Property Portfolio
High Growth Regions
The Rocket
Robina, QLD
Westlawn Building
Lismore, NSW
201 Leichhardt Street
Spring Hill, QLD
183 Varsity Parade
Varsity, QLD
98 - 100 Blundell Bvd
Tweed Heads South, NSW
9 Hercules Street
Hamilton, QLD
Yamba Fair
Yamba, NSW
Yamba Service Station
Yamba, NSW
Zone Underwood
Underwood, QLD
Logan Village Marketplace
Logan Village, QLD
Ormeau Marketpace
Ormeau, QLD
Bell Central
Mudgeeraba, QLD
Byron Bay Fair
Byron Bay, NSW
Tamar Village
Ballina, NSW
45 Alexandra Place
Murarrie, QLD
48 Bel-Are Avenue
Northgate, QLD
Epiq Marketplace
Lennox Head, NSW
Epiq Child Care Centre
Lennox Head, NSW
Casuarina Beach
Casuarina, NSW
Lakehouse Robina
Robina, QLD
EPIQ MARKETPLACE
LENNOX HEAD, NSW
Epiq Marketplace is a neighbourhood shopping centre, which includes Woolworths, 14 specialty stores, Clarence Property’s Northern NSW office and 2 other tenancies.
The Centre was constructed by Clarence Property and opened in July 2020. It is located within the Epiq Lennox residential community also developed by Clarence Property.
Valuation
$33,080,000
Lettable Area
5,475 sqm
Number of Tenants
19
KEY TENANCIES
Woolworths, BWS
Occupancy
89%
PURCHASED
2020
PROPORTION OF TRUST
7%
YAMBA FAIR
1-3 TREELANDS DRIVE, YAMBA, NSW
Yamba Fair is a neighbourhood shopping centre incorporating a Coles, K hub (Kmart), Priceline Pharmacy and 19 specialty stores. A free-standing commercial building is also leased to Centrelink. Recent refurbishments include solar installation and landscaping upgrades.
Yamba Fair is located within an established commercial and retail precinct with further surrounding developments predominantly comprising of residential housing. WPT has owned Yamba Fair since 2001.
Valuation
$35,500,000
Lettable Area
7,710sqm
KEY TENANCIES
Coles, K hub, Priceline, Centrelink
PURCHASED
2019
OCCUPANCY
100%
PROPORTION OF TRUST
8%
BELL CENTRAL
1 BELL PLACE, MUDGEERABA, QLD
Bell Central Mudgeeraba is a modern neighbourhood shopping centre, anchored by a 2,218 sqm Coles, supported by two medical-related tenants and 12 specialties.
The Property is located within the established suburb of Mudgeeraba, approximately 14.5km south of Surfers Paradise commercial precinct, and approximately 89 kilometres from Brisbane CBD.
Valuation
$16,500,000
Lettable Area
3,679sqm
KEY TENANCIES
Coles, Pharamacy, Jetts, Medical Centre
PURCHASED
2015
OCCUPANCY
90%
PROPORTION OF TRUST
3%
BYRON BAY FAIR
BAYSHORE DRIVE, BYRON BAY, NSW
Byron Bay Fair is an open style neighbourhood shopping centre, which commenced trading in 2006.
Current tenancies include SUPA IGA, a medical centre and bottle shop. The Property is located within Byron Bay’s thriving retail, industrial and holiday precinct.
Valuation
$14,000,000
Lettable Area
2,772sqm
KEY TENANCIES
SUPA IGA, Sunrise Cellars, Medical Centre
PURCHASED
2005
OCCUPANCY
99%
PROPORTION OF TRUST
3%
ORMEAU MARKETPLACE
21 Peachy Road, Ormeau, QLD
Ormeau Marketplace is anchored by a 3,994sqm full-line Woolworths supermarket. The Centre features a complementary tenancy mix of six principally service-related tenants.
Ormeau is located 45km south of Brisbane and 35km north of the Gold Coast. Located in the heart of the Brisbane to Gold Coast growth corridor, the area is experiencing solid population growth of 2.4% p.a. and significant retail expenditure growth of 5.7%.
