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THE PROPERT Y DE VELOPMENT RE VIE W
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Welcome to issue seven of The Property Development Review. Encouraging news for developers continues – according to Core Logic’s Home Value Index report for September, national dwelling values were up by 0.9%. Major contributing factors were stronger conditions coming from Sydney and Melbourne where dwelling values increased by 1.7% over the month Featuring in this issue is an excerpt from our video interview with chairman of the Pelligra Group – Ross Pelligra. Hot from purchasing Ford Australia's former plants in Victoria, Pelligra have made a $500 million initial commitment for redevelopment.
On the Cover: Ross Pelligra, chairman of Pelligra Group. Image: Terry Chen Photography
Newsworthy state and national topics in this issue include “10 Areas in Australia pegged for capital growth”. Lend Lease’s deal with software giant Salesforce, who will occupy 50 per cent of their 53-storey Circular Quay skyscraper. Details on lots of new major developments in addition to state by state suburb specific profiles. Together with the latest development listings from around the country there is plenty more to read about. A very special shout out and thank you to our content partners The Urban Developer. The quality and scope of their content during 2019 has been excellent and we look forward to our ongoing partnership. Enjoy the read and keep well.
Nick Materia Managing Director
Inside this Issue:
In Conversation With: Ross Pelligra
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Ten Areas Across Aus. Pegged for Capital Growth
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Market Moves: Around the Country
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State Spotlight: Victoria
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State Spotlight: New South Wales
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State Spotlight: Queensland
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State Spotlight: South Australia
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State Spotlight: Western Australia
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Queensland News: Kelly Slater’s $100m Surf Ranch
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IN CONVERSATION: ROS S PELIGR A
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IN CONVERSATION: ROSS PELLIGRA, PELLIGRA GROUP
Pelligra Group is a third-generation construction company with a large profile of activity across Australia. Recently the Pelligra Group made headlines when they purchased Ford Australia's former plants in Victoria supported with a $500 million initial redevelopment commitment.
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Current Chairman, Ross Pelligra, was initiated into the family business early in his life, with his father regularly bringing him to worksites and business meetings. When Ross’ formal career began at 17, he was already well versed in property and construction, but continued to seek broader experiences and apprenticeships to enhance his capabilities. Working his way up the ladder, Ross has now amassed over 19 years of professional experience, continuing the legacy first laid by his Grandfather. We sat down recently with him to discuss the Pelligra Group, his experiences and learnings through a very successful career. The following is an excerpt of Ross’ full recorded interview. DR: You’re now the Chairman of Pelligra Group, your family’s business, but how did your journey into the property sector begin?
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free ride. My father wanted me to have the experience and knowledge to lead the Pelligra business into the future, and that meant starting at the bottom and working my way up.
RP: In my early days, I did a number of different apprenticeships to get certifications and experience. I got my plumbing licence, as well as my builders licence, and then entered the family business at the bottom level eager to earn my stripes. I knew that I wanted a seat at the top of our family business, so I had to learn quickly; not just about Pelligra, I had to be across the industry as a whole. It was a busy time. DR: Tell us about Pelligra Group in its modern day; who’s involved? RP: The family is still heavily involved. It’s the four brothers, our father and our grandfather, and the fourth generation has also just entered the business. We’re a very family-orientated business; even the employees that aren’t blood relatives are still considered family.
DR: So you were streamlined to enter the family business?
RP: Pelligra Group has a very broad and adaptable scope. We focus on all different sectors of development from residential to commercial, to industrial and retail. And our activities are also based around
→ Astro Apartments. Image: Pelligra Group
DR: What are some of those projects that you’re involved in at the moment?
DR: And what did this journey look like?
RP: Well, as you said, it’s a family business, so from an early age I was helping out after school and on weekends. I couldn’t have escaped it, even if I had wanted to. My father was well known in the community, it was the main topic of conversation around the dinner table, and most of my father’s friends were in property too. I grew up around it and quickly grew eager to get working too.
RP: Yes and no. I might have been born into this legacy, but it was never going to be a
industry trends and analysis; we don’t limit ourselves, but we don’t just go after any project.
RP: At the moment, we’ve got a number of industrial sites that we’re redeveloping into manufacturing assets. We’ve seen a need for these kinds of developments and there’s only a few players doing them well – so we saw a niche. Ultimately as well, it’s great to be able to help and expand businesses that are looking to manufacture in Australia. DR: You were in the news recently for the purchase of Ford’s former plants in Broadmeadows and Geelong, what led you to that acquisition? RP: The location was the first aspect that drew us in, as they’re well positioned within employment zones. They are also brownfilled manufacturing sites, which helps new manufacturers get their business operating quickly. Added to this, there is considerable residual land which we’ll look at redeveloping for alternative uses.
DR: What projects do you normally pursue?
Continued on following page →
IN CONVERSATION: ROS S PELIGR A
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The property market has its ups and downs but on a global scale Australia still has a lot more room for growth. Ross Pelligra, Pelligra Group
→ Hunter Werribee. Image: Pelligra Group
DR: Do you have a grand vision for those sites in the longer-term? RP: We’re currently doing our masterplanning for them; this involves looking at opportunities for start-up industrial manufacturers. A lot of these firms are either from the Geelong area, or have been associated with the Pelligra Group for some time, so it’s exciting to be able to help them grow to the next stage. DR: It sounds like many people would look up to and be grateful for yourself and Pelligra Group, but is there anyone that you look up to or seek advice from? RP: My father and grandfather have always been significant mentors in my life. Money can’t buy the level of experience and insight that they have afforded me. Our accounting and financial team also play a big part in our success. I think that businesses need to operate fiscally if they want to be sustainable. DR: 20 years from now, what sort of legacy do you want Pelligra Group to leave behind? RP: In part, I hope that we’ll still be doing what we’ve been doing over the past 60 years; helping businesses of all sizes con-
tinue to grow. At the moment, we’re focused on assisting manufacturers, as well as broader industrial and commercial firms. There’s considerable room for growth in these sectors and we think it’s good for Australia as well. DR: And what about more personally for the up-and-coming fourth generation of the Pelligra family? RP: One of the biggest challenges that you have in a family business, is simply getting along. A lot of family businesses fall out because they don’t work as a team, they don’t communicate well and they don’t respect each other. Our family doesn’t operate like that and I would like the new generation to see the strength that comes from family businesses. I would like us to be an example for other family businesses too. I’m really proud of what we’ve been able to achieve together. DR: Having significant experience in this area, what do you think are the fundamentals of deal making? RP: Listening and understanding the needs of the other party. It seems like a bit of a no-brainer, but you have to be aligned to the same vision from the start – too many
headaches will pop-up down the road if you didn’t take the time to hear and understand the needs of the client. The second point, is that your budget requirements are realistic. I’ve said it before, but being financially responsible is incredibly important to the sustainability of any business. DR: What do you think Ross Pelligra knows now that he wishes he knew 20 years ago? RP: I wish I was more active buying land. Prices for blocks in the CBD and on the fringe have climbed higher than we could have known, but I don’t think the ride is over yet. The property market has its ups and downs but on a global scale Australia still has a lot more room for growth. So I could be saying the same thing in another 20 years’ time. DR: Any last words of wisdom for aspiring property developers out there? RP: Learn, stay hungry, but most importantly, look out for each other. To keep the industry sustainable, we need multiple successful people, not just one successful person. When you help others, they in turn can help more people and this is a sign of a prosperous community. Stepping on people or businesses to get ahead is just going to result in the early end of your career.
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↑ Image: The Urban Developer
EDITORIAL
TEN AREAS ACROSS AUS. PEGGED FOR CAPITAL GROWTH Supplied by:
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The National Top 10 Best Buys report, released by HotSpotting’s Terry Ryder, says the locations are potential areas considered to have growth drivers spurring on capital growth. Ryder says potential hotspots are locations which have more than three of what it calls “core categories”: investing fundamentals such as transport and medical infrastructure, education, jobs nodes, urban renewal, government policy, and lifestyle features. With all investing it's important to undertake research, including understanding local development and infrastructure plans, and assessing your own personal financial circumstances.
Sunshine Coast Queensland
City of Marion South Australia
Moreton Bay Queensland
The Sunshine Coast, the 9th largest LGA in Australia, has become the strongest property market in Queensland, thanks to the strengthening of its economy and more than $20 billion in infrastructure projects and private investment either completed, under construction or in the planning pipeline. The region's economy has typically been dominated by three sectors, tourism, retail and construction. “This is why the area struggled as an economy and as a property market in the past – locations that are essentially based on tourism and speculative development often fail to produce consistent growth,” Ryder said. “But the Sunshine Coast economy is diversifying and strengthening.” The construction of a new $225 million runway at the Sunshine Coast airport will see direct flights to and from Asia, along with the development of Maroochydore's new $430 million CBD under way. Located 100 kilometres north of Brisbane, the Sunshine Coast spans 55 kilometres from Caloundra to Noosa, and includes Kawana, Mooloolaba, Maroochydore, Buderim and Coolum. Hinterland towns also take in Beerwah, Landsborough and Nambour.
The City of Marion continues to be one of the leaders in the Adelaide market, which Ryder regards as Australia's most under-rated capital city. Located roughly 8 to 20 kilometres south and south-west of the Adelaide CBD, the City of Marion is one of the state’s largest metropolitan councils, covering about 55sq metres. Economic activity in the Tonsley Innovation District, the site of the former Mitsubishi Motors assembly plant, is home to 30 innovative research, technology and science startups, established businesses, institutions and a new teaching hospital and university campus with 6,500 students, following a $1 billion injection. “The announcement by Flinders University that it plans to build a $1.5 billion Flinders Village comprised of educational facilities, hotel and student accommodation will boost Marion’s prospects even further.”
The Moreton Bay Region, located between Brisbane and the Sunshine Coast, is one of the highest-growth LGAs in Australia, the report notes it is underpinned by high levels of infrastructure spending and housing affordability. The Moreton Bay region has been the top market in greater Brisbane, in terms of the number of suburbs with rising sales activity, it also has numerous suburbs with rising demand and price growth above Brisbane averages. Home to 3,800 hectares of vacant land for residential and commercial projects, the report notes that the region is expected to grow 40 per cent over the next 20 years. By 2041, Moreton Bay Regional Council (MBRC) forecasts the region will also need an extra 88,000 dwellings.
Continued on following page →
EDITORIAL
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They are places on the cusp of a phase of good capital growth, locations with drivers of demand for real estate, which will place pressure on prices & rents. Terry Ryder, Hotspotting
Bendigo Victoria
Joondalup Western Australia
Located 130 kilometres north-west of Melbourne Bendigo is a key regional centre in Victoria, largely thanks to its steady local economy, proximity to Melbourne and transport links to the capital, which include the $5 billion Regional Rail Link. Economic prospects also include the $630 million re-development of Bendigo’s hospital, plans to develop the city’s first master-planned residential community, and the awarding of a $1.3 billion defence contract. The report notes the standout features of Bendigo's property market as affordability (houses typically priced below $400,000), strong yields (around the 5 per cent to 5.5 per cent range) and some of the lowest vacancy rates in the nation, with many postcodes below 1 per cent.
Located 25 kilometres north of Perth's CBD, the area has seen an uplift in sales activity in the past 12 months. The City of Joondalup is one of the largest local government areas in Western Australia by population, and home to a higher than average number of university-educated people in the LGA at 18 per cent. After several down years, the recovery in Perth's market has been dominated by four municipalities — Joondalup, Stirling, Wanneroo and Melville. The report notes that sales activity and price data confirms this is still the case, with the Joondalup LGA home to seven suburbs with rising demand and five with consistent sales activity. “Most postcodes in this LGA now have vacancy rates below 3 per cent, although postcode 6027 (Joondalup, Heathridge, Edgewater, Ocean Reef and Connolly) is a little higher at 3.3 per cent.”
Port Adelaide South Australia The City of Port Adelaide Enfield is located in the north-western suburbs of Adelaide, 8 to 14 kilometres north-west of the city CBD and spans 50 suburbs. A renowned industrial precinct, the core industry in the area is ship building. “Over the past five years, inconsistencies in the number and size of ship building contracts led to a large number of job losses, earning this location the nickname “valley of death”. But from 2017, state government committed to a new $40 million building to house 500 of its public servants, and federal government announced $89 billion to be spent on building 12 submarines. The flow-on effect has seen the Port Adelaide Enfield LGA emerge in 2018 as an up-and-coming market, offering affordable housing options, good yields and low vacancy rates.
Mackay Queensland Sugarcane, tourism and coal mining are the traditional industries of the Mackay Region. While the region was impacted by the slowdown in the resource sector, along with cyclone Yasi in 2011 and Cyclone Oswald in 2013, the report says Mackay’s property market is recovering. Signs of modest growth and stabilising vacancy rates began in 2017. The trend has been accompanied by falling vacancy and unemployment rates. Major construction projects include the $583 million Lindeman Island resort redevelopment, the $30 million Ozcare aged care facility due in 2020, and the $45 million Plantation Palms estate. Located 950 kilometres north of Brisbane, the region is also near the Whitsunday Islands.
