As we continue to embark on our journey through the second half of 2023, a year full of trials and triumphs, we’re proud to present the August edition of Portfolio magazine.
This month’s Portfolio presents a variety of topics, from a deep dive into the markets for some of our alternative assets, to getting to know one of RWC’s leading agents.
Ray White Head of Research Vanessa Rader takes a look at one of the most sought after commercial assets in the current market - self storage. She takes a look at how the rental crisis is affecting the demand for self storage, and what the opportunities are for investors.
She also focuses on the seniors and aged care living, and how the supply of these assets isn’t keeping up with Australia’s aging population or the current housing crisis.
We also meet RWC’s top performing female agent Emily Pendleton, as we hear how her career has developed so far, and how she has grown to become one of the top six per cent of agents at RWC.
RWC’s monthly Between the Lines Live webinar was held in Perth last month, where host Vanessa Rader spoke to RWC WA Director of Capital Markets Brett Wilkins, the man behind Western Australia’s biggest commercial dealthe $1.3 billion sale of Jandakot Airport. The pair chatted about the state of the Western Australian commercial market, which assets were performing well, and who was investing.
Andrew Freeman Head of Agency Operations
With Australia’s population increasing by close to 500,000 in 2022, housing supply has been a burning issue across the country given price rises and rental vacancies plummeting. The mismatch between the supply of homes and the increasing demand as the population grows has put pressure on all segments of the housing market. The rapid rise in construction costs and labour shortages has been a major stumbling block for developers adding stock across the country, be it houses, units, infill development as well as options for seniors and aged care or the student market.
There is no doubt that Australia has an aging population, over the last 20 years we have seen a ballooning age cohort emerge in the over 60s group now representing approximately six million, up from 3.3 million in 2002. With approximately 130,000 people each year being added to this age group over the last 20 years, housing options have not kept pace with this growing demand. In this younger 60+ age group, seniors housing and retirement living are the most sought after providing greater experiences, services with low care, freeing up traditional housing stock across communities.
Australia’s over 80+ population is currently represented by more than 1.1 million, this has increased 80.5 per cent over the last 20 years. A combination of the aging baby boomer generation, together with Australia’s lifestyle and improved medical practices, has resulted in average life expectancy becoming the fifth highest in the world (2021) at 83.2 years old. For this older age cohort or those requiring additional care, aged care facilities offer a variety of levels of care and benefits from the Federal Government subsidies for operators. Given this government backed income historically there has been high interest in aged care facilities as an investment class. Institutional and listed funds are increasing their exposure to these assets particularly given their high occupancy, limited supply and ongoing growing prospective pool of residents.
Looking at the supply of these facilities across the country, during 2016-2018 we saw approximately 10,000 aged care and senior living units commenced each year, during 2019 we did see this decline and, as we entered the COVID period, further decreases were felt. As a result in 2022 only 5,730 dwelling units were completed across Australia, a significant mismatch compared to the rapid increase in population over this same period which saw the over 60s age group increase by 149,500 people.
By the end of this year, a further 8,200 units are expected to be completed, however, this does not meet the existing demand particularly for the expanding over 80s age group requiring care facilities. While we are currently in an undersupply situation, this is expected to worsen given the construction slow down and population pressures, particularly over the coming years where these age groups will further grow.
On the investment front, we continue to see buyers seeking out care facilities backed by government subsidies. This sector continues to be attractive to the institutional and offshore buyer groups, resulting in more than $1.7 billion in sales during 2022/2023. Seniors’ housing and their strong income profile - given high occupancy, rising rents, and home values - has also not gone unnoticed by investors. Although, this has come back in recent years due to the tightly held nature of these assets, which has ensured yields remain competitive in the 5-7 per cent range.
Emily Pendleton’s interest in commercial real estate began when she was a little girl. Coming from a family of real estate investors, she has strong memories of looking at listings online with her father.
Despite its reputation for being a male dominated industry, Emily jumped at the chance to start her career in commercial real estate, joining the team RWC Northern Corridor Group shortly after finishing school. Fourteen years later she is not only RWC’s top female agent, but one of the highest performing agents in the network overall.
Just six months into her first role in commercial real estate, a hybrid associate and admin position, RWC Northern Corridor Group director Michael Shadforth asked Emily to step up and become her own agent.
“I got stuck straight into it, and here I am now,” Emily said.
Emily has consistently been in the top six per cent of agents for the past few years, and claims leases, a good support team, hard work, and having thick skin are the secrets to her success.
