PORTFOLIO
DECEMBER 2023 WINNING ASSET CLASSES OF 2023 EXPERTS DISCUSS SOUTH EAST QUEENSLAND’S INDUSTRIAL MARKET W I L L R E TA I L A S S E T S R E B O U N D A S T H E “ R E V E N G E S P E N D E R ” R E - E M E R G E S ?
P O R T F O L I O | RWC | 1
ANDREW FREEMAN HEAD OF AGENCY O P E R AT I O N S
2 | P O R T F O L I O | RWC
This month in Portfolio We’re proud to present our final edition of
She also takes a look at the performance of
Portfolio magazine for 2023. It has been a
retail assets, and how this sector is performing
year full of ups and downs, as interest rate rises
as the trend of “revenge spending” rears its head
caused some market uncertainty, but I want
once again, despite the rising cost of living.
to share a big thank you to all our clients who supported us throughout 2023 as our trusted
We summarise our November Between the
business owners, agents, property managers and
Lines Live webinar where Vanessa was joined
administrators worked hard to provide you with
by RWC industrial experts Chris Massie and
the best results possible. We look forward to
Paul Anderson. The group discussed south east
working with you again next year.
Queensland’s industrial market, including new developments, occupier trends, leasing, sales,
I also want to thank everyone who followed us
and yields. The final Between the Lines Live
on our journey as we rebranded to RWC in July
webinar for 2023 will be held on December 6,
this year. Our new visual identity will help propel
where Vanessa will be joined by RWC Western
us into the future as we aim to continue growing
Sydney managing director Peter Vines to discuss
and developing in 2024 and beyond.
the outlook for 2024.
In our last edition of Portfolio for the year, Ray White Head of Research Vanessa Rader
James Linacre General Manager
takes a look at which asset classes were “winners” and which assets were “losers” in 2023, and why each of these commercial asset classes achieved the results they did.
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2023 winners and losers: which asset came out on top? VAN E S SA R ADE R Ray White Head of Research
The latest MSCI returns data for the year to September 2023 has recently been released, highlighting a downward turn in market conditions in the last quarter, with continued increases in interest rates sure to hinder results for the remaining months of 2023. However, some asset classes have managed to weather the storm better than others. Encouragingly, income returns continue to maintain, albeit slightly behind last year results, highlighting stable occupancy across many asset classes within the portfolios included. Capital returns, however, have seen the greatest change impacting the total return results for most asset classes this year.
Remaining in positive territory have been the tourism and industrial sectors. These national results highlight continued growth in value despite the changing cost of finance. This is heavily influenced by rising rents which are factored into the long-term total return of these assets. Industrial has been the star performer in this regard, showing at 1 per cent increase, to bring total returns to 5 per cent this year, just behind tourism which has yielded total returns of 5.3 per cent. However, looking at total returns alone, the tourism sector and our uptick in occupancy and daily room rates for accommodation, coupled with increased domestic and international visitor nights, has seen this asset class reign supreme for 2023. Medical has been a key area of investment interest this year, however, underlying pricing has seen capital growth in negative bringing total returns to 2 per cent, the same rate as retail, having them tie for third place. The challenges of the office market since COVID-19 have not improved, impacting vacancies, effective rents, incentives and yields making it the loser of 2023, recording declines in capital value of -9 per cent over the last 12 months. These results are indicative of national averages, with some office markets outperforming the average, including Brisbane CBD, which saw total returns remaining in positive territory for this period, followed by Perth CBD which recorded -0.8 per cent total returns.
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Despite the woes of the last 12 months, commercial assets historically have been considered quality long term investment options. The rapid rate of escalation over the last few years; spurred on by inexpensive and available finance together with the desire for large institutions, funds, and smaller private buyers to diversify their portfolios; is all part of the volatility that these assets recorded. Considering the longer term trends, industrial has cemented its number one position with both 5 and 10 year average returns outstripping all other asset types at 15.3 per cent and 13.9 per cent respectively. Over this longer term, the evolution of the industrial asset class has been outstanding. Previously considered a “dirty” asset, which held a discount to other asset classes, industrial assets have grown in sophistication and our demand to occupy, outpacing the supply of stock. Hot on the tail of industrial has been the medical sector. Over the last 10 years this asset class has enjoyed 13.6 per cent annual growth and will continue to perform well given our growing needs in this space, high population appreciation and an undersupply of quality offerings, ensuring medical as an institutional asset class is here to stay. While tourism has had a strong 12 months, this asset class has had to bear the negative results seen during COVID-19, and over the last five years growth has sat at just 2.9 per cent per annum. Although, over the longer term, tourism has outperformed other asset types with a 10-year average of 9.1 per cent which is inline with retail. Retail similarly had greater difficulty during the pandemic period, resulting in a fiveyear average growth of just 1.2 per cent. Coming in last has been the office market, even over the longer term. The difficulty over the last few years, regarding limited demand and high supply in some markets, has hindered the returns for this historically attractive commercial asset class. Both five and 10-year returns sit at a similar level of 5.8 per cent and 5.5 per cent respectively. Unfortunately, future expectations surrounding occupancy and investment demand may see further short term declines in total returns making the historic long term prospects for offices more difficult. Encouragingly we may see a resurgence in offshore, institutional and private activity capitalising revalued assets, while a strong movement by the private sector to bring staff back into our office assets could improve fundamentals in 2025 and beyond.
P O R T F O L I O | RWC | 5
Experts discuss south east Queensland’s industrial market
Hundreds of people tuned in to RWC’s November Between the
Chris was also optimistic about the performance of the
Lines Live webinar, where our group of experts discussed south
industrial market.
east Queensland’s industrial market. ‘Well who doesn’t love a shed?” Chris said. The south east Queensland industrial market has had a positive few years as land supply dwindles and occupier demand grows.
