NORTH LAKES
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
1 ST QUARTER 2019
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 NORTH LAKES
NORTHERN CORRIDOR GROUP
YOUR NORTH LAKES UPDATE Construction activity remained strong this quarter for North Lakes, as the commercial in-fill continues to expand north through the Business Park at a solid pace. Flinders Parade has been the focal point of most activity, driven by retail showroom and service industry businesses looking to capitalise on the seemingly unflappable micro-economy of this awardwinning master-planned community. The business confidence and resulting commercial activity remains rooted in the ongoingstrength of the residential market, which has enjoyed a shift in demographic over recent times. The resident profile for many years had been predominantly young local professionals and families, however 2018 saw an increase in people relocating from Sydney or Melbourne for a more relaxed and affordable lifestyle, still within 30km of the Brisbane CBD. This is in line with our greater domestic migration statistics across the region that was touched on in the recent Sunshine Coast office report, highlighting affordability as a key driver. Despite continued strong demand, the median price for housing is reported as $489,000 and median rent is around $430 to $460 per week, which compares very favourably to Brisbane.
Town centre retail has performed well, in spite of the continuing increase in supply via mixed use residential developments. Medical interest remains strong, with developments such as Keymax’s North Lakes Specialist Medical Centre setting the standard for A gradebregional facilities. Our prediction is that this precinct will continue to outperform surrounding suburbs by a comfortable margin in terms of achievable rents, vacancy rates and investment yields. The proven catchment, continuing speculative construction pipeline and minimal competing stock will ensure robust short term performance. The longer term should be even better, as competition for the last remaining tenancies is compounded by a greater Northern Corridor stock shortage and unprecedented population projections. Watch for strata sales to set new benchmarks with a string of new leases currently under negotiation slated to hit the market closer to the end of the financial year.
VA C A N C I E S SIZE
LAST QUARTER
THIS MONTH’S FEATURE ARTICLE WRITER IS AGENT ASHLEY REES OF THE NORTHERN CORRIDOR GROUP
AV E R A G E R E N T
THIS QUARTER
SIZE
LAST QUARTER
THIS QUARTER
0-200m2
13
8
0-200m2
$193
$191
200-500m2
7
14
200-500m2
$182
$190
>500m2
4
7
>500m2
$216
$228
NORTH LAKES ACTIVITY
NORTHERN CORRIDOR GROUP
LISTED SALE/ LEASE
Ray White Commercial - Northern Corridor Group RESEARCH TEAM The following is a summary of the key Listed, Leased and Sold properties
ADDRESS
SUBURB
TYPE
BUILDING LAND AREA (M2) AREA (M2)
PRICE P/A
NET OR GROSS
Sale
5/106 Flinders Parade
North Lakes
Showroom
556m2
-
P.O.A
-
Sale
7/12 Discovery Drive
North Lakes
Retail
61m2
-
$335,000
-
Sale
2B/2 Flinders Parade
North Lakes
Office
137m2
-
P.O.A
-
Sale
2/14-18 Discovery Drive
North Lakes
Office
114m2
-
Present all Offers
-
Sale
2/106 Flinders Parade
North Lakes
Industrial
189m
2
-
$453,600
-
Sale
7/75 Flinders Parade
North Lakes
Industrial
154m
2
-
$395,000
-
Lease
4/9 Flinders Parade
North Lakes
Showroom
245m2
-
$50,000
Net
Lease
1/23 Discovery Drive
North Lakes
Retail
92m
2
-
$46,000
Net
Lease
1/5-7 Discovery Drive
North Lakes
Office
92m
2
-
$36,905
Gross
Lease
5/6 Endeavour Boulevard
North Lakes
Medical
109m
2
-
$38,000
Net
Lease
2/29 Flinders Parade
North Lakes
Office
160m
2
-
$36,000
Net
Lease
5/71 Flinders Parade
North Lakes
Showroom
405m
2
-
$99,225
Net
Lease
93 Flinders Parade
North Lakes
Retail
998m
2
-
P.O.A
Lease
8A/4-6 Burke Crescent
North Lakes
Office
335m
2
Lease
1642 Anzac Avenue
North Lakes
Lease
6/37 Flinders Parade
North Lakes
-
-
$95,484
Net
Office
75m
2
-
$30,000
Net
Industrial
108m
-
$21,600
Net
2
SOLD & LEASED LEASED /SOLD
ADDRESS
SUBURB
TYPE
BUILDING AREA (M2)
SOLD PRICE LEASED P/A
NET/ GROSS
