The Prospect - Aug/Sep 2017 Edition

AUGUST/SEPTEMBER 2017 SPRING ISSUE

PRTOheSPECT

A tempting selection of commercial, industrial and
business offerings on the Gold & Tweed Coasts, proudly

brought to you by Ray White Commercial GC South

Transforming the Coast

FIVEwith infrastructure
BIG
IDEAS

A selection of region-building projects
that have just landed on the Southern Gold Coast

CONTENTS

PRTOheSPECT PRINCIPAL’S UPDATE..................................................... 3

DISCLAIMER: The Prospect is published by FIVE INFRASTRUCTURE
JSH Commercial Pty Ltd. All rights are reserved PROJECTS TRANSFORMING
and the contents are copyright and may not
be reproduced without the written consent THE GOLD COAST......................................................... 4
of the publisher. The publisher and it’s related YOUR INSIGHT................................................................ 5
companies and officers hereby disclaim, to DEPRECIATION SCHEDULE CASE STUDY.............. 6
the full extent permitted by law, all liability, EOFY WRAP-UP WITH STEVE MCLEAN.................. 7
damages, costs and expenses arising out of or in MARKET STATS.............................................................12
connection with reliance upon the information AGENT FEATURE: DRU MORGAN..........................14
contained herein. We encourage potential MEET THE TEAM.........................................................22
buyers and interested parties to conduct their
own due dilligence in order to ensure that Reach out to any member of the Ray White
all details related to the sale, purchase or Commercial GC South team
lease of property are true and correct.
We use our best endeavours to compile this OFFICE ADDRESSES...................................................23
magazine but cannot guarantee the accuracy of
information provided by others. For additional Street addresses and phone numbers for
copies or distribution enquiries please contact each of our offices on the Gold Coast
Sophie Auchere on 5535 0500. © Copyright
2017 Ray White Commercial GC South Network RAY WHITE COMMERCIAL

2017

facebook.com/Ray-White-Commercial-GC-South-
438199686379528

2 raywhitecommercialgcsouth.com

PRINCIPAL’S
UPDATE

QLD Commercial dominates Auction Clearance rates

With the second quarter of 2017 now well behind us, there pre-sale. Development site campaigns were the most
is good data to reflect upon. The sale of commercial real costly averaging $8,098 followed by office ($7,669),
estate has continued to record strong demand in retail and industrial ($6,720) and retail ($5,362).
industrial asset classes.
The second quarter period saw 73 commercial listings
A standout success so far this year has been the auction with Auction campaigns brought to market across the Ray
process itself. There is good reason for this. As a group White Commercial network (up from 46 last quarter or
Ray White Commercial have a history of strong auction 33 for the same period in 2016). These auctions yielded
performances. A determined focus has ensured auction a robust selling rate, with strong clearance of 86.30%
clearance rates remain elevated and good average sales recorded with a total volume of sales of $95.588 million.
prices of $1.812million for retail assets and $1.323million The total 2016/2017 financial year saw $310.927million
for industrial have been achieved. These asset classes change hands in Auctions which represents 193 sales
have usually been actively pursued by local investors and across a total of 223 Auctions. Overall demand for
owner-occupiers taking advantage of the low interest rate commercial assets continues to be strong in 2017 after a
environment and capitalising on falling yields and rising highly competitive 2016 period.
rents in some locations.
RAY WHITE COMMERCIAL AWARDS
During the second quarter 2017, Ray White Commercial Recently we received a variety of acknowledgements at
has seen slightly higher Queensland auctions weighting the highly contested Ray White Commercial Awards on
representing 39.73% followed by Victoria at 32.88% and the Gold Coast. Our team of experienced agents took out
New South Wales with 24.66%. Queensland continues to a number of coveted awards including Fourth Office in
punch above its weight with an excellent clearance rate Settled Fees Internationally, while Dru Morgan, Brendan
of 89.66% this period, second only to New Zealand which Morgan and Darren Jones all achieved Premier Status.
saw an anomalous 100% success rate of the two auctions Our congratulations go to every member of the team who
called. made this possible, including our amazing support staff.

