Issue 26 | The Property Development Review

Issue 26 | The Property Development Review Development Site Listings Market Insights Market Analysis The Interview Series

ISSUE NUMBER 26

EXCLUSIVELY FOR PROPERTY DEVELOPERS, INVESTORS, & AGENTS

LISTINGS

INSIGHTS

ANALYSIS

The latest commercial, development opportunities and Market Moves in Australia.

Interviews with industry thought-leaders.

Market overviews from leading commercial agents.

FOR LEASE

JULIAN MATERIA 0498 188 011 RAFF DE LUISE 0418 533 633

JAY PAVEY 0412 566 962 SAMUEL TORRANCE 0407 057 954

Inside Issue #26

From the CEO

The Interview: Ben Hopkins Principal Futuro Capital 06

Welcome to the September /October Issue of The PropertyDevelopment Review.

This latest magazine issue contains a mix of excellent interviews with prominent business professionals. Adding the newest development sites for sale plus a summary of recently transacted commercial properties Australia-wide delivers an overall great read. Our NewPartnershipWithDistrict Data – An Industry First Game-Changer for bothAgencies & Investors. Ready Media Group are thrilled to announce our recent equity and business partnership with District Data – a leading property interactive mapping and reporting system. As an Australian industry first, all DevelopmentReady and CommercialReady property listings will now provide prospective buyers with free accurate, relevant, and up-to-date information on their selected property. No other property portals provide this depth of value-added features – a real game changer! Initial feedback from both our agency and investor clients has been overwhelmingly positive and numerous have described the District Data reports as a valuable due diligence tool. Please check it out for yourself. The Interviews Rob’s high profile interviews include, highly credentialed LouPirenc, Head of Real Estate Research, Jarden – Lou’s insights are right on trend for our current market conditions. Noted Principal of real estate investors, Futuro Capital, BenHopkins, discusses current opportunities across Australia and New Zealand. In addition, Rob interviewed the dynamic Ben and Jono Isaac, brothers and owners of retail and child-care development specialists, Isaac Property, plus IP Generation’s Chris Lock - since launching in late 2017, has built a substantial portfolio of assets valued in excess of $700m, with exposure across retail, office & property development projects. Each interviewee delivers expert, incisive and intuitive market knowledge of their specialised sector – great listening. Women inProperty&Business Continuing this series, Rob Langton speaks with highly successful businesswoman and “Shark Tank” investor, Janine Allis. As the founder of Boost Juice bars and part-owner of Retail Zoo, Janine’s innate business knowledge provides listeners with valuable insights. Tamara Gross chats with high-profile property buyers advocate Nicole Jacobs. As a sought after media commentator on programs including Channel 9’s The Block, Tamara chats to Nicole about her real estate journey and the strategies she implements for acquiring the right properties for her clients. Enjoy this issue and importantly keep well.

Women in Property: Janine Allis Businesswoman 07 & Managing Director WHITEFOX Advocacy 07 Women in Property: Nicole Jacobs Co-Founder The Interview: Lou Pirenc Head of Real Estate Research Jarden Australia 33 The Interview: Ben & Jono Isaac Owners - Isaac Property 35 The Interview: Chris Lock Founder &Managing Director IP Generation 82

83 SA:

11 NSW: 37 VIC: 61 QLD:

Property Listings

Property Listings

Nick Materia, CEO, Ready Media Group

97

WA: Property Listings

Property Listings

On The Cover Mudassir Ali (@pixelcop) via Unsplash Editor in Chief Frank Materia, frank@readymedia.com.au

Design & Direction Nespecart Advertising Enquiries Ted Lloyd ted@readymedia.com.au Editorial Enquiries editor@readymedia.com.au

Contact TPDR Ready Media Group Level 1,

167-169 Buckhurst Street, South Melbourne VIC 3205 Tel. 03 9631 5476 info@readymedia.com.au

Property Listings

DevelopmentReady - Advertorial

X

Due diligence toolkit now available to all DevelopmentReady users

Ready Media Group has partially acquired and partnered with DistrictData to add due diligence tools directly within the property listing pages on DevelopmentReady.

Users can now undergo site feasibility as they browse & discover on-market opportunities.

The powerful DistrictData mapping tool is embedded in place of the typical location map, providing DevelopmentReady users with a plethora of site-specific due diligence information such as; Perimeter, Nearby Amenity, Zoning, Easements, Development Pipeline, Site Summary Reports, plus more can be discovered within the DevelopmentReady property listing page. The full features of the embedded map tool are currently available to property listings located within VIC, NSW& QLD (with a national roll-out in sight). Through the business partnership agreement, DistrictData has also opened many of its powerful features to free user accounts, giving mass access to market intelligence - create your free account today at districtdata.com.au/register. Furthermore, users now also have the ability to search DevelopmentReady property listings in map view via the DistrictData portal. For broader market research, users can directly enter the DistrictData portal (DistrictData.com.au) to discover Suburb Demographics, Market Price Information, High-Resolution Imagery, In-Depth Due Diligence Reports, and more.

For further information about this newand exciting feature, contact us at info@developmentready.com.au or call your accountmanager directly.

