YOUR NATIONAL PROPERTY GUIDE EDITION 2
We provide local expertise, Australia wide, to match you with the right properties.
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YOUR NATIONAL INDUSTRIAL AND COMMERCIAL PROPERTY GUIDE As a unique national partnership of independent property agents, our aim from the beginning has been to provide our clients with trusted resources, advice and service on a national scale. We are pleased to present some of the best the market has to offer, hand picked by our partners from Queensland, New South Wales, Victoria, South Australia and Western Australia.
CONTENTS QLD WA VIC SA NSW
06 07 09 13 17
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Market Update The latest activity and forecast for commercial and industrial markets across Australia.
Western Australia
South Australia
The Perth industrial real estate market is largely affected by the resources sector, resulting in a slow start to the year, as many supply companies have downsized or closed down. As a result, we are now seeing high levels of vacant industrial space across Perth, particularly in the southern suburbs.
Positive news relating to Government Defence Contracts and commitments to expenditure of important road infrastructure has resulted in some green shoots of activity in the Adelaide market.
Tenants are able to lease prime locations, making it harder for older premises to find occupants. However, with the start of a new financial year and a more positive share market, sentiment is improving and we are anticipating more activity in the remainder of 2016. Lending rates are low, encouraging established companies to expand or upgrade their facilities and new businesses to enter the market. Lower exchange rates are benefiting manufacturing and retail sectors and national companies are taking advantage of Perth’s geographic alignment with our major trading partners in Asia. As a result, we anticipate an increase in leasing activity in areas such as the Welshpool, Kewdale, Perth Airport Precinct, and Canning Vale. —David Lamb
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Leasing activity is improving throughout the north-western and inner western markets where prime rents range between $80 – $100/m2 per annum net and $100 – $120/m2 per annum net respectively. Supply continues to outweigh demand and incentives range between 10 – 20%. The low interest rate environment continues to spur vacant possession and investment sales, however the lack of opportunities are restricting transaction activity. The reduced stamp duty policy in South Australia is providing further momentum in this market. Private investors continue to account for the majority of acquisitions and prime yields are sitting within the range of 8.00 – 8.75%. Land values are generally stable, however new development remains low. For land areas 1ha plus in the north-western market, values range from $120 – $160/m2, whilst parcels in the outer northern region range from $70 – $90/m2. —Steve Smith
Queensland
New South Wales
Victoria
Institutional investment yields in Queensland remain steady and are still firming for sub $5M stock suitable to private investors and self managed super funds. Both are in high demand and extremely low supply.
The market is strong in NSW as investment yields remain under pressure with the flow of capital into industrial property outweighing the level of stock.
The commercial property market in Victoria certainly is tight at present with yields compressing and buildings being difficult to find for both occupiers, investors and tenants.
The lack of credible investment alternatives will continue to drive demand for industrial investment assets. Vacant industrial property is equally in high demand, driven by low cost of debt and improved road infrastructure coupled with emerging residential markets in western Sydney. Consequently prices are up across the board. Land is back in demand, with local and overseas capital chasing land stocks to develop, pushing land prices even higher.
The record low interest rates appear to have become part of our economic landscape for some time to come, driving the surge in prices. The sub $1,000,000 commercial/industrial market is where the action is and buildings in this area have seen serious capital growth.
Existing stock of lower quality is in significant supply/vacancy with steady to low take up due to fiercely competitive institutional pricing and owners with inferior stock reluctant to compete on a comparatively better deal basis. Land acquisitions below 10,000m2 are improving with rates of $230 – $280/m2 as a result of owner occupiers slowly coming back into the market. Incentives are increasing from institutional investors delivering speculatively and pre-lease on land banks. Net effective rental is reducing to $80 – $90/m2 and face rental from $100 – $110/m2 down from $115 – $125/m2 pre GFC. —Matthew Richards
Leasing of existing assets remains strong, with incentives halved in south Sydney and western Sydney hovering around 8%. Developers are moving to meet this demand, committing to speculative construction in various pockets of south western, western and north western Sydney for warehouses between 10,000 – 30,000m2.