It takes some skill to help buyers and sellers align their One of the inherent strengths of the Ray White
expectations around price. Strong research underpins Commercial GC South network is the great comradery
every discussion we have when establishing a selling price. we maintain with both clients and fellow staff alike. These
The market dictates what can and can’t be achieved. Our relationships have lasted many years, and in two cases at
ability to find the best available buyers is an important least ten years, with Assi Dadon and Greg Watson both
reason why our clearance rates remain high and our receiving their Ray White Commercial ten year awards.
vendors continue to have confidence in the Ray White
Commercial GC South Auction process. That longevity is an excellent marker for your success
as a commercial real estate investor. Experience counts.
A key component to finding the best of available Thoroughly understanding the Gold Coast commercial
purchasers is marketing. An active campaign across print market has given our clients an important advantage when
and digital media results in greater buyer awareness. The deciding when to buy and when to sell.
skill of the agent in nurturing interest generates spirited
competition between buyers for the privilege of purchase. All the best for September.
Marketing budgets have been showing upward momentum
over the past couple of years as vendors see the value in Jared Hodge
both digital and print advertising in heightening awareness Principal, Ray White Commercial GC South

3

Transforming the Gold Coast Coolangatta Airport
Masterplan
FIVEwith infrastructure
IBDIGEAS APPROVED Gold Coast Airport is about to begin a
$200-million transformation to add extra
space for larger aircraft because it is now at
capacity in peak times. There are now 5.8
million passengers using the Gold Coast every
year, making it Australia’s sixth largest airport.

The Southern end of the Gold Coast is charging ahead with a number of high-profile APPROVED
projects underway, some even nearing completion. The bold moves to boost visitor
numbers and create smoother production pathways is already paying dividends, with
availability of commercial property in the area showing signs of exceeding demand. Here’s
the top-five new developments that will transform business and the GC economy.

$600m Broadbeach M1 Gold Coast to
to Burleigh Light Rail Brisbane upgrade

Stage 3 The Federal and State Governments
have announced it will split the $500
The 7km track, revealed by the Bulletin in
March, will follow the Gold Coast Highway million bill to upgrade Queensland’s
most congested road, the M1. Long
and terminate near Goodwin Terrace. overdue, the agreement means the
Council and Government got together to fund M1 between Mudgeeraba and Varsity
Lakes will be upgraded to six lanes.
the much-needed infrastructure.

APPROVED

DELIVERED

UNDERWAY Commonwealth Southern Cross
Games - 2018 University
4
The Gold Coast 2018 Commonwealth Games Southern Cross University’s Gold Coast
(GC2018) will be the largest sporting event Australia campus is located at Coolangatta just 400
will see this decade. As the first regional Australian city metres from North Kirra Beach, and adjacent
to ever host a Commonwealth Games, the promotional to the Gold Coast Airport. The public SCU
exposure for business, trade, investment, tourism and Health Clinic, clinical laboratories for nursing
events will herald a new era in the region’s growth. and midwifery, laboratories for occupational
therapy students and physiology, anatomy and
biomechanics laboratories are also located at
the campus.

Kingscliff Office YOUR
Investment Sold INSIGHT

Suites 22 and 23 in Kingscliff Central Keeping you informed of
11-13 Pearl Street, Kingscliff notable local sales and leases

Tenanted professional offices in the beachside to high speed satellite internet and are in a
suburb of Kingscliff on the far north coast great position on the upper floor with floor to
of NSW have been sold by Ray White ceiling windows.”
Commercial GC South.
The suites are in a fantastic office building
Suites 22 and 23 in Kingscliff Central at 11-13 with direct access to Marine Parade cafes.
Pearl Street, Kingscliff, were sold for $950,000 Kingscliff is a vibrant seaside community on
to a private investor by Darren Jones of Ray the Tweed Coast and is a well-known tourist
White Commercial GC South and James destination. The area is also popular with
Shugg of Ray White Kingscliff/Casuarina, on the local residents of the Gold Coast and
behalf of a private owner for a yield of 9.2%. Murwillumbah. It has a variety of cafes and
restaurants as well as businesses specialising
“This was a rare opportunity to purchase in medical and professional services.
fully leased serviced offices in the beachside Source: Gold Coast Bulletin July 2017
suburb of Kingscliff,” Mr Jones said.
Darren Jones
“The suites have a high quality fit out and are 0402 188 648
occupied by multiple tenants on good leases [email protected]
and returning a net rental of approximately
$88,000 per annum.” James Shugg
0414 502 109
“These quality serviced suites have access [email protected]

Tweed Tenanted Investment Sells for $1.244m

99 Minjungbal Drive, Tweed Heads

A fully tenanted retail investment in a Mr Jones said the offering comprises 5
key location at Tweed Heads in far north two shops on one title with the property
coast NSW has been sold by Ray White generating a net rental income of $92,990
Commercial GC South for $1.244 million. per annum.

