#21
April/May 2021
The Interview: Greg Paramor AO Jerry Schwartz Danny Avidan Peter Fahey Simon McGrath AM Terry Agnew Simon Mordant AO Around The Country: Market Moves National Site Listings
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Inside Issue #20
From the CEO
08
The Interview: Greg Paramor AO Chairman Leftfield Investments
09 17
The Interview: Danny Avidan Dare Property Group
The Interview: Jerry Schwartz Schwartz Family Company
18
The Interview: Peter Fahey Clarence Property Corporation
26
The Interview: Simon McGrath AM Accor Pacific
43
The Interview: Terry Agnew Tower Holdings
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The Interview: Simon Mordant AO Luminis Partners
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NSW: Property Listings
19
VIC: Property Listings
28 44 49
QLD: Property Listings
SA: Property Listings
WA: Property Listings
Welcome To The May Issue of The Property Development Review A large number of our Clients are currently espousing that positive market trends are prevailing - I’II leave the forecasting to the industry experts! Overall from our perspective, the Ready Media Group experienced strong listing and campaign activity across both the DevelopmentReady and CommercialReady portals for the March quarter. We know that the way our target audience consumes communications is constantly changing – it’s no longer one size fits all! A number of our Agency clients have recognised this evolving marketing landscape and have consequently modified their sales campaign strategies. Notably, strong campaign results have recently been achieved by clients who have applied our tailored campaign strategies – these include integrating online activity with our inclusive InstaDocs product, video content, market focussed property literature and social media support. We know that this methodology realises a more robust enquiries outcome. If you’re interested to learn more on how our integrated sales campaigns work, please contact one of our team members for specifics and recent case studies. This issue’s line-up of featured interviews with Rob Langton is once again a prodigious collection of Australian business leaders. Greg Paramor AO, Property Council of Australia, Hall of Fame inductee and an absolute doyen of the Australian property industry. Danny Avidan an astute property developer who has developed a number of landmark Sydney projects. Dr Jerry Schwartz, property developer, investor and practising medical surgeon with a vast property and business portfolio. Peter Fahey, property funds manager and business leader with approximately $500m of property assets under management. Simon McGrath AM, CEO of Accor Pacific – one of the world’s largest hotel groups. Terry Agnew a “property trader” with substantial property deals under his belt including Sydney CBD, Byron Bay and Great Kepple Island. Simon Mordant AO – a remarkable individual whose resume includes investment banker, philanthropist, businessman, art collector and multiple board member. 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.
Nick Materia, CEO, Ready Media Group On The Cover Greg Paramor AO Chairman Leftfield Investments 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
a 350sqm parcel of land and includes 4 offstreet parking spaces. The deal was negotiated by Savills Australia’s Nick Lower, Ollie Ridley and Selin Ince.
Market Moves: Around the Country NSW
KENSINGTON - $80.15 million A higher education investment in Kensington has been picked up by Charter Hall for $80.15 million. The seven-storey building is situated opposite the main entrance of the University of New South Wales, at 221-227 Anzac Parade and presents a total floor area of 10,685sqm. JLL’s Luke Billiau managed the deal. NEWCASTLE - $52.5 million A specialist business park at Newcastle Airport has been scooped up by Australian Unity for a speculated $52.5 million. Located at 1 and 2 Technology Place, the site entails 1.78-hectares of land with more than 7,500sqm of campus-style office and light industrial accommodation.Colliers’ Peter Macadam and Chris Chapman are managing the deal. POINT FREDERICK - $4.1 million DA Approved residential site.The sale price for this 1,878sqm site at 3-5 Lynn Avenue, reflected a $205,000 per unit rate.The deal was negotiated by Savills Australia’s Nick Lower, Selin Ince and Oliver Ridley. MACQUARIE PARK - $71 million A 1.5-hectare business park site located at 44-50 Waterloo Road has traded hands from AMP Capital to logistics platform ESR. Currently partially leased to Macquarie University. CI Australia’s Bevan Kenny and Chris Veitch managed the deal. CHILDCARE CENTRE PORTFOLIO -$42.95 million Six childcare centres in Sydney’s north-west have been picked up by Assembly Funds Management and Harrington Property Funds Management. The Young Academics centres, cater for 452 children - located in Box Hill, Marsden Park, Riverstone, Schofields and two in Woodcroft. Peritus Childcare Sales’ Peter Fanous managed the deals. NORTH SYDNEY - $20 million The Union Hotel in North Sydney has traded hands from the Gallagher family to The Good Beer Company. The pub comprises 1,200sqm of NLA on a 784sqm land area. JLL’s John Musca and Ben McDonald managed the transaction off-market. 02
EVANS HEAD - $15 million The Illawong Hotel has been scooped up by Arthur Laundy and publican Fraser Short. The sale marks the second pub acquisition for ‘Laundy Hotels’, after securing the Lennox Hotel for more than $40 million in February. Pub Brokers & Advisory’s Nick Butler and Steve Pursell managed the sale. HAYMARKET - $7.5 million The Mountbatten Hotel in Haymarket’s Chinatown has traded to JDA Hotels in an off-market transaction. HTL Property’s Dan Dragicevich and Sam Handy managed the deal. CHATSWOOD - $3.6 million A 421sqm freestanding industrial facility at 55 Alleyne Street has sold $600,000 above reserve price. The sale set the record for highest rate per square metre ever achieved for an Industrial zoned property in Chatswood at $8,551 per square metre on building area. CBRE’s Ben Byford, Peter Mangraviti and Geoff Hunt negotiated the sale. NORTH RYDE - $115 million The Binary Centre at 3 Richardson Place has traded hands from Goodman to Melbourne’s Quintessential Equity. Comprising of two six-level buildings and presents a total 17,178sqm of A-Grade office space. Colliers’ Jon Chomley and Sophie Tieman managed the deal. BONDI BEACH - $17 million Investor Vaughan Blank has purchased this trophy site at 26 Hall Street - the former Westpac Bank on Hall Street, which last traded in 2013 for $6.42 million.Total land area is 513sqm with B Mixed-Use Zoning. Collier’s Miron Solomons and Matt Pontey made the sale at auction. NEWCASTLE - $4.45 million A local investor has snapped up 49 Hunter Street, fully leased to Westpac Banking on a 5.6% yield. The 375sqm site is a corner site mixed-use investment.Sale handled by Savills Jordan Lee and Michael and Adam Leacy of Commercial Collective. WOOLLAHRA - $4.1 million Trinity Global has purchased a 260sqm freehold medical clinic at 31 Grosvenor Street. Comprising of a single-level building on
Image: SOLD: 56-60 Rutland Road, Box Hill, VIC Knight Frank - Glen Waverley
DOUBLE BAY - $21 million An four-storey office building known as Piccadilly Court has been picked up by John Symond for $5 million above the stated reserve. Located at 356-366 New South Head Road the building sits on a 462sqm land area. Colliers’ Miron Solomons, Guillaume Volz and Matt Pontey managed the campaign in conjunction with Ray White Commercial’s Grant Whiteman. MINCHINBURY - ~$20 million Leda Holdings has kicked off 2021 with five land transactions in Western Sydney, amassing to more than $20 million. The five individual sales formed part of a seven-lot englobo block of land at 1079 Great Western Highway. CBRE’s Elijah Shakir, John Micallef negotiated the sales with Savills Australia’s Mick Ferreri. PENRITH - $4.42 million Located at 29 Cassola Place, a freestanding office/warehouse building on a 7,224sqm site has been sold off market. CBRE’s John Micallef, Matthew Alessi and Brendan Wein negotiated the sale. MOUNT DRUITT - $3.707 million A lot of eight industrial units has changed hands for more than $700,000 past the reserve price. The 4,084sqm site located at 87 Kurrajong Avenue is fully-tenanted complex generates a net passing income of $122,709+GST. CBRE’s Matthew Alessi, Brendan Wein and John Micallef managed the sales. FIVE DOCK - UNDISCLOSED A consortium of investors have purchased the freehold for the Parkview Nursing Home Aged Care facility for an undisclosed price. Located at 29 Park Road, the facility held 59 bed licenses and sits on a parcel of land totalling 1,550sqm.The deal was negotiated by Savills Australia’s Nick Lower, Ollie Ridley and Selin Ince.
