MORAYFIELD & CABOOLTURE CBD
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
FOR LEASE 12 King Street, Caboolture [See Page 3]
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
2 ND 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
Director Sunshine Coast
ONE TEAM - THREE LOCATIONS
If the first quarter of 2019 is any indication, the Northern Corridor remains well positioned to capitalise on the key sectors of the market currently performing well. But this growth will not be without its frustration. Finance is proving to be a significant hurdle and this is particularly true for owner occupiers. Lending criteria is tightening and typical approval times are blowing out beyond 45 days as the number of “hoops” being imposed by financiers increases. Frustration is also coming in the form of stock shortages for functional industrial buildings across almost all suburbs. But as they say in golf “Every shot makes someone smile”. . . The result of these two issues has been an uplift in leasing demand and a willingness of tenants (all be it begrudgingly) to commit to off-plan leases for yet to be constructed buildings. Rumours of a further interest rate cut has investors scrambling to find a return on their money, providing a strengthening market for these newly constructed investments with or without tenants. While an extended Easter break and an election provide excuses for those without the true need for action to delay decisions, we are seeing enough demand across most sectors that any second quarter dip will quickly be corrected through the traditionally strong third quarter.
Infrastructure spend continues to be a major driver of commercial activity across the Northern Corridor. Our team has been working closely to combine high level research with agent feedback from the front line to explore just how significant these projects are for business and the results have been very interesting. Business confidence off the back of several solid years is seeing the absorption of office space improving. Minimal built form industrial stock has resulted in businesses turning to vacant land to design and construct their facilities to meet demand. Neighbourhood shopping centre vacancies across the Sunshine Coast in particular are at record lows, bucking the trend of softening retail across the country. Assuming no major world events, all lead indicators have us predicting a relatively stable and prosperous two years across the Northern Corridor. The crystal ball starts to get foggy after 2020, when major infrastructure projects are scheduled to be complete. It will be at this time that the strength of the market will be dictated by the success of our local and state governments to attract the major businesses that can benefit from this new infrastructure.
RAY WHITE COMMERCIAL NORTHERN CORRIDOR 2019 FIRST QUARTER SALES & LEASING Q1 Sales $16,588,360 11 Industrial 4 Retail 2 Office 4 Land
Q1 Leases $1,761,728.95
21 TOTAL SALES
26 Industrial 16 Retail 7 Office 3 Other
52 TOTAL LEASED
M O R AY F I E L D & C A B O O LT U R E C B D NORTHERN CORRIDOR GROUP
12 KING STREET, CABOOLTURE E DED AS S NEE E L IE
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Quality Office Suite Located in Caboolture CBD
Ground Floor Suite 02, 199m² Quality Partitioning and Design providing opportunity for Medical, Aged Care Head Office, or Commercial Office Use. 4x allocated security parking bays at market rates.
• Full disability compliance • Large open plan area with additional private offices • Large board room • High natural light • 200m from Caboolture Train Station • Owner incentives on offer
Level 1, Suite 03, 603m² fully furnished and partitioned to government standard. 9x allocated security parking bays at market rates.
For further information or to book an inspection contact agents Chris Massie on 0412 490 840 or Aaron Canavan on 0447 744 948.
Modern building with high exposure to King Street, great natural light and full disability compliance, including Lift to Level 1.
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
25
29
0-200m2
$338/m²
$330/m²
200-500m2
5
12
200-500m2
$315/m²
$315/m²
>500m2
3
3
>500m2
$294/m²
$291/m² Property plans and sizes are approximate
MORAYFIELD & CABOOLTURE CBD ACTIVITY NORTHERN CORRIDOR GROUP
Ray White Commercial, Northern Corridor Group RESEARCH TEAM. A summary of the key Listed, Leased and Sold property data in your area.
LISTED ADDRESS
SUBURB
TYPE
BUILDING AREA (M2)
LAND AREA (M2)
PRICE
NET OR GROSS
20 Oakey Flat Road
Morayfield
Industrial
300m2
1385m²
POA
-
Lease
36&37/8-22 King Street
Caboolture
Office
117m2
-
$3,170 P/M
Net
Lease
7/8-22 King Street
Caboolture
Office
99m2
-
$2,682 P/M
Net
Lease
9E/8-22 King Street
Caboolture
Office
110m2
-
$3,210 P/M
Net
Lease
1/99 Morayfield Road
Morayfield
Retail
215m2
-
$3,750 P/M
Gross
Lease
265 Morayfield Road
Morayfield
Retail
1450m2
-
POA
-
Lease
23/70-86 Michael Avenue
Morayfield
Retail
348m2
-
POA
-
STATUS Sale
SOLD OR LEASED STATUS
ADDRESS
SUBURB
TYPE
BUILDING AREA (M2)
LAND AREA (M2)
PRICE
NET OR GROSS
$/SQM
Sold
55 Lower King Street
Caboolture
Hotel
-
1009m2 $2,100,000
-
-
Sold
57 Lower King Street
Caboolture
Land
-
1009m2
$435,000
-
-
Sold
12 Lee Street
Caboolture
Land
-
1012m2
$435,000
-
-
Leased
R1/20 King Street
Caboolture
Office
47m2
-
$800 P/M
Gross
$204
Leased
19D Hasking Street
Caboolture
Office
86m2
-
$2,860 P/M
Net
$399
Leased
4/8-22 King Street
Caboolture
Office
82m2
-
$2,050 P/M
Net
$300
Leased
5/69 King Street
Caboolture
Office
210m2
-
$6,183 P/M
Gross
$353
CASE STUDY
NORTHERN CORRIDOR GROUP
55 LOWER KING STREET CABOOLTURE
TYPE HOTEL/LEISURE
LISTED JUNE 2018
SOLD 22 MARCH 2019
ENQUIRES 40+
CABOOLTURE BACKPACKERS AND NEIGHBOURS SELL FOR $2.97M An owner occupier has trumped a strong investor market to secure a high-profile accommodation facility at 55 Lower King Street in Caboolture.
