Ray White - Portfolio August 2020 - Eastern Suburbs

P O R T F O L I O AUGUST 2020

COMPETITION CREATION IN THE TIME OF COVID-19 Hybrid auction in Glebe smashes reserve

Commercial market research update

Commercial property listings from around Australia and New Zealand

ANDREW FREEMAN Head of Agency Operations

It’s with great excitement that we can officially announce the move to a monthly publication of the Ray White Commercial Portfolio e-magazine.

This easy-to-navigate publication brings you a tremendous collection of commercial and industrial property across Australia and New Zealand.

Over the past few months, as restrictions have changed, the Ray White Commercial team has banded together as one close-knit team.

I’d like to take a moment to recognise our commercial teams in Victoria who once again overnight - adapted incredibly well in what is a difficult and dynamic situation.

The beauty of a family-owned and led business is the togetherness we all have in tough times.

Although this vastly different landscape has created a number of problems, it’s also bringing forward many more opportunities.

The overwhelming flow of data is showing us that despite the doom and gloom speculation, we still have an insatiable appetite for commercial real estate.

As a group, our listings remain up year-on-year, and sales continue at the same level we saw in 2019.

Now is a great time to be locking down your investment, or securing the ideal lease for your business.

I hope you enjoy this edition of the Ray White Commercial Portfolio e-magazine.

QUICK JUMP TO A REGION QLD

NSW

VIC

NZ

PORTFOLIO | Ray White Commercial | 3

HAT-TRICK OF SALES PROVES STRENGTH OF COMMERCIAL AUCTION MARKET AUCTIONS continue to be an excellent method of sale for commercial agents across the nation as data from Australasia’s leading real estate group highlights strength in competition.

Latest data from the Ray White Group shows over the past month, the number of scheduled auctions increased more than 100 per cent when compared to the same time two years ago, with an average of five registered bidders per auction.

The hat-trick highlight came in Parramatta as a freestanding commercial investment with development upside sold for $8,500,000 under the hammer at 2-4 Palmer Street.

The property, that came with a 685sqm* building area and 600sqm* land area, was sold at auction on a 2.9 per cent yield.

“The sale being in excess of the reserve price is further evidence the commercial market remains strong despite the negative speculation regarding Australian property markets in the wake of rising cases of COVID-19,” Mr Hadgelias said.

“The low yield is consistent with other freehold buildings that have traded nearby and evidences the continued strong demand for ‘value add’ assets with future development potential,” Mr Khoury said.

“FORTUNATELY FOR THEM AND FOR US – THE LETTERBOX DROP WAS A SUCCESS. THE BUYER LITERALLY LIVES JUST DOWN THE ROAD, SO IT PROVES HOW CRUCIAL SUPER-LOCAL MARKETING STILL IS.”

“We’re continuing to see strong interest across most asset classes with investors either chasing security of income flows or ‘upside’ in terms of future development of the asset,” Mr Race said.

The asset was marketed and sold by Ray White Commercial Metropolitan Sydney Director Samuel Hadgelias and Principal Jeff Moxham, in conjunction with Anthony Khoury and Jon Race of Khoury Partners.

In the Sunshine State, a builder/developer who lived within walking distance of Brisbane’s Norman Park beat off strong competition from 16 other registered bidders as 12-14 Moreton Street sold for $1,110,000 under the hammer.

“Freehold commercial opportunities with upside are a rare commodity in the Parramatta CBD and that’s why this asset attracted seven registered bidders,” Mr Moxham said.

The deceased estate, that came with an 810sqm land area, sold significantly over the reserve price, with the money bequeathed to charity.

4 | PORTFOLIO | Ray White Commercial

The property was marketed and sold by Ray White Commercial Bayside Director Nathan Moore and Ray White Special Projects Queensland Associate Director Andrew Burke.

Mr Burke said the successful campaign came down to an oldfashioned letterbox drop, with the help of his two children.

“The eventual winning bidder became aware of the opportunity from a brochure we’d dropped off,” Mr Burke said.

“Normally we use a third party for this, but my two young kids were suffering from a bit of COVID-19 cabin fever, so we got them to deliver to give them a bit of exercise. Nathan and I promised them a box of ice creams each if the eventual buyer came from it.

“Fortunately for them and for us – the letterbox drop was a success. The buyer literally lives just down the road, so it proves how crucial super-local marketing still is.”

investment for $724,000 – $14,000 over the reserve price – at 344 Bay Road in Cheltenham.

The property, that came with a 220sqm* total building and land area, was currently leased to an established remedial massage business since 2018.