The approximately 438m2 freehold building “This outstanding investment opportunity
at 99 Minjungbal Drive, Tweed Heads South, was in an excellent position with major
was sold to a private investor by Darren signage and exposure,” he said.
Jones of Ray White Commercial GC South “The property is on a land area of
on behalf of a private owner for a yield of approximately 935m2 and is directly
approximately 7.4%. opposite Tweed City Shopping Centre.”

“Properties of this type are very hard to find
anywhere in the Tweed region.”

Mr Jones said the property is also managed
by Ray White Commercial GC South Asset
Management.
Source: Gold Coast Bulletin July 2017

Darren Jones
0402 188 648
[email protected]

TAX
DEPRECIATION

Commercial property is about yield. A good
depreciation schedule is vital to maximise returns.

Make sure you claim every entitlement

As a building gets older and items within THE FIGURES Did you know?
it wear out, they depreciate in value.
The Australian Tax Office (ATO) governs Lillian purchased a retail shop for $875,000 Any contracts entered into on
legislation that allows owners of income jut over a year ago. Her property was then or after the first of July 2017
producing property to claim a tax deduction leased to a tenant for $1,340 per week, nominating a sale price of
for this wear and tear. earning her a total rental income of $69,680 $750 000 or greater, will
per year. require the seller to obtain
Capital works deductions can be claimed on an ATO clearance certificate
the building’s structure and items considered Expenses for Lillian’s property including prior to settlement. Otherwise
permanently fixed to the property, while interest, rates, management fees, repairs and 12.5% of the purchase price
depreciation can be claimed on the plant and maintenance totalled to $62,024. will need to be retained
equipment assets contained within it. by the buyers solicitors at
After hearing about depreciation and settlement and remitted to the
Claiming depreciation and the associated the deductions she could claim, Lillian ATO immediately following
capital works deductions is a significant enlisted BMT Tax Depreciation to prepare settlement.
taxation benefit, and one which many a tax depeciation schedule. From the tax
investment property owners are unaware depreciation schedule, she found out she If there are two or more sellers
of. Depreciation is a non-cash deduction would be able to claim $43,500 as a first year each of them will have to
meaning you do not need to spend any deduction for her commercial property.
money to claim it. The tables below outline Lillianís scenario
before and after she made her claim.
CASE STUDY
Simply by claiming depreciation, Lillian was
In the following we consider a commercial able to improve her after tax cash position by
retail shop which was purchased for an additional $16,095. This improved Lillian’s
$875,000. cash position from $93 to $402 per week.

RETAIL SHOP PURCHASED FOR $875,000

Scenario WITHOUT depreciation claim Scenario WITH depreciation claim of $43,500

Annual income ($1,340 x 52 weeks)........ $69,680 Annual income ($1,340 x 52 weeks)........ $69,680
Annual expenses........................................... $62,024 Annual expenses........................................... $62,024
Pre-tax cash flow (income - expenses)..........$7,656 Pre-tax cash flow (income - expenses)..........$7,656
Tax expense Cash flow position
(pre-tax cash flow x tax rate of 37%)......... -$2,833 (pre-tax cash flow – depreciation)............-$35,844
After tax cash position Tax refund
(pre-tax cash flow + tax refund)....................$4,823 (pre-tax cash flow x tax rate 37%)............ $13,262
Cash position per week........................................$93 After tax cash position
(pre-tax cash flow + tax refund)................. $20,918
Cash position per week..................................... $402

