Industrial Commercial Partners - National Property Guide | Edition 15

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 5

CONTENTS 06

WA 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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Q L D M a rket Rev i ews a n d Prop e r t i e s

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VI C M a rket R ev i ews a n d Prop e r t i e s

WA PR O PERTY MA R KE T R EVIEW

CH RIS CH E SK Y from MLV REAL E STATE

Perth’s industrial market has continued to strengthen into 2022, coming off the back of strong growth over the past 12 months, with improved sentiment, lower vacancy, rising rents and yield compression – the result of unprecedented levels of demand from owner occupiers and investors alike.

WA’s strong COVID recovery has had a flow on effect for a variety of industries, particularly those servicing the resources sector which has created strong competition between owner occupiers. At the end of 2021, there was approximately 690,000sqm of vacant industrial stock across the total Perth market in all size ranges. In the corresponding 2020 period, there was over 1,100,000sqm of stock vacant. This rapid absorption of stock is the highest recorded in the past 5 years.

The leasing market experienced a resurgence in 2021 after many years of subdued activity. Rents have risen appreciably across the last 12 months, with core areas such as Welshpool, Kewdale and Canning Vale currently achieving face rents of $105/sqm-$115/sqm, and modern purposed built facilities achieving in excess of $120/sqm. The growth in rents reflects increasing tenant demand and limited supply of both built form product or land for design and construct or speculatively built developments. Accordingly, leasing incentives have continued to decline in the later part of 2021, with incentives reflecting between 0%-8%, which we expect to continue to recede with improving market conditions.

The demand for leased investments remains extremely buoyant, with several recent sales by MLV Real Estate reflecting yields in the order of 5.5%, which are historically unprecedented in the context of the Perth Industrial market.

Yields have compressed across all stock with prime yields having contracted to 5.00%-5.75%, reflecting approximately a 50bps compression year to date. Demand has been driven the low cost of borrowing and more favourable yielding investments compared to the Eastern seaboard. Secondary stock yields have also firmed across the last 12 months, in the order of 6.00%-6.75%.

The opening of WA boarders is expected to bring more certainty to businesses who have struggled with skills and materials shortages during the boarder closure, which is considered to further contribute to the buoyant market conditions that have arisen across the Perth’s industrial market in the last 12 months.

“...unprecedented levels of demand from owner occupiers and investors alike.

Chris Chesky, MLV Real Estate

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INDUSTRIAL COMMERCIAL PARTNERS - NATIONAL PROPERTY GUIDE

FOR SA L E RARE EARTH! CORRIDOR SITE IN MADDINGTON 624 BICKELY R OA D, M A D D I NGTO N , WA $ 6 , 200,000 + G ST • Total Site Area: 19,653 sqm • Zoning: Business Development (General Industry Structure Plan in place) Located within the Maddington Industrial Area, the site is comprised of 19,653 sqm with a combined total frontage of 128 metres. Ideally positioned at the end of Bickley Road, the site benefits greatly from being within 600m of the Kelvin Road / Tonkin Highway intersection, permitting efficient access to the Perth metropolitan area. The Eastern Corridor is deprived of developable land and this strategic opportunity should not be missed.

F I ND OUT MORE ABOUT THI S PR O PERTY L AN D AR E A 1 9,653 m2

CONTACT Ste fa n Q ua re si m i n 0421 929 686 squaresimin@mlv.com.au

ZO N IN G

Dav i d L a m b 0411 597 952

Bu s i n ess Devel opm ent davelamb@mlv.com.au (G e n e ral In dustr y St r u c ture P l a n i n pl a ce)

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INDUSTRIAL COMMERCIAL PARTNERS - NATIONAL PROPERTY GUIDE

FOR L E A S E BE QUICK! 32 Tennant S t r e e t, WE LS H PO O L , WA $120,000 p/a + G ST + O/G • • • • •

Prime Welshpool Location Available Mid-April Freehold Site High Quality Finishes Clear Span / High Truss Warehousing

The newly built premises is constructed of concrete floors, footings and tilt-panel walls. The roof is insulated with translucent sheeting provided for ample natural light as well as LED lighting. Truss height is a minimum 7.3m with a maximum truss height of circa 7.8m, clear-span, high truss warehousing allows for maximum volume and excellent storage options.=

