Ray White Portfolio Magazine June 2021 - Ray White Commercial Metropolitan Sydney

P O R T F O L I O JUNE 2021

THE RISE OF ALTERNATIVE ASSETS

Ultimate Harbourside mixed-use site

Unison Projects buys Newstead site for $5.7M

Commercial listings from across Australia and New Zealand

ANDREW FREEMAN Head of Agency Operations

Throughout Australia and New Zealand, confidence continues to grow across all asset classes. This is well and truly evidenced by the rising number of personal bests being achieved across the Ray White Commercial network.

The final April result for the group saw trading value in excess of $6.88 billion and further personal bests across various business streams.

To think that this time last year, $5 billion in a month was our ambition, and the reality is we have delivered in excess of $6 billion four times in just six months.

HTL Property continues to excel as the appetite of ‘cashed up’ buyers continues to outstrip supply in the leisure market.

Investors are turning up in droves to auctions around the network, fuelling the speculation that interest rates will continue to remain at all-time lows for a while yet.

Congratulations to all our individual performers who reach their respective milestones, whether it be Chairman’s Elite, Elite, Premier or personal bests. It is so exciting to see the number of high achieving performers continue to grow.

After such a lengthy period of meeting one another from a computer screen it was wonderful to see so many of our members face to face at the Commercial Symposiums held in Brisbane and Sydney.

Not only did we seize the opportunity to socialise, but we also had the opportunity to hear from so many brilliant speakers, along with officially welcoming Nerida Conisbe to the Ray White Group as our Chief Economist.

We are excited to announce the next National Auction Portfolio Day on Thursday 12 August so please reach out to your commercial specialist to secure your place.

QUICK JUMP TO A REGION QLD

NSW

VIC, SA, TAS

WA

NZ

PORTFOLIO | Ray White Commercial | 3

THE RISE AND RISE OF ALTERNATIVE COMMERCIAL ASSETS SPOTLIGHT ON NSW SERVICE STATIONS

VANESSA RADER

NSW Service Stations Total Turnover by Region

As investors continue to reap the benefits of the current low interest rate environment, the quest to secure a high yielding commercial property has seen more buyers investigate alternative asset classes than ever before. Assets such as childcare, service stations, fast food and data centres have grown in popularity over the last five years, notably from the private investor market as the allure of secure, longterm, income streams has been heightened during a time of low bond yields. Often referred to as “set and forget” assets, these properties offer long lease terms, fixed increases, options, and outgoings paid.

This growth in activity was notable last year during the pandemic lockdowns where traditional commercial transactions largely were put on hold.

But given the volatility in the share market and new lows in interest rates, many cash rich buyers were on the hunt for these properties to provide them a stable source of return, resulting in this strong uptick in activity and a reduction in yields.

This has carried on to 2021 with the volume of transactions testament to the continued healthy appetite for these assets. The recent Federal Budget announcement is fueling more interest in the already active childcare sector, while service station assets continue to thrive as much of the discussion around electric vehicles has halted as issues surrounding supply of cars into the country of any description is hijacking the narrative around motor vehicle usage.

Growth in drive holidays borne from COVID-19 has seen service stations busier than ever with many recording strong increases on their balance sheets both in metropolitan and regional locations; this fueling greater investor interest regardless of geographic location.

4 | PORTFOLIO | Ray White Commercial

Millions

Head of Research

$350 $300

$250 $200 $150 $100 $50 $-

METRO

REGIONAL

Source: Ray White Commercial *to 1 May Source: Ray White Commercial *to 1 May

Service Station investments continue to be one of the most hotly contested commercial prop asset in the Australian marketplace. During the COVID-19 pandemic we saw some hesitation Service station investments continue to be one of the most commercial vendors to transact however low interest rates further fueled the small, private hotly property in assets the Australian market to contested secure quality,commercial income producing assets. assets Alternative such as this continued marketplace.

