Ray White Portfolio Magazine May 2021 - MASTER

P O R T F O L I O MAY 2021

ACTIVE ASSET CLASS: METRO UNIT BLOCK OVERVIEW

Adidas-anchored blue-chip building sells for $12.3M

A slice of Hobart History for sale

Commercial property listings from across Australia and New Zealand

ANDREW FREEMAN Head of Agency Operations

The positive momentum in our national recovery is one that is being enjoyed by many markets and sectors throughout Australia and New Zealand. Many businesses continue to report revenue growths and increased demand for new hires.

The Ray White Group was no exception to these favorable market forces with the collective group transacting in excess of $8.74 billion of property in March.

These extraordinary results rippled across all markets in which Ray White operate, with Ray White Commercial achieving its largest monthly gain in four years.

Congratulations to all our members who reported personal bests!

Buyer numbers remain strong with huge demand in industrial and tenanted investments. The confidence fuelled by continued low interest rates is continuing to see low yields.

Encouraging figures released show that retail spending rose by 1.4 per cent in March with more people venturing out to spend their COVID-19 savings.

Over the coming months we will see further innovation from capital office buildings as owners attempt to lure workers back to the city.

What will be the new ‘End of Trip’ to motivate workers away from home to the collaborative work space in offices? The times ahead are both interesting and exciting.

QUICK JUMP TO A REGION QLD

NSW

VIC, SA, TAS

WA

NZ

PORTFOLIO | Ray White Commercial | 3

‘URBAN OASIS’ MAYLANDS LODGE AND GRAHAM APARTMENTS FOR SALE BUYERS have an incredible opportunity to secure a piece of genuine Tasmanian history as the ‘urban oasis’ of Maylands Lodge and Graham Apartments are offered to the market.

The historic properties at 15 and 27 Pirie Street in Hobart’s Newtown are being marketed and sold by Ray White Hobart Group Commercial Sales and Leasing Partner Trevor Fox. “Maylands Lodge was constructed in 1885 by the iconic architect Henry Hunter, who played a pivotal role in the architecture of Hobart, designing public buildings, private residences, and schools,” Mr Fox said.”

“The Maylands Lodge was the last of his commissioned work prior to his departure from Tasmania. This heritage property comprises 12 contemporary rooms and evokes the essence of luxury throughout the building.

“The lodge has won numerous industry awards for excellence in various hospitality categories and has demonstrated its capability to attract customers with the business citing high occupancy rates, even during the COVID-19 pandemic.

“Graham Apartments is adjacent to Maylands Lodge and offers modern and spacious accommodation for individuals, couples, and families with children.

4 | PORTFOLIO | Ray White Commercial

“Guests can take their pick of 23 rooms in this spacious accommodation venue from a range of one, two, and threebedroom self-contained apartments that are fully equipped and furnished.

“The accommodation is situated within historic gardens comprising 100-year-old elm and oak trees which further adds to its appeal for guests.”

Mr Fox said that now there was more stability around Australia keeping its domestic borders open, and the new travel bubble with New Zealand, accommodation as an asset class was more appealing than ever.

“Australian’s really have taken the ‘holiday here’ slogan to heart and you only have to look at recent announcements from our major airlines to know that we’re taking every opportunity to explore our own backyard,” he said.

“Now that we’ve opened our arms to our friends across the ditch, accommodation investments – especially ones like these that have historical significance – offer huge appeal, and we expect these properties to be highly sought-after.”

PORTFOLIO | Ray White Commercial | 5

LIDCOMBE’S ADIDAS-ANCHORED BLUE-CHIP ASSET SELLS FOR $12.3M A PRIVATE investor has purchased a landmark high-profile investment as the Adidas-anchored blue-chip property at 55-59 Parramatta Road in Lidcombe sold for $12.3 million representing a net yield of 5.6* per cent.

The fully leased asset came with a net lettable area of 2,595sq m* on a prominent corner block of 2,004sq m* and was offered to the market via an expressions of interest campaign.

