Page 1

THE

PROSPECT

C om m e rc i a l S a l e s

|

C om m e rc i a l L e a s e s

A tempting selection of commercial property and business sales from the

GOLD AND TWEED COASTS

|

Business Sales


CONTENTS

Commercial Sales | Commercial Leases | Business Sales

FEATURED ARTICLES FEATURED ARTICLES

CASE STUDIES FEATURE PROPERTY COMMERCIAL SALES PG 6-7 PG 8 - 9 PG 10 - 14 CAREERS WITH US sales PRODUCTIVE MEETINGS CENTRAL TakeSOUTHPORT a moment to investigate the finer Pure Kirra on Musgrave Street is an A selection of our commercial PGS 16 PGS 8offering in an up and coming offerings details behind our recent successful incredible from all over the Gold and PGS 2-4 commercial real estate campaigns. Gold Coast suburb. Tweed Coasts. Ever wanted to know what a day Get the most out of your staff Get to know this incredible in hte life of a commercial real meetings. The latest research building in the heart of into making meetings productive estate agent involves? Southport. Ray White Commercial GC South


COMMERCIAL

OPPORTUNITES

COMMERCIAL SALES PGS 2 - 9

CONTENTS

Commercial Sales | Commercial Leases | Business Sales

COMMERCIAL OPPORTUNITIES

COMMERCIAL LEASES PGS 10 - 15

COMMERCIAL LEASES PG 18 - 19

CAREERS WITH US PG 15

BUSINESS SALES PG 15 - 17

Ray White Commercial GC South is a proactive, constantly evolving company; Join us!

Time to relocate your business or Make your unique mark on one BUSINESS SALES looking at starting a business? of these established businesses.

PGS 16 - 20


Commercial Sales

|

Commercial Leases

|

update

THE

PRINCIPAL

Business Sales

The Commercial Market across the Gold Coast is currently experiencing considerable growth.

Yields have tightened up substantially compared to this time last year. Some of the factors that have influenced this are the low interest rates, consumer confidence and a shortage of available properties. The Banks have lowered their interest rates which has in turn reduced the gap between vendor and buyer expectations. It has also encouraged cash buyers to move their money into bricks and water rather than have it idling in the bank. Consumer confidence is high due to buyers seeing the value in the market and the slight ease to access of funds. This is coupled with the interest we are now receiving from interstate investors. Major cities around Australia (Melbourne, Sydney and Brisbane) are realising that the Gold Coast is presenting much better value and is arguably 12-18 months behind their market place. This is driving up the demand, particularly for tenanted investments.

Overall, there are only positive signs across the Gold Coast Commercial Market.

With the influx of interstate buyers on the Gold Coast, there is a shortage of investments properties. This has lead to increased interest on many of the vacant properties. Vacancy rates are lowering and we are experiencing increased interest in all sectors, retail, commercial and industrial. Small business confidence contributes to this and what it means for the property market is a reduction in market incentives on leases. We are seeing less free rent and landlord contributions in leases over the past 3-4 months. Overall, there are only positive signs across the Gold Coast Commercial Market.

e

dg Jared Ho

Ray White Commercial GC South


Ray White Commercial Review Ray White is known to be a massive player within the real estate sector. In fact every hour Ray White sells $3 million worth of property, we call more auctions that any other real estate group, and we have 1,000 offices in 9 countries. Although you know how large our residential division is, what do you know about

the Commercial side of the company? Ray White Commercial has an extremely proactive and forward thinking approach to the continued growth of their commercial business. This is proven by the relationship they are actively building, and the research they continually conducting into the Chinese market.

Ray White Commercial visits China

R

ecently a group from the Corporate Ray White Commercial office travelled to Shanghai, Beijing and Guangzhou to meet with some of our key existing and prospecting clients and spent some time with the Ray White teams in Beijing and Guangzhou.

