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Notable Sydney hotel offered as part of premium investment portfolio

Ritz Hero

Many of the properties within the portfolio are leased to blue chip tenants including NAB, TAB, BP and Viva Energy.

A significant and high-performing landmark in Sydney’s inner west has come to market as part of Colliers’ final National Premium Investment portfolio of 2022.

The Marrickville Ritz, a top 50 performing pub of NSW, is just one of 10 properties throughout NSW and Queensland that are part of the portfolio, including brand new service stations and larger scale high-yielding investments.

With a site area of 942sqm and strong net rental of $544,679-plus GST per annum, the Ritz is considered the jewel in the crown of the Illawarra Road and Marrickville Road retail precinct. It provides plenty of potential with its flexible B2 Local Centre zoning and a building height of 20 metres, allowing for a possible future mixed-use development.

Much of the appeal of the portfolio is that the properties are leased to blue chip tenants including NAB, TAB, BP and Viva Energy, as well as national chains like Carpet Court, Beaumont Tiles and pub operator PHMG Group.

There are four properties located across Sydney, including the Ritz in Marrickville, a NAB Bank in Cabramatta, Domino’s Pizza in Baulkham Hills and TAB in Yagoona. There are three throughout regional NSW in South Nowra (2) anchored by Carpet Court, Beaumont Tiles and Central Storage and a brand new Shell Service Station in Tomago, and three in Queensland in Slacks Creek, Sippy Downs and Southport.

The various properties are listed through Colliers and will all go to public auction on Thursday 24th November, 2022 at 1:00pm at Colliers Sydney Office.

“It’s only early days, but it appears that investor demand remains resilient in response to the changing property market,” Colliers National Director Harry Bui said. “Investors are competing at the lower end of the property market and we are already seeing anecdotal evidence that this is creating a flow-on stimulus to the rest of the market as investors upgrade to bigger or better properties.”

“Strength of tenancy, length of the lease are risk factors and will come under close scrutiny from buyers. Multi-tenancy properties where risk can be spread, together with blue chip-leased properties, will become sought-after and this will be reflected in the yield and prices that will be achieved,” Harry Bui further added.

“The market for premium investments in Queensland including Service Stations, Fast Food, banks, childcare and medical practices with long lease terms and quality covenants remain tightly-held and highly sought-after by investors seeking security. The demand for premium assets in Brisbane and Gold Coast currently outweighs supply resulting in competitive bidding and continued yield compression,” Colliers National Director Hunter Higgins said.

The portfolio features an average WALE of four years and is the largest national premium investment offered by Colliers this year, with combined pricing of circa $80 million expected.

“Centrally located within a master-planned community and flanked by one of Australia’s largest operators of retirement living resorts, Ocean Family Medical Centre is a unique investment opportunity for the astute investor,” Daniel Vella, listing agent of the Sippy Downs property said.


Related Experts

Harry Bui

Head of Asia Markets | Australia

Sydney

I am one of the most respected real estate professionals with significant experience in both domestic and international commercial real estate transactions with expertise in Commercial Real Estate Sales and Consulting.

Leading the strong performing national Asia Markets platform, our team and I service a broad range of clients including Ultra High Net Worth Asian Private Clients, Private Family Office, Large Property Trusts, Institutions at Colliers since 1991. 

I have a wide well-established referral network for connecting and accessing to both onshore and offshore capital, particularly from the Asian countries including China, Singapore, Malaysia, Taiwan, Vietnam  and other South East Asia countries for commercial properties in Australia including Sydney, Melbourne, Brisbane, Perth, Adelaide focusing on key market trends and strategy to foster collaboration between Australian and Asian Investment groups and ensuring our valued clients never miss an opportunity to connect with onshore and offshore capital.

I am a driving force for the national premium investment auctions at Colliers International as my national team is dedicated to achieving premium prices for vendors and the 'biggest bang for their buck' through our bespoke  auction strategies.

I am also responsible for outstanding team contribution, excellence in leading successful teams, strong presentation & communications and effective interaction with other business line leaders within the Colliers Global network.

I am capable of working successfully under pressure with multi tasks in a fast paced environment and highly self-motivated with a hands-on attention to details that only personal experience can bring.

Specialities:

- Commercial real estate investment brokerage;
- Development site sales;
- Deal-sourcing;
- Acquisition and development;
- Investment underwriting;
- Market analysis;
- Structured transactions;
- Complicated partnership dispute disposal (section 66G);
- Government, corporation and Insolvency solutions;
- Due diligence and
- Leasing. 

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Hunter Higgins

National Director, Brisbane City & Metro Sales | Investment Services

Brisbane

Hunter Higgins joined Colliers in 2010 and has been leading the Brisbane Investment Services team for the last 5 years.  

Hunter and the team offer their clients a tailored service by specialising in sales across the following investment property categories: office and retail, mixed-use development sites, office and retail strata property, Asia markets, premium investments and Restructuring Property Services.

With over 20 years’ experience in the real estate industry, Hunter has an exceptional track record and proven success as a market leader. He specialises in the Brisbane CBD and Metro markets with a focus on office and retail investments, and mixed-use development sites.

When it comes to customer service, Hunter invests in relationships to deliver enduring value, and offers enterprising solutions to achieve the best outcome for his clients. He retains long standing client relationships by continually exceeding their expectations through his strong market knowledge, active buyer relationships, solid work ethic, campaign management skills, honest feedback, clear direction and determination to achieve the best possible result.

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Daniel Vella

Senior Executive Commercial Sales & Leasing

Sunshine Coast

Daniel brings 15 years experience in the real estate industry.  Daniel's career started in residential project marketing moving through to development acquisitions, commercial sales and leasing.  Daniel has demonstrated ability in the selling and leasing of strata titled commercial premises on the Sunshine Coast.

Commercial transactions are his consuming passion, being upfront, open and delivering what is promised is important to Daniel.

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