02

The Property Development Review

New DistrictData map & reporting tool on DevelopmentReady listings

Map & reporting tool location on listing page

Map search for DevelopmentReady listings on DistrictData

03

Market Moves: Around the Country

NSW

DESCRIPTION

VENDOR / PURCHASER

AGENCY

SALE $

CBRE’s James Parry, Flint Davidson, Stuart McCann and Michael Andrews with Colliers’ Adam Woodward, James Mitchell and James Barber

Three interconnected buildings with a total NLA of 44,911sqm. There is also a café, a gym, some retail spaces, and more than 3,000 car parks 1.85-hectare high-density residential development site; 950 dwellings within towers of 10-30 storeys

Woolworths’ headquarters; 1 Woolworths Way, Bella Vista

V: Inmark Asset Management P: AIMS Financial Group

$450 million

4 land lots, Halifax Street, Macquarie Park

V: Landcom P: Landmark Group

Knight Frank’s Scott Timbrell

$135 million

V: Melbourne family with Steffan Ippolito and Joshua Watts P: Intera Group

A seven-storey, fully refurbished B-Grade office building

JLL’s Mitch Noonan and James Aroney

39-47 Regent Street, Chippendale

$68.5 million

7-storey building with 7,650sqm of office space, a 5.0-star NABERS Energy rating Comprises 23 commercial suites across 2 buildings with 423 car spaces, providing more than 18,000sqm of office space

9 Wentworth Street, Parramatta

P: City of Parramatta Council

$64 million

Ray White Commercial’s Peter Vines and Victor Sheu, with CBRE’s Nicholas Heaton, Toby Silk and Aaron Arias Colliers’ James Wilson and Alex James-Elliott

Glade View Business Park, 436-484 Victoria Road, Gladesville

V: Dexus P: Mintus

$55 million

P: Charter Hall Direct Long WALE Fund

Coles Five Dock

Stratum titled supermarket

$25.9 million

$14.75 million

7 Box Road, Taren Point

A two-level office, showroom and warehouse

V: Chemcorp

Colliers’s Trent Gallagher

Between Stott St & Walmsleys Rd, Bilambil Heights

16-hectare block with a permit for 100 lots

P: Clarence Property

$13.5 million

CBRE’s John Micallef, Raymond Ahsan, Lord Darkoh and Alex Mirzaian Savills Australia’s Nick Lower and Selin Ince

$12.25 million

1 Renshaw Street, Cranebrook

1.49 Ha development site

P: Isaac Property Developments

401-405 Princes Highway, Rockdale

DA Approval for 43 Apartments, two ground floor retail shops and three levels of parking

P: Local builder/developer

$8.5 million

Colliers’ Tom Appleby and Harry Bui

$7.645 million

539-541 Sydney Road, Seaforth A former CBA branch. Purchaser intends to covert the bank into a large format retailer.

12-14 Adderley Road, East Lidcombe

1,113sqm site, which includes a mezzanine office and showroom

CBRE’s Robert Dowdy and Raj Chaudhary

P: Triumph Furniture

$5.31 million

Ray White Commercial’s Kristian Morris and Lachlan Palm HTL Property’s Blake Edwards and Sam Handy, with Cabmon Commercial’s Peter Seeto

30-32 Parramatta Road, Summer Hill

Total site area 929sqm with a potential GFA of 1,858sqm and a 15-metre height limit

P: A local long term investor / developer

$3.55 million

Dry Dock Hotel, 22 Cameron Street, Balmain

Originally erected around 1857 on a 645sqm landholding

Undisclosed

P: Peninsula Hospitality Group

QLD

DESCRIPTION

VENDOR/PURCHASER

AGENCY

SALE $

One Australia’s best regionally located sub-regional shopping centre assets

V: Vicinity Centres / P: Fawkner Property

CBRE’s Simon Rooney and James Douglas

$162.5 million

Mount Pleasant Centre

17 Breene Place Morningside, 164 Riverside Place Morningside, 69 Alexandra Place Murarrie, and 60 Ron Boyle Crescent Carole Park. Oakwood Hotel and Apartment; 11-storey and contains 162 suites, a bistro, business centre, gym and pool

Portfolio of four Brisbane cold storage investments

CBRE’s Jack Pershouse and Ben Lyons

V: PTG Land

$51 million

15 Ivory Lane, Brisbane

P: Oscars Hotel Group

CBRE’s Wayne Bunz

$50 million

CBRE’s Michael Hedger and Joe Tynan CBRE’s Danny Betros, Michael Hedger & Joe Tynan CG Property’s Mark Gilbride and Michael Callow with CBRE’s Jack Pershouse and Peter Turnbull

Servico on Olsen, Southport

Fully leased, blue chip travel centre investment

P: Charter Hall

$21.5 million

Gordonvale Highway Service Centre (United Gordonvale)

A premium highway service centre investment near Cairns

P: APN Convenience Retail REIT (AQR)

$18.4 million

1.89-hectare property is comprised of a 9,704sqm office/warehouse, with car and truck parking

72 Formation Street, Wacol

P: Westbridge Funds Management

$16.1 million

A 13.5-hectare greenfield development site permit-ready for a 230-unit retirement village

P: Ingenia, in partnership with Sun Communities

Nambour

$15.5 million

I-Med Carina & Old Cleveland Road Clinic, Carina

CBRE’s Darren Collins

$12.5 million

A long-established medical centre asset

P: A private investor

Ray White Special Projects’ Mark Creevey, Tony Williams and Matthew Fritzsche CBRE’s Hugh Adnam and Dillon Murphy

40, 42 and 46 Fleming Road, Herston

Approval for 22 freehold terrace homes and 3 home sites

$8.2 million

P: Unison Projects

$4.03 million

21 Kingsbury Street, Brendale

A brand-new, fully-leased industrial property

P: A private investor

Sunshine Coast’s Loea Boutique Hotel

P: A Sydney-based hotel investment group

CBRE’s Hayley Manvell

~$4 million

Luxury boutique 10-room hotel

CBRE’s Hugh Adnam and Dillon Murphy

A freestanding 1,409sqm facility with high- clearance warehousing Prominent retail centre which comprises a complementary mix of nine national and local operators, with a WALE of 2.99 years A fully leased, freestanding, corner industrial complex

$3.2 million

18 Maxwell Street, Brendale

P: A Brisbane-based investor

Ray White Commercial’s Michael Feltoe and Lachlan O’Keeffe

$2.505 million

Sandalwood Shopping Village

Savills Australia’s Scott Gardiner and Will Carman

$1.885 million

1 Geoffrey Street, Caloundra West

P: A local investor

04

The Property Development Review SALE $

VIC

DESCRIPTION

VENDOR / PURCHASER

AGENCY

P: Partnership between Frasers and Irongate Group

speculated $225 million

341-367 Francis Street, Yarraville 24.3 hectare industrial landholding

Stonebridge’s Justin Dowers and Philip Gartland with JLL’s Nick Willis, Sam Hatcher and Stuart Taylor