Brian, Stephen Girdis (White & Partners’ Sydney) Scott Timbrell (Commercial NSW), Sen Wang (China desk, Sydney) and Dan White visited and held over 15 meetings / functions with large Chinese developers, investment agency and companies. These companies included Wanda, Greenland, Country Garden, Vanke, SRE, Chiwayland, Longfor and R&F Corp, many of which are undertaking the largest development projects in Australia and New Zealand. The following are key insights from the meetings throughout the trip: • Despite having already invested significantly in our markets, all of these companies said that they were at very early stages of business development in Australia and New Zealand. Continued and increasing investment was a key part of their overall strategy. • Australia remains internationally competitive. The US remains the preferred country to invest in, though Australia with its lower dollar is viewed relatively well. • Construction companies are searching for opportunities to enter into The Australian market, preferably in joint ventures. The Ray White office in Beijing is forming a strong relationship with China’s largest real estate agency, Homelink. Homelink has over 5,000 offices throughout China! Every trip to China this year has reinforced the view that the integration of China and Australia is only at its infancy. China is now our largest trading partner, and our largest source of tourists. In Sydney, residents with Chinese ancestry represents 13% of the population, and growing. Whether China keeps growing or not, either way, we are going to grow closer and closer with China.

CHINESE Commercial Market - Ray White Review

Source: Ray White Commercial


CASE STUDIES RECENT COMMERCIAL REAL ESTATE ACTIVIT Y

CASE STUDY 1 TYPE: Commercial Sale SOUTHPORT, Southport Central 3007/ 9 Lawson Street, QLD Details: Current tenant: Sushi Restaurant. Lease term: 5 x 5 years. Size: 106 + 43m2. Net income: $68,320 + GST

CASE STUDY 1

Take a moment to investigate the finer details behind our successful campaigns Behind the scenes in most things in life, there is a lot more going on than most people can ever begin to imagine. This rings true in all aspects of commercial real estate. Take a quick look at three of our recent case studies.

Ray White Commercial GC South

Sale Method: POA Total Enquiries: 10 Total Inspections: 4 Contracts Issues: 2 Sale Price: $954,000 Listed Date: 17th March 2016 Sale Date: 4th May 2016 Agents: Tony and Adam Grbcic CASE STUDY 2 TYPE: Commercial Sale BURLEIGH HEADS 1863 Gold Coast Highway, Burleigh Heads, QLD Details: This freehold beach side commercial property includes 483m2 of net lettable tenancies over 3 levels on a 506m2 corner site. It is currently leased with seven tenancies providing a net income of approx $155,782.00 per annum. Very rare freehold commercial property. Sale Method: Auction Total enquiries:44 Total Inspections: 8 Offers: 4 Sale price: $2,050,000 Listed date: 25 January 2016 Sale date: 25 February 2016 Campaign total spend: $5,550.00 Agent: Greg Watson


7 F E AT U R E A RT IC L E | business CASE STUDY 2

CASE STUDY 3 TYPE: Business Sale MURWILLUMBAH, Imperial Hotel 115 Murwillumbah Street, NSW Details: A hotel prominently positioned close to all facilities in the centre of the Commercial and Retail precinct of Murwillumbah. Freestanding hotel on approx 2,540 m2 land Ground floor: 2 bars, bistro, restaurant, function rooms 20 guest rooms and 3 bedroom manager’s residence Sale Method: Auction Total Inspections: 11 Contracts Issues: 6 Sale Price: $835,000 Listed Date: 30th February 2016 Sale Date: 21st April 2016 Campaign total spend: $11,229.00 Total Enquiry: 25 Agent: Darren Jones CASE STUDY 3


FEATURED

COMMERCIAL PROPERTY

H

alf Sold, Half Amazing, Pure Kirra Commercial Precinct. 5 Superior Tenancies Fronting Musgrave St. •

Offered in one line

4 out of the 5 are tenanted

Rental guarantee in place for the vacant lot

Lettable area: 338sqm + 109sqm al fresco

Returning $249,550 * NET

1 dedicated level of secure basement parking

Mix of cafe/ restaurant & boutique retail tenants

KIRRA 28 Musgrave Street, ‘Pure Kirra’

Makes for a lucrative holding investment

Fronting the world famous Kirra Beach, this precinct is nestled at the northern gateway of the rapidly growing suburb of Coolangatta. Approximately 1.5km from the Gold Coast Airport and 25km south of Surfers Paradise with easy access to Gold Coast Highway and the Pacific Motorway.

