Ray White Portfolio Magazine - March 2024

This month in Portfolio

As we begin to see sentiment shift and confidence return to the property market, we are proud to present the March edition of Portfolio magazine.

In this month’s edition, Ray White Head of Research Vanessa Rader investigates the retail market, and shares her forecast for the challenges and triumphs for retail assets during the year ahead.

RWC Property Management Business Development Executive Leteicha Wilson shares her insights into the importance of regular inspections. While not mandated for the commercial sector, Leteicha shares five reasons why commercial property inspections are essential.

Quick jump to a region

We also share a summary of last month’s Between the Lines Live webinar, where Vanessa hosted RWC (SC) managing director Samuel Hadgelias and Loan Market group executive Stephen Scahill to discuss the outlook for the commercial property market in 2024, while taking a deep dive into commercial financing. The next Between the Lines Live will take place on March 13, where Vanessa will be joined by HTL National Director for Accommodation Andrew Jackson, and Ray White Valuations Partner and Director Hotels and Leisure Adam Ellis.

James Linacre General Manager

QUICK JUMP TO A REGION

Is 2024 the year for retail?

VANESSA RADER

Ray White Head of Research

The retail sector has been in a state of limbo for a prolonged period. The threat of online shopping, the pandemic, and increases in vacancies hindering returns, all aided in putting retail on the backburner for many buyers. After a quiet 2023, with many vendors unable to accept the new levels of yield (after the lows achieved during the pandemic thanks to cheap finance and increased buyer pool), 2024 has commenced with a flurry of sales at refreshed yield levels which may signal a revitalisation of activity for the asset class.

Stockland Nowra was one of the latest sales with a reported yield at around eight per cent. This is far from the 6.5 per cent capitalisation rate attributed to their FY23 valuations which was even lower in prior years. With a sale price expected to be more than $10 million less than the current book value, is now the time for many private investors to take advantage of sellers’ revised expectations?

Online retail trading

Online retail trading has been considered one of the major reasons for the change in sentiment surrounding retail property, despite returns already showing declines prior to its growth in popularity. Online retailing saw significant increased traction during 2017-2019 causing many retail asset owners concern, with retailers contracting space requirements and rethinking their bricks and mortar strategy. Upon the onset of COVID-19, lockdowns and other trading roadblocks made it particularly difficult for the retail sector, fuelling the swift upward trend in online retailing, both for food and non-food items. This upward trend catapulted the online phenomenon, however, the low cost of finance and competition between eager investors saw yields remain low despite these shifting fundamentals and, in turn, investment returns again improved. With the exception of stimulus such as “Click Frenzy” events including “Black Friday” and “Cyber Monday” causing online rates to surge (notably November), the overall level of online trade has stabilised, providing greater confidence around how retail, in particular centres, can reposition and move forward.

Online retail trading

(%) by retail type

As the retail sector continues in this state of restructure, the rise in finance costs has considerably impacted the demand to purchase and what the acceptable yield level is for both vendors and purchasers. For retailers, the last few years have been a time to consider their online platform, question their need for a physical presence, and rethink their overall offering. Looking internationally for some direction, including the use of AI and automation, Australian retailers are still grappling with what the ideal template is, particularly given inflationary pressures tightening the belt of many Australians.

While online pressures may have moderated, overall sentiment towards retail continues to be down, uncertainty has caused rising vacancies and for some markets this has translated into broader pressure on rents and incentives lowering income returns. This trend has been a feature of the market over the last 12 months and there are expectations of further falls into negative territory for all centre types in 2024. With book values anticipated to continue to fall, we expect to see 2024 to be the year for retail, with greater assets coming to market and private investors taking up the challenge of repositioning assets in this new landscape.

Experts discuss outlook for commercial property market

More than 260 people tuned into RWC’s first Between the Lines Live webinar for 2024, where a panel of experts discussed the outlook for the commercial property market in the year ahead.

Ray White head of research Vanessa Rader hosted the webinar, and was joined by RWC (SC) managing director Samuel Hadgelias and Loan Market group executive Stephen Scahill who took a deep dive into commercial financing, and understanding the banks and institutions’ appetite for lending in this current market, including second tier lending.

Mr Hadgelias said there were two words which described the 2023 commercial property market - challenging and inconsistent.

“There was a lot of uncertainty around interest rates and inflation was high,” he said.

“We had a lot of people who were interested in purchasing but struggling to get finance.

“People weren’t sure what to do, and when they’re not sure they tend to do nothing and wait and see.

“Despite the challenges though, we still saw some outstanding results in the market.

“As we head into 2024 already we’ve seen the sentiment change, there is more optimism and excitement from people.

“I think we’re going to see an increase in those transaction numbers and volumes as we head through 2024.”

Mr Scahill said the journey through 2023 wasn’t linear, with most of the action coming from the tail end of the year.

“After 13 consecutive rate rises people were sitting on their hands,” he said.