“This asset class has stood the test of time for the last 20-odd
Join us to talk about all things industrial across the region, from
years and has been the cornerstone of this part of the world.”
new development, occupier trends, leasing, sales, yields and what the outlook for the sector for 2024 is.
Vanessa said land availability for industrial development was very low across both south east Queensland and the country.
Ray White Head of Research Vanessa Rader was joined by RWC Northern Corridor Group Director Chris Massie and
“Since 2008 when I started in real estate, the land price stayed
RWC Queensland Director - Industrial Sales Paul Anderson.
the same for about 12 years,” Chris said.
The group discussed new development, occupier trends, leasing, sales, yields, and the outlook for the sector in 2024.
“Leading into covid, in the three years prior, we started to see that up lift of about 10-15 per cent.
Vanessa said industrial had been the asset class of choice, and asked Paul and Chris why they thought the sector had been
“Now we’ve seen that bursting at the seams post covid as well
doing so well.
with increases of 20-30 per cent in both land values, and sales and leasing.”
“I think the start of the current run was covid - e-commerce pumped, vacancies went down, and rents went up,” Paul said.
Paul said there was little land available across the Brisbane markets.
“A lot of capital came into the sector, and if you overlay that with the Queensland story which is one of growth and
“Finding land in the Trade Coast market is like finding a unicorn,
prosperity, it’s become one of the tightest markets I’ve seen in
so often people are buying an old shed, knocking it over and
the last 25 years.”
building a new one.
6 | P O R T F O L I O | RWC
“In Eagle Farm the ones I’ve tracked over the years
“It just comes down to whether they can find that
net back to about $1000/sqm, but that’s not there
unicorn, and if they find the land they’re prepared
at the moment because there’s no product, so the
to pay the tax of today’s market to own their own,”
next stop is kind of Northgate/Geebung.
he said.
“Northgate/Geebung was at about $600/sqm in
“It’s almost impossible to find something that fits
2020, and I think today it would be about $850-
their bill existing, so they pretty much have to find
$900/sqm, but again there’s nothing really available
that land and build it.”
in Geebung.” Vanessa said existing industrial assets were king in Chris said there was a little bit of industrial
NSW due to the high construction costs, and she
land available in the Brendale area, with a bit
asked if Queensland was seeing the same trend.
more coming. “Given the current conditions people aren’t “But you’re still looking at $700/sqm to get
hesitating because they think the sky’s going to
anything sub-one hectare, and that’s if you can
fall in, it’s more a hesitation around getting in and
find it,” he said.
controlling costs,” Paul said.
“There is some land coming north of Brisbane, but
“So if you can get in and do that with an existing
it’s probably 3-5 years away before we see any
building it’s a good idea.”
general industry land. Chris said smart investors were looking to purchase “The Caboolture land we recently sold at Corporate
existing buildings because you can’t replace it for
Park East, we sold 40 lots in a day and a half.
what you’re buying it for.
When the developer asked if we could get him some pre-sales, I rang him the next day and said it
“We’re still seeing rents increase for that reason -
was all done.
if you build a new 1,300sqm box and you’re chasing $160-180 a metre for it, the existing tenants out
“It was about 50/50 between owner occupiers
in the market are paying $140-150, so there’s that
and developers.”
10-20 per cent gap between new and old.”
Chris said many small businesses wanted to get out of the rent cycle and build their own premises.
P O R T F O L I O | RWC | 7
Will retail assets rebound as the “revenge spender” re-emerges? Last week's release of year to September quarter inflation numbers was met with a mixed response. The third consecutive quarterly reduction to 5.4 per cent showed a clear path back to the RBA’s target range of 2-3 per cent, despite monthly data highlighting continued upward movement in the indicator thanks to the increased cost of housing, transport and power. Encouragingly, however, has been the stability in needs-based retailing with food and childcare costs starting to moderate. Sentiment surrounding interest rates have once again wavered due to the possible impact of international conflicts on fuel costs and supply chain disruptions which could hinder continued recovery in inflation in the short to medium term. Despite these unknowns, retail spending has not moderated to the extent as expected. Australia’s were keen to get on board with “click frenzy” sales last week, the precursor to more “Black Friday” spending as we align with the Thanksgiving sales tradition in the US. It is anticipated that Australians will spend up to $60 billion during the month capitalising on these specials, despite the increases in cost of living. Retail trade results for the country had been lowering as Australians tightened their belts given the elevated interest rates, however, unlikely segments of the market have emerged with gains in activity translating into improved demand for retail space.
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Consumers are looking to treat themselves across a range of buying classes with the clothing and soft goods sectors showing gains after a prolonged lull in activity, similarly department stores. Luxury retailing is one of the most active, which is echoed by the opening of many new flagship retail shops in major CBDs around the country. Despite inflationary pressures, we are seeing the “revenge consumer” back at it, spending up on clothing, accessories, eating out and going on holidays together with growing their spend in the service sectors also. Revenge spending refers to a sudden surge in the purchase of consumer goods after people are denied the opportunity to shop for extended periods of time, such as during the pandemic. While these retail special events promote an increase in online retailing, we have also seen an uptick in activity across a variety of brick-and-mortar retail uses. While luxury continues to grow its footprint in major centres and CBDs, food retailing such as cafes/restaurants, recreation and culture together with service offerings in particular beauty (and injectables) are some of the quickest growing segments taking up retail space across the country. While enquiry to occupy stock has increased, investment activity has been slow this year. Volumes to date for retail assets have totalled $6.59 billion, a similar level to 2020 results. While volumes may be down for retail assets, the buying profile has seen a significant change, with private investors looking to capitalise on changing yields on offer. Over this period we have seen REITs and listed groups being net sellers of retail assets, while offshore and private buyers have come to the forefront, believing in the longevity of the asset class.
