PORTFOLIO
AUSTRALIA’S ACCELERATING COLD STORAGE MARKET NABERS RATINGS NOW DETERMINE CAPITAL GOLD COAST’S INDUSTRIAL BOOM TAKES CENTRE STAGE
Welcome to the December edition of Portfolio Magazine
James Linacre Head of Commercial RWC Australia and New Zealand
As we close out the year, our highly anticipated end-of-year Auction Showcase is already in full swing - and the results to date have been nothing short of exceptional. Activity across the board continues to build, and there has never been a more opportune moment for sellers to leverage the transparency, competition and confidence that the auction process provides.
This season, more than 100 properties are scheduled to go under the hammer nationwide, positioning our biannual showcase to be the most high-profile yet. Held twice annually, the RWC Auction Showcase brings together hundreds of commercial property specialists and places their listings in front of thousands of active buyers across Australia and New Zealand.
Every property included in the program benefits from thousands of dollars’ worth of additional marketing exposure at no extra cost to sellers, ensuring each asset enjoys a powerful platform in front of the market’s most engaged audience.
The performance of our June showcase underscored the true strength of this environment. Sellers who
participated achieved, on average, 12.98 per cent higher prices on auction day when compared with their strongest pre-auction offers - a result that speaks volumes about the effectiveness of competitive bidding and the clarity it provides both buyers and vendors.
As head of commercial at RWC, I can confidently say our team is energised and ready to finish the year on a high. The momentum across our network is extraordinary, and the calibre of campaigns launched this season reflects that strength. Our June results highlighted just how transformative the auction arena can be, and we’re confident this December campaign will raise the bar even further.
As the year draws to a close, I sincerely wish you and your families a happy, healthy and restorative break. We look forward to hitting the ground running again in January.
In the meantime, I hope you enjoy this selection of premium, fresh-to-market opportunities from across our entire international network.
Quick jump to a region
Auburn industrial unit sells for $11m, setting record yield of 4.16%
RWC Sydney City Fringe has announced the recent sale of 1/15 Percy Street, Auburn, which achieved a record yield of 4.16 per cent and a sale price of $11,000,000. The transaction marks one of the strongest results for a strata industrial property in the Auburn area, reflecting continued demand for secure, high-quality industrial investments in Sydney’s western corridor.
The campaign drew 43 enquiries and multiple offers from qualified investors. Kamal Silwal of RWC Sydney City Fringe, who managed the sale, said, “This was an incredibly strong result in today’s market. Most investors are targeting returns around 5.5 to 6 per cent, so to achieve a 4.16 per cent yield is exceptional. We filtered our buyers carefully and ultimately secured an outstanding
offer of $11 million, well above initial expectations.”
The property comprises a building area of 2,416sqm and a strata area of 2,635sqm, with 28 car spaces on title and an additional area for container drop-off. Zoned E4 General Industrial, it is fully leased to international banking group MUFG, generating a net passing income of $458,333 + GST per annum, with 100 per cent of outgoings paid by the tenant.
Mr Silwal added, “Many people couldn’t believe we achieved this price. It wasn’t just about the tenant, it was about the location and the growth profile of the Auburn area. Once buyers understood the long-term fundamentals and the calibre of the tenant, they realised how rare this opportunity was.”
The property was held by three partners, two of whom owned their shares through superannuation. Following a detailed assessment of market conditions, the vendors decided to bring the property back to market.
“We knew timing was everything,” said Mr Silwal. “We analysed how a potential rate cut could affect valuations and made sure we went to market strategically. The result speaks for itself.”
The buyer, an Asian investor group, secured the asset following a competitive negotiation process. According to Silwal, the strength of the result highlights both the quality of the tenant and the appeal of the Auburn industrial precinct.
Clayfield medical centre sells for $8m amid fierce competition
RWC Retail have continued their success in the medical investment market selling Bonney Place Medical Centre in Clayfield for one of the tightest medical yields in 2025, and buyers are hungry for more.
Located at 318 Junction Road, the 829sqm* centre sold for $8,000,000, representing a sharp 5.68 per cent yield. Anchored since its construction by Junction Road Family Practice, the longestablished GP clinic today operates with 11 doctors and an internal QML Pathology, supported by a complementary mix of allied health, retail and office tenants.
The sale generated 259 enquiries and six registered bidders, with strong interest from medical practitioners across Australia.
“This centre ticked almost every box for medical investors with a long-standing GP anchor,
complementary supporting tenants and substantial parking so it’s no surprise it was so tightly contested,” said Mr O’Keeffe.
Situated on a high-profile 2,516sqm* corner landholding just 6km north of the Brisbane CBD and next to Eagle Junction train station, the property offers 44 on-site car parks, providing unmatched convenience for both patients and customers.
The result continues RWC Retail’s record of achieving premium outcomes in the healthcare sector, with Mr Feltoe saying “medical centres remain one of the most tightly held asset classes, and this result demonstrates just how much confidence investors have in defensive, healthcare-backed retail. And with 6 bidders at a highly competitive Auction, there are buyers ready to go this instant.”
Cronulla’s iconic “Cecil” returns to the market: A chance to revive a legendary Sydney venue
One of Sydney’s most storied hospitality addresses is officially up for grabs, with Brad Lord of RWC Sutherland Shire appointed to sell the landmark corner retail space at 12/20 Gerrale Street, Cronulla, beneath the Cecil Apartments.