The maturing of industrial precincts around Eastlink has also seen demand outstrip supply and there are no signs of this abating. Investments are keenly sought and whether it is a shop, office, showroom, or warehouse, buyers are anxious to secure.
—Mark Bond
— Matthew Herrett
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QLD
FOR SALE OR LEASE
High exposure service trade & bulky goods opportunity SITE AREA
1.4Ha BUILDING AREA xxm2
TENANCY
This opportunity is strategically located in a tightly held, extremely well established service trade and bulky goods retail hub. The project provides tenants and owner occupiers with a custom built property solution designed specifically for their business. Located on the doorstep of Brisbane’s South West Corridor with excellent exposure and access to major arterials, the site sits between Ipswich and Brisbane. Join the likes of Caltex, Reece, Woolworths, Aldi, McDonalds, Hungry Jacks, Super Amart and major car dealerships in this busy precinct.
All figures are exclusive of GST and outgoings. All sizes are approximate
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Competitive packages for highly spec’d full tilt panel warehouse, showroom and bulky goods warehouses are available.
OR TURNKEY OPPORTUNITIES ICON 2 500msummary – 4,000m2
• High exposure service trade – bulky goods retail development • Join top brands • Prime location in South West growth corridor
Matthew Richards 0413 716 557 matthew@scanpc.com.au
Tailored design ICON specific to your summary needs
12 Modal Crescent, Canning Vale, WA
FOR SALE BY FOR SALE OFFERS LEASE TOOR PURCHASE
First class facility
AREA Office: 440m2 Warehouse: 2,937m2 Hardstand: 2,000m2 Canopy: 200m2
This office/warehouse is well located and has everything your business needs to move in and start operating.
• Partitioned offices with A/C, amenities & lunchroom
The office area includes concrete floors, concrete elevations and a metal roof with a double doorway entrance leading to the foyer/ reception area. Internally the office is divided into high quality partitioned offices with male/female amenities and a lunchroom.
• Bitumen hardstand
• 10m truss height concrete warehouse
RENTAL PRICE $425,000pa
• 30 car parks
The warehouse is easily accessible via two roller doors. The surrounding grounds are bitumen hardstand with concrete soak wells all interconnected with sewerage. You’ll also enjoy ample parking and landscaped gardens with reticulation. David Lamb 0411 597 952 davelamb@mlv.com.au
SALE PRICE $5,725,000
All figures are exclusive of GST and outgoings. All sizes are approximate
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222 Welshpool Rd, Welshpool, WA
Invest in Perth’s industrial hub
FOR SALE FOR SALE OR LEASE
AREA Office: 487m2 Warehouse: 1,140m2 BUILDING AREA Workshop: 2280m2 xxm Hardstand: 4,000m2
This functional office/warehouse is a flexible investment opportunity, with the current tenant occupying the site since 2012, with a 5 year term with 3 + 3 year options.
• Tenant on 5 year lease (commenced September 2012) with 3 + 3 year options
The single story office includes a reception area, open plan office area, seven partitioned offices, a boardroom and amenities. The warehouse and workshop are comprised of concrete floors, steel portal frame, metal clad brick elevations, ZINCALUME® metal deck roofing and metal halide high bay lights.
• High quality warehouse and workshop
• Open plan and partitioned offices • 48 car parks with automatic gates
David Lamb 0411 597 952 davelamb@mlv.com.au All figures are exclusive of GST and outgoings. All sizes are approximate
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INCOME ICON $375,075pa summary
ICON SALE PRICE summary $4,850,000
1/191-195 Greens Road, Dandenong, VIC
FOR SALE OR LEASE
This Greens Road beauty offers over 80 metres of frontage
BUILDING AREA 3,815m2
This property features a huge 600m² mezzanine office complete with ducted air-conditioning and new carpets. The first floor office is accessible via a lift or stairs and the ground floor showroom includes meeting rooms and individual offices. Both levels include lunchrooms and extensive amenities blocks. The warehouse is 3,019m² including the office and is easily accessible via four container height roller doors with three doors facing the eastern unloading yard. The warehouse springing height of eight metres and the abundant natural light make this a perfect logistics set up.
