WA PROPERTY MARKET REVIEW
CHRIS CHESKY from MLV REAL ESTATE
Perth’s industrial market has performed well across the first half of 2024, with demand driven largely from owner occupiers and tenants, who continue to compete for a limited supply of stock across all precincts.
Rental vacancy remains at record lows, with all stock and precincts experiencing rental growth at an average of 6.2% across the quarter (q/q) and over 30% compared to pre-COVID levels. Super prime industrial stock is achieving net face rents in the order of $170/sqm (6.3% q/q), prime rents averaging $140/sqm (7.7% q/q) and secondary stock averaging $120/sqm (4.3% q/q). Inline with growth in face rents, leasing incentives are sub 5%, with the exception of several deals whereby properties are held institutional owners.
Capital values have continued to reach record levels, particularly in the sub $5million dollar range, whereby owner occupiers continue to ‘out-compete’ investors, who have somewhat retreated from the market in light of debt pressures. With rents at record high levels, and extremely low rental vacancy, owner occupiers are offering premiums (above investors) for property that is still at an occupation cost (i.e. mortgage repayments) that proves more competitive than renting.
Yields have softened slightly across the quarter, in the order of 25bps. The average prime yield now sits between 6.00% - 6.50%, with all but modern, core located stock considered to fall towards the upper end of this range. Secondary yields are averaging 6.50% - 7.00%, with variation in yield largely a function of age, quality of improvements, lease covenant and income reversionary (growth) potential.
Land values have continued to escalate across all precincts. Several recent sales in core areas of Welshpool/Kewdale area reflecting land value rates of $750/sqm - $850/sqm on sub5,000sqm lots and $550/sqm - $650/sqm on larger 1-5Ha lots. This reflects a change of circa 10% year-on-year and in order of 35% above pre-pandemic levels.
Land supply remains constrained, despite several land releases in the northern and southern regions. Supply of builtform product from developers has been limited, as elevated construction costs, debt pressures and high land prices challenge the feasibility of these developments.
Whilst conditions in the broader economy present some uncertainty, and the potential for some normalisation in occupier activity, we anticipate continued demand across both land and built-form product, underpinned by strength in the resources sector and large public infrastructure projects across Western Australia.
“Capital values have continued to reach record levels....”
Chris Chesky, MLV Real Estate
FOR SALE POLE POSITION! CALLING ALL CAR ENTHUSIASTS!
38 SPHINX WAY, BIBRA LAKE, WA
OFFERS | CONTACT AGENT FOR PRICING
• Unrivalled and incomparable workshop for car enthusiasts
• Encompassing some 1,786 sqm of GLA on 2,128 sqm of Industrial
• High quality offices spanning two levels plus a sleek reception area
MLV as exclusive agents are pleased to present to Market 38 Sphinx Way, Bibra Lake - an unrivalled and incomparable workshop suitable for all car enthusiasts! Encompassing some 1,786 sqm of GLA on 2,128 sqm of Industrial, this is a once in a life-time walk-in / walk-out opportunity that is unheard of under current market conditions. We anticipate extremely high interest in the premises and encourage all potential Buyers to arrange an inspection ASAP to ensure a 1-2 finish! Don’t miss out on this bespoke opportunity to own a workshop and office space that exceeds expectations with all the bells and whistles.
CONTACT
Stefan Quaresimin
0421 929 686
squaresimin@mlv.com.au
David Lamb 0411 597 952
davelamb@mlv.com.au
STIRLING STREET, PERTH, WA
$2,900,000 (GOING CONCERN)
• Outstanding redevelopment opportunities
• Located approximately 900m north of the Perth CBD
• No prescribed building height limit
MLV Real Estate as exclusive selling agents present the opportunity for developers and investors to acquire a prime fringe CBD development site and a significant landholding with holding income. Comprises a rectangular shape lot of 769sqm occupying a prominent position on Stirling Street in Perth. The improvements comprise a brick and iron brick workshop with a two-level office to the façade, with a total lettable area of approximately 740sqm. The property is currently utilised as a workshop, and will be sold with a leaseback to the current tenant ‘Head Exchange’, providing holding income while development approvals are sought.
