Ray White Portfolio Magazine April 2021

Page 1

P O R T F O L I O APRIL 2021

FIVE-STAR NATIONAL AUCTION DAY SEES RESERVES SMASHED

Perth industrial vacancy and market overview

Commercial assets boom in Brisbane city fringe

Commercial property listings from across Australia and New Zealand



ANDREW FREEMAN Head of Agency Operations

Market confidence continues to grow as astute investors continue to recognise commercial real estate as a safe haven against cash deposits and the sharemarket. The real estate portals are also reporting unprecedented levels of property views and enquiries. Realcommercial.com.au has reported a 27 per cent rise on last year’s property views and a massive 34 per cent increase in enquiries. The sharp and steady rise in activity is also being echoed in the leasing markets. This activity has certainly resonated with the Ray White Commercial team and was clearly evident at our recent National Auction Portfolio Day. The event saw active bidding on all the properties offered for sale, with five selling under the hammer after competitive bidding. The auction room continues to be the preferred medium of purchasing commercial assets by investors due to the convenience of multiple property options being presented in a single forum and the unconditional nature of the transaction. Combining this with our relentless approach to improving our technology with hybrid auctions, the National Auction Portfolio has opened up our buyer exposure by offering online viewing and bidding options as an alternative to physically being in the room. We are excited to announce that our next National Auction Portfolio will feature across our network on Thursday 10 June. We look forward to showcasing a diverse range of commercial, industrial, and retail assets on behalf of our valued clients.

QUICK JUMP TO A REGION QLD

NSW

VIC

WA

NZ

PORTFOLIO | Ray White Commercial | 3


FIVE-STAR RAY WHITE COMMERCIAL NATIONAL AUCTION PORTFOLIO DAY RAY WHITE Commercial offices have celebrated a five-star National Auction Portfolio Day as a quintet of properties sold under the hammer for a combined total value of over $11 million. “This is by far our best ever National Auction Portfolio Day and I want to take a moment to congratulate our members on running outstanding campaigns to achieve the best price for their sellers,” said Ray White Commercial Head of Agency Operations Andrew Freeman.

“We had over 100 enquiries on this property. Unit blocks are a hot commodity among the investor market as they offer a strong, consistent return,” Mr Hadgelias said. Another stand-out sale belonged to Ray White Commercial Sydney City Fringe Principal Kristian Morris and Sales and Leasing Associate Lachlan Palm as they successfully managed the $2 million sale of Leichhardt’s 69 John Street.

“Commercial property has more than held its own during the COVID-19 pandemic, and with the interest rates being so low, these assets are now more appealing than ever before.

“This asset was originally due to go under the hammer in March 2020 but was pulled because of the COVID-19 pandemic. Prior to the auction campaign, an offmarket campaign pointed to a sale of under $2 million,” Mr Morris said.

“Ray White is built on the foundation of auctions and we know they work in any market. We had multiple bidders on all of our properties and the competition drove these great outcomes.”

“The owner trusted our auction strategy and it paid off on the day as three registered bidders pushed the sale price five per cent over its reserve with the seller relocating to New Zealand.”

The biggest sale came courtesy of Ray White Commercial Metropolitan Sydney Director Samuel Hadgelias and Principal Jeff Moxham, in conjunction with Ray White Commercial Western Sydney Director Victor Sheu, as they sold 8 William Street in Lewisham for $3.65 million.

Another highlight came at the hands of Ray White Commercial QLD Retail Investment Sales Agents Michael Feltoe and Lachlan O’Keeffe as they sold 367 Yaamba Road in Park Avenue for $1.65 million - $110,000 over the reserve after attracting five registered bidders.

4 | PORTFOLIO | Ray White Commercial


“The asset was leased to Beaumont Tiles and they had occupied the property for over 20 years. The campaign led to 69 enquiries with three registered bidders from Southeast Queensland and two bidders from interstate,” Mr Feltoe said. “Across the Eastern seaboard we’re continuing to see reducing levels of retail investment stock available for sale. As such, it’s becoming very difficult to satisfy the pent-up investor demand for single tenanted retail investments leased to national retailers.” Elsewhere, Ray White Commercial South Sydney Director Alex Santelli sold 14 Salisbury Street in Botany for $2.5 million, and Ray White Commercial Gold Coast Sales Agent Michael Willems sold Pinkenba’s 1-3 Marine Road under the online hammer for $1.25 million. Ray White Commercial will be holding its next hybrid National Auction Portfolio Day on Thursday 10 June 2021.

