Archive for the ‘Commercial Property Leasing’ Category

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 »

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 »

Retail & Commercial Leases – Knowing the Difference

[caption id="attachment_1071" align="alignnone" width="300"] Hispanic woman hanging open sign on door[/caption]As an owner it is important to understand the difference between a Retail and Commercial lease, it is essential that the right type of lease is in place as the Lease acts as the legally binding agreement between the Lessor and Lessee.

Retail Leases in NSW are governed by the Retail Leases Act 1994 No 46, Retail Leases
apply to a premises in … Read the full post »

The Evolution of Sport and their Associated Buildings

As most people would have seen or come across, it is not uncommon for a former Commercial office building or an industrial warehouse to be converted into residential dwellings and/or hotels – providing that the zoning allows.

In Newcastle right now we are seeing the CBD post office premises proposed to be converted into a hotel; much like other examples that have happened in other major cities -the Westin in Sydney … Read the full post »

An Interesting Part of Newcastle's CBD – Soon to be Sold!

Newcastle City Council are selling one of their assets.

Formerly the Newcastle School of Arts building; 182 Hunter Street is opposite the Urban Growth/GPT development site and also takes in both Wolfe and Scott Street frontages.

Listed as a heritage item of local significance, the site and the building have intrinsic links to Newcastle’s early history.

A study by EJE Heritage gives a timeline of the site stretching back to 1869 when a … Read the full post »

It seems, as Novocastrians we are forever looking forward to change…..

harbourWe looked forward to change at the last state election and the opportunities of hope for a fairer hearing in Government. Four years on and it seems we are once again looking forward to the same thing – change. Yet this time we will be reliant on a new breed of young politicians of the Labour persuasion, in opposition. Let’s hope … Read the full post »

The Hunter Region Needs Change !

Baths B&W
Over the past few months some of Newcastle and the Hunters’ high profile individuals have been copping a pizzling by the media. A lot of this is just cyber bullying in the name of freedom of the press. Why then are we surprised to hear of kids being cyber bullied in the playground when from the time the News starts through to the current affairs programs they … Read the full post »

National Disability Insurance Agency – Newcastle City’s Newest Federal Government Tenancy

It is with great pleasure that I announce National Disability Insurance Agency (NDIA) disability symbolhave taken up tenancy to establish themselves in Newcastle CBD.

In January this year we were approached by government representatives seeking 2,000sqm of office space with good exposure, easy access to the public and with on-site car parking.

The problem was that we had one floor consisting of approx. … Read the full post »

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