Oxford Newsletter

28
1 VOL.II THIRD QUARTER 2014 RESIDENTIAL • COMMERCIAL • PROJECT MARKETING • HOTELS OUR NEW OFFICE DESIGNED BY WILLIAM SMART OXFORD CELEBRATES THEIR BIGGEST MONTH EVER IN THIS ISSUE

description

 

Transcript of Oxford Newsletter

Page 1: Oxford Newsletter

1

VOL.II THIRD QUARTER 2014

RESIDENTIAL • COMMERCIAL • PROJECT MARKETING • HOTELS

OUR NEW OFFICE DESIGNED BY WILLIAM SMARTOXFORD CELEBRATES THEIR BIGGEST MONTH EVER

IN THIS ISSUE

Page 2: Oxford Newsletter

2

WELCOME TO THE NEW ISSUE OFOXFORD NEWSCREATIVITY, QUALITY, INGENUITY AND PASSION IN SERVICE ARE FUNDAMENTAL TO OUR GROWTH AND SUCCESS AT OXFORD.

JUNE 2014

To preface this introduction, I would like to acknowledge

the wonderful work of our friend and colleague, Adam

Spencer Carr. It is with great regret that I advise the sad

news of Adam’s sudden passing. Adam came on board

at Oxford as a partner in early 2013 and was strategically

growing our hotels arm of the business. His passing

was a shock to many and Adam was a guy who truly

loved what he did and was very well respected within

the industry. We remember him fondly and offer our

condolences to all of his friends and family.

Welcome to our latest edition of Oxford News. Already

there have been some great highs in 2014, with the

Oxford Group closing in excess of $85,000,000 worth

of transactions for the month of April alone! So far it is

proving to be a great year for real estate and we are

excited to see what else lies in store.

Designed and produced by madeagency.com2

RESIDENTIALCOMMERCIAL PROJECT MARKETINGHOTELSASSET MANAGEMENT

Managing Director

Oxford Agency

We are very pleased to announce the following new

staff members, who have recently joined our team at

Oxford: Shane Blackett, Michael Vranic, Ralph Garofano,

Kristian Morris, Emma Brown-Garrett, Pieter Engelbrecht,

David Dahdah and Glen Fitzgerald. They look forward to

assisting you in all your property needs.

Michael Marano

Page 3: Oxford Newsletter

3

OXFORDAGENCY.COM.AUPHONE (02) 9331 218040 FLINDERS ST DARLINGHURST NSW 2010

ABOUT OXFORD

W ith the official cash rate at 2.5% and with no

compelling reasons to lift or decrease it for the past

8 months we have seen a surge in auction clearance rates

and the overall property market. We had an auction in Surry

Hills a few weeks back with over 250 enquiries and property

achieving $300,000 over reserve. Our current clearance

rate at auction is over 82% since July 2013.

We have started to see the strength in the housing market

spilling into the commercial property sector and property

owners now looking to test the market and extract a return

for their long held investments. With more and more Chinese

buyers entering the market the demand for property in

Sydney is at an all time high. We have had some great

recent success with some of our larger transactions above

$8,000,000 being sold to Chinese developers and investors.

We are seeing a huge demand for food base retailing in

Sydney’s prime high st retail destinations such as Crown

St Surry Hills, Queen St Woollahra & Military Road Mosman

where vacancies remain low. We are seeing a huge amount

of enquiry for the new Casba development being undertaken

by Cornerstone on Danks St. With the likes of Fourth Village,

Luke Mangan moving onto the strip and Parterre from

Woollahra committing to a new flagship store retailers are

keen to secure a position on South Sydneys High St.

Our Project Marketing division headed up by Stefan and

Anson have had tremendous success with our current

projects in Ryde, Balmain, Gladesville and Wollongong with

record results being achieved and many more projects due

to come online. With close to $100,000,000 in sales from

January to April 2014 and over 12,000sqm of space leased it

has been a busy four months for all of us at Oxford. If you are

looking for advice with your property requirements be sure to

give one our specialists a call to discuss in confidence.

Always at the forefront of performance and

technology, we are one of the fastest-growing

private real estate firms in Sydney. We are not only

committed to providing extraordinary service and

exceptional results but also to remaining years ahead of

the curve.

With exposure to residential, commercial, project

marketing, hotels and asset management we can provide

an unprecedented, vertical, full spectrum approach to

every aspect of real estate.

From concept to completion, we are there to navigate

you through every step of conceptualising, creating,

and off-loading any real estate adventure. Creativity,

ingenuity, quality and passion in service and craft are the

fundamentals to our success and growth. This year we

celebrate our 65th birthday.

A BRIEF OVERVIEW OF THE CURRENT MARKET AS OF JUNE 2014 BY OXFORD

THE CURRENT MARKET STEFFAN IPPOLITO & MARC MARANO

3

OXFORD OFFICES,

SURRY HILLS

A LOOK INSIDE OXFORD’S NEW OFFICES

OXFORD OFFICES

Oxford Agency has formed no opinion as to the truth or falsify the information nor otherwise verified such information. No warranty can be given and interested parties must therefore rely on their own inquiries.

Page 4: Oxford Newsletter

4

Oxford’s bright star, Sally Anne McQuillan provides you with

her expert tips and tools for leasing your property. Taking the

guesswork out of what may seem a daunting task, McQuillan

stresses the importance of presentation, communication and

a proactive attitude.

When it comes to leasing your property, it pays to be

proactive rather than reactive; don’t wait until the lease

expires before you start negotiations. Instead, start the

process early so you can gauge and plan for your next steps.

I recommend making contact with your tenant 12 months

out from the lease expiry, but at a minimum, I would not

recommend leaving it less than 6 months. During this time

you should plan to have preliminary conversations with your

tenant to discuss a renewal for a further term or if they need

to expand or contract their lease area.

IT PAYS TO BE PROACTIVE RATHER THAN REACTIVE

KEY STEPS TO LEASING PROPERTY SALLY-ANNE MCQUILLAN

4

RESIDENTIALCOMMERCIAL PROJECT MARKETINGHOTELSASSET MANAGEMENT

It is also important to ensure that, when vacating,

your tenant undertakes a proper make good that is in

accordance with the lease. I would recommend that all

landlords read the clause that relates to ‘make good’ in the

lease so you can be aware of what needs to happen. For

example, removal of fixtures, carpet replacement and a

general repaint are all standard procedure and can help to

make your job a lot easier when it comes to securing a new

tenant for your property.

If your tenant is relocating, you should engage a good leasing

agent who is proactive with leasing. At Oxford Real Estate, we

are firm believers that presentation is everything and I would

recommend showcasing the property at its very best. In order

to achieve results, it is important to take the time to ensure

that your property will present to its highest possible standard.

There are several steps you can take that will ensure your

property presents well. At Oxford, some of the steps that

have proven to be effective include:

• Professional photos

• Elite listings on all major portals

• Signage

• Lease expiry diaries

• Database E blasts

• Direct calling

• Client meetings to discuss progress & feedback

• Market knowledge of the area

Page 5: Oxford Newsletter

OXFORDAGENCY.COM.AUPHONE (02) 9331 218040 FLINDERS ST DARLINGHURST NSW 2010

5

PROPERTIESFOR SALEOXFORD COMMERCIAL

COMMERCIAL PROPERTY RESIDENTIAL COMMERCIAL PROJECT MARKETING HOTELS

5

Introducing An Emporium Of Homewares, Restaurants And Courtyard Dining. The New Home of Winnings & Parterre with 85 Dedicated Basement Car Parks.