The property was marketed and sold by Ray White Commercial Western Sydney Senior Sales Executive Jai Sethi, Managing Director Peter Vines, and Asian Investment Services Director Victor Sheu.

6 | PORTFOLIO | Ray White Commercial

“We believe that convenience-based retail is hugely benefitting from consumers not having to go into shopping centres,” Mr Sethi said.

“We received more than 100 enquiries and issued multiple contracts as the campaign lived up to expectations with interest coming from across the country.

“The potential to value-add, reposition or redevelop with bonus FSR available for specific developments (subject to council approval), really appealed to the investment market.

“The property also benefits from the high exposure corner position on Parramatta Road which accommodates over three million commuters every year.”

“This fully leased asset represented a highly sought-after opportunity to acquire a secure investment with projected future upside in the epicentre of the Parramatta Road bulky goods retail corridor,” Mr Vines said.

“This high-profile freehold building is anchored by a bluechip multinational tenant, Adidas, and the building is further occupied by a balanced tenant mix offering multiple income streams. The net passing income is $693,338* - with the potential to increase.”

“One of the most well-equipped suburbs in all of Sydney, Lidcombe is home to an immense amount of variety in multiple forms - housing, businesses, restaurants, streetscapes, and even cultures,” Mr Sheu said.

“The range of interest received as part of the campaign was local Asian groups. Some were occupiers looking to potentially take over part of the building, but a number were investors with a view to hold and tap into the underlying upside of the location in the future.

“Surrounding areas have been a real hive of activity recently and deals like the recent $129.5 million sale of Auburn Central shopping centre tells us that Lidcombe and areas around this suburb are becoming a real attraction for the investor market.” *Approximately.

PORTFOLIO | Ray White Commercial | 7

OFFICE MARKETS IN A SYDNEY METRO BLOCK OF UNITS OVERVIEW COVID-19 ECONOMY VANESSA RADER Head of Research

The block of unit market continues to be an active asset class across Sydney into 2021. A mixture of private buyers looking to diversify their investments together with vendors looking to capitalise on the growing interest in this segment of the market has resulted in elevated levels of demand and favourable results. While turnover levels remain well below the highs achieved in 2018/19 period, enquiry levels have increased as savvy buyers continue to seek out these assets during a time of continued high residential value growth.

The rental market however has had mixed results given the stagnant population profile of Sydney due to COVID-19, this has impacted vacancy levels across some regions of Sydney however this is very location sensitive and has not dampened underlying demand for “all in one line” residential sales.

SYDNEY METROPOLITAN (EXCLUDING CBD) BLOCK OF UNITS Sales Volume & No.

during this time as private buyers looked to a broader range of investments such as small commercial offerings, medical, childcare assets and blocks of units due to their secure income stream. The block of unit market however offers not only longer-term security in income but a range of attractive exit strategies including the strata and on-sale of individual units for gains piquing interest by developer purchasers also.

Many transactions which occurred during the 2018 period have subsequently gone through this process with individual sales transacting in the last 6 months taking advantage of the current vibrant residential property market.

During the second half of 2020, 18 sales were recorded across Sydney representing over $105 million in sales of over 150 individual units, during this period we saw a high levels of older style, walk up sales occur across Western Sydney as well as residual developer stock in the inner and middle markets.

This year, the first three months, have already seen more than $50 million transact, the bulk of which are in Sydney’s more pricey Eastern Suburbs region.

SYDNEY METROPOLITAN (EXCLUDING CBD) BLOCK OF UNITS

Gross Yield Range

Source: Ray White Commercial *to 1 April 2021

After a more subdued start to 2020 in volumes due to the COVID-19 pandemic, we saw the block of unit market take off rapidly as interest rates fell to their all-time low and confidence started to return to the investment market.

While listings were few, demand remained heightened 8 | PORTFOLIO | Ray White Commercial

Source: Ray White Commercial *to 1 April 2021

The major drawcard for the purchase of block of units in Sydney has been their ongoing income return or yield.

