PORTFOLIO
FEBRUARY 2024
1 | P O R T F O L I O | RWC
FOUR ESSENTIAL STEPS FOR PORTFOLIO SUCCESS
W I L L T H E C H A L L E N G E S O F 2 0 2 3 C O N T I N U E I N TO 2 0 2 4 ?
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 With 2024 well and truly underway we are
The team at RWC looks forward to working with
proud to present the February edition of
you throughout 2024, with our sales, leasing and
Portfolio magazine.
asset management experts striving to provide you with the best results possible
In this edition, Ray White Head of Research Vanessa Rader takes a look at how each commercial asset class has performed over the past few years, and shares her forecasts for the year ahead.
James Linacre General Manager
RWC Property Management Business Development Executive Leteicha Wilson shares her top tips for how you can kick off the calendar year with a bang, and make sure your property portfolio is in top shape as we round out the financial year.
Quick jump to a region
WA
NT | SA
QLD QUICK JUMP TO A REGION
NSW | ACT
VIC | TAS
NZ
Will the challenges of 2023 continue into 2024? VANE S S A RA DE R Ray White Head of Research
During 2023 we saw commercial volumes amass close to $50 billion in transactions over $2 million, this down from 2022 which recorded $67 billion after a record breaking 2021 which achieved close to $95 billion. After two years of transaction declines, what is the way forward for the commercial market? We saw in 2023 a turnaround in activity for the office sector. This sector was leading the charge in 2022, recording more than 34 per cent of all transactions, and representing close to $23 billion in sales. However, uncertainty surrounding the future of office and yield increases saw this sector off the boil, reducing volumes to just $10.8 billion. As vacancy concerns continue across the office sector, the outlook for this year will continue to be tough for this asset class. Offshore interest has declined and investment yields are expected to be further pressured upwards until occupancy improves and the outlook for face rents stabilise. Opportunistic buyers, however, are likely to seek out assets due to recent price declines in anticipation for the future rebound of the office sector.
Another year of commercial sales decline National 2023 transaction volume by asset type Hotel & Leisure 7.3% Other 8.5%
Development Site 11.9%
Industrial 29.4%
Total 2023* Volume:
$49.88 Billion
Retail 21.3%
Source: Ray White, Real Capital Analytics, PIMS 4 | P O R T F O L I O | RWC
Office 21.7%
Industrial regained its number one position as the most active asset class in 2023, respresing 29.4 per cent of all sales. During 2022 this sat at just 25 per cent with assets tightly held and larger office transactions dominating total volumes. With construction activity remaining limited across the industrial sector, the mismatch in supply and demand has ensured this asset class is one of the more favourable for many investors. For retail, investment remains robust, representing 21 per cent, with many larger centres changing hands, while a slow down has occurred across the smaller end of the market, with strips, stand alone and bulky good type assets all more difficult to shift. Until interest rates start to see some relief, this sector is expected to remain subdued. For the alternatives, this market saw continued investment activity, actually growing transaction volumes to more than $4.2 billion, with buyers attracted to the secure, long term income streams. However, many investors are now more selective when considering these types of investments and are ensuring assets have particular features including a good location and have strong lease covenants. As yield levels grow, values are compressed and greater distressed activity is starting to emerge by less experienced investors who have been navigating these sectors in the last few years. Development sites have had a quiet couple of years, and despite the undersupply of residential across most of the country, the inability for some projects to financially “stack up” has resulted in an increased volume of stock come to market. Receiver sales picked up late last year and are expected to remain a feature this year until we start to see some interest rate declines. Despite these woes the strong performance of the residential sector sparks opportunities within the commercial arena. Blocks of units, student accommodation, and build-to-rent assets have growing interest. The volume levels of 2023 highlighted a change in confidence for the commercial sectors. Last year we saw many owners reluctant to transact and adopt a “wait and see” attitude, this year we expect to see an increased need by vendors to bring their assets to market which will impact turnover levels. Encouraging for 2024, the stagnant feel of 2023 will move and sentiment shifts, either positive or negative, will result in property decisions being made and opportunities presenting themselves, resulting in some turnover activity rebound for the year ahead.
