In The Know - Brendale Commercial Q2 2019 |Ray White Commercial | Northern Corridor Group

BRENDALE

FOR SALE (SEE PAGE 3) 350 SOUTH PINE ROAD, BRENDALE

JUMA MARSTELLA 0450 360 321

SALES & LEASING EXECUTIVE

ONE TEAM - THREE LOCATIONS

BROCKE HAMBRECHT 0466 599 724 SALES & LEASING EXECUTIVE

T RE VO R NE L S O N- J O NE S 0407 736 521 SALES & LEASING EXECUTIVE

GUY UPCHURCH 0410 614 240

DIRECTOR OF ASSET MANAGEMENT

2 ND 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

Director Sunshine Coast

ONE TEAM - THREE LOCATIONS

If the first quarter of 2019 is any indication, the Northern Corridor remains well positioned to capitalise on the key sectors of the market currently performing well. But this growth will not be without its frustration. Finance is proving to be a significant hurdle and this is particularly true for owner occupiers. Lending criteria is tightening and typical approval times are blowing out beyond 45 days as the number of “hoops” being imposed by financiers increases. Frustration is also coming in the form of stock shortages for functional industrial buildings across almost all suburbs.

But as they say in golf “Every shot makes someone smile”. . . The result of these two issues has been an uplift in leasing demand and a willingness of tenants (all be it begrudgingly) to commit to off-plan leases for yet to be constructed buildings. Rumours of a further interest rate cut has investors scrambling to find a return on their money, providing a strengthening market for these newly constructed investments with or without tenants.

While an extended Easter break and an election provide excuses for those without the true need for action to delay decisions, we are seeing enough demand across most sectors that any second quarter dip will quickly be corrected through the traditionally strong third quarter.

Infrastructure spend continues to be a major driver of commercial activity across the Northern Corridor. Our team has been working closely to combine high level research with agent feedback from the front line to explore just how significant these projects are for business and the results have been very interesting.

Business confidence off the back of several solid years is seeing the absorption of office space improving. Minimal built form industrial stock has resulted in businesses turning to vacant land to design and construct their facilities to meet demand. Neighbourhood shopping centre vacancies across the Sunshine Coast in particular are at record lows, bucking the trend of softening retail across the country.

Assuming no major world events, all lead indicators have us predicting a relatively stable and prosperous two years across the Northern Corridor.

The crystal ball starts to get foggy after 2020, when major infrastructure projects are scheduled to be complete. It will be at this time that the strength of the market will be dictated by the success of our local and state governments to attract the major businesses that can benefit from this new infrastructure.

RAY WHITE COMMERCIAL NORTHERN CORRIDOR 2019 FIRST QUARTER SALES & LEASING Q1 Sales $16,588,360 11 Industrial 4 Retail 2 Office 4 Land

Q1 Leases $1,761,728.95

21 TOTAL SALES

26 Industrial 16 Retail 7 Office 3 Other

52 TOTAL LEASED

CASE STUDY

JUMA MARSTELLA 0450 360 321 SALES & LEASING EXECUTIVE

NORTHERN CORRIDOR GROUP

350 SOUTH PINE ROAD, BRENDALE Ray White Commercial Northern Corridor Group are pleased to offer this highly functional 3,200sqm Freestanding warehouse for Sale.

Features on the property include: • Total building area 3,200m2

• Female & Male amenities

• 6,422m2 total site area

• Ample power throughout

• 200m2 internal office area

• Multiple oversized motorised container height roller doors

• 7m internal height

• Large hardstand/parking/container set down

• 2x Warehouse sections with potential for a showroom in the front portion of the building

• Huge signage & exposure provisions

For further information or to arrange an inspection please contact Juma Marstella on 0450 360 321 today

COMMERCIAL SALES & GROWTH CHART FOR BRENDALE

Median

Number of Sales in Suburb

$2,400,000 $2,200,000 $2,000,000 15

$1,400,000 10

$1,200,000 $1,000,000 $800,000 $600,000

5

$400,000 $200,000

2,018

2,016

2,014

2,012

2,010

2,008

2,006

2,004

2,002

2,000

1,998

1,996

0 1,994

$0

Number of Sales

$1,600,000

1,991

Median Sale Price

$1,800,000

NORTH BRISBANE ACTIVITY

NORTHERN CORRIDOR GROUP

Ray White Commercial, Northern Corridor Group RESEARCH TEAM. A summary of the key Listed, Leased and Sold property data in your area.