FOR SALE RARE GREEN TITLE WAREHOUSE
/ OFFICE
MLV Real Estate are pleased to present 74 Dowd Street, Welshpool for Sale. Fronting Dowd Street this premises is ideally located for a small business. The premises includes office/showroom of 64 sqm* at the front of the building inclusive of floor coverings, lights, toilets, suspended ceiling and air conditioning. The office has direct access to the warehouse being 490sqm* which is also accessible by two roller doors. Utilise this strategic location which is in close proximity to an arterial road network being approx 2.2km from Leach Hwy, 1.2km from Welshpool Road, 2.1km from Roe Hwy, 9.5km from the CBD, 2km from Tonkin Highway, 4.8km to Perth Airport and 20km to Fremantle Port. CONTACT
David Lamb 0411 597 952
FOR SALE LEASED INVESTMENT IN CANNINGTON/BECKENHAM PRECINCT
32 WILLIAM STREET, BECKENHAM, WA
CONTACT AGENT FOR PRICING
• Located in one of Perth’s premier LFR precincts
• Excellent opportunity to acquire a recently refurbished, green titled asset
• Two tenancies with showrooms
MLV as exclusive agents are pleased to present to market 32 William Street Beckenham, a leased investment opportunity located in one of Perth’s premier LFR precincts. Fully leased at $196,484 pa to two separate tenants, this property presents investors with an excellent opportunity to acquire a recently refurbished, green titled asset in a corridor that is expected to experience high growth. Tenancy One (324 sqm) is a front unit with excellent exposure. It is leased until 31/10/2028 (retail lease) with passing rental $86,484 pa + GST & relevant outgoings. Tenancy Two is leased Until 14/10/2026 (Commercial Lease) with passing rental of $110,000 pa + GST and Outgoings. Recently refurbished with a high quality showroom / warehouse.
FIND OUT MORE ABOUT THIS PROPERTY
Stefan Quaresimin
0421 929 686
squaresimin@mlv.com.au
David Lamb 0411 597 952
davelamb@mlv.com.au
FOR LEASE LARGE OFFICE/WAREHOUSE WITH 1,800SQM HARDSTAND
44 GLASSFORD ROAD, KEWDALE, WA
$350,000 P/A + GST + OUTGOINGS
• Fronting Tonkin Highway
• 173sqm of office space and 1,835 sqm warehouse
• High truss warehouse of approx 9 metres and large hardstand
The office area is located at the northern end of the warehouse. It is a single storey office constructed with concrete floors, brick elevations and metal roof. The office is air conditioned and includes carpets and blinds. The warehouse includes concrete floors, full height metal clad walls and metal roof. The warehouse fronting Glassford Road includes access to the lunchroom and features good access and high truss. All roller doors have a truss height of approximately 6 metres and high truss warehouse of approx 9 metres. Property has approximately 1,800 sqm of bitumen hardstand.
CONTACT
Stefan Quaresimin
0421 929 686
squaresimin@mlv.com.au
David Lamb 0411 597 952
davelamb@mlv.com.au
FOR LEASE 1,370 SQM OFFICE / WAREHOUSE AVAILABLE NOW
1/9 PILBARA STREET, WELSHPOOL, WA
$215,000 P/A + GST + OUTGOINGS
• Arguably Perth’s most attractive and sought after Industrial location
• Close proximity to key transport routes
• Modern premises presented to a high standard
A 1,370 sqm Office/Warehouse facility in arguably Perth’s most attractive and sought after Industrial location. Office / Showroom: 341 sqm, Warehouse: 983 sqm and Mezzanine: 46 sqm. Built of concrete floors, footings and tilt-panel elevations, the premises is of modern construction and presents to a high standard, with the two story office/showroom situated at the very front of the development. The warehouse is directly behind and has three access points, a side roller door, front roller door and rear roller door. The site benefits immensely from being in a central location and in close proximity to key transport routes such as Welshpool Road, Orrong Road, Leach High Way, Roe Highway and Tonkin Highway further East.
FIND OUT MORE ABOUT THIS PROPERTY
1,370 sqm
Stefan Quaresimin 0421 929 686 squaresimin@mlv.com.au
FOR LEASE DREAM BEACHFRONT RESTAURANT
$175,000 P/A + GST + OUTGOINGS
• Rare opportunity to become a Scarborough icon
• High traffic area, great exposure
• Plenty of parking
This is a rare opportunity for an experienced operator to lease a new beachfront restaurant. We have approved plans for you or us to finish the build. It would make a perfect Italian, Japanese, Mod Oz, or seafood (dine-in or takeaway) … with cocktails*. High traffic and growing area, lots of parking, by the beach. Become a Scarborough icon. Total area of 304sqm (213sqm internal, 54sqm alfresco, store 38 sqm, 2 car bays) *Previously had a restaurant license, which allows for drinking without food but no bar services. Tavern license not available.