“I have worked in commercial for 14 years but I have only recently built a team to allow me to work on larger asset sales and projects that allow me to think outside the box,” she said.
“I have had an average of 50-70 leases on the go at any one time since I went out on my own, so I brought an associate on to help me with leases.
“I was very close minded about having a team, but when I let that go and gave it a shot everything changed, and I wouldn’t have it any other way.”
Emily said she would love to see more young women considering a career in commercial property.
“I think commercial is a bit intimidating for many young women,” she said.
“When I first started and then stepped out on my own I had a lot of nasty comments and a lot of men telling me I won’t succeed, or people trying to take business from me.
“But once you show your position and show you’re not going anywhere, things start to get easier. You do have to have a tough facade.
“I had a lot of support from my team and my directors.” She said there was a huge opportunity for women in the commercial property sector.
“Commercial property allows you to do both sales and leasing, while residential property managers look after leasing,” she said.
“There’s opportunities to help women business owners who are looking to lease property, think of beauty salons and hairdressers. There are so many businesses like that which are looking to expand after Covid.
“Once you’ve done a few deals you get to put your sold signs up and people start to see you as a real agent in the market.”
Another edge which Emily used to cement herself as an agent was using the latest tools and technology.
“A lot of older agents aren’t using all of the technology and tools that we have access to,” she said.
“Being able to be innovative and use the tools Ray White has given us has allowed me to show that I am better and quicker than these other people.
“Use the tools available and you don’t need to fight other agents, do your work humbly and you’ll prove yourself over time.”
But at the end of the day, Emily said success came down to one simple thing - hard work.
“You have to put in the work. When you’re your own agent in control of your own time you can go get your hair done at 2pm if you want to, but you’ve got to have discipline and monitor your time and implement a daily schedule,” she said.
“You have to be willing to put in the work and the hours, you have to be willing to pick up the phone and make calls.
“But once you’ve done that hard work, and you’ve got a good team, you can step back and start working on the business instead of in the business.”
VANESSA RADER Ray White Head of Research
Activity in the self storage market has always tracked well. Historically, larger offshore funds have purchased large portfolios of assets across the country, however, in more recent years the private sector has increased its appetite for these assets. Industrial assets have been the most desired commercial investment class since the start of the pandemic and these assets were not forgotten, selling at yields in the sub five per cent range.
Over the last 12 months, there has been $132 million in sales recorded achieving mixed results. Quality assets have maintained low yields, however, assets have recorded capitalisation rates as high as eight per cent in some regional markets. Enquiry levels have been elevated across the country from the private sector including syndicates and high net worth individuals looking for the security of these assets and their stable income streams. There has been an increase in buyers venturing interstate to secure these assets with high population growth zones across the country the key focus for these buyers.
Like other industrial assets, rents have increased considerably and the end consumer has been hit hard by these increases thanks to higher insurances, increased land costs and taxes, and the overall high demand keeping vacancies low. The major users of self storage facilities are individuals who need to store their personal belongings rather than business use, and with the current housing shortage felt across the country, difficulty in securing a rental property has added to the need to store goods for a prolonged period, keeping occupancy high. This is most apparent in highly populated areas or those which have seen strong migration growth such as south east Queensland, Perth, and western Sydney, while there has been some move away from regional markets as post COVID-19 some population flows have come back to major cities.
There are currently 50 self storage developments in the 300,000sqm of industrial storage space to the marketplace. with south east Queensland expected to enjoy the greatest the occupancy of self storage, which is currently high. New technology around security increasing as demand increases for industrial assets in the current environment.
More than 200 people tuned in to RWC’s July Between the Lines webinar which focussed on Australia’s west coast commercial property market.
Host, Ray White head of research Vanessa Rader, was joined by RWC WA director of capital markets Brett Wilkins to shed light on how each commercial asset class is performing in Western Australia.
Mr Wilkins is behind Western Australia’s largest commercial real estate deal, being the sale of Jandakot Airport for $1.3 billion in 2021.
Mr Wilkins said industrial was still the hottest asset class post-Covid.
“Vacancy is more or less zero, and there is still good, solid demand,” he said.
“There is lots of demand off the back of mining and general economic activity.
“Yields have been blown out but that has been more than overcome by increased rents.
“There’s strong demand from both owner occupiers and investors. Industrial is holding up really well.”
