In The Know - Caboolture Industrial Sector Q4 2019| Ray White Commercial Northern Corridor Group

COMPETITION CREATORS

MULTI AW WINNIN ARD G TEAM

I N T H E KN OW EXPERT COMMERCIAL PROPERTY FOCUS

STAGE ONE COMPLETE

FOR SALE OR LEASE (SEE PAGE 6) CORPORATE PARK EAST

CABOOLTURE INDUSTRIAL EXPERTS

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

BLAKE PRIMROSE 0423 555 043

COMMERCIAL LEASING ASSOCIATE

ONE TEAM - THREE LOCATIONS | PINE RIVERS | MORETON BAY | SUNSHINE COAST

ASHLEY REES 0411 707 410

SENIOR PROPERTY ANALYST

4 TH QUARTER 2019

WELCOME

What we have is real feedback from the “Coalface” of business and there are two very different stories coming back from our two main buyer segments, being investors and businesses. Investors continue to struggle with finding a return for their capital outside of volatile share markets or inconsequential term deposits.

The result is a feverish appetite for quality investment stock.

Businesses do not carry the same bullish sentiment as investors, with margins across most industries remaining extremely tight and minimal free capital available to meet finance requirements to purchase property.

A word from Chris Quarter three produced its usual steady amount of activity this year due to the lack of any real benchmark like Christmas or June 30 that cause peaks and troughs.

Interest rate reductions have well and truly pushed our property market into uncharted territories, which is evident by the conflicting opinions of experts who have no real precedents to draw on.

How we measure

UP

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. We look forward to a strong close to 2019 and hold strong sentiment for the prospects of the 2020 commercial market across the Northern Corridor.

Chris Massie Commercial Principal

2019 3RD QUARTER sales & leasing results

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

23 TOTAL SALES

3 Land 2 Other

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

76 TOTAL LEASED

1 Land 2 Other

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

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 EXPERTS - SOLD & LEASED COMMERCIAL PROPERTY

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Supply remains the key issue for the industrial property market across the Northern Corridor, but particularly in Caboolture.

With only 17 vacancies from over 340 tenancies across all sizes on Corporate Park, the likelihood of businesses finding a functional solution to their requirement is low. This is resulting in an increase in the requests for purpose built properties on the new Corporate Park East estate, which will help ease some of this pent up demand but will not keep pace with the exploding population predicted for the region in the coming years.

There is little relief in sight for the sub-500m2 size range where most of the current demand appears to be centred.

Functional 200m2 buildings remain in high demand, with 16 active requirements currently in the market. Increasing building prices can be expected to widen the gap between tenant budgets and owner expectations for any new stock being speculatively constructed over the coming year.

The recent announcement by AV Jennings that they will be fast tracking development of their portion of the Caboolture West Investigation Area has provided additional external interest from those businesses looking to position themselves for the resulting construction spike. These companies will add competition to a Caboolture industrial market that has traditionally only been driven by organic growth of local businesses.

The Northern Corridor Group, your local area commercial property experts N! D TIONEEDE C U S

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1/1 LEAR JET DRIVE, CABOOLTURE

2/6 AUSTER COURT, CABOOLTURE

14 INDUSTRY DRIVE, CABOOLTURE

• For sale via Auction on Thursday 24th October 2019 at 10:30am • 194m2* Industrial warehouse

• 110m²* industrial warehouse • Zoned GI • A/C reception and office

• 1648m²* fully fenced hardstand for lease • Donga site office with air conditioning • On site toilet

SOLD AT AUCTION $345,000 | CHRIS

LEASED $1,600 P/M NET | CHRIS

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LEASED $2,000 P/M GROSS | CHRIS | AARON

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21 LEAR JET DRIVE, CABOOLTURE

2/31 CESSNA DRIVE, CABOOLTURE

3/17 LEAR JET DRIVE, CABOOLTURE

• 2,817m industrial allotment • 306m2* office/warehouse • 186m2* warehouse

• 350m²* Comprising of 250m²* warehouse, 50m²* mezzanine storage and 50m²* of office/reception