One of Sydney’s most storied hospitality addresses is officially up for grabs, with Brad Lord of RWC Sutherland Shire appointed to sell the landmark corner retail space at 12/20 Gerrale Street, Cronulla, beneath the Cecil Apartments.
For generations, locals and visitors alike knew it simply as The Cecil, a glamorous destination where Sydney’s “who’s who” came to dine, celebrate, and enjoy the best of coastal hospitality.
“While The Cecil was before my time, many long standing members
of the community talk about what this place meant to Cronulla locals” “each story always starts and ends with a smile, suggesting it was the place to be” said Brad Lord, director at RWC Sutherland Shire. “Everyone remembers it; the atmosphere, the energy, and the view. This wasn’t just another restaurant; it was a landmark that helped define Cronulla’s identity.”
The Hotel Cecil began as Monro Flats, a terracotta brick building featuring a fish and oyster bar and Monro’s real estate office. In 1927, architects Moore and Dyer transformed it into the Hotel Cecil, a luxurious seaside hotel dubbed the “Sentinel of the Sea.” It became a local landmark, hosting guests, troops, and RAAF trainees during wartime and remaining a hub for entertainment for decades.
As Cronulla evolved and day tourism grew, the hotel’s popularity waned, and in 1987 approval was granted to replace it with the Cecil Apartments, completed in 1988. To preserve its heritage, part of the original hotel’s facade was retained, maintaining a link to one of Cronulla’s most iconic institutions.
At street level, a collection of high-end retail and commercial spaces was created, with the prime 680sqm corner position on Cronulla Park now being brought to market for the first time in almost 30 years. This space was formerly home to the legendary Reflections Restaurant that frequently served over 1,000 guests a day, earning a reputation as one of the finest dining venues in the city.
Currently leased to Snap Fitness, the property retains much of its original restaurant infrastructure, offering a rare opportunity for a visionary operator to restore its hospitality legacy. With unrivalled corner exposure, floor-to-ceiling windows, and direct outlooks across Cronulla Beach and Dunningham Park, the space offers the perfect stage for a high-end restaurant, bar, or wedding and events venue.
“There’s such a deep sense of nostalgia attached to this place,” Mr Lord said. “Everyone in the hospitality world knows The Cecil and remembers Reflections Restaurant. We’re offering the chance to bring back a piece of Sydney’s social history.”
The enviable position, right on the beach, steps from Cronulla’s retail and entertainment strip, adds to its prestige. Once the heartbeat of Cronulla’s dining scene, the space is again poised to capture the attention of top-tier restaurateurs, hoteliers, and hospitality operators looking for a flagship venue in one of Sydney’s most vibrant coastal destinations.
“Because of what it was, this space deserves someone hospitality-minded, someone who understands how to create an experience,” Mr Lord added. “It’s time for a new generation to put their stamp on an address that still holds incredible emotional and cultural value.”
“We have also worked with the vendor and architect to split the strata plan into five lots, creating unique retail and commercial offerings for buyers of all levels.”
With its rich history, unmatched location, and reputation that still resonates across Sydney, The Cecil is ready for its next chapter, a return to the limelight for one of the city’s most beloved seaside icons.
Two landmark Sydney hotels brought to market
HTL Property, in conjunction with Colliers under instructions from the appointed Receivers and Managers from McGrath Nicol, have been exclusively appointed to bring to market two of Sydney’s most iconic hospitality assets.
South Bondi Hotel (formerly known as Noah’s Backpackers) and the recently refurbished Hotel Diplomat in Potts Point have hit the market.
South Bondi Hotel offers a significant development opportunity in a premier coastal location, just steps from Sydney’s famous Bondi Beach. With an elevated northerly outlook over one of Australia’s most recognisable locations, the former 260-bed hostel is currently being transformed into a premier mixed-use hospitality and accommodation precinct.
Set on a corner block, the irreplaceable and visually stunning site is offered with plans for 53 accommodation rooms, café retail, and multiple bar areas including a terrace with uninterrupted views across Bondi’s postcardperfect shoreline. Located in
the heart of the South Bondi hospitality precinct, the property presents a rare opportunity to meet the growing demand and chronic undersupply for quality accommodation in one of Australia’s most visited coastal locations.
Hotel Diplomat, located on Bayswater Road in Potts Point, comprises five floors of recently renovated and thoughtfully refurbished accommodation, offering 51 rooms and the potential for two ground floor retail tenancies fronting Bayswater Road. Positioned within the vibrant Kings Cross entertainment precinct, the property is surrounded by public transport, world class dining and a thriving nightlife scene.
“We’re delighted to bring two exceptional assets to market, each offering unique opportunities in Sydney’s most sought after suburbs. 2–12 Campbell Parade, Bondi, is a truly iconic beachfront property located at Sydney’s most famous beach - a rare blank canvas and the opportunity to transform the building into a landmark that defines coastal living.
“Meanwhile, The Diplomat Hotel in Potts Point is perfectly positioned to benefit from the area’s strong population growth and vibrant urban culture. It is surrounded by a thriving mix of restaurants, bars, and entertainment, presenting a compelling opportunity for investors to capitalise on one of Sydney’s most dynamic precincts,” said Matthew Meynell, Managing Director, Capital Markets & Investment Services | Australia at Colliers.
“We wholly expect the stronger trading performance to be reflected in augmented investment momentum and further growth going into 2026. The Sydney accommodation market remains one of Asia Pacific’s most soughtafter hotel investment markets, historically outperforming all other Australian capital cities,” concluded HTL Property Managing Director, Andrew Jolliffe.