Valuation
$29,000,000
Lettable Area
8,607sqm
KEY TENANCIES
Woolworths, BWS
PURCHASED
2019
OCCUPANCY
100%
PROPORTION OF TRUST
6%
Logan Village Marketplace
2-16 North Street, Logan Village, QLD
Logan Village Marketplace is strategically located in the heart of one of South East Queensland’s fastest-growing residential corridors, only 41km south of the Brisbane CBD.
Logan Village Marketplace is underpinned by a 2,794sqm* strong performing Woolworths supermarket, a new extensive Medical Centre, Pharmacy, Newsagent and a purpose built food & beverage site.
Valuation
$16,000,000
Lettable Area
3,174sqm
KEY TENANCIES
Woolworths
PURCHASED
2019
OCCUPANCY
100%
PROPORTION OF TRUST
3%
NORTH SHORE MARKETPLACE
TOWNSVILLE, QLD
North Shore Marketplace is a multi-tenanted convenience shopping centre anchored by Woolworths and 17 specialities.
The Centre was completed in 2013 and is located in a growth corridor, adjacent to a 5000 lot (approx.) North Shore residential development.
Valuation
$16,677,500
Lettable Area
5715 sqm
Number of Tenants
18
KEY TENANCIES
Woolworths, BWS
Occupancy
92%
PURCHASED
2020
PROPORTION OF TRUST
4%
ZONE UNDERWOOD
COMPTON ROAD, UNDERWOOD, QLD
Zone Underwood is a well-established Large Format Retail Centre. The asset provides a total GLA of 11,067 sqm across 4 stand-alone buildings, which are anchored by Officeworks, Best Friends Pets and Sydney Tools.
The Centre is serviced by 270 car spaces with multiple entry and exit points. Zone Underwood is approximately 20km south-east of Brisbane CBD in a unique and prominent position at the intersection of Compton and Kingston Road, two major arterial roads that carry an estimated 16,000,000 vehicles annually.
Valuation
$33,000,000
Lettable Area
10,067 sqm
KEY TENANCIES
Officeworks, Best Friends Pets, Sydney Tools
PURCHASED
2018
OCCUPANCY
92%
PROPORTION OF TRUST
7%
TAMAR VILLAGE
92 TAMAR STREET, BALLINA, NSW
Tamar Village is a commercial and retail centre located in the heart of Ballina. The property has a strong health and wellness tenant base. In 2018, Tamar Village enjoyed $1.5 million worth of refurbishments.
Valuation
$7,325,000
Lettable Area
2,136 sqm
KEY TENANCIES
Tamar Village Pharmacy, Martin's Bakery, Optimum Allied Health
PURCHASED
2007
OCCUPANCY
100%
PROPORTION OF TRUST
2%
Yamba Service Station
Yamba Road, Yamba, NSW
The new Shell service station is location on the main road coming into Yamba, from the M1, adjacent to Yamba Fair.
This is a single tenant asset with a 20 year lease, which supports Coles in Yamba Fair.
Valuation
$4,510,000
Lettable Area
1,611sqm
KEY TENANCIES
Shell Yamba
PURCHASED
2019
PROPORTION OF TRUST
1%
EAST TAMWORTH MEDICAL CENTRE
279b mARIUS sTREET, EAST TAMWORTH, NSW
Constructed in 2019, ETMC is an established Medical Centre in the heart of Tamworth that offers a variety of health services, all catered to by the Kiosk Café. The centre is anchored by GP super clinic – North West Health and complemented by East Tamworth Pharmacy, East Tamworth Diagnostic Imaging, Laverty Pathology and East Tamworth Dental Care.
Valuation
$14,500,000
Lettable Area
2,606 sqm
KEY TENANCIES
Northwest Health GP, East Tamworth Pharmacy
PURCHASED
2021
PROPORTION OF TRUST
3%
NUMBER OF TENANTS
9
EDGE EARLY LEARNING
22 Marie Street, milton, qld
The property is situated in the mixed-use, fringe CBD suburb of Milton, approximately 2.5km southwest of the Brisbane City Centre.