• • • • • • •
,815m² building includes 196m² of canopies 3 600m² mezzanine office Unsurpassed frontage to Greens Road Less than 500m from Eastlink and Logis North 55 car parks on title, plus visitor parking Multiple yard areas Secure fencing and automatic gate
ZONING Industrial 1
LEASE AT
Mark Bond 0419 386 882 mark@faceyindustrial.com.au
$310,000pa
Jet Saliu 0488 335 388 jet@faceyindustrial.com.au
SALE AT $4,885,000
All figures are exclusive of GST and outgoings. All sizes are approximate.
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JOINT VENTURE PARTNERS WELCOME
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77-89 Victor Crescent, Narre Warren, VIC FOR SALE
Planning permit in place - your next project is ready to go
LAND AREA 10,500m2
Make your mark in Narre Warren’s commercial hub. This rare development opportunity is located in a thriving commercial precinct adjacent to Westfield Fountain Gate Shopping Centre. With Commercial 1 zoning, the property could be suitable for residential, commercial and retail development. It has convenient access via Princes Highway, Monash Freeway, Narre Warren train station and bus networks. The planning permit for buildings in excess of 7,818m² GBA (Gross Building Area) means you can start your project straight away!
• Minutes from Westfield Fountain Gate • Access via Monash Freeway and Princes Highway •S uits residential, commercial and
ZONING Commercial 1
retail development
• Planning permit stamped and ready to go
Mark Bond 0419 386 882 mark@faceyindustrial.com.au Matt Rice 0419 871 240 mattrice@faceyindustrial.com.au
SALE PRICE $5,150,000
ll figures are exclusive of GST and outgoings. All sizes are approximate
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17/21 Barry Street, Bayswater, VIC SOLD
Case Study ICP team • Colin Tarlamis and Mark Bond (Facey Industrial Commercial) • Matt Herrett (Link Property Services) Campaign Matthew Herrett from Link referred SprintQuip to Facey Industrial Commercial to assist in relocating the SprintQuip business from Bayswater to a city fringe location.
Client: SprintQuip Purchaser: Private (CDB Industries) Asset description Near new 397m2 building made up of a showroom/office, warehouse, and workshop with mezzanine.
Following a short search of the Port Melbourne area Facey Industrial Commercial negotiated terms with a local landlord to relocate SprintQuip to their Williamstown Road, Port Melbourne premises. Post the negotiation SprintQuip were confident to appoint Facey Industrial Commercial to their Barry Street, Bayswater property which was marketed and sold before auction. Outcome Following Link Property Services concluding three separate transactions in NSW for Sprintquip, the referral to ICP Melbourne partner, Facey Industrial Commercial, allowed Sprintquip to benefit again from strong local market knowledge and high levels of professionalism, resulting in two further property transactions in Victoria.
SALE DATE 26th July 2016
SALE METHOD Private Treaty
SALE PRICE $540,000
All figures are exclusive of GST and outgoings. All sizes are approximate
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17-19 Adelaide Road, Murray Bridge, SA
OFFERS INVITED
High yielding investment opportunity
NET LETTABLE AREA 1,334m2
Offers are invited to purchase this outstanding mixed use investment which boasts multiple tenancies within its high quality accommodation. This two storey office and retail building has solid construction, over 80 car parks and is leased to a number of national tenants including Professionals Real Estate, Dominos, Anytime Fitness, Telstra and Optus. The current net rental is circa $240,000 per annum however opportunity exists to improve this with strategic asset management. The site is prominently located on Adelaide Road, the main commercial precinct of the town, only metres from the major intersection and shopping centre Murray Bridge Green. Offers are invited by 4pm, 29th September, 2016.
