S O U T H E R N S U N S H I N E C OA S T
MICHAEL SHADFORTH COMMERCIAL SPECIALIST 0488 981 076
EMILY PENDLETON SALES & LEASING EXECUTIVE 0402 435 446
JORDAN HAYES SALES & LEASING EXECUTIVE 0417 999 331
JULIE RYAN MAJOR ASSET SALES 0447 445 453
SUNSHINE COAST
PINE RIVERS
MORETON BAY
1/172 Brisbane Road Mooloolaba QLD 4557
Level 1, 104 Gympie Road Strathpine, QLD 4500
3/125 Morayfield Road Morayfield QLD 4506
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
MICHAEL SHADFORTH
CHRIS MASSIE
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.
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.
DIRECTOR UPDATE
Director Sunshine Coast
Director Moreton Bay
ONE TEAM - THREE LOCATIONS
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.
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.
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 S O U T H E R N S U N S H I N E COA S T NORTHERN CORRIDOR GROUP
THIS MONTH’S FEATURE ARTICLE WRITER IS AGENT MICHAEL SHADFORTH OF RAY WHITE COMMERCIAL NORTHERN CORRIDOR GROUP
YOUR AREA UPDATE The Southern Sunshine Coast continues to attract the majority of activity across the region, primarily due to the greater scope of options to accommodate businesses and developers of both heavy and light requirements. As identified in our recent Central Sunshine Coast report, the lack of available stock in the more traditional industrial precincts of the Coast are forcing established businesses south to address the growing pains caused by continued market growth across most sectors.
We have noted a slight increase in days on market for Caloundra West area already and will be interested to see if this is a quarterly glitch or a sign of a bigger trend of businesses waiting to see how Aura takes shape before committing.
Land sales to date have 25 of the 30 lots in stage 1 under contract and 18 of 33 lots in stage 2 committed. The shifting demographic continues to be driving activity south. 50% of the 80,000+ new residents expected to move to the Coast by 2026 will be located within the primary Aura catchment area. The precedent for this kind of rapid expansion has been witnessed by our team in North Lakes over the last decade, where industries from home furnishings and appliances to recreation and technology all benefited.
Larger operators and higher impact industry requirements are still driving activity in the Sunshine Coast Industrial Park, with a steady flow of stock expected to be produced across most size ranges throughout 2019. The upgrade of the Bruce Highway interchange is impacting accessibility in the short term, which has been compounded by robust growth in tourism numbers across the Coast.
Aura draws a new demographic to the Coast, with young families taking the place of the traditional retiree market. One industry proven to benefit from this shift is automotive trades and services, due to the increase in used car and multi-vehicle homes. One business has already positioned itself to capitalise on this trend by rebranding as Auramotive Mechanical Solutions and securing a tenancy in one of the first complexes currently under construction.
Office and retail tenancy demand remains soft in spite of strong visitor spending and record tourism occupancy. The ongoing population growth make the eventual redevelopment of Bulcock Street and the surrounding Caloundra CBD areas into a vibrant hub an inevitability. While some key projects are already under way, it appears that the majority of owners/developers will look to see out the next cycle before breaking from their holding pattern.
Most of this activity is gravitating towards Stockland’s Aura Business Park, where competitive land rates, simpler development approval process and active speculative developers are removing the barrier to entry for many businesses. The first buildings in stage 1 are now coming out of the ground, with off plan pre-commitments being signed up already.
SUNSHINE Coast
FOR LEASE - NEW INDUSTRIAL PROPERTIES LAST QUARTER Size
Quantity
THIS QUARTER Annual Rent/m
2
Size
Quantity
Annual Rent/m2
0-200
10
$126
0-200
12
$140
200-500
1
$140
200-500
2
$120
500+
3
$71
500+
2
$101
FOR SALE - NEW INDUSTRIAL PROPERTIES LAST QUARTER Size
Quantity
THIS QUARTER Annual Rent/m2
Size
Quantity
Annual Rent/m2
0-200
12
$2,154
0-200
11
$2,298
200-500
3
$2,153
200-500
4
$1,993
500+
1
EOI
500+
0
No New Listings
SOUTHERN SUNSHINE COAST ACTIVITY NORTHERN CORRIDOR GROUP
LISTED FOR LEASE / SALE
Ray White Commercial, Northern Corridor Group RESEARCH TEAM.
