SUNSHINE COAST OFFICE
FOR LEASE [SEE PAGE 3] 2/10 Aerodrome Road, Maroochydore
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
SUNSHINE COAST OFFICE
NORTHERN CORRIDOR GROUP
2/10 AERODROME ROAD, MAROOCHYDORE D SE NEEDE A E S
R L RTIE FOPROPE RE
MO
Quality Office Space Opposite Maroochydore Beach Situated directly opposite Maroochydore Beach and a short distance to Maroochydore CBD. This office space provides for a high quality fitout in an A' grade location. The building itself has been recently brought to life, with a brand new coffee shop downstairs and only one other company in the building.
• 6 offices • Boardroom • Kitchenette • Bathroom amenities • Air conditioning • 2 allocated car spaces + ample road parking • Great signage opportunities (huge exposure!)
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 OFFICE PROPERTIES LAST QUARTER Size
Quantity
THIS QUARTER Annual Rent/m2
Size
Quantity
Annual Rent/m2
0-200
77
$346
0-200
91
$300
200-500
13
$262
200-500
263
$213
500+
5
$290
500+
0
0
FOR SALE - NEW OFFICE PROPERTIES LAST QUARTER Size
Quantity
THIS QUARTER Annual Sale/m2
Size
Quantity
Annual Sale/m2
0-200
11
$4,300
0-200
18
$4,553
200-500
8
$3,590
200-500
5
$2,716
500+
1
EOI
500+
1
$3,165
SUNSHINE COAST OFFICE 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
NET / GROSS
-
-
Sale
9/188 Alexandra Parade
Alexandra Headland
99m2
$9,596
Lease
149-151 Brisbane Road
Mooloolaba
56m
2
-
$285
Net
Lease
23 Currie Street
Nambour
208m2
-
$120
Net
Lease
34-40 Howard Street
Nambour
72m2
-
$228
Gross
Lease
First 8/256 Nicklin Way
Warana
66m
2
-
$291
Gross
Lease
1/8 First Avenue
Maroochydore
88m
2
-
$320
Net
Lease
3/106 Sixth Avenue
Maroochydore
96m2
-
$363
Net
Lease
7/33-37 The Esplanade
Maroochydore
93m2
Lease
1/156 Alexandra Parade
Alexandra Headland
Lease
1/2-6 Focal Avenue
Coolum Beach
Lease
10/1 Windsor Road
Lease
2/10 Aerodrome Road
-
$380
Net
110m
2
-
$579
Net
49m
2
-
$200
Net
Nambour
130m2
-
$63
Gross
Maroochydore
158m2
-
$290
Net
SOLD OR LEASED STATUS
ADDRESS
SUBURB
NLAM2
SALE $/M2)
LEASE $/M2
Leased
5/106 Currie Street
Nambour
31m2
-
$105
Leased
9/68 Simpson Street
Beerwah
10m2
-
$520
Leased
5/167-171 Brisbane Road
Mooloolaba
84m
2
-
$230
Leased
54-56 Blackall Terrace
Nambour
157m
-
$242
Leased
2/14-22 Howard Street
Nambour
51m2
-
$153
Sold
1/32 Aerodrome Road
Maroochydore
189m2
$3,836
-
Sold
17 Wyreema Terrace
Caloundra
329m
$3,799
-
Sold
18/21 Nicklin Way
Buddina
87m
$4,138
-
Sold
4/77 Mooloolaba Esplanade
Mooloolaba
227m2
$4,405
-
2
2
2
CASE STUDY
NORTHERN CORRIDOR GROUP
D!
E OR
M
ED
ED
E SN
L E SOPERTI
TYPE OFFICE STRATA
O
PR
ADDRESS 7/37 THE ESPLANADE MAROOCHYDORE Q 4558
LISTED 11 APRIL 2019
SOLD 17 MAY 2019
INSPECTIONS 3
OFFERS 1
INVESTMENT STOCK IN HIGH DEMAND! The sale of 7/37 The Esplanade, Maroochydore is a prime example of the high demand for quality investment stock and having the ability to meet the rental demand in the area. Sold in just over 30 days to a local owner, who will now tenant out the property to meet the demand for good quality office space in the Cotton Tree/Maroochydore region. This high profile, well positioned building offered 93m² of professional office space, located on Level 2, boasting functional workspace, reception area, fully equipped kitchen, boardroom and further breakout spaces.
