Ray White Portfolio Magazine - January 2024

PORTFOLIO 1 | P O R T F O L I O | RWC

JANUARY 2024 N O TA B L E C O M M E R C I A L S A L E S O F 2 0 2 3 UNVEILING THE SIMPLE PROCESS OF CHANGING MANAGING AGENTS HOW TO THRIVE TO ‘25: OPPORTUNITIES FOR COMMERCIAL PROPERTY EXPERTS DISCUSS COMMERCIAL PROPERTY OUTLOOK FOR THE YEAR AHEAD

ANDREW FREEMAN HEAD OF AGENCY O P E R AT I O N S

2 | P O R T F O L I O | RWC

This month in Portfolio Happy new year and welcome to RWC’s first

We hear from RWC property management

edition of Portfolio magazine for 2024, our

expert Leteicha Wilson who talks us through

summer edition. We’re so excited to welcome

the process of changing asset managers, and the

the new year, and look forward to working with

potential benefits involved.

you in the months ahead.

We also recap on our final Between the Lines In this edition of Portfolio we look back on

Live webinar for 2023, where Vanessa was

some of RWC’s most notable sales for 2023,

joined by RWC Western Sydney managing

featuring properties from NSW, Queensland,

director Peter Vines to discuss the 2023

and Western Australia.

property market and what lies ahead for 2024.

Ray White head of research Vanessa Rader shares the top opportunities in the commercial property market for this year, which she believes will help investors thrive through to 2025,

James Linacre General Manager

when the market is expected to receive some rates reprieve.

Quick jump to a region

WA

NT | SA

QLD QUICK JUMP TO A REGION

NSW | ACT

VIC | TAS

NZ

RWC’s 2023 notable sales 1415 David Low Way, Yaroomba QLD $100+ million Sold by Mark Creevey, Tony Williams, Matthew Fritzche, Ray White Special Projects QLD, and Michael Shadforth, RWC Northern Corridor Group, in conjunction with Colliers International developer Sekisui House sold a 18.55ha beachfront residential development site on the Sunshine Coast. The site had development approval for a total of 291 dwellings, split between 112 detached dwellings, 41 terrace dwellings and 138 apartments. The approval also includes 500sqm of retail use, plus significant landscaping and open spaces. It was snapped up by the Dennis Family Corporation in August this year.

96 and 110 William Street, and 255 Murray Street Mall WA $48 million Sold by Brett Wilkins, RWC WA Brett marketed the property on behalf of JJ Leach Group who are releasing the property to focus on other developments. It was bought by the Humich Group who have been, in recent years, the most significant purchaser of Perth CBD retail property.

The property comprises three tenanted buildings with a total floor area of 4,067sqm, and sold with a passing yield of 4.89 per cent. Mr Wilkins said this was the biggest property sale in the Perth CBD so far this year.

149-163 Milton Street, Ashbury NSW $45 million Sold by Peter Vines and Victor Sheu, RWC Western Sydney Sold in June 2023, RWC Western Sydney agents Peter Vines and Victor Sheu conducted the expressions of interest campaign on behalf of the vendor Ashbury FMBM Pty Ltd. The 1.645ha site is DA approved for 59 apartments and 68 townhouses overlooking W H Wagener Oval with views to the CBD from upper floors. The property was purchased by Ashbury Projects Pty Ltd.

4 | P O R T F O L I O | RWC

P O R T F O L I O | RWC | 5

How to thrive to ‘25: Opportunities for commercial property VAN E S SA R ADE R Ray White Head of Research

The broader commercial property market had some difficulties last year with reduced volumes and rising finance costs resulting in upward pressure in yields. While these pressures will remain for much of 2024, opportunities will emerge. The next 12 months will be a period where informed buyers rise to the top ready to unlock opportunities in this cyclical property market.

1. BLOCKS OF UNITS As much of the country is facing a housing supply shortage, rents continue to grow and house prices have also maintained their upward momentum. With the population continuing to increase the pressure on housing remains and beds will be top of mind for many savvy investors. While build to rent grows in popularity across the institutional sector, private buyers have been quick to acknowledge these market forces and look to snap up blocks of unit investments. These offer not only strong regular income but many attractive exit strategies, capitalising on the strength of the residential market. Market activity in this space was limited in 2023 with assets tightly held which is likely to continue in 2024, however, we expect the market appetite to increase.

