Commercial
Commercial
Caloundra City Centre - Retail & Office Space Available
EDITION 3
Office 2 - 40sqm $8800 + Outgoings + GST Office 3 - 54sqm $12,500 + Outgoings + GST Office 9 - 23sqm D EASE $4830 + LOutgoings + GST Office 12 - 35sqm $7,700 + Outgoings + GST Shop 7 - 63sqm $15,865 + Outgoings + GST Office 10b - E39sqm D EAS $8,775 +Loutgoings + GST Office 8 - 100sqm $20,640 + outgoings + GST Shop 14 - 235sqm Contact agent
51-55 Bulcock Street, Caloundra
* approx
Recently Leased/Sold... D D D D E E E E S S S S LEA LEA LEA LEA 2/10 Newing Way, Caloundra West
D E S LEA 2/167 Mark Road, Caloundra West
Caloundra City Centre Office 9 & 10B
Caloundra City Centre Shop 16
D D E E S S LEA LEA 28 Omrah Avenue, Caloundra
46 Bulcock Street, Caloundra
1/63 George Street, Moffat Beach
D SOL Unit 1/11 Exeter Way, Caloundra West
2011 - The year that was The wet start to 2011 and a string of natural disasters wiped out the traditional strong summer trade, a high dollar restrained the domestic holiday market, all this on top of a 2010 subdued by high interest rates resulting in a 2nd year of pain for the Coast's commercial property market. These factors have taken their toll across all sectors of the commercial market. It is hardly surprising many businesses could not hang on. The unfortunate reality is rising vacancy rates in retail strip, industrial shopping centres, showrooms and display yards. The hospitality sectors also did it particularly tough.
Upside - Significant Trends Large companies have again started to invest on the Coast. Bunnings with 2 sites, Woolworths with a Masters Home Improvement store proposed for Noosa. Coles and Woolworths also each acquired supermarket sites in the region and Harvey Norman opens its new superstore at Wises Farm in 2012. With the emergence of value, major investors also reentered the market in Q2 2011. The development of the $2.3b Sunshine Coast Hospital, whilst generally positive for the Coast's economy, may prove to be bitter sweet for some landlords who own office space further afield. Already we are seeing a re-weighting of the office sector with major tenants vying for office space in Birtinya and Kawana Waters smart office precinct. This will impact on the vacancy levels and rent achieved in particular for first floor office space in other office precincts.
Our four residential sales offices have seen significant increases in residential sales turnover in the last few months, the recent reduction in interest rates should ensure this trend continues and release a little spending power which could support the struggling retail sector. Could 2012 see the reemergence of development on the Coast with the associated flown to the bulky goods / showroom and retail sector? Other expert commentators have a more jaded view, believing the retail vacancy rate is increasing, rental levels are declining, property sales volumes are steady but that the Coast is still in the decline phase of the "property cycle" as is the local economy which continues to contract.
What does this mean for landlord and tenant? With few exceptions, whatever view you subscribe to the remedy appears to differ little. The wise landlord will meet the market in Q1 2012 and pitch a rent and incentive package that attracts proven operators, and then claw back their position through a structured rent review mechanism over the term of the lease. The savvy tenant whether staying put, trading from a secondary location or needing more space will use this opportunity to trim overheads and improve their location, setting themselves up for the improving market. Yes, their may be a bit of tension, but if all parties are pragmatic, they should be able to secure a little certainty for the next 3-5 years.
Henzells Commercial PO Box 238, Caloundra Qld 4551 07 5491 2000 | commercial@henzells.com.au
www.henzells.com.au
Follow us
www.henzells.com.au
Follow us
For Sale
Follow us
For Lease
www.henzells.com.au
www.henzells.com.au
5/2 Dual Avenue, Warana
Shed 6 & 7/37 Caloundra Rd, Caloundra West
4/45-47 Minchinton Street, Caloundra
3/103 Bulcock Street, Caloundra
| | | |
| | | |
| | | |
| | | |
Situated in modern 5 unit industrial strata complex 140sqm showroom/warehouse (+ 97sqm mezzanine) strata High span concrete tilt slab industrial unit Large roller door access, incl spray booth
Approx 133sqm & 210sqm Ideally located off Caloundra Rd, optimal vehicle exposure Roller door access from the front & rear laneway Solid block construction with off street parking
Approx 76sqm Ground floor office in CBD Front reception & waiting area 2 allocated car parks
Approx 48sqm, air conditioned Boutique ground floor office Excellent on-site parking Located on Caloundra's main business strip
For Sale - $410,000 + GST Jon Dale 0411 414 930
For Sale - Shed 6 $266,000 , Shed 7 $420,000 Paul Bell 0400 711 969
For Lease - $17,100 pa plus outgoings & GST Paul Bell 0400 711 969
For Lease - Negotiable: $10,000 pa + outgoings & GST Paul Bell 0400 711 969
Unit 1/5 Commerce Avenue, Warana
4/39-41 Minchinton Street, Caloundra
1/80 Lower Gay Terrace Caloundra
Unit 6/11 Exeter Way, Caloundra West
| | | |
| | | |
| | | |
| | | |
100sqm warehouse plus 42sqm mezzanine Great exposure to busy street with easy vehicular access Convenient location in Warana industrial estate Roller door and glazed shop front entry
Approx 214sqm Close proximity to Bulcock Street Tenant profile within the 'Trinity House' complex 3 secure car parks
Approx 83sqm with approx 59sqm outdoor covered area 4 dedicated undercover parking spaces Phone & data cabling in place for up to 10 work stations Current fit accommodates a professional office
Located in new industrial complex of 12 tenancies Ground floor 116m²*, mezzanine 45.2m²*, balcony 168m²* Exclusive undercover parking + ample off street parking Ideal for businesses with onsite showroom or office
For Sale - $240,000 Jon Dale 0411 414 930
For Sale - Expressions of Interest Paul Bell 0400 711 969
For Lease - $20,800 + outgoings & GST Paul Bell 0400 711 969
For Lease - $17,745 p/a + outgoings & GST Paul Bell 0400 711 969
Units 1 & 2 Machinery Avenue, Warana
11 Exeter Way, Caloundra West
Unit 1/20 Premier Circuit, Warana
3/12 Premier Cct, Warana
| | | |
| | | |
| | | |
| | | |
1,149sqm GBA factory/warehouse Vented high clearance warehouse with extraction fans High motorised roller doors with direct street access Security glazing, screens & CCTV, 10 car parking bay
For Sale - $1,800,000 + GST For Lease - $13,420 + outgoings & GST Jon Dale 0411 414 930
Brand new industrial complex, only 3 of 12 remain Unit 9: 181sqm $340,000 Unit 4: 246.8sqm $440,000 Unit 8: 274sqm $495,000
For Sale - Prices start from $290,000 + GST Paul Bell 0400 711 969
www.henzells.com.au
Well appointed office/showroom/warehouse 161m² warehouse with 4.5m roller door access 4 allocated parks + 9 common car parks 376m² unit in secure gated complex
For Lease - $47,000 p/a + outgoings & GST Jon Dale 0411 414 930
900sqm distribution HQ or factory Concrete tilt slab industrial factory warehouse High clear-span warehouse with dual roller door access Air con offices & staff amenities over 2 levels + 9 car parks
For Lease - $108,000 p/a + outgoings & GST Jon Dale 0414 414 930
www.henzells.com.au