Issue #20 | The Property Development Review by The Property Development Review By Development Ready

#20

March/April 2021

The Interview: Mark Korda Phil Ruthven AM Mark Leibler AC David Smorgon OAM Maha Sinnathamby AM David Kobritz Around The Country: Market Moves National Site Listings

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info@commercialready.com.au 03 9631 5476

Inside Issue #20

From the CEO

The Interview: Mark Korda KordaMentha

The Interview: Phil Ruthven AM IBISWorld

The Interview: Mark Leibler AC Arnold Bloch Leibler

The Interview: David Smorgon OAM CEO Pointmade

The Interview: Maha Sinnathamby AM Chairman of Springfield City Group

Welcome to the March/April Issue (our 20th!) of The Property Development Review. What a remarkable start to the first quarter! Amidst the random COVID lockdowns, the property market has been accelerating at an energetic pace. Ready Media clients have been in full action mode launching key development site offerings across all major markets. In addition, residential agencies have matched their commercial agency colleagues in terms of listing quantities. Overall the market is presently very resilient with values and demand is at solid levels - long may it continue! Our featured interviews with Rob Langton restarts with a truly star studded line-up of business legends: Mark Korda is the co-found of highly reputable advisory and investment group, KordaMentha - don’t miss this extremely informative interview. No one in Australia knows more about the business world than Phil Ruthven AM. Phil is founder of IBISWorld, an information and strategic services corporation operating in seven countries. This is an exceptionally enlightening interview. David Smorgon OAM has an outstanding business resume, currently CEO of family advisory firm Pointmade – David’s interview is insightful. Mark Leibler AC is regarded as an exceptional businessman with a legal intellect to match. He’s trusted advice is sought by Prime Ministers and pre-eminent business leaders. Maha Sinnathamby AM is the developer of the Greater Springfield Development - the largest master-planned community in Australia’s first private city. Maha is a true creative visionary with extraordinary foresight. David Kobritz is founder of property development group, DealCorp. Considered an industry leader with 35-years of retail, commercial and residential projects, David’s interview is a must watch for all property developers. Latest Development Site Listings & Market Moves Check the latest development sites for sale plus a summary of recent sold activity Australia-wide.

Enjoy the read and importantly keep well.

The Interview: David Kobritz DealCorp

NSW: Property Listings

VIC: Property Listings

39 53 59

QLD: Property Listings

SA: Property Listings

WA: Property Listings

Nick Materia, CEO, Ready Media Group On The Cover Mark Korda KordaMentha Editor in Chief Frank Materia, frank@readymedia.com.au

Design & Direction Nespecart Advertising Enquiries Ted Lloyd ted@readymedia.com.au Editorial Enquiries editor@readymedia.com.au

Contact TPDR Ready Media Group Level 1, 167-169 Buckhurst Street, South Melbourne VIC 3205 Tel. 03 9631 5476 info@readymedia.com.au

Market Moves

MOOREBANK - $1.65 Billion: LOGOS Property Group has secured this 243-hectare site. The deal still requires approval from the Foreign Investment Review Board. FAIRFIELD EAST - $32 million. Located at 44-46 Mandarin Street, this 2.71-hectare tenanted office and warehouse site was purchased by a local investor. BELLA VISTA - $26.25 million: This exBunnings asset at 8 Lexington Drive has been picked up by Centuria Industrial REIT (CIP). Part of the Norwest Business Park and consists of a 7,678sqm warehouse with a 591sqm office on a 1.7-hectare landholding. SEVEN HILLS - $10.595 million: Located at 10 Brumby Street, this industrial development was acquired by IKON Services Australia. SYDNEY - $132 million: The five-star Primus Hotel has traded to Pro-Invest Group. PARRAMATTA - $41.435 million: The Entrada Shopping Centre has a been acquired by a private Australian investment trust. It has a gross lettable area of 5,570sqm plus a 196-space car park. BATHURST - $16.95 million: Sold by HomeCo REIT, this bulky goods retail investment is located at 3 Pat O’Leary Drive Kelso. MACQUARIE PARK - $144 million: This recently completed Macquarie Park office has been purchased by US-based AEW Capital – it presents 14,600sqm A-grade office space over twelve storeys.

VIC Market Moves: Around the Country NSW

KURRABA POINT - $60 million: A 4,240sqm harbourfront site on Sydney’s Lower North Shore has been scooped up by Melbourne developer PB & Co. The deal comprises of several parcels and buildings at 184B-190 Kurraba Road and 23 Baden Road. PENRITH - $23.165 million: Investors have paid a combined $23.165 million for 10 lots within the Parklands Industrial Estate. The freehold lots span 2,012sqm to 8,219sqm. NEWCASTLE WEST - $7.3 million: An investor has purchased 978-980 Hunter

Image: Artist’s impression

Street - a freehold retail building totalling 3,193sqm. FRENCHS FOREST - $100 million: US investment firm, Invesco sold up this asset to fund their Asia core fund activity across the region. SYDNEY OLYMPIC PARK - $66.1 million: Two adjoining offices have been scooped up by EG. Located at Quad Business Park, they present around 5,000sqm of total NLA with a total land area of 1.44 hectares, containing 283 car parks. RUTHERFORD - $8.5 million: The Hunter Gateway Motel was purchased by the Trinity Accommodation Regional Hospitality Fund adding to their 17 properties regional Australia portfolio.

TARNEIT - ~$50 million: This 38-hectare low-density housing site has traded hands from New Sky Group to Stockland. Located on Sayers Road the parcel will reportedly yield around 493 homes. MELBOURNE - $40 million: Flinders Lane’s art deco building, Invicta House, has been traded from Swinburn University to Fidinam. Located on the corner of Monaghan Place and Flinders Lane, the century-old seven storey building sits on a 741sqm block and with a gross lettable area of 6,482sqm. ALTONA NORTH - $21 million +: Located at 141-159 Dohertys Road, on a 7.14-hectare parcel. ARMADALE - $11 million: A block of flats located at 97-99 Kooyong Road, the 2,043sqm site presents a circa-1962 three-level brick complex with 27 dwellings. BAYSWATER - $3.75 million: Lots 14, 15 & 16, 10 Jersey Road has been scooped up by a local investor. This single level brick office/warehouse on a 5,000sqm site has a total building area of 3,314sqm with over 40 car spaces. CANTERBURY - $2.6 million: A stand-alone shop/dwelling in the tightly held and highly on 108 Maling Road shopping village was sold as vacant possession. BATESFORD - $32 million: A 32.43-hectare

The Property Development Review

site located at 305 and 375 Ballarat Road has been picked up by a Melbourne based investor. The property has the potential to yield around 500 lots. TORQUAY - $8.4 million: This 4,001sqm site contains a Shell service station and a mycar Tyre and Auto with leases until 2049. RINGWOOD - $8.2 million: Purchased by a Chinese Investor, this recently completed childcare centre at 30-32 Grey Street is currently leased to Kids Club Child Care on an initial 15-year. CHELTENHAM - $5.8 million: The St James Terrace aged care facility has sold to an international investor. The 3,266sqm site at 294-296 Warrigal Road operates 45 beds. DANDENONG SOUTH - ~$8.16 million: An interstate owner occupier has purchased Lot 6, 91 Colemans Road - a 1.6 Ha site to develop its newest facility. MELBOURNE - $2.6 million: An offshore investor has purchased 2 shops within ‘The Edition’ building at 517 Flinders Lane. HAMPTON – Undisclosed: Neighbouring owners joined together to create and sell a 1,358sqm site – consisting of 6 shops, price expectation was $8 million-plus. BRUNSWICK - $13.82 million: An interstate investor has bought 409-419 Sydney Road, a 3,700sqm tenanted by Bunnings and Australia Post. CLAYTON - $11.2 million: A development ready site at 99-121 Carinish Road has sold with permits for a nine-storey building, with 9,330sqm of lettable area plus 42 apartments, townhouses, office, retail and childcare. DERRIMUT - $37.25 million: Centuria Industrial REIT (CIP) purchased two warehouse at 513 Mount Derrimut Road and 179 Studley Court – a combined area of 5 hectares. DANDENONG SOUTH - $9.6 million: An owner occupier has snapped-up a former Tabcorp property located at 7 Monterey Road. The 2.1-hectare site presents a 9,202sqm factory and offices. ESSENDON - $8.6 million: ASX listed HomeCo’s Daily Needs REIT has purchased a premium childcare offering tenanted by Guardian Early Learning. 138 Hoffmans Road presents a 804sqm facility with a 10-year lease. TARNEIT - $6.57 million: ASX-listed property group HomeCo has expanded its portfolio of childcare centres with the acquisition of a brand-new facility at 80 Homebush Drive. On a 2,305sqm site, the property comprises a new, building spanning 2,093sqm which can accommodate 140 children.

