In The Know - Morayfield and Caboolture Q2 2019 |Ray White Commercial | Northern Corridor Group

MORAYFIELD & CABOOLTURE CBD

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

FOR LEASE 12 King Street, Caboolture [See Page 3]

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

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

M O R AY F I E L D & C A B O O LT U R E C B D NORTHERN CORRIDOR GROUP

12 KING STREET, CABOOLTURE E DED AS S NEE E L IE

R RT FOPROPE RE

MO

Quality Office Suite Located in Caboolture CBD

Ground Floor Suite 02, 199m² Quality Partitioning and Design providing opportunity for Medical, Aged Care Head Office, or Commercial Office Use. 4x allocated security parking bays at market rates.

• Full disability compliance • Large open plan area with additional private offices • Large board room • High natural light • 200m from Caboolture Train Station • Owner incentives on offer

Level 1, Suite 03, 603m² fully furnished and partitioned to government standard. 9x allocated security parking bays at market rates.

For further information or to book an inspection contact agents Chris Massie on 0412 490 840 or Aaron Canavan on 0447 744 948.

Modern building with high exposure to King Street, great natural light and full disability compliance, including Lift to Level 1.

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

25

29

0-200m2

$338/m²

$330/m²

200-500m2

5

12

200-500m2

$315/m²

$315/m²

>500m2

3

3

>500m2

$294/m²

$291/m² Property plans and sizes are approximate

MORAYFIELD & CABOOLTURE CBD 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 ADDRESS

SUBURB

TYPE

BUILDING AREA (M2)

LAND AREA (M2)

PRICE

NET OR GROSS

20 Oakey Flat Road

Morayfield

Industrial

300m2

1385m²

POA

-

Lease

36&37/8-22 King Street

Caboolture

Office

117m2

-

$3,170 P/M

Net

Lease

7/8-22 King Street

Caboolture

Office

99m2

-

$2,682 P/M

Net

Lease

9E/8-22 King Street

Caboolture

Office

110m2

-

$3,210 P/M

Net

Lease

1/99 Morayfield Road

Morayfield

Retail

215m2

-

$3,750 P/M

Gross

Lease

265 Morayfield Road

Morayfield

Retail

1450m2

-

POA

-

Lease

23/70-86 Michael Avenue

Morayfield

Retail

348m2

-

POA

-

STATUS Sale

SOLD OR LEASED STATUS

ADDRESS

SUBURB

TYPE

BUILDING AREA (M2)

LAND AREA (M2)

PRICE

NET OR GROSS

$/SQM

Sold

55 Lower King Street

Caboolture

Hotel

-

1009m2 $2,100,000

-

-

Sold

57 Lower King Street

Caboolture

Land

-

1009m2

$435,000

-

-

Sold

12 Lee Street

Caboolture

Land

-

1012m2

$435,000

-

-

Leased

R1/20 King Street

Caboolture

Office

47m2

-

$800 P/M

Gross

$204

Leased

19D Hasking Street

Caboolture

Office

86m2

-

$2,860 P/M

Net

$399

Leased

4/8-22 King Street

Caboolture

Office

82m2

-

$2,050 P/M

Net

$300

Leased

5/69 King Street

Caboolture

Office

210m2

-

$6,183 P/M

Gross

$353

CASE STUDY

NORTHERN CORRIDOR GROUP

55 LOWER KING STREET CABOOLTURE

TYPE HOTEL/LEISURE

LISTED JUNE 2018

SOLD 22 MARCH 2019

ENQUIRES 40+

CABOOLTURE BACKPACKERS AND NEIGHBOURS SELL FOR $2.97M An owner occupier has trumped a strong investor market to secure a high-profile accommodation facility at 55 Lower King Street in Caboolture.

SALE PRICE $2.1Million

The Backpackers and two adjoining residences totalled 3,030m2* of land across three titles and two street frontages.

