Ray White Portfolio Magazine November 2020 - Ray White Commercial Caloundra And Sunshine Coast South

P O R T F O L I O NOVEMBER 2020

C OM Introducing our Asian Investment Services Division

M

E RC IA L PROPE RTY Noosa Medical Centre sells for $2.12M

U PDA TE Commercial Property Listings from around Australia and New Zealand

ANDREW FREEMAN Head of Agency Operations

After an extensive lockdown, Victorians had their first taste of freedom in more than 100 days after the Premier announced there would be an ease of lockdowns. For the commercial real estate industry, the allowing of private property inspections to resume was an enormous relief.

Additionally, we also welcomed back onsite outdoor auctions with a maximum of 10 people in attendance. Although with the success of online auctions, that will be an avenue we will continue to pursue.

As industry in Victoria awakes from its COVID-induced coma, we are now working through the backlog of demand for commercial property. What was interesting to see was the number of buyers and tenants that were prepared to sign deals site unseen.

Will this level of demand and enthusiasm continue into the new year?

All of our remaining markets continue to experience extraordinary levels of inquiry. The expectation heading into the December quarter was that stock would continue to flood the market with prices being driven down.

To the relief of property owners, the market has defied predictions, particularly in the industrial sector.

The perfect example of this was the recent $6,070,000 under the hammer sale of Lots 16 and 17, Crockford Street, Northgate in Brisbane. The asset was leased to Domayne, sold over reserve on a 5.4 per cent yield, and attracted five registered bidders.

The overwhelming sentiment is that demand continues to be strong with many results recorded in line with pre-pandemic figures. The greatest issue we now face is the lack of available quality stock coming to the market.

With initiatives like the Ray White Commercial National Auction Portfolio coming in December, we look forward to continuing to deliver these competitive results.

QUICK JUMP TO A REGION QLD

NSW

VIC

WA

NZ

PORTFOLIO | Ray White Commercial | 3

RAY WHITE COMMERCIAL LAUNCHES ASIAN INVESTMENT SERVICES RAY WHITE Commercial has broadened its service offering with the launch of ‘Ray White Commercial Asian Investment Services’.

The Sydney-based business division, known as ‘Ray White AIS’, is a new initiative from the team at Ray White Commercial Western Sydney. It was borne out of a need to provide a fully integrated commercial property advisory service for Sydney’s Asian investors.

Victor Sheu, a prominent commercial agent with a formidable track record of connecting Asian capital with Australian assets, will head up the division as Head of AIS.

that need as a bespoke service that spans the full lifecycle of commercial property investment.”

Joining the team is Andrew Vines (Director of Sales and Leasing) who has spent many years living in Beijing and Shanghai as well as Samuel Gong, a vastly experienced agent able to work seamlessly across asset management, sales, and leasing.

Vee Li also joins the AIS team as a Business Development Executive with strong marketing and communications experience.

“The increasing flexibility of a globalised world means we often see our clients moving between Australia and Asia seamlessly,” Mr Sheu said.

With the team able to provide services in Mandarin and English (with the intent to add more languages as the need arises), AIS can go above and beyond current offerings with a service that starts at the acquisition of a commercial asset.

These clients need the comfort of knowing their investments are being responsibly and optimally managed. AIS meets

It then runs through to development/feasibility advice, then on to leasing services, tenant selection, and then finally into

4 | PORTFOLIO | Ray White Commercial

long-term management and care for the asset until such time as the property is sold, and the investment lifecycle begins again.

“It’s a well-known fact that Australia (and Sydney in particular) is a locale of choice for Asian investors,” said Peter Vines, Managing Director of Ray White Commercial Western Sydney (and now also of Ray White AIS).

“What is perhaps less recognised in the commercial market is Asian investors are increasingly choosing to live and raise their families here in Australia, while also continuing to build their generational wealth on the stability of commercial property investment.

“As a family-owned and operated business ourselves, we knew AIS was the answer to our Asian clients’ needs.

We pride ourselves on building long-term business relationships, founded on trust, honesty, and loyalty.

“Now we can also offer all services in Mandarin, we’re very hopeful that our Asian clientele will view AIS as the ‘go-to’ trusted advisor for all their commercial property investments.”

Ray White Commercial Head of Agency Operations Andrew Freeman said he was pleased to welcome the new division and said it highlighted Ray White Commercial’s ability to offer to the market a diverse and targeted offering.