FOR SALE SET & FORGET! HIGH YIELDING INVESTMENT OPPORTUNITY
LOT 387 MANDURAH ROAD, KWINANA BEACH, WA
$2,900,000 (GOING CONCERN)
• Fully Leased Investment with manless fuel station
• Passing Rental $184,500 plus GST and Outgoings
• Land Area: 6,061sqm
MLV as exclusive agents are pleased to present to market the high yielding, high profile Lot 387 Mandurah Road, Kwinana Beach. Situated in an ideal corner location, the premises is within the Industrial location of Kwinana Beach, some 42 km’s south of the Perth CBD and 33km ‘s south of Fremantle Port. Represented is an excellent opportunity to purchase a leased investment in a growing industrial corridor. Passing Rental $184,500 plus GST and Outgoings with 10 Year Lease in place from 1st February 2021 to State-Wide Tenant (Vibe Petroleum) For further information please contact the exclusive selling agents
Stefan Quaresimin on 0421 929 686 or David Lamb on 0411 597 952.
FIND OUT MORE ABOUT THIS PROPERTY
CONTACT
6,061 sqm
Stefan Quaresimin 0421 929 686
squaresimin@mlv.com.au
David Lamb 0411 597 952
davelamb@mlv.com.au
VIC PROPERTY MARKET REVIEW
MARK BOND from FACEY PROPERTY
Opportunity and time to act in Victoria
As of 1st July 2024 all commercial and industrial properties transitioned to CIPT; effectively resigning stamp duty to extinction. Designed to enable businesses by freeing up capital so they can expand by entering into a 10-year transition agreement with government. Whilst this is fantastic news for new entrants to the market it hasn’t been the Victorian governments finest hour in explaining to the market the many benefits.
The 8 properties we have included provide opportunities to invest with income with household names like Chobani, invest with income whilst you decide whether to build childcare, a take-away (QSR), or renovate, invest in land ready to develop in Dandenong South (2 acres +) or Pakenham (2 acres) or simply upgrade your industrial space. We have many opportunities.
The property to the right is now complete offering 15,830m2 of building plus a super canopy of 2563m2, 13 metres clearance, 1000 amps, loading docks all set adjacent to the M1 Freeway. You can lease or buy this magnificent industrial asset so make the time to enquire.
“Designed to enable businesses by freeing up capital so they can expand...”
Mark Bond, Facey Property
FOR SALE OUTSTANDING LEASE COVENANT!
453-455 HAMMOND ROAD, DANDENONG SOUTH, VIC
EXPRESSIONS OF INTEREST
• Enviable lease covenant to international brand Chobani
• Large landholding
• A-class industrial property
Facey Property is proud to offer this property for sale by Expression of Interest. Boasts an enviable lease covenant to international food and beverage trailblazer - Chobani. Currently on a 16-year term expiring 30/04/2037 + a 10-year option. Passing rental of $913,638 pa plus GST and outgoings. Tenant pays all outgoings (inc single holding land tax) and takes care of all maintenance. This A-class industrial property is on 15,090m² of Industrial 1-zoned land with improvements across four buildings, totalling 6,438m² GLA (43% site coverage). The site also boasts frontage to Hammond Road with direct linkage to Greens Road and Eastlink. Truly an ethical and recession-proof industrial-use by a market leader with an exceptional sustainability and social impact track record. Enquire at www.faceyproperty.com.au to make your next move.
