IN THE KNOW - Pine Rivers 2019 Q1 | Ray White Commercial | Northern Corridor Group

RAY WHITE COMMERCIAL NORTHERN CORRIDOR GROUP

PINE RIVERS

WELCOME Thank you for the opportunity to provide you with our quarterly summary of commercial property activity in Pine Rivers and across the greater northern corridor.

We hope you find this information useful and aim to continually keep you up to date so you can make informed decisions about your property.

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

ONE TEAM - THREE LOCATIONS

1ST QUARTER 2019

IN THE KNOW COMMERCIAL PROPERTY FOCUS

DIRECTOR’S U P D AT E S

ONE TEAM

NORTHERN CORRIDOR GROUP

THREE

PINE RIVERS

LOCATIONS

MORETON BAY

SUNSHINE COAST

DIRECTOR UPDATE We are so pleased that our combined resources of three offices, one team allows us to now provide you with detailed analysis of commercial property across the Northern Corridor.

The natural expansion of Brisbane through this Northern Corridor is resulting in strong, yet slightly different demand for each of our three offices, due to the varying population and infrastructure pools of each.

The key word we keep hearing through this corridor is growth.

The latest projections through to 2031 sees North Brisbane to the Sunshine Coast braced for one of the largest population influxes in the country. While we all know that traditionally next year’s highway upgrades barely meet last year’s requirements, the latest announced infrastructure enhancements will go a long way to insulating us from the inner-city headaches and will also see additional money flow into the pockets of local businesses.

The key industry to watch over the next year is transport and logistics, with Brendale continuing to prove its viability as a major hub. Suburbs to the north are gaining the attention of those requiring satellite distribution hubs to service the coming residential construction surge and ongoing last-mile ecommerce delivery requirements of this growing population.

Outside of this industry, the recently announced under sea data cable connecting the Sunshine Coast to Asia and the US will provided further stimulus for the decentralisation of business in the South East corner. We are closely tracking the trend of “Experiential Retail”, which is breathing new life into the retail sector and providing a strong answer to the online shopping interruption.

We hope you find the following report informative and vow to continue providing you with timely and relevant information to help you make informed commercial property decisions.

Industrial / Warehouse FOR SALE Brendale, Bracken Ridge, Carseldine, Geebung, Petrie, Strathpine Regions Listings

45%

Leads

40%

35% 30% 25% 20%

Commercial Real Estate

15% 10% 5% 0% 100m2

250m2

500m2

1000m2

2000m2

4000m2

4000+m2

SPOTLIGHT ON PINE RIVERS THIS MONTH’S FEATURE ARTICLE WRITER IS AGENT ASHLEY REES OF RAY WHITE COMMERCIAL NORTH COAST CENTRAL

PINE RIVERS For this report we have assessed the broader North Brisbane to Strathpine areas and worked with our agents to identify key trends across each market sector.

Industrial supply of built form product continues to be extremely tight across the region. The balance between function and price remains the primary concern for businesses, with the increasing cost of business on all fronts causing the need for efficiencies to be maximised. The increase in outgoings in particular has caused a stall in effective net rental growth. In essence, the “per month” cost of occupying a property is increasing, but little of this money is ending up in the owner’s pocket.

The impact of this is twofold. Firstly, the current average net rent is not enough for developers to justify speculative construction, in spite of the high demand for finished product.

Secondly, the cost of holding vacant tenancies is placing increasing pressure on investors. The positive from this is that low interest rates and high construction costs are still driving a strong owner-occupier market for those looking to transition out of vacant investment properties at a profit.

The next twelve months should prove productive for this area in general. Landlords and owner occupiers should be cautious of pushing the ‘approved use’ of existing industrial units too far in the direction of commercial or office, as non-compliance can prove expensive for all involved. Developers can expect strong take up of new stock, but should talk with our leasing team to ensure intended designs will meet the specific function requirements of businesses currently in the market.

