C E N T R A L M O R E TO N B AY
CHRIS MASSIE COMMERCIAL PRINCIPAL 0412 490 840
ASHLEY REES SENIOR SALES & LEASING 0411 707 410
AARON CANAVAN SALES & LEASING EXECUTIVE 0447 744 948
BLAKE PRIMROSE LEASING ASSOCIATE 0423 555 043
MORETON BAY
SUNSHINE COAST
PINE RIVERS
3/125 Morayfield Road Morayfield QLD 4506
1/172 Brisbane Road Mooloolaba QLD 4557
Level 1, 104 Gympie Road Strathpine, QLD 4500
T 1300 255 075 F 1300 778 887
T 1300 255 075 F 1300 778 887
T 1300 255 075 F 1300 778 887
ONE TEAM - THREE LOCATIONS
DIRECTOR’S U P D AT E S
NORTHERN CORRIDOR GROUP
CHRIS MASSIE
MICHAEL SHADFORTH
The launch of new estates like Aura in Caloundra and Corporate Park East, Caboolture as well as the continued expansion of Brendale, will provide some relief but we expect demand to continue
As a child of the Sunshine Coast and now a father myself, it is the diverse education and employment opportunities available to the younger generation that I believe will have the greatest long-term impact.
outstripping supply through 2019. Director Moreton Bay
DIRECTOR UPDATE
ONE TEAM - THREE LOCATIONS
Our expansion into the Brendale and North Brisbane markets through our Pine Rivers office has provided some interesting insights, with the strength of industry across the North Brisbane and Moreton Bay regions being the defining take-away of 2018 for me. On review of our transactions across the region, the lease and sale of industrial buildings accounted for close to 60% of all deals, outperforming office, retail, showrooms and hospitality combined. The implications for this trend becomes concerning when combined with the analysis of properties actually available across the region. The launch of new estates like Aura in Caloundra and Corporate Park East, Caboolture as well as the continued expansion of Brendale, will provide some relief but we expect demand to continue outstripping supply through 2019. Opportunities exist across all sectors this year and we will be closely tracking the trends. At the start of 2018 our team had set ourselves the goal of being the commercial property experts for the Northern Corridor, so much so that we changed our name to reflect this. We are proud of the work done to date and promise to continue providing you with the knowledge, resources and support to ensure your next property decision is made from an informed position of strength.
.
Director Sunshine Coast
The first quarter of 2019 for the Northern Corridor is set to continue the generally positive trajectory we witnessed across 2018. While housing prices in the southern capitals have taken a hit, many are still capitalising on the price disparity to sell up and move north. This is reflected in our domestic migration numbers that have parts of the Northern Corridor among the fastest growing precincts in the country. The result is a solid baseline increase across almost all measurable sectors of our market, but it is the intangible benefits that excite me just as much. As a child of the Sunshine Coast and now a father myself, it is the diverse education and employment opportunities available to the younger generation that I believe will have the greatest long-term impact. Recent infrastructure programs like the Undersea Cable, University Hospital, Sun Central, the international airport and Aura has seen the Sunshine Coast quickly become a serious contender on the global economic stage, and I for one am excited to see where we are headed.
RAY WHITE COMMERCIAL NORTHERN CORRIDOR GROUP ANNUAL SALES & LEASING Annual Sales $70,363,885 47 Industrial 19 Retail 10 Office 19 Land 5 Other
Annual Leases $6,298,459
96 TOTAL SALES
67 Industrial 47 Retail 36 Office 3 Land
157 TOTAL LEASED
SPOTLIGHT ON C E N T R A L M O R E T O N B AY NORTHERN CORRIDOR GROUP
THIS MONTH’S FEATURE ARTICLE WRITER IS AGENT ASHLEY REES OF THE NORTHERN CORRIDOR GROUP
YOUR AREA UPDATE This well-established industrial precinct fringing the Bruce Highway through Narangba, Deception Bay and Burpengary continues to come of age as one of the more functional logistics hubs of the Northern Corridor. There is probably no better example of the current appetite for industrial product on the north side than the government run Narangba Industrial Estate, where the last of the lots have just gone under contract after more than twenty years on the market. While price has never been a major sticking point for this estate, the extreme government compliance obligations for businesses wishing to buy and build have proven a major deterrent until the recent lack of alternatives forced their hand. Watch for some significant construction through this area over the next twelve months as these recent land transactions evolve into operating businesses. As shown by the figures below, this area is not immune to the stock shortages currently being experienced across the greater Northern Corridor. Motorway Business Park is likely to provide some relief through its flexible Mixed Industry & Business zoning, with construction of the next stage expected to commence in the second half of 2019. The lot sizes ranging from 2,000m2 will provide options for owner occupiers and larger tenant-driven developments. We hope to be proven wrong, but it is likely that increased construction costs, stagnated rentals and tighter lending criteria will restrict developers from producing speculative stock to meet the true current demands, which is primarily from small to medium enterprises.
