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CENTRAL MORETON BAY AREA EXPERTS
FOR SALE & LEASE (SEE PAGE 4) 29-39 BUSINESS DRIVE, NARANGBA
CHRIS MASSIE 0412 490 840
C O M M E R C I A L P R I N C I PA L
AARON CANAVAN 0447 744 948
SALES & LEASING EXECUTIVE
ONE TEAM - THREE LOCATIONS
BLAKE PRIMROSE 0423 555 043
COMMERCIAL LEASING ASSOCIATE
ASHLEY REES 0411 707 410
S E N I O R P R O P E R T Y A N A LY S T
3 RD QUARTER 2019
WELCOME
The industrial stock shortage is still the most influential factor in the North Moreton area, with the squeeze on functional options forcing many businesses into multiple-tenancy solutions. There is some relief on the horizon, with construction of the first stage of Corporate Park East nearing completion, but we will be well into 2020 before keys for new buildings will be handed over.
A word from Chris The second quarter of 2019 was definitely a tale of two halves. The prolonged Easter break rolling into an election put the brakes on speculative activity as investors and businesses alike went into stand-by mode. This quickly turned after the election, leading to June being the most productive month of the FY19 year, up 12% on 2018.
How we measure
UP
Investor appetite for the Northern Corridor continues to gain momentum off the back of key infrastructure announcements and population growth projections. This pipeline of work provides an insulation to daily fluctuations that investors are gravitating to, and rightly so. Quality investment stock remains tight, so owners with an alternative use for their cash are capitalising on the market conditions.
Chris Massie Commercial Principal
2019 2ND QUARTER sales & leasing results
Q2 Sales $17,125,610 5 Industrial 6 Retail 5 Office
25 TOTAL SALES
8 Land 1 Other
Q2 Leases $2,453,676 17 Industrial 22 Retail 14 Office 4 Land 2 Other
59 TOTAL LEASED
NCG DEPARTMENT HEADS
MICHAEL SHADFORTH SUNSHINE COAST COMMERCIAL PRINCIPAL 0488 981 076
ASHLEY REES SENIOR PROPERTY ANALYST 0411 707 410
PAUL LUMTIN EXECUTIVE DIRECTOR 0428 222 620
GUY UPCHURCH DIRECTOR OF ASSET MANAGEMENT 0410 614 240
BROCKE HAMBRECHT SALES & LEASING EXECUTIVE & GROUP AUCTIONEER 0466 599 724
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CENTRAL MORETON BAY AREA EXPERTS - LEASED & SOLD PROPERTIES
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Construction in the North Lakes Business Park continues to drive the bulk of enquiry for the Central Moreton Bay region, but surrounding suburbs are also benefiting due to lower price point and zoning flexibility for heavier users. Investors still favour North Lakes above most north side suburbs and we believe their confidence is well placed, with growing population catchment and tightening competing stock maintaining pressure on rent rates. ED
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25 MAGNESIUM STREET, NARANGBA
• 35m²* Professional office space • Ducted air conditioning • High exposure to Boundary Road
$36,000 P/A NET - CHRIS & AARON
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1A/1-3 BUSINESS DRIVE, NARANGBA
• 380m²* of office/warehouse space comprising of 240m²* of office space and 140m²* of warehouse
• 4,690m²* lot • 620m²* of warehouse & office • General Industry zoning
$11,400 P/A GROSS - CHRIS
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10/1-3 BUSINESS DRIVE, NARANGBA
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106/53 ENDEAVOUR BOULEVARD, NORTH LAKES
8A/4-6 BURKE CRESCENT, NORTH LAKES
3/10 HELIUM STREET, NARANGBA
• 88m²* ground floor tenancy • Grease trap • Exclusive front seating area
• 335m2 retail/showroom space • Prominent signage • Ample on site car parking
• 282m²* compromising of 200m²* warehouse + 82m²* office space • Large ducted air-conditioned office
CONTACT AGENT - AARON
$66,000 P/A - ASHLEY & AARON
$382,000- CHRIS
For a full list of current opportunities for sale or lease visit raywhitecommercialnortherncorridorgroup.com.au
LAKES AVERAGE SALES 2019 NORTH
* Property outlines, sizes & landmarks indicative
LAKES AVERAGE RENT 2019 NORTH
SIZE
FIRST QUARTER
SECOND QUARTER
THIS QUARTER
SIZE
FIRST QUARTER
SECOND QUARTER
THIS QUARTER
0-200m2
8
11
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0-200m2
$191/m²
$185/m²
$185/m2
200-500m2
14
12
12
200-500m2
$190/m²
$201/m²
$201/m2
>500m2
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8
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>500m2
$228/m²
$231/m²
$230/m2
MORETON BAY AREA AVERAGE SALES 2019 CENTRAL
MORETON BAY AREA AVERAGE RENT 2019 CENTRAL
SIZE
FIRST QUARTER
SECOND QUARTER
THIS QUARTER
SIZE
FIRST QUARTER
SECOND QUARTER
THIS QUARTER
0-200m2
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2
2
0-200m2
$174/m²
$130/m²
$130/m2
200-500m2
6
8
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200-500m2
$121/m²
$121/m²
$123/m2
>500m2
7
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>500m2
$114/m²
$111/m²
$114/m2
AGENTS TOP PICK
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FOR SALE & LEASE
STAGE 2 29-39 BUSINESS DRIVE, NARANGBA
MODERN TILT PANEL WAREHOUSES WITH MEZZANINE
• Sizes from 168.6m²* - 444.9m²*
On offer are 7 modern tilt panel industrial warehouses with (or without) mezzanine.
