I N D U S T R I A L C OM M E RCIAL PART N E RS NATIONAL PROPERTY GUIDE e d i tio n 1 6
CONTENTS 06
VI C M a rket R ev i ews a n d Prop e r t i e s
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Q L D M a rket Rev i ews a n d Prop e r t i e s
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N SW M a rket Rev i ews a n d Prop e r t i e s
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WA M a rket Rev i ews a n d Prop e r t i e s
VI C PR O PERTY MA R KE T R EVIEW
M ARK BON D from FACEY PROPERT Y
Our market at present is best described by the revolutionary Russian author Lenin “there are decades where nothing happens and there are weeks where decades happen”. Victorian industrial property certainly mirrors this statement.
The need to order and receive goods in a timely manner has been a terrific driver of industrial space. Some describe this as the last mile effect which enhances smaller warehouse investors around these new Distribution Centres in Melbourne’s south-east, west and north.
Industrial land continues to be pushed to record levels thanks to a lack of supply. Vacant properties with appeal are also in high demand irrespective of the minor rate increases. Investors are looking a bit more under the hood but are still aggressive to place their capital in commercial real estate for the right asset.
With the footy season approaching the crowning of another champion team the market is screaming for opportunity and we would encourage all investors to review their assets in this new market. Great opportunities exist and our aim is to help you identify and find them.
Rentals are on the march and recent articles have described growth of 14% in Q2 in Melbourne. From a management perspective we are seeing rental rates pushing well above this, after years of subdued growth thanks to CPI.
“ There are decades where nothing happens and there are weeks where decades happen”. Mark Bond, Facey Property
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INDUSTRIAL COMMERCIAL PARTNERS - NATIONAL PROPERTY GUIDE
FOR SA L E THE ULTIMATE SITES IN DANDENONG SOUTH 21 & 31 A SSEM B LY D R I V E , DA ND EN O N G SO U T H , V I C
• 21 Assembly Drive (Lot Q) – 4,603m² – 66m to Assembly Drive • 31 Assembly Drive (Lot R) – 4,242m² – 44m to Assembly Drive An opportunity to develop two lots in Dandenong’s premium corporate address. The desirable location provides excellent accessibility, bordered by the Monash /South Gippsland Freeway and Princes Highway. Positioned alongside Bunnings, these development sites suit an office or commercial workspace and has a neighbouring premier office building anchored by CFA. The sites adjoin The Village Dandenong neighbourhood retail centre, which includes Woolworths and key specialty retailers. The property is also surrounded by various amenities including a 7-Eleven service station, a car wash, Taco Bell and Carls Jnr.
L AN D AR E A 8 , 8 45m ²
CONTACT M a tt R i ce 0419 87 1 240 m att .ri ce @fa cey p ro p e r ty.co m . au
ZO N IN G Co m m erci a l 2
Ada m S tra ch a n 0499 419 890 adam.strachan@faceyproperty.com.au
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FOR SA L E DO WELL ON WELLINGTON! 14/899 WELL I NGT ON R OA D, R OW V I L L E, V I C For s al e by way o f P u b l i c Au c tion, Wed n esd ay 28th Sep tem be r at 11: 00am • • • •
549m² clearspan warehouse 125m² air-conditioned office 12 car parks on title Great exposure to Wellington Road
This fantastic office/warehouse combination in a highly sought-after Rowville industrial estate is being sold as vacant possession. An unrivalled location with excellent Wellington Rd exposure and convenient access via the Service Rd. Eastlink is a chip shot away, and other significant arterials are accessible within minutes.
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CONTACT
674 m²
M a rk Bo n d 0419 386 882 mark.bond@faceyproperty.com.au
ZO N ING Co mm erci a l 2
Ada m S tra ch a n 0499 419 890 adam.strachan@faceyproperty.com.au
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SOLD UND ER THE H AMME R & B UYE R S N E E D MO RE O PP O RTUNI TY ! 51-53 PROG R E S S S T R E E T, DA NDEN O N G SO U TH , V I C • • • • •
Rare side concrete yard 7m warehouse clearance 3 x Roller doors Monthly tenant in place Freehold title
This freehold office/warehouse featuring a hardstand yard suits occupiers and investors alike. Located just off the Princes Highway, with easy connectivity to the South Gippsland Highway and the Monash Freeway, it is ideally set in an Industrial 1 zoning.