The 120-bed facility had been leased to strawberry pickers servicing the local area but a specialist health care provider swooped on the opportunity to fast-track an otherwise extensive approval and construction process.

The site was sold by Ray White Commercial Northern Corridor Group Principal Chris Massie, who identified this approval process as the key motivator.

“It’s so rare to find a perfect existing facility for any business, especially one with a requirement this specific,” Mr Massie said.

“The Backpackers allows the buyers to begin operation with a relatively minor amendment to the permitted use, and the adjoining lots provide a solution to their longer-term expansion requirements.

59 LOWER KING STREET CABOOLTURE LAND SIZE 1009m² SALE PRICE $435,000 12 LEE STREET CABOOLTURE LAND SIZE 1012m² SALE PRICE $435,000

“We had more than 40 enquiries throughout the 55 Lower King campaign, with the majority of interest coming from investors.

“The lucky buyer was Lives Lived Well, a company that runs a range of community and residential programs across Queensland, helping thousands of people each year deal with alcohol and drug problems and move forward in life.”

This was the latest in a string of land sales surrounding the Caboolture CBD, primarily being driven by higher density townhouse and unit developers.

For more information or to discuss your own property requirements, contact Chris today! *Approximate

CHRIS MASSIE 0412 490 840

chris.massie@raywhite.com

AGENT PROFILES

AGENT TESTIMONIALS

NORTHERN CORRIDOR GROUP

"Chris is very knowledgeable of the area - the local expert actually and ensured we found a tenant that suited our needs" Amanda & Barton 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.

"Excellent service very helpful good customer relations went above and beyond."

Mark Reed & Angelo Andreou

"Being first time commercial unit buyers Chris guided us through the process with knowledge, experience, recommendations and clear information."

Craig Lee

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 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.

"Blake showed great customer care and was always available to help and advise by email or phone."

Diana

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.

Blake's dedication and enthusiasm make him a valued & respected part of our team.

"Blake went over and above the call of duty to help us out and get us settled into the right premises" Angela & Sharon

PROPERTIES FOR SALE OR LEASE NORTHERN CORRIDOR GROUP

E DED ALES NEE S R TI

FO ROPER

RE

MO

P

20 Oakey Flat Road, MORAYFIELD This high profile freehold property provides the • 1,385m² freehold lot perfect balance of immediate function and long term development upside. Benefit from the ongoing expansion • Flexible "Next Generation Neighbourhood" zoning of the Caboolture West masterplanned are that will see a • Residence with two street frontage projected 63,000 new residents move to the area.

• 5 bay shed Contact Chris Massie on 0412 490 840 to arrange an • On major growth arterial servicing future expansion area inspection or for more information.

For Sale - POA [Agents - Chris Massie]

!

SE EDED A E E

RL

SN

IE E OOPERT L A R

S

RE

MO

P

D SE NEEDE A E S

R L RTIE FOPROPE RE

MO

17-19 Bertha Street, CABOOLTURE

265 Morayfield Road, MORAYFIELD

• 865m² • Flexible tenancy layout available • Air conditioned throughout • Phone and data provisions • Internal amenities • Approx. 22 onsite parks • Signage provisions • Kitchenette • Two street frontage

• Various size options available 375m² - 1,450m² • Ability to split or combine tenancies to suit • Ample on site parking • High exposure location • Air conditioned showroom area • Exclusive use loading docks • Glazed shop fronts with automatic doors • Internal amenities • Brand new tilt panel concrete retail showrooms

For Sale or Lease - POA [Agents - Chris Massie & Aaron Canavan]

For Lease - POA [Agents - Aaron Canavan & Chris Massie]

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 COMMERCIAL PRINCIPAL 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 COMMERCIAL LEASING ASSOCIATE 0423 555 043 blake.primrose@raywhite.com

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

PINE RIVERS JUMA MARSTELLA SALES & LEASING EXECUTIVE 0450 360 321 juma.marstella@raywhite.com

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

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

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