In The Know - Central Sunshine Coast Q2 2019 |Ray White Commercial | Northern Corridor Group

CENTRAL SUNSHINE COAST

FOR SALE 1/526 Maroochydore Road, Kunda Park

MICHAEL SHADFORTH 0488 981 076 C O M M E R C I A L P R I N C I PA L

ONE TEAM - THREE LOCATIONS

EMILY PENDLETON 0402 435 446

SALES & LEASING EXECUTIVE

JORDAN HAYES 0417 999 331

SALES & LEASING EXECUTIVE

JULIE RYAN 0447 445 453

MAJOR ASSET SALES

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 Norther 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

CENTRAL SUNSHINE COAST NORTHERN CORRIDOR GROUP

THIS MONTH’S FEATURE ARTICLE WRITER IS AGENT JULIE RYAN OF THE NORTHERN CORRIDOR GROUP

ARE WE READY FOR EXPLOSIVE GROWTH?

Just one more example is the airport extension which will not only bring tourists, it will enhance connectivity to business and markets throughout Australia and the world.

As Australia’s 9th largest city, the Sunshine Coast is already booming at a rate which is challenging to keep up with. Large numbers of projects (more than $18 billion worth) which have long been in the “coming soon” category are now complete, or strongly underway.

Would you like the ‘heads up’ on where to invest on the Sunshine Coast? Please contact Julie Ryan for a personal briefing or copy of “Connecting the Dots: 8 Most Important Things To Know About Significant Investment In Sunshine Coast Property”. We would be glad to help you make effective investment decisions when considering the Sunshine Coast.

Our concern is that if more investors and developers do not dive in soon, we will be very short of the kinds of property keenly in demand, and this could slow our growth.

So what is in demand?

Profile of all 30,479 local businesses in 2017

As an example. the new Maroochydore CBD will provide (through it’s mixed use format) the opportunity for a highly desirable lifestyle in a modern “walkable” community. Young people in particular enjoy being able to eat out nearby, walk or bike to work and all with fun precincts nearby (nightlife, beaches, cafe’s). This lifestyle is rapidly increasing in other Australian cities with vibrant mixed use buildings popping up in desirable locations and/or on transport nodes.

The submarine broadband cable will have an enormous impact on our IT sector. Currently, just 1% of business on the Coast are IT. Once the data centres that go with the broadband cable’s arrival are committed, the access to this cable (and our attractive lifestyle) will create massive growth. It is not just traditional IT business which are likely to be attracted, but small and mediumsized innovators who are attracted to the location and access to a highly educated workforce. The Sunshine Coast University’s Bachelor of Serious Games feeds into emerging fields who use gaming technology for uses well outside of “games”.

FOR LEASE - NEW PROPERTIES LAST QUARTER Size

Median Size

Quantity

<200

139

22

200-500

227

>500

918

THIS QUARTER Annual Rent/m

Size

Median Size

$210

<200

107

17

$180

5

$127

200-500

297

12

$120

7

$100

>500

645

7

$114

2

Quantity

Annual Rent/m2

FOR SALE - NEW PROPERTIES LAST QUARTER Size

Median Size

Quantity

<200

128

21

200-500

266

>500

1000

THIS QUARTER Sale Rate/m2

Size

Median Size

Quantity

Sale Rate/m2

$2,654

<200

113

1

$2,611

5

$1,522

200-500

0

0

$0

9

$1,448

>500

735

4

$1,617

CENTRAL SUNSHINE COAST 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 SALE/LEASE

ADDRESS

SUBURB

NLAM2

SALE $/M2)

LEASE $/M2

113m2

$2,611

-

$1,938

-

Sale

30/82 Sugar Road

Maroochydore

Sale

3/20 Brookes Street

Nambour

80m

Lease

11/20 Brookes Street

Nambour

71m2

-

$141

Lease

1/14 Depot Street

Nambour

80m

2

-

$200

Lease

21/7172 Bruce Highway

Buderim

164m

2

-

$130

Lease

23/7172 Bruce Highway

Buderim

148m

2

-

$130

Lease

1/526 Maroochydore Road

Buderim

2016m2

-

$124

Lease

8-12 Sandalwood Lane

Buderim

200m2

-

$110

Lease

4/71 Wises Road

Maroochydore

266m

2

-

$150

Lease

15/82 Sugar Road

Maroochydore

293m

2

-

$130

Lease

1/12 Kelly Court

Maroochydore

96m2

-

$273

Lease

1/35 Hitech Drive

Buderim

123m2

-

$151

SALE $/M2)

