trickey@raywhite.com

•Proximity to the eastern freeway Will Jonas 0422883011 will.jonas@raywhite.com

•Freehold - no body corporate fees

raywhitecommercialglenwaverley.com

SIGNIFICANT BUILDING / MAJOR C1Z LAND

213-215 Blackburn Road, Mount Waverley VIC

SALE

•Land - 1,015m2*

•Zoning - commercial 1

•Building - 480m2*

•Two food preparation areas at either end

Ryan Trickey 0400 380 438 ryan.trickey@raywhite.com

•Onsite car parking Will Jonas 0422883011 will.jonas@raywhite.com

•Level one office and back of house area

raywhitecommercialglenwaverley.com

207 High Street Road, Ashwood VIC

9/138-140 Argus Street, Cheltenham VIC

SALE

• Total land area | 274m2*

• Existing building area | 150m2*

• Proposed building area | 771m2*

• Plans & permits for one (1) retail shop & five (5) townhouses.

• Great exposure to busy High Street Road.

• R.O.W. on the north and west side.

George Kelepouris 0425 798 677

Simon Liang 0451 954 318

*Approx

raywhitecommercialoakleigh.com

OFFICE / WAREHOUSE

6/7-17 Geddes Street, Mulgrave VIC

LEASE

• Total lettable area | 157m2*

• Including first floor mezzanine office | 52m2*

• Warehouse clearance | 8m*

• High-end fixtures and fittings with vertical glazed tilt door

• Keyless entry, built-in solar system & three (3) phase power

LEASE

• Total building area | 434m2*

• Comprising of modern office over two levels of | 357m2*

• Including clear span and container height warehouse/storage area of | 77m2*

• Amenities on both levels including M/F toilets and kitchens

Ryan Amler 0401 971 622

Simon Liang 0451 954 318

*Approx

Ryan Amler 0401 971 622

Simon Liang 0451 954 318

*Approx

raywhitecommercialoakleigh.com

42 Aspen Circuit, Springvale VIC

LEASE

•Total building area | 155m2*

• Includes first floor carpeted office | 45m2*

• Polished concrete floors & painted walls

• Electric roller door with remote controls

• Matte black fixtures & fittings

• Internal clearance up to 7.5* metres

• Two (2) on-title car spaces

Theo Karkanis 0431 391 035

George Ganavas 0478 634 562

*Approx

raywhitecommercialoakleigh.com

UNILODGE STUDENT ACCOMMODATION INVESTMENT

304 Waymouth Street, Adelaide SA

LEASE

•56 Apartments leased & Managed by UniLodge

•Currently 100% occupied

•Units are fully furnished

•Positioned in Adelaide City's emerging West End

•Close proximity to education, retail, restaurants and cafes

•Incredible investment opportunity

Linda Clemente 0409 099 046

linda.clemente@raywhite.com

Matt Lazarus 0430 745 100 matt.lazarus@raywhite.com

FULLY FITTED MEDICAL CENTRE

1/6-20 Taylors Avenue, Morphett Vale SA

LEASE

•288sqm medical centre tenancy

•Full disabled front and rear access

•open plan waiting/reception area and eight (8) consultation rooms with basins

•Extra storage and procedure rooms

•Ducted air-conditioning throughout

•Full internal kitchen and bathroom facilities

matt.lazarus@raywhite.com

Matt Lazarus 0430 745 100

QUEENSCLIFFE HOTEL & SHOPPING VILLAGE

53-55 Dauncey Street, Kingscote SA

EXPRESSIONS OF INTEREST

Offers Close Friday 23/06/2023 at 4pm (unless sold prior)

•Freehold of the Queenscliffe Family Hotel & Bottle shop, plus 6 retail outlets.

•Net imputed income estimated at $233,000 per annum + GST.

•Current passing income approx $211,000 pa + GST.

•Expansive site of 4,594 m2 approx with access from Dauncey, Commercial & Osmond Streets.

•Centrally positioned in the commercial heart of Kingscote, close to all facilities.

Tony

Ricketts 0418827911

tony.ricketts@raywhite.com

DEVELOP ON GREAT EASTERN HIGHWAY

239 Great Eastern Highway, Belmont WA

SALE

$8,888,000 + GST

239 Great Eastern Highway represents an excellent opportunity for a developer to secure 5,692sqm of land. There is a current DA approval for 194 apartments + 2 commercial units and an array of permitted uses including: childcare, showroom, office, restaurant, fast food and warehouse.

Brett Wilkins 0478 611 168

brett.wilkins@raywhite.com

Chris Matthews 0413 359 315

chris.matthews@raywhite.com

PROMINENT RIVERVALE DEVELOPMENT OPPORTUNITY

2 Hawksburn Road, Rivervale WA

SALE

$3,500,000 plus GST

2 Hawksburn Road is a prominent development site in the Springs urban precinct; an exciting and dynamic future precinct. Located on a high exposure development site less than 400m from the Swan River and 4km* to the Perth CBD, the properties offer a unique opportunity.

Brett Wilkins 0478 611 168

brett.wilkins@raywhite.com

Stephen Harrison 0421 622 777

stephen.harrison@raywhite.com

QUEENSTOWNDEVELOPMENTSITE

970,982&994FranktonRoad,FranktonQTN

SALE

DeadlinePrivateTreatyclosing4.00pm,July6th2023(unlesssoldprior)

•Substantialsiteareaof1.2212ha*

•Residential-LowerDensitySuburbanZone

•Conceptplansinplacefor14+lots

•Threeexistingdwellingsprovidingcashflow

•ExpansiveviewsofFranktonBeachandTheRemarkables

•EasyaccesstoFiveMileShoppingCentreandQueenstownCentreviaSH6A

FinnHurst 0276888970

finn.hurst@raywhite.com

MikeHoeft 021560491

mike.hoeft@raywhite.com

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