ENQUIRE NOW

STEFFAN IPPOLITO 0403 347 111

A New Retail Heartbeat For Danks Street

Page 6: Oxford Newsletter

6

PROPERTIESFOR LEASEOXFORD COMMERCIAL

6

140 MYRTLE ST, CHIPPENDALE

114 LONGUEVILLE RD, LANE COVE

79 COMMONWEALTH SURRY HILLS

11A PYRMONT BRIDGE RD, PYRMONT

231 COMMONWEALTH SURRY HILLS

285A CROWN ST, SURRY HILLS 21/37 NICHOLSON STREET, BALMAIN

33 BAYSWATER RD, POTS POINT

Newly refurbished open plan whole floor$240,750 P.A + GST

Located in the heart of Lane Cove$118,000 P.A + GST

Frontage onto Pyrmont Bridge Road$96,000 P.A + GST

Prime Crown Street location$115,000 P.A + GST

Delightful office on the Balmain peninsula $45,000 P.A + GST

Last showroom/office + mezzanine$85,085 P.A. + GST

SENSATIONAL WAREHOUSE BUILDING

Renovation designed by M. Mccann$180,000 P.A. + GST

467 SQM UNRIVALLED OPPORTUNITY IN THE HEART OF SURRY HILLS

OPEN PLAN CREATIVE OFFICEHIGH PROFILE SURRY HILLS LOCATION RESTAURANT WITH KITCHEN FITOUTHIGH TRAFFIC RETAIL

THE FRINGE’S BEST OFFICE NEW DEVELOPMENT IN SURRY HILLS

Whole floor raw warehouse tenancies$60,000 P.A. + GST

GREAT RETAIL/RESTAURANT OPPORTUNITY

• Premium 3 storey building with prominent street frontage & laneway access

• Approved as restaurant and bar - PSA in place - 120 patrons approx.

• Operates under midnight liquor license 7 days.

• Creative building with phenomenal location.

• Neighboring the Winery, Chow Bar, Pieno Cafe, Parma and other established venues.

Existing commercial kitchen equipment, grease trap, ventilation, ready to go!Do not miss this superb opportunity.

$250,000 per annum Gross + GST

Steffan Ippolito Sally-Anne McQuillan0403 347 111 0400 203 203

RESIDENTIALCOMMERCIAL PROJECT MARKETINGHOTELSASSET MANAGEMENT

Page 7: Oxford Newsletter

OXFORDAGENCY.COM.AUPHONE (02) 9331 218040 FLINDERS ST DARLINGHURST NSW 2010

7

OXFORDAGENCY.COM.AU

EASTERN SUBURBS, INNER WEST, SYDNEY CITY, NORTH SHORE,HUNTER VALLEY - WOLLONGONG & ILLAWARRA

7

This property represents a rare opportunity for high exposure commercial advantage in Leichardt. With prime frontage to Norton St, this is a unique offer and one that will not last.

Once in a lifetime opportunity to secure a prime space in the heart of Norton St.

33 FOSTER STREET, SURRY HILLS 189 SQM

100-338 SQM

75 WENTWORTH AVENUE, SURRY HILLS

• Existing executive style fit out and top quality finishes

• Positioned in the best part of Surry Hills

• Closely connected to Central Station

• Will suit most kinds of businesses

SENSATIONAL SURRY HILLS WAREHOUSE

• Ideal café, restaurant, bar

• Captive audience: 114 new hotel rooms

• Excellent exposure to the public: Minutes from Central

• Recently refurbished: Iconic heritage building with a modern touch

MAXIMUM RETAIL EXPOSURE

30-275 SQM

PRIME RESTAURANT SPACE AND 8 SCREEN PALACE CINEMA

Steffan Ippolito Ralph Garofano0403 347 111 0413 008 080

• Grease Trap & Exhaust in place

• Huge frontage & high ceilings throughout

• Immediate availability

• High volume of passing traffic

• Access to parking available

Page 8: Oxford Newsletter

8

In fact, many suggest its nadir was a year

ago. Of the 253 shops, businesses and

restaurants counted in the Paddington

stretch, over 18 per cent are for lease, empty

or closing down. In May last year, the figure

was reportedly more than 25 per cent.

CLEAR VISION VITAL TO REJUVENATE STRIP

8

In a way, Oxford Street’s been a victim of its own success,”

says Clive Faro, author of Street Seen: A History of Oxford

Street. “The people who own the buildings are not the

people who live there.”

Like many who live on Oxford Street, which stretches from

Hyde Park to Bondi Junction, Faro has watched the street’s

dynamic change from one of upbeat experimentation

and blase commerce to a strip characterised by humility.

Shoppers and tenants have moved on and, today, some

landlords are said to be accept- ing 30 per cent of what they

commanded in 2008.

Perhaps if they lived there, as Faro suggests, things might

be different.

Snaking through three councils, the City of Sydney,

Woollahra and Waverley, the road’s middle portion is split

between Woollahra to the north and Sydney to the south.

Stakeholders are as diverse as its history, from the army

to the Greek Orthodox community, former James Packer

business partner and commercial landlord Theo Onisforou

to the mega-pubs. Only adding complexity are heritage

architecture, schools, churches, courts of law, parks and

heavily used traffic and parking lanes with competing prior-

ities from the Roads and Maritime Services, NSW Transport

and local councils. This singular nature, means, of course,

that consistency has never been its strong point.

Michelle Cooke, from fashion label Billion Dollar Babes,

remembers the hedonism, promise and thrill of the 1980s

and ’90s, the days of retailers Mark Keighery and Michael

Bracewell, the fashion-incubating Paddington Markets and

Saturday afternoon crowds from the Paddo Inn spilling onto

bustling pavements.“It felt like Miami,’’ she laughs. ‘‘It was

people-watching in the sun- shine. . . . It used to be hip, now

it’s full of investment bankers.’’

As demographics around Oxford Street’s spine shifted,

its retail dominance began to unravel. The perfect storm

of the financial crisis, clearway traffic, Ausgrid roadworks,

competition from Westfield, the strong dollar, lack of mixed

retail, sophisticated online shopping and a failure of landlords

to react to the changes unfolding before them produced a

storm cloud that settled from Darlinghurst to Oxford Street

Mall, scattering a fine drizzle on some areas and epically

pouring down on others.

Eighty-nine shopfronts from Oxford Street’s beginning to end

are closed, empty, for lease or closing soon. While numbers

change almost daily, of those, 29 are in the City of Sydney, 41

are in Woollahra and 19 are in Waverley. While few buildings

are for sale and thus shielded from plunges in asset values,

Steffan Ippolito of Oxford Real Estate sold 30-36 Oxford

Street in February to an eastern suburbs investor for $4

million. ‘‘His theory was that the strip can’t get any worse

than it is at the moment,’’ the agent, whose name frequents

boards along the strip, said of the buyer.

In fact, many suggest its nadir was about a year ago. Of

the 253 shops, businesses and restaurants counted in the

Paddington stretch, just over 18 per cent are for lease, empty

or closing down. In May last year, the figure was reportedly

more than 25 per cent. Ippolito watched on as landlords

reacted slowly to the realisation that pots of gold from

tenants had reached an unsustainable peak. It was not until

2010 that rents started to come back, and by 2012, rents

had been cut by 30 to 50 per cent.

Some landlords are simply refusing to budge on price on the

correct basis that property values are entirely dependent on

the rents those buildings command.

