October 8, 2015 Riverside wonder Currumbin retail space up for grabs
Retail unit with anchor tenant sold HANGED HANDS: The unit at 4/180 Alexandra Pde, Alexandra Headland, sold for $435,000. For sale by offers to purchase closing Wednesday, 15October at 4pm Rocky Carwash and Carwash on Canning Carwash on Canning, 32 Connolly Street, Allenstown QLD Rocky Car Wash, 120 Musgrave Street, Berserker QLD Blue chip freehold and business Both businesses are run under management All plant and equipment has been fastidiously maintained The two businesses and freeholds can be purchased separately or together This is amust for investors and owner operators to inspect who are looking to obtain asecure investment/business (or businesses) in an industry growth sector, inavery stable region. 07 4921 2347 Pat O Driscoll 0418 792 571 View at KnightFrank.com.au/2369236 *Approx MM075581 A RETAIL unit with Student Flights as an anchor tenant at Alexandra Headland on the Sunshine Coast has been sold by Ray White Commercial North Coast Central. The 67sq m unit at 4/180 Alexandra Pde, Alexandra Headland, was sold to a local investor by Ray White Commercial North Coast Central s Emily Pendleton and Damien Poole for $435,000 and a yield of 6.62%. Ms Pendleton said the retail space attracted strong interest during the marketing campaign due to its prominent beachfront location and long-term tenant. ZONED LAND $80PSM* FOR SALE QLD, North Maclean: Mt Lindesay Highway Land Area: 25,310sqm* Approved lot for Showroom, Professional Offices, Vet Clinic, Construction Yard, Equipment Display and Warehousing & Depot Next to Caltex Service Station and Subway For Sale by Expressions of Interest (Price Guide $80psm) Sam Higgins +61 439 034 045 *approx Jack Pershouse +61 439 673 131 The region has access to all major transport networks and is an enterprise corridor for business. We had many inquiries for this property and there is strong demand from investors for tenanted properties in this price bracket, Ms Level 3 Waterfront Place, 1 Eagle Street, Brisbane www.cbre.com.au Pendleton said. The property is occupied by leading student travel specialist, Student Flights, which has a five-year lease expiring in 2020. Student Flights has been located in the premises for the past five years and by taking up their option, they have demonstrated their stability and longevity as a strong tenant with positive growth for the future. The net rent from this property is approximately $32,000 per annum plus outgoings and GST. Mr Poole said the property represented a solid and attractive investment due to its position in one of Queensland s fastest growing regions. Alexandra Headland is part of the Sunshine Coast Region and is a gateway to both Brisbane and northern regions, he said. With a population growth of 10.1% between 2008 and 2013, higher than the national growth rate of 8.7%, the Sunshine Coast is an ideal investment opportunity location. The region has access to all major transport networks and is an enterprise corridor for business, being centrally located and providing a focal point for commercial, high value industry, retail and residential growth. Further inquiries to Ms Pendleton on 0402 435 446 or Mr Poole on 0414 457 022.
