PORTFOLIO
APRIL 2025
RATES HAVE FALLEN: WHAT NOW FOR THE COMMERCIAL PROPERTY MARKET? THE HIDDEN COSTS OF POOR PROPERTY MANAGEMENT A SELECTION OF STOCK FRESH TO MARKET
This month in Portfolio
As we enter the second quarter of 2025, we’re proud to present the April edition of Portfolio magazine.
With Australia having experienced its first rate cut, the sentiment in the commercial property market has felt some revival, with the outlook for the rest of 2025 being seen with more confidence.
In this edition of Portfolio, Ray White head of research Vanessa Rader will discuss this outlook in more depth, providing insight into what’s next for the commercial property market now that rates have begun their downward journey.
Following International Women’s Day last month, we will get to know some of RWC’s top performing women and hear about how they got their start in the commercial property industry, what they love about it, and what advice they have for other women in the field.
We also hear from another successful woman in the commercial property industry - RWC property management performance specialist Leteicha Wilson, who sheds light on the hidden costs of poor property management, and why having a good property manager can make all the difference.
Finally, we get a recap of the March episode of RWC’s Between the Lines Live episode where Vanessa Rader was joined by RWC Retail’s Lachlan O’Keeffe and Michael Feltoe to discuss the retail property market, and what’s ahead in 2025.
James Linacre Head of Commercial RWC Australia and New Zealand
Quick jump to a region
Rates have fallen: what now for the commercial property market?
VANESSA RADER Ray White Head of Research
After enduring a prolonged period of market correction, the commercial property sector is expected to show signs of revival as interest rates have finally begun their downward journey. This shift in monetary policy marks a potential turning point for an industry that has weathered significant challenges over the past few years. As we look toward 2025, there’s reason for cautious optimism as clarity emerges, stabilisation continues, and opportunities arise for savvy investors.
The window for investors to capitalise on cyclical lows may be closing faster than anticipated. Market recovery indicators that were just theoretical possibilities months ago are now materialising across various data metrics. Negative returns, while still in unfavorable territory, have begun trending upward across multiple asset classes – a clear signal that we may be emerging from the trough phase of the property cycle.
Is Australian commercial property moving out of trough?
Perhaps most significantly, the widening spread between capitalisation rates and government bond yields has created an increasingly attractive risk premium for investors. As interest rates fall, this spread is poised to drive renewed investment activity, particularly from buyers seeking relative value compared to other investment options.
The recovery, however, is not uniform across all sectors. Industrial property continues to demonstrate resilience, maintaining its position as the “golden child” of commercial real estate despite the broader market challenges. Data centres and digital infrastructure are emerging as particularly attractive investment targets, driven by AI adoption and the broader transformation in this space. Retail properties, especially those in neighborhood centres benefiting from population growth, are showing promising signs of recovery.
In stark contrast, the office sector remains problematic, with persistent low occupancy rates hampering recovery prospects. The structural shift toward hybrid work continues to put downward pressure on this asset class, though premium buildings with strong ESG credentials and amenities are expected to differentiate themselves. Meanwhile, healthcare facilities and senior housing represent growing opportunities aligned with Australia’s aging population trends, while hospitality shows promising signs of recovery as travel and tourism rebound.
An interesting dynamic is emerging between distressed sellers and opportunistic buyers. Many property owners who have been “holding on” through years of declining valuations are now facing difficult decisions as their refinancing options have narrowed despite falling interest rates. This pressure is creating acquisition opportunities for cashed-up private investors who can move quickly to secure assets at favourable prices.
Unlike equities and bonds, which have already experienced significant value recovery, commercial real estate still offers relatively attractive entry points. Prices remain below their peaks from previous years, providing a buffer for new investments. With construction starts declining significantly, the supply-demand balance is shifting favourably for existing property owners, further more with assets often selling below replacement value, the built form is king.
For patient investors with capital and vision, the current environment represents a potential turning point – one where the fundamentals are aligning to reward those who can identify quality assets with strong underlying value. While “higher for longer” interest rates may continue, they’re now heading downward. As banks cut rates, the best buying opportunities won’t last long. Investors who move now to re-enter the commercial property market will likely benefit as property values begin to recover.
The hidden costs of poor property management
LETEICHA WILSON RWC Property Management Specialist
Effective property management isn’t just about collecting rent—it’s about safeguarding and maximising the value of your commercial asset. Yet, poor property management can have serious financial repercussions, often in ways investors don’t immediately see. From high tenant turnover to unclaimed outgoings and compliance risks, mismanagement can erode profitability and jeopardise long-term asset performance. Let’s explore some of the most common hidden costs and how to mitigate them.
1.
HIGH TENANT TURNOVER: THE SILENT PROFIT KILLER
One of the most significant yet overlooked costs in commercial property investment is frequent tenant turnover. Poor communication, slow response times to maintenance requests, and a lack of proactive engagement can frustrate tenants, prompting them to seek alternatives. The financial implications include:
• Loss of rental income during vacancy periods
• Leasing costs for securing new tenants (marketing, agent fees, legal expenses)
• Fit-out incentives often required to attract new occupants
• Disruptions to cash flow that affect the overall performance of your asset
2.
