NORTH LAKES
FOR LEASE 63 Flinders Parade, North Lakes [See Page 3]
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
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
S P OT L I G H T O N NORTH LAKES
NORTHERN CORRIDOR GROUP
63 FLINDERS PARADE, NORTH LAKES
2
3
5
1
4
Unit
Area m²
Lease Price P/A + GST + Outgoings
1
495
LEASED
2
675
$155,250
3
513
$117,990
4
383
LEASED
5
258
LEASED
* Outgoings Approx
OUTSTANDING RETAIL SHOWROOMS
For further information or to book an inspection contact agents
These outstanding north side Retail / Showrooms units are located in the highly sought after commercial precinct of North Lakes. • Air conditioned retail showroom • Sizes available 675m² or 513m² • Prominent signage • Rear loading • Marque surrounding tenants • Among the fastest growth rates in the nation • Ample on site car parking • Generous incentives
CHRIS MASSIE 0412 490 840
C O M M E R C I A L P R I N C I PA L
VA C A N C I E S SIZE
LAST QUARTER
ASHLEY REES 0447 744 948
S E N I O R P R O P E R T Y A N A LY S T
AV E R A G E R E N T THIS QUARTER
SIZE
LAST QUARTER
THIS QUARTER
0-200m2
8
11
0-200m2
$191/m²
$185/m²
200-500m2
14
12
200-500m2
$190/m²
$201/m²
>500m2
7
8
>500m2
$228/m²
$231/m² Property plans and sizes are approximate
NORTH LAKES 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 & LEASED STATUS
ADDRESS
SUBURB
TYPE
BUILDING AREA (M2)
405m² 43m²
PRICE
NET OR GROSS
-
POA
-
-
Present All Offers
-
POA
-
LAND AREA (M2)
SALE/ LEASE
71 Flinders Parade
North Lakes
Showroom
LEASE
2/5 McLennan Court
North Lakes
Office
LEASE
1/110 Flinders Parade
North Lakes
Industrial
682m²
2999m²
LEASE
14/14-18 Discovery Drive
North Lakes
Retail
194m²
-
LEASE
3/23 Discovery Drive
North Lakes
Retail
110m²
-
POA
-
LEASE
2/110 Flinders Parade
North Lakes
Industrial
350m²
-
POA
-
LEASE
14/8 Oxley Street
North Lakes
Industrial
115m²
-
$1,700 P/M
Net
LEASE
12/9 Discovery Drive
North Lakes
Office
93m²
-
POA
-
LEASED
1/30 Torres Crescent
North Lakes
Retail
1410m²
-
$310,200 P/A
Net
$5,255 P/M
Net
ARE YOU THINKING OF
SELLING OR LEASING? Your next move... Speak to your local area experts today
Northern Corridor Group We don't wait, we hunt! raywhitecommercialnortherncorridorgroup.com.au
CASE STUDY
NORTHERN CORRIDOR GROUP
SOLD FOR $21.5 MILLION
4-8 BURKE CRESCENT, NORTH LAKES LIFESTYLE CENTRE
RETAIL
INSPECTIONS 9
LISTED OFF MARKET
SOLD JANUARY 2019
SALE PRICE $21.5 Million
Ashley Rees and Chris Massie have secured the sale of North Lakes Style Centre in an off-market transaction for $21.5M at 4-6 Burke Crescent The established large format retail centre comprised 15 complementary tenancies and came with a 1.834ha* land area and 7,971m2 of net lettable area. Confidence in the fourth fastest growing suburb in the country remains strong, with the privately-owned investment company sourcing multiple investor contributions from out of state.
ASHLEY REES 0411 707 410
ashley.rees@raywhite.com
The complex boasts 268 metres* of high exposure frontage to the main North South Arterial of North Lakes and boasts national names such as School Locker and 99 Bikes across two main buildings, a car wash and stand-alone restaurant. The due diligence process for a sale of this magnitude was extremely involved, but made easier due to our agency's intimate knowledge of the property. "We have been involved with this property since the initial purchase of the land from Stockland and have worked with the sellers through the design, leasing and ongoing tenancy management of the asset. It was truly a team effort." Noted Ashley.
