#16
September/October 2020
The Interview: Rod Fehring The Articles: Market Moves Industrial Emerges Newcastle Resilient Cairns Market Update National Site Listings
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Inside Issue #16
04 Industrial emerges as the strongest property asset class
12
From the CEO
Welcome to the Latest issue of The Property Development Review. Since our last issue the on-going COVID saga lingers on. Victoria has been the most affected economy overall with stage-four lock down restrictions preventing a significant volume of property campaigns from going live. During the COVID period CoreLogic’s national index indicates a modest regression of 1.6% nationally which is fortunately lower than what some commentators were forecasting. However, there is an underlying level of confidence within the property market suggesting that a gradual bounce-back may transpire once the epidemic is contained. Unfortunately, our popular video “Interview Series” is currently on pause with a number of high-profile identities scheduled to participate as soon as regulations allow. CommercialReady has launched This month we proudly launched CommercialReady - our brand new website designed for commercial property investors, property vendors and marketing agents. Our audience feedback and website site engagement to date has been fantastic – check it out for yourself plus more exciting announcements to come. Impact On Property Sectors Knight Frank Research Director, Chris Naughtin, evaluates the impact the pandemic has had across property sectors. Chris states that industrial emerges as the strongest property asset during this period and that many impacts are yet to fully emerge. This certainly is a very informative article. Market Moves
Newcastle proving more resilient than the capitals
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In the Market Moves section of this issue, we highlight some of the most notable property sales; including an A grade 22-story office tower in Melbourne’s CBD transacting for $450 million plus. Rod Fehring - Frasers Property As the former CEO of Frasers Property, one of Australia largest residential developers, Rod is recognised as an industry doyen. His passion for sustainable development and diversity has seen Rod taking on additional roles with leading industry bodies. In our interview Rod imparts great insights and wisdom. Newcastle & Cairns Market Updates All things considered these two key markets have held their own and the sentiment for their future potential remains strong. Latest Development Site Listings
The Interview: Rod Fehring, Frasers Property
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Importantly we feature the latest and significant development sites for sale Australia-wide – check them out. Enjoy the read and keep well.
Nick Materia, CEO, Ready Media Group
On The Cover Rod Fehring Frasers Property
Cairns Market Update
Design & Direction Cam Norris
Editor in Chief Rob Langton, Development Ready
Advertising Enquiries Ted Lloyd ted@ developmentready.com.au
Editor Jack Gaffney, Development Ready
Editorial Enquiries editor@ developmentready.com.au
Contact TPDR Level 1, 167-169 Buckhurst Street, South Melbourne VIC 3205 Tel. 03 9631 5476 info@ developmentready.com.au
Market Moves
Market Moves: Around the Country
VIC
Activity in Victoria has certainly taken a hit in recent weeks with the Andrews Government enforcing heavy restrictions in an effort to maintain control of the global health crisis. That being said, assets have continued to trade as investors and developers alike learn to live with conditions and seek out ever-present opportunities. The most significant transaction across Victoria over the past few weeks includes a Dexus-managed wholesale fund which divested a 22-storey A-grade CBD tower at 452 Flinders Street in Melbourne for a speculated $450 million plus. The tower was originally purchased by Dexus in 2011 for $167 million. German investor Deka Immobilien will take over the asset having already purchased the 20-level A-grade tower across the laneway at 15 William Street in 2009 for $167 million.
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The Rydges on Swanston hotel, home to the infamous quarantine program which has beared much of the blame for Melbourne’s COVID relapse, has reportedly been sold to Pelligra Group for an estimated $35 million. The hotel is located at 701 Swanston Street in Carlton and offers 107 suites. The vendor, Adelaide based hotelier David Horbelt, originally paid $12 million for the asset 20 years ago. Sales with undisclosed amounts have been somewhat of a theme recently. One of which includes a 9.7 hectare industrial investment in Melbourne’s Epping, which traded hands off-market to LOGOS. The vendors, Time & Place and MaxCap, are currently still in the construction phase of the development and will deliver an end value of around $70 million. The Wayside Inn, located at 446 City Road in South Melbourne, also sold for an undisclosed amount but nevertheless brought some positive signs to Melbourne’s hospitality investment market.
Image: 452 Flinders Street, Melbourne - courtesy architectus
NSW Property continued to change hands all across New South Wales; starting In Wollongong, a five-storey CBD office building that plays home to the Australian Taxation Office has traded hands, from Black Opal Bay to property fund manager Castlerock, for more than $57 million. The deal marks a new record for the city, beating 90 Crown Street, which sold for $50.38 million in 2019. Western Sydney saw an industrial property at 5 Williamson Road in Ingleburn transfer from billionaire property investor Bob Ell to fund manager EG for $38.2 million. The sale marks a 54% boost from Mr Ell’s original purchase price of $24.75 million just three years ago. EG further secured the West Ryde showroom and service centre from Servco for close to $23 million with a 15-year leaseback.
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South Wales’ Treasury Corporation (TCorp) and LOGOS for a total of $172 million. Located in Sydney’s Kemps Creek and Brisbane’s Berrinba, the two facilities were purpose built by Sigma between 2016 and 2019. The firm have agreed to a 15-year lease with two five-year renewal options, returning a combined starting annual rent of $8 million. One of the world’s largest Caterpillar equipment dealers, Hastings Deering, has sold a 21.25 Ha parcel of land at 182 Bowhill Road in Willawong, 16km south of Brisbane, to a local firm for $41.5 million. The transaction includes a short-term leaseback to Hastings Deering, which is based in Archerfield and had already undertaken major works at the site. Investec Australia Property Fund has spent $15.614 million on an industrial investment property in Brisbane’s Brendale, around 20km north-east of the CBD. The purchase of the Lot 3 Belconnen Crescent property brings the trust’s industrial component up to nearly one-third. A prime Gold Coast investment property has been scooped up by a Queenslandbased syndicate for $12.2 million. Located at 18 Motorway Circuit in Ormeau, the asset presents a 7,980sqm landholding with a building of 4,598sqm, returning an annual net income of $973,480 from leases with a highlevel food production and cold store facility.
WA
Eagle Property Group have traded a commercial asset at 51-55 and 61 Bolton Street in Newcastle to Marprop for circa $35.3 million. Again in Newcastle, the local council (City of Newcastle) have settled on a portfolio of buildings on Hunter Street for circa $10 million. The sale will see significant changes made to the Civic Precinct as well as provide necessary upgrades to Newcastle Ocean Baths. A 1.1-hectare piece of Kogarah’s former Darrell Lea factory has traded from one builder to another for $15 million. Located at 152-206 Rocky Point Road, the factory offers a modern four storey office building which the incoming owner intends to occupy.
QLD
Two distribution centres previously owned by pharmaceutical giant Sigma have been sold with a leaseback to a joint venture between New
Out west and Charter Hall Direct has announced that its Direct Industrial Fund No.4 (DIF4) has settled with Brownes Dairy for a processing facility in Balcatta for $59 million. Further contracts have also been exchanged for a parcel of adjoining, undeveloped land with a price tag of $4.5 million. Brownes will remain on the lease for a further 13.9 years with two 10 year options. A national investment syndicate has picked up Carramar Village in Perth’s northern suburbs for $33.5 million representing the largest shopping centre sale in Perth for the year. Built circa 2009, the 5,353sqm centre is situated approximately 28km north of the Perth CBD, and is anchored by Woolworths and features 17 specialty stores.
local council initially siding with Dr Keogh. The State Administrative Tribunal overturned the council’s decision, although it did concede to some of Dr Keogh's demands.