While these returns are limited when compared to smaller commercial assets, their long-term capital value appreciation makes this an attractive investment choice for buyers.

The range in gross yields have varied over time however have moved downward over the last couple of years with interest rate reductions. Ranges can sometimes be wide depending on the size and location of assets with many of these transactions occurring during public auction, creating increased competition and can further pressure yields. During 2019 we have seen the average yield peak at 4.76 per cent before falling and remaining stable at approximately 4.00 per cent, this year we have seen this average reduce to 3.65% yet within a range between 3.00 per cent - 5.00 per cent. In the past we have seen some yields reported in the sub 2.50 per cent range, which may be indicative of purchasers who are not looking to hold but rather on sell individual units for profit.

Total turnover

$341.42M 2019

$171.87M 2020

$50.15M 2021*

$6.40M

AVERAGE SALE PRICE*

3.0% - 5.0%

AVERAGE YIELD RANGE*

$840,000

AVERAGE UNIT PRICE*

3.1%

SYDNEY VACANCY RATE** Source: Ray White Commercial, REINSW * to April 2021 ** February 2021

Download our full Between the Lines report on the Sydney Metro Block of Unit market here: https://www. raywhitecommercial.com/research/april-2021-sydneymetro-block-of-unit-overview/

PORTFOLIO | Ray White Commercial | 9

PORTFOLIO | Ray White Commercial | 11

WHOLE FLOOR IN FINANCIAL CORE Level 10, 28 O'Connell Street, Sydney NSW

LEASE

Area m2: 483m2 Rent $/m2: $1,095 Gross Rental PA: $528,885 28 O'Connell encompasses a boutique asset at its best, suited to both creative and traditional style tenants. Ideally located in the centre of Sydney's financial precinct. The building has on-site parking and end of trip facilities.

• Whole floor tenancy with direct lift exposure • Light on 2 sides and great outlook over Hunter Street • Direct lease on offer from August 2021 on flexible terms

Anthony Harris 0409 319 060 aharris@raywhite.com Marcus Plummer 0400469388 mplummer@raywhite.com

raywhitesydneyleasing.com.au

TOP FLOOR 2 FLOORS WITH FEATURE STAIRCASE Level 12 & 13, 48 Hunter Street, Sydney NSW

LEASE

Area m2: 330m2 Rent $/m2: $905 Gross Rental PA: $298,650 • • • •

Secure top 2 floors connected with staircase Approx. 200m2 on level 12 and 130m2 on level 13 Own kitchen and bathrooms, intercom access Opportunity to secure a unique and private tenancy

Anthony Harris 0409 319 060 aharris@raywhite.com Marcus Plummer 0400469388 mplummer@raywhite.com

raywhitesydneyleasing.com.au

TWO ADJOINING SUITES FOR SALE AT QUAY WEST Suite 220-211, 111 Harrington Street, Sydney NSW

SALE

Area m2: 99m2 Sale Price: $1,450,000 • • • • •

99m2 over two adjoining lots (54m2 & 45m2) Harbour Bridge views and great natural light, existing fit out Balcony overlooking Gloucester St, on site pool and gym Parking nearby via Wilson's car park Strata $2851, Council $324, Water $59, per quarter per unit

Marcus Plummer 0400469388 mplummer@raywhite.com

raywhitesydneyleasing.com.au

SENSATIONAL CREATIVE FIT OUT Level 3, 73 York Street, Sydney NSW

LEASE

Area m2: 219.5m2 Rent $/m2: $850 Gross Rental PA: $186,575 • • • • •

Full market lease incentives on offer Whole floor tenancy with amazing high quality fit out Fitted with various offices, meeting rooms, own shower Full high quality country style kitchen and breakout area.

