Ray White - Ray White Portfolio Magazine August 2021 - MASTER

P O R T F O L I O AUGUST 2021

ONLINE AUCTIONS: THRIVING ON THROUGH LOCKDOWNS

What the 2032 Olympics will mean for South East Queensland

Top 10 tips for leasing your asset

Commercial property opportunities across Australia and New Zealand

ANDREW FREEMAN Head of Agency Operations

Just when we thought the worst was behind us and market confidence was pushing back to pre pandemic levels, enter Delta. The lockdowns and border restrictions that followed across many states were varied but unified in their disruption to business and commercial property owners.

In stark contrast to the beginning of the pandemic our commercial experts moved quickly to protect our clients interest. Being well versed in rent negotiations, sales and leasing site unseen and online auctions, the unveiling challenges have been far less disruptive.

During uncertain times, it is common for property owners to defer or reconsider their transaction. This has proven to be in stark contrast to that of investors, in fact we have experienced a significant surge in demand for commercial property. With lower stock levels, buyers are competing more fiercely for the available assets.

This demand has been evidenced with higher clearance rates, almost double active bidder numbers and unprecedented average bids per property.

As highlighted in the coming pages, our locked down cities have been very quick to adopt the online auction process. The nimble and effective change has seen auctions be able to go ahead, almost in a more efficient manner than before. Bidders have been able to dial in from the comfort of their own home, and reserves are continually being smashed.

One of the standout online auction results was from our Ray White Commercial Metropolitan / Western Sydney teams who achieved a huge $19.25 million result under the hammer for a mixed-use site in Eastwood.

We are proud to launch our next National Portfolio Auction day, with ten quality commercial properties up for grabs, from our agents all over the country. Have a flick through these pages to find the properties going to auction on Thursday 19 August, and bid from wherever you currently are.

QUICK JUMP TO A REGION QLD

NSW

WA

NZ

PORTFOLIO | Ray White Commercial | 3

VANESSA RADER Head of Research

….AND THE WINNER IS SOUTH EAST QUEENSLAND

BRISBANE 21 VENUES

GOLD COAST 7 VENUES

SUNSHINE COAST 4 VENUES

Infrastructure

2021/22 BUDGET $27.5BILLION

4 | PORTFOLIO | Ray White Commercial

EXPECTED SPEND $50BILLION

OLYMPIC INVESTMENT $5BILLION

BOOST TO ECONOMY $18BILLION

As the Tokyo Olympics commence under strange and unusual conditions, Australian’s rejoiced as the announcement that the 2032 Olympics would be held in Brisbane (and more broadly South East Queensland). What a great opportunity to shine the international spotlight again on our country but what is the cost and how could this impact our property markets?

There is no doubt we will see a large influx of capital into SEQ via infrastructure projects which will make these Olympics world class but it will also benefit the local population into the future. We saw the impacts of the Sydney 2000 Olympics for our southern neighbour by way of capital value appreciation of both residential and commercial assets driven by improvements in road and rail infrastructure.

The increased job creation will be a key stimulus for the economy through to 2032 creating new employment opportunities which will also benefit the property markets.

Under the 2032 Olympic master plan there will be three main hubs which the games will be split across, Brisbane, Gold Coast and Sunshine Coast with a number of venues dedicated to each hub. While the Gabba will be the focus for the games getting a $1billion rebuild to upgrade and increase spectator limits, 84 per cent of all venues will be existing, refurbished or temporary which will limit expenditure and improve viability.

Some of the new facilities include an aquatic centre in Brisbane CBD, indoor basketball facility, gymnastics venue and boxing centre in Moreton Bay while the athlete’s village will be spread across Hamilton in Brisbane as well as the Gold Coast, Sunshine Coast and Kooralbyn. According to the blue print for the games the $5 billion operating budget will be “cost neutral” but infrastructure expenses have been excluded as they are part of the ongoing infrastructure budget which will be over $50 billion in the medium term. Given the time sensitive nature of the Olympics, we will see commitment now for the completion of many projects which may have been pushed out beyond the next ten years.

With the SEQ already benefitting from an increase in interstate migration during this COVID-19 period, the expectation across SEQ is that the population will continue to grow especially for the Gold Coast and Sunshine Coast regions. These areas are already under pressure regarding transport infrastructure so advancement of projects such as the M1 duplication, Bruce Highway upgrade (including Sunshine Motorway) and rapid rail connection to the Sunshine Coast (previously known as CAMCOS corridor) will become increasingly necessary when the games

arrive; while projects such as the Cross River Rail, Brisbane Metro and the Coomera Connector will already be up and running.

The detailed commitment of $27.5billion in the 2021/22 budget highlights many of these projects over the next four years including over $9billion in road infrastructure improvements across the motorways connecting these SEQ regions. Together with more than $6billion in improvements to rail across the Gold Coast as part of the Cross River Rail as well as Stage 1 of the North Coast Line improving access to the Sunshine Coast.

These improvements in infrastructure will be imperative for easy access across the region for the Olympic games but the long-term economic benefits will be felt further, growing business activity and future employment. We have already seen improvements in the local Brisbane economy, but strong growth in business starts in both Gold Coast and Sunshine Coast regions has driven demand for commercial property, increasing capital values. We continue to see this region attracting talent given the liveability of these cities and affordable residential property prices however the benefit of a holistic transport system including both road and rail network connecting the whole of SEQ will ensure the future economic prosperity of the region.

THE JOURNEY TO 2032….