QLD RICHLANDS, GLENDENNING (NSW) & MELBOURNE (VIC) - ~$155 million: Dexus has reportedly purchased four east coast industrial assets. These consist of:

278 Orchard Road Richlands, 53,000sqm distribution centre -$85 million. 201-203 Power Street Glendenning, 5.25-hectare vacant block - $29.84 million. Merrifield Business Park, Mickleham Melbourne $35 million and at 179 Palm Springs Road Ravenhall, 6.6-hectare land ~$5 million. BRISBANE - $63.5 million: A 19-level Brisbane CBD office at 241 Adelaide Street has been jointly purchased by Abacus Property Group and Charter Hall. CAIRNS, MURRUMBA DOWNS & COFFS HARBOUR (NSW) - $57.3 million Centuria have added three medical assets to their Property Fund. The Cairns Day Surgery, 156-160 Grafton Street- 2,470sqm over two floors - $21.6 million. Murrumba Village Medical Centre, 1613 Anzac Avenue - $12.7 million. Coffs Harbour Specialist Centre, 343 Pacific Highway, presents a 3,400sqm property - $23 million. FORTITUDE VALLEY - $15.8 million. RG Property has scooped up the historic Keating’s Bread factory at 37 Kennigo street. The asset presents 2,955sqm of GFA on a 5,094sqm landholding. BEENLEIGH - $6.95 million: MPG Funds Management have purchased 96 George Street, 1,098sqm property with a 8.5 year lease in place. COORPAROO - $5.679 million: A local investor has snapped- up THECAVES@ COORPAROO at 44 Milsom Street consisting of nine industrial/commercial units and one house on a 1,839sqm site. BUNDABERG - $4.2 million: A Sydney syndicator has purchased the Target-anchored Bundaberg Central shopping centre as 13 Tantitha Street – property has a net lettable area of 5,388sqm on a 5,539sqm site area. MOOLOOLABA – Undisclosed: A local Sunshine Coast buyer has purchased oceanfront 26/121 Mooloolaba Esplanade currently home to the “One Up Bar”. FORTITUDE VALLEY - $15.8 million: RG Property acquired of 37 Kennigo Street. The asset occupies a large 5,094sqm inner-city land holding. MORAYFIELD - $8.8 million: Helmsman Invest has divested a 2.17 Ha industrial site to a self-storage business consisting of 7,466sqm of warehouse space over multiple buildings. TINGALPA - $7 million: A private investor has purchased a 3,571sqm industrial manufacturing facility at 36 Proprietary Street. EAGLE FARM - $3.85 million: 87 Links Avenue South a 1,880sqm building GFA on a 5,162sqm land area sold in an off-market transaction. MANSFIELD - $32 million: A 24-unit industrial investment property at 140 Wecker Road has sold. Key tenants include Australia Post, GJ Gardner Homes, Q-Ford, Repco, Storage King and Toll. JACOBS WELL - $8.5 million: A Sydney-based investment company has added the Jacobs Well Bayside Tavern freehold to their portfolio. The tavern boasts a 3,946sqm

site, with a 140-seat restaurant, public bar, 19 poker machines plus a three-bedroom house and manager’s residence. NOOSAVILLE - $4.1 million: A South Australian private investor has snapped up 14 & 16 Venture Drive which has a combined NLA of 2,600sqm on a 3,537sqm site. MURRARIE - $27.672 million: Alceon Qld has sold 48 Miller Street, the global headquarters of electric vehicle charging station provider Tritium in an off-market deal.

BURSWOOD - $3.8 million: Rpoint, a private property group, has purchased the freehold to this fully leased building. Located at 11 Kitchener Avenue, the property is on a 1,334sqm site area with a 1,438sqm building. BUNBURY - $1.2 million: The Trafalgars Hotel has been picked up by local hotel and tourism operators Phillip and Mei Hooper. BIBRA LAKE - $2.025 million: A local businessperson has snapped a warehouse /office at 36 Cocos Drive. The property came with a 3,009sqm site area with a 1,510sqm warehouse, garage and office office. MANDURAH - $16 million: Perth-based, Mair Property Funds, has acquired 35 Minilya Parkway – an 8,801sqm site featuring three buildings that are currently leased to McDonald’s, Caltex and GenesisCare. GLENFIELD - $10.4 million: The Glenfield Shopping Centre in WA’s Midwest has changed hands – the sale price reflects a secure long-term income stream of more than $800,000 per annum. MURDOCH - Undisclosed A recently permitted 3,438sqm building block beside Murdoch’s Fiona Stanley Hospital has been sold by DevelopmentWA for an undisclosed amount. BECKENHAM - $7.8 million: A 4,756 square metre bulky goods investment property at 19-21 William Street has traded to Beacon Lighting for $7.8 million.

ADELAIDE & NORTH ADELAIDE: $110 million: Makris Group have traded two major Adelaide assets. Sydney based Revelop has acquired the City Cross Shopping Centre in Adelaide’s Rundle Mall for $60 million, while Greenpool Capital, has snared North Adelaide Village at 85-87 O’Connell Street in a deal valued at $50 million.

The ultimate investment property arena Our iconic Portfolio Auctions are held every six weeks in Melbourne and Sydney, bringing together the very best commercial investments across Australia. The numbers speak for themselves. Since COVID, Burgess Rawson has sold $662 million worth of property across 210 sales, making us the most active commercial agent in Australia. Looking to invest or divest? Your first call should be to our expert team.

Burgess Rawson Melbourne, Sales Directors. Shaun Venables 0411 860 865

Jamie Perlinger 0413 860 315

Adam Thomas 0418 998 971

Billy Holderhead 0422 817 696

Raoul Holderhead 0413 860 304

burgessrawson.com.au

Australia’s Property People 04

The Property Development Review

Countdown to huge $100M Portfolio Auction Investors will be spoilt for choice when Burgess Rawson Melbourne brings the best commercial investments across Australia to the market on 31 March with a huge $100 million essential service portfolio. Burgess Rawson Director Raoul Holderhead said that to offer 27 high quality properties in one location, on the one day, is remarkable.

The quality is exceptional across the board,” said Mr Holderhead. “And with such a large number of properties, the price expectations will have wide appeal, ranging from entry level prices to in excess of $11.5 million. The auction will be headlined by six childcare centres, seven retail investments and five pubs/bars, demonstrating the diversity of the portfolio. The remaining investments are medical; fast food; fuel; an iconic café and coffee roastery; and car wash.

Mr Holderhead said that highlights include the Carl’s Jr restaurant in Thomastown which will be the first Victorian restaurant in the global burger chain’s network to be brought to auction. “We understand that this restaurant is the brand’s best in the nation,” said Mr Holderhead. “Early price expectations are circa $5.5 million.” In addition, four ALH Group trophy pub investments in Queensland and Victoria will go under the hammer, each offering coveted 25-year triple net leases. Prices are expected to range from $2.7-7.6 million. Mr Holderhead said that Burgess Rawson’s hugely successful February auction saw almost 3,000 people across the world tune in to watch live, with more than 215 people registered to bid. On the day, 20 commercial investments sold for a combined value of more than $67 million, achieving $5.35 million above reserve and yields as low as 4.24%. Burgess Rawson’s next Portfolio Auction will be held on Wednesday 31 March at 10.30am AEDT at Crown Casino, Melbourne. For further details visit burgessrawson.com.au or call 03 9613 0400.

CBD 6KM

ACL AND ST

K I N G S T O N TA S

Trophy St Kilda Investment Opposite McDonald’s Major Future Redevelopment Opportunity

Three Freestanding Hardware Investments Booming ASX-Listed Tenant with Rental Growth

St Kilda VIC 64-66 Acland Street

+ Nubco is a subsidiary of the Coventry Group Ltd (ASX: CYG), market cap of $97 million and 2021 sales up 18.2%

+ Secure 5 year lease to 2024 plus option to 2029

+ Securely leased to 2026 plus options to 2036

+ Tenant pays all usual outgoings

+ Annual, fixed compounding 3% rent increases

+ Rare 617sqm* landholding with 12 metre* frontage and ROW access + Future redevelopment potential up to 4 storeys (STCA)

Kingston (Hobart) TAS 176 Channel Highway

Mornington (Hobart) TAS 14 McIntyre Street

Wivenhoe (Burnie) TAS 17 Main Road

+ Irreplaceable position opposite McDonald’s, Luna Park and St Kilda Beach

+ 4,138sqm* site

+ 3,151sqm* site

+ 1,716sqm* site

+ Net Income: $190,398 pa* + GST

+ Net rent: $216,678 pa* + Net rent: $108,594 pa* + Net rent: $71,823 pa*

Portfolio Auction 10:30am Wednesday 31 March, Crown, Melbourne Beau Coulter 0413 839 898

Zomart He 何梓轩 0488 220 830

Paul Farrelly 0418 358 998

Auction 10:30am Wed 31 March, Melbourne (To be sold Individually) Beau Coulter 0413 839 898

Billy Holderhead 0422 817 696

Level 7, 140 Bourke St, Melbourne

S TA M P D U T Y F R E E

High Profile Freehold Investment New Secure Leases to Listed Tenants

Long 7 Year Net Lease + Options to 2034 ‘Essential Service’ Medical Investment

Morphett Vale (Adelaide) SA 121 Main South Road

Epping North (Wollert) VIC 18 Matilda Avenue (corner Zoe Drive)

+ New 5 year lease to Dulux to 2025 plus options

+ Long 7 year lease to 2024 plus options to 2034

+ 5 year lease to Cash Converters to 2024 plus option

+ Dental One: Established dental group, 4 locations across metro Melbourne

+ Fixed 3% rent increases

+ Pristine 156sqm* clinic including consult & surgery rooms

+ Well presented 1,035sqm* building

+ Rare fixed 4% annual rent increases

+ Large 3,718sqm* landholding with 32 car spaces

+ Tenant pays all usual outgoings

+ Net Income: $229,335 pa* + GST

+ Net Income: $70,191 pa* + GST

Portfolio Auction 10:30am Wednesday 31 March, Crown, Melbourne Adam Thomas 0418 998 971 RLA 293472

Oliver Totani 0412 808 743

Shaun Venables 0411 860 865 RLA 199257

Portfolio Auction 10:30am Wednesday 31 March, Crown, Melbourne Shaun Venables 0411 860 865

Zomart He 何梓轩 0488 220 830

Beau Coulter 0413 839 898

The Property Development Review

The Ultimate Investment Property Arena Melbourne Auction: 10:30am AEDT Wednesday 31 March 2021

