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CENTRAL SUNSHINE COAST RETAIL EXPERTS
FOR SALE (SEE PAGE 4) 3&4/81 SIXTH AVENUE, 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
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 RETAIL SUMMARY - LEASED & SOLD COMMERCIAL PROPERTY
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Demand for smaller retail has been strong this quarter, primarily driven by personal services business such as hairdressers, massage and nail salons. 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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652 DAVID LOW WAY, PACIFIC PARADISE
6/102 BURNETT STREET, BUDERIM
54-56 BLACKALL TERRACE, NAMBOUR
• 79m²* Premise • Direct frontage to one of the Sunshine Coast's busiest roads
• 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
SOLD | JORDAN HAYES | MICHAEL SHADFORTH
SOLD | EMILY PENDLETON
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113 CURRIE STREET, NAMBOUR
2/5-9 LAKESHORE AVENUE, BUDERIM
199 BRISBANE ROAD, MOOLOOLABA
• 278m²* Fully equipped restaurant with kitchen & bar liquor license • On site amenities & air-conditioned
• 194m²* • Grease trap connection available • Large open plan retail display area
• 63m²* of ground floor retail space, with a good quality office fit out • Excellent signage opportunities
LEASED | EMILY PENDLETON | BLAKE PRIMROSE
LEASED | EMILY PENDLETON
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10A/110 SIXTH AVENUE, MAROOCHYDORE
3/110 SIXTH AVENUE, MAROOCHYDORE
13 ROSEBED STREET, EUDLO
• 32m²* renovated internally, includes a kitchenette and glass frontage allowing maximize exposure
• 28m²* Premise • Parking on street front • Sixth Avenue + Aerodrome Road exposure
• 52m²* space on ground floor • Health & Wellness Business hub of Eudlo • Kitchenette
LEASED | JORDAN HAYES | MICHAEL SHADFORTH
LEASED | JORDAN HAYES | MICHAEL SHADFORTH
LEASED | JORDAN HAYES | MICHAEL SHADFORTH
For a full list of current opportunities for sale or lease visit raywhitecommercialnortherncorridorgroup.com.au
SALES 2019 AVERAGE
* Property outlines, sizes & landmarks indicative
RENT 2019 AVERAGE
SIZE
FIRST QUARTER
SECOND QUARTER
THIS QUARTER
SIZE
FIRST QUARTER
SECOND QUARTER
THIS QUARTER
0-200m2
13
23
22
0-200m2
$393/m²
$472/m²
$411/m2
200-500m2
6
8
6
200-500m2
$190/m²
$236/m²
$220/m2
>500m2
1
8
4
>500m2
NA
$151/m²
$112/m2
AGENTS TOP PICK
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FOR SALE - Expressions of Interest Closing 4pm Thursday 12 Sept
3 & 4/81 SIXTH AVENUE, MAROOCHYDORE
MODERN, FLEXIBLE GROUND FLOOR SPACE WITH HUGE INCOME | MAROOCHYDORE/COTTON TREE
• Lot 3 - 53m2* | Lot 4 - 55m2*
Extraordinary opportunity exists to own two lots in a prestigious modern building of Elouera Towers in a beach front location situated in Cotton Tree, Maroochydore.
• Exclusive and ample visitor car parking
This property has ample opportunities, particularly for the allied health service industry with the ability to purchase and occupy one to two rooms yourself. For further information please contact agents Emily Pendleton 0402 435 446 or Julie Ryan 0447 445 453
• Perfect for the Allied Health Service Industry or investor • Minutes walking distance to the beach • Multiple entry points with a functional fit-out • Sinks to some rooms • A receptionist to assist with bookings, payments, cleaning and day to day tasks
RETAIL
A TIME OF CHANGE
It is no surprise that the retail sector is in a time of rapid change and those who are thriving are finding new and profitable ways to engage with clients, customers and staff. We see business thinking differently about their space needs. Some of those changes are because of the availability of new and interesting space and others because of a change in thinking. As an example, in the recent past when considering retail space, much focus has been on the ability to attract and hold a shopper’s interest. While that remains important, the ability to attract and retain talent is now a big part of retail sector thinking (as it is with office space).
