As we enter the final quarter of 2023, RWC is proud to present the October edition of Portfolio magazine.
In this month’s edition, Ray White Head of Research Vanessa Rader takes a look at how Australia’s influx of new business starts influences the commercial property market, impacting the office, retail, medical and industrial markets. Vanessa also shares her insights into the domestic tourism industry and how demand for tourism-based assets remains high.
We also share a summary of the September Between the Lines webinar which discussed the Gold Coast’s commercial property market.
Vanessa hosted the webinar and was joined by Ray White Special Projects Queensland Director Matthew Fritzsche and RWC Gold Coast Team Leader Luke Boulden. The panel spoke about the market for current commercial assets such as office and medical, as well as future developments to accommodate the Gold Coast’s growing population.
The next Between the Lines webinar will be held on October 12 and will focus on the childcare sector.
James Linacre General Manager
Hundreds of people tuned in to watch RWC’s September Between the Lines webinar which took a deep dive into the Gold Coast’s thriving commercial property market.
Ray White head of research Vanessa Rader hosted the webinar, and was joined by RWC Gold Coast team leader Luke Boulden, and Ray White Special Projects Queensland Director Matthew Fritzsche.
“Ray White Special Projects specialises in the sale of development sites and specialised property assets throughout Queensland and northern NSW.
“The type of properties we sell range from high density sites in the metropolitan areas to broad acre land, everything from townhouses to land subdivision sites.
“We’ve seen a huge amount of activity on the Gold Coast over the last few years.”
Gold Coast born and raised, Mr Fritzsche spoke about the Shaping SEQ Update which talks about the growth of south east Queensland over the medium to long term.
“We’re projected to go from a current population in SEQ of about 3.5 million to 5.3 million in 2046. So that document talks about population forecasts, infrastructure and zoning and how it looks to accommodate that growth.
“As part of the Shaping SEQ document it appears that the major focus is not on the expansion of greenfield land but rather the consolidation of our urban centres and gentle densification.
“On the Gold Coast there is very little greenfield land remaining, so a lot of that consolidation will probably be focussed in existing infill locations.
“What we have seen over the last two years and throughout Covid is a lot of activity in the medium and high density space. There has been a lot of new development along the coastal spine of the Gold Coast.
“That activity remains strong, but we have seen it soften a little bit in the face of a difficult construction market.”
Ms Rader said alongside the strong population growth came a growing need for medical facilities, and asked Mr Boulden what he saw happening in that part of the market.
“There is a very strong appetite from investors for healthcare backed assets, I think there’s a lot of confidence around them given we are a growing region,” Mr Boulden said.
“The migration into south east Queensland has been impressive over recent years, generated by the COVID-19 pandemic, but at the same time that was a huge global health scare which has probably triggered people to be more conscious of their health as well.
“We’ve seen a massive emergence of healthcare providers in south east Queensland and predominantly the Gold Coast. We’ve seen EDQ really pushing their health and knowledge precinct called Lumina.
“There’s also the emergence of smaller scale medical hubs and one-stop shop healthcare precincts.”
While office markets struggle to adjust to the workfrom-home trend, Ms Rader said the Gold Coast had the best performing office market in the country. She asked Mr Boulden what his take was on the region’s office market.
“We are going from strength to strength, and we can attribute a lot of that to the migration during Covid, but the other thing is the affordability compared to other office markets,” Mr Boulden said.
“Our prime grade stock like 50 Cavill Avenue are going for around $650/sqm gross, whereas for a comparative building in Brisbane or Sydney you’d be looking at double that.
“Traditionally we are more of an SME market, or B-grade stock, which has traditionally been our best performer, they’re the ones that continue to be robust.
“We’ve seen uplift in rentals across all grades and contractions in vacancy rates and a contraction in incentives as well.
“I think that’s really due to the migration and the emergence of new small businesses as well, I think the Australian Bureau of Statistics report 4400 new businesses on the Gold Coast in the last three years.”
With strong demand for housing on the Gold Coast off the back of the growing population, Ms Rader asked Mr Fritzsche what the market for residential developments was like, and if it had been affected by the price of construction.
“There is a lot pent up demand for products from buyers on the Gold Coast, but we’re not seeing that translate now into new development more recently as a result of the construction crisis that we’re going through.
“There are developers who are sitting on sites that they’ve bought pre or during COVID, and they’re not able to deliver those developments because of the construction cycle we’re currently in, so I think that will impact forward supply and have some impact on affordability.
“What we’re seeing in the dynamic of the shifting market is a move towards build-to-rent as a focus, and community housing providers as well, social and affordable housing groups are now entering the market in a big way.