Population growth

✔

New business starts

✔

Employment growth

✔

Residential property demand

✔

Residential property price growth

✔

Commercial property demand

✔

Commercial property take up

✔

PORTFOLIO | Ray White Commercial | 5

COMMERCIAL SALES TRANSACTIONS IN WESTERN AUSTRALIA, FINANCIAL YEAR IN REVIEW VANESSA RADER Head of Research

It was a difficult start to the financial year for the Australian economy, concerns for COVID-19 remain heightened despite cases dissipating and most staff having returned to work. While there were good results for WA the sentiment remained difficult on the East Coast with many staff still working from home and border closures restricting travel. Soon the second wave of cases from Victoria would hit putting a firm hold on the border controls for WA however the local economy continued to perform well compared to all other states.

For the commercial property market, greater certainty emerged with tenants again occupying premises and businesses up and running, now with low interest rates the quest for private buyers to diversify and invest in higher yielding investments saw a swift growth in demand both from local and interstate investors. With initial economic uncertainty remaining high we saw many owners opt to “wait and see” with limited quality stock coming onto the market keeping volume levels down. As time passed, we witnessed growing demand for stock however downward pressure on yields which aided in encouraging vendors to the market albeit at a slow pace. Subsequent lockdowns in January and April did little to stifle the building demand for stock from buyers across the country who continue to enquire and look to transact across WA despite the stringent border measures.

WA COMMERCIAL SALES VOLUMES

OFFICE $1.029BILLION ↑ 46.02%

INDUSTRIAL $1.148BILLION ↑ 1.39%

RETAIL $485.8MILLION ↓ -75.12%

HOTEL & TOURISM $64.7MILLION ↓- 44.78%

DEVELOPMENT SITE $128.4MILLION ↑ 30.41%

MEDICAL/CHILDCARE $52.0MILLION ↓- 45.28%

Source: Ray White Commercial% change represents 2020/21 volumes compared to 2019/20 results.

6 | PORTFOLIO | Ray White Commercial

During the 2020/21 financial year we have recorded $1.029 billion in transactions across Office assets, while this is down 46.02 per cent on the prior year it remains in line with the historic average. Last financial year we saw significantly larger CBD transactions take place in late 2019 and into 2020 prior to COVID-19 propping up this result. This year we WA Office Sales Volume WA Office Sales Volume Millions $2,500

$2,000

$1,500

$1,000

$500

$-

Industrial assets have been the standout performer nationally during this pandemic period. The growth in interest by small business (owner occupiers), private investors both local and interstate have driven up capital values in some regions while new lows in yields have been recorded. Over this 12-month period we have recorded $1.148 billion in sales transactions, 1.39 per cent up on last year’s results. With demand for stock in excess of what is available to the market we have witnessed some investors move up the risk curve in terms of quality and location. While several larger institutional deals were completed this year with sale prices in excess of $50 million, the average sale price recorded during 2020/21 was just $1.125 million highlighting the dominance of the private investor. Low interest rates have fuelled much of this investment, while the growing residential prices in Perth have seen many traditional residential investors investigate industrial as an alternative, notably at this lower price point.

Source: Ray White Commercial, RCA, PIMS Source: Ray White Commercial, RCA, PIMS

Western Australia continues to have seen a continued interest in the office market be the driving force behind the During theforeign 2020/21 financial we havewhile recorded $1.029 billion in transactions across Office from buyeryear groups local syndicates assets, while this is down 46.02% on the prior year it remains in line with the historic average.

Last positive national economic story. and investors have also actively pursed these assets financial year we saw significantly larger CBD transactions take place in late 2019 and into 2020 prior despite the uncertainty anticipated for the office to COVID-19 propping up this result. This year we have seen a continued interest in the office marketStrong levels of GSP has impacted market.

CBDgroups andwhile West vacancies saw from foreign buyer localPerth syndicates and investors havean also actively pursed these assets employment, new business starts despite the uncertainty anticipated the office CBDaand Westto Perth increase to rates duringforthe yearmarket. putting halt thevacancies saw an and residential values favourably increase to rates during the yearrecorded putting a haltin to the positive momentumas recorded in 2019, positive momentum 2019, however however as staff rapidly returned to work, vibrancy returned to our centres and sentiment across putting it on the radar for staff rapidly returned to work, vibrancy returned to the office markets have improved. We have seen many private investors and owner occupiers commercial property investors. We our their centres andintosentiment acrosswith the office markets making first foray commercial property a high volume of sub $1 million office suite sales across both CBD andWe suburban locations. assets have also been hotly have improved. have seen Smaller manyfreehold private investors have seen the increase in interest contested as interstate buyers vie for quality yielding investment options with future upside and owner occupiers making their first foray into from interstate buyers, local potential. commercial property with a high volume of sub investors and offshore groups who $1 million office suite sales across both CBD and look to capitalise on this positive suburban locations. Smaller freehold assets have momentum. With GSP levels also been hotly contested as interstate buyers vie expected to continue to grow for quality yielding investment options with future upside potential. into the medium term we expect WA Industrial Sales Volume

WA Industrial Sales Volume Millions $1,800 $1,600 $1,400

$1,200 $1,000 $800

greater focus to be on the WA market’s notably the industrial, office and alternative sectors such as medical and childcare, while the rapid need for increased housing is likely to fuel growth also in the development site sector.

