In The Know - Northern Sunshine Coast Q4 2019| Northern Corridor Group

Page 1

COMPETITION CREATORS

MULT I WINN AWARD ING T EAM

I N T H E KN OW EXPERT COMMERCIAL PROPERTY FOCUS

FOR SALE (SEE PAGE 4) 16 FARRELL STREET, YANDINA

NORTHERN SUNSHINE COAST EXPERTS

MICHAEL SHADFORTH 0488 981 076 C O M M E R C I A L P R I N C I PA L

EMILY PENDLETON 0402 435 446

SALES & LEASING EXECUTIVE

JORDAN HAYES 0417 999 331

SALES & LEASING EXECUTIVE

ONE TEAM - FOUR LOCATIONS | PINE RIVERS | MORETON BAY | SUNSHINE COAST | MORAYFIELD

JULIE RYAN 0447 445 453

MAJOR ASSET SALES

4 TH QUARTER 2019


WELCOME

The key take-aways for me was the projected population growth from 300,000 to over 600,000 and the role the Sunshine Coast is expected to play in Australia’s next Olympic bid for 2032. With an estimated $20 billion in public and private infrastructure investment either completed or in the pipeline, it is little wonder that we have ranked in the top 10 “Best Buys” report recently released by HotSpotting’s Terry Ryder.

A word from Michael The Sunshine Coast market continues to improve on the back of ongoing infrastructure investment across the region. A recent presentation by demographer Bernard Salt regarding The Future of Tourism on the Sunshine Coast provided insight on what we can expect in the coming years.

How we measure

UP

The short term confidence improvement is as important as the long term impacts for businesses and property owners across our region. We will never be completely immune to the inevitable market cycles, but the Northern Corridor appears to be in a strong position to weather whatever the short term brings

Michael Shadforth Director - Commercial Principal

2019 3RD QUARTER sales & leasing results

Q3 Sales $23,672,420 13 Industrial 4 Retail 1 Office

23 TOTAL SOLD

3 Land 2 Other

Q3 Leases $1,535,911 24 Industrial 18 Retail 8 Office

76 TOTAL LEASED

1 Land 2 Other

YOUR AWARD WINNING TEAM WINNER OF ELITE BUSINESS LEADER 2018-2019

NCG DEPARTMENT HEADS

CHRIS MASSIE DIRECTOR COMMERCIAL PRINCIPAL 0412 490 840

ASHLEY REES DIRECTOR SENIOR ANALYST 0411 707 410

PAUL LUMTIN EXECUTIVE DIRECTOR 0428 222 620

GUY UPCHURCH DIRECTOR OF ASSET MANAGEMENT 0410 614 240

BROCKE HAMBRECHT SALES MANAGER & GROUP AUCTIONEER 0466 599 724

2


NORTHERN SUNSHINE COAST EXPERTS - SOLD & LEASED COMMERCIAL PROPERTY

3

Industrial demand remains strong through this northern Sunshine Coast region, with particular demand coming for functional units under 500m2. We have also experienced an encouraging uplift in genuine retail enquiry from both tenants and owner occupiers in this sector. An interesting observation from our asset management team is that rental arears for this precinct have been consistently dropping quarter on quarter for the whole of 2019. Increasing rent arears are a proven “Canary in the coal mine” market indicator for worsening business conditions and a potential vacancy spike. The fact that these arears are dropping is a good indicator that businesses are trading well and meeting their financial requirements. Investor demand for tenanted properties remains exceptionally high and appetites are expanding to also include vacant properties due to the general market confidence in the Northern Corridor market. Conditions are well suited for owners to offload tenanted or vacant buildings that they do not plan on holding on to through the next market cycle. If you are thinking of transacting in commercial real estate, contact you local area experts at the Northern Corridor Group today!