The asset was marketed and sold at online auction by Ray White Commercial Oakleigh Sales/Leasing and Operations Manager Ryan Amler.

“This was an exceptional result given we had to move the auction from on-site to online in a short space of time due to the return of restrictions,” Mr Amler.

“Despite the obstacles, the campaign was still strong with over 30 enquiries, and 15 private inspections. That translated to four registered and three active bidders on the day.

Auction crowd at 12-14 Moreton Street in Norman Park.

Mr Moore said 17 registered bidders was a sign the commercial market continued to defy the negative speculation due to the COVID-19 pandemic.

“We know that with certain locations and asset classes, the time to be buying is now, and attracting so many bidders proves just how active the market is,” he said.

“The site previously housed five flats, but the potential laid in knocking it down. The site has been assessed as a development for units, townhouses or a splitter block.

“The location was also a real drawcard, being within walking distance of the ferry terminal, bus and train, and only a 10-minute drive to Brisbane CBD.” Arguably, the best result came in Melbourne, as the Ray White Commercial Oakleigh office defied all doom and gloom predictions as they sold a freehold mixed-use commercial

“To sell $14,000 over the reserve price is a testament to how good the opportunity was as we had to contend with a massage business that has now had to shut twice due to COVID-19.

“With little-to-no vacancy in the retail strip, this property provided investors with great comfort knowing that there’s a reliable tenant in place for many years to come.

“It’s within the south-eastern growth corridor and in one of Melbourne’s most rapidly rising beachside suburbs, so it was a perfect addition to an investment portfolio.

“It’s close to everything that you’d expect in an investment property and is among an array of supporting and servicetype businesses such as food outlets, supermarket, medical centre, hair salons and more, and is within direct proximity to the ever-busy Southland Shopping Centre.”

PORTFOLIO | Ray White Commercial | 5

HOW A HYBRID AUCTION IN GLEBE ACHIEVED $125,000 OVER RESERVE RAY WHITE has always been at the forefront of innovation and that has never been on display more than when Australasia’s largest real estate group pivoted to online auctions when COVID-19 restrictions meant on-site auctions could no longer take place.

Ray White Commercial Sydney City Fringe Principal Kristian Morris has found a happy hybrid medium though, recently utilizing a simultaneous online and on-site auction at 25A Glebe Road to great effect, as the property sold for $805,000 - $125,000 over the reserve price.

WHY AUCTION Creating competition is vital to securing the best price.

At Ray White, our entire family history has been based on creating competitive situations to achieve the best result for our vendors.

Auctions have proudly been part of the fabric of this fourth generation, family-owned and led business since 1902.

This method of sale is one we believe in and have recommended to our clients since then. We still believe it’s the purest form of selling real estate.

6 | PORTFOLIO | Ray White Commercial

Auction is a method of sale where the market determines the price of an asset in an open forum negotiation, which is essentially what happens on auction day.

Buyers can look each other in the eye and see what someone else is prepared to pay for it, and can then decide if it’s worth more to them and continue bidding, all on an open and even playing field.

No matter what state the market is in, an auction campaign, if carried out correctly, gives you the best chance of creating that competition between bidders to achieve the maximum price for the vendor.

At worst, an auction campaign gives you a platform. A platform where post-auction negotiations can take place to still achieve the best possible outcome for the vendor, and for those unsuccessful, they become a pool of buyers for the future.

THE CAMPAIGN We spent more than $7,000 on the marketing campaign – including the property video – and we focused on our usual online portals.

The power of earned media was clear to see in this campaign as we saw a significant uplift in enquiry following an editorial in the Inner West Courier newspaper.

We knew the location and price bracket would really appeal to buyers as we fielded more than 90 enquiries and had 22 private inspections – a substantial figure in the current climate.

We decided to offer buyers the traditional on-site auction or to use the new and innovative online platform and the outcome of this was very interesting.

ON THE DAY Somewhat incredibly, of the 13 registered bidders we managed to attract for this excellent property, only four of them were in-room and the other nine were online.

The eventual winning bidder was in-room but every single under-bidder was online – so it’s clear that buyers are embracing the ability to choose how and where they bid.

Communication was also key. We made sure we followed up with all interested parties, and the night before, we spoke to one potential buyer who had actually got their dates mixed up.

We were able to get them registered there and then and they actively bid on the day. This is a great example of why you should keep in close contact with all of your potential buyers.

THE OUTCOME The vendor was delighted with the outcome as six of the 13 registered bidders actively competed to drive the sale price well beyond the reserve.