“As we continued to attract Mandarin-speaking clients to our property management business, we noticed a real deficit of competent Mandarin-speaking commercial property managers.

“This is such an important market within our commercial business. It’s a natural progression in our continued growth ambitions by expanding the service offering to our clients,” Mr Freeman said.

“We saw that many of our Chinese clients had previously had their assets managed by residential agents that could speak the language but simply didn’t understand the complexities of commercial property.

“I’m already impressed by the strong presence that’s been created by Peter and Victor for the Ray White Commercial brand in Western Sydney.

“With the ever-changing legislative environment for commercial property and the current COVID-19 situation, it’s hugely important asset managers are across these changes, and that important pieces of information are not lost in translation.

“With this launch of Ray White AIS, and by bringing in big names like Andrew and Samuel, the future is both bright and exciting for this team and for Ray White Commercial as a whole.”

PORTFOLIO | Ray White Commercial | 5

NOOSA’S WEYBA MEDICAL CENTRE FREEHOLD SELLS FOR $2.15M A LOCAL investor has snapped up the freehold of Weyba Medical Centre in ever-popular Noosa as 18 Mary Street sold for $2,150,000 in Noosaville.

The asset, that came with 221sq m* net lettable area spread across two levels plus balcony areas on 878sq * land area, was sold on a net yield of 6.4 per cent.

The property was marketed and sold by Ray White Commercial Noosa and Sunshine Coast North Property Consultant David Brinkley.

“We started marketing the property with only two tenants secured in leases. During the sale process, we located a third tenant to lease the last vacancy for the vendor, which in-turn made it an even more attractive opportunity to the investor market,” Mr Brinkley said.

“Two are Allied Health-based, the other is a general medical practice, and we saw strong enquiry levels on this prime site due to several factors.

6 | PORTFOLIO | Ray White Commercial

“Allied Health and medical-based tenants were and still are seen by investors as a safer and more reliable performing section of the market, even more so during the COVID-19 pandemic, with their ability and necessity to continue trading throughout.

“The building is literally sat in the heart of one of the most sought-after areas on the Sunshine Coast and is within minutes of all the facilities any tenant/owner could require.

“The modern-look building comes with plenty of off-street parking, which is one of the key things tenants are chasing real convenience for staff and clients.

“Stand-alone investments without body corporate structures are proving highly sought-after investments by buyers.

“Having the ability to be 100 per cent in control of every decision regarding the property really is something buyers are willing to pay a little extra for. We have a strong database of clients hunting specifically for these standalone opportunities.

“The successful buyer was an investor/owner-occupier I’d been working with for several years now, trying to find a suitable location for them to relocate their professional offices to.

“We were struggling to find the right fit for the buyer as it ideally needed to not only be the right size, layout and prominent position, but also be available to match in with when their existing lease expired.

“When 18 Mary Street came up for sale I spoke with the prospective buyer and explained that whilst the ground floor was tenanted on a long-term basis, we’d be able to free up an upstairs tenancy within 12 months to match in with the expiry of their lease.

“It was a rewarding experience to not only get a sale across the line for the sellers but to assist the buyers to find a perfect fit as they’d been so patient in the search for the right investment. *Approximately.

PORTFOLIO | Ray White Commercial | 7

Moving forward to the end of the third quarter of 2020, and we have recorded over $14billion in commercial sales across the Australian small commercial market, representing 6,036 transactions. ​While this has been an outstanding result, these volumes are -37.25 per cent down over the same period in 2019, highlighting the true impacts of COVID-19 on the commercial market. The east coast being the major drawcard for these buyers, NSW remained the market which attracted the greatest investment with approximately $5.3billion in turnover. Despite secondary lockdowns in place for part of the third quarter in Melbourne, Victoria remained active, recording a quarter of all national transactions this year to date.

Queensland and its strict border control and limited infection rates saw many businesses resume before other east coast locations, growing demand from interstate buyers as well as locals to record $2.9billion in turnover.

THE AUSTRALIAN SMALL COMMERCIAL MARKET, THREE QUARTERS INTO 2020

Of the other states, we have seen the economic positivity of WA, this state propping up the national GDP thanks to increased demand in the mining sectors and ongoing investment into infrastructure and construction projects across the state. Still maintaining stringent border control, much of the state is back in full operation, albeit still recovering from the hole in which lockdown has left for many businesses which could weather the COVID-19 storm. This has had a positive impact on investment, the strong economic position has not gone unnoticed by interstate buyers now enquiring on assets in this market, growing investment to over $1billion this period.

