YOUR NATIONAL PROPERTY GUIDE EDITION 8
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YOUR NATIONAL INDUSTRIAL AND COMMERCIAL PROPERTY GUIDE We’re pleased to present the eighth edition of the National Property Guide, featuring a selection of the best in commercial, industrial and retail property across the nation. As a national partnership of independent agencies working together, we provide an alternative solution. We bring our clients national reach, combined with local knowledge and service. Find out more about our national partners.
WATCH VIDEO
CONTENTS SA-Leedwell WA-MLV NSW-Link QLD-FAL VIC-Facey
04 08 16 18 28
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BUILDING D
Bedford Street All figures are exclusive of GST and outgoings. All sizes are approximate
oundary approximate
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PREXY
Port Adelaide Industrial Estate, Building D, 25-91 Bedford Street Gillman, SA FOR LEASE
Flexible, functional & affordable warehouse facility
BUILDING AREAS 4,000 - 16,000m2
Port Adelaide Industrial Estate is a stand-out warehousing and logistics estate which is centrally located for all industrial purposes and enjoys proximity to major industrial transport routes, including Port River Expressway, Northern Connector and the port at Outer Harbour.
• Multiple at-grade loading access points all supported by generous internal road networks and multiple road crossovers
The estate includes a series of office warehouse buildings providing a variety of accommodation to suit the needs of medium to large tenancy requirements. Areas from 4,000m2 can be leased within Building D, with potential for future expansion within the estate.
• Bedford Street gazetted for B-double and road-train (36.5m) truck movement
Port Adelaide Industrial Estate is owned and managed by Stockland.
All figures are exclusive of GST and outgoings. All sizes are approximate
ZONING Industry
• Significant external truck parking, designated external loading areas and canopies
• Comprehensive traffic management for safe movement and loading/unloading Steve Smith 0410 532 022 steve.smith@leedwell.com.au
INTERNAL HEIGHT 7-10m
Henry Treloar 0412 404 426 henry.treloar@leedwell.com.au INDUSTRIALCOMMERCIALPARTNERS.COM.AU | 5| 5 INDUSTRIALCOMMERCIALPARTNERS.COM.AU
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30 Charles Road, Beverley, SA FOR LEASE
Impressive Western Warehouse
WAREHOUSE AREA 6,520m2
Located in the inner west, the property enjoys proximity to major transport routes including Grange, South and Port Roads, as well as the CBD and Adelaide Airport. The site is central to Adelaide’s metropolitan region and therefore enjoys excellent access to all sectors of the South Australian market.
The property provides office warehouse accommodation measuring 7,145m2.
The site has a large amount of bitumen hardstand surrounding the warehouses, ensuring multiple access points can be utilised for operational efficiency.
• Strategic location
Accessed by both northern (staff and visitor parking) and southern (hardstand areas) entry and exit points. Overall, the property is a fantastic opportunity in a strong inner western location.
All figures are exclusive of GST and outgoings. All sizes are approximate
OFFICE AREA 625m2
• Large site area: 16,348m2 • Multiple loading areas
Henry Treloar 0412 404 426 henry.treloar@leedwell.com.au
RENT PA $650,000
Steve Smith 0410 532 022 steve.smith@leedwell.com.au INDUSTRIALCOMMERCIALPARTNERS.COM.AU | 7| 7 INDUSTRIALCOMMERCIALPARTNERS.COM.AU
9 Ferguson Street Kewdale, WA FOR SALE
Prime property in the heart of the Kewdale Industrial Area
LAND AREA 0.57ha (1.41 acres)
The office building is constructed of concrete floors and footings, brick elevations and metal deck clad roof. The front elevation incorporates aluminium framed glass doors and windows and a metal clad fascia. Internally the offices are in excellent condition, having been recently refurbished. Internal finishes include carpeted floors, suspended ceilings, fluorescent lighting and reverse cycle air conditioning.
• Quality refurbished office space • Warehouse with good access
FLOOR AREA 1,641m²
• Mezzanine for additional storage • Expansive hardstand • Great access to Kewdale Road and Tonkin Highway
Accommodation includes a reception area, boardroom, partitioned offices, tea preparation area, lunchroom and male and female amenities. The warehouse is constructed of concrete floors and footings, steel frame, brick walls to dado height, metal clad elevations and metal deck clad roof. The warehouse is predominately clear span and has a truss height of approximately 7.0 to 8.0 metres. All figures are exclusive of GST. All sizes are approximate.