The current tenant, Edge Early Learning is a well-known childcare operator with 19 centres across South East QLD, currently offering a 120 placements, with a 22 year lease term.
Valuation
$8,435,000
Lettable Area
1,503 sqm
KEY TENANCIES
Edge Early Learning
PURCHASED
2020
PROPORTION OF TRUST
2%
Ooak EARLY EDUCATION, bahrs scrub
5 bahrs scrub road, bahrs scrub, qld
The property is located within the established suburb of Bahrs Scrub, approximately 40km Southeast of Brisbane.
A purpose built childcare facility on the property is due to be completed in May 2021. Upon completion, the centre will be leased to Ooak Early Education for an initial 15-year term, offering 125 placements.
Valuation
$5,600,000
Lettable Area
4,671 sqm
KEY TENANCIES
Ooak Early Education
PURCHASED
2021
PROPORTION OF TRUST
1%
EPIQ CHILD CARE CENTRE
LENNOX HEAD, NSW
Epiq Childcare Centre is a 98-place childcare facility at Epiq, Lennox Head. The centre opened in early 2020. The property is under a 15-year lease to Harmony Childcare.
LETTABLE AREA
777 sqm
KEY TENANT
Harmony Childcare Centre
PURCHASED
2020
OCCUPANCY
100%
Proportion of Trust
1%
Little locals early learning
RIPLEY, QLD
The Property received development approval for a single-storey 154-places childcare centre to be developed. Construction is due to be completed in July 2022 and the centre will be leased to Little Locals Early Learning Group on a 15-year term.
LETTABLE AREA
977 sqm
KEY TENANT
Little Locals Early Learning
PURCHASED
2020
OCCUPANCY
100%
Proportion of Trust
1%
Little locals early learning
Salisbury , QLD
The Property received development approval to demolish the existing dwellings and construct a two-storey childcare centre for 125 long day care places. The centre is due to be completed in September 2022 and will be leased to Little Locals Early Learning Group on a 15-year term.
LETTABLE AREA
815 sqm
KEY TENANT
Little Locals Early Learning
PURCHASED
2020
OCCUPANCY
100%
Proportion of Trust
1%
201 LEICHHARDT STREET
SPRING HILL, QLD
201 Leichhardt Street is a prominent 6-storey office building located in Spring Hill, adjacent to the Brisbane CBD.
Claiming a desirable elevated site, the unique triangular shaped building offers ground floor office and retail tenancies with five levels of well-appointed office accommodation above.
Valuation
$14,900,000
Lettable Area
3,119 sqm
KEY TENANCIES
Cosol Australia, Integral Technology Solutions, Clarence Property
PURCHASED
2017
OCCUPANCY
97%
PURCHASED
3%
183 VARSITY PARADE
VARSITY LAKES, QLD
Varsity Lakes is a two level commercial office building with 3,153 sqm of floor space split over two levels. The property features secure basement Car Parking with 110 carparks and excellent exposure in the Varsity Lakes business precinct.
VALUATION
$12,250,000
Lettable Area
3,193 sqm
KEY TENANCIES
Sykes Australia Pty Ltd, Department of Education
PURCHASED
2017
OCCUPANCY
85%
NUMBER OF TENANTS
4
PROPORTION OF TRUST
3%
65 Park road
MILTON, QLD
65 Park Road is a 3 level office building which incorporates secure ground floor Car Parking for 23 vehicles.
Several strong tenants such as The Medical Protection Society and Ray White Industrial Milton anchor the Property.
VALUATION
$6,000,000
Lettable Area
1,055 sqm
KEY TENANCIES
Ray White Industrial Milton
PURCHASED
2021
OCCUPANCY
100%
NUMBER OF TENANTS
3
PROPORTION OF TRUST
1%
WESTLAWN BUILDING
29 MOLESWORTH STREET, LISMORE, NSW
The Westlawn Building in Lismore is a seven-level office building providing five levels of office accommodation. The building is configured to provide part and whole-floor office tenancies with ground level office/retail space. The property is situated on the main street through the central business district of Lismore. Lismore is a major regional centre in the Northern Rivers region of New South Wales.
