Investment Portfolio Auction 112 - Sales Leasing Valuations Management - Burgess Rawson
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Sales Leasing Valuations Management Investment Portfolio Auction 112 Melbourne May 2017 burgessrawson.com.au/portfolio-auctions 03 9613 0400
Burgess Rawson Melbourne Specialists in Real Estate Investment Sales Our Sales, Leasing, Property Management, Valuation and Advisory services fulfill the complete and ongoing needs of our clients. Burgess Rawson has a network of offices throughout Australia and extensive regional partnerships with local property specialists, Raoul Holderhead Jamie Perlinger Shaun Venables Graeme Watson giving unmatched depth and reach in all commercial property market sectors. At every stage of ownership, our clients benefit from our specialist knowledge, experience, market insights and advice. Our strong market position, plus our targeted and effective marketing campaigns through a highly qualified database, generates maximum exposure for properties. Burgess Rawson’s iconic Portfolio Auctions are held in Melbourne Adam Thomas Natalie Couper Scott Meighan David Mark and Sydney bringing together a diverse range of national commercial and investment grade properties. Our renowned auction program, together with a large pool of eager, qualified investors continues to generate premium results. With eight, two day Investment Portfolio Auction events held each year, Burgess Rawson are the leaders in the selling of quality property investments. Thinking of selling your property, call us today on 03 9613 0400. Nick Breheny Doug Doyle Alex Shum 岑家偉 Rick Silberman
Melbourne Auction Sydney Auction 11am Wednesday 17 May 2017 11am Tuesday 16 May 2017 Tenant Location Income pa Pages Tenant Location Income pa Pages Woolworths Maryborough QLD $776,674 5 Coles, Target Country & Liquorland Narrabri NSW $797,990 27 NAB Mackay QLD $426,875 6 Westpac Burwood NSW $553,443 28 BP Service Station Rockhampton QLD $357,341 7 United Petroleum Wyong NSW $260,000 * Childcare Centre Frankston North VIC $317,825 8 Childcare Centre Kensington NSW $243,304 * Autobarn/Greencross Vets Redbank Plains QLD $291,039 9 Childcare Centre South Coogee NSW $197,121 * Post Office Shopping Centre Mareeba QLD $289,346 10 Childcare Centre Vaucluse NSW $156,410 * Childcare Centre Lalor VIC $284,586 11 United Petroleum The Basin VIC $250,000 * Childcare Centre Maroubra NSW $130,341 * United Petroleum Launceston TAS $240,000 * Childcare Centre Chifley NSW $130,341 * Childcare Centre Brookefield VIC $237,600 12 Subway Noosa Heads QLD $73,116 29 Childcare Centre Deer Park VIC $216,369 13 Woolworths Caltex Marian (Mackay) QLD $59,331 30 Childcare Centre Maiden Gully (Bendigo) VIC $200,100 14 Apartment Block Palm Beach QLD $160,000 15 Childcare Centre Springvale VIC $154,198 16 Childcare Centre Kilmore VIC $114,400 16 Childcare Centre Wodonga VIC $97,344 16 On-Site Auction Red Rooster Wodonga VIC $136,669 18 2:30pm Thursday 18 May 2017 Red Rooster Shailer Park QLD $135,694 19 Foodworks Paynesville VIC $110,297 20 Tenant Location Income pa Pages Retail Office Building St Kilda VIC $67,335 21 Retail Elsternwick VIC N/A 31 Games World Launceston TAS $67,000 22 Office Building Ararat VIC $59,364 23 Development Opportunity Coolangatta QLD $35,000 24 Interstate and local bidding by prior arrangement *Separate publication accompanying this edition
Three Premier Service Station Investments New 15 and 20 Year Triple Net Leases Portfolio Highlights • Brand new 15 and 20 year leases plus options • Guaranteed rental growth with fixed 3.5% increases annually • United Petroleum: The largest independent fuel retailer in Australia • Rare triple Net lease terms with the tenant responsible for all usual outgoings, structural works, underground repairs and remediation • Incomes from $240,000 pa to $260,000 pa Melbourne Auction: The Basin (Melbourne) VIC 1202-1204 Mountain Highway Launceston TAS 129 Invermay Road The Basin VIC Sydney Auction: Wyong (Central Coast) NSW 359 Pacific Highway To be sold individually Auction 11am AEST Wednesday 17 May 2017 River Room, Crown Casino, Melbourne Auction 11am AEST Tuesday 16 May 2017 Doltone House Hyde Park, 181 Elizabeth St, Sydney Jamie Perlinger 0413 860 315 jperlinger@burgessrawson.com.au Wyong NSW Launceston TAS Scott Meighan 0413 830 709 smeighan@burgessrawson.com.au