P OTE NTIAL 50% S TA M P D U T Y S AV I N G

Strong-Trading Childcare Investment New 15+10+10 Year Net Lease to 2056

Established Childcare Investment 20+10+10 Year Net Lease to 2057

Dandenong VIC 57-59 Stud Road

Maiden Gully (Bendigo) VIC 26 Glenelg Drive

+ Crest Sanctuary: premium operator with over 8 years industry experience

+ Jenny’s ELC: established national childcare provider, 5 locations in Bendigo

+ Fixed 3% annual rent increases

+ Tenant pays all outgoings including land tax

+ Tenant pays all usual outgoings

+ Impressive 762sqm* double-storey facility, licensed for 111 LDC places

+ Well maintained facility, licensed for 87 places

+ Prime 1,474sqm* site metres from Dandenong Market

+ Large 2,329sqm* site, close to Maiden Gully Primary & shopping precinct

+ Net Income: $388,500 pa* + GST

+ Net Income $217,959 pa* + GST

Portfolio Auction 10:30am Wednesday 31 March, Crown, Melbourne

Adam Thomas 0418 998 971

Natalie Couper 0413 856 983

W O O LW O R T H S

Affordable Childcare Investment 15+5+5 Year Triple Net Lease

Secure Entry Level Investment Experienced Food Operators

High Exposure Investment Renewed 7 Year Lease

Kelso (Townsville) QLD 57 Yvette Street

Craigieburn VIC 1B/38 Craigieburn Road

Oakleigh VIC 196 Warrigal Road

+ Affinity Education: 150+ early learning centres

+ Secure 5 year lease to 2022 + options to 2032

+ Renewed 7 year lease to 2027 + opts to 2041

+ Minimum 2.5% annual rent increases

+ Fixed 3% pa rent increases assuring growth

+ Prime 137sqm* site with Commercial 1 Zoning

+ Tenant pays 100% of outgoings

+ Pizza 1B: 40+ years combined experience

+ Tenant pays usual outgoings

+ Long established 75 LDC place centre

+ Immaculate 65sqm* premises

+ Strategic position 100m* from Kelso PS

+ Prime retail position metres from Woolworths

+ 250sqm* well-presented building position at the intersection of Warrigal and North Roads

+ Net Income: $148,732 pa* + GST

+ Net Income: $42,677 pa* + GST

+ Net Income: $62,995 pa* + GST

Auction Wed 31 March, Crown, Melbourne

Natalie Couper 0413 856 983

Shaun Venables 0411 860 865

Zomart He 何梓轩 0488 220 830

Adam Thomas 0418 998 971

Jamie Dewe 0410 350 273

Beau Coulter 0413 839 898

Shaun Venables 0411 860 865 *Approx

The Interview: Mark Korda

Mark Korda

Co-Founder & Partner - KordaMentha Mark began his career at former global accounting powerhouse Arthur Andersen, rising to Partner status at age 31. In 2002 he joined forces with Mark Mentha to co-found legendary advisory and investment group KordaMentha. During his 40-year career Mark has lead restructuring programs for some of Australia’s most iconic companies including Ansett, Network Ten and Masters Home Improvement Group. Mark’s love of AFL club the Collingwood Magpies has seen him contribute nearly fourteen years as a board member and is currently in the role of interim Co-President. Additionally he is also an Advisory Board Member of Swinburne University's faculty of business and law. Watch this interview now.

Scan to watch The Interview

38' Click play to listen to The Interview with Mark Korda in full. Interview: Rob Langton, Development Ready 08

The Interview: Phil Ruthven AM

The Property Development Review

Phil Ruthven AM

Founder & Director - IBISWorld It’s unlikely that you’ll meet anyone who knows more about the business world than this individual. Phil Ruthven is the founder and director of IBISWorld, an international business information and strategic services corporation, operating in seven countries. IBISWorld’s client base in Australian and US includes major corporations, institutions and all levels of government authorities. Phil’s reputation as the nation’s most respected, accurate and astute commentator on business, social and economic trends have made his opinions highly sought after by key media outlets. In 2014, Phil’s professional skills together with his community contributions were recognised with a Member of the Order of Australia award. Watch this interview now.

Scan to watch The Interview

38' Click play to listen to The Interview with Phil Ruthven AM in full. Interview: Rob Langton, Development Ready 09

NSW Lis tings

Property Listings

NSW

The Property Development Review

Connecting people & property, perfectly.

33 & 111 Magpie Hollow Road, South Bowenfels NSW. For Sale by Expressions of Interest closing Thursday, 18 March 2021 at 4.00pm (AEDT). DA Approved & Raw R2 Zoned Acreage Knight Frank is pleased to present for sale three adjoining land parcels, in the lifestyle suburb of South Bowenfels, NSW. DA approved and raw

78 DA approved lots

A perfect mix of DA approved low density lots, raw R2 land, and an escarpment rich RU2 parcel, there are a number of compelling development pathways to consider in the near and medium terms.

R2 & RU2 zoning

High profile corner position

5.3 km* to Lithgow Town Centre

3 parcels available individually or as a combination

•

78 lots (DA approved)

•

Low Council contribution locked in

•

Parcel 1 - 15.32 ha*

•

Parcel 2 - 33.12 ha*

•

Parcel 3 - 15.16 ha*

Mark Litwin 0415 742 605 Grant Bulpett 0415 558 226 Akhil Arora 0444 504 326

*Approx.

The properties are available individually or as a combination.

View Listing

Property Listings

NSW

Accelerating success.

Outlines indicative only

Residential

Blue Ribbon Address with Huge Potential + Water Views (STCA)

Trent Gallagher 0432 242 063

Auction Saturday 27 March 2021 at 10am on-site 22 Taloombi Street, Cronulla, NSW





Elevated on Close Proximity 676.6m2* to Gunnamatta Bay & Cronulla of Prime Station Residential Land









E4 – Environmental Living Zoning

Knock Down & Build your Dream Home^

Metres to South Cronulla Beach & Mall

Regular Site with Water Views

Edward McFarland 0401 868 376

colliers.com.au/p-AUS66012223

*Approx. ^STCA.

colliers.com.au

Connecting people & property, perfectly.

51 Mindarie Street, Lane Cove North NSW.

ADVERTISE IN TPDR

Auction 25 March 2021.

Reach a wide audience pool by advertising in The Property Development Review.

DA Approved boarding house development site

27 self-contained apartments

Anthony Pirrottina 0402 666 093 Demi Carigliano 0423 015 815 Cameron Fitzgerald 0432 096 135 View Listing

Strong income potential upon completion

Call 03 9631 5476 or Email ted@readymedia.com.au

Click for More Info

Property Listings

NSW

The Property Development Review

FOR SALE

R3 ZONED DEVELOPMENT SITE 376 Woodstock Avenue, Mount Druitt

Outline indicative only

+ Sizable 4,917sqm* Land Offering + Zoned R3-Medium Density Residential + Suitable for Townhouses, Childcare, Shop Top Housing (STCA) EXPRESSION OF INTEREST CLOSING 22 MARCH 2021 ALEX MIRZAIAN 0400 523 523 LORD DARKOH 0434 675 724

RAYMOND AHSAN 0434 666 411

cbre.com.au/properties *approx

Property Listings

NSW

Property Listings

NSW

The Property Development Review

239 Darling Street BALMAIN

Sold Sold before auction View raineandhorne.com.au

Tim Le 0488 946 027

tim.le@ghh.rh.com.au

2 cars

172 sqm

Centrally located amid Darling Street’s active café and eatery precinct, this commercial freehold property presents an excellent business opportunity. It is food approved and currently fully equipped as a popular restaurant and offers many business possibilities with lots of scope to further capitalize. The property is presented in immaculate condition and features a generous layout, flexible floorplan options plus on-site parking. Raine & Horne Gladesville/Hunters Hill

Every care has been taken to verify the accuracy of the information contained in this document, but no warranty (either express or implied) is given by Raine & Horne or its agent, as to the accuracy of the contents. Purchasers should conduct their own investigations into all matters relating to the proposed purchase of the property.

Property Listings

NSW

Property Listings

NSW

The Property Development Review

Property Listings

NSW

auction – 25 th march DA approved - six dual level townhouses 1 JUNCTION STREET, MIRANDA A rare opportunity presents itself to secure an amazing DA approved site, only moments to Westfield Miranda, train station and Miranda’s bustling café and restaurant scene. With a rare DA for six two storey townhouses, this DA will maximise GR because of its approval before the back 40% needed to be single level.

auction Thursday 25th March 2021 25 Kingsway, Cronulla at 5.30pm Registration from 5.30pm Unless sold prior

• Six, dual level large townhouses with basement garaging • Great mix of 4 bedrooms, plus large study and three bedrooms • GR approx - $8.6M

contact Mathew Cassidy

0467 855 954

• Quiet street, close to local schools, daycare and hospitals • 700m to Westfield Miranda, close to train station • A 35 minute drive to Sydney CBD, 10 mins to Cronulla’s beaches (approx.)

HIGHLANDCOMMERCIALPROPERTY.COM.AU • 1300 176 070 • CRONULLA | TAREN POINT | SUTHERLAND | ST GEORGE

The Property Development Review

A NEW hassle-free Buy Now, Pay Later solution that allows vendors to borrow up to $50,000 to fund their marketing campaigns. Available exclusively to DevelopmentReady & CommercialReady

©Ready-Pay 2020 Powered by Butn

Visit ready-pay.com.au for more info. 19

Here’s what leading agents are saying: "DR is critical for any development site of consequence."

"We consistently achieve engagement from a range of new purchasers."

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.

The developmentready.com.au website is an imperative marketing component for our team when conducting an on-market 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.

MARK LITWIN Associate Director, Knight Frank Western Sydney

"We experience a broader buyer pool."

"Leads that deliver results."

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.

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.