2. VACANT INDUSTRIAL Industrial continued to show good results this year; rental demand has stabilised but low vacancies will ensure rental growth does continue. Increased cost of finance has influenced yields which is likely to remain this year which may see more distressed assets come to market. Given the strong growth in construction costs, the viability of new developments has been put under the spotlight and assets which offer opportunity to reposition or renovate may be a clever way to get into the industrial sector. Vacant assets with potential may be an affordable means of entering the industrial market with future income growth opportunities.

6 | P O R T F O L I O | RWC

3. EDUCATION Alternatives such as medical and childcare have all been strong performers in recent years. However, like many alternatives, a growth in buyers and a fear of missing out see volumes spike and values reach sometimes unsustainable levels. Education, notably the tertiary sector, is an emerging sector ripe for investment.

In recent years we have seen universities take up space within office assets as an alternative to campus style facilities, however, many institutions continue to sit on large land parcels which could partner with the private sector to develop and value add.

While this is a small sector of the market, the growth of private education facilities across the country could be an opportunity for those looking for “outside the box” investments.

4. SUSTAINABLE ASSETS With many owners setting new goals around ESG principles for their accommodation needs and investment portfolio, the appeal of assets which meet these objectives will rise in attractiveness.

This is across all asset classes. A focus on responsible investing including environmental features such as electrification, renewable resources, waste and water management together with social influences surrounding wellbeing and comfort will become market expectations. Green leases, as businesses strive towards net zero emissions, will grow in attractiveness. Assets which can achieve these are expected to see premiums and is an area in which investors could see opportunity.

5. SUBDIVISIONS Englobo land while diminishing in volume is expected to continue to be a clever way to capitalise on market pressures. The need for land for residential and industrial uses in particular has not reduced and the requirement of serviced subdivided land will grow in line with our population. With construction costs continuing to increase and pressures on labour further growing the cost of development, the ability to on-sell the land component, leaving the construction risk with the end user, may be an attractive opportunity for some savvy investors.

P O R T F O L I O | RWC | 7

Seamless transitions: unveiling the simple process of changing managing agents LET EIC HA WI LS O N RWC Property Management BDE

Navigating the complex world of commercial real estate

crucial documents and property information.

can be challenging, and when it comes to managing

With expert guidance, investors can confidently navigate

agents, investors often find themselves hesitant to make

the switch, secure in the knowledge that every aspect of

a change, even in the face of mismanagement. However,

the transition is being handled with precision and care.

contrary to popular belief, the process of switching managing agents for your commercial assets is far simpler

Technology facilitates effortless data migration

than most investors realise. Here I will provide three compelling reasons why making the switch could not only

Transitioning to a new managing agent often involves

be essential for your investment's success, but is also

the transfer of critical data and information about

surprisingly easy to accomplish.

your commercial assets. The use of advanced property management technologies can significantly simplify

Transparent communication and agreements

this process. Reputable managing agents leverage state-of-the-art software systems that facilitate seamless

One of the primary misconceptions that hinder investors

data migration. With these technologies, essential

from changing managing agents is the fear of navigating

property information, financial records, and tenant details

complex legalities and contractual obligations. In reality,

can be efficiently transferred, ensuring continuity and

the process becomes significantly smoother when there is

accuracy during the transition. Embracing technology not

transparent communication and well-defined agreements

only streamlines the handover process but also sets the

in place. Before entering into a new management

stage for improved efficiency and transparency in

agreement, thoroughly review the terms and conditions

ongoing management.

with the potential managing agent. An experienced and reputable managing agent will guide you through the

The perceived difficulty of changing managing agents

process, explaining each step and ensuring you are fully

for commercial investments is a common misconception

aware of the transition details. This transparency not

that can hinder an investor's ability to optimise their

only simplifies the process but also establishes a strong

asset's performance. By embracing transparency in

foundation for a successful partnership.

communication, seeking professional assistance, and leveraging technology, investors can unlock the potential