SA Australia’s ever resilient central state continued to trade high profile assets within the CBD and its surrounds. The most significant of late includes the city home of People’s Choice Credit Union, which saw in the biggest office deal in Adelaide for more than two years at $175 million. A Melbourne-based petrol tycoon secured the asset despite restrictions preventing an in-person viewing. Nick Andrianakos leads Nikos Property Group which will take over 50 Flinders Street as the new proprietors from vendor Cbus Property, stating that he had a “fair degree of confidence in the Adelaide marker… We look at Adelaide and while we may not get the type of capital growth that we could get in other centres there’s a consistency of income.” The Rand Transport Distribution Centre has recently sold for just over $63 million; 18.96% above book value. The seven-year-old cold storage asset is located in Direk, 27km north of Adelaide, and was sold with a 15+ year lease to Rand Transport, a wholly owned subsidiary of Anchorage Capital Partners. The New York based investment bank Moelis secured the asset from a Cromwell Funds Management property trust, who first acquired it in 2013 for $32.75 million. The NAB House building at 22-28 King William Street in Adelaide’s CBD, has found new owners in an off-market deal worth $47.2 million, marking the first major CBD office investment transaction completed since the onset of COVID-19. Intergen Property Group acted on behalf of a Singaporean family office who will take over from Southern Cross Equity Group Pty Ltd. The building will remain home to NAB, who occupy over 60%, with the State Government and a mix of high-quality corporate tenants making up the balance.
Retired anaesthetist Freya Keogh has sold her Jutland Parade home in Dalkeith in Perth's western suburbs for $10.35 million, following a widely reported dispute with her neighbour. The property was initially recorded with a home value of circa $12 million, however Dr Keogh was forced to sell at a ‘cut price’ after a newly built super dwelling blocked her river views and overlooked her backyard. The public and bitter legal dispute began in 2015, with the
03
Industrial emerges as the strongest property asset class during the pandemic Chris Naughtin Director Research & Consulting Knight Frank Australia
The impact of the pandemic has varied significantly across commercial property sectors, and many of these impacts are yet to fully emerge. The hotel and retail sectors have been among the most immediately and adversely impacted by COVID-19 containment restrictions on economic activity and the movement of people. While restrictions on economic activity have been progressively eased in most states except Victoria, the pandemic continues to drive an acceleration of a number of trends that emerged before the onset of COVID-19. Some of the most obvious are the shift to online shopping, the greater emphasis on flexible working, and relatedly, the more rapid pace of technological innovation in the workplace, and the greater emphasis on workplace amenity, and physical and mental wellbeing. While the implications of these trends will take years, if not decades, to fully play out, the more rapid shift to online shopping and rising demand for last mile delivery services is already evident. The NAB online retail sales index rose by 62.6 per cent over the year to July, around five times the 12.1 per cent growth rate for physical retail sales. The adoption of online retail is relatively underdeveloped in Australia so significantly stronger growth rates for online sales are to be expected – even so, the growth seen since the onset of the pandemic has far exceeded previous periods of elevated growth. NAB estimates online retail sales accounted for around 11.1 per cent of total retail trade in July, up from 9.4 per cent in February, while the Australian Bureau of Statistics puts that figure at 9.8 per cent, up from 6.6 per cent in February. Leasing conditions in industrial sector have remained relatively strong despite the economic headwinds arising from the pandemic as companies adapt to the acceleration of the secular shift described above. In Sydney for example, leasing volumes in 2020 up to the end of July totalled around 700,000 square metres, around 60 per cent of total volume in 2019. Volumes were driven by Amazon's decision to lease a 200,000 square metre fulfillment centre in Sydney from Goodman Group in June, alongside large pre-commitments by Coles and Woolworths, which have experienced unprecedented demand for non-perishable grocery products during the pandemic. While the impact of the pandemic on asset performance will lag leasing market conditions, the divergence in the returns between the commercial property sectors is beginning to emerge, with the industrial sector the clear outperformer. The adverse impact of the pandemic is most evident in the retail sector, with the decline in capital growth accelerating markedly in the June quarter, to -13.1 per cent over the year, compared -1.4 per cent in June 2019. For industrial property, capital growth slowed only modestly to 5.5 per cent over the year to June 2020, compared with 6.6 per cent a year earlier. Capital growth in the office sector slowed from 6.1 per cent to 2.8 per cent over the same period.
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The Property Development Review
Liquidity in capital markets should pick up in towards the end of the year – supported by record low interest rates and strong institutional investor appetite – especially in the office sector where there is a sizable pipeline of potential deals. However, investor demand for the industrial asset class, particularly for logistics and warehouse assets with long WALEs in prime locations in close proximity to major infrastructure networks, is likely to remain particularly strong. In addition, demand for assets in more niche segments of the industrial asset class such as cold storage facilities and data centres is increasing, with the recent acquisition of a Telstra data centre in Melbourne by Centuria Industrial REIT for $416.7 million a prime example.
The industrial sector has also seen relatively strong investment activity despite the economic uncertainty arising from the pandemic, which has significantly reduced liquidity in capital markets more broadly. According to Real Capital Analytics, total commercial property investment volume in Australia (excluding development sites) in 2020 up to the end of August was 37 per cent lower compared with the same period last year. By contrast, investment in the industrial sector remained steady over the same period, boosted by number of sizable deals such as the joint acquisition of the $648 million Aldi logistics property portfolio by Charter Hall and Allianz Real Estate. By comparison, investment in the office and retail sectors declined by 57 per cent and a 54 per cent respectively.
Financial markets are pricing in a relatively strong performance for the industrial property sector. The performance of US-listed REITs over the year to date (where more granularity in terms of sub-sector performance is available) illustrates the picture starkly. Infrastructure (+14.0 per cent) and industrial (+11.7 per cent) trusts have outperformed by a wide margin over the year to date, with data centre REITs making particularly strong gains (+32.5 per cent). This contrasts with the sharp falls for hotels & resorts (-47.7 per cent) and retail (-33.3 per cent) trusts, and sizable declines for office (-25.6 per cent) and multifamily (-22.7 per cent) REITs.
The positive fundamentals for many industrial property assets, which the pandemic has brought into sharper focus, and the long-term growth potential of the asset class, should see the industrial sector continue to perform relatively strongly in an uncertain economic and investment climate.
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NSW New South Wales Listings
Property Listings
A focus on client success Newcastle proving more resilient than the capitals
SYD. 33.8688° S 151.2093° E
NSW
Property Listings
NSW
The Property Development Review
Accelerating success.
E XCLUS I V ELY R ARE MANLY B E ACH F RONT DEV ELOP MENT SIT E FOR SALE by EOI closing Thursday 24 th September 2020 by 4pm (AEST) 92 NORTH STEYNE, MANLY NSW 2095
Henry Burke 0418 238 636 Raw site on 323m2* of land
R3 Medium Density FSR 1.5:1 15m height limit
Superb Manly Beach & Pacific Ocean views
Convenient mid beach position close to Manly
Surrounded by world class dining & shopping
Patrick Kelleher 0414 300 806
*Approx.
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Property Listings
NSW
Accelerating success.
CROW S N EST MEDIUM DENS I T Y DEVELOPMENT SIT E FOR SALE by EOI closing Wednesday 30 September 2020 by 4pm (AEST) 112-114 FALCON STREET, CROWS NEST NSW
Outline Indicative Only
Guillaume Volz 0404 887 717 Site Area 514sqm*
Zoning R3 Medium Density Residential
Height Limit 8.5m
Close Proximity to North Sydney Boys & Girls
colliers.com.au/p-AUS66010530
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2 Existing Residences on One Title
Rear Lane Access
*Approx.
Henry Burke 0418 238 636
Property Listings
NSW
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Accelerating success.