One convenience store in Bondi Junction pays $11,337.50

a month, while no more than 300 metres away, a similarly

sized, newly arrived guitar shop pays less than half that.

Rates, in the meantime, have not shifted.

Others may be taking advantage of what fashion investor

David Rowland calls the “last bastion of middle-class tax

breaks” and what Moore brands ‘‘just terrible for the area’’:

negative gearing. Leaving a shop empty is no calamity when

a landlord is able to pick up a higher tax break for loss of

rental income along the way, argues Rowland, who believes

closing the loophole would give Oxford Street – and many

other ailing strips around the country – a fighting chance.

Behind the scenes, councils and stakeholders have

not been oblivious to the slide into gloom. While some

predicted and planned for the bad weather many years

before it hit, others have reacted slowly. Groups of

business owners, locals, landlords, state government

agencies and councils have been pushing for a

rejuvenation of the strip, much of their work motivated by

frustration at a lack of action.

In the words of Peter Sullivan, whose family owns the Arts

Hotel in Paddington: ‘‘If we do nothing, what we’ll end up

with is a gradual decay of the street and we’ll end up like

Parramatta Road.”

The March publication of Activate Oxford Street’s draft place-

making road map – commissioned by Woollahra council

as a blueprint for breathing life into the moribund shopping

precinct – was, to many, long overdue.

DAISY DUMAS SOURCE: SMH

TREND-SETTING PAST: OXFORD STREET IN 1983. PHOTO: SMH COLLECTION

OXFORD STREET TODAY. PHOTO: DANIELLE SMITH

A SHOPAHOLIC’S MECCA: OXFORD ST IN 1984

RESIDENTIALCOMMERCIAL PROJECT MARKETINGHOTELSASSET MANAGEMENT

Page 9: Oxford Newsletter

9

OXFORDAGENCY.COM.AUPHONE (02) 9331 218040 FLINDERS ST DARLINGHURST NSW 2010 OXFORDAGENCY.COM.AU

OXFORD STREET’S PROBLEMS ARE ALMOST AS MANIFOLD AS THE MANY COUNCILS AND OTHER STAKEHOLDERS INVOLVED, WRITES DAISY DUMAS.

9

With recommendations for a place

manager to oversee the precinct,

ensuring a diverse retail mix,

beautifying the street, lowering

speed limits and boosting its

night- time economy, the report’s

application will test the ability of

the City of Sydney and Woollahra

to reach agreement over their

shared portion of the strip.

Published behind schedule by

Woollahra Council, the independent

report by Village Well in collaboration

with BellRinger Property Group was

seized upon by stakeholders who had,

for years, been clamouring for help to

reverse the fortunes of the strip.

For others, Woollahra’s efforts are too

little, too late, lacking the teeth that the

problem demands.

The draft went through multiple iterations

before being released to the public, a

request from the council that one insider

said was “highly unethical”. “If you engage an

independent consultant, you then can’t tinker with

that to suit your own public needs,” the source said. Its

authors are un- derstood to have charged well below the

going rate, with council minutes showing that no more than

$70,000 was set aside for the research.

Theo Onisforou, founder of The Intersection, takes little

comfort in Activate’s recommendations, such as more

roadside dining. “It’s no use having ideas because they won’t

be implemented. I’ve been writing letters to the council for 10

years and ultimately nothing has been done,” he says. “I’m the

major beneficiary of their incompetence. They just take money

and move it elsewhere. All they’ve achieved is to ensure there

is only one precinct of Oxford Street you should go to.”

The Paddington Business Partner- ship has focused on

changes to the road’s traffic use, pushing for the abolition of

the clearway and a longer free parking period.

Traffic data, yet to be released since an hour was sliced

from clearway restrictions in November 2012, will show

whether the vehicle count necessitates a clear- way, after

all. Others argue that discrepancies in the clearway width

undermine its validity.

‘‘The thing about Oxford Street is people walk through rather

quickly with the fast-moving traffic hurtling by, it’s just really

unpleasant as a pedestrian,’’ Sydney lord mayor Clover

Moore said. “If you removed that clearway, it would not only

help business, it would help everything. If you had parking

along there, it would really help the ailing businesses.’’ Robert

Bleakley, the cycling and public transport-loving landlord of

the Palace Verona cinema, says a lower speed limit would

help. ‘‘We’ve given over the street to vehicles.’’

The Paddington Society and BIKEast have a more daring

propos- al for their village redesign – a mixed- use space for

cars, bikes, pedestrians and buses that includes a wide medi-

an strip and traffic calming that keeps vehicles moving at a

steady 40km/h, not dissimilar to a success- fully becalmed

Kensington High Street in London.

‘‘The question is getting [coun-

cils] to agree on a vision that

compels the RMS [the state Roads

and Mari- time Services] to play

ball,’’ says Geoff Ludowyke, of the

Paddington Society, which aims to

decentralise the accent on commerce

on the street. ‘‘What we’re interested in is

making a cohesive high street for the village,’’ he

said. ‘‘If you make it pedestrian-friendly, family-friendly,

cycle-friendly, the people themselves will demand what

they’re attracted to.’’ Fostering that community would come

at the cost of longer journey times for commuters and buses.

Almost everyone agrees that place-making is about creating

environments in which people want to linger.

Parking meters charge $4.80 an hour, with all councils

making a tidy sum from parking fine collection – a figure that

would likely grow if clearways were quashed.

Ippolito, taking a lead from Mosman’s Military Road,

supports two hours of free parking; the Paddington Business

Partnership is barracking for 30 minutes. For now, it sees a

compromise of 15 minutes as a major win, when the City of

Sydney’s 15 minute free parking was matched by Woollahra

last November.

Woollahra is conspicuous in its lack thereof, a consequence

of what its director of planning and development, Allan

Coker, puts down to budgets and red tape. What is seen as a

frustrating lack of action from the outside, including reports of

very slow development application processes, is in his view

simply an adherence to the system. Coker makes no bones

about the difficulty of working in a system that is due for a nip

and tuck, but admits the council could do more to help. He

said the council is looking at standardising rates and omitting

the development application phase from the painful process

of open air dining approval.

Stakeholders speak about non-existent street cleaning, the

lack of public toilets, hygiene problems that have arisen from

the loss of the Eddie Dixon Centre drop-in homeless shel- ter

(a sad byproduct of the non-profit Paddington Markets’ barely

justifiable stall rates, which funded the shelter).

And simple street beautification such as pot plants, street

flags, sig- nage, a welcome to Paddington sign – all minimum

entry stuff, as Clarke puts it – needs to go through the

requisite rubber-stamping process.

From this side of the table, it appears councils are at times

choked by risk aversion. “I kind of share your view,” Coker

says. “So much of what we do is regulated.”

89 shopfronts from Oxford Street’s

beginning to end are closed, for lease or

closing soon. While numbers change almost

daily, of those, 29 are in the City of Sydney,

41 are in Woollahra and 19 are in Waverley.

Few buildings are for sale and thus shielded

from plunges in asset values, Oxford Real

Estate sold 30-36 Oxford St in February to

an investor for $4 million.