LISTED STATUS

ADDRESS

Auction 1342-1346 Anzac Avenue

SUBURB

TYPE

LAND AREA (M2)

Kallangur

Investment

2208m2 3561m

EOI

774 Gympie Road

Lawnton

Investment

Sale

102/6-10 Whites Road

Petrie

Retail

Sale

101/6-10 Whites Road

Petrie

Retail

Sale

4 Leanne Crescent

Lawnton

Industrial

3143m

Sale

350 South Pine Road

Brendale

Industrial

Sale

47 Kremzow Road

Brendale

Sale

83/193 South Pine Road

Sale

17 Belconnen Crescent

Sale Sale

BUILDING PRICE / AREA (M2) PRICE P/A -

NET OR GROSS

Auction

-

EOI

-

1412m

2

-

74m

2

$345,000

-

-

76m2

$355,000

-

2

2

POA

-

6422m2

3200m2

POA

-

Industrial

2740m

1321m

2

$2,250,000

-

Brendale

Industrial

-

446m

2

$950,000

-

Brendale

Industrial

3174m2

665m2

$1,750,000

-

10/32 Dixon Street

Strathpine

Medical

-

65m

$250,000

-

264 Leitchs Road

Brendale

Land

2,358m2

-

$1,050,000

-

Lease

20/451 Gympie Road

Strathpine

Retail

-

134m2

Lease

4 Terrence Road

Brendale

Industrial

Lease

2/18 Bald Hills Road

Bald Hills

Retail

-

98m2

$30,000

Net

Lease

1/256 Leitchs Road

Brendale

Industrial

-

552m2

$81,000

Net

Lease

17B/15-17 Bald Hills Road

Bald Hills

Medical

-

141m

$35,250

Net

Lease

1/327 Gympie Road

Strathpine

Retail

-

185m2

POA

Lease

6/18 Paisley Drive

Lawnton

Industrial

-

182m

2

$16,500

Net

Lease

4/11 Walter Crescent

Lawnton

Industrial

-

171m

2

$17,760

Net

Lease

6/256 Leitchs Road

Brendale

Industrial

-

631m2

$69,410

Net

8622m

2

2

2

1070m

3300m

2

2

2

$40,200 POA

Net -

-

LEASED STATUS

ADDRESS

SUBURB

TYPE

BUILDING AREA (M2)

LEASED P/A

NET/ GROSS

$/SQM

Leased

6/26 Kremzow Road

Brendale

Industrial

87m2

$18,000

Gross

$206.90

Leased

16/445-451 Gympie Road

Strathpine

Retail

56m

2

$21,840

Gross

$390

Leased

116 Gympie Road

Strathpine

Hard stand

3,000m2

$50,000

Net

$17

Leased

3/520 Gympie Road

Strathpine

Retail

2

$17,680

Gross

$304.83

Leased

8/40 Terrence Road

Brendale

Industrial

179m2

$24,000

Gross

$134

Leased

A/264 Dohles Rocks Road

Murrumba Downs

Office

77m

2

$37,000

Gross

$480.52

Sold

Dayboro Road

Whiteside

Retail

269m

2

$150,000

Sold

1 Hinkler Court

Brendale

Industrial

3,106m2

$3,120,000

-

-

58m

DEDICATED SERVICE We manage your property like it’s our own...

We constantly look at strategic value-add initiatives to improve your property’s capital value whilst driving your investment and maximising its returns.