Ms Rader said there were not too many large industrial transactions occurring in Western Australia, and asked Mr Wilkins how that end of the market was performing.
“The majority of Perth industrial is held by families, and a lot of institutions want to spend the money here, and if they could get something of size then they would spend,” Mr Wilkins said.
While there is some new industrial supply being added to the market, Mr Wilkins said there was a shortage of industrial land.
“You have to go a long way out of Perth now to get to some of the industrial subdivisions,” he said.
“There is construction activity happening because the rents and the demand just overcome the obstacles on the construction side of things.”
When it came to Perth’s office market, Ms Rader said Perth had behaved quite differently when it came to the work-fromhome trend which had kept occupancy higher.
Mr Wilkins said there was still reasonable demand for office investments.
“The demand is there, but it’s harder to work out where the values are at today,” he said.
“We have very high incentives and they haven’t shifted, they’re still averaging 50 per cent.
“Yields have shifted due to the cost of debt, but there just haven't been many transactions.”
“West Perth is strong with smaller investors and owner occupiers.
“There has definitely been a flight to quality, and some of the West Perth offices have been keenly sought after.
“Anything to do with small cap mining, traditionally centred at West Perth, is strong.”
Mr Wilkins said the retail market was performing well with low vacancy rates.
“Most of the retail strips where there are vacancies, it's mostly because landlords don't want to meet the market for rents,” he said.
“Retail strips are very keenly sought after from tenants and definitely from investors.
“Yields are sitting between 5-7 per cent, but some retail strips like Napoleon Street in Cottesloe or Bayview Terrace in Claremont where demand from investors looks beyond the current interest rate cycle that we’re in at the moment.
“Larger retail went through a change when Covid came along, regional centres and subregional centres were on the nose at the time, neighbourhood and convenience retail hit the peak.
“I’m getting 3-4 inquiries a week about convenience centres. They’re super popular.
“Regional shopping centres are now back in demand, but they have become more entertainment centres.”
Mr Wilkins said the demand for healthcare assets was huge.
“Healthcare is up there with industrial as the hottest asset class out,” he said.
“I have sold approximately $150 million in healthcare properties in the past two years, buyers were mostly funds from the east coast and Singaporean private investors.
“The assets included medical centres and a couple of private hospitals.
“Activity has slowed down over the last six months but there’s still a strong demand and that won’t dissipate.”
Ms Rader asked Mr Wilkins if he had seen an increased demand for commercial property from eastern states investors.
“At all levels of the market, there has been increased demand from the eastern states in the last year, from small private investors to larger institutions,” Mr Wilkins said.
“People are attracted to the value for money, yield differential and the indication that the WA economy is very strong and they should invest here.”
Mr Wilkins said foreign buyers were still looking to invest in Perth across all asset classes.
“Traditionally Perth is home to Sinaporean, Indonesian, and Malaysian money, there’s not as much investment from Hong Kong, China, or elsewhere.
“Covid stopped that for a few years, but Singaporean investors are starting to look at Perth again, but transaction activity overall has obviously started to slow down.
“Singaporean buyers tend to love Perth hotels, but they will purchase shopping centres, industrial, vineyards, all sorts of assets.”
RWC manages properties across all asset classes right across Australia. Take a look at some of our top managements from across the nation. RWC will have a management specialist located right near your property, so enquire with us today.
Located on a major arterial intersection, this 2,179m2 building on a 4,501m2 allotment is leased to Total Tools on a long-term basis
Fully leased neighbourhood shopping centre
An “A” grade commercial/medical asset with 38 tenancies totalling 7,290m2 net lettable area underpinned by GenesisCare and Appleberry childcare centre
Fully leased, IGA anchored neighbourhood shopping centre with nine specialties
PYRMONT,
50m2 and 79m2 offices featuring private amenities conveniently located near public transport and surrounded by vibrant cafes and shops
RINGWOOD, VIC
657m2 high capacity restaurant with full commercial kitchen and five zoned dining areas
36-44 Daintree Drive, Redland Bay, 4165
New development of nine high quality, strata titled units
Sizes range from 300sqm* to 379sqm*
Ground floor reception/office and first floor mezzanine
Located in the highly successful Redlands Business Park
Close to M1 Motorway on- and off-ramps
Prices start from $1,050,000 + GST
Nathan Moore 0413 879 428
nathan.moore@raywhite.com
Hugh Fletcher 0429 583 765
hugh.fletcher@raywhite.com
RWC Bayside
raywhitecommercial.com
60 Jardine Drive, Redland Bay, 4165
777sqm* warehouse
104sqm* mezzanine
3-phase power
3 container-height roller doors
Kitchenette and disability-compliant amenities
19 on-site car parks
Located close to the M1 and Gateway Motorways
89 Tingal Road, Wynnum, 4178
933m2 disability-compliant office
Large open-plan reception/waiting area
8 private offices, training room & staff amenities
30 secure basement car spaces
250m* to rail and bus connections
Located 14km* east of Brisbane CBD
Development potential up to 28m/8 storeys STCA^
Expressions Of Interest
Closing Thur 31st August, 4pm
Offered for sale with vacant possession
Benn Woods 0408 689 651
benn.woods@raywhite.com
Nathan Moore 0413 879 428
nathan.moore@raywhite.com
RWC Bayside
raywhitecommercial.com
Lot
Maudsland, 4210
Conveniently located in the northern Gold Coast Growth Corridor, just off Gaven Arterial Road, this prime real estate is only 16km from the iconic Surfers Paradise Beach.