City of Stirling Western Australia The City of Stirling is the largest local government area in the Perth Metropolitan area. Located 6 to 17 kilometres north of Perth CBD, a $1.6 billion urban regeneration project is under way there. While Perth's property market has suffered since the resource slowdown, the HotSpotting report notes that the City of Stirling's local property market has recorded rising sales activity. The region is the second-largest employment area in Western Australia and has been one of the steadiest precincts during Perth’s market downturn.
Darebin LGA Victoria Located about 10 to 15 kilometres north of Melbourne CBD, Darebin highlights include strong population growth, education-medical infrastructure, low vacancies, proximity to the Melbourne CBD and is named as a major activity centre by state government. The report notes that a key strength of the Darebin LGA is its long-term growth rates, with the average annual growth in median house prices over 10 years, between 7 and 8 per cent. “These are complemented by low vacancies, with most postcodes currently below 2 per cent.”
Latrobe Valley Victoria Affordable entry points, good rental yields and a country lifestyle are this region's attractions. Latrobe City is recognised as one of Victoria’s four major regional centres along with Ballarat, Bendigo and Geelong. Located 138 to 165 kilometres east of Melbourne, the report notes that buyer demand has slowly moved eastward from Melbourne in the last few years, with increased activity in towns across the Latrobe Valley.
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MARKE T MOVES
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MARKET MOVES: AROUND THE COUNTRY Victoria Melbourne’s suburban office assets have proved a hot commodity, particularly in the south-east, with Singapore property giant Ascendas REIT picking up a new eight-level Mulgrave office building, which is set for completion in mid-2020, for close to $111 million. The Mulgrave building is currently being developed by a joint venture between Asia-based real estate platform ESR and Frasers Property, and will serve as the new national headquarters for carmaker Nissan. Another major suburban office deal transacted recently, with Melbourne's Zagame family agreeing to pay $55 million for a Hawthorn building currently leased to Swinburne University. The four-storey building was originally held by Sydney-based investment firms Trumen Corp and Bricktop Group, who paid $37 million for it in 2015. Melbourne’s industrial west continues to affirm its strength and high demand status, as Singaporean giant Mapletree Logistics REIT agrees to buy a yet-to-be-built, untenanted 15,000sqm warehouse in Truganina for $18.4 million. The warehouse is to be constructed by Wooreddy Investments and will reach completion in 2020. An eight-hectare site in Cranbourne North, has been picked up by New Zealand retirement village developer and operator Summerset for an estimated $15-$16 million, marking their first entry into Australia. The Brighton Swim School in Mel bourne’s Bayside area has sold for $6 million to a private developer who plans to redevelop the property following local council announcements to spend $43.6 million on new community facilities in the area. The 1,040sqm corner property was sold with approved plans for 17 luxury apartments and ground-floor shops.
New South Wales Local developer Billbergia has found a buyer for the hotel component of their 48-storey mixed-use tower in North Sydney, with The Ascott Limited entering into a joint venture with Qatar Investment Authority, to pay $202 million. The 252-room hotel is expected to be completed in 2021 in what will then become North Sydney’s tallest tower. One of state capital’s biggest mixed-use urban renewal projects, Central Park, has recently sold three of its retail properties for $174.5 million. The $2 billion development is the result of a joint venture by Frasers Property Australia and Sekisui House Australia, who sold the three assets in one line – totalling a GFA of 14,600sqm – to Fortius Funds Management and SC Capital Partners Group. Wentruth Pty Ltd, a private Asian investor and new entrant to the Australian market, has agreed to an exchange of $80 million for a six-storey office building in Parramatta's CBD. Raffles Education bought the property in 2014 for $29 million and have been looking for a buyer since their only campus closed earlier this year. Local developer and founder of Winarch Capital, Paul Lambess, has recently picked up several industrial properties within Morisset Business Park next to Lake Macquarie for $27 million. A deal was struck with former owners Bill and Imelda Roche for $27 million. Seven out of a total 10 new strata industrial units in Seven Hills, developed by Rio Developments, have been pre-sold to a mix of investors and owner-occupiers for more than $7.5 million. A 2,314sqm development site belonging to Radiate in Taren Point in Sydney's Sutherland Shire has sold for $5.1 million to private group Alexander Investment Holdings. The new owners have announced intentions to build a multi-level warehouse with smaller factory units at the property.
Queensland 171 Edward Street in Brisbane's Golden Triangle has sold to Dexus for more than $80 million in an off-market transaction. The asset was sold by Aria Property Group with an approved permit for an 81-storey, 274m tall skyscraper encompassing 642 apartments and a number of shops. Several media sources have speculated that Dexus will proceed with a commercial tower, rather than the approved residential. Brisbane's office market is enjoying a steady recovery after the recent successful transaction of 25 Montpelier Road in Bowen Hills for $65.4 million. Centuria are responsible for the purchase of the cityfringe commercial building, stating that they have strong expectations for Brisbane office growth to "ramp up in the next six to 12 months". Little-known Noosa-based developer, Altum Property Group, has struck a deal with Terry Agnew's Tower Holdings to develop a resort at Great Keppel Island. Contracts for the leasehold have been exchanged and now await the required approval of the Queensland state government. The final sale amount is yet-to-be-disclosed, and comes after a previous $50 million sale in October 2018 to Wei Chao Pty Ltd fell through. A large development site in Lutwyche, has been picked up by BPG Developments for $4.025 million. The site was sold with a stage-two development approval for 74 apartments, however BPG plan to progress with a 68-apartment project.
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Image: Frasers Property ↓
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South Australia
Western Australia
Investec Australia Property Fund has struck a deal to secure three industrial assets in Gillman (SA), Welshpool (WA) and East Arm (NT) from Charter Hall’s Prime Industrial Fund for a combined $81 million. JLL's Australia head of capital markets, Tony Iuliano, noted that the sales revealed that demand for industrial assets at a time of low stock, was pushing investors beyond the core eastcoast markets. A homemaker centre in Salisbury Downs belonging to Moelis Australia Asset Management has sold to a local private investor for $12.95 million. The Hollywood Plaza Large Format Retail complex sits on a property of 3.7-hectares offering future development options as the shopping centre only occupies 22% of the total property. A childcare centre in Hallett Cove, purpose-built by Accord Property, has sold for just over $4.3 million to a private investor. More industrial sales were made in Adelaide’s north with a large Wingfield industrial property selling for $2.5 million. The presented strong future development prospects, with close proximity to Port Adelaide, alongside an existing 5,350sqm warehouse.
Ahead of its planned $255 million public listing, ASX-listed Elanor Investors Group has agreed to two separate acquisitions; one at 200 Adelaide Street in Brisbane and one at the A-grade WorkZone commercial building in Perth’s CBD. The fund already owns 51% of the Perth property, which it bought for $125.25 million last year. Including the two new acquisitions, the fund will list with six assets independently valued at $306 million. West Australian hotel proprietors Dave Allan and Lawson Douglas have recently announced the purchase of the iconic Subiaco Hotel in Perth. The price remains undisclosed, however media reports indicated that it would sell above $10 million. JLL have indicated that the sale attracted 120 enquiries and multiple bids. A large and highly-regarded development site, in Perth’s popular Mount Hawthorn, has traded between two well-known local developers for $2.65 million. As well as clearing and preparing the property for development, previous owners Yolk Property obtained a development application for a mixed-use project before selling.
STATE SPOTLIGHT
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STATE SPOTLIGHT: VICTORIA
Municipality Report: City of Boroondara
Victorian Auction Schedule
Industry Experts: City of Boroondara
Victorian Listings
Caydon Moves Ahead on Nylex Site
Content by: Jack M. Gaffney
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↑ Sierra (Hawthorn) Image: JD Group
Municipality Report: City of Boroondara The City of Boroondara is a popular municipality comprising of 13 suburbs in Melbourne’s inner-east. The name Boroondara is derived from the Woiwurrung language (as spoken by the Wurundjeri Indigenous Australians; the original inhabitants of the land), meaning "where the ground is thickly shaded”. While the land has been transformed dramatically since then, the name still holds true as Boroondara remains one of the leafiest and tree-filled municipalities in Melbourne. Renowned for high quality schooling and old family homes built on large residential blocks, the neighbourhoods are highly appealing for affluent families. Empty nesters that are starting to enter retirement also show a preference to maintain the family home, or downsize within immediate proximity. RESIDENTS The 2019 estimated residential population of Boroondara is 185,935, representing a growth of 16.8% from the 2011 Census figure of 159,184. With affluent emerging families continuously looking to enter and a strong representation of early retirees remaining true to their long held homes, the streets are filled with a mix of every age bracket. There has been an uptick in subdivision and townhouse developments in recent
years, as developers look to capitalise on demand for well-designed homes, at more affordable prices. Between the 2016 and 2011 Censuses, the number of semi-detached homes and townhouses rose by almost 50%. With many homes occupying large blocks of land, there is considerable opportunity to meet residential demand in this way. CULTURE The municipality of Boroondara presents a myriad of leafy streets and noticeably affluent homes. It’s a stroller’s paradise; with shade though the summer that breaks through to open skies after the autumnal fall. Parks are in abundance, retail and commercial strips are calm and plentiful and it also offers some of the best public transport access in the city. The Eastern Freeway borders the north, while the M1 Freeway borders the south; whether heading into the city, or away from it, residents have plenty of options for getting around. Boroondara also famously has one of the highest concentrations of schools in Australia, with many private schools included in the mix. Some of the notable schools are Xavier College, Methodist Ladies' College (MLC), Camberwell Grammar School, Trinity Grammar School, Carey Baptist Grammar School and Scotch College.
SIGNIFICANT PROJECTS Sierra (Hawthorn): This highly ambitious and well executed residential development encompasses one building, six-storeys and a total of 293 residences. Designed by Rothelowman Architecture and lead by developers JD Group, the complex offers a range of dwelling structures from one to four bedrooms. A limited number of terrace homes were included as well. Some notable amenities include a rooftop garden terrace with CBD views, an indoor/outdoor dining area, BBQ area with lounges, hotel-style lobby, fully equipped gym, swimming pool and spa. Tate (Kew): Currently in the sales and registration phase, developers Angle and Buxton Group have joined with Cera Stribley Architects and Eckersley Garden Architecture, to present eight townhomes in one of Kew’s most exclusive and tightly-held pockets. Located in the prestigious Sackville Ward precinct, Tate has been designed to respond to the demands of modern families: spacious, flexible and with beautiful designs. Home start from $1.895 million.
Continued on following page →
MUNICIPALIT Y REPORT: CIT Y OF BOROONDAR A
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Median House
Median Unit
Suburb
Price
Rent / Week
Suburb
Price
Rent / Week
Ashburton
$1.475 million
$545
Ashburton
$961,000
$573
Balwyn
$2.059 million
$700
Balwyn
$650,000
$450
Balwyn North
$1.565 million
$590
Balwyn North
$1.045 million
$445
Camberwell
$1.847 million
$780
Camberwell
$739,500
$465
Canterbury
$2.39 million
$850
Canterbury
$1.445 million
$455
Deepdene
$2.625 million
$1,073
Deepdene
$1.06 million
$490
Glen Iris
$1.788 million
$700
Glen Iris
$627,500
$425
Hawthorn
$2.082 million
$718
Hawthorn
$523,500
$420
Hawthorn East
$1.805 million
$750
Hawthorn East
$547,500
$435
Kew
$1.99 million
$793
Kew
$810,000
$450
Kew East
$1.712 million
$612
Kew East
$1.02 million
$440
Mont Albert
$1.69 million
$600
Mont Albert
$745,000
$445
Surrey Hills
$1.731 million
$655
Surrey Hills
$738,000
$450
AVERAGE PRICES Figures as of 27 September 2019
↑ Tate (Kew) Image: Angle & Buxton Group
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Industry Experts: City of Boroondara Toni Stevens MediCredi Financial Services
Domenic Cerantonio Cera Stribley Architects
With over 20 years of knowledge in financial advisory services, MediCredi offers financial solutions including Commercial Finance, Development Finance Equipment Finance, Office or Practice Fit Outs, Cash Flow Lending, Asset Finance and other Residential Mortgage Needs. Toni Stevens is the Managing Director of MediCredi with significant experience across the banking sector and property finance. Her expertise and trusted industry relationships have garnered a reputation for expert solutions that are hassle-free, transparent and swift.
Cera Stribley Architects was founded by Domenic Cerantonio and Chris Stribley in 2014, growing quickly to a team of 30 dedicated personnel. The office is dedicated to intelligent building and interior design, while also ensuring spaces are inviting, social and engaging. Recently, CS-A has been shortlisted to the Top Ten emerging practices of Australia by Architecture Media’s Houses Awards. They have also been featured in Bespoke Careers - The Culture of Practice, a book that highlights selected studio culture of 100 different architectural practices world-wide. Domenic Cerantino views architecture as a tool for bettering the way society lives and works. He has achieved this goal numerous times over through his expansive career, always pursuing designs that are aesthetically timeless, of enviable distinction and that utilise high-quality materials.
