SOUTHERN SUNSHINE COAST
FOR SALE [STELLA] Geo Hawkins Crescent, Bells Creek
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
CASE STUDY
NORTHERN CORRIDOR GROUP
EMILY PENDLETON 0402 435 446
SALES & LEASING EXECUTIVE
Sale Date 22 nd March 2019 Marketing $325.00 Inspections 14 Offers 5 Enquiries 38 Sale Price $950,000 + GST Lease Price $66,000 P/A Net + Outs + GST
12 DANIEL STREET, CALOUNDRA Emily Pendleton from Ray White Commercial Northern Corridor Group is pleased to advise of the sale of 12 Daniel Street, Caloundra which was sold as a going concern for $950,000 which represents a 6.9% yield following Emily securing a lease between two tenants Prodigy Fitness, and Mobbs Electrical which made this deal come together. The property was on the market for lease as whole 472m2 for over 6 months with several agents. Emily approached the owner with the recommendation to split the property up into two tenancies, as Emily knew this is what the market wanted, once the option of the split tenancies was taken to market Emily was able to secure a tenant within weeks. Once the leases where in place and the tenants had moved in, we then listed the property as an investment which resulted in the sale to a private investor from the Brisbane region. This sale process demonstrates the importance of listening to the rental market, and structuring the leases correctly for the sale of the property. If you are thinking of selling your property or would like furtherinformation please contact Emily Pendleton to discuss.
FOR LEASE - NEW INDUSTRIAL PROPERTIES LAST QUARTER Size
Quantity
THIS QUARTER Annual Rent/m
2
Size
Quantity
Annual Rent/m2
0-200
12
$140
0-200
17
$124
200-500
2
$120
200-500
8
$132
500+
2
$101
500+
1
$106
FOR SALE - NEW INDUSTRIAL PROPERTIES LAST QUARTER Size
Quantity
THIS QUARTER Annual Sale/m2
Size
Quantity
Annual Sale/m2
0-200
11
$2,298
0-200
11
$2,274
200-500
4
$1,993
200-500
1
$2,005
500+
0
500+
4
$1,477
No New Listings
SOUTHERN 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.
LISTED STATUS
ADDRESS
SUBURB
NLAM2
SALE $/M2)
LEASE $/M2
Sale/Lease
31 Hancock Way 'Synergy'
Bells Creek
121 - 167m2
$2,025
$124
Sale/Lease
22 Hancock Way 'Exposure'
Bells Creek
290 - 314m
2
$2,300
$140
Sale/Lease
21 Hancock Way
Bells Creek
129 - 350m2
$2,054
$130
Sale
740 Nicklin Way
Currimundi
546m2
$1,392
-
Sale
4/10 Exeter Way
Calounda West
145m
2
$2,310
-
Sale
10/7 Premier Circuit
Warana
424m
2
$2 ,005
-
Sale
118/17 Exeter Way
Caloundra West
147m
2
$2,177
-
Lease
5B Technology Drive
Warana
260m2
-
$134
Lease
2/3 Machinery Avenue
Warana
343m
2
-
$117
Lease
35A Technology Drive
Warana
452m
2
-
$111
Lease
12/10-12 Machinery Avenue
Warana
207m2
-
$140
Lease
2/31 Production Avenue
Warana
188m2
-
$120
SOLD OR LEASED STATUS
ADDRESS
SUBURB
NLAM2
SALE $/M2)
LEASE $/M2
Sold
AURA Land
Caloundra West
1,005m2-3,526m2
From $215
-
Sold
12 Daniel Street
Caloundra West
472m2
$2,182
-
Sold
11/11 Exeter Way
Caloundra West
179m
2
$1,905
-
Sold
9/47-49 Claude Boyd Parade
Bells Creek
220m
2
$1,941
-
Sold
3/40 Kerryl Street
Kunda Park
143m2
$2,448
-
Leased
9 Daniel Street
Caloundra West
681m2
-
$117
Leased
1/35 Premier Circuit
Warana
359m
2
-
$104
Leased
2/3 Technology Drive
Warana
500m
2
-
$101
CASE STUDY
NORTHERN CORRIDOR GROUP
TYPE Tenanted Industrial
LISTED 10 July 2018
SOLD 05 Dec 2018
INSPECTIONS 7
OFFERS 2
MARKETING $6,906
SALE PRICE $1,950,000
QUALITY LOCATION & INVESTMENT 1,210m2* of high quality warehouse and office space located within the Sunshine Coast’s premier industrial estate on 2,560m2* of land. Situated on the doorstep of the Birtinya Health hub, developing Oceanside precinct and proposed light-rail link, the property is positioned to capitalise on a booming property market. 15 - 17 Bearing Avenue provides for a concrete block and metal clad warehouse with a large amount of practical hardstand. With warehouses in both buildings providing a functional floor plan, 15 Bearing also presents a quality office fitout to complete the asset. Sold subject to a new 5 year lease of $164,400 + Outgoings + GST
JORDAN HAYES 0417 999 331
SALES & LEASING EXECUTIVE
AGENTS COMMENTS
From the beginning of the campaign, the property presented an excellent investment opportunity, however had constraints surrounding unapproved structures and other building limitations. Working with both the vendors and buyers, Ray White were able to work towards a solution that benefit both parties and achieve an excellent result with the sale of the property subject to an extended lease back to a thriving family business that has occupied the site for approximately 30 years.