Craigieburn Junction homemaker centre

6.05 Ha property presents 25,086sqm of NLA with a WALE of 7.29 years

V: PGIM / P: QIC

$135 million

262 Lorimer Street, Port Melbourne

1.69 Ha corner site overlooking the Yarra River; leased to Rathbone Wine Group 12-storey freehold building accommodates an NLA of over 5,500sqm Australia’s flagship Subaru dealership. 1.8-hectare site

P: Offshore investor

Dawkins Occhiuto’s Chris Jones

$81.6 million

CBRE’s Kiran Pillai, Scott McGlone, Mark Coster and Stuart McCann Dawkins Occhiuto’s Walter Occhiuto and Andrew Dawkins JLL’s John Musca, Will Connolly and Stuart Taylor with Cropley Commercial’s Steve Cropley and George Iliopulos. Goldbank Real Estate Group’s Goldy Sharma & Vikram Raichura CBRE’s Bryce Pane, Harry Kalaitzis and Tom Hayes

$72.625 million

446 Collins Street, Melbourne

P: HThree City Australia

P: Nick Theodossi has teamed up with developer Ross Pelligra

99 Lorimer Street, Port Melbourne

$50 million

60-year, triple net lease returning a commencing net annual income of $1.4 million

Edwardes Lake Hotel Reservoir

P: Hotel Property Investments

$28 million

645 Derrimut Road, Tarneit

5.5-hectare mixed-use land parcel

P: Countryland Australia

$14 million

2,508sqm facility, with warehouse, cold-storage and office space and an expansive canopy

V: LaManna Premier Group / Private investor

360-374 Whitehall St, Yarraville

$8.85 million

335-341 Bridge Rd, Richmond

Two storey, 685sqm retail building

P: Melbourne based investor

Teska Carson’s George Takis

$8.3 million

CBRE’s Tom Murphy, Ricardo Cappelletti and Fergus Pragnell

V: ACCIONA P: Investor

13-17 Jessica Way, Truganina

11,900sqm industrial site

$7.3 million

18 and 22 Thomson St, Sth Melb 3-level 1970s office building

Tomassi & Co

$6.9 million

13,840sqm infill site; incoming owner who will apply for a permit for greater density on the site beyond the current 36 lot subdivision

Savills Australia’s Clinton Baxter, Julian Heatherich and Nick Garoni CBRE’s Scott Callow, David Minty and JJ Heng, with Gregson Commercial's James Gregson

South Morang

P: Local townhouse developer

$6.42 million

Customs House Hotel, Williamstown

1,100sqm site under the same ownership for more than two decades

P: A private investor

$5.85 million

290-294 Clayton Road, Clayton

Three retail shops fully leased on one freehold title

CVA’s John Nockles& Daniel Philip

$4.9 million

Office property with significant development potential

Dawkins Occhiuto’s Tim Grant and Andrew Dawkins CBRE’s Ricardo Cappelletti, Fergus Pragnell and Lachlan May Savills Australia’s Clinton Baxter and Julian Heatherich CBRE’s Ricardo Cappelletti, Tom Murphy and Fergus Pragnell

48 Wilson Street, South Yarra

P: A local investor

$4.645 million

circa $4.5 million

51-55 North View Drive, Sunshine West

A well-established and highly sought-after industrial property

P: Private investor

362sqm property owned and occupied by the Churches of Christ for more than 100 years

V: Churches of Christ P: A local developer

$4.2 million

148-150 Queensberry St, Carlton

Prominent corner asset with a warehouse of 2,088sqm and an accompanied yard

$3.466 million

65 Paramount Blvd, Derrimut

P: TWC Enterprises

Ray White Commercial’s Theo Karkanis

$3.201 million

382-384 Warrigal Road, Ashburton 550sqm retail building

Double fronted, 278sqm retail space leased to the ANZ bank

Teska Carson’s George Takis and Michael Taylor Teska Carson’s George Takis and Stephen Speck

$2.525 million

40-42 Atherton Road, Oakleigh

P: A local investor

V: Melbourne based investor P: Owner-occupier

Shop 1, 12 Fitzroy Street, St Kilda

$1.4 million

A fully fitted, 195sqm restaurant

Ray White Commercial’s Ryan Amler

$1.155 million

837 Nepean Highway, Bentleigh

Leased to long-term tenant Trifusion Fitness

$1.035 million

403 High Street, Ashburton

A single level, 140sqm retail premises

P: A Melbourne investor

Teska Carson’s George Takis

Approved for $50 million, 12 level, luxury mixed- use project,comprising four shops, office space, 57 apartments, and 30 car parking spaces

Teska Carson’s Michael Ludski and Luke Bisset

Undisclosed

189 Toorak Road, South Yarra

P: Local developer

CVA’s Ryan Milivojac, Craig McKellar and Ben Quennell Colliers’ Daniel Wolman, Oliver Hay and Rachael Clohesy

Undisclosed

28-32 Albermarle Street, Kensington Approved planning permit for 36 units over a 6-storey development

P: A local developer

A brand new, high-profile investment grade office building

Undisclosed

11 Wilson Street, South Yarra

WA

DESCRIPTION

VENDOR / PURCHASER

AGENCY

SALE $

22 and 72 Hyne Road, South Guildford Byford Village, 20 Abernethy Road, Byford

$50.75 million $33.75 million

JLL’s Tony Iuliano, Nick Goodridge and Andrew Fife

Two modern warehouses

P: Charter Hall

V: Coles Group P: Primewest

Four-year-old shopping centre

The heritage-listed four storey Tudor building, which was constructed around 1937 A fully-leased warehouse building with future development opportunities Incoming owner will repurpose the property for occupation

P: Singapore-based Fragrance Group

Colliers’ Ian Mickle, James Wilson and Wayne Lawrence

London Cour t

$28.4 million

33 Hector Street West, Osborne Park

Ray White Commercial’s Brett Wilkins

$4.9 million

Mandurah’s ex-Australian Sailing Museum

P: WOTSO Proper ty

Colliers’ Henry Vu &d Tim Scott

$2 million

Ray White Commercial’s Tom Jones and Stephen Harrison

$1.05 million

283 Wanneroo Road, Balcatta

To be converted into a medical consulting facility

P: Private medical investor.