South Bondi Hotel (Bondi Beach) and Hotel Diplomat (Potts Point) are respectively for sale via an international Expression of Interest campaign, closing at 4pm on 8 December 2025.
Construction innovation meets investment appetite in Australia’s accelerating cold storage market
VANESSA RADER
Ray White Head of Research
Australia’s cold storage sector is experiencing a pronounced acceleration in both investment activity and development sophistication as the asset class matures beyond its traditional origins as owner occupiers. Transaction volumes surged 156 per cent compared with the same quarter last year in the third quarter of 2025, reaching $259.6 million, combined with the previous three quarters, the rolling 12 month volume total now stands at $480.2 million, up 11.9 per cent on the prior period. This momentum signals not merely a recovery from subdued 2023 and 2024 levels, but a fundamental re-rating of the sector’s investment credentials among institutional and cross border capital.
The sector’s evolution is evident not only in transaction metrics but in the increasing complexity of development approaches being deployed across the country. As demand from both traditional food and beverage users and expanding pharmaceutical and health science applications continues to outpace existing supply, developers and investors are grappling with how to deliver specialised assets faster while maintaining the exacting standards these facilities require.
Unlike conventional industrial warehousing, refrigerated facilities require specialised knowledge and careful planning at the early stages. Cold storage facilities consume substantially more power than standard warehouses, requiring robust electrical infrastructure often necessitating substation upgrades or new connections. Sites that appear attractive for conventional industrial use may prove unviable for refrigerated development due to power constraints, making due diligence around utilities increasingly critical in the site selection process.
Melbourne has capitalised on both land availability and infrastructure capacity to dominate new supply, with investment volumes so far in 2025 reaching $260 million. Victoria’s metropolitan and regional markets are currently hosting the lion’s share of the 110,000 sqm currently under construction across Australia, followed
by Brisbane and Sydney where land scarcity and higher entry costs create additional development hurdles.
The tension between rapid delivery and enduring quality represents one of the sector’s defining challenges. With vacancy rates compressed and user demand robust, the temptation to pursue speed over optimisation can be compelling. However, cold storage assets are plays for the long duration where operational efficiency directly impacts tenant retention and rental sustainability. Retrofit strategies, including the box in box concept where refrigerated space is created within existing structures, can dramatically reduce delivery timeframes versus construction from the ground up, offering a pathway to capture demand faster in markets constrained by supply.
For development from the ground up, the decision between speculative approaches and building to suit carries significant implications. Speculative development of cold storage requires substantial confidence given the higher construction costs and specialised nature of the product. The market has witnessed varying outcomes, with some speculative projects securing tenants ahead of completion while others have faced extended periods to lease up. The key differentiators appear to be location, specification flexibility, and realistic rent expectations relative to comparable alternatives built to suit.
INVESTMENT FLOWS AND MARKET DYNAMICS
The investment landscape has shifted markedly, with buyers from offshore now representing nearly 80 per cent of acquisition activity so far this year. Canadian pension funds have been particularly active, with PSP Investments’ acquisition of a portfolio including three Melbourne assets exemplifying the scale of institutional interest. North American capital, drawing from extensive cold storage experience in their home markets, recognises the structural drivers underpinning Australian demand: population growth, fresh food consumption patterns, and pharmaceutical supply chain requirements.
This buying pressure from offshore has contributed to yield compression, with cap rates in 2025 transactions settling within a narrow band of 5.2 to 6.6 per cent. The pricing discipline reflects investor confidence in the durability of cold storage fundamentals. Domestic institutional investors and REITs remain active, but increasingly find themselves competing against offshore players with strong capital positions who are comfortable with lower return hurdles. The net result is a market where owner occupiers have become consistent net sellers, monetising holdings into a liquid investment market that barely existed a decade ago.
The integration of automation and technology is reshaping facility design and tenant requirements. Modern cold storage developments increasingly incorporate automated storage and retrieval systems,
particularly in pharmaceutical and health science applications. These systems require significant upfront capital but deliver substantial operational efficiencies over the asset’s life. The challenge for speculative developers lies in anticipating which automation solutions will have broad tenant appeal versus niche applications, as overbuilding infrastructure risks pricing the asset beyond what many potential tenants can justify.
Australia’s cold storage sector stands at an inflection point where construction innovation, investment appetite, and user demand are converging. The technical complexity that once limited the sector’s investment appeal now acts as a barrier to entry, protecting returns for those with the expertise to deliver and operate these assets effectively. The challenge for market participants is navigating the trade offs inherent in cold storage development: balancing speed against optimisation, speculation against certainty, and automation against flexibility.
As the sector continues to attract institutional capital and mature in its development sophistication, those who can successfully marry construction excellence with investment discipline will be best positioned to capitalise on the structural growth drivers that underpin this specialised corner of the industrial market. With over 110,000 sqm under construction and strong transaction momentum maintained into late 2025, the sector’s trajectory remains firmly expansionary.
NABERS ratings now determine access to capital
VANESSA RADER Ray White Head of Research
NABERS released its annual report for 2024/25, and among the operational updates and sector performance highlights are changes to how commercial property gets financed in Australia. The report documents a year where NABERS ratings evolved from performance metrics into the standardised language connecting building credentials to capital access. Hotel ratings grew 40 per cent, 67 portfolios covering over 500 assets now report performance transparently, with some buildings having achieved 99 per cent electrification. The integration of NABERS into Australia’s Sustainable Finance Taxonomy has created a direct pathway from building performance to green finance.