W. medicredi.com.au P. +61 400 993 340 E. toni@medicredi.com.au A. Waterman Chadstone Level 2, 1341 Dandenong Rd Chadstone VIC 3148
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W. cs-a.com.au P. +61 3 9533 2582 E. info@cs-a.com.au A. 4/249 Chapel St Prahran VIC 3181
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MUNICIPALIT Y REPORT: CIT Y OF BOROONDAR A
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Industry Experts: City of Boroondara Greg Adshead Lumiére Group
Gary Wissenden Hansen Partnership
Lumiére is a project management, development management and property advisory business with a full suite of value add services. Their broad range of expertise enables them to go above and beyond, assisting clients in identification and acquisition, sales and marketing, feasibility and DD services, planning and design development management and more. Greg Adshead is the Managing Director of Lumiére and represents twenty years of experience in development, management and construction. He has worked on some of Melbourne's most iconic commercial and residential projects.
Hansen Partnership is an award-winning planning and design practice offering services in urban planning, urban design and landscape architecture. Offering creative yet practical strategies for development approvals, Hansen have built a highly regarded reputation in statutory planning across a wide range of development approval projects and have a specialist understanding of the nuances of the planning permit approvals process. Gary Wissenden is a town planner with over 16 years’ professional experience in public and private sector roles. His career has taken him to the United Kingdom as well as the Cities of Stonnington, Boroondara, Yarra and Glen Eira in metropolitan Melbourne, in addition to more than eight years in the private sector working across metropolitan, peri-urban, coastal and rural projects.
W. lumieregroup.com.au P. +61 418 141 103 E. info@lumieregroup.com.au A. 1509/26 Southgate Avenue Southbank VIC 3006
Click to View Profile W. hansenpartnership.com.au P. +61 3 9654 8844 E. info@hansenpartnership.com.au A. Level 4, 136 Exhibition St, Melbourne VIC 3000
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Introducing: Local Area Experts
If you’re an industry expert such as Architectural, Town Planning, Building, Financial Services or Consultant, your company brand message can now exclusively appear within every property listing in your selected suburbs.
Geographically targeting a qualified audience of investors and developers while they are actively searching for their next development project is clever marketing. Talk to us today about how Development Ready’s Local Area Experts platform can really boost your Company’s marketing program.
CONTACT Ted Lloyd Tel: 0408 276 103 ted@developmentready.com.au
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STATE NE WS
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Victoria News: Caydon Moves Ahead on Nylex Site Supplied by:
Joe Russo's Caydon group has topped out the first new building of its $1 billion mixed-use apartment project at the Nylex Maltings site overlooking the Yarra in Richmond. The completion of the project's nine -level, 8,800sq m commercial tower at the site’s southeastern corner is the first milestone in the transformation of the former industrial precinct into a vibrant commercial, residential, retail and hospitality hub. Caydon, one of Melbourne's largest private developers, boasts a $4 billion development pipeline spread across projects in Melbourne as well multi-family apartment projects in Houston and Seattle. The developer acquired the mainly derelict but historically significant site 1.1 hectare site in late 2014 for $38 million. Stage one of the project also includes a 15-level apartment tower and supermarket. Stage
two will include more apartments, as well as shops, bars, cafes and restaurants. The masterplan for development also incorporates heritage retention of many of the concrete silos, as well as the Victoria Bitter sign and the famous Nylex clock, which will be fully restored and reinstated. The newly-completed commercial building, which is leased to software company MYOB, reinforces the area’s rapidly growing reputation as a dynamic tech hub, coined “Silicon Yarra”, also home to other well-known tech brands such as Uber, Seek and REA. MYOB’s entire Melbourne team will be co-located in Cremorne when it transitions more than 500 staff into the tower. “Historically, this was an important hub for jobs, commerce and investment in Melbourne and through The Malt District it is becoming one again,” Caydon principal Joe Russo said.
“This vision for this project has been a long time in the making and to see it start to come to fruition is really satisfying.” Contractors Probuild, who are responsible for first stage construction, has collaborated with Caydon previously on two earlier residential towers. Major work on stage two of the project involving restoration and retention of heritage structures and assets is expected to progress later this year with construction expected to begin on two further buildings designated for commercial use. Work is also progressing on Coppins Corner, a 15 and 12 split-level tower featuring 209 one, two, and three-bedroom apartments, 60 per cent of which have been sold.
Image: The Urban Developer ↓
THE PROPERT AUCTION & EOIY SCHEDULE DE VELOPMENT RE VIE W
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Your list of upcoming Auction and Expression of Interest (EOI) closing dates for all major Victorian properties. Click on the link to view the listing.
215 Highfield Road
Camberwell
For Sale
Contact Agent
Aston Commercial
View
510-512 Station Street
Carrum
EOI
Contact Agent
Real Properties
View
969 & 971 Glen Huntly Road
Caulfield
For Sale
Contact Agent
Aston Commercial
View
254-260 Albert Street
East Melbourne
EOI
Wed 20.11.19 @ 2pm
JLL
View
34 Moreland Street
Footscray
Auction
Fri 15.11.19 @ 1pm
Allard Shelton
View
7 Wightman Street
Footscray
Auction
Thu 31.10.19 @ 2:30pm
Allard Shelton & Vinci Carbone
View
265-269 Burke Road
Glen Iris
For Sale
Contact Agent
Aston Commercial
View
45 Craig Road
Junction Village
EOI
Wed 13.11.19 @ 2pm
Colliers International
View
26-28 Panorama Avenue
Lower Plenty
Auction
Fri 01.11.19 @ 1pm
Jones Real Estate
View
142 Ashley Street
Maidstone
EOI
Thu 31.10.19 @ 3pm
Dawkins Occhiuto
View
14-16 Williamson Road
Maribyrnong
EOI
Contact Agent
Knight Frank & Gross Waddell
View
10 Alvina Street
Oakleigh South
EOI
Fri 15.11.19 @ 2pm
CBRE & Gross Waddell
View
1 Thomas Court
Parkdale
EOI
Contact Agent
Jones Real Estate
View
17-19 Balmoral Avenue
Springvale
For Sale
Contact Agent
Aston Commercial
View
1 Brighton Road
St Kilda
Auction
Fri 22.11.19 @ 10:30am
CBRE
View
VICTORIAN LISTINGS
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Park-side East Melbourne
254-260 Albert Street, East Melbourne →
Site Area of 1,533 sqm
→
Flexible Commercial 1 zoning
→
Unparalleled location overlooking Fitzroy Gardens
→
Building area of 1,454 sqm with striking Victorian era façade
→
4.5 NABERS Energy rating
→
Melbourne’s most sought-after residential address
0437 440 245 0414 510 071
0466 620 828 Wednesday 20 November 2019 by 2pm (AEDT) *All figures are approximate
0407 320 377
THE PROPERT Y DE VELOPMENT RE VIE W
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For Sale: 510-512 Station Street, Carrum 510-512 Station Street, Carrum, provides a rare opportunity to secure a landmark mixed-use development site in this tightly held bayside suburb. The site is ideally located directly off Nepean Highway, seconds to Carrum Station and at the doorstep of Port Phillip Bay. It is approximately 35km south-east of Melbourne’s CBD which is easily accessible via several road networks and public transport. Situated within the Carrum commercial precinct, the local area features an impressive array of amenity which will underpin retail success and residential demand predominantly from young professionals and downsizers.
View Listing
Ben Ameti 0434 551 577 bameti@realproperties.com.au
A Premium Bayside Locale • Significant 1,624m2 Commercial 1 Zoned landholding (C1Z) • Triple street frontage onto Station Street, McLeod Road and Village Lane as well as unique views over Carrum beach and Patterson River •
Short term income from current retail tenancies
• Approved permit for 20 apartments and three retail shops across two levels • Significant local infrastructure investment including the construction of the new Carrum Train Station, completion by 2020 • Positioned in the centre of Carrum’s commercial precinct Expression of Interest closes at 5pm 24th of October www.512stationstreet.com.au
Jet Saliu 0432 898 689 jsaliu@realproperties.com.au
Joseph Catanese 0418 367 514 jcatanese@realproperties.com.au
VICTORIAN LISTINGS
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THE PROPERT Y DE VELOPMENT RE VIE W
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Accelerating success Reach more people – better results faster.
colliers.com.au
VICTORIAN LISTINGS
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FOR SALE | AUCTION 26-28 Panorama Avenue, Lower Plenty, VIC 3093 INCREASINGLY RARE 1,609SQM* RESIDENTIAL DEVELOPMENT OPPORTUNITY WITH ‘PLENTY’ OF UPSIDE – Suburb annual growth rate of 10.1% – Development schemes available for 4 to 6 townhouses^ – 30m* of clear frontage to Panorama Avenue – 10* minutes from Westfield Doncaster & Northland Shopping Centre – 16km* north east of Melbourne’s CBD – Surrounded by prominent primary & secondary schools – N eighbourhood Residential Zone – Banyule City Council For Sale via Public on-site Auction Friday 1st November 2019 at 1pm. ^Subject to council approval *Approx
View Opportunity
Paul Jones +61 488 779 749 Sam Guest +61 458 467 482
Tim Spargo +61 402 747 030 Patrick Kerr +61 451 142 791
Paul Jones +61 488 779 749 Sam Guest +61 458 467 482
Tim Spargo +61 402 747 030 Patrick Kerr +61 451 142 791
FOR SALE 1 Thomas Court, Parkdale, VIC 3195 UNIQUE OPPORTUNITY TO BECOME THE ONLY DEVELOPER IN PARKDALE – Town planning approval to develop 18 apartments & 4 generous townhouses – P roject designed by award winning Chamberlain Architects & Jack Merlo Design – Total site area of 2,159sqm* – D ual street frontages including 24.24m* to Thomas Court and 25m* to Nepean Hwy – S urrounded by public transport, local retail strip, shopping centres & prestigious schools – Moments from one of Melbourne’s best beaches – General Residential Zoned – Kingston City Council For Sale by Expressions of Interest closing Thursday 24th October 2019 at 12pm. * Approx
View Opportunity
Commercial Real Estate Specialists
www.jonesre.com.au
THE PROPERT Y DE VELOPMENT RE VIE W
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Premium permit approved mixed use delopment. 14-16 Williamsons Road, Maribyrnong VIC. For Sale by Expressions of Interest closing Wednesday, 20 November at 4pm (AEDT).
Fender Katsalidis designed permit
In excess of 10,000 sqm* of NSA
180m* to Highpoint Shopping Centre
Located within the Highpoint Activity Centre, this sprawling development site boasts significant scale and flexibility and offers an unrivalled opportunity to develop a premium mixed use development. Significant permit approved 10 level development site. •
Sprawling parcel of land with 2 street frontages with a land area of 2,119* sqm
•
Scope to use the existing permit or convert; hotel, build-torent, commercial or aged care (STCA)
Danny Clark 0448 066 889 Ed Wright 0421 213 021
View Listing View at knightfrank.com.au
*Approx.
Andrew Greenway 0409 547 626 Andrew Waddell 0419 400 991
/1234567
142 Ashley Street Maidstone VIC 3012 MAJOR INNER WESTERN DEVELOPMENT OPPORTUNITY • Landholding of 13,630 sqm, approx. • Mixed Use zoning allowing for a staged medium to high density mixed use project • Adjacent to Costello Reserve with over 100m of direct parkland interface • 3 street frontages to Ashley Street, Whittaker Street and Halstead Street • Immediately opposite convenience based neighbourhood shopping centre • Immediate public transport access • Located between major activity centres of Sunshine & Footscray and 2 university campuses • Short term holding income • Flexible terms available.
Walter Occhiuto 0410 438 417 Andrew Dawkins 0419 317 006
View Listing
Artist’s impression of approved development
View at knightfrank.com.au /1234567
VICTORIAN LISTINGS
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All these properties are different. That’s why our approach is. When it comes to gaining the maximum from a property investment, there’s no one size that fits all.
From there it’s up to you.
That’s as true of the four properties across the page, as any other we deal with.
As a trusted generational advisor with a commitment to embracing change, we have strong experience with development, do our homework first and talk second.
Each has qualities that immediately stand out.
We’re not in it for the quick sting, but for the long term and we think that’s a bit different.
Park views, generous street frontage, public transport hub and strong income in prime corner position.
Good luck and good buying.
astoncommercial.com.au
Talk to us about a different way. Call 8532 2222.