P O R T F O L I O | RWC | 5
Revitalising your commercial portfolio: four essential steps for success in 2024 L ET E ICH A W ILS O N RWC Property Management BDE
As we find ourselves in the midst of the financial year and
3. Tenant engagement and satisfaction strategies
the beginning of a new calendar year, diligent commercial investors recognise the significance of proactive portfolio
The satisfaction of your tenants is a key factor in the success
management. It’s an opportune time to assess the health of
of your commercial properties. Take this opportunity to
your assets, identify areas for improvement, and prepare for
enhance tenant engagement by maintaining open lines
a successful and prosperous year ahead. Below I will explore
of communication. Promptly address tenant concerns,
four essential steps to revitalise your commercial portfolio for
and actively seek feedback for continuous improvement.
optimal performance and long-term success.
Consider upgrading amenities, improving common areas, and optimising communication channels to create a positive
1. Strategic expense review for optimal ROI
tenant experience. Satisfied tenants are more likely to renew leases and positively impact the overall value of your
Even though we are midway through the financial year, now
portfolio.
is the perfect time to commence the process of auditing your property expenses. Many commercial properties operate on
4. Lease audit for compliance and optimisation
a financial year budget cycle, and being proactive in expense management can influence budget planning for the upcoming
A lease audit is a crucial step in ensuring tenant compliance
months. Conduct a comprehensive review of service
and optimising revenue streams. Regularly review leases
contracts; explore negotiation opportunities; and seek cost-
to confirm adherence to items like outgoing recovery, rent
effective, energy-efficient solutions. Leverage technology
increases, and maintenance clauses. Uncover potential
to streamline operational costs. By initiating this strategic
revenue streams and identify any areas where tenants may be
expense review now, you position yourself for informed
falling short of their obligations under the lease agreement.
decision-making during the upcoming budget-setting process.
A proactive lease audit sets the stage for financial optimisation and helps maintain the financial health of your
2. Preventative maintenance: a key to long-term asset health
commercial properties.
Preserving the value of your commercial assets requires
The new year presents a golden opportunity to breathe
a proactive stance on maintenance. Establish a robust
new life into your commercial portfolio. By strategically
preventative maintenance schedule that covers critical
reviewing expenses, prioritising preventative maintenance,
systems, structural components, and common wear-and-
engaging with tenants, and conducting lease audits, you
tear issues. Preventative measures not only contribute to
position yourself for success in the coming months. Proactive
cost savings by avoiding major repairs but also enhance the
management not only enhances the performance of individual
longevity and marketability of your properties. As you plan for
assets but also contributes to the long-term growth and
the new year, prioritise preventative maintenance to ensure
prosperity of your entire commercial portfolio. Here’s to a
your assets remain in peak condition.
successful and rewarding year ahead!
6 | P O R T F O L I O | RWC
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.