PORTFOLIO | Ray White Commercial | 5


WEST END FREEHOLD COMMERCIAL BUILDING SELLS FOR $2.5M AN owner-occupier has purchased a freehold commercial building with development approval in the ever-popular Brisbane suburb of West End for $2.5 million at 292 Montague Road. The 554sq m* site ideally sits on the corner of Montague Road and Vulture Street, two of the area’s main thoroughfares, and enjoys unrivalled access to affluent West End. The property was marketed and sold by Ray White Commercial QLD Managing Director and Partner Michael McCullagh and Manager Sam Parker. “We received strong interest from developers given the existing DA for five retail suites and office extension, but the asset was sold to an owner-occupier who plans on occupying

6 | PORTFOLIO | Ray White Commercial


part of the project, and then develop and retain the balance as an investment,” Mr McCullagh said.

investors prepared to take on strategic leasing risk in good locations to add value to underutilised assets.”

“Their business is expanding, and they were unable to keep growing due to their current premises restricting employee growth, and they decided to buy rather than lease a larger space.

“The competitive marketing campaign highlights the strong demand for freehold city fringe assets by generating over 110 enquiries and 11 offers to purchase,” Mr Parker said.

“We’re seeing very strong demand from both investors looking for value-add opportunities, as well as owner-occupiers.

“The warehouse space is accessible via Vulture Street with rear driveway access allowing for convenient loading and unloading capability.

“The low interest rate environment is driving a shift towards buying your own building rather than leasing right now.

“The upstairs office space has been recently refurbished to a high standard and is equipped with two private offices and toilet and shower amenities.”

“Despite the trend of owner-occupiers and the discourse surrounding office and retail leasing, there’s still demand from

*Approximately.

PORTFOLIO | Ray White Commercial | 7


OFFICE MARKETSVACANCY IN A PERTH INDUSTRIAL AND MARKETECONOMY OVERVIEW COVID-19 VANESSA RADER Head of Research

While 2020 has been a year of disruption for the international economy due to COVID-19, the impacts have been limited and strangely beneficial when considering the Perth economy and more specifically the industrial property market. There have been some periods of uncertainty borne from lockdowns and stringent border control, yet we have seen the market bounce back from mid to late 2020 which has continued strong into 2021. Encouragingly, with the improved sentiment surrounding the industrial market and Perth in general, investor interest for fully tenanted properties with a minimum five-year lease remains robust for both local, interstate, and international investors seeking a secure source of income. There are strong levels of demand from tenants for more modern properties, however by far the main driver of demand for industrial property has been owner-occupiers seeking to

PERTH INDUSTRIAL VACANCY BY PRECINCT (SQM) NORTH 35.30%

EAST 39.79%

SOUTH 24.91% 8 | PORTFOLIO | Ray White Commercial

VACANT STOCK: 663,316sqm Source: Ray White Commercial

make use of the government stimulus received, record low interest rates, and some banks now willing to lend up to 80 per cent of the property’s value as compared to the traditional 60 to 70 per cent. In terms of vacancy, this period’s count shows outstanding results when compared to six months ago where vacancies were up, and rents showed signs of tightening. We are now seeing enquiry levels lift to both rent and buy with vacant assets or secure leased investments for sale moving quickly. This period we have witnessed a rapid reduction in vacant stock with just 663,613 sq m of unoccupied stock currently available across the total Perth industrial market. Last October, we recorded 1.10million square metres of vacant stock up from April where 930,000 sq m was collected, these however represented the sub-5,000 sq m market compared to this period’s full market analysis. This stark turnaround in occupancy has been felt in late 2020 and into 2021 with demand for new accommodation from both existing and new tenants flooding the market. Increased enquiry levels have aided in reducing vacancies with the profile of each region remaining stable with the south still home to the least stock 165,220 sq m while east and north represent 263,930 sq m and 234,166 sq m respectively. Looking at listing size, 37.57 per cent are in the sub-500 sq m size range, down from 41.04 per cent last period, highlighting new demand for emerging businesses while the 1,000-1,500 sq m size range has a limited pool of supply representing just 7.94 per cent of the 683 listings recorded. Six months ago, we saw some pressure on rents with the expectation that rates may fall approximately 10 per cent into 2021, however this strong demand has ensured rents have held up and have remained steady. Furthermore, incentive levels have reduced improving the effective rental position for many owners. We anticipate the continued decline in vacancies will ensure rental rates will see some uplift throughout 2021, notably given the limited new supply in the marketplace.