“There’s been some big institutional funds taking positions on the Gold Coast and more generally south east Queensland, but it’s good to see some of those players getting really active on the Gold Coast in the major sectors of the market.”
As interest rates show some stability, there has been a renewed confidence in commercial property investment with enquiry levels reportedly up. 2023 has been a tough year for the commercial property market, with interest rates peaking, resulting in financing difficulty and borrowing levels inline with 2020 where volumes took a tumble. Coupled with mixed results across various asset classes, both buyers and sellers have been quiet the first half of the year opting to sit and wait and for market sentiment to improve.
Private investor activity however has dominated the commercial landscape this year, with many opportunistic investors and “cashed up” speculators seeking out assets which offer a good rate of return or hedge to inflation. Across the sub $5 million price range, both owner occupiers and private buyers have grown in activity; to September 1, volumes have reached $7.7 billion well below the $24.7 billion, which turned over during the 2021 peak investment year.
Data from the first eight months of 2023 show a 65.9 per cent decline compared to the full 2022 year, however remains approximately 50 per cent down compared to the quieter 2020 period. Despite this anticipated uptick in activity, we expect 2023 to remain historically a low volume transaction year achieving below the 2020 turnover level of $15.6 billion and ten year annual average of $19.0 billion.
NSW, Queensland and WA have all seen similar levels of interest decline, however, Victoria and Tasmania have seen a greater decrease in activity. Encouragingly the smaller SA and NT markets have seen volume trends most aligned to prior years. However, these reductions are not limited to the smaller end of the market.
The difficulty in commercial transactions has been evident across all price points. The over $5 million market recorded declines in excess of 50 per cent (so far this year) compared to
the highs of 2022. 2020 was a historically low volume year across the larger end of the market with $40.2 billion in sales recorded - below the ten year average $57.3billion per annum. As the first eight months of 2023 has achieved $27.1 billion, volumes are on track to exceed this low 2020 period, albeit not pull ahead of the longer term average.
While private investors have been the most active sellers this year, they continue to also be the most active buyers with net acquisitions in excess of $2 billion. This is the first time these buyers have held a positive net position in the last ten years, highlighting the opportunistic nature of this buyer type, capitalising on market uncertainty and future development, value-add or land banking opportunities. REITs and listed funds have been strong sellers in the marketplace, disposing of more than $7 billion in assets, with net acquisitions at -$5.4billion. This is their lowest net position of the last ten years. Similarly, cross border investment has had the quietest year of the last 10, despite the favourable Australian dollar, due to uncertainty in office markets and limited trophy assets on offer.
Transactions by asset type highlight this reduction in office assets, however, retail and industrial remain active with investment by state showing similar trends with NSW, Victoria and Queensland remaining the most active while the smaller ACT, Tasmania and NT markets have seen a greater decline.
Over the last three years there has been a significant increase in new business starts across the country. Many of these have been borne out of COVID-19 requirements bolstering some industries, while for some the entrepreneurial spirit resulting from job losses aiding in this growth. Encouragingly, we continue to see strong increases in new businesses and positive survival rates in some states and industry types. For some, the growing nature of their businesses requires commercial accommodation.
During the 2022/23 there were 406,365 new businesses registered, bringing the total number of Australian businesses to 2,589,873. NSW has the largest number of businesses, however, only grew 0.9 per cent this period. Victoria, despite being home to the second highest number of businesses, saw losses this year by -0.9 per cent, with Queensland the most active in attracting new business up 2.3 per cent, followed by the Northern Territory at 2.0 per cent.
While it’s no surprise Queensland has led the charge, given its robust population growth over the last few years, the most active industries align with the changing demographic. Healthcare and social assistance businesses were the greatest segment of the market to grow business counts, up 6.1 per cent, this strong growth in line with the strong demand for healthcare assets be it hospitals, medical centres and suites and integrated facilities. Fuelling continued demand across the industrial sector has been the growth in transport, postal, and warehousing businesses. While low vacancies remain across most industrial markets, the requirement for distribution and storage facilities is not expected to wane, however, a reduction in manufacturing businesses may assist in opening up some industrial assets.
Despite the woes of many office markets across the country, new business starts in the professional sectors including finance, insurance and real estate may see the office market turn a corner, while retail continues to be a difficult business and asset class. With rising interest rates, retail trade has seen some reduction and the tightening of belts has seen business counts reduce, down 2.5 per cent across the retail and wholesale trade category.
The change in business activity marries well with the recent MSCI returns data for commercial assets across the country. Demand remains for investors in the healthcare and industrial sectors looking to take advantage of the long term capital gains associated with these asset classes. Strong and stable income
returns are also a feature of these asset classes, while the mismatch between demand and supply to occupy has ensured income certainty. Over the last ten years we have seen annual total returns for industrial and healthcare at 14.2 per cent and 13.8 per cent respectively ahead of both retail and office assets.