The Australian Sustainable Finance Taxonomy launched in June 2024 gives investors and lenders a clear definition of what qualifies as a sustainable
building investment. Instead of banks creating their own sustainability criteria or investors commissioning separate assessments, the building’s NABERS rating is universally recognised. Therefore, if your building has a certain NABERS rating, it qualifies for sustainable finance, and the existing NABERS certification becomes the pathway to green loans with better terms.
This integration is key as it changes the economics of ownership. Buildings with strong NABERS ratings are getting preferential access to capital on more favourable terms. Buildings without them are finding financing more challenging. Version 2 of the NABERS Sustainable Finance Criteria, released in June 2025 with expanded targets and additional building types covered, signals the framework is growing and becoming more integrated into how property finance works.
The hotel sector demonstrates how quickly this dynamic can reshape investment patterns. NABERS hotel ratings jumped 40 per cent in 2024/25, driven by government procurement policies, consumer awareness through booking platforms, and investor requirements all aligning. Hotels appeared in the Sustainable Portfolios Index for the first time, with CapitaLand and the Schwartz Family Company bringing around 6,000 rooms into measured performance reporting alongside traditional office and retail.
What makes the hotel story particularly interesting is the consumer-facing visibility. NABERS ratings now display on Google Travel with an “eco-certified” tag and are recognised by Travalyst’s global platform. This puts performance data directly in front of millions of travellers making booking decisions. When sustainability credentials start influencing occupancy rates, they are influencing asset valuations and measurement moves from a reporting exercise to something that affects revenue.
The Sustainable Portfolios Index expanded to 67 portfolios across 30 companies covering over 500 assets. New indicators tracking renewable energy and electrification show some portfolios achieving close to 100 per cent renewable energy and 99 per cent electrification. Three shopping centre portfolios reached full carbon neutral coverage, with this level of transparency setting performance benchmarks that influence where institutional capital flows.
The integration of NABERS into Australia’s sustainable finance framework addresses a practical challenge, demonstrating that the substantial capital required to upgrade thousands of buildings to meet net zero commitments is being deployed effectively. High NABERS ratings provide verified evidence of actual performance rather than projected targets, giving investors and lenders confidence that sustainability claims can be measured.
Buildings covered by the Commercial Building Disclosure programme have improved their energy intensity by 29 per cent over twelve years, demonstrating that measurement drives improvement. With the CBD expansion roadmap released in October 2024 broadening these requirements, NABERS ratings are increasingly functioning as both compliance evidence and competitive advantage.
WHAT THIS MEANS FOR OWNERS AND BUYERS OF COMMERCIAL PROPERTY
For owners holding assets with weak or no NABERS credentials, access to capital is becoming more conditional on verified performance. The gap is widening between buildings that qualify for green finance and those that don’t, which has implications for both holding costs and exit strategies.
For buyers, buildings with strong NABERS ratings provide financing advantages that extend beyond the purchase. As lenders and investors align with the Sustainable Finance Taxonomy, assets that meet the criteria will have access to capital pools that others won’t, affecting acquisition feasibility today and disposal options in the future.
For developers, building to high NABERS specifications ensures the asset will be financeable and marketable as government mandates expand and investor requirements tighten. The hotel sector’s 40 per cent ratings surge demonstrates how quickly policy requirements, consumer preference, and capital availability can align to make performance measurement essential.
The pattern from 2025 is clear, performance measurement has moved from a reporting requirement to a determinant of asset value. Whether driven by procurement policies, consumer-facing platforms, or finance framework criteria, NABERS ratings have become the standardised measure that determines access to capital. In a market where financing increasingly requires verified credentials, measurement has become the link between sustainability performance and the ability to finance, hold, and transact commercial property.
The hidden risks of self-managing commercial properties
LETEICHA WILSON RWC Property Management Specialist
With changing markets, rising compliance obligations and increasing tenant expectations, more investors are beginning to question whether self-management is worth the risk. While it may seem like a cost-saving strategy, managing a commercial asset without professional support often exposes owners to far greater financial and operational issues.
HERE ARE THE FOUR BIGGEST RISKS INVESTORS FACE WHEN SELF-MANAGING:
1. Missed compliance and legislative obligations
Commercial & retail property legislation is complex and constantly changing. From essential safety measures and lease documentation to rent reviews, disclosure statements and outgoings regulations, a single oversight can result in penalties, disputes or even loss of rent. Professional property managers track these obligations daily. Selfmanaging owners often discover the risk only after a breach has occurred.
2. Poor tenant selection and higher vacancy risk
A vacant commercial asset is expensive and the wrong tenant is even more costly. Leasing to a tenant without proper financial checks, business assessment or industry understanding can lead to arrears, defaults or premature vacancies. Professional managers and leasing consultants use tested processes, market insights and experience across hundreds of tenancies. Self-management often relies on assumptions and assumptions can be expensive.
3. Under-charging rent and missing income opportunities
Market rents move quickly. So do outgoings, CPI reviews, incentives and renewal strategies. Self-managed properties frequently fall behind on rent reviews, fail to adjust recoverable outgoings, or leave value on the table during negotiations. Over just a few years, this can significantly impact asset performance and capital value. A skilled property manager ensures income is optimised and lease events are never missed.