Freestanding Woolworths Supermarket – Dominant Trader Secure 20 Year Lease to 2033 – Recent $12m Refurbishment Maryborough QLD 280-294 Adelaide Street (corner Sussex Street) • Secure 20 year lease to 2033, plus 3 options of 10 years through to 2063 • Woolworths: Australia’s largest retailer, Market Cap $34b (April 2017) • Impressive trading performance – percentage rent imminent • Immaculate 4,105 sqm store, substantial $12 million refurbishment in 2013 • Significant 6,852 sqm CBD corner site, with dual frontage of 173 metres • Important 149 on-site car spaces (102 undercover) plus seamless integration to 150+ car spaces on adjoining Council car park • Substantial taxation saving depreciation • Maryborough: thriving regional city 250km north of Brisbane, trade catchment circa 35,000 • Rent: $776,674 pa Auction 11am AEST Wednesday 17 May 2017 River Room, Crown Casino, Melbourne Pat Kelly 0412 244 456 pkelly@burgessrawson.com.au Raoul Holderhead 0413 860 304 rholderhead@burgessrawson.com.au Boundaries are indicative only All areas and figures approx only. All precaution has been taken to establish the accuracy of the above information but does not constitute any representation by the Vendor or Agents. The Retail Leases Act 2003 may apply. 5
High Profile CBD Building Leased to NAB: ASX Top 10 Tenant in Occupation for Over 30 Years Mackay QLD 69 Victoria Street (corner Sydney Street) • Renewed lease from October 2017 with options to 2023 • National Australia Bank: ASX Top 10 company • Modern high profile 1,610 sqm freehold building strategically positioned within bustling financial and banking precinct • Key CBD intersection • Large 1,272 sqm corner freehold site with 73 metre dual street frontage • Attractive 3% annual rental increases • Opportunity of future rental growth • Mackay: fast growing commercial centre underpinned by agriculture, mining, tourism and the Sugar Capital of Australia. Population 120,000+ • Net rent: $426,875 pa (plus GST) High Yield Anticipated Auction 11am AEST Wednesday 17 May 2017 River Room, Crown Casino, Melbourne Glenn Conridge 0413 873 337 gconridge@burgessrawson.com.au Shaun Venables 0411 860 865 svenables@burgessrawson.com.au All areas and figures approx only. All precaution has been taken to establish the accuracy of the above information 6 but does not constitute any representation by the Vendor or Agents. The Retail Leases Act 2003 may apply.
Outstanding Location – Proven Performer Renewed 10 Year Lease to BP Australia Pty Ltd CBD Rockhampton QLD 437 Yaamba Road corner Richardson Road (Bruce Highway) Red Hill Bru Homemaker Centre ce • Brand New 10 year lease to April 2027 plus options to 2037 Hw y • Leased to BP Australia, Global Petroleum Giant – occupied since 2005 • Annual increases 3% or CPI whichever the greater • Rent cannot decrease at options • All outgoings paid by tenant (excluding Land Tax) Mackay • BP responsible for Tank/Line Maintenance and repair • Prime 1,102 sqm retail corner with dual frontage totalling 65 metres • Over 26,000 vehicles passing daily • Surrounded by national tenants including Bunnings, Australia Post, Repco and adjacent to major Harvey Norman anchored homemaker centre • Rockhampton: administrative and commercial centre of central Queensland & the beef capital of Australia, growing population 100,000 plus • Net Income: $357,341 pa Auction 11am AEST Wednesday 17 May 2017 River Room, Crown Casino, Melbourne Jamie Dewe 0410 350 273 jdewe@burgessrawson.com.au Raoul Holderhead 0413 860 304 rholderhead@burgessrawson.com.au All areas and figures approx only. All precaution has been taken to establish the accuracy of the above information but does not constitute any representation by the Vendor or Agents. The Retail Leases Act 2003 may apply. 7
New 15 + 10 + 10 Year Lease to 2051 Highly Regarded National Childcare Provider Frankston North VIC 14 Alpina Street (corner Brunning Crescent) • New 15 year lease to Amiga Montessori to 2031 • Two generous 10 year options to 2051 • Amiga Montessori: highly experienced and successful early education provider with 15 centres currently and growing • New 759 sqm facility, licensed for 138 places • Prominent 3,126 sqm corner site with 30 car spaces • Fixed 3% annual rent increases / Tenant pays all usual outgoings • Strategically positioned adjoining new residential development, located 250 metres from Aldercourt Primary School and 700 metres from the junction with Frankston-Dandenong Road • Frankston City: located 40km south from Melbourne’s CBD and the gateway to the Mornington Peninsula • Net income: $317,825 pa + GST Auction 11am AEST Wednesday 17 May 2017 River Room, Crown Casino, Melbourne Adam Thomas 0418 998 971 athomas@burgessrawson.com.au Natalie Couper 0413 856 983 ncouper@burgessrawson.com.au All areas and figures approx only. All precaution has been taken to establish the accuracy of the above information 8 but does not constitute any representation by the Vendor or Agents. The Retail Leases Act 2003 may apply.