While investment volumes may be down, retail as a commercial investment has grown its share of activity compared to other asset types. In 2022, industrial was the number one choice for commercial investors, with office assets representing approximately 38 per cent of all sales and retail at 25 per cent. Pre-pandemic, office assets represented more than half of all commercial transactions, but given the changing fundamentals seen during the last few years, industrial moved into the lead. In 2023, office represents just over 30 per cent of all commercial sales, with retail slightly behind at 30 per cent highlighting the attractiveness of retail as a viable long term asset class.
P O R T F O L I O | RWC | 9
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.
CON TACT H E RE
RWC SC
RWC Ballarat
SYDNEY, NSW
WENDOUREE, VIC
280 sqm premises boasting large commercial kitchen and 50+ seating capacity in Western corridor of Sydney CBD
National tenant secured in a prominent location of Wendouree, on land size 1,447 sqm and a 763 sqm warehouses
RWC Gold Coast
RWC Adelaide Asset Management
MARBURG, QLD
DARLINGTON, SA
High Exposure 3 tenancy retail complex on Warrego Highway on a 5466 sqm block
Prime fully tenanted community shopping centre with great exposure
RWC Bayside
RWC Greater Sydney South
CAPALABA, QLD
HOMEBUSH, NSW
Circa 2,000 sqm prominent neighbourhood centre on a busy 4-lane arterial road anchored by Golden Circle Factory Outlet and supported by a complementary mix of tenants
11 strata industrial units totalling 5,890 sqm
10 | P O R T F O L I O | RWC
Queensland
3 Fortitude Crescent, Burleigh Heads, 4220
Sale Contact Agent
Burleigh Heads freehold industrial headquarters Land size: 1,920m2* Building size: 973m2*
David Djurovitch 0411 133 307 d.djurovitch@rwsp.net
Upper and lower areas plus additional storage Dual street frontage and hard stand areas Opportunity to increase building a further 329m2* STCA Quality office fit-out, 32KW solar system RWC Gold Coast
Zoning: Low Impact Industry, electric roller doors
*Approx
raywhitecommercial.com
9 Calabro Way, Burleigh Heads, 4220
Sale Prices start from $210,000
Depot Burleigh Heads - your premier business destination Storage Units 27-89m2* - Warehouse Units 107- 233m2* Modern architectural designs Secure complex with 24/7 CCTV
Pat Cavanagh 0415 261 339 p.cavanagh@rwsp.net Lisa Dunne 0420 208 891 l.dunne@rwsp.net
Project completion Jan 2024; Move in by Q1-24 Versatile storage, warehouse, office & showroom design 50% Sold out RWC Gold Coast
raywhitecommercial.com
*Approx
2906/5 Lawson Street, Southport, 4215
Auction Thurs 7 December at 11am Gold Coast Turf Club, Bundall
Practical Southport CBD office - must be sold Ninth floor 85sqm* office suite 3sqm* exclusive balcony Partial existing fit-out
Luke Boulden 0423 159 170 l.boulden@rwsp.net Floyd na Nagara 0422 667 973 f.nanagara@rwsp.net
Three (3) allocated car parks Sold as a going concern with lease expiry of Jan 2024 To be sold by way of Public Auction RWC Gold Coast
raywhitecommercial.com
*Approx
45 Bulcock Street, Caloundra, 4551
Expressions Of Interest
Outstanding commercial premises in Caloundra CBD medical zoning Site area: 458m2* Net lettable area: 420m2*
Josh Harris 0452604478 josh.harris@raywhite.com
Medical zoning Dual street access Existing fitout Central position with excellent visibility RWC Noosa & Sunshine Coast
raywhitecommercial.com
28 Drummond Drive, Glanmire, 4570
Lease Contact Agent
Expansive warehouse with multiple cold rooms 5 min* from Gympie Central Medium Impact Industry zoning Site area: 4,834m2* | Total floor area: 2,448m2*
Rachel Cadamy 0455 902 627 rachel.cadamy@raywhite.com
1,272m2* warehouse plus 337m2* cold rooms Custom built for food production Nine high clearance roller doors Double loading dock and drive through access RWC Noosa & Sunshine Coast
16 car parks
raywhitecommercial.com
170 and 7002 Keidges Road, Augustine Heights, 4300
Expressions Of Interest
1.1481Ha* Neighbourhood centre site 2 titles (Lot 905 - 9,073m2* & Lot 4 - 2,408m2*)
Mark Creevey 0408 992 222
Lot 905 in Local Neighbourhood Centre Precinct
Tony Williams 0411 822 544
Directly adjacent future Augustine Heights Railway
Matthew Fritzsche 0410 435 891
Neighbouring new Woogaroo Creek State School Adjacent to The Haven Estate by Stockland Positioned nearby high growth neighbouring suburbs RW Special Projects Queensland
raywhitecommercial.com
*Approx
36-44 Daintree Drive, Redland Bay, 4165
Sale Contact Agent
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
Nathan Moore 0413 879 428 nathan.moore@raywhite.com Hugh Fletcher 0429 583 765 hugh.fletcher@raywhite.com
Located in the highly successful Redlands Business Park Close to M1 Motorway on and off ramps Prices start from $1,050,000 + GST RWC Bayside
raywhitecommercial.com
*Approx
4/22 Surf Parade, Broadbeach, 4218
Auction Online 30th Nov 2023
Amazing Broadbeach opportunity for investor/owner • Suit professional Office / Retail / Restaurateurs/ Travel and Tourism Industry possibly even medical use • 112* sqm of floor area-only a stone's throw from Broadbeach tram stop • Perfect opportunity for anyone looking for that worklife balance • Alfresco dining is possible with grease trap accessibility • Directly opposite Pacific Fair Shopping Centre • Secured basement car parking
Emilio Ciavarella 0422 080 051 emilio.ciavarella@raywhite.com
RWC Burleigh Group
raywhitecommercial.com