Available Lots:
•Lot 2 - 516m2*
•Lot 3 - 559m2*
•Lot 4 - 560m2*
•Lot 5 - 614m2*
RWC Gold Coast
47 High Street, Southport, 4215
427m2* of prime land & 458m2* of total building area
Net rent income of $208,808.36.pa + GST + outs
High exposure with 50,000* cars passing daily
8 x car spaces (5 x externally & 3 x garaged) + mancave
Zoned 'Priority Development Area' with unlimited height
6 private bathrooms, a shower and change room
Overseas owner must liquidate - call now
Auction Thursday 17 August at 11am
Gold Coast Turf Club, Bundall
Jackson Rameau 0438 451 112
j.rameau@rwsp.net
RWC Gold Coast
raywhitecommercial.com
49599 Bruce Highway, Benaraby, 4680
1,419* Hectares (3,506* acres) across seven titles
22km* south of Gladstone
Expressions Of Interest
Closing Wed 6 Sept 2023 4pm
Tony Williams 0411 822 544 tony.williams@raywhite.com
Andrew Allen 0408 799 585 andrew.allen@raywhite.com
Only 11mins* to Tannum Sands & waterfront
One of the largest private land holdings in the region
3.8km* frontage to the Bruce Highway raywhitecommercial.com
RW Special Projects Queensland
•Free standing cottage previously leased to construction business and tattoo studio.
•Site area of 604m2*
•140m2* internal area.
•Ideal for accountant, lawyer, estate agent, health, beauty, tattoo, etc^
•Off-street and on-street parking.
•Inner city CBD location. Zoned 'Principal Centre'
•Surrounding neighbours include Oaks Hotel, Commonwealth Bank and Westpac.
•Great potential for outdoor signage and business exposure.
Andrew Allen 0408 799 585 andrew.allen@raywhite.com
Atlas Corrin 0434 314 283 atlas.corrin@raywhite.com
RWC Gladstone
raywhitecommercial.com
14/368 Earnshaw Road, Banyo, 4014
1,000sqm of high-grade commercial office and
Corporate appeal with an A-grade fit-out
500sqm warehouse with access via two container height
500sqm office over two levels
Solar system producing 39 kWh from 128 solar panels
12 exclusive car parking bays
Close to public transport
Lease $240,000 + outs + GST
Maclay Kenman 0490 196 600 maclay.kenman@raywhite.com
Stephen Ferguson 0412 803 244 stephen.ferguson@raywhite.com
RWC Milton
raywhitecommercial.com
Caboolture QLD, 4510
4,748m2* warehouse and office over three buildings
8,204m2* total land
Holding income with scope for owner occupancy
In-room Fri 1 Sept, 10am
Lvl 26, 111 Eagle Street Brisbane QLD 4000
Suitable for owner occupier and savvy investors
Chris Massie 0412 490 840 chris.massie@raywhite.com
p
son Sim Grant 0433 427 503
grant@thecommercialguys.com.au
RWC Northern Corridor Group -
raywhitecommercial.com
This warehouse boasts a high-profile presence on busy Scott Street, only minutes from Cairns CBD. The warehouse has high clearance, a full bathroom and a kitchenette. From its location to its attention to detail there's nothing missing in this contemporary complex.