VIC
TARNEIT - UNDISCLOSED A three-hectare tract earmarked to be the Town Centre of Frasers Property’s The Grove housing estate, in Tarneit has been sold to Empire Properties. The site includes 5,200sqm of NLA and is set to feature a supermarket, retail and café/restaurant precinct. Completion is expected by the end of 2024.
CAROLINE SPRINGS - $136.5 million The CS Square shopping centre has traded hands from Lendlease’s Australian Prime Property Fund Retail to privately owned DeGroup. The 25,308sqm shopping centre is anchored by three supermarkets and a discount department store. Colliers’ Lachlan MacGillivray and Stonebridge Property’s Carl Molony managed the sale. TAYLORS LAKES - $97 million Harvey Norman has purchased the Watergardens Homeplace.The large format mall is located on a seven-hectare site at 430 Melton Highway. Expanding over 25,931sqm, the centre
The Property Development Review is anchored by Harvey Norman and Bunnings. Colliers’ Lachlan MacGillivray managed the deal.
and east facing Yarra River views. JLL’s Josh Rutman managed the deal.
Colliers’ Shalain Singh and Chris O’Driscoll managed the deal.
CAR DEALERSHIP SALES - $20.388 million
PRESTON - $7 million A 6,500sqm vacant industrial landholding located at 44 Albert Street has sold. CBRE’s Bryce Pane and Daniel Eramo managed the deal.
BRISBANE - $210 million Commercial property fund manager AsheMorgan has acquired Brisbane’s landmark 310 Ann Street tower in the city’s largest office deal since early 2020. The 20-level tower was completely re-built in 2017. It provides a net lettable area of 18,362 sqm and has a 5.5-star NABERS Energy rating. CBRE’s Bruce Baker, Flint Davidson and Peter Chapple together with JLL’s Seb Turnbull and Paul Noonan negotiated the sale.
Three car dealerships in Melbourne’s east have recently sold $10.9 million was paid for the Burwood Nissan showroom at 101-109 Burwood Highway. 3,928sqm of land and is leased to Autopact Group until 2040. CVA’s Ian Angelico and Jarrod Moran managed the deal. The second sale for $2.888 million entails a vacant car yard with 3,930sqm across two sites in Ferntree Gulley. Colliers’ Peter Bremner and Ben Baines handled this sale. Lastly, a 2,616sqm block located at 85 Maroondah Hwy in Ringwood, has reportedly fetched near $6.6 million. The property was offered with vacant possession and was sold by the same Colliers agents. SEAFORD - $19 million This industrial property has traded hands from Point Property Group to Brix Property Group and Costa Asset Management. Located at 300 Frankston-Dandenong Road, the 6.550-hectare property is earmarked for a mixed-use project. Cushman & Wakefield’s Andrew O’Connell managed the sale. OFFICER - $11.26 million Long-term owners of a 9-acre landholding in the south-eastern growth corridor of Melbourne have struck gold, selling this 36,000sqm property, originally purchased for $885,000 in 2005. 65 Mary Street was picked up by Perth-based Satterley. Sale negotiated by Savills Clinton Baxter, Mark Stafford and Julian Heatherich. POINT COOK & ASCOT VALE - $53 million Two Melbourne housing sites have been scooped up by Metro Property Developments. The Point Cook site encompasses a 15.12 Ha farm at Lot B, 315 Boardwalk Avenue, and sold for $48 million. Over in Ascot Vale, Metro paid Leisure Management Group $11 million for 9 Newsom Street, a 5,712sqm plot which was offered with an approved permit for 38 townhouses. IVANHOE - $8.63 million A substantial former Aged Care facility located at 405-413 Upper Heidelberg Road has transacted. Featuring a combined land area of 5,345sqm and an existing building area of 1,924sqm. CBRE’s Marcello Caspani-Muto, Jimmy Tat, David Minty, Nathan Mufale and Sandro Peluso marketed the property. CRANBOURNE WEST - $6.18 million A service station located at 1050 Thompsons Road and leased to United Petroleum has sold. The 2,973sqm complex was developed on part of a 1.3-hectare site, which also contains offices and shops. Jones Real Estate’s Tim Spargo and Paul Jones managed the deal. DANDENONG SOUTH - $17.86 million A 13,000sqm modern industrial investment at 6-24 Monash Drive has changed hands. The modern facility comprises a single level corporate office, main warehouse and a standalone clearspan warehouse. The deal was negotiated by Savills Brad Esler. ABBOTSFORD - $7 million A riverside property with development approval for a five-storey office has traded hands. Located at 42-50 Flockhart Street, the 4,047sqm property offers unobstructed north
NEWCOMB - $38 million The Bellarine Village Shopping Centre anchored by Woolworths, Dan Murphys, 15 specialty stores, a petrol station and a Hungry Jacks has sold. JLL’s Stuart Taylor handled the transaction. MORNINGTON - $12.8 million Mornington’s Barkly Square sitting on 2,029 sqm of land and comprising of 9 separate shops plus restuarants and cafes has sold. The sale was managed by Nichols Crowder’s Jamie Stewart and Tom Crowder in conjunction with Stonebridge’s Rorey James, Nic Hage and Kevin Tong. BOX HILL - $13 million An office building located at 56-60 Rutland Road has traded from Christian Blind Mission to a local owner. The three level office of presents 2,394sqm of floor space on a land holding of 2,231sqm, with 66 car spaces and three street frontages. Knight Frank’s Ed Wright and Matthew Romanin managed the sales campaign.
QLD BRISBANE - $285 million The 10 Eagle Street office tower has been sold trading from Dexus and Canada’s CPP Investment Board to Brisbane-based investment manager Marquette Properties. The A-grade office tower offers 27,800sqm of GFA and was 92% occupied. QLD PORTFOLIO - $30.6 million Brisbane developer Garda Capital has recently sold three Queensland properties. These included Aspect, a modern office in Varsity Lakes which sold for $12.6 million, two warehouses; 142-150 Benjamin Place Lytton – sold for $11 million and 839 Beaudesert Road Archerfield securing $7 million. MURRARIE - $830,000 A development site with DA approval for six townhouses on 670sqm has sold. Ray White Commercial’s Jackson Rameau and Michael Willems managed the deal. PUB PORTFOLIO - $25.86 million ALE Property Group divested from four pubs (three in Queensland and one in Victoria). Two are located in Brisbane’s Kedron - the Edinburgh Castle sold for $7.5 million and The Kedron Park Hotel sold for $4.5 million. On the Sunshine Coast, the Pelican Waters Tavern in Caloundra traded for $10.8 million and in Victoria, the Top Pub in Morwell traded for $3.06 million. Burgess Rawson’s Billy Holderhead, Pat Kelly, Michael Gilbert and Glen Conridge managed the deals. MEDICAL PORTFOLIO - $22.63 million Three leased medical centres in the Mackay region have changed hands. These include 13/17 Dutton Street, Walkerston, 160 Boundary Road, Ooralea and a GP Super Clinic at 1/3 Old Eimeo Road, Rural View.
ROBINA - $66 million The large format retail asset Home+Life has traded hands from QIC to Primewest for $66 million. The centre offers a total floor area of 14,782sqm catering to 13 showrooms and a café, on a 3.62-hectare site. Savills Australia’s Jon Tyson and Peter Tyson managed the campaign with JLL’s Sam Hatcher and Jacob Swan. NEWSTEAD - $20.5 million An office property located at 33 Longland Street has traded to RV Corval. The three-storey warehouse conversion is known as The Limestore and offers a total of 3,000sqm floor space. CBRE’s Jack Morrison and Peter Chapple brokered the deal with Yourcommercial’s Chris McLeod. NORTH LAKES - $2.65 million Sold - this 1,282sqm freestanding industrial building located at 15 Torres Crescent sits on a 2,590sqm allotment. JLL’s Fraser Power and Nick Bandiera managed the deal. MERMAID WATERS - $1.3 million Sold - 847sqm corner property with a DA for 5 x 2-Bedroom NDIS Platinum Level apartments. Harcourts Coastal Commercial’s Jared Johnson & Lachlan Marshall managed the sale. COOLOOLA COVE - $18.66 million Cooloola Cove Shopping Centre has been purchased by SCA Property Group. Anchored by Woolworths it also features 10 specialty shops. The off-market transaction was negotiated by Savills Australia’s Peter Tyson. LABRADOR - $3.6 million 54-60 Government Road & 77-79 Broad Street has been purchased by Metricon Homes. This corner block presents a 3,298sqm landholding comprised of six blocks with potential for 51 apartments or 19 Townhouses. Ray White Commercial’s Jackson Rameau and Victor Tauch managed the campaign. NAMBOUR - $2.95 million Sold - fully leased standalone medical investment at 42-44 Howard Street is on 1,429sqm site with a net lettable area of 621sqm plus 31 on-site car parks. Savills Scott Gardiner negotiated the deal.