Polished floors, new bathrooms and kitchen, LED down lights

Marcus Plummer 0400469388 mplummer@raywhite.com Anthony Harris 0409 319 060 aharris@raywhite.com

raywhitesydneyleasing.com.au

RECEIVERSHIP SALE - DA APPROVED FOR 3 TERRACES 73-75 Beattie Street, Balmain NSW

Boundary & Location Indicative Only

EXPRESSIONS OF INTEREST Closing Wednesday 12 May at 3pm

Victor Sheu 0412 301 582 victor.sheu@raywhite.com

• • • •

Peter Vines 0449 857 100 peter.vines@raywhite.com

Site area of 278m2* DA approved for 3 terraces, ranging from 85m2* - 129m2* Ideal 2 & 3-bedroom unit mix Dual entrances on Beattie Street and Little Llewellyn Street

*Approx

raywhitecommercialnsw.com

COMMANDING EASTWOOD RETAIL OPPOSITE STATION 12 Hillview Road, Eastwood NSW

Outline and Locations Indicative Only

AUCTION

On-site, Wednesday 12 May at 2pm

Joseph Assaf 0401 397 696 jassaf@raywhite.com

• • • •

Victor Sheu 0412 301 582 victor.sheu@raywhite.com

Retail/ commercial area 78m2* Leased to established medical centre for over 40 years Lease expiry 24 May 2021 then on holdover basis, perfect for owner occupiers or investors Opposite Eastwood railway station & Eastwood Village

*Approx

raywhitecommercialnsw.com

ENTIRE BLOCK OF APARTMENTS OPPOSITE STATION 320 Railway Terrace, Guildford NSW

AUCTION

On-Site, Thursday 6 May at 11am

Joseph Assaf 0401 397 696 jassaf@raywhite.com

• • • •

Victor Sheu 0412 301 582 victor.sheu@raywhite.com

Site area 630m2* Ideal unit mix (2 x 1 bed, 8 x 2 beds & 1 x 3 beds) All apartments leased in one line for $228,360* p.a till 30 June 2023 Retail/ commercial area leased for $21,424* p.a till 30 June 2022 + 1 Year + 1 Year option

*Approx

raywhitecommercialnsw.com

AGED CARE FACILITY OR REDEVELOPMENT OPPORTUNITY^ 26A Pacific Highway, Roseville NSW

Outline and Locations Indicative Only

EXPRESSIONS OF INTEREST Closing Wednesday 19 May at 3pm

Peter Vines 0449 857 100 peter.vines@raywhite.com

• • • •

Victor Sheu 0412 301 582 victor.sheu@raywhite.com

Existing 45 bed facility - shared amenities Site area 1,688m2* Zoned R4 High Density Residential, Height Limit of 11.5 metres Zoning allows: continued existing use, residential apartment buildings, boarding houses^

*Approx ^Subject to Council Approval

raywhitecommercialnsw.com

UNIQUE COMMERCIAL/RESIDENTIAL COMBINATION 6-6A Macquarie Street, Annandale NSW

LEASE

Kristian Morris 0411 415 297 kristian.morris@raywhite.com

Contact Agent This property consists of two sections that are interconnected or can be offered separately.

This unique Commercial/Residential offering is prominently positioned within minutes of cafes

and restaurants in Annandale Village and Leichhardt.

• The Main front building is 90m2* • Rear building is 70m2*

Lachlan Palm 0452 008 887 lachlan.palm@raywhite.com

*Approx

raywhitecommercialsydneycityfringe.com.au

RARE COMMERCIAL KITCHEN 227SQM Level 1/114 Terry Street, Rozelle NSW

LEASE

Kristian Morris 0411 415 297 kristian.morris@raywhite.com

Contact Agent This property presents an extremely rare opportunity to secure a food approved functional commercial kitchen, suitable for mass food and event production.