$600 $400

$200 $-

Source: Ray White Commercial, RCA, PIMS Source: Ray White Commercial, RCA, PIMS

To view the complete Between the Lines: Western Australia Commercial Investment Activity, Financial Year Review, visit our website: www.raywhitecommercial.com/research

Industrial assets have been the standout performer nationally during this pandemic period. The growth in interest by small business (owner occupiers), private investors both local and interstate have driven up capital values in some regions while new lows in yields have been recorded. Over this 12-month period we have recorded $1.148 billion in sales transactions, 1.39% up on last year’s results. With demand for stock in excess of what is available to the market we have witnessed some

PORTFOLIO | Ray White Commercial | 7

SHOULD YOU INVEST IN COMMERCIAL PROPERTY? As we continue through this period of low interest rates and rising residential prices, we are seeing more and more investors seeking out commercial assets to diversify their portfolio. However, there are several key things to remember when investing in these assets ensuring you balance both risk and return.

Historically, smaller private buyers would seek out more traditional commercial investments such as office suites and retail shops. However, given the changes in our economic landscape and the way we are interacting and doing business in a post COVID-19 economy, these assets have lost some favour. More recently there has been a swing to industrial and alternative use assets such as medical suites and childcare setting new benchmarks in demand and values.

Despite the threat of online retailing we continue to see activity across the strip retail market by first time commercial investors, this being the most affordable

8 | PORTFOLIO | Ray White Commercial

price point for retail assets. Tenanted, prime retail strips in some locations can achieve yields in the sub 3.50 per cent range, while retail shops in secondary location achieve very different levels of return as the tenancy opportunity is lessened due to exposure and can be subject to higher vacancy or tenancy turnover. A good rule is to walk around the area you are interested in and see if there are many “For Lease” boards and talk to agents about the churn of tenants.

We continue to see tenancies such as clothing & soft goods decline in our retail strips making way for more service orientated businesses and food retailers.

The asset which has seen the greatest growth in popularity over the past few years is Industrial.

Location is key for industrial investments with access important, proximity to major road and rail nodes is often a consideration for tenants as is clearance and parking. Industrial assets have a wide range in values from small storage and strata industrial unit

facilities in suburban locations to large distribution centres located in industrial estates, as a result yields can range from 4.00 per cent to 8.00 per cent.

When looking to purchase these assets, assess the occupancy level in your region and potential new supply additions which could hinder growth. For older assets future capital expenditure needs to be factored in to keep the standard of property high to compete in the leasing market. Tenancy risk can be elevated when dealing with small businesses however purchasing properties already leased or with a long WALE (weighted average lease expiry) gives certainty on income and expiry particularly for multi tenanted properties.

Alternative assets are also in growing demand by private buyers due to the attractive returns on offer and certainty of lease covenant. We have seen turnover levels increase for these assets such as medical suites/centres and childcare; these are heavily government subsidised giving the buyer confidence in returns. Similarly, these assets are often kept to a high standard in terms of repair and hygiene given their use; tenants also commit to long lease terms and invest heavily in their accommodation.

The demographics of the area is a key consideration for these assets with growing population, increasing the need for these services.

Some key things to remember when buying your first commercial investment: • Rent calculations are based on an area leased and often include an incentive • Tenants generally pay all outgoings • Lease terms are longer depending on the agreement entered • Management fees are generally higher than residential properties • Vacancy factor can impact returns and future capital appreciation • Future capital expenditure should be considered to keep property to high standard • Consider the WALE of the property • Location is king for any asset type. Industrial close to major transit routes, retail which feature strong foot traffic, office space within a vibrant employment zone while medical or childcare look at the local demographic profile.

• Remember, the higher returns achievable are often directly as a result of the greater risk involved in investing in this asset type.

PORTFOLIO | Ray White Commercial | 9

MIXED-USE EASTWOOD SITE SELLS UNDER (ONLINE) HAMMER FOR $19.25M A mixed-use freehold commercial building with development potential in the heart of Eastwood in Sydney’s north-west has sold under the hammer for $19,250,000 in a heated online auction.

an online auction platform as a result of the Sydney lockdown didn’t deter buyers, who were prepared to competitively bid to own this coveted piece of real estate.

The winning bidder of 42-50 Rowe Street in Eastwood was a local private Asian investor.

“We had to make a quick pivot after lockdown was called during the campaign, but it paid off to push ahead and utilise the well-crafted online auction technology we had at our disposal,” Mr Hadgelias said.

It was the first time in 30 years that the 1,467 sqm* site improved by a warehouse and showroom asset was offered to the market, with its development potential and location being a major factor in the campaign success.

The switch to online auctions has been perfected by real estate groups throughout the pandemic.

The campaign was run by Ray White Commercial Metropolitan Sydney’s Jeff Moxham and Samuel Hadgelias, and Ray White Commercial Western Sydney’s Peter Vines and Victor Sheu.

“Our team were simply able to adapt and carry on with the auction online after all our experience with online auctions last year, this ability to confidently adapt provided great benefit to our vendors,” Jeff Moxham said.

The sale is one of the largest online auction results that the Ray White group has ever seen, with the bidding starting at $13,000,000 and increasing in fast paced increments.

Victor Sheu, who has had a number of successful recent auctions in Eastwood said that these types of assets perform very strongly, and are usually held for generations.

“It was an incredibly successful campaign, with over 185 enquiries, more than 30 individual inspections and 14 registered bidders logging in online on the day to compete with 77 bids,” Peter Vines said.

“Buyers are desperate to put their foot on anything in a prime location, where they can take a minimal return and develop in the future,” Mr Sheu said.