VANESSA RADER Head of Research

2020* Australian Commercial Transactions 2020* Australian Commercial Transactions By asset class (sub-$50million) By asset class (sub-$50million)

2020 has been a trying year for the international economy and while Australia has fared well in terms of infection rates compared to the rest of the world, it has not been immune to the economic unrest in which the COVID-19 pandemic has forced upon us. The lengthy lockdown periods have done much to stifle business operations and grow unemployment rates as well as the country’s debt levels due to the high The Australian small commercial market, three quarters into 2020 volume of government stimulus needed. Confidence was poor, which made the continued activity in the commercial Vanessa Rader, Head of Research property market low on many owners/buyer’s priority lists as 2020 has been year forstruggled the international economy and whileclosures, Australia has fared well tenants anda trying landlords through business in terms of infection rates compared to the rest of the world, it has not been immune to the forcing rental relief and vacations taking each day at a time.

economic unrest in which the COVID-19 pandemic has forced upon us. The lengthy lockdown Source: Ray White Commercial, PIMS, Real Capital Analytics ​*to 30 September.

Source: Ray White Commercial, PIMS, Real Capital Analytics *to 30 September. periods have done much to stifle business operations and grow unemployment rates as well as With many taking the “wait and see” approach, activity

the country’s debt levels due to the high volume of government stimulus needed. Confidence Moving forward to the end of the third quarter of 2020, and did move forward notably in the smaller (sub-$50million) was poor, which made the continued activity in the commercial property market low on many we have recorded over $14billion in commercial sales across commercialpriority assetlistsclasses continued to through grow business after closures, owners/buyer’s as tenantsand and landlords struggled the Australian small commercial market, representing 6,036 historic low activity wastaking recorded forcing rental relief and vacations each dayinat both a time. April and May.

Seen during this period was a reluctance by owners to

transactions. While this has been an outstanding result,

time low bond rates.

active, recording a quarter of all national transactions this year to date. Queensland and its strict border control and limited infection rates saw many businesses resume before other east coast locations, growing demand from interstate buyers as well as locals to record $2.9billion in turnover.

With the “wait and see” approach, activity move forward these volumes are -37.25 per cent down over the same list many theirtaking properties, uncertain what thedidright move notably was, in the smaller (sub-$50million) commercial asset classes and continued to grow after historic low period in 2019, highlighting the true impacts of COVID-19 however the pool of private buyers looking to diversify activity was recorded in both April and May. Seen during this period was a reluctance by on the commercial market. The east coast being the major from the volatile investment alternatives continued to grow. owners to list their properties, uncertain what the right move was, however the pool of private drawcard for these buyers, NSW remained the market Low interest rates are a major drawcard for these investors, buyers looking to diversify from the volatile investment alternatives continued to grow.

Low which attracted the greatest investment with approximately and while financing has been difficult toandsource, the high interest rates are a major drawcard for these investors, while financing has been difficult tocash source, the high cash holdings many ofgroups these groups individuals were seeking $5.3billion in turnover. Despite secondary lockdowns in place holdings of many ofofthese andand individuals were income-producing assets in excess of assets the now all-time low bond rates. now allfor part of the third quarter in Melbourne, Victoria remained seeking income-producing in excess of the

2020* Australian Commercial Transactions 2020* Australian Commercial Transactions

By state (sub-$50million)

By state (sub-$50million)

Source: PIMS,Real RealCapital CapitalAnalytics Analytics*to ​*to30 30September.

September.

Source:Ray RayWhite White Commercial, Commercial, PIMS,

Of the other states, we have seen the economic positivity of WA, this state propping up the national GDP thanks to increased demand in the mining sectors and ongoing investment into infrastructure and construction projects across the state. Still maintaining stringent border control, much of the state is back in full operation, albeit still recovering from the hole in which lockdown has left for many businesses which could weather the COVID-19 storm.

This has had a positive impact on investment, the strong economic position has not gone unnoticed by interstate buyers now enquiring on assets in this market, growing investment to over $1billion this period.

Of the $1.65billion which has turned over this year, The profile of asset classes invested in this year has been a residential development sites represent 70 per cent of our topic much discussed with some property types anticipated sales, with the bulk of the remaining investment across to have reduced demand in a post-COVID-19 economy. industrial new developments.