For office, the high vacancy environment will take some time to play through, keeping returns subdued and investor demand levels dampened until substantial price corrections are achieved. Encouraging new business starts in the white collar, professional arena, however, the shift in workplace behaviours around working from home the greater stumbling block for this asset class. Retail assets are also grappling with the changing consumer sentiment towards bricks and mortar retail, while income returns remain stable this uncertainty has seen limited positivity in capital returns over the last ten years.
After strong turnover levels in the last few years, increased interest rates have done much to dampen investment demand, for those in the market the healthcare and industrial sectors represent good buying given their limited supply and strong occupancies fuelled by new and growing businesses and our growing population. Over the last year returns have favoured these assets up 3.5 per cent for healthcare and 6.9 per cent for industrial, with retail total returns remaining positive given its income stability at 2.8 per cent while office has started its fall, recording -2.2 per cent this period.
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.
TOWNSVILLE, QLD
Architecturally designed business park, comprising of 28 units in the heart of Townsville’s commercial hub
752m2 approx building situated on a prominent corner block, consiting of creative and professional tenants
KELMSCOTT, WA
High profile neighbourhood shopping centre featuring Woolworths, BWS, Wizard Pharmacy, Red Rooster and 7 specialities
CAIRNS, QLD
Heritage listed former hotel and now retail centre comprising a mixture of retail and entertainment tenancies
CAPALABA, QLD
2,335m² showroom area on a 4,858m² lot, large format retail precinct on long-term leases to national tenants Repco and Rebel
GUNGAHLIN,
State of the art green energy building. 1,000m2 of retail & 4,200m2 of office space housing Defence Housing Australia
37 Joan Street, Bungalow, 4870
Property features include:
•2,857 sqm* of Low Impact Industry Land
•1,233 sqm* HACCP cold store/warehouse facility
•13 secure car spaces
•Functional layout with truck access
•Designated truck loading facilities
•3 phase power to the building
•80 sqm* office plus two separate production offices
•7.9 km from Cairns Airport
•2 km from Cairns CBD
•2 km from Cairns Port
Auction Friday 13 October at 10am Level 26, 111 Eagle Street, Brisbane QLD
Brocke Hambrecht 0466 599 724
brocke.hambrecht@raywhite.com
RWC Queensland
raywhitecommercial.com
Offers To Purchase Over $1,500,000 + GST
A unique commercial premises offered in vacant possession, which would suit a variety of uses including health care services, childcare, community use, office, shop or residential care facility.
•Expansive 1,137sqm* site area
•223sqm* of building area plus additional 82sqm* of covered verandah area
•Zoned Community Facilities (Community Purposes)
•Disabled access and onsite parking provided
•Commercial kitchen facilities, electric access gate and high clearance car and bus ports
•Well maintained building & yard area
•Offered with Vacant Possession
Michael McCullagh 0403 426 474 mmccullagh@raywhite.com
James Hanley 0408 999 755 james.hanley@raywhite.com
RWC Queensland
raywhitecommercial.com
381 Ruthven Street, Toowoomba City, 4350
Under instructions from Michael McCann & Matthew Byrnes as Joint and Several Receivers and Managers of Oxford Capital Pty Ltd (Receivers and Managers Appointed).
•4,775m2* site area within Principal Centre Zone
•6,246m2* GFA
•Principal Centre Zone in the heart of Toowoomba CBD
•10 storey maximum building height (STCA)
•Holding Income from Wilson Parking
•Dual street frontage
•Forecast population growth of 52%* by 2046 underpinning future development
•Adaptive re-use potential
Auction
Wednesday 4 Oct 2023 at 11:00am
Oaks Conference Centre Toowoomba
John Dwyer 0439 034 010
Michael McCullagh 0403426474
Paul Schmidt-Lee 0499 781 455
Peter Marks 0400 111 952
RWC Queensland
raywhitecommercial.com
181 Bridge Street, North Toowoomba, 4350
•9,490sqm* Parcel (Lot 5 on SP195667) with 65m* frontage in excellent location opposite Bunnings Toowoomba North
•Total 5,723sqm* Showroom, warehousing & covered parking/loading area
•3,892sqm* T1 - Anchor tenant Fantastic Furniture + adjoining 1,831sqm* T2 - Allstar Gymnastics
•Both long-term tenure since 2006 & 2012 respectively
•Large format Bulky Goods & Indoor Sport & Rec. (60% Plot Ratio) with 3 street frontage & western site drive through ability
•Freehold sale only - businesses & associated equipment excluded
Offers To Purchase
Building Area: 5,723sqm*
Land Area: 9,490sqm*
Craig Bradley 0488 075 167 craig.bradley@raywhite.com
RWC Toowoomba
raywhitecommercial.com
40 Annand Street, Toowoomba City, 4350
RWC Toowoomba is proud to present to the market the commercial asset of 40 Annand Street / 57-61 Neil Street, Toowoomba. This exceptional development opportunity is being offered to the market as vacant possession. With unlimited future development possibilities, and benifiting from Principal Centre zoning, it is ideally suited for a variety of large commercial developments.