We don't wait, we hunt!
CHRIS MASSIE 0412 490 840
chris.massie@raywhite.com
SPOTLIGHT ON F L I N D E R S PA R A D E NORTHERN CORRIDOR GROUP
SE D EA NEEDE L R S
IE E OOPERT L A R
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9 Flinders Parade, NORTH LAKES These quality units are located in the heart of the industrial and commercial precinct of North Lakes.
• Strata units available from 198m²-245m²
To arrange an inspection or for more information contact marketing agents:
• On site car parking
Chris Massie 0412 490 840 Ashley Rees 0411 707 410
• Custom fit out available
• Flexible zoning suits multiple uses • Internal amenities • Lease to buy options available
For Sale or Lease - Contact agents Chris Massie & Ashley Rees
E AS EEDED E L N
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71 Flinders Parade, NORTH LAKES These brand-new unit are located in the highly sought after North Lakes Business Park precinct. To arrange an inspection or for more information contact marketing agents: Chris Massie 0412 490 840 Aaron Canavan 0447 744 948
• Approximate sizes from 335m² to 405m² • Container height electric roller doors • On site parking • High speed NBN connection • Kitchenette & disabled toilet facilities • Close proximity to town centre amenities & transport links • Easy access to Bruce Highway & major arterials
For Sale or Lease - Contact agents Chris Massie & Aaron Canavan
For a full list of current opportunities for sale or lease visit raywhitecommercialnortherncorridorgroup.com.au
Property outlines and sizes are approximate
AGENT PROFILES D SE EDE EA IES NE L T R
FOPROPE
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E
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AARON CANAVAN 0447 744 948
SALES & LEASING EXECUTIVE
2/75 Flinders Parade, NORTH LAKES • 154m²* Quality office/warehouse • 105m²* warehouse, 49m²* of mezzanine & 20m²* of air-conditioned office • Internal is newly painted
• Container height roller door • On site parking • High speed NBN connection • Easy access to Bruce Highway
$2,000 P/M Net - Aaron Canavan & Chris Massie 2/110 Flinders Parade, NORTH LAKES
E DED AS S NEE E L IE
• 350m² open space/fit out options available • 34 on site car parks • Flexible zoning options covering retail • Tailored fit out options available • Located in the sought after North Lakes Business Park with surrounding tenants including Bunnings, Costco, Westfield and many more
R RT FOPROPE RE
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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. In Financial Year 2016/2017 Aaron received his first Premier Agent award which he has maintained each year since.
Contact Agents - Aaron Canavan & Chris Massie 6/37 Flinders Parade, NORTH LAKES
E DED AS EE LE IES N
• 108m² Industrial unit • 3 Phase power • Air conditioned office fit out • On site car parking • Electric Roller Door • Located in the heart of North Lakes Business Park • Easy Access to and from Bruce Highway
R RT FOPROPE RE
MO
$1,800 P/M Net - Aaron Canavan & Chris Massie 106 Flinders Parade, NORTH LAKES
SE D EA EEDE
R L IES N E OOPERT L A R
S
• High profile location • Approved for Retail/Showroom use • Units ranging from 188m² to 556m² • Fit out options available • Internal Amenities • Large on site car park • Close proximity to Bruce Highway and other major arterials
EP
R MO
Contact Agents - Aaron Canavan & Chris Massie
2/5 McLeannan Court, NORTH LAKES
E DED ALES NEE S I R T
• 43m² professional office space • Good amount of natural light • Access to one exclusive car park • Ability to connect directly to myPort NBN • Outgoings included in rent • Current lease in place until 31/05/2020 returning $16,896 P/A Gross
FO ROPER
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Contact Agents - Aaron Canavan & Chris Massie * Property outlines and sizes are approximate
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.
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
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