THE PROPERT Y DE VELOPMENT RE VIE W
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969 & 971 Glen Huntly Road, Caulfield
SALE
265-269 Burke Road, Glen Iris
SALE
DUAL PROPERTY CORNER
BUILD THE BOUTIQUE ON BURKE
Total Land Area: 426 sqm*
Combined street frontage of 49m* to Glen Huntly and Fallon Roads
Land Area: 525 sqm*
Price Guide: $2.5 Million
Zoning: Commercial 2 (C2Z)
Well connected by public transport and major arterials
Zoning: Commercial 1
Long Term Settlement Offered
Office development scheme offering 806 sqm* NLA over 4 levels
Existing retail / dwelling + Rear Laneway Access
Substantial 15m* street frontage
Flexible Deposit terms
Max Warren Liam Rafferty
0488 296 892 0421 886 655
215 Highfield Road, Camberwell
PERMIT APPROVED TOWNHOUSE SITE
Zoning: General Residential 1 (GRZ1)
Close proximity to public transport and prominent private schools Blue chip location with elevated views of Lynden Park
Permit Approved for 5 luxury townhouses
Jeremy Gruzewski Liam Rafferty
0418 567 560 0488 296 892
17-19 Balmoral Avenue, Springvale
SALE
SALE
Land Area: 1,416 sqm*
Fred Nucara Max Warren
0422 211 021 0421 886 655
INCOME + POSITION + POTENTIAL = GOLDEN PLAZA Land Area: 2,968 sqm*
Permit for 10 levels with 11,128 sqm* NSA
Zoning: Commercial 1
1,865 sqm* arcade with 14 ground shops and first floor restaurant
Strong income with significant upside
Prime corner position
Jeremy Gruzewski Fred Nucara
0422 211 021 0418 567 560 *approx
a different way
VICTORIAN LISTINGS
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FOOTSCRAY LI JU ST ST ED
34 Moreland Street
CORNER THE UPSIDE * Superb 370 sqm* corner freehold * Occupy/Invest/Develop * Existing Planning permit for 6 Level building For more information please contact: James Gregson Michael Ryan Martin Huang
0421 516 480 0433 180 199 0416 161 166
VIEW LISTING
FOOTSCRAY 7 Wightman Street
BOOMING INNER WEST DEVELOPMENT OPPORTUNITY * Approved Planning Permit * Thriving Inner West Suburb * Proven Development Location
For more information please contact: Frank Vinci 0418 375 375 James Gregson 0421 516 480 0416 161 166 Joshua Franzi 0428 253 430 Martin Huang
VIEW LISTING
9654 3222
Level 3, 267 Collins St Melbourne allardshelton.com.au
THE PROPERT Y DE VELOPMENT RE VIE W
Want to advertise in The Property Development Review? Call 03 9631 5476 or Email enquiries@developmentready.com.au
DevelopmentReady.com.au
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STATE SPOTLIGHT
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STATE SPOTLIGHT: NEW SOUTH WALES
Suburb Report: Double Bay
New South Wales Auction Schedule
Lendlease Nabs Salesforce
New South Wales Listings
Content by: Jack M. Gaffney
THE PROPERT Y DE VELOPMENT RE VIE W
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↑ Essence Image: Golden Age Development
Suburb Report: Double Bay Elegant, fashionable, charming and delightful, Double Bay is a prized jewel in Sydney’s eastern suburb crown. But it’s not just Sydneysiders who have taken notice, with interstate and international players consistently turning up hoping to slice off their own little piece. Luxury hotels, high-end designer stores, salons, cafés, a burgeoning dining and bar scene; the abounding affluence gives the impression that people float through their day on a cloud. And it’s not too far off the reality. RESIDENTS Between the 2011 and 2016 Censuses, the Double Bay population remained steady at 4,642. In fact, the number of dwellings and structure of those residences remained effectively stagnant too. It’s only in more recent years that developers in the area have started to get more active. Even still, don’t expect population numbers to soar; residents want their space, and they’re prepared to pay for it. The streets are lined with beautiful old and rejuvenated Art Deco apartment blocks, which are a badge of honour for many working professionals. That being said, empty-nest family homes are still occupied by much of the older generation who don’t wish to move on; it’s commonplace to see
cafés frequented by multiple age brackets. CULTURE High-end fashion boutiques, the twinkle of sunlight dancing off the harbour, well maintained parks and reserves; Double Bay is luxury and everyone loves it! Behind the luxury curtain however is a quaint, charming village, that many of the locals say is starting to truly blossom. Families are taking up space with their sidewalk prams, a Parisian style café has everyone saying merci, and ‘strolling’ is an ever-important part of one’s daily routine. It’s a luxurious neighbourhood sure, but it’s not ostentatious; it’s comfort where money isn’t a concern. HOUSES The median house price peaked in late 2018 at around $5 million, but has started to steady off as of 27 September 2019 at $3.85 million. This is good news for developers who might look to subdivide or redevelop home blocks and deliver some high-quality apartments to some eager buyers. Weekly median advertised rent is $1,600. UNITS The median unit price however did not experience the same peak as houses, but has rather kept a generally stable num-
ber over the past five-plus years. The median price for units as of 27 September 2019 is $1.322 million. Weekly median advertised rent is $730. SIGNIFICANT PROJECTS Essence: Project lead by Golden Age Development and designed by the renowned a+ Design Group, this luxury project encompasses two separate four-storey buildings just moments from the Double Bay village. Essence is a sophisticated and contemporary development of just 37 residences (one, two and three-bedroom) all offering views over Double Bay and Sydney Harbour. Residents can also enjoy both communal and private outdoor/entertainment areas. Marmont: Another boutique residential development, Marmont presents eight two-or-three-bedroom residences across four floors and again with Sydney Harbour views. MHNDUnion is the architecture firm behind the designs, while Fortis Development Group lead the charge. Special features include oak floorboards, Miele appliances, natural stone and marble incorporated in the design, floor-to-ceiling glazed windows and terrace balconies.
STATE NE WS
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New South Wales News: Lendlease Nabs Salesforce for 50% of Circular Quay Skyscraper
↑ Image: The Urban Developer
Supplied by:
Sydney’s tallest building will be dubbed the “Salesforce Tower Sydney” after its newly-announced anchor tenant, with the US software giant taking up nearly 50 per cent of the Circular Quay skyscraper. The US$130 billion tech behemoth, which pioneered cloud-based customer management software, has secured the naming rights to the $1.5 billion tower as it expands its presence in Australia. Salesforce will occupy 24 levels in the 53-storey tower on the former Jacksons on George site, with its 1,000-plus strong workforce set to move in to the tower by late 2022. The Foster and Partners-designed tower forms part of the broader renewal at Circular
Quay, which Lendlease is developing in partnership with China’s Ping An Real Estate and Japan’s Mitsubishi Estate Asia. Ping An is the majority partner, contributing 50 per cent toward the development of the Circular Quay hub, with Mitsubishi and Lendlease making up the remaining 30 per cent and 20 per cent respectively. While Salesforce has not responded to enquiries about the details of the deal by the time of publishing, a sub-4 per cent vacancy rate in Sydney’s CBD has pushed the prime net face rent rate well above the $1,000 per square metre mark. Earlier this year, Deloitte struck a 10 -year lease for 32,000sq m metres at AMP’s neighbouring Quay Quarter
Tower for around $1,400 per square metre. The Circular Quay precinct will soon welcome the Sydney light rail, with other major office projects nearby including Mirvac’s $1.5 billion 55 Pitt Street and Poly’s namesake commercial tower at 220 George. Lendlease property chief executive Kylie Rampa said that the developer worked closely with Salesforce on its new workplace. Salesforce, which is listed on the New York Stock Exchange under the ticker CRM, said it will convert the top floor of the tower into a shared hospitality space for its employees and customers. The tower is one of ten towers the company has its name
on worldwide, including its headquarters in San Francisco’s tallest tower—a 61-storey skyscraper designed by architect César Pelli. As part of its Australian expansion, the company said it will add 1,000 new jobs in Sydney over the next five years.
THE PROPERT AUCTION & EOIY SCHEDULE DE VELOPMENT RE VIE W
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Your list of upcoming Auction and Expression of Interest (EOI) closing dates for all major New South Wales properties. Click on the link to view the listing.
54-58 Robertson Road
Moss Vale
For Sale
Contact Agent
Community First
View
19-33 Chandos Street
St Leonards
EOI
Thu 07.11.19 @ 3pm
CBRE
View
225-235 Eighth Avenue
Austral
For Sale
Contact Agent
CBRE
View
1 University Drive
Campbelltown
For Sale
Contact Agent
CBRE
View
44-46 Maple Road
Casula
Auction
Wed 13.11.19 @ 10:30am
Ray White Commercial
View
50 Great North Road
Five Dock
EOI
Tue 22.10.19 @ 4pm
Knight Frank
View
41-57 Cowper Street
Granville
EOI
Fri 15.11.19 @ 5pm
Higland
View
3, 5 & 7 Middlemiss & 64 & 66 Lavender Street
Lavender Bay
EOI
Thu 07.11.19 @ 4pm
Colliers International
View
38 Moore Street
Liverpool
EOI
Thu 31.10.19 @ 2pm
Colliers International
View
Stages 2 & 3 Lachlans Line
Macquarie Park
Public Tender
Thu 05.12.19 @ 5pm
Knight Frank
View
142 Merrylands Road
Merrylands
Auction
Thu 31.10.19 @ 10:30am
Cushman & Wakefield
View
56 & 58 Kareena Road
Miranda
Auction
Wed 13.11.19 @ 5:30pm
Highland
View
361-365 Great Western Highway
South Wentworthville
EOI
Wed 13.11.19 @ 3pm
Colliers International
View
Lots 61 & 63, 61 & 63 Werris Creek Road
Tamworth
For Sale
Contact Agent
Commercial Collective
View
NE W SOU TH WALES LISTINGS
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Accelerating success Reach more people – better results faster.
LARGE LAND HOLDING IN PICTURE PERFECT LOCATION
3, 5 & 7 Middlemiss and 64 & 66 Lavender Street, Lavender Bay NSW 2060 Sold via Expressions of Interest Closing 4pm Thursday 7th November (AEDT) This sought-after development site in a premium Sydney Harbour apartment living location is a fantastic opportunity to capitalise on a large land holding with the following key features;
Guillaume Volz 0404 887 717
Henry Burke 0418 238 636
View Now
– Perfect position close to Sydney Harbour Foreshore – A proven and highly desirable apartment living lifestyle location in Sydney – Excellent access to transport, education, employment and retail – 285 metres* to Milsons Point Railway Station & – 285 metres* to North Sydney Train & Bus Interchange – 650* Metres to Milsons Point Ferry – Site Area of 2,304sqm* (Approx.) – Potential GFA of 19,193sqm** – Only 1.75 kilometres* North of Sydney CBD – Prime residential development opportunity in a proven apartment sales market
*Approximately ** Based upon massing studies by Ethos Urban & PTW
colliers.com.au
THE PROPERT Y DE VELOPMENT RE VIE W
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Accelerating success Reach more people – better results faster.
GEORGE STREET PLAZA, A ONCE IN A GENERATION OPPORTUNITY 38 Moore St, Liverpool, NSW, 2170 International EOI Closing 2pm Thursday 31st of October (AEDT) – Ultra-prime corner landholding of 1,374sqm* with triple street frontage – Within the heart of Liverpool CBD, a gateway to Western Sydney Airport – Currently improved with 14 retail suites and commercial office space – Highly flexible B3 Commercial Core zoning in Liverpool’s CBD, allowing for a future commercial, hotel-motel, or medical development (STCA). – Beneficial FSR of 5.75:1, providing an initial GFA of 7,900.5m²* (STCA) – Holding income of $221,755 per annum* – WALE of 1.22 years* by income (September 2019)
View Now Harry Bui 0418 477 888
Frank Oliveri 02 9840 0250
Nick Estephen 0488 748 186
Accelerating success Reach more people – better results faster.
HIGH EXPOSURE CORNER SITE WITH FLEXIBLE ZONING 361-365 Great Western Highway, South Wentworthville NSW 2145 EOI Closing 3pm Wednesday 13th of November (AEDT) – – – – – – –
Sizable 2,175.5sqm* Corner Site 75m* Frontage to Great Western Highway B6 – Enterprise Corridor Zoning 1:1 FSR 15m Height Limit Dual Street Access 3 Separate Parcels of Land
View Now Joe Sacco 0414 483 247
Jordan McConnell 0419 990 295
NE W SOU TH WALES LISTINGS
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Connecting people & property, perfectly.
Spring Valley Park
Melbourne CBD 29km* Retail Strip
ypass
ong B
n Dande
oad Springvale R Keysborough Primary School
Pa te
rso
Co o o ra R
moo
Crown Allotment 2272, Darren Road, Springvale South
nR oa
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1.27 ha* site in Springvale South Crown Allotment 2272, Darren Road, Springval South VIC. For Sale by Auction on-site Thursdayday, 20 June at 2pm (AEST). Exceptional in-fill site with optionality. Neighbourhood Residential Zoning
Huge development potential
Major Transport Links Nearby
For further information, please contact the exclusively listed agents below.
Perfectly positioned for a prime residential development this magnificent site abuts Keysborough Primary School encompassed within a strong residential area. Under the Neighbourhood Residential Zoning the astute buyer will seize the opportunity to create a brand new precinct within the current site and harbour a new and innovative community. Situated moments from Dandenong bypass and allowing easy access to both Eastlink and Springvale Rd, this property is sure to provide confidence to any purchaser. With Yarraman Railway Station, Keysborough Secondary College and Parkmore Shopping Centre in close proximity, this property is likely to fulfill even the most particular of purchasers.
