APRIL ISSUE
Commercial Listings april 2021 WITHIN THESE PAGES:
BY ANDRÉ PANG COMMERCIAL DIRECTOR
PROPERTY MARKET OUTLOOK 03 2021 OPPORTUNITY YOU DON'T 04 WANT TO MISS 06 WHAT'S HOT IN RETAIL A GREAT DEAL IN 12 SECURE THE OFFICE MARKET NEXT MEDICAL 18 YOUR SPACE 22 HOTTEST RECENT DEALS
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PROPERTY MARKET OUTLOOK 2021
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OPPORTUNITY YOU DON'T WANT TO MISS Shop 2 / 505 George St, Sydney
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WHAT'S HOT IN RETAIL
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SECURE A GREAT DEAL IN THE OFFICE MARKET
636 George St, Sydney 191 Regent St, Redfern 490 Kent St, Sydney 25-29 Dixon St, Sydney 76-78 Liverpool St, Sydney
46 Market St, Sydney 189 Kent St, Sydney Level 2/741 George St, Haymarket 602/350 Kent St, Sydney 308/480 Pacific Hwy, St Leonards
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YOUR NEXT MEDICAL SPACE 187 Macquarie St, Sydney 41 Forbes St, Liverpool Shop1/161 New South Head Rd, Edgecliff
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HOTTEST RECENT DEALS
SYDNEY COMMERCIAL PROPERTY MAKRET OUTLOOK 2021
Undoubtedly, 2020 was a turbulent year for the global economy, however the Sydney commercial property market has avoided significant collapse due to early action from the Australian government. The Sydney market has experienced many positive indicators pointing to the strengthening of the property market over the first quarter of 2021. Australia is now technically out of the COVID recession. Jobs are rebounding rapidly, several vaccines are looking promising, interest rates have been slashed to record lows, and governments are continuing to spend big. Leading indicators point to a recovery in office demand, given renewed confidence in the wide economic recovery and improved hiring intentions. Additionally, all these positive changes are being supercharged with high levels of liquidity. This is very good news for commercial property heading into 2021, boosting consumer and business sentiment. However, potential downside risks may arise as stimulus measures such as JobKeeper, insolvency moratoriums and eviction memorandums subside over the first quarter of 2021. As such, we expect
occupiers
to
use
this
as
momentum
to
push
for
more
favourable
terms
simultaneously transitioning to more agile workplace solutions.
André Pang Commercial Director
PAGE 3 | OUTLOOK
while
OPPORTUNITY YOU DON'T WANT TO MISS PAGE 4 | OPPORTUNITY
SHOP 2 / 505 GEORGE ST, SYDNEY ICONIC RETAIL LEASE OPPORTUNITY IN THE EVENTS CINEMA COMPLEX
Opportunities like these don’t come often! Secure this desirable position now for a great deal and become a part of this iconic retail destination. George Street is one of Sydney's most walked strips when it comes to shopping, dining and entertainment. This retail shop is situated within a prime position in the Events Cinema Complex and next to Regent Place. It is a dynamic and vibrant pocket of the city that enjoys abundant passing foot traffic, exceptional exposure and is home to other thriving businesses. Kitchen exhaust, grease trap and gas available 7 Day Trading High Profile tenants like Event Cinemas, Hungry Jacks & Chatime Accessible by Town Hall Train Station and Light Rail Additional storage can be provided near loading dock George Street Signage is available Staff toilets on lower ground floor Back Dock manned 24 hours accessible from Kent Street
OPPORTUNITY| PAGE 5
WHAT'S HOT IN RETAIL THIS MONTH PAGE 6 | RETAIL
630 & 636 GEORGE ST, SYDNEY RARE OPPORTUNITY TO POSITION YOUR BRAND IN THE HEART OF SYDNEY George Street is one of Sydney’s most walked strips when it comes to shopping, dining and entertainment, and Town Hall precinct is the busiest on George street. Short stroll to World Square, QVB, and Town Hall Train Station. Situated in one of the strongest profile locations in Sydney means your business will be associated with the Centre’s many positive attributes and reap the benefits of an area with heavy foot traffic. With a choice from two rare retail opportunities, now is the time to seize the chance to position your brand in the heart of the Sydney. 630 George tenanted by 636 George tenanted by
St 116sqm (Currently UGG Australia Collection) St 250sqm (Currently Habitania)
