Commercial Real Estate Matters

Commercial Real Estate

Matters

MICHAEL SHADFORTH Ray White Commercial

North Coast Central

INSIGHT INTO INVESTMENT OPPORTUNITIES

Investment fund managers and self-managed super funds are stimulating the commercial real estate market with a renewed vigour as term deposit money is retracted to invest into property for a greater long term return. Interestingly, there has been a spike in the level of activity and enquiries for investment opportunities across the North Coast Central corridor from metro markets, evidencing the tight yield on available properties nationwide.

A Grade stock with long term tenancies are in high demand across the Sunshine Coast. B Grade stock has seen little change in activity as the investors new to property are generally risk averse and happier to pay a premium for ‘known’ national tenants. For the astute investor willing to take a ‘hands on’ approach and withstand some risk, there are plenty of opportunities to invest in property which will return great future dividends.

Council’s focused drive on attracting overseas investors to the Sunshine Coast region forms part of its Regional Economic Development Strategy deployment, and Mayor Mark Jamieson recently travelled on a trade mission to Hong Kong, Frankfurt and London. Demand for commercial real estate will naturally surge and the region will reap the rewards as international businesses recognise the value in investing in the region. Activity is palpable; a British based investor recently purchased the last full length waterfront development site on the Coast.

There’s an increasingly large number of requests for ‘sell and stay’ packaging options. Perhaps it’s indicative of medium term planning for those in the 54-65 years demographic as part of their retirement plan; more and more owner occupiers are looking to sell an existing property yet remain on as a tenant, with an advantageous structure and attractive lease options. When structured correctly, it can result in a tenanted sale up to 20 per cent higher than vacant expectation.

ABOUT THE AUTHOR Michael Shadforth, Managing Director of Ray White Commercial North Coast Central, has a proven history in sales, leasing, commercial projects and developments, offering strategic marketing solutions to ensure clients success.

Cafe Tenanted Investment Kunda Park, U6/40 Kerryl Street

• Only cafe in the Kunda Park precinct • Leased until March 2016 with extra option of 2 x 3 years • Tenancy 6A: 95m² ground floor plus 95m² mezzanine • Tenancy 6B: 86m² ground floor cafe • Outgoings approx. $3,085 per annum + GST

Sale David C Smith 0412 712 680 davidcsmith.commercialsc@raywhite.com Property ID 1309958 Ray White Commercial North Coast Central

Quality Industrial Warehouse Investment Caboolture, 9-11 Boeing Place

• Leased to a national packaging company • $288,000 per annum full net lease • 3 year lease commenced 1 May 2015 with 3 x 3 options • 2,111m of 9m high tilt panel warehouse on 4,005m of land • Outgoings 100% payable by tenant (including land tax)

Sale Chris Massie 0412 980 840 chris.massie@raywhite.com Property ID 1309070 Ray White Commercial North Coast Central

Salon Tenanted Investment Mooloolaba, Lot 102/29 First Avenue

• Leased until April 2016 with 3 year option • Annual income approx. $28,177 + outgoings + GST • 61m² ground floor of Sea Mark building • Tenanted by hairdresser/beauty therapist • Excellent street exposure and car parking

Sale Emily Pendleton 0402 435 446 emily.pendleton@raywhite.com Property ID 1136159 Ray White Commercial North Coast Central

Modern Tilt Slab Warehouse Investment Caboolture, U19/23-25 Skyreach Street

• Lease commenced 4 March 2014 for 2 years • Rent $14,400 per annum inclusive of GST • Outgoings included in rent • 140m² with upstairs mezzanine, kitchenette, toilet • Dual road entry with easy access to north and south M1

Site With Development Potential Nambour, 132 Howard Street

• 597m² site includes approx. 214m² high-set Queenslander with residence • Located in Specialised Centre Zone – can build up to 4 storeys high • Excellent development potential with great main road exposure • Downstairs sales yard office approx. 214m² • Suit retail showrooms, retail supplies, low impact industrial and community

Bli Bli Village Centre Bli Bli, 304 - 312 David Low Way

• Three staged multilevel commercial precinct • Mix of professional suites, retail shops, restaurants, cafes and more • Basement level car parking for up to 174 vehicles • From from 60m² to 900m² • Confirms Bli Bli as a thriving business and residential centre