TAS
RESORT PORTFOLIO - $130 million The NRMA has picked up three Tasmanian resorts, along with Strahan’s ‘Gordon River Cruises’ business. Resorts include, Freycinet Lodge, Cradle Mountain Hotel and Strahan Village. 03
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Part of Ready Media Group
The Property Development Review
Australia’s Property People
50% Stamp Duty Savings
50% Stamp Duty Savings
Essential Service Investment Securely Leased to the State Government
8 Year Lease to International Powerhouse $4m National HQ Constructed 2018
Shepparton VIC 320-322 Wyndham Street
Shepparton VIC 13 Future Court
+ Long 10 year lease to 2026 plus options to 2036
+ Long 8 year lease to 2026 plus options to 2046
+ Tenant pays all usual outgoings
+ Fixed 2.5% rent increases/Tenant pays usual outgoings
+ Victoria Legal Aid: Government funded agency providing free legal advice
+ Seedforce: Wholly-owned subsidiary of European seed giant RAGT
+ Fixed 3% annual rent increases
+ Newly constructed 3,715sqm* facility on 6,753sqm* site incorporating office, warehouse, manufacturing and extensive hardstand
+ Immaculate 480sqm* double fronted premises with 10 car parks on-title + Net Income: $126,725 pa* + GST (July 2021) Portfolio Auction 10:30am Wednesday 12 May, Crown, Melbourne Beau Coulter 0413 839 898
Rocky Gagliardi 0407 826 542
Zomart He 何梓轩 0488 220 830
+ Net Income: $260,378 pa* + GST Portfolio Auction 10:30am Wednesday 12 May, Crown, Melbourne Beau Coulter 0413 839 898
Rocky Gagliardi 0407 826 542
Shaun Venables 0411 860 865
ALBURY CBD 1KM ALBURY HIGH SCHOOL
DEAN ST
HUME HWY
M E R C Y H O S P I TA L
A L B U R Y TA F E 250M
K I E WA S T
*Boundaries Indicative
16 Residential Apartments on One Title Immaculate Presentation and 100% Occupancy
Long 10 Year Lease + Option to 2033 Established Malaysian Café Restaurant
Albury NSW 521-527 Cowper Street
Truganina VIC Shop 3/451 Leakes Road
+ Strong occupancy history, leases as long as 10 years
+ Long 10 year lease to 2028 plus option to 2033
+ Potential for future subdivision, on-sale (STCA)
+ Fixed 3% pa rent increases assuring growth
+ Large 1,185sqm* R1 (General Residential) zoned site with 36m* frontage
+ Tenant pays all usual outgoings
+ Situated in an established residential area, Mercy Hospital, golf course within 350m* plus easy access to Dean Street and CBD
+ 128sqm* premises plus 34sqm* alfresco area
+ Net Income: $125,900 pa*
+ Net Income: $57,712 pa* + GST
+ Capital intensive tenant fit-out with full commercial kitchen
Portfolio Auction 10:30am Wednesday 12 May, Crown, Melbourne
Portfolio Auction 10:30am Wednesday 12 May, Crown, Melbourne
Billy Holderhead 0422 817 696
Shaun Venables 0411 860 865
Beau Coulter 0413 839 898
Andrew Dixon 0417 516 531
Zomart He 何梓轩 0488 220 830
Beau Coulter 0413 839 898
*Approx
05
1
Wesfarmers
Freestanding Officeworks Investment New Lease to Wesfarmers Subsidiary
Booming ASX-Listed Tenant with Guaranteed Rental Growth
Albury NSW 423 Smollett Street (corner Riverina Highway)
Invermay (Launceston) TAS 93 Forster Street
+ Renewed lease to 2027 plus options
+ Securely leased to 2026 plus options to 2036
+ Blue-chip tenant, wholly owned subsidiary of $63bn Wesfarmers Ltd
+ Annual, fixed compounding 3% rent increases
+ Officeworks: established on site in 1999, half year sales up 23.6%1
+ Nubco: subsidiary of the Coventry Group Ltd (ASX: CYG), a market leading hardware suppler, market cap of $117.4m and 2021 sales up 18.2%
+ Net lease, tenant pays rates, insurance and land tax + Strategic location, Good Guys, Dan Murphy’s and KFC within 300m* + Estimated Net Rent: $525,000 pa*
+ Outstanding 4,131sqm* site with 2,490sqm* building area + Estimated Net Rent: $203,454 pa*
Portfolio Auction 10:30am Wednesday 12 May, Crown, Melbourne
Portfolio Auction 10:30am Wednesday 12 May, Crown, Melbourne
Billy Holderhead 0422 817 696
Beau Coulter 0413 839 898
Beau Coulter 0413 839 898
WILLIAMS LANDING T R A I N S TAT I O N
PRINCES FWY
Andrew Dixon 0417 516 531
Nick Bond 0414 395 007
Billy Holderhead 0422 817 696
TA R G E T H Q
APPR OVE D $303 MILLION MIXED USE DEVELOPMENT
PA L M E R S R D
FOGARTY ST
High Occupancy Childcare Investment 15 Year Lease to 2034 + Options to 2064
Impressive Childcare Investment 20 Year Net Lease to National Tenant
Williams Landing (Melbourne) VIC 2 Fogarty Street
Noble Park (Melbourne) VIC 61-63 Chandler Road
+ Fixed 3% annual rent increases/Tenant pays all usual outgoings
+ Fixed 3% annual rent increases/Tenant pays all outgoings
+ Explorers Early Learning: high-end provider with 15 Melbourne centres
+ Impressive double storey facility, licensed for 92 LDC places
+ + + +
+ Strategic main road position, 600m* from the Princes Highway/ Eastlink junction, and only 25km* from the Melbourne CBD
Consistent occupancy of over 95% As new facility, licensed for 168 LDC places Strategic 2,900sqm* corner site only 20km* from the Melbourne CBD Net Income: $521,683 pa* + GST
Portfolio Auction 10:30am Wednesday 12 May, Crown, Melbourne Adam Thomas 0418 998 971
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Natalie Couper 0413 856 983
Zomart He 何梓轩 0488 220 830
+ Significant depreciation benefits + Net Income: $322,089 pa* + GST Portfolio Auction 10:30am Wednesday 12 May, Crown, Melbourne Adam Thomas 0418 998 971
Natalie Couper 0413 856 983
Zomart He 何梓轩 0488 220 830
The Property Development Review
The Ultimate Investment Property Arena Melbourne Auction: 10:30am AEST Wednesday 12 May 2021
50% Stamp Duty Savings
Long Proven Tenants - High Yield Anticipated New 5 Year lease to Bendigo Bank
Victorian State Government Lease New 5 Year Lease, Fixed 3.5% Increases
Kyabram VIC Lots 4 & 12-14, 175-177 Allan Street
South Morang VIC Lots 5b, 9-11 545 McDonalds Road
+ Long proven occupants with diverse mix
+ Renewed 5 year net lease plus option to 2031
+ Landlord friendly net leases, annual reviews
+ Tenant pays all usual outgoings
+ Combined 767sqm* NLA with 50 metres* retail frontage
+ Quality 863sqm* premises with lift access and 28 metre* frontage
+ Central between Woolworths and Kmart
+ 15,000 vehicles daily connecting Plenty Road to Westfield Plenty Valley SC
+ Net Income: $108,310 pa* + GST
+ Important 16 on-site car spaces + Net Income: $185,615 pa* + GST
Portfolio Auction 10:30am Wednesday 12 May, Crown, Melbourne
Portfolio Auction 10:30am Wednesday 12 May, Crown, Melbourne
Matthew Wright 0458 290 588
Matthew Wright 0458 290 588
Raoul Holderhead 0413 860 304
Raoul Holderhead 0413 860 304
Alex Pannunzio 0418 341 010
Cellarbrations Liquor Investment Historically Popular Asset Class
Entry Level Fast Food Investment Northern Melbourne Growth Hot Spot
Epping North (Wollert) VIC Shop 4/ 1A Lucinda Road
Epping North (Wollert) VIC Shop 2/ 1A Lucinda Road
+ Long 7 year lease to 2023 plus options to 2033
+ Long 7 year lease to 2024 plus options to 2034
+ Fixed 4% annual rent increases
+ Fixed 4% annual rent increases
+ Tenant pays all usual outgoings
+ Tenant pays all usual outgoings
+ 111sqm* premises, high quality tenant fit-out
+ 111sqm premises with new high quality tenant fit-out
+ Established and successful operator
+ Strong trader amongst supporting retailers
+ Net Income: $49,494 pa* + GST
+ Net Income: $49,944 pa* + GST
Portfolio Auction 10:30am Wednesday 12 May, Crown, Melbourne
Portfolio Auction 10:30am Wednesday 12 May, Crown, Melbourne
Shaun Venables 0411 860 865
Zomart He 何梓轩 0488 220 830
Beau Coulter 0413 839 898
Shaun Venables 0411 860 865
Zomart He 何梓轩 0488 220 830
Beau Coulter 0413 839 898
*Approx
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The Interview: Greg Paramor AO
Greg Paramor AO Chairman of Leftfield Investments & Non-Executive Director of Charter Hall With more than 45 years of experience across a roll call of the nation's largest real estate institutions, Greg is one of the few industry figures to be inducted into the Property Council of Australia, Hall of Fame. Greg’s resume speaks for itself - currently Chairman of Leftfield Investments and non-executive director with Charter Hall. Former roles include, CEO of Mirvac, former Chairman of LJ Hooker, former director of Leighton and former Managing Director of Folkestone Limited. Watch this interview now.
