Ray White Portfolio Magazine - September 2023

This month in Portfolio

We’re proud to present the September edition of Portfolio magazine, and I hope you enjoy everything this month’s edition has to offer.

RWC was proud to celebrate the achievements of our network last month at our annual awards evening. As we come off the market highs seen throughout the pandemic, it now takes more expertise than ever to provide top results for our clients, which makes our members’ achievements over the last 12 months all the more exceptional.

We thank our clients for their continued support. The current market takes exceptional skills to navigate, which makes it more important than ever to choose the right agent or asset manager to sell or manage your property.

Thank you for choosing RWC and trusting our hardworking network of experts to provide the best result for your property.

In this month’s edition of Portfolio, Ray White head of research Vanessa Rader takes a look at the student accommodation sector and discusses the need for more housing as international students return to the country. She also analyses how each asset class has been performing so far in 2023.

We held our August Between the Lines webinar where Vanessa interviewed RWC office leasing experts Jeremy Piggin, Luke Pavlos, and Sean Hennessy. Tune into the next Between the Lines webinar on September 13 where we will discuss the Gold Coast market.

James Linacre General Manager

Experts discuss nation’s office markets

Hundreds of people tuned in to August’s Between the Lines webinar which focussed on office markets around the country.

Host Ray White head of research Vanessa Rader, was joined by office leasing experts Luke Pavlos, director of commercial services at RWC WA, Sean Hennessy, director of office leasing at RWC Queensland, and Jeremy Piggin, director at RWC Sydney Office Leasing.

The panel of experts looked at the recent results from the Property Council of Australia’s office market report, unpacking current vacancies, take up, supply, and the future of Australian office markets in the post pandemic environment.

Ms Rader said Queensland and Western Australia had seen the best performing office markets thanks to migration and increased population during the pandemic.

She asked Mr Hennessy what had been happening in the Brisbane market.

“With the Olympics coming and everything positive that’s happening there, we’ve really seen a positive uptake in tenant moves,” Mr Hennessy said.

“What we’ve seen essentially is that flight to quality with people moving up to that prime grade stock. Secondary grade stock is getting a little bit left behind.

“We’re also seeing a lot of those fringe markets really come into their own. After covid now everything is starting to go back to normal, and we’re starting to see some businesses venture out from the CBD.

“Overall it’s been going strong and there’s been some really positive signs for us.”

Ms Rader said the Brisbane CBD was one of only two CBDs which saw a vacancy decline in the last year. She said Western Australia’s office market was also doing quite well, despite the state not having the same work-from-home issues seen by the eastern states due to its strong border closures during covid.

“We’re travelling pretty well and weren’t affected too much by covid over that period. Borders shut and allowed us to get on with business in terms of the mining sector, with commodity prices some of the highest they’ve been in a long time,” Mr Pavlos said.

“That really helped to grow mining projects and infrastructure projects which has then filtered into the office markets as well, with companies taking up more space. That feeds into other areas as well such as legal, accounting, and engineering - it’s been really positive.

“We haven’t been affected too much by working from home, we have the highest occupancy rate in Australia.”

While Western Australia had seen strong demand from tenants in the mining sector, Mr Hennessy said Brisbane had seen any particular tenant types looking for office space, but instead a shift in the kind of space tenants were after.

“When they’re moving, tenants are almost trying to earn the right to ask staff back into the office, which means creating a good environment, getting the fit outs and moving away from that stereotypical office space,” Mr Hennessy said.

“They’re trying to create a reason for staff to want to come into the office.”

With the Sydney office market being heavily affected by covid lockdowns and working from home, Mr Piggin said businesses were definitely trying to create spaces which encourage staff to come back into the office.

“A lot of businesses are really struggling to work out their head count, like how many people will be coming in on how many days, and what type of building and fit out do we need to cater for those. And also what kind of culture they want to create to attract staff back to the office,” Mr Piggin said.

“Depending on the sector it does differ, legal and IT for example are completely different in their outlook. At the moment there’s a lot of sublease space on the market in the IT industry.

“A lot of those IT companies want to have space but they want to downsize. They often don’t need to find space straight away and can work from home or go into co-working flexible office arrangements for a few months while they work out their exact headcount and what kind of fit-out they need. There’s a lot of moving parts.

“It’s been a challenging year but there are transactions happening, it’s just a bit of a different landscape at the moment.”

Due to the uncertainty in the office space for a lot of businesses, Mr Piggin said he was noticing an increase in flexible working spaces.

“They’re trying to provide more flexibility in the fitout,” he said.

“We’re seeing more collaboration zones and more hot desking. We’re seeing more meeting spaces as well.

“A lot of companies are creating mandates where you don’t own a particular workstation, you just

come in and put your stuff in a locker and share the space.

“So companies don’t need as big a footprint as they did in the past, but that’s depending on the sector again. Law firms seem to be a lot stricter on people coming back to work, but their fitouts are changing as well to become more of an open plan environment.”

Shorter-lease agreements were also a trend the experts were seeing across their respective markets.

“Small to medium size tenants are going for shorter lease agreements now because of the uncertainty of where they’re going to be, so those three-five year leases are becoming more common because of that,: Mr Hennessy said.