•Just 20m* from Empire Theatre
•Next to Toowoomba Regional Council car park
•Two blocks from Grand Central Shopping Centre
•Rare opportunity to invest in growing CBD
•Unlimited future development opportunities of up to 12 storeys^
•Become a part of our growing CBD
Expressions Of Interest
Closing 6 October
Land Area: 3,160sqm* Floor Area: 2,045sqm*
Peter Marks 0400 111 952 peter.marks@raywhite.com
RWC Toowoomba
raywhitecommercial.com
64-68 Neil Street, Toowoomba City, 4350
•Redevelopment site with holding income of $143,888.00p.a.* Gross
•Total land area of 4,707sqm*, 'Principal Centre' zoning
•Opportunity to subdivide
•Wide variety of development options including office, apartments & accommodation
•Potential to build up to 12 storeys^
•100m* from Empire Theatre
•Close to Council Admin/parking & Grand Central Shopping Centre
Expressions Of Interest Closes 4pm, 13 October Land Area: 4,707sqm*
Peter Marks 0400 111 952 peter.marks@raywhite.com
Paul Schmidt-Lee 0499 781 455 paul.schmidt-lee@raywhite.com
RWC Toowoomba
raywhitecommercial.com
1 Lawson Street, Southport, 4215
Fully-fitted 420m2* office suite
High quality 'A' Grade fit-out
Approximate net income $140,700.00pa + GST
Brand new 5 + 5 year lease
Four (4) titles to be sold collectively
Australia's most competitive office market
Boutique building in central CBD location
Auction Wed 18 October at 11am Gold Coast Turf Club, Bundall
Luke Boulden 0423 159 170
l.boulden@rwsp.net
RWC Gold Coast
raywhitecommercial.com
33-35 Daintree Drive, Redland Bay, 4165
Sizes range from 179sqm*-271sqm*
Mezzanines can be fitted to create elevated work spaces
Electric container-height roller door for easy access
3-phase power and high-speed NBN connections
Disability-compliant amenities
Secure gated complex close to M1 & Gateway M'ways
Vacant possession | Suit start-ups, downsizers & storage
Hugh Fletcher 0429 583 765
hugh.fletcher@raywhite.com
Nathan Moore 0413 879 428
nathan.moore@raywhite.com
RWC Bayside
raywhitecommercial.com
6 brand new units ideal for work, play and store
52-54 Jardine Drive, Redland Bay, 4165
Container-height roller door
Fully fitted office mezzanines
3-phase power capabilities
Disability-compliant amenities
Secure gated complex
23 on-site car parks
Vacant possession
Hugh Fletcher 0429 583 765
Nathan Moore 0413 879 428
Nicole Plath 0410 328 319
RWC Bayside
raywhitecommercial.com
1/79 Eastern Road, Browns Plains, 4118
24km from Brisbane CBD
Direct access to Mt Lindsey Highway & Logan Motorway
Great internal warehouse height & natural light
Modern tilt panel unit, container height door
Small gated complex of only four units
Ample onsite parking
To be sold on vacant possession
Auction Thursday October 26th The Glen Hotel
6:00pm
RWC CSR
raywhitecommercial.com
Christina Li 0430 360 408 christina_li@raywhite.com
121-139 Compton Road, Underwood, 4119
3.69 hectares
224.6 metre frontage to Compton Road
Daily passing traffic count 40,000 - 60,000
Zone: Mixed Use
Bunnings & BCF - 1km
Officeworks - 1.2km
Adjoins Spotlight Group owned site
Sale
Julie Ryan 0447 445 453 julie.ryan@raywhite.com
Grant Turner 0457 766 812 grant.turner@raywhite.com
raywhitecommercial.com
RWC CSR2&3/5 Hasking Street, Caboolture, 4510
Aaron Canavan and Troy Sturgess are pleased to present 2&3/5 Hasking Street, Caboolture for Sale.
