Newcastle and Hunter region
Commercial and Industrial OPPORTUNITIES
Welcome
Welcome to the Q1 edition of the 2024 Commercial Collection, where we highlight the latest range of commercial and industrial property opportunities available with Commercial Collective.
Last year, the sales of Health and Aged Care & Retirement facilities demonstrated exceptional growth for Commercial Collective, exceeding a noteworthy milestone of $250 million. This is very much in line with the Health and Age Care market as a whole, where divestments are creating new opportunities for expansion and entry into the market. This is due to a market segment that has seen a large shortage of stock on the market and increased operating costs due to government regulation changes. According to a recent report by the Productivity Commission, there is a growing concern over the decline in available beds in NSW, with a population increase in the over 80 age bracket of 12,500 each year and only 4,322 additional beds being created. This suggests the potential for large growth in the market in coming years.
The Industrial market is continuing to experience a significant increase in demand for both A and B Grade investment assets, providing a highly engaging landscape of opportunities for investors. A Grade assets yield a steady return of 5.75% to 6.5%, while B Grade properties offer slightly higher returns ranging from 6.5% to 7%. This paints a clear picture of a market in high demand and presents a promising investment prospect for those looking to capitalise on this trend.
The Commercial market has seen a significant influx of investment assets, spanning both A and B Grades. The promise of additional stock entering the market this year aligns seamlessly with a growing demand for environmentally sustainable and highly rated ESG buildings, reflecting an industry that is prepared for evolving priorities.
Retail premises have been in lesser demand following the impact of Covid 19 but Newcastle has not experienced the same decline in demand that was seen in larger cities like Sydney and Melbourne. Commercial retail located within the Newcastle city CBD, Maitland city, and areas close to shopping complexes such as Kotara, Charlestown, and East Maitland are continuing to provide investors with great alternatives.
Newcastle’s high level of investment in infrastructure and development over the past seven years and strong population growth have only bolstered its reputation in the market and attracted new investment in the region.
The promise of increased stock, sustainability initiatives, and the adaptability of local businesses collectively set the stage for a dynamic market environment. Investors and businesses that can stay agile, monitoring market shifts and adapting strategies to leverage emerging opportunities are likely to perform best in this market climate.
Speak with our sales and leasing team today to learn more about the opportunities in this quarter’s Commercial Collection.
Dane Crawford Partner | CEO
Byrne Tran 0422 302 691
Brad Crouch 0411 343 768 Benjamin Morello 0402 489 498
175 Maitland Road, Mayfield
14 Skye Street, Morisset
Lambton
Adam Leacy 0421 613 160
Matt Kearney 0427 921 206
Benjamin Morello 0402 489 498
The Primary | architecturally designed commercial style units
Unit 37 & Unit 68, 2 Templar Place, Bennetts Green
Outline
15/2 Templar Place, Bennetts Green
9/6 Concord Street, Boolaroo
6/6 Coal Wash Drive, Mayfield West
62/2 Templar Place, Bennetts Green
Land Opportunities
Outline
Outline
Outline
Outline
Newcastle Ocean baths’
With the reopening of the newly renovated Newcastle Ocean baths in December 2023, the popularity of the baths has once again soared. At over 100 years’ old, there is no question that the baths have a vast history beneath their waters.
Construction began on the Ocean Baths in 1911 using state of the art electric drilling machinery and cranes however storms in 1912 caused damage to what was constructed and prompted a design change to help accommodate for the extreme weather of the location. The baths were opened in 1913 to the public despite the basin itself not being fully completed and only having temporary dressing sheds available. The original pavilion commenced construction in 1922 alongside the permanent concrete structures. The steps on the side of the baths served not only as seating but also as protection from damage from high seas.
