In The Know - Redcliffe Peninsula 2019 Q1| Ray White Commercial | Northern Corridor Group

REDCLIFFE PENINSULAR

CHRIS MASSIE COMMERCIAL PRINCIPAL 0412 490 840

ASHLEY REES SENIOR SALES & LEASING 0411 707 410

AARON CANAVAN SALES & LEASING EXECUTIVE 0447 744 948

BLAKE PRIMROSE LEASING ASSOCIATE 0423 555 043

MORETON BAY

SUNSHINE COAST

PINE RIVERS

3/125 Morayfield Road Morayfield QLD 4506

1/172 Brisbane Road Mooloolaba QLD 4557

Level 1, 104 Gympie Road Strathpine, QLD 4500

T 1300 255 075 F 1300 778 887

T 1300 255 075 F 1300 778 887

T 1300 255 075 F 1300 778 887

ONE TEAM - THREE LOCATIONS

1 ST QUARTER 2019

DIRECTOR’S U P D AT E S

NORTHERN CORRIDOR GROUP

CHRIS MASSIE

MICHAEL SHADFORTH

The launch of new estates like Aura in Caloundra and Corporate Park East, Caboolture as well as the continued expansion of Brendale, will provide some relief but we expect demand to continue

As a child of the Sunshine Coast and now a father myself, it is the diverse education and employment opportunities available to the younger generation that I believe will have the greatest long-term impact.

outstripping supply through 2019.

Director Moreton Bay

DIRECTOR UPDATE

ONE TEAM - THREE LOCATIONS

Our expansion into the Brendale and North Brisbane markets through our Pine Rivers office has provided some interesting insights, with the strength of industry across the North Brisbane and Moreton Bay regions being the defining take-away of 2018 for me. On review of our transactions across the region, the lease and sale of industrial buildings accounted for close to 60% of all deals, outperforming office, retail, showrooms and hospitality combined.

The implications for this trend becomes concerning when combined with the analysis of properties actually available across the region. The launch of new estates like Aura in Caloundra and Corporate Park East, Caboolture as well as the continued expansion of Brendale, will provide some relief but we expect demand to continue outstripping supply through 2019.

Opportunities exist across all sectors this year and we will be closely tracking the trends. At the start of 2018 our team had set ourselves the goal of being the commercial property experts for the Northern Corridor, so much so that we changed our name to reflect this. We are proud of the work done to date and promise to continue providing you with the knowledge, resources and support to ensure your next property decision is made from an informed position of strength.

.

Director Sunshine Coast

The first quarter of 2019 for the Northern Corridor is set to continue the generally positive trajectory we witnessed across 2018. While housing prices in the southern capitals have taken a hit, many are still capitalising on the price disparity to sell up and move north. This is reflected in our domestic migration numbers that have parts of the Northern Corridor among the fastest growing precincts in the country.

The result is a solid baseline increase across almost all measurable sectors of our market, but it is the intangible benefits that excite me just as much. As a child of the Sunshine Coast and now a father myself, it is the diverse education and employment opportunities available to the younger generation that I believe will have the greatest long-term impact.

Recent infrastructure programs like the Undersea Cable, University Hospital, Sun Central, the international airport and Aura has seen the Sunshine Coast quickly become a serious contender on the global economic stage, and I for one am excited to see where we are headed.

RAY WHITE COMMERCIAL NORTHERN CORRIDOR GROUP ANNUAL SALES & LEASING Annual Sales $70,363,885 47 Industrial 19 Retail 10 Office 19 Land 5 Other

Annual Leases $6,298,459

96 TOTAL SALES

67 Industrial 47 Retail 36 Office 3 Land

157 TOTAL LEASED

SPOTLIGHT ON REDCLIFFE PENINSULAR NORTHERN CORRIDOR GROUP

THIS MONTH’S FEATURE ARTICLE WRITER IS AGENT ASHLEY REES OF THE NORTHERN CORRIDOR GROUP

YOUR REDCLIFFE PENINSULAR UPDATE The Peninsular market remains a complicated one to summarise in one sentence. The micro market sectors are each being impacted in significant ways, creating isolated geographical and sectional pockets of growth and stress in close proximity to each other.