Mr Piggin said landlords were having to be more flexible with their lease agreements.

“We’re now sometimes seeing two-year terms,” he said.

“Incentives are huge compared to what we’ve seen historically.

“So a lot of owners are having to get creative in order to attract tenants back into the market and lease out space.

“There’s a lot of backfill space in the secondary market, big chunks are coming up now. So its a time now for owners to try and improve their amenity, refurbish, and make sure they have a product in the market that can attract new tenants moving forward.”

Tune into the next Between the Lines webinar on September 13 where we discuss what’s happening in the Gold Coast commercial market.

International students adding to housing supply issues

VANESSA RADER Ray White Head of Research

There have been 648,700 international student enrolments across Australia this year, a 27 per cent increase on the same time last year. After China banned foreign university online courses earlier this year, we saw a remarkable increase in the number of international visas and subsequent enrolments in Australian courses. The Chinese foreign student population is the largest in the country, representing 22 per cent of all international students, followed by India (16 per cent) and Nepal (nine per cent). Despite this large jump in student numbers, activity continues to still be behind 2019 results, however, there has been a movement towards NSW over Victoria with recovery occurring quicker in the more northern state. NSW is now home to the bulk of the student population, while markets such as Queensland, WA and SA have also increased their representation.

While student numbers were higher prior to COVID-19, so too was our development of purpose built student housing. The rise of offshore investors into this space saw a strong uptick in development both on-campus and private facilities. Many groups came to Australia to capitalise on this need, however, have been quiet over the last few years. Construction starts were at their highest in 2019 where 8,000 units commenced across 22 projects, the bulk located in Sydney, Melbourne, Brisbane and Adelaide, with some of the first purpose built facilities in Perth also coming online. With the tap turning back on for international students, and the shortage of housing across the country, the need to continue to develop student accommodation options has now expanded. With most capital cities recording residential vacancy rates in the sub 1.5 per cent range, and rentals increasing as much as 30 per cent per annum in some markets, the mismatch in demand and supply across the broader residential market has been added to by this rapid influx of students.

Encouragingly, over the last 12 months we have seen more than 3,500 purpose built student accommodation units completed (dominated by Sydney and Melbourne), many of which were fully subscribed to prior to completion, further emphasising the underlying demand. While 2023 has seen limited new starts, there are close to 2,500 units currently under construction likely to be added to supply over the next 18 months. While we have seen some improvement in development activity, the limited movement in this space during the pandemic has seen the need for some “catch up”, not dissimilar to the broader residential market grappling with population increases fuelled by immigration. However, a combination of labour shortages and high material costs continues to strain the building industry, coupled with lengthy planning delays all adding to the untimeliness of supply projects.

Which asset class has performed best in 2023?

VANESSA RADER Ray White Head of Research

The commercial property markets have had a tough 2023, with interest rates growing at their fastest pace on record, making it difficult to obtain finance. As a result we have seen a significant reduction in investment activity with both listings and transaction volumes down and a shift in capital values across all asset types via a growth in investment yields.

Recent data from MSCI on the total returns across major asset classes has highlighted this downward trend seen since peak market activity in the 2021-2022 period. While for many asset types total returns remain in positive territory, this has been propped up by stability in income return, while capital returns have fallen into negative for all asset types with the exception of industrial.

Retail as an investment class has been through a prolonged difficult period. Competition from online trading has caused issues for brick-and-mortar retail which has kept returns below other commercial asset types. While returns did see some resurgence over the last few years, where sales activity peaked, these have again moved downwards despite the consistency of income return. In June 2023, average retail capital return fell into negative territory to -2.7 per cent. No state has been immune to the changing fortune for retail with capital returns ranging from -0.7 per cent in Victoria to -6.0 per cent in Western Australia. All segments of retail have been impacted by these capital changes, from larger super and major regional centres (-1.9 per cent) through to neighbourhood (-4.4 per cent), however, income returns remained steady at 5.3 per cent and 5.2 per cent respectively.

Office has been faced with significant difficulties spurred on by work from home trends born from the pandemic. Low unemployment and office supply are adding to the difficulty for this sector, which has been hampered by the high vacancy environment, resulting in strong incentives impacting effective rental rates. CBDs have seen greater change in total returns at

-2.3 per cent while non-CBD sits at -1.3 per cent. Again some stability in income is keeping these rates elevated while capital losses average -6.5 per cent and -6.1 per cent respectively. Canberra, Sydney and Perth CBDs recorded some of the poorest results with capital returns recording -11.1 per cent, -7.2 per cent and -6.4 per cent respectively, while in non-CBD markets, Parramatta has been hard hit at -13.2 per cent.

Despite the doom and gloom of retail and office markets, industrial continues to perform given the strong demand for industrial stock and limited supply additions across the country. While the sizable rental growth over the last few years has now slowed, capital returns continue to be positive across most regions. Sydney is leading the charge, up 5..1 per cent in June 2023, while Melbourne is the only market to record an annual decline of -0.2 per cent. Investment yields for industrial have seen the tightest rates on record, with some types featuring cap rates in the sub 4 per cent range, after historically being the highest yielding asset class of the traditional commercial investment classes.