89EMPTY SPACES

Red circles on the map

represent empty, for

lease or closing

shops

WOOLLAHRA COUNCIL

$66.9mRevenue 2013

$228.9mInfrastructure value

WAVERLEY COUNCIL

$88.6mRevenue 2013

$426.3mInfrastructure value

CITY OF SYDNEY

$479.9mRevenue 2013

$1.95bInfrastructure value

Westfield

Bondi

Junction

Page 10: Oxford Newsletter

10

PROPERTIESFOR SALEOXFORD COMMERCIAL

10

85-95 OXFORD STREET, DARLINGHURST

Prime location within one of Australia’s premier entertainment and retail precincts on the edge of Sydney. Valuable hotel license and entitlements that can be purchased with the sale. Large land parcel in one of Sydneys most sort after residential areas where people love to live, work and play.

• Potential to purchase the business or be offered with vacant possession

• Moments walk to CBD, restaurants & retail

• 3:1 FSR, 28 metre frontage to Oxford Street

• A prime address with dual street access

ANOTHER SUCCESSFUL MONTH AT OXFORD

849 SQM OUTSTANDING CITY FRINGE DEVELOPMENT SITE

RESIDENTIALCOMMERCIAL PROJECT MARKETINGHOTELSASSET MANAGEMENT

This marks one of the most successful months in Oxford Commercial’s history with transactions in

excess of eighty five million dollars. Specialising in securing buyers and tenants for our valued clients, this was achieved through our dynamic approach coupled with our systems and procedures.

Our extensive experience (a track record of over 60 years), successful techniques and expert strategies have helped us to achieve the goals we set for last quarter and we are very optimistic about the year ahead.

We provide you with simple and effective solutions. Our techniques have been carefully developed and are derived from some of the most successful agencies and leasing practices worldwide.

We take pride in the fact that we measure our success on the satisfaction of our clients as we ourselves are property owners and investors, both commercially and residentially.

We look forward to assisting you in creating the momentum you need to make your next big move in business, your goal is our goal. We work as a team, with you.

WE LOOK FORWARD TO ASSISTING YOU IN

CREATING THE MOMENTUM YOU NEED TO

MAKE YOUR NEXT BIG MOVE IN BUSINESS

SOLD $8.1M

Page 11: Oxford Newsletter

OXFORDAGENCY.COM.AUPHONE (02) 9331 218040 FLINDERS ST DARLINGHURST NSW 2010

11

OXFORDAGENCY.COM.AU

11

1

330 NEW SOUTH HEAD RD, DOUBLE BAY458 HARRIS STREET, PYRMONT

• Sophisticated property boasts two street fronts

• Top of the line office amenities for the service industry

• Building boasts brilliant natural light throughout

• Tenanted Investment

• One of the most sought after and upcoming regions in Sydney

• Immense natural light throughout the office

• Next door to the Ian Thorpe swimming centre

• Multiple uses

502/77 DUNNING AVE, ROSEBERY

• Brilliant north facing creative office flooded in natural light.

• Boasting soaring ceilings, open plan design with own amenities internally

• Shared Boardroom in building

• One stacker car space which holds two cars.

GOVERNMENT TENANT - BOUTIQUE BUILDING FULLY FITTED A GRADE COMMERCIAL OFFICE

WAREHOUSE OFFICE FOR SALE

185 SQM

2/162 GOULBURN ST, SURRY HILLS

• Located in the middle of the Surry Hills energetic café/restaurant district

• Generous open plan layout

• Will suit the most astute Investor and Owner Occupier

• 800m from Central and Town Hall Stations

INVEST / OCCUPY - PARKSIDE SURRY HILLS OFFICE

262 SQM

280 SQM

157 SQM

EASTERN SUBURBS, INNER WEST, SYDNEY CITY, NORTH SHORE,HUNTER VALLEY - WOLLONGONG & ILLAWARRA

Page 12: Oxford Newsletter

1212

Own the Market. Be Part of the only outlet centre within the Main trading area. Access 1.3 Million shoppers living within a 30-Minute drive time.

Steffan Ippolito

P +61 2 9331 2180

M +61 403 347 111

E [email protected]

Marc Marano

P +61 2 9331 2180

M +61 425 331 355

E [email protected]

NOWLEASING

FashionSpree is located on a major arterial road connecting with the Liverpool CBD in the south. According to the Roads and Traffic Authority (RTA), some 73,398 vehicles travel along Orange Grove Road past the intersection of Copeland Street on a daily basis (2005). This equates to an annual traffic volume of 26.8 million vehicles travelling in close proximity to the site.

The fashion factory outlet centre is a member of a rebellious niche sector in retail, one that regularly performs regardless of the ups and downs of economic cycles. As the district’s population skyrockets, so does the number of consumers with disposable income and growing families in the catchment areas. This group is looking for value fashion shopping in a family-friendly setting and is responsive to a sophisticated retail environment. FashionSpree delivers on both these levels.

Fashion conscious bargain hunters travel in packs. FashionSpree’s main trade area population is currently estimated at around 1.1 million and is projected to increase to around 1.25 million by 2026.This = average annual growth of approximately 1.1% over the forecast period.

This = a growth rate consistent with the Sydney metropolitan average of 1.2% per annum.

THE SOUTH WEST GROWTH CENTRE HAS THE CAPACITY FOR AROUND 110,000 NEW DWELLINGS OR SOME 300,000 PERSONS OVER THE PERIOD TO 2031.

Inside and out, FashionSpree breaks the mould in discount fashion outlets.

Garlanded with bougainvillea, a lush magenta and green facade calls out to the tens of thousands of cars that pass this site daily.

Interior spaces reflect the signature design of the FashionSpree tenants. The single level, racetrack floor plan is populated with numerous, stylishly furnished rest areas.

A mixture of finishes and textures is utilised within store spaces and public spaces alike, combining mesh, mixed metals, timber and graphics. The conventional, uninspiring atmosphere of outlet shopping is abandoned in favour of an aesthetic more suited to the tastes of a constantly growing outlet audience from diverse backgrounds.

RESIDENTIALCOMMERCIAL PROJECT MARKETINGHOTELSASSET MANAGEMENT

Page 13: Oxford Newsletter

OXFORDAGENCY.COM.AUPHONE (02) 9331 218040 FLINDERS ST DARLINGHURST NSW 2010

13

OXFORDAGENCY.COM.AU

13

FASHION SPREE VIEW FROM OUTSIDE

INSIDE FOOD COURT OF FASHION SPREE

RETAIL PARTNERS ALREADY ON-SITE

THE MAIN TRADE AREA

CONTAINS A YOUNG

POPULATION WITH AN

AVERAGE AGE OF 35.4 YEARS

MAIN TRADE AREA POPULATION

- ETHNICALLY DIVERSE: 57.0%

OF RESIDENTS AUSTRALIAN

BORN AS COMPARED TO THE

BENCHMARK OF 73.9%.

SECONDARY SOUTH

SECTOR IS PREDOMINANTLY

AUSTRALIAN BORN.

THE MAIN TRADE AREA

CONTAINS A RELATIVELY LARGE

TRADITIONAL FAMILY MARKET -

PROPORTION OF COUPLES WITH

DEPENDENT CHILDREN IS 51.3%

SECONDARY NORTH AND

SECONDARY EAST SECTORS

- HIGHLY ETHNIC AND FAMILY

ORIENTATED POPULATION.

