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

CABOOLTURE INDUSTRIAL

FOR LEASE 3 Wharf Street, Caboolture [See Page 3]

CHRIS MASSIE 0412 490 840

C O M M E R C I A L P R I N C I PA L

AARON CANAVAN 0447 744 948

SALES & LEASING EXECUTIVE

ONE TEAM - THREE LOCATIONS

BLAKE PRIMROSE 0423 555 043

COMMERCIAL LEASING ASSOCIATE

ASHLEY REES 0411 707 410

SALES & LEASING EXECUTIVE

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

C A B O O LT U R E I N D U S T R I A L NORTHERN CORRIDOR GROUP

17-19 BERTHA STREET, CABOOLTURE E DED AS S NEE E L IE

R RT FOPROPE RE

MO

Industrial Warehouse + Office Corporate Park Industrial Estate

Unit 1 1,480m2 warehouse (option for office if required) Unit 2 1,382m2 warehouse + 195m2 office & mezzanine (two levels)

• Flexible office sizes available • Total land area 8,519m2* • Easy access to Bruce & D'Aguilar Highways • Minutes to Caboolture CBD • Within close proximity to schools, parks and recreational facilities • General Industry Zone

Unit 1 & 2 Combined 2,862m2 warehouse + 195m² office & mezzanine across two levels

For further information or to book an inspection contact agents Chris Massie on 412 490 840 or Aaron Canavan on 0447 744 948.

Brand new industrial warehouse with hardstand located in one of the fastest growth corridors.

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

8

7

0-200m2

$139

$139

200-500m2

6

8

200-500m2

$120

$119

>500m2

7

6

>500m2

$110

$111 Property plans and sizes are approximate

CABOOLTURE INDUSTRIAL 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

SUBURB

BUILDING AREA (M2)

TYPE

LAND AREA (M2)

PRICE

NET OR GROSS

Sale

2/31 Cessna Drive

Caboolture

Industrial

350m2

-

$419,000

-

Sale

4/17 Lear Jet Drive

Caboolture

Industrial

130m2

-

$293,000

-

Sale

115 Old Toorbul Point Road

Caboolture

Development

225m2

8000m2

POA

-

Lease

1&2/36 Cessna Drive

Caboolture

Industrial

685m2

-

$82,200

Net

Lease

34-36 Cessna Drive

Caboolture

Industrial

320-1735m2

-

POA

-

Lease

3/47 Lear Jet Drive

Caboolture

Industrial

350m2

-

$59,400

Net

Lease

14 Industry Drive

Caboolture

Land

1648m2

$29,400

Net

Lease

33/39 Aerodrome Road

Caboolture

Industrial

108m2

-

$18,240

Gross

Lease

5/52 Beerburrum Road

Caboolture

Industrial

117m2

-

$14,400

Net

Lease

2/41-45 Cessna Drive

Caboolture

Industrial

321m2

-

$38,400

Gross

-

SOLD OR LEASED PRICE

NET OR GROSS

$/SQM

2263m2

$723,000

-

$319

755m2

1412m2

$72,000

Gross

$95

Industrial

54m2

-

$9,480

Gross

$175

Caboolture

Industrial

100m2

-

$18,720

Gross

$187

21/22-26 Cessna Drive

Caboolture

Industrial

59m2

-

$15,000

Gross

$254

Leased

9/18-20 Cessna Drive

Caboolture

Industrial

237m2

-

$24,000

Net

$101

Leased

2/76 Lear Jet Drive

Caboolture

Industrial

220m2

-

$28,600

Net

$130

STATUS

ADDRESS

SUBURB

Sold

Lot 1 Peter Rash Court

Caboolture

Land

Leased

3 Roseby Road

Caboolture

Industrial

Leased

27/39 Aerodrome Road

Caboolture

Leased

7/41-45 Cessna Drive

Leased

TYPE

BUILDING AREA (M2)

-

LAND AREA (M2)

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

RECENT NOTEWORTHY TRANSACTIONS NORTHERN CORRIDOR GROUP

20-22 Concorde Place, CABOOLTURE

ED

! ED ED NE AS TIES

LE OPER

E OR

M

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

PR

Leased - $90,000 P/A GROSS [Agents - Aaron Canavan & Chris Massie] 2/8-10 Skyreach Street, CABOOLTURE

ED

! ED ED NE AS TIES

LE

RE

MO

• 660m2 warehouse with ample parking • Large roller door access - front & rear • 10 designated parking spaces • Air-conditioned offices (mezzanine) • Onsite facilities • 3 Phase power • Phone & data provisions

ER

OP

PR

Leased - $73,500 P/A NET [Agents - Aaron Canavan & Chris Massie]

D!