Prime Retail Freehold in Growth Location Two National Retail Giants – ASX Listed Redbank Plains (Brisbane) QLD Town Square 346 Redbank Plains Road Shopping Centre • Building A: Leased to Autobarn to 2021 plus 5 year option to 2026 7 Eleven – Versatile 798 sqm building completed June 2016 – Significant 7 Eleven depreciation benefits available McDonald’s 43m Foodworks Dan Murphys – Autobarn: Automotive retailer with over 115 stores nationally B • Building B: Leased to June 2018 plus 5 year option to 2023 A – Trading as vet clinic for 27 years, Greencross occupied since 2008 – Building area: 586 sqm Subway – Greencross Limited: 115 vet clinics, 230+ pet care retail stores (Petbarn) • Prime retail position adjoining McDonald’s, opposite 7/11, Dan Murphy’s and metres to Town Square Redbank Plains SC – anchored by Aldi, Coles, Woolworths & Target plus 70 specialty retailers Boundaries are indicative only • Strategic 3,306 sqm site with 43m frontage to high traffic arterial • Redbank Plains: growth corridor close to booming Springfield district – 30km to Brisbane CBD • Net Income: $291,039 pa (June 2017) Auction 11am AEST Wednesday 17 May 2017 River Room, Crown Casino, Melbourne David Ingram 0403 464 621 dingram@burgessrawson.com.au Scott Meighan 0413 830 709 smeighan@burgessrawson.com.au All areas and figures approx only. All precaution has been taken to establish the accuracy of the above information but does not constitute any representation by the Vendor or Agents. The Retail Leases Act 2003 may apply. 9
Australia Post Anchored Shopping Centre High Yielding Investment – Fully Leased Mareeba QLD 90-94 Byrnes Street and Railway Avenue • Mixed retail convenience centre with 14 separate shops • Proven retail mix including Australia Post, Bendigo Bank, Medical, QLD Government, fashion and food outlets • Several long term tenancies inc Australia Post – in occupation since1997 • Prominent 2,662 sqm site with abundant off-street council parking and triple street frontage totalling 148 metres • Excellent exposure, located in the busy town centre amongst cinemas, train station, KFC, Coles Express and NAB • Mareeba: located 60 kilometres west of Cairns CBD. One of the fastest growing agricultural regions in Queensland with total value production at $550 million. Population over 20,000 • Net Income: $289,346 pa Auction 11am AEST Wednesday 17 May 2017 River Room, Crown Casino, Melbourne Pat Kelly Steve Cordenos 0412 244 456 0418 774 994 Raoul Holderhead 0413 860 304 All areas and figures approx only. All precaution has been taken to establish the accuracy of the above information 10 but does not constitute any representation by the Vendor or Agents. The Retail Leases Act 2003 may apply.
New 20 + 10 + 10 Year Lease to 2056 Impressive Childcare Investment Managed by Lalor VIC 415 High Street (corner Duncan Road) • New 20 + 10 + 10 year lease to 2056 • Managed by Think Childcare Ltd: ASX listed early education provider with 50 owned and managed centres • Extensively refurbished facility, licensed for 91 places Hi • Long established centre with recent $550,000 upgrade including gh St quality hardwood flooring and external play scapes re e • Tenant paying all usual outgoings t • High profile 1,528 sqm corner site with over 77 metre street frontage ad Ro • Situated within complimentary educational precinct including Peter Lalor an College, International School and specialist education facilities nc Du Boundaries are indicative only • Prominent main road position, 150 metres from Lalor train station and 700 metres from both Coles and Woolworths • Strategic capital growth location within Melbourne’s established and evolving northern suburbs and only 18km from the CBD • Attractive taxation depreciation benefits • Net Income: $284,586 pa Auction 11am AEST Wednesday 17 May 2017 River Room, Crown Casino, Melbourne Adam Thomas 0418 998 971 Natalie Couper 0413 856 983 athomas@burgessrawson.com.au ncouper@burgessrawson.com.au All areas and figures approx only. All precaution has been taken to establish the accuracy of the above information but does not constitute any representation by the Vendor or Agents. The Retail Leases Act 2003 may apply. 11
Highly Sought After Childcare Investment 10 Year Lease + Options to 2045 Brookfield (Melton) VIC 33 James Melrose Drive • Secure 10 year lease to Eclipse to 2025 • Two further 10 year options to 2045 • Eclipse Early Education: highly successful childcare provider with 11 centres currently in operation along with a further 11 facilities scheduled to open in 2017 • Attractive 3% fixed annual rental increases • As new 859 sqm purpose-built facility, licensed for 96 LDC places • Tenant pays all usual outgoings • Prominent 2,895 sqm site only 600 metres from Melton Railway Station and 2km from the Woodgrove Shopping Centre (Aldi, Coles, Woolworths and 160+ specialties) • Melton: high-growth and established location only 35km north-west from Melbourne’s CBD • Net Income: $237,600 pa + GST Auction 11am AEST Wednesday 17 May 2017 River Room, Crown Casino, Melbourne Adam Thomas 0418 998 971 athomas@burgessrawson.com.au Natalie Couper 0413 856 983 ncouper@burgessrawson.com.au All areas and figures approx only. All precaution has been taken to establish the accuracy of the above information 12 but does not constitute any representation by the Vendor or Agents. The Retail Leases Act 2003 may apply.