5773.9

Page 14: Oxford Newsletter

1414

STUNNING DESIGNER 1 & 2 BEDROOM

APARTMENTS FROM $675,000

The majority of these stunning designer apartments sold off the plan on

the launch day. This is a unique oppurtunity to secure one of these prized

apartments with completion due in 14 months.*

STEFAN JONES 0422 681 795 0403 429 845ANSON KOLB

A limited selection of apartments all featuring secure parking & separate storage

High quality finishes throughout including Miele Appliances, Rogerseller & Grohe Tapware

Multi Award Winning Architect & Builder

Highlights of Calcutta marble & copper accents throughout

66MULLENSBALMAIN

N O W S E L L I N G

RESIDENTIALCOMMERCIAL PROJECT MARKETINGHOTELSASSET MANAGEMENT

Page 15: Oxford Newsletter

OXFORDAGENCY.COM.AUPHONE (02) 9331 218040 FLINDERS ST DARLINGHURST NSW 2010

15

OXFORDAGENCY.COM.AU

PROJECTMARKETING

VICTORIA APARTMENTS, GLADESVILLE

Located in the heart of vibrant Gladesville Village, with an abundance of everyday

shopping and eateries at your doorstep, these oversized residences are perfect for

the owner occupier, and investor alike.

BROADBEACH, WOLLONGONG

Broadbeach Apartments; Consisting of 42 apartments is the latest release in

the esteemed master planned ‘Beaches Community’ and is selling fast. Nestled

between the majestic Pacific Ocean and the stunning Illawarra escarpment.

88 BLAXLAND APARTMENTS, RYDE

Ryde’s newest contemporary development is located in a prime central location

across from Top Ryde City Shopping Centre. This boutique apartment building

offers unsurpassed convenience. There’s an abundance of exceptional shopping,

restaurants, recreational and lifestyle facilities at your doorstep.

15

5 TIPS WHEN BUYING OFF THE PLAN

1 Get your finances in order; Know your borrowing capabilities and requirements. Always handy to obtain pre-approval before purchasing any real estate.

2 Obtain professional legal advice; from a specialist property lawyer/conveyancer. Always have the contract of sale looked at before purchasing.

3 Research the project team. Has the developer/architect/builder completed any developments before?

4 Market research: Understand the median apartment growth, vacancy rates, rents and demographic in the immediate and surrounding suburbs. Things such as transport, and future infrastructure are extremely important.

5 Ask questions to determine what is covered in the purchase price. ie. What fixtures, fittings, and extras are included with the property purchase? Every off the plan contract should include a detailed finishes schedule which outlines the above.

F irst homebuyers are generally short on cash and as a result have difficulty in finding funds quickly that are required for a finished property with a sort term

settlement. Buying off the plan will give a first homebuyer time – time to save for settlement, time to plan for settlement, potentially time for capital growth prior to settlement (as most developers offer lower prices and financial incentives at the start and put prices up once construction has commenced) and time to make all the relevant applications for the first homeowners grant.

MANY BUY OFF THE PLAN AS AN INVESTMENT, BUT PURCHASING FRESH OFF THE PRODUCTION LINE CAN ALSO OFFER REAL ADVANTAGES FOR FIRST HOMEBUYERS.

CONSTRUCTION COMMENCED

NOW COMPLETE – FINAL APARTMENTS REMAINING CONSTRUCTION COMMENCING 2 & 3 BEDROOMS REMAINING

JOHN MEAGHER

Page 16: Oxford Newsletter

1616

RESIDENTIALCOMMERCIAL PROJECT MARKETINGHOTELSASSET MANAGEMENT

Page 17: Oxford Newsletter

OXFORDAGENCY.COM.AUPHONE (02) 9331 218040 FLINDERS ST DARLINGHURST NSW 2010

17

It is a property developer’s dream: 21,000 square metres

of prime Sydney real estate on the edge of the city’s

grandest park, 360 degree views across the entire city

and harbour, zoned to build up to a height of 32 metres.

But there is just one small problem: at present it is a

bus depot. Mixed signals are emanating from local and

state government over the future of Waverley bus depot,

leaving the residents of Bondi Junction’s western end in a

state of confusion.

As questions hang over a potential rescue for the

Paddington section of Oxford Street, with businessman

Theo Onisforou calling for council borders to be redrawn

to save the ailing retail strip, Waverley’s bus terminus

looks set to become another battleground in the street’s

chequered history.

Waverley Council has pushed ahead with community

consultation as to possible future uses of the depot,

despite Transport for NSW rejecting reports that it plans

to sell and redevelop the site, positioned on the eastern

suburbs’ highest point.

MIXED SIGNALS ARE EMANATING FROM LOCAL AND STATE GOVERNMENT OVER THE FUTURE OF WAVERLEY BUS DEPOT, LEAVING THE RESIDENTS OF BONDI JUNCTION’S WESTERN END IN A STATE OF CONFUSION.

NEXT STOP: POTENTIAL REDEVELOPMENT FOR THE WAVERLEY BUS DEPOT?

FIRST CLASS REAL ESTATE:

WAVERLEY’S BUS DEPOTPRIME LOCATION: THE DEVELOPMENT SITE

17

DAISY DUMASSOURCE: SMH

The council conducted the second of its community

drop-in sessions last week, after launching community

feedback at St James Reserve on March 8. The sessions

urge locals to give feedback on its West Oxford Street

Precinct Plan, which takes in the entire depot area and its

neighbouring portion of Oxford Street. The plan focuses

on boosting the population density of the ‘’gateway’’ area,

with new rezoning giving developers the option to build

as high as 32 metres.

Mayor Sally Betts said the state government had

indicated it wants to maximise the value of its property

and that one day adding a school or childcare centre to

the space above the depot would be ‘’wonderful”. She

said the council supports the site remaining as a working

depot into the future, but suggested the area might also

benefit from an art gallery.

In a letter to residents dated April 7, Coogee Liberal

MP Bruce Notley-Smith clarified the NSW government

position following ‘’some confusion and a few myths’’

over the site.

He vowed that he would fight to ensure no

development unrelated to public transport takes place

on the bus depot. Any development would diminish the

residential amenity of the locality, he wrote. ‘’Waverley

Bus Depot is on state owned land and therefore the

West Oxford Street Precinct Plan has no bearing on the

future of the site.’’

An attached letter from Transport Transport Gladys

Berejiklian states that Transport for NSW has no plans

to sell any part of the Waverley bus depot.

A Transport for NSW spokesman said neither the depot

nor space above the depot is in line for redevelopment.

Steffan Ippolito of Oxford Real Estate said the sale of the

vast site could yield anywhere from $225 million to $375

million, depending on the number of units proposed.

‘’It’ll happen,’’ he said of its eventual sale. ‘’Given how

rare sites like that are in the east, there would be a

queue of major listed developers and offshore groups

dying to get their hands on it.’’

Page 18: Oxford Newsletter

18

PROPERTIES FOR SALERESIDENTIAL

Classic yet clean and contemporary this north facing terrace is positioned only footsteps

to the chic boutiques and cafés of Paddington and close to the ever popular Five Ways.

Boasting a versatile floorplan with light bright interiors the property offers all the charm

of a classic three level terrace but with an abundance of natural light and air flow. The

recently added open plan living, kitchen and dining area with its soaring cathedral

ceilings flows perfectly to the rear entertaining courtyard with further potential at the

rear for a plunge pool (DA approved) or parking (STCA).

With Tasmanian oak floors, high ceilings, large rear bi-fold doors, skylights and neutral

interiors add to this sophisticated living space, while still keeping with its beautiful

original features still intact such as ceiling roses, decorative cornices, fireplaces and

original tiles on the front steps and porch.

Quaint and charming but spacious and well-appointed this immaculate property will

suit a myriad of buyers.