The market feedback throughout the campaign was between $600,000 and $700,000 and the vendor set their reserve at a very realistic price.

The auction setting did what it does best and forced competition between parties that really wanted the property – the emotional attachment to the property was clear to see.

The energy during the auction was fantastic and it took 27 bids to reach the $805,000 sale price. After this success, we’ll definitely consider using a hybrid auction going forward.

PORTFOLIO | Ray White Commercial | 7

BETWEEN THE LINES: RESEARCH SPOTLIGHT

THE AUSTRALIAN COMMERCIAL MARKET IN A COVID-19 ECONOMY.

The Australian Commercial market in a COVID-19 economy.

Vanessa Rader, Head of Research

VANESSA RADER Head of

2020 was tipped by many to be a year of prosperity for Australia - unemployment rates were down, interest rates were low, construction investment continued notably by way of infrastructure projects and rising commodity prices was expected to lead to strong GDP growth. However, business activity changed remarkably upon the need for lockdown measures to take place in March by the State and Federal government in response to the rising threat of the global pandemic COVID-19. Overnight we saw businesses learning to adapt to new restrictions on trade, unemployment levels rose all while interest rates plummeted to their all-time low.

While our social distancing did much to slow the curve, the impact on the global economy has been insurmountable. This has led to a rise in uncertainty; confidence has been tested when it came to commercial property markets. With many tenants unable to pay rent and vacancies rising, many owners opted to “wait and see” before making any swift decisions resulting in a sizeable decline in investment activity which was already billowing given the low interest rates/yield scenario which played out during 2019.

Ray White Commercial commenced a weekly transaction analysis to understand the impacts of the wavering sentiment in the market. Activity remained like previous years until March saw a halt to business activity as volumes start to fall. As restrictions eased and more noramalised conditions started to emerge we saw confidence build with vendors

2020 was tipped by many to be a year of prosperity for Australia, unemployment rates were d interest rates were low, construction investment continued notably by way of infrastructure p and rising commodity prices was expected to lead to strong GDP growth. However, business a Research changed remarkably upon the need for lockdown measures to take place in March by the Stat Federal government in response to the rising threat of the global pandemic COVID-19. Overn saw businesses learning to adapt to new restrictions on trade, unemployment levels rose all w interest rates plummeted to their all-time low.

While our social distancing did much to slow the curve, the impact on the global economy has insurmountable. This has led to a rise in uncertainty; confidence has been tested when it cam commercial property markets. With many tenants unable to pay rent and vacancies rising, ma owners opted to “wait and see” before making any swift decisions resulting in a sizeable decli investment was the alreadymarket, billowing given the low interest rates/yield scenario wh willing to activity comewhich onto believing in alternative played out during 2019. sales/inspection methods; gaining good results with our

elevated auction commenced clearancea weekly ratestransaction due toanalysis the toheightened Ray White Commercial understand the impacts o wavering levels sentiment in the market. Activity remained like previous March enquiry for commercial assets.

During Juneyears weuntil saw a saw a ha business activity as volumes start to fall. As restrictions eased and of more noramalised conditio continued volume uptick heading into the end financial started to emerge we saw confidence build with vendors willing to come onto the market, bel year as sentiment improved and businesses were emerging in alternative sales/inspection methods; gaining good results with our elevated auction cleara into the economy. rates duepost to the COVID-19 heightened enquiry levels for commercial assets. During June we saw a conti

volume uptick heading into the end of financial year as sentiment improved and businesses w emerging into the post COVID-19 economy.

1H Australian Commercial 1H2020 2020 Australian Commercial TransactionsTransactions By state (sub $50 million)

By State (sub $50million)

Qld 21.71%

WA 8.42%

SA 7.19% NT 0.56% Tas 1.79% ACT 1.54%

Vic 25.66%

NSW 33.12%

Total Turnover $10.176billion across 4,582 transactions

Total turnover $10.176 billion across 4,582 transactions Source: Ray White Commercial, PIMS, Real Capital Analytics *preliminary data

Source: Ray White Commercial, PIMS, Real Capital Analytics *preliminary data

Over the first half of 2020 we have recorded over an outstanding result recording more than 20 per cent of all $10.1 billion in commercial volumes in the sub $50 million sales with the regional areas recording continued demand market, this represented by over 4,500 transactions. While had an outstanding period, the market which was expected to this of turnover it remains 37.14volumes per in the outperform most states in 2020 due to improving employment Overisthean firstimpressive half of 2020 welevel have recorded over $10.1billion in commercial sub $50million market, by over 4,500 transactions. is an impressive leveloutput of cent down on this therepresented same period in 2019.