L AN D AR E A 2 ,4 69 m ²
CONTACT M a tt O’ Dea 044 8 5 66 55 6 m att .o d ea@fa cey p ro p e r ty.co m . au
ZO N IN G Co m m erci a l 2
Ada m S tra ch a n 0499 419 890 adam.strachan@faceyproperty.com.au
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FOR SA L E REDEVELOP WITH RESIDUAL INCOME 263-265 PRIN CE S HI GHWA Y, DA N D EN O N G, V I C For s al e by way o f Ex p re s s ion of Interest closin g Thu rsd ay, 15 S e pte m be r at 4 pm . • • • •
Redevelopment with Residual Income Next to The Eastlink Tollway Interchange Frontage of 46m to Princes Highway Current Return $144,080 pa nett
An incredible opportunity to purchase a strategic group of securely leased properties with the potential for redevelopment. The property consists of five units (one tenancy has units 1 and 2 combined) with a total building area of 2,229m² and a total return of $144,080pa + GST & O/Gs.
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CONTACT
4 ,428 m ²
M a tt R i ce 0419 87 1 240 m att .ri ce @fa cey p ro p e r ty.co m . au
ZO N I N G Co mm erci a l 2
Jo sh Ke n da l l 0418 322 443 josh.kendall@faceyproperty.com.au
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FOR SA L E PRIME EXPOSURE L AND 37 C OMMERCI A L D R I V E , PA K E NH AM V I C Conta c t Ag e n t • • • • • • •
Prime industrial land Located in South East Business Park Great freeway exposure 10,010m² corner block Vacant land ready for construction Power on site ready for connection Close to Car Magamart, Toyota, Mazda and Isuzu
Located within Pakenham’s most prestigious industrial estate, Southeast Business Park, there is excellent connectivity via the main arterial roads being Princes freeway and Princes highway.
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CONTACT
1 0,01 0 m ²
Ada m M a r ti n 0409 357 352 a d am .m ar ti n@fa cey p ro p e r ty.co m . au
ZO N I N G In d ustri al 1
Bo sto n Fa cey-Sm i th 0477 975 595 boston.facey-smith@faceyproperty.com.au
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FOR L E A S E POWER & YARD - A RARE COMBINATION! 13 C A HILL STR E E T, DA ND E NONG SO U TH , V I C For Lea se $1 6 0,0 0 0 p e r a n nu m • Significant Power • Large rear hardstand yard • Industrial 2 zoning Opportunity to lease an Industrial 2 site with serious power! Sitting on 3422m² of flat land, the site offers full side driving access to a large hardstand yard at the rear. The building consists of a 174m² single level office and functional factory area of 1100m².
F I ND OUT MORE ABOUT THI S PR O PERTY L AN D AR E A 3 ,42 2 m ²
CONTACT M a tt O’ Dea 044 8 5 66 55 6 m att .o d ea@fa cey p ro p e r ty.co m . au
ZO N IN G In d u stri al 2
Dav i d Po l i ta ki s 044 8 7 26 313 d av i d .p o l i taki s@fa cey p ro p e r ty.co m . au
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Q LD PR O PERTY MA R KE T R EVIEW
RICH ARD BL AN CH from FAL PROPERT Y GROUP
Rising interest rates and inflation are on the tip of everyone’s tongues in the retail sector at present and, not surprisingly, the level of activity in sales and leasing has slowed considerably since the first rate hike was announced. Discretionary retailers are expected to take the biggest hit in the coming months so we expect the interest in neighbourhood centres with a strong, non-discretionary flavour to continue to sell for sharp yields. We are already seeing yields soften considerably on secondary stock with weaker tenant profiles and WALE’s, and investors are back to looking for the ‘value add’ and ‘upside’ in investment stock. This trend is also evident in yields for medical tenanted assets and service stations, with childcare bucking the trend and smaller, boutique centres in particular still trading at similarly tight yields to six months ago. There has been a renewed interest in service stations however, with investors looking for safe returns in uncertain economic times. This follows the wane in interest due to the influx of electric vehicles, and the popular consensus that as that market grows people will charge their vehicles at home, work or shopping centres.