LEASE $/M2

159m2

$2,201

-

3392m2

$1,946

-

$1,831

-

$2,448

-

2

SOLD OR LEASED SOLD/ LEASED

ADDRESS

SUBURB

NLAM2

Sold

5/33 Enterprise Street

Kunda Park

Sold

13 Kayleigh Drive

Maroochydore

Sold

7/24 Hoopers Road

Kunda Park

295m

2

Sold

3/40 Kerryl Street

Kunda Park

143m

2

Leased

1/14 Depot Street

Maroochydore

100m2

-

$200

Leased

1/106 Enterprise Street

Kunda Park

155m

2

-

$120

Leased

4/12 Norval Court

Maroochydore

121m

2

-

$165

Leased

10/127 Sugar Road

Maroochydore

169m

2

-

$147

Leased

1/49 Industrial Avenue

Kunda Park

288m2

-

$162

Excellence Personified

L O C AT I O N

Queensland’s strongest growth corridor. 1k from the new Sunshine Coast University’s Moreton Bay Campus

FOR SA L E Ray White Commercial Northern Corridor Group is please to offer 774 Gympie Road Lawnton for sale.

VA LU E

Strong property and investment fundamentals

Highly visible location situated at the intersection of two major roads and fronting Gympie Road, the main arterial road for Petrie, Lawnton and Strathpine.

High growth corridor underpinning the success of tenancies and well established tenants including 2 national tenants Quality, well-maintained asset in a growth hotspot.

E X EC UT I V E SUM M A RY

N AT I O N A L TENANTS Dulux & Anytime Fitness

Address:

774 Gympie Road, Lawnton 4501

Real Property Details:

Lot 21 RP 220912

NLA:

1412m2

Land Area:

3561m2

Zoning:

Local Centre

Local Authority:

Moreton Bay

Current Net Income:

$424,392

WALE:

5.38 Expressions of Interest Closing Thursday 6th June

Method of Sale:

CONTACT AGENTS JULIE RYAN 0447 445 453 OR MICHAEL SHADFORTH 0488 981 076

RECENT NOTEWORTHY TRANSACTIONS NORTHERN CORRIDOR GROUP

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! EED LD ES N SO ERTI

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5/33 Enterprise Street, KUNDA PARK • 159m2 ground floor, open plan warehouse • 25m2 air-conditioned office/mezzanine • High clearance roller & personal access door • 3 exclusive car parks • Low outgoings (body corporate, rates & water) • Internal amenities • Located in the heart of Kunda Park

OP

R EP

MO

Sold - $341,000 [Agent - Emily Pendleton] ED

! ED ED NE AS TIES

LE

RE

MO

10/127 Sugar Road, MAROOCHYDORE • 169m2* of ground floor area and 76m2* of mezzanine space available this premise offers ample room for a variety of uses.

• Air conditioned show-room • Separate workshop • Burglar alarm system & security screens • Large frontage for signage

ER

OP

PR

Leased - $24,828 PA [Agents - Emily Pendleton & Michael Shadforth] ED

! ED ED NE AS TIES

LE OPER

E OR

M

1/106 Enterprise Street, KUNDA PARK • First unit in quite industrial Complex • Area: 155m2 • 105m2* of warehouse • 50 m2* of office space • Two 4.5 wide roller doors • Exposure and visibility from Enterprise Street • 2 Air conditioned Offices

PR

Leased - $24,440 [Agent - Emily Pendleton] ED

! ED ED NE AS TIES

LE OPER

R

23/82 Sugar Road, MAROOCHYDORE

EMILY PENDLETON 0402 435 446

SALES & LEASING EXECUTIVE Emily commenced her sales career with Financial Advisors, a role she enjoyed for three years, before transitioning into commercial real estate.

