In The Know - Brisbane Outer North Q4 2019| Northern Corridor Group

MULTI AW WINNIN ARD G TEAM

COMPETITION CREATORS

I N T H E KN OW EXPERT COMMERCIAL PROPERTY FOCUS

BRISBANE OUTER NORTH EXPERTS

BROCKE HAMBRECHT 0466 599 724

SALES MANAGER & AUCTIONEER

TREVOR NELSON-JONES 0407 736 521 SALES & LEASING EXECUTIVE

FOR (SEE PAGE 4) 14/2-6 CHINOOK STREET, EVERTON HILLS

CHRISTINE FRENEY 0432 170 380

SALES & LEASING EXECUTIVE

ONE TEAM - FOUR LOCATIONS | PINE RIVERS | MORETON BAY | SUNSHINE COAST | MORAYFIELD

ROB DAWSON 0422 786 205

SALES & LEASING ASSOCIATE

4 TH QUARTER 2019

WELCOME

remained exceedingly strong, with premium results achieved by our team on assets across a broad range of types and price points.

A word from Brocke The third quarter of 2019 has again proven to be the “work horse” quarter, which is in line with previous years’ trends. The lack of artificial finish lines like end of financial year or Christmas made for a consistently strong environment across all three months.

This heated interest has been evident in our auction results across the Northern Corridor Group for 2019 so far. 67% of properties have sold at or within 30 days of auction, with an average of 14 enquiries per property.

MICHAEL SHADFORTH DIRECTOR COMMERCIAL PRINCIPAL 0488 981 076

We are exceptionally proud of the recognition our Northern Corridor Group team received at the recent Ray White International awards, winning Commercial Team of the Year among 5 other titles.

CHRIS MASSIE DIRECTOR COMMERCIAL PRINCIPAL 0412 490 840

ASHLEY REES DIRECTOR SENIOR ANALYST 0411 707 410

Brocke Hambrecht Sales Manager & Group Auctioneer

Transactions were predominantly driven by genuine, measured business requirements of tenants and owner occupiers experiencing organic growth.

Interest from the investor market

How we measure

UP

PAUL LUMTIN EXECUTIVE DIRECTOR 0428 222 620

2019 3RD QUARTER sales & leasing results

Q3 Sales $23,672,420 13 Industrial 4 Retail 1 Office

23 TOTAL SOLD

3 Land 2 Other

Q3 Leases $1,535,911 24 Industrial 18 Retail 8 Office

NCG DEPARTMENT HEADS

76 TOTAL LEASED

1 Land 2 Other

YOUR AWARD WINNING TEAM WINNER OF ELITE BUSINESS LEADER 2018-2019

GUY UPCHURCH DIRECTOR OF ASSET MANAGEMENT 0410 614 240

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BRISBANE OUTER NORTH EXPERTS - SOLD & LEASED COMMERCIAL PROPERTY

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Industrial demand remains strong through this northern corridor, with particular demand coming for functional units around the 500m2 size range. Supply remains a key issue and will remain that way for the foreseeable future.

An interesting observation from our asset management team is that rental arrears for this precinct have been consistently dropping quarter on quarter for the whole of 2019.

Increasing rent arrears are a proven “Canary in the coal mine” market indicator for worsening business conditions and a potential vacancy spike. The fact that these arrears are dropping is a good indicator that businesses are trading well and meeting their financial requirements.

Investor demand for tenanted properties remains exceptionally high and appetites are expanding to also include vacant properties due to the general market confidence in the Northern Corridor market.

The Northern Corridor Group, your local area commercial property experts

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1/736 SOUTH PINE ROAD, EVERTON PARK

2-6 CHINOOK STREET, EVERTON HILLS

1/296 MONTAGUE ROAD, WEST END

• 91m retail/office • Flexible open planned space • Full glass shop front & air conditioning

• Prime retail space at Everton Junction • Excellent signage on offer • On site car parking

• Fully fit out kitchen with cold room, steel benches, front counter & exhaust canopy • 150m2* food retail space

2*

$36,000 P/A NET | CHRISTINE

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$110,000 P/A NET | CHRISTINE

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$45,000 P/A NET | CHRISTINE

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15-17 BALD HILLS ROAD, BALD HILLS

3/736 SOUTH PINE ROAD, EVERTON PARK

1/2277 SANDGATE ROAD, BOONDALL

• 1,012m² • 4 fully leased individual air-conditioned tenancies with private car parking

• 55m² retail/office space • Fronting busy South Pine Road • Excellent signage provision

• 75m2* area available • Air conditioned / glass shop front • Exposure and signage to Sandgate Road

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$1,350,000 | BROCKE | ROB

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$18,900 P/A NET | CHRISTINE

$19,000 P/A NET | BROCKE | ROB

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

* Property outlines, sizes & landmarks indicative

WHAT'S YOUR NEXT MOVE

SELLING OR LEASING? Speak to your local area experts today

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

YOUR AWARD WINNING TEAM TEAM OF THE YEAR 2018 - 2019

AGENTS TOP PICK

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14/2-6 CHINOOK STREET, EVERTON HILLS

MOVE IN READY FULLY EQUIPPED RESTAURANT Restaurant entrepreneurs seeking the perfect location with dual street frontage, great value and move in/set up ready. Call today!