During the COVID-19 pandemic, we sawinvestment some option achieve robust results as yield continue to reduce during a time of limited byeconomy, commercial vendors thehesitation volatility in the share market and to lowtransact, cash rate. however low

interest rates further fueled the small, private investor market

During 2020, Ray White Commercial monitored $192.981 million in Service Station transactio to secure quality, income-producing assets. Alternative assets NSW, with all other states recording highs in activity also. While interest rates were low to s suchtough as this continued achieve robust results yields activity, lending conditionsto continued to make it difficult foras buyers to purchase, howe continued reduce during time of limited investment a high volume of to cash rich buyers in theamarketplace this did not dampen activity levels.

options given the volatility in the economy, share market, and

In the first four months of 2021 a further $101.049 million change hands, with a 40.26 per ce low cash rate. weighting to metropolitan assets. This desire to purchase regardless of location highlights th competition and willingness of buyers to enter this market, moving up the risk curve as this y During Ray White Commercial average sale 2020, price was recorded at $5.318 million. monitored

$192.981million in service station transactions in NSW, with all other states recording highs in activity also. While NSW Service Stations interest rates were low to stimulate activity, tough lending conditions continued Average Yield Range

by Region to make it difficult for buyers to purchase, however with a high volume of cash rich buyers in the marketplace, this did not dampen activity levels.

In the first four months of 2021 a further $101.049million changed hands, with a 40.26 per cent weighting to metropolitan assets. This desire to purchase regardless of location highlights the competition and willingness of buyers to enter this market, moving up the risk curve as this year’s average sale price was recorded at $5.318million.

With increased competition to secure stock has come another swift reduction in investment yields. We had witnessed this compression notably in the metropolitanbased assets over the last few years however these have continued to fall during 2020 to average 4.17 per cent after 2019 results of 4.88 per cent to now average four per cent in 2021 (to date). However limited sales in metropolitan Sydney has further exacerbated this reduction with the bulk of transactions in the early to mid-four per cent range.

During 2018 and 2019 we saw a divergence in yield between metropolitan and regional assets as buyers considered the risk involved in these assets and amended values. However, with limited stock and low interest rates we have seen yields across all assets regardless of location contract, closing the gap between metropolitan and regional offerings. In 2020 we recorded regional service stations average 6.51 per cent after increasing in 2019 to seven per cent, while in 2021 this has fallen further to just 5.88 per cent as many balance sheets have recorded improvement due to the growth in regional holidaying.

NSW Service Stations Average Yield Range by Region 9.00 8.00 7.00 6.00 5.00 4.00 3.00

METRO

REGIONAL

To read our full Between the Lines on the NSW Service Station market visit our website:

Source: Ray White Commercial *to 1 May

www.raywhitecommercial.com/research

With increased competition to secure stock has come another swift reduction in investm yields. We had witnessed this compression notably in the metropolitan-based assets ov few years however these have continued to fall during 2020 to average 4.17 per cent aft results of 4.88 per cent to now average four per cent in 2021 (to date). However limited metropolitan Sydney has further exacerbated this reduction with the bulk of transaction PORTFOLIO | Ray White Commercial |5 to mid-four per cent range.

Source: Ray White Commercial *to 1 May

BEST OF BOTH WORLDS THIS IS THE ONE. The ultimate iconic mixed-use commercial property with multiple income streams plus a luxury penthouse, located on the waterfront of Sydney Harbour in Neutral Bay is being offered for sale for the first time ever.

Proudly marketed by Ray White Commercial - Metropolitan Sydney Principal Jeff Moxham and Ray White Lower North Shore Group Directors Geoff Smith and Richard Harding, this never to be repeated opportunity at 1 Hayes Street, Neutral Bay offers so much more than the eye can see.

The prestigious bluechip address to be sold in one line includes four tenanted retail shops including the famed Thelma and Louise cafe on the edge of the Neutral Bay Wharf, plus four tenanted residential apartments and a luxury three bedroom penthouse with picture postcard views of the iconic harbour.

The architectural split level penthouse has its own private lift access to the triple garage, plus an uninterrupted view from inside and out with two covered entertaining terraces.

There are three one-bedroom apartments plus one two bed apartment all with custom joinery and stylish kitchen fittings and finishes, within arm’s reach of the lapping waterline.

6 | PORTFOLIO | Ray White Commercial

For seller Maggie O’Halloran the opportunity to live in the ultra-secure building at 1 Hayes Street, Neutral Bay has been a dream come true but it was now time to downsize and let another family enjoy the opportunity on offer.

“My grandfather Alec Batchelor built the property over two years in the late 1960s so it’s been in my family for more than 50 years. It’s been such a joy to live right on the edge of the beautiful harbour,” she said.

“Neutral Bay is a very tight knit community and in fact the neighbours used to run a huge street festival which everyone attended. The community spirit is alive here,” Ms O’Halloran said, who gave the building a major overhaul in 1997.

Her son Chris Donnelly (pictured), an expat who recently returned to Sydney after living in Japan, said the location was perfect.