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David Lamb 0411 597 952 davelamb@mlv.com.au Stefan Quaresimin 0421 929 686 squaresimin@mlv.com.au
ZONING General Industry
111-113 Burswood Road, Burswood, WA FOR SALE
Large lot in the heart of the Burswood Commercial Precinct
LAND AREA 1,226m²
The site is located in the Causeway Precinct under the Town of Victoria Park’s Town Planning Scheme and overlooks GO Edwards Park to the West. The current improvements are constructed with concrete floors and footings, parapet brick elevations, and a corrugated asbestos clad roof.
The remainder of the site is improved with bitumen paving to the front and rear of the building, which provides a front and rear car park. The rear boundary of the site is fenced with a steel post and wire fence with a gate providing access to the rear right of way.
Internally the office areas are partitioned with stud plasterboard walls and aluminium framed glazing. Ceilings comprise of suspended panel ceilings, which are fitted with fluorescent lighting, carpet floor coverings, and ducted reverse cycle air-conditioning and package air-conditioning units. The accommodation includes amenities with separate male and female toilets.
• Redevelopment potential
FLOOR AREA 325m2
• Functional offices • Plenty of parking
The rear of the property has a paved area covered with a metal deck patio having an area of approximately 50 square metres.
Rory Feely 0450 520 227 rfeely@mlv.com.au
All figures are exclusive of GST. All sizes are approximate.
David Lamb 0411 597 952 davelamb@mlv.com.au
ZONING Office/Residential
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15 Ashby Close, Forrestfield, WA
Large purpose built facility in the heart of the Forrestfield Industrial Area
FOR SUB LEASE
LAND AREA 32,100m²
BUILDING AREA 9,311m2
WATCH VIDEO
Located on the property is an office and workshop and warehousing facility totalling 9,311m2 and concrete hardstand of 11,400m2 Two-level Office - 736m² Warehouse - 8,575m² approximately plus hardstand area (11,400m2). The facility is a warehouse with workshop and Dangerous Goods Store of 8,575m2 surrounded by concrete hardstand area of approximately 11,400m2. The warehouse provides a reinforced concrete floor, concrete walls and iron roof. The warehouse and workshop has a truss height of 11 metres to the middle and 7.75 metres to the underside of the eaves. The areas have concrete walls separating the relevant areas and therefore do not include sprinklers. All figures are exclusive of GST and outgoings. All sizes are approximate.
The premises are in good condition. They provide excellent warehousing, loading / unloading areas and access for trucks. The building has been specifically designed for the current business and offers many advantages for an operation of this type.
• Warehouse - 4,270m2
ZONING General Industry
• Workshop - 3,831m2 • Dangerous goods store - 474m2 David Lamb 0411 597 952 davelamb@mlv.com.au Rory Feely 0450 520 227 rfeely@mlv.com.au
PRICE $1,100,000 pa + GST + O/G
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7-11 Catalano Road, Canning Vale, WA
Large modern office, warehouse and workshop facility in an ideal location
FOR SALE
LAND AREA 11,200m²
OFFICES 1,007m2
WATCH VIDEO
The facility consists of ground floor office, upper mezzanine office and warehouse facility. The office area is comprised of carpeted floors, glass partitioning walls, open plan offices, painted walls and reverse cycle airconditioning. The offices also contain two large boardrooms and two large tearooms and amenities. The offices are in excellent condition and are considered to be above standard for the Canning Vale area. The warehouse is predominantly clear-span, constructed of concrete floors and footings to an approximate truss height of 6m with an iron roof. The warehouse is accessed via 5m roller doors on the northern, eastern and western elevations. Within the warehouse are two storerooms and dispatch office. The warehouse also contains a rear-workshop with a 5-tonne gantry crane. All figures are exclusive of GST. All sizes are approximate.
The premises also features abundant concrete hardstand/parking, rear wash-down bay, perimeter fencing, landscaped gardens and two concrete crossovers.
