SA Market Review & Properties from Leedwell Property

Steve Smith from Leedwell Property

The underlying fundamentals of the Adelaide industrial market remain very consistent year on year. Advances in infrastructure through State and Federal expenditure has been the backbone of the Adelaide industrial economy which continues to deliver more efficient transport corridors and bring regional and interstate markets closer to Adelaide.

Leasing Good levels of demand for industrial property continues however the availability of quality offerings remains a challenge for the market. As mentioned in our previous report, developers must seriously consider speculative development to meet the demand and add quality levels of supply to the market, especially within the inner western and north-western markets. A series of pre-commitment mandates have been filled in recent times while another group of opportunities appear close to being finalised. This will result in fresh construction activity, predominantly throughout the inner west (airport), inner north (Gillman/Wingfield) and outer north (Direk). Again, developers should start to consider speculative development on the back of specific tenant mandates in order to provide additional supply to the market. Larger distribution centre assets are available in Edinburgh at very attractive rental rates and strong levels of incentives are being offered to entice tenants. With the opening of the Northern Connecter in February, this region is only a handful of minutes from the inner north and is set to provide significant savings and affordability to tenants. Rents remain stable across all markets while incentives have reduced (where supply is significantly less than demand).

Sales Again, low stock levels are restricting activity levels throughout the vacant possession and investment sale market. Properties being offered with vacant possession continue to be sought after with low interest rates and low acquisition costs driving activity. Investment sales activity remains strong with record sales being achieved over the past 12 months. Private high net worth groups, syndicates and interstate investors are actively seeking larger scale opportunities and are attracted to Adelaide given the stability of the market, lower entry costs and the higher return profile.

Land Land acquisition in the previously under-utilised outer northern market is experiencing one of the more stunning growth spurts with the Northern Connector road project opening in February 2020. This will provide a faster connection to the traditional inner northern market for at least 50% of the land cost. Owner-occupiers and developers have been taking advantage of this opportunity to acquire affordable and serviced land. Land within the inner northern markets continues to be hard to find and tightly held resulting in more prospects needing to consider land further afield.

Steve Smith 0410 532 022 Leedwell Property leedwell.com.au

Prime 5ha Wingfield Land Parcel

FOR SALE $6,900,000 plus GST (<$130/sqm)

One of the very last large development sites available in the prime inner northern market.

With connectivity to the Port River Expressway, Northern Connector, Grand Junction Rd and the South Rd Superway, this site enjoys tremendous access advantages to all major transport infrastructure.

All figures are exclusive of GST. All sizes are approximate.

TOTAL SITE AREA 53,870sqm

Features include: - Fully serviced land of 53,870sqm - Improvements circa 3,500sqm - 2x near new weigh bridges - Secure fenced site - Opportunity to redevelop or sub-divide (stcc)

Steve Smith 0410 532 022 | steve.smith@leedwell.com.au Henry Treloar 0412 404 426 | henry.treloar@leedwell.com.au

SALE TYPE Vacant Possession

ZONING Industry

Modern Processing Facility for Fastidious Food Industry Business

FOR LEASE $300,000 pa Net

A modern food processing facility purpose built to meet the requirements of a medium to large scale meat production business for sale or lease. Built in 2012 the fitout includes chillers, freezer, boning room, smoking room, quarantine room, receipt and dispatch (including a loading dock) and showroom.

The facility has FM approved and certified Kingspan PIR insulated wall panels which allow for a significant insurance premium saving, over the more common non-certified EPS or PUR insulation panels.

All figures are exclusive of GST. All sizes are approximate.

LOADING DOCK Recessed

Features include: • Significant Solar Installation (100Kw) • Adelaide Hills Food Region • Retail Shop

Steve Smith 0410 532 022 | steve.smith@leedwell.com.au Jamie Forwood 0450 959 032 | jamie.forwood@leedwell.com.au

PRODUCTION AREA 1,844sqm

ZONING Light Industry

Secure Investments with Owner Occupier Potential

FOR SALE Expressions of Interest

Inner northern location 10kms from CBD, and close proximity to Port Wakefield, Cavan and Main North Roads, the site is easily accessible to all regions of metro Adelaide and regional SA. Unit 1: - Leased to Industrial First Aid Service Pty Ltd - Current passing net rental $47,380 per annum - 3 year lease expiring 30/06/2021 Unit 4: - Leased to Paramount Machinery (Browns) Pty Ltd - Current passing net rental $104,010 per annum - 3 year lease expiring 28/02/2021

All figures are exclusive of GST. All sizes are approximate.

Unit 4

Features incldue: • Expressions of Interest closing Thursday, 5 March at 4pm • Community Titled Industrial Estate • Strong Tenant History BUILDING AREA U1: 505sqm U4: 1,473sqm

SALE TYPE Investment

Jamie Forwood 0450 959 032 | jamie.forwood@leedwell.com.au Henry Treloar 0412 404 426 | henry.treloar@leedwell.com.au

ZONING Industry

High Quality Office Warehouse

FOR LEASE $285,000 p/a Net

Just 10kms north of Adelaide’s CBD, Pooraka has become one of South Australia’s premier industrial regions.

A high quality office warehouse featuring contemporary offices over two levels and a precast warehouse with good internal clearance and excellent loading facilities. Other features include large loading canopy, 20kW solar power system and secure, steel tubular boundary fencing.

All figures are exclusive of GST. All sizes are approximate.