• • • •

Preparation area Loading dock Easy access to Victoria Road Offices

Lachlan Palm 0452 008 887 lachlan.palm@raywhite.com

raywhitecommercialsydneycityfringe.com.au

10 | PORTFOLIO | Ray White Commercial

18HA* BUNDABERG DEVELOPMENT SITE 15 Chards Road, Avenell Heights QLD

Outline and Locations Indicative Only

EXPRESSIONS OF INTEREST Closing Tue 11 May 2021 4pm

• 7.4km* south of the Bundaberg CBD and 6.6km* to proposed new Bundaberg Hospital • Land Area 18.02* Hectares • Designated "Low Density Residential" • Approved for Rural Residential lots ranging from 2,000m2* to 2,642m2* • Potential for subdivision, retirement and/or Manufactured home estate (^STCA)

Mark Creevey 0408 992 222 mark.creevey@raywhite.com James Hanley 0408 999 755 james.hanley@raywhite.com

*Approx ^Subject to Council Approval

raywhitespecialprojects.com

5,623M2* BRISBANE CITY IN-FILL APPROVED DEVELOPMENT SITE 40, 42 and 46 Fleming Road, Herston QLD

Outline and Locations Indicative Only

EXPRESSIONS OF INTEREST Closing Thur 3 Jun 2021 4pm • • • • • •

Land area - 5,623m2* over 3 titles Development Approval for 22 freehold terrace homes plus 3 existing dwellings Existing 20 room student accommodation and 3 dwellings providing rental income Designated Low Medium Density Residential under BCC City Plan 2014 Concept plans prepared for 132 bed Residential Aged Care (^STCA) In close proximity to health, education, recreation, transport and shopping facilities

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

*Approx ^Subject to Council Approval

raywhitespecialprojects.com

28HA* MACKAY NORTHERN BEACHES RESIDENTIAL DEVELOPMENT SITE 38-40 Downie Avenue, Bucasia QLD

Outline and Locations Indicative Only

EXPRESSIONS OF INTEREST Closing 18 May 2021 4pm • • • • •

First time offered in over 65 years Land area 27.91* Hectares over 2 titles Designated combination of Emerging Community and Rural Currently farm land providing flat, cleared land highly suited to future development Close proximity to schools and 350m* to IGA Bucasia, 3.5km* to Northern Beaches Central Shopping Centre and 15km* north of the Mackay CBD

Mark Creevey 0408 992 222 mark.creevey@raywhite.com Fred Dubois 0432 485 143 fred.dubois@raywhite.com

*Approx

raywhitespecialprojects.com

SUPERCHEAP ANCHORED CENTRE 20-28 Hospital Road, Emerald QLD

Outline and Locations Indicative Only

EXPRESSIONS OF INTEREST Closing 12 May 2021, 4pm (AEST) • • • • • •

2,164sqm* Net lettable area, 5,995sqm* Site area, 56 Car parking bays $350,878* Net rent per annum, long WALE of 4.65 years by income Anchored by a strong 10 year lease to Supercheap Auto Well positioned retail centre on Hospital Road (forming part of the Gregory Highway) Exposure to over 5,000* vehicles daily Located just north of Emerald CBD, a diverse and robust economic region

John Dwyer 0439 034 010 john.dwyer@raywhite.com Mark Muldrew 0428 836 675 mark.muldrew@raywhite.com

*Approx

raywhitecommercialqld.com

PRIME DEVELOPMENT OPPORTUNITY 8 George Holt Drive, Mount Crosby QLD

Outlines Indicative Only

AUCTION

Thursday, 20 May at 11am • 4000m2* land size • Large residential land site • Potential for multiple commercial uses (STCA) • Exceptional exposure • Sought after location

• 30* minutes to Brisbane CBD • 15* minutes to Ipswich • 5* minutes to Mount Crosby State School • Located in a quiet neighbourhood • 10* minutes to the M2 Motorway

Scott Wells 0412 766 163 s.wells@rwsp.net Justin Lowe 0481004765 j.lowe@rwsp.net

*Approx

raywhitecommercialgoldcoast.com

ENTIRE APARTMENT BLOCK - FULLY LEASED 3 Brighton Street, Biggera Waters QLD

Locations Indicative Only

AUCTION

Thursday, 20 May at 11am • • • • • •

Secure complex of only 9 apartments 9 x 1 + 1 bedroom configuration Exceptional views of the Broadwater Approval for an additional 2 penthouses Outdoor rooftop terrace Internal lift access to all floors

