SEPT 2020
MARKET ANALYSIS NORTHERN CORRIDOR INDUSTRIAL
RAY WHITE COMMERCIAL PROFIT FROM OUR EXPERIENCE
IT’S TIME
THE RACE IS ON TO SATISFY THE GROWING POPULATION OF THE NORTHERN CORRIDOR
WHY INVEST IN THE NORTHERN CORRIDOR'S INDUSTRIAL MARKET?
THE DEMAND
• 88,300 new homes required in Moreton Bay over the next 22 years • Projected population growth in same period from 459,600 to 690,000 residents - more than the state of Tasmania • Extensive residential master planned communities already earmarked and undergoing approval process by the likes of Stockland and AV Jennings • Post-COVID domestic migration from southern states predicted to accelerate initial projections • Sub-$750,000 median house price in the region has resulted in higher than average stimulus from the HomeBuilder grant • Recent elections have produced an invigorated local council with a clear mandate to facilitate the creation of employment and lifestyle opportunities within the Moreton Bay region.
ONE TEAM - FOUR LOCATIONS
THE SUPPLY ISSUE
• Currently less than 10ha of serviced, titled, General Industry land on the market within 20km of Corporate Park East. • Currently one General Industry lot available under $280m2 within 20km • No new General Industry parcels of consequential scale currently being developed north of Brendale (20km south) • Key future industry parcels of Elimbah East and North Harbour currently undergoing MCU applications to transition to residential and mixed use development • Corporate Park East Stage 1 is 84% sold and Stage 2 is 60% sold off-plan • Motorway Business Park (Light Industry) is 63% sold off-plan • Caboolture's adjoining Corporate Park Estate is currently at 92% occupancy • No Buildings over 5,000m2 available for lease or sale within 20kms
Caloundra Aura
Bruce Highw ay
REGIONAL DEVELOPMENT
D
’A g
ui
lar
Bribie Island
H ig
hw ay
Elimbah East Corporate Park East Caboolture West North Harbour
North Lakes Petrie Mill
Port of Brisbane Brisbane City
POTTER ROAD
22m Wide New Road
EDISON CRESCENT
EDISON CRESCENT
HANCOCK WAY
25m Wide New Road
Road
22m Wide New Road
22m Wide New Road
MATHESON STREET
PACKER ROAD
Road
22m Wide New Road
CARNEGIE STREET
Road
Dakabin
35m Wide New Road
GRAF DRIVE
New
EDISO 22m N CR Wide
22m Wide New Road
22m Wide New Road
Road
ESCE NT
25m Wide New Road
22m Wide New Road
Deception Bay
y Hw
35m Wide New Road
BELLS
22m Wide New Road
GRAF DRIVE
ART
EDISON CRESCE 22m Wide New Road NT
(PROPOS
STRONG STREET
HANCOCK WAY
ED COR ERIAL RIDOR)
CREEK
22m Wide New Road
ABELES STREET
22m Wide New Road
25m Wide New Road
Road
POTTER ROAD
22m Wide New Road
ce Bru
PRATT LANE 10m Wide New Laneway
PACKER ROAD
STRONG STREET
22m Wide New Road
22m Wide New Road
22m Wide New Road
POTTER ROAD
22m Wide New Road
ue
EDISON CRESCENT
New
Wide
IVE
Road
AU R
49. 0m
A
New
GR 30.0
AF
DR
New
IVE
Road
Wide
Ro
New
ad
Road
m Wide
22m
29.0
RO
AD
New
Road
Kallangur
Wide
Mango Hill
22m Wide
ROAD
New Road
40.0m
AURA
BOULE VAR New Road
D
m Wide
An za
DR
BO ULE e New Roa V d A RD
AF
m Wide
Wid
30.0
25m
GR
PA
CK
ER
Road
cA ven
RO
AD
22m Wide New Road
ROAD Wide
New
Road
AU
RA
BO
UL
EV AR
D
22m
SOUTHERN SUNSHINE COAST - 30 MINS
NORTH LAKES - 12 MINS
Stockland’s Aura development is a $9 billion next generation community set to accommodate more than 50,000 residents and provide demand for 20,000 new jobs.
