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SUNSHINE COAST OFFICE EXPERTS
FOR SALE OR LEASE (SEE PAGE 4) 7/33-37 THE ESPLANADE, 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
3 RD QUARTER 2019
WELCOME
The squashing of concerns around negative gearing and two successive interest rate adjustments have added confidence to an already robust investor market. Appetite is particularly strong for multitenanted freehold properties, regardless of tenant covenants. We suspect this is in response to continued lender focus on buyer serviceability and risk mitigation.
A word from Michael The Sunshine Coast was not immune to the election and extended Easter Anzac period that really put the brakes on any pro-active business decision making across the region for most of the second quarter of this year. The positive rebound since the election has more than made up for this temporary dip, with notable increases in activity across most market sectors. This was reflected across the Ray White Commercial group nationally, with June comfortably ending as the most productive month of the financial year, up 12% on 2018.
How we measure
UP
A big congratulations to Emily Pendleton, who reached Elite status for the financial year, which places her in the top 3% of agents in the Ray White group! This is a great achievement and testament to her dedication. Infrastructure investment across the Sunshine Coast continues to buoy investor and business sentiment. All lead indicators imply the region is nearing a market peak, with strong market conditions expected to maintain through to the next benchmark of the 2020 US election. It is truly an exciting time for commercial property across the Northern Corridor.
Michael Shadforth Commercial Principal
2019 2ND QUARTER sales & leasing results
Q2 Sales $17,125,610 5 Industrial 6 Retail 5 Office
25 TOTAL SALES
8 Land 1 Other
Q2 Leases $2,453,676 17 Industrial 22 Retail 14 Office 4 Land 2 Other
59 TOTAL LEASED
NCG DEPARTMENT HEADS
CHRIS MASSIE MORAYFIELD COMMERCIAL PRINCIPAL 0412 490 840
ASHLEY REES SENIOR PROPERTY ANALYST 0411 707 410
PAUL LUMTIN EXECUTIVE DIRECTOR 0428 222 620
GUY UPCHURCH DIRECTOR OF ASSET MANAGEMENT 0410 614 240
BROCKE HAMBRECHT SALES & LEASING EXECUTIVE & GROUP AUCTIONEER 0466 599 724
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SUNSHINE COAST OFFICE SUMMARY - LEASED & SOLD COMMERCIAL PROPERTY
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Allied health requirements are trending towards smaller offices with more focus on traveling to provide in-home services. Traditional high foot traffic locations like Mooloolaba Esplanade continue to struggle as businesses chose convenience and "virtual" social media exposure over physical exposure. Fit out costs are increasing as retailers need to provide an experience, rather than just cheap prices, to compete with online shopping alternatives. ED
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5/61-63 PRIMARY SCHOOL COURT, MAROOCHYDORE
6/102 BURNETT STREET, BUDERIM
54-56 BLACKALL TERRACE, NAMBOUR
• Reception, offices, boardroom, open plan space, kitchenette and storage • Lift access & 10 allocated car spaces
• 37m²* retail space located on the ground floor within a two level, well presented and well maintained strata-titled complex
• 157m²* internal floor area • 4,237m²* block of land • Commercial & Health-Hub Zoning
$965,000 | JORDAN HAYES | MICHAEL SHADFORTH
$218,000 | EMILY PENDLETON
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4/149-151 BRISBANE ROAD, MOOLOOLABA
2/128-130 ALEXANDRA PARADE, ALEXANDRA HEADLAND
LEVEL 1 5/167-171 BRISBANE ROAD,MOOLOOLABA
• Two tenancies located on the first floor • One tenancy located on the ground floor • Lease spaces as a whole or separately
• 46m²* • Ground floor with good signage exposure • Ample parking with 2 exclusive onsite parks
• 84m2* of well fitted-out with individual offices, boardroom, reception, kitchen/ lunchroom, and additional filing/storage area
$17,500 P/A GROSS | EMILY PENDLETON
$19,316 P/A GROSS | EMILY PENDLETON
$15,960 P/A NET | EMILY | DWAINE D
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1/32 AERODROME ROAD, MAROOCHYDORE
LEVEL 1, 8 FIRST AVENUE, MAROOCHYDORE
2/14-22 HOWARD STREET, NAMBOUR
• A total floor area of 189m²* • Combined with 114m²* ground floor, 69m²* first floor and a 6m²* exclusive rear balcony area
• 28m²* Premise • Parking on street front • Sixth Avenue + Aerodrome Road exposure