Valuation
$19,300,000
Lettable Area
5,627 sqm
KEY TENANCIES
Commonwealth Government
PURCHASED
2001
OCCUPANCY
96%
PROPORTION OF TRUST
4%
NUMBER OF TENANTS
20
9 Hercules Street
Hamilton, QLD
9 Hercules Street, Hamilton is a boutique style commercial property. The building has recently undergone a refurbishment, including a striking upgrade to the building façade.
The Property is located close to the $1 billion Portside Wharf, one of Brisbane’s most active retail precincts adjoining the Brisbane cruise terminal.
Valuation
$10,200,000
Lettable Area
2,175 sqm
KEY TENANCIES
Mangano IT
PURCHASED
2017
OCCUPANCY
81%
PROPORTION OF TRUST
2%
NUMBER OF TENANTS
8
98-100 Blundell Boulevard
TWEED HEADS SOUTH, NSW
The property is a single level commercial building currently divided into two tenancies.
The building was refurbished in 2012 and is leased to two government authorities, Centrelink and the NSW Department of Community Services.
The property is located within the popular commercial and industrial precinct of Tweed Heads South.
Valuation
$9,000,000
Lettable Area
2,448 sqm
KEY TENANCIES
Centrelink, Department of Community Services
PURCHASED
1999
OCCUPANCY
100%
PROPORTION OF TRUST
2%
NUMBER OF TENANTS
2
THE ROCKET
ROBINA TOWN CENTRE DRIVE, ROBINA, QLD
The Rocket is a freehold commercial building comprising of retail and commercial space.
There are three components to the site – the main 16-storey tower, a two-storey annex building along the northern boundary and a one-storey annex building along the southern boundary, fronting Robina Town Centre Drive.
The building offers A-grade office accommodation and is regarded as one of the premier office buildings on the Gold Coast.
* represents the Trust’s 50% interest.
Valuation
$39,250,000*
Lettable Area
6,386 sqm*
KEY TENANCIES
National Disability Insurance, GHD Services Pty Ltd.
PURCHASED
2015
OCCUPANCY
89%
PROPORTION OF TRUST
8%
NUMBER OF TENANTS
39
188 MACQUARIE STREET
DUBBO NSW
188 Macquarie Street Dubbo is a 3-level retail and commercial building above a 65-vehicle basement level car park.
It is predominately located on the corner of Macquarie & Wingewarra Streets in the Dubbo CBD.
Valuation
$10,700,000
Lettable Area
4532 sqm
Number of Tenants
12
KEY TENANCIES
CBA, NIDS, Family Court of Australia
Occupancy
95%
PURCHASED
2020
PROPORTION OF TRUST
2%
45 ALEXANDRA PLACE
MURARRIE, QLD
45 Alexandra Place Murarrie is an A grade logistics and industrial complex located in Murarrie, Queensland, adjacent to the Gateway Bridge, east of the Brisbane CBD.
Located at the mouth of the Brisbane River, the development was designed to maximise the location’s favourable air, sea, road and rail networks, including the Port of Brisbane, Brisbane Airport and the M1 motorway.
Valuation
$12,000,000
Lettable Area
6,327 sqm
KEY TENANCIES
Australia Post, Tabcorp
PURCHASED
2016
OCCUPANCY
100%
PROPORTION OF TRUST
3%
45 MCROYLE STREET
WACOL, QLD
This multi tenanted industrial complex has 5 free standing buildings with 7 tenancies. Wacol, is approximately 17 km from Brisbane CBD. The location has great transport connectivity via the Ipswich Motorway, the Logan Motorway and the Centenary Highway.