For additional information or to arrange an inspection contact marketing agent Christine Freney.

Christine Freney | 0432 170 380 | christine.freney@raywhite.com

2019

NORTHERN CORRIDOR AUCTION RESULTS With over $9,500,000 in auction sales and an average "days on market" of only 41 days, the auction process continues to deliver premium, timely results for our owners.

YOUR AWARD WINNING TEAM ADMIN TEAM OF THE YEAR 2018-2019

FOR LEASE - $38,500 P/A + GST

• 110m2* fully fit out restaurant • Excellent exposure & signage potential • Furniture, crockery and cooking equipment etc • On site parking • Available now • Glass frontage • Service counter • Located within busy mixed complex

AUCTION AVERAGE DAYS ON MARKET

41.2

NON-AUCTION AVERAGE DAYS ON MARKET

310

* Property outlines, sizes & landmarks indicative

BRISBANE OUTER NORTH EXPERTS - FOR SALE & LEASE COMMERCIAL PROPERTY

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5/198 MOGGILL ROAD, TARINGA

1/451 IPSWICH ROAD, ANNERLEY

2/469 SOUTH PINE ROAD, EVERTON PARK

• 48m high profile retail/office in well maintained complex • A rarely available highly sort after area

• 135m retail • Current fit out • Reception & carpeted eat in area

• 48m2* of prime retail space • High profile location with full street frontage • Signage opportunity

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$160,000 | TREVOR

SE EDE EA S NE R L TIE

$4,000 P/M + GST | TREVOR | ROB

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2/368 LOGAN ROAD, STONES CORNER

8/366 MOGGILL ROAD, INDOOROOPILLY

11 STONEHAM STREET, GREENSLOPES

• 51m retail space • On site parking • Decent amount of foot traffic

• 60m retail space • Wide glass shop front • Air conditioned

• 100m2* stand alone office/medical building • 10 on site parks • x4 private office areas

2*

2*

$1,875 P/M NET | CHRISTINE

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$2,417 P/M NET | CHRISTINE

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$1,670 P/M + GST | CHRISTINE

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2/86 DAYS ROAD, GRANGE

201 LUTWYCHE ROAD, WINDSOR

1-5 QUEENS ROAD, EVERTON HILLS

• 52m retail opportunity • Recently refurbished • Kitchenette facility & internal toilet

• 516m Retail opportunity • Excellent exposure to Lutwcyhe Road • Recently refurbished

• 420m2* office or medical space • Reception area • Boardroom or meeting room

2*

$2,460 P/M NET | CHRISTINE

2*

CONTACT AGENT | CHRISTINE

$6,667 P/M NET | CHRISTINE

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

AVERAGE OFFERS PER PROPERTY

AVERAGE ENQUIRY

1.6

13.9

YOUR AWARD WINNING TEAM CUTTING EDGE AWARD 2018 - 2019

* Property outlines, sizes & landmarks indicative

SOLD %

AVERAGE MARKETING SPEND

66.67%

$5,701

PROPERTY OWNERS INSIGHT / NEWS ARTICLE

How important is the creation of competition for your property?

One approach to selling property is to find a single buyer, and through clever and professional negotiation, achieve an outcome that is positive for the vendor and purchaser.

In today’s market, there is much more information readily available to buyers through online research. This gives them perceived confidence as to what their “ceiling” figure should be.

The only sure thing that can change a potential buyer’s mind and increase the offer is the realisation there are others who desire the asset and are prepared and willing to pay more.

This is what we call creating competition. That is how we profess to bring true value to our vendors.

For more information or your FREE copy of our Competition Creators guide, please contact one of the team today!

Creating competition is the best way to achieve an exceptional result for your property. Through the interplay of competition, it's our aim to achieve a figure which we are happy to present to our sellers – a figure that is a reflection of the buyers competing for the property.

RECORD 191 BIDS AT AUCTION FOR BRIBIE FREESTANDER You could have been forgiven for thinking that a Blue Chip National was on the auction block when bidding began for the sale of 37 Sunderland Drive, Banksia Beach. Instead it was a 512m2 vacant office space adjoining a local shopping centre on Bribie Island that prompted the eventual bidding war between a speculative investor and an owner occupier. With a modest nine enquiries and five inspections through the four week campaign, there was little indication of what was to come.

“This really shows the power of the auction process to achieve premium results through competition.” said selling agent and Northern Corridor Group Director Chris Massie. “We had five registered bidders but it quickly came down to two.”

COMPETITI CREATORS ON How Ray White Com mercial creates the competition sells your asset for mor that e

AUCTION FAST FACTS • Property type: Office • Address: 3 7 Sunderland Drive, Banksia Beach • Marketing spend $11,453 • Inspections: 5 • Number of enquiries: 9 • Offers: 1

The reserve was surpassed within the first ten bids with jumps in fifty thousand dollar increments, then the war of attrition began that saw the owner occupier eventually win out after 191 bids.