Outstanding Childcare Investment 10 Year Lease to G8 Education – Fixed 4% Rental Increases Deer Park VIC 79 Foleys Road • Secure 10 year lease to G8 Education 2022 • Two further 10 year options to 2042 • G8 Education Ltd: largest ASX listed early education provider with over 480 centres nationally and a market cap of $1.48 billion • Highly desirable 4% annual rental increases • Modern 613 sqm purpose-built facility licensed for 90 LDC places • Tenant pays all usual outgoings • Prominent 2,272 sqm main road site only 650 metres from the Coles anchored Derrimut Village Shopping Centre and 750 metres from Deer Park Railway Station Boundaries are indicative only • Strategic high-growth location with Melbourne’s booming western growth corridor and only 17km from the CBD • Net Income: $216,369 pa + GST (July 2017) Auction 11am AEST Wednesday 17 May 2017 River Room, Crown Casino, Melbourne Adam Thomas 0418 998 971 athomas@burgessrawson.com.au Natalie Couper 0413 856 983 ncouper@burgessrawson.com.au All areas and figures approx only. All precaution has been taken to establish the accuracy of the above information but does not constitute any representation by the Vendor or Agents. The Retail Leases Act 2003 may apply. 13
New 20 + 10 + 10 Year Lease to 2057 Strong Trading Childcare Investment Maiden Gully Primary School Maiden Gully (Bendigo) VIC 26 Glenelg Drive • New 20 year lease to Jenny’s Early Learning to 2037 • Two generous 10 year options to 2057 • Jenny’s ELC: highly regarded and successful early education provider with four locations in Bendigo • Long established & strong trading facility currently trading at 97% occupancy • Fixed 3% annual rental increases/Tenant pays all usual outgoings • High quality double-brick facility constructed in 2008 and licensed for 87 places • Substantial 2,329 sqm site with over 69 metre street frontage • City of Greater Bendigo: current population of over 114,000 and forecast Boundaries are indicative only to grow to over 134,000 (18.7% increase) by 2026. Source ABS • Net Income: $200,100 pa Auction 11am AEST Wednesday 17 May 2017 River Room, Crown Casino, Melbourne Adam Thomas 0418 998 971 athomas@burgessrawson.com.au Natalie Couper 0413 856 983 ncouper@burgessrawson.com.au All areas and figures approx only. All precaution has been taken to establish the accuracy of the above information 14 but does not constitute any representation by the Vendor or Agents. The Retail Leases Act 2003 may apply.
Freehold Block of 6 Modern Apartments Irreplaceable Beachfront Position on The Gold Coast Palm Beach (Gold Coast) QLD 418 The Esplanade • Stylish design complex of 6 apartments on prized north-east corner site with absolute frontage to the beach and white sand (no road in front) • Arguably Australia’s number one beachfront destination • Large 817 sqm corner site with prized 22 metre beach frontage • Huge re-development potential for multilevel apartment or resort development (STCA) • 2 x 3 bed plus 3 x 2 bed and 1 x 1 bed apartment with in-ground pool G ol • Built over 4 levels with basement parking for 9 vehicles d C • All apartments have balconies with spectacular 180 degree views oa st of the Ocean & Pacific coastal panorama H w • Current Net Income: $160,000 pa y Auction 11am AEST Wednesday 17 May 2017 River Room, Crown Casino, Melbourne Shaun Venables 0411 860 865 Glenn Conridge 0413 873 337 svenables@burgessrawson.com.au gconridge@burgessrawson.com.au Nick Breheny 0408 155 587 Pat Kelly 0412 244 456 nbreheny@burgessrawson.com.au pkelly@burgessrawson.com.au Boundaries are indicative only All areas and figures approx only. All precaution has been taken to establish the accuracy of the above information but does not constitute any representation by the Vendor or Agents. The Retail Leases Act 2003 may apply. 15
Three Highly Desirable Childcare Investments Net Leases to G8 Education – 4% pa Rent Increases Property Highlights • Secure 10 and 15 year leases plus options to G8 Education Limited • G8 Education Ltd: largest ASX listed early education provider with over 480 centres nationally and a market cap of $1.48 billion • Highly desirable 4% annual rental increases plus ‘ratchet’ provisions (i.e. rent cannot reduce) at market review, ensuring guaranteed rental growth • Tenant pays all usual outgoings including management fees • Long established and proven businesses acquired and recently upgraded by G8 Education • Easily managed, single tenanted investments Wodonga VIC To be sold individually Auction 11am AEST Wednesday 17 May 2017 River Room, Crown Casino, Melbourne Adam Thomas 0418 998 971 athomas@burgessrawson.com.au Natalie Couper 0413 856 983 ncouper@burgessrawson.com.au 16 Springvale VIC Kilmore VIC All areas and figures approx only. All precaution has been taken to establish the accuracy of the above information but does not constitute any representation by the Vendor or Agents. The Retail Leases Act 2003 may apply.