“As one of the few retail markets unaffected by the COVID-19 pandemic, Eastwood’s retail market is stronger than ever,” Mr Vines said.

Samuel Hadgelias said that the last minute switch to 10 | PORTFOLIO | Ray White Commercial

“These assets are fiercely contested by many local Chinese and Korean owners,” he said.

“Eastwood is a genuinely unique market as it attracts a range of buyers that have an emotional attachment to the area.”

TOP 10 TIPS FOR LEASING YOUR COMMERCIAL PROPERTY We sat down with Ray White Commercial (WA) Sales and Leasing Executive Lachlan Burrows for his top 10 tips for leasing your commercial property.

1. Choosing the right property There are four main types of commercial property: Office, retail, industrial or specialty. Each asset class has its own pros and cons.

Industrial is usually lower risk as vacancy is low and tenancy terms are longer, whereas retail is often higher risk due to shorter tenancies and higher vacancy, yet return is often higher.

2. Know the legislation Commercial leasing is very different to residential leasing, lease terms are more complicated and legislation varies depending on the type of asset and state.

Generally, commercial leases are in the owners’ favour, except for retail leases which are covered by separate legislation.

3. Know your rights and responsibilities Unlike residential property, a tenant is usually responsible for the outgoings such as council rates and strata fees. They’re also responsible for the majority of maintenance.

However, anything structural or damaged due to fair wear and tear is still the owner’s responsibility.

4. Presentation First impressions count, even in commercial property. A fresh coat of paint, professional photos and a bit of landscaping can go a long

way in setting your property apart from the competition.

Present the property as you would expect to find it if you were a tenant. Better quality presentation gets you better quality tenants.

5. Always research competition in the marketplace Tenants actively looking for a property will know exactly what’s on the market. It’s important as well that you're able to negotiate square metre rates and give yourself a competitive advantage against other properties.

6. Locating and managing tenants There are a multitude of marketing avenues to advertise commercial property, choosing the right ones can be costly upfront but can save you a lot of money from vacancy.

Installing a signboard, utilising major website portals and print advertising can put your property in front of more people. Utilising a knowledgeable leasing agent can save you a headache and significant vacancy times.

7. Choosing the right tenant Conducting background checks and financial checks is imperative to a successful investment. Ensuring the tenant’s history is positive and their financial position is positive can prevent headaches in the future.

8. Understanding incentives In a competitive market, landlords will compete hard to secure tenants. Usually this will involve incentives such as fitout contributions or periods of

free rent. A period of free rent is preferential than decreasing the face rent, especially for a longerterm lease.

9. Make sure you are protected In a commercial lease, it’s the tenant’s responsibility to pay the outgoings which includes insurance. They're required to set up certain insurances like workers compensation, public liability, and plate glass.

This must be done prior to key handover. It’s important for an owner to ensure there’s security on the lease in the form of a cash bond, bank guarantee, or director guarantor.

10. Get the right advice Everyone has an opinion on property and it’s important you get the right information from the right people.

An agent can assist you in preparing your property for lease and locating tenants, a property manager can handle the on-going management of the tenant and property including rental payments, associated outgoings, and maintaining the integrity of the asset.

We recommend lawyers getting involved in the preparation of most leases to ensure you’re adequately protected.

Your accountant can advise you on the tax benefits of owning a commercial property. A good agent can recommend someone for each aspect of your property needs.

PORTFOLIO | Ray White Commercial | 11

RAY WHITE PROUD: NATHAN MOORE – RAY WHITE COMMERCIAL BAYSIDE

We sat down with Nathan Moore from Ray White Commercial Bayside to hear a little more about what it means to him to be part of the Ray White family, after more than 20 years.

Please explain why you were attracted to Ray White in the first place?

We can now operate from anywhere at any time.

A real game-changer.

What do the family values mean to you and how do they guide how you work?

I was initially drawn to the strength and recognition of the brand – it’s always been a powerhouse in the Australian property arena – a real Aussie icon.

The values of leadership, integrity, curiosity and discipline align with my own personal principles, so for me they’re a satisfying and fulfilling mantra that shapes my decision-making processes and actions every day.

What have you enjoyed most since you started with the brand?

Does the power of the Ray White brand help you to win business/recruit? How so?

I particularly enjoy the ongoing training and personal development. The constant opportunities to learn and keep ahead of the curve is a real competitive advantage.

Absolutely. Perception is everything. The respect of the Ray White brand is a huge asset – it sets us apart from our competitors. Clients have confidence knowing they’re dealing with a professional and international real estate group with an impeccable reputation.

Talk me through the best deal you have done?

Where and why?

Would have to be the sale of the Lighthouse Bar & Restaurant at Cleveland. Off the back of a comprehensive marketing campaign and the strength of our network of contacts, there were 300+ in attendance at the auction, and the property sold for more than $2 million over the reserve!

What resources/technology have benefited you and why?

Smart phones and cloud-based computing have definitely changed the way we work.

12 | PORTFOLIO | Ray White Commercial

What is the growth potential here?

Unlimited – if you follow the training and use the resources available. Add your own motivation and hard work and the possibilities are endless.

Would you recommend others to join? If so, why?

Yes. We have a team-based culture, a supportive environment and encourage continual professional development. Everyone has the best opportunity to succeed.