• Large modern office and warehouse • Ample hardstand
WAREHOUSE 3,202m2
• Excellent access to workshop • Hardstand: 3,000m2 David Lamb 0411 597 952 davelamb@mlv.com.au Stefan Quaresimin 0421 929 686 squaresimin@mlv.com.au
PRICE $6,375,000 + GST
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Rory Feely Sales and Leasing Agent, MLV Real Estate Rory started at MLV in 2016 and has become one of our top selling agents. Having grown up in the western suburbs of Perth, he has a strong knowledge of the city and its surrounding districts. Rory has a Bachelor of Commerce in Accounting and Finance from the University of Western Australia and is currently qualifying for membership to the Royal Institute of Chartered Surveyors. He is a registered Real Estate Sale Representative and is committed to developing his role as a sales and leasing agent in the commercial and industrial sector in Perth. Within MLV, Rory has a specific focus on the major industrial precincts of Welshpool and Kewdale, and currently has a large number of listings in these neighbouring suburbs. This area is known for its close proximity to the Perth Domestic and International Airports, whilst also having good access to the city centre and major road infrastructure. If you are in need of advice regarding the sale, purchase or leasing of industrial property in Perth, Rory can be contacted via email on rfeely@mlv.com.au or mobile 0450520227.
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Proposed Lot 164 Wicks Street, Bayswater WA SOLD
Case Study ICP Team •M atthew Herrett from Link Property Services • David Lamb from MLV Real Estate Campaign Link introduced Brighton-Best International (AU) Pty Ltd (BBI) to ICP member MLV Real Estate, who successfully guided BBI to the acquisition of a 1.15ha parcel of land at Wicks Rd Bayswater. The land will be developed by BBI for a new west coast distribution facility, supplementing the new distribution facility in SYDNEY and supporting existing centres in Brisbane, Melbourne and New Zealand. The site is approximately 11,576m2 fronting Wicks Street in the new subdivision Tonkin Highway Industrial Estate.
CLIENT Bayswater Industrial Estate Pty Ltd
BUYER Brighton-Best International (AU) Pty Ltd
The subdivision is situated fronting Railway Parade and Vincent Street and backing onto the Tonkin Highway. Bayswater is approximately 8km East of the Perth CBD and 3km to the north of the Perth International Airport. Client: Bayswater Industrial Estate Pty Ltd Customer: Brighton Best International Pt Ltd
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Following the successful leasing of a 10,000 sqm warehouse to BBI by Link in Eastern creek, the ICP network via partners Link Property Services and MLV were able to come together to assist BBI with their expansion plans on Australia’s West Coast.
ICP PARTNERS MLV - WA LINK - NSW
34 Davis Road, Wetherill Park, NSW FOR LEASE
Located in the most sought after industrial precincts
TOTAL AREA 5,904.40m2
WATCH VIDEO
34 Davis Road is a freestanding industrial/warehouse building with yard area that allows truck manoeuvring and storage of equipment or containers. The building has first and ground level office, which is carpeted, air-conditioned and partitioned throughout. The warehouse is L-shaped and provides access via 5 raised loading docks, some with dock levellers. The owner will construct additional roller doors to suit tenant requirements.
All figures are exclusive of GST and outgoings. All sizes are approximate.
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The fire sprinklered warehouse has 7-9m clearance. There is a substantial power supply, available via 2 substations, amounting to 1,500 kVa. There is provision for additional hardstand at the rear which can be converted to concrete hardstand.
AVAILABILITY 1 April 2019
A rare offering in an outstanding location.
Matthew Herrett 0457 383 383 matthew.herrett@linkps.com.au Paul Mileto 0406 535 569 paul.mileto@linkps.com.au
YARD AVAILABLE
Unit 3, 176-180 Euston Rd, Alexandria NSW
FOR SALE BY AUCTION
In close proximity to Sydney CBD & airport
TOTAL AREA 678m2
WATCH VIDEO
The property is located on the eastern side of Euston Road opposite, Sydney Park between Huntley Street and Campbell Road, Alexandria. Alexandria is located midway between the Sydney CBD and Sydney Airport. (approximately 5km from both). The property enjoys drive-through access to both Euston and Burrows Roads, and is only 400 metres from the new WestConnex St. Peters interchange, currently under construction. The unit is part of a three (3) unit strata development and features a single container height roller door. The unit features tilt up concrete walls, mezzanine office accommodation which is carpeted & airconditioned. Amenities are provided on both ground and mezzanine levels. The area beneath the mezzanine office can be utilised for showroom, additional office or low clearance storage.
All figures are exclusive of GST and outgoings. All sizes are approximate
Auction Details Cooley Auction Centre CBD DEXUS Place L5, One Margaret Street Sydney NSW 2000 Thursday, 22 November 2018 at 10 AM
ZONING General Industrial IN1
Artie Kalpidis 0403 383 333 artie.kalpidis@linkps.com.au
CAR PARKING Generous car parking allocation
Chris Sully 0439 383 444 chris.sully@linkps.com.au
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All figures are exclusive of GST and outgoings. All sizes are approximate.