Assets under management

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.

The “Sportshub” is a dynamic commercial space

a prime Sunshine Coast location, offering versatile facilities for sports and recreation businesses

RWC Adelaide Asset Management HALLETT COVE, SA

High quality medical and allied health asset with secure leases to established tenants

RWC Glen Waverley SCORESBY, VIC

Standalone suburban Woolworths supermarket with several specialty retail tenants

RWC Southwest RICHLANDS, QLD

Blue chip tenant, Guzman y Gomez secured on a 10 year

RWC Northern Corridor Group BOKARINA, QLD

in

A purpose built 1,747 sqm* showroom located on a major arterial road leased to national tenant Sydney Tools

RWC BAYSIDE MOOROOKA, QLD

A traditional neighbourhood convenience centre with 60sqm* main road exposure, on-grade car parking, and a quality mix of 9 national and local tenants

Queensland

13 & 34/5 Golden Orchid Drive, Airlie Beach, 4802

The ultimate lifestyle package overlooking The Whitsundays

•Freehold restaurant & bar

•3 bedroom unit + managers unit

•One of Airlie beaches most desirable restaurant locations

•Own, manage, or lease this exceptional opportunity

•Potential to expand restaurant significantly (STCA)

•Located within the Whitsunday Terraces

Expressions Of Interest

Closing Wednesday 4 October 4pm 2023

Brad Merkur 0414 389 300 b.merkur@rwsp.net

Scott Wells 0412 766 163 s.wells@rwsp.net

RWC Gold Coast

raywhitecommercial.com

Lot 1/11 Karp Court, Bundall, 4217

Ground level professional office space

RWC Gold Coast presents a rare opportunity to purchase this impressive ground floor premises that allows easy entry to all customers. This property is best suited for an owner-occupier or investor, the property includes:

•Quality fit-out, including a reception, three offices, boardroom, kitchenette, storeroom, and open workstation area all fully air-conditioned

•94m2* zoned "Innovation" also allows retail use

•Two car spaces (1x basement, 1x street level)

•Currently tenanted (lease expires 31 May 2025, gross rental $31,020 plus GST

•Located in the Bundall CBD office precinct, conveniently located next door to the café

Auction Thursday 28 September at 11am Gold Coast Turf Club, Bundall

David Djurovitch 0411 133 307

d.djurovitch@rwsp.net

RWC Gold Coast

raywhitecommercial.com

2/12 Ern Harley Drive, Burleigh Heads, 4220

Burleigh Heads 569m2* industrial unit

569m2* Industrial unit

Includes upstairs offices, 3 phase power

Zoned 'Medium Impact Industry'

Full height concrete tilt panel'

Can be split into 2 units, double roller

Must be sold

Auction

Thursday 28 September at 11am

Gold Coast Turf Club, Bundall

David Djurovitch 0411 133 307

d.djurovitch@rwsp.net

RWC Gold Coast

raywhitecommercial.com

102 & 102a/111 Lindfield Road, Helensvale, 4212

SOHO style commercial/ residential under one roof

Adjacent to Helensvale Plaza

Centrally located next to Helensvale Plaza, this SOHO street office/ home office opportunity is not to be missed. Each unit is currently rented to residential tenants. Helensvale is currently experiencing high demand and a shortage of residential and commercial properties. Situated adjacent to Helensvale Plaza and a short distance to Westfield Shopping Centre Helensvale, this dual occupancy property is a very attractive asset.

•Central Helensvale location

•Two income streams from two units on one title

•Courtyard and balcony spaces

•158.58m2* (80.4m2* and 78.19m2*)

•Live in one & use the other as office space or rent both

•Two secure car parks

15 Wood Street, Mackay, 4740

Stunning art deco hotel in the heart of Mackay business District

•Stunning strategically based, two-story art deco building positioned in the commercial core CBD of Mackay recently re-roofed

•First time on the market in 36 years

•23 mixed accommodation rooms and four bedroom managers house

•14 highly sort after gaming authorities, 2am trading license & 800 person capacity

•Large beer garden with outdoor stage, seven bars including two pop-up & seven pool tables, spacious dining room

•Large regional centre with strong employment opportunities

•Strong entertainment base, commercial kitchen, keno, gaming, entertainment, and accommodation

•Future development opportunity in the heart of

Expressions Of Interest

Closing 4pm Wednesday 20

September 2023

Craig McVean 0400 563 623

c.mcvean@rwsp.net

Scott Wells 0412 766 163 s.wells@rwsp.net

RWC Gold Coast

raywhitecommercial.com

8/39 White Street, Southport, 4215

State of the art premises | suit owner occupier or investor

•303m2* Boasting a stunning fit-out made up of a welcoming reception area, impressive lounge waiting room, 3 x practitioner offices each with hand basins, 3 x treatment rooms, office space, unisex toilets, 2 x powder rooms, lunchroom/kitchen, laundry, ducted airconditioning throughout. Internal access to the adjoining radiology.