44 Marquis Street, Greenslopes, QLD, 4120
Auction 4pm (AEST), 14 December 2023 Level 26, 111 Eagle St, Brisbane
Receivers' sale - entry level first home or investment Buy one or buy both. 44 Marquis Street is the perfect opportunity for a first home buyer or investor to secure an entry level property in a highly sought after location. Being sold alongside 85 Juliette Street that presents as a well established allied health investment opportunity situated on a high profile corner site and located with a wide array of amenities with schools, transport, healthcare and shopping precincts all within close proximity. 44 Marquis St key highlights include: • 405sqm* land area • Medium Density Residential Zoning • 3 Storey maximum building height^ • 3 Large bedrooms + 1 bathroom • Short term car park licence returning $24,000 pa + GST
*Approx ^Subject to Approval
Michael McCullagh 0403 426 474 John Dwyer 0439 034 010 Rhys Hoole 0478 619 050
Receivers and Managers of KOVA Properties Pty Ltd in its own right and as trustee for the Rayont Property Trust
RWC Queensland
raywhitecommercial.com
Clayfield Villaggio 828-830 Sandgate Road, Clayfield, 4011
Expressions Of Interest Closing 6th December 2023
Trophy DA approved Clayfield development site Irreplaceable 3,608sqm* DA Approved corner site Enormous exposure to over 51,800 vehicles daily Prized Clayfield location, just 6km* from Brisbane CBD
Lachlan O'Keeffe 0413 464 137 lokeeffe@raywhite.com Michael Feltoe 0447 714 899 mfeltoe@raywhite.com
A diverse mix of retail, medical, office and residential
RWC Retail
raywhitecommercial.com
3/492 Christine Avuenue, Robina QLD, 4226
Expressions Of Interest Closing Tuesday 12th December 2023
Leased - 63m2 commercial tenancy with attached 3 bedroom residence Commercial Suite Features: • 63m2 commercial tenancy with street profile • Quality internal finishes and presentation • Own private bathroom and kitchenette • Stable long term tenant Residential Townhouse Features: • 3 bed, 2.5 bath, 2 level townhouse - master with ensuite • Spaceous open plan kitchen, dining and living area • Combined laundry & powder room • Dual balconys, one facing East and West • Double lock up garage with additional storage • 5 off street car spaces in total • Both options Leased on various terms
Tony Stone 0409 792 650 tony.stone@raywhite.com
RWC Robina
raywhitecommercial.com
109-111 Neil Street, Toowoomba, 4350
Expressions Of Interest Closes 8 December
Rarely available parking lot for sale • 1,859sqm* • 51 carparks • Two-street entrance • Fully compliant with Toowoomba Regional Council regulations • Continual income • Opposite Armstrongs & close to BCF/Supercheap • Solve your business parking problems
Peter Marks 0400 111 952 peter.marks@raywhite.com Brian Doyle 0434 551 628 brian.doyle@raywhite.com
RWC Toowoomba
raywhitecommercial.com
*Approx
3/2 Aplin Street, Cairns City, 4870
Tenanted investment city central 41sqm - CBD tenanted investment 3 + 3 year lease Surrounded by a great mix of well established businesses Nestled amongst several high profile accommodation venues Close to the vibe of the Esplanade, a tourist and local hot spot Light, bright space with large windows An opportunity to buy in a well known city precinct Sale $400,000
Susan Doubleday 0408 038 380 susan.doubleday@raywhite.com
RWC Cairns raywhitecommercial.com
L2 + L3/38-42 Pease Street, Manoora, 4870
Central Cairns warehouse with office 104sqm - high clearance strata titled warehouse 120sqm - office area over 2 levels fully air conditioned 4.4m high roller door All fixtures and fittings included 6 allocated car parks on titles 3 x 2.6m wide x 3.4m high racking system Two full bathrooms Sale $760,000
Grant Timmins 0422 534 044 grant.timmins@raywhite.com Helen Crossley 0412 772 882 helen.crossley@raywhite.com
RWC Cairns raywhitecommercial.com
*Approx
148-152 Main Street, Kawungan, 4655
Prime plot & prime potential... Your prime Hervey Bay opportunity 4047m2 block with 70m frontage on the iconic Main Street Epicentre of Hervey Bay's commercial and retail activity Alongside industry giants like Bunnings, Repco, Sydney Tools Emerging Communities Zoning providing limitless potential Lease back options available for retailers Current population exceeding 110,000
Sale Price on Application
Grant Turner 0457 766 812 grant.turner@raywhite.com Julie Ryan 0447 445 453 julie.ryan@raywhite.com
RWC CSR raywhitecommercial.com
9/3 River Esplanade, Mooloolaba, 4557
Mooloolaba waterfront unique opportunity Long established (17 years) business and freehold for sale Chinese Medicine and Therapies Best exposure and signage in Mooloolaba Opposite Sealife Aquarium and Wharf precinct 3 consultation rooms + reception & 3 office rooms + kitchen 2 exclusive carparks Extremely strong business and reputation in local community Sale Contact Agent
Christina Li 0430 360 408 christina_li@raywhite.com Christine Freney 0417 757 645 christine.freney@raywhite.com
RWC CSR raywhitecommercial.com
1/55 Clarence Street, Coorparoo, 4151
Office/warehouse unit occupy or invest 133sqm* ground floor office Additional 133sqm* first-floor office 5 exclusive car spaces Total Gross Income $73,871.16 pa + GST Three individual tenancies with amenities & access Prime location Motivated seller Auction In-house Auction: Fri 15th Dec 10:00am
Ben Sands 0432 547 164 ben.sands@raywhite.com
RWC Gateway raywhitecommercial.com
*Approx. Outline indicative only.