UNCLAIMED OUTGOINGS: LOST REVENUE OPPORTUNITIES
Many landlords unknowingly leave money on the table by not correctly recovering outgoings from tenants. Poorly managed reconciliations, inaccurate lease interpretations, or administrative oversights can result in significant financial losses. Common errors include:
• Failing to pass on recoverable expenses such as rates, insurance, and maintenance costs
• Incorrect or outdated lease terms leading to under-recovery of expenses
3.
DEFERRED MAINTENANCE: A SHORT-TERM SAVING THAT BECOMES A LONG-TERM EXPENSE
Ignoring or delaying maintenance issues to cut costs can lead to larger, more expensive problems down the track. Not only does this impact tenant satisfaction, but it can also significantly reduce the lifespan of the building’s infrastructure. The risks of deferred maintenance include:
• Escalating repair costs for neglected issues (e.g., minor leaks turning into major structural damage)
• Lower asset valuation due to deteriorating property conditions
• Increased insurance premiums or coverage issues due to non-compliance
4.
COMPLIANCE RISKS: A LEGAL AND FINANCIAL LIABILITY
Commercial properties are subject to strict compliance requirements, from fire safety regulations to accessibility laws and environmental standards. Poor property management can lead to:
• Fines and penalties for non-compliance with legal obligations
• Legal disputes with tenants over breaches of lease terms
• Reputational damage that can deter potential tenants and investors
The financial risks of poor property management far outweigh the cost of investing in an experienced and proactive management team. The right property manager will:
• Maximise tenant retention and minimise vacancy periods
• Accurately recover all allowable outgoings
• Implement a proactive maintenance strategy to protect asset value
• Ensure full legal and regulatory compliance
For commercial property investors, partnering with a skilled property manager isn’t just an operational decision—it’s a strategic one. Are you confident your commercial asset is being managed effectively? If you’re unsure, now is the time to assess your property management strategy and ensure you’re not leaving money on the table.
Celebrating women in commercial real estate
In what is typically a male-dominated industry, we introduce some of RWC’s amazing women who are paving the way
HEATHER MASON RWC TASMANIA
How did you get your start in commercial real estate?
After relocating from the UK, I obtained my real estate licence in New Zealand before moving to Hobart in 2005, where I began my real estate journey. Initially employed as a Business Systems Operator, I was quickly promoted into asset management, overseeing a large portfolio of commercial and industrial investments. With the support of the leadership team, I transitioned into a hybrid role encompassing management, sales, and leasing.
What’s your favourite thing about working in the industry?
The most rewarding aspect of working in the industry is building strong client relationships and helping them achieve their investment goals. Seeing the tangible impact of effective management allows me to set clients up for success when leasing or selling. My role has been quite unique, blending different aspects of commercial real estate, but I’ve embraced it, making it work to my advantage and creating a distinct point of difference.
What’s your advice for other women wanting to get into commercial real estate?
My advice to other women looking to enter the industry is to do your homework. Research company values, assess the leadership team, and seek a workplace that fosters an equitable culture with fair opportunities. Finding a mentor is also invaluable—they can help guide your career decisions, and they don’t necessarily need to be from the same organisation. Don’t be afraid to reach out for advice and actively network—it can open doors you never expected.
in commercial real estate.
EMILY PENDLETON RWC NORTHERN CORRIDOR GROUP
How did you get your start in commercial real estate?
I’ve always had a passion for property. My family has always been interested in real estate, and from a young age, I dreamed of building a career in the industry. I was drawn to commercial real estate because of its fast-paced nature and the opportunity to build long-term relationships with business owners and investors. I began my career in a reception role and, within six months, quickly progressed to an associate position. From there, I transitioned into an agent role within 12 months. It all happened quickly, but I learned on the job and wouldn’t have it any other way. My team’s hands-on experience and support helped me develop my expertise in the Sunshine Coast market, and I’ve never looked back.
What’s your favourite thing about working in the industry?
I love the dynamic nature of commercial real estate—every day is different, and no two deals are ever the same. I enjoy the problem-solving aspect, whether it’s helping an investor find the right opportunity or assisting a business in securing the perfect space to grow. But most of all, I love the relationships I’ve built along the way. Working with business owners, landlords, and developers to help them achieve their goals is incredibly rewarding.
What’s your advice for other women wanting to get into commercial real estate?
Go for it! Commercial real estate is often seen as a maledominated industry, but there is so much opportunity for women who are willing to work hard and back themselves.
VEE LI RWC Western Sydney
Emily Pendleton RWC Northern Corridor Group
Lisa Dunne RWC Industrial M1 North
Heather Mason RWC Tasmania
My advice would be to find a great mentor, build strong relationships, and never be afraid to put yourself forward. Confidence and persistence are key—if you bring value to your clients and stay proactive, success will follow. I’ve personally employed two women in my team and back them 100 per cent. I’m a huge advocate for women in the industry and always happy to chat with anyone who might feel intimidated or unsure about taking the leap. There’s plenty of room for strong, capable women in commercial real estate, and the more we support each other, the better the industry will be.