F I ND OUT MORE ABOUT THI S PR O PERTY BU IL DING AR E A 1 ,0 57 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 1 , 3 66 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 IDEAL LEASED INVESTMENT - LONG TERM LEASE 12-16 Robert S t r e e t, B E LLE VUE , WA $1, 25 0,000 ( Ni l G ST - So l d a s a Goin g Con cern) • • • •

5 Year lease (from 1st February 2021) Annual Rent Reviews (annual 2% Increases, Market at Option) 5 Years + 2 + 2 + 2 Passing Rent $58,140 pa + GST and Outgoings

The premises is located on Robert Street, off Bellevue Road. More particularly the site is near the intersection of Roe Highway and Great Eastern Highway, contained within the south-east. In this location the site benefits immensely from being within close proximity to major arterial road servicing the Perth metropolitan area and fringe industrial suburbs of Perth.

F I ND OUT MORE ABOUT THI S PR O PERTY BU IL DING AR E A 63 0 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 1 ,5 1 4 s qm 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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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, 29 5 ,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 L E A S E

U NR IVALE D EXPO S UR E

68 BA NNISTER R OA D, CA NNI NG VAL E, WA $15 0,000 P/A + G ST & O/G • Unrivaled Exposure • Two Street Frontage (Bannister Road & Bannick Court) • Accessible Warehouse via 3 Roller Doors MLV Real Estate, is pleased to present to market the immaculate 68 Bannister Road, a clear-span, high truss, concrete tilt panel warehouse facility that boasts unrivaled exposure and two street access. In this location, the premises benefits immensely from being just 1.2km’s away from Roe Highway and 12km’s away from the Perth International Airport..

F I ND OUT MORE ABOUT THI S PR O PERTY BU IL DING AR E A 1 ,43 9 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 2 ,62 5 sqm

Dav i d L a m b 0411 597 952 davelamb@mlv.com.au

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N SW PR O PERTY MA R KE T R EVIEW

K YLE DE WE Y from lin k propert y servi ce s

Despite the 2021 challenges many faced, the Sydney Industrial Market remained remarkably resilient. Demand outstripped supply across all Sydney metropolitan markets, both with leasing and purchasing.

Take up of space on the leasing front has occurred at a rapid pace as companies increase inventory due to ongoing supply chain issues. This has left some industrial markets with very few opportunities for tenants.

Rents are clearly on the increase and incentives continue to decline as supply remains tight. Capital values for both vacant possession & investment sales continue to increase, again due to an imbalance between demand and supply and of course, with the low cost of capital.

Some highlights for Link in quarter 1 included the following: •

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Settlement occurred over an ex-Officeworks site on Canterbury Road, Punchbowl. The 1,655 sqm prominent freehold showroom/warehouse premises on 3,650 sqm of land had development upside with DA approval for 62 residential units. The premises sold via EOI for $8M. The sale of 7-11 Greenfield St, Botany, an older style factory in close proximity to the air and sea ports that sold for $8.35m through a hotly contested EOI campaign just prior to Christmas.

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Leases were signed over 5,300 sqm at 1 Kellicar Rd Campbelltown at $140 psm gross.

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Contracts were exchanged over a 1,940 sqm office/ warehouse at Mount Kuring-Gai.

We expect the industrial market to remain strong, however we do believe the pressure of inflation and higher interest rates could cool the sales market and push potential owner occupiers back to the leasing market.

Our thoughts and best wishes are with those recently affected by the floods in NSW and Queensland. Link recently did their part by making a substantial donation to the Salvation Army to assist those in need and we hope this makes a difference in some small way.

“Demand outstripped supply across all Sydney metropolitan markets, both with leasing and purchasing.”

Kyle Dewey, Link Property Services

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INDUSTRIAL COMMERCIAL PARTNERS - NATIONAL PROPERTY GUIDE

FOR SA L E

FUNCTI O NAL , WEL L CO NSTR UCT E D FR E E STA N D E R

21-23 P hilli p S t r e e t, K i ngs w o o d, N SW AU CTI O N – 2 8t h A p ri l 202 2 • • • •

7.53m - 8.58 m warehouse clearance 1 container height roller shutter Option for gantry crane to be installed 8-10 onsite car spaces

Situated on the western side of Phillip Street between Copeland St & Cox Avenue. Easy flat 600m walk to Kingswood Train Station & only 600m to the Great Western Highway & 4km to the M4/The Northern Rd Interchange. With Penrith CBD only 1.5km away, this property is conveniently located to all the amenities/benefits a CBD affords.