When the Canoe pool which sits alongside the ocean baths, was first constructed many referred to it as the map pool due to the world map constructed at its centre. The map was coloured red for Commonwealth countries and green for all others. Over the years the upkeep lapsed due to ongoing costs and resources and the sand eroded the map, leaving many to question whether the map’s existence was ever actually real. Despite the missing map, the pool remains popular with young families today. Although it has seen a few upgrades since its earlier days to help maintain its cleanliness.
baths’ missing map
Lease Opportunities
10 Hastings River Drive, Port Macquarie
High exposure site with significant potential
2/139 Pacific Highway, Charlestown
Commercial/retail suite with three onsite carparks
58A Cleary Street, Hamilton
122sqm* medical suite on Cleary Street Hamilton
T3.2/77 Maitland Road, Mayfield
Prime retail position within Coles Mayfield Centre
36/2 Templar Place, Bennetts Green For Lease
Brand new architecturally designed business unit
2 Francis Street, Muswellbrook For Lease
Fully fitted turn key ready office
236 Pacific Highway, Swansea
For Lease
Freestanding commercial building adjacent to Swansea Centre
Part Level 1/50 Hunter Street, Newcastle
For Lease
Superior East End office with full fitout
602/653 Hunter Street, Newcastle
For Lease
A Grade Boutique Office - Available Q3 2024
69B Turnbull Street, Hamilton
For Lease
Exceptional café opportunity in high-profile location
1/2 Templar Place, Bennetts Green
5/81-89 Broadmeadow Road, Broadmeadow
Newly constructed industrial unit in prime location
11/81-89 Broadmeadow Road, Broadmeadow
Prominent main road visible unit overlooking Smith Park
4/81-89 Broadmeadow Road, Broadmeadow
Newly developed business unit
6/81-89 Broadmeadow Road, Broadmeadow
Newly developed business unit boutique
3 Yilen Close, Beresfield
Multi-functional industrial facility
1/22 Craftsman Close, Beresfield
Newly constructed industrial units
1B/11 Glenwood Drive, Thornton
Unit 1/46 Munibung Road, Cardiff
Main Road Industrial Warehouse / Office Facility
Total NLA 429sqm* On-site car spaces
NLA 91sqm* Three onsite car parks
CONTACT
Jared Harris 0410 611 482
Jacob Siever 0481 553 762 CONTACT
*Approximately
Sebastian Kavanagh 0423 968 807
Jacob Siever 0481 553 762
*Approximately
NLA 205sqm* Recently upgraded aircon and high speed lift
CONTACT
Brad Crouch 0411 343 768
Jacob Siever 0481 553 762
*Approximately
NLA from 120sqm* - 400sqm* On-site secure parking available
Matt
*Approximately
3 & 4 / 5 Coal Wash Drive Mayfield West
For Lease
27 Jura Street Heatherbrae
For Lease
Unit sizes from 963sqm* 12 car spaces per unit
CONTACT
Craig Watson 0422 633 321
George Stylianos 0490 504 445
*Approximately
George Stylianos 0490 504 445 Ryan Lippiatt 0402 719 391 CONTACT
*Approximately
NEWCASTLE
10 Newcomen Street, Newcastle NSW 2300
EAST MAITLAND
Suite 2, 13 Mitchell Drive, East Maitland NSW 2323
02 4077 5858 office@commercialcollective.com.au
DISCLAIMER
This document has been prepared by Commercial Collective using information provided to it for the transaction contemplated. Any statement or opinion made by Commercial Collective in this document is not based on any actual or implied knowledge or consideration of the investment objectives, financial situation, legal or taxation position or any other particular needs or requirements of the recipients of this document. All parties must make their own independent assessment and seek professional advice for their specific circumstances.
Neither Commercial Collective, its directors, employees, agents and related entities (Commercial Collective Entities) make any recommendation about the transaction or potential returns or use of the property. The Commercial Collective Entities do not warrant the completeness or accuracy of the information contained in this document or that it is not misleading or not likely to be misleading or deceptive.
None of the Commercial Collective Entities will be liable (whether at law, in equity or otherwise) in any circumstances for any statement made or anything contained in or arising out of the information in this document including any errors, misrepresentation or omissions. Commercial Collective disclaims all responsibility for any loss or damage caused by reliance by any person on this document or any representation, warranty or statement made by or on behalf of any of the Commercial Collective Entities.
This document is confidential and provided for the sole use of persons given it directly by Commercial Collective. It may not be reproduced, disclosed or circulated to any other person without the express written consent of Commercial Collective. All property outlines and locations indicative only.
ACKNOWLEDGEMENT OF COUNTRY
Commercial Collective pay our respects to the traditional owners, their elders past and present and value their care and custodianships of these lands. Commercial Collective is a proud Newcastle company built on the lands of the Awabakal & Worimi people.