Professional assistance and expert guidance

for a seamless transition. The ease of the process opens the door for investors to take proactive steps towards

Investors may be reluctant to change managing agents

maximising their returns and ensuring their commercial

due to concerns about the intricacies involved in

assets are managed to their full potential. Don't let the

transferring responsibilities smoothly. However, enlisting

'too hard basket' scenario hold you back – making

the services of a professional and experienced managing

the switch may be one of the most straightforward

agent can turn the tide in your favour. Reputable

and rewarding decisions you make for your

management companies specialise in facilitating

commercial investments.

seamless transitions. They are well-versed in handling the intricacies of the process, from communicating with the existing managing agent to coordinating the transfer of

8 | P O R T F O L I O | RWC

Experts discuss commercial property outlook for the year ahead

Hundreds of people tuned in to RWC’s final Between the

“We’ve seen a slow down from investors but also people

Lines Live webinar for 2023, where our experts discussed

wondering if they’ll be able to grow their business. So a year of

2023’s commercial market trends, and what’s in store

caution is really what we’ve seen.”

for 2024.

Mr Vines said the rapid increase in interest rates would come Ray White head of research Vanessa Rader was joined by

with a few more distressed sales.

RWC Western Sydney managing director Peter Vines. The pair discussed the highs and lows of 2023, and what opportunities

“You can't increase rates this quickly without seeing more of

lie ahead in 2024.

those kinds of sales,” he said. “It gets to a point where you can’t hold on any longer.

Ms Rader said transaction volumes had been down in 2023, largely due to the rapid interest rate increase seen throughout

“A lot of people saved money during covid, but they’ve spent

the year.

that money now.

Mr Vines agreed there had been a lot of inactivity.

“I think next year will see more people say they can’t hang on

“Whenever interest rates start to go up, the easiest thing is for

any longer.”

people to sit on their hands and do nothing,” Mr Vines said.

He said he believed the pain from increased interest rates “We have also seen a massive slow down in construction and

would continue to be felt in 2024.

projects not taking off because it's very difficult to make things work at the moment, especially things that were bought a few

“When rates rise like this consistently, they hurt, and instead

years ago, they just don't stack up anymore and people need a

of properties making you money, they cost you money,” he said.

return on their money.

“There’s interest rates but there’s also taxes, land taxes are at record highs.

“There’s also been a cautiousness from people knowing times could be slowing.

“People start to think ‘I better have some conviction for this long term, otherwise what’s my reason for holding?’

P O R T F O L I O | RWC | 9

“There are people out there struggling unfortunately, and I think that will continue next year.”

Despite these challenges, Mr Vines said there were plenty of opportunities in the commercial property market in 2024.

“There’s always good opportunity in any market, while there’s obviously some real challenges out there,” he said.

“Industrial was very strong in 2023. There’s clearly demand out there in certain areas, especially with the story of rents increasing.

“There will always be demand for good quality space, I think the larger players will continue to take market share and smaller players will find it more difficult to compete.

Ms Rader said existing product was king in the current industrial market.

Mr Vines said this was the case in almost all commercial asset classes.

“Whenever you don't have to build you’re taking less development risk and less construction risk, I think there’s very good value in that, not only in industrial but other asset classes as well where you can get in and refurbish something.”

Mr Vines said he was particularly bullish on blocks-of-units and other “beds” based assets.

“I love blocks of units, they’ve typically been a mum and dad style asset and, in a market of uncertainty, they have to be one of the best assets you can buy,” he said.

“We have a shortage of housing which will keep pushing your built form assets up.

“I’m exceptionally bullish on anything residential. I like houses as well, I like land, particularly near stations.

“Blocks of units are ready now, you don't have to get a DA, it's ready now and you can collect your rent. Even boarding houses and co-living spaces.”

While the outlook for 2024 is set to have its challenges, Mr Vines was positive about the future of the commercial property market.

“There is light at the end of the tunnel,” he said.

“There’s a huge amount of positivity in our market, you just have to hold on until we can get there.”