Both the retail and office markets have had a lot of bad press with the assumption that the workforce will largely During 2020 the quest for secure, income-producing assets remain working from home in the future, making the need has been heightened. Investment in alternative commercial for office space reduce, while online shopping will continue assets continued this year, representing approximately 5.5 to erode the need for retail stock. Despite these sentiments, per cent of all turnover. These assets include childcare, investment demand remained robust this year for these two medical, service stations, blocks of units, asset types, recording approximately to name a few, and the location of these 20 per cent each. We have seen many assets is not often a major consideration, investors not be deterred by this however, the secure income stream is THE PROPERTY TYPE commentary by having longer-term most attractive. These assets continue confidence in these property classes.

TIPPED TO HAVE THE to be sought-after by these private buyer groups and continue to achieve low yields Conversely, the property type tipped GREATEST BENEFICIAL to high competition to secure these to have the greatest beneficial effect EFFECT WAS INDUSTRIAL due limited opportunities. was industrial, due to the growing need for storage and distribution of Looking ahead, we anticipate seeing goods. This has been translated into continued improvement in transaction activity through to sales with industrial assets being the dominant invested the end of the year and into early 2021. The historically asset this year recording $4.79billion in transaction volume. quiet Christmas/New Year period may be on hold this year However, considering the average sale price of these assets with stakeholders looking to recoup lost activity during was just $1.83million this year, highlights the demand lockdowns notably Victorian businesses. As financing stemming from the private investor market with a strong becomes more available, the pool of buyers may increase but attraction to the sub-$5million price point. Developers have as confidence returns, we will see more owners acknowledge also been a major buyer group over this nine-month period now is a good time to sell growing the availability of stock actively seeking out high-quality projects in readiness to meet this investment demand. for the increased demand anticipated in the years ahead.

PORTFOLIO | Ray White Commercial | 9

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White & Partners is a real estate investment and advisory firm that forms part of the White Family Group of companies.

Investment - We invest on behalf of the White Family and investors, from family offices, high net worth individuals and our development partners. We aim to create value by partnering with extraordinary people to deliver on a range of residential, office, industrial and commercial development projects. We seek to generate attractive absolute returns across economic cycles.

Advisory - We provide trusted strategic advice to government, corporate tenants, owners of commercial and prestige residential real estate, as well as wholesale property investors. Our experienced partners lead all engagements and have a proven track record of delivering results.

Debt Management - White & Partners Debt Management (WPDM) was established in 2016 to invest in Commercial Real Estate (CRE) First Mortgage opportunities. WPDM aims to deliver attractive risk-adjusted returns to investors by providing tailored first mortgage lending solutions to borrowers.

WHITE AND PARTNERS AT A GLANCE STRONG RISK ADJUSTED RETURNS

Padstow Park Hotel - Padstow, NSW

Union Place, Jannali, NSW

Acquisition Price - $13.7 million

Acquisition Price - $10 million

Realised return - 25.4% p.a.

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EXPERIENCED AND ACTIVE TEAM

>$1.1 billion Investment team of 17 professionals

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Over 300 years collective property and finance experience

UTILISING THE RAY WHITE ECOSYSTEM Human Interactions

Real Time Data

Access to agents at a suburban level in Australian and New Zealand markets enables White & Partners to understand intricate project details and ‘soft’ intelligence

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WWW.WHITEANDPARTNERS.COM.AU

R AY W H I T E C O M M E RC I A L PORTFOLIO NATIONAL AUCTION

Thursday, 3 December 2020 9AM WA • 11AM QLD • 11AM NSW • 11:30AM SA/NT • 12PM VIC

VISIT RAYWHITECOMMERCIAL.COM.AU/AUCTIONS 13 | PORTFOLIO | Ray White Commercial

14 | PORTFOLIO | Ray White Commercial

NATIONAL TENANT - WATERFRONT INVESTMENT 7 & 8/10 Leeding Terrace, Caloundra QLD

Locations Indicative Only

SALE $2.65m • • • • • •

Long term lessee Restaurant style Coffee Club model Internal and exclusive alfresco dining Waterfront with spectacular views to Bribie Island Opposite a patrolled beach and bustling boardwalk High profile adjoining tenants in Caloundra's premier location