F I ND OUT MORE ABOUT THI S PR O PERTY BU IL DING AR E A 1 , 2 5 0 s qm

CONTACT M a rk Ca dm a n 045 8 383 383 m ark .ca d m an@l i nkp s.co m . au

L AN D AR E A 1 ,5 69 sqm ZO N IN G IN 1 G en eral In dustri al

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INDUSTRIAL COMMERCIAL PARTNERS - NATIONAL PROPERTY GUIDE

FOR S A L E

S U B STAN T I AL ST R AT EG I C INFRAST RUCTURE & LOG I ST I CS D EVE LO PME N T O PP O RTUNI TY

HU MEONE , 50 6 9 Hu m e Hi gh way, Tarc u t ta N SW CO N TACT AG ENTS FO R PR ICING Situated along the Hume Highway Tarcutta, the midway point between Melbourne and Sydney. The property is strategically positioned within the mandatory rest break zone for heavy vehicle drivers & only 14km south of the Sturt Hwy turnoff, leading to Adelaide/Perth. The property has outstanding frontage to the Hume Highway, in both directions.

Humeone is a DA approved infrastructure industrial development opportunity featuring north bound & south bound frontages to the Hume Hwy. The property will be Australia’s largest highway service centre & can be developed to include a substantial heavy vehicle change over facility..

F I ND OUT MORE ABOUT THI S PR O PERTY L AN D AR E A 2 8 h ec tares

CONTACT M a tth ew H e rre tt 0457 383 383 matthew.herrett@linkps.com.au

M a rk Ca dm a n 045 8 383 383 m ark .ca d m an@l i nkp s.co m . au

A r ti e Ka l p i di s 0403 383 333 artie.kalpidis@linkps.com.au

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INDUSTRIAL COMMERCIAL PARTNERS - NATIONAL PROPERTY GUIDE

FOR SA L E RARE INVESTMENT OPPORTUNITY 24-28 & 30-3 2 R aym o nd Ave , M atrav i l l e , N SW Ex press i ons o f I n te re s t 2 8 t h Ap ril a t 4p m, 2022 • Up to 11m internal clearance • $716,534 p.a net income • Huge depreciation A rare opportunity to purchase a landmark freehold South Sydney Investment property just moments from the Air and Sea Ports with long term leases. Opportunity to purchase in one-line or individually.

F I ND OUT MORE ABOUT THI S PR O PERTY BU IL DING AR E A 1 , 249 to 3 , 3 02 s qm

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

L AN D AR E A 1 ,694 to 3 ,915 s qm ZO N IN G IN 1 G en eral In dustri al (SEPP T hree Por ts 2013)

C h ri s Sul l y 0439 383 444 chri s.sul l y@l i nkp s.co m . au

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Q LD PR O PERTY MA R KE T R EVIEW

CH ARLIE H OPPE R from FAL PROPERT Y GROUP

The Brisbane industrial market has enjoyed a steady increase in demand from both tenants, owner occupiers and investors over the past 12 months. The openness of travel around the Brisbane area has been a large contributing factor to investors eyeing off tight yields in the Sunshine State.

The recent floods that have devastated some parts of Brisbane will continue to drive demand for properties that are not in flood affected areas. The hardest hit has been the central south suburbs, with Rocklea facing the brunt of the wild weather.

The southwest industrial suburbs of Brisbane maintain some of the lowest vacancy rates in recent history. Facing much less water than what was seen in 2011, areas like Sumner and Seventeen Mile Rocks have continued to prosper in all size ranges.

Although a rocky start to 2022 for the people of South-East Queensland, the property market continues to show strength and we expect consumer confidence will remain high.

We expect to see the continued tightening of yields in long WALE flood free properties across all asset classes. Those that are in a position to sell their assets are looking at midterm plans of liquidating at the top of the market and buying back in when interest rates inevitably rise.

“ The Brisbane industrial market has enjoyed a steady increase in demand from both tenants, owner occupiers and investors over the past 12 months”

Recent sales and lease transactions from FAL Property Group provide sound market evidence that fast turnaround, unconditional sales and long lease terms are still the trend of the market.

