Riverside wonderCurrumbin retail space up for grabs

October 8, 2015

User: Geoff.Crockett Time: 10-09-2015 12:20 Product: SSH PubDate: 08-10-2015 Zone: All Edition: Main Page: SHARED_16 Color: CC

Thursday, October 8, 2015 DailyDaily

PAGE 26 www.sunshinecoastdaily.com.au

For sale by offers to purchase closing Wednesday, 15 October at 4pm

Rocky Carwash and Carwash on CanningCarwash on Canning, 32 Connolly Street, Allenstown QLDRocky 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 a must for investors and owner operators to inspect who are looking to obtain a secureinvestment/business (or businesses) in an industry growth sector, in a very stable region.

07 4921 2347Pat O’Driscoll 0418 792 571 View at KnightFrank.com.au/2369236

*Approx

MM

0755

81

For Sale by Expressions of Interest (Price Guide $80psm)

• 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

QLD, North Maclean: Mt Lindesay Highway

FOR SALEZONED LAND $80PSM*

Sam Higgins+61 439 034 045

Jack Pershouse+61 439 673 131

*approx Level 3 Waterfront Place, 1 Eagle Street, Brisbane

www.cbre.com.au

A RETAIL unit with StudentFlights as an anchor tenantat Alexandra Headland onthe Sunshine Coast has beensold by Ray White Commer-cial North Coast Central.

The 67sq m unit at 4/180Alexandra Pde, AlexandraHeadland, was sold to a localinvestor by Ray White Com-mercial North Coast Cen-tral’s Emily Pendleton andDamien Poole for $435,000and a yield of 6.62%.

Ms Pendleton said the re-tail space attracted strong in-terest during the marketingcampaign due to its promi-nent beachfront location andlong-term tenant.

“We had many inquiriesfor this property and there isstrong demand from inves-tors for tenanted propertiesin this price bracket,” Ms

Pendleton said.“The property is occupied

by leading student travelspecialist, Student Flights,which has a five-year leaseexpiring in 2020.

“Student Flights has beenlocated in the premises forthe past five years and bytaking up their option, theyhave demonstrated their sta-bility and longevity as astrong tenant with positivegrowth for the future.

“The net rent from thisproperty is approximately$32,000 per annum plus out-goings and GST.”

Mr Poole said the propertyrepresented a solid and at-tractive investment due to itsposition in one of Queens-land’s fastest growing re-gions.

“Alexandra Headland ispart of the Sunshine CoastRegion and is a gateway toboth Brisbane and northernregions,” he said.

“With a population growthof 10.1% between 2008 and2013, higher than the nation-al growth rate of 8.7%, theSunshine Coast is an ideal in-vestment opportunity loca-tion.

“The region has access toall major transport networksand is an enterprise corridorfor business, being centrallylocated and providing a focalpoint for commercial, highvalue industry, retail and re-sidential growth.”

Further inquiries to MsPendleton on 0402 435 446 orMr Poole on 0414 457 022.

CHANGED HANDS: The unit at 4/180 Alexandra Pde, Alexandra Headland, sold for $435,000.PHOTO: CONTRIBUTED

Retail unitwith anchortenant sold

❝The region hasaccess to allmajor transportnetworks and isan enterprisecorridor forbusiness.

Thursday, October 8, 2015DailyDaily

www.sunshinecoastdaily.com.au PAGE 27

Unit 9 & 10 Transport Avenue• Two mirror image business units• 220m2* total floor area and 42m2*

mezzanine office, balcony 11m2*and warehouse 167m2*

• Broadband connectivity

Lot 23 Transport Avenue• 6,323m2* vacant site• Zoned Industry (low impact)• Close proximity to airport,

rail, highway and CBD• Fully serviced

AuctionFriday 30 October 2015 11amVenue On-siteStuart Higgins 0408 832 995raywhitecommercial.com *approx.Property ID’s 944092 & 1085935 RW

C377

Ray White Mackay

Paget Industrial — Clearance SaleOutline Indicative OnlyOutline Indicative Only

Shopping Centre Tweed ShireTerranora 2-14 Lawson Drive, New South Wales• Net lettable area 4,900m2*, land area 1.94ha*• 21 retail tenancies with ample on-site parking• Substantial passing income• Suit investors and Tavern operators• Significant value add opportunities• Located in a high growth area

Ray White Commercial Coolangatta /Tweed Heads

RWC3

62

AuctionWednesday 21 October 2015 3pm AEDSTVenue On-siteAssi Dadon 0415 598 588raywhitecommercial.comProperty ID 1364435 *approx.