Len Greedy 0401 691 807 len.greedy@raywhite.com Alan Gray 0414 894 084 alan.gray@raywhite.com

raywhitecommercialcaloundraandsunshinecoastsouth.com

NOOSA'S MOST PRESTIGIOUS SHOP Lot 1/35 Hastings Street, Noosa Heads QLD

LEASE

Expressions of Interest - Closing 6 November 3:00pm • First time available for lease ever • 156m2*including mezzanine and storage • Stunning design suited to retail • Surrounding businesses include Rodd & Gunn, Peter Alexander, Seed, Endota Spa and Peter Kuruvita's Noosa Beach House

Paul Butler 0418 780 333 paul.butler@raywhite.com Paul Forrest 0408 985 254 paul.forrest@raywhite.com

*Approx

raywhitecommercialnoosasunshinecoastnorth.com

WATERFRONT MIXED-USE FREEHOLD WITH A COMMERCIAL MARINA & BUSINESSES 267 and 270 Bradman Avenue, Maroochydore QLD

Outline Indicative Only

SALE

Offers to Purchase: Closing 12 November 4:00pm • 506m2* freehold + 319m2* riverbed leasehold • Includes 129m2* commercial tenancy • Bradman Riverhouse Cafe business WIWO • 1 x 3 bed river view residential unit & 1 x 2 bed residential unit • 319m2* marine leasehold • Cruise Maroochy eco tours business including 2 x river boats WIWO

John Petralia 0414 812 719 john.petralia@raywhite.com

*Approx

raywhitecommercialnoosasunshinecoastnorth.com

IMPRESSIVE YIELD ON OFFER FOR GOVERNMENT TENANTS 78 St Georges Terrace, St George QLD

SALE

Contact Agent Ray White Commercial Northern Corridor Group is pleased to offer 78 St Georges Terrace, St George for Sale.

Brocke Hambrecht 0466 599 724 brocke.hambrecht@raywhite.com

Best employment are a government funded employment service group whom service large parts of regional Queensland. Lonegran are an established local road servicing company who have a large contract with the Balonne Shire Council.

Rob Dawson 0422 786 205 rob.dawson@raywhite.com

raywhitecommercialnortherncorridorgroup.com.au

FULLY LEASED BEACHSIDE INVESTMENT 1+2/1920 Gold Coast Highway, Miami QLD

Outline and Locations Indicative Only

SALE

By Private Treaty • • • • •

Buy one or both NLA: Lot 1 - 91sqm* & Lot 2 - 81sqm* Lot 1: Caffeine Kings Cafe & Bar and Lot 2: Mortgage Choice 4% & 4.25% annual rental increases $52,000 p.a.* net income per lot

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

*Approx

raywhitecommercialbroadbeach.com

FULLY LEASED FREEHOLD INDUSTRIAL INVESTMENT 12 Township Drive, Burleigh Heads QLD

Outline and Locations Indicative Only

ONLINE AUCTION

Thursday 12 November 2020 at 3pm • • • • •

Fully leased with $416,465 p.a.* net return (excl. Land Tax) Land area of 6,199sqm* plus 66* on site car parks Signage opportunities (STCA)^ with huge exposure to the Pacific Mwy M1 & Exit 89 Tenants include: P & M Plastics, McIlwains, SignGraphix Australia & 3 more Potential upsides available

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

*Approx ^Subject to Approval

raywhitecommercialbroadbeach.com

3.96HA* DEVELOPMENT SITE WHITSUNDAY ISLANDS VIEWS 422 Shute Harbour Road, Airlie Beach QLD

Outline and Locations Indicative Only

EXPRESSIONS OF INTEREST Closing Thur 3 Dec 2020 4pm

• 150m* walk to the main street of Airlie Beach, with access to restaurants, bars, retail shopping, Woolworths, swimming lagoon and the beach • Zoned Mixed Use - suit range of uses: residential (Luxury houses, subdivision or multi dwellings); medical and retirement; short term and resort accomm, business; retail • Opposite Port of Airlie marina and retail/dining centre and ferry terminal • Previous DA included 21 lots,144 units in hotel precinct, 82 apartments over 3 levels

Andrew Burke 0417 606 128 andrew.burke@raywhite.com Mark Beale 0404 498 790 mark.beale@raywhite.com

*Approx

raywhitespecialprojects.com

MORTGAGEE AUCTION 2.123HA* APPROVED DEVELOPMENT SITE 1-19 Mullins Street, Collingwood Park QLD