E XCE P T IONAL H ARBOUR FRONT ING LUXURY DE VELOPME NT SIT E FOR SALE by EOI closing Wednesday 30 September 2020 by 4pm (AEST) 142 HIGH STREET, NORTH SYDNEY NSW
Guillaume Volz 0404 887 717 Site Area 741sqm*
Zoning R4 High Density Residential
Height Limit 12m
Elevated Sydney Harbour Views
colliers.com.au/p-AUS66010524
95m* from North Sydney Wharf
700m* from Milson Point Station
Henry Burke 0418 238 636
*Approx.
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A Focus on Client Success:
Development Sites team Colliers International Sydney Colliers International have grown and continue to develop a uniquely experienced Residential Development Sites team covering the Sydney market with a particular focus on premium site opportunities in core residential locations such as the Lower North Shore, Eastern Suburbs and Inner West.
Colliers understand that the timing of a development is key, and there’s already a trend that shows a dramatic fall in supply becoming evident in 2021-2022 and even more so beyond 2022 when supply will ‘dive’ to levels not seen since the 1950s.
Under the leadership of Guillaume Volz, National Director – Development Sites, the team brings together a dynamic project group that’s fully geared to deliver a seamless end to end service for every client.
Against this background the impact of COVID-19 has resulted in many developers, who are completing or have completed projects over the past 6-months, now looking to build a new pipe-line of stock to help sustain their businesses and it’s here that Colliers are and have been very active.
By delivering a ground-up approach that adds a depth of market knowledge and experience, a whole of market perspective, that’s informed by the teams agency and technical experience. This helps create a very real advantage for land owners & developers who can work with a team that not only sells or acquires sites, but has the fire-power, professional experience and research to help deliver the end product to market, hand in hand with Colliers Sydney-wide Project Marketing team headed by Peter Chittenden. These few facts are well worth considering as currently, the supply of new projects is quickly slowing, and Colliers have identified a solid pool of developers and varied opportunities across Sydney. 10
As market conditions are expected to head to a more normal setting, Colliers have been assisting seasoned developers looking to buy a variety of sites, and it is this knowledge that helps separate the development sites team from other commercial agents, by being able to stay ahead of the market and know who is active at any given moment. In addition, as direct and in-direct market setting change, Colliers are well equipped with market leading experience that can help to un-lock wide-ranging demand for residential/ mixed-use development sites. However, each site and project will have unique requirements that needs careful and detailed assessment. Client needs will always be different and range across ready
The Property Development Review
to go sites with a DA in place, or raw sites and also large gateway sites. Colliers also understand that having a pipeline of projects is a business fundamental, not a speculative venture and can assist developers based around their individual needs. Sydney and areas such as the North-Shore in particular are also set to deliver an exciting and varied range of development opportunities associated. The new Sydney Metro for example, will continue to re-shape a number of markets. Few would argue that the entire residential development market is complex, and it’s a key reason that Colliers have invested in a specialist team, that together understand the special nature of the Sydney residential market and it’s full impact on the demand for a whole raft of development sites. Sydney also has a very mature development market and in areas where there’s considerable potential, Colliers are also assisting either single owners or a group of owners to achieve up-lift in the potential development and value of their holdings, and here it’s a professional team approach that counts. By combining a total project delivery team, from site acquisition or sales strategy to pre-market planning and project marketing, Colliers offer a unique service. The team led by Guillaume Volz, National Director, is helping to create a highly successful Residential business, which deals specifically and only in the sale of Residential and mixed-use sites throughout the Sydney Metropolitan region. Guillaume’s 20 years’ experience has been dedicated to selling Residential and Mixed-Use Development sites, including many of Sydney’s iconic sites, these have included Channel 9, Willoughby; The Peninsula, Wentworth Point; Newmarket Green, Randwick; 175 Castlereagh St, Sydney; Harold Park, Glebe as well as the Urban Growth NSW South West Land Portfolio for close to $600m. Such results have earned him respect and confidence among his clients both locally and across Asia and among his peers. He remains actively involved with client acquisition and divestment strategies that require a detailed knowledge of the project marketing and sales environment, as well as expertise in planning requirements and feasibility analysis. Henry Burke, National Director Having grown up on Sydney’s North Shore Henry naturally has strong local connections with the areas’ commercial & residential property market. Today he specialises in the metro markets on the lower and upper north shore, including the northern beaches. An imperative in today’s planning environment, he has a strong understanding of Council Governance and has been instrumental in rezoning initiatives along the Pacific Highway corridor, helping to maximise values for many private owners. He also has a proven track record in selling various asset
classes including commercial office buildings, both freehold and strata, retail investments and residential, mixed use and commercial development sites. Henry’s ongoing enthusiasm for the property industry mixed with his excellent communication skills has seen him regularly achieving great results for his clients. Eugene White, Director Eugene has over 20 years experience in the property and construction industries including extensive experience with a major publicly listed developer and in the funds management environment. Eugene holds a deep understanding of property markets, development opportunities and construction projects established through extensive experience and involvement with a wide range of large scale property development projects from management positions and at the coal face. He has managed most facets of development projects from inception to disposal. This includes acquisition, disposal, brief planning, feasibilities, engagement of consultants, coordinating approvals, marketing, overseeing construction and overseeing sales and leasing. His broad project experience spans a wide range of projects from large multi-staged mixed use developments, to commercial office developments. With a background originating in quantity surveying, Eugene has developed his experience further over the last 15 years in client side project management and development management roles. Eugene has been involved with large scale projects such as Discovery Point Wolli Creek, Hayman Island, King Street Wharf Sydney, Jacksons Landing Sydney, Citibank Centre Sydney, Port Coogee WA and Honeysuckle Newcastle. Working alongside Guillaume, Henry and Eugene are Jessica Evans (Marketing Executive) and Thomas He (Analyst) all equally dedicated members of the Development Sites Sydney team. Such a team helps to guarantee that site sales, development and project marketing are not treated in isolation. As the brief details above demonstrate, all strengths combine with Colliers broadly based experience to help secure the best results from every appointment. Achieved from sound market knowledge and an individual client focused commitment. The Colliers Development Sites team is the only team of its kind across Sydney that offers a fully integrated Project Marketing and Sites agency with a sole focus on unlocking development opportunities. Guillaume Volz is often quoted as saying this market is not a ‘finger in the air market, for the novice’ where inexperienced operators jump in and out of the market on the odd occasion. It requires staunch personal and team experience and great professional capacity, supported by fully resourced allinclusive team-work. 11
Newcastle proving more resilient than with a number of big recent sales With some recent major sales in the region, Newcastle has shown to be holding its own in the face of current market difficulties. The current health crisis has impacted many NSW regions, and while Newcastle is no different, some forecasts determine a solid bounce back by 2023. These three-year projections, as shown in the BIS Oxford Economics ‘Residential property Prospects 2020-2023’ report, also reveal that this sought-after coastal municipality should remain ‘more resilient’ when compared to markets in Sydney and other capital cities. Thanks to strong forecasted population growth in the area, Newcastle is determined to buffer the economic repercussions of the pandemic. It’s for this reason and more that local real estate agencies such as Commercial Collective have been able to trade successfully in recent weeks. Following three big recent sales totalling more than $80 million, Commercial Collective are confident that the market is alive and active.