• 49 on site car parks
For further information please contact exclusive marketing agents: Chris Massie | 0412 490 840 | chris.massie@raywhite.com Aaron Canavan | 0447 744 948 | aaron.canavan@raywhite.com
• Close proximity to North Lakes and just 2.5km (approx.) to the Bruce Highway • Functional complex design with drive through b-double access • Close proximity to major arterial roads • Nearby Bunnings and Costco
The scale of the whole Corporate Park Estate development is truly impressive and has to be seen to be appreciated! We are on the final stretch for the completion of stage 1 with the final road preparation well under way and we expect to see the curb and channel nearing completion by early August. The sewer, water and telecommunications have been installed throughout stages 1 and 2 and interest is escalating in line with the site progress. Call today to arrange a site tour with Chris or Ashley Chris Massie | 0412 490 840 | chris.massie@raywhite.com Ashley Rees | 0411 707 410 | ashley.rees@raywhite.com
* Property outlines, sizes & landmarks indicative
CENTRAL MORETON BAY AREA EXPERTS - FOR SALE & LEASE PROPERTIES
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17/14-18 DISCOVERY DRIVE, NORTH LAKES
1/2 COMMERCE PLACE, BURPENGARY
9/116 LIPSCOMBE ROAD, DECEPTION BAY
• 41m²* first floor commercial office • Current income of $15,375 net per annum • Leased to Headache Neck & Jaw Clinic
• 60m²*, 2 large offices • 1 large group consulting/board room • 1 large reception/waiting room
• 255m²* building comprising of 215m²* warehouse area & 40m²* of mezzanine • Container height electric roller door
OFFERS OVER $200,000 - CHRIS & AARON
$279,000 - CHRIS & AARON
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$365,000 - CHRIS
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3/11-15 BAYLINK AVENUE, DECEPTION BAY
2/110 FLINDERS PARADE, NORTH LAKES
1034 ANZAC AVENUE, PETRIE
• 232m²* Warehouse & Showroom area • 60m²* of air-conditioned mezzanine office • Front showroom area + front door entrance
• 350m²* open space/fit out options available • 34 on site car parks • Flexible zoning options covering retail
• 100m²* air conditioned office positioned on 1,530m²* of concreted display yard fronting busy Anzac Avenue
SALE $429K OR LEASE $35K NET PA - CHRIS
$10,950 P/M NET - CHRIS
For a full list of current opportunities for sale or lease visit raywhitecommercialnortherncorridorgroup.com.au
THERE HAS NEVER BEEN A BETTER TIME TO
INVEST IN CORPORATE PARK EAST
JOIN US TODAY FOR A SITE INSPECTION!
$4,500 P/M NET - AARON & CHRIS * Property outlines, sizes & landmarks indicative
PROPERTY OWNERS INSIGHT / CASE STUDY
How important is the creation of competition for your property? One approach to selling property is to find a single buyer, and through clever and professional negotiation, achieve an outcome that is positive for the vendor and purchaser. In today’s market, there is much more information readily available to buyers through online research. This gives them perceived confidence as to what their “ceiling” figure should be.
The only sure thing that can change a potential buyer’s mind and increase the offer is the realisation there are others who desire the asset and are prepared and willing to pay more. Creating competition is the best way to achieve an exceptional result for your property. Through the interplay of competition, it's our aim to achieve a figure which we are happy to present to our sellers – a figure that is a reflection of the buyers competing for the property.
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This is what we call creating competition. That is how we profess to bring true value to our vendors. For more information or your FREE copy of our Competition Creators guide, please contact one of the team today!
COMPETITI CREATORS ON How Ray White Com mercial creates the competition sells your asset for mor that e
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ADDRESS 2/71 FLINDERS PARADE NORTH LAKES
TERM 5 YEARS
TENANCY 335M2
FROM STRENGTH TO STRENGTH
LEASED $53,000 NET P/A
North Lakes Business Park may well be entering the next phase of its evolution, if the latest lease successfully negotiated by Aaron Canavan is any indication. Up until recently, enquiry for the business park had been driven by those from outside of the region looking to establish or relocate their business in the award winning master planned community. But recent enquiry and this latest relocation of established North Lakes business Signarama indicates existing businesses are now beginning to outgrow their initial homes. Signarama was one of the first companies to take up residence in the Business Park and has built a strong business to the point where relocation into a larger unit was necessary. There transition to 71 Flinders Parade on a new 5 year lease shows a reassuring confidence in the long term growth of the precinct from those at the coal face of local business.