SA

DESCRIPTION

VENDOR / PURCHASER

AGENCY

SALE $

Knight Frank’s Guy Bennett and Cushman & Wakefield’s Leigh Melbourne, Nick Rathgeber, Mark Hansen and Josh Cullen

Six-storey building fully leased to the SA State Governement

V: Charter Hall P: Centuria

21-25 Nile Street, Port Adelaide

$62.75 million

05

The Interview: Ben Hopkins

Ben Hopkins Principal - Futuro Capital

Less than two years since establishing, Futuro Capital’s recent $51macquisition of four high-exposure, freehold buildings inCrows Nest made national property news headlines. With a developing reputation as a leading independent real estate investment group, detailed strategic analysis is the driver for Ben’s and Futuro's investment philosophy. Their acquisition and development emphasis is for assets to generate superior returns as compared with traditional market benchmarks. Preceding co-establishing Futuro, Ben was Managing Director of Singapore-based Roxy Pacific Holdings and Country Manager for Savills Singapore specialising in development and project management.

Listen to the full interviewnow.

Scan to listen to The Interview

15'

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06

Women in Property & Business

Janine Allis Businesswoman

Janine is a highly recognised and successful businesswoman. As the founder of the renown Boost Juice bars and part- owner of Retail Zoo, Janine’s entrepreneurial talents have often being on show as an astute “Shark Tank” investor. Janine’s ability to encapsulate the essence of what’s required to build a commercially competitive business has been widely acknowledged. This interview with Janine contains insights and innate knowledge from her journey to date. Listen to the full interviewwithRob Langton and Tamara Gross now.

Scan to listen to The Interview

20'

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Nicole Jacobs Co-Founder &Managing Director: WHITEFOX Advocacy

Nicole’s successful 14-year buyer advocacy company has in recent times alignedwith trail-blazing Melbourne agencyWHITEFOX, under theWHITEFOXAdvocacy brand. Describe on her company website as Energetic, Dynamic, and Steadfast, her expertise is highly sought after as a media commentator on programs including Channel 9’s The Block. Tamara Gross chats with Nicole about her real estate journey and the strategies she implements for acquiring the right properties for her clients. Listen to the full interviewwithRob Langton and Tamara Gross now. Scan to listen to The Interview

20'

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07

DevelopmentReady - Advertorial

Ready Media Group Sweeps 2021 REIV Commercial & Industrial Awards. The annual REIV Commercial & Industrial Marketing Awards recognise, reward and celebrate excellence in commercial and industrial advertising, marketing and promotion for commercial sales and leasing campaigns across Victoria. Ready Media Group are delighted to announce that 5 marketing campaigns developed by our in-house creative teamwere recognised amongst the very top campaigns in Victoria - with 2 campaigns taking the illustrious first place in their respective categories. 1st: Jones Lang LaSalle (JLL) | Campaign: Eureka Skydeck JLL’s stunning Eureka Skydeck campaign impressively soared as the overall winner for this category. Additionally, this campaign was also awarded the ‘Best Campaign for a Large Agency’. This is an impressive achievement by the JLL and Ready Media Group teams who collaborated to produce this creatively brilliant campaign, which achieved strong recognition across all marketing channels. 1st: Emmetts Real Estate & 2nd: Allard Shelton For Development Campaigns over $20,000 Ready Media Group’s creative strategy also performed remarkably well in the 'Development - Budget over $20,000’ category, taking out both first and second placings. Emmetts Real Estate’s campaign for '169 -175 Toorak Road South Yarra’ was awarded the illustrious top prize and Allard Shelton’s campaign for '7, 9, 11-15 Fitzroy St, St Kilda' judged the runner-up. Pushing Creative Boundaries – Generating Strong Branding &Targeted Enquiry Levels. Reflecting on the incredible results achieved from the REIV Awards, Ready Media Group Director, Rob Langton said 'Together with the continued growth of the Ready Media Group, we see a significant opportunity for our recently formed creative services division. Our single-minded objective is to offer property clients an innovative creative marketing service, which produces strong visual branding and importantly, generates targeted and qualified enquiry levels for our client’s commercial real estate assets’. “With our expert teamof in-house creative resources across all core disciplineswe are proud to be recognised in a number of this year’s REIV’s award categories. This feat is a testament to our team’s dedication andmotivation to push the creative boundaries”.

08

Congratulations to JLL, Emmetts Real Estate &Allard Shelton, on achieving exceptional results for their respective REIV awardwinningmarketing campaigns.