Sale Price $3,495,000 Size 50m2 - 94m2 * Jared Hodge 0404 809 580 jared.hodge@raywhite.com Tanaka Jabangwe 0449 048 779 tanaka.jabangwe@raywhite.com

Ray White Commercial GC South

WELCOME TO KIRRA! Musgrave Street in Kirra is quickly cementing itself as one of the coolest little strips on the Coast. Dotted with new trendy cafes, restaurants and shops that are bustling with locals, tourist’s and people from all over the Coast who come down for the day, to soak up the laid back atmosphere.


9 COMMERCIAL SALES | feature property

A weekend stroll along Musgrave Street and the friendly vibe is instantly apparent, as a broad mixture of people visit their favourite cafe spots. Across the road young families gather, large groups of cyclists zip past on their morning ride, woman fresh from yoga class pop in for a

peppermint tea and retired couples settle into their favourite position with the morning paper. A quick walk around to Coolangatta on the boardwalk or along the beach and if the conditions are right watch as world champion surfers catch waves.

The feeling on Musgrave Street is one of growth and a great indication of things to come.

| Dining | Shopping | Beach | Coffee | 28 Musgrave Street | Pure Kirra Ray White Commercial GC South


COMMERCIAL SALES

New Listings Tenanted Investments Southport 56 Scarborough Street Situated in Southport, the epicenter of the Commonwealth Games and the Gold Coast’s Central Business District, here lays the opportunity to purchase a range of tenanted investments throughout the Southport Central Retail Precinct. Lot 303 & 304 Tenant: Bank (national brand) Lease Term: 5 years Size: 107.5m2 Net Income: $68,700 + GST Lot 3007 Tenant: Sushi Restaurant D Lease Term: 5 L years SO Size: 106m2 + 43m2 Net Income: $68,320 + GST Lot 2007 Tenant: Real Estate Office Lease Term: 7 years Size: 68m2 + 20m2 Net Income: $37,207 + GST Lot 2010 Tenant: Government Funded Agency Lease Term: 3 years Size: 93m2 Net Income: $53,000 + GST

Sale Contact Agent

Size (Ranging from) 68m2 + 20m2 to 106m2 + 43m2 Property ID 1448137

Tony Grbcic 0407 968 667 tony.grbcic@raywhite.com

Adam Grbcic 0404 087 772 adam.grbcic@raywhite.com

Ray White Commercial GC South

These properties have been cherry picked, with secure leases and well trading tenants.


C OMMERCIAL SALES - AUCTION

11

Tenanted Investment

Southport 9 Lawson Street Situated in Southport Central, Tower 3, this property comprises of 4 lots adjoined to create a 409m2 area and has been purpose built to cater for educational/ training colleges. The property is currently tenanted by Lifetime International, who are a well established training college that have been operating in Southport for many years. The Investment Opportunity includes:

Auction Details: Saturday 18th June 2016 at 10:00am Twin Towns, Tweed Heads Property ID 1400570

Tony Grbcic 0407 968 667 tony.grbcic@raywhite.com

Adam Grbcic 0404 087 772 adam.grbcic@raywhite.com

Ray White Commercial GC South

409m2 made up of 4 titles

Brand New 3 + 3 + 3 year lease

Net Income $102,000 + GST p.a

High Security and Bond

High Quality Fit Out

COMMERCIAL SALES

Owner Requires Immediate Sale - Auction


COMMERCIAL SALES

COMMERCIAL SALES

Beachside Holding in Palm Beach Palm Beach 1383-1385 Gold Coast Hwy This site provides 815m2 of beach side land on 2 titles with redevelopment potential. It currently houses a very popular high quality restaurant, plus an older style beach cottage, providing a substantial holding income. • • • •

815m2 Beach side on two titles Corner site with permanent ocean views Includes a restaurant plus beach cottage Substantial holding income

Sale

Many redevelopment opportunities

The property is located on the beach side of the Gold Coast Highway in the North Palm Beach neighbourhood centre, with permanent ocean views from it’s corner position. Walk to the beach, cafes and shops with public transport at the front door. Vendor is keen to leave the redeveloping to a motivated buyer.

