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

SUNSHINE COAST OFFICE

FOR LEASE [SEE PAGE 3] 2/10 Aerodrome Road, 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

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

SUNSHINE COAST OFFICE

NORTHERN CORRIDOR GROUP

2/10 AERODROME ROAD, MAROOCHYDORE D SE NEEDE A E S

R L RTIE FOPROPE RE

MO

Quality Office Space Opposite Maroochydore Beach Situated directly opposite Maroochydore Beach and a short distance to Maroochydore CBD. This office space provides for a high quality fitout in an A' grade location.

The building itself has been recently brought to life, with a brand new coffee shop downstairs and only one other company in the building.

• 6 offices • Boardroom • Kitchenette • Bathroom amenities • Air conditioning • 2 allocated car spaces + ample road parking • Great signage opportunities (huge exposure!)

For further information or to book an inspection contact agents Jordan Hayes on 0417 999 331 or Michael Shadforth on 0488 981 076.

FOR LEASE - NEW OFFICE PROPERTIES LAST QUARTER Size

Quantity

THIS QUARTER Annual Rent/m2

Size

Quantity

Annual Rent/m2

0-200

77

$346

0-200

91

$300

200-500

13

$262

200-500

263

$213

500+

5

$290

500+

0

0

FOR SALE - NEW OFFICE PROPERTIES LAST QUARTER Size

Quantity

THIS QUARTER Annual Sale/m2

Size

Quantity

Annual Sale/m2

0-200

11

$4,300

0-200

18

$4,553

200-500

8

$3,590

200-500

5

$2,716

500+

1

EOI

500+

1

$3,165

SUNSHINE COAST OFFICE 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

NLAM2

SALE $/M2)

LEASE $/M2

NET / GROSS

-

-

Sale

9/188 Alexandra Parade

Alexandra Headland

99m2

$9,596

Lease

149-151 Brisbane Road

Mooloolaba

56m

2

-

$285

Net

Lease

23 Currie Street

Nambour

208m2

-

$120

Net

Lease

34-40 Howard Street

Nambour

72m2

-

$228

Gross

Lease

First 8/256 Nicklin Way

Warana

66m

2

-

$291

Gross

Lease

1/8 First Avenue

Maroochydore

88m

2

-

$320

Net

Lease

3/106 Sixth Avenue

Maroochydore

96m2

-

$363

Net

Lease

7/33-37 The Esplanade

Maroochydore

93m2

Lease

1/156 Alexandra Parade

Alexandra Headland

Lease

1/2-6 Focal Avenue

Coolum Beach

Lease

10/1 Windsor Road

Lease

2/10 Aerodrome Road

-

$380

Net

110m

2

-

$579

Net

49m

2

-

$200

Net

Nambour

130m2

-

$63

Gross

Maroochydore

158m2

-

$290

Net

SOLD OR LEASED STATUS

ADDRESS

SUBURB

NLAM2

SALE $/M2)

LEASE $/M2

Leased

5/106 Currie Street

Nambour

31m2

-

$105

Leased

9/68 Simpson Street

Beerwah

10m2

-

$520

Leased

5/167-171 Brisbane Road

Mooloolaba

84m

2

-

$230

Leased

54-56 Blackall Terrace

Nambour

157m

-

$242

Leased

2/14-22 Howard Street

Nambour

51m2

-

$153

Sold

1/32 Aerodrome Road

Maroochydore

189m2

$3,836

-

Sold

17 Wyreema Terrace

Caloundra

329m

$3,799

-

Sold

18/21 Nicklin Way

Buddina

87m

$4,138

-

Sold

4/77 Mooloolaba Esplanade

Mooloolaba

227m2

$4,405

-

2

2

2

CASE STUDY

NORTHERN CORRIDOR GROUP

D!

E OR

M

ED

ED

E SN

L E SOPERTI

TYPE OFFICE STRATA

O

PR

ADDRESS 7/37 THE ESPLANADE MAROOCHYDORE Q 4558

LISTED 11 APRIL 2019

SOLD 17 MAY 2019

INSPECTIONS 3

OFFERS 1

INVESTMENT STOCK IN HIGH DEMAND! The sale of 7/37 The Esplanade, Maroochydore is a prime example of the high demand for quality investment stock and having the ability to meet the rental demand in the area. Sold in just over 30 days to a local owner, who will now tenant out the property to meet the demand for good quality office space in the Cotton Tree/Maroochydore region.

This high profile, well positioned building offered 93m² of professional office space, located on Level 2, boasting functional workspace, reception area, fully equipped kitchen, boardroom and further breakout spaces.

MARKETING $2,012

SALE PRICE $460,000

The fit out and location met the requirements we have for a lot of tenants being open plan, with a balcony, beautiful view of the water and was accessible via a lift, which is also really high on the wish list for investors.

