REDCLIFFE PENINSULAR
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 REDCLIFFE PENINSULAR NORTHERN CORRIDOR GROUP
THIS MONTH’S FEATURE ARTICLE WRITER IS AGENT ASHLEY REES OF THE NORTHERN CORRIDOR GROUP
YOUR REDCLIFFE PENINSULAR UPDATE The Peninsular market remains a complicated one to summarise in one sentence. The micro market sectors are each being impacted in significant ways, creating isolated geographical and sectional pockets of growth and stress in close proximity to each other. The industrial sector remains the stand-out performer of the region as the capped expansion of Clontarf Industrial Estate struggles to accommodate the growing pains of the businesses that reside within. We are beginning to see upward pressure on rents in what has traditionally been one of the cheaper estates on the north side. The absorption of speculative stock constructed through Redcliffe Gardens Drive and surrounding streets will further compound pressure on vacancy options for businesses looking to capitalise on the increasing residential density in the region. Recent proposed changes to the zoning of some key commercial developments in Rothwell, combined with the saturation of the North Lakes Town Centre market, has seen the tide start to shift back towards the peninsular for bulky goods businesses. We expect this to be compounded by the ramping up of lot delivery in Stockland’s Newport development and the maturation of North Lakes’ residential land sales. Watch for an increase in the presence of white goods and home furnishing outlets through this Rothwell stretch in particular. Office and retail markets through Redcliffe, Scarborough, Margate and Kippa-Ring are still struggling to attract quality businesses. Organic expansion of local business is creating some musical-chairs shuffling, but overall vacancy take-up is minimal. This is unlikely to change in the short term due to the lack of functional, large footprint options. However, those willing to invest in refurbishment close to key infrastructure should be rewarded. Our case study on the former Commonwealth Bank refurbishment is a good example of this. Overall, the long-term prospects for this market are exceptionally strong. If we remove the filter of historical socioeconomic stigma, we see a governmental administrative hub with significant recent light rail infrastructure spend and a strengthening demographic offering a seaside lifestyle less than 40 minutes commute from the third largest city CBD in Australia. It may be a stretch to compare this are to Sydney’s northern beaches, but many of the ingredients are the same and we expect that if local developers refuse to see the potential, our southern friends soon will.
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
4
6
0-200m2
$150
$142
200-500m2
5
5
200-500m2
$128
$120
>500m2
8
3
>500m2
$100
$106
REDCLIFFE PENINSULAR ACTIVITY NORTHERN CORRIDOR GROUP
Ray White Commercial - Northern Corridor Group RESEARCH TEAM
LISTED SALE/ LEASE
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
41 Snook Street
Clontarf
Industrial
300m2
486m2
POA
-
Sale
6/24 Huntington Street
Clontarf
Industrial
121m2
-
$198,000
-
Sale
10 Huntington Street
Clontarf
Industrial
688m2
1,260m2
Under offer
-
Sale
1/89 Landsborough Avenue
Scarborough
Retail
203m2
-
$1,300,000
-
Sale
6/24 Redcliffe Gardens Drive
Clontarf
Industrial
82m
2
-
$245,000
-
Sale
1/89 Marine Parade
Redcliffe
Medical
126m
2
-
POA
-
Sale
3/28 Redcliffe Gardens Drive
Clontarf
Industrial
750m
2
-
POA
-
Lease
1/57 Ashmole Road
Redcliffe
Retail
73m2
-
$25,500
Net
Lease
12/79 Anzac Avenue
Redcliffe
Industrial
Lease
1/353 MacDonnell Road
Clontarf
Lease
2/228 Anzac Avenue
Lease
190m
2
-
$22,800
Net
Industrial
460m
2
-
$42,000
Gross
Kippa-Ring
Retail
560m
2
-
$123,200
Net
1/46-50 Oxley Avenue
Woody Point
Retail
64m
2
-
$22,380
Gross
Lease
3A/29-31 Anzac Avenue
Redcliffe
Retail
65m
2
-
$19,500
Gross
Lease
1/210 Anzac Avenue
Kippa-Ring
Industrial
250m
2
-
$32,500
Gross
$/SQM
LEASED LEASED /SOLD
ADDRESS
SUBURB
TYPE
BUILDING AREA (M2)
SOLD PRICE LEASED P/A
NET/ GROSS
Leased 88 Sutton Street
Redcliffe
Retail
124m2
$38,400
Gross
$309
Leased 5/26 Huntington Street
Clontarf
Industrial
110m2
$14,196
Gross
$129
Leased 50A Hornibrook Esplanade
Clontarf
Retail
52m2
$13,800
Net
$265
Leased 9/349-351 MacDonnell Road
Clontarf
Industrial
140m2
$21,600
Gross
$154
Leased
10 Storie Street
Clontarf
Industrial
315m2
$30,000
Gross
$95
Leased
1/13-15 Storie Street
Clontarf
Industrial
97m2
Leased 4/24 Redcliffe Gardens Drive
Clontarf
Industrial
Leased 79 Anzac Avenue
Redcliffe
Leased
Kippa-Ring
41 Dalton Street
$15,000
Gross
$154
120m
2
$15,600
Net
$130
Hardstand
190m
2
$18,000
Gross
$94
Industrial
742m
2
$66,000
Net
$89
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
Chris Massie is a renowned and respected sales and leasing agent, known as an authority on commercial and industrial properties across the Moreton Bay Region. He has an innate ability to guide his clients, both buyers and sellers, throughout the sales process in commercial real estate. He joined Ray White Commercial after working in the special projects division for a national civil company and has established himself as a dominant presence in the
Moreton Bay Region over the last ten years. His unmatched stock knowledge and ‘boots on the ground’ work ethic sees him consistently ranked in the top 10 Ray White agents in the country.