This business precinct encompassing Narangba and North Lakes has consistently ranked among the fastest growing regions in the country.
When combined with the adjoining Harmony and Palmview developments, 76,000 new residents are expected to call the southern Sunshine Coast home.
North Lakes recently received the status of the Australia’s est master planned community by the Property Council of Australia. Home to almost 25,000 people and providing 15,000 jobs, this is now recognised as “the new centre”, servicing the growing population between Brisbane and the Sunshine Coast.
As Australia’s 10th largest significant urban area, and Queensland’s third, doing business on the Sunshine Coast means you’ll have access to an untapped, growing and prosperous new customer base.
The marquee surrounding tenants speak volumes to the quality of this precinct as a key logistics hub for the north.
D’Aguilar Hwy
Development Value estimation
$9.5b Caboolture LOW HILLS
Caboolture River Rd
ELIMBAH EAST - 5 MINS
CABOOLTURE WEST “THE SLEEPING GIANT” - 10 MINS
The proposal outlines that the 243.47ha site will be transformed into 2,403 residential dwellings over the next fifteen years, as the future land use need emerges.
Located just ten minutes from Parcel 5 is Caboolture West, a 3,480ha parcel earmarked to house more than 68,000 new residents. This is a larger population than Rockhampton and would be the eighth largest city in Queensland.
It is intended that the mixed use development proposal will see commercial, residential, community and environmental areas and local centres integrated within the master plan.
ONE TEAM - FOUR LOCATIONS
The development is now being fast tracked, with the first 8,700 homes expected to be d elivered in the next three years. Developers with significant holdings in Caboolture West include Stockland, Avid, Brookfield and AV Jennings.
NORTHERN CORRIDOR INDUSTRIAL MARKET THROUGH COVID
The rebound of the industrial market across the Northern Corridor began in late April and accelerated quickly through May, with June yielding the highest volume of lease and sale transactions in our group's history. It is interesting to not that industrial businesses made up less than 6% of those that have requested rental relief assistance through COVID.
INSPECTIONS
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
OFFERS
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
DEALS
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
ENQUIRY
Construction related services have been driving the smaller end of the market, while manufacturing, food production and distribution have accounted for the larger property transactions.
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
NORTHERN CORRIDOR GROUP LEASED SUMMARY
Address Packer Road Hancock Way 'Aspect' Beerwah Parade Geo Hawkins Crescent 'Stellar' Metier Linkway Kelly Court Kayleigh Drive Pasturage Road Lear Jet Drive Aerodrome Road Cessna Drive Cessna Drive Cessna Drive Aerodrome Road Aerodrome Road Aerodrome Road Aerodrome Road Aerodrome Road Daniel Street Redcliffe Gardens Drive Access Crescent Lysaght Street Imboon Street Fishermans Road Hoopers Road Hitech Drive Paisley Drive Runway Drive Runway Drive Sugar Road Newspaper Place Progress Road Progress Road Depot Street Windsor Road Windsor Road Brookes Street Business Drive Premier Circuit Cordwell Road