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238 Lytton Road, Morningside, QLD FOR LEASE
Marvelous Morningside industrial property with the lot
LAND AREA 2,899m2
Situated on one of East Brisbane’s busiest thoroughfare, this site benefits from exposure to Lytton Road. This positioning offers users excellent access to the Port of Brisbane & Gateway Motorway. Property features:
• 3-phase power with excess of 200 amps of supply • Mercury vapour lighting • Good natural lighting • Ducted air conditioning
• 2,565m tilt-panel warehouse
• Office fit out includes offices, boardroom and reception area
• 364m2 of office accommodation
• Internal male/female amenities with showering facilities
2
CAR PARKS 19 Dedicated Car Parks
• 7m+ of internal height • 3 x 7m wide electric container height roller doors with 1 x additional door
RENT PA $292,900
• Sprinkler system throughout All figures are exclusive of GST and outgoings. All sizes are approximate
Daniel Hutchinson 0434 314 624 daniel@falproperty.com.au INDUSTRIALCOMMERCIALPARTNERS.COM.AU | 19 INDUSTRIALCOMMERCIALPARTNERS.COM.AU | 19
All figures are exclusive of GST and outgoings. All sizes are approximate.
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15 Samford Road, Alderley, QLD
Fully tenanted iconic retail investment with unbeatable exposure!
INVESTMENT FOR SALE
LAND AREA 1,320m2
This iconic building is located on the junction of Samford Road, South Pine Road and Enoggera Road in Alderley. The property offers tenants incredible signage exposure to over 48,000 cars of cars daily. There is ample car parking on site, alfresco areas and covered walkways. The property is a fully leased investment with six tenants including a dentist, pharmacy, restaurants and a long-standing formal apparel store. The building has recently undergone significant refurbishments including roof repairs, a new awning, car park line marking, refurbishment of amenities and upgraded LED lighting surrounding the building. The property returns approximately $231,727.68 net pa.
All figures are exclusive of GST and outgoings. All sizes are approximate
• 1,320m2 land area • 547m GFA 2
• Fully tenanted
APPROX. PROPERTY RETURN $231,727.68 net pa
• Prominent junction location • Recently refurbished façade • Exclusive carpark with 15 spaces
Huw Feeney 0404 830 866 huw@falproperty.com.au Daniel Hutchison 0434 314 624 daniel@falproperty.com.au
PRICE $3,500,000
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All figures are exclusive of GST and outgoings. All sizes are approximate.
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18 Shoebury Street, Rocklea, QLD
FOR SALE/LEASE
Major city fringe transport depot
OFFICE AREA 500m2
Proven transport depot previously occupied by one of Australia’s most recongnised Transport companies - Lindsay Australia.
• 3x undercover awnings
The property is strategically located directly across the road form The Brisbane Fruit and Vegetable Markets and is also only 10 kilometres south of the Brisbane CBD. Noted as Brisbane’s premier transport destination, Rocklea enjoys immediate access to South East Queensland’s major arterial links to Pacific Motorway, Logan Motorway, Centenary Highway, Warrego Highway, Beaudesert Road, Mt Lindsay and Cunningham Highways.
• Drive through and around B-Double access
• 6x self-leveling loading docks + 6x container height roller doors
WAREHOUSE AREA 4,088m2
• Full size approved truck wash bay • Clear span warehouse 8-9m internal height • Large 3 phase power supply supporting cold room facility • Sufficient natural internal light
Property features:
• 4,588m2 warehouse and office facility (on 19,300m2 site) • Significant hardstand areas across entire property All figures are exclusive of GST and outgoings. All sizes are approximate
LAND AREA 19,300m2
John Andrew 0488 018 998 john@falproperty.com.au INDUSTRIALCOMMERCIALPARTNERS.COM.AU | 23 INDUSTRIALCOMMERCIALPARTNERS.COM.AU | 23
All figures are exclusive of GST and outgoings. All sizes are approximate.
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236 Musgrave Road, Coopers Plains, QLD
FOR SALE/LEASE
Big height, big power, big hardstand, big business!