“We recently sold a significant and spectacular parcel of land, which was formerly operating as the Morisset Golf Course at 118a Dora Street in Morisset, for circa $30 million,” Shane Nicholson told Development Ready. “The vendor, Winarch Capital, had secured a DA prior to the sale for 427 Land Lease Community sites at the southern end of the property. The new owners, Ingenia Communities, are market leaders in the Land Lease Community (LLC) sector and will pursue what will become the largest LLC in NSW.” Landmark sales continued with Commercial Collective’s Matt Kearney and Adam Leacy who represented The City of Newcastle in the sale of a portfolio of buildings on Hunter Street in Newcastle. Significant changes are set to made to the Civic Precinct as well as necessary upgrades to the 12
Newcastle Ocean Baths. The Newcastle Councillors voted unanimously to use the proceeds from the sale, almost $10 million, to fund these restorations to the much-loved community buildings. Mr Kearney noted that deal was extremely enticing for the new owners, who have the opportunity to benefit not just from the considerable holding income, but also from considerable asset value uplift following the works. The third and most significant sale in the area undertaken by the Commercial Collective team involves 51-55 and 61 Bolton Street in Newcastle. Settling recently on the 8th of September, the asset has traded hands from Eagle
Ready Media Group would like to thank Commercial Collective, Newcastle, for contributing this article.
The Property Development Review
the capitals
Property Group to Marprop for circa $35.3 million. Matt Kearney again was involved with the sale stating that it “highlights the changing face of Newcastle and the attractive yields to be achieved outside of Metropolitan Sydney. We are delighted to see quality groups such as Marprop recognise the potential Newcastle city holds, which us Novocastrians can no longer keep secret!” Since April, the property market in Newcastle appears to be holding up in-line with forecasts; vacancy rates are low and rents are stable. JLL’s Australia Newcastle Housing Market Overview (June 2020) report suggests that supply
will largely remain stable for detached and semi-detached dwellings, but will increase for apartments on the back of a strong number of approvals over the past 12-months. The report also states that while Newcastle will be economically impacted, it will be “likely to a lesser extent than capital cities.” The recent transactions by Commercial Collective and other local agencies demonstrate that buyers and sellers are active in the market. With infrastructure in the area expanding and the market experiencing a larger number of sea-changers since the health crisis started, all categories are set to be in demand.
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Property Listings
NSW
Connecting people & property, perfectly.
1090-1093 Brooker Avenue, Beacon Hill NSW. For Sale by Expressions of Interest closing 4pm (AEST) Thursday, 8th of October 2020. Knight Frank, in conjunction with Karbon Property, are delighted to offer for sale Lots 1090 – 1093 Brooker Avenue, Beacon Hill. This site presents a fantastic opportunity to acquire a substantial land holding in the beautiful and picturesque Northern Beaches.
Surrounded by amenity
Beautiful district views
Excellent connectivity
Key Highlights: •
Substantial land holding of 11.404 hectares* (114,040 sqm*)
•
Potential to unlock beautiful district views towards Manly and Sydney CBD
•
Excellent connectivity along Warringah Road unlocking an ease of access to Sydney CBD, North Sydney and surrounding suburbs
•
Within 5 kms* of Sydney’s most renowned coastal strip including Dee Why, Freshwater, North Curl Curl and Curl Curl beach.
•
Beautifully situated to encapsulate the leafy and picturesque Northern Beaches lifestyle
Andrew Ou 0405 557 889 James McCourt 0411 785 961 View Listing
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Cameron Fitzgerald 0432 096 135 Arland Domingo 0411 620 722
*Approx.
11.404 hectares*
Property Listings
NSW
The Property Development Review
PRIME LAND OPPORTUNITY - CHINDERAH, NSW 3.05 HA / RU2 zoning / directly off the M1 Motorway, corner Phillip & Waugh Streets, Chinderah NSW 2487 Close proximity to Kingscliff (1km) and Cabarita Beach Expressions of Interest closes 29th Sept at 2pm
CONTACT Brent Savage 0477 122 559 brent@lsproperties.com.au www.lsproperties.com.au
Rutherford | 435 New England Highway FOR SALEÂ |Â EOI: Closing Thursday 1 October at 4:00pm High Exposure Site with Direct Highway Frontage
12,949 sqm* site area
Building area 2,046 sqm*
Direct frontage to the New England Highway
Additional yard area at rear
Zoned B5 Business Development
High exposure location
BRENDAN SARROFF 0400 986 779 commercialcollective.com.au/2501561
connected. experienced
The property comprises an ideal redevelopment site (STCA) with excellent exposure to the New England Highway. Current improvements include a warehouse with awning and a rear yard display area currently operating as a well established landscaping supply centre. *Approximately Outline indicative only *Approximately
www.commercialcollective.com.au 15
Property Listings
NSW
562.8sqm Block with R3 Zoning – Ideal Townhouse/Unit Development Site
64 Portland Crescent, Maroubra
5 Bed | 2 Bath | 3 Car
•
Freestanding 5 bedroom 2 bathroom home
•
Sunbathed North East facing block
•
Dim 16.76 / 13.72 X 37.69 / 37.03 = 562.8 sqm
•
Deep rear backyard with a sunny northern aspect
•
R3 Zoning, FSR 0.75:1, Height of Building: 9.5m
•
Close to Maroubra beach,shops & public transport
View Please contact agents for open times. Auction Saturday 10th October 2020 at 10.00am Contact David Lee 0488 897 897 Joe Recep 0438 600 999
ngfarah.com.au 16
Property Listings
NSW
The Property Development Review
17
Property Listings
NSW
Accelerating success.
LANDMARK KATOOMBA DEVELOPMENT OPPORTUNITY
FOR SALE via Expressions of Interest closing Wednesday 21 October 12.00pm (AEDT).
3-7 GOLDSMITH PLACE, KATOOMBA NSW 3,418m² Site Area* B2 - Local Centre Zoning Core Katoomoba Location
STCA
Various Development Opportunities (STCA) Opposite Katoomba Train Station *Approx
VIEW LISTING
Matthew Meynell 0413 988 878
Jordan McConnell 0419 990 295
Joe Sacco 0414 483 247 Outlines Indicative Only
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Property Property Listings Listings
NSWNSW
The Property Development Review
Here’s what leading NSW agents are saying: DR IS CRITICAL FOR ANY DEVELOPMENT SITE OF CONSEQUENCE DR plays an important part in our marketing strategies, and critical for any residential development site of consequence. The EDM drives high quality enquiry, and the InstaDocs products lets me collect vital information on purchasers trends. Will is constantly adding his own value for us and our clients, excellent service all around! Development Ready is a must-have marketing tool for any development listing. MARK LITWIN Associate Director, Knight Frank Western Sydney
WE EXPERIENCE A BROADER BUYER POOL When selling development opportunities, agents experience a usual group of enquiries on a campaign after campaign. With DevelopmentReady we experience a broader buyer pool, with new purchasers enquiring that we have never dealt with in the past. This provides vendors with more comfort, knowing that their marketing when selling is covering the market.
WE CONSISTENTLY ACHIEVE ENGAGEMENT FROM A RANGE OF NEW PURCHASERS The developmentready.com.au website is an imperative marketing component for our team when conducting an onmarket sales campaign. We consistently achieve engagement from a broad range of new purchasers that we may not of have reached without the use of this website. The exposure that the development ready provides to our development site listings has been fantastic. HENRY BURKE National Director, Colliers International
LEADS THAT DELIVER RESULTS DR has proven to be an integral part in our marketing campaigns. It is a tailored and direct approach to reach our target market with qualified leads that deliver results. JOSEPH ASSAF Director, Ray White Commercial NSW
DEMI CARIGLIANO Senior Executive, Knight Frank South Sydney
Visit DevelopmentReady.com.au
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Is now a good time to borrow? It definitely is for some!
While many of us believe that we are in control of our own destiny, this current pandemic period has made that a little harder to follow through.
hotel. Mr Assouline said there had been a lot of competition for the site, which suited him well as he was not too worried about COVID-19.