“But I think we’ve reached the end of the rises now and our brokers have reported the sentiment has already started to change.”

Ms Rader asked what the experts saw in the outlook for development sites in 2024.

“We’re getting daily reports around a lack of stock and a growing population and there’s a sense of urgency for these residential developments,” Mr Hadgelias said.

“Development sites had a rough few years and it was mostly a feasibility issue.

“If those construction costs continue to stabilise a little bit I think we’ll start to see a few more projects get off the ground this year, and more transactions come to market.”

Mr Scahill said there was some appetite from lenders.

“The appetite from the banks is for high quality projects in good locations, with developers who have a track record for delivering projects,” he said.

“There are also a range of non-bank lenders who are pushing hard in that space due to the amount of opportunities they’re seeing.”

Mr Hadgelias said he believed demand for alternative assets would remain throughout 2024.

“It’s such a broad category which includes so many different types of assets,” he said.

“With the current housing crisis, I have seen an uptick in demand for boarding houses. I’m marketing one at the moment and interest has been huge, once upon a time those assets were hard to shift.

“There is still a demand for childcare but we are seeing areas now which are starting to get oversupplied. I think it will be popular but it will be area specific.”

He said the biggest opportunities this year would come from any asset which had the opportunity to manage risk.

“For example, people love unit blocks and they still transact on strong cap rates,” he said.

“Vacancies are often quite low, but you have the opportunity to strata them and sell them down, or the opportunity to redevelop.”

When looking for finance, Mr Scahill said there was plenty of opportunity, it was just a matter of shopping around.

“It’s less property specific, and more about finding the right lender with the right appetite,” he said.

“Not everyone views each asset the same, it’s good to shop around and see what terms you can attract.”

The essential role of routine inspections

LETEICHA WILSON

RWC Property Management BDE

In the realm of commercial real estate management, the significance of routine inspections can’t be overstated. While not legally mandated like their residential counterparts, these inspections play a crucial role in safeguarding the interests of both property owners and tenants. It’s worth noting that although routine inspections are not legislatively required, there may still be obligations for a managing entity to conduct them if their agency agreements stipulate that it’s part of their service offering. Let’s delve into five compelling reasons why formally documented routine inspections are indispensable for effective commercial asset management.

1. Ensuring lease compliance and property maintenance

Routine inspections serve as a cornerstone of lease compliance by ensuring tenants fulfil their obligations regarding property maintenance and repair. Property managers can verify that tenants are maintaining the property in good condition, addressing maintenance issues promptly, and adhering to safety regulations. By identifying and addressing potential maintenance issues early on, property managers preserve the value of the property and mitigate the risk of larger problems arising in the future.

2. Proactive identification and mitigation of potential risks and liabilities

Routine inspections enable proactive identification and mitigation of potential risks and liabilities associated with the property. By assessing the property’s condition and safety features, managers can identify hazards or deficiencies and take corrective actions promptly. Proactively mitigating risks through inspections minimises the likelihood of costly incidents, legal disputes, and reputational damage, safeguarding the property’s long-term viability and profitability.

3. Facilitating insurance claims and risk management

Formally documented routine inspections serve as crucial evidence to support insurance claims in the event of property damage. Detailed inspection reports provide a comprehensive

record of the property’s condition, expediting the claims process. Proactive risk management through inspections helps identify potential hazards or liabilities, allowing property managers to take corrective actions to enhance safety and security.

4. Building rapport with tenants and fostering positive relationships

Beyond compliance monitoring, routine inspections provide an invaluable opportunity for property managers to engage with tenants on a personal level. Building rapport with tenants fosters positive relationships and creates a sense of trust and transparency. By demonstrating a genuine interest in tenant well-being and promptly addressing concerns, property managers strengthen tenant satisfaction and retention. Regular communication during inspections fosters a supportive and collaborative environment between landlords and tenants.

5. Identifying opportunities for property enhancement and value optimisation

Routine inspections present an opportunity for property managers to identify areas for property enhancement and value optimisation. By monitoring the property’s condition and amenities, managers can pinpoint opportunities for upgrades or renovations that enhance attractiveness and competitiveness in the market. Proactive identification of improvement opportunities maximises the property’s potential value and appeal to prospective tenants or buyers.

Routine inspections are a fundamental aspect of effective commercial asset management, offering multifaceted benefits. By prioritising formally documented inspections, property owners and managers can protect their investments, enhance tenant satisfaction, and optimise the performance of their commercial portfolios.

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.

