Northern Corridor Market Analysis - Moreton Bay Industrial

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

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Bribie Island

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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

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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

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EDISON CRESCENT

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Road

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m Wide

22m

29.0

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New

Road

Kallangur

Wide

Mango Hill

22m Wide

ROAD

New Road

40.0m

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BOULE VAR New Road

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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