•10 Exclusive podium car spaces

•Currently leased with the opportunity to occupy premises prior to the lease expiry

•Ideally located within walking distance to Light rail station, the new Queen Street Village, Australia Fair, Courthouse, Major banks, Broadwater Parklands, and more

Auction Thursday 28 September 2023 at 11am, at the Gold Coast Turf Club

David Djurovitch 0411 133 307 d.djurovitch@rwsp.net

RWC Gold Coast

raywhitecommercial.com

1/10 Harrington Street, Arundel, 4214

New industrial unit located at the front of the complex and with 7 car parks on title

•Located in the middle of the Arundel Industrial Precinct

•Sought after front unit with excellent street exposure

•7* allocated car parks (2* under cover + 5* additional)

•Construction and fit out to the highest of standards

•Air conditioned mezz office with carpets + kitchenette

•386m2* total lettable area / leased until May 2024

•Male / Female amenities downstairs & upstairs

•High clearance roller door and warehouse

•Close proximity to the M1 Motorway

•22 panel 6.6kw solar system

Auction 8th September Online at 12:00pm

Travis Rayner 0416 628 930

travis.rayner@raywhite.com

Ryan Langham 0420 581 164

ryan.langham@raywhite.com

RWC Burleigh Group

raywhitecommercial.com

Lot 2 and Lot 7 Leafy Lane, Chevallum, 4555

Industrial and tourism development site opportunity

Potential tourism or future development site

Marshall ski lakes and balance of industrial land

3 large lakes on 52.5ha* of land

Suitable for Caravan Park, 22.3ha*

Directly adjacent to the Bruce Highway

Asset borders land already zoned Light Industry

Travis Rayner 0416 628 930

travis.rayner@raywhite.com

Ryan Langham 0420 581 164

ryan.langham@raywhite.com

RWC Burleigh Group

raywhitecommercial.com

59 Railway Street, Mudgeeraba, 4213

Fully leased multi-tenanted retail investment

1,447sqm* of Center zoned land

Auction On-site 11am

20 October 2023

Travis Rayner 0416 628 930

travis.rayner@raywhite.com

Ryan Langham 0420 581 164

Low maintenance with substantial holding income

Extensive renovations recently completed

8 Tenants (100% leased/long term tenants) Potential future development upside

Excellent Tenancy Mix inc. Whiskey Bar, Physio, an award winning Restaurant and more

ryan.langham@raywhite.com

RWC Burleigh Group

raywhitecommercial.com

32 Pimpama Jacobs Well Road, Pimpama, 4209

DA approved medical centre / general commercial space

1,255*m2 Medium Density Zoned site

Located in burgeoning urban area

Brisbane - Gold Coast Growth Corridor

Easy access to M1 North and Southbound

Approved for a 2* level complex

Total GFA 506*m2 with 17* Car parks approved

Will suit owner occupiers or investors

Expressions Of Interest

Closing 4pm 15th September 2023

Travis Rayner 0416 628 930

travis.rayner@raywhite.com

Ryan Langham 0420 581 164

ryan.langham@raywhite.com

RWC Burleigh Group

raywhitecommercial.com

Lot 1001 Broadacres Drive, Tannum Sands, 4680

4.593HA* site

46 Built untitled lots

Located in the established Anchor Shores Estate

Positioned 20min* south of Gladstone's CBD

Land Area: 4.593Ha*

46 built blocks ranging from 667m2* to 1,340m2*

Designated Low Density Residential zoning

Services available for connection to each lot

Location affords a coastal living lifestyle

Expressions Of Interest

Chris Czernik-Wojcicki 0413 481 971 chris.cw@raywhite.com

Tony Williams 0411 822 544

tony.williams@raywhite.com

RW Special Projects Queensland

raywhitecommercial.com

36-44 Daintree Drive, Redland Bay, 4165

9 x A-grade industrial units in Redlands Business Park

New development of high quality, strata titled units

Sites 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

23 South Trees Drive, Gladstone, 4680

For sale or lease - large insdustrial hardstand

•Land area of 2.766* hectares

•Security fenced to street front

•Fully formed, levelled and compacted

•Dual accesses to South Trees Drive

•Zoned "Medium Impact Industry"

Contact Andrew Allen, Ray White Commercial Gladstone for more details.

Sale/Lease Offers to buy or lease considered

Andrew Allen 0408 799 585 andrew.allen@raywhite.com

RWC Gladstone

raywhitecommercial.com

141-145 Griffith Road, Newport, 4020

Fully tenanted local centreMariner Plaza

•833m2* net lettable area

• 3,110m2* land area

• Circa $288,178.78 net income

• Rental upside

• Exclusive water view location

• Exceptional traffic exposure

• 41 car parks - ratio of 1 : 20

• Public transport at front of property

• Anchored by Friendly Grocer, Ray White & Champion Cellars

• Surrounded by major ongoing development & infrastructure

Aaron Canavan 0447 744 948 aaron.canavan@raywhite.com

Chris Massie 0412 490 840 chris.massie@raywhite.com

raywhitecommercial.com

RWC Northern Corridor Group

3373 Pacific Highway, Slacks Creek, 4127

Unrivalled M1 development / retail opportunity

2600sqm regular shaped site

Unrivalled exposure to the M1 Pacific Highway

Huge development upside

185sqm corporate office / retail space

Prime exposure to over 131,000 passing cars daily

Fully concreted hardstand

Auction

On site auction 11am Thursday

14th September, 2023 (unless sold prior)

