The Len Greedy and Alan Gray Team
Commercial Caloundra Edition 3 - 2012
2012 BIGGER AND BETTER What a frantic finish to 2011 and an equally frenzied beginning to the New Year. We worked through the festive period to finalise a number of sale and leasing transactions along with catering for new enquiry. Four industrial sheds, a retail property in Bulcock St, a service station and motel were our sale highlights in this period. A wave of tourists visited the Sunshine Coast over the holiday break ensuring a bumper return for business operators. The increased numbers have been attributed to the concerted national marketing campaign with 2.7 million visitors to the Sunshine Coast spending approximately $1.7m. Properties in first rate locations with strong tenants in place on long leases are once again in the highest demand. Properties in secondary locations will continue to suffer in terms of both selling and leasing. Investors have now bunkered down and are looking at purchasing commercial property achieving higher yields than in previous years.
SALE AND LEASING HIGHLIGHTS 51 Roderick Street, Moffat Beach – SOLD List Price $1.5m. Moffat Beach Fuel and Mechanical freehold was purchased by a service station operator who has sites in Brisbane and New South Wales. This iconic site will continue servicing the community and is earmarked for a complete facelift by the new owner including re branding and the expansion of the existing shop area. The current lessee Les Wheeler will continue to run the mechanical workshop as he has done successfully for many years. This sale was an exhaustive process as the site had to be EPA (Environmental Protection Authority) compliant along with extensive line and tank tests being undertaken as part of the buyers due diligence. 26 Bowman Road, Caloundra – LEASED. Australia’s largest short term lender and second hand dealer Cash Converters has relocated from their Nicklin Way premises to this modern air conditioned showroom/warehouse on busy Bowman Road.
Above: SOLD - Len, Alan and business operator Les Wheeler out the front of the Moffat Beach Service Station. Below: Cash Converters Manager Adam with the Team at their new premises.
Financial institutions have an abundance of funds to lend but in 2011 it was evident that they were extremely conservative in assessing a property’s value - this trend will certainly continue in 2012.
Commercial Caloundra
The Results Keep Coming... 14 Baldwin Street, Caloundra – LEASED Formerly the long term site of Caloundra Marine, this corner location on busy Baldwin St has been transformed into Caloundra Garden & Pet Supplies. The lessee is a long time Caloundra resident and has 20 years experience in the landscaping business. The building has been reconfigured and modernised to suit the new operation. Shop 1 at 111 Bulcock Street – LEASED Stacks Pancake Bar have relocated their Sunshine Coast operation from the Sunshine Plaza. Stacks Pancake Bar is well known for the best pancakes on the Coast with regular customers from Tasmania, Victoria, South Australia and as far away as Canada. Stacks Pancake Bar Caloundra are not just pancakes but a wonderful casual dining experience. Located under Pumicestone Blue Resort and open early for breakfast. 7/ 8 Exeter Way, Caloundra West – SOLD – List Price $320,000 This is an example of the importance of working with an up to date data base of buyers. The buyer was matched and a Sale Contract entered into after the first inspection of the property and settled 2 weeks later. The purchaser will run his business Vertex Access Solutions from the Exeter Way location that is situated in a new industrial subdivision in the Caloundra. Vertex Access Solutions specialise in commercial and industrial painting via rope access.
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Leas
Leased: 14 Baldwin Street, Caloundra.
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Leas
Leased: 1/ 111 Bulcock Street, Caloundra.
1/15 Exeter Way, Caloundra West – UNDER CONTRACT – List Price $350,000 This front shed in a complex of 3 really has the corporate WOW factor and attracted plenty of attention. It is of the highest quality office fit out and includes furniture package, air-conditioning etc. Alan and Len sold the shed a couple of years ago and were engaged to resell as the owner operator has relocation plans. 59 George Street, Moffat Beach – SOLD – List Price $550,000 Three industrial sheds on one title, fully tenanted and a tidy little investment. An editorial in a number of regional newspapers resulted in enquiry from Mackay, Gatton, Toowoomba and Gladstone. A local investor was the eventual buyer with this being his first commercial addition to his property portfolio. 18 Bowman Road, Caloundra – UNDER CONTRACT – List Price $3.6m The Anchorage Motor Inn has undergone a major refurbishment since last being sold by Len and Alan with its 26 rooms being upgraded along with the swimming pool, playground and the restaurant and bar area. The purchaser is a local Caloundra businessman who will oversee the operation of the motel and restaurant. This prominently positioned site adjoins Woolworths Shopping Complex and has future redevelopment potential.