Offers Over $3,000,000 Greg Watson 0417 757 442 greg.watson@raywhite.com Manfred Makauskas 0418 756 084 manfred.makauskas@raywhite.com

Ray White Commercial GC South


Murwillumbah Hotel

Murwillumbah 17-23 Wharf Street

Located amongst the ‘cafe precinct’ of town with close proximity to all that Murwillumbah has to offer. Free standing two storey hotel with retail component offered for sale and comprises the following. •

Land area 1,650m2 * zoned Commercial

NLA approx 1,532m2 *

7 retail shops, a bar and 17 hotel rooms and 3-4 bedroom manager residence

Multi tenanted investment with Net income of approx $300,000

Fully refurbished approx 2 years ago

Owner committed elsewhere

Sale

Offers to Purchase Closing Thursday 16th June at 4 pm Assi Dadon 0415 598 588 assi.dadon@raywhite.com

COMMERCIAL SALES Motel and 4x Apartments in One Line

Palm Beach 1026 Gold Coast Highway

Located at the Southern end of Palm Beach are these two properties being offered for sale in one line. Included is an 18 room Motel on 1194m2 of land plus 4 strata titled 2 x bedroom units on 526m2 land. The property is located on the Gold Coast Highway at the Southern end of Palm Beach within easy walking distance to beautiful beaches, parks, clubs, restaurants, cafes, Currumbin estuary and Palm Beach Currumbin High School.

Sale

Fully operating 18 x room motel with reception and 2 bedroom managers residence

Full brick/ suspended slab construction

4 brick veneer 2 x bedroom apartments currently set up for holiday letting

All fully furnished and air-conditioned

Offers to Purchase Greg Watson 0417 757 442 greg.watson@raywhite.com

Ray White Commercial GC South

COMMERCIAL SALES

It is with pleasure we are able to offer for sale the Murwillumbah Hotel by way of Offers to Purchase.

13


COMMERCIAL SALES

435sqm Retail Investment Murwillumbah 112 Main Street

• • • • • • •

366sqm ground floor + 69sqm mezzanine Ideal Investment opportunity with strong lease potential Positioned in the middle of Murwillumbah’s CBD Dual street access, loading bay, mezzanine storage, wide frontage and huge retail area On-site toilets An ideal space for a variety of businesses An opportunity not to be missed

Must be sold at Auction or before Auction

Details: Saturday 18th June 2016 at 10:00am Twin Towns, Tweed Heads

Dru Morgan 0418 185 484 dru.morgan@raywhite.com

COMMERCIAL SALES COMMERCIAL SALES An amazing opportunity exists to purchase 3 industrial units in Burleigh Heads. Buy 1, 2 or all 3. Unit 1 •

Brand new lease in place

2x2 year term returning $31,680pa

202sqm + stunning office facilities

Unit 2 •

Available vacant possession

188sqm + ground floor reception area

Immaculate presentation, previously pharmaceutical

Unit 3

Boundaries Indicative Only

Amazing Opportunity

Tenanted Investment

Lease in place expiring December 2018

Returning $28,599* pa

186sqm open plan

Burleigh Heads Units 1,2,3/1 Bee Court Surrounded by national retailers such as Bunnings, McDonalds, Red Rooster, Subway, Chemist Warehouse, National Australia Bank, Kennard’s Storage, Total Tools, and within walking distance of Treetops Shopping centre and the proposed Urbia Burleigh Development.