Details of property:
Warehouse: 225 sqm*
Office: 35 sqm*
Secured concrete hardstand: 180 sqm*
Great location positioned centrally to all the Cairns Greater Region. Right in the heart of the Cairns industrial and commercial precinct, the area is well known for its accessibility and access to major arterials. High-end properties of this calibre are worthy of inspection.
Lease
Helen Crossley 0412 772 882 helen.crossley@raywhite.com
Grant Timmins 0422 534 044 grant.timmins@raywhite.com
raywhitecommercial.com
GF / 207 Lake Street, Cairns City, 4870
Welcome to GF/207 Lake Street, Cairns City. Offering a unique opportunity for those in the medical or consulting industry. With its prime location in the medical precinct on Lake Street, you'll benefit from high visibility, ensuring maximum exposure for your business.
•Ground Floor 218.7 sqm*
•Reception and foyer
•4 separate consulting rooms
•Theatre room
•Separate administration area
•Staff room & kitchen
•Staff amenities
•Separate PWD facilities
•Onsite parking for 14 vehicles (shared with L1)
•Ambulance bay
Lease
Susan Doubleday 0408 038 380 susan.doubleday@raywhite.com
Grant Timmins 0422 534 044 grant.timmins@raywhite.com
RWC Cairns
raywhitecommercial.com
85-97 Bardon Road, Berrinba, 4117
Service Station on Prime Corner Position with Co-Located Drive-Thru
210m2 service station shop/showroom - with the option to expand
Over 500m2 Medical with additional 200m2 Pharmacy
Abundance of parking to account for the expected traffic
Multiple entrance and exit points, along with internal roads
Car Wash with 5 bays
Over 15,000 vehicles per day on Bardon Road
Lease
Mukhtaar Hashim 0433364786 mukhtaar.h@raywhite.com
Julie Ryan 0447 445 543 julie.ryan@raywhite.com
RWC CSR
raywhitecommercial.com
351 Tor Street, Wilsonton, 4350
964m2 freehold corner offers high visibility on two streets
Tenanted to a national dental brand with 105+ locations
Gross rent $51,570.60 per year Inc GST
Attractive prospect of occupying the premises or investing
Fully fitted, maintained and functional premises
Council approved for medical/paramedical space
Expressions Of Interest
Closing 31.08.2023
Sid Arora 0469 831 089 sid.arora@raywhite.com
Clearspan warehouse / excellent internal clearance
Corporate office accommodation
Leased to Bruder Manufacturing Pty Ltd
Retuning: $298,620 Net + GST PA
Brand new 3 + 2 year lease
Offers To Purchase
Harry Egan 0409 494 248 harry.egan@raywhite.com
RWC Southwest
raywhitecommercial.com
143 Evans Road, Salisbury, 4107
Functional office, awning and storage area
Commanding and elevated frontage to busy Evans Rd
Development upside (STCA)
5,059sqm of industrial land
778sqm of office area
Expressions Of Interest
Matt Wray 0408 730 943 matt.wray@raywhite.com
Greenslopes Medical Precinct is an innovative and dynamic health and medical facility that aims to transform the healthcare industry. The facility is a state-of-the-art health facility that provides an integrated healthcare system. This ensures that the community has access to the most advanced multidisciplinary collaborative and preventative healthcare services available.
•Flexible leasing options start from 70sqm*
•Construction completion date set for Q4 2024
•Directly across the road from Greenslopes Private Hospital
•Opportunity to collaborate on the design/customisation of fit-out with commitment at an early stage
•Secured staff and visitor car parking
•Large hospital-grade lifts
•Ambulance bays provided
Sale/Lease
Franz Stapelberg 0430 655 676 franz.stapelberg@raywhite.com
Chris Meyer 0422 585 357 chris.meyer@raywhite.com
raywhitecommercial.com
1305 Lytton Road, Hemmant, 4174
The architecturally designed units are situated on a high exposure corner site with proximity to Hemmant Station, Gateway Motorway, Brisbane Airport and the CBD. The project at the corner of Lytton Road and Violet Street, Hemmant presents an exciting opportunity for owner occupiers, tenants and investors alike looking for a strategically located industrial facility to lease or buy.