Outline and Locations Indicative Only

AUCTION

Thu 3 Dec 2020 11am Level 26, 111 Eagle Street, Brisbane • 30km* south west of the Brisbane CBD and 12km* to the Ipswich CBD • Approved (MCU) - Business Use (Service station, fast food & car wash) on 7,146m2* • Designation RL02 - Residential Low Density (Sub Area 2) • Proposed Concept Masterplan for further commercial or residential development on balance site area of 1.4084ha* (^STCA) • In close proximity to a wide variety of services and amenities

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

LAND SUBDIVISION OR TOWNHOUSE SITE 133 Woogaroo Street, Ellen Grove QLD

Outline and Locations Indicative Only

EXPRESSIONS OF INTEREST

Andrew Burke 0417 606 128 andrew.burke@raywhite.com

Closing Thur 12 Nov 2020 4pm • • • •

Land area: 1.06ha* Proposed Scheme of 18 Residential Lots Located 16kms* south-west of Brisbane Zoned Emerging Community

• Close to Forest Lakes Shopping Centre with Coles, Woolworths and Aldi • Detailed development information available

Matthew Fritzsche 0410 435 891 matthew.f@raywhite.com

*Approx

raywhitespecialprojects.com

OWNER LIQUIDATES "THE BEACH ESTATE" 8 Petrie Street, Mackay QLD

Outline and Locations Indicative Only

EXPRESSIONS OF INTEREST

Tony Williams 0411 822 544 tony.williams@raywhite.com

Closing Wed 2 Dec 2020 4pm • • • •

Balance of existing estate 6 house lots (4 beachfront) Lot 402 - 2,840m2* Townhouse site Lot 403 - 4,060m2* Approved for 35 units

• Lot 404 - 3,300m2* Approved for 40 units • Lot 901 - 1,036m2* Potential retail/reception • Individually, in-one-line or any combination

Fred Dubois 0432 485 143 fred.dubois@raywhite.com

*Approx

raywhitespecialprojects.com

SUPERB INVESTMENT OPPORTUNITY 8 APARTMENTS Sage Apartments, 31 Bourton Road, Merrimac, Gold Coast QLD

Outline and Locations Indicative Only

EXPRESSIONS OF INTEREST Thur 19 Nov 2020 4pm

Dax Roep 0421 230 354 dax.roep@raywhite.com

• Rare chance to secure 8 as new apartments in-one-line' • Each apartment offers a high standard of two bedroom, two bathroom accommodation with uninterrupted views and two secure undercover car spaces • Fully tenanted with a gross annual rental income of $187,720 *Approx

raywhitespecialprojects.com

73.5HA* PARCEL - UNDER 1KM* FROM CABARITA BEACH Lot 2 Clothiers Creek Road, Bogangar - Cabarita Beach Northern NSW

Outline and Locations Indicative Only

EXPRESSIONS OF INTEREST Closing Wed 25 Nov 2020 4pm

Dax Roep 0421 230 354 dax.roep@raywhite.com

• Unparalleled landholding with creek frontage in a highly desired beachside location • Range of potential options subject to Council Approval, including caravan park, aged care/seniors living, residential dwellings, eco-tourism, educational establishments, child care, cafe, or retain as your own lifestyle retreat

Matthew Fritzsche 0410 435 891 matthew.f@raywhite.com

*Approx

raywhitespecialprojects.com

NATIONAL PORTFOLIO Everton Park QLD, Bayswater VIC, Phillip ACT, Belmont WA

EXPRESSIONS OF INTEREST EOI Closing 24 Nov 2020 4pm AEST

Ray White Commercial are pleased to present the 99 Bikes National Portfolio for sale either Individually or in-one-line via a National Expressions of Interest campaign closing Tuesday 24th November 2020 at 4.00pm (AEST).

On offer are four secure retail investments leased to international and leading bikes retailer 99 Bikes.