SALE PRICE $2.1Million
The Backpackers and two adjoining residences totalled 3,030m2* of land across three titles and two street frontages. The 120-bed facility had been leased to strawberry pickers servicing the local area but a specialist health care provider swooped on the opportunity to fast-track an otherwise extensive approval and construction process. The site was sold by Ray White Commercial Northern Corridor Group Principal Chris Massie, who identified this approval process as the key motivator. “It’s so rare to find a perfect existing facility for any business, especially one with a requirement this specific,” Mr Massie said. “The Backpackers allows the buyers to begin operation with a relatively minor amendment to the permitted use, and the adjoining lots provide a solution to their longer-term expansion requirements.
59 LOWER KING STREET CABOOLTURE LAND SIZE 1009m² SALE PRICE $435,000 12 LEE STREET CABOOLTURE LAND SIZE 1012m² SALE PRICE $435,000
“We had more than 40 enquiries throughout the 55 Lower King campaign, with the majority of interest coming from investors. “The lucky buyer was Lives Lived Well, a company that runs a range of community and residential programs across Queensland, helping thousands of people each year deal with alcohol and drug problems and move forward in life.” This was the latest in a string of land sales surrounding the Caboolture CBD, primarily being driven by higher density townhouse and unit developers. For more information or to discuss your own property requirements, contact Chris today! *Approximate
CHRIS MASSIE 0412 490 840
chris.massie@raywhite.com
AGENT PROFILES
AGENT TESTIMONIALS
NORTHERN CORRIDOR GROUP
"Chris is very knowledgeable of the area - the local expert actually and ensured we found a tenant that suited our needs" Amanda & Barton 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. 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.
"Excellent service very helpful good customer relations went above and beyond." Mark Reed & Angelo Andreou
"Being first time commercial unit buyers Chris guided us through the process with knowledge, experience, recommendations and clear information." Craig Lee
BLAKE PRIMROSE 0423 555 043
C O M M E R C I A L L E A S I N G A S S O C I AT E After a successful 5 year career in the hospitality industry, Blake made the decision to join the Ray White Commercial Northern Corridor Group in 2017.
"Blake showed great customer care and was always available to help and advise by email or phone." Diana
Working closely with Director of the Moreton Bay office Chris Massie, Blake is quickly learning the ins and outs of the industry & his knowledge and passion for real estate grows with each lease or sale. He prides himself on establishing long term relationships with clients & delivering exceptional service with each transaction. Blake's commitment to go above & beyond his clients expectations ensures both parties always get the best possible outcome. Blake's dedication and enthusiasm make him a valued & respected part of our team.
"Blake went over and above the call of duty to help us out and get us settled into the right premises" Angela & Sharon
PROPERTIES FOR SALE OR LEASE NORTHERN CORRIDOR GROUP
E DED ALES NEE S R TI
FO ROPER
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20 Oakey Flat Road, MORAYFIELD This high profile freehold property provides the • 1,385m² freehold lot perfect balance of immediate function and long term development upside. Benefit from the ongoing expansion • Flexible "Next Generation Neighbourhood" zoning of the Caboolture West masterplanned are that will see a • Residence with two street frontage projected 63,000 new residents move to the area. • 5 bay shed Contact Chris Massie on 0412 490 840 to arrange an • On major growth arterial servicing future expansion area inspection or for more information. For Sale - POA [Agents - Chris Massie]
! SE EDED A E E
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IE E OOPERT L A R
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RE
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P
D SE NEEDE A E S
R L RTIE FOPROPE RE
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17-19 Bertha Street, CABOOLTURE
265 Morayfield Road, MORAYFIELD
• 865m² • Flexible tenancy layout available • Air conditioned throughout • Phone and data provisions • Internal amenities • Approx. 22 onsite parks • Signage provisions • Kitchenette • Two street frontage
• Various size options available 375m² - 1,450m² • Ability to split or combine tenancies to suit • Ample on site parking • High exposure location • Air conditioned showroom area • Exclusive use loading docks • Glazed shop fronts with automatic doors • Internal amenities • Brand new tilt panel concrete retail showrooms
For Sale or Lease - POA [Agents - Chris Massie & Aaron Canavan]
For Lease - POA [Agents - Aaron Canavan & Chris Massie]
For a full list of current opportunities for sale or lease visit raywhitecommercialnortherncorridorgroup.com.au
Property outlines and sizes are approximate
OUR TEAM
NORTHERN CORRIDOR GROUP
MORETON BAY
SUNSHINE COAST
CHRIS MASSIE COMMERCIAL PRINCIPAL 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 COMMERCIAL LEASING ASSOCIATE 0423 555 043 blake.primrose@raywhite.com
LOUISE BRETT MARKETING MANAGER 0423 222 022 louise.brett@raywhite.com
PINE RIVERS JUMA MARSTELLA SALES & LEASING EXECUTIVE 0450 360 321 juma.marstella@raywhite.com
TREVOR NELSON-JONES SALES & LEASING EXECUTIVE 0407 736 521 trevor.nelson-jones@raywhite.com
BROCKE HAMBRECHT SALES & LEASING EXECUTIVE 0466 599 724 brocke.hambrecht@raywhite.com
GUY UPCHURCH DIRECTOR OF ASSET MANAGEMENT 0410 614 240 guy.upchurch@raywhite.com
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
raywhitecommercialnortherncorridorgroup.com.au
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