•Units ranging from 180sqm* - 380sqm*
•Concrete mezzanines at 3.7m* above ground floor providing fantastic clearance underneath
•Minimum of 2 allocated car spaces per unit
•Electric roller doors in each unit
•3 phase power, bathroom & kitchenette
Sale/Lease
Jared Doyle 0408 160 570 jared.doyle@raywhite.com
Jack Gwyn 0424 807 166 jack.gwyn@raywhite.com
Offering investors a refurbished, multi-tenanted asset located in a highly sought-after city fringe precinct. This freehold building presents a diverse income stream from exceptional retail and residential tenants with long-term leases in place. With a total lettable area of 309m2* and a land area of 192m2*, this freehold property represents a unique opportunity to own a premium asset in a thriving city fringe location.
•Refurbished freehold in thriving City Fringe locale
•Fully leased with excellent tenancy profile
•Income $290,000 net approx.
•Exciting new retail concept by established local retailers
•Retail lease term 5+5+5
•Spacious 4 bedroom apartment with separate access
Zorick Toltsan 0411 227 784
RWC Eastern Suburbs
raywhitecommercial.com
665 Old South Head Road, Rose Bay, 2029
•Located in the heart of Rose Bay Shopping Village, less than 10kms from Sydney CBD
•First time offered in 70 years, a generational opportunity
•Incredible opportunity to develop a 4 level mixed use residential apartment & retail complex (STCA)
•Comprises of 2 x retail shops, 2 x offices + separate 3 bedroom residence with dual access
•Estimated fully leased income of $160k per annum + GST with scope for rental uplift
•Offers rear lane access with lockup garage + additional onsite parking for 2 cars
•Land Area 430m2, Existing Floor Area 352m2 + 140m2 of external / outdoor areas (approx).
Auction 11.00am, September 9th 2023 On Site
Zorick Toltsan 0411 227 784 ztoltsan@raywhite.com
Daniel Ungar 0400 112 202 dungar@raywhite.com
RWC Eastern Suburbs
raywhitecommercial.com
1-3 Tweed Coast Road, Hastings Point, 2489
Ripples Licensed Cafe
Seascape Leisure Centre
Neptunes's Castle Kid's Club
BP Franchisee tenanted fuel station
12* various styles of tourist accommodation
Marine Discovery Centre - State-of-the-art technology
9.96 hectares of prestigious positioned land
Expressions Of Interest
Closing 31 August 2023
If not sold prior
100% Interest in the Business & Freehold
Ryan Langham 0420 581 164
ryan.langham@raywhite.com
Nathan Huxham 0403 583 306
nathan.huxham@raywhite.com
RWC Burleigh Group
raywhitecommercial.com
19-27 Rodgers Street, Kingswood, 2747
Site area - 3,835 sqm*
FSR 3.5: 1 / Height Limit 18m
Zoning - MU1 Mixed Use
Activated DA approval for 132 units
Alternative development schemes available^
180m* to Nepean Hospital
400m* to Kingswood Train Station
Expressions Of Interest
Closing Wednesday 16 August at 3pm
Samuel Hadgelias 0403 254 675
Leslie (Yifu) Li 0403 261 752
Peter Vines 0449 857 100
RWC SC
raywhitecommercial.com
168 Morgan Street, Broken Hill, 2880
High demand location for childcare
DA approved for 100 childcare spaces
Potential upside to include aftercare facilities^
Prime position, close to multiple primary schools
250m* to Broken Hill Hospital
Expressions Of Interest
Closing Thursday 17 August at 3pm
RWC SC
raywhitecommercial.com
Baxter van Heyst 0447 113 025 baxter.vanheyst@raywhite.com
161, 164-166 Little Bloomfield Street and 178 Bloomfield Street, Gunnedah, 2380
Total land size - 6,351 sqm*
Street frontage - 20m*
Zoned R3: Medium Density Residential & RU1: Primary Production
Concept plans are available
Multi dwelling and childcare centre opportunity^
Flexible settlement terms offered
1.4 km* to Gunnedah town centre
Auction Tuesday 29 August at 10:30am
Leslie (Yifu) Li 0403 261 752 leslie.li@raywhite.com
Baxter van Heyst 0447 113 025 baxter.vanheyst@raywhite.com
10/18-28 Sir Joseph Banks Drive, Kurnell, 2231
RWC Greater Sydney South is pleased to present 10/1828 Sir Joseph Banks Drive, Kurnell for sale via Expression of Interest. This incredible factory sits proudly at the end of this modern complex with its 1,162m2* internal floor area which is complimented by its large sun bathed first floor office with north facing windows wrapping around the office.