Prime retail location Highly visible retail tenancies in an iconic location on George St Unrivalled exposure with proximity to World Square Rare and exciting opportunity to position yourself in one of Sydney’s busiest hotspots One of the strongest profile locations in Sydney Accessible by numerous public transport options, 2 mins from Town Hall Train Station and Light Rail
RETAIL | PAGE 7
191 REGENT ST, REDFERN
DYNAMIC BUILDING FOR LEASE This space is perfectly located only 4 mins walk from Redfern Station and presents itself as a great opportunity for a smart operator to run a creative business, whether it is a cafe/restaurant or retail/office combination. 4 mins walk from Redfern Station Any business will be considered Positioned in upcoming business hubs Surrounded by residential apartments
RETAIL | PAGE 8
490 KENT ST, SYDNEY UNIQUE RETAIL SPACE IN PROMINENT LOCATION 490 Kent St is a uniquely dynamic space offering a distinctive blend of chic industrial and minimalist styles. It represents an exciting opportunity for a smart operator with a vision to run a creative business, whether it is a café/coffee roaster/juice bar or retail combination. Perfectly situated right beside Regent Place and Meriton Suites, capitalise on the constant influx of residents and guests driving demand for new concept business opportunities in the area. Within walking distance to Town Hall, Chinatown and Darling Harbour, this retail space is ideally located and suitable for a range of usages. The accessibility of this building is second to none. Its central location makes it easy to get to by all modes of transport. With extremely high ceilings, there is a chance to insert a loft level to maximise space. High passing foot traffic Air conditioning unit installed High ceilings Flexible lease terms on offer 70sqm
RETAIL | PAGE 9
25-29 DIXON ST, SYDNEY LANDMARK DIXON ST FOOD LOCATION This landmark building, Harbour Plaza, has recently gone under brand new renovations and presents as a great opportunity for three Tenancies to apply to lease via EOI. The building is in an unmatched location of the Northern entrance of Chinatown and adjacent to Darling Square housing 1500 apartments. Shop A 337 m2 including 65m2 of private bathroom facilities Readily equipped for a restaurant Liquor licence STCA 3 Entrances including disabled access Shop B 16m2 Ideal for Juice bar/Bubble Tea/Takeaway Equipped with grease trap Shop C 120m2 Readily equipped for a restaurant 2 Entrances
RETAIL | PAGE 10
76-78 LIVERPOOL ST, SYDNEY ICONIC SYDNEY CBD RESTAURANT SITE FOR LEASE Premier Restaurant Site for Lease High volume pedestrian foot traffic Frontage of 5.8m onto Liverpool Street 425sq m* restaurant retail shop 76-78 Liverpool Street comprising lower ground, ground floor and mezzanine level. The shop is within easy walks to the CBD commercial and retail precincts, including Chinatown, Darling Harbour, World Square, QVB etc. Key highlights: - Existing grease trap and exhaust - Kitchen fit out is located on 2 floors allowing 2 separate food outlets - Air conditioning throughout - Well apportioned open plan floor plan - Fit out in place (can be utilised or removed) - Available immediately
RETAIL | PAGE 11
SECURE A GREAT DEAL IN THE OFFICE MARKET PAGE 12 | OFFICE
46 MARKET ST, SYDNEY SPECTACULAR QVB VIEWS AND NATURAL SUNLIGHT 46 Market Street represents an exciting opportunity to occupy a prominent location in the heart of Sydney’s CBD, boasting incredible connectivity between York, Market and George Streets. Located in the Commonwealth Bank building, and adjacent to Myer Shopping Centre and Mid Town, the property is in close proximity to significant retail and dining. The office offers excellent natural light throughout with enviable views of Sydney’s most iconic landmark being the Queen Victoria Building. Employees and guests can easily reach 46 Market Street by foot, car or public transport with Town Hall train station and Light Rail just around the corner. Level 7 Suite 104sqm Level 10 Suite 60sqm East facing suite flooded with natural sunlight, amazing views over QVB Large open plan area with 8 new workstations and space for more High quality existing fit outs in place with large boardroom Hi speed optic fibre supplied to building Three new lifts installed in 2019 Male and female showers in the basement Existing power and data in place.
