PROPERTIES WANTED – DEVELOPMENT SITES

    Below is a current list of requirements for our developer clients. We have a wide range of developers from small boutique developers undertaking a duplex, to medium developers completing 30 apartments and large scale ASX listed developers seeking shopping centres, hotels and land subdivisions. 

    Please contact us if you think there is a strong match for any sites / properties you have access to. We are particularly keen to hear from private owners that have not been hounded by loads of developers

    Agent enquiries welcome. We look forward to hearing from you.  We primarily seek OFF-MARKET opportunities.  Thanks!

     

    Sites Wanted         Developer  Requirements
    1.  Seniors Living Sites
    (Over 55's)
    • Price:  Uncapped

    • Location: Prefer premium areas of Sydney – Eastern suburbs, CBD, Inner West, North Shore (Upper and Lower), Northern Beaches, Sutherland Shire

    • Scale:  Land must be over 1000 sqm.
     
    2.  Existing Blocks of Apartments
    • Price: Any price range - as long as feasible.
    • Location:  Prefer premium areas of Sydney – Eastern suburbs, CBD, Inner West, North Shore (Upper and Lower), Northern Beaches, Sutherland Shire
    • Scale: From 4 unit block to 40+
    • Comment: Our developers are seeking undertake a strata title subdivision and refurbishment of existing blocks, or alternatively complete a knock down and rebuild on existing site.  Prefer blocks in one title or owners groups where there is 100% agreement to sell.
     
    3.  Residential apartment sites

    Price: uncapped  (from $1m to $100m+)

    Location:

    • Bulk sites - Sydney, Melbourne, Wollongong, Central Coast, Newcastle.
    • Medium sites – within 10- 30km of CBD
    • Boutique sites - High Demand / Premium Sydney Suburbs: Within 15km radius of CBD

    Scale:

    • Bulk sites: Projects 100 units+ , Close to train stations, transport nodes
    • Medium sale: Projects 30 to 100 units
    • Boutique sites: Projects 4 units to 30 units, targeted to downsizer market

    Comments

    • DA or Raw site ok.
    • Eastern suburbs, Lower and Upper North Shore, Inner West & Northern Beaches are core areas.
    • Gross Revenue: Prefer locations where resale value is over $12,000 per square metre +  
     
     4.  Townhouses
    • Price:              Uncapped

    • Location:        Sydney wide

    • Scale:             Minimum 4 x Townhouses

    • Comments:    Prefer suburbs where there is lack of medium density and downsizers want high quality townhouses

     

    5.  Serviced Apartments

    • Price:              Uncapped
    • Location:        Sydney wide
    • Scale:             Larger the better
    • Comments:    We also have serviced apartment operators we can introduce for any new sites
     
    6.  Hotel sites


    • Price:              Uncapped (from $30m to $200m+)

    • Location:        Sydney/ Melbourne/ or Regional.  Preference is city/ city fringe and key suburban areas.

    • Scale:             Minimum 3500 sqm of GFA.  Ideally like 5000 to 7000 sqm of GFA Hotel sites with 120 to 200 keys.  Also look at boutique hotel opportunities

    • Comments:    Very strong demand from wide range of developers seeking these sites.  We also have hotel operators and tier one builders we can introduce for any new sites
     
    7.  Existing Hotels
    • Price:              Uncapped

    • Location:        Sydney and Melbourne

    • Scale:             From boutique 30 room hotels to 200 rooms plus

    • Comments:    Prefer yields from 4%+ in Sydney and 5%+ In Melbourne. Will look at hotels with existing operators, no operators, with or without development upside. 
     
    8. Office Buildings
    • Price:              Uncapped (from $20m to $300m+)

    • Location:        Sydney and Melbourne

    • Scale:           
      Established office buildings with yields min 4.5% to 5%+
      Will look at office conversion to residential
      Will consider All building grades.
      Some developers want development upside
      Others want very long WALES. 

    • Comments:
      GR: Minimum 5% net per annum
      Funds and investors seeking established Office buildings and Hotels in Sydney and Melbourne with  5% ROI+
      Hotels outside metro areas generating over 7%ROI
     
    9. Medical Centres
    • Price: $0 - $50,000,000  

    • Location: Sydney, Newcastle

    • Scale: Typically require at least 1000 sqm – but prefer larger sites.

    • Comment: Some developers will also consider mixed use model with medical on ground floor and boutique apartments above.
     