FIND OUT MORE ABOUT THIS PROPERTY
CONTACT
Matt O’Dea 0448 566 556 matt.odea @faceyproperty.com.au
Adam Martin 0409 357 352
adam.martin@faceyproperty.com.au
FOR LEASE LOGISTICS LEASING
1/191-195 GREENS ROAD, DANDENONG SOUTH, VIC
$470,470
• 3,619m² building plus canopies of 196m²
• Quality 600m² mezzanine office
• Secure fencing with two large gates
3,619m² office warehouse in the highly sought after Logis/EastLink section of Greens Road. This beauty has over 80 metres of frontage. An impressive and open plan 600m² mezzanine office complete with ducted air conditioning and new tiled carpets. First floor office is accessible via lift and stairs. The ground floor showroom includes meeting rooms and individual offices. Both levels include lunchrooms and extensive amenities blocks. The warehouse of 3,019m² includes showroom and some ground level offices. The warehouse is easily accessible via four container height roller doors of which three face the unloading yard area to the east which is well protected. Warehouse springing height of 8 - 9 metres and abundant natural light make this a perfect for SME logistics. Car parking for 55 vehicles plus abundant visitor parking. Securely fenced and accessed via two large gates.
FIND OUT MORE ABOUT THIS PROPERTY
CONTACT
Mark Bond 0419 386 882
mark.bond@faceyproperty.com.au
Michael Firrito 0477 975 595
michael.firrito@faceyproperty.com.au
151 WEDGEWOOD ROAD, HALLAM, VIC
$6,850,000
• Generous internal clearance
• Two crossovers
• Surplus side hardstand
151 Wedgewood Road provides an opportunity to secure a standalone industrial facility within one of Melbourne’s most sought-after industrial locations. The property offers functional warehouse space, large secure side hardstand, ample car parks, dual level corporate office space, secure gating, multiple roller doors and two street crossovers. The property is exceptionally located, sitting 800m* from Hallam South Road which provides direct access to the Princes Highway, South Gippsland, and Monash Freeway. Also easy walking distance to the upgraded Hallam train station. Note – the property can be purchased as a going concern with passing income until November 2024. Key property features include: 328sqm* dual level corporate office area, 2,107sqm* functional warehouse area, 2,435sqm* total building area plus on-site car parking. *Approx
FIND OUT MORE ABOUT THIS PROPERTY
Matt O’Dea 0448 566 556 matt.odea @faceyproperty.com.au
Adam Strachan 0499 419 890 adam.strachan@faceyproperty.com.au
FOR SALE AN EXCEPTIONAL OPPORTUNITY
86-100 OLD PRINCES HWY, BEACONSFIELD, VIC
EXPRESSIONS OF INTEREST
• 99 metre frontage
• 5 sources of income
• Redevelop or renovate
Facey Property is proud to offer this property for sale by Expression of Interest closing Thursday 19 September at 4pm. With a wealth of potential, now’s your chance to own this parcel of land at just over an acre, within Industrial 1 Zoning and boasting a 99-metre frontage. The existing leases provide a good passing income of approximately $221,085 p/a plus GST and outgoings, while you plan how to maximise this diverse asset.
Originally a roadside house, this site has grown into what it is today, a sand/soil site of 2,016m² with four adjacent factories on the balance of the land. This sale is a unique opportunity in the heart of Beaconsfield with the scope to enhance what is already there or plan for the future. For further information, please contact the exclusively listed agents.
FIND OUT MORE ABOUT THIS PROPERTY
Mark Bond 0419 386 882
mark.bond@faceyproperty.com.au
Michael Firrito 0477 975 595
michael.firrito@faceyproperty.com.au
FOR SALE INVEST IN THIS BOOMING LOCATION
219 SOUTH GIPPSLAND HIGHWAY, CRANBOURNE, VIC
• Renewed 5 Year Lease
• Proven long term tenant
• Highway frontage
Take advantage of this substantial landholding opportunity with a strong income. Facey Property is proud to offer this property for sale by Expression of Interest closing Tuesday 10 September at 4pm (if not sold prior). This substantial 4,048m² landholding provides nearly 70 metres of frontage (69.58m) to the major road, South Gippsland Highway. Renewed lease to long-term tenant ‘Cranbourne Pre-Mix & Garden Supplies’ 5x5x5-year term commenced 01/07/2024, returning $235,810pa plus GST and outgoings with strong 5% annual reviews. Set in Activity Centre Zone 1 zoning, the property boasts flexible long-term redevelopment opportunities. These include retail, office, medical, hospitality or warehousing (up to 20 metres in height), subject to council approval (STCA). The site is also adjacent to Cranbourne Train Station, with direct public transport links. Enquire at www.faceyproperty.com.au to make your next move.