DEMI CARIGLIANO Senior Executive, Knight Frank South Sydney

HENRY BURKE National Director, Colliers International

JOSEPH ASSAF Director, Ray White Commercial NSW

The Property Development Review

17 March 2021

News Release

Sydney CBD office market showing signs of recovery • Knight Frank has released its Sydney CBD Office Market Report – March 2021 • The research found that while both leasing and investment activity had been impacted by COVID-19, there are emerging markers of improving sentiment • While investment volumes over 2020 were 67% below the record $9.174 billion seen in 2019, there was a rebound in Q4 with $2.08 billion in transactions recorded • In the leasing market there are early signs emerging that tenants are on the move and business confidence is growing, with improving sentiment as more workers go back to the workplace and the economy recovers faster than expected • Preliminary figures for the first quarter of 2021 show that almost 40,000sq m in leasing transactions have been recorded Sydney, Australia – THERE are early signs of a recovery in Sydney’s CBD office market, according to the latest research from Knight Frank. The Sydney CBD Office Market Report - March 2021 found that while both leasing and investment activity had been impacted by COVID-19, there are emerging markers of improving sentiment. While investment volumes over 2020 were 67% below the record $9.174 billion seen in 2019 and at the lowest level since 2013, there was a rebound in Q4 last year with $2.08 billion in transactions recorded, which was well above the 10-year average of $1.6 billion, said report author and Knight Frank Associate Director of Research & Consulting Katy Dean. Offshore investors are showing the strongest interest, with the share of deal volumes growing from a historical average of about 50% to 68% in 2020, she added. Knight Frank Partner and National Head of Capital Markets Paul Roberts said: “Although border restrictions and snap lockdowns in some states and territories slowed down the momentum for offshore and domestic investors for most of 2020, investors were still focused on shoring up balance sheets by selectively investing in high quality, well-leased assets with potential for capital growth. “This strategy began to play out in the last quarter of 2020, with the above average level of transactions reflecting pent-up demand from capital for prime core grade assets in Sydney and potentially an increased willingness by investors to look beyond the current cycle. “Investment demand for core assets in Sydney remains compelling amidst global uncertainty and geopolitical instability. “Australia looks relatively attractive compared to other global markets in managing the pandemic and with higher risk to incomes and lower expectations for capital growth in those markets, more prevalent, offshore buyers are stepping up their exposure to office assets in Australia.” In a sign of confidence, two offshore groups have recently upped their stakes in existing assets in Sydney, said Roberts. China’s sovereign wealth fund, China Investment Corporation (CIC), has acquired an additional 50% stake in Grosvenor Place from Dexus (in partnership with CPPIB) for $925 million. Meanwhile, M&G Real Estate also acquired an additional stake in 400 George Street from Investa for $300 million, increasing their ownership to 50%. In recent news to support this sentiment, Investa has partnered with Canadian group Manulife to acquire 39 Martin Place for $800 million. The Knight Frank research found prime yields for Sydney CBD office assets are holding firm between 4.25% and 4.75% after sustained compression prior to the pandemic, with an increasing focus on covenant strength and length of income.

Leasing market improving In the Sydney CBD office leasing market volumes have also declined, continuing to be impacted by pandemic conditions, but there are early signs emerging that tenants are on the move. “Sentiment is improving as more office workers begin the transition back to the workplace, and the stronger than expected economic recovery, with consumer spending and employment growth performing particularly well,” said Knight Partner and Head of Office Leasing NSW Al Dunlop. “Business investment has also increased for the first time since the third quarter of 2019, which is particularly encouraging. “Despite the strength in recent figures, the uncertainty around COVID-19 r estrictions and the tapering of government support this quarter is still impacting some businesses with plans for relocation or expansion in the short term. “However, the easing of restrictions and growing confidence in the public health initiatives is providing some momentum for continued improvement in the business sector into 2021, and we are seeing greater activity in the office leasing space as a result.” The Knight Frank research found there was a halt in leasing activity during the second quarter of 2020 relative to the historical average, which resulted in the total vacancy rising to 8.6% in January 2021, up from 5.6% in July 2020, and total net absorption declining by 54,671sq m over the same period. However, as the year came to a close, transaction activity was beginning to improve and the fourth quarter finished just 27% short of the same period in 2019 and 2018, said Ms Dean. “Preliminary figures for the first quarter of 2021 show that almost 40,000 square metres in lease transactions have been recorded, suggesting that tenants are once again reviewing and acting on leasing options in the market. “Further analysis of the initial numbers for the first quarter show that more than 62% of deals by volume of square metres have been for new leasing deals, with 26% for pre-commitments and 12% on sublease space.” The research found average incentives have increased to above 30%. Face rents are holding but with incentives up, gross effective rents declined by 6% in prime and 7.5% in secondary in the six months to January 2021. For further information, please contact: Philippa Giles – Director, PR & Communications Australia, Knight Frank Philippa.Giles@au.knightfrank.com +61 402 828 434 Vanessa De Groot – Director, De Groot Communications vanessa@degrootcommunications.com +61 410 460211

Knight Frank LLP is the leading independent global property consultancy. Headquartered in London, Knight Frank has more than 20,000 people operating from 488 offices across 57 territories. The Group advises clients ranging from individual owners and buyers to major developers, investors and corporate tenants. For further information about the Company, please visit knightfrank.com.

The Interview: Mark Leibler AC

Mark Leibler AC

Partner - Arnold Bloch Leibler Mark Leibler AC is regarded as one of Australia's leading tax lawyers and corporate strategists. His legal nous, corporate acumen and political skills have been relied upon by generations of this Nation's most influential and successful businesses, entrepreneurs and Prime Ministers. Mark’s social conscious and tireless support for Indigenous rights and services to the Jewish community define his character as a remarkably compassionate individual. As a highly educated Law graduate from both Melbourne and Yale Universities, Mark was also awarded The University of Melbourne’s highest individual honour, the degree of Doctor of Laws. Independent legal guide, Chambers Asia Pacific Mark described Mark as being "highly analytical and objective – the best strategic thinker and negotiator in Australia." Watch this interview now.

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38' Click play to listen to The Interview with Mark Leibler AC in full. Interview: Rob Langton, Development Ready 22

VIC

Lis tings

Connecting people & property, perfectly.

26, 28 & 30 Woorayl Street, Carnegie VIC. For Sale by Expressions of Interest closing Thursday, 22 April 2021 at 4pm. Ideal Development opportunity located within Carnegie’s Structure Plan Residential Growth Zoned (RGZ1)

Opportunity for development up-to 8 levels

Ideal future Residential or Mixed Use

Adjacent to Carnegie Train Station

Surrounded by a broad range of amenity

View Listing

A prime Residential land holding within the bustling Carnegie Activity Centre, allowing the flexibility for future owners & Developers to create a high quality boutique Development project. This prime offering allows landbank investors and Developers to purchase a quality Development site with short term holding income. 26, 28 & 30 Woorayl Street, Carnegie is unmatched with endless opportunities for savvy Developers eager to secure their next project in this thriving City-Fringe location.

Ed Wright 0421 213 021 Matthew Romanin 0412 888 428

*Approx.

1,171 sqm* Land parcel

Property Listings

VIC

The Property Development Review

164 Main Street, 2-4 & 6 Station Street, Pakenham

Gateway site ready for development or upgrade in Pakenham There are three titles on offer for sale by way of expression of interest, closing 5pm, Thursday 1 April. All shops are tenanted by local favourites, the Cornerstone Cafe, Pakenham Jewellers and the Cardinia Op Shop. The passing income is $75,023.28pa, with all leases expiring by June 2022.

Matt O’Dea

BUILDING AREA

AREA

Shop 164 Main Street Shop 2-4 Station Street Shop 6 Station Street Total

63m² 200m² 105m² 368m²

ZONING

Commercial 1

Desirable 35 metres frontage to Main Street and Station Street and 50 metres to Manhattan Arcade. Directly opposite the Pakenham Hotel, metres from Pakenham Train Station and Pakenham Marketplace. The site would suit a multi-level redevelopment in this thriving township. Make your mark in central Pakenham! *All areas are approximate

0448 566 556 matt.odea@faceyproperty.com.au

Kelsey Heath 0448 726 313 kelsey.heath@faceyproperty.com.au 25

Property Listings

VIC

Australia’s Property People

Trophy St Kilda Investment Opposite McDonald’s Major Future Redevelopment Opportunity St Kilda VIC 64-66 Acland Street + Rare 617sqm* Commercial 1 Zone (C1Z) landholding with important 12 metre frontage to Acland Street and ROW access + Major future redevelopment opportunity with zoning allowing for up to 4 storeys and basement (STCA)

L U N A PA R K

$550M SAINT MORITZ DEVELOPMENT 50M

P A L A I S T H E AT R E

+ Secure 5 year lease to 2024 + option to 2029 + Tenant pays all usual outgoings + Lona: Popular bar and function venue with one of St Kilda’s largest outdoor dining areas + Irreplaceable position opposite McDonald’s, Luna Park, Palais Theatre and St Kilda Beach

MCDONALD’S THE ESPLANADE

+ St Kilda: World renowned beachside location only 6km from Melbourne CBD with 2 million visitors annually + Net Income: $190,398 pa* + GST

ACL AND ST

For Sale by Investment Portfolio Auction 10:30am AEDT Wednesday 31 March, Crown Casino, Melbourne Beau Coulter 0413 839 898

Raoul Holderhead 0413 860 304

FAW K N E R S T

Zomart He 何梓轩 0488 220 830

ROW

Paul Farrelly 0418 358 998

*Boundaries Indicative Only

burgessrawson.com.au

*Approx

ST KILDA

7,9 & 11-15 Fitzroy Street FOR SALE BY EXPRESSIONS OF INTEREST closing Thursday 25 March at 2pm

LANDMARK OPPORTUNITY WITH ENORMOUS UPSIDE 3 Outstanding Freeholds Opposite St Kilda’s Iconic Foreshore •

Combined land area of 1,335 sqm*

•

Combined current income of $655,500 pa (plus GST)*

•

Potential income of $770,500 pa (plus GST)*

•

Huge 30m* frontage to Fitzroy Street plus rear laneway frontage

•

Amazing investment opportunity with huge upside

•

Popular Bayside location

To be sold individually or in one line For more information please contact: Joseph Walton

0417 309 347

Michael Ryan

0433 180 199

VIEW LISTING *Approx

9654 3222

Level 3, 267 Collins St Melbourne allardshelton.com.au 26

VIC

The Property Development Review

Stree t

son

Leve

be rr

yS tre

Property Listings

493-495 QUEENSBERRY STREET NORTH MELBOURNE AUCTION, WEDNESDAY 14TH APRIL AT 1PM ONSITE OCCUPY OR OPPORTUNITY FOR REDEVELOPMENT Located on the cusp of the Melbourne CBD, proximity to Queen Victoria Market, Melbourne University, RMIT, Flagstaff Gardens, major hospitals/medical precinct and city bound tram options. • Opportunity for a mixed use 5-storey development (STCA) • Prominent corner location, 22m frontage to Leveson street • Building area: 486sqm (approx.) • Land area: 244sqm (approx.)

