In The Know - Caboolture Industrial Q3 2019 |Ray White Commercial | Northern Corridor Group

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CABOOLTURE INDUSTRIAL AREA EXPERTS

AUCTION (SEE PAGE 4) 21 LEAR JET DRIVE, CABOOLTURE

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

S E N I O R P R O P E R T Y A N A LY S T

3 RD QUARTER 2019

WELCOME

The industrial stock shortage is still the most influential factor in the North Moreton area, with the squeeze on functional options forcing many businesses into multiple-tenancy solutions.

There is some relief on the horizon, with construction of the first stage of Corporate Park East nearing completion, but we will be well into 2020 before keys for new buildings will be handed over.

A word from Chris The second quarter of 2019 was definitely a tale of two halves.

The prolonged Easter break rolling into an election put the brakes on speculative activity as investors and businesses alike went into stand-by mode. This quickly turned after the election, leading to June being the most productive month of the FY19 year, up 12% on 2018.

How we measure

UP

Investor appetite for the Northern Corridor continues to gain momentum off the back of key infrastructure announcements and population growth projections. This pipeline of work provides an insulation to daily fluctuations that investors are gravitating to, and rightly so. Quality investment stock remains tight, so owners with an alternative use for their cash are capitalising on the market conditions.

Chris Massie Commercial Principal

2019 2ND QUARTER sales & leasing results

Q2 Sales $17,125,610 5 Industrial 6 Retail 5 Office

25 TOTAL SALES

8 Land 1 Other

Q2 Leases $2,453,676 17 Industrial 22 Retail 14 Office 4 Land 2 Other

59 TOTAL LEASED

NCG DEPARTMENT HEADS

MICHAEL SHADFORTH SUNSHINE COAST COMMERCIAL PRINCIPAL 0488 981 076

ASHLEY REES SENIOR PROPERTY ANALYST 0411 707 410

PAUL LUMTIN EXECUTIVE DIRECTOR 0428 222 620

GUY UPCHURCH DIRECTOR OF ASSET MANAGEMENT 0410 614 240

BROCKE HAMBRECHT SALES & LEASING EXECUTIVE & GROUP AUCTIONEER 0466 599 724

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CABOOLTURE INDUSTRIAL AREA EXPERTS - LEASED PROPERTY

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Off-market sales of investment stock have dominated activity on the estate, with over $12m of property changing hands behind the scenes in recent months. Yields are improving and the prices being achieved show some much welcomed capital growth for Corporate Park owners.

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4/95 LEAR JET DRIVE, CABOOLTURE

• 295m²* high clearance unit • Professional glass window frontage • Good natural lighting throughout

$90,000 P/A NET - CHRIS & AARON

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2/23-25 LEAR JET DRIVE, CABOOLTURE

• 1,200m²* highbay industrial warehouse • Clear span with container drop down area • 2x Roller door access

• 184m²* warehouse with rear access • Positioned next to the McDonalds drive thru entrance offering high exposure & signage

$30,000 P/A NET - CHRIS & AARON

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$25,200 P/A GROSS - CHRIS & AARON

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3 & 4/6-16 CESSNA DRIVE, CABOOLTURE

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1/6 AUSTER COURT, CABOOLTURE

3 ROSEBY ROAD, CABOOLTURE

9/30-36 DICKSON ROAD, CABOOLTURE SOUTH

• 200m²* warehouse/office space comprising of 160m²* warehouse & 40m²* of office • 3 Phase power

• 755m²* stand along office/warehouse • 3 phase power • 3x container height roller doors

• 251m²* warehouse/showroom comprising 200m²* warehouse and 40m²* office • Air conditioning throughout office

$22,800 P/A NET - CHRIS & AARON

CONTACT AGENTS - CHRIS & AARON

CONTACT AGENTS - CHRIS & AARON

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

SALES 2019 AVERAGE

* Property outlines, sizes & landmarks indicative

RENT 2019 AVERAGE

SIZE

FIRST QUARTER

SECOND QUARTER

THIS QUARTER

SIZE

FIRST QUARTER

SECOND QUARTER

THIS QUARTER

0-200m2

8

7

5

0-200m2

$139/m²

$139/m²

$140/m2

200-500m2

6

8

7

200-500m2

$120/m²

$119/m²

$124/m2

>500m2

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6

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>500m2

$110/m²

$111/m²

$117/m2

WHAT'S YOUR NEXT MOVE

SELLING OR LEASING? Speak to your local area experts today

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

AGENTS TOP PICK

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FOR SALE - AUCTION 300M² OFFICE/WAREHOUSE WITH AMPLE HARDSTAND Located within the popular and well-established Corporate Park Estate just minutes to the Bruce Highway and major transport links.

For sale via Auction 10.30am Friday 6 September 2019 to be held in rooms at Level 26, 111 Eagle Street, Brisbane.

For further information please contact exclusive marketing agent Chris Massie | 0412 490 840

21 LEAR JET DRIVE, CABOOLTURE

• 2,817m²* industrial lot • 200m²* warehouse with 100m²* office across two levels • 2,327m²* of hardstand • Ample 3 phase power • 6m high ceiling • 2 x front roller doors (5m wide) • Kitchenette • Internal male/female amenities • Large hardstand area • Located just minutes to Bruce Highway

The scale of the whole Corporate Park Estate development is truly impressive and has to be seen to be appreciated!