Valuation
$7,850,000
Lettable Area
6,424 sqm
KEY TENANCIES
CDM QLD, Barenbrug Australia
Purchased
2018
48 BELL-ARE AVENUE
NORTHGATE
This logistics property was purpose built for Provet in 2006 and presents to a high corporate standard. Provet, a subsidiary of Henry Schein (a fortune 300 company listed on the NASDAQ), is the leading veterinary supplies distribution company in Australasia. The complex is an approximate 12 minute drive from Brisbane airport and a 4 minute drive off Gateway Motorway.
Valuation
$11,600,000
Lettable Area
4651 sqm
Number of Tenants
1
KEY TENANCIES
Provet
Occupancy
100%
PURCHASED
2017
PROPORTION OF TRUST
2%
146 CANBERRA STREET
HEMMANT
The asset is strategically located near the Port of Brisbane Motorway and Gateway Motorway.
The site offers medium to long term development opportunities while providing holding income.
Valuation
$6,500,000
Lettable Area
14,810 sqm
Number of Tenants
1
KEY TENANCIES
Tyne Container Services
Occupancy
100%
PURCHASED
2020
PROPORTION OF TRUST
1%
81 STRADBROKE STREET
HEATHWOOD
81 Stradbroke is a large logistics facility with a modern office and warehouse, leased to Truckline Australia.
The site provides access to the Logan Motorway and is approximately 20km from the Brisbane CBD.
Valuation
$7,400,000
Lettable Area
4,500 sqm
Number of Tenants
1
KEY TENANCIES
Truckline Australia
Occupancy
100%
PURCHASED
2020
PROPORTION OF TRUST
2%
185 QUEENSPORT ROAD
MURARRIE QLD
185 Queensport Road is a corporate grade office and warehouse facility of 4,431m2 located on the Gateway Arterial. North and south arterials are easily accessed, as is the Port of Brisbane and Brisbane Airport.
Valuation
$8,800,000
Lettable Area
4,215 sqm
Number of Tenants
2
KEY TENANCIES
Smith & Nephew
Occupancy
100%
PURCHASED
2020
PROPORTION OF TRUST
2%
31 Paringa Road
MURARRIE QLD
31 Paringa Road is a corporate grade logistics facility of 8,510 sqm NLA across two buildings on a 23,038 sqm site. The facility is fully leased to three tenants.
Valuation
$18,200,000
Lettable Area
8,510 sqm
Number of Tenants
3
KEY TENANCIES
Wormald, Tilearte, Pentair Water
Occupancy
100%
PURCHASED
2020
PROPORTION OF TRUST
4%
18 Macgregor PLace
RICHLANDS, QLD
18 Macgregor Place is currently a development site that is council approved for a corporate grade office and warehouse facility, located approximately 15 kilometres south-west of Brisbane’s CBD. This strategic location provides direct access to major arterial roads allowing for efficient distribution of goods across South East Queensland. The site is currently being developed with tenants already secured. The asset is expected to be complete in Q1 2022.
Valuation
$14,440,000
Lettable Area
7681 sqm
Number of Tenants
2
KEY TENANCIES
TBC
Occupancy
100%
PURCHASED
2021
PROPORTION OF TRUST
2%
96 Tile Street
Wacol, QLD
96 Tile Street is located in the well-regarded Brisbane industrial area forming an integral part of the south western corridor precinct. Erected on the property are three industrial buildings as well as an office building and two storage sheds. The site is purpose built for Visy Glass Recycling Facility.
Valuation
$6,236,888
Lettable Area
16,190 sqm
KEY TENANt
Visy Glass
Occupancy
100%
PURCHASED
2021
PROPORTION OF TRUST
1%
HUB HEATHWOoD
HEATHWOOD, QLD
We have acquired an industrial development site in Heathwood on the south side of Brisbane. The site was acquired in September 2021 for $30,000,000.
The site has a current Development Approval for 24 industrial lots ranging in size from 5,000 to 12,400sqm.
The industrial land market in South East Queensland has seen a surge in demand over the past few years and development sites such as this have become scarce.