RWC SYDNEY CITY FRINGE

ROCKDALE, NSW

Landmark 503 sqm retail corner site at Rockdale’s busiest intersection with 3 street frontages

RWC CENTRAL COAST

ERINA, NSW

The most ultra modern commercial building to hit the Central Coast; cross laminated timber construction and designed to be completely off the grid by way of solar and battery power

RWC BAYSIDE

WELLINGTON POINT, QLD

Purpose-built single-level retail building with 716 sqm* NLA across five tenancies set on a high profile 2,218 sqm* lot with 40m* main road frontage and a large on-grade car park

RWC SC

BALGOWLA, NSW

DA approved industrial kitchen with longstanding business on secure lease in the food industry

Queensland

18/145 Racecourse Road, Ascot, 4007

Brand new 5 year lease

This is an exceptional entry level leased investment opportunity in one of the most prestigious suburbs in Brisbane. A well presented 52sqm* tenancy with a new five (5) year lease with a five (5) year option until 2034.

•Secure 5 year lease plus 5 year option to January 2034

•Fixed 4% annual rent increases

•Tenant pays 100% outgoings

•Well presented 52sqm* ground floor tenancy

•Located at the top of one of Brisbane’s premier high streets

•Net Income: $52,000 per annum plus GST Contact Michael McCullagh for a comprehensive information memorandum.

Auction

21 March 2024 at 3:00pm

In room - Level 26, 111 Eagle St, Brisbane CBD

Michael McCullagh

0403 426 474

mmccullagh@raywhite.com

RWC Queensland

raywhitecommercial.com

350 Old Cleveland Road, Coorparoo, 4151

Auction

21 March 2024 at 3:00pm

Level 26, 111 Eagle St, Brisbane CBD

Deceased Estate: Mixed use development site

350 Old Cleveland is an exceptional development opportunity in a high profile position with exposure to over 42,000^ passing vehicles daily. The current Brisbane City Plan allows for a maximum building height of six (6) storeys with a range of potential uses including healthcare, retail, residential, office, and education.

Key highlights:

•971sqm* site area with 20m street frontage

•Zoning: MU3 Mixed Use (Corridor)

•Maximum Building Height: 6 storeys (STCA)

•Various potential uses including: healthcare, residential, childcare, office, retail, education

•Adjacent to medical centre, medical specialists, pharmacy

Contact Michael McCullagh for a comprehensive information memorandum.

Michael McCullagh

0403 426 474

mmccullagh@raywhite.com

RWC Queensland

raywhitecommercial.com

32 Hawkins Place, Emerald, 4720

Auction

21 March 2024 at 3:00pm

In room - Level 26, 111 Eagle St, Brisbane CBD

Leased to multinational tenant

The property presents as a well established industrial investment opportunity tenanted by a multinational company. Occupying a regular shaped 3,778sqm* site with a renewed three year lease committed until December 2026 plus a three year option.

Key investment highlights:

•Secure 3 year lease until December 2026 plus three year option to December 2029

•Fixed 4% increases

•Tenant pays 100% outgoings

•3,778sqm* freehold training facility which supports adjoining regional HQ

•Net Income: $105,000 plus GST per annum

Contact Michael McCullagh for a comprehensive information memorandum.

Michael McCullagh

0403 426 474

mmccullagh@raywhite.com

RWC Queensland

raywhitecommercial.com

127 Link Road, Victoria Point, 4165

Auction

21 March 2024 at 3:00pm.

In room - Level 26, 111 Eagle St, Brisbane CBD

Value-add medical investment

The property is a multi-tenanted value add medical investment ideal for an owner occupier or investor looking for repositioning, rent reversion, or adaptive reuse potential.

•Six tenancies with a complementary mix of medical and allied health

•Anchored by Blue Cross Family Doctors

•Net Lettable Area: 416sqm*

•Land Area: 1400sqm*

•Zoning: Neighbourhood Centre

•40m* Street frontage

•21 on site car parks

•Strong income growth potential

Contact Michael McCullagh for a comprehensive information memorandum.

Michael McCullagh

0403 426 474

mmccullagh@raywhite.com

RWC Queensland

raywhitecommercial.com

50 Gladstone Benaraby Road, Toolooa, 4680

Freehold industrial building

5,764*sqm of land

5*km from the city

Vacant possession

Underroof 960*sqm

Low-maintenance building

Suits owner-occupier investor

East access to north and southbound

Emilio Ciavarella

0422 080 051

emilio.ciavarella@raywhite.com

RWC Burleigh Group

raywhitecommercial.com

34A Eiser Street, Toowoomba, 4350

Expressions Of Interest Offers To Purchase

Exclusively listed with Nathan Huxham and Ryan Langham

Big4 holiday park portfolio sale

Nathan Huxham and Ryan Langham are super excited to bring you an outstanding opportunity to acquire multiple parks in one line. This asset class has come in high demand in recent years and only a handle full of these privately own parks are still available on the East coast of Australia.