We do expect yield stability in regional truck stops due to the comparatively softer yields to metropolitan stock, as well the transports industry’s reliance on diesel. So the consistent trend between retail tenants and investors alike is a flight to quality. Secondary tenancies without foot traffic and exposure are sitting on-market for longer while superior stock is still leasing at very healthy sqm rates. Quality investments are still in high demand, but investors are more discerning and are pricing in far greater risk for anything that has hairs on it, a sharp contrast to 6 months ago.
“Investors are back to looking for the ‘value add’ and ‘upside’ in investment stock.” Richard Blanch, FAL Property Group
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FOR SA L E
3,081SQM L ANDMARK SI TE
44-48 D ougl a s S t, M i lt on, QLD EOI en di n g 1 2 p m 7t h O c to b er 2022 • • • • • •
Fully leased net income estimate of approximately $652,479 pa Demolition clauses in most current leases Diversified risk with multiple tenants across office and retail Sits between two main west arterial roads with ease of access to the CBD and M1 Pacific Motorway Surrounded by an abundance of amenity including Milton Village, Rosalie Village, Park Road precinct and Suncorp Stadium Solid holding income for the developer
An exceptionally rare 3,081sqm parcel over two titles, with 2,310sqm of current NLA (including storage) and 30 car spaces. A suitable opportunity for the owner occupier that wants to keep it as is, with multiple tenants across office and retail or for the investor that has an eye to develop, taking advantage of its large land parcel just 1.3km from the CBD.
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CONTACT
2 , 3 1 0 s qm sqm
Ph i l Leve sq ue
L AN D AR E A 3 ,0 8 1 sqm
0432 471 144 phil@falproperty.com.au
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INDUSTRIAL COMMERCIAL PARTNERS - NATIONAL PROPERTY GUIDE
FOR SA L E STAFFORD SERVICE HUB 274 Sta fford R oa d, S ta ffor d Q L D EOI cl o si n g 1 2 p m 1 4 O c to b er 2022 • Purpose built Veteran health and welfare facility • 7 Year leases to the Federal Government (Department of Veterans’ Affairs & RSL Queensland) • Returning $1,114,046.50 P.a Net + GST • Brand new development with significant depreciation benefits • 76 Onsite carparks, 41 secure & undercover • Practical completion Q1 2023 274 Stafford Road, Stafford is the flagship Veteran health and wellbeing centre in Brisbane. Purpose built for RSL Queensland, The Department of Veterans’ Affairs and Open Arms, the premises consists of 2,229sqm over two levels which will facilitate mental health services, counselling, psychological consults, physio and more.
F I ND OUT MORE ABOUT THI S PR O PERTY BU IL DING AR E A 2 , 2 2 9 sqm
CONTACT Da n i e l H utch i n so n 0434 314 624 daniel@falproperty.com.au
L AN D AR E A 3 ,655 sqm
Ph i l Leve sq ue 0432 471 144 phil@falproperty.com.au
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FOR SA L E
NATI O N AL T E N AN T | 6 .6% YI E LD
LOT 3/5 Ga rd ne r Clos e , M i lt o n , Q L D $ 4 ,000,000 ( n i l G ST s o l d a s a goin g con cern) • Rare investment opportunity • Less than 2kms from the CBD • Generous parking ratio 1:53sqm A superb inner city investment opportunity less than 2km from the Brisbane CBD that is underpinned by the security of a National Tenant. Located just a stone’s throw away from major arterial roads, public transport (ferry, bus and train) and with iconic cafes and restaurants all within walking distance, this property is a must see. - $331,280 pa gross + GST (NET income $262,800 pa + GST) - Tenant pays outgoings - 3 year lease commencing 1/11/22
F I ND OUT MORE ABOUT THI S PR O PERTY BU IL DING AR E A 8 0 8 sqm
CONTACT Je re my Co ny b ea re 0411 228 233 jeremy@falproperty.com.au
ZO N IN G MU 1 Mi xed use (In n er ci ty )
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FOR SA L E
FR EE H O LD ME D I CAL I NVE ST M ENT I N GROWT H CO RRI DO R
33 Smiths Roa d, Good na , Ql D Ex press i ons o f i n te re s t cl o s in g 12p m 12th O c tob er 2022 • 5.3 Year WALE • $349,220 + GST Net Income • Major Centres Zoning Located opposite Goodna Marketplace and neighbouring major national retailers including Repco, Mcdonalds, Super Cheap Auto and Cash Converters. The site presents an opportunity to acquire a substantial freehold with future development upside (STCA*) in a high growth area.