4. Reactive maintenance that damages asset value
Without structured planning, maintenance becomes reactive and expensive. Small issues escalate, tenants become frustrated, and the asset’s long-term value is impacted. Professional managers implement asset plans, track conditions over time and schedule works proactively. This protects value, reduces downtime and prevents avoidable capital expenses.
Self-management may appear cost-effective, but the risks are real: missed compliance, income loss, vacancy exposure and long-term asset deterioration.
A professional commercial property manager doesn’t just “manage”, they protect the investment, grow income and give landlords confidence backed by strategy, compliance and expertise. For investors serious about performance, professional management isn’t an expense, it’s an advantage
Gold Coast’s industrial boom takes centre stage
In the latest installment of Between the Lines Live, Vanessa Rader, Ray White’s head of research sat down on the booming Gold Coast with two local industry leaders, Jackson Rameau from RWC Pacific Group, and Gavin Darke from Clarkes Design and Construct, to unpack the evolving dynamics of the region’s booming industrial and commercial property market.
“The Gold Coast has been a market to watch, particularly post-pandemic,” host Vanessa Rader began. “Across residential and commercial sectors, industrial property has been the choice for investors over the past few years, and there are so many reasons why. Limited developable land, strong rental growth, tight vacancy, and the rise of owner-occupiers have all played a role.”
While demand remains strong, Ms Rader noted that construction continues to be “the stumbling block” for many developers and investors. That’s where Clarkes Design and Construct comes in.
Having been one of the longest-standing builders on the Gold Coast, Gavin Darke has seen the industrial landscape evolve firsthand.
“Industrial is now the darling of the investment world,” he said. “People are drawn to stability. You can purchase land, get approvals relatively quickly, and hit the ground running - that’s what draws a lot of investors to this asset class.”
Mr Darke noted that industrial assets, once seen as “big, dirty, loud, and noisy,” have matured. “We’re seeing a big increase in commercial-industrial hybrids. We’ve done everything from small mum-and-dad builds in the $1.5 million range to large-format industrial developments for national and international brands. That entry-level price point has opened the door to a whole new crosssection of investors.”
For Jackson Rameau, who heads up RWC Pacific Group and is Ray White’s top performing commercial agent, the shift is not just financial but cultural.
“We’re literally sitting in an industrial precinct today, filming in this beautiful studio, something that used to only exist in CBD office towers,” he said. “Buyers are now emotionally attached to these spaces. They can live nearby, have their trailer parked out back, and run their business from the same location.”
Ms Rader added that the surge in rents has driven many businesses to buy rather than lease. “Owner-occupiers are often outbidding investors just to secure their space,” she noted.
Mr Rameau agreed, highlighting the broader wealth effect. “With housing values up nearly 100 per cent in the past five years, many people are buying a smaller apartment for living and an industrial unit on the side, rather than stretching for a big expensive house.”
Clarkes Design and Construct has expanded its reach across South East Queensland, delivering largescale industrial projects in Ipswich and along the western corridor.
“A lot of these companies return within 12 months to buy more land and expand their facilities,” Mr Darke said. “That shows how strong the broader business community is, across food, manufacturing, appliances, and construction support services. There’s enormous investment pouring into these sectors.”
The builder also pointed to the Gold Coast’s comparative affordability as a continuing drawcard. “Sydney’s had its insane growth,” he said. “The Gold Coast still offers incredible value, even if locals find prices hard to get their heads around. We’re really at the starting line - construction costs and land values will rise, and with them, sale prices too. But it all depends on local and state government supporting that growth.”
The discussion turned to large-format retail, an increasingly sought-after but complex asset class. “It’s more challenging due to showroom-use approvals and access requirements,” Mr Rameau said.
“The national tenants know exactly what they want and can be demanding, but if your land ticks the boxes, location, exposure, accessibility, you’re in a strong position to negotiate. It’s a great asset class, but a hard one to get into.”
For Mr Darke, success lies in focus. “We stick to what we know. There are so many nuances in commercial building, when we build for a dentist, for example, we have to understand exactly what they do and need. Knowing that level of detail is where we excel.”
Mr Rameau echoed the sentiment. “Gavin’s team gets involved from the earliest design stages. It’s about creating that symbiosis between the building and the design, it has to look good and work functionally from a buyer’s or end-users perspective.”
When asked what the “next big thing” might be, Mr Rameau was quick to suggest a mixed-use revolution.“If the council allows developments that combine home, office, studio, warehouse, and residence, that would be a game changer,” he said. “I also think we’ll see major momentum in data centres and tech infrastructure.”
Mr Darke added that lifestyle and livability continue to be key drivers. “People move to places where they can make a good living and raise their kids near great schools. That’s what the Gold Coast offers, and we’re not making any new land, so density and build-up will be the next frontier.”
Mr Rameau agreed. “Why move to Brisbane when you can live on the Gold Coast? That mindset just keeps this market getting stronger.”
Having relocated from Western Sydney over a decade ago, Mr Darke said it’s been incredible to watch the Gold Coast mature.
“The same market pressures we saw in Sydney, tight labour, material costs, demand, are now happening here. And honestly, it’s the best place to live and do business.”
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.
SPRING HILL, QLD
A 1,028 sqm* strata investment, anchored by Australia Post, spans three street frontages and includes a rare allocation of 52 secure car parks.
CANBERRA, ACT
A multi-storey office building with basement parking and quite a unique design in a prominent position along Northbourne Avenue, Canberra.
BALLARAT, VIC
This modern industrial tenancy features a high-quality façade, providing natural light to the office areas over two levels. The premises include a large clear-span warehouse with wide roller-door access, generous canopy coverage for all-weather operations and ample hardstand.