Outline Indicative OnlyOutline Indicative Only

TavernTavern

SupermarketSupermarket

Medical CentreMedical CentreChild CareChild CareCentreCentre

Service StationService Station

Drive-thruDrive-thruBottle ShopBottle Shop

CoolangattaCoolangatta

Big Industrial Shed and HardstandGladstone 7 Morgan StreetLarge heavy industrial workshop with overhead crane. Shed includesstore, smoko room and amenities.• 2,400m2* shed, separate offices• 1.5ha* land area• Leasehold land 3 x 3 port authority lease

AuctionTuesday 27 October 2015 6pmVenue Grand Hotel, GladstoneDale Ware 0417 643 517raywhitecommercial.comProperty ID 1152761 *approx. RW

C410

Ray White Commercial Gladstone

Commercial Property

ONE of Brisbane’s mosthighly acclaimed luxuryapartment hotels is being of-fered to the market on a saleand leaseback basis, as itsowners look to recycle thecapital to fund further ex-pansion.

The property, located at 40Astor Tce, Spring Hill, in-cludes the Punthill Brisbanepremium apartment hotel,Jak+Hill restaurant and bartenancy, over 200sq m ofcommercial office space, anda large car park.

The fully-leased propertyoccupies an 1801sq m free-hold site and was extensivelyrefurbished in 2012.

“The mixed-use propertyis fully leased on a triple netbasis, and offers income se-curity via strong lease cove-nants, attractive annual andmarket reviews, and aweighted average lease expi-ry of 9.7 years,” JLL Hotelsand Hospitality senior vicepresident of investmentsales, Peter Harper, said.

“This is significant for apassive investment oppor-tunity in Brisbane across all

asset classes.”Punthill Brisbane itself

comprises 71 keys, spread ov-er 70 studios and one two-be-droom manager’s apart-ment, together with

conference facilities, a swim-ming pool, gymnasium andassociated guest amenities.

The 4.5 star boutiqueapartment hotel achievespositive guest reviews on

TripAdvisor and other lead-ing accommodation bookingwebsites, with PunthillApartment Hotels revealingthat it wants to capitalise onstrong market conditionsand recycle capital intofurther expansion opportun-ities.

Punthill Apartment Hotelsdirector Alan Caras said:“Capital from the sale of 40Astor Terrace will fuel Pun-thill’s large-scale expansionplans – 287 keys are alreadyslated to be added in 2016 and2017 across three new Mel-bourne hotels in the CBD, in-ner north and eastern com-mercial precincts.

“The group is also scout-ing sites in the Brisbane andSydney CBDs and outer com-mercial catchment areas,with a vision to build a na-tional apartment hotel net-work over the next decade.”

Punthill Apartment Hotelsis one of Australia’s mostprominent serviced apart-ment hotel operators, with 13properties across Australia.

JLL Hotels and Hospitalitygroup’s Peter Harper andPaul Fraser will exclusivelymarket the property by a ex-pressions of interest. – REA

Boutique hotelcomplex on offer

FREEHOLD SITE: The Spring Hill property includes the PunthillBrisbane apartment hotel, Jak+Hill restaurant and bar andmore than 200sq m of commercial office space.

PHOTO: CONTRIBUTED

By GEMMA WESTACOTTgemma.westacott@scnews.com.au

A COMMERCIAL office/re-tail/showroom in the heart ofthe Maroochydore CBD onthe Sunshine Coast is beingoffered for lease by RayWhite Commercial NorthCoast Central’s Emily Pen-dleton.

The property at 6/1 New-spaper Place, Maroochydore,has a lettable area of about171sq m and is located in abusy retail and officecomplex with on-site carparking.

“This unique office/retailunit is positioned within oneof the Sunshine Coast’sgreatest high-profile loca-tions,” Ms Pendleton said.

“The complex is located inthe heart of MaroochydoreCBD and has excellent expo-sure to Aerodrome Rd and

Maroochy Boulevard.“The fully air-conditioned

tenancy includes commer-cial ground floor space withoffice and kitchenette, plustwo additional mezzanineareas of approximately30sq m and 40sq m respec-tively.

“There is great signageavailable on the building aswell as pylon signage for thestreet.

“This is a great opportun-ity for someone to establishthemselves in the Maroochy-dore CBD precinct at one ofthe most competitive rentalrates in the area.”

Ms Pendleton said the te-nancy is available for $30,000per annum.

Further inquiries to MsPendleton on 0402 435 446.