F I ND OUT MORE ABOUT THI S PR O PERTY BU IL DING AR E A 1 ,1 0 0 s qm
CONTACT Ph i l Leve sq ue 0432 471 144 phil@falproperty.com.au
L AN D AR E A 3 ,7 97 sqm ZO N IN G Ma j o r Centres
C h a rl i e H o p p e r 0438 822 655 charlie@falproperty.com.au
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FOR L E A S E
RARE MEDICAL FACILITY AVAIL ABLE FOR LEASE 18 Spring fiel d L a k e s B ou le va r d, Sp r i n g f i el d L ak es, Q L D Lea se: $328 , 80 0 pa . n e t + GST • • • •
Approx. 822sqm available over two levels 40+ car parks Over 15 consulting rooms in situ Potential for split tenancies
18 Springfield Lakes Blvd is a rare opportunity to secure a ready to occupy medical centre over 822sqm across two floors. There are over 15 consulting rooms, receptions and amenity on both floors, and over 40 car parks. Springfield is on of Australia’s largest master planned communities and continues to grow off the back of interstate migration, making it an ideal location for expansion into the Queensland market.
F I ND OUT MORE ABOUT THI S PR O PERTY BU IL DING AR E A 8 2 2 s qm
CONTACT R i ch a rd Bl a n ch 0403 093 122 richard@falproperty.com.au
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INDUSTRIAL COMMERCIAL PARTNERS - NATIONAL PROPERTY GUIDE
FOR L E A S E 3,528sqm COLDSTORE/FREEZER FACILITY 83 Med way St r e e t, R ock le a , Q L D $9 00,000 p. a . n e t + G ST • Fully functioning freezer facility • Massive coldstore capacity Offered for lease for the first time ever, FAL Property Group presents 83 Medway Street, Rocklea. This property is a 3,528sqm coldstore/freezer facility on a 5,829sqm site. Just meters from the Brisbane Markets, this facility is a rare opportunity to lease a fully functioning freezer facility. Featuring a massive coldstore capacity for up to 3,490 pallets at -22 degrees, plus a further 415 pallets in the dry and ante rooms at 0 degrees
F I ND OUT MORE ABOUT THI S PR O PERTY BU IL DING AR E A 3 ,52 8 sqm
CONTACT Jo h n A n drew 0488 018 998 john@falproperty.com.au
L AN D AR E A 5 , 8 2 9 s qm ZO N IN G Low im pa c t i n dustr y
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FOR SA L E
FU LLY FUNCTI ONI NG TI MB E R MIL L IN RO M A
7 Two Mile R oa d, R om a , QL D For S al e O f fe rs to P u rch a s e • • • • • •
Massive Land area 3.63ha Weighbridge 60 tonne with electronic reader Hino diesel water trucks 5,000L tank & pumps (x 2) Primary saws x 2: large log saw & small log saw Shipping containers for storage (x 10) Diesel tank 2,000L upright cylinder
This is a unique opportunity to purchase a fully functioning timber mill, 450km west of Brisbane and easily accessible by road and rail. Situated on a 3.63ha^ site, this mill is complete with top-of-the-line machinery including dressing shed, timber saws, welders, air compressors, Hino water trucks and 40,000L water tank with electric pump. The mill processes timbers for manufacture of furniture products, flooring, cabinetry
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CONTACT
3 6 , 3 00 sqm
Jo h n A n drew
ZO N I NG In d u s tri al
0488 018 998 john@falproperty.com.au
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INDUSTRIAL COMMERCIAL PARTNERS - NATIONAL PROPERTY GUIDE
FOR L E A S E WO OLWORTHS ANCHORED SHOPPING CENTRE B eaud esert Ce nt r a l , 125-143 B r i sb an e St r eet, B eau d eser t, Q L D S h o p 1 2 - $6 5,0 0 0.0 0 p. a . n et + GST S h o p 1 - $35,4 0 0.0 0 p. a . n e t + GST • • • •
Two Tenancies Available Food & beverage and retail tenancies available Signage opportunities Excellent customer parking
Shop 12: 50sqm to 109sqm tenancy, currently suited to restaurant/takeaway uses, kitchen space & cold room included, easily converted to Medical/Retail/Office Shop 1: Former hairdressing salon, great signage and exposure, 58sqm tenancy
F I ND OUT MORE ABOUT THI S PR O PERTY BU IL DING AR E A 5 0 - 1 0 9 sqm
CONTACT Da n i e l H utch i n so n 0434 314 624 daniel@falproperty.com.au
L AN D AR E A 2 , 2 93 sqm ZO N IN G IN 2 In dus tr y (G e n e ral In dustr y B)
R i ch a rd Bl a n ch 0403 093 122 richard@falproperty.com.au
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N SW PR O PERTY MA R KE T R EVIEW
