REDCLIFFE PENINSULAR AREA EXPERTS
FOR LEASE [See Page 3] 425 Elizabeth Avenue, Kippa-Ring
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 REDCLIFFE PENINSULAR NORTHERN CORRIDOR GROUP
425 ELIZABETH AVENUE, KIPPA-RING
OUTSTANDING RETAIL SHOWROOM
For further information or to book an inspection contact agents
Fully integrated sales facility providing showroom, display yard, office and mechanical workshops to suit all requirements. • High profile location offering high exposure to passing traffic • 1266m² of open plan ground floor showroom/office facility • Level 1 comprises of 442m² professional office space, containing 3 large boardrooms/conference rooms and 7 individual office spaces • Ducted air-conditioning throughout • Lift access • 2 large kitchen facilities • 7 on site toilet amenities
AARON CANAVAN 0447 744 948
SALES & LEASING EXECUTIVE
VA C A N C I E S SIZE
LAST QUARTER
CHRIS MASSIE 0412 490 840
C O M M E R C I A L P R I N C I PA L
AV E R A G E R E N T THIS QUARTER
SIZE
LAST QUARTER
THIS QUARTER
0-200m2
6
8
0-200m2
$150/m²
$150/m²
200-500m2
5
5
200-500m2
$128/m²
$122/m²
>500m2
3
1
>500m2
$100/m²
$110/m² * Property plans and sizes are approximate
REDCLIFFE PENINSULAR 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
PRICE
NET OR GROSS
-
POA
-
3,015m²
Present all offers
-
BUILDING LAND AREA (M2) AREA (M2)
Sale
210 Anzac Avenue
Clontarf
Retail
250m²
Sale
311-313 Deception Bay Road
Deception Bay
Land
Sale/ Lease
19/116 Lipscombe Road
Deception Bay
Industrial
133m²
-
$350,900 / Lease POA
-
Lease
33 Redcliffe Parade
Redcliffe
Retail
108m²
-
$3,750 P/M
Net
Lease
42 Grice Street
Clontarf
Industrial
185m²
511m²
$2,400 P/M
Gross
Lease
6/93-101 George Street
Kippa-Ring
Medical/ Consulting
76m²
-
$2,500 P/M
Gross
Lease
71 Snook Street
Clontarf
Industrial
183m²
486m²
$2,272 P/M
Gross
Lease
425 Elizabeth Avenue
Kippa-Ring
Retail
1266m²
-
POA
-
Lease
5&6/657 Deception Bay Road
Deception Bay
Office
625m²
-
POA
-
Lease
4/11-15 Baylink Avenue
Deception Bay
Industrial
292m²
-
$3,084 P/M
Net
Leased
T1.04/743-757 Deception Bay Road
Deception Bay
Retail
73m²
-
$36,500 P/A
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
292 Anzac Avenue Kippa-Ring
TYPE COMMERCIAL
TOTAL ENQUIRES 4 PHONE 7 EMAILS 2 ONLINE
MARKETING SPEND $1,500
QUALITY LOCATION & INVESTMENT
SALE PRICE $1,650,000
Chris Massie has helped a Melbourne-based owner offload what was supposed to be a “safe as a bank” passive investment in Kippa Ring. The main road freestanding office next to Hungry jacks on Anzac Avenue was the long-time home of the Commonwealth Bank, one of the most sought-after investment tenants of the last decade. The GFC and technological/sociological changes in the way we all bank led to a down-sizing by the big four across many branches. The result has been a glut of very well located, very hard to utilise buildings with specific fit outs. The buyer of this particular building is a well-established investor-developer, who has the in house team necessary to redevelop the property into a more functional offering. “The Peninsular is a future powerhouse area, due to the proximity to the city and ports via the Gateway arterial. The new owner has the ability to play the long-game to capitalise on this future potential.” Chris Massie
We don't wait, we hunt!