The industrial sector remains the stand-out performer of the region as the capped expansion of Clontarf Industrial Estate struggles to accommodate the growing pains of the businesses that reside within. We are beginning to see upward pressure on rents in what has traditionally been one of the cheaper estates on the north side. The absorption of speculative stock constructed through Redcliffe Gardens Drive and surrounding streets will further compound pressure on vacancy options for businesses looking to capitalise on the increasing residential density in the region.

Recent proposed changes to the zoning of some key commercial developments in Rothwell, combined with the saturation of the North Lakes Town Centre market, has seen the tide start to shift back towards the peninsular for bulky goods businesses. We expect this to be compounded by the ramping up of lot delivery in Stockland’s Newport development and the maturation of North Lakes’ residential land sales. Watch for an increase in the presence of white goods and home furnishing outlets through this Rothwell stretch in particular.

Office and retail markets through Redcliffe, Scarborough, Margate and Kippa-Ring are still struggling to attract quality businesses. Organic expansion of local business is creating some musical-chairs shuffling, but overall vacancy take-up is minimal. This is unlikely to change in the short term due to the lack of functional, large footprint options. However, those willing to invest in refurbishment close to key infrastructure should be rewarded. Our case study on the former Commonwealth Bank refurbishment is a good example of this.

Overall, the long-term prospects for this market are exceptionally strong. If we remove the filter of historical socioeconomic stigma, we see a governmental administrative hub with significant recent light rail infrastructure spend and a strengthening demographic offering a seaside lifestyle less than 40 minutes commute from the third largest city CBD in Australia. It may be a stretch to compare this are to Sydney’s northern beaches, but many of the ingredients are the same and we expect that if local developers refuse to see the potential, our southern friends soon will.

VA C A N C I E S SIZE

LAST QUARTER

AV E R A G E R E N T

THIS QUARTER

SIZE

LAST QUARTER

THIS QUARTER

0-200m2

4

6

0-200m2

$150

$142

200-500m2

5

5

200-500m2

$128

$120

>500m2

8

3

>500m2

$100

$106

REDCLIFFE PENINSULAR ACTIVITY NORTHERN CORRIDOR GROUP

Ray White Commercial - Northern Corridor Group RESEARCH TEAM

LISTED SALE/ LEASE

The following is a summary of the key Listed, Leased and Sold properties

ADDRESS

SUBURB

TYPE

BUILDING LAND AREA (M2) AREA (M2)

PRICE P/A

NET OR GROSS

Sale

41 Snook Street

Clontarf

Industrial

300m2

486m2

POA

-

Sale

6/24 Huntington Street

Clontarf

Industrial

121m2

-

$198,000

-

Sale

10 Huntington Street

Clontarf

Industrial

688m2

1,260m2

Under offer

-

Sale

1/89 Landsborough Avenue

Scarborough

Retail

203m2

-

$1,300,000

-

Sale

6/24 Redcliffe Gardens Drive

Clontarf

Industrial

82m

2

-

$245,000

-

Sale

1/89 Marine Parade

Redcliffe

Medical

126m

2

-

POA

-

Sale

3/28 Redcliffe Gardens Drive

Clontarf

Industrial

750m

2

-

POA

-

Lease

1/57 Ashmole Road

Redcliffe

Retail

73m2

-

$25,500

Net

Lease

12/79 Anzac Avenue

Redcliffe

Industrial

Lease

1/353 MacDonnell Road

Clontarf

Lease

2/228 Anzac Avenue

Lease

190m

2

-

$22,800

Net

Industrial

460m

2

-

$42,000

Gross

Kippa-Ring

Retail

560m

2

-

$123,200

Net

1/46-50 Oxley Avenue

Woody Point

Retail

64m

2

-

$22,380

Gross

Lease

3A/29-31 Anzac Avenue

Redcliffe

Retail

65m

2

-

$19,500

Gross

Lease

1/210 Anzac Avenue

Kippa-Ring

Industrial

250m

2

-

$32,500

Gross

$/SQM

LEASED LEASED /SOLD

ADDRESS

SUBURB

TYPE

BUILDING AREA (M2)