Kilmore VIC Springvale VIC Wodonga VIC 15-19 White Street (corner Piper Street) 20 Clive Street 412 Lawrence Street • Long 15 year lease to G8 Education to 2031 • Secure 10 year lease to G8 Education to 2024 • Long 15 year lease to G8 Education to 2029 • Fixed 4% annual rental increases plus ‘ratchet’ provisions • Min 4% annual rental increases plus ‘ratchet’ provisions • Fixed 4% annual rental increases plus ‘ratchet’ provisions • Three further 5 year options to 2046 • Four further 5 year options to 2034 • Four further 5 year options to 2049 • Well maintained facility licensed for 60 places • Well presented facility licensed for 58 places • Recently renovated facility, licensed for 47 places • Substantial 2,540 sqm corner site opposite Kilmore • Desirable 961 sqm site within established residential • Prominent 1,763 sqm site, 1km from the Coles anchored Leisure Centre and 450 metres from both Kilmore and precinct, 200 metres from Centre Road and only Birralee Village Shopping Centre and 2.5km from St Patrick’s Primary Schools 550 metres from the Princes Hwy/Springvale Rd junction Wodonga’s commercial centre • Net income: $114,400 pa + GST • Net income: $154,198 pa + GST • Net income: $97,344 pa + GST 17
Trophy Fast Food Investment Major Corner Site with 21,000+ Vehicles Passing Daily Wodonga CBD Mann Central Coles, Kmart plus Specialties Wodonga VIC 62-64 High Street (corner Murray Valley Highway) • Renewed 10 year lease to 2024 – No options • Lessee: Red Rooster Foods Pty Ltd owned by Quick Service Restaurant Holdings with 560 restaurant and servicing 150,000 customers daily t • Tenant in occupation since 1994 with strong trading history hS Hig • Annual CPI reviews - Lessee pays all usual outgoings • Modern building with drive-thru facility and a major tenant store refurbishment in 2014 • Strategic 3,049 sqm corner site with dual street frontage and exposure m Mu totalling 110 metres 60 rray Vall 50m • Prime position on the main thoroughfare linking Albury & Wodonga plus eyH wy Hume Highway with approximately 21,000 vehicles passing daily Boundaries are indicative only • Albury / Wodonga: booming regional twin cities with a trade catchment of over 196,000 people, only 3.5 hours from Melbourne • Rent: $136,669 pa + GST (as at May 2017 assume CPI 1.3%) Auction 11am AEST Wednesday 17 May 2017 River Room, Crown Casino, Melbourne David Ingram 0403 464 621 dingram@burgessrawson.com.au Jamie Perlinger 0413 860 315 jperlinger@burgessrawson.com.au All areas and figures approx only. All precaution has been taken to establish the accuracy of the above information 18 but does not constitute any representation by the Vendor or Agents. The Retail Leases Act 2003 may apply.
‘Its Gotta Be Red’ – Or Absolute Gold! Trophy Metro Investment – Established 25 Years Brisbane 27km Pa Shailer Park (Brisbane) QLD cifi Bunnings c 4/2 Leda Drive M Hyperdome ot or HJ’s Shopping Centre • Secure 10 year lease to 2023 plus options through to 2033 w ay Myer, Coles, Woolworths, • Corporate lease in place to Red Rooster Foods Pty Ltd 11 5, Caltex Big W, AMF Bowling • Red Rooster leading retailer part of QSR Holdings with 560 stores nationally 00 0 4200 Car Spaces • Annual rent reviews Ve hic Le le da • Lessee pays usual outgoings excluding Land Tax s Dr Pa ive • 1,789 sqm site with exposure to M1 Pacific Motorway – 115,000 vehicles ss in passing daily g D • Recently upgraded 220 sqm building with busy drive thru facility ai Westpac ly • Gateway location to the QIC’s Hyperdome Shopping Centre – Gold Coast 50km Myer, Coles, Woolworths, Aldi, AMF Bowling, McDonald’s Cinemas etc Officeworks • Central between Bunnings (opening mid 2017), Caltex & Hungry Jacks • Shailer Park: established metropolitan Brisbane 27kms south of CBD • Net Income: $135,694 pa (estimated – July 2017 – CPI adjustment) Supercheap Auto Bunnings Lincraft Auction 11am AEST Wednesday 17 May 2017 Hungry Jack’s River Room, Crown Casino, Melbourne Jamie Dewe 0410 350 273 Le jdewe@burgessrawson.com.au da Raoul Holderhead 0413 860 304 Dr rholderhead@burgessrawson.com.au ive Boundaries are indicative only All areas and figures approx only. All precaution has been taken to establish the accuracy of the above information but does not constitute any representation by the Vendor or Agents. The Retail Leases Act 2003 may apply. 19
Rare Affordable Supermarket Freehold Premium Waterfront Location Paynesville VIC 71 The Esplanade & Fleischer Street • Secure 5 year lease to October 2020, plus options to 2035 • Lessee pays all usual outgoings as per the lease • Substantial 1,322 sqm Commercial 1 site with dual frontage of 26 metres • Modern 1,044 sqm building including liquor, deli, ATM • Prime waterfront location opposite popular tourist Marina, Ferry, Fisherman’s Wharf etc • Central amongst Banks, Pharmacy, Bakery, Newsagent and Hotel • Potential long term redevelopment – retail and apartments STCA • Foodworks: Australia’s largest truly independent supermarket group supporting $2 billion in annual sales throughout 650 stores • Paynesville / Metung: Gippsland Lakes tourist mecca on Lake Victoria with local trade catchment circa 6,000, plus significant year round holiday influx • Rent: $110,297 pa Raymond Island Auction 11am AEST Wednesday 17 May 2017 Gippsland Lakes River Room, Crown Casino, Melbourne Yacht Club Marina ade Es plan The Community Centre Fle Alex Shum 岑家偉 Matt Baylis Hotel isc 0413 839 898 0439 633 312 he rS Rick Silberman t 0413 830 707 Boundaries are indicative only All areas and figures approx only. All precaution has been taken to establish the accuracy of the above information 20 but does not constitute any representation by the Vendor or Agents. The Retail Leases Act 2003 may apply.