FIND OUT MORE ABOUT THIS PROPERTY
AREA 4,048 sqm
Centre (ACZ)
Matt O’Dea 0448 566 556 matt.odea @faceyproperty.com.au
Adam Strachan 0499 419 890
adam.strachan@faceyproperty.com.au
FOR SALE PERFECT PAKENHAM OPPORTUNITY
87 BALD HILL ROAD, PAKENHAM, VIC
EXPRESSIONS OF INTEREST
• Ideally positioned development site
• Excellent road frontage
• Ideal for an industrial development
Facey Property is proud to offer this property for sale by way of Expression of Interest closing Tuesday 1st October, at 4pm. With its impressive 63.77 metre frontage to Bald Hill Road, this fantastic site boasts proximity to Pakenham’s commercial centre and has good freeway access, making it truly hard to beat.
Currently erected on the land is a 542m² Colorbond warehouse/workshop. There is also some gravel hardstand. The property is also fully fenced with a front security gate. This site is a strategically well-located property within a growing area. Don’t pass up this one! Enquire at www.faceyproperty.com.au to make your next move.
7,841 sqm
Matt Rice 0419 871 240
matt.rice@faceyproperty.com.au
Adam Strachan 0499 419 890
adam.strachan@faceyproperty.com.au
FOR SALE & LEASE STREET FACING UNIT!
1/60-62 ABBOTT ROAD, HALLAM, VIC
FOR SALE: $4,800,000 & FOR LEASE: $218,270
• 314m² two level office
• 1,365m² 7.5 metre clear warehouse
• Plenty of parking
Street fronting and boasts a high clearance warehouse with great offices over two levels. This excellent office warehouse site comprises 314m² of sensational offices, featuring ducted air-conditioning, carpet throughout and lots of natural light. The ground floor has a reception, a large lunchroom and male/female amenities. The first floor is largely open-plan, including two offices with glass partitioning and a boardroom. The warehouse includes a separate toilet, a small warehouse office and a container-height roller door protected by a canopy. Internally, the clearance ranges from 7.5 to 8.2 metres, making it ideal for warehousing. Suitable for a multitude of uses, the total warehouse is 1,365m² and enjoys plenty of natural light. Additionally, the property boasts parking on title for 23 cars and access to visitor parking for more than 20 within the gated complex.
Tenant vacates on 30 September 2024. Come and inspect now!
FIND OUT MORE ABOUT THIS PROPERTY
Mark Bond 0419 386 882 mark.bond@faceyproperty.com.au
Uday Chandran 0488 558 484
uday.chandran@faceyproperty.com.au
FOR SALE & LEASE UNMATCHED VALUE
21 + 31 ASSEMBLY DRIVE, DANDENONG SOUTH, VIC
FOR SALE: $12,000,000 & FOR LEASE: $450,917
• Dandenong South’s ultimate location
• Premium position for business
• Ideal storage or sales yard (S.T.C.A)
Now’s your opportunity to utilise these two lots in Dandenong’s premium corporate address. Facey Property is proud to offer these yards For Sale or Lease. The desirable location boasts excellent accessibility and is bordered by the Monash/South Gippsland Freeway and Princes Highway. 21 Assembly Drive (Lot Q) Land area: 4,603m², is 66m to Assembly Drive. And 31 Assembly Drive (Lot R) Land area: 4,242m², is 44m to Assembly Drive. These expansive development sites suit an office, commercial or industrial type workspace with a neighbouring premier office building anchored by CFA. The sites adjoin The Village Dandenong neighbourhood retail centre, which includes Woolworths and key specialty retailers. They are also surrounded by various amenities, including a 7-Eleven service station, Bunnings Warehouse, a car wash, Taco Bell and Carl’s Jr.
FIND OUT MORE ABOUT THIS PROPERTY
8,845 sqm CONTACT
Matt Rice 0419 871 240
matt.rice@faceyproperty.com.au
Adam Strachan 0499 419 890
adam.strachan@faceyproperty.com.au
NSW PROPERTY MARKET REVIEW
MaRK CADMAN from link property services
The Sydney industrial market, despite Australia’s recently announced low GDP number, remains relatively robust and surprisingly resilient.
This has been driven by sustained demand and limited supply, particularly in the sub 3,000sqm size range. Having said this, supply has increased substantially in the 4,000sqm + size range, resulting in an increase in vacancy rates.