“The location is truly like an iconic postcard. You will never miss the ferry here. You can see it coming in and still have time to get your morning coffee at the Thelma and Louise cafe. We have good tenants who have been very long-standing.”

Ray White Commercial - Metropolitan Sydney Principal Jeff Moxham said this remarkable waterfront asset provided an irreplaceable mixed use opportunity.

“There are a multitude of options available to purchases such to refurbish and occupy for a large and extended family, or occupy the penthouse and lease the waterfront apartments as in-demand high end short term accommodation, not to mention additional income from the commercial / retail tenancies. The ferry and bus to the city is literally at your doorstep, adjoining the stunning Hayes Street Beach.”

Ray White Lower North Shore Group Director Geoff Smith said it was an extremely rare opportunity to acquire this mixed-use waterfront building. “It’s an iconic waterfront location with incredible Harbour Bridge views,” Mr Smith said.

Built in the 1960s directly on the waterline, the harbour’s lapping waters are a constant reminder of the spectacular setting.

“You couldn’t build another property like it. This is a unique and precious opportunity on offer.”

The property will be sold at public auction on-site on Wednesday July 7 at 10:30am, if not sold prior.

PERFECTION: Chris Donnelly pictured at 1 Hayes St, Neutral Bay.

PORTFOLIO | Ray White Commercial | 7

8 OFFICE/WAREHOUSE UNITS SELL FOR $4.775M IN CANNING VALE LOCAL owner-occupiers have snapped up eight separate office/warehouse units in Canning Vale with a total sale value of $4.775 million at 2-6 Tulloch Way.

“All the units were purchased by local owner-occupiers looking for good value warehouse units with ample parking and easy access.”

The eight assets ranged in size from 446sq m* to 640sq m* and were all sold by Ray White Commercial (WA) Sales and Leasing Executives Josh Sumner and Enrique Reyes.

“It has traditionally been quite challenging for industrial warehouse units, especially in Canning Vale, where there are usually plenty of options and high vacancy levels,” Mr Reyes said.

“The whole site was originally built all under one title and was always only available for lease. Recently, the demand for warehouse units has increased, and the property was converted into a strata complex,” Mr Sumner said.

“The units were fully brought to market in October 2020 and in less than a month the first unit was taken, followed quickly by the seven other contracts, with multiple buyers viewing at the same time. The last available unit went under contract in April 2021.

“Despite these challenges and the constant negative news about COVID-19, Ray White Commercial (WA) persevered to challenge the market and engage local business owners to move from their leases to purchase their own premises.

“The eight industrial units sold in record time and contributed to almost half of the recent industrial unit sales in Canning Vale.” *Approximately.

8 | PORTFOLIO | Ray White Commercial

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UNISON PROJECTS BUYS NEWSTEAD DA APPROVED SITE FOR $5.7M UNISON PROJECTS has purchased an exciting DA approved boutique residential scheme just 2.5km* from the CBD in one of Brisbane’s most exciting lifestyle precincts as 14 Maud Street in Newstead sold for $5.7 million Unison Projects is the private property investment and development company of Queensland-based billionaire founder of Super Amart furniture John Van Lieshout.

Established back in 2001, Unison Projects holds an array of property interests including tourism, residential, industrial, and commercial assets.

The asset offered a prominent 1,821sq m* site with 30-metre* street frontage and has a mixed-use (centre frame) zoning under Brisbane City Council.

10 | PORTFOLIO | Ray White Commercial

The property was successfully marketed and sold by Ray White Commercial Qld Director and Head of Sales Tom Barr.

“The marketing campaign attracted strong interest with more than 70 buyer enquiries from local and interstate developers and investors,” Mr Barr said.

“It was an exceptional opportunity to purchase a residential development site which is DA approved for a striking ninestorey residential tower providing 52 apartments.

“The development stylishly integrates an existing 1,012sq m* heritage commercial/retail building (the former Federal Boot Factory) and the design provides a unique juxtaposition of the old and the new.

“The location will benefit from the new Newstead North Neighbourhood Plan which focuses on promoting economic development in the area by encouraging low impact and creative industries and allowing for targeted mixed-use growth.

“The site is also set to benefit enormously from several significant new major projects and public infrastructure, with the recently-completed Mercedes-Benz Lifestyle Precinct and the completion of the Kingsford Smith Drive w“The offering provided an excellent opportunity to capitalize on a market with diminishing forecast unit supply and sat in one of Brisbane’s most exciting precincts underpinned by strong fundamentals and demographics.