Starting as a sales cadet in 2013, she quickly established herself as a retail specialist for Mooloolaba and Maroochydore before joining the Ray White Commercial Northern Corridor Group in 2014 as sales and leasing agent.

The Big Top, River Markets and Moko are just a few of the developments she has been involved in successfully marketing and leasing. Emily has a Certificate IV in Mortgage Broking and Insurance, a Diploma in Financial and Mortgage Broking and traineeship in Insurance Broking Management.

She is currently studying for a BA degree in Property Economics and Development at the University of the Sunshine Coast. Originally from Melbourne, she has called the Sunshine Coast home since 2004.

• Area 143m2* • 117m2* warehouse & 26m2* air-conditioned office/mezzanine • High clearance roller door • Kitchenette & two toilets • One exclusive undercover car park • Central Maroochydore location

R EP

MO

AGENT PROFILES

Leased- $20,000 [Agent - Emily Pendleton] ED

D D! NEE OL TIES

S

R

MO

ER

OP

R EP

7 Avian Street, KUNDA PARK • 245m2 • Internal amenities • Freestanding with good access in and out • Ample street car parking

Sold - $510,000 [Agent - Emily Pendleton]

ARE YOU THINKING OF

SELLING OR LEASING? Speak to your local area experts today

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

MICHAEL SHADFORTH 0488 981 076 C O M M E R C I A L P R I N C I PA L

As Managing Director/Commercial Principal, Michael brings more than twenty years of successful sales and innovative marketing experience from a broad range of industries to the team. His expertise and proven history provides Ray White Commercial Northern Corridor Group clients with the strategic advantage in tailoring investors and tenants to projects so that all parties’ needs are addressed and the project is a success. He represents the next generation of the well-known and iconic Shadforth family, which has a long history and wealth of experience in development, project management, consulting and contracting throughout Australia.

PROPERTIES FOR SALE OR LEASE NORTHERN CORRIDOR GROUP

E DED ALES NEE S R TI

FO ROPER

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MO

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E DED ALES NEE S R TI

FO ROPER

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MO

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8/127 Sugar Road, ALEXANDRA HEADLAND

5/8 Progress Road, MAROOCHYDORE

• Providing 198m2 of clear span • Tilt slab warehouse space • Front office space • Kitchenette facilities • Bathroom facilities • Mezzanine • Ample car parking • Situated on the edge of the ever-expanding Maroochydore City Centre

• Situated in a tightly held precinct • 180m2 of functional warehouse and office space • Minutes from the Sunshine Motorway & Sunshine Plaza the shed offers easy access to all key locations on the coast.

• The current tenant is keen to stay in place having occupied the premises for 9 years, alternatively move in and set up your own thriving business.

For Sale - $445,000 Jordan Hayes & Michael Shadforth

ED LE NEED A S ES

R TI FO ROPER

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MO

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For Sale - $350,000 Jordan Hayes & Michael Shadforth

D SE NEEDE A E S

R L RTIE FOPROPE RE

MO

30/82 Sugar Road, MAROOCHYDORE

1/35 Hitech Drive, KUNDA PARK

• 82m2 ground floor warehouse • 31m2 mezzanine (carpeted & airconditioned office) • Two internal toilets, one upstairs and downstairs • One exclusive car park and ample visitor car parks • Current tenant is on a month to month lease which allows the buyer to purchase either as an investment or we can provide the tenant 30 days notice to vacate to sell vacant possession. The tenants will sign a longer lease.

• Freestanding warehouse in corner location with good access • Sub-lease opportunity to rent 125m2 of warehouse and 32m2 of air-conditioned office space • Exclusive high clearance roller door • Share toilet/kitchen facilities with one other tenant • On site car parking available • Signage opportunities available • Shared outgoings which make costs low

For Sale - $295,000 Emily Pendleton & MIchael Shadforth

For Lease - $18,600 Net Emily Pendleton

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

*Approximate

OUR TEAM

NORTHERN CORRIDOR GROUP

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

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

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

raywhitecommercialnortherncorridorgroup.com.au

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