In the medium term, the population growth projected through Caboolture West, Aura and residual infill through the region will ensure major business will be dragged further north to service what will be a powerhouse catchment of national significance. In the shorter term, ongoing congestion issues closer to the city and with the Sunshine Coast proving to be a lifestyle magnet for business owners, there is no reason why the shift of businesses out of the inner-north will not continue. This has been reflected in our analysis of enquiry sources across the last six months, with a significant increase in the percentage coming from established Brendale and inner north businesses. For investors, values for both vacant and tenanted existing stock through this region should continue to climb through ongoing tenant demand and as North Lakes sets new benchmarks. Tenants will come and go, so focus instead on well located, functional buildings with good truck access. Strata units through Business Drive and Kabi Circuit will continue to perform well and any buildings purchase under $2,000m2 should yield strong medium term capital growth, regardless of current tenancy status.
VA C A N C I E S SIZE
LAST QUARTER
AV E R A G E R E N T
THIS QUARTER
SIZE
LAST QUARTER
THIS QUARTER
0-200m2
0
1
0-200m2
$0
$174
200-500m2
7
6
200-500m2
$115
$121
>500m2
8
7
>500m2
$104
$114
CENTRAL MORETON BAY ACTIVITY NORTHERN CORRIDOR GROUP
LISTED FOR LEASE / SALE
Ray White Commercial - Northern Corridor Group RESEARCH TEAM The following is a summary of the key Listed, Leased and Sold properties
ADDRESS
SUBURB
NLA M2
SALE PRICE INC GST
LEASE PRICE P/M NET
206m2
-
$3,000
98m2
-
$2,708
1,740m2
-
$1,700
Lease
2/10-24 Kabi Circuit
Deception Bay
Lease
11/115-117 Buckley Road
Burpengary
Lease
1/108 Lipscombe Road
Deception Bay
Lease
7/5 North Shore Drive
Burpengary
202m2
-
$5,050
Lease
7/29-39 Business Drive
Narangba
439m2
-
$4,449
Lease
8/29-39 Business Drive
Narangba
190m2
-
$2,011
Sale
76-88 Main Street
Narangba
2.05 Acres
$2,200,000
-
Sale
9/116 Lipscombe Road
Deception Bay
255m2
$425,000
-
Sale
1/23-25 Kabi Circuit
Deception Bay
321m2
$775,610
-
Sale
2/23-25 Kabi Circuit
Deception Bay
320m2
$704,000
-
650 Gympie Road
Narangba
900m2
Auction
14 March
Auction 10am
-
SALE PRICE INC GST
LEASE PRICE P/M NET
LEASED & SOLD FOR LEASE / SALE
ADDRESS
SUBURB
NLA M2
Lease
8&9/657-659 Deception Bay Road
Deception Bay
600m2
-
$6,300
Lease
4/41-51 Bailey Road
Deception Bay
76m2
-
$1,512
Lease
4/1-3 Business Drive
Narangba
345m2
-
$3,000
Sold
17-19 Imboon Street
Deception Bay
1,320m2
$1,900,000
-
Sold
6 Richards Road
Narangba
419m2
$565,000
-
Sold
10/116 Lipscombe Road
Deception Bay
462m2
$500,000
-
GENERAL INDUSTRY LAND PURPOSE BUILT LEASE HARDSTAND LEASE
Port of Brisbane
Brisbane CBD North Lakes
Brendale
North Harbour
Corporate Park
The opportunity Bruce HWY 3 Mins
Airport 25 Mins
You can now secure fully serviced General Industry land lots in Caboolture’s first estate release for over ten years. Corporate Park, at the Bribie Island Rd and Bruce Highway interchange, has long been the area’s preferred location for industrial tenants and owneroccupiers in Moreton Bay. The estate is now at capacity, so eyes are turning to the next release of Corporate Park East. Contact us today for a price list or to help design your ideal premises.
Port of Brisbane 30 Mins
Northern Corridor Group
CHRIS MASSIE chris.massie@raywhite.com 0412 490 840
ASHLEY REES ashley.rees@raywhite.com 0411 707 410
AGENT PROFILE
NORTHERN CORRIDOR GROUP
Aaron joined our Commercial Northern Corridor Group as a Leasing Associate in 2014, following a career as a professional golfer & fulltime member of the PGA, playing professional tournaments and coaching the game for nearly three years. Aaron quickly became an integral part of our sales and leasing team and has a true passion for the Moreton Bay market, having lived in the area most of his life.
Aaron understands what it takes to achieve success and prides himself on his ability to understand people and listen to their needs. In Financial Year 2016/2017 Aaron received his first Premier Agent award within the Ray White group, which he has maintained each year since.