“Newstead is a rejuvenated area surrounded by some of Brisbane’s most affluent suburbs in Hamilton, Teneriffe, and New Farm, and is bordered by the Brisbane River.

“Upmarket boutique two and three-bedroom residential apartments in this area have great appeal to a number of demographic cohorts – in particular the young professional and downsizer markets.” *Approximately.

PORTFOLIO | Ray White Commercial | 11

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MAJOR REGIONAL RETAIL INVESTMENT 267-303 Auburn Street, Goulburn NSW

EXPRESSIONS OF INTEREST

EOI closing Wednesday June 16th at 3.00pm (AEST) • • • • • •

Fully leased gross income $1,661,605 p.a.* Anchored by retailer, Target Site area of 9,605 sqm* / FSR 2 : 1 Long term tenant profiles with strong WALE 113 car adjoining customer parking, rear loading dock Zoned B3 commercial core

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

*Approx

raywhitecommercialnsw.com

IRREPLACEABLE HARBOURFRONT MIXED USE INVESTMENT OPPORTUNITY 1 Hayes Street, Neutral Bay NSW

Outline Indicative Only

AUCTION

Onsite 7th of July at 10.30am (AEST) • • • • • •

First time ever offered 5 luxury apartments including iconic penthouse & 4 retail shops offered in one line Absolute Harbour facing aspect for all apartments Sydney city bus and ferry at your doorstep Easy access to Hayes Street Beach Never to be repeated lower North Shore landmark opportunity

Jeff Moxham 0413 838 339 jmoxham@raywhite.com Geoff Smith 0418 643 923 geoff.smith@raywhite.com

*Approx

raywhitecommercialnsw.com

DA APPROVED & CC PENDING BOARDING HOUSE SITE 16 Billabong Street, Pendle Hill NSW

Outline and Locations Indicative Only

AUCTION

Thursday 17th June, 2021 at 10.30am (AEST) at Dexus Place 1 Margaret Street, Sydney CBD • • • • • •

DA approved for 19 new age boarding homes (including 1 manager's room) CC pending GFA - 497.4sqm* FSR 1.2 : 1 Holding income from existing house improvement Further development upside under the current planning controls (S.T.C.A)

Samuel Hadgelias 0403 254 675 shadgelias@raywhite.com

*Approx

raywhitecommercialnsw.com

DA APPROVED BOARDING HOUSE SITE 27-31 Howarth Street, Wyong NSW

AUCTION

Thursday 17th June, 2021 at 10.30am at Dexus Place 1 Margaret Street, Sydney CBD • DA approved architecturally designed Boarding House 93 rooms (91 double rooms + 2 Single rooms) + manager's room with office • Site area 2,170.9 sqm* • Approved GFA of 2,831.6sqm • Car parking for 20 vehicles, on grade

Samuel Hadgelias 0403 254 675 shadgelias@raywhite.com Tina Bligh 0431 371 102 tina.bligh@raywhite.com

raywhitecommercialnsw.com

SHOWROOM OR OFFICE WITH MAIN ROAD EXPOSURE Shop 1/188A Maroubra Road, Maroubra NSW

AUCTION

10 June, 2021 at 9am On the ground level of a contemporary building, this vacant commercial space offers high exposure with plenty of street parking and buses at the door.

• 75sqm* premises with full glass frontage • A/C, Open plan design with separate meeting room • Landscaped common area & shared toilet facilities • 2 x secure car spaces + 16sqm external store room

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

raywhitecommercialsouthsydney.com

12 | PORTFOLIO | Ray White Commercial

RESIDENTIAL INVESTMENT OR ACCOMMODATION FACILITY 411 Enoggera Road, Alderley QLD

EXPRESSIONS OF INTEREST Closing Wed 9 Jun 2021 4pm • • • • • •

33 bedroom, purpose built rooming accommodation facility Two level, modern and low maintenance block building in immaculate condition Most recent financial year gross income of $275,000 Prominent 1,187m'* site only Skm* from Brisbane CBD Strong catchment area - close to QUT Kelvin Grove campus, Royal Brisbane Hospital Fully accredited as a Residential Service (Level 1) by QLD Department of Housing

Andrew Burke 0417 606 128 andrew.burke@raywhite.com James Hanley 0408 999 755 james.hanley@raywhite.com