10 | P O R T F O L I O | RWC

Queensland

54 Currumbin Creek Road, Currumbin Waters, 4223

Auction Sunday 28 January at 10am Royal Pines Resort, Benowa

Irreplaceable iconic building in prime Gold Coast location Versatile fitout provides endless potential Benefiting from continuous traffic flow 2,111m2* land area

Peter Laoudikos 0422 118 288 peter.l@rwsp.net Matt Taylor 0429 959 429 m.taylor@rwsp.net

Vacant possession Zoned low-impact industry One of the Gold Coast's most renowned properties RWC Gold Coast

Endless possibilities. Absolutely will be sold.

*Approx

raywhitecommercial.com

3001/27 Garden Street, Southport, 4215

Auction Sunday 28 January at 10am RACV Royal Pines Resort

3001/27 Garden Street Southport - ideal for retail, medical and professional uses 143m2* plus 13m2* outdoors Ground level exposure excellent signage

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

1 exclusive use car space 3 hours free visitor parking 24/7 security Excellent street front exposure RWC Gold Coast

Motivated seller wants all offers submitted!

*Approx

raywhitecommercial.com

75-77 & 79-81 Jardine Drive, Redland Bay, 4165

Sale From $518,000 + GST

15 multi-purpose units in modern complex Sizes ranging from 139sqm* to 447sqm* Front electric container-height roller door access 3-phase power

Hugh Fletcher 0429 583 765 hugh.fletcher@raywhite.com Nathan Moore 0413 879 428 nathan.moore@raywhite.com

Self-contained disability-compliant toilet Excellent truck (including B-double) and vehicular access Multitude of car parks + ample visitor parking available RWC Bayside

Fully secured lock-up compound

raywhitecommercial.com

5 Development Court, Caloundra, 4551

Lease

Freehold industrial property Land area: 3,021m2* Building area: 1,300m2* Ample on site parking

Chantel Dielwart 0421 466 696 chantel.dielwart@raywhite.com Josh Harris 0452604478 josh.harris@raywhite.com

Medium Impact zoning Dual road access Available from 1 April 2024 RWC Noosa & Sunshine Coast

raywhitecommercial.com

*Approx. Outline indicative only.

423-425 Ruthven Street, Toowoomba City, 4350

Offers To Purchase Floor Area: 2,584sqm* Land Area: 652sqm*

Iconic Toowoomba building • 2,584sqm* GFA, corner of Ruthven & Margaret Streets • Comprises of basement, ground floor, mezzanine, first floor/second floor • Rear lane access • Under 100m* to Grand Central with major department stores and large number of specialty stores • Benefit from Toowoomba's constantly developing and rejuvenating CBD • Vacant possession, great opportunity to redevelop

Geoff Percy 0438 424 672 geoff.percy@raywhite.com

RWC Toowoomba

raywhitecommercial.com

*Approx

124- 126 Sooning Street, Nelly Bay, 4819

Expressions Of Interest

New freehold or leasehold glamping business opportunity 8,610m2 Situated on Magnetic Island, (a 20 min ferry ride) 8 self contained, a/c, eco friendly glamping tents

Graeme Russell 0448 410 067 graeme.russell@raywhite.com Stacie Stockham 0474 419 166 stacie.stockham@raywhite.com

Starlink Broadband, NBN Service 9 metre inground pool with landscaped gardens Management Agreement with local holiday letting RWC Townsville

raywhitecommercial.com

L15 (AV)/15 Lake Street, Cairns City, 4870

Step into my world Elevate your business to new heights with this prestigious office space on Level 15 of Cairns Corporate Tower. Offering a prime location, modern amenities and breathtaking views, this workspace is designed to meet the needs of discerning professionals.

Key Features: • Spacious and customizable office suites to accommodate your team's needs • Floor to ceiling windows providing abundant natural light and inspiring views • Installed telecommunications infrastructure • Well appointed boardroom and secure meeting rooms • Ultra modern - end of trip facilities • Lockout office space for team security • Stylish kitchenette facilities Lease $82,350 per annum

Susan Doubleday 0408 038 380 susan.doubleday@raywhite.com Grant Timmins 0422 534 044 grant.timmins@raywhite.com

RWC Cairns raywhitecommercial.com

*Approx

1&2/58 Lake Street, Cairns City, 4870

Retail - street front - Cairns CBD - Orchid Plaza shopping centre Right in the CBD of Cairns, with nearby redevelopment on Abbott Street soon to commence. Also next to Woolworths, banks, major retailers, casino, hotels and all amenities. Close to Court, Police, Centrelink, other Government offices, Rusty's Market, lots of restaurants, cafes and entertainment venues nearby.