VEE LI RWC WESTERN SYDNEY
How did you get your start in commercial real estate?
I started my real estate career as a project channel agent— you know, the ones cold-calling buyers at 10pm or standing outside shopping centres with a banner behind them. But even then, I found myself wondering: Who sells land to developers before projects are built? Who sells my favourite restaurants, hotels, vineyards, and cafés? I wanted to be one of those people!
LISA DUNNE
RWC INDUSTRIAL M1 NORTH
How did you get your start in commercial real estate?
I started in commercial real estate working in an administrative role as a personal assistant, which gave me valuable insight into the industry and how deals were structured. From there, I transitioned into a sales and leasing associate role, where I gained hands-on experience and developed my skills in negotiations and client relations. In 2011, I was given the opportunity to become a full agent, and I seized it wholeheartedly, working hard to build my career and establish myself in the industry
What’s your favourite thing about working in the industry?
One of the best things about working in commercial real estate is the dynamic and ever-evolving nature of the industry. No two deals are ever the same, and every transaction presents new challenges, opportunities, and learning experiences
What’s your advice for other women wanting to get into commercial real estate?
It’s essential to start by building your knowledge through education, licensing, and industry research to understand market trends and investment strategies. Finding a mentor can be invaluable, as learning from experienced professionals can provide guidance, insider insights, and career growth opportunities. Networking relentlessly is also crucial.
Most importantly, be persistent and resilient - success in commercial real estate takes time, and facing challenges or setbacks is part of the journey. Staying determined, continuously learning, and pushing forward will help you thrive in this dynamic and rewarding industry.
As a first-generation immigrant, I understood the importance of integrating into the local culture. In 2018, I moved to a residential agency under the Ray White umbrella as a director’s EA and head of marketing. It didn’t take long before I discovered the world of commercial real estate. From that moment, I was on a mission—canvassing every possible opportunity to break in, whether as an admin, marketing assistant, PA, or associate.
Luckily, RWC Western Sydney had an opening for a junior marketing role, and I jumped in without hesitation—pay cut, title cut, none of it mattered. My recruiting manager won me over with a thick submission for the Channel 7 site in Willoughby and a detailed information memorandum. The planning controls, feasibility studies, and intricate demographic reports fascinated me so much that I was ready to sign my life away on the spot.
Before I knew it, I was willingly working seven days a week, staying until 7pm every night, and absorbing everything I could—because one day, I wanted to be the one selling those incredible properties. Fast forward to 2025 and now I am a sales agent selling commercial real estate!
What’s your favourite thing about working in the industry?
I get to learn how different businesses operate, what successful people do, and how they do it—all from the inside. It’s like having a front-row seat to some of the most strategic and exciting deals in the market.
What’s your advice for other women wanting to get into commercial real estate?
Be prepared for prejudice and discrimination—it still exists. But stay strong, be patient, and know what you want from day one. If you’re serious about making it, be willing to sacrifice some “me time” to get ahead. This industry rewards resilience and hard work, and if you stay the course, the results are worth it.
Experts discuss retail property market for 2025
Hundreds of people tuned in for the March edition of Between the Lines Live webinar where a panel of experts discussed the retail sector, which is tipped to be the asset class of choice in 2025.
Ray White head of research Vanessa Rader was joined by RWC Retail’s Michael Feltoe and Lachlan O’Keeffe to discuss the evolution of the retail sector and expectations for the year ahead.
Ms Rader said retail property saw a surge in investment at the end of 2024 and it’s pinned to be one of the premiere investment asset classes of 2025.
“There are many different sizes and formats of retail centres, and since Covid there’s been a lot of recognition for the role they play in our society. Prior, there was a focus on a shift to online retail and what effect that would have.” Mr O’Keeffe said.
“Those neighbourhood centres and local retail strips have shown to be really popular and we’ve seen that; people like to get out of the house and get their groceries and support local. Services like hair, nails and your local cafe, can’t be bought online.”
Mr Feltoe said the offering at retail centres have continued to evolve.
“It’s become more about service offerings and food and beverages. It all comes down to convenience,” he said.
“We’re all working from home more and we’ve seen an uptick in how often we go to our local retail centres.”
Mr O’Keeffe said yields for retail centres had remained tight.
“For retail centres in the sub $10 million category we’ve seen those transact in the 5 per cent range, where they used to transact at the 6 per cent mark. But it heavily depends on the tenancy mix, location, and how well it’s been maintained,” he said.
“The bigger supermarket-anchored centres in the $10milllion+ category seem to be hovering around the 6 per cent mark, however, they’re very tightly held so it’s harder to see those trends.”
Mr Feltoe said retail assets continued to draw strong demand.
“We had a Hungry Jack’s anchored retail centre which had more than 700 enquiries, which as far as we’re aware is unprecedented” he said.
“We see an average of 350 enquiries on a sub-$5M retail centre.”