• Days on market: 30

“I have called over 1,000 auctions including marque Melbourne residences and I have never experienced this level of bidding.” said Ray White Northern Corridor Group’s Head Auctioneer Brock Hambrecht.

“There’s a long held belief that commercial property doesn’t involve emotion. It’s just not the case.”

• Sales date: 14 Nov 2019

For additional information, please contact marketing agents Chris Massie on 0412 490 840 or Aaron Canavan on 0447 744 948.

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• Sale price: $1,650,000

CHRIS MASSIE 0412 490 840

AARON CANAVAN 0447 744 948

CHRIS MASSIE DIRECTOR C O M M E R C I A L P R I N C I PA L

SALES & LEASING EXECUTIVE

BROCKE HAMBRECHT

0466 599 724

S A L E S M A N A G E R & GROUP AUCTIONEER

YOUR AWARD WINNING TEAM TOP 4 LEASING FEES

* Property outlines, sizes & landmarks indicative

BRISBANE OUTER NORTH EXPERTS

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81-87 CURRIE STREET, NAMBOUR • 86m2* - 769m2* over two levels • Recently refurbished and really modern inside • Quality private facilities including air-conditioning and amenities • Ample on site car parking with more than 30 secure car parks

$100,000 P/A NET | CHRISTINE | EMILY

CHRISTINE FRENEY 0432 170 380

SALES & LEASING EXECUTIVE

Christine Freney joined the Northern Corridor Group in 2019 and is a fully licensed Real Estate agent.

She has owned and operated real estate agencies and businesses on the Sunshine Coast for over 20 years.

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Christine has extensive knowledge and contacts and with her communication, negotiation and interpersonal skills, she has a distinct advantage when dealing with property sales and leasing negotiations.

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9/609 ROBINSON ROAD, ASPLEY • 448m2* professional office space • Well presented with state of the art finishes • Excellent position on Robinson Road • Undercover basement parking

CONTACT AGENTS | CHRISTINE | TREVOR

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2/18 BALD HILLS ROAD, BALD HILLS

ROB DAWSON 0422 786 205

• 98m2* neat and tidy office/shop area • Present configuration includes lease retail area • Shop/office and reception area in front • Plenty of on site parking

S A L E S & L E A S I N G A S S O C I AT E

$28,000 P/A | ROB | BROCKE SE EDE EA S NE R L TIE

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Westfield Chermside

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1/832 GYMPIE ROAD, CHERMSIDE • 108m2* currently undergoing full renovation • Ducted air-conditioning • On site parking and street parking available • High profile location and signage opportunity

$3,500 P/M NET | ROB | BROCKE

YOUR AWARD WINNING TEAM TOP 5 SALES AND LEASING FEES

Hardworking, reliable and with a passion for real estate, Rob joins the Northern Corridor Group as Sales & Leasing Associate servicing the Pine Rivers area.

Rob commences his Real Estate career with 17 years retail experience, 6 of which in the senior management department. He has a solid retail acumen, with a great understanding of what a business requires to succeed.

An excellent communicator and natural people person, Rob thrives on delivering premium results and achieving a desired outcome for his clients.

ELITE BUSINESS LEADER TEAM OF THE YEAR

TOP 4 LEASING FEES

MULTI AWARD WINNING TEAM

TOP 5 SALES AND LEASING FEES

BROCKE HAMBRECHT SALES MANAGER & AUCTIONEER 0466 599 724 brocke.hambrecht@raywhite.com

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

CHRISTINE FRENEY SALES & LEASING EXECUTIVE 0432 170 380 christine.freney@raywhite.com

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

ROB DAWSON SALES & LEASING ASSOCIATE 0422 786 205 rob.dawson@raywhite.com

STACI TOBIN COMMERCIAL PROPERTY MANAGER 0466 248 654 staci_tobin@raywhite.com

CHRIS MASSIE DIRECTOR - COMMERCIAL PRINCIPAL 0412 490 840 Chris.massie@raywhite.com

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

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

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

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

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

BLAKE PRIMROSE SALES & LEASING ASSOCIATE 0423 555 043 Blake.primrose@raywhite.com

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

MICHAELA WEBB PERSONAL ASSISTANT TO CHRIS MASSIE 0409 202 066 michaela.webb@raywhite.com

SUNSHINE COAST

MORETON BAY

PINE RIVERS

ADMIN TEAM OF THE YEAR

CUTTING EDGE AWARD

DAVID GOLDSWORTHY SALES & LEASING ASSOCIATE 0481 996 794 david.goldsworthy@raywhite.com

MORETON BAY

SUNSHINE COAST

PINE RIVERS

PROPERTY MANAGEMENT

3/125 Morayfield Road Morayfield QLD 4506

1/172 Brisbane Road Mooloolaba QLD 4557

Suite 13, 104 Gympie Road Strathpine QLD 4500

9/113-137 Morayfield Road Morayfield QLD 4506

T 1300 255 075

F (07) 5430 3799

ONE TEAM - FOUR LOCATIONS

W raywhitecommercialnortherncorridorgroup.com.au