Unlike the 2008 GFC, the market’s response to the pandemic was initially difficult to account for. Many of us, the world over, have had our movements restricted, our jobs impacted, and our futures shaken. We haven’t ‘been through this before’, as we have with economically/politically caused downturns. Many have taken a step back to wait, assess and react in due course. While this is completely understandable, it has resulted in more room opening up at the front for those willing to seek new opportunities.
“I have a three-year-plus settlement agreement - I have a lot of time. With the worst estimate, surely we will be out of this situation in that three-year-plus period of time. There’s a big lack of stock.”
David Lovato, Managing Director at lending broker firm Crowd Property Capital, believes that right now is abound with opportunities for both lenders and developers. “I’m getting a higher level of enquiry from developers, as the banks are closed to new business and paring back existing lending relationships. Most of my enquiry comes from professionals transitioning from banks to non-banks as they want to take back control of their business through this period.” As developers turn from big lenders to alternate funding channels, Mr Lovato has also noticed a large inflow of capital into the private senior debt markets. “This is due to sophisticated investors chasing stable and strong yields. This translates into more competition and in turn lower rates and fees,” Mr Lovato added. Yet while rates and fees may have reduced, it remains a difficult task for some to find the right lender for their project. In Mr Lovato’s eyes, it depends on the client and the project their pursuing. “Lenders are open for business for quality sponsors and projects. If you are experienced, have a project in a good location, your project is small to mid-size and you have sufficient equity, lenders will fight for your business.” Someone who isn’t letting the pandemic slow him down is luxury eastern suburbs developer Rafi Assouline, who recently splashed out $185 million for a 5,000sqm site in William Street, Wooloomooloo. Mr Assouline intends to transform the property into 200 ultra-luxe apartments, with high-end ground-floor food and retail outlets and possibly a small boutique 20
Article by Crowd Property Capital
Developers are starting to come to terms with the new world they live in and are adjusting their strategies accordingly. As with any market changes, it’s often the first-movers and the intuitive strategists that find the most successful pathways. Mr Lovato thinks that walking the non-bank line could be the saving grace that many developers are looking for. He has spent a considerable amount of time curating a small panel of trusted non-bank lenders that are Sydney based but fund nationally. “Our lenders provide funding where loan attributes may prohibit the loan conforming with covenants required by traditional banks. Non-banks will also fund projects on low or zero presales. This effectively provides a developer with an experienced reliable development partner who has more buy-in regarding your project.” Non-banks are a great source of capital during a time of market uncertainty, but there is a note of caution that Mr Lovato believes that needs to be heeded. “I personally know my lenders and understand the source and reliability of their funds. If I take them a deal, they know that it’s been properly vetted and worthy of approval. If developers are talking direct to private lenders, my advice would be to be wary of low interest rates, high upfront non-refundable fees and heavy penalties for breaches of loan terms. Unfortunately, there are many dodgy lenders out there who try to take advantage of developers.” For developers who continue to seek new opportunities, but can’t meet the big banks rigid conditions, the funding is out there. Lending brokers such as Crowd Property Capital can connect you with the right people and hold your hand through the whole process. Ultimately, the stronger the deal the better the offer – and putting your best foot forward can make all of the difference.
The Property Development Review
21
Victorian Listings The Interview: Rod Fehring, Frasers Property
MEL. 37.8136° S 144.9631° E
VIC
22
The Interview: Rod Fehring
Monumental leader of one of Australia’s forefront developers. With over 40 years’ experience in urban development, in both the private and public sectors, Rod Fehring has become a household name in property circles. As a former CEO of Frasers Property Australia (one of the country's largest residential developers), property development projects of the firm across the nation.
The Property Development Review
Rod Fehring Frasers Property
Rod was appointed Chair of the Green Building Council of Australia in 2017, and joined the Property Male Champions of Change in 2015. He has also held prestigious roles as the Chair of Australia's Housing & Urban Research Institute (AHURI) from 2006 to 2015, and non-executive Director of Mission Australia Housing from 2011 to 2015. Before all of this however, Rod lead Lend Lease Communities across a successful 14-year career. Rod Fehring recently made the difficult decision to step down as CEO of Frasers Property Australia and will be handing the reins over to chief financial officer Anthony Boyd in October. His association with the highprofile developer won't be closed, but rather will evolve into a role as executive chairman of Frasers Property Australia in addition to retaining his role as chair of Frasers Property UK and Frasers Property Industrial. Watch the full interview now.
21' Click Play Button to Watch Interview. Interview: Rob Langton, Development Ready
Image: Development Ready
23
Property Listings
VIC
Exceptional Value Add with Secure Income. 11-23 Burwood Road, Hawthorn VIC. Forthcoming Sale
Building Area: 2,403 sqm
Land Area: 1,521 sqm
54 Cars Spaces
Situated in the heart of the Burwood Road office precinct 11-23 Burwood Road offers a high profile standalone office building with the benefit of Commercial 1 zoning. Offered with the security of a three (3) year lease to NIIM the property offers security of tenure with the ability to further add value in the future.
Ed Wright 0421 213 021 Tom Ryan 0419 786 244 Tim Grant 0478 666 275 View Listing
24
Property Listings
VIC
The Property Development Review
9811 4222 gormancommercial.com.au
415 Riversdale Road Hawthorn East
EXPRESSION OF INTEREST Closing Wednesday 30th September at 2pm
246, 248 & 250 Highbury Road, Mount Waverley
MORTAGEE SALE • Plans & permit for ten (10) two-storey townhouses with basement parking • Land area of 2,310 sqm* (over three titles) • Frontage of 51 metres* • Flexible settlement terms • Outstanding transport convenience with Burwood Highway tram route
Bernard Corser
0407 300 678
Jonathon McCormack
0418 835 885
Stephen Gorman
0418 321 828
*Approx 25
VIC
2 Presentation Boulevard WINTER VALLEY • 3048m2 in size • Purpose built site for a future childcare centre • Located next door to the proposed Neighbourhood Activity Centre which offers an abundance of services and proposed childcare facilities for the area • $1,350,000 +GST
BALLAR AT-CAR NG
HAM RD
D
FOR SALE.
PRESENTA TION BLV
Property Listings
MANPREET DANDIWAL +61 433 413 927
pspproperty.com.au
FOR SALE.
MANPREET DANDIWAL +61 433 413 927
pspproperty.com.au 26
PRESENTA T
• 2842m2 in size • Approved permits for a future petrol station • $1,100,000 +GST • Located next door to the proposed Neighbourhood Activity Centre which offers an abundance of services and proposed childcare facilities for the area
ION BLVD
10 Presentation Boulevard WINTER VALLEY
Property Listings
VIC
FOR SALE.
The Property Development Review
MELBOURNE CBD
TARNEIT STATION
43-49 Butterfly Boulevard TARNEIT • 2046m2 in size • Ideal for multi-unit developments and childcare centre • $1,300,000 +GST
TARNEIT
BUTTERFLY BLVD
MANPREET DANDIWAL +61 433 413 927
pspproperty.com.au
FOR SALE. Innovation Drive WINTER VALLEY Land area of 1900m2 to 5326m2 Titles release November 2020 Zoned Industrial 1 Suit Developer, Owner Occupier or High Net Worth Investor
INNO VATI ON
DR
CAMERON YATES +61 4O3 388 008
IC
ON
CO
MANPREET DANDIWAL +61 433 413 927
DR
N
CE
PT
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R
• • • •
PAD
DYS DR
pspproperty.com.au 27
Property Listings
VIC
FOR SALE.