WAREHOUSE AREA 7,519m2
• Total land area of approx. 31,540m2 across two lots • General Industry zoned land with a frontage of over 100 metres to Granard Road • Multiple container height doors to access both buildings • Sprinkler system through both buildings • Clear span internal heights range in size from of 8m to 17m • Ability to add approximately 5,500m2 of industrial accommodation to the rear of this site • Ample staff parking exists at the front of the site
• Direct access to the Ipswich Motorway and the Gateway and Pacific Motorways • Large 3 phase power supply supporting cold room facility • Sufficient natural internal light
TOTAL AREA 31,540m2
RENT $80 per m2 All figures are exclusive of GST and outgoings. All sizes are approximate
John Andrew 0488 018 998 john@falproperty.com.au INDUSTRIALCOMMERCIALPARTNERS.COM.AU | 25 INDUSTRIALCOMMERCIALPARTNERS.COM.AU | 25
24 Counihan Road, Seventeen Mile Rocks, QLD
FOR SALE/LEASE
Fully renovated functional freestander with huge power
LAND AREA 2,023m2
The property sits along Counihan Road providing excellent convenience and suitability for a range of Industrial users. Located approximately 11km (15min) to the Brisbane CBD, Seventeen Mile Rocks provides great arterial access to both the Centenary & Ipswich Motorway’s. 24 Counihan Road is ideal for a business looking for their own functional freestanding building. Fully serviced and ready to go now, the site is available for lease or to purchase for your own business use.
The property includes:
• Extensive renovation & refurbishment
OUTGOINGS $20,000 pa Approx.
• 1,632m2 warehouse • 27m2 office • 72m2 mezzanine • 6 container height roller doors • Ample 3 phase power (transformer on site) • 5 metres of minimum internal clearance • Motivated vendor
All figures are exclusive of GST and outgoings. All sizes are approximate
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Christian Pedersen 0438 822 655 christian@falproperty.com.au
RENT PA $173,100
Deal is the whole package A family-owned and operated package distributor has consolidated its operations under the one roof in a south-side industrial precinct after a lease now and buy later arrangement.
The property has a gross lettable area of 4,048m2 and is on a 8,339m2 site with easy access to Beaudesert Road and the Logan and Ipswich Motorways. It will be largely used by Prior Packaging for storage.
Prior Packaging had a 12 month lease on an office/warehouse at 201 Jackson Road, Acacia Ridge and will pay $335,000 over the term.
Mr Andrew said with a large power supply and six over head cranes, the property was originally built for heavy industry. However because of nearby residential development, it was given a General Industry A zoning, restricting its manufacturing use.
After the lease expires on June 31 next year it will settle on the $4.05 million purchase of the property in a deal struck by FAL Property Group’s Christian Pederson and John Andrew. Mr Pederson said Prior Packaging occupied a couple of sites in Acacia Ridge and wanted to stay in the area. “They were looking for about 4,000m2 inside a clear span shed if possible but until this one came along, everything was either too small or didn’t suit” he said.
FAL Success Story premium price we structured the deal with a 12 month lease and simultaneous cash unconditional contract. “This allowed for the purchaser to get immediate access to the site, the seller to get a great income over the next year and delayed settlement to help push the total deal value well above the market value.”
“This meant that while we fielded many inquiries seeking cranes and heavy power supplies throughout the leasing campaign, the restrictions around operations made it challenging to secure a suitable user.”Mr Andrew said. “Due to the challenging circumstances we had to get creative. We went back to the drawing board and focused on lighter industrial users, and to achieve the
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REIV winners three years running Facey Industrial Commercial are delighted to once again receive coveted Real Estate Institute of Victoria (REIV) awards in sales and marketing in both the industrial and office categories.
In the category for Best Marketing Campaign, Retail under $10,000, Facey Industrial Commercial were also finalists for the campaign at 11 Levida Drive, Carrum Downs.
For the third year in a row, Facey has won awards that recognise their leadership in marketing across commercial sales and leasing campaigns. The 2018 awards won by Facey Industrial Commercial are: • Best Sales Campaign Industrial Budget under $10,000 Units 1, 2 and 3 at 5 Berends Drive, Dandenong South • Best Sales Campaign Industrial Budget under $10,000 15 Langmore Lane, Berwick
Mark Bond, Director of Facey Industrial Commercial explained, “We are so proud to have this double win, along with awards in the two previous years. These awards cement Facey Industrial Commercial’s position as the most innovative and strategic marketers of commercial real estate in Melbourne’s great South East.” REIV President Richard Simpson said the awards are a great opportunity to recognise increasingly innovative and tailored campaigns. “Each year, the judges are blown away with the level of consideration and attention to detail that goes into these campaigns: this year we’ve seen dedicated websites, a film series and drone photography as well as traditional print advertising, signage and brochures.” Winners were announced on 13 September at Watermark, Docklands, in front of a crowd of the industry’s top agents from competing agencies across metropolitan Melbourne. These awards are prestigious and highly valued across the real estate sector.