FEATURES:
• 186m2 fitted out office/retail space across 2 tenancies
• $56,883 net income per annum
• Fully leased until 2026, with options
• Glass frontage
• Signage opportunities on site
• Direct onsite car parking
This property is located in the heart of Caboolture, offering excellent exposure and convenience. It is surrounded by a range of amenities and is located within minutes drive of the Bruce Highway & 150m walking distance from the Caboolture Train Station.
Aaron Canavan 0447 744 948 aaron.canavan@raywhite.com
Troy Sturgess 0432 701 600 troy.sturgess@raywhite.com
raywhitecommercial.com
Champion Cellars
• Surrounded by major ongoing development & infrastructure
RWC Northern Corridor Group raywhitecommercial.com
Cnr Price Street & Hospital Road, Nambour, 4560
Significant 5,029m2* land area over 5 titles
Expansive 75m* wide corner street frontage
15m height limit
Walking distance to Nambour CBD
Located in one of the fastest-growing regions
Located opposite the Nambour Railway
Specialised centre zoning
Abi Rowlands 0402 028 663 abi.rowlands@raywhite.com
Emily Pendleton 0402 435 446 emily.pendleton@raywhite.com
RWC Northern Corridor Group raywhitecommercial.com
Aaron Canavan 0447 744 948 aaron.canavan@raywhite.com
Chris Massie 0412 490 840 chris.massie@raywhite.com
39
Street,
The Yards - exceptional storage facility
Brand new storage units with high quality finishes
Construction commencing 2024, completion August 2024*
Strategic location close to the northern and southern suburbs
Stages 1-4, 38 storage units with 14 already sold
Areas ranging from 40sqm* to 110sqm*
Sale $139,900 - $362,200
Helen Crossley 0412 772 882 helen.crossley@raywhite.com
Susan Doubleday 0408 038 380 susan.doubleday@raywhite.com
RWC Cairns
117-125 Toogood Road, Woree, 4868
Multi-tenanted sports and recreation facility
Tenanted by 6 long-term businesses
Sporting facility including FIFA quality fields
Large parcel of land 1.7144 ha
Options to increase revenue with storage facility
ROI 7.5% - WALE 4.1
Sale Offers Over $2,300,000
Grant Timmins 0422 534 044 grant.timmins@raywhite.com
raywhitecommercial.com *Approx. Outline indicative only.
Fully fitted 175sqm café/carvery with equipment
Small warehouse/storage area for dry stock
Outdoor seating area
Located in busy complex
Cold room/freezer
Food display cabinets
Lease
Dylan Thomas 0428 242 935 dylan.thomas@raywhite.com
RWC Milton
raywhitecommercial.com
2/7 Millennium Place, Tingalpa, 4173
100m2* office/showroom over two floors
250m2* clear span warehouse
Toilet amenities on both floors
5 exclusive car parks
Minimum 6m clearance
One of only three units in the complex
Lease
Maclay Kenman 0490 196 600 maclay.kenman@raywhite.com
RWC Milton
raywhitecommercial.com
810sqm* single floor, level 2 office tenancy
$254,922.56*p.a. net income
3 year lease commenced 1/11/22 with further options
$91,102.00 security bond
Leased to Creation Homes
CPI rent reviews
Sale
$3,400,000
Jack Gwyn 0424 807 166 jack.gwyn@raywhite.com
Jared Doyle 0408 160 570 jared.doyle@raywhite.com
RWC TradeCoast
raywhitecommercial.com
1307 Kingsford Smith Drive, Pinkenba, 4008
Units from 123sqm* - 429sqm* but can be flexible
Ultra-modern design by Sparc Architects
Self-contained amenities with A/C mezzanine
Exclusive carparks for each unit
Heavy Duty concrete floors
PWD toilet & shower for exclusive use of owners / tenants
Stage 2 completion early 2025
Sale/Lease
Price on Application
Jack Gwyn 0424 807 166 jack.gwyn@raywhite.com
Jared Doyle 0408 160 570 jared.doyle@raywhite.com
• Freestanding retail/ office building over 2 levels
• Medical centre and pharmacy with new 5 year lease + 5 year option (long standing tenants)
• 6 Tenants in total
• Building area 924 sqm
• Land area 2,036 sqm
• Current net income $309,242.84 p.a.