We are on the final stretch for the completion of stage 1 with the final road preparation well under way and we expect to see the curb and channel nearing completion by early August.

The sewer, water and telecommunications have been installed throughout stages 1 and 2 and interest is escalating in line with the site progress.

Call today to arrange a site tour with Chris or Ashley Chris Massie | 0412 490 840 | chris.massie@raywhite.com Ashley Rees | 0411 707 410 | ashley.rees@raywhite.com

* Property outlines, sizes & landmarks indicative

CABOOLTURE INDUSTRIAL AREA EXPERTS - FOR SALE & LEASE PROPERTY

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3 CHILDS STREET, CABOOLTURE

5 CHILDS STREET, CABOOLTURE

1&2/6 AUSTER COURT, CABOOLTURE

• 3 office spaces • Energy saving 2kw solar panel • Air conditioned

• Large common area/meeting room • On site amenities • Dual street access (Henzell Rd & Childs St)

• 392m²* of warehouse/office space comprising 340m²* warehouse 52m²* office • 3 Phase power

$320,000 + GST (IF APPLICABLE) - CHRIS

$310,000 + GST (IF APPLICABLE) - CHRIS

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$3,700 P/M NET - CHRIS & AARON

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24/22-26 CESSNA DRIVE, CABOOLTURE

39 LEAR JET DRIVE, CABOOLTURE

7/22-26 CESSNA DRIVE, CABOOLTURE

• 86m²* of well presented warehouse/ office space comprising of 60m²* of warehouse space and 16m²* of office space

• 950m²* of tilt panel warehouse fronting the Bruce Highway • 5 electric container height roller doors

• 60m²* industrial unit • Internal toilet • Kitchenette

$1,300 P/M NET - BLAKE & CHRIS

$10,950 P/M NET - CHRIS

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

THERE HAS NEVER BEEN A BETTER TIME TO

INVEST IN COPORATE PARK EAST JOIN US TODAY FOR A SITE INSPECTION!

$866 P/M NET - BLAKE & CHRIS * Property outlines, sizes & landmarks indicative

PROPERTY OWNERS INSIGHT / CASE STUDY

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.

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.

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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!

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

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ADDRESS 72 LEAR JET DRIVE,CABOOLTURE

SITE AREA 2,458M² BUILDING AREA 978M²

MARKETING SPEND $0

HOT SPOT WHY THE TIDES HAVE TURNED 72 Lear Jet Drive is the latest in a string of off-market investment transactions completed

by Chris Massie and Ashley Rees of Ray White’s Northern Corridor Group that has seen over $12m of property change hands at Caboolture’s Corporate Park estate in the last eighteen months.

SALE PRICE $1,850,000

This fully leased freehold industrial property boasting two well established tenants sold for $1.85m, reflecting a yield of 7.0% at a rate of over $1,890m2. The ten year old property was purchased off market by the adjoining owner, following the recent renewal of the majority tenant in the complex.

The sale provides further confidence to the increasing number of speculative developers beginning to eye the Northern Corridor as a viable alternative to tighter held inner-city precincts.

“The lack of functional stock from Narangba to Caboolture has left so many local businesses bursting at the seams that there is some real low hanging fruit available for those developers willing to bring buildings out of the ground” said Chris Massie.

The first stage of Corporate Park East at Caboolture will be the first time sub-$300m² land has been released in the area since the mid 2000’s.

CHRIS MASSIE 0412 490 840

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

CABOOLTURE INDUSTRIAL EXPERTS

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16 PIPER STREET, CABOOLTURE • Located within the busy Corporate Park Industrial Estate • 16 on site car spaces • High power supply • High exposure to passing traffic

Contact Agents - Aaron & Chris

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34-36 CESSNA DRIVE, CABOOLTURE

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 5 Ray White agents in the country.

• Quality tilt slab warehouses • Internal office fit out • Multiple sizes from 320m²* to 1,735m²* • Ability to combine multiple warehouses

Contact Agents - Aaron & Chris

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LOT 4, 100-138 MCNAUGHT ROAD, CABOOLTURE • 2,018m²* fully serviced freehold General Industry lot • 14 secure car parks • 2 x front container height roller doors for functional work flow • Side and rear roller doors for loading and cross ventilation

Contact agents - Chris & Ashley

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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.

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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.

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17A JOHNSON STREET, CABOOLTURE • Stand alone property - on up to 6,500m²* under roof at 9m high • A grade office and amenities with open clearspan warehouse • Covered all-weather loading • Container storage areas designed to suit

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

Contact agent - Chris * Property outlines, sizes & landmarks indicative

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

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

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

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

MICHAELA WEBB PA & ASSOCIATE TO CHRIS MASSIE 1300 25 50 75 michaela.webb@raywhite.com

LOUISE BRETT MARKETING MANAGER 0423 222 022 louise.brett@raywhite.com

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

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

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

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

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

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

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

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

PINE RIVERS

SUNSHINE COAST

MORETON BAY

OUR TEAM

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

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SHAYNA KIRK GROUP EXECUTIVE ASSISTANT 0433 574 694 shayna.kirk@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

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