As we reach the midpoint of the year, we look at CommercialReady's most viewed commercial property listings of the quarter.
In no particular order, we are excited to present our 10 most popular listings:
8-22 Ware Street, Thebarton, SA 5031 - Ray White
This office / warehouse investment brought to us by Ray White's David Scalamera and Juan Gaviria proved to be one of our most popular to come out of South Australia for the quarter. With a prime corner position, a modern quality office, and a strong recently commenced 5+5+5 year lease, it comes as no surprise that this listing was rather popular on CommercialReady.
KFC Bairnsdale, 301-303 Main Street, Bairnsdale, VIC 3875 - JLL
Marketed by JLL's Tom Noonan, MingXuan Li and Jarrod Herscu, this rare opportunity to purchase a freehold investment leased to one of Australia's leading fast-food brands piqued the interest of many investors. Our data has shown that retail investments showed strong performance over the quarter as investors look for capital-producing assets, and this retail investment came with a 7-year lease, with a passing income of $161,000 p.a plus GST.
32 French Avenue, Brendale, QLD 4500 - Ray White Commercial
Located in Greater Brisbane, this industrial investment, brought to us by Ray White Commercial's Brocke Hambrecht and John Dwyer, received strong interest from our investor audience on CommercialReady. With industrial vacancy rates across Australia remaining some of the lowest around the globe, this 1,515 sqm GLA industrial investment was quickly snapped up at auction. While it did come with vacant possession, it has likely been tenanted since it sold, considering current industrial vacancy rates.
93 Cabramatta Road, Mosman, NSW 2088 - Burgess Rawson
A mere 5km away from Sydney's CBD is where we see our next investment; a tenanted childcare investment brought to market by Burgess Rawson's Michael Vanstone, Yosh Mendis and Natalie Couper, producing $121,434 p.a for the eventual investor. Boasting a 20-year triple net lease, fixed 3% annual rent increases, no stamp duty and all outgoings paid for by the tenant, it is no surprise that this grade-a investment was one of our most popular listings on CommercialReady.
29-31 Dixon Road, Rockingham WA 6168 - Sullivan Property Consultants
Marketed by Sullivan Property Consultants' Brian Sullivan, this fully leased service station and multi-tenanted showroom complex is a once-in-a-generation investment opportunity from Western Australia. Holding 9 tenancies leased to 4 tenants under 5 leases, with a leading tenant being Ampol Petroleum, this investment has a combined net income of approximately $562,000 p.a.
Situated in the core of the Adelaide CBD, at arguably one of the best addresses in the city, this investment brought to market by JLL's Ben Parkinson, Simon Hilmgard and Claudia Brace is one to behold. Featuring 1,487 sqm of net lettable area across 7 levels, a unique tenant mix featuring commercial, education and residential tenancies culminating in a fully leased net income of $264,000 p.a., it's clear why this investment was so popular on CommercialReady.
11 Kortum Drive, Burleigh Heads, QLD 4220 - Lacey West
Nestled in the vibrant and sought-after suburb of Burleigh Heads, this investment holds an estimated income of $288,107 p.a. from four separate fully leased tenancies, which helped it become one of our most viewed from Queensland. Marketed by Lacey West's James Borbidge, Josh Cruden and Tony West, this investment is poised to grow, with its income increasing by ~$7,000 by September.
19 Ashford Avenue, Milperra, NSW 2214 - X-Commercial
Quality industrial investments can be few and far between, and this investment was one of our best industrial assets to come out of New South Wales for the quarter. Brought to market by X-Commercial's Osman Omar, the asset holds a net passing income of $450,000 p.a., with 4% annual increases, as well as a site area of 5,644 sqm allowing a development upside if the buyer wishes to.
230 Somerton Road, Roxburgh Park, VIC 2064 - GormanKelly
Our second fast-food investment to feature on this list also comes from Victoria, and is coincidentally, also a KFC. Marketed by GormanKelly's Nick Breheny, Robert Kelly and Francis Sbaglia, this investment came leased to one of KFC's largest franchisees, RG Restaurants, and comes with a 16-year triple net lease, meaning that the tenant pays all outgoings including land tax and maintenance, on top of generating $142,223 net p.a. plus GST. with this in mind, it comes as no surprise that this investment was quickly purchased by an astute investor.
56 Victoria Street, St James, WA 6102 - Burgess Rawson
Burgess Rawson's Natalie Couper and Chris Carcione presented us with this fantastic entry-level childcare investment in Perth. This well-established centre of 19+ years holds a rental income of $55,000 p.a., the tenant is also responsible for all outgoings, including land tax, rates, insurances and management fees, as well as 3% CPI rental increases, and is positioned approximately 500m from the Santa Clara Primary School.
Q2 had some incredible listings, with a range of opportunities suitable for all investors, big and small. If you want to keep up-to-date with the latest listings across Retail, Industrial, Child/Healthcare, Hotel/Leisure, Offices, Farming and Other asset classes, be sure to subscribe.