CHRIS MASSIE 0412 490 840
chris.massie@raywhite.com
AGENTS COMMENTS “This is the third ex-bank we have sold and the unique fit out of tellers, vaults and offices has made each as tricky as the last”
SPOTLIGHT ON REDCLIFFE PENINSULAR NORTHERN CORRIDOR GROUP
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12/79 Anzac Avenue, REDCLIFFE • 190m² Warehouse/Office Space • Mezzanine Storage • On Site Amenities • Outgoings included in rent • 2 Street Access allowing for drive in/drive out • Located in Clontarf's busy Industrial Estate • Secured gated complex • Clean & tidy industrial complex, Sugar Road Central, located
6/82 Anzac Avenue, REDCLIFFE • 72m² retail space available • Previously fitted out for a Japanese Restaurant • Ideal for a food user looking for a quick set up • Fronting Anzac Avenue offering high exposure • Cold room • Exhaust canopy • Grease trap connection • Join neighbouring tenants such as liquor land, barber shop, sushi store, crust pizza and IGA
For Lease- $1,900 P/M Net Agents - Chris Massie & Aaron Canavan
D SE NEEDE A E S
R L RTIE FOPROPE RE
For Lease - $3,600 P/M Net Agents - Chris Massie & Aaron Canavan
D SE NEEDE A E S
R L RTIE FOPROPE RE
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3/83 Anzac Avenue, REDCLIFFE • 208m² Professional Office/ Medical Consulting • 6 fitted out offices • Boardroom • Reception area • Kitchenette • Disabled toilet amenities • Ducted air conditioning throughout • Ample onsite and on street car parking • Clean & Tidy industrial complex For Lease - $2,333 P/M Agents - Chris Massie & Aaron Canavan
2/83 Anzac Avenue, REDCLIFFE • 483m2 Retail/Showroom Space • Located along busy Anzac Avenue • Signage opportunity • Internal amenities • Ample on site parking • Open plan tenancy
For Lease - $5,416 P/M Net 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 33 Redcliffe Parade, REDCLIFFE
E DED AS EE LE IES N
• 108m² Retail/Office space for Lease • Located fronting Redcliffe Parade offering both foot traffic and passing cars • Currently open plan with options to fit out • Air-conditioned throughout • Internal amenities • Signage opportunity
R RT FOPROPE RE
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$3,750 P/M Net - Aaron Canavan & Chris Massie 3A/29-31 Anzac Avenue, REDCLIFFE
D SE EDE EA IES NE L T R
• 65m² Retail opportunity offering high exposure • Fronting busy Anzac Avenue with high visibility to both foot traffic and passing cars • Large on site car park • On site amenities • Motivated landlord/incentives on offer • Outgoings are included in the rent
FOPROPE
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$1,625 P/M + GST - Aaron Canavan & Chris Massie 1/106 Sutton Street, REDCLIFFE
E DED AS EE LE IES N
• Located in the heart of Redcliffe • 60m² tenancy • Air-conditioning throughout • On site amenities • High foot traffic area • Close to public transport
R RT FOPROPE RE
MO
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. 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 57 Ashmole Road, REDCLIFFE
E DED AS EE LE IES N
• Retail tenancies from 45m² to 132m² • Ample on site parking • Signage opportunity • Incentives offered • On site amenities - Shop 5 - 67m² - Shop 7 - 45m² - Shop 8 - 87m²
R RT FOPROPE RE
MO
Contact Agents - Aaron Canavan & Chris Massie 2/29-31 Anzac Avenue, REDCLIFFE
D SE EDE EA IES NE L T R
• 70m² retail on Anzac Avenue • Ample parking at the rear • Walking distance from the beach • Fitted out as is or open plan • Motivated Landlord • Great signage opportunity
FOPROPE
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RE
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$3,000 P/M Net - Aaron Canavan & Chris Massie 8A/82 Anzac Avenue, REDCLIFFE
E DED ALES NEE S I R T
• 80m² Retail/office space • Recently constructed • Opportunity to gain attention from foot and bypassing traffic • Fully air-conditioned • Located in busy complex with neighbouring tenants such as IGA, Barber & Thai Restaurant
FO ROPER
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$3,666 P/M Net - 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
AARON CANAVAN SALES & LEASING EXECUTIVE 0447 744 948 aaron.canavan@raywhite.com
EMILY PENDLETON SALES & LEASING EXECUTIVE 0402 435 446 emily.pendleton@raywhite.com
BLAKE PRIMROSE COMMERCIAL LEASING ASSOCIATE 0423 555 043 blake.primrose@raywhite.com
JORDAN HAYES SALES & LEASING EXECUTIVE 0417 999 331 jordan.hayes@raywhite.com
LOUISE BRETT MARKETING MANAGER 0423 222 022 louise.brett@raywhite.com
DAVID GOLDSWORTHY SALES & LEASING ASSOCIATE 0481 996 794 david.goldsworthy@raywhite.com
PINE RIVERS BROCKE HAMBRECHT SALES & LEASING EXECUTIVE 0466 599 724 brocke.hambrecht@raywhite.com
ROB DAWSON SALES & LEASING ASSOCIATE 0422 786 205 rob.dawson@raywhite.com
TREVOR NELSON-JONES SALES & LEASING EXECUTIVE 0407 736 521 trevor.nelson-jones@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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