The While highthis volume and demand had seen signs of population increases it remains 37.14% down on the same period in 2019. The high volume of sub $10million ofturnover sub $10 million sales testament to the strength of this and housing improvements which have now been set back. sales testament to the strength of this smaller end of the market propping up these total sales as smaller end of the market propping up these total sales as many institutional buyers remained inactive over this period. Volumes of sales in the over By asset class we see that industrial demand remains strong. many institutional buyers remained inactive over this $50million price range have been harder hit as the willingness to buy andperiod. sell during these uncertain There has been much speculation that this asset class would times was reduced.

Volumes of sales in the over $50 million price range have be able to weather the COVID-19 storm better than any other been harder close hit as buy and by sell during NSW recorded to athe thirdwillingness of all sales thisto year followed Victoria withthese a quarter, heavily driven given the high reliance put on the storage and distribution uncertain times was by the private investor and reduced. developer market. Queensland has also had an outstanding result as many consumers move towards online retail recording more than 20% of all sales with the regional areas recording continued demand.ofWAgoods had NSW recorded close to a third of all sales this year followed options.

Retail has attributed to 20 per cent of all sales, an outstanding period, the market which was expected to outperform most states in 2020 due to employment output demand had seen signs of by population increases and housing byimproving Victoria with aandquarter, heavily driven the private which has been well accepted by smaller institutional groups, improvements have now been set back.Queensland has also had private buyers and syndicates notably for small “needs based” investor andwhich developer market. neighbourhood/community centres.

1H Australian Commercial 1H2020 2020 Australian Commercial TransactionsTransactions Like retail, the doom and gloom associated with the office ByByasset class (sub $50 million) asset class (sub $50million) market due to the increase in work from home has not translated into a reduced appetite for this asset class, Retail Office represented by 22.69 per cent of total sales, we have seen 20.06% Aged/Child 22.69% Care many buyers opt for local offerings as well as CBD assets.

0.58% Medical assets have seen some growth this period, as savvy investors see the longevity of this asset class together with Medical 2.72% the high levels of hygiene and sanitation which is offered.

Development site activity has not been set back over this Hotel & period with developers eagerly contesting assets this year, Tourism 4.95% while limited stock may be available to the market, buyers continue to be cautious and look for quality offerings with Development Industrial Site 34.85% flexible terms in anticipation for increased demand for Other 10.71% Student Housing 2.85% developed stock in the coming years.

0.60% Source: Ray White Commercial, PIMS, Real Capital Analytics *preliminary data Source: Ray White Commercial, PIMS, Real Capital Analytics *preliminary data

By asset class we see that industrial demand remains strong. There has been much speculation that this asset class would be able to weather the COVID-19 storm better than any other given the high reliance put on the storage and distribution of goods as many consumers move towards online retail options. Retail has attributed to 20% of all sales, which has been well accepted by smaller institutional groups, private buyers and syndicates notably for small “needs based” neighbourhood/community centres.

Like retail, the doom and gloom associated with the office market due to the increase in work from home has not translated into a reduced appetite for this asset class, represented by 22.69% of total

PORTFOLIO | Ray White Commercial | 9

10 | PORTFOLIO | Ray White Commercial

LONG-ESTABLISHED TENANTED INVESTMENT Double Bay Nsw, 5 Knox Street

SALE

Price Upon Application • • • • • •

Modern Strata Shop 39sqm* Long-established tenant French Riviera Ice Creamery Net income of $63,300 per annum Fronting Goldman Lane with exceptional retail exposure Ideal low-maintenance, hassle-free super-fund investment Picturesque location, moments from the Intercontinental Hotel & soon to be completed Cross Street developments

Grant Whiteman 0418 244 566 gwhiteman@raywhite.com Jake Fahd 0419 951 324 jfahd@raywhite.com

*Approx

raywhitecommercialeasternsuburbs.com

HAVE IT ALL NOW | A-GRADE EDGECLIFF OFFICE Edgecliff Nsw, 179-191 New South Head Road

LEASE Key Features: • 1650 sqm of renovated space with subdivision options • 32 allocated and secure on-site car spaces • High visibility location, exclusive building naming rights • Easy access to the CBD, less than 3kms drive, or 10 minutes on the train to Sydney Town Hall • Brand new uni-sex end of trip ensuite facilities • 4 star NABERS Energy Base Building rating