C ONTACT HERE
RWC EA STERN SUBUR BS ALEXANDRIA, NSW Completed in 2021, the building is the new corporate headquarters for Australia’s largest petrol and convenience network company
RW C S OUTHWES T SUMNER, QLD 2,970sqm* industrial unit leased to an ASX listed tenant on a 5,300sqm* lot
RWC BAYS IDE CAPALABA, QLD 4,260sqm* high-profile showroom complex on a 1.1ha* site with a large customer car park, anchored by national retailer ‘Spotlight’
RWC SC SINGLETON, NSW 86 place childcare centre strategically located in a high-demand area with strong economic and population growth forecasts
P O R T F O L I O | RWC | 7
Queensland
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 Units 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
52-54 Jardine Drive, Redland Bay, 4165
Sale Prices from $780,000 + GST
5 modern industrial units with fitted mezzanines Units ranging in size from 218-275sqm* Container-height roller door Fully fitted mezzanines
Hugh Fletcher 0429 583 765 hugh.fletcher@raywhite.com Nathan Moore 0413 879 428 nathan.moore@raywhite.com
3-phase power capabilities Disability-compliant amenities 23 on-site car parks RWC Bayside
Easy access to M1 Motorway
*Approx
raywhitecommercial.com
26 Ern Harley Drive, Burleigh Heads, 4220
Sale Contact Agent For Price List
VAULT Burleigh Heads from $329,000 + GST warehouse & self-storage Spaces ranging from 47m2 to 235m2 of lettable area Each unit offers a private toilet and modern kitchenette
Jackson Rameau 0438 451 112 j.rameau@rwsp.net
1 to 2 undercover car spaces per unit + 10 visitor spaces High-clearance industrial roller shutters & mezzanines Variety of fit-outs available depending on the unit Certain lots offer private courtyards for outdoor use RWC Gold Coast
raywhitecommercial.com
624 Alderley Street, Harristown, 4350
Auction Thursday 22nd February 2024 at 11am Gold Coast Turf Club, Bundall QLD
Secure 10 year lease to Ampol Harristown + value add opportunity Net income of $294,175* p.a + GST Leased until 2031 with 3 x 5 year options High profile 3,503m2* of land area
Jackson Rameau 0438 451 112 j.rameau@rwsp.net Matt Taylor 0429 959 429 m.taylor@rwsp.net
Premium location with strong future capital growth DA Approval for x2 fast food/retail drive-thru tenancies Golden investment opportunity - do not miss out RWC Gold Coast
raywhitecommercial.com
*Approx
Lot 8/49 Hastings Street, Noosa Heads, QLD
Expressions Of Interest Closing 5pm 14 February 2024
Noosa investment absolute beachfront restaurant Incredibly rare Hastings Street freehold property One of only four restaurants on Noosa's Main Beach Secured long term tenants, Boardwalk Bistro
David Brinkley 0448 594 361 david.brinkley@raywhite.com Paul Butler 0418 780 333 paul.butler@raywhite.com
Newly extended lease until 2036 including options 60m2* internal plus 32m2* exclusive use outdoor area Allocated basement car park RWC Noosa & Sunshine Coast
raywhitecommercial.com
*Approx
Unit 8/17 Lomandra Place, Coolum Beach, 4573
The Sunshine Coast's most luxurious home & warehouse fusion One-of-a-kind, the ultimate in lifestyle living 4 bed, 2 bath - Bespoke mediterranean luxury design 337m2* ground floor / 160m2* mezzanine / 28m2* balcony Custom 385 bottle wine cellar and beer vending machine Multi-purpose warehouse space, NBA basketball hoop, 4' halfpipe High-end finishes, quality appliances and 38kw solar system Only 7 mins* to Coolum Beach Sale
Tallon Pamenter 0414 361 901 tallon.pamenter@raywhite.com
RWC Noosa & Sunshine Coast raywhitecommercial.com
*Approx
209 Brisbane Road, Mooloolaba, 4557
Freehold with waterfront Mooloolaba - 10 year lease with options in place Iconic freehold site - Mooloolaba Mooloolaba water frontage with water access via jetty Extensive renovations recently completed - multi-purpose New 10 year lease with options to luxury bathhouse & day spa 1,110m2* total net lettable area Returning $420,000 net per annum* + outgoings + GST Potential development upside in future Sale