• • • • • • •

National tenant 99-Bikes Weighted Average Lease Expiry 9 years Essential Services Tenant Buy individually or portfolio 3 month bank guarantee 2% fixed increases Net incomes $80,000 - $505,000* pa

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

raywhitecommercialqld.com

PORTFOLIO | Ray White Commercial | 13

SUBSTANTIAL LAND - NORTH TURRAMURRA 61 Miowera Road, North Turramurra NSW

Boundary & Locations Indicative Only

EXPRESSIONS OF INTEREST Closing Wednesday 25 November 2020 at 3pm

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

• • • •

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

8.11ha* of land - Zoned RE2 Private Recreation Iconic Girl Guides retreat and camping facility Existing improvements including accommodation, commercial kitchen, hall and activities Zoning allows for recreation, childcare, sports and community facilities^

raywhitecommercialwesternsydney.com

SURPLUS GOVERNMENT LAND 74-76 Marlborough Road, Homebush West NSW

Locations & Boundary Indicative Only

AUCTION

On-site, Wednesday 25 November 2020 at 12:00pm

Joseph Assaf 0401 397 696 jassaf@raywhite.com

• • • •

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

Site area 5,480m2*, building area 750m2* Potential for unit or townhouse development (subject to council approval) Floor Space Ratio: 1.2:1, Height of Building: 11 metres 6 months delayed settlement available

raywhitecommercialwesternsydney.com

IRREPLACEABLE MIXED-USE DEVELOPMENT OPPORTUNITY 6-10 Harrow Road, Auburn NSW

Locations & Boundary Indicative Only

EXPRESSIONS OF INTEREST

Closing Thursday 26 November 2020 at 3pm

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

• • • •

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

Prime corner site, total land area of 3,889m2* Zoned B4 Mixed Use, Floor Space Ratio of 5:1 Height of Building 38m (proposed height of 55m under the Draft Cumberland LEP 2020) Substantial improvements creating holding income

raywhitecommercialwesternsydney.com

PRIME RETAIL NEAR BEACH

BRAND NEW PRIME RETAIL

LEASE

LEASE

Shop 3, 152 Campbell Parade, BONDI BEACH NSW

Available Now

• • • • • • •

61m2* super prime retail shop Premium location on the strip Adjoining Hungry Jacks/Oportos Doorstep to major bus stops & arterial roads Full kitchen exhaust in position, grease trap Bifold glass doors with wide frontage Existing high-quality fitout

Andrew Vines 0423 108 880

raywhitecommercialwesternsydney.com

1 Glen Street, EASTWOOD NSW

• • • • • • •

110m2* floor area, 2 parking lots Incredible 6.5m* high ceiling Great potential to build a mezzanine floor Competitive rent and attractive lease terms Expansive street frontage Grease trap and kitchen exhaust ready Proximity to council carpark & train station

Samuel Gong 0452 178 889 Robert Napoli 0421 412 799

raywhitecommercialwesternsydney.com

DUPLEX DEVELOPMENT SITE^ 4 Boronia Street, Ermington NSW

Outline Indicative Only

EXPRESSIONS OF INTEREST

Closing Thursday 26th November at 3pm (AEDT) • • • • • •

Site area - 1,622 sqm (Lot 2 - 907sqm* / Lot 3 - 715sqm*) DA approved for 2 lots Concept drawings prepared for 4 duplexes and granny flat 6km* to Parramatta CBD 19km* Sydney CBD Easy access to transport

Samuel Hadgelias 0403 254 675 shadgelias@raywhite.com Steven O'Neill 0421 728 792 soneill@raywhite.com

*Approx ^Subject to Council Approval

raywhitecommercialnsw.com

TOWN CENTRE INVESTMENT W/ UPSIDE^ 39 - 47 Station Street, Engadine NSW

AUCTION

3rd December at 12pm • • • • • •

Strong returns w/ 3 x long term tenants Current net income of $250K + p.a.* Site area: 1,087sqm* Zoned B3 / FSR 2:1 / Height 20m Redevelopment Potential (S.T.C.A) 200m* to station

Samuel Hadgelias 0403 254 675 shadgelias@raywhite.com Con Economos 0418 400 888 con.economos@raywhite.com

*Approx ^Subject to Approval

raywhitecommercialnsw.com

ELEGANT SHOP + 2 CARSPACES | ENTRY-LEVEL INVESTMENT OR OWNER OCCUPIER Shop 1/220 Goulburn Street, Surry Hills NSW

AUCTION

Thursday 3 December at 11am Key property features: • 69sqm on Title: (43sqm Retail + 26sqm 2carspaces) • Suites varies uses: Retail/ Showroom/ Office • Well presented 17 storeys residential building + 15 visitors car spaces • Access to communal amenities