RWC CANBERRA
RWC BALLARAT
QLD
74ha* site with 800m* Mary River frontage
Building Area: 1,600m2* (lodge, chalets & residence)
Suits outdoor education, eco-tourism, wellness retreats
Elevated ridgelines with panoramic 360-degree views
15kW solar, 90,000L water tanks, mountain bike trails
40 minutes* from Noosa, 15 minutes* from Gympie
Vacant possession - ready for immediate use
902 627
Noosa & Sunshine Coast
Freehold industrial portfolio - comprises three sites
Available to purchase in one line or individually
Total building area: 887m2* | Total land area: 7,908m2*
8 Biondi Cres: 5,908m2* level land, Medium Impact Industry
12 Biondi Cres: 1,000m2* land, 427m2* tilt panel warehouse
14 Biondi Cres: 1,000m2* land, 460m2* total building, 2 strata titles
Located within priority infrastructure and urban growth area
Offers over: 8 Biondi Cres: $2.7M 12 Biondi Cres: $1.4M 14 Biondi Cres: $1.3M + GST (if applicable)
Brenton Thomas 0407 693 467 brenton.thomas@raywhite.com
Adam Morley 0476 168 712 adam.morley@raywhite.com
Quality professional tenancy with full fit out
RWC Cairns are pleased to present for lease this modern, high-quality commercial tenancy, purpose-built to support corporate, professional services, administrative and operational functions. Fully wheelchair and PWD compliant, the space delivers exceptional presentation, secure infrastructure and a premium internal layout suitable for a wide range of corporate and commercial occupiers.
Property highlights:
•Premium corporate fit-out
•Secure access and technology
•Dedicated reception and waiting area
•Accessibility-wheelchair and PWD-compliant in line with workplace standards
$295,000 - Entry level investment opportunity
The opportunity exists to acquire this rare entry level commercial real estate investment.
Perfect for the growing portfolio, this asset is currently leased to a long-term, successful hospitality operation.
•190m2* of lettable area
•Gross Rent: Circa $28,000 per annum*
•High profile, corner site
•Situated within a high profile shopping complex
•Adjoining busy Foodworks anchor tenant
•Busy Toolooa Street road frontage
At this price, it won't last long. Enquire today
122 Russell Street, Toowoomba City, 4350
Fully equipped office on the fringe of Toowoomba CBD
•Tier-One Communication Infrastructure - Fibre-to-thepremises ensures fast internet
•13.2kW Solar System - Energy-efficient and futureready with sustainable cost savings built in
•Hardwired Automatic Backup Genset - Guaranteed power continuity for mission-critical businesses
•Dedicated Server Room - Purpose-built to support ITintensive operations with security and scalability
•CBD Fringe Location - Close proximity to Grand Central and central services
•11 On-Site Car Parks - Ample client and staff parking on title in a high-demand location
•Premium Exposure & Signage - Capitalise on high traffic flow along Russell Street
•Functional & Scalable Office Layout - Supports up to 17 staff with boardroom, reception and amenities
Peter Marks
0400 111 952
peter.marks@raywhite.com
Brian Doyle 0434 551 628 brian.doyle@raywhite.com
RWC Toowoomba
raywhitecommercial.com
3-phase power, excellent truck access, fully fenced site U1 moving to monthly lease, U2 secure lease to April 27
with
25 Kurilpa Street & 90 Victoria Street, West End, 4101
Premium Inner-City Office & Warehouse with Dual Street Frontage
•Prime Location - Centrally located in West End, just minutes to Brisbane's CBD, public transport, and lifestyle amenities.
•2 Street Frontages - Highly sought-after exposureaccess to Victoria Street and Kurilpa Street
•Warehouse Functionality - Excellent loading and container height roller doors
•Creative Industry Appeal - Ideal for design, technology or media users seeking a dynamic workspace
•Amenity-Rich Surrounds - Walking distance to cafes, restaurants, retail, and lifestyle options
•Secure Basement Parking
•Quality Office Fit-Out
2,790sqm* total across two buildings, available in 1 line or as 2 separate tenancies
raywhitecommercial.com
3/2-16
Beal Street, Meadowbrook, 4131
Versatile tilt panel warehouse with office
•Total building area - 624m2
• Total ground floor area - 550m2
• Showroom / reception (air-conditioned)
• Warehouse and internal amenities - 488m2
• Load bearing mezzanine floor (areas A + B) -74m2
• Container-height roller door with drop-off access
• 6 x Allocated carparks and street parking
• Ceiling height: 7.8m at roller door
• Ceiling height: 6.5m at rear of warehouse
• Equipped with 2 powered roof ventilators for Optimal Airflow
• LED high bay lights
• Kitchenette
• Male and Female amenities plus third toilet and shower
• Great natural light
• Easy access to Pacific Highway, Logan & Gateway Motorways
Sale
$2,300,000 + GST
Annabel Salcedo 0412 152 799
annabel.salcedo@raywhite.com
RWC Springwood
14 Smallwood Street, Underwood, 4119
• Total building area - 548m2
• Land area - 1,014m2
• Warehouse - 441m2
• Showroom/reception/office (Air-conditioned)
• 3 x Roller doors
• Besser block construction
• Building can be split into 3 tenancies
• Mezzanine storage - 50m2
• Multiple 3 phase power
• Recently upgrade power (100amps) approximately
• Highly sought-after location
• Kitchen
• Separate Male and Female amenities
• Easy access to M1 and major arterial road
• Zoned: Mixed Use (Retail and commerce)
Auction 19TH December 2025
12:00pm - Onsite
RWC Springwood
Freestanding buildingoccupy or invest raywhitecommercial.com
Annabel Salcedo 0412 152 799
annabel.salcedo@raywhite.com
Aldo Bevacqua 0412 784 977
aldo.bevacqua@raywhite.com
NSW | ACT
Sydney High street mixed-use freehold with value-add potential
Land Area: 279.7sqm*
Ground Floor Retail: 226 sqm*
Residential Area: 140 sqm*
Fully Leased est. income of $155,071.15 per annum
High exposure location on major arterial road
Newly renovated, retail space ready for occupation
SC
Within close proximity to the new Bradfield City
2.5km* from Luddenham village
Proximate to the M12 Motorway
Level 14, 61 York Street, Sydney, 2000
Huge private balcony
61 York Street is a 3.0 star NABERS rated building completed in early 2008, comprising 16 levels of office space. The lobby was upgraded 2019 and features secure intercom access to each floor. There is an optic fibre connection to the building and independent air conditioning. The ground floor lobby has 2 bathrooms and a shower.