Incentives have increased as a result and rental rates have certainly cooled across the market. In the second quarter of 2024, Sydney recorded one of the slowest periods for new lease take-ups since 2015. The development pipeline continues to add new space, primarily in Western Sydney, though much of this space has been pre-committed, reflecting ongoing confidence in the industrial sector despite economic headwinds.
On the purchaser side, with ongoing high interest rates and the likelihood of them remaining at this level for the next 6 months or so, investor interest in purchasing is very selective and price sensitive.
Owner occupiers are present, though the number of genuine purchasers who are in a position to fund acquisitions is down. Capital values for existing buildings and land have come off the highs of late 2022 in most cases.
We forecast a flat market for the next 6-12 months, with weaker demand than we have seen for several years, however once business confidence increases, we forecast an increasing level of demand and a stronger take up of supply, resulting in lesser tenant incentives and firmer rental levels and capital values.
“...Once business confidence increases, we forecast an increasing level of demand and a stronger take up of supply.”
Mark Cadman, Link Property Services
FOR LEASE FREESTANDING 2,241 SQM FACILITY
323 Parramatta Road, AUBURN, NSW
• High profile location
• Ample Hardstand for containers & parking
• Signage opportunities
Unique opportunity for bulky goods/retail & industrial users to secure a freestanding showroom/office & warehouse with excellent Parramatta Rd exposure. Multi-directional access from & on to Parramatta Road. Key attributes the property benefits from include the following: High profile location, excellent office / warehouse ratio for this precinct, dual access & high clearance warehouse, large hardstand area, providing ample space for 40ft containers, 2.8km to James Ruse Drive and within close proximity to M4 Motorway.
Part 41, East Street, LIDCOMBE NSW
• Generous hardstand & dual driveway
• Internal clearance up to 9m
• 40ft container access
Located on the western side of the street and is located approximately 2kms from major arterial roads, with Sydney CBD approximately 25kms away. Warehouse internal clearance up to 9m*, generous hardstand for loading, unloading & parking, high power supply, dual driveway, 40 ft container access, recently refurbished office space with office amenities, exclusive and secure car park, 85 sqm* all weather awning, walking distance to Lidcombe train station and shops.
FOR LEASE LARGE WAREHOUSE PLUS HARDSTAND
• 4,270 sqm warehouse plus hardstand
• Sites of this calibre are hard to find
• Well secured site
This property is located at the end of Greenhills Avenue which is in a cul-de-sac street extending from Church Road and is situated within close proximity to the M5 Motorway via the Moorebank Ave and Heathcote Road exit ramps. Freehold property that is a very rare find. Two buildings, with one having a wash bay. Approximately 3,823 sqm of hardstand yard. The site is well secured with security fencing and has a security office of approximately 8 sqm and a boom gate to access the yard area. Ground floor office of 239 sqm, left hand side yard is 2,762 sqm*, right hand side yard is 1,061 sqm *, a very unique property which is very hard to find. Ideal for low site coverage occupiers.
FOR LEASE QUALITY WAREHOUSE NEXT TO BUNNINGS
• Next door to Bunnings
• Fully Racked ready to occupy
• Dual driveway access for easy truck manoeuvring
Located next door to Bunnings Hillsdale, along the dangerous goods route to Port Botany, the property benefits from exposure to a high volume of passing motorists, perfect for lifting the profile of your business. Port Botany, and Sydney Airport are both within easy reach providing efficient routes for distribution. The property’s proximity to Sydney’s motorway network make this an ideal location for last-mile logistics. This unique property features a fully racked warehouse with a light-filled mezzanine office. The ground floor offers potential for a showroom area, additional office, or lower clearance production space. The building has a generous parking allocation of 38 spaces, to support a high number of staff or customers to the site. Being located in an estate of only two buildings, the property allows for easy access and loading, with dual driveways.
FOR LEASE CENTRAL WESTERN SYDNEY LOCATION
• 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 comprising 4 units, two of which are on the upper level (Units 1 & 2) and two of which are on basement level (units 3 & 4). Majority of the building area is of concrete panel construction (offices are of brick construction), with steel portal frame and insulated metal deck roof. The warehouse clearance ranges between 5.5 to 6.7m and is accessible via 1 on-grade roller shutter, fully sprinklered with an ESFR system & is clean & tidy. Office space is over 2 levels, being fully carpeted, air conditioned & partitioned. The fit-out & general feel is superb with an abundance of natural light.