•Total Building Area of 1,162sqm*
•Modern complex with B-double access
•Quality high clearance warehouse with light filled office
•13 marked car spaces on site
Expressions Of Interest
Closing Thursday 26th August at 4pm
Brad Lord 0439 594 121 blord@raywhite.com
Dean Munk 0451 100 654 dean.munk@raywhite.com
RWC Greater Sydney South
raywhitecommercial.com
Lot 153/15 Gadigal Avenue, Zetland, 2017
Shop plus parking space in carpark
Tenanted until April 2025 with option to renew
Collect $49,535.76 (approx) rent per annum
Low strata fees (tenant paying all outgoings)
Previously approved for a café (lapsed DA)
Retro interiors, full glass frontage, cool vibes
Quick access to Eastern Distributor & airport
Alex Santelli
0403 104 146
a.santelli@rwcss.com
RWC South Sydney
raywhitecommercial.com
14 Schofields Road, Schofields, 2762
DA Approval for 1381 units across 17 buildings
Approved GFA of 118,797 sqm
Total Site Area of 120,020 sqm
Site zoned R3 and SP2
Substantial site infrastructure works already completed
Ability to stage construction and or sell down super lots
Located moments from Schofields station
Expressions Of Interest
Closing Wednesday 23 August 2023 at 3:00pm
Peter Vines 0449 857 100 peter.vines@raywhite.com
Victor Sheu 0412 301 582
victor.sheu@raywhite.com
RWC Western Sydney
raywhitecommercial.com
2,017m2* Rectangular shaped block
Single carriage-way for heavy vehicle access
866m2* High-clearance warehouse
124m2* Attached office/showroom
Covered loading area
3-Phase Power
Break-room, kitchenette, 2x toilets & shower
Sale
$2,500,000 ex GST
Frank Giorgi 0403 839 822 frank.giorgi@raywhite.com
Piette Roberts 0484 947 693 piette.roberts@raywhite.com
RWC Canberra
raywhitecommercial.com *Approx
Level 6, Unit 27/28 University Avenue, City ACT, 2601
311m2 fitted-out office
Easy access to public transport, public parking, restaurants & cafes
Located in heart of Canberra's CBD.
Impressive reception area
Large board room and meeting room
Two offices and a spacious open plan work area
Kitchenette / staff break out area
Sale
$1,400,000 ex GST
Andrew Green 0417 133 071 andrew.green@raywhite.com
3/29 Jersey Road, Bayswater, 3153
Auction 24th of August at 11:00am
Onsite
Building Area 330 sqm*
Four (4) Car Spots
Industrial 1 Zone (IN1Z)
4.9m Roller Door Clearance
5.5m Roof Height
Office & Showroom Space
Mitch Rosam 0402 355 805
mitch.rosam@raywhite.com
Nitish Taneja 0416 890 577
nitish.taneja@raywhite.com
RWC Ferntree Gully
raywhitecommercial.com
174S & 174D Weatherall Road, Cheltenham, 3192
Tenant - Bottlemart
3 + 3 Years commencing April 2023
Paul Waterhouse 0417 660 153 paul.waterhouse@raywhite.com
Nitish Taneja 0416 890 577 nitish.taneja@raywhite.com
Shop Area 60sqm*
The home - Potential Rent: $700-$750p/w.