The average net face rents remain at $86psqm for the east, north $90psqm, and south $83psqm. What is important to note is the grade/quality of the facilities. We are still seeing that older facilities compared to newer Premium and A grade facilities are leasing at lower rates and require either capital improvements or much larger tenant incentives in order to achieve a result. In late 2019, the WA industrial investment market was finally beginning to gain some traction after seven years of stagnant or gradual declining property values. This tied in with favourable lending conditions and large amounts of government stimulus has turbocharged the WA industrial property market with owner-occupiers for vacant property outbidding what investors or developers are willing to pay. In 2020 we recorded $828.69 million in industrial property transactions across the Perth metropolitan area, unlike other regions which saw volumes fall up to 45 per cent during the COVID-19 period, Perth’s results were up 10.70 per cent on 2019 results.

Perth Industrial Sales Turnover $million

Source: Real Capital Analytics, PIMS, Ray White Commercial

From an investor perspective, low interest rates and the desire for secure long-term income as an alternative to low yielding investment options such as bonds have been a driving force behind leased investment sales. This demand for incomeproducing commercial property is not unique to Perth with demand for similar assets across the East Coast markets also, however a lack of stock on the market has kept volumes low in these markets prompting interstate buyers to consider Perth. We have seen an influx of these buyers who have been drawn to the strong local economy and attractive yields which are on offer, which has put some pressure on these rates. Prime industrial yields are currently in the six to seven per cent range with smaller assets achieving rates below this level, this still offers value when considering the current cost of money and compared to yields achieved in other major cities. With stock levels low, we expect buyers may move up the risk curve and put further pressure on both prime and secondary rates during 2021.

Read our full Between the Lines report on the Perth Industrial Market online at: https://www. raywhitecommercial.com/research/march-2021-perthindustrial-vacancy-market-overview/

PORTFOLIO | Ray White Commercial | 9


10 | PORTFOLIO | Ray White Commercial


1.1481HA* AUGUSTINE HEIGHTS NEIGHBOURHOOD CENTRE SITE 170 and 7002 Keidges Road, Augustine Heights QLD

Outline and Locations Indicative only

EXPRESSIONS OF INTEREST Closing Thur 22 April 2021 4pm • • • •

2 titles (Lot 905 - 9,073m2* & Lot 4 - 2,408m2*) Lot 905 located in the Local Neighbourhood Centre Precinct Directly adjacent future Augustine Heights Railway Station Park 'n' Ride Opportunity to leverage off activity from new State Secondary School planned for 2023 opening directly adjacent • Adjacent to The Haven Estate by Stockland

Mark Creevey 0408 992 222 mark.creevey@raywhite.com Tony Williams 0411 822 544 tony.williams@raywhite.com

*Approx

raywhitespecialprojects.com


4,274M2* DEVELOPMENT SITE | CARSELDINE VILLAGE 532 Beams Road, Carseldine QLD

Outline and Locations Indicative Only

REGISTRATIONS OF INTEREST Closing Thur 13 May 2021

• Available individually or combined • Comprising Lot 2049 (2,116m2*) & Lot 2050 (2,158m2*) • Designated Mixed Use - Parkside Residential under the Fitzgibbon Priority Development Area • Development options include residential apartments, retirement or other residential uses with Social and Affordable Housing options encouraged

Mark Creevey 0408 992 222 mark.creevey@raywhite.com Tony Williams 0411 822 544 tony.williams@raywhite.com