NEW ADDITION TO RESIDENTIAL

SALES AGENT, GLEN FITZGERALD JOINS THE TEAM

18

At the forefront of sales, agent Glen

Fitzgerald’s success is his ability

to make buying and selling property

an exciting and rewarding experience.

With more than 7 years’ worth of

industry knowledge, Glen has extensive

experience working with some of Sydney’s

best agencies in the inner east and inner

west suburbs. In addition, Glen has an

exceptional track record selling property in

the upper Blue Mountains region.

Glen’s approach is focused entirely

around the unique needs of his clients

and targeted at securing the best

possible result each and every time.

He is adept at matching people to the

right property and understands that

presentation is key to a successful sale.

Glen is delighted to be part of such a

successful and dynamic team with a

reputation for excellence.

Professional, reliable and an expert

negotiator, Glen is committed to providing

a first-class service and maintaining

strong, long-term relationships with both

buyers and sellers alike.

Ever keen to build upon his experience,

Glen is always delighted to meet new

people and tackle fresh challenges within

the property market. Do you think you

have a unique property need up your

sleeve? Contact Glen or one of Oxford’s

many other talented agents and start the

conversation.

With the property market constantly

moving, how do you know what your

property is worth? Call Oxford, your area

specialists, now for an up-to-date market

appraisal.

OXFORD WELCOMES GLEN FITZGERALD TO THE RESIDENTIAL TEAM

Glen Fitzgerald 0437 091 904

RESIDENTIALCOMMERCIAL PROJECT MARKETINGHOTELSASSET MANAGEMENT

79 GLENMORE ROAD, PADDINGTON 4 1.5

Page 19: Oxford Newsletter

OXFORDAGENCY.COM.AUPHONE (02) 9331 218040 FLINDERS ST DARLINGHURST NSW 2010

19

OXFORDAGENCY.COM.AU

BONDI’S DA ORAZIO PIZZA + PORCHETTA

19

ELEGANT DINING AT BONDI’SDA ORAZIO PIZZA + PORCHETTA

3

A NIGHT AT DA ORAZIO PIZZA + PORCHETTA, BONDI

It feels like one can never keep up with the always-

evolving restaurant offerings around Bondi. With each

new week comes a new hot spot, filled with what could

only be described as regulars. Some new venues just

seem to resonate well with the crowds, offering an

experience different enough to be worth checking out

but then on par enough with the scene as to not be

disassociated completely. It’s a fine line and a line that

Da Orazio Pizza + Porchetta has drawn well.

Situated within the new Adina development off Hall

Street the restaurant is characterised by its concrete

floor and bright white furniture. Chalkboards scatter

the room while the wood fire pizza oven in the corner

makes a big statement about the quality of their food.

The oven also draws your attention to the 20m long

kitchen at the back of the restaurant, bustling with chefs

and fascinating to watch. First tip of the night; sit nice

and close to the kitchen so you can watch the team

make and create the meals.Tom Hosking

119/105 CAMPBELL STREET, SURRY HILLS

Situated in one of the area’s finest buildings, ‘The Carlisle’, this 63m2 one bedroom

raised ground floor apartment offers modern & convenient living in the heart of Surry

Hills & Darlinghurst, enjoying the cosmopolitan lifestyle with an abundance cafes,

restaurants and night life.

With a lovely outlook via floor to ceiling north facing windows onto Harmony Park,

this apartment typifies a true warehouse conversion with the addition of resort style

amenities including pool, sauna gym plus concierge.

Featuring soaring ceilings, built in wardrobe, lovely enclosed balcony, combined

laundry & bathroom, gas kitchen with stainless steel appliances, valuable undercover

security parking + visitor parking and an under floor storage.

Suitable for an executive couple, single or as a rental property with potential rent

return of up to $650 per week, investors should take note of the potential to acquire a

completely immaculate and low maintenance opportunity.

1 11

Glen Fitzgerald 0437 091 904

EASTERN SUBURBS, INNER WEST, SYDNEY CITY, NORTH SHORE,HUNTER VALLEY - WOLLONGONG & ILLAWARRA

Page 20: Oxford Newsletter

20

9 DENHAM STREET, DARLINGHURST

A magnificent offering in a highly prized inner city setting, this cutting-edge residence is

the epitome of ultra-contemporary chic. With a remarkably intuitive use of space and an

abundance of natural light, the home is finished with the finest designer appointments.

With expansive open plan living areas that are filled with sun via a massive skylight,

there is also an extremely rare and functional rooftop entertaining terrace. The sleek

kitchen has Gaggenau gas appliances, concealed Lieber refrigerator and a central

island with recycled Oregon timber benches.

There is a well proportioned study, as well as such inclusions as a dual car stacker,

polished concrete floors, wine cellar, storage, air conditioning and main bathroom with

spa. The master bedroom has built-ins and an ensuite with rain shower.

Expertly crafted for the discerning home owner with an exacting attention to detail

throughout, it is no more than moments to Oxford Street cafes, regular transport,

entertainment venues and the city.

3 22

Marc Marano Michael Marano0425 331 355 0418 226 881

230C LIVERPOOL STREET, DARLINGHURST

Located in the heart of Darlinghurst’s vibrant cafe and cultural centre is this near new

2 bedroom tri level townhouse designed by Marchese partners architects. Offering

total comfort and situated in a row of classic terraces this property is resplendent with

modern living features and fixtures but with a chic industrial edge.

The open plan living space flows perfectly to an entertainers kitchen and bi fold doors

retract open to a fabulous entertainers north facing courtyard with a climbing garden

wall. Clean and neutral but with all the personality and soul of a fabulous home this.

With an abundance of light, space and storage this property will surprise and delight

the most discerning buyer/s. 2 large bedrooms are coupled with two bright and

beautifully appointed bathrooms, an industrial style kitchen with great integrated

appliances and storage, a master suite featuring it’s own sitting area and fabulous

ensuite and two very practical outdoor areas complete this idyllic urban retreat.

2 2

Marc Marano Michael Marano0425 331 355 0418 226 881

PROPERTIES FOR SALERESIDENTIAL

Page 21: Oxford Newsletter

OXFORDAGENCY.COM.AUPHONE (02) 9331 218040 FLINDERS ST DARLINGHURST NSW 2010

21

Set within Surry Hills’ creative precinct, this updated Victorian terrace issurrounded by some of the area’s most vibrant cafes and gourmet eateries.Combining traditional character with tasteful improvements it is bright and airy.

With average capital city house prices up 9% in 2013 to more than $539,000, investing in Australian property can seem like an unattainable dream. But did you know that you can use a self-managed super fund (SMSF) to buy property through your super - and potentially boost your retirement savings at the same time?

Located on level 7, positioned on the North East corner presenting magnificent city views with amazing privacy. Offered in a very modern and sought security building in St Margarets the IVY, ideally located it boasts a convenient style of living.

Urban brilliance - Sold prior to auction Exceptional one bedroom apartment with captivating views

116D RESERVOIR ST, SURRY HILLS 705/417 BOURKE STREET, SURRY HILLS

SOLDSOLD

LOOKING TO BUY PROPERTY? WHY NOT USE YOUR SUPER?

1. Diversify into a high growth asset

A key benefit of SMSFs is that they offer a wider range of investment options than traditional super funds - including direct property. By spreading your savings across asset types, you can help reduce risk and create more consistent returns, while still investing for growth.