Grant Whiteman 0418 244 566 gwhiteman@raywhite.com

raywhitecommercialeasternsuburbs.com

948M2 - ONE OF SOUTH SYDNEY'S BEST INDUSTRIAL ESTATES Matraville Nsw, 6/1 Military Road

AUCTION

Mezzanine Level, 50 Margaret Street, Sydney Tuesday 18th August 2020 at 10:30am • • • • • • •

Grant Whiteman 0418 244 566 gwhiteman@raywhite.com

High clearance warehouse Immediate access to Port Botany Excellent loading/unloading facilities 821m2* high clearance warehouse 127m2* modern, air-conditioned first floor offices Amenities on both levels 7 undercover car spaces

*Approx

raywhitecommercialeasternsuburbs.com

WHEN ONLY THE BEST WILL DO

TOP FLOOR | HARBOR VIEWS

LEASE

LEASE

Enjoying a prominent position on the corner of Knox Jake Fahd Street, this multi award-winning building lends itself 0419 951 324 to corporate clients & medical professionals seeking high-end quality commercial space.

• Approx. 92 SQM large open plan office space • Floor to ceiling windows & abundant natural light • Easy transport links to the CBD

Occupying the top floor of a quality building in the heart of Rose Bay, this outstanding whole floor tenancy offers the ultimate in convenience plus the addition of great views across the Rose Bay Harbor.

Double Bay Nsw, 376 New South Head Road

Price Upon Application

Rose Bay Nsw, 710 New South Head Road

Price Upon Application

raywhitecommercial

Jake Fahd 0419 951 324

Opportunity to split tenancies 75 sqm / 93 sqm

raywhitecommercial

PORTFOLIO | Ray White Commercial | 11

PRIME SHOWROOM LOCATION MAROOCHYDORE CBD Maroochydore Qld, 115 Maud Street

LEASE • • • • • • •

Stand-alone 300m2* tenancy 40m2*mezzanine 6 exclusive car parks plus 1 disabled car park High ceilings Large glass windows & ample natural light Separate workshop/storage Internal kitchenette and W/C

Tallon Pamenter 0414 361 901 tallon.pamenter@raywhite.com David C Smith 0412 712 680

davidcsmith.commercialsc@raywhite.com

*Approx

raywhitecommercialnoosasunshinecoastnorth.com

EXCEPTIONAL NOOSAVILLE DEVELOPMENT OPPORTUNITY Noosaville Qld, 101 and 105 Eumundi Noosa Road

Outline Indicative Only

SALE

Expression of Interest Closing Thursday 13 August 4:00pm • • • • • •

101 Eumundi: 3,740m2* vacant lot 105 Eumundi: 1,748m2* lot with residential home Available for purchase individually or in one line Suitable for Residential/Townhouses/Duplex/Commercial/Aged Care/Visitor Accommodation (STCA) Current approval in place for Hardware store / Garden and Lifestyle centre Prime real estate with an approx combined 90m wide frontage onto highly sought after Eumundi Noosa Road

David Brinkley 0448 594 361 david.brinkley@raywhite.com Paul Forrest 0408 985 254 paul.forrest@raywhite.com

*Approx

raywhitecommercialnoosasunshinecoastnorth.com

TENANTED INVESTMENTS - NEW DEVELOPMENT Tewantin Qld, 11-19 Hilton Terrace

SALE • • • • • • •

Rare opportunity to purchase brand new, tenanted retail investment properties in a new development Convenient and visible location on the main thoroughfare linking Noosa to Tewantin Fish & Chip Shop - 10 year lease + options Veterinary Surgery - 5 year lease + options Cafe - 3 year lease + options Hairdresser - 5 year + options Laundromat - 10 year lease + options UNDER CONTRACT

David Brinkley 0448 594 361 david.brinkley@raywhite.com Louisa Blennerhassett 0447 904 552 louisa.blennerhassett@raywhite.com

*Approx

raywhitecommercialnoosasunshinecoastnorth.com

YEPPOON CARAVAN PARK 2.3HA* REDEVELOPMENT POTENTIAL Yeppoon Qld, Poinciana Tourist Park

Outline Indicative Only

EXPRESSIONS OF INTEREST Closing Thu 13 Aug 2020 4pm

• 2.3* hectares zoned Medium Density Residential • Operational caravan park with 103 sites and 12 cabins offering a prime redevelopment opportunity to maximise full potential • Other redevelopment options include Medium Density Residential, Retirement, Aged Care Manufactured Home Estate etc (^STCA) • Three street frontage & access • 2.5km* south of the Town Centre