Alberto Da Grava 0416 919 423 alberto.dagrava@raywhite.com Kristian Morris 0411 415 297 kristian.morris@raywhite.com

raywhitecommercialsydneycityfringe.com.au

CITY FRINGE MIXED-USE FREEHOLD BUILDING 187-189 William Street, Darlinghurst NSW

AUCTION

Thursday 3 December at 11am Key property features: • Unique Development / Investment / Owner Occupier Opportunity • Three storey, Land area of 101m2* • Flexible B4 mixed use zoning with FSR 4:1 and 35m height limit • Dual street access from both, William Street and Premier Lane

Alberto Da Grava 0416 919 423 alberto.dagrava@raywhite.com Kristian Morris 0411 415 297 kristian.morris@raywhite.com

raywhitecommercialsydneycityfringe.com.au

VERSATILE LIGHT INDUSTRIAL PREMISES WITH HIGH VISIBILITY & CONVENIENCE 10/1299-1305 Botany Road, Mascot NSW

AUCTION

3 December, 2020 In a strata complex, this Victorian residence has been smartly repurposed for light industrial uses. Currently occupied by a corporate events business, offering appeal to businesses seeking a unique showroom/office close to Mascot shops and transport.

• 377.8sqm on title (internal & external) and high 3.38m ceilings • Open plan areas ideal for possible ancillary display • Rear parking for 4 cars, intercom, security system, A/C

Alex Santelli 0403 104 146 a.santelli@rwcss.com Victor Issa 0418 662 222 v.issa@rwcss.com

raywhitecommercialsouthsydney.com

16 | PORTFOLIO | Ray White Commercial

TWO STREET FRONTING WAREHOUSES 1 & 2/36 Jersey Road, Bayswater VIC

Outline and Locations Indicative Only

SALE/LEASE • • • • •

Factory 1 Building Area 260 sqm* Factory 2 Building Area 260 sqm* Separate Titles Three Phase power Roller Door Access

• • • •

Street Front Exposure Off Street Parking Office / Reception Areas Industrial 1 Zone (IN1Z)

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

*Approx

raywhitecommercialferntreegully.com

HIGH CLEARANCE WAREHOUSE 9 Elsum Avenue, Bayswater North VIC

Outline and Locations Indicative Only

SALE • • • • •

Total Building Area 1070 sqm* Total Land Area 2,123 sqm* Freehold Possession Off Street Parking 4.6m* Electric Roller Door Access

• Three (3) Phase Power • Offices and Toilet Facilities • Two (2) Year Lease Back at $100,000pa + GST & Outgoings • Industrial 1 Zone (IN1Z)

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

*Approx

raywhitecommercialferntreegully.com

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

Outline and Locations Indicative Only

AUCTION

Thursday December 3 at 11 am (AEDT) • • • • •

Total Land Area: 2158 sqm* Total Building Area: 736 sqm* Development Potential (STCA) Corporate Office/Training Facility 22 Car Parking Spaces

• • • •

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

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

*Approx

raywhitecommercialferntreegully.com

PORTFOLIO | Ray White Commercial | 15

DEVELOPMENT SITE & GYM/RECREATION CENTRE 21 Gladstone Street, Perth WA

Outline indicative only

SALE

$1,049,000 + GST (if applicable) • • • • •

396sqm* site 6 storey height limit 1.3:1:0 plot ratio Right of way at rear 260sqm* building with 18sqm* mezzanine

• Currently a gym/recreation centre • 1.2km* from the Perth CBD • Graham Farmer Freeway entry/exits only metres away • Seller will lease back if desired on a 3 year lease

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

*Approx

raywhitecommercialwa.com

SUPER PRIME RETAIL OPPORTUNITY 14 Bay View Terrace, Claremont WA

ONLINE AUCTION

Thursday 3 December at 9am (AWST) • 202 sqm* site with dual frontages • 131.7sqm* prime retail premises • Suit a range of Retail and Food & Beverage uses • In the heart of Claremont Shopping precinct

• • • • •

New shop front installed 2 parking bays at rear Number 1 strip shop location in Perth Join Cos, Mecca Cosmetica, David Jones Opposite entry to Claremont Quarter

Brett Wilkins 0478 611 168 brett.wilkins@raywhite.com Luke Pavlos 0420 880 880 lukep@lease-equity.com.au

*Approx

raywhitecommercialwa.com

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