SummaryOf Results Development - Budget under $20,00 0

1st: McKean McGregor | Campaign: Forest Ridge, Strathfieldsaye

2nd: Allard Shelton | Campaign: 7Wightman Street, Footscray

3rd: Savills (Vic) | Campaign: 65 Mary Street, Officer

Development - Budget over $20,000 1st: Emmetts Real Estate | Campaign: 169 -175 ToorakRoad SouthYarra

2nd: Allard Shelton | Campaign: 7, 9, 11-15 Fitzroy St, St Kilda

3rd: Fitzroys | Campaign: Lots 13, 14 & 15 Central Boulevard, Armstrong Creek

4th: Savills (Vic) | Campaign: 8 Gordon Street, Elsternwick

SpecialisedProperty 1st: Jones Lang LaSalle | Campaign: JLL - Eureka Skydeck

2nd: Allard Shelton | Campaign: 74Armstrong St, Middle Park

3rd: Gorman Commercial | Campaign:1 Ellsa Street, Balwyn North

09

Market Overview - NSW

NSW Market Overview from Henry Burke Colliers

Q. What are your expectations for the residential development sites property market over the next twelve months? A. We expect to see demand levels remain at a record high, which will result in record prices being achieved for development sites. We are currently appointed on approximately $1.1 billion worth of development sites. These sites range from boutique, high-end apartment sites through to large master-planned communities and residential land subdivisions. We are confident that the market will remain buoyant as we close out 2021 and focus on a strong market in 2022. Q. Talk us through the most significant deals you have transacted thus far in 2021. A. The first half of 2021 saw our team transact over $600 million worth of sites with a further $150 million recently exchanged or in due diligence in Q3 2021. Key transactions for Colliers Residential Sites team include: Bingara Gorge, Wilton, a residential land subdivision which sold for $220 million St Leonards & Crows Nest sales totalling over $200 million which range from townhouse sites to high-density mixed-use and residential apartment sites.

Q. What have been the fundamental drivers of demand amongst buyers? A. Low supply levels of sites in the marketplace, low levels of planning approvals, strong capital, and the low interest rate environment, all combined with the tight supply paradigm for new housing in the Sydney Metro market, have played a role. These factors have combined to drive strong levels of activity and subsequent demand for development sites in 2021 thus far. Q. Reflecting on recent transactions, what has been the profile of developers and has this shifted from previous years? A . Previous years saw the rise of the offshore developer, mostly fromAsia, whilst recent activity has been more localised. We are seeing strong enquiry levels from all developer classes, which ranges from small to medium sized private developers all the way through to large public companies looking for well-located residential development sites. Q. What types of sites are most in-demand given the current strong residential housing market environment? A. All residential development asset classes are in high demand, we’ve been active across all development types including residential land subdivisions, town house and apartment sites in the Sydney Metropolitan region. On average within each campaign, on or off market, we are experiencing approximately 15 offers across all development site classes. Q. How would evaluate the impact of the past eighteen months in the residential development sites market? A. Due to the uncertainty of Covid-19 we witnessed a relatively slowmarket in Q2 & Q3 2020, but we saw a surge in activity in Q4 2020 which has remained strong throughout 2021. The low levels of supply in the marketplace will be sure to further propel developer interest and activity throughout 2021.

10

NSW Lis t ings

11

Property Listings

NSW

Connecting people&property, perfectly.

433-437 Pacific Highway, Asquith NSW .

For Sale Expressions of Interest closing Thursday, 30 of September at 4pm (AEST) .

Meticulously designed DA & CC approved residential development site that perfectly encapsulates the renowned leafy Upper North Shore lifestyle. 433-437 Pacific Highway, Asquith offers an outstanding opportunity to acquire a DA & CC approved residential development site in the tranquil and leafy suburb of Asquith. With a lack of adequate housing supply in the Upper North Shore, this DA approval provides the perfect mix of housing options for young families and professionals wanting to capitalise on the abundance of surrounding amenity and excellent public transport links. The development has been designed in such a way to compliment the demand in the Upper North Shore by offering 34 oversized residential apartments, each with generous balconies. The apartment mix consists of 5 one bedroom apartments, 25 two bedroom apartments and 4 three bedroom apartments with basement parking allowing for 41 car parking bays.

DA & CC approved residential development site

Mix of 1, 2 and 3 bedroom apartments

Approval for 34 oversized apartments

Substantial land holding of 1,873 sqm*

Short walk to Town Centre and Train Station

Corner and rectangular site

Cameron Fitzgerald 0432 096 135 Anthony Pirrottina 0402 666 093

View Listing

12

Property Listings

NSW

The Property Development Review

Connecting people&property, perfectly.

Lot 6 Balmoral Road, Bella Vista NSW .

For Sale by Expressions of Interest closing Thursday, 30 September at 4.00pm (AEST) .

On behalf of Jonathan Henry, Barry Kogan, Jason Ireland and Jason Preston of McGrathNicol, as Receivers and Managers of the Mortgagee, Knight Frank is excited to present a DA approved development site with 18,801 sqm* GFA in a premium Metropolitan Sydney postal code. Spread out over three (3) low rise buildings with underground parking, the development benefits from intelligent design to includespacious, flexible interiors that attract owner occupiers, growing local families, and the emerging “Work From Home” demographic.

DA approved for 109 apartments

750 m* to Bella Vista Station

• DA approved for 109 apartments

• Spacious and flexible design

18,801 sqm* GFA not to be repeated

R1 General Residential zoning

• 750 m* to Bella Vista Station

Under Instructions from Jonathan Henry, Barry Kogan, Jason Ireland and Jason Preston as Receivers and Managers of the Mortgagee

Mark Litwin 0415 742 605 Grant Bulpett 0415 558 226 Dominic Ong 0468 969 298

Basement level

Premium North West postal code

View Listing

13

Property Listings

NSW

Connecting people&property, perfectly.

Outline indicative only

3-5 Railway Parade, Engadine NSW .

For Sale by Expressions of Interest closing Thursday, 21 October at 4pm (AEST) .

Dual frontage land holding with significant development potential

Knight Frank is thrilled to offer to the market the opportunity to purchase an outstanding high profile development site, situated at 3-5 Railway Parade, Engadine. The property comprises 1,469 sqm* of prime land, fronting both Railway Parade and Old Princes Highway, Engadine. The site benefits from a B3 Commercial Core zoning and 20mheight limit, offering multiple development options (STCA). The site is prominently located along Railway Parade, benefiting from ease of access to public transport, major eateries, local cafes, retail stores, health and education centres.