Contact Signarama today
1300 853 207
Signarama North Lakes can custom make any type of sign for your business including: Illuminated signs, Banners, Vehicle Graphics, Fabricated letters and logos, Custom Graphics, Custom logos, Digital Graphics, Signs, Directory Signs, Individual Letters, A-Frames, Event Signage and more!
AARON CANAVAN 0447 744 948
SALES & LEASING EXECUTIVE
CENTRAL MORETON BAY AREA EXPERTS
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CHRIS MASSIE 0412 490 840
C O M M E R C I A L P R I N C I PA L 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.
25 MAGNESIUM STREET, NARANGBA • 4,690m²* lot • Approximately 620m²* of warehouse & office • General industry zoning • Drive around semi access • Ample undercover car parking • Located within Narangba Industrial Estate, minutes to the Bruce Highway
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 5 Ray White agents in the country.
SOLD | Chris Massie |
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2/71 FLINDERS PARADE, NORTH LAKES
• Architecturally designed office/warehouse • 335m²* comprising of 265m²* ground floor and 70m²* mezzanine • Quality internal building layout • Container height electric roller door
UNDER OFFER | Aaron Canavan |
ER ED FF NEED O E R IS
DE PERT UNE PRO
AARON CANAVAN 0447 744 948
SALES & LEASING EXECUTIVE Aaron joined our Commercial Northern Corridor Group team as a Leasing Associate in 2014, following a career as a golfer & full time member of the PGA, playing professional tournaments & coaching the game for nearly 3 years. Aaron quickly became an integral part of our sales & leasing team & has a true passion for the Moreton Bay market, having lived in the area most of his life. He understands what it takes to achieve success & prides himself on the ability to understand people & listen to their needs.
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260 DUFFIELD ROAD, CLONTARF
• 684m²* newly constructed freehold office/warehouse facility • Comprising of - 516mm²* open warehouse • 168m²* professional office space • Stand alone corner site on 1006m²* lot
In Financial Year 2016/2017 Aaron received his first Premier Agent award which he has maintained each year since.
UNDER OFFER | Aaron Canavan | * Property outlines, sizes & landmarks indicative
CHRIS MASSIE DIRECTOR 0412 490 840 chris.massie@raywhite.com
ASHLEY REES SENIOR PROPERTY ANALYST 0411 707 410 ashley.rees@raywhite.com
AARON CANAVAN SALES & LEASING EXECUTIVE 0447 744 948 aaron.canavan@raywhite.com
BLAKE PRIMROSE SALES & LEASING ASSOCIATE 0423 555 043 blake.primrose@raywhite.com
MICHAELA WEBB PA & ASSOCIATE TO CHRIS MASSIE 0409 202 066 michaela.webb@raywhite.com
LOUISE BRETT MARKETING MANAGER 0423 222 022 louise.brett@raywhite.com
MICHAEL SHADFORTH DIRECTOR 0488 981 076 michael.shadforth@raywhite.com
BROCKE HAMBRECHT SALES & LEASING EXECUTIVE 0466 599 724 brocke.hambrecht@raywhite.com
JULIE RYAN MAJOR ASSET SALES 0447 445 453 julie.ryan@raywhite.com
TREVOR NELSON-JONES SALES & LEASING EXECUTIVE 0407 736 521 trevor.nelson-jones@raywhite.com
EMILY PENDLETON SALES & LEASING EXECUTIVE 0402 435 446 emily.pendleton@raywhite.com
ROB DAWSON SALES & LEASING ASSOCIATE 0422 786 205 rob.dawson@raywhite.com
JORDAN HAYES SALES & LEASING EXECUTIVE 0417 999 331 jordan.hayes@raywhite.com
GUY UPCHURCH DIRECTOR OF ASSET MANAGEMENT 0410 614 240 guy.upchurch@raywhite.com
PINE RIVERS
SUNSHINE COAST
MORETON BAY
OUR TEAM
DAVID GOLDSWORTHY SALES & LEASING ASSOCIATE 0481 996 794 david.goldsworthy@raywhite.com
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SHAYNA KIRK GROUP EXECUTIVE ASSISTANT 0433 574 694 shayna.kirk@raywhite.com
PINE RIVERS
MORETON BAY
SUNSHINE COAST
Level 1, 104 Gympie Road Strathpine, QLD 4500
3/125 Morayfield Road Morayfield QLD 4506
1/172 Brisbane Road Mooloolaba QLD 4557
T 1300 255 075 F 1300 778 887
T 1300 255 075 F 1300 778 887
T 1300 255 075 F 1300 778 887
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