“It’s become easier for people to do their research on this asset class. Most people have an understanding of what retail property is because they go there every week.”
Mr Feltoe said fast food offerings were particularly popular.
“We can’t service the demand from the buyer side of things,” he said.
“There’s less being built and most people who own them hold onto them for a long time. We anticipate that’s only going to continue.
“There’s many multinationals that have plans to expand but they’re not on track with their growth targets.”
He said fast food offerings were easy for investors to understand.
“Most people have eaten at a fast food restaurant and can see if it’s busy.
“You can stand out the front and see how it’s performing.
“We sold Red Rooster in Nundah on a 3.81 per cent yield.”
Ms Rader said the large format retail (LFR) sector, formerly known as the “bulky goods” sector, had benefitted from the strong housing growth.
Mr O’Keeffe said there’d been a lot of demand from funds and institutions.
“These LFR assets usually have a national tenant and on a large land holding,” he said.
“The rents are much more sustainable and have more room for growth. That’s where they see a lot of value.
“They’re incredibly tightly held, the people who own them don’t want to sell because of those fundamentals.
“It’s the same as retail centres providing services because people can’t get their hair cut online - most people won’t buy a bed online because they want to go and test the mattress first.”
Assets under management
RWC manages properties across all asset classes right across Australia. Take a look at some of our top managements from across the nation. RWC will have a management specialist located right near your property, so enquire with us today.
CONTACT HERE
RWC SOUTHWEST
SUMNER, QLD
RWC BAYSIDE
MURARRIE, QLD
Located in the heart of a thriving corporate business park, this premier commercial complex offers seamless access to the Gateway and features a diverse tenant mix, including a café for networking, a professional barber, and multiple modern corporate offices.
This multi-tenanted 1,333sqm* site underwent extensive renovations in 2024 to accommodate 3 new businesses to complement the existing business, Spine Street Studios.
RWC CSR
UPPER COOMERA, QLD
A high-profile fast food and convenience retail asset featuring KFC and United Petroleum, positioned in a high-traffic location, it benefits from strong customer demand.
RWC TOWNSVILLE
TOWNSVILLE, QLD
Garbutt Central is a 3,593sqm* neighbourhood shopping centre anchored by Cornetts IGA Supermarket with the convenience of 150 on site car parks.
QLD
9/3 Alison street, Surfers Paradise, 4217
Unique Office OpportunitySurfers Paradise
Private kitchenette
Highly sought-after location
Vacant possession - suit owner occupier/investor Online Auction Friday, 2nd May at 12pm
Adjacent to Bruce Bishop Car Park with 1,600+ spaces
Ryan Langham 0420 581 164
Total NLA: 152*sqm RWC Burleigh Group
Damon Walker 0412 298 820
Nick Singh 0410 631 500
Fitted-out office space raywhitecommercial.com
Centre zoning allows for multiple types of business uses
88 West Burleigh Road, Burleigh Heads, 4220
Auction Thursday, 1 May at 10am Gold Coast Turf Club, Bundall
Burleigh Wellness Hub
NLA 245sqm* Healthcare & Indoor Recreational use
Unique income producing freehold - tenanted
Large 655sqm* elevated block with parking
Zoned: Medium Density Residential
Healthcare & Indoor Recreational Approval
Vendors instructions are clear - Must sell
Gregory Bell 0414 380 555
Stirling Mcinnes 0481 303 783
David Djurovitch 0411 133 307
Sanja Stankovic 0413 164 127
Gold Coast
13 & 16/2 Waterfront Place, Robina, QLD 4226
Auction Thursday, 10 April at 11am Gold Coast Turf Club, Bundall
317sqm* available immediately
147sqm* or 170sqm* separately
8 allocated car parks and 2 storage areas
Amenities and lift access
Great exposure and income potential
Stirling Mcinnes 0481 303 783
Gregory Bell 0414 380 555
David Djurovitch 0411 133 307
Gold Coast
155 Benowa Road, Southport, 4215
DA Approved Medical Centre at Prime Intersection
First class DA by renowned architect
Outstanding signage opportunities
Strategic location with massive catchment
600sqm* corner block with 45m* street frontage
Ample on-site allocated and visitor parking
Bicycle storage
7 Wardley Street, Capalaba, 4157
brick residence with 4 bed and 2 bathrooms
garaging for 3 vehicles
ramp and wide entry points
health care use with a food business license
for NDIS, supported living or community housing
for inspection - contact agents
Retail in the heart of Buddina
Situated next to Snap Fitness Kawana and with Kawana Shoppingworld at your doorstep, this property is ideal for health or wellbeing businesses.
This is your opportunity to secure a tenanted investment with owner occupier access from November 2025.