Auction Details: 16th June 2016 at 11am Gold Coast Turf Club, Racecourse Drive, Bundall

Adam Roberts 0422 443 565 Adam Young 0424 191 252 adam.roberts@raywhite.com

Ray White Commercial GC South

a.young@rwsp.net


15

A career in Commercial Real Estate is rewarding and challenging

“You will either step forward into growth or you will step back into saftey” Abraham Maslow We choose GROWTH!

BUSINESS SALES

Takeway Food Franchise Opportunity

Brisbane CBD After a marriage break up the owner has informed us that he must sell. This highly successful and very profitable food franchise in Brisbane’s CBD has ranked as one fo the top revenue stores in QLD for the past 7 years. This truly is an outstanding opportunity! •

Very well established store, over 10 years operating in the current site

Minimum EBITDA $250,000 per annum for the past 5 years under management

Sale Price $550,000 + Stock ($5,000 approx) Rod Jessen 0424 196 010 rod.jessen@raywhite.com

Ray White Commercial GC South

Whether you are just beginning to think about becoming a commercial real estate agent, or you are already established in the industry; you will never regret taking the step to join our team. REACH YOUR HIGHEST EARNING POTENTIAL A successful real estate company needs streamlined and time efficient systems, so the agents can be out doing what they do best, listing, selling and leasing. This ultimately results in your highest possible earning potential and job satisfaction. This is exactly what we offer to every member of the Ray White Commercial GC South team. PICK UP THE PHONE NOW You will never regret beginning your career with the Ray White GC South Network. Contact our Recruitment Officer today on (07) 5535 050.

C O M M E R C I A L R E A L E STAT E CA R E E R S

Ray White Commercial GC South is part of a proactive, constantly evolving and driven real estate team.


BUSINESS SALES

HEALTH AND NUTRITION BUSINESS

D

ynamic Northern NSW Retail Health & Nutrition Business

If you love a healthy lifestyle and are looking for a great opportunity to step into an established health and nutrition business then look no further.

This well established business is a proven success with annual sales of approximately $700,000 and a strong net return to the owner.

On Offer:

With highly trained staff in place, the owner needs only to contribute approx two days per week. The shop has a high quality fit-out and is located in a well known shopping centre in a prime position.

Annual sales of approx $700,000

Strong return to owner

Highly trained staff

Experience in this industry is not essential as all training can be provided by the current owner along with a working handover period if needs be.

Ray White Commercial GC South

This established business features

Sale Price $195,000 + stock (approx $95,000) Dru Morgan 0418 185 484 dru.morgan@raywhite.com


BUSINESS SALES

Highly Successful Cafe Kingscliff

The cafe has a Liquor license 7am - 9pm, with average weekly takings of $10,000 and an annual turnover of approximately $500,000. It is a very organised cafe with an excellently equipped kitchen and well trained, enthusiastic staff. The business has a fabulous reputation built around top quality DiBella coffee, delicious, wholesome, house cooked food and fast, friendly service. Selling 25kg coffee a week. • • •

Well established with great staff in place Owner retiring Seats 75 patrons

Sale Price $189,000 + stock (approx $3,000) Dru Morgan 0418 185 484 dru.morgan@raywhite.com

BUSINESS SALES

Boutique Liquor Business Norhern NSW If you have a passion for fine wines and excellent liquors then this well established boutique bottle shop could be for you. The business is ideally suited to a person with a strong interest in boutique liquors. It has established a very strong reputation in the area for its excellent service and product knowledge. The business currently shows sales of approx $600,000 pa and a net return to the owner of approx $150,000 pa. The shop itself has an excellent fit-out in a prime location. Full training can be offered to an incoming buyer.

Sale Price $595,000 + stock (approx $65,000) Dru Morgan 0418 185 484 dru.morgan@raywhite.com

Ray White Commercial GC South

17 BUSINESS SALES

This well established Kingscliff cafe has a fantastic location with an excellent high exposure setting. This business is an air conditioned, all weather venue cafe established in 2007. The business is supported by a stable, local, repeat customer base and tourists all year round and is a short stroll to the magnificent Kingcliff Beach.