TOTAL SITE AREA 5,092sqm

Features include: • Contemporary Improvements • Precast Concrete Warehouse • 20kW Solar System • Owner will consider all offers

Henry Treloar 0412 404 426 | henry.treloar@leedwell.com.au Steve Smith 0410 532 022 | steve.smith@leedwell.com.au

BUILDING AREA 2,839sqm

ZONING Industry

Substantial, High Quality Warehouse

FOR LEASE Competitive Rental

High quality office warehouse measuring 17,890sqm; comprising 1,496sqm of corporate quality offices and 16,394sqm of functional warehouse.

The building enjoys significant power infrastructure, evaporative air conditioning and gas heating to the warehouse, internal clearance of 7m and one central row of columns.

Sales enquiries are welcome.

All figures are exclusive of GST. All sizes are approximate.

BUILDING AREA 17,890sqm

Features include: • High Quality Improvements • Opportunity to Expand • Available Immediately • 250 Car Parks On-Site • Substantial Canopies

Steve Smith 0410 532 022 | steve.smith@leedwell.com.au Henry Treloar 0412 404 426 | henry.treloar@leedwell.com.au

ACCESS 24 Hours

ZONING Urban Employment

Significant Keswick Holding

Leedwell is pleased to be favoured with instructions to offer 40-42 Richmond Road, 1 Croydon Road and 2 Marlow Road, Keswick for genuine sale by Expressions of Interest.

This significant Keswick holding comprises three improved properties that are held in separate certificates of title, allowing for great flexibility and opportunity.

The properties are offered for sale in one-line or as three individual parcels.

40-42 Richmond Road, Keswick - Site: 1,328sqm Bldg: 1,569sqm Zoning: Commercial

1 Croydon Road, Keswick - Site: 696sqm Bldg: 562sqm Zoning: Urban Corridor

All figures are exclusive of GST. All sizes are approximate.

2 Marlow Road, Keswick - Site: 696sqm Bldg: 233sqm Zoning: Urban Corridor

The combined site area of 2,722sqm accommodates improvements with a gross building area of some 2,364sqm. The improvements are adaptable to a range of uses which is further supported by the versatile zoning and exposure to passing traffic.

We are confident that this offering will appeal to owner occupiers and investors alike, and strongly recommend your further consideration.

The properties are being offered for by Expression of Interest closing Thursday 5th March 2020 at 4pm (unless sold prior).

Andrew Zammit 0417 814 398 | andrew.zammit@leedwell.com.au Henry Treloar 0412 404 426 | henry.treloar@leedwell.com.au

FOR SALE Expressions of Interest

TOTAL SITE AREA 2,722 sqm

SALE TYPE Vacant Possession

ZONING See left of page

Dominant & Imposing Fully Leased Investment Opportunity

FOR SALE $13,000,000

Just 4 km east of the Adelaide CBD, 1km north of Norwood Town Centre. Situated on the eastern side of Portrush Road 100m north of Magill Road intersection in the suburb of Trinity Gardens. Fully leased on completion late 2016 to Spotlight Pty Ltd for 12+ years and MJC Pharma Pty Ltd trading as the Trinity Gardens Pharmacy for 7+ years. With such strong investment attributes (WALE 7.87 Years) Leedwell have no hesitation in recommending serious consideration by those seeking an outstanding long term investment.

All figures are exclusive of GST. All sizes are approximate.

Features include: • 2 great tenants: Spotlight & Pharmacy • WALE 7.87 years • $805k estimated Net income

Peter Gambranis 0411 691 169 | peter.gambranis@leedwell.com.au

TOTAL SITE AREA 4,216sqm

BUILDING AREA 3,662sqm

ZONING District Commercial

Stage 2 Now Released

All figures are exclusive of GST. All sizes are approximate.

Vicinity Industrial Base is located within the Direk prescient, just 25mins from Adelaide CBD and 35mins from Adelaide Airport. Comprising 100ha, Vicinity is Adelaide’s largest master-planned industrial estate.

The industrial estate provides an ideal location for businesses seeking flexible and affordable industrial land that benefits from unparalleled access to the national highway network and offers easy access to the main freight routes in and out of Adelaide.

Features include: • Lots from 2,750sqm - 20ha • Minutes from the new Northern Expressway • B-Triple Road Train Access • Serviced Land with Water, Sewer and Power

Henry Treloar 0412 404 426 | henry.treloar@leedwell.com.au Steve Smith 0410 532 022 | steve.smith@leedwell.com.au

FOR SALE OR LEASE

TOTAL SITE AREA 20 Ha

DESIGN & CONSTRUCT Options Available

ZONING Urban Employment

Who are Industrial Commercial Partners?

A leading commercial and industrial agency offering a full range of real estate services, including sales, leasing, property management, valuation and consultancy.

Offering tailored property services in industrial, commercial and retail sectors, our difference is a genuine focus on strong, long-term relationships and our integrated, holistic range of property services.

FAL Property Group has cemented its position in South East Queensland’s property market as a true client focused, commercial real estate organisation dedicated to ethical best practice and outstanding results.

Think Link; Think Independent: Link Property Services challenges itself as well as its clients & customers to look outside the square. Link offers market leading experience & quality of advice and service that leads to superior real estate outcomes. In the fast paced world of global corporate dominance, sometimes the ability to consider independent options that focus on the task at hand rather than the competition creates better outcome.

Facey has been a business synonymous with real estate in South East Melbourne since Frank Facey opened for business in 1917. The Facey team continues to provide local expertise to service long standing clients with sales, leasing and property management requirements.

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