Charlie Hopper, FAL Property Group

In light of recent weather events, we expect that more attention to detail will be taken when investors and owner occupiers look at purchasing sites, with significant decreases in value expected on properties that have been inundated.

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INDUSTRIAL COMMERCIAL PARTNERS - NATIONAL PROPERTY GUIDE

FOR L E A S E

M U LT I PLE T E N AN C I E S AVAIL AB LE AT T HE GAP VI LL AGE

Th e Ga p Village , 1000 Wat e r w o r ks R oad, T H E GAP, Q L D Sh o p Sh o p Sh o p Sh o p • • • • •

1 : $ 2 3 0,0 0 0 pa. gros s + GST | 37 1 sqm 8: $70,00 0 pa. gros s + GST | 63sqm 2 2 B : $33 ,0 0 0 pa. gros s + G ST | 27sqm 45 & 4 6 : $1 80,0 0 0 pa. gross + GST | 258sqm

Coles & Aldi anchored neighbourhood centre Significant foot traffic 10km West of Brisbane’s CBD Servicing a catchment of over 20,000 people (3km radius) Ample on-site parking

The Gap Village is conveniently located 10km West of Brisbane’s CBD and supports over 30 specialty stores. Servicing a catchment of over 20,000 people (3km radius), the Coles & Aldi anchored centre generates a tremendous amount of foot traffic.

F I ND OUT MORE ABOUT THI S PR O PERTY BU IL DING AR E A Area s ava i l abl e b e tween 27sqm to 37 1 s qm ZO N IN G N C 1 -Di stri c t Centre

CONTACT Da n i e l H utch i n so n 0434 314 624 daniel@falproperty.com.au

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INDUSTRIAL COMMERCIAL PARTNERS - NATIONAL PROPERTY GUIDE

FOR L E A S E HIGH CLEAR SPAN INDUSTRIAL WAREHOUSE 33 C ole ba rd S t r e e t We s t, A cac i a R i d g e, Q L D $16 2 ,6 40 p. a . n e t + G ST • Air-conditioned offices 210sqm • High clear span warehouse 1,502sqm • 6 electric roller doors

This heavy-duty industrial warehouse is centrally placed in the popular Acacia Ridge industrial precinct. With air-conditioned offices and 6 container height electric roller doors, this freestanding warehouse is fully fenced and will suit a range of occupants.

F I ND OUT MORE ABOUT THI S PR O PERTY BU IL DING AR E A 1 ,7 1 2 s qm

CONTACT Jo h n A n drew 0488 018 998 john@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)

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INDUSTRIAL COMMERCIAL PARTNERS - NATIONAL PROPERTY GUIDE

FOR SA L E O R L E A SE

NEW BUILD FREESTANDING TILT PANEL WAREHOUSE Algester, QL D S al e: $3 , 525,0 0 0 + G ST | Lea se: $193, 875 pa . n et + GST • • • •

8m warehouse Air conditioning High spec office spaces 12 carparks

Located in a modern new industrial estate in Algester, this site is off Learoyd Road and is on the edge of the prime industrial hub of Acacia Ridge. Minutes away from Beaudesert Road and the Logan Motorway, this property features a clear span 8m warehouse, with air-conditioned, high spec office spaces and 12 car parks.

F I ND OUT MORE ABOUT THI S PR O PERTY BU IL DING AR E A 1 , 355 sqm

CONTACT Jo h n A n drew 0488 018 998 john@falproperty.com.au

L AN D AR E A 2 , 3 68 s qm ZO N IN G L II Low Im pa c t In dus tr y

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FOR L E A S E

VER S AT I LE MO D E R N H I G H CLEARANCE WAREHO US E

Un it 1A , 836 B ou nda ry R oa d, C o o p er s P l ai n s, Q L D CO N TACT AG ENT • • • •

High clearance 10m warehouse All-weather awning for loading On-site café Ample parking

Located in the centre of the prime industrial hub of Coopers Plains, this modern, ground floor warehouse with showroom, is packed with features. With great exposure to Boundary Road and with easy access to the arterial links of Beaudesert Road and the Pacific Motorway, this property offers a high clearance warehouse with all-weather loading dock and ample onsite parking.