• Zoned: Mixed Use • Potential for city skyline views • Alternate scheme for student accommodation project • Queen Victoria Market (set to undergo $250m* revitalisation)

For further details contact: Ross Mercorillo 0418 227 354 or ross@crsproperty.com.au

9670 1255

www.crsproperty.com.au

Level 4, 256 Queen Street, Melbourne

Property Listings

VIC

FOR SALE - TENDER CLOSING 19 MARCH AT 1PM

Waterside site in the Docklands Precinct 194 Lorimer Street, Docklands Guide • Vacant site of 4,509sqm* which provides flexibilty for a multitude of development options • Stunning views towards Melbourne´s CBD, Docklands the Yarra River, and Port Phillip Bay Lukas Byrns Marcus Neill 0423 791 126 0452 405 782 cushmanwakefield.com.au 28

*Approx

Property Listings

VIC

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Property Listings

VIC

Property Listings

VIC

The Property Development Review

Sale

Exceptional Opportunity Occupy or Develop!

79.60m*

1445-1453 Main Road, Eltham EOI: Closing Thursday 25th March at 2pm

5,138m2*

40.29m*

63.88m*

– Irreplaceable land holding of 5,138m2* with frontage of 97.88m* – Currently operating as a licenced 140 seat restaurant & function centre – Offered with vacant possession – Versatile site with significant re-development potential (stca) – Surrounded by all forms of amenity and close to Eltham’s retail precinct – Strategic gateway location to the popular Yarra Valley winery district

97.88m*

* Approx. Chris Kombi 0438 156 236 Shawn Luo 罗霄 0412 338 918

MAIN ROAD *Approx.

97.88 METRES* 360 Collins Street Melbourne

MAIN ROAD

Plan for your Future in this Dynamic Location 7, 9 & 13 Jackson Street, Northcote, VIC, 3070 Just Commercial Property are delighted to offer you the opportunity to build your dream home in this increasingly popular inner northern suburb of Melbourne, approximately 6km from the CBD.

Refurbish Renovate or Develop

• 3 residential blocks of land in this fast growing corridor • Each block of 590 sqm * or purchase as one parcel of 1,770 sqm* (*approx) • Residential Development Opportunity (STCA)

Auction: Saturday 1 May 11am onsite Terms 10% deposit. Balance 30-120 days Call us now to arrange an inspection! Steven Kalb 0408 499 909

Property Listings

VIC

FOR SALE

50-5

O N E O F T H E L A S T S I T E S C A PA B L E O F SIGNIFICANT DEVELOPMENT IN THE ST K I L DA R OA D P R E C I N C T • • • • • • •

Enormous 6,966sqm site over three allotments allowing for endless possibilities 91m frontage to both Queens Road and Queens Lane Currently improved with a 203-room hotel and multi-deck car park Potential short term holding income with ultimate flexibility Uninterrupted views across Albert Park Lake, Port Phillip Bay and the Melbourne CBD, only 3.5 kilometres south of the CBD Melbourne’s most sought-after and successful development precinct Surrounded by many of Australia’s pre-eminent residential apartment buildings, amenities, tourism infrastructure and in close proximity to the Alfred Hospital and medical health precinct All figures are approximate and subject to change

FOR SALE BY INTERNATIONAL EXPRESSIONS OF INTEREST CLOSING ON FRIDAY 16 APRIL 2021 AT 3PM (AEST) PIERS JALLAND PETER HARPER JOSH RUTMAN +61 400 012 891 +61 412 560 246 +61 411 27 37 46 Josh.Rutman@ap.jll.com Peter.Harper@ap.jll.com Piers.Jalland@ap.jll.com

NICK MACFIE +61 415 673 197 Nick.MacFie@ap.jll.com

Property Listings

VIC

The Property Development Review

Q U E E N S B O U L E VA R D

52 Queens Road, Melbourne, Australia

Queens Lane

91m 91 m

76m 76 m

6,966sqm

76m 76 m

91m 91 m Queens Road

Efficiency In Apartment Design Ensures Scalable Growth Author: Gaurav Rajadhyax A 2020 report by the Reserve Bank of Australia predicts an impending deficit of apartments in our major cities, as evidenced by the significant disconnect between build cost, and what a homebuyer will reasonably pay. On average, it estimates that Sydneysiders fork out 68% more to purchase their apartment as compared with the cost to supply it, with a gap of 20% for the same in Melbourne. The paper identifies building restrictions and planning regulations as being the key factor in this disparity; hindering progress in rapidly densifying communities, while preventing developers and builders from capitalising on prime opportunities for profit. The market for uncompromising, high quality apartments is further fuelled by a contemporary shift towards small footprint thinking, combined with steep housing prices in an economy reeling from pandemic fallout. What was once a low-budget option for investors or those first entering the property market, in 2021, well-designed apartments represent a complete solution for a mixed market of retired downsizers, families and young professionals. With increasingly diverse demographics now pursuing multi residential living, now more than ever, design efficiency is crucial to ensure long term sustainability of the model. At R Architecture, we believe that the predicted shortage can be addressed by optimising and streamlining each stage of the design process, as a way to ensure the ongoing viability of well designed apartment models. Two recent developments planned for Essendon demonstrate our streamlined approach to multi residential design: to deliver profitable, value-driven apartment buildings by reducing complexity, costs and time in build. Essendon 1 - Cooper Street Bringing quality high density living to a quiet suburban street, the Essendon 1 Apartments are situated just a short stroll from retailers and businesses on Keilor Road. The area serves as a residential bridging zone, where the local commercial and retail hub meets suburbia.

The building’s confident three-storey form is articulated through neutral render, clean lines and rhythmic screens made of fine timber fins. Drawing inspiration from the look and feel of surrounding homes, this curated palette embeds the architectural contribution within its suburban context. Beyond aesthetic value, we make a conscious effort to keep specified materials local throughout all our projects, to reduce embodied energy as well as the impact of longer lead times and costs in the construction phase. Softened by integrated street-facing landscaping, the low-rise building makes for a sensitive addition to the neighbourhood. An internal courtyard provides a green respite within the building, allowing natural light and air to penetrate the complex. While this sacrifices a portion of habitable floorspace to public use, we see that inner city properties particularly benefit from the inclusion of landscaped recreational space on site, increasing both liveability and market appeal. Inside, a limited range of 1, 2 and 3 bedroom apartments are designed to appeal to diverse needs, featuring ample inbuilt storage, sizeable living space and abundant access to natural light. Of the 40 homes on site, the 12 ground floor apartments offer spacious green yards, making use of peripheral space on site to provide outdoor amenity comparable to a standalone home. With only a select few apartment configurations available, every design decision at Essendon 1 is made with a view to efficient building. This allows us to deliver a considered solution for both stakeholders and occupants, which in turn maximises yield, fits budgetary constraints and capably serves the needs of a growing community.

perforated metal facades distinguish Essendon 2 from neighboring apartments, as a more architecturally considered address. Comprising 48 apartments in 1, 2 and 3 bedroom options, the building is designed to comfortably accommodate a broad cross section of homeowners and lifestyles, in a mix of simply built configurations. This approach achieves efficiency by developing a limited selection of intelligent, easily produced apartment typologies, with locally sourced material palettes to enable minimal construction costs and time on site. Once this streamlined build process is complete, the success of the project is measured by its ability to retain and attract buyers, with practical, easily marketable spaces. To this end, we sought every opportunity to maximise the function and amenity of each apartment. Our plans include cross-flow ventilation where the building allows for openings on opposing walls, generous trapezoidal balconies which far exceed required outdoor space, with wide frontages and windows to increase natural light. Central to the marketability of this project is its mixed use, communal purpose integrated alongside its residential offering. Its ground floor hosts two commercial tenancies at the front, with apartments to the rear. These activate the building at street level, creating a thriving and approachable public interface. A shared rooftop garden casual dining and lounge area invites interaction between occupants and reinforces the project’s civic character.

Essendon 2 - Mount Alexander Road

Though scale and rationale differs, both Essendon developments are indicative of our approach across all multi residential projects - to create affordably produced, appealing apartment models to support diverse demographic groups, as our population grows.

Situated alongside multi residential addresses on a busy inner city street, the Essendon 2 Apartments illustrate the potential for apartment buildings to become exemplary civic hubs, where a sense of community can be fostered through inclusive, efficient design.

By providing a concise selection of quality apartment typologies, and limited modulations for fit out and joinery options, we enable an easily replicable, swift design and build process. The resulting homes are liveable, practical spaces where a range of people can enjoy a full lifestyle.

Designed with its arterial streetscape in mind, its six-storey sculptural form creates a stepped, architecturally engaging built mass, with volumes set at strategic angles to capitalise on daylight exposure. Intricate

We believe ambitious ideas implemented in small projects like these can contribute to sustainable project viability and affordability, as well as outlining a more inclusive picture of apartment living going forward.