2. Build a bigger portfolio sooner

An SMSF can borrow to invest in residential or commercial property, with lenders typically funding up to 70% or 80% of the purchase price. So you can take advantage of low interest rates to build a bigger portfolio now, and potentially earn more income and capital growth in the future. As long as your returns outpace borrowing costs, you’ll come out ahead.

3. Potentially save on tax

SMSFs can use negative gearing to claim a deduction for borrowing expenses, just like individuals. And investing through an SMSF can have other tax advantages as well. Rental income paid to your SMSF is taxed at just 15%. And if you are over 55 and commence a Pension in your SMSF, then the rent you receive is tax free. More importantly after commencing a Pension in your SMSF, any capital gain when you sell the Property is also be tax free!

3 REASONS TO CONSIDER PROPERTY INVESTMENT WITH YOUR SUPER

INVESTING IN AUSTRALIAN

PROPERTY CAN SEEM LIKE AN

UNATTAINABLE DREAM.

A DREAM PROPERTY IN KIAMA

EASTERN SUBURBS, INNER WEST, SYDNEY CITY, NORTH SHORE,HUNTER VALLEY - WOLLONGONG & ILLAWARRA

Page 22: Oxford Newsletter

2222

1

The pre-auction price guide for the completely original and crumbling two-bedroom Victorian terrace was at

the $850,000-$950,000 mark. The deceased estate of 80 square metres was last bought in 1981, for $33,500. The late owner, who lived in the home until she was 97, bequeathed the entire auction proceeds, splitting it between various religious charities.

Emma Brown-Garrett and Marc Marano of Oxford Residential were beyond elated with the result. Despite the dry rot, peeling walls and jungle of weeds in the courtyard, they had more than 260 groups inspect the property, issued 37 contracts and drew almost four times the web interest than usual. There were 9500 internet inquires.

“We knew it was going to be a fabulous sale,” Mrs Brown-Garrett said. “This was a rare opportunity as there are not many original terraces left in Surry Hills at this width and price bracket. ‘’Being in a heritage area, the grand front facade needs to be kept but if you were to gut it out, you’d need to spend between $200,000 and $400,000 on renovations.”

Mr Marano said: “With recent escalating house prices this was an affordable for a new owner who wasn’t afraid to do some hard work to get into the Surry Hills market. “Some people inspected and said, ‘Wow, this is too much work for us’. It’s just madness; from studio apartments to $2 million homes, it’s the busiest property activity in Surry Hills ever.

JUST MADNESS OVER CRUMBLING TERRACE Anita Balalovski

47 FITZROY STREET, SURRY HILLS SELLS FOR $300,000 OVER RESERVE AT AUCTION

RESIDENTIALCOMMERCIAL PROJECT MARKETINGHOTELSASSET MANAGEMENT

NEW ADDITION TO RESIDENTIAL

EMMA BROWN-GARRETT, NEW OXFORD SALES AGENT

Emma Brown-Garrett has a passion for people and a passion for Surry Hills, where she has lived with her husband and little boy Harland for the past 8 years.

With a varied background including project marketing, PR and customer service Emma knows what it takes to make every real estate transaction stress free and rewarding. Living in Surry Hills has allowed Emma to enjoy the best the area has to offer and to gain a “grass roots” appreciation of all the wonderful work, lifestyle and entertainment opportunities it offers. This makes her the ideal person to help you find your next property or to find you your next buyer! In her spare time, Emma indulges in her other passion – shopping! You will often see her at Wheels n Doll Baby or at many of the other little hidden secret outlets or boutiques in many of Surry Hills burgeoning streets…

A very social and well networked person, Emma also enjoys meeting clients and friends at many of her favourite cafes on Crown and Foveaux and you will often see her enjoying Surry Hills’ family-type amenities with her little boy playing on the swings in the park on Crown. All in all, Emma typifies the eclectic and broad cross section of the wonderful Surry Hills community and welcomes you to discuss moving to the area with you at any time!

With the property market constantly moving, how do you know what your property is worth? Call Oxford, your area specialists, now for an up-to-date market appraisal.

OXFORD WELCOMES EMMA BROWN-GARRETTTO THE RESIDENTIAL TEAM

Page 23: Oxford Newsletter

OXFORDAGENCY.COM.AUPHONE (02) 9331 218040 FLINDERS ST DARLINGHURST NSW 2010

23

OXFORDAGENCY.COM.AU

23

47 FITZROY STREET, SURRY HILLS.

“This is Sydney’s inner-city ‘it’ suburb; many eateries and business have been sprouting in Surry Hills over the past few years and this is now the place to be seen.” David Scholes of Auction Works called out to the 100-strong crowd gathered on the quiet cul-de-sac for an opening offer.

The 20 registered parties were mostly local builders. The bidding started at $700,000 and although the auctioneer requested $25,000 jumps, it soared straight up to $800,000 with the next bid. Like a firework, the price shot up quickly by $10,000 increments until $850,000, and then … bang! … the auction exploded with the next bid of $50,000 more.

Still keeping a smart pace, a couple of $10,000 bids were made, making it difficult for everyone to keep up. Another big blast, this time of $30,000 still did not scare the pace, and punters made quick small bids, between $5000 and $10,000 apiece. When the auction seemed to come to an end, the new owner (who wished to remain anonymous) made his debut and final bid at $40,000 taking the price to $1.1 million.

The terrace has one bathroom and rear lane access, and although there is no car parking there is the possibility of moped parking, subject to council approval.

SYDNEY’S BIGGEST-EVER AUCTION DAY - LISTINGS TOTALLED 1102 FEATURED A BIG RESULT FOR 47 FITZROY STREET, SURRY HILLS.IT SOLD $300,000 OVER RESERVE FOR $1.1 MILLION ON SATURDAY.

Situated in a beautifully quiet cul-de-sac is this renovated townhouse offers privacy,it is absolutely perfect for the growing family. Spread over three levels & ready toenjoy with whole-floor living areas, an elegant bay window, alfresco entertainingspace and 3 spacious bedrooms all with built-in robes.

Set in iconic warehouse conversion ‘Rhodes House’, this apartment features lofty ceilings and 83sqm spacious internal/external living space. Situated on one the higher levels it enjoys expansive views over Newtown and Camperdown. Minutes to CBD, Sydney University, RPA Hospital.

Spacious townhouse moments to the beach - Sold prior to auction Generously sized apartment in warehouse conversion

1/701 MALABAR RD, MAROUBRA 510/1 MISSENDEN ROAD, CAMPERDOWN

SOLDSOLD

Page 24: Oxford Newsletter

2424

TIP 1 LANDSCAPING: DECLUTTER YOUR ENTRANCE

• Prune back unruly shrubs• Clear away dead leaves• Weed the flower-beds• Mow the lawn, & use an edger to tidy up any messy lines• Waterblast pavers, driveways, & the outside of your house• If appropriate, buy some new soil or mulch, for a fresh

looking garden

COST $0

TIME Half a day to a weekend, depending on the garden. The key here is to work smart, not hard. Do: Work on the things that will have a big impact, such as clearing away mess. Don’t: Spend a lot of time and money on new plants or re-designing the space.

TIP 2 REPAIR: SHOW BUYERS A FUNCTIONAL, WELL LOOKED AFTER PROPERTY

• Check the lights work / replace any blown lightbulbs• Tighten up loose hinges and wobbly doors• Spray WD-40 on creaking doors and fittings• Fix any cracked glass on windows• Remove broken and old flyscreens• Paint over cracks and patches on the walls

COST $0-$500 depending on your DIY skill level and materials

TIME Half a day to a day. The little things matter because they indicate to a potential buyer the condition of the overall property. A buyer who sees a well-functioning surface feels comfort that the things they CAN’T see are also well-functioning.