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207-209 Greens Road, Dandenong, VIC FOR LEASE
Make your mark on this future service retail precinct!
BUILDING AREA 1,508m2 each
WATCH VIDEO
Here are two brand new showroom, office, and warehouses situated fronting Greens Road within Dandenong’s Logis Industrial Estate. Each with a total building area of 1,508m2, comprising of 322m2 first-class office/showroom and a 1,186m2 high-clearance warehouse, these properties offer rear loading access, plenty of on-site parking, and fantastic exposure to Greens Road.
LADN AREA 4,784m2
• Unsurpassed quality from top-tier builder Opportunity to combine both 207 & 209 Greens Road to make a total building area of 3,016m2. Please call the listed agents and inspect today.
207 & 209 Greens Road benefit from desirable Logis Estate features, including;
• Designed open space and parkland • Future service retail precinct with proposed express supermarket, business banking, post office, cafes and restaurants All figures are exclusive of GST and outgoings. All sizes are approximate
Mark Bond 0419 386 882 mark@faceyindustrial.com.au
ZONING Industrial 3
Colin Tarlamis 0400 344 070 colin@faceyindustrial.com.au INDUSTRIALCOMMERCIALPARTNERS.COM.AU | 31 INDUSTRIALCOMMERCIALPARTNERS.COM.AU | 31
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96-108 Greens Road, Dandenong South, VIC SALE/LEASE
High clearance and high exposure
WAREHOUSE AREA 6,591m2
This office warehouse provides fantastic brand exposure on one of Dandenong South’s major thoroughfares. Immediate access to the South Gippsland Highway, and a short drive from the Eastlink Freeway.
• Rare freehold opportunity
This office warehouse is a rare freehold opportunity in Dandenong South, boasting a total building area of 6,591m2.
• 10m min warehouse clearance
Providing a valuable branding opportunity on Greens Road, this property is situated within prime logistics location with efficient access with South Gippsland Freeway and Eastlink.
• Available March 2019
Featuring 10m* minimum warehouse clearance, huge cubic capacity, 4 roller shutter doors, massive hardstand/loading canopy, B-double truck access and is fully sprinklered.
All figures are exclusive of GST and outgoings. All sizes are approximate
• Site area - 16,242m2
OFFICE AREA 608m2
• Total building area 6,591m2 • Prime logistics location
Colin Tarlamis 0400 344 070 colin@faceyindustrial.com.au
ZONING Industrial 1
Mark Bond 0419 386 882 mark@faceyindustrial.com.au INDUSTRIALCOMMERCIALPARTNERS.COM.AU | 33 INDUSTRIALCOMMERCIALPARTNERS.COM.AU | 33
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28 Clayton Road, Clayton North, VIC SALE/LEASE
An outstanding opportunity to occupy or invest
BUILDING AREA 3,348m2
WATCH VIDEO Modern headquarters consisting of a striking two storey office with rear warehouse featuring multiple roller shutter doors, huge hardstand, excellent access and parking for 100 plus cars.
• Striking two level office
Offered with vacant possession and available for sale or lease with a long term settlement this well-appointed facility is sure to impress both the owner occupier, tenant or investor.
• 100 car spaces plus hard stand
• High clearance warehouse
LAND AREA 10,914m2
• 1,959m2 office • 1,389m2 warehouse • 3,348m2 total building area • 1.0914ha (10,914m2) land area Richard O’Callaghan 0418 338 746 roc@faceyindustrial.com.au
All figures are exclusive of GST and outgoings. All sizes are approximate
Christian Hatzis 0409 241 635 christian@faceyindustrial.com.au
ZONING Special Use Zone (SUZ6)
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1 Lyall Road, Berwick, VIC FOR LEASE
Food & beverage, retail, medical and commercial
COMMERCIAL & MEDICAL 162 - 952m2
Prominently located on Lyall Road near the corner of Princes Highway, this high end development has the next level of premium retail, commercial and office accommodation available for lease in the Berwick Village.