3/5 Gardner Close, Milton, 4064
Circa 8% return - fully leased City Fringe investment 810sqm* single floor, level 2 office tenancy Leased to Creation Homes (QLD) Pty Ltd $274,140.10*p.a. net income 3 year lease commenced 1/11/22 with further options $91,102.00 security bond 2km* from Brisbane CBD One of only ten units on this 3,013sqm* MU1 Mixed use zoned site Auction Auction (if not sold prior): 10am Fri 15th Dec
Jack Gwyn 0424 807 166 jack.gwyn@raywhite.com Jared Doyle 0408 160 570 jared.doyle@raywhite.com
RWC Gateway raywhitecommercial.com
*Approx. Outline indicative only.
679 Beenleigh Road, Sunnybank, 4109
287sqm* Healthcare and professional leasing opportunity 287*sqm tenancy option available Prime visibility with multiple large signage opportunities Option to retain high-end medical-grade fit-out 9 Car parks dedicated to the tenancy Situated next to a Coles-anchored Pineland Shopping Centre Nearby Healthcare amenities
Lease Contact Agent
Chris Meyer 0422 585 357 chris.meyer@raywhite.com Franz Stapelberg 0430 655 676 franz.stapelberg@raywhite.com
RWC Medical (QLD) raywhitecommercial.com
*Approx
1808 Logan Road, Upper Mount Gravatt, 4122
Final tenancies available join national healthcare operators Consulting suites starting from 68sqm, ailored for private Medical spaces ranging from 100*sqm - 500*sqm adaptable Join 18+ Healthcare specialists and operators A promising growth forecast of 24.5% over 20 years in this catchment Ample secured basement and on-grade parking Large incentives on offer for both lease and sale options
Sale/Lease Large incentives on offer
Franz Stapelberg 0430 655 676 franz.stapelberg@raywhite.com Chris Meyer 0422 585 357 chris.meyer@raywhite.com
RWC Medical (QLD) raywhitecommercial.com
*Approx
14/61 Holdsworth Street, Coorparoo, 4151
Expressions Of Interest Closing Wednesday 20th December 2023
Excellent opportunity in tightly held area 145sqm of total size 97sqm showroom/warehouse
Dylan Thomas 0428 242 935 dylan.thomas@raywhite.com
4/134 Constance Street, Fortitude Valley, 4006
Owner occupier opportunity in the heart of Fortitude Valley Functional 186m2 office in the heart of Fortitude Air conditioned office with partitioned offices
48sqm first floor office
Fitted out with a kitchenette and separate
3 allocated parks with visitors in complex
Both partitioned and open plan zones
Holding income until 31st of January 2024
Four exclusive use car parks
Sale Expressions of Interest closing 7th December
David Highman 0488 109 768 david.highman@raywhite.com
Available for occupation from 1st of February RWC Milton raywhitecommercial.com
18/2962 Logan Road, Underwood, 4119
Sale Contact agent
Office or medical with exposure to busy Logan Road First time for sale in 30 years 53sqm of well-appointed office or medical
RWC Milton raywhitecommercial.com
3/1368 Kingsford Smith Drive, Pinkenba, 4008
Lease Contact Agent
Clean industrial unit on doorstep of airport Stephen Ferguson 0412 803 244 stephen.ferguson@raywhite.com
331 sqm* unit with exposure to Kingsford Smith 235 sqm* of clear span warehouse
First floor space
96 sqm* of air-conditioned office over 2 levels
Ducted air-conditioning
4 exclusive use car parks
Rear secure parking with electric gate access
4.5km* to domestic freight terminal
Leased until Jan 2024 ($15,946.20 + GST + outs)
Dylan Thomas 0428 242 935 dylan.thomas@raywhite.com Maclay Kenman 0490 196 600 maclay.kenman@raywhite.com
Freeheld property RWC Milton raywhitecommercial.com
Toilet & shower facility
RWC Milton raywhitecommercial.com
542 Old Bay Road, Burpengary East, 4505
Sale
2.026ha* industry zoned land with DA for 8,888m2* Expansive 2.026ha* parcel of industry-zoned Approval for 8,888m2* across six buildings Civil, hydraulic, structural & architectural plans
33-35 Empire Crescent, Chevallum, 4555
Freehold laundry tenanted investment Chris Massie 0412 490 840 chris.massie@raywhite.com Aaron Canavan 0447 744 948 aaron.canavan@raywhite.com
Net Annual Income: $350,000 P/A
David Goldsworthy 0481 996 794
New 7 year lease to Sunshine Coast Laundry
Samuel Hoy 0423 795 273
Building Area: 1,870m2*
Michael Shadforth 0488 981 076
Flexible design allowing for staged development
Land Area: 3,296m2*
Immediate access to Bruce Highway
Dual driveway access
Prepared draft strata plan
6 high clearance roller doors RWC Northern Corridor Group
Located in high-growth area
RWC Northern Corridor Group raywhitecommercial.com
Located in Chevallum Industrial Estate
Cnr Price Street & Hospital Road, Nambour, 4560
Sale
141-145 Griffith Road, Newport, 4020
Prime corner freehold mixeduse development site Significant 5,029m2* land area over 5 titles Expansive 75m* wide corner street frontage 15m height limit
Sale
raywhitecommercial.com
Sale Offers To Purchase
Fully tenanted local centre Mariner Plaza Emily Pendleton 0402 435 446 emily.pendleton@raywhite.com Abi Rowlands 0402 028 663 abi.rowlands@raywhite.com
Specialised Centre Zoning Strong holding income
• 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
Located in a fast growing region Walking distance to Nambour CBD
RWC Northern Corridor Group
RWC Northern Corridor Group
raywhitecommercial.com
raywhitecommercial.com
*Approx
4 Production Street, Beenleigh, 4207
Offers To Purchase Contact the agents
1,340 sqm of building area 4,000 sqm of land area
Jaems Balfour 0411404249 j.balfour@raywhite.com Lachie Hale 0414911099 lachie.hale@raywhite.com
Functional warehouse/office area Access via 4 container height roller doors
Recently refurbished air conditioned office
Large land parcel with future development
687 m2 of floor area
Owner will leaseback site for 6 months
Harry Egan 0409 494 248 harry.egan@raywhite.com
20 & 40 ft container set down area
Corporate office/showroom fit out
Rental for 6 month period: $168,000 Net + GST
Lease Available now
Prime warehouse / office available now
Low site coverage freestander Besser brick construction
26 Annie Street, Coopers Plains, 4108
802 m2 of land area RWC Southwest raywhitecommercial.com
RWC Southwest raywhitecommercial.com
*Approx. Outline indicative only.