• New elevator recently installed
• Building is fully compliant for disabled access
• Ground floor area 501 sqm
• First floor office area 425 sqm
• 30 On-site car parking spaces
• Zoned Centre in the heart of bustling Logan Central
• Potential to increase GFA or re-development to maximise income
• Excellent exposure to Wembley Road with prime corner position
Auction 18th October 202311am On-site
Aldo Bevacqua 0412 784 977 aldo@rwcs.com.au
RWC Springwood
raywhitecommercial.com
3351 Pacific Hwy, Slacks Creek, 4127
Freestanding industrial building 1,800sqm on 4,034sqm of land
• 400sqm office area over 2 levels
• 1,400sqm
Sale $4,500,000 + GST
Aldo Bevacqua 0412 784 977 aldo@rwcs.com.au
Adrian Hamilton 0428 875 444 adrian@rwcs.com.au
RWC Springwood raywhitecommercial.com
103 Cronulla Street, Cronulla, 2230
Gross income $139,296 inc GST and 50% outgoings
Ground floor shop + 2 bedroom residence above
Auction Tuesday 10 October, 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
Ideal investment with capital growth
Positioned in a lively commercial retail hub
Proximity to pristine beaches and recreational amenities
RWC South Sydney
Lock up garage + off street parking via rear street raywhitecommercial.com
G02/77 Dunning Avenue, Rosebery, 2018
Ground level retail investment opportunity
Strata area 28sqm* plus storage space
Anthony Vella 0412 232 904 a.vella@rwcss.com
John Skufris 0414 969 221 j.skufris@rwcss.com
Long lease to cafe operator at $60,300pa net
RWC South Sydney
Bonus exclusive use seating area in the building's lobby raywhitecommercial.com
691 Botany Road, Rosebery, 2018
159sqm* total, mixed-use zoning
Ground floor shop + 2 bedroom residence
18.8sqm* retail
Onsite car parking at rear via Emanuel Lane
Scope to uplift & add further value^
199-203A Malabar Road, South Coogee, 2034
Located in a prime coastal location
3 shop fronts over 2 titles + 2x2 bedroom residences
Currently leased at $103,000pa*
Versatile options for investors and owner occupiers
Opportunity to refurbish and maximise rental
Auction Tuesday 10 October, 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
11-17 Hutchinson Street, St Peters, 2044
DA Approved: 4-storey building
Total land area 824.76sqm*
Frontage 24m*
Warehouse with roller door
Period cottage in unrenovated condition (3 bed/1 bath)
Shared side driveway/off-street car parking
Expressions Of Interest
Closing 13 October 2023
Anthony Vella 0412 232 904
a.vella@rwcss.com
John Skufris 0414 969 221
j.skufris@rwcss.com
RWC South Sydney
raywhitecommercial.com
82-90 Alexander Street, Crows Nest, 2065
3,673 sqm* total approved Net Saleable Area
1,262 sqm* rectangular site
Favourable unit mix caters to downsizers
Dual 34m* frontages with rear lane access
Ideal short WALE and holding income
250m* from the Metro Station
Expressions Of Interest
Closing Wednesday 18 October at 3pm
Samuel Hadgelias 0480 010 341 shadgelias@raywhite.com
Tim Abbott 0425 285 833
tim.abbott@raywhite.com
RWC SC
raywhitecommercial.com
Level 3, 263 Clarence Street, Sydney, 2000
Plug and play fit out with large reception
Excelent natural light
Mixture of private office and open plan areas
Private kitchen and break out space
Utilities area, separate server or data room
EOT facilities including bike racks and showers
Three lifts and quality building service
469 388
Level 8, 9 Barrack Street, Sydney, 2000
Whole top floor with pitched exposed timber ceilings
Reception, 10pax boardroom, 4pax meeting room
Open plan w/ room for 31 workstations, office
Casual meeting area, ERCO LED lighting
Beautifully appointed kitchen/breakout space
Bathroom & showers with high end finishes on floor
Lease Area m2: 311.2 approx
Rent $/m2: $1,195 Gross
Rental PA: $371,884
Anthony Harris 0409 319 060
aharris@raywhite.com
RWC Sydney Office Leasing
raywhitecommercial.com
102 Hunter Street, Newcastle, 2300
Occupying a key strategic corner location on Hunter & Bolton Streets, 102 Hunter Street stands proudly as an architectural landmark of the Newcastle CBD cityscape and embodiment of grand early 20th century Palazzo style. Comprising five floors currently fully let on commercial tenancies, this represents a rare exceptional freehold investment opportunity with a potentially diverse range of future upside & repurpose opportunities (STCA).
