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