Issue 41 | The Property Development Review

Featured News

COMMERCIALREADY’S MOST VIEWED INVESTMENT OPPORTUNITIES FOR Q1 2023 A retrospective look of the quarter’s 10 most popular viewed investment listings on CommercialReady.

1 Harris Farm Clayfield, 823 Sandgate Road, Clayfield, QLD

3 Village Lakeside Shopping Centre, 9 Lakeside Boulevard, Pakenham, VIC

This neighbourhood shopping centre proved to be a rare investment opportunity. Anchored by Coles and supported by 10 non-discretionary shops, this investment holds 100% occupancy and an estimated net income of $1,348,004 p.a. Marketed by JLL’s Tom Noonan, MingXuan Li and Stuart Taylor, this investment found the growing suburb of Pakenham is something to behold. 4 7 Galena Street, Broken Hill, NSW

This trophy retail asset anchored by Harris Farm Markets on a new 10-year lease was one of our most popular listings of the quarter. Marketed by Ray White Commercial’s Lachlan O’Keeffe and Michael Feltoe, the asset holds a strong mix of tenants, including BWS, Milk & Froth Cafe and Clayfield Seafood Markets in addition to Harris Farm Markets. Providing a fully leased net tenancy income of $1,125,895 p.a., it comes as no surprise that his investment is one of our most viewed. 2 129-133 Main North Road, Nailsworth, SA

It’s no surprise that this investment site, which holds a 15-year lease to the ASX-listed Viva Energy, was one of our most viewed investments for Q1. With no stamp duty, annual 3% rent increases, and a tenancy income of $365,650 p.a., the asset marketed by Burgess Rawson’s Jamie Perlinger and Rick Jacobson, in conjunction with CBRE’s Mitch Curnow and Harry Einarson, garnered an incredible amount of investor interest.

Marketed by Burgess Rawson’s Yosh Mendis, Darren Beehag, Campell Bowers and Andrew Havig, this fast-food investment site came with an exceptionally rare ground lease, meaning that tenants pay all outgoings, including repair work. As the only Mcdonald’s in Broken Hill, this investment was, unsurprisingly, extremely popular on CommercialReady, with a net income of $224,065 p.a., a 20-year net lease, and annual CPI reviews plus turnover rental growth.

14 – April / May 2023

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