PREPARING YOUR PROPERTY FOR THE MARKET – TOP 5 TIPS

DECLUTTER: MAXIMISE THE FEELING OF SPACIOUSNESS

TIP 3 FRESHEN UP: MODERNISE YOUR LOOK WITH A FEW LOW COST UPGRADES

• Check your light fittings: are they cracked, old or outdated?• Look at light-switches and power-plugs: do they take you

back to the 90’s & have a yellow tinge to the plastic?• Door handles: all the same & in a classic or modern style?• What about cupboard and draw handles?• Finally, check your bathroom fittings

COST $500-$1000 to upgrade all of the above with brand new fittings

TIME One day. Get organised, arrange a handyman ahead of time, and then go to a big hardware store to buy everything you need. These simple upgrades can turn rooms and spaces that are terribly dated into charming and fresh looks.

TIP 4 DECLUTTER: MAXIMISE THE FEELING OF SPACIOUSNESS

• Remove all excess furniture – think chests of drawers, filing cabinets, book-cases, additional seats, etc

• Clear away all ornaments, piles of paper, books by the side of the bed, appliances that sit on the bench, etc

• Inside your cupboards, drawers and storage areas take the excuse to have a good cleanout and remove at least 50% of what was inside!

• Everything you are able to remove makes the space look bigger to prospective buyers, so be ruthless and clean out all those things that are “practical” but take up floorspace

COST $0, and if you end up having a garage sale you might make money

TIME No more than a weekend if you are ruthless with yourself (it shouldn’t take any longer than moving house will!)This tip is the one that is so often neglected, because it isn’t that fun to go through your things and throw things out. That said, if you are successful selling your house then you will have to do this anyway, and you may as well do it earlier and benefit from a better looking Open Home!

The rule we use is: If I haven’t used this in the last 12 months, I don’t need it. That is a lot easier said than done, so another good trick is to rent some storage space ahead of time, and just store everything to get it out of the house. You may find even a couple of months later you are a lot less attached to items that before you “simply couldn’t live without”!

Jamie Martin

RESIDENTIALCOMMERCIAL PROJECT MARKETINGHOTELSASSET MANAGEMENT

Page 25: Oxford Newsletter

OXFORDAGENCY.COM.AUPHONE (02) 9331 218040 FLINDERS ST DARLINGHURST NSW 2010

25

OXFORDAGENCY.COM.AU

25

WANT TO SELL QUICKLY AND FOR THE HIGHEST POSSIBLE PRICE? SO DOES EVERYONE. BUT AFTER WORKING WITH HUNDREDS OF PROPERTY SELLERS AND THE BEST REAL ESTATE AGENTS ALL OVER AUSTRALIA,WE’VE SEEN IT ALL.

WATERBLASTED PAVERS LOOK GOOD AS NEW

TIP 5 SPRING CLEAN: HAVE BUYERS FEELING READY TO MOVE IN

• Once you have de-cluttered (or during), it is time to give the place a thorough spring clean

• As you are cleaning out the linen cupboard, wipe the shelves out and refold the linen so it looks neat and tidy

• In the laundry, wipe down all the shelves and clean the dryer filter as well as the appliances themselves

• Vacuum all those hard to reach places under the bed, behind the couch, underneath the rug, etc

• Clean out the pantry and wipe down the fridge as well as all the cupboards and drawers in the kitchen

• Give the bathrooms a solid clean so that the shower, basins and tubs look fresh and sparkling

• Give all the windows a good clean inside and out

COST $0 to $200 depending on if you clean or hire someone to do it for you

TIME Half a day. Think about what you would expect if you went to a 5-star hotel. Clean sheets, no dust anywhere, impeccably clean bathroom, right? The same is true of people coming through your home on Open Home day.

So for the sake of four weekends and under $2000, put your best foot forward to potential buyers. You will sell faster (less Open Homes!) and for a higher price (we all want that!). Also, if you get organised then this will make life less stressful later on when you need to move. You’ll be drinking champagne and searching for your next dream house instead of madly packing and cleaning out the old place.

FRESH SOIL OR MULCH CAN REVITALISE YOUR GARDEN

MINIMISE CLUTTER AND MAXIMISE SPACIOUSNESS

Page 26: Oxford Newsletter

26

PROPERTIESFOR LEASERESIDENTIAL

1 11 1

Beautiful two bedroom apartment in the sought after ‘Elle Apartments’ featuring spacious open plan living & dining, district views, sleek gas kitchen & stunning bathroom.

Through a welcoming front yard, enter this cosy 2 bedroom terrace, spread over approximately 90sqm and 2 levels, 14 Jesmond Street blends charm and character.Features 2 queen size bedrooms, built in robes in master bedroom and spacious living and dining area.

Beautifully appointed 2 bedroom, 1 bath + sun room apartment Beautiful 2 bedroom, 1 bath + study terrace

9/36 FLINDERS STREET, DARLINGHURST 14 JESMOND STREET, SURRY HILLS

RESIDENTIALCOMMERCIAL PROJECT MARKETINGHOTELSASSET MANAGEMENT

$850 $850

23/360 BOURKE STREET, SURRY HILLS

1307/73 VICTORIA ST, POTTS POINT

1/633 MILITARY RD, MOSMAN

200-220 PACIFIC HWY, CROWS NEST

2/5-7 MARLBOROUGH, WILLOUGHBY

26/6-14 OXFORD ST, SURRY HILLS 207/6-8 WARD AVE, POTTS POINT

3/168 BOURKE STREET, SURRY HILLS

Light and airy studio apartment in Surry HillsStudio $380p/w

Harbour views from every room2bed, 2 bath, 1 car $650p/w

Situated in convenient Crows Nest1 bed, 1 bath $600p/w

Sunny balcony with district views2 bed, 1 bath $590p/w

Sought after secure buildingStudio $350p/w

2 bedroom unit in Mosman Village2 bed, 2 bath $650p/w

STATE OF THE ART DUPLEX

Updated with an abundance of natural light1 bed, 1 bath $350p/w

BEAUTIFULLY RENOVATED AND FURNISHEDFULLY FURNISHED TWO BEDROOMBRAND NEW & READY TO MOVE INOPERA HOUSE & HARBOUR BRIDGE VIEWS

BEAUTIFUL FULLY FURNISHED STUDIO NEW YORK STYLE APARTMENT

Award winning designer 3 bed duplex3 bed, 2 bath, 2 car $1300p/w

TOP FLOOR STUDIO

LEASED

LEASED

LEASED

LEASED

LEASED

LEASED

LEASED

LEASED

Page 27: Oxford Newsletter

27

OXFORDAGENCY.COM.AUPHONE (02) 9331 218040 FLINDERS ST DARLINGHURST NSW 2010

THEOXFORD TEAM

FROM LEFT TO RIGHT

Emma Brown-Garrett, Shane Blackett, Justin Lokmer, Matthew Marano, Glen Fitzgerald, Kristian Morris, David Dahdah, Anson Kolb, Sally-Anne McQuillan, Steffan Ippolito, Micheal Marano, Marc Marano, Stefan Jones, Rosanna DeBari, Michael Vranic, Allan Edmondson, Pieter Engelbrecht, Ralph Garofano, Michelle McGloin, Daniel Marano

Page 28: Oxford Newsletter

28