RWC Noosa & Sunshine Coast raywhitecommercial.com
Tallon Pamenter 0414 361 901 tallon.pamenter@raywhite.com
29 Raffles Street, Mount Gravatt East, 4122
Expressions Of Interest Closing 29th Feb, 2024
EOI Closing 29th Feb, 2024 14 Units Generating Income Modern 2 Bedroom Units
Mukhtaar Hashim 0433 364 786 mukhtaar.h@raywhite.com
Available In One Line or Part Sale High Rental Demand with Future Growth 15 min drive to Brisbane CBD
RWC CSR
raywhitecommercial.com
76-82 Buchanan Road, Banyo, 4014
Lease Price on Application
High exposure premium facility with M1 frontage 3,418sqm GFA on a fully secure 5,371sqm site 2,800sqm high clearance warehouse 618sqm of corporate office over two levels
Luke Wray 0402 042 171 luke.wray@raywhite.com Ethan Rennie 0458 258 365 ethan.rennie@raywhite.com
30+ onsite carparks 60m direct frontage to the M1 Prime positioning for distribution RWC Southwest
Ample amenities on both levels
raywhitecommercial.com
24-26 Parker Street, Drayton, 4350
Offers To Purchase Closing 4pm, 15 February Land Area: 2023sqm*
Half acre industrial lot • 2,023sqm* Parcel (Lot 1 on RP151825) • 'Medium Impact Industry' zoning • Approx. 50m x 40m on corner of Cambooya Street • Site previously levelled/western fence • Located on an approved B-Double Route • Direct access to Anzac Ave (Gore Hwy) • Great opportunity for an owner-occupier^ • Submitting all written offers for consideration
Craig Bradley 0488 075 167 craig.bradley@raywhite.com
RWC Toowoomba
raywhitecommercial.com
*Approx ^Subject to Council Approval
172 Hugh Street, Currajong, 4812
Sale $1,250,000
Two standalone high profile workshops Land area: 1,083 sqm Zoned Low Impact Industry Two self-contained, free standing workshops
Troy Townsend 0407 213 887 troy.townsend@raywhite.com Stacie Stockham 0474 419 166 stacie.stockham@raywhite.com
Current gross income of approx $95,321 p.a + GST Outgoings of approx $20,000 pa (payable by the lessor) New 98KW Solar system - additional $8,000 income RWC Townsville
raywhitecommercial.com
5/22 Spence Street, Cairns City, 4870
Prominent retail site landlord incentives Iconic Central Hotel building
Day and night time clientele
Significant city location
Ground floor tenancy
Excellent foot traffic
Well established businesses
Floor area 127sqm*
Great mix of tenancies
Corner site 2 street frontage
Only 1 site remains
Walking distance to venues
Walk to reef/cruise terminals
The best Cairns has to offer
Generous lessor incentives
Lease $85,000 + GST per annum gross
Grant Timmins 0422 534 044 grant.timmins@raywhite.com Susan Doubleday 0408 038 380 susan.doubleday@raywhite.com
RWC Cairns raywhitecommercial.com
*Approx
1&2/345 Sheridan Street, Cairns North, 4870
High profile Sheridan Street Ground floor tenancy Light filled and spacious Separate offices plus inclusive working zones Separate reception, kitchen and staff room Ducted air conditioning 90sqm* close to Cairns International Airport Two under cover on site car parks Lease $18,076.62 + GST + outgoings per annum
Susan Doubleday 0408 038 380 susan.doubleday@raywhite.com Grant Timmins 0422 534 044 grant.timmins@raywhite.com
RWC Cairns raywhitecommercial.com
*Approx
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 Gross income - $352,150.64p.a. + GST 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 Sale $3,400,000
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.
667 Wynnum Road, Morningside, 4170
Freestanding commercial office with dual street frontage 599sqm* corner site 191sqm* building area over two levels LMR2 zoning with commercial approval by BCC in 2003 Potential development upside STCA 5 x onsite car parks (including 1 x PWD)
Sale Contact Agents
Marc Zietsman 0412 047 026 marc.zietsman@raywhite.com Josh Jones 0499 773 788 josh.jones@raywhite.com
RWC Gateway raywhitecommercial.com
*Approx. Outline indicative only.