*Approx

raywhitespecialprojects.com

4.133HA* DEVELOPMENT SITE 7002 Junction Drive, Redbank Plains, SEQLD

Outline and Locations Indicative Only

EXPRESSIONS OF INTEREST Closing Wed 23 Jun 2021 4pm • • • • •

10km* from Springfield, 13km* to Ipswich CBD and 33km* from Brisbane CBD Currently designated Future Urban and Recreation Designated MD1 - Medium Density 1 in Draft Ipswich Planning Scheme 2019 Potential for residential lots, townhouses, terraces and child care (^STCA) Directly opposite future Woolworths anchored shopping centre and future Redbank Plains Railway Station and corridor

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

*Approx ^Subject to Council Approval

raywhitespecialprojects.com

4.74HA* VACANT LAND NORTHERN NSW COAST 61 Marana Street, Bilambil Heights NSW

Outline and Locations Indicative Only

AUCTION

Thur 10 Jun 2021 11am at Gold Coast Turf Club, Bundall • Positioned next to proposed "Rise" Masterplan Community • Zoned R1 General Residential • Development options include subdivision, residential units or medium density (^STCA) • 10km* to beachfront at Coolangatta, 7km* west of the M1 • 12* minutes drive to retail / commercial precinct in Tweed Heads

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

*Approx ^Subject to Council Approval

raywhitespecialprojects.com

MAXIMUM EXPOSURE WITH TRUCK SALES APPROVAL! 1662 Warrego Highway, Karrabin QLD

Outline Indicative Only

AUCTION

Thursday 10 June 1pm Lvl 26, 111 Eagle Street, Brisbane Huge Warrego Highway exposure close to Brisbane Valley Highway & Ipswich City Interchanges with easy access via service road. Includes air conditioned office & separate meeting area, kitchen, store room & toilet. Hard stand at front & level pad at rear of property with access from side road. Zoned Rural C with truck sales approval & only 40 mins* to Brisbane & 50 mins* to Toowoomba.

Les Svensson 0409 270 056 les.svensson@raywhite.com Warren Ramsey 0412 266 304 warren.ramsey@raywhite.com

raywhiteipswich.com.au

IDEAL LOCATION WITH TRUCK DEPOT AND WORKSHOP APPROVAL 273-319 Schultzs Road, Ironbark QLD

Outline & Locations Indicative Only

AUCTION

Thursday 10 June 1pm Lvl 26, 111 Eagle Street, Brisbane Situated on the Brisbane Valley Highway on a 17.59 ha block and only 40mins to Brisbane and 50 mins to Toowoomba.

• Prime mover service pit with adjacent 27x12mt skillion awning • 3 phase power to the site, town water, hard stand for parking and fully fenced • Zoning Rural C with truck depot and workshop approval • Quick access to the Warrego Highway

Warren Ramsey 0412 266 304 warren.ramsey@raywhite.com Les Svensson 0409 270 056 les.svensson@raywhite.com

raywhiteipswich.com.au

A SECLUDED EVOLUTIONARY BOTANICAL ESTATE ‘Eaglemont Estate’, Springbrook, Gold Coast Hinterland QLD

SALE • • • •

5 Titles with dual road frontages and access 63.17 hectares - 13.5% of Springbrooks cleared area Outstanding commercial capacity water bores One of Australia's true country Estates

Peter Douglas 0407 172 101 pdouglas@raywhite.com

raywhiteruralqld.com.au

WAREHOUSE IN GREAT COMPLEX 3/36 Blanck Street, Ormeau QLD

AUCTION

Thursday 1 July at 11am, Gold Coast Turf Club • • • • • •

315m2* tilt panel warehouse 7.5m2* internal height Single roller door with width of 5.5m* 5 allocated car parks Great access for trucks - close to M1 Motorway Act now to secure this space

Lisa Dunne 0420 208 891 l.dunne@rwsp.net

raywhiteindustrialm1north.com

FULLY LEASED INVESTMENT OPPORTUNITY 2/26 Expo Court, Ashmore QLD

Outline and Locations Indicative Only

AUCTION

Thursday 10th June, 4:00pm • • • • • •

Net lettable area: 286sqm* Current 3 year lease + options - 3% annual increases Net income $48,000* p.a. + GST outgoings Tilt-slab construction & 3 phase power to site High access roller door Motivated seller

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

*Approx

raywhitecommercialbroadbeach.com

16 | PORTFOLIO | Ray White Commercial

COASTAL MOTEL WITH DEVELOPMENT OPPORTUNITY 123 Ocean Drive & 14 Greensell Street, Bunbury WA