CH RIS SULLY from lin k p ropert y servi ce s
The Sydney Industrial market remains incredibly strong in the face of the five (5) consecutive interest rate rises since May 2022, with more rises potentially in the months ahead. The fundamentals remain as they have for the last 12 months – Low to no vacancies – reportedly the “tightest market in the world”, high occupancy, strong customer demand and low levels of supply. However, there are some signs of uncertainty creeping into the market as businesses wait to see where interest rates will peak. Sales • The impact interest rate increases and rent growth over this calendar year have had an effect on investors with some privates and larger institutions not being as aggressive. They have elected to sit back as they analyse the market and balance the impact on rental growth against the higher cost of funding. •
Owner-occupiers remain aggressive in their hunt for their next premises, particularly within the sub $10 million price point.
•
Recent noteworthy sales in Sydney include: Unit 8, 476 Gardeners Road Alexandria – a 1,908sqm strata unit sold off-market for $9.75m 6 Cobar Place Gregory Hills – a three (3)-unit development totaling 1,817 sqm, sold for $7.2m Leasing Leasing stock remains extremely tight in all markets and all size ranges. There has been a significant jump in the rentals achieved in all areas, as owners and tenants adjust to the limited supply. Some owners have now switched to a Price on Application for their leasing stock, to maximise their returns.
Any existing leases without a near term market review will have fallen behind the current market. Rent reviews over the course of the last 9 months have moved from fixed increases of circa 3.5% to the greater of CPI or 4% with CPI giving property owners rental growth they have not experienced for many years. Our view is that the market will remain strong for the remainder of the year, with new speculative leasing stock quickly absorbed by existing demand. Capital values are likely to peak, along with an evening out of rental rates. However, outgoings will continue to rise sharply in line with the substantial uplift in land values over recent years. Looking ahead, the fundamentals for industrial property remain positive, with significant capital looking to invest, once the uncertainty of interest rate movements abates.
“... Low to no vacancies – reportedly the “tightest market in the world”, high occupancy, strong customer demand and low levels of supply.” Chris Sully, Link Property Services
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FOR L E A S E
ALEXANDR I A – 1, 470 TO 2 ,0 0 4 S Q M
U n its 1 & 2, 1 0 B r a d fo r d S t r e e t, Al e x an d ri a , N SW CO N TACT AG ENTS FO R PR ICING • Refurbished office • Up to 9.1m clearance • Great location This modern industrial estate is located between Botany Road and O’Riordan St and moments to Gardeners Rd. The property provides easy access to the nearby air and sea ports, as well as the Sydney CBD via the Eastern Distributor. The property is well serviced with Sonoma Bakery and Bourke Street Bakery both within walking distance.
F I ND OUT MORE ABOUT THI S PR O PERTY BU IL DING AR E A 1 ,470 – 2 ,0 0 4 sqm
CONTACT A r ti e Ka l p i di s 0403 383 333 ar ti e .kal p i d i s@l i nkp s.co m . au
ZO N IN G
C h ri s S ul l y 0439 383 444
B7 B u s i n ess Pa rk
chri s.sul l y@l i nkp s.co m . au
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FOR S A L E
IND U ST R I AL UN I TS S E LLI N G OFF T HE PL AN
236sqm - 1 ,056sqm
4 White Cliffs Ave nu e , Gr e gory H il l s, N SW CO N TACT AG ENTS FO R PR ICING • Completion mid 2023 • Within close proximity to main arterial roads • Covered awnings Gregory Hills Industrial Estate provides excellent connectivity. The Estate has direct access to Camden Valley Way and is within close proximity to the Northern Road. Both of these arterials provide access to the future Western Sydney Airport growth precinct, as well as Leppington Station, Hume Highway, M5 and M7 Motorways.Selling off the plan with estimated completion scheduled for mid 2023. Unit sizes ranging from 236 sqm to 1,056 sqm.