•Site area of 278m2*
•Lettable area of 900m2*
•Zone MU1: Mixed Use
•5 floors with upgraded modern lift
•Fully let with 6 existing tenancies
•Net annual income $197,000 + GST*
Expressions Of Interest
Closing at 3PM
Tuesday 17th October 2023
Lee Follington 0417 443 478
lee.follington@raywhite.com
RWC Newcastle
raywhitecommercial.com
42 King Street, Newtown, 2042
Prime King Street Newtown location
Sought-after freehold opportunity
Imposing 2-level plus mezzanine building
Late night licence with Primary Service Authorisation
Renowned live music venue with full set-up
Strong social media presence
Ability to reposition the business
Kamal Silwal 0430322459
kamal.silwal@raywhite.com
Ronan Braham 0401500679
ronan.braham@raywhite.com
RWC Sydney City Fringe
raywhitecommercial.com
706 New South Head Road, Rose Bay, 2029
Net Lettable Area: 194 sqm*
Land Area: 202 sqm*
Parking for up to 3 cars on a stacked basis
Rear Lane Access to Collins Avenue
Gross Income of $95,481 per annum + GST*
Auction 12 October 2023
Ray White Double Bay 365 New South Head Road, Double Bay NSW 2028
Grant Whiteman 0418 244 566 gwhiteman@raywhite.com
Max Stephens 0429 500 156
max.stephens@raywhite.com
RWC Sydney North
raywhitecommercial.com
28 Grose Street, Parramatta, 2150
Two level commercial building of 510m2*
Expressions Of Interest
Closing Wednesday 25 October 2023 at 3:00pm.
Joseph Assaf 0401 397 696
jassaf@raywhite.com
Victor Sheu 0412 301 582
Onsite car parking for 5 vehicles
Passing net rental of $192,379pa Net + GST
Versatile and functional floor plan layout 200m* to the new proposed Fennell Street Light Rail
Walking proximity to Parramatta CBD
victor.sheu@raywhite.com
RWC Western Sydney
raywhitecommercial.com
Units 233 & 234 / 4-10 Cape Street, Dickson ACT, 2602
Prime ground floor location
Unit 233 - 124sqm
Unit 234 - 121sqm
Basement car parks
High visibility with frontage on Cape Street
Versatile retail spaces suitable for various businesses
Surrounded by a thriving community
Sale/Lease Contact agent
Steven Shang 0411 374 432
steven.shang@raywhite.com
RWC Canberra
raywhitecommercial.com
128-130 Balcombe Road, Mentone, 3194
Two opportunities | buy one buy both
5x separate income streams | $121,806 p/a*
Combined building area | 349m2*
Combined land area | 674m2*
Combined frontage | 12.76m*
Suit Investors/Occupiers/Developers^
Laneway access via ROW
ACZ - Activity Centre Zone - Schedule 2
Auction Friday 27th October 2023
On-site & Online
Ryan Amler 0401 971 622
Theo Karkanis 0431 391 035
George Ganavas 0478 634 562
RWC Oakleigh
raywhitecommercial.com
3/323-327 Ingles Street, Port Melbourne, 3207
Auction 12th October 2023 at 12pm
/ Online
Total building area | 180m2*
Two (2) allocated car spaces
Ryan Amler 0401 971 622
Simon Liang 0451 954 318
Tom Carroll 0410 698 033
New 2 + 2 year lease from Aug 2023
RWC Oakleigh
Leased to Ivy & Eve since 2015 raywhitecommercial.com
4 Lawrence Street, Blackburn South, 3130
Potential fully let rental | $65,000 p/a*
Total land area | 240m2*
Total building area | 223m2* over two levels
Shop Leased until March 2027 + 4 year option
Immaculate two b/room residence with gas
Opposite Woolworths & McDonalds
Secure car parking accessible via R.O.W
Auction Thursday 5th October 2023, at 11:00 am
On-site & Online
34/195 Wellington Road, Clayton, 3168
Theo Karkanis 0431 391 035 theo.karkanis@raywhite.com
Anthony Anastopoulos 0488 095 057 anthony.anastopoulos@raywhite.com
RWC Oakleigh raywhitecommercial.com
*Approx
52 & 54 Johnston Street, Fitzroy, 3065
Only 1km* from Melbourne CBD
Combined land area | 229m2*
Combined building area | 302m2*
Each with modern 1st floor office/residence
Shop 52 - vacant possession & kitchen fit-out
Shop 54 - passing income of $58,752.96 p/a*
Excellent rear access via wide R.O.W
Sale Expressions Of Interest
Closing Wednesday 11th October at 2pm
Theo Karkanis 0431 391 035 theo.karkanis@raywhite.com
Sale
RWC Oakleigh raywhitecommercial.com
4x car spaces on title
Secure with 24hr access
Total area | 106m2* Vacant possession or lease back
Ryan Amler 0401 971 622 ryan.amler@raywhite.com
Tom Carroll 0410 698 033 tom_carroll@raywhite.com
RWC Oakleigh raywhitecommercial.com
*Approx
6/518 Mt Dandenong Road, Kilsyth, 3137
Total building area | 79m2*
Total land area | 79m2*
Open plan area / blank canvas
Suitable for many uses
Sold with vacant possession
Gas connection + 3-phase power
Commercial 1 Zoning (C1Z)
Auction Friday 6th October 2023 at 12pm On-site & Online
*Approx
George Kelepouris 0425 798 677 george.kelepouris@raywhite.com
Simon Liang 0451 954 318 simon.liang@raywhite.com
RWC Oakleigh raywhitecommercial.com
13 Arcade Road, Mont Albert North, 3129
Development opportunity
Total building area 72sqm*. Total land area 264sqm*.