• Estimated completion early 2020 • Commercial and medical space from 162 - 952m² • Retail, food and beverage from 40 - 365m2
RETAIL, FOOD & BEVERAGE 40 - 365m2
The Retail, Food & Beverage (F&B) spaces on offer vary from 40m² to 365m² over ground and level one and have access to grease traps, flues and services appropriately located within the tenancies. The Commercial office space (including medical) varies from 162m² to 952m² in contiguous floors with larger areas available over multiple levels. For Lease only, the accommodation has been designed and will be constructed to a very high standard. The retail and F&B mix on offer reflects the long term approach taken by the landlord. All figures are exclusive of GST and outgoings. All sizes are approximate
Matt Rice 0419 871 240 mattrice@faceyindustrial.com.au Richard O’Callaghan 0418 338 746 roc@faceyindustrial.com.au
ZONING Commercial 1
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Colin Tarlamis How did you get into commercial real estate? My interest in commercial real estate began many years ago – with a family in food manufacturing, I spent a lot of time during school holidays in and out of warehouses. During my VCE years I did work experience with a residential agent. Studying Business Management and Economics eventually led me to apply and complete my full real estate license immediately after VCE. In between extensive travels I launched my real estate career initially in residential before landing a cadet position with a national commercial and industrial firm.
What attracted Facey Industrial Commercial to the partnership? With a background working in two multinational firms and more than 10 years experience in the Australian real estate sector, I understand the need to develop good relationships with clients at a national level. I could see that Facey has the same values and aspirations through the ICP Network. This national platform offers many benefits for clients and will complement Facey’s existing network and growth. It was an important aspect that drew me to the role of working closely with Facey’s corporate and institutional clients.
What is your number one piece of advice for investors? My advice is to buy land, because as the saying goes, ‘we cannot create more of it’. The expansion of the south east region over the last ten years clearly proves this point. I also aim to provide certainty and confidence to investors so they can make, informed and clear investment decisions.
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Infrastructure & Developments Melbourne’s South East corridor is expanding and growing at a rapid rate to accommodate and house the evergrowing population. Infrastructure is constantly challenged due to this and government bodies work hard to keep up with upgrades so that traffic and commuters can move with ease to and from the region. MONASH FREEWAY EXTENSION
The Monash Freeway extension was completed in June this year which resulted in 30kms of added lanes allowing an extra 2000 cars per hour during peak hour traffic. Stage two of this project has already been announced which will improve traffic flow even further. HALLAM ROAD
The newly proposed Hallam Road upgrade will cost $38.4 million for an added 1.2kms of new roads from South Gippsland Highway to Ormond Road in Hallam.
MORDIALLOC FREEWAY
The planned Mordialloc Freeway at a cost of $375million will remove thousands of cars from the Braeside industrial estate and connect the Frankston / Mornignton Peninsula with the Dingley Bypass.
THOMPSONS ROAD
The Thompsons Road upgrade will cost $207 million, adding 10.7 kms of new roads as well as two bridges.
With these new additions and changes, travel pressures throughout the South East corridor will be eliminated and businesses will thrive and grow. This naturally has the knock on effect of increasing demand for property in the areas that are now much easier to access. A higher demand results in an increase in property prices, which is great news for owner occupiers and investors alike.
Market Update The Adelaide Industrial market has seen a slight acceleration in activity, which is attributed to a number of key employment sectors. Jobs growth, job creation and job advertisements are all on the rise showing good indications for the Adelaide market. Key transport infrastructure continues to assist the cities economy including, but not limited to, the Torrens2Torrens and the Northern Connector which have been major sources of employment for the Adelaide market. There has been a slight upswing in pre-commitment leasing activity in the inner northern market in the last 12 months. This is in direct correlation to the lack of quality
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stock available throughout this market. Leedwell Property have been active in the pre-lease commitment market being involved with two of the major recent deals: • Yankalilla Seeds (Wingfield 3,500m2) • Sigma Healthcare (Pooraka 10,000m2) A lack of development land in the inner north has seen prices rise slightly and purchasers starting to consider the outer north. We are yet to see this relate to an increase in sales in the outer north, but with the completion of the Northern Connector imminent we are expecting this to increase demand and push up prices. The strong demand for industrial property extends throughout the western suburbs where demand for existing premises, for either sale or lease, continues to outstrip supply, this has caused vacancy rates to fall. Overall, we are buoyant about the current status of the Adelaide Industrial market.
As the resources industry in Western Australia continues to gain momentum, we anticipate a growing demand for industrial properties around Perth for the rest of 2018. With the arrival of spring in Perth, we have seen a definite jump in listings, which has kept the team at MLV Real Estate extremely busy this month. Terry Matthews has joined our Sales and Marketing team, bringing with him over 30 years of experience in commercial and industrial real estate. We have also recently appointed a new asset manager, Samantha Appel, and a new receptionist, Sophie Taylor. Some of our recent listings for lease include several office units in the Market City Commercial Precinct and a brand new development of 2 units on Barley Place. All of these units are in Canning Vale, Perth’s most active industrial region, south of the CBD. We are also excited to be able to offer our clients a rare opportunity to purchase vacant land in the industrial region of Welshpool. Ready for development, this site offers close access to Perth’s domestic and international airports.
