Commercial Real estate
Transcript: Queen St Mall Market Conditions Independent Property developer Calamvale Center - 50% of tenants are national businesses •Established in 2002 •Sale portfolio is worth over $400million dollars Morayfield, QLD Retail Floor Area: 24,248 m Sold: $41,390,000 PAMDA FORMS Any Questions? Thank you for your attention! Property Features Tenants Internet -974 carparks Recent Sales Direct mail - 3 storey retail building - Site Area: 1000 m² - Floor Area: 3,144 m² - Developed by Citisite Holdings, 1987, $19 million - Tenants: Mr Toys Toyworld, The Reject Shop, ICE and Chicabooti - Fully Net Leased Income: $2,078,000 p.a. - W.A.L.E: 8.1 years 161 Grey Street, South Bank, QLD Hotel/ Leisure and Retail Sold: $36,500,000 Blunder Road Shopping Centre, Oxley, Qld Sold: $20.6million GLA: 7,379sq m ISPT (Industry Superannuation property trust) Budget Market conditions The Nerang Mall Shopping Center Febuary 2012 8,700sqm $23.4 million Centro Townsville March 2012 13,650sqm $36.5 million Target Market Thank you - The Adviser - Broker's Guide - Smart Property Investment - Real Estate Business - Shopping Centre World - Australian Property investor Who is Buying 60 Queen St, Brisbane City Sale Aim: $26 million 8% return for buyer Most inner city properties at present are only offering 7% return for buyers 662 Compton Rd, Calamvale Sale Aim: $80 million Site Valuation (as at 30.06.11): $14 million Project Cost: $53 million 6.8% return for buyer LMAH Real Estate Incorporated Commission: 1.75% 50% share in the Myer Centre March 2012 63,700sqm $366 million Signage LMAH Real estate incorporated PRICE EXPECTATIONS Myer centre Nerang shopping Mall Centro Townsville What is selling -17,325 m² shopping centre -Opened in october 2007 -Located at 662-668 Compton Rd http://www.realcommercial.com.au http://www.reiq.com http://www.commercialrealestate.com.au/ http://www.sterlingpublishing.com.au/print http://www.apimagazine.com.au/ Property features Marketing Strategy -Sale by Tender -Effective in higher end markets, with larger investors -Generates competition -Buyers determine their own estimates for market value -Creates sense of urgency in the purchasing process - PAMD22a- Appt Act RE Agent Sales - PAMD21a- Appt Act Commercial Prop - PAMD23- Notice to Re-appoint RE Agent - PAMD24a- Appt to Act as Auctioneer - PAMD27c- Selling Agents Dis. To Buyer - PAMD30c- Warning Statement - BCCM Form 14 – Body Corporate declaration - PAMD28- Disclose Beneficial Interest to Seller - PAMD32a- Lawyers Certificate - PAMD20a- Appt to Act Letting & Prop Mgt 60 Queen St Mall Stocklands LaSalle Australia core plus Market Conditions Calamvale Centre Advertorial Sales Strategy -Woolworths -Big W -Dick Smith Target Market