ED

ED

D! EED SE ES N EA ERTI

L

OP

PR

E OR

M

ED

D! EED SE ES N EA ERTI

! EED LD ES N SO ERTI E OR

M

L

OP

PR

E OR

M

OP

PR

1/50 DACMAR ROAD, COOLUM BEACH

652 DAVID LOW WAY, PACIFIC PARADISE

1/27 CENTRAL PARK DRIVE, YANDINA

• 413.4m2* • Ample on site parking • High quality office fit out

• 79m2* cafe • Tightly held location • Long term tenants - lease expiry 2022

• 266m2* secure complex • Only 4kms from the Bruce highway • 3 car Parks

$36,000 P/A | MICHAEL | JORDAN

$285,000 | MICHAEL | JORDAN

ED

ED

D! EED SE ES N EA ERTI

L

E OR

M

$25,272 P/A | MICHAEL | JORDAN ED

D! EED SE ES N EA ERTI

! EED LD ES N SO ERTI

OP

PR

E OR

M

L

OP

PR

E OR

M

OP

PR

5B LOT 3/57 CORDWELL ROAD, YANDINA

9/11-15 RUNWAY DRIVE, MARCOOLA

4 STEVENS STREET, YANDINA

• 100m • High clearance roller door • On site amenities

• 176m office/warehouse + an additional 60m2* of air-conditioned office/storage • Very liveable, fully air-conditioned

• 39m2* • Located on the main street of Yandina • Tenant on site parking + street parking

2*

2*

CONTACT AGENT | EMILY

$385,000 | EMILY

$12,000 P/A | EMILY

For a full list of current opportunities for sale or lease visit raywhitecommercialnortherncorridorgroup.com.au

RETAIL SALES LISTINGS 2019 NEW SIZE

* Property outlines, sizes & landmarks indicative

RETAIL RENT 2019 AVERAGE

FIRST SECOND THIRD THIS QUARTER QUARTER QUARTER QUARTER

SIZE

0-200m2

21

25

9

11

0-200m2

200-500m2

5

11

4

5

>500m2

9

10

5

7

YOUR AWARD WINNING TEAM TEAM OF THE YEAR 2018 - 2019

FIRST SECOND THIRD THIS QUARTER QUARTER QUARTER QUARTER $210/m² $169/m²

$207/m2

$200/m2

200-500m2

$127/m²

$124/m²

$141/m2

$134/m2

>500m2

$111/m²

$100/m²

$110/m2

$117/m2


AGENTS TOP PICK

4

ED LE NEED A S S E

R TI FO ROPER

RE

MO

P

FOR SALE - CONTACT AGENT

16 FARRELL STREET, YANDINA

ICONIC LOCAL CAFE WITH MULTIPLE INCOME STREAMS Located in the picturesque township of Yandina sits proudly 16 Farrell Street, Yandina. A quaint, corner-shop currently leased by Cafe Invigor8, perched on a 526m2 corner block between Farrell Street and Stevens Street. For additional information or to arrange an inspection please contact marketing agents Michael and Jordan. Michael Shadforth | 0488 981 076 | michael.shadforth@raywhite.com Jordan Hayes

| 0417 999 331 | jordan.hayes@raywhite.com

• Well established Cafe with street front dining, internal kitchen/ cafe & garden courtyard • First floor office conversion upstairs with ground floor retail/ office with high exposure • Potential income of $78,900* P/A • 2 separate commercial buildings, council approved for change of use from residential to office/retail with supporting documents • Newly added ground level (downstairs) commercial plus newly renovated upstairs • Cafe = 110m²* & Building 2 = 250m²* • Located in central business district of Yandina • Positioned on a sub arterial road leading through Yandina connecting to Old Gympie Road

2019

NORTHERN CORRIDOR AUCTION RESULTS With over $9,500,000 in auction sales and an average "days on market" of only 41 days, the auction process continues to deliver premium, timely results for our owners.

YOUR AWARD WINNING TEAM ADMIN TEAM OF THE YEAR 2018-2019

AUCTION AVERAGE DAYS ON MARKET

41.2

NON-AUCTION AVERAGE DAYS ON MARKET

310

* Property outlines, sizes & landmarks indicative


NORTHERN SUNSHINE COAST EXPERTS - FOR SALE & LEASE COMMERCIAL PROPERTY

5

1/2-6 FOCAL AVENUE, COOLUM BEACH

SE EDE EA IES NE L R T

D

This great value top level professional office space is located in a prominent and well maintained complex with excellent exposure and is perfectly presented for any office based business.

