NORTHERN SUNSHINE COAST
FOR SALE OR LEASE [SEE PAGE 3] 13 MACHINERY ROAD, YANDINA
MICHAEL SHADFORTH 0488 981 076 C O M M E R C I A L P R I N C I PA L
ONE TEAM - THREE LOCATIONS
EMILY PENDLETON 0402 435 446
SALES & LEASING EXECUTIVE
JORDAN HAYES 0417 999 331
SALES & LEASING EXECUTIVE
JULIE RYAN 0447 445 453
MAJOR ASSET SALES
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
NORTHERN SUNSHINE COAST NORTHERN CORRIDOR GROUP
13 MACHINERY ROAD, YANDINA SE D EA NEEDE L R S
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Freestanding shed with flexible floor plan This freestanding warehouse is situated on the corner of Machinery Road & Harvest Road with a flexible floor plan which is designed to suit either a single user or split into two tenancies. Positioned on a 2,075m² block, the building is set to the rear allowing for two way access and ample car parking.
• Warehouse 875m²* • Mezzanine 108m²* • Dual access • 2 x roller doors (4.3m x 4.35m) • Extraction fan
For further information or to book an inspection contact agents Jordan Hayes on 0417 999 331 or Michael Shadforth on 0488 981 076.
FOR LEASE - NEW PROPERTIES LAST QUARTER Size
Quantity
THIS QUARTER Annual Rent/m2
Size
Quantity
Annual Rent/m2
0-200
22
$210
0-200
49
$169
200-500
5
$127
200-500
25
$124
500+
7
$100
500+
11
$111
FOR SALE - NEW PROPERTIES LAST QUARTER Size
Quantity
THIS QUARTER Annual Sale/m2
Size
Quantity
Annual Sale/m2
0-200
21
$2,654
0-200
25
$2,891
200-500
5
$1,522
200-500
11
$2,349
500+
9
$1,448
500+
10
$1,609
NORTHERN SUNSHINE COAST 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.
STATUS
ADDRESS
SUBURB
NLAM2
SALE $/M2)
LEASE $/M2
NET / GROSS
Sale
2/37 Access Crescent
Coolum Beach
303m²
$1,766
-
-
Sale
5/14 Focal Avenue
Coolum Beach
315m²
$1,619
-
-
Sale
41 Pioneer Road
Yandina
1000m²
$1,200
-
-
3/92 Link Crescent
Coolum Beach
460m²
$1,663
$109
Net
Lease
1/27 Central Park Drive
Yandina
266m²
-
$95
Net
Lease
2/14 Focal Avenue
Coolum Beach
168m²
$1,696
Lease
Unit 5 3/57 Cordwell Road
Yandina
162m²
-
$80
Net
Lease
3/11 Project Avenue
Noosaville
15m²
-
$347
Gross
Lease
13 Machinery Road
Yandina
387m²
-
$81
Net
Lease
1/2-6 Focal Avenue
Coolum Beach
49m²
-
$285.50
ADDRESS
SUBURB
Sale/Lease
STATUS
-
-
Gross
NLAM2
SALE $/M2)
LEASE $/M2
NET / GROSS
Sold
2/14 Focal Avenue
Coolum Beach
168m²
$1,696
-
-
Leased
1/10 Leo Alley Road
Noosaville
228m²
-
$140
Net
Leased
2/10 Leo Alley Road
Noosaville
228m²
-
$125
Net
Leased
Unit 5 3/37 Cordwell Road
Yandina
162m²
-
$80
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
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TYPE INDUSTRIAL
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ADDRESS UNITS 1, 2, 3 & 7/25 QUANDA ROAD, COOLUM BEACH
SOLD UNIT 1 $355,000 UNIT 2 $180,000
LEASED UNIT 1 $24,530 P/A Net UNIT 2 $12,150 P/A Net
(Leased with Option to Purchase)
UNIT 3 $12,800 P/A Net UNIT 7 $29,150 P/A Net
(Leased with Option to Purchase)
RENEWED MARKETING STRATEGY These four units presented a unique opportunity to sell or lease a collection of ideally positioned warehouses within the Coolum Industrial Park. We launched the campaign and through online advertising were able to successfully lease Unit 1 in a short space of time. We were very conscious that the units weren't receiving the level of enquiry we would expect from the market for such a quality product. We recommended the owner undertake a round of paper advertising as a result to expose the product to a new segment of buyers. This resulted in a very noticeable spike in enquiries back through the online portals and subsequent leasing of all four units and sale of two (remaining two were leased subject to an option to purchase). It was a great lesson to all involved that marketing is crucial to achieving results and paper advertising can still play a very significant role when utilised effectively.