We expect the property to be rented before settlement in 30 days, and are already servicing enquiry.

If you have property that is vacant, or coming vacant in the next 6 months please contact Emily to discuss your options as you might be pleasantly surprised of the value it presents in the current market!

EMILY PENDLETON 0402 435 446

SALES & LEASING EXECUTIVE

RECENT NOTEWORTHY TRANSACTIONS NORTHERN CORRIDOR GROUP

ED

! EED LD ES N SO ERTI M

1/32 Aerodrome Road, MAROOCHYDORE • Total floor area of 189m2 • Combined with 114m2 ground floor, 69m2 first floor and a 6m2 exclusive use rear balcony area • Ample onsite car parking • Office area fitted with adaptable corporate office fit-out • Internal amenities upstairs and downstairs

OP

PR

E OR

AGENT PROFILES

Sold - $725,000 [Agent - Emily Pendleton]

JORDAN HAYES 0417 999 331

SALES & LEASING EXECUTIVE ED

D! EED SE ES N EA ERTI

L

RE

MO

P

P RO

5/106 Currie Street, NAMBOUR • Two tenancies - 31m² or 56m² • First floor office suites • Perfect for professional service tenants wanting to be positioned in the heart of Nambour CBD • Very affordable rental with outgoings included to make for one easily monthly rental payment • Term of lease is flexible

Leased - POA [Agent - Emily Pendleton]

ARE YOU THINKING OF

SELLING OR LEASING? Speak to your local area experts today

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.

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.

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

WHAT'S YOUR NEXT MOVE?

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

SE D EA NEEDE L R S

IE E OOPERT L A R

S

RE

MO

P

E DED AS S NEE E L IE

R RT FOPROPE RE

MO

17/27 Evans Street, MAROOCHYDORE

2 & 3/106 sixth Avenue, MAROOCHYDORE

• 55m2* space • Ample natural light throughout • Secure basement car parking plus on-site parking • Signage opportunities available • Excellent exposure to main road, complex is neighbouring the Sunshine Plaza • Carpeted & ducted air-conditioning throughout • Both lift & stairwell access available

• 85m²* & 96m²* - 181m²* total (can be rented together or separately) • Ducted air-conditioning • Quality existing fit out and floor coverings • Kitchenette facilities • Use of all recreational facilities including pool, gym, steam room and spa • 3 exclusive car parks each (6 in total) • Change room & shower facilities

Sale 199,000 + GST I Lease $14,500 P/A Net Emily Pendleton

ED LE NEED A S ES

R TI FO ROPER

RE

MO

P

For Lease - From $33,746 P/A Net Emily Pendleton

D SE NEEDE A E S

R L RTIE FOPROPE RE

MO

2 & 5/4-6 Innovation Parkway, BIRTINYA

15/21 Nicklin Way, BUDDINA

• Unit 2 - 266m²* & Unit 5 - 135m²* • Two offices are situated in the heart of the emerging Birtinya office & medical precinct • Quality fitout in place ready for new businesses to move in and start operating • Formal reception areas, offices, meeting rooms and open plan spaces.

• 15 allocated car parks and secure lift access

• 805m2* Building • Main road exposure • A Grade fit out • Entire top floor position • Stunning water views • 15 car spaces plus 3 car garage • Perfectly positioned between the coast's two largest growing regions, and adjacent to the newly expanded Kawana Shopping World

For Sale - Contact Agent Jordan Hayes & Michael Shadforth

For Lease - $185,000 + Outgoings + GST Jordan Hayes & Michael Shadforth

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

*Approximate

OUR TEAM

NORTHERN CORRIDOR GROUP

SUNSHINE COAST

MORETON BAY

MICHAEL SHADFORTH COMMERCIAL PRINCIPAL 0488 981 076 michael.shadforth@raywhite.com

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

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

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

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

WARWICK PETERS SENIOR BUSINESS BROKER 0412 234 231 warwick.peters@raywhite.com

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

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

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

BLAKE PRIMROSE SALES & LEASING EXECUTIVE 0423 555 043 blake.primrose@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

SUNSHINE COAST

RIVERS

MORETON BAY

1/172 Brisbane Road Mooloolaba QLD 4557

Level 1, 104 Gympie Road Strathpine, QLD 4500

3/125 Morayfield Road Morayfield QLD 4506

T 1300 255 075 F 1300 778 887 PINE

T 1300 255 075 F 1300 778 887

T 1300 255 075 F 1300 778 887

raywhitecommercialnortherncorridorgroup.com.au

facebook.com/rwcncc

twitter.com/rwcncc

instagram.com/rwcncc