• Available early 2024 • Abbott Street entrance to Orchid Plaza • Shop area 113sqm* on ground floor • Glass walls providing lots of natural light • Suitable for various retail • Very reasonable rental and lessor offering generous set up incentives • Includes promotional | marketing fund • TV screen advertising on street frontage Lease $75,000 per annum gross

Susan Doubleday 0408 038 380 susan.doubleday@raywhite.com Helen Crossley 0412 772 882 helen.crossley@raywhite.com

RWC Cairns raywhitecommercial.com

1-6/32 French Avenue, Brendale, 4500

Industrial units ready soon 6 x warehouse units ranging from 286sqm* to 367sqm* Approved mezzanines Self contained amenities Roller door and personnel door access to each unit LED Lighting throughout NBN Ready Industry Zoning Sale/Lease Contact Agent

Jack Gwyn 0424 807 166 jack.gwyn@raywhite.com Jared Doyle 0408 160 570 jared.doyle@raywhite.com

RWC Gateway raywhitecommercial.com

*Approx. Outline indicative only.

14 Jijaws Street, Sumner, 4074

Functional & affordable warehouses Units from 132sqm* - 580sqm* Units 1-7 brand new Units 8-17 like new/ refurbished Epoxy sealed warehouse floors Amenities in each unit Electric roller doors 80amps of 3 phase power to each unit Sale/Lease Contact Agent

Jack Gwyn 0424 807 166 jack.gwyn@raywhite.com Jared Doyle 0408 160 570 jared.doyle@raywhite.com

RWC Gateway raywhitecommercial.com

*Approx

1045 Wynnum Road, Cannon Hill, 4170

Introducing Hive Cannon Hill | flexible tenancies available for sale & lease Flexible tenancies ranging from 100sqm* 54 secure basement parking bays Close proximity to Cannon Hill Shopping Centre High traffic main road exposure (Wynnum Road) Adjacent to Cannon Hill East Village

Sale/Lease Contact agent

Franz Stapelberg franz.stapelberg@raywhite.com Chris Meyer chris.meyer@raywhite.com

RWC Medical (QLD) raywhitecommercial.com

*Approx

375 Wickham Terrace, Spring Hill, 4000

Wickham private - premium grade medical space 133 onsite medical parking bays Consulting suites from sizes available 84sqm* Class 9a available for Day Hospital 81 Room Hotel Pre-committed Medical Space from 100m2* - 4000m2* For lease & For Sale

Sale/Lease Contact agent

Franz Stapelberg franz.stapelberg@raywhite.com Chris Meyer chris.meyer@raywhite.com

RWC Medical (QLD) raywhitecommercial.com

*Approx

14-16/666 Gympie Road, Lawnton, 4501

Offers To Purchase

Investment opportunity in tightly held complex 800m2* NLA across 3 lots Currently returning $120,000* net per annum 2 year lease to commence on settlement

Aaron Canavan 0447 744 948 aaron.canavan@raywhite.com Griffin Deakin 0422 587 143 griffin.deakin@raywhite.com

3 x full height roller doors 2 x private offices RWC Northern Corridor Group raywhitecommercial.com

*Approx

Cnr Price Street & Hospital Road, Nambour, 4560

Expansive 75m* wide corner street frontage 15m height limit

This high, flat General Industry parcel is available for immediate occupancy. Located at the Noosa Road Interchange of the new Bruce Highway, this functional parcel offers 20,000m2* of flood free high impact industry zoned hardstand with the ability to negotiate design & construct improvements for warehouse and office.

Additional improvements can be negotiated, including all-weather crushed rock finish, security fencing and lighting, power and temporary amenities such as offices, containers or igloostyle servicing bays.

Contact our agents to discuss how your specific requirement can be accommodated.