•Unique opportunity, private floor with a huge outdoor balcony
•Fantastic natural light and outlook over York Street
•Furnished with 18 desks, 6 pax meeting room
•Own male and female bathrooms and galley kitchen
Prime Mixed-Use Opportunity in the Heart of Charlestown
Located moments from Charlestown Square, major transport routes, and key residential catchments, this is a rare opportunity to capitalise on strong demand in a thriving mixed-use environment.
•405m2* land area and 110m2* building area
•Highly exposed position in established residential area
•Zoned R3: Medium Density Residential with strong development flexibility (STCA^)
•Immediate use opportunity with vacant possession
•Close to major retail, services, and transport links
186A Macarthur Road, Spring Farm, 2570
Auction Tuesday 16 December 2025 at 10:30am
In-Room, Mezzanine Level, 50 Margaret Street, Sydney
Receivership Sale Massive Land Spring Farm, NSW
•Expansive land area of 738,850 sqm*
•Currently Zoned RU1 Primary Production & C2 Environmental Conservation - Camden Council
•65.876ha* Rural Land (RU1) & 8.009ha* Open Space (C2)
•Zoning allows for: Farm buildings, Garden centres, Intensive livestock agriculture, Intensive plant agriculture etc.^
•One of the largest remaining land parcels in the precinct, offering significant scale and flexibility for future planning^
•2.8km* from Spring Farm Town Centre, 3.1km* from Camden Town Centre & 5.3km* from Narellan Town Centre
•Situated 4.7km* from Proposed Spring Farm Parkway Stage 2
Peter Vines 0449 857 100
Victor Sheu 0412 301 582
Troy Wang 0433 051 020
RWC Western Sydney
raywhitecommercial.com
Existing high-quality fit-out throughout
Lift servicing all floors with after-hours access
Outdoor terraces and balconies with district views
Bathroom and disabled amenities on each level
Secure basement parking for 15 cars
Strategic location & growth potential
29,000m2 (approx. 7.17 acres)
Prime location within Morisset Business Park
Position for future growth
Previous use - 9 unit residential care facility
Flexible E3 zoning allowing a wide range of uses
Prime location, only a minute to the M1
12/20 Gerrale Street, Cronulla, 2230
'The Cecil' - Cronulla's Most Iconic Coastal Opportunity
Beneath the grand preserved façade of the original Hotel Cecil lies a rare opportunity to own a landmark piece of Cronulla's soul - a coastal icon reborn for a new generation. Now, this once in a lifetime property is available for the first time in nearly 30 years.
•680m2 prime corner retail/hospitality space* beneath the preserved façade of the original Hotel Cecil
•565m2 internal area + external seating*, offering flexible indoor/outdoor dining potential
•Liquor licence for 302 patrons and 19 secure on-title car spaces - an unmatched coastal asset
•Strong holding income of approx. $326,000 p.a.* from current Snap Fitness lease (since July 2021)
•Offered in one line or as multiple lots (80-200m2*) - a rare chance to own a piece of Cronulla's history
VIC
45 Chester Street, Oakleigh, 3166 Auction Wed, 17th December 2025 at 11:00am (On-site & Online)
•Total building area | 92m2*
•Opportunity for investors to secure a landmark retail investment
•Current rental | $56,762.67 p/a net
•Outstanding exposure
•Zoning: Commercial 1
•Ample on-street parking
George Kelepouris 0425 798 677
george.kelepouris@raywhite.com
Ryan Amler 0401 971 622
ryan.amler@raywhite.com
raywhitecommercial.com RWC Oakleigh
4/28 Ricketts Road, Mount Waverley, 3149
Total Building Area: 424 sqm*
High-Clearance Warehouse: 6.9 m* internal height
Zoning: Special Use Zone 6 (SUZ6)
Access: 5 m* motorised container-height roller door
Power: 3-phase supply Prime
Parking: 5 dedicated on-title car spaces
Auction on-site on Friday, 28th November 2025 at 1:00 PM (AEDT).