F I ND OUT MORE ABOUT THI S PR O PERTY BU IL DING AR E A 2 3 6 .1 5 – 1,0 5 6 sqm
CONTACT M i ch a e l M i l e to 0410 697 393 m i cha e l .m i l e to @l i nkp s.co m . au
ZO N IN G IN 1 G en eral In dustri al
Pa ul M i l e to 0406 535 5 69 paul .m i l e to @l i nkp s.co m . au
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INDUSTRIAL COMMERCIAL PARTNERS - NATIONAL PROPERTY GUIDE
FOR SA L E FREESTANDING WAREHOUSE/OFFICE 21 A ma x Ave nu e , Gi r r awe e n, N SW Ons i te Au c t i o n @ 1 :30 p m 22 Sep temb er 2022 • Comprises 3 industrial units on one title: Unit 1 - 893.6 sqm, Unit 2 - 331.7 sqm, Unit 3 - 361 sqm • Highly accessible location • Potential to strata subdivide (STCA) The location benefits from fast access to the Great Western Hwy, leading to the M4 and M7 Motorways. A modern freestanding high clearance warehouse and office building, having a total gross floor area of 1,586.3 sqm. It has been constructed such that it could be strata subdivided (subject to council approval), with each having separate high clearance warehouse and office components.
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CONTACT
1 ,5 8 6 . 3 sqm
M a tth ew H e rre tt
L AN D AR E A 3 ,0 8 3 s qm ZO N I NG IN 2 L i ght In dustri al
0457 3 8 3 3 8 3 matt h ew.h e rre tt @l i nkp s.co m. au
M a rk Ca dm a n
045 8 3 8 3 3 8 3 mark .ca d man@l i nkp s.co m. au
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FOR SU B-L EA S E WAREHOUSE/OFFICE INCLUDING RACKING Warehouse 2 , 1 8 -2 4 A b b ot t R oad, SE V E N H IL L S, N SW CO N TACT AG ENTS FO R PR ICING • Near new • Racking available • Lease term up until January 2025 Situated approximately 40kms from the CBD along the M2 Motorway in a well established industrial location. A near new high quality industrial facility that features up to 13.7m approximately high clearance warehousing. Access to the warehouse is via 3 on grade roller shutter doors plus 2 recessed docks. Offices are modern & well equipped with amenities. The property offers outstanding presentation plus excellent access.
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CONTACT
4 ,4 45 sqm
M a tth ew H e rre tt
ZO N IN G
M a rk Ca dm a n
IN 1 G en eral In dustri al
0457 3 8 3 3 8 3 matt h ew.h e rre tt @l i nkp s.co m. au
045 8 3 8 3 3 8 3 mark .ca d man@l i nkp s.co m. au
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FOR L E A S E CENTRAL WESTERN SYDNEY LOCATION U n it 2, 25 Loya lt y R oa d, No rth Ro c ks, N SW $135 ps m n e t • Available to occupy now • High quality office fit-out • ESFR sprinklered warehouse Located on the northern side of Loyalty Road down the very end of the street. Good feeder access to major arterial roads such as James Ruse Drive, Victoria Road and the M4& M2 Motorways, as well as North Connex. Functional & presentable development, with the majority of the building area is of concrete panel construction (offices are of brick construction), with steel portal frame and insulated metal deck roof.