CHRIS MASSIE SENIOR SALES & LEASING EXECUTIVE 0412 490 840 chris.massie@raywhite.com
RECENT NOTEWORTHY TRANSACTIONS ED
! ED ED S NE
AS IE LE OPERT R
EP
R MO
R! D FE NEEDE F O S
ED
! ED ED S NE
AS IE LE OPERT
R TIE DE OPER N U E PR
R
EP
R MO
R
MO
5A/4-6 Burke Crescent, NORTH LAKES
20-22 Concorde Place, CABOOLTURE
10 Huntington Street, CLONTARF
• 378m2 Retail/Showroom • Full exposure to North-South Arterial • Prominent signage • Male & Female amenities internal • Ample on site car parking
• 836m2 Industrial warehouse • 176m2 of air conditioned office • 2508m2 freehold land • Ample 3 phase points throughout • Airlines • 6x Swing arm cranes
• 688m2 Freestanding warehouse facility • Approx 585m2 warehouse & 103m2 office • Fully secure site • 5x roller doors • On site amenities with disability toilet • Car parking onsite
Leased - $90,720
Leased - $90,000
Under Offer
ED D! S NEED E S IE
A LE OPERT R
EP
R MO
OFF MARKET TRANSACTIONS
1/25 Leda Boulevard, Morayfield
SUBURB
SETTLED
LEASED / SOLD
PRICE ($)
4-8 Burke Crescent
North Lakes
March 2019
SOLD
$21,500,000
21 Strathvale Court
Caboolture
March 2019
SOLD
$1,600,000
ADDRESS
• 160m2 office • High profile corner position • Electric door entrance • Ducted air conditioning throughout • Two street frontages to Leda Boulevard and William Berry Drive
Leased - $60,000
PROPERTIES FOR SALE OR LEASE NORTHERN CORRIDOR GROUP
! ED LE NEED A S IES
! ED LE NEED A S IES
R T FO ROPER RE
MO
R T FO ROPER
P
RE
MO
P
650 Old Gympie Road, NARANGBA
2B/2 Flinders Parade, NORTH LAKES
• High profile 4,226m2 corner lot • Flexible General Industry Zoning • 900m2 approx. building area • Combination of office and clear span warehouse • Low site coverage with expansion or development potential • Fully fenced with additional hardstand areas • Immediate north and south bound Bruce Highway access
• 137m2 Office/Medical Consultation Space • 4x Individual Office Spaces + 1x Private Room • Large Reception with Waiting Area • Kitchen • 5x Exclusive On Site Car Parks • Secure Basement Parking • On Site Cafe • Ducted Air Conditioning Throughout • Attractive Glass Frontage
For sale $1,300,000 + GST Chris Massie
SE D EA NEEDE L R S
IE E OOPERT L A R
S
EP
For Sale - Contact Agent Chris Massie & Aaron Canavan
! ED LE NEED A S IES
R T FO ROPER EP
R MO
R MO
3/11-15 Baylink Avenue, DECEPTION BAY
1/89 Landsborough Avenue, SCARBOROUGH
• 232m2* Warehouse & Showroom area • 60m2* of air-conditioned mezzanine office • Mezzanine office is fitted out with 4 separate offices and two open plan areas • Front showroom area with front door entrance • High bay electric roller door • Easy truck & vehicle access • Dual undercover parking • Internal disabled toilet with separate toilet amenities
• 203m2 tenancy including indoor & outdoor dining • Fully fitted out commercial kitchen (List of inclusions available on request) • Located below Scarborough Beach Resort which features 75 apartments • Waterfront location overlooking Moreton Bay • Fully air conditioned throughout • Capacity to seat 100 customers • On site parking for customers
For Sale or Lease - Sale $450k or Lease $35k Net PA Chris Massie
For Sale - $1,300,000 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
facebook.com/rwcncc
twitter.com/rwcncc
instagram.com/rwcncc