37 Dulwich Street, Loganholme, 4129
Expressions Of Interest Closing 29 January 2024
Land area: 2,000sqm 492sqm warehouse/workshop space
Lachie Hale 0414911099 lachie.hale@raywhite.com Jaems Balfour 0411404249 j.balfour@raywhite.com
RWC Southwest with RWC Gateway
Harry Egan 0409 494 248
17 units from 132sqm* - 580sqm*
Jared Doyle 0408 160 570
Units 1-7 brand new
Jack Gywn 0424 807 166
108sqm air conditioned ground level office space
Units 8-17 near new
108sqm air-conditioned mezzanine floor
80amps of 3 phase power to each unit
Total GFA: 708 sqm Low site coverage
*Approx. Outline indicative only.
Sale/Lease Expressions of Interest
Corporate complex nearing completion
Land rich freestanding site Expressions of Interest closing 29 January 2024
14 Jijaws Street, Sumner, 4074
Epoxy sealed warehouse floors RWC Southwest raywhitecommercial.com
Amenities in each unit
RWC Southwest raywhitecommercial.com
356 Middle Road, Greenbank,
Sale Contact Agent
Fuel, convenience centre with 4 tenants and big upside • All 4 tenants with long term leases • Current net income - $451,280.04 PA Net + GST + Outgoings • Building area - 377sqm • Land area - 4,588 sqm • 1193 Sqm of vacant land ideal for car wash and extra income • Low site coverage with value add or redevelopment potential • Fully leased multi-tenanted investment • Anchored by Metro Petroleum with over 300 Metro Service Stations Australia wide • Metro Petroleum has one of the largest independent service station networks in Australia • 13,000 Approx daily passing traffic • Located in Greenbank high growth area
6 Miller Street, Slacks Creek, 4127
Sale $5,750,000 (Going Concern)
Multi tenanted investment medical centre & pharmacy included Aldo Bevacqua 0412 784 977 aldo@rwcs.com.au
RWC Springwood raywhitecommercial.com
Sale Offers over $1,350,000
Freestanding tenanted investment - net income - $79,000 • 350 Sqm metal clad building with offices • 1,214 Sqm land area • Long established car sales business • Leased until August 2026 • Current net income - $79,000 PA Net + GST + Outgoings • Outgoings - $16,500 PA approximately paid by tenant • Fully concreted hardstand • On-site amenities • 2 x Roller doors • 3 Phase power • Zoned mixed use • Easy access to Pacific Highway and all major arterial roads
90 Wembley Road, Logan Central, 4114
• Long term leases and tenants in place • 2 Level freestanding retail/office building • 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 • Potential to increase GFA or re-development to maximise income • Excellent exposure, only minutes to the M1
3110/2996 Logan Rd, Springwood, 4127
Aldo Bevacqua 0412 784 977 aldo@rwcs.com.au
RWC Springwood raywhitecommercial.com
Sale $680,000 (Going Concern)
Tenanted investment in corporate centre ground floor office Aldo Bevacqua 0412 784 977 aldo@rwcs.com.au
RWC Springwood raywhitecommercial.com
• Total area 135 sqm • Ground floor office with easy access car parking at front door • Exclusive lift from underground car parks to office level • Meeting room next to reception & kitchen next to boardroom • Fit-out with 3.6 metre high clearance ceiling • 3-year lease in place • Net lease income $41,200 per annum starting from January 2024 • Tenant pays outgoings (Rates & Body Corp) • Fixed 3% annual increases • High quality office with fit-out • Fully air-conditioned throughout • 3 Secure basement car parks & ample shared parking
Aldo Bevacqua 0412 784 977 aldo@rwcs.com.au
RWC Springwood raywhitecommercial.com
NSW | ACT
Shops 2, 3 & 4/647- 653 Military Road, Mosman, 2088
Sale Contact Agent
Tenanted retail investments in thriving Mosman hub Can be sold individually or all in one line Shop 2: 68 sqm* + 2 Car Spaces Shop 3: 70 sqm* + 2 Car Spaces
Scott Stephens 0434 341 001 scott.stephens@raywhite.com Max Stephens 0429 500 156 max.stephens@raywhite.com
Shop 4: 74 sqm* + 2 Car Spaces Perfectly located in Sydney's premier retail high street Tenanted by leading Australian fashion labels RWC Sydney North
Total Gross Income of $352,286 per annum + GST*
*Approx
raywhitecommercial.com
5 Park Street, Belconnen, 2617
Sale Private Treaty
Prime town centre investments Unit 1
Unit 4
270 sqm
349 sqm
Leased until October
Monthly lease
Solid investment
Suit owner occupier
$950,000 (ex GST)
$1,325,000 (ex GST)
Daniel McGrath 0411 140 523 daniel.mcgrath@raywhite.com Anthony Alvaro 0406 995 383 anthony.alvaro@raywhite.com
RWC Canberra
raywhitecommercial.com
5 Bollard Place, Picton, NSW 2571
Auction Thursday 14 December 2023 at 10am (AEDT) Ray White Auction Rooms
South West Sydney industrial asset (receivers and managers appointed) Land - 4,495sqm* Building - 2,119sqm* Corner position with multiple access points
Samuel Hadgelias 0480 010 341 shadgelias@raywhite.com Nick Ward 0433 702 903 nick.ward@raywhite.com
Zoned E4 General Industrial 2.9km* from Picton town centre
RWC SC
raywhitecommercial.com
*Approx. Outline indicative only.