• High yielding opportunity and for genuine sale • Fully leased, mixed use investment • High quality improvements • Excellent tenancy mix with multiple tenancies • WALE by income in excess of 4 years • Potential for sub-division or development (STCC) Steve Smith 0410 532 022 steve.smith@leedwell.com.au Jonny Benedetti 0404 670 807 jonny.benedetti@leedwell.com.au
SITE AREA 4,554m2
ASKING PRICE $3,150,000
All figures are exclusive of GST and outgoings. All sizes are approximate
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60-70 Purling Avenue, Edinburgh, SA LEASE
Substantial, high quality office warehouse
BUILDING AREA 17,706m2
Located in the industrial growth region of Adelaide, this opportunity provides modern, high quality office warehouse accommodation measuring some 17,706m2. The premise comprises quality offices of 1,464m2 and an excellent warehouse of 16,242m2. Situated on a site of 48,600m2 there is opportunity for additional expansion if required (STCC). The building enjoys significant power infrastructure, evaporative air-conditioning and gas heating to the warehouse, an internal clearance of 7m and one central row of columns. Substantial canopies provide cover over the loading areas whilst 250 car spaces are available separate from the truck movement areas. The property has attractive landscaping, providing fantastic amenity to this corporate quality facility. All figures are exclusive of GST and outgoings. All sizes are approximate
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• High quality and functional improvements • Opportunity to expand in the future • Drive around access • Substantial power availability • Well appointed offices • Available late 2017
Steve Smith 0410 532 022 steve.smith@leedwell.com.au Henry Treloar 0412 404 426 henry.treloar@leedwell.com.au
SITE AREA 48,600m2
ZONING Industry, City of Salisbury
138 Norrie Avenue, Whyalla, SA FOR SALE
Brand new lease to BOC Gases
SITE AREA 3,838m2
Leased to BOC Gases with some 11 years remaining on the lease, this near new, purpose built facility has been constructed to exacting standards. The current rental is $171,000 per annum net with the lessee responsible for all outgoings including land tax. Located on the corner of Norrie Avenue and Lincoln Highway, the site enjoys magnificent exposure to one of Whyalla’s major thoroughfares, providing direct access between the airport and the town centre.
• Brand new improvements – constructed in 2015 • Lease expiry in September 2027 • Tax depreciation benefits • Public company covenant • Net lease • High profile location
Steve Smith 0410 532 022 steve.smith@leedwell.com.au
12 year lease to BOC Gases
INCOME $171,000pa
All figures are exclusive of GST and outgoings. All sizes are approximate.
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45 Huntingwood Drive, Huntingwood, NSW FOR LEASE
Warehouse with huge power available now
AREA Warehouse: 6,294.2m2 Office: 788.8m2
This near new office and warehouse features up to 1400amps of power and multiple roller doors in a high security corner location, offering an excellent profile for tenants. With quality construction including full height concrete walls, this freestanding building is strong and secure. Tenants will benefit from the outstanding location within the Huntingwood Business Centre, which provides excellent access to the M4 motorway and M7 motorway via the Great Western Highway on/off ramps. The commercial landlord is motivated to negotiate with prospective tenants and can accommodate flexible lease packages. A must to consider if your company is seeking a quality location, building, lease package and landlord. All figures are exclusive of GST. All sizes are approximate.