3 & 4/6-16 Cessna Drive, CABOOLTURE

ED

D EE

E N AS IES LE OPERT

• 1,200m2 highbay industrial warehouse • Clear span with container drop down area • 2x Roller door access • 2x Entrance points with ample room for semitrailer access • High power supply • Internal amenities

R EP

R

MO

AGENT PROFILES

CHRIS MASSIE 0412 490 840

C O M M E R C I A L P R I N C I PA L 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.

Leased - POA [Agents - Aaron Canavan & Chris Massie] 1A/22-24 Aerodrome, CABOOLTURE

ED

! ED ED NE AS TIES

LE OPER

• 527m2 Modern Industrial Warehouse/Office • Large Double Roller Door at Front & Rear • Ample On-Site Parking • Excellent Exposure to Busy Aerodrome Road • Internal Amenities • Power, Phone & Data Provisions

R EP

R

MO

Leased - POA [Agents - Aaron Canavan & Chris Massie] 72 Lear Jet Drive, CABOOLTURE

ED

D D! NEE OL TIES

S

R

MO

• 978m2 building • 2,458m2 Secure freehold lot • Fully tenanted • Prominent location on tightly held estate • Exposure to Bruce Highway

ER

OP

R EP

Sold - Off Market Sale [Agent - Chris Massie] 21 Strathvale Court, CABOOLTURE

ED

D D! NEE OL TIES

S E OR

M

• 5,794m2 across two lots • 1,000m2 approx warehouse • 2 x 5 tonne gantry cranes • Vacant possession • Close to Highway

ER

OP

PR

Sold - $1,600,000 [Agent - Chris Massie] Property outlines and sizes are approximate

AARON CANAVAN 0447 744 948

SALES & LEASING EXECUTIVE Aaron joined our Commercial Northern Corridor Group team as a Leasing Associate in 2014, following a career as a golfer & full time member of the PGA, playing professional tournaments & coaching the game for nearly 3 years.

Aaron quickly became an integral part of our sales & leasing team & has a true passion for the Moreton Bay market, having lived in the area most of his life. He understands what it takes to achieve success & prides himself on the ability to understand people & listen to their needs.

In Financial Year 2016/2017 Aaron received his first Premier Agent award which he has maintained each year since.

PROPERTIES FOR SALE OR LEASE NORTHERN CORRIDOR GROUP

E DED AS S NEE E L IE

R RT FOPROPE RE

MO

34-36 Cessna Drive, CABOOLTURE Ray White Commercial Northern Corridor Group is pleased to offer 34-36 Cessna Drive, Caboolture for Lease.

Multiple sizes available from 320m2 to 1,735m2 with the ability to combine multiple warehouses Contact Chris Massie on 0412 490 840 or Aaron Cananvan to arrange an inspection or for more

• Quality tilt slab warehouses • Internal office fit out • Ability to combine multiple warehouses • High bay electric roller doors • Internal amenities • Prominent exposure to Bribie Island Road • Good access • Minutes to Bruce Highway

For Lease - POA [Agents - Chris Massie & Aaron Canavan]

ED LE NEED A S ES

R TI FO ROPER

RE

MO

P

D SE NEEDE A E S

R L RTIE FOPROPE RE

MO

100-138 Mcnaught Road, CABOOLTURE

3/47 Lear Jet Drive, CABOOLTURE

• Immediate access to Bruce Highway & D'Aguilar Highway • 24-hour General Industry use • Flexible lot sizes from 1,000m2 to 5ha • Covenant free design options • Suit developers or owner occupiers • Design & Construct options available • B-Double access • Infrastructure charge credits in place

• 350m2 Tilt slab warehouse • Two 4.5m x 5m Electric Roller Doors (Front & Rear) • 50m2 (approx.) showroom with glass window front • 400m2 display yard with Bruce Highway frontage • Security system • Staffroom & kitchenette with male & female toilet amenities • 3 phase power • Situated within the Corporate Park Industrial Estate

For Sale - POA [Agents - Chris Massie & Ashley Rees]

For Lease - $4,950 P/M Net [Agents - Chris Massie & Aaron Canavan]

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

Property outlines and sizes are approximate

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

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

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

raywhitecommercialnortherncorridorgroup.com.au

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