A summary of the key Listed, Leased and Sold property data in your area. ADDRESS
SUBURB
BUILDING SIZE
ADVERTISED SALE PRICE
RENT P/A
Lease
5 Daniel Street
Caloundra West
300m2
-
$36,000.00
Sale
12 Daniel Street
Caloundra West
472m
2
$1,030,000.00
-
Sale
65 Esplanade
Golden Beach
642m
2
EOI
-
-
$18,000.00
Lease
3/79 Edmund Street
Kings Beach
43m2
Sale
18 Hancock Way
Bells Creek
140m2
$329,000.00
-
Sale
6-8 Geo Hawkins Crescent
Bells Creek
170m
2
$360,000.00
-
Lease
2/18 Bulcock Street
Caloundra
91m
2
Sale
123/17 Exeter Way
Caloundra West
158m
2
$355,000.00
-
Sale
3/56 Allen Street
Moffat Beach
56m
2
$179,000.00
-
Lease
1/30 Allen Street
Moffat Beach
132m2
-
$15,840.00
Lease
60 Collins Road
Yandina
240m2
-
$20,000.00
Lease
1/34-36 Claude Boyd Parade
Bells Creek
133m2
-
$20,760.00
Lease
24/34-36 Claude Boyd Parade
Bells Creek
113m
-
$20,760.00
SUBURB
BUILDING SIZE
SOLD FOR
RENT P/A
2
-
$29,052.00
SOLD & LEASED STATUS
ADDRESS
Caloundra
155m2
-
$42,000
5 Daniel Street
Caloundra West
300m2
-
$36,000
Sold
19 Industrial Avenue
Caloundra West
1000m2
Sold
1/1 Sydal Street
Sold
Leased
1-2/14 Bowman Road
Leased
$1,850,000
-
Little Mountain
455m
2
$660,000
-
8/38 Bulcock Street
Caloundra
231m2
$1,150,000
-
Leased
1/5-7 Claude Boyd Parade
Bells Creek
101m2
-
$12,500
Leased
4/70-72 Bulcock Street
Caloundra
52m2
-
$12,500.00
Leased
1/30 Allen Street
Moffat Beach
132m2
-
$14,840
Leased
1B/61 Bulcock Street
Caloundra
124m2
-
$15,000
18 HANCOCK WAY AURA BUSINESS PARK
NOW SELLING
UNIT 1 Warehouse 161.94m2
UNIT 2 Warehouse 159.50m2
UNIT 3 Warehouse 159.50m2
UNIT 4 Warehouse 140.56m2
UNIT 5 Warehouse 129.81m2
UNIT 6 Warehouse 129.81m2
UNIT 7 Warehouse 140.56m2
UNIT 8 Warehouse 159.50m2
UNIT 9 Warehouse 159.50m2
UNIT 10 Warehouse 161.94m2
The Aspect development provides for 10 high quality, modern warehouses with a smart design that maximises the functionality of the warehouses with suspended mezzanine / office. The unique 'in line' design allows for drive-through access to the dual road frontage, a huge benefit that negates the need to turn around on site, with access direct to every door in the complex. A generous 25 car spaces also provide ample parking for owners and customers. Functionality has been at the forefront of planning for this development, and with incentives available for early purchasers; we believe these warehouses represent excellent value in an estate set to change the dynamic of the coasts commercial market.
STELLAR
The Stellar development is perfectly positioned at the entry to Sunshine Coast Industrial Park affording both exposure and straight forward access out of the park and onto the Bruce Highway. With 9 warehouses ranging from 170sqm-798sqm the development provides an option to suit every business. These warehouses have been carefully designed to maximise functionality and provide a level of quality well above that typically seen in the region. Whether you are looking for a new business premises, or a new investment, quality buildings stand the test of time - and this development leads the market.
UNIT 9 226.60m2
UNIT 1 170.34m2
UNIT 3 306.34m2 UNIT 2 340.62m2
UNIT 4 305.85m2
UNIT 5 305.85m2
UNIT 6 306.13m2
UNIT 7 184.73m2
UNIT 8 798.14m2
AGENT PROFILE
NORTHERN CORRIDOR GROUP
Prior to joining the Ray White North Coast Central team, Jordan spent over 8 years working as a Certified Practicing Valuer in a range of markets including Sydney, Sunshine Coast and the ACT where he worked as an Associate Director for one of the country’s leading valuation firms. A degree in Property and Sustainable Development and working alongside financial, development and legal professionals has allowed Jordan to understand the market dynamics and fundamental factors that drive the property market.
His experience and high level of property knowledge ensure that his clients always receive tailored solutions and relevant, timely information upon which they can make educated decisions.
