SALE/lEASE Office Retail residential invest in queensland 101
foreword Welcome to Edition 101 of Invest in Queensland, the first of many for 2017, and a publication that our firm has had immense success with for greater than 27 years. On behalf of our team, we take exceptional pride in representing the quality of property within this magazine and urge you to take the time to review this document. Despite the uncertainties in particular sectors of the market, which has resulted in a challenging leasing environment, we are pleased to highlight renewed activity and worthy results in the commercial leasing market. This is evidenced in the decrease in total Brisbane CBD Vacancy from 16.9% to 15.3% over the previous 12 months. This is a noteworthy result on the back of an additional net supply of new Buildings totalling 122,715sqm. We have also seen gross effective rents increase dependent on the grade of the asset. Whilst the volume of capital transactions has declined over the past 12 months due in part to a lack of quality investment product on the market, prime and secondary yields have continued to firm over the course of 2016 and first Quarter of 2017. Brisbane CBD yields have fallen to a median range of 5.9% - 7.1% as demand continues to grow and the purchaser base continues to expand internationally. We envisage that due to the shortage of quality stock, demand for real estate assets will continue for the foreseeable future. For this reason, Chesterton International has chosen to divest itself of its own headquarters at 100 Wharf Street which has been in our portfolio for just on 10 years. This divestment strategy is part of the long-term business plan of Chesterton International to restructure itself into a more dynamic and boutique brand, resulting in a more agile business able to meet the ever-changing needs of our clients. We believe 100 Wharf Street will be highly sought after because of it s prominent corner location, unique wholebuilding opportunity, quality office accommodation and unmatched parking ratio. With the proposed changes to our business and our focus clearly on the future and exceeding our clients expectations, we are pleased to offer you the latest Invest in Queensland. I encourage you to contact any one of my professional colleagues, or myself, to discuss any of these opportunities. shaun douglas Executive Chairman 0411 075 356 sale/lease Level 5, 270 Adelaide Street, Brisbane Entire Floor Available In Brisbane s Newest A-Grade Strata Building $1.95 M to purchase / Sub - $390/m 2 Gross Effective to lease Entire 309m 2 floor VEST IN QUEENSLAND Currently split into 121m 2 & 162m 2 suites High quality fit-out in place 1 secure car park also included Located in the Golden Triangle Completed in 2011 ensuring limited capex will be required in coming years Excellent natural light throughout floor Ken Lucht 0413 154 854 klucht@chesterton.com.au Ben Sikalas 0403 733 630 bsikalas@chesterton.com.au
FOR SALE 9 Hercules Street, Hamilton www.realcommercial.com.au/502332982 Commercial Investment Opportunity Secure net income of $930,000* p.a. WALE based on income of INVEST IN QUEENSLAND 4.0 years* NLA of 2,175m 2 on 1,841m 2 land Secure basement parking for 39 vehicles 100% occupancy with 4 fully leased tenancies High quality office accommodation Situated in Northshore Hamilton with existing DA for 141 residential units * Approx. Chris McLeod 0410 614 302 cmcleod@tcnworldwide.com.au Shaun Douglas 0411 075 356 sdouglas@chesterton.com.au Expressions Of Interest Close 12pm Thursday 11 th May 2017
FOR SALE 632 Wickham Street, Fortitude Valley Fortitude Valley Lifestyle Precinct / Prime Freehold Retail Investment High grade retail/showroom A-Grade international tenant NLA of 485m 2 Net income $198,770* p.a Depreciation benefits Located in the heart of the Valley 336m 2 Site Area Outstanding showroom exposure Situated within Homemaker precinct * Approx. please contact: Jeff Dolan 0412 433 377 jdolan@chesterton.com.au Jim Wicks 0416 126 353 jwicks@chesterton.com.au For Sale By Expressions Of Interest
auction 76 Lower River Terrace, Kangaroo Point Brisbane s Iconic Cliffside Apartment Building Rare opportunity to own a piece of Brisbane history Breathtaking city views that can never be built out 1,424m 2 site overlooking Brisbane River & CBD Heritage listed 5 level Tudor style apartment building Comprises 8 Art-deco style apartments + caretakers lot. 10 Secure car parks + 3 visitor bays Being sold in one line please contact: Jeff Dolan 0412 433 377 jdolan@chesterton.com.au Jim Wicks 0416 126 353 jwicks@chesterton.com.au Auction -11am Thursday 18 th May 2017
FOR SALE 100 Wharf Street, Brisbane Fully Leased Investment 663m 2 of NLA across two levels Secure parking for 22 vehicles (1:30m 2 of NLA) 3+3 year leaseback with a net income of $356,000* p.a. Long established tenant Quality refurbishment Potential for vacant possession High exposure - island site with frontages to Turbot, Wharf & Wickham Terrace Opportunity not to be missed * Approx. please contact: Shaun Douglas 0411 075 356 sdouglas@chesterton.com.au Offers To Purchase Close 12pm Thursday 18 th May 2017