•Strong current and forecasted cashflow

•140+ mix of sites and cabins

•Fantastic market rate ROI

•Multiple parks on offer

•Market rate ROI

•QLD locations

•Further value add potential

Nathan Huxham

0403 583 306

nathan.huxham@raywhite.com

Ryan Langham

0420 581 164

ryan.langham@raywhite.com

RWC Burleigh Group

raywhitecommercial.com

74

Owners seeking lifestyle change - vacant possession

Rare freehold opportunity

Tightly held Currumbin Waters industrial precinct

Peter

Matt Taylor

Recently renovated office/reception

Surrounded by national tenants

Easy access to the Pacific Motorway

Absolutely will be sold do not miss out

raywhitecommercial.com

1/37 Musgrave Avenue, Labrador, 4215

High profile vacant investment opportunity in Chirn Park - must be sold

Partial restaurant fit-out

Shop area 135m2*

Trendy Chirn Park location

Entry level commercial premises

May suit owner operator or investor

Vendors have relocated and must be sold

Auction

Thu 14 March at 11am

Gold Coast Turf Club, Bundall

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

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

RWC Gold Coast

raywhitecommercial.com

365 Saint Pauls Terrace, Fortitude Valley, 4006

Irresistible restaurant space in the heart of Fortitude Valley

Ground floor of prestigious Coterie Apartments

Access to a customer base of 1200+ apartments

Total of 613sqm is divided into two titles

Main level 432sqm with historical bakers kitchen

114sqm mezzanine level for exclusive functions

Ample storage and large cold room

Lease

Grant Turner 0457 766 812

grant.turner@raywhite.com

Christine Freney 0417 757 645

christine.freney@raywhite.com

RWC CSR

raywhitecommercial.com

69-75 Talinga Drive, Park Ridge, 4125

22,000m2 + of emerging community zoned land right next to a childcare

Flood free, flat parcel of land

Opposite to upcoming Residential subdivision

Massive growth in terms of suburb population/profile

No problematic overlays that would impact development

Sid Arora 0469 831 089

sid.arora@raywhite.com

RWC CSR

raywhitecommercial.com

2-20 Hofmann Drive, Noosaville, 4566

Expressions Of Interest

Closing 22 March 2024

The last major land holding in Noosa

Greenfield 35,760m2* level land parcel - two lots

Dual access, 300m* street frontage

Multiple zoning - NBC Showroom, NBC Business Park

Central location next to Noosa Civic shopping centre

Opposite "Noosa Civic Medihub" 2,170m2* medical

Adjacent "Noosa Health Precinct" 3,800m2* medical

Josh Harris

0452604478

josh.harris@raywhite.com

David Brinkley

0448 594 361

david.brinkley@raywhite.com

RWC Noosa & Sunshine Coast

raywhitecommercial.com

43 Daintree Drive, Redland Bay, 4165

3 modern tilt slab units with fully-fitted mezzanines & allocated parking

Container-height roller door

Fully-fitted mezzanine office space

3-phase power capabilities

Disability-compliant amenities

Allocated car parking

Secure gated complex

Vacant possession

Sale Units from $1,060,000^ + GST

Hugh Fletcher

0429 583 765

hugh.fletcher@raywhite.com

Nathan Moore

0413 879 428

nathan.moore@raywhite.com

RWC Bayside

raywhitecommercial.com

25&26/79 Abbott Street, Cairns City, 4870 Lease

Tourist and local hot spotOrchid Plaza Shopping Centre

High profile dual tenancy on the Abbott Street entry to Orchid Plaza. Sought after location with high levels of passing foot traffic.

•Sought after central CBD location

•Glass frontage to Abbott Street and inside Plaza

•Suitable for various retail businesses

•Very reasonable rental and lessor incentives

Right in the CBD of Cairns, next to Woolworths, banks, major retailers, casino, hotels and all amenities. Close to court, police, centrelink, other Government offices, Rusty's Market, lots of restaurants, cafes and entertainment venues nearby.

Helen Crossley

0412 772 882

helen.crossley@raywhite.com

Grant Timmins

0422 534 044

grant.timmins@raywhite.com

RWC Cairns

raywhitecommercial.com

451-455 Ruthven Street, Toowoomba City, 4350

Offers To Purchase

Building Area: 1,764sqm*

Land Area: 1,144sqm*

One of Toowoomba CBD's most unique buildings

RWC Toowoomba is proud to present to the market

451-455 Ruthven Street, Toowoomba City, an exceptional property offering a unique opportunity to own prime office space in a highly sought-after location.

The property features a range of office and retail amenities, including a cafe, perfect for enjoying a quick break or hosting informal meetings. The well-designed office and retail spaces are laid out to maximise work flow integration.

Whether you are looking to expand your business or invest in a lucrative opportunity, this property offers endless possibilities. Don't miss out on the chance to own this exceptional office building in a prime location.