• Recently re-carpeted & painted internally • Secure basement parking with additional visitor parking • Centrally located to Harbour Town & Southport CBD

Scott Wells 0412 766 163 s.wells@rwsp.net Michael Willems 0412 240 176 m.willems@rwsp.net

*Approx

raywhitecommercialgoldcoast.com

14 | PORTFOLIO | Ray White Commercial

DEVELOPMENT + INCOME = OPPORTUNITY 18 & 20 Kearns Crescent, Ardross WA

Outline and Locations Indicative Only

EXPRESSIONS OF INTEREST Closing Tuesday, 18 May 2021 at 4pm (AWST) • • • •

Prime development site of 1,960sqm Benefit from "Riseley Activity Centre Structure Plan" 6 levels plus development potential Strong holding income from 2 office buildings

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

raywhitecommercialwa.com

SUIT OWNER OCCUPIER OR DEVELOPER 283 Wanneroo Road, Balcatta WA

Outline and Locations Indicative Only

SALE

Contact Agent • • • • • •

1,012sqm* of Land with 20m frontage to Wanneroo Road 480sqm* of Improvements including retail an indoor swimming pool Daily passing traffic count of 33,000* + Development potential of 5 storeys (STCA) Only 6.5km from the CBD with easy access to Mitchell Freeway and Reid Highway Quality medical development currently at approval stages next door

Tom Jones 0478 771 117 tom.jones@raywhite.com Stephen Harrison 0421 622 777 stephen.harrison@raywhite.com

*Approx

raywhitecommercialwa.com

SUPERB INVESTMENT OPPORTUNITY 65-69 Strelly Street, Busselton WA

Outline and Locations Indicative Only

EXPRESSIONS OF INTEREST • • • • • •

3000sqm* of land 60 metre frontage to busy Strelly Street 926sqm* of building 40 car bays Annual Net Rent of $135,459 WALE of 43 months

Russ Parham 0413 885 533 russ.parham@raywhite.com

*Approx

raywhitecommercialwa.com

COASTAL DEVELOPMENT OPPORTUNITY 2 & 4 Brady Road, Dongara WA

Outline and Locations Indicative Only

SALE

Offers Invited • • • • • •

Ocean Front development opportunity 2 adjoining lots Combined area 15,274 sqm* Frontage - 166m* approximately Zoning - Special Use 5 Potential for tourism and residential development

Brett Wilkins 0478 611 168 brett.wilkins@raywhite.com Phil Zoiti 0419993656 phil.zoiti@raywhite.com

*Approx

raywhitecommercialwa.com

RESTAURANT, OFFICE, MEDICAL OR HIGH DENSITY DEVELOPMENT SITE 64 Bronte Street, East Perth WA

Outline and Locations Indicative Only

SALE

$2,200,000 + GST • • • • •

696sqm* land area 348sqm* floor area No prescribed height limit ROW rear access Fully equipped restaurant premises

Stephen Harrison 0421 622 777 stephen.harrison@raywhite.com

*Approx

raywhitecommercialwa.com

MULTIPLE DEVELOPMENT OPPORTUNITIES 16 & 24 Hungerford Avenue, 4 Otley Close, Halls Head WA

Outline and Locations Indicative Only

EXPRESSIONS OF INTEREST • • • • •

Medium density residential opportunities plus much more Hottest residential location in Western Australia Suit aged care, medical, NDIS or house and land development Land areas of 3,158sqm, 4,028sqm or 7,141sqm Available individually or in one line

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

raywhitecommercialwa.com

12 | PORTFOLIO | Ray White Commercial

PURPOSE BUILT MEDICAL CENTRE 19 Kerri St, Bundoora VIC

Outline and Locations Indicative Only

LEASE • • • • • •

Construction nearing completion Total Building Area 135 sqm* Total Land Area 655 sqm* 14 Undercover Parking Spaces Disabled Access & Lift Waiting Room with Toddler Play Area