Rarely Offered 3 Level St Kilda Freehold Superb Location, Significant Underlying Land Value St Kilda (Melbourne) VIC Melbourne CBD 6km 29 Carlisle Street • Longstanding tenant – in St Kilda for 40+ years • 3 year lease to October 2019 plus options to October 2025 Melbourne Grand Prix Circuit • Tenants pay all usual outgoings ade Albert Park Lake splan • Annual CPI rent reviews, market review at options Palais Theatre TheE • Completely rebuilt 3 level building of 212 sqm including 71 sqm of retail Luna Park • Air conditioned throughout and full amenities across all floors • 3 titles provide future opportunity and flexibility • Potential residential conversion over upper levels (STCA) Woolworths National Theatre • High profile location directly opposite the National Theatre St l a nd • Premium Commercial 1 zoned site with dual access via Belford Street Ac Coles Supermarket • Multiple income sources providing further investment security ly St Bark • St Kilda: High population density suburb, 6km south east of Ca Botanical Gardens rlis Melbourne CBD. Significant land value - median house price le St $1.27m (excellent capital growth history) St Kilda 150m • Rent: $67,335 pa Auction 11am AEST Wednesday 17 May 2017 River Room, Crown Casino, Melbourne Doug Doyle 0413 839 696 Rick Silberman 0413 830 707 ddoyle@burgessrawson.com.au rsilberman@burgessrawson.com.au Nick Breheny 0408 155 587 nbreheny@burgessrawson.com.au Boundaries are indicative only All areas and figures approx only. All precaution has been taken to establish the accuracy of the above information but does not constitute any representation by the Vendor or Agents. The Retail Leases Act 2003 may apply. 21
Quality CBD Retail Asset – Brand New 5 Year Lease The Perfect Entry Level Investment Launceston CBD TAS Shop 1, 111-113 St John Street • Brand new 5 year lease to March 2022 plus options to March 2032 • Games World: Australia’s largest range of Jigsaws, Die-cast and games, now with 17 stores nationally • Fixed 3% annual rent increases • Substantial retail shop of 261 sqm with brand new fit-out and 8.4 metre retail frontage and rear lane access via Dell Lane • Prime position within Launceston’s retail heart next to thriving Hudsons Coffee and in close proximity to Radio Rentals, Suzanne Grae and metres to busy Launceston Mall • Launceston: Tasmania’s largest northern city with a growing trade catchment over 140,000 people Boundaries are indicative only Suits $850k plus buyers • Rent: $67,000 pa Auction 11am AEST Wednesday 17 May 2017 River Room, Crown Casino, Melbourne Doug Doyle Blake Shepherd 0413 839 696 0417 820 820 Shaun Venables Ian Singline 0411 860 865 0419 820 820 All areas and figures approx only. All precaution has been taken to establish the accuracy of the above information 22 but does not constitute any representation by the Vendor or Agents. The Retail Leases Act 2003 may apply.
Highly Affordable High Yielding Commercial Investment Entry Level Opportunity, Suit Circa $600,000 Buyers Ararat VIC 3 Ligar Street (corner Barkly Street) • Three classic tenants, three income sources, three separate titles • Leased to well known and long established enterprises • Renewed 5+5 and 3+3+3 year leases with annual CPI and fixed 3% rent increases • Gateway entry to the commercial centre of Ararat • Main road corner site of 952.24 sqm with over 50.31 metres of street frontage • Modernised building office complex of 713 sqm with on-site and kerbside parking • Rent: $59,364 pa plus GST Auction 11am AEST Wednesday 17 May 2017 CBD River Room, Crown Casino, Melbourne Doug Doyle Phil Clark 0413 839 696 0417 509 025 Graeme Watson 0419 717 171 Boundaries are indicative only All areas and figures approx only. All precaution has been taken to establish the accuracy of the above information but does not constitute any representation by the Vendor or Agents. The Retail Leases Act 2003 may apply. 23
Coolangatta Gold – Absolute Beachfront Position Rare “Kirra Beach” Development Opportunity Coolangatta (Gold Coast) QLD 2 Musgrave Street (corner Winston Street) Pa cifi • Once in a lifetime opportunity to acquire one of the last development cP opportunities on the Coolangatta, Kirra Beach strip de • Rare & sought after north facing 635 sqm corner site with 24.6m frontage • Zoned for multilevel residential re-development (STCA) • Existing modern 3 bedroom residence with double lock-up garage in Mus excellent condition provides holding income grav e St • Stylish open plan design with polished boards through-out reet • Opportunity for the ultimate holiday residence with massive et development upside Stre • 22.4 million annual visitor nights. The region attracts over 12 million n sto visitors and approximately 12,500 new residents each year, making it one of the fastest growing cities in Australia Win • Net Income: $35,000 pa Boundaries are indicative only Auction 11am AEST Wednesday 17 May 2017 River Room, Crown Casino, Melbourne Shaun Venables 0411 860 865 Glenn Conridge 0413 873 337 svenables@burgessrawson.com.au gconridge@burgessrawson.com.au Nick Breheny 0408 155 587 Pat Kelly 0412 244 456 nbreheny@burgessrawson.com.au pkelly@burgessrawson.com.au All areas and figures approx only. All precaution has been taken to establish the accuracy of the above information 24 but does not constitute any representation by the Vendor or Agents. The Retail Leases Act 2003 may apply.