Industrial Industrial // Warehouse Warehouse FOR FOR LEASE LEASE Brendale, Brendale, Bracken Bracken Ridge, Ridge, Carseldine, Carseldine, Geebung, Geebung Petrie, Petrie, Strathpine Strathpine Regions Regions Listings

35%

Leads

30% 25% 20% 15%

Commercial Real Estate

10% 5% 0% 100m2

250m2

500m2

1000m2

2000m2

4000m2

4000+m2

MARKET S TAT I S T I C S Ray White Commercial - NORTHERN CORRIDOR GROUP RESEARCH TEAM The following is a summary of the key Listed and Leased properties in your neighbourhood

LISTED SUBURB

BUILDING AREA

AGENCY

ADDRESS

PRICE

Ray White NCC

6 & 7, 55-57 Braun Street

Deagon

113m2

$77,500 + Outs + GST

Ray White NCC

1E/75 Araluen Street

Kedron

510m2

POA

Ray White NCC

9/210 Robinson Road

Geebung

735m2

POA

Ray White NCC

79 Crockford Street

Northgate

1960m2

POA

Ray White NCC

3/718 Gympie Road

Lawnton

130m2

$39,000 + Outs = GST

Ray White NCC

4/209 Robinson Road

Geebung

340m2

POA

LEASED AGENCY

ADDRESS

SUBURB

BUILDING AREA

PRICE

Ray White NCC

1450 Anzac Avenue

Kallangur

290m2

$70,000pa + GST

Ray White NCC

16 Hutcheson Street

Albion

300m2

$40,000pa + GST

Ray White NCC

Suite 1103, 16 Banfield Street

Chermside

150m2

$58,140pa + GST

Ray White NCC

Level 1, 12 Allworth Street

Northgate

267m2

$54,000pa +GST

Ray White NCC

Shop 6, 7 & 9 / 46 Gayford Street

Aspley

196m2

$113,160.00 pa + GST

For a full list of current opportunities for sale or lease visit raywhitecommercialnorthcoastcentral.com | Sizes stated are approximate and may vary

RAY WHITE COMMERCIAL NORTHERN CORRIDOR GROUP ANNUAL SALES & LEASING Annual Sales $70,363,885

Annual Leases $6,298,459

47 Industrial

67 Industrial

19 Retail

47 Retail

10 Office

36 Office

19 Land 5 Other

96 TOTAL SALES

3 Land

157 TOTAL LEASED

PINE RIVERS AGENT PROFILES

JUMA MARSTELLA SALES & LEASING CONSULTANT 0450 360 321 juma.marstella@raywhite.com

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

PETER LAURENT SALES & LEASING CONSULTANT 0429391675 peter.laurent@raywhite.com

Juma is recognised as a sales and leasing specialist with a focus on the Northern Brisbane market. Always working with his clients best interest in mind, Juma draws on his 5 years plus experience to provide exceptional service . He has a loyal following amongst his list of clients and is well respected for his ability and integrity.

Trevor brings a wealth of local knowledge and experience to the Ray White Commercial Northern Corridor Group. He has a 32 year association with the Pine Rivers District and Brendale in particular.

Peter’s specialises in applying his expertise and detailed market knowledge to successfully broker commercial real estate for sale and lease in the North Brisbane & Moreton Bay Region.

Central to this success is his ability to communicate and interact with the public.

Trevor understands the importance of building relationships with clients, and places great emphasis on maintaining his integrity with those clients.

A key factor of his success has been the ability to help guide local and national clients with their commercial leasing obligations, acquisitions and sales to deliver results.

Juma approaches each real estate transaction with the focus and keen dedication that ensures success for both parties.