Gaurav Rajadhyax Bio Gaurav Rajadhyax is director and founder of architecture practice, R Architecture. During his 15 years as an architect, he has worked with some of Australia’s leading architecture practices on large, complex multi-residential, education, retail, and heritage projects. Gaurav specialises in working with developers as well as early learning centre operators and educators to undertake site selection, feasibility, design and delivery of contemporary early learning centre facilities. R Architecture is currently undertaking projects in Sydney and Melbourne. 34

The Property Development Review

Essendon 1 - Cooper Street

Essendon 2 - Mount Alexander Road

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The Interview: David Smorgon OAM

The Property Development Review

David Smorgon OAM CEO Pointmade

David has a renowned business history. His 25-year role with family operated Smorgon Consolidated Industries was the catalyst for the formation of Pointmade, the Nation's pre-eminent family advisory firm. In addition, he is also Chairman of Generation Investments - his family investment company. David started his working career as a lawyer which wasn’t his forte and he subsequently joined the family abattoir business. These days, David’s focus is to share his extensive life experiences and knowledge with assisting families navigate and excel the challenging multi-generational undercurrents of family, business and ownership. His adoration with AFL football club, the Western Bulldogs which commenced as at a young age evolved to a near 15-year term as its President. Watch this interview now.

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38' Click play to listen to The Interview with David Smorgon OAM in full. Interview: Rob Langton, Development Ready 37

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The Property Development Review

QLD

Lis tings

Property Listings

QLD

From the Fringe to the Mainstream – JLL’s New Team to service a Booming Investment Class

JLL Metropolitan Retail Investments Queensland is a new team within JLL Queensland with a specific focus on non-discretionary retail assets – a market that has had a bright spotlight cast over it since the global health crisis arrived in March last year. Andrew Havig and Campbell Bowers are spearheading the new team, both having a wealth of experience in the sector and both very pleased to see its transition from the alternative to the mainstream.

“The shift over the past 12 months has been dramatic,” Campbell mentioned to Development Ready’s Rob Langton during a recent interview. “Our market has always been considered a little bit ‘different’. It’s traditionally been a space that not a lot of institutional money looked at. What we’ve seen more recently however, is that new investors are entering the field and there’s a real swing from the traditional to what they might have previously considered ‘alternative’.” While the pair have been involved with this type of asset class for many years, the strength, growth and stability of the sector has given JLL cause to establish a dedicated team.

“We knew that moving forward we’re going to be able to better service the market if we inaugurate a new brand with a specific focus around this kind of specialty asset class; which of course we’re talking about convenience retail, service stations, childcare, fast food and more.” Andrew noted. The power that comes with a dedicated team ‘Essential service’ style assets have been enjoying a heightened level of appreciation over the past 12 months as investors watched tenants vacate office buildings and retailers shut up shops. With this, Andrew and Campbell have seen players in the marketplace begin to demand a higher level of specialisation and product knowledge.

“With our new team, we’re able to allocate better resources to further enhancing our understandings. We can invest in specific research and we can grow our buyer pool, which is comprised of buyers with remarkably similar profiles,” Andrew said. Adding further to that, Campbell commented, “We often find that if a buyer is looking at a service station, they are also going to be interested in looking at a childcare centre. The same could be said regarding a fast food building, or a strip retail centre. Having knowledge and access across all of the core asset classes that make up the class is something that we’ve found to be really powerful.”

The pair recognise that their existing experience in the market has prepared them precisely for this new chapter with JLL. Vendors are confident knowing that they gain access to a qualified buyer pool that is looking across the whole suite of assets. Similarly, buyers have a broad selection of properties that are all going to fit their mandate. The strength of the sector and the future stability When the effects of the health crisis first hit in March 2020, the Australian property market was dealt a huge blow. A promising year ahead was suddenly whipped right from underneath everyone; there was ultimately a pause, and everyone could feel it. It wasn’t long, however, before the market found its new direction. “There was a three-to-four-month period where the market didn’t really do a whole lot. There were opportunistic buyers, but realistically, not a lot was happening at the time. Then things started to change.” Campbell recalled. Both Campbell and Andrew began to see investors from more traditional sectors looking around in convenience retail. Afterall, while the country was effectively shut down, the general population were still buying fast food, they were still filling their cars up with petrol and they were still dropping their kids off at childcare. Office tenants however were starting to vacant buildings and retailers were leaving larger retail centres. 12 months on, office vacancies haven’t decreased at the rate people first estimated and a lot of people are still working from home.

“The private investor market that we sit within is really closely related to interest rates. All signs are pointing to them being supported for the next three to four years at least. So I think we’re in a position where Queensland especially is going to have its time in the sun. The big thing at the moment is a lack of stock; there’s a really constrained supply of stock.” Campbell has also seen a considerable amount of renewed interest from the bigger southern states.

“Queensland has always had a better value proposition to New South Wales and Victoria because the land values are lower, meaning that you can buy a like for like investment at a better price. But what we’re seeing now is that the existing value proposition is now underpinned by really strong economic indicators that suggest a strong growth period is coming- not unlike what we have historically seen in Sydney.” . “We have a very diverse economy centred not just around tourism, but also education and infrastructure. This has all been on display over the past 12 months; coupled with the rise in interstate migration and our home state is shaping up really well for the medium-term future.” Portfolio auction to become a quarterly affair As the sector grows, Andrew and Campbell are planning to host quarterly portfolio auctions to show case their latest QLD investment opportunities.

“At the moment the key thing that everyone is talking about is the potential for the next pandemic.” Campbell mentioned.

“We’re really excited about these events and the upcoming auction on March 31 is going to be a lot of fun.” Andrew said.

“People are trying to figure out what effect could that have and they’re now more wary of traditional asset classes than they have been previously. Office, industrial and retail have all taken a big hit, but what that’s done is evolve our sector into a mainstream market.”

“We’re going to have some outstanding properties to put forward to our engaged buyer pool and we’ve planned the event to be a little bit different to the standard, stale, daytime corporate event. It’ll be an opportunity for investors to potentially bid across multiple relevant assets and we’re going to follow it up with social drinks and business networking after it’s all done."

Queensland’s having its time in the sun Andrew noted that if there has been any winner from the past 12 months, it’s absolutely been the state of Queensland. “We’ve seen a lot of interest in Queensland in Australia, with very strong internal migration numbers. The past 12 months have really highlighted the state’s strengths.” Andrew said. The JLL pair do not see this as a flash-in-the-pan, short-term bubble of excitement. It’s their opinion, as of many others as well, that the strength of the

The first JLL Metropolitan Retail Investments Portfolio Auction is going to be held on

Wednesday, 31 March at 6pm AEST at the Calile Hotel - 48 James Street, Fortitude Valley QLD. Andrew and Campbell intend to make this a quarterly event.

market for the particular assets classes they are selling, is going to hold well for the short-tomedium term.

Property Listings

QLD

The Property Development Review

Metropolitan Retail Investments Queensland

the march portfolio auction PREMIUM TYRE & AUTO INVESTMENT

bridgestone, plainland qld Leased to Bridgestone Australia Ltd to Nov 2027 plus options to 2037

As new build with significant depreciation benefits

Wholly owned by Bridgestone Corporation - a $30 billion global company with over 300 stores in Australia

1,491sqm* site directly opposite brand new Bunnings in thriving growth corridor

Tenant pays all outgoings including land tax, capital works & management

Net income of $114,736* p.a. as at 31 March 2021

au c t i o n to b e h e l d at : the calile hotel 48 James Street, Fortitude Valley QLD 6pm, Wednesday 31 March 2021 Please contact us to register your interest: Andrew Havig a n d re w. h a v i g @ a p. j l l .co m 0478 010 990

Campbell Bowers campbell.bowers@ap. jll.com 0405 127 588

*Ap p rox i m ate ^Net income is after land tax & building insurance

Property Listings

QLD

Metropolitan Retail Investments Queensland

the march portfolio auction S E R V I C E S T AT I O N W I T H D E V E L O P M E N T U P S I D E

f r e e d o m f u e l s , f e r n va l e q l d Brand new 5 year lease to Freedom Fuels with 2 x 5 year options

High profile 8,093sqm* site with the potential for future development

Freedom Fuels - wholly owned by Fortune 500 company Indemitsu Kosan (mkt cap $822bn)

Substantially below market rent providing outstanding future upside through rental reversion

Tenant pays all outgoings excluding land tax & building insurance

Net rental of $168,390p.a.*^ as at 31 March 2021

Fixed 3.00% annual rental increases

Campbell Bowers campbell.bowers@ap. jll.com 0405 127 588

*A p p rox i m ate ^Net income is after land tax & building insurance

Property Listings

QLD

The Property Development Review

Metropolitan Retail Investments Queensland

the march portfolio auction PROMINENT INNER-CITY ASSET - GLOBAL COVENANT

4 3 4 s ta f f o r d r o a d , s ta f f o r d q l d Main road retail investment fully leased to MyCar, Doors Plus & GOA 2,007sqm corner site with major exposure to over 30,000 passing cars per day Ease of access provided by signalised intersection and left in access off Stafford Road, driving the strong trade of each tenant WALE of 5.06yrs (by income) with attractive net leases and up to 3.50% fixed annual rent increases

Situated only 6.5km* from the Brisbane CBD between Stafford City Shopping Centre and Bunnings Stafford within a high profile commercial precinct Upside potential through rental reversion with base rents of $199 and $161/sqm for MyCar and Doors Plus respectively - well below market Net income of $270,343 per annum as at 31 March 2021

Campbell Bowers campbell.bowers@ap. jll.com 0405 127 588

* Ap p roxi mate

Property Listings

QLD

Offer to Purchase

1-7 St George, Warwick

Vendor ready to meet the market

“It’s all happening in exciting Darling Downs” Childcare, Retail, Tavern & Fast Food site

o Large 13,770 m² corner commercial use site o Development Approval for 3224m² net lettable area o Childcare Centre for 75 placements with NLA of 650m² o Shopping Centre use including bottle shop with NLA of 1330m² o Tavern and Fast Food NLA 1244 m² o Car spaces for 153 vehicles o Surrounded by the new “Aleva Residential Estate”

Joseph Codianni Commercial Specialist Real Commercial Qld Ph: 0400 594 601 E: joseph@realcommercial.net.au

Disclaimer: This document has been prepared to assist solely in the marketing of this property. While all care has been taken to ensure the information provided herein is correct, we do not take responsibility for any inaccuracies. Accordingly all interested parties should make their own enquiries to verify the information.

