In The Know - Central Sunshine Coast Q3 2019 |Ray White Commercial | Northern Corridor Group

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CENTRAL SUNSHINE COAST REGION AREA EXPERTS

61-65 SIXTH AVENUE

FOR SALE (SEE PAGE 4) A&B/61-65 SIXTH AVENUE, MAROOCHYDORE

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

3 RD QUARTER 2019

WELCOME

The squashing of concerns around negative gearing and two successive interest rate adjustments have added confidence to an already robust investor market. Appetite is particularly strong for multitenanted freehold properties, regardless of tenant covenants.

We suspect this is in response to continued lender focus on buyer serviceability and risk mitigation.

A word from Michael The Sunshine Coast was not immune to the election and extended Easter Anzac period that really put the brakes on any pro-active business decision making across the region for most of the second quarter of this year. The positive rebound since the election has more than made up for this temporary dip, with notable increases in activity across most market sectors.

This was reflected across the Ray White Commercial group nationally, with June comfortably ending as the most productive month of the financial year, up 12% on 2018.

How we measure

UP

A big congratulations to Emily Pendleton, who reached Elite status for the financial year, which places her in the top 3% of agents in the Ray White group!

This is a great achievement and testament to her dedication.

Infrastructure investment across the Sunshine Coast continues to buoy investor and business sentiment. All lead indicators imply the region is nearing a market peak, with strong market conditions expected to maintain through to the next benchmark of the 2020 US election. It is truly an exciting time for commercial property across the Northern Corridor.

Michael Shadforth 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

CHRIS MASSIE MORAYFIELD COMMERCIAL PRINCIPAL 0412 490 840

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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CENTRAL SUNSHINE COAST SUMMARY - LEASED & SOLD COMMERCIAL PROPERTY

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Sun Central’s new CBD is dominating headlines for the Central Sunshine Coast area at the moment, with a number of buildings now in the design stage and strong conversations with significant businesses looking to make the move. Public access to the new precinct will be available this month and can be expected further bolster interest.

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• 28m²* Premise • Parking on street front • Private Parking

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1/126 ALEXANDRA PARADE, ALEXANDRA HEADLAND

54-56 BLACKALL TERRACE, NAMBOUR

• 48m²* • Ground floor with good signage exposure • Onsite car parking with 3 exclusive parks

• 157m²*internal floor area • 4,237m²* block of land • Commercial & Health-Hub Zoning

$13,000 NET P/A - JORDAN

$21,600 NET P/A - EMILY

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$38,000 NET P/A - EMILY

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3/110 SIXTH AVENUE, MAROOCHYDORE

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113 CURRIE STREET, NAMBOUR

5/8 PROGRESS ROAD, MAROOCHYDORE

199 BRISBANE ROAD, MOOLOOLABA

• 278m²* Fully equipped restaurant with kitchen & bar liquor license • Onsite amenities & air-conditioned

• 180m²* of warehouse & office space • Tenanted investment with long term tenant • Close to motorway & Sunshine Plaza

• Double story house consisting of 3 bed and & 2 bath with 2 large rooms downstairs on 508m²* Land area

$325,000 - JORDAN & MICHAEL

$675,000 - EMILY & MICHAEL

$50,000 NET P/A - EMILY & BLAKE ED

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8/127 SUGAR ROAD, ALEXANDRA HEADLAND

6/102 BURNETT STREET, BUDERIM

16/9 OCEAN STREET, MAROOCHYDORE

• Front office space & mezzanine • Kitchenette & bathroom facilities • Ample car parking

• Located on the ground floor within a two level, well presented and well maintained strata-titled complex 37m²*

• 32m²* in total, located on the top floor of the Centrepoint Arcade • Ample car parks at the rear

$427,500 - JORDAN & MICHAEL

$218,000 - EMILY

$125,000 - EMILY

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

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$210/m²

$180/m²

$143/m2

200-500m2

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$127/m²

$120/m²

$123/m2

>500m2

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>500m2

$100/m²

$114/m²

$89/m2

AGENTS TOP PICK

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FOR SALE - Expressions of interest HIGH PROFILE GROUND FLOOR SUITES COTTON TREE BEACHFRONT Located within the popular, well-established permanent and holiday letting resort Beaches at Sixth Ave is this beautifully fitted out ground floor suite for lease with two shop fronts.

Located within the tourist accommodation zone the property is approved for a number of uses such as indoor recreation, office, retail, medical/allied health or food and beverage.

For further information please contact agents Emily Pendleton on 0402 435 446 or Julie Ryan on 0447 445 453

A&B/61-65 SIXTH AVENUE, MAROOCHYDORE • 56m², 100m² or a total of 156m² available • Two seperate entrances, both beautiful glass shop fronts with exposure to Sixth Avenue and ample signage opportunities • Located within high profile resort Beaches on Sixth' • Walking distance to the beach • High exposure corner location within the complex • Ample car parking surrounding • Excellent signage opportunities • Quality fit out in place which can stay or be removed

WHAT'S YOUR NEXT MOVE

SELLING OR LEASING? Speak to your local area experts today

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

* Property outlines, sizes & landmarks indicative

CENTRAL SUNSHINE COAST AREA EXPERTS - FOR SALE & LEASE COMMERCIAL PROPERTY

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5/33 ENTERPRISE STREET, KUNDA PARK

12 PAGE STREET, KUNDA PARK

2/2B ROBERT STREET, KUNDA PARK

• 159m²* ground floor, open plan warehouse • 25m2 air-conditioned office/mezzanine • 3 exclusive car parks