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50' Click play to listen to The Interview with Greg Paramor AO in full. Interview: Rob Langton, Ready Media Group 08
The Interview: Danny Avidan
The Property Development Review
Danny Avidan
Founder & Director of DARE Property Group Danny has a reputation as one of the most creative and intuitive property development thinkers on the market. From founder of a number of Australia’s most successful fashion brands, his transition as a property developer have transpired into some of Sydney’s pre-eminent landmark projects. Watch this interview now.
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26' Click play to listen to The Interview with Danny Avidan in full. Interview: Rob Langton, Ready Media Group 09
NSW Lis tings
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Property Listings
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The Property Development Review
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Property Listings
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NSW
Property Listings
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The Property Development Review
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Property Listings
NSW
PARRAM AT TA C BD W EST ERN M OTO RWAY
W EST E RN SYD N EY STA D IUM
JAMES RUSE DRIVE
PARRAM AT TA W H ARF
JAMES RUSE DRIVE
CAMELLIA, NSW
JAM ES RUSE D RIVE
PARRAM AT TA L I G H T RAI L ( U ND ER C O NST RUCT I O N)
CAMELLIA, NSW
PARRAM AT TA RIVER W EST E RN SYD N EY UN IV E RS IT Y
Artist’s impression
Boundary approximate only
UNDEVELOPED PENINSULA EAST OF PARRAMATTA 6.8 HECTARES * OF PRIME RIVERFRONT LAND – 6.8ha* undeveloped landholding with a 240m* frontage to Parramatta River – 22km* to Sydney CBD and 1.85km* to Parramatta CBD – Located in the proposed Camellia Town Centre and earmarked for mixed-use and high density living by the NSW Department of Planning and Environment1 – High exposure site soon to be serviced by the new Parramatta light rail (under construction) * Approx. 1 Draft Camellia Town Centre Master Plan 2018 2 Subject to planning approval
– The proposed Camellia Town Centre will likely be serviced by the RiverCat Service (STCA) with Parramatta Wharf just 1.3km* away – Proximity to key locations including Parramatta CBD, Western Sydney University, Westmead Hospital and Sydney Olympic Park – Major residential and mixed-use development opportunity, with a concept master plan suggesting2: • Over 2,400* residential apartments • Over 14,000* sqm retail/commercial GFA
FOR SALE BY PUBLIC EOI CLOSING TUESDAY 11 MAY 2021 AT 2PM (AEST)
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John McCann
+61 418 230 792 John.McCann@colliers.com
Matthew Meynell
+61 413 988 878 Matthew.Meynell@colliers.com
Lincoln Blackledge
+61 408 780 772 lblackledge@stonebridge.com.au
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NSW
The Property Development Review
WOLLONGONG CBD MIXED USE DEVELOPMENT OPPORTUNITY 357-359 CROWN STREET, WOLLONGONG NSW 2500
Artist Impression
EXPRESSION OF INTEREST Closing Friday 23 April 2021 at 3pm • Significant land parcel of 1,631sqm* • Approved mixed use development site for commercial and hotel • Proposed building to comprise 2,734sqm* of commercial space and 120 spacious hotel rooms • 101 onsite car parks over 3 basements • Ideally positioned within close proximity to Hospitals, Wollongong Beach, Win Stadium and Wollongong Central Business District • Proposed building will offer multiple income streams • Strong interest from operators, further details available upon request • Wollongong is located within 1 hour and 30 minutes* of Sydney CBD *Approx.
Nic Simarro 0403 005 776 nic.simarro@htlproperty.com Andrew Jackson 0405 355 972 andrew.jackson@htlproperty.com Andrew Jolliffe 02 9136 6373 andrew.jolliffe@htlproperty.com
15
Property Listings
16
NSW
The Interview: Jerry Schwartz
The Property Development Review
Dr. Jerry Schwartz
Co-founder of Schwartz Family Company Jerry would undoubtably be Australia’s only multi hotel owner, property developer and investor who is also a practising medical surgeon! Included in his vast portfolio are fifteen hotels, aviation, medical, media and events interests. Jerry is a truly a unique individual – extremely astute. Watch this interview now.
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25' Click play to listen to The Interview with Dr Jerry Schwartz in full. Interview: Rob Langton, Development Ready 17
The Interview: Peter Fahey
Peter Fahey
Managing Director, Clarence Property Corporation Peter’s reputational status as a property funds manager is second to none With thirty plus years of wide-ranging property experience, Peter’s business has approximately $500m of property assets under management. Watch this interview now.