Our specialist management team negotiates on your behalf to generate maximum return to you for every lease and tenancy, always focusing on improving your yield.

You can rely on us to manage your administrative processing and reporting as well as protecting and growing your asset at all times.

We manage all repairs and maintenance, establishing and negotiating maintenance contracts to reduce outgoings. We proactively rectify issues before they become problematic and undertake regular reviews, using our group buying power to improve cost efficiencies.

We understand and have thorough working knowledge of commercial property legislation to ensure your legal obligations are managed. We also keep abreast of legislative changes by way of professional development courses. Our aim is to tailor our service to your requirements and investment goals.

Contact our property managment team today: Cassie Mahoney, Commercial Asset - Portfolio Manager 1300 25 50 75 | cassie.mahoney@raywhite.com Staci Tobin, Commercial Property Manager - Pine Rivers 07 3889 8000 | staci_tobin@raywhite.com Shaun Gerritsen, Property Maintenance & Compliance 1300 25 50 75 | nccmaintenance@raywhite.com

Retail Shop Leases Recent changes to the Retail Shop Leases Amendment Act 2016 has the potential to impact property owners of what would traditionally be considered industrial units, exempt from the additional obligation and expense of the Act. New definitions of what constitutes a Retail Shop now includes any business interacting face to face with customers.

What this means for industrial property owners is the traditional Commercial Tenancy Agreement (CTA) used by many owners and agents will no longer provide certainty of tenure and could even see the owner liable for damages, if used in the wrong scenarios.

Until the dust settles on this new legislation and the precedents are set in stone, the safest course of action is to seek advice from your solicitor or call our property management team and talk through the implications for your property.

So what does a Retail Shop Lease (RSL) mean for owners?

The key differences are as follows:

• RSL preparation costs cannot be passed on to the tenant

• Land tax and sinking fund levies are not recoverable outgoings under an RSL

• Detailed outgoings must be disclosed atleast 7 days prior to signing

• Outgoings must be audited annually for net leases

• Leases must be registered within 3 months of signing by the tenant

Staci Tobin, Commercial Asset - Portfolio Manager 07 3889 8000 | staci_tobin@raywhite.com

RECENT NOTEWORTHY TRANSACTIONS NORTHERN CORRIDOR GROUP

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! EED LD ES N SO ERTI E OR

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1 Dayboro Road, WHITESIDE • 300 litre Pot Still • Stainless Steel vats • Oak Barrels • Bottle Filler and Air Pump • Miscellaneous Equipment (calibrated alco meters, certified thermometer, calibrated stainless steel drums, etc)

OP

PR

Sold - $150,000 [Agent - Brian Kennedy] ED

D D! NEE OL TIES

S

P

RO

19 MOONBI STREET, BRENDALE • Single title • 2063m2* allotment • 1000m2* building • 5 Tenancies - 4 Tenants • Nett income $84,479.95 • Outgoings fully recovered

ER

EP

R MO

Sold - $1,230,000 [Agent - Trevor Nelson-Jones] ED

D D! NEE OL TIES

S

MO

128 Broads Road, CLOSEBURN • 54.18ha* • On one title • Current zone Rural Res • Bitumen road to front gate • 28.45Km* to Brisbane CBD • Less than 5km* to Samford Village

R

PE

RO

P RE

AGENT PROFILES

JUMA MARSTELLA 0450 360 321

SALES & LEASING EXECUTIVE Covering both sales and leasing Juma is recognised as a Northern specialist, his responsibilities include investment and vacant possession sales as well as leasing across all assets classes.

Always working with his clients best interest in mind, Juma draws on his 5 years plus experience to provide exceptional service to a loyal following of clients. He is well respected for his ability and integrity and approaching every transaction with focus and keen dedication.