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CONTACT
3 ,45 6 . 2 sqm
Eva n Ka l l i a s
ZO N I NG
M a rk Ca dm a n
IN 1 Gen eral In dustri al
04 8 8 3 8 3 8 3 1 evan.kal l i as@l i nkp s.co m. au
045 8 3 8 3 3 8 3 mark .ca d man@l i nkp s.co m. au
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FOR SA L E PRIME INDUSTRIAL L AND PARCEL Ac ce ss E stat e , Lot 1 5 , 8 8 4 -9 2 8 Ma mre Roa d, K e mp s C re e k , N SW S AL E VI A EXPR ESSI O N O F INTE R E ST • EOI closing 22 Sept 2022 • Benched serviced land • Ready for development Lot 15 is situated within the up and coming subdivision of Access Logistics Park. Developed by Altis Property Partners Lot 15 is located within the Mamre Road Precinct close to the gateway to Western Sydney Airport. Surrounding owners include Mirvac, ESR, Frasers, Fife Capital, Stockland, GPT, Gibb Group, ISPT, Dexus and Altis Property Partners. Major organisations that now occupy in the vicinity of Lot 15 include: Silk Logistics, Northline, McPhee Transport, Amazon and Microsoft.
F I ND OUT MORE ABOUT THI S PR O PERTY L AN D AR E A
CONTACT
1 .7 h a
M a tth ew H e rre tt
ZO N IN G IN 1 G en eral In dustri al
0457 3 8 3 3 8 3 matt h ew.h e rre tt @l i nkp s.co m. au
Pa ul M i l e to 0406 535 5 69 paul .m i l e to @l i nkp s.co m . au
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FOR L E A S E FULLY FIT TED - OUT CORPORATE OFFICE SPACE B u ilding F, 3 -2 9 B i r ni e Ave nue L i d c o mb e , N SW $ 225 ps m n e t • Fitted-out with workstations & boardroom • Flexible commercial terms available • Underground security car spaces This commercial development is situated on the south western corner of Parramatta Road and Birnie Avenue. Located in close proximity to Lidcombe train station, local cafes and eateries. High quality office accommodation plus secure basement car parking in superior quality Business Park.
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CONTACT
1 , 268 sqm
Eva n Ka l l i a s
ZO N I NG
M a rk Ca dm a n
IN 1 Gen eral In dustri al
04 8 8 3 8 3 8 3 1 evan.kal l i as@l i nkp s.co m. au
045 8 3 8 3 3 8 3 mark .ca d man@l i nkp s.co m. au
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WA PR O PERTY MA R KE T R EVIEW
CH RIS CH E SK Y from MLV REAL E STATE
Industrial property experienced buoyant conditions across
Amidst this land supply shortage, developers and occupiers
the first half of 2022, and despite the onset of consecutive
are fighting to acquire well-located rural/rural residential lots
interest rate rises and high inflation, the sector remains
that offer scope for re-zoning to ‘industrial’ in the future.
well placed to navigate these challenges. Rental demand remains robust and a limited supply of warehousing, logistics and manufacturing space continues to underpin the circa 20% rental growth experienced across the last 12 months. MLV Research in the core suburbs reveals
Despite the likelihood of further interest rate rises impacting debt serviceability, we expect the WA industrial market to remain resilient going forward, underpinned by strong rental demand, Perth’s favourable yield differential and investors positive perception of industrial property as an asset class.
net face rents averaging $110/sqm -$120/sqm, and modern purposed built facilities achieving in excess of $120/sqm. Yields compressed to record lows in the first half of 2022, with prime yields in the vicinity of 5.00%-5.50%, and secondary
“We expect the WA industrial market to remain resilient going forward”
stock ranging from 6.00%-6.75%, however it is anticipated that yields have stabilised, and may soften accordingly due to the rising cost of capital. With a limited supply of both built form product or land for design and construct or speculatively built developments in core areas, land values remain elevated and fringe/secondary areas have risen appreciably for the first time in many years.
Chris Chesky, MLV Real Estate
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INDUSTRIAL COMMERCIAL PARTNERS - NATIONAL PROPERTY GUIDE
FOR SA L E UNPARALLELED EASTERN CORRIDOR L AND 44, 56 & 66 B r o o k R oa d, WAT TL E G ROV E , WA Ex press i ons o f I n te re s t , Co nta c t Agent • • • •
44 Brook Road (L63) = 36,928 sqm 56 Brook Road (L64) = 36,928 sqm 66 Brook Road (L65) = 36,902 sqm Total Land Holding = 110,758 sqm
44, 56 and 66 Brook Road Wattle Grove are three rural lots comprising 110,758 sqm with expansive frontage. The three lots are to be sold in ‘one line’ and give a purchaser an remarkable opportunity to acquire a significant Industrial (subject to approval) landholding in Perth’s highly coveted Eastern Corridor. The lots fall under the MKSEA Structure Plan which has been driven by the City of Gosnells to undergo a re-zoning to Light Industry (STCA).