Jaems Balfour

0411404249

j.balfour@raywhite.com

Lachie Hale

0414911099

lachie.hale@raywhite.com

RWC Southwest

raywhitecommercial.com

Expressions Of Interest Closing 4pm, 6 October

Unique opportunity of iconic business and property

Business Sale

•Retail & wholesale business, providing strong cashflow

•Recognised name in retail/wholesale servicing many sectors across the Toowoomba region

•Opportunity to own and deliver from a quality location with well serviced plant & equipment to retain or update the fitout; wholesale relocation site available

Property Sale (4,41sqm* over 2 sites)

•6 rented units with excellent income

•3 storeys with lift and 70 car parks, with over 20,000* vehicles passing daily

•Constructed of concrete blocks and brick, iron & aluminium in the mixed use zoning (priority development area) with a further 6 storeys possible^

•Building/Floor Area: 1,760sqm*

•Total NLA: 2,338sqm* | Total Land Area: 4,411sqm*

Peter Marks 0400 111 952 peter.marks@raywhite.com

GF/36-38 Moffat Street, Cairns North, 4870

Professional office Cairns North ground floor - 210sqm

Featuring a versatile layout, this property offers ample space to accommodate a range of allied health or consulting services. The welldesigned floor plan allows for seamless workflow and efficient operations. With a prime ground floor location, accessibility is guaranteed for both staff and clients and is PWD compliant.

Situated in the heart of Cairns north, the surrounding area is home to a diverse range of businesses, ensuring a steady flow of potential clients. Additionally, the property is conveniently located near the Cairns Airport precinct with easy access to major roads and public transport options, your business will benefit from excellent exposure and connectivity.

Don't miss out on this fantastic opportunity contact us today to arrange a private inspection or to obtain further information.

Lease

$66,000 pa gross + GST

Minimum 2 Years

Grant Timmins 0422 534 044 grant.timmins@raywhite.com

Susan Doubleday 0408 038 380 susan.doubleday@raywhite.com

raywhitecommercial.com

26 James Street, Cairns North, 4870

Business in the front, party out the back

The freestanding original cottage with permitted commercial use, located on the high-profile James Street is arguably one of Cairns cutest properties. This is one not to be missed for those that like to wow their clients/customers.

Recent updates have further enhanced the property but still retain all the period classics and oozes that original charm. The clever blend of a tropical outdoor kitchen and covered entertainment area maximises the entire footprint and takes the property to another level. Set on 241sqm parcel of land with dual street frontages, this high-profile address is only minutes to Cairns City centre always abuzz with tourists and events and renown cafés, bars and entertainment venues. The property is for Sale or Lease with inspections by appointment only and will not disappoint.

If you are looking for the wow factor to present your business this is certainly not one to think about - just do it.

Sale/Lease

$620,000 Sale

$33,000 Lease 3 yrs min

Susan Doubleday 0408 038 380 susan.doubleday@raywhite.com

Grant Timmins 0422 534 044

grant.timmins@raywhite.com

raywhitecommercial.com

RWC Cairns

RWC Cairns

4.65 HA industrial development site with holding income

Mixed use zoning

To be sold individually or in one line

Lot 24 - ongoing DA for warehouse (27,100m2*)

Lot 34 - leased with holding income (19,400m2*)

Easy access to pacific motorway (1km*)

Existing warehouse with 7,000m2*of hardstand

Offers To Purchase

Mukhtaar Hashim 0433 364 786 mukhtaar.h@raywhite.com

Julie Ryan 0447 445 453 julie.ryan@raywhite.com

raywhitecommercial.com

236 Gardner Road, Rochedale, 4123

1.39 HA development site zoned emerging community

Zoned emerging community

Expansive 11,394m2 site

No significant overlays to restrict creativity

Existing dwelling providing holding income

20min to Airport & 40min to Gold Coast

Close proximity to local amenities

Expressions Of Interest

Closing 12PM 28th Sep

Sid Arora 0469 831 089 sid.arora@raywhite.com

106.3B Leonardo Drive, Brisbane Airport, 4008

Premium First Floor Office

Single-level tenancy

Attractive dual-level void entry foyer

9 car parks plus adjacent parking facilities

Ample glass fit-out and boardroom

Ready-to-use fibre internet connections

Accommodation for 15 workstations

Convenient access to three bathrooms

Sale/Lease

Contact Agent

Dylan Thomas 0428 242 935 dylan.thomas@raywhite.com

RWC Milton

raywhitecommercial.com

3/1927 Ipswich Road, Rocklea, 4106

Strategic location with easy

Total area of 1,503sqm*

Includes a spacious 1,228sqm* warehouse

275sqm* of office/showroom area over two levels

High bay clear span warehouse suitable for a variety of industrial uses

Dual street access

Excellent connectivity and accessibility

Flood-free in 1974, 2011 and 2022

Lease

Contact Agent

access raywhitecommercial.com

Stephen Ferguson 0412 803 244 stephen.ferguson@raywhite.com

Dylan Thomas 0428 242 935 dylan.thomas@raywhite.com

RWC Milton

Maroochy River Jetty leasehold & business

Located only 3km* from Maroochydore CBD

30 year lease term (expires 2044) with the ability to renew

1 x Commercial Passenger Vessel (98 people) with liquor licence

1 x Commercial Passenger Vessel (65 people) with new engine

319m2* including jetty structure

Leasehold price $1.2M

All IP, fixtures and fittings required to run the business

Sale

$1,850,000 + GST (if applicable)