Sale Contact Agent

420 Tanawha Tourist Drive, Tanawha, 4556

RWC Northern Corridor Group raywhitecommercial.com

Sale Contact Agent

Tenanted investment with BP anchor tenant Emily Pendleton 0402 435 446 emily.pendleton@raywhite.com Abi Rowlands 0402 028 663 abi.rowlands@raywhite.com

Building Area 873m2*

David Goldsworthy 0481 996 794

Land Area 3,402m2*

Samuel Hoy 0423 795 273

Annual Net Income $393,636pa*

Michael Shadforth 0488 981 076

Specialised centre Zone - development potential

Anchored by a BP service station

Close to Bruce Highway & Sunshine Motorway

Value add or redevelopment potential

Residential & Commercial - holding income

High volume of daily passing traffic RWC Northern Corridor Group

Walking distance to Nambour CBD

Chris Massie 0412 490 840 chris.massie@raywhite.com

*Approx

Prime corner freehold mixeduse development site Significant 5,029m2* land area over 5 titles

Sale/Lease Contact Agent for Latest Pricing 20,000m2*

Flood free high impact industry zoned hardstand

3 units (1 tenant) with potential upside

Additional open plan office

139 Noosa Road, Gympie, 4570

raywhitecommercial.com

RWC Northern Corridor Group Close to Sunshine Motorway and Bruce Highway

*Approx. Outline indicative only.

raywhitecommercial.com

NSW | ACT

141 Swan Street, Morpeth, 2321

Sale $1,600,000

Pride of place in historic Morpeth An outstanding multi-tenancy investment opportunity poised to capitalise on Morpeth's burgeoning boutique tourism profile.

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

• Underpinned by a long term lease to Morpeth Pharmacy, plus a 71m2* retail space + ATM • Zone E1: Local Centre • Rear access with parking • High profile location in bustling Swan Street

RWC Newcastle

raywhitecommercial.com

*Approx

91 & 93 Station Road, Auburn, 2144

Sale Contact Agent

Boutique development site (under instructions to sell) DA approved for 39 units over basement parking CC works partially completed

Samuel Hadgelias 0480 010 341 shadgelias@raywhite.com

Site area - 1,858sqm* 62% are 2-bedroom units Zoned R4 - High density residential 950m* to Auburn Train Station RWC SC

5.4km* to Parramatta CBD

*Approx

raywhitecommercial.com

42 King Street, Newtown, 2042

Sale Private Treaty

Freehold mixed-use building in the heart of Newtown This is a rare opportunity to acquire a Freehold mixeduse building on vibrant King Street, Newtown with development upside or adaptive re-use Key highlights include: • Zoned E1 - Local Centre, Uses include Boarding houses; Commercial premises; Light industries; Medical • Site Area: 313sqm*, Building Area: 440sqm* • FSR 2:1, Building Height 12M • Sought-after freehold opportunity • Imposing 2-level plus mezzanine building • Late-night license with valuable Primary Service Authorisation • Renowned live music venue with full set-up

Kamal Silwal 0430322459 kamal.silwal@raywhite.com Kristian Morris 0411 415 297 kristian.morris@raywhite.com

RWC Sydney City Fringe

raywhitecommercial.com

*Approx

2-14 Elsie Street, Burwood, 2134

Expressions Of Interest

Be a part of Burwood CBD's most desirable commercial address • Floor plates of approximately 955sqm with open terraces & central core layout • Flexible strata spaces on offer to suit your business requirements • Moments from Burwood Station, Westfield, Burwood Road Retail Precinct & all amenities Burwood has to offer • Set to benefit from future Burwood North Precinct Master Plan, Metro Development & Parramatta Road Corridor Urban Transformation Strategy • Permissible for a range of user types including education establishments, corporate headquarters, co working office, tech and IT, medical practitioners, accounting and law and social services

Peter Vines 0449 857 100 peter.vines@raywhite.com Victor Sheu 0412 301 582 victor.sheu@raywhite.com

RWC Western Sydney

raywhitecommercial.com

Western Australia

1, 2 & 3/13 Byron Road, Armadale, 6112

Three strata title units on 2,023m2 allotment Unit 1: 233m2* offered as vacant possession Unit 2: 148m2* leased investment Unit 3: 148m2* leased investment Represents a great opportunity for an investor and/or owner occupier

Sale Offers from $1,000,000

Victor Aloi 0404808012 victor.aloi@raywhite.com

RWC WA raywhitecommercial.com

*Approx. Outline indicative only.