JORDAN HAYES SALES & LEASING EXECUTIVE 0417 999 331 jordan.hayes@raywhite.com
RECENT NOTEWORTHY TRANSACTIONS D
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2019 ARE YOU THINKING OF SELLING OR LEASING?
Speak to your local area experts today
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Aura Industrial Land Sales
L E SOPERTI O
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10/2 Main Drive, BOKARINA
• Lots ranging from 1,000m – 2,000m • Low Impact Industry zoning • Construction of warehouses now well underway • Limited remaining sites remaining before prices increase in the next release 2
2
• Building size 178m2 • Net income $27,789 P/A • High exposure location • New lease to established tenant
Sold - 25/30 Stage 1 lots
Northern Corridor Group We don't wait, we hunt! E
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SOPERT
Sold - $408,000
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15-17 Bearing Ave, WARANA
1,2 & 3 / 12 Daniel Street, CALOUNDRA WEST
• Land size 2,560m2 • Building size 1,483m2 • Net income $164,400 P/A • Long term lease to high performing established tenant
• Land size 1,109m2 • Building size 472m2 • Easy access for loading / unloading, ability to store containers and trucks on-site • High ceilings, great for pallet racking and is accessible via 3 roller doors
Sold - $1,950,000
Leased - $66,000 P/A NET
PROPERTIES FOR SALE OR LEASE NORTHERN CORRIDOR GROUP
ED LE NEED A S ES
R TI FO ROPER
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22 Hancock Way, BELLS CREEK (Aura) The subject development provides for 3 high quality, high exposure warehouses situated within the developing Aura Business Park. Each of the tenancies boasts the benefit of solar power, roller door access, ample car parking and strong signage exposure. Quality underpins the design of these warehouses, with the tilt slab construction complemented by a range of external cladding and natural lighting. With an automatic security gate and internal amenities, each premises is designed to maximise the functionality and capacity to use the space.
For Sale - $667,000 - $722,200
| Jordan Hayes & Michael Shadforth
E DED AS S NEE E L IE
E DED ALES NEE S R TI
R RT FOPROPE
FO ROPER EP
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• Two of three tenancies remaining • High quality development • 290m2 - 314m2 • Solar power • Gated entry • Ample on-site parking • Low Impact Industry Zone
MO
12 Daniel Street, CALOUNDRA WEST
23-27 Edison Crescent, BELLS CREEK
• Land size 1,109m2 • Building size 472m2 • Tenanted investment of a net rent $66,000 P/A on new leases • Easy access for loading and unloading, ability to store containers and trucks on-site • Nestled just off the easily accessible Caloundra Road in close proximity to the Bruce Highway, Sunshine Motorway, Nicklin Way & Caloundra CBD
• Land area 5,458m2 • Building area 2,910m2 • Tenancies ranging from 440m2 – 622m2 (adaptable) • Rare & very high exposure location (15,000 vehicles per day) • High quality construction • Mix of showroom, warehouse and office space
For Sale $1,030,000 Emily Pendleton
For Lease - Contact Agents Michael Shadforth & Jordan Hayes
For a full list of current opportunities for sale or lease visit raywhitecommercialnortherncorridorgroup.com.au
OUR TEAM
NORTHERN CORRIDOR GROUP
SUNSHINE COAST
MORETON BAY
MICHAEL SHADFORTH COMMERCIAL PRINCIPAL 0488 981 076 michael.shadforth@raywhite.com
CHRIS MASSIE DIRECTOR 0412 490 840 chris.massie@raywhite.com
JULIE RYAN MAJOR ASSET SALES 0447 445 453 julie.ryan@raywhite.com
ASHLEY REES SENIOR PROPERTY ANALYST 0411 707 410 ashley.rees@raywhite.com
EMILY PENDLETON SALES & LEASING EXECUTIVE 0402 435 446 emily.pendleton@raywhite.com
WARWICK PETERS SENIOR BUSINESS BROKER 0412 234 231 warwick.peters@raywhite.com
JORDAN HAYES SALES & LEASING EXECUTIVE 0417 999 331 jordan.hayes@raywhite.com
AARON CANAVAN SALES & LEASING EXECUTIVE 0447 744 948 aaron.canavan@raywhite.com
JASON WRIGHT ASSET MANAGEMENT SPECIALIST 0451 497 368 jason.wright@raywhite.com
BLAKE PRIMROSE SALES & LEASING EXECUTIVE 0423 555 043 blake.primrose@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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