Australia’s Premium Commercial Property Magazine Edition 3, 2017 1 Contents Editorial ........................................... Page 3 Queensland .................................... Page 4 New South Wales ......................... Page 11 Australian Capital Territory ........ Page 25 South Australia ............................ Page 27 Tasmania ...................................... Page 28 More people, more places Western Australia ......................... Page 29 Northern Territory ....................... Page 30 Partner with Australia’s most iconic real estate brand. LJ Hooker Commercial NSW LJ Hooker Commercial NT Bankstown Ph: 02 9790 1111 Darwin Ph: 08 8924 0977 Blacktown Ph: 02 9622 8111 LJ Hooker Commercial SA Canterbury Ph: 02 9569 8000 Adelaide Ph: 08 8232 8844 Central Coast Ph: 02 4353 7700 LJ Hooker Commercial TAS Coffs Harbour Ph: 02 6651 6711 Hobart Ph: 03 6238 4800 Inner West Ph: 02 9181 5533 Macarthur Ph: 02 4620 6111 LJ Hooker Commercial WA Macquarie Park | Ph: 02 9476 5222 Perth Ph: 08 9220 2200 Hornsby LJ Hooker Business Broking North Sydney Ph: 02 8354 1180 Sydney Central Ph: 02 9552 1111 North West Ph: 02 8814 1588 LJ Hooker Commercial Parramatta Ph: 02 9687 5588 International Penrith Ph: 02 4731 3399 New Zealand Silverwater Ph: 02 9748 4448 LJ Hooker International South Sydney Ph: 02 9669 4402 China St George Ph: 02 9588 6999 Hong Kong Sutherland Shire Ph: 02 9525 9300 Indonesia Sydney Ph: 02 8354 1180 Papua New Guinea Sydney City Fringe Ph: 02 8595 1899 Vanuatu Tamworth Ph: 02 6766 6400 LJ Hooker Commercial ACT Canberra Ph: 02 6248 7411 LJ Hooker Commercial QLD Brisbane Ph: 07 3115 7128 Brisbane North Ph: 07 3146 5400 Gold Coast Ph: 07 5592 0555 Toowoomba Ph: 07 4688 2266 Listings drop while interest grows Industrial property sales plunged 19% last financial year as the sector’s listings shrunk. In response, LJ Hooker Commercial’s agents heightened their off-market tactics to secure deals on behalf of domestic and offshore institutional buyers, private investors “Now we have too many buyers and not “There’s not a lot of land and it’s tightly and developers, whose enough stock. We’re going to owners of held, so to progress further you have to existing properties and tenants of expired think outside the box when approaching appetite for industrial assets leases and saying, ‘extend your lease owners who occupy a site,” he said. has risen. or vacate because people want to buy the property’.” “We’re approaching owners and tenants and asking ‘would you consider a sale LJ Hooker’s Head of Commercial, Mr Reardon said a lot of people were and lease back?’’ Or ‘would you move to Mathew Tiller, said sector sales declined unaware of the asset’s value as the a different site as your business doesn’t from $5.8 billion in 2015-16 to around shortage of transactions limited the need to be in this location anymore?’” $4.7bn in 2016-17. opportunities to compare like-for- like properties. Mr McHugh said some owners who “That’s not a sign that industrial is out of bought industrial property decades ago favour – quite the opposite,” he said. Additionally, he said owners were seeing no longer need the size or location of their properties sell for at least 40 per their site and would do better to sell and “Listings in the industrial sector have cent above expectations because of the buy cheaper properties in areas that are simply shrunk. But landlords and owner- high demand. further out. occupiers, who have tested the market with our network, have benefited from “We are seeing the knock down of older Fellow LJ Hooker Commercial Perth a swelling database of buyers wanting properties in areas like St Marys and industrial specialist Richard Parry said: to expand their interests in the sector. Kingswood where land values are “Investor demand is strong with few Industrial is undergoing a resurgence, surpassing what the improvements vendors prepared to sell their securely especially in warehousing, with the likes are worth. Their buildings have had leased assets. of global giants Amazon capitalising on their life and it’s time to move on,” “We are seeing more off market Australia’s love-affair with online retail. Mr Reardon said. transactions- good agents are sourcing “Industrial stock levels are currently at Colm McHugh, Director of Industrial, assets for institutional clients who are historical lows. We have no doubt that LJ Hooker Commercial Perth, said happy to retain the agent.” there is the readiness in the marketplace that like Sydney, Perth too is exploring Mr Tiller said that owners needed to keep to absorb more listings and drive alternate opportunities for their clients. up-to-date with the latest trends and what values higher.” “In Perth, traditional industrial areas is happening in and