Peter Marks

0400 111 952 peter.marks@raywhite.com

Brian Doyle

0434 551 628

brian.doyle@raywhite.com

RWC Toowoomba

raywhitecommercial.com

277 Flinders Street, Townsville City, 4810

Expressions Of Interest Circa $1,250,000

Tenanted commercial investment property

Three storey air-conditioned retail building

525sqm NLA on 508sqm of land

Configured as four tenancies

Current net income $61,653 p.a*

Zoned Principal Centre CBD

5 x onsite car parks

Graeme Russell 0448 410 067

graeme.russell@raywhite.com

Adrian Pascoe 0417 622 240 adrian.pascoe@raywhite.com

RWC Townsville

raywhitecommercial.com

1-6/32

6

Approved mezzanines

Self

Roller

NBN Ready

Sale/Lease

Jack

Jared

RWC

1/55

133sqm*

5

Currently

Prime

Motivated

Sale

Ben

90 Wembley Road, Logan Central, 4114

Contact Agent

Fuel and convenience centre with 4 tenants and big

•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

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

RWC Springwood raywhitecommercial.com

2/3363 Pacific Highway, Slacks Creek, 4127

•Total area - 729sqm

• Warehouse - 421sqm

• GF Showroom - 154sqm

• First floor offices - 154sqm

• HIK Vision security system with face recognition and cloud recording

•

•

• 2

•

•

•

•

•

Sale $5,350,000 (Going Concern)

•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

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

RWC Springwood raywhitecommercial.com

Lease $148,000 PA Net + GST + Outgoings

1/16-18 Cinderella Drive, Springwood, 4127

Corporate "A" grade office in Springwood 500sqm

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

•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

• Ducted air conditioning throughout

• Full size modern kitchen

• Spacious outdoor undercover eating area

• Male & Female amenities

• Security system in place

RWC Springwood raywhitecommercial.com

• Data room & archive room

• 13 Allocated basement car parking

Lease

Contact Agent

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

RWC Springwood raywhitecommercial.com

Sale/Lease Contact Agent

356m2*

264m2* warehouse/office + 92m2* mezzanine

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

RWC

• 6,295m2* general industry zoned site

• Brand new 3,100m2* office/warehouse facility comprising of 2,700m2 warehouse and 400m2 split level corporate office/showroom area

• Clear-span warehouse areas with access via 9 container height roller doors

• Expansive rear hardstand area for on-site truck turning & manoeuvrability

• A short drive to the multi-directional Bruce Highway Interchange

• Rare opportunity to lease or buy a high quality asset in a severely undersupplied market

• Located in one of the fastest growing catchments in Queensland

• Strategically located between Brisbane & the Sunshine Coast

Troy Sturgess 0432 701 600 troy.sturgess@raywhite.com

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

RWC Northern Corridor Group raywhitecommercial.com

Bianca

0434 053 164

NSW | ACT

89-91 Dartbrook Road, Auburn, 2144

Auction

Thu 21 March 2024 at 10:00am (AEDT)

Ray White Corporate Office, Level 7, 44 Martin Place, Sydney

Freehold unit block with development upside^

8 x 2-bedroom tenanted units to be sold in-one-line

Rental Income of $187,200 per annum*

Land Size: 923sqm*

Zoned R4: High Density Residential

Floor Space Ratio (FSR): 1.7 : 1^

Height of Building: 18m^

Future rental, repositioning or development upside^

Samuel Hadgelias 0480 010 341

Leslie (Yifu) Li 0403 261 752

Liam Regan 0488 542 600

RWC SC

raywhitecommercial.com

158A-162 Crown Street, Darlinghurst, 2010

Expressions Of Interest

Closing Thu 7 March 2024 at 12pm (AEDT)

Fully leased (medical covenant) - corner building with development upside^

Building area - 355m2*

Multi-level commercial building

Fully leased to reputable, long standing tenants

3 street frontages for prime exposure

Zoned R1 - General residential

Samuel Hadgelias 0480 010 341 shadgelias@raywhite.com

Nick Ward 0433 702 903 nick.ward@raywhite.com

RWC SC

raywhitecommercial.com

15213 Hume Highway, Marulan, 2579

Expressions Of Interest

Closing Thu 14 March 2024 at 12pm (AEDT)

Southern Highlands gateway development site^

Site area - 500 acres*

Existing house with rental income

Mixed zoning - C3 and RU2

Vacant possession

Last undeveloped town before Goulburn

Baxter van Heyst 0447 113 025

baxter.vanheyst@raywhite.com

Samuel Hadgelias 0480 010 341

shadgelias@raywhite.com

RWC SC

raywhitecommercial.com

42 Union Street, McMahons Point, 2060

Auction

Thu 21 March 2024 at 10am (AEDT)

Ray White Corporate Office, Level 7, 44 Martin Place, Sydney

Reduced price guide - fully leased boarding house with upside^

Owner instructs sale

Land Area - 306sqm*

Internal Area - 322.5sqm*

16 x boarding house rooms

2 x basement car spaces (on separate title)