BALLARAT CLAREDON COLLEGE
LAKE WENDOUREE
BALLARAT CBD
URQUHART PARK PRIMARY
2 Mirelle Drive WINTER VALLEY • Total land area 1.38 ha / 3.4 acres • Permitted Site for Childcare centre * Chemist * Offices * Medical centre • 2 Parcels of Vacant Land • Zoned - Urban Growth Zone • Suit Developer, High Net worth Investor or owner occupier
BA
LL
AR
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M
RD
MANPREET DANDIWAL +61 433 413 927
CAMERON YATES +61 4O3 388 008
BALLARAT CBD APPROX 5KM
pspproperty.com.au
Discover Australia’s Discover Australia's Finest finest Commercial properties Properties at at commercial the Click of a a button. Button. the click of
Visit commercialready.com.au for more info. 28
The Property Development Review
Here’s what leading VIC agents are saying: MORE THAN DOUBLE THE ENQUIRY THAN ITS COMPETITORS Just wanted to send you a short note in relation to the outstanding levels of enquiry we have been receiving from DevelopmentReady.com.au on our latest campaigns. DevelopmentReady has generated more than double the enquiry than all its other competitors combined and we are seeing a huge engagement from buyers visiting your portal. ON behalf of our vendors, thank you for the great service you provide and look forward to collaborating together for years to come.
DELIVERS EXCEPTIONAL ENQUIRY NUMBERS DevelopmentReady is a sensational platform that delivers exceptional enquiry numbers and most importantly all their enquiries are always highly qualified. The DR team understand the market and industry better than any other internet service provider and their level of service to us and in turn our clients, is second to none. BEN BAINES Director, Colliers International
JAMES THORPE Director, JLL Victoria
DEVELOPMENTREADY IS A NON-NEGOTIABLE The DevelopmentReady.com.au portal is a non-negotiable for our team when we are transacting a property on-market. We consistently get engagement from a broad range of new purchaser segments, purchasers that we otherwise would not have reached without use of the portal. The support that the Development Ready team provide has been fantastic. KANE MALCOLMSON Acquisitions Manager, Core Projects
Visit DevelopmentReady.com.au
CONSISTENTLY DELIVER HIGH QUALITY ENQUIRIES We have found DevelopmentReady to consistently deliver high quality enquiry. The tailored nature to development sites has meant that buyers actively viewing listings on the site, know why they are there – to buy a development site.
JULIAN WHITE Partner, Stonebridge Property Group
29
Queensland Listings Cairns Market Update
BNE. 27.4698° S 153.0251° E
QLD 30
Property Listings
QLD
The Property Development Review
F O R SA L E V I A I N T E R N AT I O N A L E X P R E S S I O N S O F I N T E R E S T C L O S I N G W E D N E S D AY, 3 0 T H S E P T E M B E R 2 0 2 0 AT 4 : 0 0 P M
G R AC E O N C O R O N AT I O N 600 CORONATION DRIVE & 20 ARCHER STREET, TOOWONG, QUEENSLAND
SUBJECT PROPERTY
Outlines indicative only.
�
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STCA
�
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Providing an irreplaceable, absolute riverfront site totalling 1.6Ha*
Situated in the blue-chip inner west locality of Toowong, only 3.5km* from the Brisbane CBD
The zoning allows for flexible development outcomes, with the majority of the site zoned Major Centre, providing a Code Assessable height of 15 storeys
Boasting 135 metres of direct river frontage
Offering uninterrupted north-east facing CBD and river views
Within the under supplied inner-west precinct
*Approximate
Brendan Hogan Director l Development Sites 07 3370 1754 0422 561 295 Brendan.Hogan@colliers.com
Adam Rubie Manager l Development Sites 07 3026 3365 0413 432 911 Adam.Rubie@colliers.com
graceoncoronation.colliers.com.au
31
Cairns Market Update
Cairns property markets have presented with a noticeable level of resilience, despite the current circumstances of COVID-19. Prior to the pandemic, Cairns had an enviable position across most asset classes, with “A” grade commercial accommodation experiencing very low vacancy rates and escalating effective rentals, with “B” and “C” class accommodation following suit. In all commercial accommodation market classes, tenants tend to revolve in existing tenancies, with the cost of fitout and relocation still a negative aspect to repopulating new premises, refurbishing or readjusting older work places. This trend had started to change, and we expect it to do so much more rapidly now that there has been a bring forward movement in work practices evolution following COVID-19, with reduced capacity for both staff and overall workspace in a focal point. Naturally, Cairns is in a vibrant tourism area which has had a marked effect on interest and the appetite of investors for tourism accommodation properties, which up until this point had been very active, with sales of high end hotels prevalent as well as smaller two and three storey walk up style complexes. Unfortunately, current circumstances have had a devastating effect on the retail community, which is the weakest section of the Cairns market. The full 32
effect of those circumstances are yet to be felt until there is a true return to workplaces and the operation of restaurants, hotels and clubs etc. One bright point in local markets has been the industrial sector, particularly smaller properties, which have continued with a high level of transactional achievements in both sales and leasing. As you may expect, most of the current demand is locally based, with those parties that have a good understanding of the local environment and business circumstances. This continues on from a very strong finish to 2019 and start to 2020 prior to the lockdown. The market has stagnated somewhat in higher end valued properties, unless yields are fit for purpose with other criteria such as rental values etc being in line with market circumstances. We have in recent weeks experienced an increase in enquiry and activity from a broad purchaser base looking for better yielding opportunities due to compression in the southern states, continued opportunities available in the money market. We imagine this trend will continue given the range of national opportunities becoming increasingly competitive, and the generally higher yields available in regional areas. While investor interest remains a notable trend, the process of concluding a transaction is certainly more drawn out as financiers take into consideration
Ready Media Group would like to thank Greg Wood – Head Partner of Cairns, Knight Frank for contributing this article.
The Property Development Review
higher levels of documentation and detail required to approve applications, and valuers notations toward current market circumstances. Notwithstanding the above, there is still good appetite for both buyers and sellers to conclude negotiations with a higher need for total disclosure, particularly in the circumstances where rental properties may have agreed to rent relief terms under COVID-19 and such like factors.
in the property sector for realignment of commercial uses and applications, together with shifts in the industrial market given new demands and potential requirements dependent on the amount of new buildings and infrastructure projects. This includes development sites for more traditional residential subdivisions, aged care facilities and alike.
Sentiment for the market remains strong, with a number of larger projects to be marketed once state and international borders are open, giving the opportunity for the broader market to be involved. Our office had marketed a large prestige development site known locally as Half Moon Bay, which had received exceptional interest in the early phase of the campaign. It was however decided that due to travel restrictions giving rise to the inability for potential purchasers to complete appropriate due diligence and undertake physical inspections and site evaluations etc, this had to be put on hold.
applauded for their initiative in bringing forward many civic projects and fast tracking development applications etc, with many millions of dollars to be spent in beautification works within the Cairns CBD, particularly noted is the upcoming revitalisation of the Cairns Esplanade precinct, boardwalk and lagoon area. Once the market has settled and there is a clear direction on the overall appetite, we expect new projects and marketing for existing stock, development sites and larger projects will recommence.