Sold - $1,200,000 [Agent - Trevor Nelson-Jones] ED

D D! NEE OL TIES

S

P

RO

P RE

MO

12 Station Street, LAWNTON • Unique development site on 2 lots with a combined land area of 1330m2 • Located within close proximity to the proposed new University • Improvements on the site include an older style residence and a two car garage. May suit an owner occupier such as an Accountant or Solicitor.

ER

Sold - $580,000 [Agent -Brian Kennedy] ED

D D! NEE OL TIES

S

MO

R

PE

RO

P RE

8/128 South Pine Road, BRENDALE • 295m2* on the ground • 200m2* Mezzanine floor area • Zoned Commercial • Current Income Approximately $44,745.00 Nett • Current Tenant on Month to Month • Fronting onto South Pine Road • Good Onsite Parking

Sold - $585,000 [Agent - Trevor Nelson-Jones]

ARE YOU THINKING OF

SELLING OR LEASING? Speak to your local area experts today

Northern Corridor Group We don't wait, we hunt!

BROCKE HAMBRECHT 0466 599 724

SALES & LEASING EXECUTIVE

Brocke joins the Northern Corridor Group with 8 years of real estate experience. After completing his bachelor’s degree in Property Economics and Development at the University of Sunshine Coast, Brocke started his career as a sales associate at a leading residential agency on the Sunshine Coast, winning rookie of the year in his first year.

After further developing his skill in a lead agent capacity, Brocke strategically made the move to Victoria to further develop his real estate knowledge in a management capacity, working alongside and leading a number of established sales agents to only further their knowledge, market input and business reach. All the while refining his craft as a respected auctioneer, a part of the business to this day Brocke enjoys immensely.

PROPERTIES FOR SALE OR LEASE NORTHERN CORRIDOR GROUP

E DED ALES NEE S R TI

D

N NEEDE O I T IES

C T AUROPER

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MO

P

FO ROPER

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MO

P

1342-1346 Anzac Avenue, KALLANGUR

774 Gympie Road, LAWNTON

• Land totalling 2,208m2 across three titles • 3 existing residential properties, plus Granny Flat all with income • All post-war constructions • 45m approx frontage x 50m approx depth • Opposite the established North Leagues Club • Multiple public transport options along Anzac Avenue and or train routes

• Land 3,561m2 Building 1,412m2 • Fully tenanted investment in highly visible location • This is a quality, well-maintained asset in a growth hotspot • Tenants include: Dulux Trade Centre, Wheelhouse Coffee, Crow n Arrow & Anytime Fitness • Stage 1 of Sunshine Coast University's new campus to open in 2020 just a short distance away, the area is thriving.

AUCTION 30 MAY 11AM ON SITE Brocke Hambrecht - 0466 599 724

Expressions Of Interest - Closing 4pm 6 June 2019 Julie Ryan - 0447 445 453

ED LE NEED A S ES

R TI FO ROPER

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MO

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ED LE NEED A S ES

R TI FO ROPER

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4 Leanne Crescent, LAWNTON

47 Kremzow Road, BRENDALE

• 1,070m2 Warehouse space • 3,143m2 total site area • Fully leased asset to long term quality tenant • Three roller door access • Great access for truck or cars • 3 year lease • Net return $84,500 per annum • Renovated full kitchen facilities • Multiple roller door access

• Zoning: General Industry • Land Area: 2740m2* • Building Area: 1321.46m2* • Office Area: 43.2m2* • Clear Span Area: 66m x 19m2* • Workshop Access: 2 Container Height Roller Doors • Local Authority: Moreton Bay Regional Council • Gantry Cranes: 2 x 10 Tonne Service

For Sale - POA Juma Marstella - 0450 360 321

For Sale - $2,150,000 Exc GST Trevor Nelson-Jones - 0407 736 521

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

* Sizing Approximate

OUR TEAM

NORTHERN CORRIDOR GROUP

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

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

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

GUY UPCHURCH DIRECTOR OF ASSET MANAGEMENT 0410 614 240 guy.upchurch@raywhite.com

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

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

raywhitecommercialnortherncorridorgroup.com.au

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