MARKETING $2,012
SALE PRICE $460,000
The fit out and location met the requirements we have for a lot of tenants being open plan, with a balcony, beautiful view of the water and was accessible via a lift, which is also really high on the wish list for investors. We expect the property to be rented before settlement in 30 days, and are already servicing enquiry. If you have property that is vacant, or coming vacant in the next 6 months please contact Emily to discuss your options as you might be pleasantly surprised of the value it presents in the current market!
EMILY PENDLETON 0402 435 446
SALES & LEASING EXECUTIVE
RECENT NOTEWORTHY TRANSACTIONS NORTHERN CORRIDOR GROUP
ED
! EED LD ES N SO ERTI M
1/32 Aerodrome Road, MAROOCHYDORE • Total floor area of 189m2 • Combined with 114m2 ground floor, 69m2 first floor and a 6m2 exclusive use rear balcony area • Ample onsite car parking • Office area fitted with adaptable corporate office fit-out • Internal amenities upstairs and downstairs
OP
PR
E OR
AGENT PROFILES
Sold - $725,000 [Agent - Emily Pendleton]
JORDAN HAYES 0417 999 331
SALES & LEASING EXECUTIVE ED
D! EED SE ES N EA ERTI
L
RE
MO
P
P RO
5/106 Currie Street, NAMBOUR • Two tenancies - 31m² or 56m² • First floor office suites • Perfect for professional service tenants wanting to be positioned in the heart of Nambour CBD • Very affordable rental with outgoings included to make for one easily monthly rental payment • Term of lease is flexible
Leased - POA [Agent - Emily Pendleton]
ARE YOU THINKING OF
SELLING OR LEASING? Speak to your local area experts today
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.
Northern Corridor Group We don't wait, we hunt!
WHAT'S YOUR NEXT MOVE?
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
SE D EA NEEDE L R S
IE E OOPERT L A R
S
RE
MO
P
E DED AS S NEE E L IE
R RT FOPROPE RE
MO
17/27 Evans Street, MAROOCHYDORE
2 & 3/106 sixth Avenue, MAROOCHYDORE
• 55m2* space • Ample natural light throughout • Secure basement car parking plus on-site parking • Signage opportunities available • Excellent exposure to main road, complex is neighbouring the Sunshine Plaza • Carpeted & ducted air-conditioning throughout • Both lift & stairwell access available
• 85m²* & 96m²* - 181m²* total (can be rented together or separately) • Ducted air-conditioning • Quality existing fit out and floor coverings • Kitchenette facilities • Use of all recreational facilities including pool, gym, steam room and spa • 3 exclusive car parks each (6 in total) • Change room & shower facilities
Sale 199,000 + GST I Lease $14,500 P/A Net Emily Pendleton
ED LE NEED A S ES
R TI FO ROPER
RE
MO
P
For Lease - From $33,746 P/A Net Emily Pendleton
D SE NEEDE A E S
R L RTIE FOPROPE RE
MO
2 & 5/4-6 Innovation Parkway, BIRTINYA
15/21 Nicklin Way, BUDDINA
• Unit 2 - 266m²* & Unit 5 - 135m²* • Two offices are situated in the heart of the emerging Birtinya office & medical precinct • Quality fitout in place ready for new businesses to move in and start operating • Formal reception areas, offices, meeting rooms and open plan spaces. • 15 allocated car parks and secure lift access
• 805m2* Building • Main road exposure • A Grade fit out • Entire top floor position • Stunning water views • 15 car spaces plus 3 car garage • Perfectly positioned between the coast's two largest growing regions, and adjacent to the newly expanded Kawana Shopping World
For Sale - Contact Agent Jordan Hayes & Michael Shadforth
For Lease - $185,000 + Outgoings + GST Jordan Hayes & Michael Shadforth
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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