Sydney Investment Portfolio Auction 6 Superb Opportunities Boundaries are indicative only New 7 Year Lease – Strong Commercial Asset Superb Sydney Medical Premises Renewed 5 Year Lease – Affordable Asset Avoca Beach (Central Coast) NSW Dee Why NSW Richmond NSW 3/162 Avoca Drive Ground Floor, 812 Pittwater Road 307-309 Windsor Street • 7 year lease to 2024 plus options to 2035, to LJ Hooker • 5 year lease to PRP Diagnostic Imaging expiring June 2020 • Leased to June 2022, tenant occupied since 1940 • Net Income: $72,000 pa + GST • Net Income: $211,054 pa + GST (1 July 2017) • Net Income: $116,715 pa + GST (as at June 2017) Auction 11am Tuesday 16 May, Sydney Auction 11am Tuesday 16 May, Sydney Auction 11am Tuesday 16 May, Sydney Michael Gilbert 0430 024 790 Rhys Parker 0451 101 042 Dean Venturato 0412 840 222 Simon Staddon 0413 640 851 Prime Service Station & Fast Food Dominant Supermarket Landmark Retail & Service Station Beresfield (Newcastle) NSW CALTEX West Wyalong NSW Woy Woy (Central Coast) NSW 19 Balook Drive (Cnr Weakleys Drive) 12-20 Barnado Street 79-83 Rawson Road • 10 year lease to August 2022 plus option to 2032 • Brand new 10 year lease ending 2027 plus options to 2052 • Securely leased to BP branded service station and Repco • Net Income: $380,189 pa + GST (August 2017) • Net Income: $450,000 pa + GST • Net Income: $188,351 pa + GST Auction 11am Tuesday 16 May, Sydney Auction 11am Tuesday 16 May, Sydney Auction 11am Tuesday 16 May, Sydney Kieran Bourke 0417 418 007 Dean Venturato 0412 840 222 Dean Venturato 0412 840 222 Rhys Parker 0451 101 042 Darren Beehag 0411 226 223
5 Exclusive Sydney Childcare Investments Highly Sought After Eastern Suburbs Locations Portfolio Highlights • Secure 10 year leases to 2024 and 2026 • Three further 10 year options • Annual rent increases with ‘ratchet’ provisions, ensuring guaranteed rental growth • Tenant pays all outgoings including management fees • Rarely available and premium Sydney locations Vaucluse NSW 5 Billong Avenue Net Income: $156,410 pa South Coogee NSW 158 Moverly Road Net Income: $197,121 pa Vaucluse NSW Kensington NSW 61 Milroy Avenue Net Income: $243,304 pa Maroubra NSW 91 Paine Street Net Income: $130,341 pa Chifley NSW 36 Burke Street Net Income: $130,341 pa To be sold individually Auction 11am AEST Tuesday 16 May 2017 Doltone House Hyde Park, 181 Elizabeth St, Sydney Adam Thomas 0418 998 971 Natalie Couper 0413 856 983 athomas@burgessrawson.com.au ncouper@burgessrawson.com.au South Coogee NSW Maroubra NSW Dean Venturato 0412 840 222 dventurato@burgessrawson.com.au
Strong Performing Coles Supermarket & Target 100% Leased to Wesfarmers Ltd Subsidiaries Narrabri NSW 154 Maitland Street • Modern Coles Supermarket (incl. Liquorland) and Target Country, divisions of Wesfarmers Limited (ASX Top 10 – market cap $51 billion) • Well established & successful Supermarket leased to July 2023 plus options and Target Country to June 2021 plus options • Excellent trade history with Coles currently paying t/o rental plus base which is due to continue • Coles base rental to increase in 2018 • Large 9,933 sqm CBD site, with substantial main street frontage of 66 m • Level on-site car park for 63 cars plus nearby on-street parking • Narrabri – strong agricultural economy and new major coal seam gas site with $3.62 billion investment imminent • Captive trade area – 160 km return trip to nearest major competitive town • Supermarket built 2008 – significant tax depreciation allowances • Net Income: $797,990 pa + GST Auction 11am Tuesday 16 May 2017 Doltone House Hyde Park, 181 Elizabeth Street, Sydney Darren Beehag 0411 226 223 dbeehag@burgessrawson.com.au Michael Gilbert 0430 024 790 mgilbert@burgessrawson.com.au All areas and figures approx only. All precaution has been taken to establish the accuracy of the above information but does not constitute any representation by the Vendor or Agents. The Retail Leases Act 2003 may apply. 27
Trophy Retail Investment with Future Development Upside Sydney’s Inner West – Westpac Lease to 2021 + Options Sydney CBD Burwood NSW 168 Burwood Road (Cnr Railway Parade) • Irreplaceable corner landholding in Sydney’s Inner West • 100% leased to Westpac on 10 year lease to 2021 + options to 2031 • Burwood’s busiest corner location immediately adjcaent to train station • 3 street frontages totaling 61.6 metres plus 4 on-site car spaces Westfields • B4 “Mixed Use” zoning allowing future redevelopment incl. residential (STCA) Burwood Train Station • Thriving inner western hub of Sydney with Council encouraging medium density residential development with relaxed FSR’s and surrounding 70 metre height limits (SCTA) • Attractive fixed 3% annual rental increases • Westpac pay all outgoings as per lease incl. land tax • Net Income: $553,443 pa + GST Auction 11am Tuesday 16 May 2017 Doltone House Hyde Park, 181 Elizabeth Street, Sydney Simon Staddon 0413 640 851 sstaddon@burgessrawson.com.au All areas and figures approx only. All precaution has been taken to establish the accuracy of the above information 28 but does not constitute any representation by the Vendor or Agents. The Retail Leases Act 2003 may apply.