Scan to watch The Interview
25' Click play to listen to The Interview with Peter Fahey in full. Interview: Rob Langton, Ready Media Group 18
The Property Development Review
VIC
Lis tings
19
Property Listings
VIC
FOR SALE - EXPRESSIONS OF INTEREST - CLOSING THURSDAY 13 MAY AT 1PM AEDT
Outstanding park front development site in thriving Brunswick 423 Albert Street, Brunswick • Development site of 661sqm* • Flexible Mixed Use Zone with favourable 8 level discretionary height control • Walking distance to Brunswick Train station, RMIT Brunswick and an abundance of lively bars, restaurants and cafes on Sydney Road • Stunning views to Melbourne CBD & adjacent parkland Guide Lukas Byrns 0423 791 126
Marcus Neill 0452 405 782
cushmanwakefield.com.au
*Approx
BENTLEIGH 483 South Road
FOR SALE BY EXPRESSIONS OF INTEREST closing Wednesday 12 May 2021 at 2pm
PRIME FREEHOLD WITH HUGE POTENTIAL (PERMIT APPROVED) Permit approved for substantial five (5) storey building •
Land Area: 200 sqm* with R.O.W
•
Total Building Area: 125 sqm*
•
Short term holding income
•
Commercial 1 Zone (C1Z)
For more information please contact: Joshua Colosimo
0413 790 309
Michael Ryan
0433 180 199
VIEW LISTING *Approx
9654 3222
Level 3, 267 Collins St Melbourne allardshelton.com.au 20
Property Listings
VIC
The Property Development Review
Boundary Indicative
The ideal development site for 2021 For Sale 371-385 Gore Street, Fitzroy VIC – A prominent triple fronted site of 1,192sqm* – Mixed Use Zoning allowing for commercial office, residential and/ or retail development (STCA)
Expressions of Interest Closing Wednesday 12th May at 3pm Josh Rutman 0411 27 37 46 0415 767 915 Tim Carr Mingxuan Li 李名轩 0498 688 998 property.jll.com.au/323712
– A proven development precinct underwritten by an in-demand lifestyle location
*(Approx)
21
Property Listings
VIC
VIEW LISTING
For Sale: 102-106 Pier St, Altona VIC 3018 EOI closing Thursday 29th April at 4pm Alex Ham — 0410 545 226 Michael Gross — 0419 355 561
A substantial multi-level mixed-use development site positioned within the tightly held Pier Street Altona shopping village within close proximity to Altona train station, Altona beach, parklands & community facilities. – – –
Three separate permits allowing developers the ultimate flexibility to either stage the build or complete in one line Permitted for a total of 47 apartments plus 3 retail units Substantial vacant and cleared site over 3 titles totalling 2,110m²* & a frontage to Pier Street of 45m*
VIEW LISTING
For Sale: 45 Porter St, Prahran VIC 3181 Auction: Friday 7th May at 12pm onsite Andrew Greenway — 0409 547 626 Andrew Waddell — 0419 400 991 22
Quality office warehouse conversion ideal for occupation / investment or realise the property’s redevelopment potential well suited to a number of development outcomes (STCA). – – – – – –
Fully refurbished office accommodation of 220sqm* Landholding of 390sqm* Onsite car parking (7 cars) Zoning: Activity Centre - Schedule 1 (ACZ1) Rear access and frontage to Hinton Lane Offered with short term income
Property Listings
VIC
The Property Development Review
VIEW LISTING
For Sale: 75-93 Glen Eira Rd, Ripponlea VIC 3185
A sizeable, high exposure retail site positioned on the corner of Glen Eira Road and Hotham Street, within the tightly held Ripponlea Village - Invest Now / Develop Later (STCA).
Auction: Thursday 6th May at 12:30pm onsite
–
Alex Ham — 0410 545 226 Michael Gross — 0419 355 561
– –
An iconic, freestanding 2 level corner building of 838sqm* and consisting of 7 shops and first floor offices - currently occupied by 6 tenants Prominent landholding of 716sqm* with 3 street frontages Short term lease holdings allow for the ultimate flexibility to ‘value add’ or develop (STCA)
33-37 Rupert Street, Collingwood, VIC, 3066 Tomassi & Co in Conjunction with Connect International Property Group are thrilled to offer this fantastic opportunity in this thriving commercial precinct. • Commercial Office Permit approved • Lifestyle and retail precinct • Flexible settlement terms • Land size approx. 676sqm • Also zoned for hotel use Key attributes of the permit approved includes: • Plans and permits for approved 10 level office tower • Rooftop terrace • GFA: 5,835.01sqm*, LSA: 3,176.39sqm* • Retail space (food/drink) 62.86sqm* • Office space 3,113.53sqm* • 18 carparks & 20 spaces for bicycles • Commercial 2 Zoning opens up a variety of high value potential redevelopment options including the existing permit for commercial office, a potential hotel and retail (STCA) For Further details please contact Alby Tomassi on 0438 737 981 or Alexander Georgiou on 0400 857 470.
*Approx.
PERMIT APPROVED OFFICE DEVELOPMENT IN COLLINGWOOD 23
Property Listings
VIC
Australia’s Property People
Permit and Tenant Ready Childcare Development Opportunity DAN M U R PHY ’S
Chirnside Park VIC 11-15 Kimberley Drive
BUNNINGS 1.2KM
C H I R N S I D E PA R K L F R PR ECINCTOFFICE WOR KS , HARVEY NORMAN , JB HI-FI, THE GOOD GUYS
H U NGRY JACK ’S
+ Tenant ready – Discovery Bay with an initial 15-year net lease and commencement rental income of $378,200 per annum* + Architecturally designed 903sqm* double storey childcare facility, with DA approval for 122 LDC places
OXLE Y COLLEGE PRIMARY & S ECONDARY 750M
MAR OONDAH HW Y 34,000 VEHICLES P A S S I N G D A I LY C H I R N S I D E PA R K SHOPPING CENTRE
+ Prominent 1,735sqm* site directly opposite of Chirnside Park Shopping Centre + Strategic position only 650m* from Chirnside Park Primary School 750m* from Oxley Primary and Secondary College
KIMBERLEY DR
+ Directly opposite of Chirnside Park Shopping Centre anchored by three supermarkets and supported by 100+ specialty stores + Chirnside Park & Lilydale: established residential suburb only 30km* east form the Melbourne CBD
For Sale by Expression of Interest Closing 4pm AEST Tuesday 18 May 2021 Zomart He 何梓轩 0488 220 830
Adam Thomas 0418 998 971
Natalie Couper 0413 856 983
burgessrawson.com.au
*Approx
D L SO
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 Paul Farrelly 0418 358 998
burgessrawson.com.au
24
Zomart He 何梓轩 0488 220 830
FAW K N E R S T
ROW
*Boundaries Indicative Only
*Approx
The Property Development Review
Targeted Developer Leads
Lifetime Campaign Support
Transparent Pricing
Be Where The Buyers are. Be Where The Developers Are. Access Australia’s most active developer & investor database. Since 2015 we’ve cultivated a targeted and active audience-base to Access most active investor database. provide Australia’s each development sitedeveloper marketing&campaign with high volumes of qualified buyer leads. Every resource you need to generate targeted Since 2015built we’ve a targeted and active leads are intocultivated our marketing packages at the audience-base one transparenttocost. provide each development site marketing campaign with high volumes of qualified buyer leads. Every resource you need Why be anywhere else? Be where the buyers are. to generate targeted leads are built into our marketing packages at the one transparent cost. Why be anywhere else? Be where the developers are.
Part of Ready Media Group
25
The Interview: Simon McGrath AM
Simon McGrath AM
Chief Executive Officer - Accor Pacific With over three decades of experience and knowledge across the tourism and hospitality industry, Simon’s high profile position with one of the world’s largest hotel groups is a testament of his skill. His expertise and service has been recognised with an Order of Australia (AM) – great insights. Watch this interview now.
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25' Click play to listen to The Interview with Simon McGrath AM in full. Interview: Rob Langton, Ready Media Group 26
Allan Fife OAM Property Listings
WA
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
27
QLD
Lis tings
28
Property Listings
QLD
The Property Development Review
*Indicative Only
‘The Lakes’, Mermaid Waters, QLD EXPRESSIONS OF INTEREST, CLOSING THURSDAY, 13 MAY 2021, AT 5PM Central Gold Coast Lakefront Site
• •
Phone for More Information Tony Grbcic 0407 968 667 tony@kollosche.com.au Adam Grbcic 0404 087 772 adam@kollosche.com.au
• •
‘The Lakes’ is a masterplanned community developed over 42 hectares and comprising waterfront homes, town-homes, mid-rise residential buildings and a vibrant new retail, wellness and lifestyle precinct. Positioned on a waterfront setting, providing a North Easterly aspect which captures views over the lake and Gold Coast Skyline, the site offers; - Total Area; 14,170m2 - Height Allowance; 12 storeys (approved under master plan) - Density Allowance; 512 bedrooms* (approved under master plan) The Lakes has successfully delivered; - 41 canal front homes - 67 Lakes Residences (villas and townhouses) - 150 apartments within The Lanes Residences (stage one to be completed Mid 2021) With a further 150 apartments to be completed in the final stage of Lanes Residences along with a Retail Village which provides 7,500m2 of retail, dining, wellness and entertainment experiences.