RWC Noosa & Sunshine Coast

raywhitecommercial.com

John Petralia 0414 812 719

john.petralia@raywhite.com

Lots 6-10 Enterprise Circuit, Maryborough West, 4650

Brand new warehouse facility - direct Bruce Highway access

Brand new 7,273m2* tilt panel warehouse facility

Buy or lease the entire building or one of the tenancies

Tenancy 1 - 3,423m2* warehouse plus 1,200m2* mezzanine/office

Tenancy 2 - 2,250m2* warehouse plus 400m2* mezzanine/office

B-double & full drive through access, ample hardstand

Layouts and finishes tailored to suit specific requirements

Full double height internal clearance and container height roller doors

Sale

Adam Morley 0476 168 712

adam.morley@raywhite.com

Multi tenanted A-grade industrial asset

12 self-contained tenancies ranging in size from 50 sqm to 145 sqm

Attractive, high clearance, architectural design with good street appeal

Fully secure complex with auto-timed electric gates

Fully concreted, extremely low maintenance corner site

Glass shopfronts and electric roller door access to each unit

Net income $203,800 pa + GST*

Land 2,053 sqm with NLA of 1,030 sqm

Sale

$3,150,000

Stacie Stockham 0474 419 166 stacie.stockham@raywhite.com

Troy Townsend 0407 213 887 troy.townsend@raywhite.com

RWC Townsville

raywhitecommercial.com

*Approx

302- 314 Sturt Street, Townsville City, 4810

High profile CBD commercial building with on site parking

High profile commercial building on main arterial road

Land area 1,518 square metres zoned Principal Centre CBD

Zoned Principal Centre CBD

Configured as 9 professional office tenancies with 18 car parks

Capable of producing $150,000 net per annum + GST (Fully Let)

Expressions Of Interest

Graeme Russell 0448 410 067 graeme.russell@raywhite.com

Troy Townsend 0407 213 887 troy.townsend@raywhite.com

RWC Townsville

19-21 Middle Street, Cleveland, 4163

Cleveland health anchored by Ramsay Health Care

Three theatre day hospital on-site

Construction due for completion in Q4 2024*

Flexible leasing options from 80sqm* +

4 levels of medical/allied health space

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

High main road traffic exposure

Over 115 secured parking spaces

Lease Contact Agent

Franz Stapelberg 0430 655 676 franz.stapelberg@raywhite.com

Chris Meyer 0422 585 357 chris.meyer@raywhite.com

RWC TradeCoast

raywhitecommercial.com

14 Jijaws Street, Sumner, 4074

Completion from October 2023

17 units from 131sqm* - 588sqm*

Units 1-7 are brand new

Units 8-17 will be like new/ refurbished

Epoxy sealed warehouse floors

Amenities in each unit

Electric roller doors

80amps of 3 phase power to each unit

Sale/Lease

Available late 2023

Jack Gwyn 0424 807 166 jack.gwyn@raywhite.com

Jared Doyle 0408 160 570 jared.doyle@raywhite.com

Corporate A-grade office in Springwood 500 sqm

•Fit out in place

• Reception area with waiting room

• Corporate sized fully equipped boardroom

• Multiple open plan areas + training room

• 7 Executive offices

• 2 Storage rooms

• Ducted air conditioning throughout

• Full size modern kitchen, suitable for catering to corporate events

• Spacious outdoor undercover eating area are with sink

• Male & Female amenities

• Security system in place

• Data room

• Archive room

• 13 Allocated basement car parking

• Signage opportunity

Lease

Aldo Bevacqua 0412 784 977 aldo@rwcs.com.au

RWC Springwood

raywhitecommercial.com

3-7 Bowen St, Slacks Creek, 4127

Concrete hardstand - Fully fenced

•2,311 sqm of concrete hardstand

• Power and water supply available

• Prime location

• Easy access to M1 and Logan Motorway

• Available now to occupy

Lease

10/3360 Pacific Highway, Springwood, 4127

Corporate office with M1 exposure

•Areas from 240 sqm to 495 sqm

Aldo Bevacqua 0412 784 977 aldo@rwcs.com.au

•Total area 495 sqm

• Excellent exposure to Pacific Highway & M1

•Fascia and illuminated pylon signage available

•Disabled access

• Ducted air-conditioning throughout

• Huge on-site car parking

• Kitchenette

• Shared male and female on-site amenities

• Internet connection available

•Easy access to major arterial roads

• Minutes to Pacific Highway on / off ramps and major connecting roads

Lease

Aldo Bevacqua 0412 784 977 aldo@rwcs.com.au

RWC Springwood raywhitecommercial.com

RWC Springwood raywhitecommercial.com

NSW | ACT

Suite 2.08/90-96 Bourke Road, Alexandria, 2015

Prime creative suite in sought-after ‘Collins on Bourke'