PROPERTIES FOR SALE OR LEASE ED LE NEED A S ES

R TI FO ROPER

RE

MO

P

D SE NEEDE A E S

R L RTIE FOPROPE RE

MO

47 Kremzow Road BRENDALE

79 Crockford Street NORTHGATE

• Land 2740m2 - Building 1321.46m2 • Office 43.2m2 - Clear span area: 66m x 19m2 • 2 Container height roller doors • Local Authority: Moreton Bay Regional Council • 2x10 Tonne service gantry cranes, 5.2m hook height • Male & female amenities • Secured hardstand Approx 700m2

• 1960m2 • Freestanding tilt panel warehouse • High ceiling warehouse with drive through capability • 4 full height roller doors • High amp power delivery • Fitted commercial grade office with NBN • Flexible ground floor tech space • Close to Motorway and arterial roads

For Sale $2,250,000.00 + GST Trevor Nelson-Jones 0407 736 521

D SE EDE EA S NE

R L RTIE FO OPE

E AL EEDED S N R

S E OPERTIE S A O

LE RE PR

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For Lease - $245,000 Juma Marstella 0450 360 321

MO

793 Gympie Road CHERMSIDE

6-10 Whites Road PETRIE

• Main Road profile • Retail and Office areas 77m2 - 420m2 • Tailored fitout available • Generous on-site car parking • 1 minute from Hospital, 15 minutes to CBD

• 5 Proposed retail units (351m2 of retail space) • 101-76m2, 102-74m2, 103-74m2, 104-66m2, 105-61m2 • Central Petrie location, short walk to train station •C lose to new University of Sunshine Coast Petrie Campus, set to open in 2020.

•C urrently under construction and due for completion

by May 2019.

For Lease - Price upon application Juma Marstella 0450 360 321

For Lease - Price upon application Peter Laurent 0429 391 675

For a full list of current opportunities for sale or lease visit raywhitecommercialnorthcoastcentral.com | Sizes stated are approximate and may vary

PROPERTIES SOLD OR LEASED D

DE

E LD ES NE

SOPERTI

SOPERTI

RO

EP

R MO

D

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E LD ES NE

RO

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326 South Pine Road BRENDALE

Lot 7, 1/9 Marshall Road KENMORE

• Warehouse/workshop with exposure • Land area 2026m2 • Building area approximate 475m2 • 30m frontage to South Pine Road • Exceptional signage • Good on-site parking • Secured hard stand • Close public transports

• 154m2 Retail area in busy suburban centre • Ideal for restaurant, take away and most retail use • Full commercial kitchen with grease trap • Two street pylon signage •C entre retail includes food, medical, pharmacy, fitness, pet care • The suburb of Kenmore is located approximately 8 radial kilometres south west from Brisbane’s CBD

Sold - Price upon application Trevor Nelson-Jones 0407 736 521

Sold - Price upon application Juma Marstella 0450 360 321

ED

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D ED NEE AS TIES

LE OPER

R EP

R MO

D ED NEE AS TIES

LE OPER R

EP

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8/210 Robinson Road GEEBUNG

Unit 4/6 Endeavour Boulevard NORTH LAKES

• 735m2 Floor area • High Grade office • Bi-Double Access • Corporate Address

• 107m2 • Easy to fit out •C entre of North Lakes Commercial and Medical precincts • Great central North Lakes location • Good Signage opportunities • Ample on-site parking • Flexible lease terms with long term lease available

Leased - Price upon application Juma Marstella 0450 360 321

Leased - Price upon application Peter Laurent 0429 391 675

For a full list of current opportunities for sale or lease visit raywhitecommercialnorthcoastcentral.com | Sizes stated are all approximate and may vary

OUR TEAM

PINE RIVERS

SUNSHINE COAST

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

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

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

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

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

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

PETER LAURENT SALES & LEASING EXECUTIVE 0429391675 peter.laurent@raywhite.com

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

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

MICHAELA WEBB PA TO CHRIS MASSIE 0409 202 066 michaela.webb@raywhite.com

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

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

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

ONE TEAM - THREE LOCATIONS

JASON WRIGHT ASSET MANAGEMENT SPECIALIST 0451 497 368 jason.wright@raywhite.com

HAVING THREE OFFICES NOW LETS US GIVE UNMATCHED REAL TIME INSIGHT INTO THE NORTHERN CORRIDOR COMMERCIAL PROPERTY MARKET CHRIS MASSIE

For all your industrial, commercial, project marketing and property management needs contact us on 1300 25 50 75 or raywhitecommercialnortherncorridorgroup.com.au facebook.com/rwcncc twitter.com/rwcncc instagram.com/rwcncc