PORTFOLIO | Ray White Commercial | 13

DECEASED ESTATE - FREEHOLD OFFICE BUILDING 8 Bay Street, Southport

AUCTION

Thursday 19 August at 11am - The Gold Coast Turf Club, Bundall • Freestanding freehold building ready to occupy • 405m2* of land with 333m2* 2-level office building • Secure parking for up to 8 vehicles • Walking distance to St Hilda’s school, major shops & businesses and G:Link station • Sensational Southport CBD location, just around the corner from the Court House • Deceased estate auction - don’t miss out

Michael Willems 0412 240 176 m.willems@rwsp.net Tania Moore 0439 043 025 tania.moore@cbre.com

*Approx

raywhitecommercialgoldcoast.com

RETAIL GEM IN CENTRAL SURFERS PARADISE - MUST BE SOLD 13/3142 Surfers Paradise Boulevard, Surfers Paradise

AUCTION

Thursday, 9 September, 2021 at 11am Crowds of pedestrians and shoppers at your front door!

• Ground floor 450m2* retail space • Multiple entrance points, large shopfront • 15 car lots plus multiple storage space • Separate male and female amenities • Suit investor and end users

Sanja Stankovic 0413 164 127 s.stankovic@rwsp.net

*Approx

raywhitecommercialgoldcoast.com

10 YEAR LEASE TO MAJOR TENANT - NET $600,000* P.A. + OUTGOINGS 515-593 Sturt Street, Townsville City

SALE

$9,500,000 • Net income $600,000* p.a. + GST + outgoings + increases • 10 year lease (ends August 2029) with 3 x 5 year options • Home of Nissan dealership since 1970 • Surrounded by other major brands

• High exposure on main traffic road with easy access • Land area 7,590m2* with 161m* of main road frontage • Motivated seller with very clear instructions

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

*Approx

raywhitecommercialgoldcoast.com

FIRST TIME OFFERED FOR SALE IN 40 YEARS | OWNER RETIRING - WILL BE SOLD 12 Lambert Road, Indooroopilly

Locations Indicative Only

AUCTION

Fri 13 Aug 2021 10:30am | Level 26, 111 Eagle Street, Brisbane Qld 4000 • • • • •

Land area: 410m2* (freehold opportunity) Develop^, owner occupy or potential investment Comprises a refurbished commercial building with on site car parking Zoned MU2 Mixed Use (Centre Frame) - Multi Purpose Centre Precinct** Adjoining Indooroopilly Railway Station and central to major infrastructure and popular amenity

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

*Approx

raywhitespecialprojects.com

3,627M2* LOGAN CENTRAL APPROVED DEVELOPMENT SITE 5-11 Mayes Avenue, Logan Central

Outline and Locations Indicative Only

AUCTION

Fri 27 Aug 2021 10:30am | Level 26, 111 Eagle Street, Brisbane Qld 4000 • • • • • •

Land area: 3,627m2* Cleared, flat land with 73m* street frontage Development Approval for 90 bed Residential Aged Care Designated "Centre" providing a range of alternate development options (^STCA) Close to major arterial roads and infrastructure Directly adjacent to KFC in the heart of the Logan Central retail and business precinct

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

*Approx ^Subject to Council Approval

raywhitespecialprojects.com

GOLDEN DEVELOPMENT OPPORTUNITY - 2,130M2* SURFERS PARADISE SITE 8-10 Acacia Avenue & 25-27 Oak Avenue, Surfers Paradise

Outline and Locations Indicative Only

OFFERS TO PURCHASE • DA approved for 45-storey building, comprising 211 apartments (405 beds) with two street frontages • Zoned "High Density Residential" and "HX - Unlimited Height" • 4 adjoining properties - significant gross rental income of $200,000* p.a.

• Popular 'Budds Beach' location close to light rail, shops, cafes/restaurants, river and famous Surfers Paradise beach

Matthew Fritzsche 0410 435 891 matthew.f@raywhite.com Michael Willems 0412 240 176 mwillems@rwsp.net

*Approx

raywhitespecialprojects.com

MULTI-TENANCY OPPORTUNITY 64-66 Goondoon Street, Gladstone Central

EXPRESSIONS OF INTEREST Closing Thursday 26 August 2021 • • • • • •

Under instructions from The Public Trustee of Qld 735m2* land area across three (3) lots Three (3) office tenancies, one leased Three (3) residential tenancies 668m2* of lettable floor area Expansive harbour views

Andrew Allen 0408 799 585 andrew.allen@raywhite.com

*Approx

raywhitecommercialgladstone.com

MAJOR INDUSTRIAL FACILITIES WITH LARGE HOLDING INCOME 178-186 Hugh Street and 58-62 Keane Street, Currajong

• Approximate

FORMAL OFFERS TO PURCHASE Closing Thursday 2 September 2021 at 4pm • • • • • •

91 tenancies configured as office/showroom/warehouse units 2 complexes over multiple titles (Portfolio 1 & 2) Diverse income streams Building area: 13,413m2 Land area: 29,750m2 Returning $1,023,565 pa net plus GST (Combined portfolios)

Adrian Pascoe 0417 622 240 adrian.pascoe@raywhite.com Troy Townsend 0407 213 887 troy.townsend@raywhite.com

raywhitecommercialtownsville.com

1,075M2* FREESTANDING INDUSTRIAL SHED 19 Smith Street, Capalaba

Outline Indicative Only

SALE

Benn Woods 0408 689 651 benn.woods@raywhite.com

Expressions of Interest Closing 5 Aug, 4pm • 1,075m2* building (840m2* warehouse + 235m2* office) on a 2,023m2* lot • 5 container-height roller doors • 34kw solar system and 3 phase power