Passing gross rental income of $192,920 per annum*

Zoned R3: Medium Density Residential

Samuel Hadgelias 0480 010 341 shadgelias@raywhite.com

Leslie (Yifu) Li 0403 261 752 leslie.li@raywhite.com

RWC SC

raywhitecommercial.com

449 - 451 Victoria Road, Gladesville, 2111

Auction

Tue 19 March 2024

50 Margaret Street, Sydney NSW 2000

Premier freehold investment Veterinary Hospital

Land Area: 1,290sqm*

Net Lettable Area: 875sqm*

Parking for up to 19 cars

Estimated Net Income of $260,000 per annum+ GST*

Tenant pays all outgoings

Site trading as veterinary hospital for 65 years*

Existing tenant on a new 5-year Lease + 5-year option

Scott Stephens 0434 341 001 scott.stephens@raywhite.com

Logan Grisaffe 0403 916 433 logan.grisaffe@raywhite.com

RWC Sydney North

raywhitecommercial.com

22 Spit Road, Mosman, 2088

Auction 26 March 2024

Auctionworks

50 Margaret Street Sydney NSW 2000

Commanding Mosman building | Freehold opportunity

Land Area | 425 sqm*

Net Lettable Area | 765 sqm*

National tenant Anytime Fitness in first floor tenancy

Dual access to Spit Road and Hordern Lane

Passing semi-gross income of $182,144 p.a + GST*

Scott Stephens 0434 341 001

scott.stephens@raywhite.com

Frank Bird

0417 427 310

frank.bird@raywhite.com

RWC Sydney North

raywhitecommercial.com

696 , 700 & 706 Military Road, Mosman, 2088

Expressions Of Interest

Closing Wed 13 March 5:00pm

Mosman's best development site

Land Area: 1,286sqm*

Over 36m* frontage to Military Road

Substantial development potential (STCA)

Generous height and FSR Controls

Estimated Gross Income of $1,016,299 pa + GST*

Scott Stephens 0434 341 001 scott.stephens@raywhite.com

Tim Abbott 0425 285 833 tim.abbott@raywhite.com

RWC Sydney North

raywhitecommercial.com

126-134 Riverside Drive, Tumbulgum, 2490

Iconic waterfront

NSW Tavern

Exceptional revenue with very little marketing spend

Bistro, bar, bottle shop, event & functions

Sold as going concern Business & Freehold

Gaming license for 10 machines

Outdoor kids play area

On site street parking

Magnificent views

Nathan Huxham

0403 583 306

nathan.huxham@raywhite.com

Ryan Langham

0420 581 164

ryan.langham@raywhite.com

RWC Burleigh Group

raywhitecommercial.com

2/414-418 Pitt Street, Haymarket, 2000

Fitted 191sqm* strata-titled office suite

Existing reception, main offices & storage space

Lock up garage for up to 6 cars

Bright natural light with Pitt Street view

On floor utilities include kitchenette

On-site building management, gym & pool facilities

Recently renovated main lobby and lift

Close to Central Station, World Square & Chinatown

John Skufris

0414 969 221 j.skufris@rwcss.com

Domenic Severino

0416 000 339 d.severino@rwcss.com

RWC South Sydney

raywhitecommercial.com

187-189 John Street, Lidcombe, 2141 Sale Private Treaty

Food distribution facility

4,090sqm with drive through access

Key highlights include:

•High-quality food distribution facility close to Flemington markets and major arterial roads

•Full semi-trailer drives through access from John St to Frances St

•Warehouse contains various freezers, chillers, and dry storage components

•Two levels of office accommodation with a retail/sales showroom on the ground floor

•Large awning covers the majority of loading bays to fit eight containers whilst maintaining drive-thru access

•Site area 4090sqm, warehouse 2045sqm, office 642sqm

Kristian Morris

0411 415 297

kristian.morris@raywhite.com

Kamal Silwal

0430322459

kamal.silwal@raywhite.com

RWC Sydney City Fringe

raywhitecommercial.com

Lot 4/96 Rickard Road, Leppington, 2179

Unique development opportunity situated opposite Leppington shopping village

•Boutique site area of 5,835sqm*

•Corner position

•Zoned B7-Business Park

•Concept DA Consent endorsed by council for Hotel, Food & Drink Premises, Medical Facilities & Office/Business Buildings

•Height Limit: 24m

•Substantial investment paid by the vendor for the services connection & road works

•Set to benefit from the new Leppington Town Centre Plan, proposed R4 zoning, HOB 30m & 2:1 FSR^

•Moments from future Western Sydney Airport, driving substantial investments in surrounding infrastructure, jobs, education & economic growth