77 Brown Street, East Perth, 6004

Prime commercial & residential development site Land area: 607m2* Cleared and ready for development High density development site Strategically located near Royal Street, Parkland, and Perth CBD

Sale $1,450,000 + GST

Stephen Harrison 0421 622 777 stephen.harrison@raywhite.com Daniel Abisedon 0419 563 585 daniel.abisedon@raywhite.com

RWC WA raywhitecommercial.com

*Approx. Outline indicative only.

Level Floor 1, 3/26 Eastbrook Terrace, East Perth, 6004

Prime office space with picturesque views 494m2 Area (NLA) Exclusive balcony areas of 69m2 (North) and 91m2 (South) High quality functional office fitout Full height glazing to both north and southern elevations 2 Secure basement tandem car bays (4 car bays total) Stunning outlook over Tea Tree Lagoon To be sold with Vacant possession (suitable for owner occupiers) Sale From $2,595,000 + GST

Luke Pavlos 0408 823 823 luke.pavlos@raywhite.com Stephen Harrison 0421 622 777 stephen.harrison@raywhite.com

RWC WA raywhitecommercial.com

*Approx. Outline indicative only.

143 Barrack Street, Perth, 6000

Freehold heritage investment - Perth CBD 290m2* Building area 119m2* Land Retail, office and cafe tenancies Partially leased 80m from Perth train station

Sale $1,695,000

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

RWC WA raywhitecommercial.com

*Approx

VIC | TAS

Harbour Plaza, 21 Thompson Road,, Patterson Lakes, 3197

Lease Contact Agent

Multiple retail spaces available starting from 43sqm Shop, office, medical & restaurant spaces 6 spaces that range from 43sqm* up to 126sqm* Completely renovated

Mitch Rosam 0402 355 805 mitch.rosam@raywhite.com Nitish Taneja 0416 890 577 nitish.taneja@raywhite.com

Some come with liquor licenses already in place.

NBN, Water, Gas & Grease Trap services connected Landlord Contribution to Fit Out For Right Tenant RWC Ferntree Gully

raywhitecommercial.com

SA | NT

121 South Road, Thebarton, 5031

Prime location offices and storage Gain great exposure with 121 South Road, Thebarton. This wonderful stand alone property offers a unique opportunity for those seeking a prime location for their offices. Situated on a generous land area of 742sqm, this property boasts a charming building area of 128sqm, and ample onsite parking at the front and rear of the property.

The spacious offices provide ample room for a productive work environment, while still maintaining a warm and inviting atmosphere.

The layout allows for flexible use of space, catering to a variety of business needs.

Located in the heart of Thebarton, this property benefits from excellent exposure and accessibility. The bustling South Road ensures high visibility for your business, attracting potential customers and clients.

Lease Price upon enquiry 742 square metre

Ian Lambert 0413 155 665 ian.lambert@raywhite.com rwcadmin@raywhite.com

RWC Adelaide Asset Management raywhitecommercial.com

RLA 225073

1/135 Henley Beach Road, Mile End, 5031

Prime Henley Beach Road space for lease This exceptional retail/office property offers a prime location and endless possibilities for your business ventures. With a generous building area of 116sqm, this property presents an incredible opportunity to establish or expand your retail presence.

Situated in a highly sought-after area, this property enjoys excellent exposure to Henley Beach Road, ensuring maximum visibility for your business. The surrounding neighborhood boasts a vibrant mix of residential and commercial properties, guaranteeing a steady flow of potential customers.

Step inside and discover a well-designed space that can be tailored to suit your specific business needs. The open layout provides ample room for product displays, customer seating, or any other requirements you may have.

Lease Price upon enquiry

Ian Lambert 0413 155 665 ian.lambert@raywhite.com rwcadmin@raywhite.com

RWC Adelaide Asset Management raywhitecommercial.com

RLA 225073