COMMERCIAL LEASES

COMMERCIAL LEASES

R AY W H I T E C O M M E R C IA L G C S O U T H of 10 report from a client. As part of the Ray White customer experience strategy, feedback is sought from clients in an email survey and agents are given a net promoter score (NPS). The NPS is a simple metric that represents how likely a client would be to refer the agent to other people with a 10 the highest score possible and an indication the customer would be highly likely to recommend the agent. “The customer satisfaction program is about putting the customer at the heart of everything we do, and measuring how well we are servicing our customers,” said Ray White Director and CEO Dan White.

Top 10s Galore For Ray White Commercial GC South Ray White Commercial GC South agents have collected a swag of perfect scores from clients in the latest Ray White customer satisfaction surveys. Darren Jones and Assi Dadon both achieved multiple perfect scores while colleague Adam Grbcic also recorded a 10 out

Ray White Commercial GC South

“We are using the program as a part of our Ray White customer experience strategy because we know that great customer service is intrinsic to business growth and profitability.” Darren Jones was acknowledged by the vendor following the sale of a Tweed Heads South property for his “very prompt service” and “wide knowledge”. The vendor of a Murwillumbah property said after the sale that Assi Dadon achieved “the best possible price” and represented the seller to “the highest degree”, while Adam Grbcic was complimented for his “professionalism” by a happy Burleigh Heads client.


Brand New Medical/ Office/ Retail Precinct Coming Soon! Palm Beach 43 Palm Beach Avenue A variety of tenancy sizes on offer. Early enquiries are encouraged to configure your desired tenancy to your specifications.

FIRST FLOOR 458m2 Office Space Can be partitioned to suit your requirements SECOND FLOOR: WHOLE LEVEL LEASED 29 secure basement parking spaces + ground level on-site.

Lease From $450/sqm + outgoings + GST Size 82m2 + *

Tanaka Jabangwe 0449 048 779 tanaka.jabangwe@raywhite.com Mark Jessen 0410 439 950 mark.jessen@raywhite.com

COMMERCIAL LEASES - PROPERT Y LEASED White Commercial GC South. Mr Grbcic said Bistro@Kurrawa has taken up a long term lease of the property, which has an internal area of approximately 153 sqm including a 130 sqm licensed area. “This new restaurant is sure to be a major draw card to the Victoria Square Precinct at Broadbeach,” he said. “The operator has big plans for the site in the Broadbeach Mall and we have been working with them for several months to get all the approvals for the proposed works.” Adam Grbcic said the Broadbeach Mall is situated in the heart of the iconic Broadbeach tourist and retail precinct and is close to Jupiter’s Casino and one of the largest shopping centres in the Southern Hemisphere, Pacific Fair.

Bistro@Kurrawa Broadbeach Site Bistro@Kurrawa has secured premises in the heart of the bustling Broadbeach CBD on the Gold Coast. The property at Lot 18-20/15 Victoria Avenue, Broadbeach, has been leased in a deal negotiated by Adam Grbcic of Ray

Ray White Commercial GC South

“Broadbeach is the Gold Coast’s favourite retail/dining precinct and is an attractive tourist location for interstate and international travellers,” he said. Bistro@Kurrawa has taken up a 5 + 5 + 5 + 5 + 5 year lease at a gross rental of approximately $180,000 per annum.

COMMERCIAL LEASES

GROUND FLOOR Suite 1 : Leased Suite 2: 82m2 Suite 3: 88m2

19


Gold Coast Retail Sales In our last edition of the Ray White Commercial GC South Magazine, we reported on commercial sales activity in the Office and Industrial sectors on the Gold Coast. The sales data below is from the same period, but focuses on the Retail sale.