MICHAEL SHADFORTH 0488 981 076 C O M M E R C I A L P R I N C I PA L
RECENT NOTEWORTHY TRANSACTIONS NORTHERN CORRIDOR GROUP
ED
! EED LD ES N SO ERTI E OR
M
Aura Industrial Land at CALOUNDRA • Stage one sold out • Stage two land release May 2019 • Bells Creek arterial open April 2019 • 60% of stage two lots sold
OP
PR
SOLD - From $215/m2 [Agents - Jordan Hayes & Michael Shadforth] ED
D D! NEE OL TIES
S RE
MO
6/11Commerce Avenue, WARANA • 103m2 • Front unit in small complex • Offers excellent exposure to the street • Three exclusive car parks + ample street parking • Two roller doors 3m x 3.6m • Three phase power available to site • Central to Sunshine Motorway & Nicklin Way
ER
OP
PR
SOLD- $228,000 [Agent - Emily Pendleton] D
DE
! EE LD IES N
E OR
M
SOPERT
12 Daniel Street, CALOUNDRA WEST • 472m2 • Close proximity to the Bruce Highway, Sunshine Motorway, Nicklin Way & Caloundra CBD • Tenants pay 100% of theoutgoings n addition to there rental • 1 & 2 are tenanted with the total net income for both leases combined is $66,000 P/A Net
O
PR
Sold - $1,030,000 [Agent - Emily Pendleton] ED
! ED ED NE AS TIES
LE OPER
E OR
M
AGENT PROFILES
1/35 Premier Circuit, WARANA
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.
• Tilt slab construction, extra high door access • High exposure site • Ample parking • 242m2 ground floor area including airconditioned reception, managers office, kitchen, toilet and shower • 117m2 large mezzanine for storage / floor area
PR
Leased - $37,500 PA [Agents - Emily Pendleton & Michael Shadforth] ED
! ED ED NE AS TIES
LE OPER R
MO
P RE
9A Daniel Street, CALOUNDRA WEST • 196m2 • 270 pallet cold room • Extra food preparation room available • Covered loading bay • Easy access off Caloundra Road • Good access to Bruce Highway and Sunshine • • Coast Hospital Precinct
Leased - $80,000 [Agents - Michael Shadforth & Emily Pendleton]
ARE YOU THINKING OF
SELLING OR LEASING? Speak to your local area experts today
Northern Corridor Group We don't wait, we hunt!
MICHAEL SHADFORTH 0488 981 076 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. 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.
PROPERTIES FOR SALE OR LEASE NORTHERN CORRIDOR GROUP
E DED AS S NEE E L IE
E DED AS S NEE E L IE
R RT FOPROPE
R RT FOPROPE
RE
RE
MO
MO
2/3 Machinery Avenue, WARANA
5B Technology Drive, WARANA
• Building 343m2* • Fully Air Conditioned • Amenities • Kitchenette with Lunch Area • High Clearance Roller Door • Parking on site • Rear concrete apron with shelter • High Quality Mezzanine Office fit out • High Bay Lights
• Building 260m2* • Rear Unit in Gated Complex • High Bay Lights • Amenities • High Clearance Roller Doors • Exclusive Parking • 300 Metres from Nicklin Way • $2,908 per month including outgoings
For Lease - $40,000 P/A Net Jordan Hayes & Michael Shadforth
D SE NEEDE A E S
For Lease - $34,896 P/A Gross Jordan Hayes & Michael Shadforth
D SE NEEDE A E S
R L RTIE FOPROPE
R L RTIE FOPROPE
RE
RE
MO
MO
2/31 Production Avenue, WARANA
10-12 Machinery Avenue, WARANA
• 188m2* • High clearance roller door • Open plan warehouse with small office/showroom • Rear covered storage area with roller door access • Internal amenities • Three phase power • Exclusive car parking available at rear of building for 4 cars, ample street car parking
• Four units remaining for lease (2, 3, 11 & 12) • Sizes from 192m2* to 207m2* with the ability to combines Lots 2 & 3 or 11 & 12 • Container high roller door access at 6.5 meters & separate personal access door • Two wide driveways and ample onsite car parks • 3 phase power to each shed • LED lighting • Internal amenities with onsite shower
For Lease - $22,560 P/A Net Emily Pendleton
For Lease - From $24,960 P/A Net 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
BLAKE PRIMROSE SALES & LEASING EXECUTIVE 0423 555 043 blake.primrose@raywhite.com
PINE RIVERS PETER LAURENT SALES & LEASING EXECUTIVE 0429 391 675 peter.laurent@raywhite.com
TREVOR NELSON-JONES SALES & LEASING EXECUTIVE 0407 736 521 trevor.nelson-jones@raywhite.com
JUMA MARSTELLA SALES & LEASING EXECUTIVE 0450 360 321 juma.marstella@raywhite.com
BROCKE HAMBRECHT SALES & LEASING EXECUTIVE 0466 599 724 brocke.hambrecht@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
raywhitecommercialnortherncorridorgroup.com.au
facebook.com/rwcncc
twitter.com/rwcncc
instagram.com/rwcncc