Please contact Tony Grbcic or Adam Grbcic for a comprehensive due diligence pack.
kollosche.com.au 29
Property Listings
QLD
*Indicative Only
*Indicative Only
kollosche.com.au 30
Property Listings
QLD
The Property Development Review
*Indicative Only
'Central on Broadbeach' 2709-2723 Gold Coast Highway, Broadbeach, QLD 4218 EXPRESSIONS OF INTEREST CLOSING, WEDNESDAY 19th MAY, 2021 AT 5PM The Broadbeach Development Site the Market Has Been Waiting For The Site Offers; A total freehold land area of 3,722m2* Volumetric title of 53,260m2* situated beneath the Gold Coast Highway Reserve road (which under the current development approval creates four efficient levels of basement car parking) Total Site surface area of 6,438m2* fronting the Gold Coast Highway Current improvements providing a gross holding income of approximately $1.5+ Million per annum
• • • •
The Development Approval comprises;
• • •
2 x 68 Level Towers 4 Level Basement 458 Residential Apartments
• • •
418 Serviced Apartments Total Commercial/Retail Area of 2,096m* 772 Car Parking Spaces
Phone for More Information Tony Grbcic
Adam Grbcic
tony@kollosche.com.au
adam@kollosche.com.au
0407 968 667
0404 087 772
Please contact Tony Grbcic or Adam Grbcic for a comprehensive due diligence pack.
kollosche.com.au 31
Advertorial
Could this be the Nation’s Best Estate to ever Come To Market? “We’re confident in saying that this property is the best estate on the Gold Coast.” Michael Willems of Ray White Commercial on the Gold Coast made that comment during a recent sit-down with colleague Jackson Rameau and Ready Media Group’s Rob Langton, while the group were discussing one of the most anticipated SEQ properties of 2021. Michael and Jackson have been entrusted with the privilege of bringing 290 Coleman Road, Coomera, to market on behalf of high-profile vendor and five-time motorcycle road racing World Champion, Mick Doohan. The Ray White Commercial pair have just come off the back of a highly successful auction event held at the Gold Coast Turf Club, where 132 properties went to auction and they achieved an overall success rate of 78%.
“Things obviously changed dramatically 12 months ago, when the health crisis hit and the lockdowns were first implemented, but it’s jump started a new market period here in SEQ.” Michael put forward. “I think that with many people being forced back into Australia, and being forced to remain here, that many have realised that the South-East pocket of Queensland is second to none. People are seeing that it’s not just a great place to do business, but also to raise a family.” The pair note that Queensland, and the Gold Coast in particular, is experiencing its time in the sun, drawing considerable attention from southern investors who are looking to not only chase better yields but are also looking to the long-term viability of regions around the nation.
“At the moment, Burleigh Heads, Southport and Mermaid Beach are three hot-spots that jump to mind. We’re seeing strong leases with quality tenants that back up the range of quality stock for investors,” Jackson said. “On top of that, Coomera is arguably one of the fastest growing suburbs on the Gold Coast, let alone Queensland, which makes this estate not just a lifestyle choice for the present, but a strategic investment move as well.” Jackson noted during the talk.
The Estate that’s seen as the Best of the Best “The family that owns the property is quite close to Jackson, and I know them quite well myself, so we were asked to come out and have a look at the property and assess its potential for the current marketplace.” Michael said. Both agents are extremely proud to be bringing what they view as the best estate in SEQ and possibly in Australia to market. “The property offers around 180,000sqm of waterfront Coomera land that could not be replicated within a 200 to 300 kilometre radius of the Gold Coast.” Michael stated. “It has massive development upside in time, with some future zoning changes that we are very confident about, providing an extra layer of incentive to an already jam-packed property. If the new owner wishes to pursue that route, they are going to have the privilege of massive water frontage that they can capitalise on in the future. “You really are buying the best of the best when you’re talking about location, lifestyle, and property. You have your own go-cart track, your own helicopter pad, your own harbour. It even has a small aircraft landing strip. It’s a secluded and peaceful lifestyle retreat that is still only five minutes from the shops.” While the vendor is one of Australia’s most high-profile sporting champions, Jackson notes that just like any other family, the time is right to move on from the family home.
“The kids have grown up and are heading out in their own directions, and the parents wish to spend a bit more time travelling and enjoying their freed-up lives. The time just feels right to pass the property over to another family or individual that is going to enjoy it as much as they have.” The property has just landed on the market and will be sold through an expressions of interest campaign that closes on the 12th of May. Michael finished the conversation by stating that, “It is near
impossible to place a price upon the property – how do you value something this unique? Our seller is serious about wanting to make it happen though, so it will get sold. We’re excited to meet with prospective buyers and assess the interest, which we anticipate will be significant.”
For more information regarding this highly unique opportunity, please contact Michael Willems (+61 412 240 176) or Jackson Rameau (+61 438 451 112) of Ray White Commercial.
32
The Property Development Review
ONE OF AUSTRALIA'S MOST LUXURIOUS ESTATES Coomera, 290 Colman Road
Indicative Only
EXPRESSIONS OF INTEREST Closing Wed 12 May 2021 at 4pm
• 18*ha (180,000m2*) with future development upside (STCA) • Luxurious main residence, guest house & caretaker residence • 500m²* quality constructed man cave with 4 offices, entertaining area and ample room for your helicopter and car collection • Private and peaceful with your own marina and helicopter area • Fantastic location, only a short drive to the heart of the Gold Coast
Jackson Rameau 0438 451 112 j.rameau@rwsp.net Michael Willems 0412 240 176 m.willems@rwsp.net
*approx
raywhitecommercialgoldcoast.com 33
Property Listings
QLD
4,274M²* DEVELOPMENT SITE | CARSELDINE VILLAGE Carrseldine, 532 Beams Road
Outline and Locations Indicative Only
REGISTRATIONS OF INTEREST Closing Thur 13 May 2021 4pm • • • •
14km* north of the Brisbane CBD Two “super lots” within Carseldine Village Master Planned Community 4,247sqm* comprising Lot 2049 (2,116sqm*) & Lot 2050 (2,158sqm*) Designated “Mixed Use - Parkside Residential” under the Fitzgibbon Priority Development Area
*Approximately
• 500m* from Carseldine Railway Station • Near to “The Green Sport and Recreation Precinct” • Development options include residential apartments, retirement or other residential uses with - Social and Affordable Housing options encouraged • Located in close proximity to a wide variety of existing and planned facilities and amenities
Mark Creevey 0408 992 222 mark.creevey@raywhite.com Tony Williams 0411 822 544 tony.williams@raywhite.com
raywhitespecialprojects.com
NOOSA NORTH SHORE 8.29HA* 8.29HA* FREEHOLD SITE WITH D.A. Noosa North Shore, 30 Beach Road
Outline and Locations Indicative Only
EXPRESSIONS OF INTEREST Closing Wed 21 April 2021 4pm
• Large freehold block • Two minutes from beaches and four wheel drive access to Great Sandy National Park and Rainbow Beach • Only 20* minutes from Noosa Heads *Approximately ^Subject to Council Approval
• Opposite the Noosa North Shore Resort and Tourist Park and close proximity to general store • Offers a Development Approval for 21 Retreats and potential for an additional 20 retreats • Potential alternative land use opportunities (^STCA)
Tony Williams 0411 822 544 tony.williams@raywhite.com Paul Butler 0418 780 333 paul.butler@raywhite.com
raywhitespecialprojects.com
34
Property Listings
QLD
The Property Development Review
MEADOWBROOK - TWO HIGH PROFILE MIXED USE SITES Meadowbrook, 40, 57-67 Ellerslie Road
PARCEL 1
Outline and Locations Indicative Only
PARCEL 2
TENDER
Tony Williams 0411 822 544 tony.williams@raywhite.com
Closing Wed 28 April 2021 4pm • • • •
Two sites offered individually Land areas: Parcel 1 - 11,800m²* & Parcel 2 - 10,200m²* Both sites zoned “Mixed Use” Range of potential development options
*Approximately ^Sitewisely
• Parcel 1 corner position with frontage to Loganlea Road providing exposure to over 46,400^ vehicles per day • Superb location within close proximity to Logan Hospital, Griffith University, Logan Motorway, Shopping centre and surrounding Commercial Retail and Industrial development
Mark Creevey 0408 992 222 mark.creevey@raywhite.com Matthew Fritzsche 0410 435 891 matthew.f@raywhite.com
raywhitespecialprojects.com
35
Property Listings
QLD
mermaid beach JUST LISTED FOR AUCTION O P E N S AT U R DAY S 1 2 . 0 0 - 1 2 . 3 0 P M
2 41 7 - 2 41 9 G O L D C O A S T H I G H WAY M E R M A I D B E A C H
BLUE CHIP 817m 2 BEACHSIDE DEVELOPMENT SITE SIGNIFICANT HOLDING INCOME 100% LEASED $147,420 P.A. JAR E D J O H N S O N 0423 386 939 L ACH L AN MAR S H ALL 0426 259 799 GUY P OWELL 0413 030 851
36
Property Listings
QLD
The Property Development Review
Castle THE
The
37
Property Listings
38
QLD
Property Listings
QLD
The Property Development Review
39
Property Listings
QLD
EOI
HIGH PROFILE RETAIL DEVELOPMENT SITE OF 3.795HA* QLD, Bethania: 13-15 Glasson Drive
Outline indicative only
DA APPROVED RETAIL SCHEME IN PLACE + Rare opportunity to acquire a development approved retail site + Proposed scheme provides 11,180sqm* GFA on an expansive site of 37,950sqm* + Positioned in a major retail precinct adjacent to Bunnings & Aldi + High profile location with a 280m* frontage to the major arterial Logan River Road
+ Strategically designed retail mix of supermarket, large format, medical, health, car wash & food outlets + On completion, estimated fully leased Net Income is circa $3,000,000* per annum + Diverse target income profile to accomodate the strong annual retail expenditure growth rate in the catchment of $6.22Bn* by the year 2031 or 5.9%* per annum
FOR SALE BY EXPRESSIONS OF INTEREST CLOSING WEDNESDAY 12TH MAY 2021 AT 1.00PM (AEST) MATTHEW MARENKO +61 409 355 123
MICHAEL HEDGER +61 488 059 009
JOE TYNAN +61 422 050 338
cbre.com.au/properties *approx
40
Property Listings
QLD
The Property Development Review
Accelerating success Reach more people – better results faster.