• 175m²* Tilt panel warehouse located within Corporate Park Industrial Estate • Internal amenities

SOLD PRIOR TO AUCTION $1,300,000 | CHRIS

LEASED $2,500 P/M GROSS | CHRIS | AARON

LEASED $1,625 P/M NET | CHRIS | BLAKE

2*

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

VACANCIES 2019 CURRENT SIZE

* Property outlines, sizes & landmarks indicative

RENT 2019 AVERAGE

FIRST SECOND THIRD THIS QUARTER QUARTER QUARTER QUARTER

0-200m2

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200-500m2

6

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>500m2

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YOUR AWARD WINNING TEAM TEAM OF THE YEAR 2018 - 2019

SIZE 0-200m2

FIRST SECOND THIRD THIS QUARTER QUARTER QUARTER QUARTER $139/m²

$139/m²

$140/m2

$132/m2

200-500m2 $120/m²

$119/m²

$124/m2

$122/m2

$111/m²

$117/m2

$120/m2

>500m2

$110/m²

AGENTS TOP PICK

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FOR SALE - OFFERS OVER $1,300,000 FREEHOLD ALLOTMENT + WEIGHBRIDGE BUSINESS The opportunity exists to secure this freehold allotment and public weighbridge business with additional income from Department of Transport and Main Roads, who occupy 75% of the allotment.

For further information or to book an inspection please contact marketing agent Chris Massie today!

Chris Massie | 0412 490 840 | chris.massie@raywhite.com

35 PIPER STREET, CABOOLTURE • 1,908m2* freehold allotment • Covered weighbridge and office • Net income of $130,430.94* (from business & tenant) • Public Weighbridge business • Operated for over 20 years • Inspection Station (leased to Department of Transport & Main Roads) • Previous approval for an additional 350m2 building • Corner site with two street access • Quick access to Bruce Highway & D'Aguilar Highway * Approximately

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

AUCTION AVERAGE DAYS ON MARKET

41.2

NON-AUCTION AVERAGE DAYS ON MARKET

310

* Property outlines, sizes & landmarks indicative

CABOOLTURE INDUSTRIAL EXPERTS - FOR SALE & LEASE COMMERCIAL PROPERTY

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26 PIPER STREET, CABOOLTURE

4/45 LEAR JET DRIVE, CABOOLTURE

• 400m Industrial/office facility situated on a 2000m2* lot • Full drive around access + secure gated

• 239m²* of tilt panel warehouse accompanied by 1500m2* of hardstand fronting to the Bruce Highway

2*

CONTACT AGENTS | AARON | CHRIS

$9,850 P/M NET | CHRIS | AARON

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LOT 15 MCNAUGHT ROAD, CABOOLTURE Corporate Park East now offers one of the only opportunities in North Brisbane to secure a standalone industrial facility on quarter acre lot. This functionally designed building provides all the operational flexibility of a freehold property, all with a sub-million-dollar price tag!

• 1,000m²* fully serviced freehold • 24-hour General Industry use • 504m²* clear span tilt panel warehouse • Provision for up to 96m²* of air-conditioned mezzanine office

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8/75 PASTURAGE ROAD, CABOOLTURE

2/23-25 LEAR JET DRIVE, CABOOLTURE

• 493m open plan industrial facility • 3 phase power throughout • Roller door access

• 295m2* high clearance unit • Open plan • Container height roller door

2*

$999,000 + GST | CHRIS | ASHLEY

$3,900 P/M + GST | AARON | BLAKE

$2,500 P/M NET | AARON | CHRIS

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3/75 PASTURAGE ROAD, CABOOLTURE

27/39 AERODROME ROAD, CABOOLTURE

10/39 AERODROME ROAD, CABOOLTURE

• 235m open plan industrial space • Roller door access • Internal toilet/kitchenette

• 54m2* Warehouse with roller door access • Telephone provisions • On site car parking and amenities

• Roller door access • Kitchenette facilities • Power and telephone provisions

2*

$1,860 P/M + GST | AARON | BLAKE

$650 P/M ALL INC | BLAKE | CHRIS

$790 P/M | BLAKE | CHRIS

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

AVERAGE OFFERS PER PROPERTY

AVERAGE ENQUIRY

5

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 / CORPORATE PARK EAST

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.