FOPROPE

R

RE

MO

• 49m2* • Air conditioning • Signage opportunities • 1 x exclusive park + off street parking • Partitioned offices with desks available • 2.3kms to the Sunshine Motorway

$7,350 P/A GROSS + GST | MICHAEL | JORDAN

T AC D TR NEEDE N O ES

ED LE EED SA ES N

R C ERT DE PROP N E U R

R TI FO ROPER

I

P RE

MO

E DED ALES NEE S R TI

FO ROPER

RE

MO

MO

P

4/1796 DAVID LOW WAY, COOLUM BEACH

2/25 QUANDA ROAD, COOLUM BEACH

1/39 CENTRAL PARK DRIVE, YANDINA

• 52m * directly opposite the beach with huge amount of foot traffic • Well established retail and food businesses

• 88m * 3 + 3 year lease commenced December 2018 • Manageable outgoings (paid by tenant)

• 205m2* • High clearance roller door • 5m internal ceiling height

2

2

$180,000 | MICHAEL | JORDAN

$750,000 | EMILY

T AC D TR NEEDE N O ES

$325,000 I EMILY

E AS DED LE S NEE R E O TI

R C ERT DE PROP N E U R

I

E DED ALES NEE S R TI

LE PER SARE PRO

MO

RE

MO

41 PIONEER ROAD, YANDINA • Building: 1,000m * land: 2,007m * • Home to two well established tenants • Located just off the Bruce Highway 2

2

$1,200,000 | EMILY

FO ROPER

MO

15/224-226 DAVID LOW WAY, PEREGIAN BEACH

13 MACHINERY ROAD, YANDINA

• 186m * modern complex • Lift as well as exclusive stairwell access • Three exclusive car parks

• Building: 983m2* land: 2,075m2* • Dual access • 2 x roller doors (4.3m x 4.35m)

2

SALE $811,000 | LEASE $49,500 P/A NET | EMILY

For a full list of current opportunities for sale or lease visit raywhitecommercialnortherncorridorgroup.com.au

AVERAGE OFFERS PER PROPERTY

AVERAGE ENQUIRY

P

1.6

13.9

YOUR AWARD WINNING TEAM CUTTING EDGE AWARD 2018 - 2019

$1,350,000 | MICHAEL | JORDAN * Property outlines, sizes & landmarks indicative

SOLD %

AVERAGE MARKETING SPEND

66.67%

$5,701


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.

6

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!

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.

POSITIONING THE PROPERTY TO BEAT THE MARKET

COMPETITI CREATORS ON How Ray White Com mercial creates the competition sells your asset for mor that e

FAST FACTS

The Coolum Beach industrial market has proven to be quite volatile over the last decade, with a steady flow of speculative strata developments meaning this has been one of the few areas where supply consistently outstrips demand. This created a problem for the owner of a unit in 50 Dacmar Road, who had been looking for a tenant for an extended period of time against a number of units with similar features and function.

• Property type: Industrial/Warehouse • Address: 1/50 Dacmar Road, Coolum Beach

When Michael Shadforth and Jordan Hayes sat with the owner to take an in depth look at the competition and recent transaction data, it became clear that the property needed to be repositioned if it was to be the next one to lease. A targeted investment in marketing ensured the property appeared ahead of the competition and a competitive price point ensured the genuine enquiry the marketing generated was quickly converted into an agreement.

• Marketing Spend $2,390

“We invest heavily in market data research to ensure our owners are making informed decisions about their property.” Said Jordan Hayes, agent and qualified valuer. “Knowing where your competition is and what is needed to be the better value proposition for tenants can be the difference between owning a leased or vacant building.” For additional information please contact makerting agents Jordan Hayes on 0417 999 331 or Michael Shadforth on 0488 981 076.

• Lease date: 01/12/2019 • Inspections: 5 • Offers: 1 • Enquires: 14 • Lease price: $36,000 P/A Net • Building 413.4m2

JORDAN HAYES 0417 999 331

MICHAEL SHADFORTH 0488 981 076

YOUR AWARD WINNING TEAM TOP 4 LEASING FEES

SALES & LEASING EXECUTIVE

D I R E C T O R C O M M E R C I A L P R I N C I PA L

* Property outlines, sizes & landmarks indicative


NORTHERN SUNSHINE COAST EXPERTS

7

D

DE

E LD S NE SO RTIE

E OR

M

E

OP

PR

652 DAVID LOW WAY, PACIFIC PARADISE • 79m2* Cafe • Tightly held location • In a tightly held location, with direct frontage to one of the Sunshine Coast's busiest roads, this thriving cafe would suit a range of purchasers

$285,000 | JORDAN | MICHAEL ED

D ED NEE AS TIES

LE OPER R

P RE

MO

TENANCY B 13 MACHINERY ROAD, YANDINA • Positioned on a 2,075m2* block, the building is set to the rear allowing for two way access and ample car parking • 387m2* dual access warehouse • 1 x roller doors (4.3m x 4.35m)

JORDAN HAYES 0417 999 331

SALES & LEASING EXECUTIVE

Prior to joining the Ray White Commercial Northern Corridor Group, 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.