Offer to Purchase

1 Goran Place, Warwicck

Good profit margins Will Sell Quick!!!! Warwick is experiencing unprecedented growth

Residential sub division • • • • • •

130 DA residential lots – Stage 2 & 3 Operational works is 50% progressed approx. Rental market in Warwick is in high demand Major wind powered farm planned, requiring up to 500 jobs $40M upgrade to new shopping centre. New Bunnings, medical and retirement village has been constructed

Offer to Purchase closes 31st March 2021

Joseph Codianni Commercial Specialist Real Commercial Qld Ph: 0400 594 601 E: joseph@realcommercial.net.au

Disclaimer: This document has been prepared to assist solely in the marketing of this property. While all care has been taken to ensure the information provided herein is correct, we do not take responsibility for any inaccuracies. H Accordingly all interested parties should make their own enquiries to verify the information.

Property Listings

QLD

The Property Development Review

Property Listings

QLD

A UNIQUE ABSOLUTE BEACHFRONT RESORT/RESIDENTIAL DEVELOPMENT SITE

Kollosche Commercial is proud to present this exciting opportunity to the market. The 'Beachfront Portion' of the Shoal Bay Masterplan Township. A rare 4.5HA Development site at the gateway of the spectacular Whitsunday Island / Great Barrier Reef region. The offering encompasses a private and peaceful peninsula position that is surrounded by unbridled natural beauty and untapped tourism potential. Looking onto Brampton Island, Green Island /Reef and the Coral Sea sitting to the north. Adjoining the subject site is the master-plan estate which comprises 299 residential lots delivered in 8 stages as well as parks with picnic areas, walking trails and recreational lakes.

1 Shoal Point MACKAY QLD 4740 FOR SALE Expressions of Interest Closing 22nd April 5pm

Nearby Mackay offers easy access to key infrastructure including Mackay Airport, Mackay Base Hospital and Mackay Harbour for those travelling by water while all the conveniences of Mackay City Centre are a 15-minute drive away. State Government infrastructure investment in this region is phenomenal. The Urannah Project is among state Infrastructure planning for Mackay and the Whitsundays. This beautiful region is famous for its tropical beaches and island destinations, scattered throughout the Great Barrier Reef, one of the seven natural wonders of the world. This is a unique opportunity that cannot be repeated in this sought after region with guidelines for a 300+ unit resort development being mooted for the Shoal Point Bay site. For more information, contact exclusive marketing agents Tony Grbcic and Adam Grbcic.

Tony Grbcic 0407 968 667

Disclaimer: Whilst every effort has been made to ensure the accuracy of these particulars, no warranty is given by the vendor or the agent as to their accuracy. Interested parties should not rely on these particulars as representations of fact but must instead satisfy themselves by inspection or otherwise.

Property Listings

QLD

The Property Development Review

Auction

D L SO

270 Rio Vista Boulevard Mermaid Waters DA-Approved Blue Chip Boutique Development Site - Will Be Sold! • Functional Corner site: 849m2 • Street frontage 56m* • Current Development and building approval for 5 x 2 Bedroom NDIS apartments designed to Platinum Level SDA • Suitable for freestanding villa development • Premium villa, townhouse, duplex & home sales results being achieved in local area

Auction Saturday 20th March On-site at 1.30pm

Scan Me For Dataroom Link

Lachlan Marshall 0426 259 799 l.marshall@coastal.com.au

Jared Johnson 0423 386 939 j.johnson@coastal.com.au

Property Listings

QLD

FOR SALE

Strategic Commercial & Logistics Site 299 SCOTTSDALE DRIVE, ROBINA (CENTRAL GOLD COAST) Ou tli n e i n di ca t i ve on l y

Surfers Paradise Robina Hospital

Robina Town Centre Bunnings

R OBI NA PAR KW AY

Robina Police Station OT M1 M ORW

Australian Industry Trade College

SCOT TS

RIVE DALE D

5KM* TO BURLEIGH HEADS COMMERCIAL/INDUSTRIAL PRECINCT 1KM* TO VARSITY LAKES TRAIN STATION

FLEXIBLE DEVELOPMENT OPTIONS APPROVED • 6,763sqm* of land area • 158m* frontage to Scottsdale Drive • Easy & direct access to M1 Motorway • Zoned Special Business • Approved for a range of commercial & other uses

Closing 4pm, Wednesday 21 April 2021

STEVEN KING 0417 789 599

DANIEL COBURN 0418 155 265

developmentready.com.au/properties/299-scottsdale-drive-robina-qld-4226-35632

* appro x

DAVID CORKE 0408 426 242 48

FOR SALE VIA OFFERS TO PURCHASE

MARK WITHERIFF 0439 038 100

Property Listings

QLD

The Property Development Review

DREAM HIGHRISE SITE - DA APPROVED 1 Park Lane, Southport

AUCTION

Thursday 8th April 11am at the Sheraton Grand Mirage • Located on the edge of the Southport CBD & opposite the iconic Broadwater, • Uninterrupted views over the Broadwater out to the Pacific Ocean, Main Beach & Surfers Paradise skylines • Site is DA approved for 66 apartments

• Walking distance to Parklands & Australia Fair Shopping Centre • Information Memorandum and DA are available upon request

Mitch Palmer 0402 467 899 mitch.palmer@raywhite.com Ryan Langham 0420 581 164 ryan.langham@raywhite.com

raywhitecommercialbroadbeach.com 49

Property Listings

QLD

Accelerating success Reach more people – better results faster.

SHOVEL READY’ WATERFRONT RESIDENTIAL DEVELOPMENT SITE FOR SALE - BY PUBLIC AUCTION ON-SITE TUESDAY 30 MARCH 2021 AT 11AM 918 Lake Kawana Boulevard, Birtinya, QLD, 4575 – 4570 m2 (*approx) – MCU & OPW approvals for 70 x 1, 2 & 3 bed units – 8 storey height limit – Waterfront location – Potential to increase yield to 86 units (STCA) – Fully serviced level site - Discounted Infrastructure Charges - 500metres* to Birtinya Shopping Centre with Coles, Aldi + specialty and dining

View Now Nick Dowling 0419 726 705

Baydn Dodds 0418 173 187

Exceptional Medium Density Waterfront Development Opportunity 10-12 Sickle Ave, Hope Island, Gold Coast, QLD, 4212 • Absolute limited opportunities of this nature

remain

• Potential for 180 Units or 46 Townhouses (STCA) • 80 metres of Direct Waterfrontage • Zoned Medium Density • Land Area 9279m2* • Surrounded by Golf Resorts, Marinas, Shopping and much more

Call Brad Merkur for further details on 0414 389 300 50

Property Listings

QLD

The Property Development Review

WHY SHOULDN’T YOU HAVE FLEXIBLE, 70% LVR, NO PRESALES CONSTRUCTION FINANCE? WITH SOLIDO, YOU CAN.

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The Interview: Maha Sinnathamby AM

Maha Sinnathamby AM

Chairman of Springfield City Group Maha is a true visionary. He is the mastermind creator and developer of Greater Springfield -Australia's first private City and one of the most aspiring projects ever undertaken anywhere in the developed World. Greater Springfield incorporates over six suburbs, 17,000 homes, 11 schools, a hospital, multiple childcare centres, health precincts, commercial precincts and a population of over 40,000 residents. The scale and significance of what Maha has achieved is extraordinary - Moelis Australia Managing Director Andrew Pridham described the development as 'the global benchmark for City creation'. Additionally, former Prime Minister Malcolm Turnbull described Greater Springfield as “a Nation-building project of National significance”.

Watch this interview now.

Scan to watch The Interview

32' Click play to listen to The Interview with Maha Sinnathamby AM in full. Interview: Rob Langton, Development Ready 52

Lis tings

Property Listings

Approved development on 2,111sqm* For Sale 108-112 Franklin Street, Adelaide SA – Site area of 2,111sqm* – Three street frontages – Approval for two towers – Liquor license – Capital City Zone

For Sale by Expression of Interest closing Friday 16 April 2021 at 4.30pm Roger Klem 0423 919 373

*(*Approx.)

Jed Harley 0418 807 920

property.jll.com.au/323685

Artists Impression

RLA1842

FOR SALE

High Demand Greenfield Development Corner Site 10 Maryvale Road, Athelstone, SA

•

High demand greenfield corner development site

•

Total site area of approximately 9,800sq m (excluding main residence)

•

High profile corner site with frontage to Gorge Road and Maryvale Road

•

Zoned Neighbourhood Centre by the Campbelltown Council

•

Located less than 150 metres* from the Athelstone Shopping Centre and other major shopping precincts

•

Less than 13 kilometres* from the Adelaide CBD

For Sale via International Expressions of Interest closing Thursday 22 April at 4pm ACDT. Savills Adelaide RLA 1786

* Approx Outline Indicative

Chet Al

Steve Bobridge

0413 104 002

0418 835 525

Property Listings

The Property Development Review

Fabulous Infill Site Ripe For Subdivision 97-107 Canterbury Road, Victor Harbor, SA, 5211 • 115,000sqm • Frontage To Three Streets • Prime Location • Southern Fleurieu Peninsula • Raw Development Opportunity (STCA) A prime location close to all the best of Victor Harbor One of the last parcels of this size 11.5* hectares (115,000*m2) Zoned, Residential, Policy 16 Frontage to three streets *Approx

EOI closing Friday 23 April at 4pm Contact Peter Gambranis

0411 691 169

Andrew Zammit

0417 814 398

Leedwell Property - Adelaide. 136 Greenhill Rd, Unley, SA, 5061 55

Advertorial

Why More Aussie Developers & Investors should be looking at the New Zealand Market “Investor appetite is incredibly strong for quality assets across the Auckland market in particular, and this is being fuelled by low interest rates and low perceived risk in bricks and mortar assets,” Mr Bhana commented. “We’re anticipating that New Zealand will likely continue to be an attractive destination for overseas investment, and that’s why we’ve decided to reach out to the Australian market.” Mr Bhana, along with colleagues Stephen Rendall and Mike Houlker, have recently launched a high profile campaign for 158-164 Central Park Drive, Henderson, Auckland. Australian developers can have a reputation

post-COVID environment given the

of being a little bit parochial. My country, my

Government’s strong response and the

state, my neighbourhood; we can all have a

relative freedoms we continue to enjoy.”

pretty limiting view at times. This narrow outlook can often be to our detriment, as the great successes we see across the industry come to those who see ‘the big picture’. So when successful property develop-

Statistics NZ have released recent data revealing that in the 12 months to January 2021, 39,881 new dwellings were consented. This number is just 144 off marking of an alltime high. The only 12-month period to beat

Designed for occupation by a furniture retailer, the 3.1-hectare property offers a unique opportunity to occupy, redevelop, or repurpose the existing near new improvements to suit. “We’ve opened the campaign up locally and internationally. Given the scale of this opportunity, and that we’re seeing more and more Aussies come across the Tasman, we

ers and investors start sniffing around in new

it being February 1974, with 40,025 dwellings.

regions, we should all start taking notice.