F I ND OUT MORE ABOUT THI S PR O PERTY BU IL DING AR E A 5 , 8 76 s qm

CONTACT Jo h n A n drew 0488 018 998 john@falproperty.com.au

L AN D AR E A 68 , 3 10 s qm ZO N IN G IN 2 In dus tr y ( Gen eral I n du str y B)

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VI C PR O PERTY MA R KE T R EVIEW

M AT T O’DE A from FACEY PROPERT Y

It’s been pleasing to hit the ground running in 2022 with a strong number of Auction and EOI campaigns. To date all have managed to sell strongly as we’ve seen competition continue to drive great results for vendors. We are seeing confidence from both owner occupiers and investors who are prepared to dig deep to secure a suitable property in a market that remains tightly held overall.

A case in point was the recent sale of 10/9 Monterey Road in Dandenong South. The property faced some big challenges being a larger strata building that was encumbered by a lease set well below market rates. Despite these issues which would have hampered efforts in a softer market, we ended up with 16 offers by the close date with the vast majority being above vendor expectations. We finally transacted approx.

25% above our expected range proving excellent timing for our vendor.

Despite the instability in world affairs, or perhaps because of it, the appetite in the market for industrial and commercial assets remains unnerved to this point. I think the next one to two quarters will test the market’s resilience. Now is an excellent time to consider disposing of an asset while market conditions remain favourable. Ultimately the shortage of stock across all asset classes cannot be denied and may continue for some time.

To sustain the appetite from investors and developers in the short to medium term, we expect pressure on rents to continue mounting. With vacancies slim across the board, rental growth looks certain. Melbourne is well placed to absorb a lift in rental rates whilst remaining one of Australia’s most competitive rental markets.

“We are seeing confidence from both owner occupiers and investors who are prepared to dig deep to secure a suitable property in a market that remains tightly held overall”.

Matt O’Dea, Facey Property

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INDUSTRIAL COMMERCIAL PARTNERS - NATIONAL PROPERTY GUIDE

FOR SA L E SIGNIFICANT INDUSTRIAL SITE Lot 1, 520 W e s t e r np or t Hwy, C r an b o u r n e W est, V I C Conta c t a g e n t fo r p ri ci n g • • • • •

17,650m2 fronting Whitfield Blvd Access from 2 Roads - Front or Rear Permit for Clean Waste Recycling Easy Access to Major Arterials Suit Owner Occupiers or Developers

A rare opportunity for occupiers or developers. The site is located in the City of Casey, one of the fastest growing Municipalities in Australia. It has the added bonus of a ready workforce from the nearby and ever expanding Residential Estates.

F I ND OUT MORE ABOUT THI S PR O PERTY L AN D AR E A 1 7,650 m ²

CONTACT G ra h a m ‘Jo sh’ Ke n da l l 0418 322 443 jo sh.ke n d al l @fa cey p ro p e r ty.co m . au

ZO N IN G In d u stri al 1

M a tt O’ Dea 0448 566 556 matt.odea@faceyproperty.com.au

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INDUSTRIAL COMMERCIAL PARTNERS - NATIONAL PROPERTY GUIDE

FOR L E A S E ST GERMAIN CENTRAL 195S St Ge rm a i n B ou l e va r d, C ly d e N o r t h , V I C Conta c t Ag e n t fo r Pri ci n g • • • • •

3,847m² full line Coles supermarket 2,775m² of additional retail space 1,056m² of commercial office space Basement & at grade parking 3,552m² of additional retail space

St Germain Central is at the heart of Casey’s newest and most significant town centre; St Germain Central.

Positioned at the juncture of Thompsons & Bells Roads Clyde North. St Germain Central’s stage 1 starts with a large full line supermarket complimented with 19 specialty tenancies, a medical precinct commencing with 3,000m² and so much more.

Both Thompsons & Bells Road are planned key arterials maximising connectivity to the greater Clyde area. The City of Casey is set to exceed 500,000 residents in the next two decades.

F I ND OUT MORE ABOUT THI S PR O PERTY BU IL DING AR E A Fro m 40 m ² - 25 8 m ²

CONTACT M a rk Bo n d 0419 386 882 mark.bond@faceyproperty.com.au

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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.