*Approx

raywhitespecialprojects.com


MEADOWBROOK - TWO HIGH PROFILE MIXED USE SITES 40,57-67 Ellerslie Road, Meadowbrook QLD

Outline and Locations Indicative Only

TENDER

Closing Wed 28 Apr 2021 4pm • Sites offered individually • Parcel 1- 11,800m2* and Parcel 2 - 10,200m2* • Both sites zoned "Mixed Use" • Range of potential development options • Within close proximity to Logan Hospital, Griffith University, Logan Motorway, Shopping centre and surrounding Commercial Retail and Industrial development

Tony Williams 0411 822 544 tony.williams@raywhite.com Mark Creevey 0408 992 222 mark.creevey@raywhite.com

*Approx

raywhitespecialprojects.com


2.64HA* GOLD COAST RIVERFRONT DEVELOPMENT SITE 7 and 9 Eden Court, Nerang QLD

Outline and Locations Indicative only

EXPRESSIONS OF INTEREST Closing Thur 6 May 2021 4pm • • • • •

One of the few remaining Gold Coast major infill opportunities 150* metres of river frontage and adjoining expansive public parklands DA approved for 170 units over 5 separate buildings (4 stages) Two adjoining properties, each improved with substantial houses Strategically located and within close proximity to train and bus station, M1, shopping centres, parklands and recreation, golf courses, beaches and more

Matthew Fritzsche 0410 435 891 matthew.f@raywhite.com Mark Creevey 0408 992 222 mark.creevey@raywhite.com

*Approx

raywhitespecialprojects.com


NOOSA NORTH SHORE | 8.29HA* VACANT LAND 30 Beach Road, Noosa North Shore QLD

Outline and Locations Indicative Only

EXPRESSIONS OF INTEREST Closing Wed 21 Apr 2021 4pm • • • •

Large freehold block Two minutes from beaches and four wheel drive access to Great Sandy National Park Only 20* minutes from Noosa Heads Offers a Development Approval for 21 Retreats and potential for an additional 20 retreats • Potential alternative land use opportunities (^STCA)

Tony Williams 0411 822 544 tony.williams@raywhite.com Paul Butler 0418 780 333 paul.butler@raywhite.com

*Approx ^Subject to Council Approval

raywhitespecialprojects.com


1,012M2* SHERWOOD DEVELOPMENT SITE 531 Oxley Road, Sherwood QLD

Locations Indicative Only

EXPRESSIONS OF INTEREST Closing Wed 21 Apr 2021 4pm • • • • • •

Land area: 1,012m2* Flat, regular shaped lot with 20* metre street frontage Concept architect design for 16 units (code assessable) Efficient building design with at grade parking Currently improved with a 3 bed post war home providing potential holding income Walking distance to Schools, Shopping Centres and Sherwood Train Station

Matthew Fritzsche 0410 435 891 matthew.f@raywhite.com Andrew Burke 0417 606 128 andrew.burke@raywhite.com

*Approx

raywhitespecialprojects.com


LEASED INVESTMENT WITH POTENTIAL UPSIDE 259-261 McLeod Street, Cairns North QLD

EXPRESSIONS OF INTEREST Closing 7 April at 4pm (AEST) • • • • • •

262m2* Lettable area on a double block of 809m2* land New lease to myHomecare (until Oct 2025) Net income $120,000 pa + GST + Outgoings Surplus land for potential future development upside Mixed Use Precinct 3 - Residential Being sold as a going concern (no GST applicable)

Michael McCullagh 0403 426 474 mmccullagh@raywhite.com Helen Crossley 0412 772 882 helen.crossley@raywhite.com

*Approx

raywhitecommercialqld.com


OFFICE/MEDICAL SUITE READY TO OCCUPY Level 10/225 Wickham Terrace, Spring Hill QLD

SALE • • • • • •

Floor area - 148sqm* 5 car parks on separate titles Excellent natural light, expansive views High profile location, close to hospitals Convenient ground floor amenities Walk to Central & Roma Street Stations and CBD

Michael McCullagh 0403 426 474 mmccullagh@raywhite.com John Dwyer 0439 034 010 john.dwyer@raywhite.com