• Secure fenced yard with 20 car parks • Broad frontage with excellent signage opportunities • Suitable for container unloading

Nathan Moore 0413 879 428 nathan.moore@raywhite.com

*Approx

raywhitecommercialbayside.com

BUILD READY INDUSTRIAL LAND Redlands Business Park, Redland Bay

SALE • • • •

Modern industrial estate Wide roads and gated security Prepaid headworks Streamlined approval process

Nathan Moore 0413 879 428 nathan.moore@raywhite.com • Land areas from 1,403m2* • Prices from $561,200

Jonathon Burrowes 0421 383 668 jonathon.burrowes@raywhite.com

*Approx

raywhitecommercialbayside.com

14 | PORTFOLIO | Ray White Commercial

TOWNHOUSE DEVELOPMENT SITE (M.I.P) 23 Wilson Street, Botany

AUCTION

Thursday 19th August, 1.00pm, 50 Margaret Street, Sydney CBD • • • • •

Substantial construction works completed Approved for 8 townhouses, 3 stories Site area - 1,094 sqm* / GFA - 1,183.4 sqm* Single level basement Under instructions from the Mortgagee in Possession

Samuel Hadgelias 0403 254 675 shadgelias@raywhite.com Tina Bligh 0431371102 tina.bligh@raywhite.com

*Approx

raywhitecommercialnsw.com

DA APPROVED COASTAL LAND SUBDIVISION (M.I.P) Forest Heights Estate, Forest Road, Nambucca Heads

Boundary and locations indicative only

AUCTION

Thursday 19th August, 2021 at 1pm (AEST), 50 Margaret Street, Sydney CBD • • • • • •

DA Approved for 22 land lots within the Forest Heights Estate development Gross Site Area of 1.94 Hectares* Subdivisible lots ranging from 830m* - 1863m* Minimal competing stock in the immediate area 750 m* to Nambucca Heads Village Centre & 3.2 km* to Nambucca Train Station Offered on behalf of the Mortgagee in Possession

Tina Bligh 0431371102 tina.bligh@raywhite.com Samuel Hadgelias 0403 254 675 shadgelias@raywhite.com

*Approx

raywhitecommercialnsw.com

PRIME BANK TENANT - MOSMAN'S BEST LOCATION OFFERED FOR THE FIRST TIME IN 25 YEARS 892 Military Road, Mosman

AUCTION

Thursday 19th August, 1.00pm, 50 Margaret Street, Sydney CBD • • • • • •

Outstanding Investment Opportunity with Development Upside (STCA) 404.7 sqm* land size 337 sqm* lettable area Net Income - $309,469* per annum + GST 10m* street frontage to Military Road Two street frontages with direct access to 92* public car spaces

Scott Stephens 0409 960 006 scott.stephens@raywhite.com

*Approx

raywhitecommercialnswsydneynorth.com

SYDNEY'S BEST RETAIL STRIP | ENTRY LEVEL INVESTMENT OPPORTUNITY Shop 5/ 732 Military Road, Mosman

AUCTION

Thursday 19th August, 1.00pm, 50 Margaret Street, Sydney CBD • • • • •

Lettable area of 60 sqm* Security car parking for 3 cars Prominent shop front with frameless glass Perfect retail position in prime Military Road, Mosman Surrounded by established, long-standing and leading retailers

Scott Stephens 0409 960 006 scott.stephens@raywhite.com Morgan Gilbert 0452 223 232 morgan.gilbert@raywhite.com

*Approx

raywhitecommercialnswsydneynorth.com

DECEASED ESTATE - FREEHOLD INVESTMENT PROPERTY OFFERED WITH VACANT POSSESSION 108 Pacific Highway, Roseville

AUCTION

Thursday 19th August, 1.00pm, 50 Margaret Street, Sydney CBD • • • • • •

Three storey mixed-use Retail, Commercial, and Residential freehold 228 sqm* land area 421.6 sqm* Building area Three street frontages Great Investment opportunity with potential Development Upside (STCA) Prime location on Pacific Highway, opposite Roseville train station

Scott Stephens 0409 960 006 scott.stephens@raywhite.com Logan Grisaffe 0403 916 433 logan.grisaffe@raywhite.com

*Approx

raywhitecommercialnswsydneynorth.com

WAREHOUSE IN A CENTRALLY LOCATED INDUSTRIAL ESTATE 11/75 Corish Circle, Banksmeadow

AUCTION

Thursday 19th August, 1.00pm, 50 Margaret Street, Sydney CBD This north-facing commercial warehouse offers a great opportunity in a secure gated estate.

• 83sqm* warehouse, 28sqm* mezzanine , Zoned 1N2 • 5.2m clearance roller door ideal for containers • Large open plan ground floor workshop area • 2 x side-by-side car spaces plus loading dock

Alex Santelli 0403 104 146 a.santelli@rwcss.com Anthony Vella 0412 232 904 a.vella@rwcss.com

*Approx

raywhitecommercialsouthsydney.com

STRIKING WAREHOUSE CONVERSION WITH B7 BUSINESS PARK ZONING 16 Erith Street, Botany

AUCTION

Thursday 19th August, 1.00pm, 50 Margaret Street, Sydney CBD Currently used as a live-in art studio, this dual level warehouse conversion warehouse conversion offers a flexible workspace and/or home. Ideal corporate HQ or showroom.