Completely freestanding and separately accessed
RWC Ferntree Gully
Rent $28,880.00* + GST and Outgoings with Annual 3% raywhitecommercial.com
220-222 Old Dandenong Road, Heatherton, 3202
23,180sqm* of vacant land moments from Dingley bypass & Major
Auction Wednesday 9th August at 11am
Zoned Green Wedge under the city of Kingston
Paul Waterhouse 0417 660 153
paul.waterhouse@raywhite.com
Nitish Taneja 0416 890 577
Close proximity and access to the Dingley Bypass RWC Ferntree Gully
nitish.taneja@raywhite.com
raywhitecommercial.com
9/229 Colchester Road, Kilsyth, 3137
Building Area: 175 sqm* LED Warehouse Lighting
Auction Auction Tuesday 22nd August at 11am
Nitish Taneja 0416 890 577
nitish.taneja@raywhite.com
Three (3) Car Parking
Self contained amenities
Land Area: 250 sqm* Industrial 1 Zone
Automatic Roller Door
80 amps of 3 Phase
Paul Waterhouse 0417 660 153
paul.waterhouse@raywhite.com
Good Natural Light
raywhitecommercial.com
RWC Ferntree Gully1265 North Road, Oakleigh, 3166
Total land area | 265m2*
Ryan Amler 0401 971 622 ryan.amler@raywhite.com
Simon Liang 0451 954 318 simon.liang@raywhite.com
Plus separated two-bedroom
Total building area | 130m2* RWC Oakleigh
Comprising shop front | 50m2* raywhitecommercial.com
Total rental income | $39,370 per annum
G01/9 Balcombe Road, Mentone, 3194
New 5-year lease to January 2028 plus option to 2033
Net Income: $60,000 pa* plus GST
Annual fixed 4% increases
Immaculate presented 150sqm retail premises
Two onsite car spaces and storage cage on the title
Sale
Ryan Trickey 0400 380 438 ryan.trickey@raywhite.com
Will Jonas 0422883011 will.jonas@raywhite.com
RWC Glen Waverley
raywhitecommercial.com
213-215 Blackburn Road, Mount Waverley, 3149
Land - 1,015m2*
Zoning - Commercial 1
Building - 480m2*
Two Food preparation areas at either end
Level one office and back of house area
Onsite car parking
Sale
Price on application
Ryan Trickey 0400 380 438 ryan.trickey@raywhite.com
Will Jonas 0422883011 will.jonas@raywhite.com
RWC Glen Waverley
raywhitecommercial.com
123 Watkins Street, White Gum Valley, 6162
Located just 3km* from the Fremantle Town Centre
Three-storey walk-up apartment complex
12 strata units - all fully leased
Land Area: 2,630m2
12 car bays
"Residential R20/R25"
Gross Projected income: $218,634*pa (Sept 2023)
Brett Wilkins 0478 611 168 brett.wilkins@raywhite.com
Stephen Harrison 0421 622 777
stephen.harrison@raywhite.com
RWC WA
raywhitecommercial.com
107 Abernethy Road, Belmont, 6104
Freestanding two-storey office building on 911m2* parcel of land
604m2* NLA
Split into 3 separate tenancies
Excellent exposure along Abernethy Road
19 parking bays
Ability to occupy and/or secure leased investment
Buy 1, 2 or all 3 units
Expressions Of Interest
Chris Matthews 0413 359 315 chris.matthews@raywhite.com
Brett Wilkins 0478 611 168 brett.wilkins@raywhite.com
RWC WA
raywhitecommercial.com
23 Tribute Street West, Shelley, 6148
Located at the entry to the Shelley Primary School
Rare opportunity for medical & allied health professionals
995m2 of land | 190m2 NLA
Reception | 3 consulting rooms | Pathology room
Staff and patient amenities
Kitchen & staff room
Expressions Of Interest
Stephen Harrison 0421 622 777 stephen.harrison@raywhite.com
Brett Wilkins 0478 611 168 brett.wilkins@raywhite.com
Prominent CBD location
2 storey, heritage listed hotel building
Huge beer garden and entertainment area
Substantial nightclub building and fit out
Securely leased - established tenant
Sale
Phil Zoiti 0419 993 656 phil.zoiti@raywhite.com
RWC WA
raywhitecommercial.com
23 & 26 Sharpe Avenue, Karratha, 6714
The best Thai restaurant in Karratha
Lease: 5 yrs exp Dec 2027
Karratha central location
123m2* restaurant + 27m2* alfresco
$840,000 (Going Concern)
Sale
Brett Wilkins 0478 611 168 brett.wilkins@raywhite.com
27-29 King Street, Norwood, 5067
Approx 499m2
Flexible floorplan to suit a variety of uses (S.T.C.C).
Ample on site parking
Ian Lambert 0413 155 665
ian.lambert@raywhite.com
Lauren Herman 08 7228 5600
rwcadmin@raywhite.com
RWC Adelaide Asset Management
raywhitecommercial.com
Near new 2 storey post-quake office/showroom building. Well located on an outstanding high profile corner site. Ideally situated to service Shirley, the Central City and the surrounding northern and eastern suburbs. This 728m2* standalone building is split into four separate fully self-contained office areas of 182m 2* each. Unit 1 is leased returning $38,134pa + GST net. Unit 2 (182m2*) and Units 3 & 4 (364m2*) are vacant (total vacancy 546m2*) providing an opportunity for an investor to lease out or an owner occupier to buy and occupy all or part of the vacant area and collect a rental from the leased area(s). Advantaged by good natural light and having a total of 10 onsite car parks. Excellent signage opportunities (subject to any consent). Ideal for tenants, an owner occupier or an investor.