4A/401 Milton Road, Auchenflower, 4066
Fitted-out 319sqm* medical space for lease Within Auchenflower's RiverCity Day Hospital Whole floor tenancy 8 Consulting rooms Ample on-grade and basement car parking Milton Road signage opportunity
Lease Price Upon Application
Franz Stapelberg 0430655676 franz.stapelberg@raywhite.com Chris Meyer (+61) 422585357 chris.meyer@raywhite.com
RWC Medical (QLD) raywhitecommercial.com
1808 Logan Road, Upper Mount Gravatt, 4122
Last 20% remaining - Mt Gravatt medical precinct Last tenancies available on level 3 Exclusive car parkings for specialists Medical tenancies available for sale or lease Signage opportunity on Logan Road Join over 18 medical specialists
Sale/Lease Large Incentives on offer
Franz Stapelberg 0430655676 franz.stapelberg@raywhite.com Chris Meyer (+61) 422585357 chris.meyer@raywhite.com
RWC Medical (QLD) raywhitecommercial.com
*Approx
27 Rodwell St, Archerfield, 4108
Freestander with drive through access and crane 1,380sqm* total gross floor area 2,174sqm* regular shaped corner allotment 711sqm* clear span warehouse with 7.9m height at apex 589sqm* office over 2 levels 80sqm* storage mezzanine General Industry A zoning
Lease
Maclay Kenman 0490 196 600 maclay.kenman@raywhite.com Dylan Thomas 0428 242 935 dylan.thomas@raywhite.com
RWC Milton raywhitecommercial.com
188 New Cleveland Road, Tingalpa, 4173
Tingalpa freestander 1641sqm* total area 143sqm* first floor office 1498sqm* warehouse 6m minimum internal height 4 x roller doors Solar system and 3 phase power Exclusive on site parking Lease
Maclay Kenman 0490 196 600 maclay.kenman@raywhite.com Stephen Ferguson 0412 803 244 stephen.ferguson@raywhite.com
RWC Milton raywhitecommercial.com
33&35-37 Redcliffe Parade, Redcliffe, 4020
Lease Contact Agent
Prime waterfront retail/office space with high exposure 950m2* NLA across two levels Open plan layout with multiple consulting rooms Air-conditioned throughout
542 Old Bay Road, Burpengary East, 4505
2.026ha* industry zoned land with DA for 8,888m2* Aaron Canavan 0447 744 948 aaron.canavan@raywhite.com Natasha Grima 0468 393 334 natasha.grima@raywhite.com
Expansive 2.026ha* parcel of industry-zoned Approval for 8,888m2* across six buildings Civil, hydraulic, structural & architectural plans
Internal male & female amenities + shower
Flexible design allowing for staged development
Abundant natural lighting
Immediate access to Bruce Highway
Ocean views from level 1
Chris Massie 0412 490 840 chris.massie@raywhite.com Aaron Canavan 0447 744 948 aaron.canavan@raywhite.com
Prepared draft strata plan RWC Northern Corridor Group
Immediate access to public transport
Sale
raywhitecommercial.com
RWC Northern Corridor Group
Located in high-growth area
raywhitecommercial.com
*Approx
1/33 Enterprise Street, Kunda Park, 4556
High exposure industrial shed with showroom & office space 235m2* shed + 123m2* mezzanine Street fronting showroom/office space 2 x internal bathroom amenities
Offers To Purchase $910,000 + GST (if applicable)
Emily Pendleton 0402 435 446 emily.pendleton@raywhite.com Bianca Jensen-Woof 0434 053 164
420 Tanawha Tourist Drive, Tanawha, 4556
Tenanted investment anchored by a BP service station Annual Net Income $393,636pa*
David Goldsworthy 0481 996 794
Building Area 873m2*
Michael Shadforth 0488 981 076
Land Area 3,402m2*
Samuel Hoy 0423 795 273
Electric container height roller door
BP service station on a new ten year lease
Air con throughout showroom & office space
Diverse, multi-tenanted investment
Solar system installed
Sale Contact Agent
Value add or redevelopment potential. RWC Northern Corridor Group
RWC Northern Corridor Group
raywhitecommercial.com
raywhitecommercial.com
356 Middle Road, Greenbank, 4124
Sale Contact Agent
Fuel and convenience centre - 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 - 4,588sqm • 1193sqm 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 • 13,000 Approx daily passing traffic • Strategically located in Greenbank high growth area • Potential to increase GFA or re-development to maximise income
1/16-18 Cinderella Drive, Springwood, 4127
Sale $5,350,000 (Going Concern)
Medical / pharmacy - multi tenanted investment Aldo Bevacqua 0412 784 977 aldo@rwcs.com.au