• 490sqm* block, freehold building, FSR 1.5:1 • Rear access via Bay St to parking & tandem garage • Live-in office or transform to a full corporate space • Minutes to Mascot Station/CBD, close to arterial roads, Sydney Airport, Port Botany

Alex Santelli 0403 104 146 a.santelli@rwcss.com

*Approx

raywhitecommercialsouthsydney.com

END ROW WAREHOUSE IN A SECURE BUSINESS PARK 17/17-21 Henderson Street, Turrella

AUCTION

Thursday 19th August, 1.00pm, 50 Margaret Street, Sydney CBD This spacious warehouse in the secure Henderson Business Park. Set only a short walk from Turrella Train Station and close to major arterial roads.

• 135sqm*ground floor workshop features clearspan, IN2 zoning • 36sqm* mezzanine with an enclosed office • Washroom, kitchenette, client entry, air-conditioning • Easy truck access, high clearance roller door & 3 parking spots

Alex Santelli 0403 104 146 a.santelli@rwcss.com Anthony Vella 0412 232 904 a.vella@rwcss.com

*Approx

raywhitecommercialsouthsydney.com

FREESTANDING PROMINENT CORNER WITH PARKING 2 Stanley Street, Leichhardt

AUCTION

Thursday 19th August, 1.00pm, 50 Margaret Street, Sydney CBD • Freestanding with land size of 278sqm* • Adaptable floorplan depending on your requirements • Great opportunity for work & live lifestyle

• 4 Secure off-street car spaces combined with street parking options • Well presented, natural light, timber floors and AC • Expired lease to Heal It - Health Studio at $68,411 per annum

Kristian Morris 0411 415 297 kristian.morris@raywhite.com Tom Jones 0456 734 717 tom_jones@raywhite.com

raywhitecommercialsydneycityfringe.com.au

DEVELOPMENT OPPORTUNITY - PROMINENT INNER WEST LOCATION 30 and 32 Parramatta Road, Summer Hill

AUCTION

Thursday 19th August, 1.00pm, 50 Margaret Street, Sydney CBD • • • • •

Total site area 929sqm* Potential GFA - 1,858sqm^ Flexible B6 - Enterprise Corridor Zoning FSR 2:1 and 15 Meter height limit^ Highly sought after Inner West location

• Two semi-detached homes with holding income • Summer Hill Station - 500m* • Taverners Hill Light rail - 300m*

Kristian Morris 0411 415 297 kristian.morris@raywhite.com Lachlan Palm 0452 008 887 lachlan.palm@raywhite.com

*Approx ^Subject to Council Approval

raywhitecommercialsydneycityfringe.com.au

FULLY LEASED ASSET WITH MAJOR DEVELOPMENT UPSIDE 12-16 Hardwick Crescent, Holt

EXPRESSIONS OF INTEREST Closing 26 August 2021

1052 sqm retail/showroom building on corner site of 2285 sqm opposite Kippax Fair Shopping Centre. Fully leased with multiple tenants producing a net income of circa $206,000 pa plus GST. CZ 2 zoning allowing for 3 storey development including residential* Capitalise on the rapid residential growth in West Belconnen and its positive impact on commercial property. Kippax Fair likely to undergo major extension and refurbishment as a result of ACT Government selling Section 30.

Mark Thompson 0438 624 042 mark.thompson@raywhite.com

raywhitecommercialcanberra.com.au

16 | PORTFOLIO | Ray White Commercial

SECURE NATIONAL TENANT 5 Cocos Drive, Bibra Lake, WA

Outline indicative only

EXPRESSIONS OF INTEREST

Closing Thursday, 19 August 2021 at 4pm (AWST) • • • • • •

Tenant: AMPOL (Caltex) Current Rent $306,397pa + Outgoings + GST Fixed 4% increases annually Lease commencement 18/12/2013 Lease Term 15 Years Option renewal system 5 years + 5 years (up to Dec 2038)

Enrique Reyes 0421 888 688 enrique.reyes@raywhite.com Josh Sumner 0488 221 331 josh.sumner@raywhite.com

raywhitecommercialwa.com

XCHANGE UPWARDS 181-189 Bulwer Street, Perth, WA

Outline indicative only

EXPRESSIONS OF INTEREST

Closing Wednesday, 18 August 2021 at 4pm (AWST) • • • • • •

Commanding city views Desirable high amenity location 1,864sqm* - prominent corner Potential 4 storeys mixed use Commercial, retail, residential Telstra leaseback holding income

Stephen Harrison 0421 622 777 stephen.harrison@raywhite.com Michael Milne 0403 466 603 michael.milne@raywhite.com

*Approx

raywhitecommercialwa.com

TWO PRIME INNER CITY DEVELOPMENT SITES 108 Beaufort Street & 220 Pier Street, Perth, WA

Outline indicative only

EXPRESSIONS OF INTEREST

Closing Thursday, 19 August 2021 at 5pm (AWST) • 108 Beaufort Street • 2,277sqm* site (approx) Approved for 21 level mixed use project • 220 Pier Street • 3,490sqm* site (approx) Plot Ratio of 4:1 with a max of 6:1 (^STCA)

Brett Wilkins 0478 611 168 brett.wilkins@raywhite.com Luke Pavlos 0420 880 880 lukep@lease-equity.com.au

^Subject to Council Approval

raywhitecommercialwa.com

RIDE THE SUBIACO RESURGENCE 290-300 Hay Street, Subiaco, WA

Outline indicative only

SALE

$4,750,000 (Going Concern) • • • •

Leased investment - strong income Stunning renovated buildings 1,620sqm* land (4 adjoining lots) Highrise, high-density zoning