F I ND OUT MORE ABOUT THI S PR O PERTY L AN D AR E A 1 1 0,75 8 s qm
CONTACT Ste fa n Q ua re si m i n 0421 929 686 squaresimin@mlv.com.au
ZO N IN G Sp e c i al R ural (M RS In dus tri al )
Dav i d L a m b 0411 597 952 davelamb@mlv.com.au
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INDUSTRIAL COMMERCIAL PARTNERS - NATIONAL PROPERTY GUIDE
FOR SA L E RARE DEVELOPMENT OPPORTUNITY 52 Peel Road, O ’C O NNO R , WA $1, 925 ,000 + G ST • Rare 3,108 sqm of land • Buildings allowing for income • Huge development opportunity The improvements are older style and include concrete floors, iron clad elevations, and asbestos roofs. A single floor office is located to the front of the building and is inclusive of a meeting room & reception area. To the rear of the offices is the warehouse. To the rear of the office is one of three small warehouses which has a total area of 500 sqm. Located on the site are two other smaller warehouses each having an area of 120 sqm and 245 sqm respectively.
BU IL DING AR E A 8 65 sqm
CONTACT Ste fa n Q ua re si m i n 0421 929 686 squaresimin@mlv.com.au
L AN D AR E A 3 ,1 0 8 sqm ZO N IN G G E N E R AL INDU ST RY
Dav i d L a m b 0411 597 952 davelamb@mlv.com.au
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INDUSTRIAL COMMERCIAL PARTNERS - NATIONAL PROPERTY GUIDE
FOR SA L E INVESTMENT - NEAR NEW FULLY FIT TED OFFICE 19 Casp ian T e r r ace , CA NNI NG VAL E , WA $1, 25 0,000 ( Ni l G ST - So l d a s a Goin g Con cern) • • • •
Adjoining major shopping centre Freehold site Off-street parking Fully leased with three (3) Tenants
Office 1st Floor: 165 sqm Office Ground Floor: 170 (inc Foyer)
F I ND OUT MORE ABOUT THI S PR O PERTY BU IL DING AR E A 335 sqm
CONTACT Ste fa n Q ua re si m i n 0421 929 686 squaresimin@mlv.com.au
L AN D AR E A 3 8 9 sqm
Dav i d L a m b 0411 597 952 davelamb@mlv.com.au
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INDUSTRIAL COMMERCIAL PARTNERS - NATIONAL PROPERTY GUIDE
FOR SA L E
2 ,049 S Q M I N D UST R I AL S I T E FO R S ALE
50 Mac e d oni a S t r e e t, NAVA L BASE, WA $ 52 5 ,000 ( N O G ST - OWNE R NOT R EGISTE R E D ) • Compacted Limestone Base (circa 150mm thick) • Perimeter Fencing • Two Access Gates Situated approximately 28 kilometres southwest of the Perth CBD, the subject property is located within the established industrial precinct of Naval Base. Fremantle Port is 16.5 kilometres away allowing for easy transportation of sea containers and freight. In this location, the site benefits from being within in 1 kilometre from Anketell Road and 7 kilometres from the Kwinana Freeway. Access to the Naval Base industrial area is via the Kwinana Freeway South & Anketell Road or alternatively Rockingham Road via Stock Road.
F I ND OUT MORE ABOUT THI S PR O PERTY L AN D AR E A 2 ,0 49 sqm
CONTACT Ste fa n Q ua re si m i n 0421 929 686 squaresimin@mlv.com.au
Dav i d L a m b 0411 597 952 davelamb@mlv.com.au
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INDUSTRIALCOMMERCIALPARTNERS .COM
Whilst every care has been taken in respect of the information contained herein, no warranty is given as to it accuracy. Prospective Purchasers / Tenants should make their own enquires to satisfy themselves of all aspects of the contents. Proves may be subset to change without further notification. All measurements are approximate. All prices exclude Outgoings and GST unless stated.