*Approx

raywhitecommercialqld.com


OWNER'S HEALTH REQUIRES IMMEDIATE SALE 154-172 Main Western Road, Tamborine Mountain QLD

Outline Indicative Only

EXPRESSIONS OF INTEREST • • • • •

Multiple income streams: Brewery, Restaurant & Wedding Venue BA & DA approval for accommodation & conference centre Well established & popular businesses with strong growth potential Located only 30* minutes from the Gold Coast Also includes: 5br house, self-contained unit, storage, outbuildings, water storage tanks, comprehensive liquor licenses & equipment

Thomas Clark 0426 287 188 thomas.clark@raywhite.com Ryan Langham 0420 581 164 ryan.langham@raywhite.com

*Approx

raywhitecommercialbroadbeach.com


DREAM HIGHRISE SITE - DA APPROVED 1 Park Lane, Southport QLD

Outline and Locations Indicative Only

AUCTION

Thursday 8th April 11am at the Sheraton Grand Mirage • Located on the edge of the Southport CBD & opposite the iconic Broadwater, • Uninterrupted views over the Broadwater out to the Pacific Ocean, Main Beach & Surfers Paradise skylines • Site is DA approved for 66 apartments

• Walking distance to Parklands & Australia Fair Shopping Centre • Information Memorandum and DA are available upon request

Mitch Palmer 0402 467 899 mitch.palmer@raywhite.com Ryan Langham 0420 581 164 ryan.langham@raywhite.com

raywhitecommercialbroadbeach.com


ENTIRE FULLY LEASED FREEHOLD BUILDING 200 Preston Road, Manly West QLD

Outline Indicative Only

AUCTION

Thur 29 Apr 2021 at 11am - Gold Coast Turf Club, Bundall • • • • • •

Fully leased neighbourhood centre (4 shops) Net income $121,548.12p.a.* + GST Land area 809m2* with development upside Long leases with 3% annual increases Prime main road exposure to thousands of cars daily Minutes from the harbour, school, train & bus

Michael Willems 0412 240 176 m.willems@rwsp.net

*Approx

raywhitecommercialgoldcoast.com


518M2* - TWO QUALITY UNITS IN KEY CENTRAL LOCATION 29 and 30/3-15 Jackman Street, Southport QLD

AUCTION

Thur 29 Apr at 11am - Gold Coast Turf Club, Bundall • Unit 29: 198m2* warehouse area • Unit 30: 186m2* floor & 134m2* mezzanine offices • Low Impact Industry / Community Purposes zoning • Ducted air cond. throughout offices

• • • • •

6 allocated parking spaces Alarmed, 3 phaser power, NBN available Amenities, shower and 2 kitchenettes Selling with vacant possession Being sold as is, where is

Scott Wells 0412 766 163 s.wells@rwsp.net Lisa Dunne 0420 208 891 l.dunne@rwsp.net

raywhiteindustrialgoldcoast.com


HIGH PROFILE BRAND NEW SHOWROOM/ WAREHOUSE 3000 Logan Road, Underwood QLD

LEASE

Contact Agent • Quality high-end construction • Completion early April • Freestanding building - 893m2* on 2,120m2* land • Front & rear roller doors with drive thru access

• 17 Onsite car parks • Minimum internal height 8 metres • Rear secure yard and undercover awning 242.6m2*

Aldo Bevacqua 0412 784 977 aldo.bevacqua@raywhite.com

raywhitecommercialspringwood.com


PORTFOLIO | Ray White Commercial | 11


STRATEGIC LAND HOLDING - 15,920 SQM* 1341 Elizabeth Drive, Kemps Creek NSW

AUCTION

Tuesday 27 April at Auctionworks, 50 Margaret Street, Sydney • • • • •

Under instructions from Receivers and Managers Level site, improved by an existing dwelling Zoned RU4 - Primary Production 4.5km to Western Sydney Aerotropolis Offered with vacant possession

Samuel Hadgelias 0403 254 675 shadgelias@raywhite.com Joseph Assaf 0401 397 696 jassaf@raywhite.com