Development Upside (STCA)
Large Shop Front
Kitchenette
Large Storage Yard
Commercial 1 Zone (C1Z)
Auction 31/10/2023 at 11:00am on site
Mitch Rosam 0402 355 805
mitch.rosam@raywhite.com
Nitish Taneja 0416 890 577
nitish.taneja@raywhite.com
RWC Ferntree Gully
raywhitecommercial.com
231-237 Koornang Road, Carnegie, 3163
Infrastructure in place for cafe/restaurant
Land Area: 600sqm*
Zoning - Commercial Zone 1
Extensive seating capacity
Two Street Frontage - 70sqm*
Lease
Ryan Trickey 0400 380 438 ryan.trickey@raywhite.com
Will Jonas 0422883011 will.jonas@raywhite.com
RWC Glen Waverley
raywhitecommercial.com
242-244 Springvale Road, Glen Waverley, 3150
Key tenant - Glen Waverley Medical Centre, with over 30-year legacy
Total Land Holding 2,197sqm*
Near new 5 year Lease plus options
AAA corner site opposite 'The Glen'
Fully renovated property adjoining, suitable for residential/medical use
Premier 2-level medical centre
Sale
Ryan Trickey 0400 380 438 ryan.trickey@raywhite.com
Will Jonas 0422883011 will.jonas@raywhite.com
Glen Waverley
raywhitecommercial.com
RWC
Exceptional coastal freehold hotel opportunity
Popular local’s pub and live entertainment venue
Pathways to increase revenues across the business
Positioned on a 1,473m2 corner block
Prominently situated within the Bunbury CBD
Classic pub layout with expansive f&b facilities
Expressions Of Interest
Closing Thur 12 Oct at 4:00pm AWST
RWC WA
raywhitecommercial.com
Phil Zoiti 0419 993 656 phil.zoiti@raywhite.com
81 Yelverton Drive, Midland, 6056
Join St John of God, Curtin University medical school and more
First floor specialist suites - 66m2 - 746m2
Ideal for healthcare, innovation knowledge and Allied Health
Second floor - 2,012m2 (can be split) 9A classification
Suitable for day surgery, short stay hospital and commercial offices
Brett Wilkins 0478 611 168 brett.wilkins@raywhite.com
Luke Pavlos 0408 823 823 luke.pavlos@raywhite.com
187 Adelaide Terrace, East Perth, 6004
Significant landholding of 2,987m2*
Existing building area of 3,555m2* over three levels
Unique freehold building in CBD incorporating Basil Kirke Studio
Potential to adapt or redevelop in consultation with Heritage Council
Mixed-use development potential - hotel, entertainment, education
Sale Contact Agent
Brett Wilkins 0478 611 168 brett.wilkins@raywhite.com
RWC WA
raywhitecommercial.com
132 Rokeby Road, Subiaco, 6008
Focal corner location
356m2* single level building
460m2* freehold site
Zoned ‘Centre’ R-AC0
Options galore retail - food - hospitality - medical
Offers To Purchase
Closing Wed 18 Oct 2023
Michael Milne 0403 466 603 michael.milne@raywhite.com
Brett Wilkins 0478 611 168 brett.wilkins@raywhite.com
18 Waymouth Street, Adelaide, 5000 Lease
This rare opportunity consists of two levels of office space - approximately 297 square metres with a flexible, open-plan layout to suit a variety of uses (S.T.C.C.).
Great features include:
•Beautiful skylight is visible on both levels providing an abundance of natural light in the space.
•Prime location on Waymouth Street opposite the Advertiser Building and within walking distance of a wide range of amenities including restaurants, cafes, shopping and public transport.
•Superb two storey self-contained building
•Excellent Showroom/Retail and/or office accommodation
•Rear lane access
•Currently being refurbished. Available late 2023.
Ian Lambert 0413 155 665
ian.lambert@raywhite.com
Lauren Herman 08 7228 5600
rwcadmin@raywhite.com
RWC Adelaide Asset Management
raywhitecommercial.com