100% ASX TENANTED BEACHSIDE INVESTMENT (ANZ & BOQ) AUCTION - THURSDAY 13 MAY 2021 11AM (IN-ROOMS) 24-28 GRIFFITH STREET, COOLANGATTA QLD 4225 Retail Rare freehold investment with two ASX listed tenants one block from
100% ASX Tenanted Investment (ANZ & BOQ) Coolangatta beach. ForBeachside Sale via Public Auction on Thursday 13 May 2021 at 11am (in-rooms at Colliers offices). Auction Thursday 13 May 2021 11am (In-rooms) 24-28 Griffith Street, Coolangatta QLD 4225
Rare freehold investment with two ASX listed tenants one block from Coolangatta beach. For Sale via Public Auction on Thursday 13 May 2021 at 11am (in-rooms at Colliers office
Retail
100% ASX Tenanted Beachside Investment (ANZ & BOQ) Net income: income: 420m2* ANZleased leasedto BOQ BQQleased leasedto High tech Dev. zoned Net 420m2* ANZ Hi-tech, Dev. zoned with $252,586 360m2* 2024 + options 2023 + options modern fitouts 24m limit Auction Thursday 13 May 2021 11am (In-rooms) $252,586pa* pa* land land to 2024 + to 2023 + modern with 24-28 Griffith Street, Coolangatta QLD 4225 building to 2034 to 2028to 2 * 360m options options fitouts 24m limit
building
to 2034
2028
colliers.com.au/p-AUS66012887
Net income: $252,586 pa*
420m2* ANZ leased to BOQ leased to Hi-tech, Dev. zoned with land 360m2* 2024 + options 2023 + options modern fitouts 24m limit building to 2034 to 2028
colliers.com.au/p-AUS66012887
Retail
James Crawford 0423 601 063
Rare freehold investment with two ASX listed tenants one block from Coolangatta be For Sale via Public Auction on Thursday 13 May 2021 at 11am (in-rooms at Colliers offi
100% ASX Tenanted Beachside Investment (ANZ & BOQ) Auction Thursday 13 May 2021 11am (In-rooms) 24-28 Griffith Street, Coolangatta QLD 4225
colliers.com.au/p-AUS66012887 Net income: $252,586 pa*
Rare freehold investment with two ASX listed tenants one block from Coolangatta beach. For Sale via Public Auction on Thursday 13 May 2021 at 11am (in-rooms at Colliers offices).
James Crawford
0423 601 063 * Approximately
420m2* ANZ leased to BOQ leased to Hi-tech, Dev. zoned with land 360m2* 2024 + options 2023 + options modern fitouts 24m limit building to 2034 to 2028
colliers.com.au/p-AUS66012887
* Approximately
Retail
100% ASX Tenanted Beachside Investment (ANZ & BOQ) Auction Thursday 13 May 2021 11am (In-rooms) 24-28 Griffith Street, Coolangatta QLD 4225
Rare freehold investment with two ASX listed tenants one block from Coolangatta beach. For Sale via Public Auction on Thursday 13 May 2021 at 11am (in-rooms at Colliers offices).
UNIQUE 4HA* INDUSTRIAL SITE – RARE ZONING Net income: $252,586 pa*
James Crawford 0423 601 063
420m2* ANZ leased to BOQ leased to Hi-tech, Dev. zoned with land 360m2* 2024 + options 2023 + options modern fitouts 24m limit building to 2034 to 2028
colliers.com.au/p-AUS66012887
* Approximately
Stapylton, 42 Quinns Hill Road East
EXPRESSIONS OF INTEREST Closing Fri 21 May 2021 4pm •
Strategic, regular shaped 4ha High Impact Industrial zoned site
•
Centrally located halfway between Brisbane and the Gold Coast in the Yatala Enterprise Area (YEA)
•
Favourable zoning allowing multiple development outcomes (STCA)
•
Expansive 150m* street frontage providing excellent exposure to passing traffic
•
Access to sewer and water services within the property boundaries
•
Holding income of $31,200 per annum
•
Direct access to critical infrastructure including Jacobs Well Road and the M1 Pacific Highway
•
35km South of the Brisbane CBD
Jaems Balfour 0411 404 249 j.balfour@raywhite.com Michael Manis 0434 130 606 michael.manis@raywhite.com Fraser Power 0437 431 351 fraser.power@ap.jll.com Shaun Canniffe 0409 059 578 shaun.canniffe@ap.jll.com
41
Property Listings
QLD
LUXURY HOME BUILDERS, BOUTIQUE PROPERTY DEVELOPERS SEEKING THE BEST POSITION
This vacant land is ideal for wealthy property buyers who want to build their own bespoke property on the best position on the Esplanade at Paradise Point.Overlooking Sovereign Islands and the Broadwater with a sandy beach less than 20 steps away and with swaying Palm trees and beautiful safe walk ways..this is Paradise! • 880m2
• 3 Levels • DA Approved boutique development • RES B • Plans and renders available
EOI BY MAY 12TH IF NOT SOLD PRIOR.
Alex Phillis 0411 600 300, Jun Yang 0423 275 701, Will Daley 0401 883 789
ADVERTISE IN TPDR Reach a wide audience pool by advertising in The Property Development Review. Call 03 9631 5476 or Email ted@readymedia.com.au
Click for More Info
Part of Ready Media Group
42
The Interview: Terry Agnew
The Property Development Review
Terry Agnew
Founder of Tower Holdings Terry is an extremely perceptive, knowledgeable and pragmatic individual. As the sole owner of Tower Holdings, he describes himself as a “property trader”. Over the years Terry has been involved with a number of substantial property deals which include Sydney City, Byron Bay and Great Kepple Island. Watch this interview now.
Scan to watch The Interview
50' Click play to listen to The Interview with Terry Agnew in full. Interview: Rob Langton, Development Ready 43
SA
Lis tings
44
Property Listings
SA
The Property Development Review
Boundary Indicative
Huг urban development opportunity For Sale 10 Anzac Highway, Forestville SA
For Sale on behalf of Renewal SA by EOI closing Tuesday 25 May 2021 at 2pm (ACST)
– Seeking experienced developers
Ben Parkinson Roger Klem
– Expansive 3.6ha* cleared site – Create a mixed use residential and commercial precinct
0407 710 389 0423 919 373
property.jll.com.au/323057
– Major public infrastructure nearby – Favourable zoning encouraging up to 8 levels
*(Approx.)
RLA1842
45
Property Listings
46
SA
Property Listings
SA
The Property Development Review
FOR SALE 251 WAYMOUTH STREET, ADELAIDE, SA DISTINGUISHED CHARACTER BUILDING Rare opportunity to acquire a charming character building in Adelaide’s rapidly developing west end.