When compared to the same period last year

or investor could win this one out.”

(12 months to January 2020), the figures are

Mr Rendall added.

Favourable winds have been sweeping across New Zealand’s real estate market for some time, but the last 12 months have been

up 5.8%. The total value of is up by 6.4%, with the building work estimated at $14.714 billion.

think it’s highly likely an Australian developer

“The property is also extremely well located at the start of the well-established, popular

particularly note-worthy. Record prices have

The nation’s capital, Auckland, continues to

Lincoln Road retail precinct. The North West-

been recorded in the residential sector for

be the main driver of new residential building

ern Motorway provides ease of access to the

the second month in a row, brought on by

work as developers look to meet increasing

wider Auckland area and importantly,

record-low mortgage rates, strong

demand. CoreLogic's House Price Index has

significantly increases the catchment for the

consumer sentiment and supply unable to

revealed that the average value of all homes

retail offering. There aren’t many assets of

keep up with demand. The commercial market

across New Zealand increased by $21,275 in

this scale so close to Auckland’s motorway

is also proving itself, with demonstrated

February, while Auckland saw an average

network.”

stability and sustained confidence among

value uptick of $34,124 for the month.

international investors.

“Local and global demand for assets across New Zealand has continued to be strong over the past five years,” Bayleys Real Estate Sales Agent Sunil Bhana noted.

Commercial Appetite With the investor market stabilising after the initial 2020 scare, Asia-Pacific investors are

property mentioned above here, or chat directly with Bayleys Real Estate agents to find out other New Zealand opportunities.

demonstrating undeterred and strong interest in cross border investment.

“Investors recognise the stability of our

According to CBRE NZ’s latest Asia-Pacific

economy, which is well insulated from

Investor Intentions Survey, more than 70%

fluctuations in international markets.

per cent of respondents intend to purchase

We’ve also performed particularly well in the

assets overseas in 2021.

You can view the Henderson commercial

Bayleys Real Estate Sunil Bhana: +64 21 938 660 Stephen Rendall: +64 27 521 2599 Mike Houlker: +64 21 945 927

The Property Development Review

MORTGAGEE SALE

158-164 CENTRAL PARK DRIVE, HENDERSON, AUCKLAND, NEW ZEALAND

CONTACT THE SOLE AGENTS TODAY

HIGH PROFILE BUILDING ON A 3.1 HECTARE SITE

Sunil Bhana

•

Large rectangular, 3.1373 hectare freehold land holding

•

Significant high profile improvements of approximately 27,682sqm completed March 2020

•

Abundant car parking with consent to construct a second car park level

•

Multitude of potential uses including retail, commercial or industrial (Subject to Council Consent)

•

North West Auckland location only seconds to the SH16 Henderson interchange

•

Vacant possession – occupy, redevelop or repurpose to suit

+64 21 938 660 sunil@bayleys.co.nz BAYLEYS REAL ESTATE LTD, MANUKAU, LICENSED UNDER THE REA ACT 2008

Stephen Rendall +64 27 521 2599 stephen.rendall@bayleys.co.nz BAYLEYS REAL ESTATE LTD, AUCKLAND CENTRAL, LICENSED UNDER THE REA ACT 2008

Mike Houlker +64 21 945 927 mike.houlker@bayleys.co.nz BAYLEYS REAL ESTATE LTD, AUCKLAND CENTRAL, LICENSED UNDER THE REA ACT 2008

bayleys.co.nz/1903105

FOR SALE BY INTERNATIONAL MORTGAGEE TENDER Closing 4pm, Wednesday 14th April 2021, Bayleys House, 30 Gaunt Street, Auckland 1011, New Zealand

The Interview: David Kobritz

David Kobritz

Founder & Executive Chairman - DealCorp David’s 35-years of property development experience has spanned across a multi-facet collection of retail, commercial and residential projects. His company, DealCorp is behind the $500 million staged, Polaris 3083 development located on a 26 acre site adjoining La Trobe University in Bundoora, Melbourne. A pioneer of emerging locations and a market leader recognised for his foresight and astute industry knowledge, the remarkable outcomes David delivers are driven by his unwavering commitment to investors, clients, stakeholders and his team. A keen thoroughbred racing enthusiast with Group 1 victories to his credit (including the 1992 Melbourne Cup - Subzero), David is a dedicated breeder and owner of Musk Creek Farm in Flinders Victoria.

Watch this interview now.

Scan to watch The Interview

31' Click play to listen to The Interview with David Kobritz in full. Interview: Rob Langton, Development Ready 58

Lis tings

Property Listings

Riverfront aspect. 1 Brighton Road, Rivervale WA. For Sale by Offers to Purchase closing Wednesday, 31 March at 3pm (AWST).

Zoned R100 with expired DA

Fantastic transport links

Frontage to Swan River

Located in "The Springs" precinct

Primed to build quickly

*Approx.

Land area 1,459 sqm*

Tony Delich 0418 926 410 James Baker 0418 912 007 View Listing

Rare opportunity. 320 Rokeby Road, Subiaco WA.

Land area 321 sqm*

Vacant possession

Zoned 'Mixed Use'

Building area 120 sqm*

Suit owner occupier

Paris end of Rokeby Road

Tony Delich 0418 926 410 James Baker 0418 912 007 View Listing

*Approx.

For Sale by Offers to Purchase closing Wednesday, 31 March at 3pm (AWST).

Property Listings

The Property Development Review

FOR SALE

SUBDIVIDE/OCCUPY 17.77HA*

INDUSTRIAL ENGLOBO LAND WA, Forrestdale: Lot 1 Keane Road VIEW LISTING

+ Significant englobo site of 177,685sqm* within the Forrestdale Business Park West redevelopment area. + Excellent access to road infrastructure. Benefits from high exposure to Tonkin Highway and Armadale Road.

+ Under the Forrestdale Business Park West Structure Plan the site has a mixed zoning of “General Industry” and “Light Industry”. + The site provides for a wide range of medium to long term value add options which include land subdivision, site redevelopment and owner occupation in part or whole. + Immediately surrounding infrastructure upgrades underway.

REQUEST FOR OFFERS CAMPAIGN CLOSING WEDNESDAY 31ST MARCH 2020 AT 4PM (AWST) JARRAD GRIERSON 0413 242 240

TOM IREDELL 0438 311 200

Outline Indicative Only

*approx

FOR SALE

SHOPPING CENTRE REDEVELOPMENT OPPORTUNITY

MADDINGTON VILLAGE SHOPPING CENTRE WA, Maddington: 134 Westfield Street VIEW LISTING

+ Tremendous opportunity to renovate, redevelop (stca), reposition & value-add to maximise value + 4,401sqm* shopping centre + 16,757sqm* land parcel with 3 street frontages + Car parking for 260* vehicles + Zoned ‘Local Centre’ + Located within densely populated suburb of Maddington; 19km* south-east of Perth CBD

FOR SALE VIA OFFERS TO PURCHASE CLOSING WEDNESDAY 31ST MARCH 2021 AT 2PM AWST BEN YOUNGER +61 410 533 679 RICHARD CASH +61 412 006 949 Outline Indicative Only

*approx

Property Listings

FOR SALE

INVEST/OCCUPY/DEVELOP

HIGH PROFILE CORNER SITE WA, Welshpool: 26 Dowd Street VIEW LISTING

+ High profile corner of 1.1194ha* in the highly regarded Welshpool industrial precinct. + Functional on-site building totaling approximately 4,099sqm* providing the potential to generate rental income or owner occupation. + Leased to Dutt Transport Pty Ltd until 30 September 2022 providing a net income of $302,356* pa. + Located in the heart of Welshpool, 3 kilometres* from Perth Airport, 900 metres* from Kewdale Inter-modal Freight Terminal and 4 kilometres* from access to Perth Arterial Road network.

+ Zoned “General Industry” providing for a wide range of potential uses.

FOR SALE VIA A REQUEST FOR OFFERS CAMPAIGN CLOSING WEDNESDAY 31ST MARCH 2020 AT 4PM (AWST) TOM IREDELL 0438 311 200

JARRAD GRIERSON 0413 242 240

Outline Indicative Only

*approx

WHY SHOULDN’T YOUR SITE ACQUISITION FINANCE BE PRE-APPROVED WITHIN 48 HOURS? WITH SOLIDO, IT CAN.

borrow.solidocapital.com

SCAN TO DISCOVER

Allan Fife OAM Property Listings

The Property Development Review

R e a d y M e d i a Pre s e nt s

THE INTERVIEW E X C L U S I V E I N S I G H T S B Y I N D U S T R Y L E A D E R S . WAT C H N O W

Mark Leibler AC

David Smorgon OAM

Harry Triguboff AO

Maha Sinnathamby AM

More Than a Listing Portal Targeted Buyer Leads Lifetime Campaign Support Transparent Pricing

info@commercialready.com.au 03 9631 5476