     10.  Land Subdivisions
    • Price: Uncapped

    • Location: Sydney, Newcastle, Lower Hunter, Melbourne.Prefer growth corridors

    • Scale: From 5 acres to 200 acres plus. Larger the better.

    • Comments
      Raw or DA Approved 
      Some will look at planning proposal sites
      Ok to look at rezone if zoning change imminent
     
    11.  Duplex sites
    • Price:  Land price typically from $1m to $2.5m depending on location

    • Location: Prefer premium areas of Sydney – Eastern suburbs, CBD, Inner West, North Shore (Upper and Lower) Northern Beaches, Sutherland Shire

     

    • Scale:  Typically one block divided into two attached duplexes (or potential for multiple duplexes on one site)

    • Comments:  Resale value of completed duplexes must be of sufficient value to justify land acquisition price- otherwise feasibility will not stack up.
     
    12.  Shopping Centres
    • Price:              Min $15m – No Maximum price

    • Location:        Sydney and Melbourne  - Prefer prime suburban areas with strong foot traffic

    • Scale:             No min or maximum size - Open to variety of shopping centres. 

    • Comments:
      Must have strong leases with long WALES.
      Some clients prefer ability to add significant value (not a buy and hold client).
      Other happy to buy existing centre for strong cashflow investment with 7% yields.
     
      13.  Retail / Commercial Development sites
    •  Price:             Uncapped

    • Location:        Sydney and Melbourne -Prime CBD or Prime suburban only

    • Scale:             No min or max – larger raw commercial sites preferred

      Comments:
      Mixed use sites ok
      Consider shop top housing
      Must have good retail exposure
     
     14.  Student Accommodation
    • Price:              Uncapped

    • Location:        Sydney and Melbourne

    • Scale:             Raw sites to allow from 3000 sqm to 20,000 GFA (sweet spot is 10,000 – 16,000 sqm)

      Comments:
      Must be walking distance to UNSW Randwick / Sydney Uni/ Macquarie Uni
      Must be located along key train/ transport corridors
      Prefer GFA of at least 7500 sqm (Min 5000 GFA outcome required)
     
    15.  Child Care Centres
    • Price:              $1m to $20 million

    • Location:        Sydney

    • Scale:             Raw sites Minimum from about 800sqm to 1000sqm+

      Comments:
      Prefer raw sites – but will also look at DA approved
      Prefer longer settlements
      Prefer neat primary schools to capitalise on ready market
      Will do JV’s with land owners
     
    16. Boarding houses                  
    • Price:              Up to $40m

    • Location:        Sydney wide – prefer prime suburbs

    • Scale:             From 20 rooms plus.

      Comments:
      Will buy raw sites for boarding houses
      Or buy existing boarding houses with very strong yields. 
     
    17.  Industrial sites
    • Price: $0 - $15m

    • Location: Sydney

    • Scale: Prefer strata units in one line to reno and subdivide.  Will also look at raw sites to develop industrial sheds

    • Comments
      Ability to add significant value via strata subdivision
      Eg Factory units / offices / available in one line
      Seeking stable holding income in meantime
     
    18.  Aged Care / Retirement sites
    • Price: Uncapped

    • Location: Sydney, Wollongong, Newcastle, Hunter Valley, Brisbane, Melbourne

    • Scale: Prefer over 5000 sqm
                  Others needs 1.5ha to 3.0ha

    • Comments
      Quality aged care companies seeking larger amalgamated sites
      Prefer suburbs were median price well over $350k.
     
    19. Joint Ventures 
    • Price: Up to $10m

    • Location: Sydney/ Brisbane/ Melbourne & Regional areas

      Scale: Simple subdivisions/ Duplexes/ Townhouses/ Small apartment blocks
    • Comments
      Small scale developer seeking to do Joint Venture development with land owner
      Boutique sites
      Could be subdivision. duplexes apartments / townhouses
      Budget up to from $2m to $10m
     
         

     

    "Thrilled that we found our dream home, and relieved that we had Propertybuyer’s expertise and negotiation skills on our side. We were very impressed with Propertybuyer and wouldn’t hesitate to engage their services again."" - Lauren & Brendan, Lower North Shore, NSW

     

     

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    "Thrilled that we found our dream home, and relieved that we had Propertybuyer’s expertise and negotiation skills on our side. We were very impressed with Propertybuyer and wouldn’t hesitate to engage their services again."" - Lauren & Brendan, Lower North Shore, NSW

     

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