Significant development potential

Substantial 1,469 sqm* site

Exceptional Engadine town centre location

Abundant amenity surrounding site

• Freehold residential and commercial development opportunity

• Situated over a substantial 1,469 sqm* land parcel

• A short stroll to Coles, Woolworths, ALDI & IGA

Benefits from ease of access to public transport

B3 Commercial Core zoning and 20m height limit

James Mulcair 0410 483 422 Ben Mostyn 0477 213 947 Demi Carigliano 0423 015 815

View Listing

14

Property Listings

NSW

The Property Development Review

Connecting people&property, perfectly.

25 Ray Road, Epping NSW .

Auction 30 September 2021 via Online Auction by Cooleys Auction Centre .

DA Approved Childcare Centre in Epping - No basement required.

Knight Frank as the exclusive selling agent is delighted to present for sale 25 Ray Road, Epping; a rare DA approved childcare development site in Sydney’s North- West.

DA approved 50 place childcare centre

1,349 sqm* site area - 36m* frontage

The property is for sale via online auction - Thursday 30 September from 10:30am held by Damien Cooley’s online portal - AuctionNow.

For further information please contact the exclusive liating agents.

Efficient design with re-use of existing dwelling

No basement required as part of DA approval

Affluent and under supplied local catchment

500m* to Epping station and town centre

Demi Carigliano 0423 015 815 Anthony Pirrottina 0402 666 093 Grant Bulpett 0415 558 226

View Listing

15

Property Listings

NSW

Iconic Opportunity . 764 Forest Road, Peakhurst NSW . For Sale by Expressions of Interest closing 14 Oct 2021 at 4:00pmAEST .

2,669 sqm* land area

Re-develop, renovate or occupy

Character filled property

Outline Indicative

Flexible planning controls

Dual street frontage

Sold as vacant possession

Anthony Pirrottina 0402 666 093 Demi Carigliano 0423 015 815

View Listing

26 Mascot Drive, Eastlakes NSW .

Artist Impression

For Sale

DA Approved for 20 units

R4 High Density Residential Zoning

Projected Income - $400,000 p.a.

Knight Frank, as the exclusive selling agent is delighted to present for sale - 26 Mascot Drive, Eastlakes; an increasingly rare DA approved development site in Sydney's tightly held South Sydney.

The subject site is well serviced by an abundance of retail, transport and entertainment amenity.

James Masselos 0433 027 821 Demi Carigliano 0423 015 815 Anthony Pirrottina 0402 666 093

Markers Indicative

View Listing

16

You Asked for Reasons to Sell Elsewhere. We Listened.

Property Listings

NSW

The Property Development Review

DA Approved Mixed Use Development Site . 1552 - 1560 Canterbury Road, Punchbowl NSW . For Sale by Expressions of Interest closing 30 September 2021 at 4:00pm (AEST) . Media Kit 2020 – 2021

DA Approved development site

66 residential apartments

Majority 2 & 3 bedroom

Artist Impression

The property is DA approved for the construction of 66 oversized residential apartments, surrounded by a wealth of transport and amenity.

Andy Hu 0410 868 066 Rita Feng 0467 674 802

Anthony Pirrottina 0402 666 093 Demi Carigliano 0423 015 815

Outline is indicative

View Listing

Looking for a commercial investment property? Search on CommercialReady

Visit commercialready.com.au for more info.

17

Property Listings

NSW

Accelerating success.

The Stockyards of Camden – A Key Development To Unlocking Endless Potential For Sale

Artist’s impression

Outlines indicative only

30-34 Edward Street, Camden NSW 2570 Intl. EOI closing Wed, 20th October 2021

+61 400 480 088 Anthony Rees +61 423 086 593 Thomas Mosca +61 488 748 186 Nick Estephen

Diverse Mix of Tenancies in Development 

B4 Mixed Use & RU1 Primary Production Zoning 

Proposed Gross Floor Area of 15,384 sqm ^ 

Potential Gross Income of ~$6.2 million per annum^* 

Flagship & Quintessential Development 

colliers.com.au/p-AUS66014522

* Approx. ^ STCA

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A historic opportunity of a lifetime awaits in Camden

Colliers in conjunction with Inglis Property Macarthur are delighted to offer a piece of exquisite history filled with an exciting development concept for sale via international expression of interest. The project is known as ‘The Stockyards of Camden’, 30-34 Edward St, Camden presents the largest mixed-use parcel in the Camden CBD. The Opportunity: Inspired by the iconic ‘Grounds of Alexandria’ and ‘Hive Byron Bay’, the Stockyards of Camden development has been designed to envisage a unique destination centre for Camden, attracting visitors to the town and serving locals with an array of new retail and lifestyle offerings, providing a complete refresh to the town, whilst upholding the rich heritage of Camden. Appointed Architect from ARDesign Ronald Azzopard said "The philosophy of this development is to provide a destination shopping experience with a link to the heritage of this site and the surrounding Camden township. This development will utilise all sustainable and recycled material and will provide an open welcoming space that will entice visitors and will allow them to browse and engage vibrant retailers within this casual and relaxed safe setting" Erected in the shape of a battle-axe, the property sits on 2.82 Hectares* of prime Camden land and is labelled under a B4 Mixed Use and RU1 Primary Production zoning. The site generates a holding income of $150,000 per annum to family business ‘ Jim Hindmarsh & Son’, who run and manage the livestock in the saleyards. The lease entails a 5 year term with fixed 3% annual increases, expiring in November 2025. Commenting on the exciting opportunity, Colliers Expert Agent Nick Estephen said “Taking inspiration from iconic mixed-use developments such as The Grounds of Alexandria, Hive Byron Bay & Habitat Byron Bay, The Stockyards of Camden has been designed and will be built on the philosophy of creating a unique destination centre, serving all communities, both locals and visitors, through quality experiences, products, innovations, and an endless vision that will sympathetically marry Camden’s unique rich history with its vibrant future potential.” History: Dating back almost 100 years ago, the original yards were constructed from seasoned turpentine posts with three rails bolted 200mm x 75mmof northern hardwood. A circular sale ring approximately 17 metres diameter accommodated 300 persons and raised auctioneer’s rostrum. This structure was lined by two layers of red mahogany with the existing single storey red brick administration building and toilet block still existing from this period. In January 2013, Jim Hindmarsh and Company took over the running of the Camden Livestock Selling Centre which is today known as Hindmarsh Inglis Livestock Selling Centre.