RWC Glen Waverley
raywhitecommercial.com
Ryan Trickey 0400 380 438 ryan.trickey@raywhite.com
Will Jonas 0422 883 011 will.jonas@raywhite.com
213 - 215 Blackburn Road, Mount Waverley, 3149
Secure Net Income: $238,702.50 p.a. + GST
Leased until October 2028 with further options
Tenant pays all outgoings (excluding Land Tax)
Substantial Landholding: 1,017 m2 in a prime location
Favourable Zoning: Flexible Commercial 1 Zone (C1Z)
Future-Proof Potential: Scope for a 6+ level mixed-use development
Expressions Of Interest
Closing Friday 12 December 2025 at 4:00 PM (AEDT)
RWC Glen Waverley
raywhitecommercial.com
Ryan Trickey 0400 380 438 ryan.trickey@raywhite.com
Will Jonas 0422 883 011 will.jonas@raywhite.com
WA
340 Marmion Street, Melville, 6156
Melville Family Health Centre
100% leased purpose built medical centre investment
25+ years continuous full occupancy
Building area: 369m2* on 1,030m2* site & ample parking
Leased to 6 long term tenants(Medical, Dental + Allied
Prime Marmion Street location in affluent district Auction On-site, December 2nd at 02:30pm (AWST)
Net passing income $342,350*p.a. with strong annual
WA Andrew Woodley-Page 0438 939 869 Brett Wilkins 0478 611 168
Rare heritage opportunity West Perth
Circa 1890’s heritage-listed former stable
Building Area 115 m2 | Land Area 198 m2
Ideal for boutique office, studio or café conversion
727 adjacent public car bays
Offered with vacant possession
Authentic period character
914 Hay Street is a beautiful three storey heritage building located to the bustling west end of the Perth CBD A premier location for Premium and A grade office space and in close proximity to RAC Arena and the new ECU campus.
The whole building comprising basement, ground floor retail and first floor offices is offered with vacant possession.
Building Area: 1,759m2
Land Area: 855m2
Zoning: City Centre - City Centre Precinct 5
Suitable for a variety of used including retail, offices, accommodation, entertainment, medical services, restaurant, taven and more.
Sale
$4,400,000 + GST
Brett Wilkins 0478 611 168 brett.wilkins@raywhite.com
Luke Pavlos 0408 823 823 luke.pavlos@raywhite.com
RWC WA
raywhitecommercial.com
Stunning heritage super structure for versatile large scale uses
8,750m2* footprint with a 21.7m* truss height
Lots 2 & 3 / 6 Centennial Place, Midland, 6056 Over 10,000m2 internal development potential - 2 storeys
Michael Milne 0403 466 603 michael.milne@raywhite.com
Brett Wilkins 0478 611 168 brett.wilkins@raywhite.com
TAS
11 Franklin Wharf, Hobart, 7000 Sale Contact Agent
The best waterfront site in Tasmania
RWC Tasmania offer for sale, one of Hobart's premier waterfront assets, commanding one of the most prestigious and tightly held addresses in Tasmania.
11 Franklin Wharf occupies a truly unrivalled position on the edge of Sullivans Cove, directly opposite the MONA Ferry Terminal and at the gateway to Salamanca Place.
Comprising 1,200 sqm* across two levels, the building provides premium hospitality and event infrastructure ready for future occupation or tailored reconfiguration to suit a new concept.
With the property's irreplaceable location, and strong passing net income of $777,952* plus GST (before owner outgoings), this opportunity is not to be missed.
Tom Balcombe 0417 979 194
Claude Alcorso 0417 586 756
Scott Callow 0418 153 606
RWC Tasmania
raywhitecommercial.com
Landmark Heritage Building with Substantial Existing Infrastructure and Future
RWC Tasmania offer to the market for sale or lease, for only the second time in over 100 years, this exceptional heritage property occupying a prominent corner site within Hobart’s popular ‘Mid Town’ precinct.
Property Highlights:
+ Prominent corner site of 1,338sqm*
+ Substantial 5,591sqm* of GLA with significant adaptive reuse potential
+ Development Approval for a Distillery, 3 Bedroom Apartment and bar
+ Flexible scope for residential, hotel, commercial or retail redevelopment^
+ Opportunity to activate or reposition the asset
SA | NT
Net lettable area of 560sqm* plus basement/storage
Fitout suitable for diverse operational needs
7 secure on-site car parks
High profile corner site of 492sqm*
Zoned City Living - Develop up to three levels
No Stamp Duty payable
Einarson 0421 747 442
Melvill 0468 812 921
3/83 Barnes Road, Casebrook, Chch, 8051
Tidy, Near New Warehouse, North of the City.
Tidy post-quake warehouse unit of 195m2*. Solid concrete tilt-slab construction, completed recently in 2020 for added peace of mind.
Versatile clear span, high stud warehouse with a container height roller door.
Currently it is configured as one large open span warehouse area with separate amenities. There is an opportunity for you to build offices in the current open warehouse area to possibly suit your requirements (subject to any consents).
Advantaged by having 3 allocated onsite car parks associated with the unit.
58 Colombo Street, Cashmere, Chch, 8022
Character Health Clinic In Cashmere, Christchurch
Here is a rare opportunity to secure a converted character filled house to what is now a very presentable children’s health care facility.
The property is well located in the desirable suburb of Cashmere, with a high profile frontage to Christchurch’s main street, Colombo Street, ensuring exceptional signage visibility to thousands of daily commuters.
The clinic of approx 127.90m2 is perfectly configured for medical, allied health or professional consultancy (subject to any further consents). With a seismic rating of 96% NBS.
The grounds provide ample space for a large sealed carpark (6*) and landscaped gardens.