Cordwell Road Simpson Street Point Cartwright Drive Lindsay Road King Street Aerodrome Road Focal Avenue Glen Court Emporio Place Sixth Avenue Sixth Avenue Brisbane Road Woomba Place Dickson Road Windsor Road O'Loan Street Nicklin Way Ipswich Road Gympie Road Gawain Road Glen Kyle Drive Glen Kyle Drive Chinook Street Norval Court Sixth Avenue Brisbane Road Morayfield Road Morayfield Road Attenuata Drive Currie Street Currie Street Redcliffe Parade Sutton Street Dixon Street Lincoln Street Nicklin Way
ONE TEAM - FOUR LOCATIONS
Suburb Baringa Baringa Beerwah Bells Creek Birtinya Buderim Buderim Caboolture Caboolture Caboolture Caboolture Caboolture Caboolture Caboolture Caboolture Caboolture Caboolture Caboolture Caloundra West Clontarf Coolum Beach Coolum Beach Deception Bay Kuluin Kunda Park Kunda Park Lawnton Marcoola Marcoola Maroochydore Maroochydore Maroochydore Maroochydore Maroochydore Nambour Nambour Nambour Narangba Warana Yandina Yandina Beerwah Buddina Buderim Caboolture Caboolture Coolum Beach Marcoola Maroochydore Maroochydore Maroochydore Mooloolaba Mooloolaba Morayfield Nambour Petrie Warana Annerley Aspley Bracken Ridge Buderim Buderim Everton Hills Maroochydore Maroochydore Mooloolaba Morayfield Morayfield Mountain Creek Nambour Nambour Redcliffe Redcliffe Strathpine Strathpine Warana
Type Industrial Industrial Industrial Industrial Industrial Industrial Industrial Industrial Industrial Industrial Industrial Industrial Industrial Industrial Industrial Industrial Industrial Industrial Industrial Industrial Industrial Industrial Industrial Industrial Industrial Industrial Industrial Industrial Industrial Industrial Industrial Industrial Industrial Industrial Industrial Industrial Industrial Industrial Industrial Industrial Industrial Office Office Office Office Office Office Office Office Office Office Office Office Office Office Office Office Retail Retail Retail Retail Retail Retail Retail Retail Retail Retail Retail Retail Retail Retail Retail Retail Retail Retail Retail
Size 521 141 142 170 260 388 107 1340 512 527 321 321 237 108 54 20 40 40 368 750 852 623 1145 145 294 179 424 320 180 203 250 170 170 180 958 450 68 307 262 343 100 25 40 35 603 12.5 49 168 130 96 74 151.6 162 80 130 85 324 135 46 45 80 60 110 276 25 89 400 80 125 86 69 80 60 320 138 176
Rent $70,335 $11,629 $14,000 $20,400 $35,000 $50,000 $12,000 $174,200 $70,909 $64,000 $40,000 $38,520 $30,000 $18,600 $9,840 $8,280 $8,280 $8,160 $52,015 $82,500 $182,083 $73,888 $114,870 $22,500 $35,280 $17,900 $40,800 $40,000 $20,500 $34,492 $21,440 $18,700 $18,700 $15,600 $72,000 $55,350 $10,000 $33,770 $27,510 $18,200 $14,400 $3,250 $9,996 $10,500 $220,000 $5,400 $7,350 $11,400 $45,500 $32,946 $31,000 $55,044 $54,000 $24,000 $16,500 $22,800 $24,000 $39,800 $10,800 $8,500 $28,000 $15,338 $20,800 $41,845 $13,000 $24,000 $60,000 $43,200 $31,200 $60,000 $10,000 $23,636 $15,600 $54,000 $14,400 $30,000
Rent m2 $135 $83 $99 $120 $135 $129 $112 $130 $138 $121 $125 $120 $127 $172 $182 $414 $207 $204 $141 $110 $214 $119 $100 $155 $120 $100 $96 $125 $114 $170 $86 $110 $110 $87 $75 $123 $147 $110 $105 $53 $144 $130 $250 $300 $365 $432 $150 $68 $350 $343 $419 $363 $333 $300 $127 $268 $74 $295 $235 $189 $350 $256 $189 $152 $520 $270 $150 $540 $250 $698 $145 $295 $260 $169 $104 $170
NORTHERN CORRIDOR GROUP SOLD SUMMARY
ADDRESS
SUBURB
TYPE
