This article is from the Australian Property Journal archive
A PREVIEW of commercial property investment and development opportunities available across Australia.
Submit sale campaigns to news@australianpropertyjournal.com.au, sponsorship opportunities available contact amy.guy@australianpropertyjournal.com.au or marketing@australianpropertyjournal.com.au
Industrial
Noble Park, VIC
A 13,030 sqm south-eastern Melbourne warehouse with temperature controlled areas and leased to Monde Nissin Australia – owner of juice brand Nudie and Black Swan dips, among others – is available by way of expressions of interest.
Monde Nissin has a 4.7 years remaining on its 15.3 year lease, which includes 3.0% annual increase,
The 51-59 Overseas Drive facility is on nearly four hectares of land with commercial 2 zoning. Chris Jones and Walter Occhiuto of Dawkins Occhiuto are taking enquiries.
Development
Perth, WA
Pilpel Printing is selling its long-term former warehouse site, unlocking more than 1,500 sqm of Perth CBD land for development.
Currently, 148-150 Beaufort Street is leased until August 2022 to Aus Top Direct with an option to extend. Pilpel Printing has owned the property for over 30 years.
Ray White Commercial WA’s Brett Wilkins, who is marketing the 1,523 sqm site with Lease Equity’s Luke Pavlos, said the property is a significant strategic landholding in Perth’s rapidly developing cultural precinct with a functional office and warehouse suitable for owner occupation or holding investment. The warehouse features truss highs from 4.5 to eight metres, while the site sees over 12,000 cars passing per day.
“The locality has undergone vast improvement in recent years with developments such as the WA Museum, Oracle Apartments and the Student Housing Company adding significant density,” Pavlos said. The LeadLight Hotel is also currently under construction which will add a brewery and further accommodation to the area, while a Woolworths was recently completed on Bulwer Street.
Expressions of interest close 14th October.
Northern Sydney, NSW
A DA and CC approved development site, located at 433-437 Pacific Highway, Asquith with a mix of one-, two- and three-bedroom residential apartments is being offered to market.
The 1,873sqm corner and rectangular land holding, sits moments from the Asquith Town Centre and Train Station and within close proximity of the Hornsby town centre.
Cameron Fitzgerald and Anthony Pirrottina of Knight Frank are managing the sale of the Asquith site via an expressions of interest campaign, which is set to close on 30 September.
Hotel & Hospitality
Rydal, NSW
Eagle View Escape, a boutique lodge at 421 Sandalls Drive, is being offered to market via an expressions of interest campaign.
The lodge, which sits 2.5 hours out from Sydney and 30 minutes from Blue Mountains National Park, comprises 25 spa suites and cabins, a manager’s cottage and a guest lounge.
Further amenities at the property include a tennis court, BBQ pavilion, pool room and lookouts to Lake Lyell and the surrounding mountain ranges, all of which are accessible via sealed roads.
Sitting on a 47.68-hectare land parcel, the site offers potential buyers opportunities for further development, as well as an established and profitable existing operation.
The property, which is located between Bathurst Airport, Katoomba and the Jenolan Caves, is currently under management, though is also available for vacant possession.
HTL Property’s Andrew Jackson and Nic Simarro is handling the sale.
Social Infrastructure
Corio, VIC
The standalone Corio Medical Clinic at the entrance of Geelong is tapping into healthy demand for the recession-proof asset class, with the additional benefit of a significant 50% reduction in stamp duty for commercial properties purchased across regional Victoria.
Agents Stonebridge Property Group’s Kevin Tong and Rorey James said a new lease signed in December 2020 highlights the tenants confidence and commitment to the location.
“Standalone medical are rare and highly sought after by investors and have been over a long period of time and in many instances have produced very strong results,” Tong said.
“Daily needs tenants like medical centres with an exceptional track record of performance, add another level of tenancy and rental income security which is particularly attractive in uncertain times,” he added.
“We are not simply talking about a recession-proof income stream from a blue chip tenant, but a property which also offers exceptional development prospects down the track at the gateway to the Geelong CBD,” James said.
Located on the corner of Bacchus Marsh Road and Cox Road, the 6,700 sqm site with three street frontages is improved by freestanding 1,324 sqm (GLA) buildings including several purpose built medical buildings and has recently signed a new seven-year lease, with an annual rent of $430,000.
There are 74 car spaces on title and the benefit of additional car spaces on the strip. In addition, the medical clinic is being offered with three (3) adjoining residential houses all of which provide additional income and also future development opportunities.
Epping, NSW
A rare DA-approved child care development site in Sydney’s north west is going to market next week.
Currently a residential house site, the 1,349 sqm parcel has approval for a 50-place facility with potential for up to 60 places. The efficient design features re-use of the existing residence and no requirement for a basement.
The 25 Ray Road property has a 36 metre frontage and is within walking distance from the Epping town centre.
Knight Frank’s Demi Carigliano, Anthony Pirrottina and Grant Bulpett are marketing hte property, which goes to auction online at AuctionNow (Cooley’s) on 30th September.