383 383
383 007 elliot.martin@linkps.com.au
FOR LEASE
BRAND NEW WAREHOUSE & OFFICE SPACE
• Brand new, sustainable design
• 15m all-weather loading awning
• Large secure shared hardstand area
Oakdale West Industrial Estate is a highly sought-after precinct ideally located within Western Sydney’s logistics hub of Kemps Creek. Located only 5km from the M7 motorway. Positioned to provide speed to market, the estate is home to high-profile multinational and domestic businesses including Amazon, Australia Post, Coles, Woolworths, Telstra and Xylem. Brand new, sustainable warehouse and office space from 5,335 – 5,772 sqm is available now at the estate.
Warehouse 2C1 – 5,739 sqm, Warehouse 2C2 – 5,335 sqm, Warehouse 2D – 5,772 sqm.
Brand new, modern warehouse space, luxurious office and end-of-trip facilities, 15m all-weather loading awning, a large secure shared hardstand area, rooftop solar system with secure on-site parking.
BUILDING AREA
Oakdale West Industrial Estate, 19 Emporium Ave, KEMPS CREEK NSW 5,061 – 5,772 sqm
Matthew Herrett 0457 383 383 matthew.herrett@linkps.com.au
Unit 10, 1801 Botany Rd, BANKSMEADOW NSW
• Opposite Port Botany
• Generous parking plus yard
• Quality office accommodation
• Three container height roller shutters
The estate is specifically designed to suit occupiers that are likely to take advantage of the sites proximity to the port and airport, with excellent truck maneuvering due to the extra wide driveways.
The unit features internal clearance up to 8.1m and is serviced via three (3) container height roller shutters. The unit also enjoys a rear hardstand area of approximately 913 sqm. Ample off-street parking is provided.
3,639 sqm
Chris Sully
0439 383 444
chris.sully@linkps.com.au
Artie Kalpidis
0403 383 333
artie.kalpidis@linkps.com.au
FOR SALE FREESTANDING WAREHOUSE WITH HIGH CLEARANCE
• Office / showroom + warehouse
• Prime location close to WestConnex
• Self-contained café on-site
• Tenanted investment, with potential Functional, freestanding office / warehouse premises. The building provides quality warehouse accommodation, with internal clearances that generally range from 5.4m to 11.8m. The warehouse is accessed via two container height roller shutters, with the northern access providing an awning for all weather loading and unloading. Office accommodation is located on both ground and mezzanine level and is air-conditioned and carpeted. The amenities have also been recently refurbished. All new LED lighting has been installed throughout both the warehouse and office accommodation. The site also provides a self contained cafe on-site fronting Euston Road. The property has a 3 year lease in place to Prestige Select Pty Ltd with an expiry of 14 January 2026 and a further 3 year option. The lease provides a six(6) month development clause.
QLD PROPERTY MARKET REVIEW
PHIL LEVESQUE from FAL PROPERTY GROUP
Brisbane Office Market Update
There is some good news in Brisbane as our CBD is now the best performing in the country when it comes to prime vacancy rates, now sitting at around only 7%.
It highlights the flight to quality that occurred over the last few years. It is however a different story with secondary properties and less glamourous properties around the fringe of the city where it is still difficult to find new tenants.
Demand is low, and unless an owner is ready to spend on a speculative fitout, the rest of the vacancies remain unoccupied.
Brisbane Industrial Market Update
Like most markets around the country, the Brisbane market’s rental growth has slowed and is currently stable. The dream run may not be over, but it does offer some relief to tenants with market reviews coming up or tenants on the lookout for new premises.
Prime rentals differ slightly per precinct; Trade Coast being the highest reaching averages of just over $200/sqm net, and the West being the lowest sitting around a $140/sqm average. This difference is also driven by a higher vacancy rate in the West than the Trade Coast.
Vacancy rates across the greater Brisbane area currently sits 3.3%; much better than the sub 1% seen in recent years which was a catalyst for the double-digit rental growth we’ve experienced year on year.
“There is good news in Brisbane as our CBD is now the best performing in the country...”