Expressions Of Interest

Closing Wed 20 March 2024 at 3:00pm

Peter Vines 0449 857 100

Victor Sheu 0412 301 582

Troy Wang 0433 051 020

RWC Western Sydney

raywhitecommercial.com

34 Yass Road, Queanbeyan, 2620

Sale

$3,150,000 excl. GST

Quality in Queanbeyan

Multi-use site; offices, warehouse and retail/showroom

Total floor area of 1,025m2

Option to split into three tenancies

3x roller doors

3-phase power

Well-presented building with enormous potential

Prime location on Yass Road

Piette Roberts

0484 947 693

piette.roberts@raywhite.com

Daniel McGrath

0411 140 523

daniel.mcgrath@raywhite.com

RWC Canberra

raywhitecommercial.com

VIC | TAS

Suit 9%+ buyers | high yielding industrial facility

•Current rental | $880,000 p/a net

•206m* of Corner Exposure

•Prime Industrial landholding | 9,300m2*

•Total building area | 4,070m2*

•High warehouse clearance up to 10.8m*

•High power supply - 400 amps

•8x roller doors, 3x overhead cranes

•Concrete Batching Plant along with auto delivery system into warehouse

•Securely gated and fenced with 3x existing crossovers

•Invest Now, Occupy / Develop in the Future (STCA)

•Industrial 1 Zone (IN1Z))

Theo Karkanis 0431 391 035

George Ganavas 0478 634 562

George Kelepouris 0425 798 677

RWC Oakleigh

raywhitecommercial.com

Mixed-use marvel

•Total building area | 240m2*

•Total land area | 200m2*

•Two level commercial building with 2x car spaces

•Comprising of a retail/office, 2x Two Bedroom apartments plus separate commercial studio / storage

•1x title, separately metering & access

•Suits investors / owner occupiers

•First time offered in 40* years

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

Tom Carroll 0410 698 033 tom_carroll@raywhite.com

RWC Oakleigh

raywhitecommercial.com

1324 Heatherton Road, Noble Park, 3174

Auction

On site & online

Thu 21 March 2024 at 12:00pm

Medical clinic opposite South Eastern private hospital

•Total Building Area | 220m2*

•Total Land Area | 645m2*

•Five (5) private consulting rooms

•Modern reception desk with an open-plan waiting area

•Separate staff kitchen and amenities, outdoor courtyard, and large storage shed

•Reverse cycle air conditioning and heating

•Ample on-site parking for Ten (10) cars

•Medical permit for three (3) practioners

•Zoning | GR1Z (General Residential Zone 1)

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

Tom Carroll 0410 698 033 tom_carroll@raywhite.com

RWC Oakleigh

raywhitecommercial.com

38 Manton Road, Oakleigh South, 3167

Auction

On site & online

Wed 27 March 2024 at 12:00pm

Dynamic duo | two investments on one title

•Total land area | 1,726m2*

•Total building area | 1,166m2*

•Two properties on one title

•Two tenancies with attractive lease covenants

•Current combined income | $201,000 p/a net

•Tenant pays all outgoings including Land Tax

•Impressive frontage of 40m*

•Individual driveways with allocated parking

•Industrial 1 Zone (IN1Z)

Ryan Amler

0401 971 622

ryan.amler@raywhite.com

George Ganavas

0478 634 562

george.ganavas@raywhite.com

RWC Oakleigh

raywhitecommercial.com

2/71 Rushdale Street, Knoxfield, 3180

Sale

Contact Agent

430sqm of warehouse or factory space in the heart of Knoxfield

Total building area 430sqm*

Spring height 5.3m* / 4.9m* clearance roller door

Kitchenette & male & female toilet facilities

Reception / showroom & office spaces

Three phase power

Six parking spaces

Industrial 1 Zone (IN1Z)

Mitch Rosam 0402 355 805 mitch.rosam@raywhite.com

Jarrod Peterson 0409 408 544 jarrod.peterson@raywhite.com

RWC Ferntree Gully

raywhitecommercial.com

High performance investment w/ international tenant

This well-maintained office space in a prestigious business park offers modern functionality and essential amenities, making it an attractive investment for discerning investors and potential owners.

Key Features:

•Currently generating $48,053* plus outgoings plus GST

•A secure 3-year lease in place until June 2026

•Annual 3.5% rental increases, 6-month security deposit

•110m2* fully fitted office space, meticulously designed for efficiency

•4 on-site parking spaces, complemented by ample visitor parking.

•Access to key roads like the M1 Freeway, Princes Highway, and Eastlink.

Sale Tenanted investment

Ryan Trickey 0400 380 438 ryan.trickey@raywhite.com

Will Jonas 0422 883 011 will.jonas@raywhite.com

RWC Glen Waverley

raywhitecommercial.com *Approx

77 Gateshead & 301-307 Stud Road, Wantirna South, 3152

Rare infill site next to Westfield Knox

The corner allotment encompasses five individual lots, an elevated, development-friendly 3,799m2.

The Residential Growth Zoning (RGZ) is highly sought after and allows for multiple existing strategies.

Given the density of local lot sizes, re-creation would be nearly impossible.

•Sale by Expression of Interest exclusive to RWC Glen Waverley.