RWC Springwood raywhitecommercial.com
Lease Contact Agent
Corporate A-grade office in Springwood 500 sqm • Private data centre with redundant cooling and power • Dual independent fibre links • NBN connected to the building • 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, data room & archive room • Ducted air conditioning throughout • Full size modern kitchen • Spacious outdoor undercover eating area • Male & Female amenities • Security system in place • 13 Allocated basement car parking • Signage opportunity
90 Wembley Road, Logan Central, 4114
• Current net income $307,842.77 p.a. • Long term leases and tenants in place • Medical Centre and Pharmacy with new 5 year lease + 5 year option • 6 Tenants in total • Freestanding retail/office building over 2 levels • Building area - 924sqm • Land area - 2,036sqm • Ground floor area - 501sqm • First floor office area - 425sqm • New elevator recently installed • Building is fully compliant for disabled access • 30 On-site car parking spaces • Zoned Centre in the heart of bustling Logan Central • Potential to increase GFA or re-development
13/54-66 Perrin Drive, Underwood, 4119
Aldo Bevacqua 0412 784 977 aldo@rwcs.com.au
RWC Springwood raywhitecommercial.com
Sale Contact Agent
Corporate office entire floor 582sqm Aldo Bevacqua 0412 784 977 aldo@rwcs.com.au
RWC Springwood raywhitecommercial.com
• Total area 582sqm • Office with fit-out in place • Fully secure building with swipe card access after hours • Monitored security system • Ducted air-conditioning throughout • Ample on site parking • 27 car parks assigned (10 undercover) • Lift access to all floors • Walking distance to cafes • Just minutes from M1/Gateway and major arterial roads
Aldo Bevacqua 0412 784 977 aldo@rwcs.com.au
RWC Springwood raywhitecommercial.com
NSW | ACT
4 Maryborough Street, Fyshwick, 2609
Sale
Location, location, location 908m2* showroom 1,802m2* sized block Multiple bathrooms throughout tenancy
Frank Giorgi 0403 839 822 frank.giorgi@raywhite.com Piette Roberts 0484 947 693 piette.roberts@raywhite.com
Indoor and outdoor showroom spaces Air-conditioned offices High internal ceilings RWC Canberra
Free customer street-parking
raywhitecommercial.com
53 Young Street, Carrington, 2294
Sale 220m2* (building) 278m2* (land)
Versatile Carrington investment Strategic Carrington holding with diverse future repurpose/redevelopment potential^ Existing commercial tenancy at $46,800 pa Gross + GST
Lee Follington 0417 443 478 lee.follington@raywhite.com
Configured as a commercial kitchen with freezer and cool room facilities Zone R2 Low Density Residential Annual Outgoings Estimate: Council rates: $6,133.84* Water rates: $6,903* Insurance: $3,473.29* RWC Newcastle
raywhitecommercial.com
*Approx ^Subject to Approval
132 Penshurst Street, Willoughby, 2068
Sale Private Treaty Contact Agent
Demanding cornerpositioning | ground floor retail premises 325 sqm* Internal area 140 sqm* Undercover Outdoor Seating Area Demanding corner positioning
Scott Stephens 0434 341 001 scott.stephens@raywhite.com Logan Grisaffe 0403 916 433 logan.grisaffe@raywhite.com
Brand-new commercial kitchen Grease trap, exhaust and cool room Sold with vacant possession RWC Sydney North
Estimated Gross Income of $220,000 per annum + GST*
*Approx
raywhitecommercial.com
Level 1 North, 441 Kent Street, Sydney, 2000
Lease Area m2: 500 approx Rent $/m2: $650 Gross Rental PA: $325,000 Gross
The Carla Zampatti building Existing creative fit out in place Stylish front of house, exposed timber ceilings
Anthony Harris 0409 319 060 aharris@raywhite.com
Ironbark columns, large timber windows Floor fitted with approx 42 desks Basement parking, common showers and bike racks
RWC Sydney Office Leasing
raywhitecommercial.com
153-165 Parramatta Road, Concord, 2137
Expressions Of Interest Closing Wednesday 28 February 2024 at 3:00pm
Iconic Blue Chip investment with future upside • Lease to Hyundai Motor Group • Secure 10-year lease plus 7-year option until 2041 • Annual net income of $1,100,000 plus GST • Fixed 5% annual increases • Substantial site area of 5,960sqm* • Existing lettable area of 4,216sqm* • Existing improvements include showroom, offices, workshop, storage, café & amenities • Ample onsite parking • Highly desirable location with unparalleled exposure • Three street frontages with direct access to Concord Road & Parramatta Road • Incredibly Flexible Zoning E3 Productivity Support Allows for residential, retail & commercial uses