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

*Approx

raywhitecommercialwa.com

MALIBU APARTMENTS 30 Cleaver Street, West Perth, WA

Outline indicative only

SALE

Expressions of Interest • • • • • •

Entire freehold complex 15 spacious furnished units with city skyline views Strong income generation 1,098sqm* elevated site Rear ROW parking access High density (R80) zoning

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

*Approx

raywhitecommercialwa.com

PORTFOLIO | Ray White Commercial | 15

FULLY TENANTED INDUSTRIAL INVESTMENT 50 Disraeli Street, Addington, Christchurch

SALE

Deadline Sale Closing 4pm Wednesday 18th August 2021 at Level 2, 76 Hereford St, Christchurch (unless sold prior) Modern warehouse/office building of over 1,400m2*. Leased long term to Airtech NZ Ltd for 8 yrs from April 2018 (+ ROR’s ), returning $200,000pa + GST + outgoings.

Airtech have occupied the property since 2010. Well located in the popular industrial area of Addington close to the CBD. Underpinned by a large land area of 1,638m2 which provides generous car parking (25). This investment will attract an investor looking for a hassle free addition to their commercial portfolio. Currently 68% NBS.

Paula Raine +64 27 221 4997 paula.raine@raywhite.com

*Approx

www.rwcchristchurch.co.nz

Licensed Salespeople (REAA 2008) - Ray White Commercial (Christchurch)

MODERN STANDALONE OFFICE BUILDING 50 Durham Street, Sydenham, Christchurch

SALE

Deadline Sale Closing 4pm Thursday 5th August 2021 at Level 2, 76 Hereford St, Christchurch (unless sold prior) Rare opportunity for an owner occupier to purchase this superb, modern, high specification, standalone, two level office building, designed by MAP Architecture. NBS of 85%. Ground floor of 112.7m2*, first floor of 152.4m2* plus undercover car park of 41.5m2*. Total building 306.6m2*. Excellent onsite car parks (8) accessed by automated security gates. Advantaged by being on its own freehold title of 410m2. No Body Corporate hassles. Top location and surrounded by other quality buildings.

Bryan Ashworth +64 21 212 9308 bryan.ashworth@raywhite.com

*Approx

www.rwcchristchurch.co.nz

Licensed Salespeople (REAA 2008) - Ray White Commercial (Christchurch)

ATLAS URBAN ECONOMICS IS A NEW GENERATION URBAN AND REGIONAL ECONOMICS PRACTICE. Our services include economic analysis, financial analysis and property valuation, help with development planning, strategic planning and infrastructure planning.

The sectors we cover: agriculture, aviation, business uses, culture and community, economic development, education, health, housing, infrastructure, innovation, mixed use, public policy, regional economy, urban renewal.

We help developers, investors, planning authorities and policy makers with advice related to land use, property and infrastructure.

Visit us here atlasurbaneconomics.com for more information.

Or get in touch info@atlasurbaneconomics.com

ATLASURBANECONOMICS.COM

INTRODUCING

RAY WHITE VALUATIONS With over 200 years of combined valuation knowledge and experience backed by Ray White’s national and international presence, we are trusted for our consistent and accurate reporting and are often sought out for our unrivalled research and property advice by homeowners, investors, developers, estate agents and lenders alike.

OUR VALUATION SERVICES Valuations for Commercial Real Estate including Office, Retail, Industrial and Shopping Centres; Valuations for Going Concern including Hotels and Resorts, Pubs, Golf Courses, Childcare Centres, Boarding Houses and Student Accommodation; Valuations for Residential Real Estate including Residential Developments, Prestige Residential Properties, Residential Subdivisions and Unit Entitlement Valuations; Valuations for Corporate and Government Portfolios; and Expert Legal Witness

WE REGULARLY COMPLETE VALUATIONS FOR: Major banks and other lending institutions, developers and investors, property trusts, government bodies, liquidators and administrators, lawyers, accountants and brokers.

Providing valuations in a range of scenarios including: Mortgage security, rental assessment, unit entitlement, sale and purchase advice, rate objections and statutory value, restructuring ownership splits, cash flow modelling.

Get in touch

ROBERT WILSON

Managing Director / Partner Ray White Valuations NSW 0424 135 642 robert_wilson@raywhite.com

ADAM ELLIS

Partner Hotels & Leisure 0411 752 293 adam.ellis@raywhite.com

PETER WILTSHIRE

Partner Residential Development 0414 780 448 peter.wiltshire@raywhite.com

RAYWHITECOMMERCIALNSW.COM/VALUATIONS

JARROD PILTZ

Partner Retail, Industrial & Office 0400 204 640 jarrod.piltz@raywhite.com

RAY WHITE COMMERCIAL KNOW PROPERTY MANAGEMENT Over 8,800 tenancies managed across Australia and New Zealand Utilising the most up to date technology to ensure your investment is always performing at its optimal level Over 112 property management specialists, supported by 351 industry-leading commercial agents in over 47 locations across Australasia

WE MANAGE

Offices

Industrial/ Warehouses

Showrooms/ Bulky Goods

Medical Precincts

Childcare Centres

Service Stations

Pubs

Retail

Recreational Facilities

Food and Beverage

$

Shopping Centres

Motor Dearlerships

PORTFOLIO | Ray White Commercial | 19