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

APPROVED TOWNHOUSE SITE

3,056M2* MIXED USE DEV. SITE

Outline and Locations Indicative Only

Outline and Locations Indicative Only

SALE

SALE

Caloundra Qld, 6 Canberra Terrace

Deeragun Qld, 3/12 Deeragun Road

$990,000

$925,000 + GST

• Land area: 1,696m2* • DA Approved for 4 x architect designed townhouses in duplex configuration • Each townhouse - 3 brm plus study, 2 bath plus powder room, 2 car garage, rooftop terrace and optional plunge pool over 3 storey's

Matthew Fritzsche 0410 435 891 Jake Mackay 0430 283 293

*Approx

• Land area: 3,056m2* • Zone: District Centre - Deeragun District Centre Precinct • Range of potential development options, including: childcare, residential, retail, community uses, commercial, medical and dining^

Matthew Fritzsche 0410 435 891 Andrew Burke 0417 606 128

*Approx ^Subject to Council Approval

raywhitespecialprojects.com

raywhitespecialprojects.com

APPROVED SUBDIVISION SITE

MAJOR TOWN CENTRE

Outline and Locations Indicative Only

Outline and Locations Indicative Only

SALE

SALE

Beerwah Qld, 9 Roxton Court

• • • •

Land area: 1.84ha* Zoned Low Density Residential DA & OPW Approvals in place 11 Approved lots ranging from 600m2* to 2,278m2* • Existing highset 4 bedroom house has been recently renovated

Flagstone Qld, Homestead Drive

Dax Roep 0421 230 354 Matthew Fritzsche 0410 435 891

*Approx

• Lot sizes ranging from 1,710m2* to 6.9ha* • Flexible Zoning allows Retail, Showroom, Low Impact Industry, Multi Residential, Commercial, Medical, Education, Recreation • Middle of major town centre to cater for 12,000 homes • 45min* south of Brisbane; 25min* to Springfield

Andrew Burke 0417 606 128 Matthew Fritzsche 0410 435 891

*Approx

raywhitespecialprojects.com

raywhitespecialprojects.com

7,082M2* DEVELOPMENT SITE

APPROVED FOR 42 TOWNHOUSES

Outline and Locations Indicative Only

Outline and Locations Indicative Only

SALE

SALE

Collingwood Park Qld, 180 Eagle Street

• Land area: 7,082m2* with two street frontage • Zoned LC01 Local Retail & Commercial (Major Neighbourhood Centres) • Site previously approved for service station (lapsed) • Range of commercial and mixed use development options^

Matthew Fritzsche 0410 435 891 Andrew Burke 0417 606 128

*Approx ^Subject to Council Approval

Kallangur Qld, 241 Marsden Road

• Offered for sale with 16 pre-sales • Land area - 8,094m2* • DA for 42 townhouses, comprising 3 x bed, 2.5 bath configuration • Walking distance to Dakabin Train Station, schools, shops and Pine Rivers Golf Course

Matthew Fritzsche 0410 435 891

*Approx

raywhitespecialprojects.com

raywhitespecialprojects.com

2,996M2* MEDIUM DENSITY SITE

MORTGAGEE SALE D.A FOR 209 LOTS

Outline and Locations Indicative Only

Outline and Locations Indicative Only

EXPRESSIONS OF INTEREST

EXPRESSIONS OF INTEREST

• Land area: 2,996m2* • Potential yield of 84 apartments up to 7 storeys (^STCA) • Cleared, flat site with access and services available • 40km* north of the Brisbane CBD in fast growing Moreton Bay region

• 15.26Ha* with DA for 209 lots • Diverse lots ranging from 187m2* to 412m2* (avg.

261m2*) • Positioned in Providence catchment with access to amenity including Ripley Valley State School • 1km* from Ripley Rd & 2km* from Centenary Highway Intersection

Mango Hill Qld, Lot 1366 Ellison Parade

Closing Wed 5 Aug 2020 4pm

Mark Creevey 0408 992 222 Tony Williams 0411 822 544

*Approx ^Subject to Council Approval

South Ripley Qld, 66-108 Watsons Road

Closing Thu 13 Aug 2020 4pm

Mark Creevey 0408 992 222

*Approx

raywhitespecialprojects.com

raywhitespecialprojects.com

BEACHFRONT TOURIST PARK SITE

RECEIVER'S SALE BALANCE LAND

Outline Indicative Only

Outline and Locations Indicative Only

SALE

SALE

Rules Beach Qld, 66-72 Rules Beach Road

Structure Terms or Joint Ventures Considered • Land area: 5.05* Hectare (Balance area of Rules Beach Estate) • Development Permit for a Glamping, Camping and Caravan Park, 42 freehold holiday villas and Rural Service Centre • Positioned at the gateway to the Southern Great Barrier Reef *Approx