18,463 sqm* Scott Timbrell Centrally 0423located 379to007StephenSiteKelly Excellent access to (Approx) 0407 320 377 major arterial roads fantastic ammenities Dominic Ong 0468 969 298James Thorpe 0414 510 071 View Listing View Listing
Zoned R4 High Density Residential
*Approx.
1.27 ha* site
THE PROPERT Y DE VELOPMENT RE VIE W
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Stages 2 & 3 Lachlans Line, Macquarie Park, NSW 2113. For Sale Via Invitation of Tender Closing Thursday 5th Dec 2019 at 5.00pm SUBSTANTIAL RESIDENTIAL DEVELOPMENT SITE
On behalf of Landcom, Knight Frank is delighted to offer to the market Stage 2 and Stage 3 of Lachlan’s Line, Macquarie Park.
Arguably the most substantial offering of 2019, Stage 2 and Stage 3 of Lachlan’s Line presents a unique opportunity to secure an impressive development opportunity within close proximity to the newly opened Sydney Metro. Upon delivery of this project, residents will benefit from a beautiful public domain with easy access to the CBD and emerging Macquarie Park as a key commercial, retail and educational precinct. – Offered as 2 stages encompassing 4 lots
– Total Land area of 18,463 sqm, with lots ranging from 2,656sqm up to 6,397sqm – R4 High density residential zoning
– Up to 82,212 sqm of permissible Gross Floor Area
– Varying height limit between 33 metres and 99 metres
– Opportunity to acquire in one line or separately (subject to submitting a conforming offer) – Roads, Central and Linear Parks complete – Lot services to the boundary
– Immensely impressive pedestrian bridge providing ease of access to North Ryde Metro currently under construction
– Surrounded by a wealth of amenity, including Macquarie Park Shopping centre, Macquarie University and Hospital – Close proximity to Lane Cove National Park
– Lachlan’s Line retail precinct is currently under construction including Coles as anchor tenant * Approx
NE W SOU TH WALES LISTINGS
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Connecting people & property, perfectly.
Spring Valley Park
Melbourne CBD 29km* Retail Strip
ypass
ong B
n Dande
oad Springvale R Keysborough Primary School
Pa te
rso
Co o o ra R
moo
Crown Allotment 2272, Darren Road, Springvale South
nR oa
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1.27 ha* site in Springvale South Crown Allotment 2272, Darren Road, Springval South VIC. For Sale by Auction on-site Thursdayday, 20 June at 2pm (AEST).
50 Great North Road, Five Dock NSW 2046. Exceptional in-fill site2019 with optionality. For Sale via Expressions of Interest Closing 22 October at 4:00pm
Site 1,258 sqm* (Approx)
Huge development potential
Neighbourhood Residential Zoning Zoned B4 Mixed Use
Major Transport Links Nearby
For further information, please contact the exclusively listed agents below.
Adam Bodon 0402 700 786 Anthony Pirrottina 0402 666 093 Excellent access to 558 Centrally Grant Bulpett 0415 226 located to major arterial roads fantastic ammenities Mark Litwin 0415 742 605 View Listing View Listing
Perfectly positioned for a prime residential development this magnificent site abuts Keysborough Primary INNER WEST COMMERCIAL PLAZASchool encompassed within a strong residential area. Under the WITH UPSIDE! Neighbourhood Residential Zoning the astute buyer will seize Knight Frank as the a exclusive selling agentswithin are delighted the opportunity to create brand new precinct the to present for sale 50 Great North Road, Five Dock current site and harbour a new and innovative community.
- a high profile commercial freehold underpinned by development potential (STCA).and allowing easy Situatedsignificant moments from Dandenong bypass
Impressive 1,258 sqm* land holding access – to both Eastlink and Springvale Rd, this property is sure – confidence Existing 1,567sqm Net lettableWith area Yarraman plus parking to provide to anyofpurchaser. Railway Prime Five Dock town centre location Station,– Keysborough Secondary College and Parkmore – Centre Strong growth prospects with Five dock identified Shopping in close proximity, this property is likely as to a location for a future metro station fulfill even the most particular of purchasers. – B4 Mixed Use zoning with 2.5:1 FSR – Quality improvements providing stable holding income, with significant scope to improve Stephen Kelly 0407 320 with 377immediate access to – Two street frontages transport0414 and amenity James Thorpe 510 071
*Approx.
1.27 ha* site
* Approx
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MERRYLANDS 142 Merrylands Road DEVELOPERS/ INVESTORS – A PRIME OPPORTUNITY Diagonally opposite Merrylands Railway Station and within metres to Stockland Merrylands Mall, the property is offered with a 1-year leaseback + option. We anticipate equal interest from both investors and developers especially as the building has been trading very successfully as a second-hand dealers shop and an amalgamate with the neighbours will take advantage in the uplift of a B4 zone. Set on a level site of 231sqm* and zoned B4 Mixed Use, the building provides an excellent opportunity to hold for future redevelopment (STCA). • Superb location near Merrylands Station • Redevelopment potential • Minutes walk to Stockland Merrylands
Charles Gonzalez 0412 279 588 Anthony Bray 0419 322 233
View Listing
NE W SOU TH WALES LISTINGS
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DA APPROVED SUBDIVISION - RECEIVERS APPOINTED Casula, NSW, 44-46 Maple Road
AUCTION ON-SITE
Wednesday 13 November 2019 at 10.30am (AEDT) • DA Approved for 29 lot Torrens Title Subdivision • 4 stage development, efficient road layout • Approved lot sizes ranging 300sqm* to 335sqm*
View Listing
• One of the last vacant R2 Low Density Residential parcels in Casula • Could suit affordable housing, seniors living, aged care or religious groups • Generally level and flat, services available with easy construction • 5 minutes drive to Casula Mall and Railway Station
Peter Vines 0449 857 100 Victor Sheu 0412 301 582 Joseph Assaf 0401 397 696 * Approximately
raywhitecommercial.com.au
Click to view Listing
• Strategically identified land release positioned to the south of Tamworth's CBD • "Arcadia" will provide for a new community area supported by a range of lot sizes and neighbourhood shopping centre • The growth framework established bodes well to continue Tamworth as a major regional city • Ensure the consistent growth rate of 1%* is maintained and enhanced.
Adam Leacy 0421 613 160 Matt Kearney 0427 921 206
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For Sale: 54-58 Robertson Road Moss Vale NSW 2577 Features of the existing include: – Inviting foyer leading to living areas – Spacious living room with combustion fireplace – Beautiful timber kitchen with meals area – Additional family room with brick exposed walls – Bay windows & high ceilings throughout – 5 great size bedrooms with built in robes – Master bedroom with walk in robe & ensuite – Main bathroom with floor to ceiling tiles – Internal laundry with plenty of linen space
For more info contact: Michael Galluzzo 0423 463 683 Click to view Listing
auction – unless sold prior development opportunity 56 & 58 KAREENA ROAD, MIRANDA • 1,350m 2 (approx.) site area with a 31m frontage in R2 Zoning
expression of interest granville’s premier development site 41-57 COWPER STREET, GRANVILLE • Site size – 1,840m2 • FSR – 6:1
• A feasibility report shows that 5 or 6 dwellings could be constructed STCA
• Potential GFA – 11,040m2
contact
contact
Jaymie Kelly 0402 520 611
Mitchell Wynn 0401 059 3101
HIGHLANDCOMMERCIALPROPERTY.COM.AU • 1300 176 070 CRONULLA | TAREN POINT | SUTHERLAND | ST GEORGE
• Yield – 157 apartments approx. Mathew Cassidy 0467 855 954
Josh Crealy 0402 248 186
HIGHLANDCOMMERCIALPROPERTY.COM.AU • 1300 176 070 CRONULLA | TAREN POINT | SUTHERLAND | ST GEORGE
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EOI
19-33 CHANDOS STREET ST LEONARDS NSW 2065 OUTSTANDING MIXED-USE DEVELOPMENT SITE + Located within St Leonards CBD and part of the Draft St Leonards and Crows Nest 2036 Plan; + Significant redevelopment potential (STCA); + 1,649.6sqm* site area and with a 46.3 metre* street frontage; + Uncompromised position, moments from Crows Nest Village strip shopping centre; + 200 metres* from St Leonards Train Station; + 400 metres* from Crows Nest Metro Train Station; + Less than 5 kilometres*to the Sydney CBD; + Gross Passing Income: $1,783,314.85 (Ex. GST) per annum*; + 4.5 star NABERS Rating for 25-33 Chandos Street; and + North facing district views. FOR SALE VIA EXPRESSION OF INTEREST CLOSING ON THURSDAY, 7 NOVEMBER 2019 AT 3.00PM (AEDT)
OUTLINE INDICATIVE ONLY BEN WICKS 0422 206 015
DANNY SHI 0409 955 559
TAO SHI 0421 218 031
VIEW LISTING
property.cbre.com.au *Approx
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EOI
STAGE 6 ‘MACARTHUR HEIGHTS’ UNIVERSIT Y DRIVE
CAMPBELLTOWN NSW 2560 RESIDENTIAL DEVELOPMENT SITE
+ Located within the well regarded ‘Macarthur Heights’ residential estate; + 900 metres* to Macarthur Train Station; + Site Area of 7.63 hectares*; + 950 metres* to the entry of Macarthur Square Shopping Centre; + Located opposite the Western Sydney University Campus and TAFE NSW; + Elevated position with district views; + Project has the ability to be developed in stages; and + Services are available for connection. FOR SALE VIA EXPRESSION OF INTEREST CLOSING ON THURSDAY, 7 NOVEMBER 2019 AT 4.00PM (AEDT)
BEN WICKS 0422 206 015
ALEX MIRZAIAN 0400 523 523
VIEW LISTING
property.cbre.com.au *Approx
NE W SOU TH WALES LISTINGS
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FOR SALE
225-235 EIGHTH AVE AUSTRAL NSW 2179 DA APPROVED FOR 71 LOT SUBDIVISION CBRE is pleased to present 225-235 Eighth Avenue, Austral to the market for sale via an Expressions of Interest campaign closing Wednesday 13th of November at 3pm. 225-235 Eighth Avenue, Austral represents a fantastic opportunity to acquire a DA approved 71 lot subdivision in the booming South West Growth Precinct. The subject property is located only moments away from Leppington Train Station benefiting from proximity to transportation. 225-235 Eighth Avenue, Austral boasts the follow key attributes: - A DA approved 71 lot subdivision within the bustling South West growth precinct - Vast land area of 24,099 sqm*/ 5.95 acres* - Proximity to transportation including bus services along Fourth and Edmondson Avenue and Leppington Station. - Western Sydney airport due to open in 2026, boosting the economy substantially in South West Sydney *Approx
ALEX MIRZAIAN 0400 523 523 property.cbre.com.au
ANDREW SUKKAR 0432 082 628
VIEW LISTING
THE PROPERT Y DE VELOPMENT RE VIE W
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THE IDEAL SITE TO FIND THE IDEAL SITE
Namuste essitatiae nos aute
volliquo mil earis dolento tassequ LESS SEARCHING. iberfer feriorp orepediaeris aute MORE nullessitam DEVELOPING. es ipicia dolo dicabo.
developmentready.com.au developmentready.com.au
LESS SEARCHING. MORE DEVELOPING.
STATE SPOTLIGHT
46
STATE SPOTLIGHT: QUEENSLAND
Suburb Report: Lutwyche
Queensland Auction Schedule
$30m Kangaroo Point Residential Project
Queensland Listings
Content by: Jack M. Gaffney
THE PROPERT Y DE VELOPMENT RE VIE W
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↑ Bloom on Wesley Image: Raise Projects
Suburb Report: Lutwyche Long regarded as one of Brisbane’s most underrated inner-city suburbs, Lutwyche is a liveable and green neighbourhood with some of the best local public transport in the state. Infrastructure development in the area, such as the dedicated underground Northern Busway, have bolstered the connectivity of this suburb with the rest of the city, while the arterial Lutwyche Road and proximity to Albion and Wooloowin Station bring CBD-centric activity virtually on the doorstep. These factors and more make it easy to see why luxury apartments developers have been recently scouting the area for their next project. RESIDENTS The population of Lutwyche grew by 23.3% between the 2011 and 2016 Censuses (3,454 as of 2016), as the number of apartments came to almost double. Much to its residents’ pleasure, Lutwyche has not been crammed or stuffed full of studios. Dwelling and population increases have arrived primarily in the form of two-bedroom apartments or semi-detached town homes. New entrants to the area are indeed looking for a generous amount of space. The assemblage of denizens primarily consists of young and old couples, professional singles wanting to have access to the city, retirees and downsizers. This isn’t one of Brisbane’s flashiest neighbourhoods, but
residents are looking for a certain level of comfort.
about. The current weekly median advertised rent is $390.
CULTURE With the Kedron Brook flowing gently along the north-western border and the abundance of parks dotted throughout, Lutwyche is an easy and enjoyable suburb for to promenade. Almost everything that one could desire can be found on Lutwyche Road, including tax advice, groceries, or even a cuddle with some kittens at Brisbane’s only Cat Café run by a rescue. There are also a few local shops and cafés to be found in the neighbourly side streets.