Commercial Property Boutique hotel complex on offer By GEMMA WESTACOTT gemma.westacott@scnews.com.au ONE of Brisbane s most highly acclaimed luxury apartment hotels is being offered to the market on a sale and leaseback basis, as its owners look to recycle the capital to fund further expansion. The property, located at 40 Astor Tce, Spring Hill, includes the Punthill Brisbane premium apartment hotel, Jak+Hill restaurant and bar tenancy, over 200sq m of commercial office space, and a large car park. The fully-leased property occupies an 1801sq m freehold site and was extensively refurbished in 2012. The mixed-use property is fully leased on a triple net basis, and offers income security via strong lease covenants, attractive annual and market reviews, and a weighted average lease expiry of 9.7 years, JLL Hotels and Hospitality senior vice president of investment sales, Peter Harper, said. This is significant for a passive investment opportunity in Brisbane across all FREEHOLD SITE: The Spring Hill property includes the Punthill Brisbane apartment hotel, Jak+Hill restaurant and bar and more than 200sq m of commercial office space. asset classes. Punthill Brisbane itself comprises 71 keys, spread over 70 studios and one two-bedroom manager s apartment, together with conference facilities, a swimming pool, gymnasium and associated guest amenities. The 4.5 star boutique apartment hotel achieves positive guest reviews on TripAdvisor and other leading accommodation booking websites, with Punthill Apartment Hotels revealing that it wants to capitalise on strong market conditions and recycle capital into further expansion opportunities. Punthill Apartment Hotels director Alan Caras said: Capital from the sale of 40 Astor Terrace will fuel Punthill s large-scale expansion plans 287 keys are already slated to be added in 2016 and 2017 across three new Melbourne hotels in the CBD, inner north and eastern commercial precincts. The group is also scouting sites in the Brisbane and Sydney CBDs and outer commercial catchment areas, with a vision to build a national apartment hotel network over the next decade. Punthill Apartment Hotels is one of Australia s most prominent serviced apartment hotel operators, with 13 properties across Australia. JLL Hotels and Hospitality group s Peter Harper and Paul Fraser will exclusively market the property by a expressions of interest. REA PRIME POSITION: The fully air-conditioned tenancy includes commercial ground floor space with office and kitchenette, plus two additional mezzanine areas. Office for lease in Maroochydore CBD A COMMERCIAL office/retail/showroom in the heart of the Maroochydore CBD on the Sunshine Coast is being offered for lease by Ray White Commercial North Coast Central s Emily Pendleton. The property at 6/1 Newspaper Place, Maroochydore, has a lettable area of about 171sq m and is located in a busy retail and office complex with on-site car parking. This unique office/retail unit is positioned within one of the Sunshine Coast s greatest high-profile locations, Ms Pendleton said. The complex is located in the heart of Maroochydore CBD and has excellent exposure to Aerodrome Rd and Maroochy Boulevard. The fully air-conditioned tenancy includes commercial ground floor space with office and kitchenette, plus two additional mezzanine areas of approximately 30sq m and 40sq m respectively. There is great signage available on the building as well as pylon signage for the street. This is a great opportunity for someone to establish themselves in the Maroochydore CBD precinct at one of the most competitive rental rates in the area. Ms Pendleton said the tenancy is available for $30,000 per annum. Further inquiries to Ms Pendleton on 0402 435 446. Coolangatta Paget Industrial Clearance Sale Unit 9&10 Transport Avenue Two mirror image business units 220m 2 *total floor area and 42m 2 * mezzanine office, balcony 11m 2 * and warehouse 167m 2 * Broadband connectivity Ray White Mackay Outline Indicative Only Lot 23 Transport Avenue 6,323m 2 *vacant site Zoned Industry (low impact) Close proximity to airport, rail, highway and CBD Fully serviced Friday 30October 2015 11am Venue On-site Stuart Higgins 0408 832 995 raywhitecommercial.com *approx. Property ID s 944092 &1085935 RWC377 Service Station Child Care Centre Medical Centre Supermarket Tavern Drive-thru Bottle Shop Outline Indicative Only Big Industrial Shed and Hardstand Gladstone 7Morgan Street Large heavy industrial workshop with overhead crane. Shed includes store, smoko room and amenities. 2,400m 2 *shed, separate offices 1.5ha* land area Leasehold land 3x3port authority lease Ray White Commercial Gladstone Tuesday 27October 2015 6pm Venue Grand Hotel, Gladstone Dale Ware 0417 643 517 raywhitecommercial.com Property ID 1152761 *approx. RWC410 Shopping Centre Tweed Shire Terranora 2-14 Lawson Drive, New South Wales Net lettable area 4,900m 2 *, land area 1.94ha* 21retail tenancies with ample on-site parking Substantial passing income Suit investors and Tavern operators Significant value add opportunities Located in ahigh growth area Ray White Commercial Coolangatta/Tweed Heads Wednesday 21 October 2015 3pm AEDST Venue On-site Assi Dadon 0415 598 588 raywhitecommercial.com Property ID 1364435 *approx. RWC362