DISTINGUIS
• 694 sqm* over 3 levels • 263 sqm* corner site • High profile location featuring 2 street frontages • Burgeoning precinct • Adaptable property, well suited to a myriad of uses
EXPRESSIONS OF INTEREST CLOSING THURSDAY 29TH APRIL AT 4PM David Buenfeld Alan Lim
0416 045 675 0404 923 695
bellecommercial/adelaide
*Approx RLA 287133
Global Tenanted Investment. 58 David Terrace, Kilkenny SA. Auction Friday, 7 May at 11am on site .
Leased to Pon.Bike (Australia) Pty Ltd
Improvements of 952 sqm*
Secure 926 sqm* site
High profile, prominent location
On-site car parking
Marco Onorato 0481 157 645 Oliver Totani 0412 808 743 David Ludlow 0439 260 645
*Approx.
Leased net income $117,060 p.a
View Listing
47
The Interview: Simon Mordant AO
Simon Mordant AO
Executive Co-Chairman - Luminis Partners Simon is one of Australia's leading investment bankers, philanthropists, businessman and art collector. A man of many aptitudes. His achievements have been recognised internationally. Prior to Luminis, Simon was the co-founder of financial advisory group Caliburn Partnership, which sold to US based Greenhill in 2010 in a $200m deal. Outside of his business interests, Simon holds a multitude of national and international positions including, Adjunct Professorships at the Catholic University of Milan, Honorary Professor at the University of Melbourne, a Trustee of the American Academy in Rome and Vice President of The Museum of Modern Art in New York. Watch this interview now.
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33' Click play to listen to The Interview with Simon Mordant AO in full. Interview: Rob Langton, Development Ready 48
The Property Development Review
WA
Lis tings
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Property Listings
WA
DEVELOPMENT OPPORTUNITY GROWING AREA
Wellard WA, 101 Bertram Road
EXPRESSIONS OF INTEREST
Closing Fri, 30 Apr 2021 at 4pm (AWST) • Located in Southern Growth Corridor • 7.79 hectares* • Approved Local Structure Plan • Easy Access to freeway & train station • 300 - 400 lot potential Brett Wilkins brett.wilkins@raywhite.com 0478 611 168 Enrique Reyes enrique.reyes@raywhite.com 0421 888 688 *Approx
raywhitecommercialwa.com
Outline indicative only
PERTH TOWER SITE Perth, WA, Stirling Street (Corner Aberdeen Street)
SALE - OFFERS TO PURCHASE
Closing Thur 29 Apr 2021 at 4pm • Central Perth location • Desirable Promenade streetscape • 1,554m2* large span building • 2,266m2* corner land footprint • High density mixed use zoning • Plot ratio 6:1 (13,596m2* GFA) • DA for 160 units, 34 storeys Michael Milne michael.milne@raywhite.com 0403 466 603 Brett Wilkins brett.wilkins@raywhite.com 0478 611 168 *Approx Outline indicative only
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raywhitecommercialwa.com
Property Listings
WA
The Property Development Review
DEVELOPMENT OPPORTUNITY Dongara, WA, 2 & 4 Brady Road
SALE
Offers Invited - Closing May 5 2021 • Ocean front development opportunities • 2 adjoining lots • Combined area of 15,274m2* • 166m* frontage • Zoning special use 5 with obvious potential for tourism and residential Brett Wilkins brett.wilkins@raywhite.com 0478 611 168 Phil Zoiti phil.zoiti@raywhite.com 0419 993 656 *Approx
raywhitecommercialwa.com
Outline indicative only
MULTIPLE DEVELOPMENT OPPORTUNITIES Halls Head, WA, Hungerford Avenue & Otley Close
EXPRESSIONS OF INTEREST
Closing Thur 29 Apr 2021 at 5pm • Medium density residential opportunities plus much more • Hottest residential location in Western Australia • Suit aged care, medical, NDIS or house and land development • Land areas of 3,158m2, 4,028m2 or 7,141m2 • Available individually or in one line Stephen Harrison stephen.harrison@raywhite.com 0421 622 777 Hungerford Avenue
Outline indicative only
Brett Wilkins brett.wilkins@raywhite.com 0478 611 168 raywhitecommercialwa.com
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Property Listings
WA
PRIME MEDICAL CONSULTING ROOMS/ DEVELOPMENT SITE West Leederville, WA, 44 McCourt Street
SALE
$2,090,000 • 612m2* land area • 175m2* of character consulting rooms • Ideal mixed use or residential project • Plot ratio 1.5:1.0
Stephen Harrison stephen.harrison@raywhite.com 0421 622 777 *Approx Outline indicative only
80 Lockhart Street, Como
raywhitecommercialwa.com
FANTASTIC DEVELOPMENT OPPORTUNITY Land area: 792sqm Suitable height 6-8 storeys Located within the Canning Bridge Structure Plan Easy access location 900m to the River's edge Renovate, move- in or demolish and redevlop!
Salt Property Group Sales Team Dane Mcknight | 0435 377 647 d.mcknight@saltproperty.com.au Glen O'Brien | 0418 923 123 g.obrien@saltproperty.com.au
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Property Listings
WA
The Property Development Review
Rare Development Opportunity 4 Scott Street, Greenmount, WA, 6056
6,623sqm* Englobo corner site off, Scott Street and Great Eastern Highway, Greenmount. Perfect for a developer who is seeking a residential subdivision or additional uses listed below, zoned R40 across the entire site. Or alternatively as proposed individual Lots - 1: comprising of 4,543 m2* with the potentially of accommodating up to 14 residential survey-strata lots*. In addition, proposed Lot 2 comprises of 2,080 m2 approx* which would make an ideal lot to accommodate a potential Child-Care Premises, Place of Worship, Nursing Home, Aged Persons’ Village, Aged or Dependent Persons’ Dwelling, Consulting Rooms, Education Establishment
& Residential Subdivision amongst just some of the approved uses across this site under the Shire of Mundaring’s Local Planning Scheme. • Short walk to Greenmount National Park • 10 minutes* to Midland & Train Station, 15 minutes* to Perth Airport, 30 minutes* from the Perth CBD. Closing Tuesday 4th May 2021 @ 4.00pm (AWST) Jed & Frances Caeiro on 0408 928 430 jcaeiro@thoughtleadersre.com.au Legend Approx.*
NORTHERN TERRITORY
For Sale - Unique Investment Property. Elizabeth Valley Farm 1845 Stuart Highway, Noonamah. For Sale Homestead & Land Holding $7,600,000. Land Holding Only $6,600,000. This exceptional property represents a significant land holding in the rural area of Darwin. Land area 205.1ha /507acres
Zoned RR/RL
Incredible subdivision potential
The property is situated on the Stuart Highway at Noonamah with a boundary extending down to Elizabeth Valley Road. There is a total land area of 507 acres or 205.10 hectares and has a mixed zone of RR (Rural Residential) and RL (Rural Living). Situated on the property is a stunning 4 bedroom, 3.5 bathroom homestead with over 680sqm under roof and surrounded by beautifully manicured gardens and extensive lawn area. The property is located 44kms from the Darwin CBD and is only a 30 minute drive by car from the Darwin CBD. The property offers easy access to the now very well established and popular Coolalinga Commercial precinct only 15kms north of the property.
Professional and expert investigations have been undertaken and engineering and planning advice can be provided to assist in understanding the capacity for development.
Matthew Knight 0413 058 020 Michelle McRae 0448 882 399
tfrank.com.au / 1234567
View at knightfrank.com.au
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Market Report
For the Full Report or further information, please contact: Vanessa De Groot – Marketing & Communications, Knight Frank Australia Pty Ltd Vanessa.DeGroot@au.knightfrank.com +61 410 460 211
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31 March 2021
News Release Knight Frank makes new appointment to Perth Office Leasing team • Rick McKenzie has joined Knight Frank in Perth as Associate Director, Office Leasing • He moves to Knight Frank this week from his previous role as Senior Negotiator in Office Leasing at CBRE • Rick, who has more than ten years’ experience in leasing and valuations, will make a great contribution to Knight Frank in providing an enhanced service offering to its clients • The appointment comes as the Office Leasing market in Perth experiences increased activity levels
25 March 2021
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.
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