The company has been operating since 1995 and is a 100% locally owned family business servicing livestock and property needs throughout the Southern Highlands, Goulburn, Camden, Braidwood, Nowra & beyond Location & Growth: The Camden Local Government Area offers beautiful rural landscape scenery, whilst the town is filled with natural rich heritage. Camden is renowned for its a mix of agricultural land, historic country towns and villages. The area poses great potential for new residential areas, commercial and industrial development. The growing LGA sat at 49,645 residents back in 2006 and currently stands at approximately 110,600 people. The emerging area is projected to boom in population over the next 15 years, forecasting to grow to grow by 5.63% annually to 2036. Placed at the entry of Camden Town Centre, the Stockyards of Camden is positioned in Sydney’s South-West. The property sits approximately 50 kilometres South-West of Sydney CBD and 20 kilometres South of the future Western Sydney Airport. 30-34 Edward street, Camden is strategically placed within close proximity to the Camden CBD, the Argyle retail strip, and the site is surrounded by key Camden amenities such as the Camden Hotel, Camden Library, St Paul’s Primary School and Camden Grove. With refence to accessibility, the site provides easy access to surrounding major roads including Camden Valley Way, The Northern Road and Camden Bypass. “I describe the town of Camden as a beautiful green Village styled suburb similar to the Southern Highlands, but I would say that Camden has a far more rich heritage that is the birthplace of Australia’s wealth. The vision of the Stockyards of Camden is the Grounds of Alexandria meets Harris Farm. It’s a destination centre. The Sydneysiders and the people that want to come out on the weekend who want to experience that rural lifestyle and escape the city will be able to come here to a destination centre that is putting

Camden on the map for the future” Said Peter Crown (Resilient Group)

“The complex will be a symbolic landmark buzzing with life where locals can shop, work, and play 7 days a week along with visitors, who will have access to shops (from bespoke local artisans to a premier greengrocer supermarket), cafes, restaurants, microbrewery & beer garden, bakery & patisserie, medical, health & wellness facilities, whole food markets, childcare, wedding/function facilities and much more.” said Colliers Expert Agent Thomas Mosca.

THE STOCKYARDS OF CAMDEN IS BEING OFFERED FOR SALE BY INTERNATIONAL EXPRESSION OF INTEREST (EOI) CLOSING WEDNESDAY 20TH OCTOBER 2021 AT 2:00PM (AEST).

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Property Listings

NSW

Accelerating success.

Block of 12 Strata Apartments - Dev Site or Trophy Investment For Sale

5 Morton Street, Wollstonecraft NSW For Sale by Expressions of Interest closing Thursday 7 October 4.00pm (ADST).

0418 238 636 Henry Burke 0404 887 717 Guillaume Volz

Site Area 1,474m²* 

R4 High Density 12 metre height 

Picture perfect position 

Transport Education Amenity Health 

Raw site with excellent scope 

colliers.com.au/p-AUS66014361

* Approx.

Accelerating success.

Modern Office Building with Upside For Sale

343 Pacific Highway, North Sydney NSW By Online Auction, Thursday 7 October 2021

0405 693 696 Tom Appleby 0418 238 636 Henry Burke

NLA 85m²* SITE 474m²* 

13 car spaces (1:66) 

B4 Mixed use zoning 13 metre height 

Multiple value-add propositions 

Recently extensively refurbished 

colliers.com.au/p-AUS66014424

* Approx.

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Property Listings

NSW

Accelerating success.

Occupy, Invest or Develop Auction

Outlines indicative only

570 Blaxland Road, Eastwood Thursday, 7 October 2021 at 10:30am

0405 693 696 Tom Appleby 0411 709 666 Miron Solomons

Land area 900m* 

Gross floor area over 2,000m* 

Valuable multi level parking 

5.5 starts Energy 

Landmark trophy asset 

0412 236 138 Steam Leung 0452 070 980 Joseph Lin

colliers.com.au/p-AUS66013699

* Approx.

21

Property Listings

NSW

90, 92 & 94 Stoddart Street ROSELANDS NSW 2196

• Ready to build, DA approved & CC near completion. • Quiet and convenient neighbourhood location. • Walk to shopping centre, golf course, cafes and minutes to M5 . • Massive land area of 2440 sqm. • Approval for 16 Luxurious town homes. • Selection of 2,3,4,5 bedrooms homes. • Basement for convenient parking and storage. • Roseland is the highest growth market in the inner south of Sydney. • Excellent of upsizes, downsizes and families stepping into the market.

RARE DA APPROVED TOWN HOMES SITE

Contact Agents to register for Due Diligence material.

Ari Danas Danas Property M: 0411 359 999

John Gymellas Raine & Horne Bexley/Beverly Hills M: 0424 192 787

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Property Listings

NSW

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Property Listings

NSW

PRIZED R1 ZONED BELLA VISTA PROPERTY | 18,790SQM Bawdens are pleased to present 40 Memorial Avenue, Bella Vista for sale via Expressions of Interest. An outstanding raw offering of 18,790sqm located in the highly sought-after suburb of Bella Vista. This property is well serviced by public transport which include Bus and the recently completed Rail Network.