SOLD
Sold: 7/ 8 Exeter Way, Caloundra West.
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ntra er Co
Und
Under Contract: 1/ 15 Exeter Way, Caloundra West.
Commercial Caloundra
110 Bulcock Street, Caloundra – SOLD – List Price $1.25m This retail property comprising three tenancies has been purchased by an investor from Noosa who has been researching commercial investment properties across the entire Sunshine Coast.
SOLD
He identified Caloundra as an area with the potential for higher capital growth than other regions and embraced this properties location and possible future redevelopment. The 3 tenancies have all had a recent facelift with the Ray White Commercial Office being the anchor tenant.
SOLD: 59 George Street, Moffat Beach.
167 Grigor Street, Moffat Beach – SOLD – List Price $355,000
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Another sale in record time after an inspection was arranged a day after the sign was erected on the property. The inspection in driving rain was followed by a meeting in our boardroom with the prospective purchaser and the contract details formulated. This freestanding industrial shed has been purchased by a local business operator and is perfect both in location and size – another happy customer.
tra n o C er
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Under Contract: 18 Bowman Road, Caloundra.
SOLD
SOLD
SOLD: 167 Grigor Street, Moffat Beach.
SOLD: 110 Bulcock Street, Caloundra.
Commercial Property Management When it comes to managing your property portfolio, nothing is more powerful than experience. Contact Karen and Jacki for all your Commercial Property Management needs Karen Lomax Direct 5491 0951 karen.lomax@raywhite.com
Jacki Greenland Direct 5491 0902 jacki.greenland@raywhite.com
Commercial Caloundra
Premium Properties Freehold Retail, CafÊ / Restaurant Investment Opportunity Lot 101 and Lot 102 111 Bulcock Street Pumicestone Blue, Caloundra Two high profile commercial freehold lots with Bulcock Street frontage - For sale in-one-line or the two lots to be offered separately. Lot 101 and Lot 102/ 111 Bulcock Street comprise five commercial tenancies over two lots situated on a prominent corner location below the popular 4 ½ star resort Pumicestone Blue. Lot 101 comprises a total area of 148sqm inclusive of the outdoor dining area and is tenanted by Stacks Pancake Bar who have just entered into a 3 year lease with two 3 year options. The property has a full commercial kitchen, prep area, cold room, service counter and generates a solid income of $35,000 net per annum. Lot 102 has a total area of 325sqm comprising four tenancies occupied by a strong mix of eateries including Jow Noodles, a Wok and Sushi Bar and Income Tax Professionals. Each tenancy has a modern fit out and a secure lease in place generating a strong holding income. Pumicestone Blue Resort comprises 53 one, two and three bedroom apartments over 11 levels and the commercial tenancies receive good trade from the resort guests and public alike. With high exposure to passing traffic and generating a healthy income, these properties present an impressive opportunity and is a value add to any investor portfolio.