Retail Date

Address

City

Internal Area

Land in m2

Jul-15

5/7 Brown Street

Labrador

70

-

$380,000

-

Jul-15

T1 56 Scarborough Street

Southport

44

-

$435,000

-

Jul-15

2 Grice Avenue

Paradise Point

60

-

$350,000

7.14%

Jul-15

Robina Quays

Robina

66

-

$315,000

-

Jul-15

2 Bell Place

Mudgeeraba

3,650

8,013

$13,500,000

-

Aug-15

20-22 Scarborough Street

Southport

113

-

$630,000

7.94%

Aug-15

43 Hillcrest Parade

Miami

-

817

$865,000

8.78%

Sep-15

15-17 Park Avenue

Burleigh Heads

731

8,210

$7,315,000

5.40%

Sep-15

14 Bruce Avenue

Paradise Point

200

-

$1,685,000

-

Sep-15

3-5 Cottonwood Place

Oxenford

1,998

4,275

$9,600,000

7.10%

Oct-15

45 Lemana Lane

Miami

481

581

$520,000

6.50%

Oct-15

8/172Scarborough Street

Southport

-

405

$1,650,000

-

Oct-15

141 Maudsland Road

Oxenford

2,267

7,526

$8,920,000

7.20%

Nov-15

L42/ 5-11 Woodroffe Avenue

Main Beach

209

-

$2,800,000

7.28%

Sale Price

Yield

S o u t h e r n G o l d C o a s t & Tw e e d S h i r e

Ray White Commercial GC South

stats

MARKET

Source: Ray White Commercial


Gold Coast Office Market Overview Vanessa Rader Ray White Commercial The vacancy position of the Gold Coast has been steadily improving over the past few years after the total market result peaked at 23.3% in July 2010 falling to its current low of 13.6% in January 2016 (OMR Jan-16). Some markets have fared better than others, with the best performer this period being Broadbeach recording vacancies of just 3.7% however Varsity Lakes/Robina have witnessed a dramatic drop in vacancies from 28.7% during January 2010 to its current low of 6.9%. Southport is home to approximately 150,000sqm of office stock has been steady over the past few years despite the disruption to the city with the light rail development; despite this completion this market has shown increase of vacancy to a three year high of 15.5%. The Gold Coast rental market has shown some bright shoots with the total vacancy position improving over the last couple of years. Post GFC rents saw a significant decline as incentive levels grew to over 30% putting even more pressure on an already low effective rent position. As incentive levels improved so have effective rents keeping face rents reasonably stable until mid 2015. Over the last 12 months the prime net face rent grew by 2.24% while the secondary market has outperformed increasing by 3.17% as demand for affordable space continues. Incentives for prime stock are in the 20%-25% range with gross face rents averaging $365/sqm while secondary property remains affordable averaging $260/sqm. Despite the low interest environment and improvement in the greater Gold Coast office market, interest in the strata office market has been limited. Transaction levels for 2015 are well down on 2014 results with $20.024 million changing hands across 49 transactions well spread across the region for the 2015 calendar year. Despite this limited turnover this period, the capital value position has shown favourable results during 2015.

Current average values across the total Gold Coast market have shown some rebound to $3,330/sqm after dipping to the low of $2,640/sqm in 2012; this still well behind the highs achieved pre GFC which averaged $5,390/sqm. The Varsity Lakes/Robina market also resulted in an immediate fall in values post GFC falling from $5,280/sqm in 2008 to $4,440/sqm the following year, a stable value was achievable for this region the following years before falling more recently and now on the improve up 9.95% this year averaging $3,787/ sqm. Southport too has shown good increase up 7.95% to $3,106/sqm; Surfers/Broadbeach and Burleigh/ Coolangatta results are positive albeit off a small sample size recording $2,976/sqm and $3,013/sqm respectively.

Strata Capital Values By Precinct ($/sqm)

Source: Cityscope, PIMS, Ray White


GC South Team

Jared Hodge

Nikki Murray

Tara Imlach

Michelle Jones

Principal

E.A to Jared Hodge

Commercial Administrator

Commercial Administrator

+61 7 5535 0500 +61 404 809 580 jared.hodge@raywhite.com

+61 7 5535 0500 +61 487 406 549 n.murray@raywhite.com

+61 7 5535 0500 commercial.jsh@raywhite.com

+61 7 5535 0500 commercialadmin.jsh@raywhite.com

Adam Grbcic

Adam Roberts

Assi Dadon

Brendan Morgan

Commercial Sales/Leasing

Commercial Sales/ Leasing

Commercial Sales & Leasing

Business Broker

+61 7 5535 0500 +61 404 087 772 adam.grbcic@raywhite.com

Darren Jones Commercial Sales/Leasing +61 7 5535 0500 +61 402 188 648 darren.jones@raywhite.com

