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

YOUR

F REE M AGAZ IN

E

SOUTHERN SUNSHINE COAST AREA EXPERTS

FOR SALE OR LEASE (SEE PAGE 4) "STELLAR" 6-8 GEO HAWKINS CRESCENT, BELLS CREEK

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

2

SOUTHERN SUNSHINE COAST SUMMARY - LEASED & SOLD COMMERCIAL PROPERTY

3

The Caloundra industrial market has experienced a strong first half of the year, with increased occupation rates across SCIP, Aura & Caloundra West all reflecting a greater interest in our Southern most coastal market. Underpinned by strong results in greenfield land sales, the most positive sign has been the take up of new releases has been mostly proportionate with new supply levels despite a reasonably sharp increase in asking prices.

D N OL TIES

S

R

ER

OP

R EP

MO

D

DE

EE

AURA BUSINESS PARK COMMERCIAL SALES SOLD

Lot 1013 Packer Road

Caloundra West

SOLD

Lot 1065 Packer Road

Caloundra West

SOLD

Lot 1014 Packer Road

Caloundra West

SOLD

Lot 1171 Packer Road

Caloundra West

SOLD

Lot 1047 Packer Road

Caloundra West

SOLD

Lot 1172 Packer Road

Caloundra West

SOLD

Lot 1064 Packer Road

Caloundra West

SOLD

Lot 1047 Hancock Way

Caloundra West

CONTACT AGENTS - JORDAN & MICHAEL ED

ED

S E OR

M

D D! NEE OL TIES

LE OPER

ER

OP

PR

ED

! ED ED NE AS TIES

D D! NEE OL TIES

E OR

M

S

PR

E OR

M

ER

OP

PR

12 DANIEL STREET, CALOUNDRA WEST

13 ROSEBED STREET, EUDLO

6/11 COMMERCE AVENUE, WARANA

• Close proximity to the Bruce Highway, Sunshine Motorway, Nicklin Way & Caloundra CBD

• 52m²* space on ground floor • Health & Wellness Business hub of Eudlo • Parking for clients at rear of premise

• 103m²* • Front unit in small complex • Offers excellent exposure to the street

SOLD $950,000 - EMILY

LEASED - MICHAEL & JORDAN

SOLD $228,000 - 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

21

11

8

0-200m2

$210/m²

$124/m²

$130/m2

200-500m2

5

1

7

200-500m2

$127/m²

$132/m²

$131/m2

>500m2

9

4

2

>500m2

$100/m²

$106/m²

$123/m2

AGENTS TOP PICK

4

SE D EA NEEDE L R S

IE E OOPERT L A R

S

RE

MO

P

FOR SALE OR LEASE STELLAR DEVELOPMENT The Stellar development is perfectly positioned at the entry to Sunshine Coast Industrial Park . These warehouses have been carefully designed to maximise functionality and provide a level of quality well above that typically seen in the region.

Whether you are looking for a new business premises, or a new investment, quality buildings stand the test of time - and this development leads the market.

For further information please contact agents Jordan Hayes on 0417 999 331 or Michael Shadforth on 044 981 076

6-8 GEO HAWKINS CRESCENT, BELLS CREEK

• Units from 170.34m2-798.14m2 • 9 Units • Roller door access • 35 Car spaces • Pedestrian access • Adequate signage • Quality finishes and screening • Landscaped common area • Walls tilt slab • Metal roof

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

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

E DED AS EE LE IES N

R FOPROPE

RT

E OR

M

SE D EA NEEDE L R S

EO

N EE TIO ES N UC ERTI

A

RE

MO

D

DE

IE RT

L PE SARE PRO

MO

OP

PR

23 PRODUCTION AVENUE, WARANA

21 HANCOCK WAY, BELLS CREEK

15/21 NICKLIN WAY, BUDDINA

• 865m²* building 1,286m²* land • 240 amps, 3 phase power • Multiple roller door access

• Unit 1 350m² - Warehouse 250.5m² • Unit 2 217m² - Warehouse 150.3m² • Unit 3 129m² - Warehouse 106.8m²

• Auction 5.30pm 20 August on site • Main road exposure • A Grade fit out + entire top floor position

CONTACT AGENTS - JORDAN & MICHAEL

SALE FROM $265,000+ LEASE POA - JORDAN & MICHAEL

D SE EDE EA IES NE L T R

FOPROPE

M

AUCTION - JORDAN & MICHAEL

D SE EDE EA IES NE L T R

FOPROPE

R

E OR

D SE EDE EA IES NE L T R

FOPROPE

R

E OR

M

R

E OR

M

2/163 MARK ROAD EAST, CALOUNDRA WEST

1/21 DANIEL STREET, CALOUNDRA WEST

21 ENTERPRISE STREET, CALOUNDRA WEST

• 158m²*, Brand new complex with six tilt panel construction warehouses • Zoned medium impact industry

• Air conditioned reception & office space • Secure fenced concrete hardstand • Illuminated spray booth with exhaust fan

• Compromising of 194m²* office, 103m²* mezzanine storage, 1,619m²* warehouse and 478m²* additional warehouse