Peter Vines 0449 857 100 Victor Sheu 0412 301 582 Vee Li 0416 825 333
RWC Western Sydney
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 and 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
Kristian Morris 0411 415 297 kristian.morris@raywhite.com Con Magias 0414 414 482 con.magias@raywhite.com
RWC Sydney City Fringe raywhitecommercial.com
6A Sloane Street, Summer Hill, 2130
*Approx ^Subject to Council Approval
Sale Private Treaty
• Land area 183sqm* • Building area: 154sqm* • Zoned B2 Local Centre • The Ground Floor consists of a retail office leased to Ray White • A generous 3BR unit occupies part of the ground floor and all of level 1 • Fully leased potential income of $83,000* per annum • Potential to also occupy and/or add value (STCA) • Rear access and parking,
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
Sale Private Treaty
Mixed use leased investment with potential to value add
Mixed use investment - rear access & parking Key Highlights Include:
96 Audley Street, Petersham, 2049
Key Highlights Include: • B2 Local Centre zoning with shop top housing and boarding house permitted (STCA)^ • 158sqm* of land and 149sqm* of existing building over 3 levels • Current gross building area of 149sqm well under FSR: 2.2:1 and potential GBA of 347sqm (STCA)^ • Valuable special condition in commercial lease allowing the lessor to make further alterations & additions to the rear of the property (STCA)^ • Income producing from three tenants • Depreciation allowances available • Ground floor leased to The Counter Cafe • Rear lane access with parking via Abels Lane • Net passing income: $77,000 per annum*
*Approx ^Subject to Council Approval
Kristian Morris 0411 415 297 kristian.morris@raywhite.com
RWC Sydney City Fringe raywhitecommercial.com
VIC | TAS
33 Murchison Street, Marysville, 3779
Expressions Of Interest
Freehold & business for sale live that work-life balance dream today Total Land Area 1097sqm* Total Building Area 1046sqm*
Jarrod Peterson 0409 408 544 jarrod.peterson@raywhite.com
14 Fully Renovated / Air-Conditioned Motel Rooms Large 3 Bedroom Managers Residence Rooftop Alfresco Area & Private Rear Courtyard Café and Gift Shop with Liquor Licence RWC Ferntree Gully
Off Street Parking
raywhitecommercial.com
2&6/1014 Doncaster Road, Doncaster East, 3109
Two opportunities to occupy or invest in prime position Unit 2 | Vacant
Unit 6 | Leased
Building area | 63sqm*
Building area | 75sqm*
Modern fitout
Current rental | $24,750 pa net
2 car spaces on title
2 car spaces
Kitchenette, air conditioning
Kitchenette, air conditioning
Zoning | Commercial 1
Zoning | Commercial 1
Disabled access to Level 1
Disabled access to Level 1
Expressions Of Interest Price on Application
Brett Diston 0439 365 532 brett.diston@raywhite.com
RWC Diston Asset Services raywhitecommercial.com
*Approx
31/70-72 Cave Hill Road, Lilydale, 3140
More for your money Building area | 720sqm* Land area | 360sqm* 2 allocated onsite car spaces Zoning | Industrial 1 Shower and bathroom facilities Warehouse area with roller door access Air conditioned offices and meeting rooms Lease
Cameron Barber 0431 176 786 cameron.barber@raywhite.com Brett Diston 0439 365 532 brett.diston@raywhite.com
RWC Diston Asset Services raywhitecommercial.com
*Approx
SA | NT
Lot 1/187 Grenfell Street, Adelaide, 5000
Sale/Lease
High exposure commercial space of 441.50 sqm For Sale or For Lease • High calibre GF accommodation, with valuable exposure on SE corner Frome / Grenfell Streets. • Recently overhauled to provide a clean, open-space area, ready to utilise/fit-out. • Excellent natural light and high ceilings. • Ideal for showroom, office, food/hospitality, medical and many more. • 5 secure basement carparks with 24/7 access. • Outstanding CBD location close to Rundle St 'East End' cafes & restaurants, Adelaide Uni, Lot 5 Innovation Hub, Rundle Mall, and Hindmarsh Square. • Situated right on Adelaide's major east/west bus route. • Available immediately.
