C O M M E R C I A L JULY ISSUE
Commercial Listings july 2021 WITHIN THESE PAGES:
PROPERTY MARKET 03 OUTLOOK 2021 SALES OPPORTUNITIES 04 YOU DON'T WANT TO MISS 08 HOTTEST RECENT DEALS 10 WHAT'S HOT IN RETAIL SECURE A GREAT DEAL IN 17 THE OFFICE MARKET 22 YOUR NEXT MEDICAL SPACE
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PROPERTY MARKET OUTLOOK JULY 2021
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SALES OPPORTUNITIES YOU DON'T WANT TO MISS 185-193 Regent St, Redfern S407/12 O'Connell St, Sydney Lot 6/60 York St, Sydney
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HOTTEST RECENT DEALS
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WHAT'S HOT IN RETAIL THIS MONTH 25-29 Dixon St, Sydney 141 Broadway, Ultimo 447 Kent St, Sydney 191 Regent St, Redfern 1203 Botany Rd, Mascot 202 Parramatta Rd, Stanmore
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SECURE A GREAT DEAL IN THE OFFICE MARKET Level 7/387 George 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 Level 2/187 Macquarie St, Sydney 41 Forbes St, Liverpool Shop1/161 New South Head Rd, Edgecliff
SYDNEY COMMERCIAL PROPERTY MARKET OUTLOOK JULY 2021
In the latest news of the construction of Sydney's upcoming Metro West stations, the NSW Government announced the compulsory acquisition of three commercial strata buildings - 37 Bligh Street, 300 George Street and 5 Hunter Street including the Hunter Connection food court. Combined, these three buildings form approximately $300million worth of CBD strata property. As a result, this withdrawal of over 180 commercial strata offices will encourage stronger market conditions in the future, especially for existing owners as buyers seek to pay premiums to secure the even more limited supply of offices - leading to increased sale prices and rents. With regards to leasing, AFR stipulates that Sydney's commercial leasing activity is picking up. Most of the leasing interest is coming from Australian companies as international businesses are holding off due to international travel uncertainties. As such, this presents a fantastic opportunity for sellers to capitalise on the ideal market conditions to achieve a great sale price on their strata offices as well as for buyers to capture on this market becoming rarer to enter. For any sales or leasing enquiries, please do not hesitate to contact the Commercial Director at SFPG, Andre Pang on 0412 615 985 or andrepang@sfpg.com.au
André Pang Commercial Director
C O M M E R C I A L
PAGE 3 | OUTLOOK
SALES OPPORTUNITIES YOU DON'T WANT TO MISS... PAGE 4 | SALES
185-193 REGENT ST, REDFERN STRATEGIC LAND HOLDING OPPORTUNITY
RARE LANDMARK OPPORTUNITY TO BUY 5 FREE HOLD MIXED US E B UILDIN GS IN A LINE Prime location in the bustling precinct of Redfern Strategic hold for huge upside potential once Waterloo
FOR SALE AUCTION: 10:30AM TUES 27TH JULY (AEST)
Auction Works - Mezzanine Level, 50 Margaret St, Sydney NSW 2000
Metro and Masterplan is effected 4 minute walk to Redfern Train Station and a 3 minute walk to the upcoming Waterloo Metro Station
Build Area 671 m2 Land Area 668 m2
Retail and residential currently tenanted with flexible conditions Further development/renovation potential to add value
INFORMATION MEMORANDUM AVAILABLE UPON REQUEST
(STCA)
ANDRE PANG Current Net Rental Income $240,280 p.a incl GST* Fully Rented Income $344,280 p.a incl GST*
*figures are based on yearly incomes and are approximate
0412 615 985 ANDREPANG@SFPG.COM.AU
C O M M E R C I A L
S407/12 O'CONNELL ST, SYDNEY RARE OFF-MARKET OPPORTUNITY IN ICONIC CBD BUILDING
FOR SALE OFF MARKET Located within the tightly held, iconic 'Manufacturers House', this fourth floor suite offers an affordable office strata opportunity in the City core district surrounded by Premium and A Grade operators and will suit a variety of commercial, creative, medical and semi-retail operators.
Key Features: 133m2 200m from proposed metro station entrance and immediate to major existing infrastructure including Wynyard train station (220M), bus station and the George street light rail network (220M). The property is perfectly suited for owner occupiers and investors seeking a premium central location in Sydney CBD.
C O M M E R C I A L
LOT 6/ 60 YORK ST, SYDNEY FOR SALE OFF MARKET Dynamic Suite in Sydney CBD Blue Ribbon Location This stunning suite, is located in the modern building of 60 York St. It features a great layout, and is located in an unmatched location within Sydney CBD.