•Total area: 73m2*
•Prime location next to Snap Fitness
•Air-conditioning
•On site car parking
•Current income $32,000 net per annum
•Owner occupier availability from 1 November 2025
13 Spectrum Street, Rainbow Beach, 4581
Land area: 599m2*
Net lettable area: 200m2*
Central Rainbow Beach location
Adjacent to main retail strip/restaurants/bars
Fully fenced with hardstand area
Flexible zoning (residential and non-residential uses)
Leased to 4WD Hire until June 2025
1,3,4,5/192 Mulgrave Rd, Westcourt, 4870
Tenanted
Cairns Office Building - Ideal for Occupiers & Investors
One building with multiple lots for sale, A remarkable opportunity to acquire a versatile office building on Mulgrave Road, one of Cairns high profile locations.
Key Features:
•Lot 1 - 184 sqm - Ground Floor - Vacant
•Lot 3 - 150 sqm - Level 1 - Tenanted
•Lot 4 - 45 sqm - Level 1 - Tenanted
•Lot 5 - 124 sqm - Level 1 - Tenanted
Located on Mulgrave Rd with 40,000 passing traffic, this property benefits from high visibility and easy access to major transport links. The building is thoughtfully designed to accommodate a range of business needs. Don't miss out on this exceptional opportunity to secure a premium office building in Cairns.
Grant Timmins 0422 534 044
grant.timmins@raywhite.com
Helen Crossley 0412 772 882 helen.crossley@raywhite.com
RWC Cairns
raywhitecommercial.com
Exceptional opportunity to lease a premium ground-floor showroom, warehouse, and office space. This evident and strategically located property offers unparalleled exposure along one of the region's busiest transport corridors.
Property Highlights
• Total Area: 440 sqm of versatile commercial space, currently occupied by Cairns Furniture and Bedding.
• Prominent Highway Location: Directly situated on the Bruce Highway, offering exceptional visibility and easy access for both customers and deliveries.
• Flexible Usage: Perfect for various purposes, including retail, warehousing, office space, or a combination of commercial activities.
• Growing Business Hub: Located in Edmonton, the largest and fastest-growing suburb within the Cairns Regional Council area.
Lease
$120,000 per annum
Available Now
Grant Timmins 0422 534 044 grant.timmins@raywhite.com
102 Spence Street, Parramatta Park, 4870
RWC Cairns is thrilled to present a unique opportunity to secure a highly versatile freehold warehouse showroom. This property is located close to Cairns Central Shopping Centre and the vibrant city hub and boasts unmatched convenience and visibility. Situated on Spence Street, this is the closest warehouse/showroom to Cairns, offering an exceptional opportunity for businesses seeking prominence in a thriving commercial zone.
Key Property Highlights
• Land Area: 405 sqm
• Warehouse Showroom Area: 190 sqm*
• Hardstand Area: 200 sqm*
• Roller Door Clearance: 4.0m* high x 3.0m* wide
• Bathroom Amenities: 4.2 sqm* (includes toilet, shower, washbasin, laundry tub, and hot water system)
Grant Timmins 0422 534 044 grant.timmins@raywhite.com
RWC Cairns
RWC Cairns
1,631sqm site within Weinam Creek PDA
DA approved for 37 dwellings over 5 levels
Elevated street with potential Redland Bay views
200 metres from the Marina and new Satellite Hospital
Redland Bay is the fastest-growing suburb in the area
356 Middle Road, Greenbank, 4124 Sale $7,500,000
Fuel and convenience centre with uplift
•4 tenants with long term leases
•Current net income - $466,739.22 PA
•Projected additional income - $145,000* PA Net
•Vacant land - 1,193m2 - 10 Year HOA signed with NT
•Total expected income of $620,000* PA Net
•Current building area - 377m2
•Land area - 4,588m2
•Anchored by Metro Petroleum with over 300 Metro Service Stations Australia wide
•Metro Petroleum has one of the largest independent service station networks in Australia
•13,000 Approximate daily passing traffic
•Strategically located in Greenbank high growth area
Aldo Bevacqua 0412 784 977
aldo.bevacqua@rwcs.com.au
Jett Bevacqua 0450 005 810
jett.bevacqua@rwcs.com.au
RWC Springwood
raywhitecommercial.com
25mins - SC Airport, Maroochydore CBD & Noosa
1 Railway Street, Toowoomba City, 4350
Expressions Of Interest Closes Friday 2 May
Land Area: 1,444 square metres*
•1,444sqm* land area - A substantial site with significant development upside
•High-yield vacant possession mixed-use assetIncludes office space, cafe and food prep area, retail/showroom, function space and a residential unit
•Priority Development Area (PDA) location - Part of the Railway Park Lands precinct
•CBD fringe positioning
•Proximity to Grand Central Shopping Centre
•9 on-site car parks plus abundant street parking for tenants and visitors
•Adjoins Principal Centre zoning area
•Close to key transport routes, major businesses and lifestyle amenities
Peter Marks 0400 111 952 peter.marks@raywhite.com
Brian Doyle 0434 551 628 brian.doyle@raywhite.com
RWC Toowoomba
raywhitecommercial.com
10 Dennis Street, Boyne Island, 4680
Fully Improved Industrial Facility
This is the yard you've been waiting for.
A fully improved industrial base with new workshop, professional office and covered work areas.