78sqm contemporary open-plan in modern setting

Polished concrete floors, high ceilings

Ideal for growing businesses seeking state-of-the-art

1 car space, shared terrace

Easy access to major transportation routes

Auction Tuesday September 12, 10:30AM

Auction Works, Mezzanine Level 50 Margaret Street, Sydney

Phillip Elmowy 0425 285 444 p.elmowy@rwcss.com

Anthony Vella 0412 232 904 a.vella@rwcss.com

RWC South Sydney

raywhitecommercial.com

1/51-53 Bourke Road, Alexandria, 2015

Versatile creative office/showroom

Total area 294sqm, 2 car spaces

156sqm ground floor + 77sqm mezzanine

High ceilings, roller door, loading dock

Modern amenities, kitchenette, air-conditioned

Vacant Possession

Motivated Vendor

Auction Tuesday September 12, 10:30AM

Auction Works, Mezzanine Level 50 Margaret Street, Sydney

Phillip Elmowy 0425 285 444 p.elmowy@rwcss.com

Anthony Vella 0412 232 904 a.vella@rwcss.com

RWC South Sydney

raywhitecommercial.com

20/36 O'Riordan Street, Alexandria, 2015

Prime positioned office/showroom

148sqm two-level strata unit, 1 car space

Loading bay, 2.6m wide door, workshop access

Versatile layout: offices, workshop spaces

Currently tenanted

Motivated Vendor

Auction Tuesday September 12, 10:30AM

Auction Works, Mezzanine Level 50 Margaret Street, Sydney

Phillip Elmowy 0425 285 444 p.elmowy@rwcss.com

Anthony Vella 0412 232 904 a.vella@rwcss.com

RWC South Sydney

raywhitecommercial.com

Auction Tuesday September 12, 10:30AM

Auction Works, Mezzanine Level 50 Margaret Street, Sydney

Prime retail opportunity on iconic King Street Newtown

50sqm strata shop, 2 secure car spaces

Unparalleled exposure, dynamic environment

High ceilings, polished concrete floors

Kitchenette, ample storage

Versatile usage (STCA)

Phillip Elmowy 0425 285 444 p.elmowy@rwcss.com

Anthony Vella 0412 232 904 a.vella@rwcss.com

RWC South Sydney

raywhitecommercial.com

5D/66 High Street, Randwick, 2031

North facing office suite with city views in Hospital Hub

Prime position opposite Prince of Wales Hospital

Refurbished, bright, modern with city skyline views

Open plan suite with wide floorboards

Ideal for medical specialists, therapists, and more

Built-in workstations, plug-in and go!

Kitchenette features a stone benchtop

Light rail, cafes, pharmacies, UNSW nearby

Alex Santelli 0403 104 146

a.santelli@rwcss.com

RWC South Sydney

raywhitecommercial.com

Lot 67 & Lot 71/46A Macleay Street, Elizabeth Bay, 2011

Boutique office with parking (Mortgagee in possession)

Office area - 159 sqm*

1 x car space (separate title)

1st floor suite

Existing quality fitout

Vacant possession

Abundant natural light

Auction 19 September 2023 at 10:30am AuctionWorks, 50 Margaret St, Sydney

Leslie (Yifu) Li 0403 261 752

leslie.li@raywhite.com

Samuel Hadgelias 0403 254 675

shadgelias@raywhite.com

RWC SC

raywhitecommercial.com

1-7 Probert Street, Camperdown, 2050

Sale

Treaty

Impressive architecturally-rebuilt warehouse

685sqm* spread over ground and first floors

Kristian Morris 0411 415 297

kristian.morris@raywhite.com

Fully equipped stainless-steel kitchen & Air Conditioning

Holding income until December 2024

RWC Sydney City Fringe

Modern design features & custom finishes raywhitecommercial.com

1 City View Road, Pennant Hills, 2120

Substantial building ripe for repositioning or repurposing

Existing NLA 8,484sqm*

Substantial land holding - 5,024sqm*

268 car spaces

Impressive natural light & significant onsite amenities

Flexible E3 Zoning allowing for multitude of uses^

Moments from station & local shopping amenities

1 Star NABERS Rating & Water Rating

Expressions Of Interest

Closing Wednesday 20 September 2023 at 4pm

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

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

RWC Western Sydney

raywhitecommercial.com

Premium office unit in ideal location

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, 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

RWC Canberra

raywhitecommercial.com

22 Couranga Crescent, Hume, 2620

Industrial warehouses

345m2 to 955m2 industrial units for sale

IZ1 - General Industry zoning with a wide range of allowable uses

Exclusive hardstand yards varying in size from 262m2 to 911m2

High clear span warehouse

5m high by 4m wide electric roller door

3-phase power

Sale

Price by Negotiation

Frank Giorgi 0403 839 822 frank.giorgi@raywhite.com

Daniel McGrath 0411 140 523 daniel.mcgrath@raywhite.com

raywhitecommercial.com

RWC Canberra

VIC | TAS

336 Clayton Road, Clayton, 3168

Unmatched flexible modern retail

Floor Area 221 sqm*

300 sqm* of Commercial 1 Zoned land

Ducted heating and cooling

Impressive reception area and welcoming entrance lobby

Suitable for retail, office users, showroom, medical etc.