PRICE
Lear Jet Drive
Caboolture
Industrial
$850,000
Hancock Way 'Exposure'
Bells Creek
Industrial
$625,000
Business Drive
Narangba
Industrial
$589,325
Henzell Road
Caboolture
Industrial
$525,000
Price Street
Nambour
Industrial
$475,000
Baylink Avenue
Deception Bay
Industrial
$465,000
Quanda Road
Coolum Beach
Industrial
$400,000
Skyreach Street
Caboolture
Industrial
$365,000
Endeavour Drive
Kunda Park
Industrial
$360,000
Endeavour Drive
Kunda Park
Industrial
$360,000
Hitech Drive
Kunda Park
Industrial
$350,000
Endeavour Drive
Kunda Park
Industrial
$285,000
Kayleigh Drive
Buderim
Industrial
$260,000
Quanda Road
Coolum Beach
Industrial
$250,000
Corporate Park East
Caboolture
Land
$1,804,339
Caloundra Street
Landsborough
Land
$1,100,000
Gympie Road
Lawnton
Land
$650,000
Edison Crescent 'Aura'
Baringa
Land
$280,000
Morayfield Road
Morayfield
Office
$2,600,000
Alexandra Parade
Alexandra Headland
Office
$419,000
Glen Court
Marcoola
Office
$112,500
Brisbane Road
Monkland
Retail
$1,925,000
Leanne Crescent
Lawnton
Retail
$1,450,000
Currie Street
Nambour
Retail
$1,000,000
Regatta Boulevard
Birtinya
Retail
$867,650
Brisbane Road
Mooloolaba
Retail
$735,000
Scholars Drive
Sippy Downs
Retail
$420,000
Currie Street
Nambour
Retail
$220,000
Sixth Avenue
Maroochydore
Retail
$160,000
Pomona Tewantin
Noosa Heads Sunshine Beach
Cooroy
ONE TEAM 4 LOCATIONS
Eumundi
Peregian Beach
North Arm
Coolum Beach
Ninderry Kenilworth
Marcoola Bli Bli
Mapleton
Maroochydore
Montville
Buderim
Palmwoods
Witta
Eudlo
Mooloolaba Warana
Sippy Downs
Conondale Maleny Mooloolah
Currimundi
Landsborough Peachester
Booroobin
1 ELITE TEAM 4 LOCATIONS SUNSHINE COAST Level 1 172 BRISBANE ROAD Mooloolaba, QLD 4557
MORETON BAY Unit 3 125 Morayfield Road Morayfield, QLD 4506
Bellthorpe
Cedarton
MORAYFIELD Unit 9 113-137 Morayfield Road Morayfield, QLD 4506
Glass House Mountains
Stanmore
Stony Creek
North Bribie Island
Woodford Neurum D’Aguilar Bracalba Mount Delaney Delaneys Creek Wamaran Basin Mount Mee
Wamuran Basin
Elimbah
Banksia Beach
Burpengary East
Burpengary Deception Bay
Narangba
Scarborough North Lakes
Whiteside
Samsonvale Kobble Creek Cashmere Mount Samson Mount Glorious Yugar
Beachmere
Kallangur Petrie Lawnton
Newport Redcliffe
Clontarf
Strathpine
Brendale
Bald Hills
Eatons Hill
Samford Valley
Carseldine Albany Creek Aspley
Banyo Chermside Arana Hills Nunda Camp Mountain Mitchelton
Wights Mountain
Woorim Sandstone point Bongaree
Morayfield
Rush Creek Dayboro Laceys Creek
Toorbul
Caboolture
Caboolture South
Moorina
King Scrub
Donnybrook
Ningi
Bellmere
Rocksberg
Mount Nebo
ONE TEAM - FOUR LOCATIONS
Welsby
Moodlu
Campbells Pocket
Mount Pleasant
PINE RIVERS Suite 13, Level 1 104 Gympie Road Strathpine, QLD 4500
Caloundra
LEGAL INFORMATION North Coast Commercial Properties Pty Ltd, ACN 615 941 430, trading as Ray White Commercial Northern Corridor Group (“we, us�) have prepared this report as a means of adopting a starting point for an organised strategy for the sale / lease of this property. We make no representation or warranty as to the accuracy, reliability or completeness of the information relating to the property. Some information has been obtained from third parties and has not been independently verified. Accordingly, no warranty, representation or undertaking, whether express or implied, is made and no responsibility is accepted by us as