Lot 101 Lot 102
$440,000 $1.75 million
Len Greedy 0401 691 807 len.greedy@raywhite.com Alan Gray 0414 894 084 alan.gray@raywhite.com
Commercial Caloundra
For Sale Sale
Currimundi 698 Nicklin Way Investor Alert! 3 Tenancies One Title • Fully leased investment opportunity on busy Nicklin Way • Total building area of 250m2 approx, 546m2 block with parking • Main road frontage, strong tenants in place • Tightly held, will sell Asking $1.385 million Len Greedy 0401 691 807 len.greedy@raywhite.com
Sale
Caloundra 28 Bulcock Street Fully Tenanted Investment • Prominently positioned Bulcock Street freehold property • 425m² block located in the heart of Caloundra’s CBD • 306m² building area, fully leased with strong income and tenants • Ideal investment for self funded superannuants, blue chip buying Asking $1.72 million Len Greedy 0401 691 807 len.greedy@raywhite.com
Sale/Lease
Caloundra West 3 & 6 / 159 Mark Rd Two Industrial Sheds - Position Plus
www.raywhite.com.au/ 634089 & 648877
• Suit investor or owner occupier, For Sale or Lease (Lease by neg.) • 100sqm approx plus 40sqm mezz and 105sqm available • Office space, warehouse, roller door, kitchenette and toilets • Small complex of 6 units, onsite car parking Shed 3 $250,000 + GST (if app) Shed 6 $265,000 + GST (if app) Alan Gray 0414 894 084 alan.gray@raywhite.com
Sale/Lease
Moffat Beach 61 George Street Lease Now - Buy Later
www.raywhite.com.au/ 683790
• Freestanding 555sqm building with 38sqm mezzanine level • Situated on 701sqm block zoned for industrial light/ medium • Two a/c offices, 6m high front sliding door, large open warehouse • Lease incentives with option to purchase Asking $795,000 plus GST if applicable Alan Gray 0414 894 084 alan.gray@raywhite.com
Sale
Golden Beach 49 Landsborough Pde Gemini Resort Freehold Restaurant
www.raywhite.com.au/ 682119
• Waterfront location, strength of tenancy, future capital growth • Leased to local restaurant operators on a 3 year lease with options • Set over two levels, total area of 239m2 inc. outdoor deck • Overlooking the resort pool and Pumicestone Passage Asking $345,000 Len Greedy 0401 691 807 len.greedy@raywhite.com
Commercial Caloundra
For Sale Caloundra 139 & 143 Bulcock Street
Sale/Lease
Land/ Redevelopment Site
www.raywhite.com.au/ 634895 & 682120
• Adjoining 1,012sqm blocks with a total area of 2,024sqm • Prominently located on the main road leading into town • Great signage opportunities • High traffic area with excellent street exposure Price by Negotiation Alan Gray 0414 894 084 alan.gray@raywhite.com
Bells Creek 345 Pierce Avenue
Sale
DA Approved Industrial Site
www.raywhite.com.au/ 685589
• 16 hectare site with DA approval • Approved for subdivision into 19 industrial allotments • Adjacent to the Sunshine Coast Industrial Park • Owner will consider joint venture options Asking $3.2 million plus GST Len Greedy 0401 691 807 len.greedy@raywhite.com
Caloundra Lot 82/30 Minchinton Street
Sale
Freehold Investment Opportunity • 136sqm split into two individual tenancies • Fully tenanted generating solid income • Located in Caloundra's retail and tourist hub • 3 secure undercover car parks Asking $550,000 Alan Gray 0414 894 084 alan.gray@raywhite.com
Caloundra West 25 Enterprise Street
Sale
DA Approved Industrial Land
www.raywhite.com.au/ 640474
• Level 3,739m² industrial block •D A comprises two large sheds with 1,634m² approx GFA, 27 onsite car parks, 18,000 litre underground water tank Plans available • Great opportunity to develop and sell on or custom build to suit Asking $1,400,000 plus GST Artist Impression
Sale
Alan Gray 0414 894 084 alan.gray@raywhite.com
Caloundra West 13 Exeter Way Caloundra West Business Park - New
www.raywhite.com.au/ 692008
• Opportunity for investors and owner occupiers • Only 3 units remaining, 181sqm to 273sqm available • Each unit comprises warehouse, mezzanine level and balcony • 3 phase power outlets, 28 on site carparks, 5 minutes to CBD Prices start from $340,000 plus GST if applicable Alan Gray 0414 894 084 alan.gray@raywhite.com
Commercial Caloundra
For Lease Lease
Lease
Caloundra 87 & 89 Bulcock Street
Caloundra 6/9 Bulcock Street
Adjoining Retail/Office - Refurbished Tenancies
Business Opportunity in CBD
• Option to lease one, two or three tenancies
• 95m² retail or office
• 160m2, 163m2 and 165m2, Total of 488m2
• Ducted a/c & ceiling fans, kitchenette in each • Rear lane access and car parking
• A/C, storage, car parking
Price by negotiation - Must be leased!