Outline Indicative Only

EXPRESSIONS OF INTEREST Closing Thursday 10 June 2021 at 5pm (AWST) • • • • •

Ocean Drive Hotel centrally located in Bunbury CBD 15 motel units plus adjoining 5 self contained units 3,400m2* of prime land with two street frontage Exceptional opportunity to value-add Uncover its true development potential

Stephen Harrison 0421 622 777 stephen.harrison@raywhite.com Phil Zoiti 0419993656 phil.zoiti@raywhite.com

raywhitecommercialwa.com

PRIME EAST PERTH DEVELOPMENT SITES - UNDER INSTRUCTION FROM THE MORTGAGEE 57 Forrest Avenue & 29 Wellington Street, East Perth WA

Outline and Locations Indicative Only

EXPRESSIONS OF INTEREST Closing Thursday 1 July 2021 at 5pm (AWST) • • • •

57 Forrest Avenue: 589sqm* - 3:1 Plot Ratio 29 Wellington Street: 675sqm* - 3.6:1 Plot Ratio Previous Development Approvals 21m - 29m height limit

All dimensions and plot ratios are subject to confirmation

Stephen Harrison 0421 622 777 stephen.harrison@raywhite.com Brett Wilkins 0478 611 168 brett.wilkins@raywhite.com

*Approx

raywhitecommercialwa.com

INVEST / OCCUPY / DEVELOP 1 Howard Street, Fremantle WA

Outline and Locations Indicative Only

EXPRESSIONS OF INTEREST Closing Thursday 1 July 2021 at 4pm (AWST) • • • •

Land area: 576sqm Development potential to 4 levels Premium location Partially leased

Brett Wilkins 0478 611 168 brett.wilkins@raywhite.com

raywhitecommercialwa.com

14 | PORTFOLIO | Ray White Commercial

RESTAURANT AND RESIDENCE WITH DEVELOPMENT UPSIDE 76 Renshaw Street, Doncaster East VIC

Outline and Locations Indicative Only

SALE/LEASE • Total Building Area 119sqm* • Total Land Area 185sqm* • Doncaster East Median House Price 30/03/2021 $1,260,000* • Freehold (No Owners Corporation Fees) • Development Upside^

• • • •

Fully Equipped Commercial Kitchen 50 Seat Restaurant Space* 2 Bed, 1 Bath Apartment Close to Eastern Freeway

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

*Approx ^Subject to Approval

raywhitecommercialferntreegully.com

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FULLY LEASED INVESTMENT - 2 BUILDINGS, 7 TENANTS 106 Carlyle Street, Sydenham, Canterbury NZ

SALE

Deadline Sale closing 4pm Thursday 3rd June 2021 Level 2, 76 Hereford Street, Christchurch (unless sold prior) Two attractive two level office buildings on 976m2* of north facing Industrial General Zoned land in Sydenham. Fully leased to 7 tenants for excellent spread of risk. Returning an estimated net rental of $160,808*pa + GST. Advantaged by a warm, sunny, northerly aspect with good onsite car parking (16). Handy location close to Moorhouse Avenue providing easy access to and from the city. Call the agent for an Information Memorandum or to arrange your inspection.

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

*Approx

www.rwcchristchurch.co.nz

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

OCCUPY, DEVELOP OR INVEST - LINCOLN ROAD YARD 47 & 49 Lincoln Road, Hillmorton, Christchurch NZ

SALE

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

1,508m2 commercial site situated between McDonalds & NPD service station with a 30m* street frontage to busy Lincoln Road. Ideal for redevelopment or an owner occupier. Includes a 3 bay workshop of 98m2*, separate office/amenities of 84m2* & sealed yard. Excellent high profile location on a main arterial route to and from the expanding south western suburbs. *Approx

www.rwcchristchurch.co.nz

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

LEASED INVESTMENT OR OWNER OCCUPY WITH INCOME 277 Kilmore Street, Central City, Christchurch, NZ

SALE

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

Contemporary ground floor office unit of 160m2* split into 2 separate tenancies. One leased to a professional firm returning $20,360pa net, the other is vacant. Well located in the Central City on a high profile corner site with good street frontage and 4 onsite car parks.

*Approx

www.rwcchristchurch.co.nz

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

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

WE MANAGE

Offices

Industrial/ Warehouses

Showrooms/ Bulky Goods

Medical Precincts

Childcare Centres

Service Stations

Pubs

Retail

Recreational Facilities

Food and Beverage

$

Shopping Centres

Motor Dearlerships

PORTFOLIO | Ray White Commercial | 17