*Approx

raywhitecommercialnsw.com


CENTRAL COAST UNIT BLOCK 5 Sinclair Street, Gosford NSW

AUCTION

4 May at Auctionworks, Mezzanine Level, 50 Margaret Street, Sydney

• 6 x oversized 2 bedroom units, offered in one line • 9 lock up garages (7 garages are leased separately) • Estimated fully leased income of approximately $133,900 -per annum- Long term tenancy profile • Zoned R1 / FSR 1.5 : 1 • 650m* to Gosford Train Station & town centre

Samuel Hadgelias 0403 254 675 shadgelias@raywhite.com Matthew Kidd 0417 230 732 matthew.kidd@raywhite.com

*Approx

raywhitecommercialnsw.com


INNER WEST UNIT BLOCK 843 New Canterbury Road, Dulwich Hill NSW

EXPRESSIONS OF INTEREST Closing on Thursday, 8 April 2021 • • • • • •

20 modern residential units + ground floor commercial 2 buildings w/ panoramic views from upper levels Estimated fully leased gross income of $634,548.56* Net lettable area of 1,426sqm* Low vacancy rates 800m* to Dulwich Hill Light Rail

Samuel Hadgelias 0403 254 675 shadgelias@raywhite.com Jeff Moxham 0413 838 339 jmoxham@raywhite.com

*Approx ^Subject to Approval

raywhitecommercialnsw.com


MEDICAL & OFFICE INVESTMENT 250 Pacific Highway, Charlestown NSW

EXPRESSIONS OF INTEREST • • • • • •

Existing net passing income of approximately $980,000 p.a. Occupied by six (6) separate tenancies - 50% of tenancy mix medical use Future mixed-use development potential (S.T.C.A) Zoned B4 - Mixed Use Net lettable area of 2,317 sqm* Total site area of 1,054 sqm*

Jeff Moxham 0413 838 339 jmoxham@raywhite.com Samuel Hadgelias 0403 254 675 shadgelias@raywhite.com

*Approx

raywhitecommercialnsw.com


FULLY FITTED MEDICAL CENTRE - OCCUPY OR INVEST 2-6 Brodie Spark Drive, Wolli Creek NSW

SALE/LEASE

Expressions of Interest Conveniently situated in the heart of Discovery Point, adjacent to Dan Murphy's and Woolworths surrounded by high-density residential, major retailers, cafes, restaurants and just moments from Wolli Creek Train Station.

• Excellent exposure to Princes Highway & Brodie Spark Drive • 220m2* of Fully fitted Medical centre • 4 secure car spaces on the title • Existing Medical fit-out • B4 - Mixed-Use

Lachlan Palm 0452 008 887 lachlan.palm@raywhite.com

*Approx

raywhitecommercialsydneycityfringe.com.au


TWO LEVEL SHOP WITH DA & EXISTING BUSINESS 274 Abercrombie Street, Darlington NSW

AUCTION

Sat 17 April, 2021 On Site at 12.15pm This charming 2 level commercial terrace includes a fully fitted kitchen, currently operating as the Ella Cafe and is being sold as a going concern including the business. • DA approved for residential and garage • Sold as a going concern, GAR $93,600 + GST • Set on a deep block 140sqm*, rear lane access • Suit owner/occupier, investor and builders alike

Peter Kotzias 0419 440 450 p.kotzias@rwcss.com

*Approx

raywhitecommercialsouthsydney.com


STRATEGICALLY LOCATED INDUSTRIAL SITE WITH MULTI TENANCY INCOME 1B George Street, Mayfield East NSW

Boundary Indicative Only

AUCTION

Wednesday 21 April 2021 at 10:30am, On-site • Land area 3,707m2* • Building area 2,262m2* • 5 tenancies currently returning $105,000* gross annual income • Zoned IN2 Light Industrial • Situated in an outstanding location in close proximity to Newcastle harbour & CBD with excellent egress via Industrial Drive to major arterial routes.