* Property outlines, sizes & landmarks indicative
SUNSHINE COAST RETAIL EXPERTS - FOR SALE & LEASE COMMERCIAL PROPERTY
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3/1740-1744 DAVID LOW WAY, COOLUM BEACH
15/224-226 DAVID LOW WAY, PEREGIAN BEACH
9/188 ALEXANDRA PARADE, ALEXANDRA HEADLAND
• 267m2* • Situated within a high profile, beautifully presented resort on Coolum Beach front
• Modern complex with beautiful fit-out • Signage opportunities with excellent exposure to David Low Way
• Warehouse Size: 165m²*, ground floor office/showroom: 100m²*, mezzanine offices 91m²* with conference room closed office space
$1,060,000 | EMILY
SALE $811,000 | LEASE $56,341 P/A | EMILY
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74-84 CURRIE STREET, NAMBOUR
1/1 CAPITAL PLACE, BIRTINYA
22/121 MOOLOOLABA ESPLANADE, MOOLOOLABA
• 1,222m2* Land area • 580m2* ground floor restaurant/bar area • Fully licensed including large beer garden
• 15 Exclusive use car parking spaces • High exposure signage to Kawana Way • 762m2 Ideal for gym or large retailer
• High foot traffic location • Great exposure •V isibility to the Esplanade
$15,875 P/M NET | JORDAN | MICHAEL
$65,000 P/A NET | EMILY | DWAINE
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$5,375 P/M NET | EMILY | MICHAEL
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61-65 SIXTH AVENUE, MAROOCHYDORE
6/180 ALEXANDRA PARADE, ALEXANDRA HEADLAND
14/14 AERODROME ROAD, MAROOCHYDORE
• Expressions of interest closing Thursday 5 September at 4pm • 156m2* Modern building close to beach
• 91m2* of primely located retail space • High- exposure sight • Great signage opportunities
• 192m²* internal space plus 36m2* private tiled courtyard • Dual access from the street and Sebel foyer
EOI | EMILY | JULIE
$38,000 P/A NET | EMILY
For a full list of current opportunities for sale or lease visit raywhitecommercialnortherncorridorgroup.com.au
“Great staff who feel they are fortunate to work in a particular business are much more likely to give better quality customer experiences than those who feel the opposite” according to Julie Ryan and Emily Pendleton (Northern Corridor Group Retail Team). It makes sense that happy staff are more likely to give the kind of positive customer experience that brings about increased productivity. . “Excellent natural light, the ability to walk to somewhere nice when on a break, and just being somewhere they are proud to work really drives who people choose to work for.”
“When we are discussing requirements with retail prospects, it is common they have a Pinterest account and have been pinning ‘interesting ideas’ for the design and fitout of their new space. Owners who keep their space fresh and relevant to the modern worker are attracting tenants faster than those who are not.” Julie Ryan | 0447 445 453 Emily Pendleton | 0402 435 446
$67,200 P/A NET | EMILY * Property outlines, sizes & landmarks indicative
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. 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
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LISTED FEBRUARY 2019 SOLD UNIT 11 – 21 JULY 2019 UNIT 16 – 22 APRIL 2019
SMALL RETAIL IN HIGH DEMAND BY INVESTORS Emily Pendleton took these three individual strata- titled units within the Centrepoint Arcade to market on the first week in February. From the beginning of the campaign it was evident that there was strong enquiry for small retail with a small percent being owner occupiers but the most enquiry deriving from investors.
UNIT 17 – 25 MAY 2019
SALE PRICE UNIT 11 - $115,000 UNIT 16 - $125,000 UNIT 17 - $150,000
Emily was able to demonstrate that even though the properties where vacant, at an affordable rental the buyer would see yields in excess of 7% which was very attractive. This resulted in the sale of all three units being sold to three individual buyers, all investors. The properties have since all been taken to market for lease, with the front unit 17 being leased within 30 days of settlement at a low rental with the owner still seeing an 8.5% return. There is significant interest in units 16 & 17 and we expect these to rent just as quick. These sales are a prime example of the demand for small strata investment stock, and the demand for personal service tenants in these precincts. If you have a property coming up for a lease renewal, or are thinking about what your property might be worth in todays market contact Emily Pendleton – your local area expert!
EMILY PENDLETON 0402 435 446
SALES & LEASING EXECUTIVE
SUNSHINE COAST RETAIL EXPERTS
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1/1 HEIDI STREET, KULUIN • 60m2* Building space • Corner location, complimented with beautiful glass wrap around windows • Excellent signage opportunities so your shop can be seen from the road • Positioned in the centre of the Maroochydore CBD
LEASED | EMILY
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19/13 MOOLOOLABA ESPLANADE, MOOLOOLABA • 44m2* Space • High foot traffic location on Mooloolaba Esplanade • Great exposure and visibility at this busy waterfront location • 44m2* retail space with change rooms to the rear
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.
LEASED | 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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