$/SQM
Sold
5/75 Flinders Parade
North Lakes
Industrial
310m2
$660,000
-
$2,342
Sold
2/75 Flinders Parade
North Lakes
Industrial
154m
2
$395,000
-
$2,565
Sold
2/14 Burke Crescent
North Lakes
Retail
347m
2
$910,000
-
$2,622
Sold
Lot 70 Torres Crescent
North Lakes
Land
3,481m
2
$1,235,755
-
$355
Leased
5A/4-6 Burke Crescent
North Lakes
Retail
378m2
$90,720
Net
$240
Leased
1/63 Flinders Parade
North Lakes
Retail
495m
2
$118,800
Net
$240
Leased
4/29 Flinders Parade
North Lakes
Industrial
302m
2
$31,710
Net
$105
Leased
5/63 Flinders Parade
North Lakes
Retail
258m
2
$65,000
Net
$252
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
RECENT NOTEWORTHY TRANSACTIONS
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5/75 Flinders Parade, NORTH LAKES
Lot 11 110 McNaught Road, CABOOLTURE
Lot 1 Peter Rash Court, CABOOLTURE
• 310m comprising of 200m on the ground floor + 110m2 mezzanine • Architecturally designed office/ warehouse units • Container height roller doors • On site car parking
• Immediate access to Bruce Highway & D'Aguilar Highway • 24-hour General Industry use • Flexible lot sizes from 1,000m2 to 5ha • Covenant free design options • Suit developers or owner occupiers
• Positioned close to Bruce Highway with exposure to over 40,000 vehicles per day • District industry zoned land • Flat block • 5 different lots from 2010m2 - 2455m2 • Underground power & phone provisions
2
2
Sold - $660,000
Sold - $355,600
Sold - $723,000
L NA EDED O TI NE
I S NDPERTIE O C O
UN RE PR MO
4-8 Burke Crescent, NORTH LAKES LIFESTYLE CENTRE Ashley Rees, Chris Massie and the team worked with the owners through all aspects of this development over the last 10 years, from the original purchase of the land from Stockland, through construction, leasing, day to day asset management and the eventual sale of this multi tenanted complex. One of the largest transactions in the North Lakes Business Park.
• 7,971m2 showroom and retail complex • 15 tenancies with national anchor businesses • Prominent location fronting major arterial road • 18,300m2 total land parcel with three street frontage • 4 year weighted average lease expiry
Unconditional $21,500,000 - Ashley Rees For a full list of current opportunities for sale or lease visit raywhitecommercialnortherncorridorgroup.com.au
PROPERTIES FOR SALE OR LEASE NORTHERN CORRIDOR GROUP
SE D EA NEEDE L R S
SE D EA NEEDE L R S
O TIE LE ROPER A S P
O TIE LE ROPER A S P
7/75 Flinders Parade, NORTH LAKES
9 Flinders Parade, NORTH LAKES
• 154m2 comprising of 105m2 on the ground floor + 49m2 mezzanine • Architecturally designed office/warehouse units • Container height roller doors • On site car parking • High speed NBN connection • Close proximity to town centre amenity and public transport links • Easy access to Bruce Highway and major arterials
• Strata units available from 198m2-245m2 • Flexible Zoning suits multiple uses • On site car parking • Internal amenities • Custom fit out available • Lease to Buy options available
RE
RE
MO
MO
For sale $440,000 - For Lease $2,567 P/M Net Chris Massie & Aaron Canavan
For Sale or Lease - Contact Agents Chris Massie & Ashley Rees
SE D EA NEEDE L R S
IE E OOPERT L A R
S
SE D EA NEEDE L R S
IE E OOPERT L A R
S
EP
R MO
EP
R MO
5/106 Flinders Parade, NORTH LAKES
3/106 Flinders Parade, NORTH LAKES
• 556m2 Freestanding showroom space • Open plan building • Internal Amenities • Front tenancy fronting Flinders Parade • Fit out options available • Large on site car park •Close proximity to Bruce Highway and major arterials • Short distance to IKEA, Westfield North Lakes, Costco, Bunnings, and other local amenities
• 201m2 Industrial Warehouse • Comprising of : 154m2 open plan warehouse + 47m2 mezzanine • High profile location • Fit out options available • Internal Amenities • Large on site car park • Close proximity to Bruce Highway and other major arterials
For Sale or Lease - Contact Agents Chris Massie & Aaron Canavan
For Sale $482,400 - For Lease $2,932 P/M Net 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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