Lee Follington 0417 443 478 lee.follington@raywhite.com

*Approx

raywhitecommercialnewcastle.com


14 | PORTFOLIO | Ray White Commercial


A-CLASS LEASED INVESTMENT, CABLE BEACH 158 Frederick Street, Broome WA

OFFERS TO PURCHASE • • • • • •

Prime commercial centre facility Dominant corner position Government & National tenants 100% Leased to REPCO & TAFE $316,423pa net income stream Significant reversionary growth

Brett Wilkins 0478 611 168 brett.wilkins@raywhite.com Michael Milne 0403 466 603 michael.milne@raywhite.com

raywhitecommercialwa.com


11.5 YEAR WALE 2 Page Road, Kelmscott WA

OFFERS TO PURCHASE • • • • •

Prominent Albany Hwy Corner Location Completed June 2020 - Depreciation Benefits Approx. 11.5 Years WALE Fixed rental increases Strong Initial Income: $500k+ pa net

Brett Wilkins 0478 611 168 brett.wilkins@raywhite.com Jeff Braddock 0412 934 694 braddock@bpga.com.au

raywhitecommercialwa.com


SHOWROOM & DISPLAY YARD 11 Watson Drive (Barragup), Mandurah WA

SALE

$895,000 + GST • • • •

Land Area 1,451sqm* Showroom/Office 659sqm* Additional Land Use Area Service Commercial Zone

Russ Parham 0413 885 533 russ.parham@raywhite.com Peter Vetten 0403 584 466 pvetten@rhmandurah.com.au

*Approx

raywhitecommercialwa.com


FUTURE DEVELOPMENT SITE 625 Pinjarra Road (Barragup), Mandurah WA

Outline and Locations Indicative Only

SALE

$949,000 + GST • • • •

Land Area 18,214sqm* Small holding income High exposure location Development opportunity - subject to Council approval

Russ Parham 0413 885 533 russ.parham@raywhite.com

*Approx

raywhitecommercialwa.com


GREAT ENTRY LEVEL INVESTMENT OR OCCUPY IN AUGUST 2022 8/5 Hasler Road, Osborne Park WA

SALE

Contact Agent Modern and functional 79sqm* internal footprint positioned in the highly sought-after Herdsman Lake View Professional Centre. The total strata area including 2 car bays and a courtyard comes to 105sqm*.

Tom Jones 0478 771 117 tom.jones@raywhite.com

*Approx

raywhitecommercialwa.com


PERTH TOWER SITE 108 Stirling Street, Perth WA

Outline and Locations Indicative Only

OFFERS TO PURCHASE • • • • • •

Central Perth location Desirable Promenade streetscape 1,554sqm* large span building 2,266sqm corner land footprint High density mixed use zoning Plot ratio 6:1 (13,596sqm GFA)

Brett Wilkins 0478 611 168 brett.wilkins@raywhite.com Michael Milne 0403 466 603 michael.milne@raywhite.com

*Approx

raywhitecommercialwa.com


12 | PORTFOLIO | Ray White Commercial


PRIME FERNTREE GULLY FREEHOLD RETAIL / OFFICES 1-5/40-44 Station Street, Ferntree Gully VIC

Outline and Locations Indicative Only

SALE • Two (2) retail premises and three (3) office / professional suites • Secure Off Street Parking • High Exposure Location • Brand New - Ready for Fit Out

• Moments from Ferntree Gully Station • Grease Trap for Retail Spaces

Mitch Rosam 0402 355 805 mitch.rosam@raywhite.com Paul Waterhouse 0417 660 153 paul.waterhouse@raywhite.com

raywhitecommercialferntreegully.com


CHILDCARE, MEDICAL OR HOSPITALITY - HIGH EXPOSURE SITE 295-305 Maroondah Highway, Ringwood VIC

Outline and Locations Indicative Only

LEASE

$159,000 per annum plus GST & Outgoings • Total Building Area 657sqm* • Quality Location for Access and Exposure • Ideal for a Multitude of Uses^ • Commercial Kitchen Facilities • Off Street Parking for Staff & Customers

• • • •

Fully Air Conditioned Flexible Layout Staff and Customer Amenities High Exposure Location

Paul Waterhouse 0417 660 153 paul.waterhouse@raywhite.com Mitch Rosam 0402 355 805 mitch.rosam@raywhite.com

*Approx ^Subject to Council Approval

raywhitecommercialferntreegully.com