37 Houston Road, Kingsford, 2032
Auction Tuesday 12 December 2023 at 5.00pm Homely Auction House Double Bay
Block of 4 x 3 bedroom apartments offered in one line 4 x 3 bedroom apartments with double lock up garage
Phillip Elmowy 0425 285 444
Spacious floorplans ft. combined living/dining areas
Nick Panovski 0481 182 283
Unit 4 fully renovated with air conditioning
Imelda Sariaatmadja 0412 023 400
Project income $252,200 per annum approximately Inspect: Thursday & Saturday 11.00am - 11.45am
RWC South Sydney
raywhitecommercial.com
9 Hassall Street, Parramatta, 2150
Expressions Of Interest Closing 13 December 2023 at 3pm
Receivers appointed: near-complete Parramatta BTR project • An irreplaceable value creation opportunity • A collection of 179 apartments plus commercial over two towers • Capitalise on the current housing shortage & immigration boom • Incredible location moments from the Parramatta railway station, bus interchange & Westfield • World class education facilities, employment & amenities nearby • Higher floors enjoy stunning district views • Project benefits from 6 levels of basement with 201 car spaces
Peter Vines 0449 857 100 Victor Sheu 0412 301 582 Joseph Assaf 0401 397 696
RWC Western Sydney
raywhitecommercial.com
6A Sloane Street, Summer Hill, 2130
Mixed use investment - rear access & parking • Land area 183sqm* Building area: 154sqm* • Zoned B2 Local Centre • The Ground Floor consists of a retail office leased to Ray White • 3BR unit occupies part of the ground floor and all of level 1 • Fully leased potential income of $80,000* per annum • Potential to also occupy and/or add value **(STCA)
Sale Priavate Treaty
Kristian Morris 0411 415 297 kristian.morris@raywhite.com Erik Polsek 0413 326 685 erik.polsek@raywhite.com
RWC Sydney City Fringe raywhitecommercial.com
*Approx
114 Smith Street, Summer Hill, 2130
Exceptional mixed use investment - rear access & parking • Land area 358sqm* Building area: 404sqm* • Zoned B2 Local Centre • The Ground Floor consists of a retail showroom & warehouse • Residential consists of 2BR unit, 1BR unit and 1 Studio • Fully leased potential income of circa $150,000* per annum • Potential to also occupy and/or add value **(STCA) • Rear access, parking, and storage Sale Private Treaty $3,195,000
Kristian Morris 0411 415 297 kristian.morris@raywhite.com Con Magias 0414 414 482 con.magias@raywhite.com
RWC Sydney City Fringe raywhitecommercial.com
*Approx
VIC | TAS
80 Frankston Gardens Drive, Carrum Downs, 3201
Auction Public On-site & Online Auction Monday, 18th December 2023 at 3pm.
High yielding industrial corner facility with 206m* street frontage • 206m* Corner Exposure • Prime Industrial landholding | 9,300m2* • Total building area | 4,070m2* • Offices / boardroom / staff amenities | 500m2* • Offered with extremely strong income stream^ • High warehouse clearance up to 10.8m* • High power supply - 400 amps • 8x roller doors, 3x overhead cranes (20T, 12.5T & 5T) • Concrete Batching Plant • Invest Now, Occupy / Develop in the Future (STCA) • Industrial 1 Zone (IN1Z)
Theo Karkanis 0431 391 035 George Kelepouris 0425 798 677 George Ganavas 0478 634 562
RWC Oakleigh
raywhitecommercial.com
*Approx
634 Glen Huntly Road, Caulfield South, 3162
Auction On-site and Online Auction Thursday, 30th November 2023 at 11:30 am
Retail opportunity with development upside (STCA) Total land area | 212m2* Combined building area | 115m2* Including retail area | 35m2*
6/632-642 Clayton Road, Clayton South, 3169
Entry level warehouse - must be sold George Kelepouris 0425 798 677 george.kelepouris@raywhite.com Simon Liang 0451 954 318
Total building area | 213m2*
High internal clearance Electric Roller Door
Development Upside (STCA)
3 Phase Power
Tightly held Caulfield South Retail Precinct
80-82 Station Street, Fairfield, 3078
Simon Liang 0451 954 318
Two (2) car spaces on-title RWC Oakleigh raywhitecommercial.com
Auction On-site & Online | Friday 15th December 2023 at 1:30 pm
Dual income investment with upside • First time offered in over 20 years • Fantastic 10.1m* frontage • Total land area | 390m2* • Total building area | 160m2* • Current rental | $63,971 p/a net* • Both Tenants in operation for over 25 years • Only metres from Fairfield Station • Future Development Potential (STCA) • Rear access & on-site parking • Commercial 1 Zone (C1Z)
George Kelepouris 0425 798 677
Office area | 45m2*
Rear access via R.O.W.