• 3 phase power • Solar power • 4 high clearance roller doors

• Warehouse Size: 165m²*, ground floor office/showroom: 100m²*, mezzanine offices 91m²* with conference room closed office space

$22,260 P/A NET- EMILY

CONTACT AGENTS - $87,000 + OUTGOINGS (INC GST)

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$33,600 P/A NET - JORDAN & MICHAEL

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102-104 HOWARD STREET, NAMBOUR

24 TECTONIC CRESCENT, KUNDA PARK

3/38-40 ENTERPRISE STREET, KUNDA PARK

• Freestanding investment on one title • 1,566m²* land area • 1,379m²* building area

• 500m²* building on 1,000m²* land • CBD location of Kunda Park • Situated 4.7 kms from the Bruce Highway

• 115m²* ground floor, open plan warehouse • Bonus air-conditioned office and mezzanine storage space

$995,000 - EMILY

$270,000 - EMILY

CONTACT AGENTS - EMILY & MICHAEL

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9/188 ALEXANDRA PARADE, ALEXANDRA HEADLAND

5 CARTER ROAD, NAMBOUR

14/14 AERODROME ROAD, MAROOCHYDORE

• 99m²* Building • Tenanted investment - Alex Surf Shop • Located directly opposite the beach

• $90,000 Gross Income • 9,879m²* Block • 1,010m²* NLA across two buildings

• 192m²* internal space plus 36m2 private tiled courtyard • Dual access from the street and Sebel foyer

$950,000 - EMILY

$750,000 - JORDAN & MICHAEL

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

$895,000 - EMILY & MICHAEL * Property outlines, sizes & landmarks indicative

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 and 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.

Contact Guy Upchurch Director of Asset Management today on 0410 614 240 to discuss your next move

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 6/102 BURNETT ST BUDERIM QLD 4556

LISTED 12 APRIL 2019 SOLD 24 May 2019

BUDERIM COMMERCIAL SALES SPECIALIST The sale of this 37m² ground floor office/retail strata saw a fantastic result for the owner with the property being sold within a short time frame, with a number of well qualified buyers submitting their offer on the property.

MARKETING $1,713

SALE PRICE $218,000

The property was for sale with a number of other agents for over 4 months, but once Emily Pendleton took it on, she was able to find a buyer for the property within 3 short weeks. This is a prime example of how focus on a property is important, and in an oversupplied office market, offices are not something you can just put a sign up on and an internet listi ng, you need an agent who can drive their database and hunt for the buyers through various avenues to get you the best result. ‘We don’t wait, we hunt!’.

This sale has left a number of well qualified buyers leftover that are looking for similar property. If you have a vacancy in Buderim, or a lease coming up for renewal soon contact Emily Pendleton to find out how you can increase the value of your property by selling it vacant, and take advantage of this huge owner occupier demand right now for small strata space in Buderim.

EMILY PENDLETON 0402 435 446

SALES & LEASING EXECUTIVE

CENTRAL SUNSHINE COAST AREA EXPERTS

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16/9 OCEAN STREET, MAROOCHYDORE • 32m² in total • Located on the top floor of the Centrepoint Arcade • Ample car parks at the rear • Located opposite the Big Top Shopping Centre on Ocean Street

Sold - Emily

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11/110 SIXTH AVENUE, MAROOCHYDORE • 61m² ground floor retail space • Walking distance from the new University of Sunshine Coast Petrie Campus • Situated between the Petrie Town Centre at the intersection of the busy Gympie & Dayboro Roads and Anzac Avenue and the Petrie Train Station

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, a traineeship in Insurance Broking Management and she is currently studying for a BA degree in Property Economics and Development at the University of the Sunshine Coast.

Leased - Emily

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23-27 EDISON CRESCENT 'GATEWAY' BELLS CREEK • High quality, high exposure development • This site presents the rare opportunity to enter a market ahead of your competition. With four tenancies ranging from 445m² - 625m² and the ability to adapt a customised floor plan if required

Contact agent - Julie

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774 GYMPIE ROAD, LAWNTON • Fully tenanted investment in highly visible location • Situated at the intersection of two major roads fronting Gympie Road • Tenants include: Dulux Trade Centre, Wheelhouse Coffee, Crow n Arrow & Anytime Fitness

Expressions Of Interest - Julie

JULIE RYAN 0447 445 453

MAJOR ASSET & RETAIL INVESTMENT SALES From the moment you meet Julie, it is clear you are in the hands of highly skilled and focused professional. Her experience is global, having worked for outstanding organisations and individuals around the world for more than 25 years. She is the agent other agents turn to for advice regarding strategy, marketing and best practice. As a mark of the regard she is held in by the industry, Julie has had a number of years being the official mentor to the very highest performing salespeople and offices within the Ray White Group around the world.

“Our future as market leaders is in the hands of the people we serve. It is our intention, indeed our mission to be the best at what we do. We want our clients to feel confident that we will help them realise their property goals using skill, marketing and technology. Every element of our operation comes back to our clients – what`s best for them, how we can achieve the best results available in today’s market.” * Property outlines, sizes & landmarks indicative

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

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

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

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

DWAINE BATHERN LEASING ASSOCIATE TO EMILY PENDLETON 0499 568 419 dwaine.bathern@raywhite.com

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

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

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

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

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

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

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

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

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

PINE RIVERS

MORETON BAY

SUNSHINE COAST

OUR TEAM

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

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LOUISE BRETT MARKETING MANAGER 0423 222 022 louise.brett@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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