Key Feautres: – 165m2 – Male and female bathroom facilities – Prominent commercial building with two lifts – Main lobby area with popular café & bakery – Prestigious, convenient and vibrant location – Close to Martin Place, QVB and Barangaroo – Minutes to Town Hall and Wynyard Station – Surrounded by excellent cafes and bars such as Barber Shop, Industry Beans, Employees only
SALES | PAGE 7
HOTTEST RECENT DEALS... PAGE 8 | DEALS
JUST SOME OF THE DEALS OUR COMMERCIAL PROPERTY TEAM HAS DONE... SOLD: SHOP 3/99 MILITARY ROAD, NEUTRAL BAY Immaculate Retail Space in Prominent Location
LEASED: LEVEL 6/350 KENT ST, SYDNEY New York Style Offices in the Heart of Sydney CBD
LEVEL 13/183 MACQUARIE ST, SYDNEY Penthouse Level Corner Suite with Amazing Opera House and Harbour Views
LEVEL 1 & 2/804 GEORGE ST, SYDNEY Prime Retail Opportunity in the heart of Sydney CBD
WHAT'S HOT IN RETAIL THIS MONTH PAGE 10 | RETAIL
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 11
141 BROADWAY, ULTIMO PRIME RETAIL SPACE WITH UNBEATABLE EXPOSURE Now is the time to seize this opportunity to make your mark on an established address for a fantastic deal and secure this iconic Sydney location. Offering a rare prospect on Broadway with exceptionally high foot traffic and thousands of vehicles passing by everyday. This retail space will undoubtedly provide your business with the exposure it needs. Situated on one of Sydney’s most densely populated suburbs, consisting of a versatile mix of Residential, Retail and Commercial offices. Perfectly located walking distance to UTS, Sydney University, Central Park, Central Train Station and Broadway shopping centre. Contact Andre on 0412 615 985 or Jacqueline on 0452 531 423 to inspect this property today. – Stunning Heritage Building boasting unique Federation Style – Excellent position on Broadway among other fantastic operators – Suitable for Tobacconist or Convenience Store – Downstairs storage and private bathroom – Previously leased to an Asian Grocer – Rear Parking available – 4 minute walk from UTS and Broadway Shopping Centre, 12 minute walk from Central Station – Available immediately
RETAIL | PAGE 12 1
447 KENT ST, SYDNEY INCREDIBLY CONVENIENT RETAIL SPACE IN PROMINENT 'INTERPRO HOUSE' 447 Kent Street “Interpro House” is a prominent commercial building in the heart of the Sydney CBD. Large shop frontage providing excellent exposure to your business with high foot from workers in the building and vehicular traffic passing every day. Currently leased to a convenience store, but the floor plate shape will suit a variety of businesses. – Prime retail location – Suitable for Tobacconist or Convenience Store – Fantastic natural lighting – Great floor plate shape – In the heart of CBD, within a minute walk to Town Hall station & QVB – Only minutes away from Barangaroo, Darling Harbour, Hyde Park & Haymarket
RETAIL | PAGE 13
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 14
1203 BOTANY RD, MASCOT FANTASTIC RETAIL OPPORTUNITY WITH UNBEATABLE EXPOSURE
1203 Botany Road is set right in the heart of Mascot Village – a dynamic hub of shops, cafes, eateries and amenities. Banks, the post office, public school and library are all part of the community, connected to beaches and the city by frequent bus services. Situated adjacent to Mascot Arcade and AustGrade Swim School, you are guaranteed high foot traffic providing you with unbeatable exposure. Key Features: – Grease trap and exhaust fan – Fantastic signage opportunity – High exposure to both pedestrian and vehicular traffic – Adjacent to Mascot Arcade – Storage and lock-up garage – Modern bathroom and shower facilities – Rear lane access and additional tandem parking space
OPPORTUNITY| PAGE 15
202 PARRAMATTA RD, STANMORE RETAIL OPPORTUNITY WITH INCREDIBLE EXPOSURE Located in the prime area of Stanmore with 60,000 vehicles passing daily (approx.) on Parramatta Road and consistent foot traffic providing your business with unbeatable exposure. This is a fantastic opportunity to establish yourself in the heart of the Inner West. Contact Andre Pang on 0412 615 985 or Jacqueline Truong on 0452 531 423 to inspect the property today. Key Features: – 50sqm – Suitable for a variety of businesses – High traffic volume and passing trade – Glass frontage with signage exposure – Partitioned area for a small office at the back – High ceilings throughout with great natural lighting – Separate kitchenette and Bathroom – 1 car space included
RETAIL | PAGE 16
SECURE A GREAT DEAL IN THE OFFICE MARKET PAGE 17 | OFFICE
LEVEL 7/387 GEORGE ST, SYDNEY WHOLE FLOOR OFFICE IN PRIME SYDNEY CBD LOCATION Level 7, 387 George Street is a whole floor office space featuring polished concrete floors and direct lift access. It is situated in an award winning New-York style heritage building, boasting an unmatched location, in the new-look George St, adjacent to the new Apple Flagship store and in close walking distance to Town Hall, Wynyard and Pitt St Mall. – Superb high floor warehouse style space – Whole floor tenancy fronting George Street – Natural light coming through from 3 directions – Direct lift access – Toilets, shower & kitchenette on floor – Polished concrete floors – Direct lift access and alarm system – Glass boardroom drenched in sunlight facing George St – 145 sqm – Ducted air con
OFFICE | PAGE 18
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 19
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 20
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 21
YOUR NEXT MEDICAL SPACE PAGE 22 | MEDICAL
LEVEL 2/187 MACQUARIE ST, SYDNEY RARE OPPORTUNITY IN EXCLUSIVE MACQUARIE ST PRECINCT
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. Contact Andre for an inspection today! Option 1: Suite A - 124.55 sqm Option 2: Suite B - 39.68 sqm Option 3: Both Suites A & B - 164.23 sqm - Exclusive location with premium views - Oversized reception and waiting area with storage - Generous consult and procedure rooms - Incredible natural lighting throughout - Small kitchenette
MEDICAL| PAGE 23
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 24
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 25
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
C O M M E R C I A L