Shop & residence separately metered
Auction Public On-Site Auction Wednesday 13th of December 2023 @ 12:00 pm
Industrial 1 Zoning (IN1Z)
4/82 Wirraway Drive, Port Melbourne, 3207
RWC Oakleigh raywhitecommercial.com
Auction On-site and Online Auction Friday 15th December 2023 at 11:00 am
Inner City office / warehouse with vacant possession Theo Karkanis 0431 391 035
Total building area | 120m2*
George Ganavas 0478 634 562
Plus bonus mezzanine / storage area | 25m2*
George Kelepouris 0425 798 677
Electric roller door, 3 phase power & alarm
George Ganavas 0478 634 562 george.ganavas@raywhite.com Ryan Amler 0401 971 622 ryan.amler@raywhite.com
Amenities | 2x split-systems & kitchen One (1) car space on-title Securely gated boutique estate RWC Oakleigh raywhitecommercial.com
*Approx
Commercial 2 Zone (C2Z)
*Approx
RWC Oakleigh raywhitecommercial.com
13 Rose Street, Upper Ferntree Gully, 3156
Sale Private Sale
Commercial 1 zoned development site Land Area 1,844sqm* Building Area 600sqm* Rent $59,800.00*+ GST and outgoings
Jarrod Peterson 0409 408 544 jarrod.peterson@raywhite.com Mitch Rosam 0402 355 805 mitch.rosam@raywhite.com
Commercial 1 Zone (C1Z) Development Potential (STCA)
RWC Ferntree Gully
raywhitecommercial.com
*Approx
5/507-533 Bluff Road, Hampton, 3188
Fresh Subway investment Return | $26,503.32 pa net Subway pays all outgoings as per lease CPI annual increases Lease term | Five (5) years Options | Five (5) years + Five (5) years Substantial tenant fitout Building area | 56sqm* Sale Expressions of Interest Closing 12th December at 4pm
Brett Diston 0439 365 532 brett.diston@raywhite.com
RWC Diston Asset Services raywhitecommercial.com
*Approx
640 Somerville Road, Sunshine West, 3020
Modern main road showroom/warehouse Building area | 736sqm* 3 phase power Dual access with front and rear container height roller doors Short term income $146,563.06 pa net (expires 27/02/2024) Ground floor and Level 1 offices, meeting rooms, kitchen, reception 3.6km* to Western Ring Road and 6km to Citylink via Princess Fwy Ample onsite car parking in securely gated estate Sale $2,100,000
RWC Diston Asset Services raywhitecommercial.com
Brett Diston 0439 365 532 brett.diston@raywhite.com
*Approx
13 Cleveland Road, Ashwood, 3147
Entry level retail Situated in the heart of Ashwood's bustling retail strip Boasts a spacious floor area of 62 sqm Generous land area of 253.63 sqm Remarkable exposure and a steady flow of foot traffic Stands as a highly sought-after suburb Positioned near public transport, reputable schools and parks Current lease: Use - Hair/ Beauty Salon Auction Wednesday, 13th Dec at 1pm
Ryan Trickey 0400 380 438 ryan.trickey@raywhite.com Will Jonas 0422 883 011 will.jonas@raywhite.com
RWC Glen Waverley raywhitecommercial.com
12/27-31 Duerdin Street, Notting Hill, 3168
High performance investment Well-maintained office space in a prestigious business park Currently generating $48,053* plus outgoings plus GST A secure 3-year lease in place to June 2026 3.5% rental increases, bolstered by a 6-month security deposit 110m2* fully fitted office space, meticulously designed for efficiency Four dedicated on-site parking spaces and ample visitor parking Access to the Monash M1 Freeway, Princes Highway and Eastlink. Auction Thursday 14th Dec at 1pm
Ryan Trickey 0400 380 438 ryan.trickey@raywhite.com Will Jonas 0422 883 011 will.jonas@raywhite.com
RWC Glen Waverley raywhitecommercial.com
*Approx
Western Australia
28/226 Beaufort Street, Perth, 6000
Prominent main street commercial unit Ground level street front position 155m2* Commercial, great fit out 3 Car bays, secure gated access Existing tenant on flexible lease
Offers To Purchase Closing Thur 14 Dec at 2:00pm AWST
Michael Milne 0403 466 603 michael.milne@raywhite.com
RWC WA raywhitecommercial.com
*Approx. Outline indicative only.
Lot 716 Centaurus Street, Rockingham, 6168
Prime residential childcare development site Directly opposite Bungaree Primary School Formally utilised as a kindergarten 240m2* of building on 2,759m2 land Zoned R 20 94m of park frontage
Sale Public tender closing Wed 13 Dec at 2:00pm AWST
RWC WA raywhitecommercial.com
Stephen Harrison 0421 622 777 stephen.harrison@raywhite.com Michael Danagher 0403 049 989 michael.danagher@raywhite.com
*Approx. Outline indicative only.
Shop 6/531 Hay Street, Subiaco, 6008
Prime retail - Subiaco 200m2* Prime retail Subiaco Two shopfronts - split options Parking galore plus parking income Vacant possession May 2024 Versatile high end use options (STCA) Bus stop directly out front
Sale
Brett Wilkins 0478 611 168 brett.wilkins@raywhite.com Michael Milne 0403 466 603 michael.milne@raywhite.com
RWC WA raywhitecommercial.com
*Approx. Outline indicative only.
1/863 Wellington Street, West Perth, 6005
High exposure shop or office on high-profile Street 128m2* plus 6 car bays Vacant possession Red CAT bus stop right in front Great exposure Male and female amenities with shower
Sale $540,000 + GST
RWC WA raywhitecommercial.com
Brett Wilkins 0478 611 168 brett.wilkins@raywhite.com
*Approx. Outline indicative only.