• Internal clearance up to 10.4m high • Regular shaped and functional warehouse design • Awning over roller doors • ESFR sprinklers
POWER Up to 1400amps
• Ideal for manufacturing, assembly and engineering This property is owned and managed by Goodman AVAILABLE
Mark Cadman 0458 383 383 mark.cadman@linkps.com.au
NOW
Jeff Pond 0448 383 383 jeff.pond@linkps.com.au INDUSTRIALCOMMERCIALPARTNERS.COM.AU | 17 INDUSTRIALCOMMERCIALPARTNERS.COM.AU | 17
PRECINCT A 50% COMMITTED
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Crossroads Logistics Centre, Corner Campbelltown Rd & Hume Highway, Casula, NSW FOR LEASE
Outstanding opportunities in prominent location PYMBLE
M7 M2 M4
M2
PARRAMATTA
M7
M4
WETHERILL PARK HOMEBUSH
M1 M7
LIVERPOOL
BANKSTOWN
M5
BUILDING AREAS 5,000 – 27,000m2
SYDNEY
ALEXANDRIA
M1 M5 BOTANY BAY
Relocate your business to this key industrial property in a prominent landmark location, bounded by Campbelltown Road, Hume Highway and the M5 motorway. The property is situated immediately adjacent to Crossroads Homemaker Centre and offers unparalleled access to major arterial roads including the M7 motorway, just minutes south west of the proposed Moorebank Intermodal Terminal. Crossroads Logistics Centre offers multiple opportunities for occupiers to design and construct premises to suit. It is capable of accommodating the largest of office/warehouse requirements up to circa 20,000m2 of contiguous space.
• Master planned estate with stage 1 DA approved • Staged developments available • Access via major arterials • Up to 20 ,000m2 contiguous space available • Up to 50,000m2 yard and hardstand potentially available Matthew Herrett 0457 383 383 matthew.herrett@linkps.com.au Artie Kalpidis 0403 383 333 artie.kalpidis@linkps.com.au Jeff Pond 0448 383 383 jeff.pond@linkps.com.au
CLOSE TO INTERMODAL
ZONING IN3 Heavy Industrial
All figures are exclusive of GST and outgoings. All sizes are approximate.
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Wingfield Distribution Centre, SA
FOR SALE SOLD OR LEASE
Case First class Studyfacility ICP Team • Steve Smith (Leedwell Property) • Colin Tarlamis (Facey Industrial Commercial)
Intro paraGoodman Client: Body copy Purchaser: Primewest Asset Description High quality industrial facility featuring 2 independent office warehouse buildings on a large site (approx. 2.5ha) in a prime industrial location. The total improvements measured just over 10,000m2. The buildings were securely leased to Toll and Cospak respectively with a WALE in excess of 6 years.
Campaign Leedwell Property were appointed by Goodman to market and sell Wingfield Distribution Centre. One of the elements of our campaign included using the ICP network to distribute information regarding the opportunity to prospective investors on each partner’s database. A number of investors from the respective databases showed interest in the asset before a few took the next step and participated in the Expression of Interest campaign. One of those investors introduced by the network database was successful in securing the asset, proving that the collective participation of the network partners results in tangible outcomes. • Dot points (colour of state) Outcome The campaign resulted in the disposal of institutional grade investment property. The use of ICP contacts and database were what attracted the eventual purchaser to secure the property.
Agent 1 Phone Agent 2 Phone
LOGO
DATE Settlement – BUILDING AREA December xxm22015
YIELD ICON 8.36% summary
SALE PRICE ICON $11,800,000 summary
All figures are exclusive of GST and outgoings. All sizes are approximate
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Industrial Commercial Partners
A leading commercial and industrial agency offering a full range of real estate services, including sales, leasing, property management, valuation and consultancy.
Offering tailored property services in industrial, commercial and retail sectors, our difference is a genuine focus on strong, long-term relationships and our integrated, holistic range of property services.
Celebrating it’s 40th year in 2015, Scan Property Consultants specialise in not only core marketing services for industrial property, but has evolved to deliver more dynamic consulting services that optimise client asset performance across all classes.
Facey Industrial Commercial has been a business synonymous with real estate in South East Melbourne since Frank Facey opened for business in Lonsdale Street in 1917. Facey is a specialist industrial commercial agency that has been servicing the greater Melbourne and Dandenong region since the mid 1980s.
Our approach to property is simple – deliver outstanding results without the clutter. Equipped with over 100 years of real estate experience, our sole focus is the most important person in property – you.
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