•270m2* high bay workshop area
•132m2* professional office area
•2 x portable office buildings
•Igloo and container installation
•Secure fully fenced yard
•Zoned 'Low Impact Industry'
•Vacant and ready for immediate occupation.
•This won't last long. Make your move today.
8-16 Admiral Crescent, Tugun (Gold Coast), QLD, 4224
Tugun - 1.48ha* approved development site
Expressions Of Interest
Closing 24 April 2025 4pm (AEST)
Zoned 'Medium Density Residential'
Approved for residential care & retirement (154 suites)
Approved scheme - 6 storey building height
Range of alternate potential development options^
Within 2km* to Tugun beachfront, 6km* to Coolangatta
Matthew Fritzsche 0410 435 891
Tony Williams 0411 822 544
Land area: 1.484Ha* (14,840m2*) RW Special Projects Queensland
Close to Airport, Southern Cross University and M1
Mark Creevey 0408 992 222 *Approx
raywhitecommercial.com
NSW | ACT
686 , 690 & 692 Military Road, Mosman, 2088
Land Area - 495 sqm*
DA Approved - A high-profile retail flagship space
DA Approved - Six ultra-luxury, oversized residences Holding Income - $250,000 per annum + GST*
DA Approved - 12 x Secure Car spaces 16m* Street Frontage
110-112 Church Street, Mudgee, 2850
Auction Tuesday 29 April 2025 at 10:30am (AEST)
AuctionWORKS, 50 Margaret Street, Sydney NSW 2000
Land area: 1,214sqm*
Situated in the heart of the Mudgee town centre
High tourism demand: over 691,000 visitors annually
Growing demand: 1,515 dwellings needed by 2026
6 x 1 & 2-bedroom units RWC SC
Liam Regan 0488 542 600
Samuel Hadgelias 0480 010 341
Michelle Wilson 0409 619 268
Flexible E2 - Commercial Centre zoning raywhitecommercial.com
9 Minga Avenue, Shellharbour City Centre, 2529
DA approved for 46 apartments and 10 retail spaces
Auction Tuesday 15 April 2025 at 10:30am (AEST) AuctionWorks, 50 Margaret Street Sydney NSW 2000
Zoning: B3 Commercial Core
Permissible Height Limit: 15m & 18m
Prime location opposite Harrison Park
Land Size: 2,627sqm* RWC SC
Samuel Hadgelias 0480 010 341 shadgelias@raywhite.com
Leslie (Yifu) Li 0403 261 752 leslie.li@raywhite.com
Shovel-ready: demolition and clearance completed raywhitecommercial.com
34 Tennent Road, Mount Hutton, 2290
Tender closing 4PM on Tuesday 22nd April 2025 3,181m2*
Prime development potential
Situated in the fast growing area of Mount Hutton, this prime development site is offered for the first time in 68 years.
Zoned R3, the block boasts frontages to two streets, offering huge potential^. Close to all amenities, schools, shopping centers and medical facilities plus a stone's throw from beautiful Lake Macquarie.
This area is a proven market for multi dwellings with a strong appetite in the market for townhouse and villas. Located on the property is a well maintained threebedroom weatherboard home.
For further information, please contact Barry Price or Demika Crow.
Barry Price 0402 140 240
barry.price@raywhite.com
Demika Crow 0432 336 976
demika.crow@raywhite.com
raywhitecommercial.com
This versatile property occupies a central location in Adamstown's bustling suburban commercial precinct, primed to capitalise on burgeoning city fringe/suburban demand and offering a range of potentially multifaceted repurpose opportunities.
• 187m2* site area
• 60m2* building area + 20m2* storage space
• Rear access and parking
• Zone E1 Local Centre
• Suitable to accommodate a range of potential uses^
Expressions Of Interest Closing 5PM Tuesday 22nd April 2025
Newcastle
Lee Follington 0417 443 478
lee.follington@raywhite.com
122 Tudor Street, Hamilton, 2303
Boasting a pride of position location on Tudor Street, this outstanding corner site with two storey office and parking represents a rare strategic city fringe opportunity.
• 145.5m2* site area
• 130m2* gross lettable area over two floors
• Onsite parking
• Zone R4 High Density Residential
• Suitable to accommodate a range of potential uses^
Expressions Of Interest
Closing 5PM Tuesday 8th April 2025
Lee Follington 0417 443 478 lee.follington@raywhite.com
56-58 Richards Road, 60A Box Road, Wakeley & 479 Smithfield Road, Prairiewood 2176
Surplus Government Land23,505 sqm*
•Total Site area of 23,505 sqm* or 2.356ha*
•Multiple titles to be offered in one-line
•Zoned R2 - Low Density Residential
•Suitable for residential subdivision or an integrated housing development opportunity
•Surrounded by desirable amenities including future Stockland Wetherill Park, Wakeley Centre, Prairiewood High School & Prairievale Public School
•Multiple frontages and access available
Sale
RWC Western Sydney is seeking Expressions of Interest for the purchase of the property, closing Wednesday 23rd April 2025 at 3:00pm.