Despite the high profile, foreign investment has always been a small part of the Cairns market, and as a consequence, has not had a devastating effect one way or the other with any new interest well directed and serviced. We expect the landscape not to change dramatically over the next six months or so, even with stricter FIRB requirements. There will be keen interest
Fortunately, the Cairns Regional Council should be
The Cairns property market fortunately has excellent foundations, given the very low vacancy rates and general undersupply of the market, with the exception of retail given the direct relationship to the tourism sector in the shorter term. Overall, we consider Cairns has a terrific future with a lot of activity in the sector reinforced by local government and the various development agencies such as the Chamber of Commerce and Advance Cairns. 33
Property Listings
QLD
Boundary Indicative
Indooroopilly Development Site For Sale 11 - 19 Railway Avenue, Indooroopilly, QLD
Expressions of Interest closing Thursday 8 October 2020 at 4pm
– Elevated 2,884sqm development site suitable for various outcomes up to 10 storeys** – Existing residential improvements generating substantial holding income – Potential for expansive CBD and river views – Adjacent to Indooroopilly Train Station – 5km* from CBD & close to Indooroopilly Shopping Centre, UQ St Lucia, State & Private schools, Indooroopilly & St Lucia Golf clubs – Set to benefit from the Indooroopilly Riverwalk project (2021), a stunning new 5m* wide riverwalk and cycle way connecting University of Queensland and Western Freeway Bikeway *(Approx. **STCA)
34
Elliott O’Shea Sam Byrne
0413 838 717 0414 421 110
property.jll.com.au/320354
Property Listings
QLD
The Property Development Review
Auction
15 Strathaird Road Bundall Iconic Freehold Tenanted Investment With Major Development Upside – Must Be Sold! • Net income $157,158.06* p.a. + GST + all outgoings • Substantial land holding of 3,704m* • Freestanding building 1,792m* • Development friendly zoning ‘mixed use, fringe business precinct’ • Iconic tenant Gold Coast Iceland’ has occupied the premises for over 22 years
Auction Wednesday 14th of October 11 am - In Rooms 16 Queensland Avenue Broadbeach
Jared Johnson 0423 386 939 j.johnson@coastal.com.au
Lachlan Mashall 0426 259 799 l.marshall@coastal.com.au 35
Property Listings
QLD
3.7HA* BROOKWATER ESTATE | JOINT VENTURE OPPORTUNITY Brookwater, 133 - 163 Brookwater Drive
Outline and Locations Indicative Only
Outline Indicative Only
EXPRESSIONS OF INTEREST Closing Thur 1 Oct 2020 4pm
• Opportunity to partner with one of Australia’s most successful developers to deliver flagship residential project • Land area 3.7248* Hectares • 438m* of direct frontage to the 9th & 18th holes of Qld’s No 1 Championship Golf Course • Elevated site overlooking the Brookwater Golf Course and Country Club
• Broad range of development possibilities including townhouse, terraces, apartments, aged care / retirement, hotel / resort • One of SE Qld’s most coveted addresses supported by outstanding health, recreation, education, shopping and transport facilities associated with Springfield City
Mark Creevey 0408 992 222 mark.creevey@raywhite.com Tony Williams 0411 822 544 tony.williams@raywhite.com *Approx
raywhitespecialprojects.com
A high-density development site with a prime corner position in Broadbeach, Queensland. 15 ROSEWOOD AVENUE, BROADBEACH, QLD, 4218 The site is located on the corner of Rosewood Avenue and Gold Coast Highway, only meters to the beach positioned between Surfers Paradise and the heart of the Gold Coast’s famed Broadbeach precinct. –
1235 Sqm Corner Site
–
High Density Residential Zoning RD8 (1 Bed/13 Sqm)
–
Current Development Approval for 39 Levels
–
Unlimited Building Height Limit
15 Rosewood Avenue is a development friendly site offering being sold via - Expressions of Interest ending 29th September 2020.
CONTACT AGENT ANTONIO MERCURI – 0434 629 521 36
VIEW LISTING
Property Listings
QLD
The Property Development Review
MORTGAGEE EXERCISING ITS POWER OF SALE 44 Kokoda Street, Beenleigh, QLD, 4207
FOR SALE AUCTION: 26 SEPTEMBER 2020 AT 2:30PM Key Features Include: • 807 m2 (*approx) • DA Approved for 47 architecturally designed apartments. Configuration comprises: • 15 x 1-bedroom • 32 x 2-bedroom apartments • 53 car parks • 48 storage cages • 9 storeys plus basement • Average unit size of 103sqm* Located just outside the City Centre within walking distance to CBD, train, bus, schools, recreation etc.
View Listing Rob Tindall 0406 854 141 rob.tindall@raywhite.com
* Distance and sizes are approximate only.
MORTGAGEE EXERCISING ITS POWER OF SALE
7-15 Alamein Street, Beenleigh, QLD, 4207
FOR SALE Auction: 26 September 2020 at 2:00pm Key Features Include: • 2561 m2 (*approx) • DA Approval in place for 36 apartments to be constructed over 5 levels. Configuration comprises: • 32 x 1+1 - bedroom apartments • 4 x 2+1 - bedroom apartments • 66 car parks • 36 storage cages • Private terraces for all apartments up to a massive 112 square metres* Purchase this freehold site outright with all approvals in place. All major shopping centres, national brands and household known retail shops, showrooms, etc all within a 1 kilometre radius.
View Listing Rob Tindall 0406 854 141 rob.tindall@raywhite.com
Alanna Tindall (07) 3807 6334 alanna.tindall@raywhite.com
* Distance and sizes are approximate only.
37
Property Listings
QLD
JACOBS WELL BAYSIDE TAVERN - THE BEST LITTLE PUB IN THE CANE FIELDS Jacobs Well 1170 Pimpama Jacobs Well Road
Indicative only
EXPRESSIONS OF INTEREST Closing Thursday 22 October at 4pm • • • • • • • • •
Set on 3,946m²* in the heart of Jacobs Well Opposite the Jacobs Well Tourist Park and boat ramp 140 seat restaurant, state of the art kitchen Public bar, TAB, Keno, 19 poker machines Outdoor entertainment area & children’s playground Also featuring a 3 bedroom house Fully self contained managers quarters The hotel is in excellent condition 30* min to Gold Coast and 45* min to Brisbane
*approx
38
Gregory Bell 0414 380 555 g.bell@rwsp.net Ross McVean 0418 381 948 r.mcvean@rwsp.net Scott Wells 0412 766 163 s.wells@rwsp.net raywhitecommercialgoldcoast.com
Property Listings
QLD
The Property Development Review
Accelerating success Reach more people – better results faster.