SIGNIFICANT PROJECTS Bloom on Wesley: Currently in Registration and Sales, Bloom on Wesley is a new boutique residential development, featuring 36 two and three-bedroom residences. The apartments are tailored to up-market first-home buyers and downsizers. Design and amenities are included for a ‘five-star’ residential experience, with a hotel style lobby, oversized floor plans, high-end European appliances, stone island bench tops, timber flooring, residents only rooftop, heated infinity swimming pool and communal entertainment areas. Raise Projects are leading the development in conjunction with McGrath Projects. Prentice Park Residences: This two-tower apartment development has been elegantly designed by HAL Architects and is project led by Merchant Estates. The two buildings are known as The Banksia and The Poinciana, and offer a total of 82 luxury apartments in a range of one, two and three bedroom configurations. There are also a limited number of three-bedroom penthouses. Both buildings also provide residents with rooftop pool and recreation areas.
HOUSES As of 27 September 2019, the median house price is $727,500. While the area hasn’t seen median house prices push up from, but rather return to, this time three years ago, Lutwyche avoided much of the headache that some areas experienced during the 2017/2018 peak. The median price does however remain at a considerably better position when compared with 2012 ($542,500). The current weekly median advertised rent is $475. UNITS At the same point in time, the median unit price is $445,500. Unit prices have experienced a steady trajectory, but as more developers turn to focus on high-end, luxury dwellings this could see a change brought
STATE NE WS
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Queenlsand News: Plans Unveiled for $30m Kangaroo Point Residential Project Supplied by:
Melbourne-based developer Buildcap is facing down headwinds in Brisbane's apartment market, unveiling plans for boutique apartment project in Brisbane's Kangaroo Point. The developer is confident of sales at the future seven-storey development at the 525sq m site at 75 Main Street, which is located on one of the few remaining slices of land to be developed in the riverside suburb, about 5 kilometres from the CBD. The $ 30 million project, dubbed The Holman, will feature a range of 13, two and three - bedroom apartments, with views of the Brisbane skyline, Story Bridge and Captain Burke Park. While sales have slowed across Brisbane – in keeping with a cooler market, Buildcap with a portfolio of $300 million currently under management, has continued to press forward with a diverse range of projects along Australia’s East Coast. Buildcap director Stuart Biggs said he was confident of his new project given its lifestyle proposition within a highly desirable location. “There is nothing of this calibre on the northern edge of the Kangaroo Point Peninsula,” Biggs said. “This truly is the ideal spot for anyone looking for the perfect fusion of panoramic city vistas and thoughtful, meticulously designed opulence inside.” The project is designed by Brisbane-based architecture firm WallaceBrice, which has designed a number of multi-res-
idential developments. The development will feature private balconies, patterned brickwork, premium furnishings and integrated landscaping, including a communal roof terrace with plunge pool. “Multi-residential design is WallaceBrice’s forte, they have an exceptional understanding of how individuals live, work and play, and they exude design excellence,” Biggs said. “The way The Holman responds to its local surrounds means this design will undoubtedly stand the test of time and for Kangaroo Point, it is a sleek but monumental design.” Brisbane's apartment values,
Image: The Urban Developer ↓
“an oversupply hangover”, are finally expected to recover in 2020 after a tough few years following the apartment construction glut. Many industry professionals have noted that the units still available for sale in the city are gradually being absorbed according to the Real Estate Institute of Queensland — particularly in the investor sector. The state budget's investment in economic development was also predicted to boost house prices in regional areas in the year ahead. The latest REIQ market monitor reveals that while unit prices have stabilised, they remain
in the softening sector of the market cycle. CoreLogic-Moody's Analytics has mirrored the sentiment in its recent home value index, forecasting that Brisbane's apartment values were predicted to recover in 2020 following the construction boom and excess supply between 2013 and 2016. Unit rental yields have also remained steady over recent months across Greater Brisbane, ranging from 4.3 per cent to 6.5 per cent.
THE PROPERT AUCTION & EOIY SCHEDULE DE VELOPMENT RE VIE W
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Your list of upcoming Auction and Expression of Interest (EOI) closing dates for all major Queensland properties. Click on the link to view the listing.
53 Telegraph Road, "Harvest Bald Hills" Estate
Bald Hills
214 Bridgeman Road
Auction
Thu 31.10.19 @ 10:30am
Ray White S.P.
View
Bridgeman Downs EOI
Thu 07.11.19 @ 4pm
Ray White S.P.
View
Wembley & Scrubby Creek Road
Browns Plains
For Sale
Contact Agent
CBRE
View
1041 Wynnum Road, 1045 Wynnum Road and 67 Ludwick Street
Cannon Hill
For Sale
Contact Agent
Harcourts
View
16-28 Park Road, "Bayside Moreton Bay" Estate
Deception Bay
Auction
Thu 31.10.19 @ 10:30am
Ray White S.P.
View
392 Wuraga Road
Holmview
Auction
Thu 31.10.19 @ 10:30am
Ray White S.P.
View
56 & 64 Napier Avenue
Mango Hill
For Sale
Contact Agent
CBRE
View
Saltwater Creek Road
Maryborough
For Sale
$3,375,000 + GST
Ray White S.P.
View
Lot 901 Huntington Drive
Maudsland, Gold Coast
Seeking Interest
Over $750,000
Ray White S.P.
View
8-14 Joyner Circuit
North Lakes
For Sale
Contact Agent
Savills
View
Lot 117 Yawalpah Road
Pimpama
EOI
Thu 21.11.19 @ 4pm
CBRE
View
30 Wilkin Street
River Heads
EOI
Wed 06.11.19 @ 4pm
Colliers International
View
142 Murrays Road
Tanah Merah
Auction
Thu 14.11.19 @ 12pm
LJ Hooker Commercial
View
71 Brisbane Street
Toowong
Under Contract
Contact Agent
CBRE
View
Bushland Beach
Townsville
EOI
Thu 28.11.19 @ 4pm
Ray White S.P.
View
QUEENSL AND LISTINGS
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DEVELOPMENT & RESIDENTIAL SHOWCASE P R I C E BY N E G OT I AT I O N
EXPRESSIONS OF INTEREST
WEMBLEY & SCRUBBY CREEK ROAD BROWNS PLAINS
YAWA L PA H R OA D P I M PA M A
• • • • • •
• • • • • •
Blank canvas in strategic growth corridor. 44,328 sqm site compromising of multiple lots. Previous approval for retirement & aged care. Adjacent to new land subdivisions. Suit land, townhouses, MHE & retirement - STCA. Benefit from major infrastructure investment.
J O N Q UAY L E 0412 594 698
DAMIAN MCINTOSH 0424 289 705
DA, BA & OPW approved for 44 townhouses. 17,920 sqm of ‘shovel ready’ land. Major civil & infrastructure works already completed. Walking distance to schools, shops & new train station. One of Australia’s fastest growing areas. Mirvac, Sunland, Leda, Bunnings developing in the area.
J O N Q UAY L E 0412 594 698
CAMERON BAKER 0400 089 322
P R I C E BY N E G OT I AT I O N
UNDER CONTRACT
NAPIER AVENUE MANGO HILL
BRISBANE STREET TOOWONG
• • • • • •
• • • • • •
Buy one or both – sought after North Lakes area. 1,040 sqm & 1,108 sqm vacant sites. DA & BA approved medium density schemes. Situated in renowned Capestone lakeside community. 400 metres to new shopping and childcare centre. School & train station only 700 metres.
J O N Q UAY L E 0412 594 698
* Outlines, measurements, areas, amounts & statistics approximate only.
www.cbre.com.au
Entire building for sale – built in 2015. 21 x ensuited rooms held on a single title. Student orientated rental market. Strong trading & occupancy history. Plenty of upside & income potential. 2 mins drive to UQ and 1 min to Toowong Village.
J O N Q UAY L E 0412 594 698
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Accelerating success Reach more people - better results faster.
APPROVED RESIDENTIAL SUBDIVISION SITE 30 WILKIN STREET, RIVER HEADS QLD FOR SALE BY EXPRESSIONS OF INTEREST CLOSING WEDNESDAY 6 NOVEMBER 2019 AT 4.00PM - Development approval valid until June 2028 for: - 53 large residential lots deliverable in 4 stages. - 3 lots introducing Tree House apartment concept each delivering 6 apartments on 3 floors - Main resort centre for bar & restaurant facilities, amenities and central administration - Services to the boundary
View Now Johnny Gooderham 0499 980 259
Nick Dowling 0419 726 705
FOR SALE: 1041 Wynnum Rd, 1045 Wynnum Rd & 67 Ludwick St, Cannon Hill, QLD, 4170
BOUTIQUE DEVELOPMENT SITE APPROXIMATELY 5KM EAST OF BRISBANE CBD • Land Area approximately 2,325sqm • Three properties • Two street frontage • Wynnum Road frontage approx. 50m • Zoned QPP-DC1 - District centre with neighbouring properties 5 levels • Short walk to park and various recreational facilities • O pposite East Village, a master planned urban village and lifestyle precinct • Close to Cannon Hill Shopping Centre featuring Bunnings and Aldi • Short drive to Gateway Motorway connecting to Airport, Sunshine and Gold Coast
CONTACT Chris Chapman 0408 750 838
CLICK TO VIEW LISTING
QUEENSL AND LISTINGS
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For Sale: 8-14 Joyner Circuit, North Lakes, QLD 4509 1.46HA Development Site for sale in North Lakes
14 Joyner Circuit is situated on the eastern commercial fringe of the master planned community of North Lakes. North Lakes is a master planned community approximately 25 radial kilometres north of Brisbane CBD. Redcliffe Hospital is situated 8 kilometres to the east. 14 Joyner Circuit is easily accessible via Public Transport with bus services within 500m and Mango Hill train station within 1 kilometre. – Significant 14,620sq m land holding within the fast growing North Lakes master planned community – Approved for 7,900sqm of gross floor area over 4 (four) buildings – Town Centre Frame zoning allowing up to 5 levels
Will Carman 0477 666 355
Robert Dunne 0418 888 840
More Exposure More Competition Record Prices
– The site slopes gently from the south eastern corner towards the north western corner, the elevation allows direct north views
VIEW LISTING
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Tanah Merah 142 Murrays Road Auction Landmark Site in Australia's Fastest Growing Corridor
Tanah Merah is situated about 20-25 min from the Brisbane CBD, and about 25-30 minutes from the heart of the Gold Coast. Houses are generally well presented and clean. Very close to all amenities such as the Hyperdome, which has all facilities including dining, movie theaters, night life activities and family outings. Four good quality golf courses in close proximity
ljhookercomemrcial.com.au
• Approx 16 hectares (40 acres) • 840 metres water frontage • Horizon mountain views • Nice drive through tree canopy on way to property • 5 mins to large shopping centre & bus interchange • Train 15 minutes to Meadowbrook train station • 25 minutes to Brisbane, 35 minutes to Gold Coast • House and shed in place • Current rural zoning (potential land bank , development or large home site) • Deceased Estate • Auction 14 November 2019
For Sale Bruce Webster 0408 551 858 VIEW LISTING
QUEENSL AND LISTINGS
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DECEASED ESTATE - 1.99HA* BRIDGEMAN DOWNS Bridgeman Downs, 214 Bridgeman Road
Outline and Locations Indicative Only
• • •
•
AUCTION Thur 31 Oct 2019 10:30am
Centrally located in a catchment with diminishing acreage land Solid 4 bedroom plus study, 2 bathroom, 6 car accommodation, brick and tile house with ducted air-conditioning, solar, secured covered outdoor areas and multiple sheds Surrounded by affluent acreage properties, within a tightly held market Zoned ‘Rural’ under the Brisbane City Plan 2014 850m* to Carseldine Central Shopping Centre, within 6km* to Westfield Chermside & The Prince Charles Hospital and central to a range of Brisbane’s best schools 15km* to the Brisbane CBD
Matthew Fritzsche 0410 435 891 matthew.f@raywhite.com
•
Land Area: 2.924* Hectares DA (ROL) for 49 residential lots ranging in size from 222m²*to 562m²* (Median size 350m²*) Operational Works Application lodged with Moreton Bay Regional Council Offered for sale with the benefit of 22 lots pre-sold 1.6km* from Market Square Deception Bay Shopping Centre and 7.3km* to Westfield North Lakes In close proximity to a vast array of shopping, educational, recreational, medical and public transport facilities and amenities
raywhitespecialprojects.com
Outline and Locations Indicative Only
Mark Creevey 0408 992 222 mark.creevey@raywhite.com Tony Williams 0411 822 544 tony.williams@raywhite.com *Approx .
raywhitespecialprojects.com
30 LOT APPROVED SUBDIVISION BALD HILLS, NORTH BRISBANE Bald Hills, 53 Telegraph Road, “Harvest Bald Hills” Estate
Outline and Locations Indicative Only
AUCTION Thur 31 Oct 2019 10:30am
AUCTION Thur 31 Oct 2019 10:30am
Level 26, 111 Eagle Street, Brisbane Qld 4000
• •
• •
*Approx .