OFFICE | PAGE 13
189 KENT ST, SYDNEY FITTED-OUT OR OPEN-PLAN SUITES WITH STUNNING VIEWS IN PRIME LOCATION Various fitted out (including plug & play furnished options) or open plan suites ranging in size from 42 sqm to 500 sqm. Perfectly positioned for connectivity, 189 Kent St is at the heart of the city’s financial and business district with only a short stroll to Wynyard Station and the Barangaroo Precinct. Boasting diverse light-filled office spaces with enviable panoramic views from most levels. Comprising of fifteen levels of commercial and retail space, the ground floor and street level houses retail tenants such as a building Café, Physiotherapy and Chiropractic Practice, Barber Convenience Store and Pharmacy. Featuring immaculate finishes and exceptional attention to detail throughout. There are multiple floorplan options on offer with waiting rooms, boardrooms, casual breakout areas, and quiet spaces to accommodate all styles of work. Each suite will be ready to move in, seize the opportunity to make it your own! Large and small fitted-out suites available Sweeping panoramic views from most levels End of trip facilities including bike racks and showers 6 minute walk to Wynyard Station and the Barangaroo Precinct.
OFFICE | PAGE 14
LEVEL 2/741 GEORGE ST, HAYMARKET WHOLE FLOOR OR PART FLOOR OPPORTUNITY IN HAYMARKET/CHINATOWN
This a great opportunity to secure a great lease in a fantastic location. 741 George St, is located at the southern end of George St, Within in a 1 min walk to the Haymarket light rail station, and less than 5 mins walk to Central Station, Chinatown and UTS. With its size and locality it is exceptionally suitable for educational and migration services.
Opportunity to lease whole floor or partially (either Suite A or B) Whole floor with separate male and female toilets Disabled toilet on ground floor Suitable for any business, especially Education and Migration Competitive rent and flexible lease terms Close walking proximity to Haymarket light rail, Central Station, Haymarket, Chinatown and UTS
OFFICE | PAGE 15
602/350 KENT STREET, SYDNEY NEW YORK STYLE OFFICE IN THE HEART OF SYDNEY CBD This beautifully light filled space is positioned in the best part of Kent St in between Market St and King St. It features high arching New York style windows with a spacious and dynamic floor plan suitable for all businesses especially for those looking for an edgy and creative vibe. Terms and rates are flexible and negotiable, take this opportunity to speak to the agent Andre Pang and enquire into this rare opportunity today! High arching New York style windows with plenty of natural light Spacious and dynamic layout allowing for a good mixture informal and meeting areas Blend of creative finishes including polished floors and feature walls Direct lift access Easily sub dividable and partitioned for collaborative opportunities or project sharing Renowned boutique building with dual street access from Clarence/Kent Modern and impressive lobby area with two well maintained lifts 3 mins walk to Town Hall and 7 mins walk to Wynyard Station Short walk to Darling Harbour and Barangaroo
OFFICE | PAGE 16
308/480 PACIFIC HIGHWAY, ST LEONARDS
A GRADE SUITE, PREMIUM LOCATION IN ST LEONARDS This suite, boasts an abundance of natural light and is located in the burgeoning newly built precinct of St Leonards only 6 mins walk to St Leonards Station and the Forum. Perfect for all professional businesses especially medical and cosmetic practices STCA 95 m2 6 mins walk to St Leonards Station and the Forum Ultra modern lobby and finishes NBN ready, high ceilings and climate control (A/C), video intercom Additional parking available at $350 pcm Virgin active gym within building (at additional cost) Attractive rent/incentives and flexible lease terms OFFICE | PAGE 17