• Only 1.2km* to the Nambour Hospital, which is set to have a 90million dollar upgrade Unbeatable rental incentives
$725,000 | EMILY PENDLETON
LEASED CONTACT AGENT | EMILY PENDLETON
$7,800 P/A NET | EMILY PENDLETON
For a full list of current opportunities for sale or lease visit raywhitecommercialnortherncorridorgroup.com.au
OFFICE SALES 2019 COMMERCIAL
* Property outlines, sizes & landmarks indicative
OFFICE AVERAGE RENT 2019 COMMERCIAL
SIZE
FIRST QUARTER
SECOND QUARTER
THIS QUARTER
SIZE
FIRST QUARTER
SECOND QUARTER
THIS QUARTER
0-200m2
11
18
9
0-200m2
$346/m²
$300/m²
$379/m2
200-500m2
8
5
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$262/m²
$213/m²
$239/m2
>500m2
1
1
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>500m2
$290/m²
NA
$310/m2
AGENTS TOP PICK
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FOR SALE $460,000 + GST | FOR LEASE $36,400 P/A Net PROFESSIONAL OFFICE SUITE IN COTTON TREE WATERFRONT LOCATION The location of this professional office/consulting suite is in an unbeatable location, opposite the beach and in walking distance to amenities including the court house, post office, council chambers, banks, Sunshine Plaza and the new Maroochydore CBD. For further information please contact marketing agent Emily Pendleton | 0402 435 446 | emily.pendleton@raywhite.com
7/33-37 THE ESPLANADE, MAROOCHYDORE
• 93m2* + shared balcony with one other tenant • Located on Level 1 with access via lift • Secure undercover car parking with one exclusive car park • Located in the heart of Maroochydore, on Cotton Tree Esplanade • Boasts outstanding water views • Situated in a prime position central to the court house, council chambers banks, post office and the new Maroochydore CBD • The office is internally fitted out really well, but not structural so modifications can be made
ARE YOU THINKING OF
SELLING OR LEASING? Speak to your local area experts today
Northern Corridor Group We don't wait, we hunt!
* Property outlines, sizes & landmarks indicative
SUNSHINE COAST OFFICE EXPERTS - FOR SALE & LEASE COMMERCIAL PROPERTY
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5/156-158 ALEXANDRA PARADE, ALEXANDRA HEADLAND
1/3 WOOMBA PLACE, MOOLOOLABA
10/87 MOOLOOLABA ESPLANADE, MOOLOOLABA
• 114m²* • Reception and waiting area with 2 entrances, at least 5 separate offices
• 162m²* • Reception/waiting area, 5 individual offices (or meeting rooms) and boardroom
• 124m2* of high quality office space • 3 Parking spaces available • Ample natural light
$425,000 + GST | $31,495 P/A GROSS | EMILY
$64,800 P/A NET | EMILY
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1-3&6/60 WISES ROAD, MAROOCHYDORE
3/2 OTRANTO AVENUE, CALOUNDRA
1/2-6 FOCAL AVENUE, COOLUM BEACH
• 161m2* • 144m2* First floor with access via lift/stairs • Close to the Sunshine Motorway
• 6 Exclusive parking spaces • Public parking across the street • Kitchenette with dishwasher
• 49m2* • Signage opportunities • 2 x exclusive parks + street parking
$35,000 P/A NET | JORDAN | MICHAEL
FROM $47,495 P/A NET | EMILY D SE EDE EA IES NE L T R
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2/10 AERODROME ROAD, MAROOCHYDORE
5/4-6 INNOVATION PARKWAY, BIRTINYA
3/106 SIXTH AVENUE, MAROOCHYDORE
• 6 offices • Boardroom, kitchenette & bathroom amenities • 2 allocated car spaces
• 135m2* • These offices provide a high level of amenity with formal reception areas & meeting rooms
• 96m²* Ducted air-conditioning • Quality existing fit out and floor coverings • Kitchenette facilities
$47,250 P/A NET | JORDAN | MICHAEL
$34,846 P/A NET | EMILY
$45,820 P/A NET | JORDAN | MICHAEL
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For a full list of current opportunities for sale or lease visit raywhitecommercialnortherncorridorgroup.com.au
* Property outlines, sizes & landmarks indicative
DEDICATED SERVICE We manage your property like it’s our own... We constantly look at strategic value-add initiatives to improve your property’s capital value and our specialist management team negotiates on your behalf to generate maximum return to you for every lease and tenancy, always focusing on improving your yield.
Contact Guy Upchurch Director of Asset Management today on 0410 614 240 to discuss your next move
PROPERTY OWNERS INSIGHT / NEWS ARTICLE
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. 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.