Holmview, 392 Wuraga Road
• •
Level 26, 111 Eagle Street, Brisbane Qld 4000
• • •
44 LOT APPROVED SUBDIVISION HOLMVIEW SEQLD
• •
Deception Bay, 16-28 Park Road, “Bayside - Moreton Bay” Estate
Outline and Locations Indicative Only
EXPRESSIONS OF INTEREST Closing Thur 7 Nov 2019 4pm • •
49 LOT APPROVED SUBDIVISION DECEPTION BAY, SEQLD
Level 26, 111 Eagle Street, Brisbane Qld 4000
Land Area: 2.405* Hectares DA (ROL) for 44 residential lots ranging in size from 350m²* to 1,641m²* (Median size 366m²*) Operational Works Application lodged with Logan City Council 1.5km* from Holmview Central Shopping Centre and 5.7km* to the Beenleigh CBD and Railway Station 35km* to the Brisbane CBD and 49km to Surfers Paradise Convenient access to the Pacific Highway as well as Ipswich and Logan Motorways
Mark Creevey 0408 992 222 mark.creevey@raywhite.com Tony Williams 0411 822 544 tony.williams@raywhite.com *Approx .
raywhitespecialprojects.com
• • • • • •
Land Area: 1.648* Hectares DA (ROL) for 30 residential lots ranging in size from 400m²* to 450m²* (Median 400m²*) OPW lodged with Brisbane City Council Number of pre-sales already secured Flat land with infrastructure directly adjacent 1.7km* from Bracken Ridge Plaza, Aldi, Bunnings and Carseldine Home Maker Centre and within close proximity to a vast array of shopping, educational, recreational, medical and public transport amenities
Mark Creevey 0408 992 222 mark.creevey@raywhite.com Tony Williams 0411 822 544 tony.williams@raywhite.com *Approx .
raywhitespecialprojects.com
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APPROVED MANUFACTURED HOME PARK SITE - SUIT MULTIPLE USES Maryborough Qld, Saltwater Creek Road
Outline and Locations Indicative Only
• • • • •
Townsville QLD, Bushland Beach
Outline and Locations Indicative Only
FOR SALE $3,375,000 + GST • •
BUSHLAND BEACH ESTATE BALANCE LAND - 14 PARCELS
Andrew Burke 27ha* site - great exposure; cleared and level Approved for Manufactured Home Park - 270 lots plus commercial & 0417 606 128 recreational areas andrew.burke@raywhite.com Zoned Emerging Community/ Mixed Use - residential, industrial & commercial 6 existing titles 30mins* to Hervey Bay - direct access to Fraser Island 5mins* to Maryborough CBD & 1.5* hours from Noosa Potential to increase DA (approx. 345 lots ^STCA) *Approx . ^Subject to Council Approval
EXPRESSIONS OF INTEREST Closing Thu 28 Nov 2019 4pm
Matthew Fritzsche 0410 435 891 matthew.f@raywhite.com
• • • •
Mark Creevey 0408 992 222 mark.creevey@raywhite.com
Available individually, in-one-line or any combination
• •
Balance of the residential masterplanned Bushland Beach Estate 133* hectares over 14 x parcels Parcels ranging in size between 5,031m²* to 36.1* hectares Walking distance to Halifax Bay beach front and spectacular views to world renowned Magnetic Island Estate comprises new Coles anchored Bushland Beach Plaza Shopping Centre, sporting club, bike tracks and parklands 15mins* to the Townsville CBD, Townsville Airport, Marina and Central QLD University
raywhitespecialprojects.com
PRESTIGE RURAL RESIDENTIAL DEVELOPMENT SITE Maudsland, Gold Coast, Lot 901 Huntington Drive
Want to advertise in The Property Development Review? Call 03 9631 5476 or Email enquiries@developmentready.com.au
FOR SALE Seeking Interest over $750,000 • • • • •
The final opportunity within the highly regarded Huntington Downs estate Existing Development Approval for a 2 lot subdivision (3,553m²* and 3,733m²*) Land area: 1.04* hectares Zoned Rural Residential under the Gold Coast City Plan Elevated position with scenic mountain views Just 5km* to the Westfield Town Centre Well located to the M1 Pacific Motorway, local retail facilities, theme parks and to a range of primary and secondary schools
Matthew Fritzsche 0410 435 891 matthew.f@raywhite.com Dax Roep 0421 230 354 dax.roep@raywhite.com *Approx .
raywhitespecialprojects.com
*Approx .
raywhitespecialprojects.com
Outline and Locations Indicative Only
• •
Tony Williams 0411 822 544 tony.williams@raywhite.com
DevelopmentReady.com.au
STATE SPOTLIGHT
56
STATE SPOTLIGHT: SOUTH AUSTRALIA
Suburb Report: Christies Beach
South Australia Auction Schedule
Greaton's $30m Wirra Warra Resort
South Australia Listings
Content by: Jack M. Gaffney
THE PROPERT Y DE VELOPMENT RE VIE W
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↑ Hooper Place Image: Centina Group
Suburb Report: Christies Beach One of South Australia’s hidden gems, Christies Beach offers a locals’ favourite surf beach at the gateway to the McLaren Vale wine region. With views that extend over the Gulf of St Vincent, Christies is just 30km south of the CBD, making it a popular quick getaway of those in the know. But this quaint coastal neighbourhood isn’t just a holiday destination, it’s a blossoming community full of sea-changers, wine industry professionals, young families and retirees. There’s a lot to do and a lot to be proud of, and the rest of the state is starting to take notice. RESIDENTS The estimated population for Christies Beach as of mid-2019 was 5,629; a slight but steady line growth of 6.9% from the 5,267 recorded in 2011. Between 2016 and 2026, the age structure forecasts for Christies Beach indicate a 30.6% increase in population under working age; a result of emerging families looking to enter the area and settle down. With the total number of dwellings expected to rise to meet new residential entrants, Christies Beach will start to see a decrease in land size mirrored by an increase in carefully designed townhomes that provide ample space for family comforts.
CULTURE Christies is a coastal gateway for some and the perfect residential neighbourhood for others. There’s obviously a lot more action during the summer months, but throughout the year there are plenty of activities that keep the locals busy and outand-about. The beachside lifestyle allows for a range of recreation, including surfing, paddle boarding, snorkelling or fishing off the jetty with some mates. Local cafés and restaurants treat groups of friends to a myriad of catch-ups, shopping is easily catered for at the nearby major complex. There’s even wine tastings in the hills, beer tasting at local breweries, and the stunning coast to walk it all off. And the sense of community is palpable with many local clubs including bowling, surf lifesaving, football and the RSL. There’s also an array of public transport options if you wish to visit the city. HOUSES Christies Beach is an older seaside suburb, which is now becoming a very trendy place to retire, build, invest and develop. This has seen a generally upward trend of house prices which as of 27 September 2019, the median sits at $375,000. Weekly median advertised rent is $340.
UNITS The median unit price as of 27 September 2019 is $352,000. Units saw a pick up in price in the back half of 2016 and have held reasonably steady since with minor fluctuations. Weekly median advertised rent is $345. SIGNIFICANT PROJECTS Hooper Place: This project offers a total of 10 residences across two separate sites on Hooper Place in Christies Beach. At 3 Hooper Place, there are five dual-storey, 3-Bedroom, 1.5-Bathroom townhomes. 15 Hooper Place offer five dual-storey, 3-Bedroom, 2-Bathroom townhomes – this is a more luxurious option with higher-end features and appliances. Project lead and built by Centina Group builders; this project is currently in construction phase with three residences already completed and leased at $350/week. Prices range from $350,000 to $385,000.
STATE NE WS
58
South Australia News: Greaton Unveils Plans for $30m Wirra Warra Resort
↑ Image: The Urban Developer
Supplied by:
A winery 38 kilometres south of Adelaide is poised for a major redevelopment after Chinese - backed development and investment group Greaton lodged plans for its planned wellness resort at the 1.6-hectare property to the local council. The McLaren Vale winery Wirra Wirra will be transformed into a five-star 33-room resort spread across 10 buildings, nine of which will have two storeys, known as casitas. The heritage property built by Robert Wigley at 255 Strout Road, McLaren Vale, will have $30 million injected into the redevelopment – situated among vineyards between the existing Wirra Wirra winery. The existing Wigley house on the property will be transformed into a bridal suite and the vacant building at the en-
trance of the winery will be converted into a guest reception. Guests of the resort will also enjoy a swimming pool, a function hall and a wellness centre. The resort is designed by Singapore-based luxury resort architecture firm Blink Design Group, which has designed the Fairmont Sanur Beach Bali, Four Seasons Resort Bali at Jimbaran Bay, the Six Senses Uluwatu as well as the Ritz-Carlton Juizhaihou in China. Local documenting firm Studio S2 Architects, which undertook the planning work for the project, said the design scheme would “reflect elements of the buildings on site and in the region”. Greaton sounded out the McLaren Vale due to its position as the gateway to the Fleurieu Peninsula, which accounts for an
average of 800,000 overnight tourist stays worth $258 million in expenditure annually. “South Australia, and particularly the McLaren Vale region, well and truly deserves a highend resort like this. We have no doubt it will attract more well-heeled tourists to the area which will directly increase local tourism revenue,” Greaton managing director Nicho Teng said. The Chinese-backed developer is currently in talks with with an international well ness-oriented resort currently without an established presence in Australia. Construction is scheduled to commence in November 2020, with completion slated for July 2022. Greaton is currently in the construction phase of the Rib-
bon, a $730 million hotel property, in Sydney’s Darling Harbour, which it acquired from local heavyweight Grocon in 2016. The project will comprise a 25-storey luxury hotel and the return of an IMAX theatre. Greaton is also selling its large amalgamated residential site in St Leonards for $100 million, two years after snapping up the coveted site in the growth area. The developer bought the site initially for about $60 million. Shortly after, it acquired more lots making the site larger, with the total price at $96.5 million.
THE PROPERT AUCTION & EOIY SCHEDULE DE VELOPMENT RE VIE W
59
Your list of upcoming Auction and Expression of Interest (EOI) closing dates for all major South Australian properties. Click on the link to view the listing.
