News

Gold Coast 2018 buzz tipped to reel in more commercial property buyers
23 January, 2018 / Adam Young

Value-add potential and Games-related tourism build interest around auction offerings.

The looming 2018 Commonwealth Games and surging local development are expected to build strong interest around three Gold Coast commercial properties due to go under the hammer on January 28. Each of the properties listed by Ray White Commercial Gold Coast’s Adam Young has value-add potential, as well as anticipated exposure to tourism traffic associated with the Games from April 4-15. In Nerang, a historical house converted for commercial use could in the future make way for a sizeable development...

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A prime cut of property in the Queensland town of Inglewood
22 January, 2018 / Peter Marks

The distinctive character building that once was home to Inglewood’s only butcher shop is for sale and lease through Ray White Commercial Toowoomba. Agent Peter Marks is seeking expressions of interest for 66 Albert Street as a freehold and business opportunity. Read the full Ray White Commercial Toowoomba article

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F45 bulks up its brand on the Gold Coast
19 January, 2018 / Adam Grbcic

Franchise's latest lease in Nerang is the third for Adam Grbcic of Ray White Broadbeach.

Popular Australian fitness group F45 is expanding on Queensland’s Gold Coast. The owners of the F45 Carrara franchise have leased space at 1-9 Tibbing Street, Nerang — a neighbourhood centre known as Petro’s Corner, pictured below — through Ray White Broadbeach’s Adam Grbcic. The deal is Mr Grbcic’s third F45 franchise lease. The 226sqm studio had its grand opening in early January. The three-year lease, plus two three-year options, started in September with a commencement rental of $60,000 (plus GST)....

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High-profile deal heralds bumper year for Gold Coast commercial real estate market
19 January, 2018 / Steven King

Total 2017 sales more than double the previous year, Ray White Commercial research finds.

Another big year is expected for the Gold Coast commercial property market after total sales in 2017 more than doubled the previous year’s result, according to new Ray White Commercial research. High demand and rapid turnover propelled 2017 to a total of $1.33 billion in sales compared with $632 million in 2016, the new Between the Lines Gold Coast End of Year Wrap report shows. Ray White Commercial Gold Coast’s Steven King says the 2017 result, achieved in 571 transactions,...

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Commercial property loans: How banks put a price on investors’ debt
16 January, 2018 /

James Kelder explains commercial real estate finance deals.

Ever thought about how to get the best deal on commercial real estate finance? Green Finance Group’s James Kelder explains the key considerations of banks and lenders. When it comes to bank loans for property, people often think in terms of buying a home. Usually, the terms are quite rigid and there’s not much opportunity to negotiate. For commercial property loans, it’s a different playing field. There are many variables that determine how lenders price commercial debt, which is...

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Toowoomba commercial real estate surges as non-local buyers look to new markets
3 January, 2018 / Brian Hodges

Interest in the Queensland city is expected to continue rising in 2018.

Interest in Toowoomba commercial property is heating up as many non-local buyers look for investment alternatives to major metropolitan areas, according to Ray White Commercial Toowoomba. Principal Brian Hodges says low interest rates and strong demand for high-yielding investments are behind the surge through 2017, which is expected to continue into 2018. “Our sales agents have noticed a higher level of activity across all sectors of the commercial-industrial market coming into the festive season and we are expecting a buoyant...

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Springvale retail asset sells at auction for $1.44 million — $90,000 above reserve
20 December, 2017 / Paul Rizzo

Sale price represents yield of 3 per cent, say agents.

A standalone shop in the Melbourne suburb of Springvale has sold under the hammer for $1.44 million after a busy auction campaign through Ray White Commercial Oakleigh. Agent Paul Rizzo says the sale price for 244 Springvale Road was $90,000 above reserve and realised a yield of 3 per cent. As well as having high exposure to a main road, the 85sqm building on 157sqm of land backs on to the Springvale shopping centre, is a short walk from the...

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Development potential seals the deal in $5.9m-plus Fortitude Valley office building sale
20 December, 2017 / Jared Doyle

Gold Coast-based syndicate OzProp Capital buys 100 Brunswick Street.

An office building in Brisbane with development approval — plus further potential to expand upwards — has been sold for $5,926,925 by Ray White Commercial TradeCoast. Gold Coast-based syndicate OzProp Capital is the purchaser of 100 Brunswick Street, which is located among some of Brisbane’s most significant development projects. The deal was done by Jared Doyle, who took the property to market with colleague Jack Gwyn in an expressions-of-interest campaign which garnered three offers. The contemporary two-storey building, which also...

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For sale: Icon Energy office building offers glamorous corporate life on the Gold Coast
20 December, 2017 / Adam Grbcic

'There is extremely high demand for commercial space in Broadbeach and this is a unique offering in Australia'.

A high-profile office building with its own pontoon and solar power facility is for sale through Ray White Broadbeach. Agents Adam Grbcic, Stuart Reeder and Tony Grbcic are seeking expressions of interest for the Icon Energy building at 4 Miami Key, Broadbeach Waters. The freestanding building with extensive outdoor entertaining areas looks over The Star Gold Coast, Gold Coast Convention Centre and Broadbeach skyline. “The property has been on the market for only a week and we have already fielded...

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Tenants look to Sydney city fringe for fitted office space close to rail transport
19 December, 2017 / John Skufris

Market insights from Ray White Commercial South Sydney.

Recent leasing in the Sydney city fringe has shown an appetite for fitted office space close to rail. Ray White Commercial South Sydney‘s John Skufris says the International Business Centre building (pictured) at 2 Cornwallis Street, Redfern, located at the Australian Technology Park, had achieved face rents around and over $700/sqm per annum to a range of tenants including, but not limited to, project and tourism groups. A top-floor office suite of 213sqm plus parking at the Post building, 46A...

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