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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!
COMPETITI CREATORS ON How Ray White Com mercial creates the competition sells your asset for mor that e
BLENDING OF OFFICE & RETAIL SPACE As both the office and retail markets change traditional lines of what makes each type of property fit one or the other is blurring at the edges. “In what would traditionally have been pure retail space, we are finding allied health, gyms and the like.” according to the retail team Emily Pendelton and Julie Ryan. “Similarly, spaces that we would previously have seen as ‘offices’ are often being used for online retail and medical.”
This trend is across both sales and leasing with the greatest demand being in free-standing single occupier space for health/allied health tenants. Second to that is strata-title space, providing outgoings are reasonable. The rates being paid for good locations are in the $4,500m² to $5,000m². Car parking remains an important issue for most. “The single greatest difference we have seen in the past year is that being in a top location (such as Alexandra Parade or Sixth Avenue) is more important than affordability.
People are looking for spaces that their clients, customers and staff want to be in.” With the rise of co-working spaces, properties such as our featured allied health freehold and business below “Active Living” is a first-rate example of modern co-work for allied health professionals in a beautiful location with the beach at the end of the street. Julie Ryan | 0447 445 453 Emily Pendleton | 0402 435 446
3 & 4/81 SIXTH AVENUE, MAROOCHYDORE • Perfect for the Allied Health Service Industry or a savvy investor • Exclusive and ample visitor car parking • Minutes walking distance to the beach • Multiple entry points This property is being sold by the way of Expressions of Interest closing Thursday 12 Sept at 4pm
SUNSHINE COAST OFFICE EXPERTS
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2/128-130 ALEXANDRA PARADE • 46m2* • Ground floor with good signage exposure • Ample surrounding car parking with 2 exclusive onsite parks • Directly opposite the beach, walking distance to the surf life saving flags
LEASED | EMILY
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61-65 SIXTH AVENUE, MAROOCHYDORE • 156m2* • Multiple uses approved including medical, retail, office or hospitality • Exclusive use outdoor area available • Exclusive and ample visitor 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, a traineeship in Insurance Broking Management and she is currently studying for a BA degree in Property Economics and Development at the University of the Sunshine Coast.
FOR SALE | EMILY
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23-27 EDISON CRESCENT 'GATEWAY' BELLS CREEK • High quality, high exposure development • This site presents the rare opportunity to enter a market ahead of your competition. With four tenancies ranging from 445m²* - 625m²* and the ability to adapt a customised floor plan if required
FOR LEASE | JULIE | JORDAN
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774 GYMPIE ROAD, LAWNTON • Fully tenanted investment in highly visible location • Situated at the intersection of two major roads fronting Gympie Road • Tenants include: Dulux Trade Centre, Wheelhouse Coffee, Crow n Arrow & Anytime Fitness
JULIE RYAN 0447 445 453
MA JOR A SSET & RETA IL 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.”
UNDER OFFER | JULIE * Property outlines, sizes & landmarks indicative
MICHAEL SHADFORTH DIRECTOR 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 LEASING ASSOCIATE TO EMILY PENDLETON 0499 568 419 dwaine.bathern@raywhite.com
DAVID GOLDSWORTHY SALES & LEASING ASSOCIATE 0481 996 794 david.goldsworthy@raywhite.com
CHRIS MASSIE DIRECTOR 0412 490 840 chris.massie@raywhite.com
BROCKE HAMBRECHT SALES & LEASING EXECUTIVE 0466 599 724 brocke.hambrecht@raywhite.com
ASHLEY REES SENIOR PROPERTY 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
ROB DAWSON SALES & LEASING ASSOCIATE 0422 786 205 rob.dawson@raywhite.com
BLAKE PRIMROSE SALES & LEASING ASSOCIATE 0423 555 043 blake.primrose@raywhite.com
CHRISTINE FRENEY SALES & LEASING EXECUTIVE 0432 170 380 christine.freney@raywhite.com
PINE RIVERS
MORETON BAY
SUNSHINE COAST
OUR TEAM
MICHAELA WEBB PA & ASSOCIATE TO CHRIS MASSIE 0409 202 066 michaela.webb@raywhite.com
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GUY UPCHURCH DIRECTOR OF ASSET MANAGEMENT 0410 614 240 guy.upchurch@raywhite.com
PINE RIVERS
MORETON BAY
SUNSHINE COAST
Level 1, 104 Gympie Road Strathpine, QLD 4500
3/125 Morayfield Road Morayfield QLD 4506
1/172 Brisbane Road Mooloolaba QLD 4557
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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