PRIME POSITION: The fully air-conditioned tenancy includescommercial ground floor space with office and kitchenette,plus two additional mezzanine areas. PHOTO: CONTRIBUTED

Office for lease inMaroochydore CBD

Thursday, October 8, 2015 DailyDaily

PAGE 28 www.sunshinecoastdaily.com.au

Peter Ward+61 412 001 700

Glen Grimish+61 408 288 517

Auction: Thursday 12th November 2015 at 2.00pmVenue: On site

• 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

QLD, Mooloolaba: 197 Brisbane Road

AUCTIONFREEHOLDGOING CONCERNMOTEL,WITH DA FOR CHILD CARE

Outline indicative only

www.cbre.com.au1st Floor, 11 Walan Street, Mooloolaba, Sunshine Coast, QLD 4557*approx

Commercial Property

A SYDNEY syndicate haspurchased two adjoining re-tail/commercial buildings atLutwyche on Brisbane’snorthside for $22.5 millionthrough Ray White Commer-cial.

Ray White Transact’s RickBird said the offers to pur-chase campaign for the two-storey property at 461-473Lutwyche Rd attractedstrong interstate and over-seas interest.

“It was very aggressivelysought after and attracted alot of interest but, in the end,

the vendor decided to accepta clean deal that was not sub-ject to financing and capitalraising before the close of thecampaign,” he said.

The property, which wasextensively refurbished byHutchinson Builders forformer owner Harvest In-vestments, has a net lettablearea of 4962sq m.

It is on a prominent4416sq m site with 87m ofmain road exposure.

It was sold with a 10-yearplus weighted average leaseexpiry and is occupied

by betting and gaming com-pany Ladbrokes and FitnessFirst.

Rick Bird said the 7.09%yield reflected the security ofthe long-term lease, tenantquality and future residen-tial redevelopment potential.

“With bank interest rateslow and the stockmarket vo-latility, blue-chip secure in-vestment property is in hotdemand,” he said.

“With interest rates todrop further I expect yieldsto stay at lower levels well in-to the future.”

REDEVELOPMENT POTENTIAL: The property was extensively refurbished and has a net lettablearea of 4962sq m. PHOTO: CONTRIBUTED

Sydney syndicate wins battlefor adjoining city buildings

A RETAIL precinct adjacentto the scenic CurrumbinCreek on the Gold Coast thatis also home to one of Austra-lia’s top award-winning res-taurants will be put to publicauction next month.

The retail component ofthe mixed-use developmentknown as Oceanwalk Plaza,at 3 Thrower Dr, Currumbin,is expected to drive a flurryof investor interest beforebeing offered for sale by auc-tion on October 14.

The Oceanwalk Plaza com-prises 26 apartments in a mi-drise residential develop-ment, together with a mix ofthree food offerings, includ-ing the award-winning Al-lure on Currumbin restau-rant, along with a traditionaltakeaway seafood outlet anda Japanese restaurant.

The retail precinct is an-chored by the highly ac-claimed Allure on Currum-bin restaurant, which wasrecently voted the secondbest restaurant in Australiain the Travelers’ ChoiceAwards by travel websiteTripAdvisor – second only tocelebrity chef Shannon Ben-nett’s Melbourne restaurantVue De Monde.

Knight Frank Gold Coastdirector of commercial salesand marketing agent, JamesBranch, said the retail pre-

cinct was likely to attract in-terest from a broad range ofself-managed super fundsand private investors acrossthe country.

He said similar retail pro-perties in the area wereachieving yields rangingfrom 5% to 7%, with Ocean-walk likely to achieve a yieldof at least 6%.

Knight Frank Gold Coastjoint managing directorMark Witheriff said recentactivity in the retail stratamarket has supported the de-cision to offer the property atthis point in time.

“We have seen the sale of anumber of properties in theimmediate vicinity, such asBurleigh Heads and Palm

Beach, which have attractedaggressive bidding by poten-tial purchasers,” he said.

“Given that the propertyhas a combined net incomeof $169,534 and will beoffered for sale either in oneline or as three separate of-ferings, we are confident thatthe campaign will find inves-tors that this property will

ideally suit.”Mr Branch said the retail

precinct was highly desira-ble as it was 100% let, with allof the businesses tradingwell, including Allure onCurrumbin, which has re-cently signed a further five-year lease.

“We recently took a largerretail property in the area to

market and were surprisedby just how strong the levelof interest was. I would ex-pect Oceanwalk Plaza to re-flect that as well.”

The retail precinct ofOceanwalk Plaza will be of-fered for sale in one line or asindividual offerings by wayof public auction on October14. – REA

Strong interest in precinctBy 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.PHOTO: CONTRIBUTED

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