FOR sale 204 Oxford Street, Bulimba Brisbane s Premier Retail Opportunity Secure net income of $779,000*p.a. WALE based on income of 3.35 years* INVEST Fixed annual IN QUEENSLAND rent increases of 5% 13 fully leased tenancies Multi level retail / commercial * Approx. Site area of 1,347m 2 with on-site parking for 29 vehicles Prime corner location with dual street frontages Located in tightly held Oxford Street precinct Please contact: Ken Lucht 0413 154 854 klucht@chesterton.com.au www.realcommercial.com.au/502076170 FOR LEASE 11/541 Boundary Street, Spring Hill *Artists Impression Owner Wants Leased! Secure parking for three cars 180m 2 over two levels with spacious balcony INVEST IN QUEENSLAND 49m 2 on the first floor and 131m 2 on the second floor Excellent natural light Staff break-out area Vibrant Hospital precinct - Spring Hill Vacant and ready to occupy NOW Please contact: Warren Jopson 0412 119 849 wjopson@chesterton.com.au www.realcommercial.com.au/501893074
FOR LEASE www.realcommercial.com.au/ 502357906 36 Warry Street & 37 Kennigo Street, Fortitude Valley Immaculately Refurbished Heritage Office Space Fully fitted out heritage office space Exposed brickwork, timber beams & air-conditioning ducts Excellent natural light Areas from 33m 2-546m 2 Close proximity to Chinatown & Brunswick Street malls Fortitude Valley Rail and multiple bus stops nearby Joel Calcutt 0435 776 876 jcalcutt@chesterton.com.au Ben Sikalas 0403 733 630 bsikalas@chesterton.com.au FOR LEASE 500 Queen Street, Brisbane www.realcommercial.com.au/500383711 Last Remaining Space - With Full Fit-Out Asset built to an A-Grade specification Brand-new furniture & fit-out packages for tenants Large amount of car parking available at competitive rates Boardrooms, meeting rooms, perimeter offices, workstations and new kitchen 1.8m high perimeter glazing to all 4 sides of the building providing exceptional natural light Ben Sikalas 0403 733 630 bsikalas@chesterton.com.au Aaron Gray 0455 667 703 agray@chesterton.com.au
Quality Space In Prime Location Partially fitted-out space Excellent natural light Air-conditioning throughout On-site parking available 350m walk to Central Train Station Easy walk down the hill to the CBD and Riverside precincts www.realcommercial.com.au/500662827 Joel Calcutt 0435 776 876 Ben Sikalas 0403 733 630 FOR lease 147 Wharf Street, Spring Hill FOR LEASE 10 Stratton Street, Newstead Outstanding Branding Opportunity 129m 2 retail / office space Excellent internal ceiling height Air-conditioned throughout Blank canvas providing a multitude of uses Ideal for retailers or office users wanting exposure and branding Located at the base of circa 150 apartments www.realcommercial.com.au/502260782 Herman Hunt 0401 043 413 herman@bluecommercial.com.au Joel Calcutt 0435 776 876 jcalcutt@chesterton.com.au
FOR LEASE 247 St Pauls Terrace, Fortitude Valley *Artists Impression Fully Refurbished Character Space Full building refurbishment including foyer, bathrooms and common areas Flexible areas from 95m 2-328m 2 available Industrial character with exposed services and brickwork Excellent natural light throughout Undercover on-site car parking Corner location with expansive exposure to traffic Ready to occupy NOW www.realcommercial.com.au/502257934 please contact: Joel Calcutt 0435 776 876 jcalcutt@chesterton.com.au WWW.CHESTERTON.COM.AU
FOR LEASE 155 Wharf Street, Spring Hill Whole Building On Doorstep Of CBD Areas from 166m 2 to whole of building 744m 2 Fully fitted out with boardroom, offices and open plan areas Exclusive outdoor terrace Natural light throughout building Ample on-site car parking Excellent proximity to CBD Walking distance to Central Train Station www.realcommercial.com.au/ 502348950 please contact: Joel Calcutt 0435 776 876 jcalcutt@chesterton.com.au Ben Sikalas 0403 733 630 bsikalas@chesterton.com.au FOR lease 201 Charlotte Street, Brisbane CBD Reimagined, Refurbished And Ready For Inspection Brand-new refurbished foyer, lift lobby and End-Of-Trip facilities A-Grade standard of finishes throughout On-site childcare centre 150m from Eagle Street Pier Fit-outs to suit a variety of requirements from 134m 2 to 867m 2 whole floor plates www.realcommercial.com.au/501982142 Ben Sikalas 0403 733 630 bsikalas@chesterton.com.au Aaron Gray 0455 667 703 agray@chesterton.com.au
FOR SALE 15 Attlee Street, Townsville (Currajong) Sizzling Investment on Large Holding with Development Approval (DA) $374,083* Gross rental income NLA of 1,372m2* across 5 tenancies 6,167m2* Site Ample customer car parking on-site for 98 vehicles Mixed Use Zone Development Approval (DA) for drive-thru addition Tenants include Subway and Sizzler www.realcommercial.com.au/502360118 John Quinlan 0407 326 271 john@quinlanpg.com.au Warren Jopson 0412 119 849 wjopson@chesterton.com.au Offers to Purchase Close 12pm Thursday 18th May 2017 www.chesterton.com.au Information in this document may have been provided to Chesterton International (Qld) Pty Limited by other people and we do not warrant that it is accurate or correct. Figures quoted are approximate only and financial information is provided without reference to the possible impact of GST. Interested parties should make their own enquiries and seek independent advice before acting. Subject to any statutory limitation on its ability to do so, Chesterton International (Qld) Pty Limited disclaims liability under any cause of action including negligence for any loss arising from reliance upon this document. This document is not an offer or part of a contract of sale.