$22,120 P/A NET - EMILY

ALL OFFERS CONSIDERED - JORDAN & MICHAEL

D SE EDE EA IES NE L T R

FOPROPE

M

CONTACT AGENTS - EMILY & MICHAEL

D SE EDE EA IES NE L T R

R

E OR

FOPROPE

D SE EDE EA IES NE L T R

R

E OR

M

FOPROPE

R

E OR

M

2/3 MACHINERY AVENUE, WARANA

7/3-5 EXETER WAY, CALOUNDRA WEST

9/68 SIMPSON STREET, BEERWAH

• Fully air conditioned • Amenities • Kitchenette with lunch area

• Modern state of the art complex in high growth area • Customer parking and street parking

• 20m²* in the upstairs suite outlined • Includes outgoings (Council rates, water, body corporate)

$37,000 P/A GROSS + GST - JORDAN & MICHAEL

5

$18,920 P/A NET - JORDAN & MICHAEL

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

$100 P/W GROSS - EMILY & DWAINE * Property outlines, sizes & landmarks indicative

AURA BUSINESS PARK IS RAPIDLY EMERGING AS THE COAST'S LEADING MARKET FOR SHOWROOM & INDUSTRIAL SPACE All land sub 2,000m2 in Stages 1 & 2 has been sold to a well balanced mix of owner occupiers and investors, we now have a select few showroom and warehouse opportunities for quality tenants.

With limited high exposure spaces, we are interested in talking to all national tenants looking to establish their business among the highest growth corridor in SEQ. For more information about Aura and the opportunities available please contact Jordan or Michael.

Jordan Hayes | 0417 999 331 Michael Shadforth | 0488 981 076

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.

6

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

ED

D D! NEE OL TIES

S

MO

R

PE

RO

P RE

ADDRESS 15-17 BEARING AVE WARANA

MARKETING $6,905.94

SALE PRICE $1,950,000

QUALITY LOCATION & INVESTMENT 1,210 sqm* of high quality warehouse and office space located within the Sunshine Coast’s premier industrial estate on 2,560 sqm* of land. Situated on the doorstep of the Birtinya Health hub, developing Oceanside precinct and proposed light-rail link, the property is positioned to capitalise on a booming property market.

15 - 17 Bearing Avenue provides for a concrete block and metal clad warehouse with a large amount of practical hardstand. With warehouses in both buildings providing a functional floor plan, 15 Bearing also presents a quality office fitout to complete the asset.

JORDAN HAYES 0417 999 331

SALES & LEASING EXECUTIVE

AGENTS COMMENTS: From the beginning of the campaign, the property presented an excellent investment opportunity, however had constraints surrounding unapproved structures and other building limitations.

Working with both the vendors and buyers, Ray White were able to work towards a solution that benefit both parties and achieve an excellent result with the sale of the property subject to an extended lease back to a thriving family business that has occupied the site for approximately 30 years.

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

SOUTHERN SUNSHINE COAST AREA EXPERTS

7

ED

! EED LD TIES N O S ER RE

MO

OP

PR

10/2 MAIN DRIVE, WARANA • This quality showroom, sits in a high exposure position on the corner of Nicklin Way and Main Drive, linking Warana to the new hospital and office precinct in Birtinya • Kitchenette, bathroom & rear loading

Sold - Jordan & Michael

!

ED ED ASS NEED E L IE

1 T IT PER UNRE PRO MO

JORDAN HAYES 0417 999 331

SALES & LEASING EXECUTIVE

Prior to joining the Ray White Commercial Northern Corridor Group, Jordan spent over 8 years working as a Certified Practicing Valuer in a range of markets including Sydney, Sunshine Coast and the ACT where he worked as an Associate Director for one of the country’s leading valuation firms.

A degree in Property and Sustainable Development and working alongside financial, development and legal professionals has allowed Jordan to understand the market dynamics and fundamental factors that drive the property market.

22 HANCOCK WAY 'EXPOSURE' BELLS CREEK • High quality, high exposure warehouses situated within the developing Aura Business Park. Each of the tenancies boasts the benefit of solar power, roller door access, ample car parking and strong signage exposure • Unit 1 leased, units 2&3 available

His experience and high level of property knowledge ensure that his clients always receive tailored solutions and relevant, timely information upon which they can make educated decisions.

Leased - Jordan & Michael

D

DE

E LD S NE SO RTIE

RE

MO

E

OP

PR

21 HANCOCK WAY, BELLS CREEK • These three units provide for an extremely functional floor plan with a very well thought out site layout. The warehouses provide a balance of warehouse space to mezzanine space that maximises practicality

Sold - Jordan & Michael

ED DED ASES NEE E L TI

4 ER 3& PROP

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.

RE

MO

UNITS 3 & 4 -31 HANCOCK WAY 'SYNERGY' BELLS CREEK • These quality warehouses are situated one site back from Bells Creek Arterial - the main thoroughfare linking Caloundra to the future Bruce Highway connection • Providing four premium warehouses at entry level price points

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.

Leased - Jordan & Michael * 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

LIAM MACGINLEY SALES & LEASING EXECUTIVE 0422 587 143 liam.macginley@raywhite.com

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

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

8

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

facebook.com/rwcncg

instagram.com/rwcncg