YOUR NEXT MEDICAL SPACE PAGE 18 | MEDICAL
187 MACQUARIE ST, SYDNEY SPECTACULAR SUITE WITH HARBOUR VIEWS IN PREMIERE MACQUARIE ST BUILDING Park House is located in the heart of the Macquarie Street office and medical precinct and is also in extreme proximity to the Supreme Court of New South Wales. This property is situated in one of Sydney’s most esteemed commercial precincts overlooking the gorgeous Harbour views. Featuring a renovated lobby with 3 lifts, Park House also boasts an unmatched location. It is surrounded by iconic heritage buildings such as Parliament House, the State Library of New South Wales, The Sydney Mint and the Reserve Bank of Australia and only a very short 2 min walk to Martin Place Train Station. Opportunities like these don’t come often. Secure this position now for a great deal and become a part of this prestigious commercial location. Level 7 Medical or Office Suite with East aspect and Harbour views Generous reception and waiting area with storage Oversized consulting room looking out to spectacular Harbour vistas Fantastic natural sunlight Small kitchenette within the suite Renovated common bathrooms 45 m2 approx
MEDICAL| PAGE 19
41 FORBES ST, LIVERPOOL PERFECT OFF THE PLAN OPPORTUNITY FOR MEDICAL CLINIC/ RESEARCH CENTRE This off the plan space is suitable ideally for a Medical Centre or any Medical/Health related businesses. It boasts a prime position adjacent to Liverpool Hospital, Ingham Institute and opposite Liverpool Boys and Girls High School and 11 mins walk to Liverpool Train Station. There is flexibility in addressing the needs of the successful tenant, with three layout options (as shown in the floor plans) Completion is expected for Feb 2021. Apply now to secure a great deal today!
MEDICAL | PAGE 20
SHOP 1/161 NEW SOUTH HEAD RD, EDGECLIFF BEAUTIFULLY FITTED OUT FOR COSMETIC OR GENERAL MEDICAL CLINIC
Perfectly fitted out for any cosmetic or medical clinic, with tastefully hidden sinks in each consultation room Beautifully fitted surgery and recovery area down stairs 2 car spaces Main road street exposure 3 mins walk from Edgecliff station and shopping centre 171 m2, flexible terms Comes furnished/unfurnished with current furnishings/fittings. Non medical businesses can also apply
MEDICAL | PAGE 21
HOTTEST RECENT DEALS PAGE 22 | DEALS
JUST SOME OF THE DEALS OUR COMMERCIAL PROPERTY TEAM HAS DONE
SHOP 2/56 YORK ST, SYDNEY Fantastic Food & Beverage Retail Opportunity in Sydney CBD LEASED FOR $70,000 + GST PA.
LEVEL 14/183 MACQUARIE ST, SYDNEY
LEVEL 5/60 YORK ST, SYDNEY
Penthouse Level Corner Suite with Amazing Opera House and Harbour Views
LEASED FOR $77,000 + GST PA.
Modern Fitted Out Office Suite
LEASED FOR $120,750 + GST PA.
SHOP 3/56 YORK ST, SYDNEY
185 REGENT ST, REDFERN
Fantastic Food & Beverage Retail Opportunity in Sydney CBD
Prime Retail Opportunity in the heart of Redfern
LEASED FOR $72,000 + GST PA.
LEASED FOR $33,800 + GST PA.
LEVEL 1/741 GEORGE ST, SYDNEY
LEVEL 1 & 2/804 GEORGE ST, SYDNEY
Prime Retail Opportunity on George St
Prime Retail Opportunity in the heart of Redfern
LEASED FOR $120,000 + GST PA.
LEASED FOR $90,000 + GST PA.
PAGE 23 | DEALS
NEW MANAGEMENTS ACQUIRED
555 PACIFIC HIGHWAY, ARTARMON
137-145 BROADWAY, ULTIMO PAGE 24 | DEALS
FOR COMMERCIAL LEASING OR SALES INQUIRIES, PLEASE CONTACT ANDRÉ OR JACQUELINE.
ANDRÉ PANG Commercial Director 0412 615 985 andrepang@sfpg.com.au
JACQUELINE TRUONG Commercial Property Manager 0452 531 423 jackietruong@sfpg.com.au