Tony Williams 0411 822 544

Mark Creevey 0408 992 222 Tony Williams 0411 822 544 Glenn Price 0402 623 298 Brent McCarthy 0448 355 329

raywhitespecialprojects.com

Southside Qld, Lot 999 Sorensen Road

• Land area: 12.26* Hectares • Approved for 127 lots across 5 stages • Lot sizes range from 543m2* to 1,382m2* (Avg. 777m2*) • Stage 1 developed & sold (29 lots) • 3.5km* to Southside Woolworths & Gympie Showgrounds, 6km* from Gympie Town Centre

Tony Williams 0411 822 544 Mark Creevey 0408 992 222

*Approx

raywhitespecialprojects.com

BRAND NEW 10 YEAR LEASED INNER CITY INVESTMENT Newstead Qld, 16A Masters Street

AUCTION

Friday 21 August 10:15am Lvl 26, 111 Eagle Street, Brisbane City • • • • • • •

New 10 year net lease to Studio 45 Fitness 5 year lease to Masters St Coffee Seller to guarantee 6 months rent Income secured by 3 month security bonds Net income $122,436 pa + GST 2.Skm* from Brisbane CBD One of the most desired suburbs to live or work in Brisbane

Michael Feltoe 0447 714 899 michael.feltoe@raywhite.com Lachlan O'Keeffe 0413 464 137 lokeeffe@raywhite.com

raywhitecommercialqld.com

SERVICE STATION AND AUTO WORKSHOP Silkstone Qld, 136 Blackstone Road

SALE

$4,895,000 • • • • • • •

Dual tenant investment Long Lease - WALE: 9.62 (by rent) High annual rent increases: 3% p.a Long established service station + Mechanic High population growth area Brisbane’s western suburbs Clean site with new infrastructure and strong remediation clause

Stephen Kidd 0413 550 474 stephen.kidd@raywhite.com Elliot Kidd 0407 696 738 elliot.kidd@raywhite.com

raywhitecommercialqld.com

ICONIC HOTEL

RARE OPPORTUNITY

SALE/LEASE

SALE

Beaudesert Qld, 64 Brisbane Street

$1,700,000 + GST $120,000 Net PA + Outgoings + GST • Situated on a 1500 sqm* block with a total building area of 1144 sqm* • Ground floor (607 sqm*) comprises of main bar, bistro with alfresco area, gaming lounge, sports bar and beer garden • First floor (537 sqm*) comprises of three private function areas with fully equipped bars

Fortitude Valley Qld, 454 Brunswick Street

Lauren Mackay 0423 311 148 Jamie Davey 0400 763 772

Expressions of Interest Three lot subdivision in one property. Perfectly positioned with dual frontage to Robertson Street and Brunswick Street.

Zoning: Mixed use • Lot 1: 358 SQM Tavern • Lot 2: 79 SQM Office • Lot 3: 149 SQM Penthouse

raywhitemarsden.com.au

raywhitemarsden.com.au

THE ULTIMATE WAREHOUSE

CORPORATE STYLE OFFICE SUITES

SALE/LEASE

LEASE

Crestmead Qld, 59 Magnesium Drive

$2,750,000 + GST $210,000 PA Net + GST + Outgoings

Natasha Dodeja 0468 466 973

Springwood Qld, 3350 Pacific Highway

Lauren Mackay 0423 311 148

• Total building area of 1817sqm* with additional 476sqm* awning Jamie Davey • 450sqm* corporate office area with 147sqm* 0400 763 772 generous entry reception • 1,220sqm* clear span high bay warehouse • 6 electric container height roller doors including 2 extra wide 7 meter doors

raywhitemarsden.com.au

Starting From $31,620 Gross PA + GST • • • • • •

Areas ranging from 102sqm* up to 408sqm* Options to secure fitted office suites or open plan Ground floor options also available Ducted air conditioning throughout Elevator access to all levels Ample onsite and on street parking options available

Jamie Davey 0400 763 772 Lauren Mackay 0423 311 148

raywhitemarsden.com.au

12 | PORTFOLIO | Ray White Commercial

OFFICE AND TRAINING FACILITY WITH LOW SITE COVERAGE Croydon South Vic, 27 Research Drive

AUCTION

Onsite Thursday August 27 at 11am • • • • •

Building area 740 sqm* Land area: 2159 sqm* Development potential (STCA) Corporate Office/Training Facility 22 car parking spaces

• • • •

Low site coverage Open plan & partitioned offices Warehouse/storage area Multiple amenities and kitchen facilities

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

*Approx

raywhitecommercialferntreegully.com

PREMIUM ADELAIDE CBD OPPORTUNITY Adelaide Sa, Lots 1, 4 and 5, Corner Grenfell & Frome Streets

SALE/LEASE Price Upon Application

A superb opportunity to purchase or lease multiple spaces on the Ground Floor of the 'Mantra on Frome' Building.