to the accuracy of any part of this report, or any further information supplied by or on our behalf, whether orally or in writing. No entity or person guarantees the performance of the property. This information is general information only and does not considers your individual objectives, financial situation or needs. We recommend that you obtain financial, legal and taxation advice before making any decision. Any price is not a valuation and should not be relied on or treated as such. If a valuation is required, we recommend that you obtain the advice of a registered valuer. The Prices, if indicated, have been estimated based on recent market evidence in the locality for comparable properties, to the extent available. Prices may not include GST. Marketing strategies are suggested in accordance with the marketing budget you have set. No guarantee or warranty is given that any or any combination of, strategies will produce a given result or level of result and all marketing fees and outlays are at your cost (unless agreed otherwise). We reserve the right to revise pricing or any marketing strategy at any time and from time to time, based on market influencers. This document has been prepared for the use only of the party to whom it is addressed (as stated in this document) and we accept no responsibility or liability to any other party who might use or rely on this report and its contents in whole or part. Ray White Commercial Northern Corridor Group 3/125 Morayfield Road, Morayfield QLD 4506 E | raywhitecommercial.com P | 1300 255 072 Š 2018 Australia North Coast Commercial Properties Pty Ltd Current as at November 2018 ACN 615 941 430
PINE RIVERS
SUNSHINE COAST
MORETON BAY
ONE TEAM - FOUR LOCATIONS
CHRIS MASSIE DIRECTOR - COMMERCIAL PRINCIPAL 0412 490 840 chris.massie@raywhite.com
ASHLEY REES DIRECTOR - SENIOR ANALYST 0411 707 410 ashley.rees@raywhite.com
AARON CANAVAN ASSOCIATE DIRECTOR 0447 744 948 aaron.canavan@raywhite.com
BLAKE PRIMROSE SENIOR SALES & LEASING EXECUTIVE 0423 555 043 blake.primrose@raywhite.com
MICHAELA WEBB PERSONAL ASSISTANT TO CHRIS MASSIE 0409 202 066 michaela.webb@raywhite.com
SHAYNA KIRK GROUP EXECUTIVE ASSISTANT 0433 574 694 shayna.kirk@raywhite.com
MICHAEL SHADFORTH DIRECTOR - COMMERCIAL PRINCIPAL 0488 981 076 michael.shadforth@raywhite.com
BLAKE WEIGEL SALES ASSOCIATE 0434 552 331 blake.weigel@raywhite.com
JULIE RYAN MAJOR ASSET SALES 0447 445 453 julie.ryan@raywhite.com
SAMUEL HOY SALES & LEASING EXECUTIVE 0423 795 273 samuel.hoy@raywhite.com
EMILY PENDLETON ASSOCIATE DIRECTOR 0402 435 446 emily.pendleton@raywhite.com
DAVID GOLDSWORTHY SALES & LEASING EXECUTIVE 0481 996 794 david.goldsworthy@raywhite.com
CHRISTINE FRENEY SALES & LEASING EXECUTIVE 0432 170 380 christine.freney@raywhite.com
DWAINE BATHERN SALES & LEASING ASSOCIATE 0499 568 419 dwaine.bathern@raywhite.com
BROCKE HAMBRECHT SALES MANAGER & AUCTIONEER 0466 599 724 brocke.hambrecht@raywhite.com
SEAN SKEFFINGTON SALES & LEASING EXECUTIVE 0422 587 143 sean.skeffington@raywhite.com
TREVOR NELSON-JONES SALES & LEASING EXECUTIVE 0407 736 521 trevor.nelson-jones@raywhite.com
LUKE HOBMAN SALES & LEASING EXECUTIVE 0434 053 164 luke.hobman@raywhite.com
ROB DAWSON SALES & LEASING EXECUTIVE 0422 786 205 rob.dawson@raywhite.com
STACI TOBIN ADMINISTRATION ASSISTANT 0466 248 654 staci_tobin@raywhite.com
PROPERTY MANAGEMENT