Peter Vines 0449 857 100
Victor Sheu 0412 301 582
Joseph Assaf 0401 397 696
RWC Western Sydney
raywhitecommercial.com
56 Edward Street, North Sydney, 2060
Auction Tuesday 8th April, 2025 at 5pm
Homely Auction House Level 1, 29-33 Bay St, Double Bay NSW 2028
Substantial 696m2 (approx.) block of land
18m frontage with scope to develop and add value
Favourable LMR zoning allowing for increased density
Consisting of 4 x 2 bedroom + study / sunrooms
Currently returning $152,412pa with scope to increase
651 George Street, Haymarket, 2000
Prized George Street Freehold in the Heart of Chinatown
651 George Street, situated on the premier Haymarket boulevard - George street, is a three-level commercial building, benefitting from two street frontages and direct pedestrian access to the Haymarket Light Rail stop.
Positioned at the heart of the City of Sydney's - $44m Haymarket masterplan, the property is primed to profit from significant public and private infrastructure investment.
•The only fully-leased freehold building available in Haymarket
•Truly rare Sub-$10m unencumbered CBD freehold
•Scope to add value through rent reversion, refurbishment or redevelopment
•Capacity to significantly increase building GFA by circa ~75% (STCA)
Expressions Of Interest
Closing Thursday 17 April 2025
Phillip Elmowy 0425 285 444
John Skufris 0414 969 221
Steve Kremisis 0414 818 317
Angus Windred 0400 354 295
RWC South Sydney
raywhitecommercial.com
Industrial Facility 1,894m2*, Occupy, Invest or Develop
Building area: 1,182 sqm*, Land area: 1,894 sqm*
Heavy three-phase power
Natural gas connection
Container height roller door
Quality air-conditioned offices
Excellent staffing amenities
High clearance of 6.2m* plus 15
Sale Contact Agent
Brad Lord 0439 594 121 blord@raywhite.com
Rodney Clarke 0452 273 384 rodney.clarke@raywhite.com
RWC Sutherland Shire
raywhitecommercial.com
Suite 15/46-48 Urunga Parade, Miranda, 2228
Prime Opportunity in Miranda's Thriving Medical Precinct
RWC Sutherland Shire is proud to exclusively present for sale Suite 15, 46-48 Urunga Parade, Miranda, a prime investment or owner occupier opportunity in the heart of Miranda's thriving medical precinct. This opportunity features exceptional exposure to the train station directly opposite, fantastic proximity to great parking amenities and resides in an established building with likeminded professionals.
The property comprises a modest internal size of 48m2* with a strata size of 62m2*, and features a waiting room/reception area, consulting room, storage room with kitchenette, and one dedicated car space.
Currently leased to a longstanding Orthodontist until April 2026, the property generates a net income of $21,000.96 per annum. With no further lease options beyond expiry, this presents a fantastic opportunity for investors and owner-occupiers.
Sale Contact Agent
Brad Lord 0439 594 121 blord@raywhite.com
Rodney Clarke 0452 273 384 rodney.clarke@raywhite.com
RWC Sutherland Shire
VIC
39 Henderson Road, Clayton, 3168
Auction Friday, May 2, 2025 at 11:00 am On-site & Online
•Total Building Area | 376m2*
•Incl front office | 43m2* & mezzanine of 50m2*
•Total Land Area | 678m2*
•Current Lease Until May 2027
•Returning $43,263.96 p/a net (As of June 25)
•High-Clearance Warehouse (5m* internal height)
•Secure rear yard & ample on-site parking (8* cars)
•Roof replaced in 2022
•Zoning: Special Use (SUZ)
•Terms: 10% Deposit, Settlement 30-90 Days
Ryan Amler 0401 971 622
Jonathan On 0479 003 122
Anthony Anastopoulos 0488 095 057
RWC Oakleigh
raywhitecommercial.com
1/9 Bignell Road, Moorabbin, 3189
•Total building area | 133m2*
• Bonus mezzanine storage | 38m2*
• Internal height clearance is 4.7m-5.7m*
• Highly visible ground-floor premises
• Small front office with two offices
• One (1) allocated on-site car space
• Potential income fully let| $30,000 p/a plus GST plus Outgoings
Ryan Amler 0401 971 622 ryan.amler@raywhite.com
Anthony Anastopoulos 0488 095 057 anthony.anastopoulos@raywhite.com
RWC Oakleigh
raywhitecommercial.com
302 Chapel Street, Prahran, 3181
•Land area | 177 sqm*
• Total building area | 220 sqm*
• Including ground floor retail area | 100 sqm*
• Also including first floor office/residence - 3 bedrooms / offices | 120 sqm*
• Airconditioned throughout
• Dual frontage offering corner, exposure plus rear courtyard
• Recently renovated including heating/cooling
• Substantial public car park
• Absolute prime position directly opposite Coles Supermarket, Liquorland, Rebel, Priceline and central to Dan Murphys, CBA, NAB and Bank of Melbourne