• Lot 1: High profile vacant corner with a NLA of 184m offering the opportunity to expose your business to this busy & bustling intersection.

• Lot 1A: Currently Leased to oOh Media until 14th October 2020.

• Lot 4: Currently Leased to Bodycentric until 30th November 2022.

• Lot 5: Vacant, ground floor space on Frome Street with a NLA of 176m available individually & immediately.

Tony Ricketts 0418827911 tony.ricketts@raywhite.com

*Approx RLA 225073

raywhite.com

PORTFOLIO | Ray White Commercial | 13

BLOCK OF 14 UNITS

New Lynn, Auckland, 15 Queen Mary Avenue

SALE

Set Date of Sale closing 4pm Thursday 3rd September 2020 (unless sold prior) The property represents a rare opportunity to acquire an entire block of fourteen (14) tenanted units in one line.

Highlights of the property include: • Total land area of 2,089sqm • Fourteen (14) two bedroom units • Fourteen (14) on site car parks

Licensed Salespeople (REAA 2008) - Ray White

• • • •

Three (3) lock up garages Excess land for potential development Explore subdividing into unit titles Estimated fully let annual income of $333,424pa with room for growth • Short walk to Ken Maunder Park • 1.8km to Shopping Centre and Train Station

Finn Hurst 027 688 8970 finn.hurst@raywhite.com Mike Hoeft 021 560 491 mike.hoeft@raywhite.com

rwcommercialauckland.co.nz

FULLY TENANTED INVESTMENT - WALT 6.45 YRS Sydenham, Christchurch, New Zealand, Unit A, 72 Bryon Street

SALE

By Negotiation + GST (if any) • • • • • • •

Well tenanted investment Dual tenancy for spread of risk Stepped rental $182,375pa net from January 2021 Tenancy 1, 8 year lease from April 2016 Tenancy 2, 8 year lease from January 2020 1,260m2* lettable area Strengthened to 67% NBS

• Dual street access providing excellent profile to both Gasson and Byron Streets • Would make a welcome addition to any commercial portfolio

Russell Pegler +64 21 053 5792 russell.pegler@raywhite.com

*Approx Licensed Salespeople (REAA 2008) - Ray White

www.rwcchristchurch.co.nz

SUPERB 1,100M2* WAREHOUSE/OFFICE Rolleston, Christchurch, New Zealand, 42 Izone Drive

SALE/LEASE

Sale: By Negotiation + GST (if any) Lease: $130,000pa + GST + outgoings Tidy, modern warehouse/office building with canopy over dual container height doors. Commanding front office block plus sealed car parking (10) area. Clear span warehouse of 960m2* plus offices of 140m2*. Total area is 1,100m2*. The building is well positioned in the fast growing industrial business park of Izone. With the Southern Motorway nearing completion, this building is about to get a lot closer to the city.

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

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

www.rwcchristchurch.co.nz

TAKE POLE POSITION

Rolleston, Christchurch, New Zealand, 47 Link Drive

LEASE

By Negotiation + GST + outgoings The prime front corner unit is the last remaining space available in this brand new development with a good clear span space and full height roller doors. It is 504m2* consisting of warehouse/office/showroom space which can be divided into whatever ratios you require or possible be split into smaller tenancy areas of 230m2* and 274m2*. Neighbouring tenants included in the complex will be VINZ and Carters Tyre Service, so the remaining space would be ideal for another complimentary auto industry, auto parts and accessories type business or your business? A large yard area provides excellent vehicle access and parking.

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

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

www.rwcchristchurch.co.nz

INTRODUCING

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

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

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

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

Get in touch

ROBERT WILSON

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

ADAM ELLIS

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

PETER WILTSHIRE

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

RAYWHITECOMMERCIALNSW.COM/VALUATIONS

JARROD PILTZ

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

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PORTFOLIO | Ray White Commercial | 17