AARON CANAVAN SALES & LEASING EXECUTIVE 0447 744 948 aaron.canavan@raywhite.com
RECENT NOTEWORTHY TRANSACTIONS ED
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20-22 Concorde Place, CABOOLTURE
2/8-10 Skyreach Street, CABOOLTURE
3/26 George Street, CABOOLTURE
• 836m Industrial warehouse • 176m2 of air conditioned office • 2508m2 freehold land • Ample 3 phase points throughout • 6x Swing arm cranes
• 660m warehouse with ample parking • Large roller door access - front & rear • 10 designated parking spaces • Air-conditioned offices (mezzanine) • Onsite facilities • 3 Phase power
• 73m2 open plan corporate office • Air Conditioning throughout • Quality carpet floor coverings • Private toilet • Kitchenette • On site car parking
2
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Leased $90,000 P/A Net
Leased $73,500 P/A
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Leased $19,200 P/A
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17-19 Imboon Street, DECEPTION BAY
10/116 Lipscombe Road, DECEPTION BAY
• 1320m2 highbay clearspan warehouse/ office facility • Unit comprising of 1120m2 warehouse and 200m2 professional office • Container height roller doors • Ample on site exclusive car parks
• 462m2 modern warehouse facility comprising of 376m2 warehouse and 86m2 mezzanine • Electric container height roller door • On site car parking • Just minutes to Bruce Highway
Sold $1,870,000
Sold $500,000
PROPERTIES FOR SALE OR LEASE NORTHERN CORRIDOR GROUP
ED LE NEED A S ES
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O TIE LE ROPER A S P RE
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289-293 Deception Bay Road, DECEPTION BAY
2/10-24 Kabi Circuit, DECEPTION BAY
• The subject property provides for 4,285m2 of high exposure and totally cleared land in a key location linking the Bruce Highway to the Redcliffe Peninsula.
• 206m2 Warehouse space • Ideal for food prep/cafe (approved) • Roller door access and rear loading • Internal Waste Facility • Brand new 20m2 Cold Room • Additional mezzanine storage • Toilet/shower amenities • Air-conditioned office space • Grease trap
• With in excess of 20,000 passing vehicles per day, the site lends itself to a variety of potential uses. • Expressions of Interest close 4pm 7 March 2019. For Sale - Expressions of Interest Michael Shadforth & Jordan Hayes
SE D EA NEEDE L R S
IE E OOPERT L A R
S
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For Sale or Lease - Contact Agents Chris Massie & Aaron Canavan
E DED ALES NEE S R TI
FO ROPER EP
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10 Huntington Street, CLONTARF
4/64 William Berry Drive, MORAYFIELD
• 688m2 Freestanding warehouse facility • Comprising of approximately 585m2 Warehouse & 103m2 Office • Fully secure site • 5x Roller doors • On site amenities with disability accessible toilet • High power supply • Car parking onsite
• 408m2 Office space with ducted air-conditioning • Large open plan layout with multiple private offices throughout • Interal Amenities with showers & toilets • Fully fit out reception with waiting area • Large on site car park • Signage opportunity • Short walk to public transport
For Sale or Lease - Contact Agents Chris Massie & Aaron Canavan
For Sale - Contact Agents Chris Massie & Aaron Canavan
For a full list of current opportunities for sale or lease visit raywhitecommercialnortherncorridorgroup.com.au
OUR TEAM
NORTHERN CORRIDOR GROUP
MORETON BAY
SUNSHINE COAST
CHRIS MASSIE DIRECTOR 0412 490 840 chris.massie@raywhite.com
MICHAEL SHADFORTH COMMERCIAL PRINCIPAL 0488 981 076 michael.shadforth@raywhite.com
ASHLEY REES SENIOR PROPERTY ANALYST 0411 707 410 ashley.rees@raywhite.com
JULIE RYAN MAJOR ASSET SALES 0447 445 453 julie.ryan@raywhite.com
WARWICK PETERS SENIOR BUSINESS BROKER 0412 234 231 warwick.peters@raywhite.com
EMILY PENDLETON SALES & LEASING EXECUTIVE 0402 435 446 emily.pendleton@raywhite.com
AARON CANAVAN SALES & LEASING EXECUTIVE 0447 744 948 aaron.canavan@raywhite.com
JORDAN HAYES SALES & LEASING EXECUTIVE 0417 999 331 jordan.hayes@raywhite.com
BLAKE PRIMROSE SALES & LEASING EXECUTIVE 0423 555 043 blake.primrose@raywhite.com
JASON WRIGHT ASSET MANAGEMENT SPECIALIST 0451 497 368 jason.wright@raywhite.com
PINE RIVERS PETER LAURENT SALES & LEASING EXECUTIVE 0429 391 675 peter.laurent@raywhite.com
TREVOR NELSON-JONES SALES & LEASING EXECUTIVE 0407 736 521 trevor.nelson-jones@raywhite.com
JUMA MARSTELLA SALES & LEASING EXECUTIVE 0450 360 321 juma.marstella@raywhite.com
BROCKE HAMBRECHT SALES & LEASING EXECUTIVE 0466 599 724 brocke.hambrecht@raywhite.com
raywhitecommercialnortherncorridorgroup.com.au
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