SOLD PRICE LEASED P/A

NET/ GROSS

Leased 88 Sutton Street

Redcliffe

Retail

124m2

$38,400

Gross

$309

Leased 5/26 Huntington Street

Clontarf

Industrial

110m2

$14,196

Gross

$129

Leased 50A Hornibrook Esplanade

Clontarf

Retail

52m2

$13,800

Net

$265

Leased 9/349-351 MacDonnell Road

Clontarf

Industrial

140m2

$21,600

Gross

$154

Leased

10 Storie Street

Clontarf

Industrial

315m2

$30,000

Gross

$95

Leased

1/13-15 Storie Street

Clontarf

Industrial

97m2

Leased 4/24 Redcliffe Gardens Drive

Clontarf

Industrial

Leased 79 Anzac Avenue

Redcliffe

Leased

Kippa-Ring

41 Dalton Street

$15,000

Gross

$154

120m

2

$15,600

Net

$130

Hardstand

190m

2

$18,000

Gross

$94

Industrial

742m

2

$66,000

Net

$89

GENERAL INDUSTRY LAND PURPOSE BUILT LEASE HARDSTAND LEASE

Port of Brisbane

Brisbane CBD North Lakes

Brendale

North Harbour

Corporate Park

The opportunity Bruce HWY 3 Mins

Airport 25 Mins

You can now secure fully serviced General Industry land lots in Caboolture’s first estate release for over ten years.

Corporate Park, at the Bribie Island Rd and Bruce Highway interchange, has long been the area’s preferred location for industrial tenants and owneroccupiers in Moreton Bay. The estate is now at capacity, so eyes are turning to the next release of Corporate Park East.

Contact us today for a price list or to help design your ideal premises.

Port of Brisbane 30 Mins

Northern Corridor Group

CHRIS MASSIE chris.massie@raywhite.com 0412 490 840

ASHLEY REES ashley.rees@raywhite.com 0411 707 410

AGENT PROFILE

NORTHERN CORRIDOR GROUP

Chris Massie is a renowned and respected sales and leasing agent, known as an authority on commercial and industrial properties across the Moreton Bay Region. He has an innate ability to guide his clients, both buyers and sellers, throughout the sales process in commercial real estate.

He joined Ray White Commercial after working in the special projects division for a national civil company and has established himself as a dominant presence in the

Moreton Bay Region over the last ten years.

His unmatched stock knowledge and ‘boots on the ground’ work ethic sees him consistently ranked in the top 10 Ray White agents in the country.

CHRIS MASSIE SENIOR SALES & LEASING EXECUTIVE 0412 490 840 chris.massie@raywhite.com

RECENT NOTEWORTHY TRANSACTIONS ED

! ED ED S NE

AS IE LE OPERT R

EP

R MO

R! D FE NEEDE F O S

ED

! ED ED S NE

AS IE LE OPERT

R TIE DE OPER N U E PR

R

EP

R MO

R

MO

5A/4-6 Burke Crescent, NORTH LAKES

20-22 Concorde Place, CABOOLTURE

10 Huntington Street, CLONTARF

• 378m2 Retail/Showroom • Full exposure to North-South Arterial • Prominent signage • Male & Female amenities internal • Ample on site car parking

• 836m2 Industrial warehouse • 176m2 of air conditioned office • 2508m2 freehold land • Ample 3 phase points throughout • Airlines • 6x Swing arm cranes

• 688m2 Freestanding warehouse facility • Approx 585m2 warehouse & 103m2 office • Fully secure site • 5x roller doors • On site amenities with disability toilet • Car parking onsite

Leased - $90,720

Leased - $90,000

Under Offer

ED D! S NEED E S IE

A LE OPERT R

EP

R MO

OFF MARKET TRANSACTIONS

1/25 Leda Boulevard, Morayfield

SUBURB

SETTLED

LEASED / SOLD

PRICE ($)

4-8 Burke Crescent

North Lakes

March 2019

SOLD

$21,500,000

21 Strathvale Court

Caboolture

March 2019

SOLD

$1,600,000

ADDRESS

• 160m2 office • High profile corner position • Electric door entrance • Ducted air conditioning throughout • Two street frontages to Leda Boulevard and William Berry Drive