Trophy Noosa Asset Affordable Investment with Head Office Lease Noosa Heads QLD Lot 22, 18 Hastings Street • Blue Chip Hastings Street Noosa retail investment • Secure lease to international fast food retailer Subway – the world’s largest sandwich restaurant chain with over 44,000 stores in over 100 countries • 5 year lease to 2019 with option to 2024 • High profile position in the busy Bay Village Shopping precinct neighbouring the Sheraton Hotel • Noosa Heads is a major international tourist destination 2 hours north of Brisbane on the Sunshine Coast • Easily managed single tenanted investment • Attractive 4% fixed annual rent increases • Tenants pay all outgoings, as per lease • Net Income: $73,116 pa + GST Auction 11am Tuesday 16 May 2017 Doltone House Hyde Park, 181 Elizabeth Street, Sydney Glenn Conridge 0413 873 337 gconridge@burgessrawson.com.au Michael Gilbert 0430 024 790 mgilbert@burgessrawson.com.au All areas and figures approx only. All precaution has been taken to establish the accuracy of the above information but does not constitute any representation by the Vendor or Agents. The Retail Leases Act 2003 may apply. 29
Landmark Service Station – Affordable Investment 15 Year Lease to Woolworths Ltd CALTEX Marian (Mackay) QLD 1-3 Hadley Street • 15 year lease to 2029 with options to 2049 • Leased to Woolworths Limited – ASX listed retail giant with market cap of $33.81 billion (April 2017) • State-of-the-art petrol station including double skinned fibreglass tanks – opened April 2014 • Prominent 1,474 sqm corner site with 65 m frontage • Seamless integration for adjoining dominant Woolworths anchored shopping centre • Mackay – coal and sugarcane capital of Australia, also supported by agriculture and tourism – trade catchment circa 150,000 Cairns • Woolworths own and are 100% responsible for all improvements and remediation • Net Income: $59,331 pa + GST (assume CPI 2% – April 2017) Townsville Auction 11am Tuesday 16 May 2017 Doltone House Hyde Park, 181 Elizabeth Street, Sydney Mackay David Ingram 0403 464 621 dingram@burgessrawson.com.au Dean Venturato 0412 840 222 dventurato@burgessrawson.com.au Rockhampton All areas and figures approx only. All precaution has been taken to establish the accuracy of the above information 30 but does not constitute any representation by the Vendor or Agents. The Retail Leases Act 2003 may apply.
On-Site Auction Blue Chip Retail Freehold Substantial Landholding in Premier Location Elsternwick VIC 334 Glen Huntly Road • Positioned perfect within the prime retail heart of Elsternwick • Well maintained 2 storey building of 363 sqm • First floor tenancy with separate street entrance • Extra wide 6.85 metres of north facing retail frontage • Premium landholding of 301 sqm backing on to rear council car park • 2 parking spaces on-title • Further development potential (STCA) • Prime retail strip surrounded by Council parking, immediate access to train and tram services • Elsternwick: Thriving cosmopolitan inner city suburb only 9km from the Melbourne CBD. Highly affluent, sought after location with median house price of $1,610,000 Boundaries are indicative only CBD Port Phillip Bay Caulfield Grammar Hwy ean Nep Elsternwick Train Station Auction On-Site 2:30pm Thursday 18 May 2017 Gle nH un Alex Shum 岑家偉 0413 839 898 Rick Silberman 0413 830 707 tly Rd ashum@burgessrawson.com.au rsilberman@burgessrawson.com.au Sta Nick Breheny 0408 155 587 nle nbreheny@burgessrawson.com.au yS t All areas and figures approx only. All precaution has been taken to establish the accuracy of the above information but does not constitute any representation by the Vendor or Agents. The Retail Leases Act 2003 may apply. 31
Property Leasing Services Our Experienced Team is Growing Burgess Rawson’s rapidly expanding team is proud to offer a full range of leasing and consultancy services across all commercial sectors. Our in-depth market knowledge ensures innovative and effective leasing solutions to Landlords, Investors, Retailers and Tenants. We work collaboratively with our clients, creating an effective leasing strategy and budget to deliver first class retail developments. Large Format Retail Shopping Centres • Project Leasing • Large Format Retail • Childcare • Shopping Centers • Fuel and Fast Food • Medical Contact our leasing specialists to find out more. David Mark Andrew Kausman Director – Leasing Senior Leasing Executive 0413 860 316 0413 830 083 dmark@burgessrawson.com.au akausman@burgessrawson.com.au Sam Fogarty Arton Meka Senior Leasing Executive Leasing Executive Service Stations Office/Retail 0413 830 808 0413 860 305 sfogarty@burgessrawson.com.au ameka@burgessrawson.com.au
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