Own amenities including toilet and kitchenette

Ducted heating and cooling

Lease

Ryan Trickey 0400 380 438

ryan.trickey@raywhite.com

Will Jonas 0422883011 will.jonas@raywhite.com

RWC Glen Waverley

raywhitecommercial.com

7/1-7 Canterbury Road, Braeside, 3195

Fully renovated commercial space | ideal for ECommerce

Suit e-commerce / showroom / office

Total building area | 700m2*

Showroom & warehouse on ground floor

First floor comprises of showroom & offices

Ample on-site parking

Lease

3/750 Blackburn Road, Clayton, 3168

Premium officeinvest or occupy

Ryan Amler 0401 971 622 ryan.amler@raywhite.com

Tom Carroll 0410 698 033 tom_carroll@raywhite.com

Total building area | 108m2*

Rental | $31,680 p/a + GST + Outgoings

Four (4) car spaces on title (3 undercover)

Secure 24/7 access and alarm system

Access to Princes Highway and the M1 Monash

Sale

*Approx

34/195 Wellington Road, Clayton, 3168

Premium office investment

Premium office investment

New 2 + 2 + 2 year lease

Income | $30,000 p/a net

Total building area | 106m2*

Four (4) car spaces on title

RWC Oakleigh raywhitecommercial.com

*Approx

Sale

*Approx

Ryan Amler 0401 971 622 ryan.amler@raywhite.com

Tom Carroll 0410 698 033 tom_carroll@raywhite.com

RWC Oakleigh raywhitecommercial.com

4B Kelly Court, Springvale, 3171

Securely gated Springvale warehouse

Total building area | 584m2*

Excellent warehouse clearance of 7.2m*

Secure yard on the rear | 45m2*

Securely gated individual driveway

Six (6) car spaces on-title

Industrial 1 Zone (IN1Z)

Simon Liang 0451 954 318 simon.liang@raywhite.com

George Kelepouris 0425 798 677 george.kelepouris@raywhite.co

RWC Oakleigh raywhitecommercial.com

*Approx

Sale

Theo Karkanis 0431 391 035 theo.karkanis@raywhite.com

Ryan Amler 0401 971 622 ryan.amler@raywhite.com

RWC Oakleigh raywhitecommercial.com

Western Australia

Invest in the economic powerhouse of Australia

The best Thai restaurant in Karratha

Lease: 5 years expiring Dec 2027

Karratha central location

123m2* restaurant + 27m2* alfresco

$840,000 (Going Concern)

Sale

Brett Wilkins 0478 611 168 brett.wilkins@raywhite.com

RWC WA

raywhitecommercial.com

9/533-535 Walter Road East, Morley, 6062

Wok on into a Thai-riffic restaurant

205m2 total strata area

Currently equipped for Asian cuisine

Large dining area with an 80-seat capacity

Grease trap

Security with cameras

Predominantly walk-in / walk-out with a fully equipped kitchen

In-built speaker system

Sale

Tom Jones 0478 771 117 tom.jones@raywhite.com

Lachlan Burrows 0499 552 296 lachlan.burrows@raywhite.com

Gateway commercial opportunity

A grade office / retail development

Building area: 4,030m2* (NLA)

Land area: 2,194m2

67 secure basement bays (1:60m2)

Net Passing income $1,249,807pa*

WALE of 2.02 years (based on area)

Office tenant (2,990m2) to vacate February 2025

Expressions Of Interest

Luke Pavlos 0408 823 823 luke.pavlos@raywhite.com

Brett Wilkins 0478 611 168 brett.wilkins@raywhite.com

RWC WA

raywhitecommercial.com

143 Barrack Street, Perth, 6000

Beautiful heritage CBD asset

290m2* building area

119m2* land

Retail, office and café tenancies

Partially leased

80m from Perth Train Station

Expressions Of Interest

Stephen Harrison 0421 622 777 stephen.harrison@raywhite.com

Michael Milne 0403 466 603 michael.milne@raywhite.com

SA | NT

110-112 Grand Junction Road, Blair Athol, 5084 Lease

Modern office / showroom / warehouse in a prime location.

Located on one of Adelaide's major roads, just a short 10kms from the CBD and some 700 metres from the main Gepps Cross intersection, the property provides a huge amount of exposure and easy access.

Other great features of this property include:

•Large site of 1,130m2 with 498m2 of warehouse and office space.

•Automatic roller door access to the warehouse.

•Upstairs office space with an open plan layout.

•Light, bright downstairs showroom.

•Secured premises with high gates surrounding.

•Ample onsite and car parking.

•Restaurants, eateries, cafes, supermarkets, gyms, pharmacies, schools, public transport and other thriving businesses at your doorstep.

Ian Lambert 0413 155 665

ian.lambert@raywhite.com

rwcadmin@raywhite.com

RWC Adelaide Asset Management

raywhitecommercial.com