Leased - $60,000

PROPERTIES FOR SALE OR LEASE NORTHERN CORRIDOR GROUP

! ED LE NEED A S IES

! ED LE NEED A S IES

R T FO ROPER RE

MO

R T FO ROPER

P

RE

MO

P

650 Old Gympie Road, NARANGBA

2B/2 Flinders Parade, NORTH LAKES

• High profile 4,226m2 corner lot • Flexible General Industry Zoning • 900m2 approx. building area • Combination of office and clear span warehouse • Low site coverage with expansion or development potential • Fully fenced with additional hardstand areas • Immediate north and south bound Bruce Highway access

• 137m2 Office/Medical Consultation Space • 4x Individual Office Spaces + 1x Private Room • Large Reception with Waiting Area • Kitchen • 5x Exclusive On Site Car Parks • Secure Basement Parking • On Site Cafe • Ducted Air Conditioning Throughout • Attractive Glass Frontage

For sale $1,300,000 + GST Chris Massie

SE D EA NEEDE L R S

IE E OOPERT L A R

S

EP

For Sale - Contact Agent Chris Massie & Aaron Canavan

! ED LE NEED A S IES

R T FO ROPER EP

R MO

R MO

3/11-15 Baylink Avenue, DECEPTION BAY

1/89 Landsborough Avenue, SCARBOROUGH

• 232m2* Warehouse & Showroom area • 60m2* of air-conditioned mezzanine office • Mezzanine office is fitted out with 4 separate offices and two open plan areas • Front showroom area with front door entrance • High bay electric roller door • Easy truck & vehicle access • Dual undercover parking • Internal disabled toilet with separate toilet amenities

• 203m2 tenancy including indoor & outdoor dining • Fully fitted out commercial kitchen (List of inclusions available on request) • Located below Scarborough Beach Resort which features 75 apartments • Waterfront location overlooking Moreton Bay • Fully air conditioned throughout • Capacity to seat 100 customers • On site parking for customers

For Sale or Lease - Sale $450k or Lease $35k Net PA Chris Massie

For Sale - $1,300,000 Chris Massie & Aaron Canavan

For a full list of current opportunities for sale or lease visit raywhitecommercialnortherncorridorgroup.com.au

OUR TEAM

NORTHERN CORRIDOR GROUP

MORETON BAY

SUNSHINE COAST

CHRIS MASSIE DIRECTOR 0412 490 840 chris.massie@raywhite.com

MICHAEL SHADFORTH COMMERCIAL PRINCIPAL 0488 981 076 michael.shadforth@raywhite.com

ASHLEY REES SENIOR PROPERTY ANALYST 0411 707 410 ashley.rees@raywhite.com

JULIE RYAN MAJOR ASSET SALES 0447 445 453 julie.ryan@raywhite.com

WARWICK PETERS SENIOR BUSINESS BROKER 0412 234 231 warwick.peters@raywhite.com

EMILY PENDLETON SALES & LEASING EXECUTIVE 0402 435 446 emily.pendleton@raywhite.com

AARON CANAVAN SALES & LEASING EXECUTIVE 0447 744 948 aaron.canavan@raywhite.com

JORDAN HAYES SALES & LEASING EXECUTIVE 0417 999 331 jordan.hayes@raywhite.com

BLAKE PRIMROSE SALES & LEASING EXECUTIVE 0423 555 043 blake.primrose@raywhite.com

JASON WRIGHT ASSET MANAGEMENT SPECIALIST 0451 497 368 jason.wright@raywhite.com

PINE RIVERS PETER LAURENT SALES & LEASING EXECUTIVE 0429 391 675 peter.laurent@raywhite.com

TREVOR NELSON-JONES SALES & LEASING EXECUTIVE 0407 736 521 trevor.nelson-jones@raywhite.com

JUMA MARSTELLA SALES & LEASING EXECUTIVE 0450 360 321 juma.marstella@raywhite.com

BROCKE HAMBRECHT SALES & LEASING EXECUTIVE 0466 599 724 brocke.hambrecht@raywhite.com

raywhitecommercialnortherncorridorgroup.com.au

facebook.com/rwcncc

twitter.com/rwcncc

instagram.com/rwcncc