•Corner site with 130m* of frontage

•Service lane running the length of the western development envelope

•5 Established dwellings with short-term lease (10 months or less)

•Current collective income $145,911*

at 1pm

15 March

Ryan Trickey 0400 380 438 ryan.trickey@raywhite.com

Will Jonas 0422 883 011 will.jonas@raywhite.com

Western Australia

Prime commercial & residential development site

Land area: 607m2*

Cleared and ready for development

High density development site

Strategically located near Royal Street, Parkland and Perth CBD

Sale $1,450,000

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

Daniel Abisedon 0419 563 585 daniel.abisedon@raywhite.com

RWC WA

raywhitecommercial.com

23 & 26 Sharpe Avenue, Karratha, 6714

Commercial investment

Three ground floor, commercial strata units

Offer No.1 is lot 178, 26 Sharpe Avenue

Offer No 2 is lot 179, 26 Sharpe Avenue

Offer No 3 is lot 180, 26 Sharpe Avenue

Sale $740,000, $840,000 & $2,450,000

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

3/26 Eastbrook Terrace, East Perth, 6004

Area: 494m2* (NLA)

Two secure basement tandem car bays (four car bays total)

Stunning outlook over Tea Tree Lagoon

Exclusive balcony areas of 69m2* (north) and 91m2* (south) Sale

vacant possession (suitable for owner occupiers)

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

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

33 & 39 Prindiville Drive, Wangara, 6065

Two

Strong

development sites - buy one or both

Sites of 22,955m2* and 10,550m2* - combined 33,505m2*

Zoned ‘Special Use’ (SPU-5) multiple uses supported

Ideal

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

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

New Zealand

Unit8,33 Watts Road, Sockburn,Christchurch

Sale DeadlineSaleClosingWed20 March2024at4pm (unlesssoldprior)

Immaculatewarehouseoccupyorinvest

Welllocated,immaculate warehouse/office unitwith goodwideaccessandparking. Locatedbetween BlenheimRoadandMainSouthRoad,handytothe Sockburnroundaboutsohasgoodlinkagestomain arterialroutestoservicethecityfrom. Advantagedby beingtheendunitwithasunny,northwesterlyaspect,is shelteredfromtheeasterly,hasacontainerheightroller doorand8onsitecarparks(sevenallocatedplusonein fencedyardareatothesideofthebuilding).Warehouse withhighandlowstudheightsof237m2*,ground floor office/showroom/amenities areaof153m2*, firstfloor office of153m2*plusamezzanineof78.5m2*.Total buildingareaof621.5m2*. NBS74%.Rackingand forklift availableby negotiation.

VictoriaMuirhead

+64272555967

victoria.muirhead@raywhite.com

RWCChristchurch

raywhitecommercial.com

568WairakeiRoad,

Investment

fullyleasedto2tenants

On offer isthisinvestmentpropertywithalltheright ingredients. Welllocatedinthepopularnorthwestonahigh profile site fronting busyWairakeiRoadandbeingincloseproximitytothe Christchurch International Airport.Largelandareaof1,087m2* providesgoodyardandcarparking(10*).Fullyleasedto2tenants, providesgoodspreadofriskandatotalrentalof$96,500pa+GST net.Advantagedbyhavingdualstreetaccess,providingthe convenienceofdrive-thruentryandexit. Thepropertycomprisesof firstflooroffices 143.26m2*,ground flooroffice 97.16m2*, amenities 34m2*andwarehouse/showroom316.87m2*. Totalbuildingarea 591.29m2*. Thispropertywouldbeagreat addition toyour investment portfolio. The neighbouringtenantedpropertyisalso availableforsale,whichcanbepurchasedtogetherorseparately.

Sale DeadlineSaleClosing Wed20March2024at 4pm (unlesssoldprior)

raywhitecommercial.com

PaulaRaine +64272214997

paula.raine@raywhite.com

6HoltPlace, Burnside,Christchurch

On offer isahandilylocatedwarehouseinthepopularnorthwestand incloseproximitytotheChristchurch International Airport.Largeland areaof1,077m2*providesgoodyardandparkingareasandalso underpinsthevalueoftheproperty. Fullyleased,thewell-established Tenantisentrenchedintheareaandhasoccupiedtheneighbouring buildingfor32*yearsandthisbuildingfor18*years. Rentalreturning $54,125pa+GST+outgoings.Advantagedbyhavingdualstreet accessfromHoltPlaceandWairakeiRoad,providingtheconvenience ofeasydrive-thruaccess. Thepropertyiscomprisedof firstfloor offices 55.8m2*,lowstudstorage30.0m2*andwarehouse362.2m2*.

Totalbuildingareaof448.0m2*. Theneighbouringpropertyisalso availableforsaleasaninvestmentandcanbepurchasedtogetheror separately.Tobesold"asiswhereis"duetoanissuewithawall.For further information, pleasetalktoPaula.

Sale DeadlineSaleClosing Wed20March2024at

PaulaRaine +64272214997

paula.raine@raywhite.com

RWC Christchurch - Raine Blackadder Ltd - Licensed (REAA 2008)

*Approx

RWCChristchurch