• Multiple Consulting Rooms • Opposite Bundoora Square Shopping Centre

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

*Approx ^Subject to Approval

raywhitecommercialferntreegully.com

PROMINENT YARRAVILLE SITE WITH ENORMOUS UPSIDE 86 Somerville Road, Yarraville VIC

Outline and Locations Indicative Only

AUCTION

Thursday 6th May 2021, 12:30pm Onsite • Building Area 308sqm* • Land area 188sqm* • Potential Fully leased net income of $105,000/annum* • Freehold Possession • Ample Parking

• • • •

Dual Street Access Versatile Floor Plan Close to Yarraville Station Mixed Use Zone - possible development upside^

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

*Approx ^Subject to Approval

raywhitecommercialferntreegully.com

A FULLY LEASED MODERN INVESTMENT 10 Unity Way, Munno Para SA

AUCTION

Wednesday 26th May 2021 at 11am onsite • • • • • •

Fully occupied by Little Rockets Play Cafe & Game On. Large 'island' site of 2,176sqm (approx).

High quality modern improvements of 1,313sqm (approx).

Current estimated net income $230,000pa + GST. Leases expiring mid 2024 with options to renew.

29 valuable car parks on site.

Tony Ricketts 0418 827 911 tony.ricketts@raywhite.com Tali Willcox 0421 569 886 tali.willcox@raywhite.com

raywhitecommercialadelaideassetmanagement.com.au RLA 225073

MAYLANDS LODGE & GRAHAM APARTMENTS 15 & 27 Pirie Street, New Town, TAS

EXPRESSIONS OF INTEREST Maylands Lodge is truly historic and presents an unrivaled boutique-style accommodation in an exquisite Tasmanian heritage property. The Lodge is a 12-room, luxury hotel and combined with the on-site restaurant 'Deodora', offers a multi-award-winning hospitality and tourism landmark. The adjacent 23-room, spacious accommodation venue of Graham Apartments completes this as an ideal investment opportunity, at a time when domestic tourism is booming.

Trevor Fox 0419 355 917 trevor.fox@raywhite.com

raywhiteglenorchy.com.au

PORTFOLIO | Ray White Commercial | 13

BEAUT OFFICE IN CARLYLE STREET 106 Carlyle Street, Sydenham, Canterbury NZ

LEASE

Landlord says “bring us an offer” Warm, sunny, north facing modern office space of 96m2* or 130m2* available in the heart of Sydenham. Handy location close to Moorhouse Avenue providing easy access to and from the city. Attractive modern space situated within a small complex of 7 units with good onsite parking having 2-3 car parks per unit plus shared customer parking. Note: Gross rental offered so the rental includes all outgoings. Call the agent for further information 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)

FULLY LEASED INVESTMENT 9a Michelle Road, Wigram, Canterbury, NZ

Outline Indicative Only

SALE

$1,300,000 + GST (if any)

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

Investment property in industrial hub of Wigram/Sockburn, providing a 7.3% net return.

Purposely built food production facility, previously occupied by "Montana Bakery" & now "Good Honest Products". 67% NBS. Building area 692.05m2* + canopy of 8.4m2*. Land area of 1,536m2. Fully leased from July 2019 + ROR's, rental returning $95,000pa + GST + outgoings. *Approx

www.rwcchristchurch.co.nz

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

INVESTMENT - 3 TENANTS, 2 BUILDINGS, 2 TITLES, 568 Wairakei Road & 6 Holt Place, Burnside, Christchurch NZ

SALE

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

Well located investment on high profile site fronting Wairakei Rd. Close proximity to Christchurch International Airport. Consists of 2 separate buildings 591m2* & 448m2*. Large land area of 2,164m2* (in 2 titles) provides good yard & parking. Fully tenanted by 3 tenants returning $140,250pa + GST + outgoings. 2 street frontages provides drive-thru access. *Approx

www.rwcchristchurch.co.nz

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

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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