• Owner will also consider selling
George Kelepouris 0425 798 677 george.kelepouris@raywhite.com
George Ganavas 0478 634 562 george.ganavas@raywhite.com
8-10 Macbeth Street, Braeside, 3195
Prime Industrial Site: Future development potential
Excellent Access: Near Eastlink, Nepean Hwy & Mordialloc Fwy
1,101sqm* warehouse, offices, high clearance & roller doors
Key Features: IN1Z zoning, ample yard, container space & vacant
Expressions Of Interest Closing 10/04/2025
Ryan Trickey 0400 380 438 ryan.trickey@raywhite.com
Will Jonas 0422 883 011 will.jonas@raywhite.com
RWC Glen Waverley
raywhitecommercial.com
900 Toorak Road, Camberwell, 3124
1030 sqm* site with high exposure & 24,200+ daily vehicles
Fully Fitted Clinic: 230 sqm* modern facility with 13 secure car spaces
Uncapped permit, 5 consulting rooms & pathology room
Near early learning centres, Epworth Camberwell & major retailers
Ryan Trickey 0400 380 438 ryan.trickey@raywhite.com
Will Jonas 0422 883 011 will.jonas@raywhite.com
WA
1-3 Lyall Street & 56 Melville Parade, South Perth, 6151
Expressions Of Interest Closing 30 April 2025 at 4pm AWST
DA for 27 levels and 118 apartments
Zoned Centre R-AC0
360 degree views of the Swan River and Perth Skyline
Leased with holding income
Less than 650m* to Mends Street Jetty
2,976m2* corner site RWC WA
Significant frontage to Melville Parade and Lyall Street
Stephen Harrison 0421 622 777
Brett Wilkins 0478 611 168
Michael Milne 0403 466 603
Chris Matthews 0413 359 315 chris.matthews@raywhite.com
Liam Pittaway 0439 555 439 liam.pittaway@raywhite.com
Premium Industrial Precinct 10km from Perth CBD Tenant: Evaris Pharma, formerly Perrigo Australia Prime Landholding: Spanning 8,594sqm
TAS
Unit 5, 221 Glenstone Road, Bridgewater, 7030 Sale Price on Application
Significant, strategically positioned industrial land
RWC Tasmania is pleased to offer for sale Unit 5, 221 Glenstone Road, Bridgewater. The vacant block of land sits in a commanding position on Glenstone Road and should be strongly considered by all owner occupiers, developers and land bankers.
Key property features:
•Flat lying land of 2 ha*, zoned 'General Industrial'
•Development approved for heavy manufacturing
•Proposed building envelope of 3,170 sqm*
•Significant power supply to site
•Hobart's preferred transport & logistics hub
•Strategically positioned with 150m* of frontage to Glenstone Road and dual cross overs providing fantastic access points
Please contact the undersigned agents for more
Matthew Wallace 0418 136 086
matthew.wallace@raywhite.com
Tom Balcombe 0417 979 194
tom.balcombe@raywhite.com
RWC Tasmania
raywhitecommercial.com
147 Sandy Bay Road, Sandy Bay, 7005
Sandy Bay freehold with parking and holding income
RWC Tasmania is proud to present this high quality, owner occupier opportunity, complete with off-street parking, situated in the heart of Sandy Bay's prestigious "Golden Mile".
Key Property Features:
•Gross Building Area: 280sqm*
•Land area approximately 500sqm*
•Compromising three tenancies
•Two tenancies leased, one with break lease clause
•New holding income: $71,925 (two tenancies)
•7 on-title, off-street car parks
•Offered for sale for the first time in 15 years
•Zoned: 'General Business' offering a variety of potential uses^
Expressions Of Interest EOI closing Thursday, 1st May 2025, 4pm (AEST)
Matthew Wallace 0418 136 086
matthew.wallace@raywhite.com
Claude Alcorso 0417 586 756
claude.alcorso@raywhite.com
RWC Tasmania
raywhitecommercial.com
UnitsC&D29ColeridgeStreet, Sydenham,Christchurch
Sale DeadlineSaleclosing4pm, Tuesday15April2025atthe officesofRWC(RayWhite Commercial)Christchurch,Level 2,76HerefordStreet, Christchurch(unlesssoldprior)
Investment-TwoUnits-One LongTermLease
Twoverypresentableadjoiningindustrialunitsinthe sought-afterlocationofSydenham.Bothunitsarewell leasedlongtermwithanew6yrleaseinplacetoan establishedbusinessthathasbeenoperatingforover 20*yrsandcomeswiththeaddedsecurityofapersonal guarantee.
Rentalreturning$39,000pa+GST+Outgoings.
Thesetidy,refurbished,dualunitsbenefitfrombeingthe commandingfront2unitsofthe4unitcomplex, providingexcellentprofileandfrontagetoColeridgeSt. Thelocationofferseasyaccesstoandaroundthecity beingsituatedbetweenthecity’smainarterialsof BroughamStandMoorhouseAve. Thisisafantasticinvestmentopportunityinavery affordablepricebracket.
PaulaRaine 64272214997
paula.raine@raywhite.com
RWCChristchurch
raywhitecommercial.com