View Now APPROVED SUNSHINE COAST TOWNHOME DEVELOPMENT SITE WITH VIEWS
EXPRESSIONS OF INTEREST Closing Thursday 22 October 2020 at 4pm 5 Pavilion Drive, Peregian Springs, QLD, 4573
– Land area 2.79ha* – MCU Approval for 51 x 3 Bed, 2 Bath, DLUG Townhomes – Medium Density Zoning – OPW Approval for Earthworks – Elevated Site with ocean view potential – Services to the boundary – Easy walk to Peregian Springs Shopping Centre, St Andrew’s Anglican College & Peregian State School – Short 5 minute* drive to Peregian Beach or 20 minutes* to Hastings Street, Noosa. *Approximately
Baydn Dodds 0418 173 187 baydn.dodds@colliers.com
Brendan Hogan 0422 561 295 brendan.hogan@colliers.com
colliers.com.au 39
Property Listings
QLD
W H AT ' S N E X T PREMIUM POSITION ALONGSIDE GOLD COAST’S BROADWATER
SPECTACULAR BROADWATER POSITION CNR GOLD COAST HIGHWAY & ROBERT STREET, LABRADOR, QLD 4215 • • •
2,016sqm Development Site 93 metre Dual Street Frontage Existing Development Approvals
Kyle Youngson 0403 749 476
Zoned High Density Residential 53 metre Building Height Allowance Premium Position alongside Broadwater
Richard McCouaig 0411 475 993
cushmanwakefield.com.au 40
• • •
* Approx
Property Listings
QLD
The Property Development Review
W H AT ' S N E X T UNIQUE SITE BEING FULLY APPROVED, READY TO TURN SOIL
DA & BA APPROVALS – 4 DWELLINGS 44 GOVERNMENT ROAD, LABRADOR, QLD 4215 • • • • •
693sqm Development Site DA & BA Approval for 4 Dwellings Duplex Configuration with no Body Corp. Ability to Stage the Construction Exceptional level of amenity surrounding
• • • •
Corner Position with Some Elevation and Aspect High growth-area of the Gold Coast Each Dwelling Designed for the Market Generous Living Areas of approx. 173sqm
Richard McCouaig 0411 475 993
cushmanwakefield.com.au
* Approx 41
Here’s what leading QLD agents are saying: THE LEVEL ENQUIRY FAR OUTWEIGHS OTHERS The Jared Johnson & Lachlan Marshall Team would like to personally endorse the DevelopmentReady platform. The level of genuine enquiry we receive on development sites we're marketing far outweighs any other commercial property platform. The team are an extremely professional outfit, they are diligent, analytical and above all helpful. We could not recommend Rob and the team highly enough. JARED JOHNSON Director, Harcourts Coastal Commercial
STRONG LEVELS OF ENQUIRY The Colliers Site Sales team utilises DevelopmentReady for all on-market listings due to the strong levels of enquiry we receive from their platform. Given their national platform and wide reaching database, we see qualified parties being filtered through on our sale offerings. Rob, TC & the wider team have been great to deal with and always ensure we are up to date with new service offerings and opportunities. ADAM RUBIE Residential Development Sites Manager, Colliers International
Visit DevelopmentReady.com.au 42
PROFESSIONAL AND A PLEASURE TO WORK WITH Ray White Commercial Industrial Gold Coast has been engaging with Development Ready for a number of years now. Myself and our sales team are always happy with the quantity and quality of enquiry that is received off their various platforms and furthermore, the DevelopmentReady team are extremely professional and are a pleasure to work with. GREGORY BELL Director, Ray White Commercial Gold Coast
INVALUABLE SOURCE OF HIGH QUALITY ENQUIRY DR has been an invaluable source of high quality enquiry for my development site sales, especially when targeting interstate and international purchasers. I find a listing on DR is an essential part of all my development sale campaigns and continually recommend their listing packages to vendors. CARL CHARALAMBOUS Managing Director, C Property
WANT TO ADVERTISE IN TPDR?
The Property Development Review
Reach a wide audience pool by advertising in The Property Development Review. Call 03 9631 5476 or Email ted@developmentready.com.au
Click for More Info
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Boost your campaign with video content that drives enquiries.
Allard Shelton, Corporate
Real Properties, Carrum
Knight Frank, Melbourne
Smart agencies are using video content as a key marketing component on every platform and channel. The creation of information-rich video content produced by DevelopmentReady has boosted both campaign enquiry levels and brand awareness for many leading agencies.
44
ICR Property, Sunbury
Make Video Content work for you — talk to us today.
Report WA Quarterly Western Australia Listings
The Property Development Review
PER. 31.9505° S 115.8605° E
WA
45
Property Listings
WA
FOR SALE INDIVIDUALLY OR AS A PORTFOLIO EXPRESSIONS OF INTEREST BY WEDNESDAY 7TH OCTOBER 2020 AT 2PM (AWST)
AVON RIDGE ESTATE, BRIGADOON
GREENLEA ESTATE, BALDIVIS
MUNDIJONG ROAD, MUNDIJONG
171.04HA Residential lifestyle estate with 77 subdivision approved lots
16.8194HA Modern residential estate with 4 titled lots, 215 subdivision approved lots and a part high school site
51.4HA Located in a key growth corridor of Perth with an approved Local Structure Plan in place
FOR MORE INFORMATION, PLEASE GET IN TOUCH WITH THE EXCLUSIVE MARKETING AGENTS
46
Ryan McGinnity
Wayne Lawrence
+61 417 719 712
+61 434 650 853
ryan.mcginnity@cbre.com.au
wayne.lawrence@colliers.com
Property Listings
WA
The Property Development Review
47
Property Listings
WA
Boundary Indicative
Waterfront development site For Sale 65A&B Canning Beach Road, Applecross
For Sale by Offers to Purchase closing Wednesday 14 October at 2pm
– Prime 512sqm water front development site – Breathtaking city and Swan River views – One of Perth’s most affluent residential suburbs
0412 779 987 0417 197 375
property.jll.com.au/320323
– Only 600m* from the train station, bus port and freeway – Mixed use development potential up to 6 storeys (STCA) – Potential uses include apartments, cafe, restaurant & office – Two existing 3x2 executive residences – Fully leased with significant holding income *(approx)
48
Sean Flynn Nigel Freshwater
Property Listings
WA
The Property Development Review
FOR SALE
PRIME COMMERCIAL DEVELOPMENT SITE WA, Belmont: 8 Robinson Avenue PERTH CBD
SWAN RIVER
CLE
GRE
ER AV
AT E ASTE R
E RAC TER
NH IG
ENUE
HWA Y
AV
ONT
BELM
8 ROBINSON AVENUE
CLE
AVE R
TER
RAC
E
E
NU
O
INS
B RO
VE NA
Outline Indicative Only
UNIQUE COMMERCIAL DEVELOPMENT OPPORTUNITY + The 3,979sqm* site, situated 7.8km* east of the Perth CBD, provides good accessibility to major thoroughfares of the locality such as Great Eastern Highway, Orrong Road and Abernethy Road. + 133m* frontage to Robinson Avenue and is located within Belmont’s established commercial precinct, nearby to major industrial precincts and Perth Airports. + Zoned ‘mixed-business’ under the City of Belmont’s LPS No. 15, the site is well suited to a broad range of end uses, having previously been DA approved for a 3-level office building. FOR SALE VIA AN OFFERS TO PURCHASE CAMPAIGN CLOSING THURSDAY 15TH OCTOBER 2020 AT 4PM AWST JAKE WALLMAN +61 403 975 298
BEN YOUNGER +61 410 533 679
*approx
49
* THE WITH LONG WAIT TIME TO VIEW PROPERTY DOCUMENTS IS A THING OF THE PAST.
50
SA South Australia Listings
Property Listings
The Property Development Review
ADL. 34.9285° S 138.6007° E
SA
51
Property Listings
SA
Development site with income For Sale by EOI closing
For Sale 264-270 Angas Street, Adelaide SA
Friday 18 September 2020 at 4.30pm
– Three street frontages
Jed Harley 0418 807 920 Roger Klem 0423 919 373
– Current improvements of 750sqm*
property.jll.com.au/306436
– Development site of 893sqm*
– Valuable holding income – Capital City Zoning - 53m height limit *(Approx.)
52
RLA1842
Property Listings
SA
The Property Development Review
Boundary Indicative
Mark your mark in Bowden
For Sale Allotments 49 & 50 Third St, Bowden SA – Sites of 2,044sqm* and 1,993sqm* – Once in a lifetime opportunity to shape the Bowden town centre – Very close to public transport, and health and entertainment precincts
Expression of Interest 4pm Wednesday 30 September
Jed Harley 0418 807 920 Roger Klem 0423 919 373 property.jll.com.au/319984
– Capitalise on the significant growth in the masterplanned development *(Approx.)
RLA1842
53
TPDR Interviews The Deague Brothers
54
The Simonds Family
Stefan Giameos
The Pellegrino Family
Scott Hutchinson
Mario Salvo
The Property Development Review
Danny Ciarma
Bill Moss AO
Watch Exclusive Interviews with Industry Leaders Online.
Nigel Satterley
Don O'Rorke
Mark Wizel
Michael Cook
55
With you for the life of the campaign.
56