$30,000 P/A | JORDAN | MICHAEL

ED

D EED SE S N EA RTIE

L

E OR

M

E

OP

PR

1/50 DACMAR ROAD, COOLUM BEACH • 413.4m2* High clearance warehouse space with high quality office fit out • Road frontage and great exposure • Ample on site parking • Back to base security system & CCTV

$36,000 P/A | MICHAEL | JORDAN E DED ALES NEE S I R T

FO ROPER

E OR

M

P

MICHAEL SHADFORTH 0488 981 076

D I R E C T O R - C O M M E R C I A L P R I N C I PA L As Managing Director/Commercial Principal, Michael brings more than twenty years of successful sales and innovative marketing experience from a broad range of industries to the team. His expertise and proven history provides Ray White Commercial Northern Corridor Group clients with the strategic advantage in tailoring investors and tenants to projects so that all parties’ needs are addressed and the project is a success.

16 FARRELL STREET, YANDINA • 359m established Cafe with street front dining, internal kitchen/cafe & garden courtyard • First floor office conversion upstairs with ground floor retail/office • Potential income of $78,900* P/A 2*

CONTACT AGENTS | MICHAEL | JORDAN

YOUR AWARD WINNING TEAM TOP 5 SALES AND LEASING FEES

He represents the next generation of the well-known and iconic Shadforth family, which has a long history and wealth of experience in development, project management, consulting and contracting throughout Australia.


ELITE BUSINESS LEADER TEAM OF THE YEAR

MULTI AWARD WINNING TEAM

TOP 4 LEASING FEES TOP 5 SALES AND LEASING FEES

MICHAEL SHADFORTH DIRECTOR - COMMERCIAL PRINCIPAL 0488 981 076 michael.shadforth@raywhite.com

JORDAN HAYES SALES & LEASING EXECUTIVE 0417 999 331 jordan.hayes@raywhite.com

EMILY PENDLETON SALES & LEASING EXECUTIVE 0402 435 446 emily.pendleton@raywhite.com

JULIE RYAN MAJOR ASSET SALES 0447 445 453 julie.ryan@raywhite.com

DWAINE BATHERN SALES & LEASING ASSOCIATE 0499 568 419 dwaine.bathern@raywhite.com

DAVID GOLDSWORTHY SALES & LEASING ASSOCIATE 0481 996 794 david.goldsworthy@raywhite.com

CHRIS MASSIE DIRECTOR - COMMERCIAL PRINCIPAL 0412 490 840 chris.massie@raywhite.com

BROCKE HAMBRECHT SALES MANAGER & AUCTIONEER 0466 599 724 brocke.hambrecht@raywhite.com

ASHLEY REES DIRECTOR - SENIOR ANALYST 0411 707 410 ashley.rees@raywhite.com

TREVOR NELSON-JONES SALES & LEASING EXECUTIVE 0407 736 521 trevor.nelson-jones@raywhite.com

AARON CANAVAN SALES & LEASING EXECUTIVE 0447 744 948 aaron.canavan@raywhite.com

CHRISTINE FRENEY SALES & LEASING EXECUTIVE 0432 170 380 christine.freney@raywhite.com

BLAKE PRIMROSE SALES & LEASING ASSOCIATE 0423 555 043 blake.primrose@raywhite.com

ROB DAWSON SALES & LEASING ASSOCIATE 0422 786 205 rob.dawson@raywhite.com

MICHAELA WEBB PERSONAL ASSISTANT TO CHRIS MASSIE 0409 202 066 michaela.webb@raywhite.com

PINE RIVERS

MORETON BAY

SUNSHINE COAST

ADMIN TEAM OF THE YEAR

CUTTING EDGE AWARD

GUY UPCHURCH DIRECTOR OF ASSET MANAGEMENT 0410 614 240 guy.upchurch@raywhite.com

MORETON BAY

SUNSHINE COAST

PINE RIVERS

PROPERTY MANAGEMENT

3/125 Morayfield Road Morayfield QLD 4506

1/172 Brisbane Road Mooloolaba QLD 4557

Level 1, 104 Gympie Road Strathpine QLD 4500

9/113-137 Morayfield Road Morayfield QLD 4506

T 1300 255 075

ONE TEAM - FOUR LOCATIONS

F 07 5430 3799

W raywhitecommercialnortherncorridorgroup.com.au


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.