News

Gladstone commercial property sales spring back with 172pc increase
24 October, 2017 / Andrew Allen

Improvement in sales turnover during 2017 is encouraging for Gladstone, a market known for its volatility.

Gladstone’s commercial property market is rebounding strongly from its post-2012 slump, new data from Ray White Commercial shows. In the first nine months of 2017, sales of $55.341 million have been recorded — a 172.59 per cent increase on the full 2016 year and the highest since the record of more than $100 million in 2012. To date, the 2017 figure is more than eight times higher than the total of $6.26 million recorded in the 2015 calendar year, according...

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Triple opportunity: Leased investment on the market in Canning Vale WA
20 October, 2017 / Enrique Reyes

Change in sentiment likely to appeal to savvy eastern states investors looking to WA for higher yielding options.

A fully leased trio of showrooms in Canning Vale in a high-exposure location has been offered for sale by Ray White Commercial. In a corner position with frontage to busy Nicholson Road, the showroom-warehouse units at 1A/489 Nicholson Road, Canning Vale, are occupied by separate tenants. India Grocer leases 418sqm, Paws & More Vet Centre occupies 415sqm and the remaining 271sqm is held by fitness studio F45. Ray White Commercial WA sales & leasing associate Enrique Reyes is selling the...

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International property fund buys The Republic Hotel in Sydney’s CBD
20 October, 2017 / Andrew Jolliffe

Hotelier Patrick Ryan to lease back the business operation after 17 years of ownership.

Popular Sydney pub The Republic Hotel has changed hands in an off-market deal brokered by Andrew Jolliffe, of Ray White Hotels Australia. Mr Jolliffe says a highly regarded international property fund bought the hotel, on the corner of Pitt and Bridge streets in the CBD. The four-storey hotel spans three city streets and recently underwent a multi-million dollar renovation, including the introduction of a rooftop bar, Taylor’s Rooftop. The deal, concluded this week, sees hotelier Patrick Ryan enter into an agreement...

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Home of high-profile Cronulla nightclub Fusion for sale
19 October, 2017 / Charlie Yankos

Strata investment opportunity on the market for the first time in a decade.

An investment opportunity anchored by a long-term tenancy to a high-profile Cronulla nightclub venue is being offered for sale through Ray White Commercial NSW – Greater Sydney South. The site of Fusion Nightclub at 84-86 Cronulla Street, Cronulla, is being marketed by Ray White Commercial NSW – Greater Sydney South directors Charlie Yankos and Brad Lord, on behalf of Edford Pty Ltd, headed by local businessman Stephen Fleming. The offering comes as demand for quality, tenanted assets remains high across...

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Local business demand puts squeeze on North Moreton stock
19 October, 2017 / Chris Massie

Development in North Lakes and local demand are leading to limited quality vacancy in the region north of Brisbane.

Rent rates are strengthening and yields are reducing as demand puts the squeeze on stock in Queensland’s North Moreton region, new research from Ray White Commercial shows. Development in North Lakes and demand from local business are leading to limited quality vacancy in the region north of Brisbane. Total vacancy for the region is now just over 50,000sqm, according to the Between the Lines North Moreton Industrial Overview October 2017 report. “This is an impressive result and testament to the...

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Merivale snaps up The Vic on the Park Hotel in Marrickville
10 October, 2017 / Andrew Jolliffe

Leading hospitality company backs up The Collaroy purchase with key inner west pub deal.

Following the August 2017 sale of The Collaroy beachfront hotel for more than $20 million to the Justin Hemmes-led Merivale Group, the nation’s leading hospitality company has made its intentions clear by backing up the northern beaches purchase with the acquisition of Marrickville’s Vic on the Park, following a very competitive EOI sale process. “We have a self-imposed mandate to grow this wonderful business both deliberately and responsibly, and wherever we see property-backed opportunities for us to create unique experiences...

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Perth retail investment sold for $3.2 million
4 October, 2017 / Brett Wilkins

Strong interest during marketing campaign leads to key sale in thriving retail precinct.

A high-exposure site with strong multilevel future development potential in an emerging and vibrant Perth precinct has been sold for $3.2 million by Ray White Commercial. The retail premises at 428 William Street, Perth, is on a 486sqm site at the corner of Robinson Avenue with a building area of 300sqm. Ray White Commercial agents Stephen Harrison and Brett Wilkins sold the property to a Chinese investor on a yield of 4.3 per cent. The current tenant is on a...

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Sydney strata office capital values skyrocket
3 October, 2017 / Christian Minards

Strata office transactions worth $38.9 million were recorded in the first eight months of 2017.

A big number of investors vying for limited space has pushed up Sydney CBD strata office capital values by 33 per cent in the past year, new data from Ray White Commercial shows. In addition, the city’s current supply-and-withdrawal phenomenon — the introduction of new and refurbished stock as other office space is lost, mostly through demolition — has created a unique rental market that is prolonging low vacancy, according to the Between the Lines Sydney CBD Office Market Update...

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Moorabbin Investment Sold at Auction for 4.2% Yield
27 September, 2017 / Ryan Amler

A warehouse/office investment opportunity in the heart of Moorabbin in Melbourne’s south-east has been sold at auction by Ray White Commercial Oakleigh for a 4.2 per cent yield.

Moorabbin Investment Sold at Auction for 4.2% Yield A warehouse/office investment opportunity in the heart of Moorabbin in Melbourne’s south-east has been sold at auction by Ray White Commercial Oakleigh for a 4.2 per cent yield. The approximately 238 sqm building at 8/94-102 Keys Road, Moorabbin, was sold under the hammer to a local investor for $570,000 by Ray White Commercial Oakleigh’s Ryan Amler and Joshua Colosimo on behalf of a private investor. Ryan Amler said the yield was a...

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Suites in Sydney CBD Strata Building Sold
27 September, 2017 / John Skufris

Office suites in and around Martin Place in Sydney CBD’s financial precinct are highly prized with sales of almost $1.2 million for two properties.

 Suites in Sydney CBD Strata Building Sold Office suites in and around Martin Place in Sydney CBD’s financial precinct are highly prized with sales of almost $1.2 million for two properties. The two suites at 84 Pitt Street, Sydney, were sold in deals negotiated by Ray White Commercial South Sydney’s John Skufris and Will Mulvihill of Henderson & Horning on behalf of private owners. The building, once known as the Australian Business & Conference Travel House, spans 15-storeys and includes...

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