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Real estate to benefit from technology change!

At the Raine & Horne Commercial Insights seminar at the Westin Sydney last week Nerida Conibee Chief economist at REA predicted that in a world of technological change industrial real estate would be the big winner.

Alan Tonks of Raine & Horne Commercial Newcastle who attended said “while the retail industry is observing with great interest how their businesses will be affected by the arrival of Amazon many of the technology … Read the full post »

WICKHAM STRATA UNITS POPULAR WITH INVESTORS

A business park in Annie Street, Wickham is seeing plenty of activity of late with 4 of the 8 strata units being sold, whilst another 3 have just been brought to market by Jason Morris of Raine & Horne Commercial Newcastle. Built in 2008, the concrete construction units offer a unique mix of ground floor warehouse whilst having a first floor office space above. Each unit includes on-site … Read the full post »

Sizzling September Auction (2017)

Sydney and Newcastle buyers gunning for commercial property at Fort Scratchley auction
Newcastle NSW (19 September 2017) – A private Sydney developer has paid $1.75 million for a 2000 square metre site in the heart of Nelson Bay. The strong result proved to be one of the highlights of Raine & Horne Commercial Newcastle’s Super Action held last week at iconic Fort Scratchley.

“Nine commercial properties went under the hammer at the … Read the full post »

Mixed Use Building

Times have certainly changed in the past few years for the West end of Newcastle’s main street. The construction of major projects such as the Wickham rail interchange & Newcastle University city campus; together with multiple residential and office tower constructions have ignited development in this once dormant part of the CBD.
Raine and Horne Commercial Newcastle have listed for sale … Read the full post »

Hunter Valley Gem

A well exposed bottle shop at Abermain is to be put to Auction by Raine & Horne Commercial on the 14th September 2017.

The property has the benefit of a fresh 5 year lease plus options until 2037. It is currently leased to the well-known Ice Box Liquor group who have over 18 other branches throughout New South Wales and are … Read the full post »

Hunter industrial property vacancy rates fall to lowest levels in four years

The latest Raine & Horne Industrial Average Index has revelaed a fall of 1% in industrial vacancies between January and July 2017.

 

The index measures the vacancy rates of major industrial centres in Newcastle and the Lower Hunter.

 

The fall is a result of the leasing, or sale, of 30,000 square metres of industrial floor space in the past 6 months. Moreover, the average has fallen to its lowest level since January … Read the full post »

A great example of the old meeting the new!

So often these days we hear the terms urbanisation or modernisation, but what does that actually mean in terms of the buildings?

Well generally it all starts with the properties zoning which can free up many more uses than the properties former life. Commonly the properties are industrial or office buildings that have already been surrounded by residential development.

Take the example of 12 Power Street, Islington…. Read the full post »

What’s in a name?

Photo: Carrington Shipbuilding Facility
Shakespeare’s Juliet once famously pondered: “What’s in a name?”

Through the star-crossed lover, the Bard was arguing that 400 years ago, names were secondary to where an individual  might be domiciled. But since the late 16th Century, it appears that names and locations have become increasingly important in life, business and commercial real estate.

To illustrate, a few years … Read the full post »

What will Newcastle Become?

The last month has seen some tremendous announcements by the NSW Government that will have a lasting impact on the long term stability of Newcastle City.

September saw the University of Newcastle enter into discussions with the Government about acquiring a further 2 ha of land in (3) parcels behind Wright Lane and along the rail corridor.

On a Real Estate study tour of the USA’s west coast in 1996, I came … Read the full post »

Future Developments for Newcastle

You can’t help but be excited when you look around our city and see tower cranes doing  their stuff – guys and girls in their fluros heading to their building sites from 5:30am onwards, hanging out in the sandwich bars and coffee shops spending their lunch money.

I hear a lot of talk about too many apartments, Newcastle will be flooded – prices will go down and yes I think some people will miss the mark, … Read the full post »

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