* Image of development renders
Valuation
$36,000,000
STAGE 1 COMPLETION
Q4 2022
PURCHASED
2021
PROPORTION OF TRUST
6%
EPIQ LENNOX HEAD
LENNOX HEAD, NSW
Epiq Lennox Head is an 80 hectare development site situated south of Lennox Head town centre, an expanding coastal community offering a village lifestyle in a highly sought after NSW Northern Rivers.
The property was acquired in November 2014 for $15 million. Current construction includes 480 homesites, duplex and medium density lots. Epiq Lennox Head is also home to Epiq Marketplace.
Valuation
$32,500,000
PURCHASED
2014
Stage 1
Sold and settled 51 lots
Stage 2
Sold and settled 82 lots
Stage 3
Sold and settled 119 lots
Stage 4
Sold and settled 35 lots. 15 to be developed and sold.
Stage 5
Sold and settled 87 lots.
Super Lot 5
State Planning
Super Lot 7
Under Construction
PROPORTION OF TRUST
5%
Wallum, Brunswick Heads
Brunswick Heads, NSW
WPT recently acquired a residential development site in Brunswick Heads in February 2021 for $33,000,000. “Wallum” will comprise 124 vacant lots and 3 medium density sites and is located off Torakina Road, Brunswick Heads.
Clarence Property has created an environmentally sensitive masterplan across the site. Over 18 hectares – or 60 per cent of the site – will be retained for existing vegetation, including the protection and enhancement of Wallum Froglet Habitat. Civil works are expected to begin in late 2022.
Valuation
$35,000,000
PURCHASED
2021
Stage 1
TBC
PROPORTION OF TRUST
4%
Sceniq, bilambil heights
Bilambil Heights, NSW
Sceniq is an upcoming residential community featuring 100 elevated vacant lots ranging in size from 542m2 to over 2000m2. The site is in a leafy pocket of Bilambil Heights and appreciates elevated ocean and hinterland views. Sceniq offers the best of both states – only 10 minute drive from Coolangatta and within easy reach of the M1 Motorway north to Brisbane and south to Byron Bay. The site was purchased with Development Approval in February 2021 for $13,500,000. Stage 1 lots are anticipated to be released in late 2021.
Valuation
$17,000,000
PURCHASED
2021
STAGE 1
Q1 2021
PROPORTION OF TRUST
3%
yamba quays
yamba, NSW
Yamba Quays is an exceptional parcel of vacant land, zoned residential with DA approval in place. The site area is approximately 21.75 hectares and benefits from being one of the last canal waterfront developments in NSW.
Yamba Quays offers an opportunity to purchase new waterfront home sites in Yamba, providing direct boat access to the Clarence River and Pacific Ocean.
Valuation
$22,500,000
PURCHASED
2017
Stage 1
SOLD
Stage 2
First Release SOLD
Stage 3
Construction commencing early 2022
Stage 4
In Design
PROPORTION OF TRUST
4%
casuarina Town Centre Unit Trust
casuarina, NSW
Casuarina Beach is the last remaining undeveloped land in a maturing Master Planned Community located on 3.5 kilometres of beach front on the Tweed Coast in northern New South Wales, between Byron Bay and Coolangatta.
Clarence Property has completed all earthworks, roads, landscaping & services for the final stage of Casuarina Beach development. Clarence Property have managed the sale of all 77 beachside & beachfront lots for individual house & duplex style construction. We have sold two of the medium density apartment sites which back on to Casuarina Way. These two density sites have been purchased by Brisbane based specialist boutique apartment developers for record land prices.
The remaining 7 medium density sites, are currently being reviewed & planned by Clarence Property & will be partly developed by Clarence property & partly sold to other developers as we progress to project completion.
Purchased
2014
LAKEHOUSE CORPORATE SPACE, ROBINA
ROBINA, QLD
The Lakehouse Corporate Space, previously known as Robina East Quays Corporate Park, is an established campus style commercial office development. Originally constructed circa late 1980’s, extensive refurbishment works have continued since commencement in late 2014.
The Property is situated to the eastern alignment of Glenferrie Drive and has a wide frontage to an internal lake to its eastern boundary.
Valuation
$14,250,000*
Lettable Area
5,471 sqm
Purchased
2007