15-27 Halifax Street
Adelaide
For Sale
Contact Agent
CBRE & Knight Frank
View
Lot 1480, Village Terrace
Blakeview
For Sale
Contact Agent
JLL
View
Address On Request
Christies Beach
EOI
Contact Agent
Professionals
View
21-25 South Esplanade
Glenelg
EOI
Thu 14.11.19 @ 4pm
JLL
View
29 Main North Road
Medindie
EOI
Thu 24.10.19 @ 4pm
CBRE
View
129-133 Main North Road
Nailsworth
EOI
Thu 24.10.19 @ 4pm
CBRE
View
116-117 Greenhill Road & 11 Miller Street
Unley
EOI
Thu 31.10.19 @ 3pm
Colliers International
View
SOU TH AUSTR ALIA LISTINGS
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‘Super Lot’ development site
For Sale Lot 1480, Village Terrace, Blakeview SA – 8,302sqm* site with 134.38m frontage to Village Terrace – Situated in the heart of the town centre – Lendlease developed Blakes Crossing community – Surrounded by major national tenants – Fast growing community with 1,500 new homes *(approx)
For Sale by Private Treaty Tom Bailey 0407 607 266
Jed Harley 0418 807 920
property.jll.com.au/3234 RLA1842 Boundary Indicative
South Australia’s bсt development site For Sale 21-25 South Esplanade, Glenelg SA
– Incredible beachfront development site of 3,485sqm* – Over 80m* of frontage to Adelaide’s most popular beach – Pedestrian-only esplanade, vehicle access from three sides – Flexible multi-level zoning allows for mixed use residential – Offered for the first time in over 40 years For Sale by Expressions of Interest Closing Thursday 14 November 2019 at 4pm Jed Harley Roger Klem
0418 807 920 0423 919 373
RLA 1842
Sam Matheson RLA 122345 Boundary Indicative
property.jll.com.au/305042
0419 975 446
*(approx)
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SOU TH AUSTR ALIA LISTINGS
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FOR SALE
LANDMARK MULTI-FACETED CBD DEVELOPMENT OPPORTUNITY CATALYST MIXED-USE DEVELOPMENT SITE 15-27 HALIFAX STREET, ADELAIDE + Corner north-east facing site + Massive 3,102sqm* site metres from the spine of the Adelaide CBD + Close proximity to King William Street tram stop + Passing holding income of $184,596pa* with development clause + Capital City Zone allowing development up to 53m* (STCC) + Well suited to residential, hotel or office development with ability to stage development *approx HARRY EINARSON 0421 747 442
OLIVER TOTANI 0412 808 743
MITCH CURNOW 0415 494 056
GUY BENNETT 0418 808 548
FOR SALE BY EOI CLOSING THURSDAY 31ST OCT AT 4PM (ACST) property.cbre.com.au
VIEW LISTING
FOR SALE
FOR SALE
CAR DEALERSHIP OR PRIME DEVELOPMENT SITE
PROMINENT DEVELOPMENT SITE IN INNER NORTH
PERFECTLY POSITIONED 1080SQM* LAND HOLDING
OVER 40M* FRONTAGE TO MAIN NORTH ROAD
29 MAIN NORTH ROAD, MEDINDIE SA
129-133 MAIN NORTH ROAD, NAILSWORTH SA
+ High exposure site with over 53,000* daily passing vehicles + Zoned Mixed Use – Walkerville Council + Frontages onto Main North Road (66 metres*) and Dutton Terrace (45 metres*)
+ Massive site area of 2,663sqm* + 47,600* vehicles passing daily (DPTI 2015) + Urban Corridor – Business Policy Area allowing for flexible development + Existing improvements of showroom, offices and workshop/warehousing
*approx
*approx
FOR SALE BY EOI CLOSING THURSDAY 24TH OCT AT 4PM (ACST)
FOR SALE BY EOI CLOSING THURSDAY 24TH OCT AT 4PM (ACST)
RHYCE SCOTT 0422 960 585
HARRY EINARSON MITCH CURNOW 0421 747 442 0415 494 056
NED LOOKER 0448 689 573
property.cbre.com.au
VIEW LISTING
property.cbre.com.au
VIEW LISTING
THE PROPERT Y DE VELOPMENT RE VIE W
ADDRESS ON REQUEST — CHRISTIES BEACH SA 5165
63
DISTRICT CENTRE SITES WITH EXCITING DEVELOPMENT OPPORTUNITIES. EXPRESSIONS OF INTEREST The City of Onkaparinga is one of South Australia's fastest growing areas, with more than 170,000 residents. The Professionals Christies Beach are proud to offer the following 2 development site opportunities in the heart of Onkaparinga. SITE 1 – 761M2 WITH FLEXIBLE DEVELOPMENT POTENTIAL Situated adjacent to the Coles shopping centre and opposite to the Christies Beach Primary School, this property has a number of mixed use capabilities including retail and high density residential. SITE 2 – 1690M2 WITH APPROVED PERMIT Adjacent to Site 1, this highly prized 1690m2 site is on 2 titles with 42m of street frontage and has approval for a multi storey residential apartment building with ground floor retail. KEVIN J. BARRY – 0412 425 400 CLICK TO VIEW LISTING
STATE SPOTLIGHT
64
STATE SPOTLIGHT: WESTERN AUSTRALIA
Suburb Report: Beckenham
Western Australia Auction Schedule
Blackburne Moves Ahead on Subiaco Market
Western Australia Listings
Content by: Jack M. Gaffney
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↑ Image: The Lane
Suburb Report: Beckenham Described as a burgeoning suburb with all the amenities and accessibility one could hope for, Beckenham is an affordable residential community 12km south-east of Perth’s CBD. The neighbourhood has undergone significant urbanisation through recent years bringing a once docile suburban atmosphere into a modern an active climate. Recreational facilities, parks, playgrounds and the Canning River hugging its south-western border offer residents of all ages plenty of opportunities to get out and about, while the nearby Canning City Centre development project gives much to look forward to over the next decade. RESIDENTS Its access to arterial roads and excellent transport links has made Beckenham a popular destination for emerging families and young professionals. Residents are on the younger end of the scale with the most recent Census recording a median age of 33, which is significantly lower than the state median of 36. Not just youthful, Beckenham is also on the rise. The current estimated population of Beckenham is 9,355 – a 41% increase from 6,625 residents as of the 2011 Census. Interestingly, detached homes and townhouses/semi-detached homes account for 98.4% of all dwellings, with 87.5% of pri-
vate dwellings offering three-bedrooms or more. Blocks are large and there’s considerable opportunity for subdivision and apartment developments to meet the forecast growth for the area. CULTURE While Perth as a whole has undergone somewhat of a rough patch in recent years, Beckenham is one area that has managed to hold its own. The demand for affordable housing in a safe and convivial neighbourhood has brought an array of people from different backgrounds; and this multicultural mix is proving a success. Residents are frequently seen out for a leisurely stroll, whether through the Mills Park Reserve, with their children at the Mills Park Playground, or sauntering along the Canning River. Other notable attributes include large residential blocks, the local Beckenham Primary School, cafés, Beckenham Train Station and its proximity to the CBD, Carousel and Cannington. The lifestyle on show and the affordability of entering the area, have made this highly desirable locality a hit that is only just starting to realise its full potential. HOUSES: Experiencing a dip in median house prices since its peak in 2014, the housing market in Beckenham is remarkably
affordable. The majority of blocks are large, 600sqm+, and so with a median house price of $370,000 as of 27 September 2019 offers considerable opportunity for residential and commercial developers. Weekly median advertised rent is $320. UNITS: While this may begin to change in the near future, units do not currently account for a very significant proportion of dwellings. Nevertheless, as of 27 September 2019, the median unit price is $330,780. Weekly median advertised rent is $280. SIGNIFICANT PROJECTS The Lane: Created as four clusters of apartments (13 apartments per cluster and 54 apartments in total) around a central courtyard, The Lane offers spacious living and premium finishings. Located in the hub of the Cannington redevelopment, the well-priced boutique residential development offers views across to the CBD and hills in a serene setting on par with a private estate. The expansive windows create a wonderful setting with natural light and cross ventilation and secure parking and intercom access further adds to the sense of safety and security.
STATE NE WS
66
Western Australia News: Blackburne Moves Ahead on $280m Subiaco Market Project Supplied by:
Perth developer Blackburne has a completion date slated for what it describes as the largest residential development project ever undertaken in Western Australia. The $280 million redevelopment of the old Subiaco Pavilion Market site will be known as One Subiaco with plans to be completed in 2022. Blackburne acquired the 5451sq m Rokeby Road site for $25 million from Andrew Abercrombie who had purchased the site in 2007 for $35 million. Blackburne managing director Paul Blackburne says the project, which includes a $34 million double - storey penthouse, is attracting a large number of baby-boomers. “The level of interest, due to
its convenient location and larger higher-end residences has really been overwhelming,” he said. One Subiaco will comprise three buildings, Rokeby, Roberts and Seddon, which will feature a mixture of 1, 2, 3, 4, 5 and 6-bedroom residences and penthouses. Blackburne, who founded the company in 2003, described the development as situated on a “landmark site”. Rewind to 1997 when Blackburne’s father, John Blackburne, was one of the joint venture partners on the redevelopment of Subiaco Square, at the time a major $120 million urban renewal project. “One Subiaco is the result of years of fanatical commitment
to ensuring we deliver an architectural masterpiece,” Blackburne said. The ground floor will also comprise 16 permanent tenancies with a mix of permanent and pop up market stalls and alfresco cafes. The public launch of the apartments are due later this year with construction due to kickoff in June next year.
Image: The Urban Developer ↓
THE PROPERT AUCTION & EOIY SCHEDULE DE VELOPMENT RE VIE W
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Your list of upcoming Auction and Expression of Interest (EOI) closing dates for all major Western Australian properties. Click on the link to view the listing.
Lot 101 Hay Street
East Perth
EOI
Thu 05.12.19 @ 2pm
JLL
View
88 High Street
Fremantle
Under Offer
Contact Agent
FPS Commercial
View
11-13 Wren Street
Mount Pleasant
EOI
Contact Agent
Salt Property Group
View
Lot 1015 Pantheon Avenue
North Coogee
Offers
Wed 06.11.19 @ 3pm
Knight Frank
View
WESTERN AUSTR ALIA LISTINGS
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U NDER OFFER FOR SALE: 88 HIGH STREET, FREMANTLE WA 6160 LEASED INVESTMENT / WEST END FREMANTLE / DUAL STREET FRONTAGE Located in the historic West End of the Fremantle CBD. In close proximity to the intersection at Market Street and walking distance to the famous Cappuccino Strip, Fishing Harbor, Train/Bus Station and the new Kings Square Development. · Future development upside (STCA) · Dual Street Access · Top Quality Tenants · Close Proximity to the New Kings Square Development · Net Income of $461,111.06 pa +GST · 1040sqm of Land
Click to View Listing
Please Contact Agent Craig White – 0417 924 444
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EXPRESSIONS OF INTEREST
11, 13 & 13A Wren Street, Mount Pleasant Wren St Enclave - Canning Bridge Activity Centre The sales team at Salt Property Group are proud to present 11, 13 & 13A Wren St, Mount Pleasant. The ideal building block to suit a luxury eight storey residential development. The land is level and sits high above the underground water table below. The site totalling 2,028 sqm is rectangular with around 40 metres of frontage and is the perfect stand alone development opportunity. Located in the most exciting development zone in Perth. Fully developed, the land can accommodate a stand alone 8 storey luxury apartment building with sensational views from multiple levels. The landscape of Canning Bridge has well and truly transformed over the last two years and the area is proving to be one of the most desirable residential locations in WA. • • • • • • •
13 Wren Street, Mt Pleasant
Located within the Ogilvie Quarter of the Canning Bridge Structure Plan (CBSP) 2,024 sqm of land suitable for a maximum height 8 Storeys under the CBSP Stunning views from multiple levels Short walk to newly completed Woolworths & Canning Bridge amenity 500 metres to the rivers edge Land, road, rail and future water transport to and from Perth and Fremantle Three rentable homes that have been loved by their residents
An Information Memorandum with architecturally designed concept plans is available upon request. 11 Wren Street, Mt Pleasant
GLEN O’BRIEN 0418 923 123 DANE McKNIGHT 0435 377 647
sales@saltproperty.com.au www.saltproperty.com.au (08) 9316 3911
VIEW LISTING
WESTERN AUSTR ALIA LISTINGS
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Connecting people & property, perfectly.
Lot 1015 Pantheon Avenue, North Coogee WA. For Sale by Offers to Purchase closing Wednesday, 6 November at 3pm (AWST). Positioned for Development
Three street frontages
Previous DA for 5 storey development
5 km from Fremantle
Prime corner location
Close to amenities
View Listing
The site has broad appeal due to the coastal living lifestyle of the suburb, its proximity to Fremantle commercial centre and its potential to create an iconic mixed use development near the waterfront of Port Coogee. The site offers retail convenience for occupiers, being opposite the Port Coogee Village Shopping Centre which is anchored by Woolworths and speciality shops.
Tony Delich 0418 926 410 James Baker 0418 912 007
*Approx.
Rare 2,341sqm* site
This exceptional mixed use development site is located in one of Perth’s newest coastal locations, Port Coogee.
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FOR SALE
LOT 101 HAY STREET, EAST PERTH UNIQUE RETAIL AND MIXED-USE DEVELOPMENT OPPORTUNITY SITE DETAILS: • Site area: 5,335m with heritage adaptive re-use elements • Prominent corner site with three street frontages • Plot Ratio (Maximum) 8:1 • Design guidelines apply 2
EXPRESSIONS OF INTEREST CLOSE: 2.00pm (WST) Thursday 5 December 2019
Expressions of Interest are sought for this exclusive development site in Riverside, East Perth. FOR MORE INFORMATION CONTACT: Tom Nattrass 0412 925 899 | Tom.Nattrass@ap.jll.com Tom Foley 0401 318 706 | Tom.Foley@ap.jll.com
developmentwa.com.au/devopps
QUEENSL AND NE W S
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Queensland News: Kelly Slater’s $100m Surf Ranch Proposed for Sunshine Coast Supplied by:
A proposal has been announced for a $100 million surf ranch on the Sunshine Coast with 11-time world champion Kelly Slater’s name attached and a Brisbane-based heavyweight to develop the project. Consolidated Properties, led by Don O’Rorke, confirmed with The Urban Developer that the group is behind the project in a move that would see it partner with the World Surf League on the development. The surf ranch, which would span a 529 - hectare site in Coolum, would deliver a sporting and tourism facility – val-
ued at an estimated $100 million – in an announcement made by the pro-surfers governing body WSL which own a majority stake in Slater's company. It's understood that construction company Hutchinson Builders, led by Scott Hutchinson, could also be part of the major Sunshine Coast project. The project includes the development of an eco -lodge, event and training facilities, public open space and an environmental experience centre, located in proximity to the Sunshine Coast airport. WSL Asia Pacific gener-
al manager Andrew Stark described Australia as a core market for the WSL. “We want to ensure we and our partners strike the right balance between economic development and sustainable growth for the coast,” he said. “And we view the Sunshine Coast as a natural home for a Surf Ranch, given its culture, history, and roots within surfing as well as its pristine beaches and commitment to environmental sustainability.” The original Kelly Slater surf ranch, based in California and recently visited by tourism
minister Kate Jones, originated from Slater’s wave-technology company aiming to create the “perfect wave” for surfers. “Having seen this experience first-hand, I can say without doubt that this will be a major drawcard for thousands of people around the world,” Jones said. Visit Sunshine Coast chief executive Simon Latchford said having Slater’s name attached to the project would increase the region’s appeal. “While Visit Sunshine Coast is enthusiastic and excited by the project, we are very mindful it must fit the approval criteria laid down by Sunshine Coast Council and state government,” Latchford said. Subject to planning, Stark says the project could be in operation by 2021.
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