MICHAEL SHADFORTH 0488 981 076 C O M M E R C I A L P R I N C I PA L
JORDAN HAYES 0417 999 331
SALES & LEASING EXECUTIVE
RECENT NOTEWORTHY TRANSACTIONS NORTHERN CORRIDOR GROUP
ED D! EED SE IES N
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1 & 2 /10 Leo Alley Road, NOOSAVILLE • Options to lease a 228, 238 or 466m2 space • Premise offers flexible size and lease terms that can be negotiated to suit your needs. • Featuring a showroom, workshop & storage • Private amenities • 12 car parks
Leased - Contact Agents [Emily Pendleton & Michael Shadforth]
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D! EED SE ES N EA ERTI
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OP
PR
21 Heathfield Road, COOLUM BEACH • Free standing premise therefore no body corporate fees • Ample exclusive use car parking • Close proximity to a strongly trading Coles Shopping Centre • 161m²* space available plus 41m²* boardroom • Generous rental incentives • Fully air-conditioned
Leased - Contact Agent [Emily Pendleton]
ED D! EED SE IES N
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A LE OPERT
AGENT PROFILES
1B/19 Birtwill Street, COOLUM BEACH • 40m² internal + 42m² external dining • Located opposite Coles shopping complex, and footsteps to the beach • Boasts good signage opportunities • Situated amongst other well established food tenants which creates good food traffic • Ample on street car parking
EMILY PENDLETON 0402 435 446
SALES & LEASING EXECUTIVE Emily commenced her sales career with Financial Advisors, a role she enjoyed for three years, before transitioning into commercial real estate. Starting as a sales cadet in 2013, she quickly established herself as a retail specialist for Mooloolaba and Maroochydore before joining the Ray White Commercial Northern Corridor Group in 2014 as sales and leasing agent. The Big Top, River Markets and Moko are just a few of the developments she has been involved in successfully marketing and leasing. Emily has a Certificate IV in Mortgage Broking and Insurance, a Diploma in Financial and Mortgage Broking and traineeship in Insurance Broking Management. She is currently studying for a BA degree in Property Economics and Development at the University of the Sunshine Coast. Originally from Melbourne, she has called the Sunshine Coast home since 2004.
Leased - Contact Agent [Emily Pendleton]
ARE YOU THINKING OF
SELLING OR LEASING? Speak to your local area experts today
Northern Corridor Group
WHAT'S YOUR NEXT MOVE?
JULIE RYAN 0447 445 453
RETAIL INVESTMENT SALES From the moment you meet Julie, it is clear you are in the hands of highly skilled and focused professional. Her experience is global, having worked for outstanding organisations and individuals around the world for more than 25 years. She is the agent other agents turn to for advice regarding strategy, marketing and best practice. As a mark of the regard she is held in by the industry, Julie has had a number of years being the official mentor to the very highest performing salespeople and offices within the Ray White Group around the world. “Our future as market leaders is in the hands of the people we serve. It is our intention, indeed our mission to be the best at what we do. We want our clients to feel confident that we will help them realise their property goals using skill, marketing and technology. Every element of our operation comes back to our clients – what`s best for them, how we can achieve the best results available in today’s market.”
PROPERTIES FOR SALE OR LEASE NORTHERN CORRIDOR GROUP
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3/92 Link Crescent, COOLUM BEACH
13 Machinery Road, YANDINA
• Multi Level Office Space & Mezzanine Storage • Amenities + Shower • Reception area through front access • 135m2 Concrete apron at rear of warehouse with work space accessed via two high clearance roller doors • High clearance roller to front of building • 3 phase power
• Warehouse 387m²* • Positioned on a 2,075m²* block • Dual access • 1 x roller doors (4.3m x 4.35m) • Two way access • Ample car parking • Situated on the corner of Machinery Road & Harvest Road
Sale $765,000 + GST - Lease $50,200 P/A Net Jordan Hayes & Michael Shadforth
Lease - $31,350 P/A NET Jordan Hayes & Michael Shadforth
ED LE NEED A S ES
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2/37 Access Crescent, COOLUM BEACH
41 Pioneer Road, YANDINA
• 303m² • Internal fitted office featuring reception area, glass entry doors, air-conditioning, private office & additional mezzanine storage • Internal amenities including toilet, shower and kitchenette • 3 phase power • Ample on site car parking and street car parking
• Building 1,000m2 • Land 2,007m² (0.5 acres) • Located just off the Bruce Highway • Sold as a tenanted investment • Tenant 1 (Makesafe Roofing) - rental Income: $54,424.80 • Tenant 2 (Pioneer Coffee) - rental Income: $44,772.72
For Sale - $535,000 + GST Emily Pendleton
For Sale - $1,200,000 Emily Pendleton
For a full list of current opportunities for sale or lease visit raywhitecommercialnortherncorridorgroup.com.au
*Approximate
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
LOUISE BRETT MARKETING MANAGER 0423 222 022 louise.brett@raywhite.com
BLAKE PRIMROSE SALES & LEASING EXECUTIVE 0423 555 043 blake.primrose@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
SUNSHINE COAST
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 PINE
T 1300 255 075 F 1300 778 887
T 1300 255 075 F 1300 778 887
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