$32,300 pa plus GST (inc. Outgoings)
Lease
Lease
Lease
Caloundra 2/ 8 Otranto Avenue
Caloundra West 1/ 15 Exeter Way
Moffat Beach 42 Ulm Street
Must Be Leased
A-Grade Office - Fit Out & Furniture
$90 per m² - Industrial Shed
• 95m² ground floor office, fully a/c
• 178sqm, two levels, high quality, a/c
• Two tenancies with option to sublease
• Short or long term available
• Complex of three units, onsite parking
• 364m² total, office space, high ceiling
$400 p/wk plus Outgoings and GST
$24,920 pa plus Outgoings and GST
$31,140 pa plus Outgoings and GST
Lease
Lease
Lease
Caloundra West 7 Sydal Street
Caloundra 10/30 Minchinton Street
Caloundra 3/18 Mayes Avenue
1,098m² Ready to Occupy
Boutique Retail or Office
Medical/ Consultant Tenancy
• Large industrial site with hard stand
• 45m², street frontage, modern, a/c
• 142m², ‘Apollo Medical Centre’
• A/c offices, 3 phase, parking, fenced
• Below apartment building, 1 car park
• Consultant rooms, reception, a/c
$160,000 pa plus Outgoings and GST $12,000 pa plus Outgoings and GST
Lease
Lease
$56,658 pa plus Outgoings and GST
Lease
Parrearra 5/ 70-72 Nicklin Way
Caloundra 6/38 Bulcock Beach Epl
Golden Beach 60-62 Landsborough Pde
High Profile Position
Modern Retail or Office
Adjoining Office Space - Modern
• 71m², a/c, carpet flooring, kitchenette
• 83m², ducted a/c, glass shop front
• 2x offices, 61m² and 70m², private
• 200m to Kawana Shopping Centre
• Good passing traffic
• 1 undercover car park each
$28,797 pa plus Outgoings and GST
$43,000 pa plus Outgoings and GST
$210 per m² plus Outgoings and GST
Commercial Caloundra
Feature Property
Pristine Boarding Kennels For Sale Rarely offered boarding kennels adjoining the Bruce Highway and ideally situated between Brisbane and the Sunshine Coast are offered for sale as a business and freehold package. The highly profitable Pines Pet Resort provides an opportunity for a family to live in and generate income or operate under management. The 5 bedroom residence comprises
3 bedrooms in the main living area and an adjoining 2 bedroom self-contained flat, pool, gazebo and 4 car garage.
Summary of Features • Easy access from Bruce Hwy
Currently the boarding kennels accommodate 60 dogs which could easily be increased to 85-90. There are secure exercise yards, two catteries with one being of “5 star” standard, reception and office areas, storage facilities and more.
• 5 bedroom a/c residence
The current owners have overseen many improvements and the Pines Pet Resort is renowned for its excellent facilities, personal service and attention to detail.
• Family or manager run business
The property has a total area of 10,500m², two bores and ample car parking for staff and customers.
Len Greedy 0401 691 807 len.greedy@raywhite.com
An inspection is a must on this immaculately presented offering.
• Swimming pool and gazebo • Large and loyal client base • Potential for expansion • Modern, low maintenance
Asking $1.95 million
Contact marketing agents
Alan Gray 0414 894 084 alan.gray@raywhite.com
The Len Greedy & Alan Gray Team The team that continues to deliver on promises, exceed expectations and achieve results Specialising in: Sales | Leasing | Property Management Office Retail Industrial and Development Len Greedy 0401 691 807 len.greedy@raywhite.com Alan Gray 0414 894 084 alan.gray@raywhite.com 1/110 Bulcock Street (PO Box 220) Caloundra, Qld 4551 Ph: 07 5491 4600 Fax: 07 5491 4655 www.raywhitecommercialcaloundra.com.au
Karen Lomax 0402 104 674 karen.lomax@raywhite.com Jenna Hamilton 5491 4600 jenna.hamilton@raywhite.com Jacki Greenland 0401 557 757 jacki.greenland@raywhite.com