Commercial Real Estate Matters

Commercial Real Estate

Matters

MICHAEL SHADFORTH Ray White Commercial

North Coast Central

INSIGHT INTO INVESTMENT OPPORTUNITIES

Affordability, thanks to the Reserve Bank Australia’s low interest rates, is fostering the best-selling market since the pre-GFC environment of 2007 and this is being reflected in the increase in the level of enquiries on commercial properties across the region. Government agencies employment contracts have stimulated the commercial office sector and an increase in funding and governmental department staff has consequently increased the demand for larger premises. There are investment opportunities, in both office and retail, in the medical and research hub of Kawana located in close proximity to the Hospital. There has been no further marked difference in availability across the Maroochydore CBD area, with much of the A Grade space available already leased by the food and beverage industry. The River Markets Shopping Centre is fully leased and trading well above expectations and Bli Bli Village Centre, a three-staged, multi-level commercial precinct mix of retail, food and beverage, and professional services is well-positioned to align with its success and has already attracted significant interest from prospective tenants. Industrial stock is tightening in the Kawana district with the market driving demand due to its proximity to the Hospital, and medical and research precinct. Overall, the current climate is encouraging a buying mentality and funding options have improved, although 100 per cent loan approvals have stagnated across lending institutions. The largest major industrial land release in Brisbane’s northern growth corridor, North East Business Park (NEBP) in Morayfield, is currently on the market. Zoned industry it is ideally positioned adjacent to the M1 which carries over 78,000 vehicles per day. Sunshine Coast Council’s focused drive on attracting overseas investors to the Sunshine Coast region forms part of its Regional Economic Development Strategy deployment and, over time, 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 area.

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.

Quality Investment In Corporate Park Estate Caboolture, 9-11 Boeing Place

• $288,000 per annum full net lease • New 3 x 3 year lease • Provision to split into 2 tenancies in future • Container set down & truck turning • Ample car parking • Immediate Bruce Highway Access

Lease Chris Massie 0412 490 840 chris.massie@raywhite.com Property ID 1309070 Ray White Commercial North Coast Central

Exposure, Exposure - Marcoola Resort Strip 914 David Low Way, Marcoola

• 65 m² Office/Retail Unit • Last tenancy remaining on the ground floor • Plenty of onsite car parking • Located next door to Chemist Warehouse and local convenience store

Lease Emily Pendleton 0402 435 446 emily.pendleton@raywhite.com Property ID 1322946 Ray White Commercial North Coast Central

Investment Opportunity - First Time Offered! Caboolture, 16-18 Aerodrome Road

• Multi-Tenanted Investment • Stand Alone Property • Vacancy Upside • Two buildings with Strata Potential • $201,589.75 net rent per annum

Sale Chris Massie 0412 490 840 chris.massie@raywhite.com Property ID 1243026 Ray White Commercial North Coast Central

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

• Three-staged, multi-level commercial precinct • Mix of professional suites, retail shops, restaurants, cafes and specialty services • Basement level car parking accommodates up to 174 vehicles • Suit Medical/Retail/Office and Professional

Lease Emily Pendleton 0402 435 446 emily.pendleton@raywhite.com Property ID 1308576 Ray White Commercial North Coast Central

National Tenanted Investment Birtinya, 5/8 Innovation Parkway

• 948 m²* first floor strata title suite • Dual road exposure to Kawana Way and Innovation Parkway • Custom office fit out • Rent PA: $329,966.16 + GST (Gross Lease) • Located in thriving Kawana Business Hub • Minutes to new $3B Hospital Precinct

Tenanted Investment Chinchilla, 10 Braithwaite Street

• Freehold commercial building - gross area of 580 m² • Positioned on 1.024 Hectare block (approx 2.56 acres) • Permissable Use - Child Care Centre • Purpose built facility and grounds • 10 year lease returning $121,000 per annum • Future development opportunity on surplus land