In The Know - Central Moreton Bay Q2 2019 |Ray White Commercial | Northern Corridor Group

CENTRAL MORETON BAY K CLIC RE MO FOR ILS DETA

FOR SALE 25 Magnesium Street, Narangba [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 E N T R A L M O R E TO N B AY NORTHERN CORRIDOR GROUP

25 MAGNESIUM STREET, NARANGBA

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Large warehouse & office on 4,690m2 lot This supremely functional low site coverage industrial property is a logistics operator's dream! Where else can you find this user-friendly combination of heavy vehicle access, high clearance warehouse, office and secure yard on your own freehold lot?

Investors, benefit from the booming interest of "last mile delivery" companies repositioning to the north side to capitalise on the ever expanding population of North Lakes and surrounding suburbs.

• 4,690m2 lot • Approximately 620m2 of Warehouse & office • General industry zoning • Drive around semi access • Ample undercover car parking • Located in Narangba Industrial Estate, minutes to the Bruce Highway For further information or to book an inspection contact marketing agent Chris Massie on 0412 490 840.

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

1

2

0-200m2

$174/m2

$130/m2

200-500m2

6

8

200-500m2

$121/m2

$121/m2

>500m2

7

7

>500m2

$114/m2

$111/m2 Property plans and sizes are approximate

CENTRAL MORETON BAY 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

TYPE

BUILDING AREA (M2)

LAND AREA (M2)

PRICE

NET OR GROSS

61m2

-

$279,000

-

Land

-

7398m2

POA

-

Burpengary East

Land

200m2

2056m2

POA

-

25 Magnesium Street

Narangba

Industrial

620m2

4690m2

POA

-

Lease

1A/1-3 Business Drive

Narangba

Industrial

35m2

-

$864 P/M

Gross

Lease

9/1-7 Mariner Boulevard

Deception Bay

Industrial

81m2

-

$2,365 P/M

Net

Sale

1/2 Commerce Place

Burpengary

Medical

Sale

1 Arthur Drewett Drive

Burpengary

Sale

206 Bruce Highway Eastern Service Road

Sale

SOLD OR LEASED STATUS Sold

ADDRESS

SUBURB

TYPE

BUILDING AREA (M2)

3/10 Helium Street

Narangba

Industrial

282m2

Leased

3 Ferrier Road

Narangba

Industrial

406m2

Leased

27/39 Aerodrome Road

Caboolture

Industrial

54m2

LAND AREA

PRICE

NET OR GROSS

$/SQM

-

$382,000

-

$1,355

Net

$148

Gross

$175

1024m2 $60,000 P/A -

$9,480

ARE YOU THINKING OF

SELLING OR LEASING? Speak to your local area experts today

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

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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AGENT PROFILES

3/10 Helium Street, NARANGBA • 282m2 compromising of 200m2 warehouse + 82m2 office space • Large ducted air-conditioned office • Mezzanine storage • 3 Phase power • Container height electric roller door • 5 Exclusive car parks

Sold - $382,000 [Agent - Chris Massie]

BLAKE PRIMROSE 0423 555 043

C O M M E R C I A L L E A S I N G A S S O C I AT E ED

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8&9/657-659 Deception Bay Road DECEPTION BAY • 600m showroom located in Homemaker Centre • Modern bulky goods store • Glass window shop front • High bay ceilings • Air conditioning • Internal amenities • Large capacity parking 2

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

ARE YOU THINKING OF

SELLING OR LEASING?

After a successful 5 year career in the hospitality industry, Blake made the decision to join the Ray White Commercial Northern Corridor Group in 2017.

Working closely with Director of the Moreton Bay office Chris Massie, Blake is quickly learning the ins and outs of the industry & his knowledge and passion for real estate grows with each lease or sale.

He prides himself on establishing long term relationships with clients & delivering exceptional service with each transaction. Blake's commitment to go above & beyond his clients expectations ensures both parties always get the best possible outcome.

Speak to your local area experts today

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

WHAT'S YOUR NEXT MOVE?

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.

* Property outlines and sizes are approximate

PROPERTIES FOR SALE

NORTHERN CORRIDOR GROUP

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206 Bruce Highway Eastern Service Road, BURPENGARY EAST Ray White Commercial Northern Corridor Group is pleased to offer 206 Bruce Highway Eastern Service Road, Burpengary East for Sale.

For further information or to arrange an inspection, please contact exclusive marketing agent Chris Massie on 0412 490 840

• 2,056m2 lot • Uninterrupted highway exposure • Multiple sheds and office space on site • Light Industry zoning • Located 30 mins to Brisbane Airport, 45 mins to Brisbane CBD & 45 mins to Sunshine Coast • Quick access to Bruce Highway

For Sale - POA [Agent - Chris Massie 0412 490 840]

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650 Old Gympie Road, NARANGBA

1 Arthur Drewett Drive, BURPENGARY

• High profile 4,226m2 corner lot • Flexible General Industry Zoning • 900m2 approx. building area • Combination of office and clear span warehouse • Low site coverage with expansion or development potential • Fully fenced with additional hardstand areas • Immediate north and south bound Bruce Highway access

• 7,398m2 corner block • Zoned Light Industry • Fully serviced level pad • Opportunity for development • Located behind Burpengary Tavern, directly off Bruce Highway Eastern Service Road • Minutes to Bruce Highway and Burpengary Town Centre

For Sale - POA [Agent - Chris Massie 0412 490 840]

For Sale - POA [Agents - Chris Massie 0412 490 840]

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

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 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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