The Sydney market continues to move forward, dominated by a continued excess of demand for industrial property over supply. Key observations driving demand is as follows: 1.Sustained low interest rate environment 2.Major infrastructure projects driving activity 3.Hangover activity following the booming housing market in New South Wales 4.Decentralisation of industry along motorway corridors, a result of various push pull factors; a. compulsory acquisition of property for infrastructure projects b. industry seeking less expensive options in western and south western locations c. new infrastructure projects in western locations making decentralisation now viable d. explosion of population in outer areas aiding access to labour forces
The impact of a continued imbalance between demand and supply has resulted in a major increase in capital values, with a subsequent yet more gradual increase in rental values, followed by a reduction in lease incentives and letting up periods. As capital values and the increasing cost of employment land in Sydney wash through our market place, rental rates will likely grow further, particularly for sub 10,000m2 properties. Above this size range, the level of supply (relatively speaking) increases as a result of the speculative and pre-lease opportunities in western Sydney. Prime investment grade property remains very sought after, and so long as investors have access to cheap debt, availability of equity and a lack of alternate investment options, prime yields will remain firm at around 5-5.25pc. Secondary assets, particularly those considered secondary as a result of leasing risk, will offer attractive buying in the current market. Landlords and vendors hold the leverage in the current market, and buyers and tenants should come to market fully educated and prepared to act swiftly to secure premises.
Brisbane’s industrial market has continued strong off the back of 2017/2018 FY. Despite incredibly strong market conditions for investments, sales have been constrained by limited quality opportunities. This has caused yields in the Prime market to remain steady ranging from as low as 6% in the Trade Coast up to 7% in most other regions. Similarly, we have seen unprecedented demand in the owner occupier market; but due to a lack of supply in central locations many businesses are shifting their focus further north, south and west of the city to enable them to purchase. New precincts like Berrinba, Parkinson, Larapinta & Crestmead have captured these enquiries as a flurry of development activity is taking place to create much needed supply. Across the board we have seen many tenants shifting further out and purchasing rather than renewing their leases.
The 2018/2019 FY is shaping up to be significant time for Brisbane property. With 39 projects worth over $500 Million currently underway or in planning; Brisbane is set to be Australia’s next Mega City. Over the coming months we look forward to seeing the start of construction on Brisbane Airport’s new Automall - a $300 Million project to create a 51hectare specialized auto precinct, in addition to a 2.5 kilometre test track, West Village - the huge billion dollar multistage, 3 tower development of high end retail, dining and residential space, Brisbane Live – the proposed 17,000 inner city entertainment precinct & plenty of other big projects on the horizon.
the South East shortage of stock at present levels is unheralded in the past 25 years. There are some storm clouds hovering over this strong industrial market with banks losing confidence, political parties with short term planning and a heightened level of unease with consumers seeing housing values retract. Melbourne however continues to lead with an ever expanding population, unprecedented volume of both rail and road projects tightening supply of building products, and a very tight employment market.
Tenants seek well located modern facilities. Therefore at a recent briefing by the Property Council of Australia in Melbourne the subject of industrial land supply was debated. Some pundits have the supply at under 6 years supply which is certain to keep the industrial market strong in the foreseeable future. The lift Melbourne supplies of industrial land in land values since July 2017 is mazing with prime grade industrial are at historic lows driving values and rental up throughout 2018. Both land more than doubling in a 12 month period. So rentals will need Prime and Secondary stock has been impacted by the lack of supply. to grow to support the market and we are currently advising Landlord We are seeing vacancy levels at clients to look closely at market their lowest since 2013 however in reviews over the next 4 quarters.
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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.
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FAL Property Group has cemented its position in South East Queensland’s property market as a true client focused, commercial real estate organisation dedicated to ethical best practice and outstanding results.
Our approach to property is simple – deliver outstanding results without the clutter. Equipped with over 150 years of real estate experience, our sole focus is the most important person in property – you.
Facey Industrial Commercial has been a business synonymous with real estate in South East Melbourne since Frank Facey opened for business in 1917. Having celebrated its 100th year, the Facey team continues to provide local expertise to service long standing clients with sales, leasing and property management requirements.
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