Key features of the offering include: • Strong demand for residential properties in the region • Castle Hill and Norwest Trading Zone are nearby • Existing improvements consist of four-bedroom residence • Situated near new and established hospitals, retail centres and schools • Property is for sale via Expressions of Interest closing Thursday 21 October 2021

Victor Zerefos 0416 047 288 zerefosv@bawdens.com.au

www.bawdens.com.au

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Property Listings

NSW

25

Property Listings

NSW

Luxury Apartment Development Site 618 - 622 Old South Head Road, Rose Bay 2029  R3 – Medium Density Residential Zoning  Consolidated land area of 1,234sqm*  Wide Street frontage of 25 metres*  Height Limit 10.5 meters & FSR 1:1  3 Lots to be sold in one-line

For sale by EOI. Closing Thursday 30th September at 4:00pm

Steven Kruyer 0414 404 070 steven.kruyer@stantonhp.com

*approx.

stantonhp.com

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Property Listings

NSW

The Property Development Review

AUCTION

IN1 ZONED RAW DEVELOPMENT OPPORTUNITY!

IN1 ZONED RAW DEVELOPMENT

NSW, Silverwater: 14 Fisher St

+ Site Area: 691sqm* + Zoning: IN1 General Industrial + Occupy or Invest + No GST Payable! Short Term Lease!

AUCTION: 08/10/2021

+ Opportunity to construct a circa 500sqm* freestanding building (S.T.C.A), which makes this property very attractive to both owner occupiers and investors

PUBLIC ONLINE AUCTION ON FRIDAY, 8TH OF OCTOBER 2021 AT 3:00PM

FISHER STREET

ROBERT DOWDY +61 499 007 000

RAJ CHAUDHARY +61 414 485 456

Outline Indicative

cbre.com.au/properties

*approx

FOR SALE

R4 HIGH DENSITY DEVELOPMENT SITE (STCA)

DEVELOPMENT SITE

NSW, Mount Druitt: 15-19, Durham Street

+ Concept for 64 residential apartments (STCA) on a generous 2,070sqm* site area + R4 High Density Residential Zoning permitting a large residential development, shop top housing, childcare, multi-dwelling housing, place of worship, community facilities, or the opportunity to build your dream home + To be sold in-one-line + 950m* from Mount Druitt Train Station + Within proximity to Mount Druitt Station, Mount Druitt Westfield, Mount Druitt TAFE, Mount Druitt Hospital, schools, and parks + Fantastic ease of access with the M4 Motorway, Great Western Highway, and bus facilities in proximity

ONLINE PUBLIC AUCTION ON THURSDAY 23 SEPTEMBER AT 10:30AM AT AUCTIONWORKS (REGISTRATION, ONLINE BIDDING & LIVESTREAM AVAILABLE)

RAYMOND AHSAN 0434 666 411

LORD DARKOH 0434 675 724

ALEX MIRZAIAN 0400 523 523

Outline indicative

cbre.com.au/properties

*approx

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Property Listings

NSW

‘Last (Mile) of its Kind’ – Redevelop or Occupy For Sale

• Substantial Site Area of 19,350m 2 • 9,790m 2 of Existing Improvements • Significant Development Upside** • Multiple Exit Strategies • Tightly Held Market In Prime ‘Last Mile’ Location • Zoned B5 Business Development • Adjoining Bunnings Warehouse Gladesville • 10km* To Sydney CBD • 8.5 Radial Kilometres From The City’s CBD * * 461 Victoria Road, Gladesville, NSW *

**STCA *Approx

EOI Closing on Thursday, 7th October 2021 at 4pm (AEDT)

Michael Fenton 0404 853 624

Tim Paxton 0432 760 274

Jason Wright 0418 759 156

Michael Wall 0415 057 637

Angus Grier 0412 666 444

ADVERTISE IN TPDR

Reach a wide audience pool by advertising in The Property Development Review. Call 03 9631 5476 or Email ted@readymedia.com.au

Click for More Info

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Property Listings

NSW

nextinvestment Exceptional Light Industrial Estate

3 Luke Close, West Gosford NSW

For Sale via Public Auction on Tuesday 28th September, 2021 Easy access to West Gosford retail hub & Gosford CBD & close proximity to major roads & transport links to Sydney including M1 Pacific Motorway & Gosford Railway Station + 4,099 sqm site with dual street frontage + Potential to redevelop (STCA) + Zoned IN1 - prominent location

Next Commercial Brad Hillier 0405 371 109

www.nextcommercial.com.au

AUCTION THURSDAY 21 OCTOBER 12:00PM

Outline and Locations Indicative Only

THE ULTIMATE OPPORTUNITY: A DEVELOPMENT SITE WITH HOLDING INCOME

• Current holding income of approximately $130,000pa (with potential to increase) • Zoned R1 • Lapsed DA (2018) for 110 units - documentation is ready and can be re-lodged • Current DA approval for 7 lot sub-division comprised of; - Six 550-650m 2 * house blocks (all duplex sites) - One x 1795m 2 * development site - which can be further sub-divided into three additional lots or 23 units, a boarding house, a childcare centre or an over 55's (STCA) *Approximately

service providers - all key amenities are in close proximity. Professionals and families are drawn to the area - which has all the attractions and amenities of the Central Coast within easy reach, whilst Sydney is an easy commute away (approx. 60 mins). The Owners' Favourite Part: The opportunities with this site are endless. With a lapsed DA, investors can be confident they should receive council approval for a multi-unit development with 110 properties. Features include; • Total of seven blocks with three street frontages

Ormond St and Range Rd, North Gosford Here lies the ULTIMATE development opportunity (STCA). Receive a steady income streamwhile obtaining the required approvals to develop this site and forever increase your revenue. A total of 5528m 2 *made up of 7 blocks, this site occupies a fantastic position close to Gosford CBD, hospitals, waterfront and train station. Gosford is a sought after destination which attracts infrastructure investment and has a bright future as the key conduit fromSydney to the Central Coast. Home to the Central Coast Stadium, a selection of quality schools, shops, cafes and

WHAT WILL YOU DOWITH THIS SITE? CONTACT LARRY ALTAVILLA ON 0409 666 577 TODAY TO DISCUSS YOUR PLANS.

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