Commercial Property Strong interest in precinct By GEMMA WESTACOTT HOTSPOT: The retail component of the mixed-use development known as Oceanwalk Plaza, at 3 Thrower Dr, Currumbin, will go to auction on October 14. A RETAIL precinct adjacent to the scenic Currumbin Creek on the Gold Coast that is also home to one of Australia s top award-winning restaurants will be put to public auction next month. The retail component of the mixed-use development known as Oceanwalk Plaza, at 3 Thrower Dr, Currumbin, is expected to drive a flurry of investor interest before being offered for sale by auction on October 14. The Oceanwalk Plaza comprises 26 apartments in a midrise residential development, together with a mix of three food offerings, including the award-winning Allure on Currumbin restaurant, along with a traditional takeaway seafood outlet and a Japanese restaurant. The retail precinct is anchored by the highly acclaimed Allure on Currumbin restaurant, which was recently voted the second best restaurant in Australia in the Travelers Choice Awards by travel website TripAdvisor second only to celebrity chef Shannon Bennett s Melbourne restaurant Vue De Monde. Knight Frank Gold Coast director of commercial sales and marketing agent, James Branch, said the retail precinct was likely to attract interest from a broad range of self-managed super funds and private investors across the country. He said similar retail properties in the area were achieving yields ranging from 5% to 7%, with Oceanwalk likely to achieve a yield of at least 6%. Knight Frank Gold Coast joint managing director Mark Witheriff said recent activity in the retail strata market has supported the decision to offer the property at this point in time. We have seen the sale of a number of properties in the immediate vicinity, such as Burleigh Heads and Palm Beach, which have attracted aggressive bidding by potential purchasers, he said. Given that the property has a combined net income of $169,534 and will be offered for sale either in one line or as three separate offerings, we are confident that the campaign will find investors that this property will ideally suit. Mr Branch said the retail precinct was highly desirable as it was 100% let, with all of the businesses trading well, including Allure on Currumbin, which has recently signed a further fiveyear lease. We recently took a larger retail property in the area to market and were surprised by just how strong the level of interest was. I would expect Oceanwalk Plaza to reflect that as well. The retail precinct of Oceanwalk Plaza will be offered for sale in one line or as individual offerings by way of public auction on October 14. REA FREEHOLD GOING CONCERN MOTEL, WITH DA FOR CHILD CARE AUCTION QLD, Mooloolaba: 197 Brisbane Road Includes 18 rooms, manager s residence and restaurant Development Approval for 148 place child care centre Strong holding net income circa $260,000 PA 1,833sqm* total site area High profile location; only minutes to beaches and major shopping precincts : Thursday 12th November 2015 at 2.00pm Venue: On site *approx Peter Ward +61 412 001 700 Glen Grimish +61 408 288 517 Outline indicative only 1st Floor, 11 Walan Street, Mooloolaba, Sunshine Coast, QLD 4557 www.cbre.com.au REDEVELOPMENT POTENTIAL: The property was extensively refurbished and has a net lettable area of 4962sq m. Sydney syndicate wins battle for adjoining city buildings A SYDNEY syndicate has purchased two adjoining retail/commercial buildings at Lutwyche on Brisbane s northside for $22.5 million through Ray White Commercial. Ray White Transact s Rick Bird said the offers to purchase campaign for the twostorey property at 461-473 Lutwyche Rd attracted strong interstate and overseas interest. It was very aggressively sought after and attracted a lot of interest but, in the end, the vendor decided to accept a clean deal that was not subject to financing and capital raising before the close of the campaign, he said. The property, which was extensively refurbished by Hutchinson Builders for former owner Harvest Investments, has a net lettable area of 4962sq m. It is on a prominent 4416sq m site with 87m of main road exposure. It was sold with a 10-year plus weighted average lease expiry and is occupied by betting and gaming company Ladbrokes and Fitness First. Rick Bird said the 7.09% yield reflected the security of the long-term lease, tenant quality and future residential redevelopment potential. With bank interest rates low and the stockmarket volatility, blue-chip secure investment property is in hot demand, he said. With interest rates to drop further I expect yields to stay at lower levels well into the future.
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