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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.

Morayfield

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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

Caboolture CBD D’Aguilar Highway

Bruce Highway

Corporate Park

Sunshine Coast

STAGE 1 STAGE 2 STAGE 3

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

Stage 1 is now complete and strong demand means stages 2 & 3 are being fast tracked for immediate delivery.

THERE HAS NEVER BEEN A BETTER TIME TO

INVEST IN CORPORATE PARK EAST

JOIN US TODAY FOR A SITE INSPECTION!

YOUR AWARD WINNING TEAM TOP 4 LEASING FEES

Our team will be holding inspections on site most days so call today to arrange a site tour with exclusive marketing agent Chris Massie Chris Massie | 0412 490 840 | Chris.massie@raywhite.com

* Property outlines, sizes & landmarks indicative

CABOOLTURE INDUSTRIAL EXPERTS

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CHRIS MASSIE 0412 490 840

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

34 - 36 CESSNA DRIVE, CABOOLTURE Another major asset has transacted on Caboolture’s Corporate Park. This prominent complex fronting Bribie Island Road was sold by Chris Massie and Ashley Rees in an off-market transaction that has further cemented the industrial rates for the region.

The fully leased complex boasts 2,100m2 of tilt panel building on 4,000m2 across two titles and reflected a yield of 7.2%. The majority of the complex is occupied by the former owners, who will remain on as tenants.

The deal provides the perfect outcome for a buyer with a very specific appetite and a seller who can invest back into their business to facilitate expansion that might not otherwise be possible.

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.

This is the fourth off-market sale of a stand-alone industrial asset completed

by Chris on this estate in the last twelve months.

SOLD $3,500,000 | CHRIS

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

2/71 FLINDERS PARADE, NORTH LAKES This brand-new unit is located in the highly sought after North Lakes Business Park precinct.

FEATURES: • Architecturally designed office/warehouse • 335m²* comprising of 265m²* ground floor and 70m²* mezzanine • Quality internal building layout • Container height electric roller door • On site parking • High speed NBN connection • Kitchenette & disabled toilet facilities • Excellent natural lighting • Close proximity to town centre amenities & transport links • Easy access to Bruce Highway & major arterials

$53,000 P/A NET | ASHLEY

YOUR AWARD WINNING TEAM TOP 5 SALES AND LEASING FEES

Prior to joining the Commercial Northern Corridor Group, Ashley worked for a national civil and development company, project managing a number of commercial developments. He specialised in project marketing, as well as design and construct packages, for a seven year tenure with Caboolture Commercial successfully completing design and construct solutions for companies such as Shell Oils, Australia Post, IGA and Truckline.

He has a thorough understanding of town planning and construction costs. Ashley understands the intricacies of development and investment funding and has established an extensive nationwide network of developers, financiers and investors.

He specialises in start-to-finish project marketing, with a particular focus on preparing investment properties for sale.

ELITE BUSINESS LEADER TEAM OF THE YEAR

TOP 4 LEASING FEES

MULTI AWARD WINNING TEAM

TOP 5 SALES AND LEASING FEES

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

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

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

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

PINE RIVERS

SUNSHINE COAST

MORETON BAY

ADMIN TEAM OF THE YEAR

CUTTING EDGE AWARD

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

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

ONE TEAM - THREE LOCATIONS

F 1300 778 887

W raywhitecommercialnortherncorridorgroup.com.au