+61 7 5535 0500 +61 422 443 565 adam.roberts@raywhite.com

+61 7 5535 0500 +61 415 598 588 assi.dadon@raywhite.com

+61 7 5535 0500 +61 411 410 099 brendan.morgan@raywhite.com

Dru Morgan

Greg Watson

Neil Johnston

Business & Commercial

Commercial Sales/ Leasing

Commercial Sales/Leasing

Sales/ Leasing

+61 7 5535 0500 +61 418 185 484 dru.morgan@raywhite.com

+61 7 5535 0500 +61 417 757 442 greg.watson@raywhite.com

+61 7 5535 0500 +61 411 988 998 neil.johnston@raywhite.com

Rod Jessen

Sandra Dobson

Tanaka Jabangwe

Tony Grbcic

Business & Commercial Sales/Leasing

Commercial Sales/Leasing

Commercial Sales/Leasing

Commercial Sales/ Leasing

+61 7 5535 0500 +61 424 196 010 rod.jessen@raywhite.com

+61 7 5535 0500 +61 409 266 495 sandra.dobson@raywhite.com

Ray White Commercial GC South

+61 7 5535 0500 +61 449 048 779 tanaka.jabangwe@raywhite.com

+61 7 5535 0500 +61 407 968 667 tony.grbcic@raywhite.com


Commercial GC South Commercial Sales Commercial Leases Commercial Management

Southport

Ray White Commercial P +7 5535 0500 Level 1, 2 Classic Way, Burleigh Waters QLD, 4220

Surfers Paradise

Mermaid Beach

Business Brokers

Gold Coast

Burleigh Waters Palm Beach

Ray White Business Brokers P +7 5535 0500 Level 1, 2 Classic Way, Burleigh Waters QLD, 4220

Coolangatta Tweed Heads

Banora

Ray White

Kingscliff

Commercial GC South is part of the greater Ray White GC South Network

Casuarina

Murwillumbah

Ray White Burleigh Waters Ray White Palm Beach Ray White Coolangatta/ Tweed Heads Ray White Banora Ray White Kingscliff/ Casuarina Ray White Cabarita Beach/ Pottsville Ray White Rural Murwillumbah

Cabarita Beach

Pottsville

Ray White Commercial South Ray White Commercial GCGC South

Delivering Excellence Byron Bay


Partner with Ray White Commercial GC South Get the best of both worlds with local boutique service with the exposure and expertise of a larger business structure At Ray White Commercial GC South we pride ourselves on providing a higher level of service, or as we like to say, “Delivering Excellence�. Our Commercial Asset Management Team are experienced in all facets of Commercial Property Management, and manage everything from cafes and restaurants to industrial units and large retail centres.

We believe that to offer a truly comprehensive Commercial Asset Management service, you need to know the market you are dealing with. Our team have lived and worked on the Gold & Tweed Coasts for many years and have developed a deep understanding of the area. We take time to get to know each precinct, so we understand what type of business would suit best. We also take care in selecting the right tenant for you and your property.

Commercial Asset Elke Robertson

Fionnagh Bruce

Caroline Thompson

Asset Manager

Asset Manager Assistant

Trust Account Manager

+61 7 5535 0500 +61 400 983 883 commercialpm.jsh@raywhite.com

+61 7 5535 0500 fionnagh.bruce@raywhite.com

Ray White Commercial GC South

+61 7 5559 9700 caroline.thompson@raywhite.com

Management

P +7 5535 0500 commercialpm.jsh@raywhite.com Level 1, 2 Classic Way, Burleigh Waters QLD, 4220

The Prospect June 2016  
The Prospect June 2016  

A selection of commercial sales, leases and business sales from Ray White GC South

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