around the areas Across Australia, industrial landlords and are still suffering a lack of larger stock where their assets are located owner-occupiers can capitalise on the in the market that bigger owners are “From tenants and buyers to rezoning, market’s under-supply. seeking. Investment wise, large industrial properties are still very tightly held and new legislation and regulations - there LJ Hooker Commercial Penrith’s Dave long leased industrial investments are is a lot that can change year-on-year, Reardon echoed Mr Tiller’s assessment contested quite well, it’s a strong market.” so on-the ground advice from an on the shortage of listings. experienced, local commercial real estate Mr McHugh said there were still several specialist is invaluable.” “If we go back five years, we had plenty developers searching for multi-hectare of stock and it was much easier,” Mr land in prime industrial areas. Reardon said. If you want your asset exposed to a nation-wide network of buyers and investors, 3 talk to LJ Hooker Commercial or visit ljhcommercial.com.au. For Lease Heathwood 80,96,101,102 Stradbroke Street Brisbanes Best Located Warehouses D Areas Available from 1000m² to 3001m² D Brisbane´s best access to South East Queensland D 30 Minutes to All Major Brisbane Business Districts (CBD, Port and Airport) D 45 Minutes to Gold Coast and Northern NSW. ljhcommercial.com.au/TVXGCF D 1 Hr 15 to Toowoomba Motivated Landlords looking to work with long term leasing partners D Food Processing Strategic location with all uses approved: D Warehousing Chris Stewart 0451 948 001 D Logistics D Manufacturing [email protected] D Transport Ben Armstrong 0403 054 845 [email protected] ljhcommercial.com.au LJ Hooker Commercial Brisbane 6/3370 Pacific Highway, Springwood QLD 4127 p (07) 3115 7128 f (07) 3115 7188 4 e [email protected] All information contained herein is gathered from sources we consider to be reliable. However, we cannot guarantee or give any warranty about the information provided. Interested parties must solely rely on their own enquiries. For Sale West End 107 - 117 Jane Street West End Development Opportunity With Ultimate Flexibility For Sale CONTACT AGENT FOR PRICE LJ Hooker Commercial Brisbane North, on behalf of Opportunities to secure such a strategic asset on Building Area 2,264m² approx the sellers, are pleased to present to the open the doorstep of the CBD are becoming increasingly market 107-117 Jane Street. This highly sought rare in today´s highly competitive market. Site Area 2,835m² approx after West End commercial site offers great potential; whether you choose to develop, land To arrange an inspection please contact the bank, or take advantage of this exceptional exclusive agents today. location. This area has become extremely sought after due to For more information please visit http:// its proximity to key service amenities and highly janestreetwestend.com.au/ Wes Woodroffe 0424 966 841 acclaimed dining and entertainment precincts. This [email protected] is one of the largest sites now available in inner city Brett Greensill 0410 506 695 Brisbane. [email protected] 5 Auction Broadbeach 6/20 Queensland Ave Prime Real Estate Investment Opportunity - Broadbeach Auction 11:00am 6th September 2017 Harcourts Coastal Office - 16 Queensland Lot 6 “Sonata” 20 Queensland Avenue, Broadbeach is an outstanding opportunity to secure a prime retail Ave, Broadbeach investment in the heart of popular Broadbeach. With limited freehold positions available in this highly sought after location this is an opportunity not to be missed. D Situated in the very popular Broadbeach dining and entertainment area D High profile location with exposure to high volume road and pedestrian traffic D Leased by award winning Yellow Fin Restaurant, a long standing business in this location D Current net income of $87,300* per annum Approx after outgoings as at August 2017 Anna Tooma 0411 311 500 D Fixed increases of 5% [email protected] D 5 year lease term with 2 further options of 5 years D 96m2* GLAR plus an additional alfresco trading area of approximately 27m2* Rob Lamb 0405 608 601 [email protected] Auction Broadbeach 3,4,5/20 Queensland Ave Coverted Retail Trophy Investment - Broadbeach Auction 11:00am 6th September 2017 Harcourts Coastal Office - 16 Queensland Situated in one of the Gold Coasts most desirable and iconic beachside locations, this commanding corner Ave, Broadbeach retail position is the ultimate trophy asset. Lots 3,4 and 5, “ Sonata “ 20 Queensland Avenue, Broadbeach is offered for sale by way of Public Auction and represents a unique opportunity for the astute investor to secure a highly sought after retail investment in the tightly held premier restaurant precinct on the Gold Coast. D Situated