Tony Ricketts 0418827911 tony.ricketts@raywhite.com
RWC Adelaide Asset Management
raywhitecommercial.com
RLA 225073
9B Kensington Road, Norwood, 5067
Lease
Prime office/retail space 9B Kensington Road Norwood is now available to lease! Situated in the heart of Norwood, this property boasts a generous building area of 255 sqm, providing ample space for a variety of retail/office ventures. With its prime location, this property offers excellent visibility and easy access for both pedestrians and vehicles, ensuring maximum exposure for your business. The property has a flexible layout to suit a wide variety of uses and businesses (S.T.C.C.) and is in a highly desirable location with nearby shops, restaurants, and entertainment options, your business will thrive in this bustling neighbourhood. Furthermore, the property is conveniently located near major transportation routes and is less than 2 km from the Adelaide CBD.
Ian Lambert 0413 155 665 ian.lambert@raywhite.com
RWC Adelaide Asset Management
raywhitecommercial.com
RLA 225073
Western Australia
181 Adelaide Terrace, East Perth, 6004
High quality fitted premises Large fitted and furnished floors Contiguous stack of 3,253m2* Fitted space from 399m2* Level 2: 1,427m2 - High quality fitout, ready for occupation Level 3: 1,427m2 - High quality fitout, ready for occupation Level 4: 399m2 - High quality fitout, ready for occupation
Lease Contact Agent
Luke Pavlos 0408 823 823 luke.pavlos@raywhite.com
RWC WA raywhitecommercial.com
*Approx. Outline indicative only.
7 Thorpe Way, Kwinana Beach, 6167
A jewel in the heart of Lithium Valley Two Mirrored Tenancies (each 1,375m2) Land - 4,181m2 Strategically located in the heart of Lithium Valley Excellent, modern amenities 28 Car Bays (Including two bays for ACROD drivers)
Sale Refer to agent
Michael Danagher 0403 049 989 michael.danagher@raywhite.com Tom Jones 0478 771 117 tom.jones@raywhite.com
RWC WA raywhitecommercial.com
*Approx. Outline indicative only.
Level 3/160 St Georges Terrace, Perth, 6000
Whole floor tenancy with functional fit-out NLA 574m2* 5 secure underground bays Available immediately 3 Lifts servicing all levels Ground level food court and retail
Lease Contact Agent
Luke Pavlos 0408 823 823 luke.pavlos@raywhite.com
RWC WA raywhitecommercial.com
*Approx. Outline indicative only.
13 Colin Street, West Perth, 6005
Charming character on Colin Street Building area: 209m2* Land area: 564m2 Freehold Character Office Zoned "Office/ Residential" under Local Planning Scheme No.2 Plot ratio of 2:1 Opportunity to owner occupy, reposition or redevelop
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
*Approx. Outline indicative only.