Phil Levesque, FAL Property Group
FOR LEASE HIGH QUALITY LARGE OFFICE SPACE
20-22 Blackwood Rd, LOGAN CENTRAL QLD CONTACT AGENT
• Ideal for a variety of professional needs
• Secure on-site parking
• Mix of offices and open space
• Large reception area and kitchen
Positioned at a prime location with high visibility on Blackwood Rd and Station Rd, this property ensures your business stands out. It offers excellent access to local amenities and nearby public transport, including the Woodridge and Logan Central Train Stations, making commuting convenient and easy. Located in Logan City, the property is strategically placed just 20-30 minutes from both Brisbane Airport and the Brisbane CBD, providing exceptional connectivity.
093 122 jono@falproperty.com.au
FOR LEASE PREMIER HEALTH & WELLNESS DESTINATION
• Brand new facility
• Excellent exposure with over 20,000 vehicles daily
• Unparallelled car park
• Ideal for medical, retail or professional services
The Hub Health & Wellness Centre is a brand-new development that brings together a range of integrated services. With anchor tenants including the Kids Early Learning Centre and Café 63, this centre offers convenience and community in one location. Ideally situated near the Ipswich Motorway and Goodna train station, it provides easy access for all.
FOR SALE HIGH EXPOSURE WAREHOUSE FREESTANDER
1644 Ipswich Road, ROCKLEA QLD
CONTACT AGENT
• Fully leased to 3 tenants returning $662,051 p/a net + GST
• Modern offices, showroom and additional storage
• Hardstand at front & rear of property
• Easy B-double access and container set down
This recently refurbished warehouse and showroom are ideally situated in the sought-after Rocklea industrial precinct, just 9 km from the CBD. With excellent arterial connections, this property offers quick access to both the Ipswich Motorway and Beaudesert Road.
FOR LEASE HIGH CLEARANCE WAREHOUSES AVAILABLE NOW
Unit 2 & Unit 3, 60 Dulacca
Street, ACACIA RIDGE QLD
• Can be leased separately or combined
• Corporate style offices, meeting room, M/F staff amenities
• Three phase power
• High internal height of 8.5m-9m
Located in the prime industrial hub of Acacia Ridge, just off Beaudesert Road, these two insulated, high-quality warehouses in a brand-new building offer outstanding transport links. With close proximity to the Ipswich and Gateway Motorways, accessing major arterial routes throughout Brisbane is effortless. Privately positioned at the rear of a fully security-fenced site, the property ensures both privacy and safety. It features an expansive concrete hardstand for easy truck manoeuvring with 6m high electric roller doors and is complemented by ample onsite parking.
• Freestanding office/warehouse
• Commercial grade office
• Dual tenancy building development
• High bay clear span warehouse
• Generous internal clearance, minimum 8.5m
Metroplex on Westgate in Wacol stands out as one of Brisbane’s most strategically positioned and highly coveted business precincts. Located between the Ipswich and Centenary Motorway access points, this property offers excellent access to the city’s main arterial networks. Unit A, 30 Nashos Place, WACOL QLD
The Barracks, 61 Petrie Terrace, PETRIE TERRACE QLD
CONTACT AGENT
• Prime fringe CBD location
• Blue chip spaces
• Generous incentives
• Ideal for hospitality, retail, medical
Seeking experienced operators for incredible hospitality, retail, medical opportunities at a blue-chip lifestyle fringe shopping centre. The Barracks is well known for its unique character and rich cultural atmosphere. Situated in a prime location, adjacent to key landmarks such as Suncorp Stadium, Roma Street Train Station & Parklands, and the Caxton Street Entertainment Precinct and anchored by Coles and Palace cinema.
FOR SALE HIGH SPEC MEDICAL SUITES IN BLUE CHIP LOCATION
51 Lambert Road, INDOOROOPILLY QLD
FOR SALE - $2,490,000 + GST
• 7 large treatment rooms plus 3 small recovery rooms
• Well-equipped kitchenette plus patient coffee service area
• Luxurious marble finishes & elegant waiting/reception area
• Light-filled corner position with excellent exposure
State-of-the-art and tastefully fitted out medical suite designed to meet the highest standards of care and sophistication in one of the Inner West’s most sought-after neighbourhoods. This exceptional property boasts a $1 million + fit-out that combines luxury and functionality with 6 dedicated parking bays plus 20 visitor parking spots for ultimate convenience.