WEEKLY IMPROVEMENT IN AFTER-TAX POSITION $309

6 Source: www.bmtqs.com.au

EOFY WRAP-UP

“Interest rates “ LOAN MARKET’S STEVE MCLEAN TAKES prices of iron ore and coal declined over the
remained A LOOK BACK AT WHAT MADE NEWS IN past couple of months.
low, with the THE MORTGAGE MARKET
depreciation of Headline inflation rates across the globe
the exchange Can you believe we’re already mid-year, increased, however core inflation remains
rate... helping with another financial year just wrapping low.
to transition up? The property market and employment
the economy rates varied significantly from region to Interest rates remained low, with the
region, interest rates remained low, the depreciation of the exchange rate over the
following cash rate mostly remained unchanged, and past three years helping to transition the
the mining headline inflation increased in Australia, as economy following the mining investment
investment it did overseas. boom.

boom. HERE’S OUR QUICK SNAPSHOT OF THE Early in 2017 there was a slowing down of
16/17 YEAR AS IT WAS: year-end GDP growth, yet economic growth
obtain a clearance certificate. is still expected to gradually increase to just
If the seller is a foreign person The cash rate remained unchanged at above 3% in the next couple of years.
for tax purposes then it is very 1.50% for most of the year. The property
likely that they will not be able market varied considerably, with prices A new $5 banknote entered circulation
to obtain the clearance both rising and declining across the country. in September, featuring images of Prickly
certificate (which means there In areas where prices have increased, Moses wattle and the Eastern Spinebill. It
will be a retention of 12.5% at conditions are expected to ease in the was the first in a new series of banknotes
settlement), but we recommend foreseeable future. expected to be rolled out over the coming
they be encouraged to seek years.
advice regarding this from their In terms of employment outcomes,
tax accountant as soon as the this also varied across the country. The Steven McLean
property is listed for sale. Most unemployment rate remained steady, and Senior Mortgage Broker
sellers will be able to obtain this there was growth in part-time employment. Phone 07 5525 6700
certificate by logging on to the There was general employment growth over 0418 535 777
ATO website. the last few months which is expected to [email protected]
continue, however wage growth remains
low.

Lenders initiated an increase in mortgage
rates, especially on those paid on interest-
only loans or paid by investors.

Our national income was boosted due to
higher commodity prices, although the

7

AUCTION | COMMERCIAL INVESTMENT FOR SALE

FoAruScatlieon Auction
6 September at 6.00pm
Tenanted Investment - Freehold Professional Offices Currumbin RSL,
Currumbin
1 WAUGH STREET, CHINDERAH, NSW
Darren Jones
• Professional Offices located in Chinderah 0402 188 648
• Long term Solicitors office to be sold [email protected]
• Net income of $49,440 pa on a 3 + 5 + 5 lease
• Approx. 300m2 building over 2 levels raywhite.com/1714764
• 1,119m2 of land close to the M1 and the Tweed River
• Owner will look at offers prior to Auction

For Lease

Fully Fibre Connected Office Space at Great Value

1 BELLVUE DRIVE, VARSITY LAKES, QLD Lease
From $275/m2 pa + GST
RP1 Building, Varsity Lakes, offers the best value rent on the Gold Coast! Available on a short term / long (including outgoings)
term leases, there are limited opportunities to lease fitted out office space with full fibre connectivity at well
under market rental! Agent
Brad Duncalfe
• Office space available range from 115m2 • 2 fully-functioning call centres available: 0419 641 058
• Access to Fibre Optic Internet (fully cabled) - 1 x 42 seat call centre [email protected]
• Partly fitted out offices - 1 x 60 seat call centre
• Flexible lease terms raywhite.com/1646955
• On site secure car parking
• L easing rates start from $275/m2 pa + GST

(including outgoings)

For Lease

Modern 143m2 Surgery With Main Road Exposure

180 NAPPER ROAD, PARKWOOD QLD

This suite is a former medical centre and is approved for • Good signage opportunities Lease:
Price Upon Application
this use but could also suit a variety of other business • 143m² internal lettable area Dru Morgan
0418 185 484
types. This great property also features a large car park • Great exposure to busy Napper Road [email protected]

at the rear of the building for clients and is in a prime • Ample off street parking for tenants and their clients raywhite.com/1543913

position fronting Napper Road. Contact Dru Morgan behind the main building

today for more information today. • Directly opposite one of the regions largest schools

Ray White Commercial GC South, leading the Industry

MARKET Combined Sales & Leases
STATS
18 JUST UNDER
SALES DEALS
$14M
23 IN DEALS
LEASE DEALS
43.9% 17.1% 36.6% 2.4%
RETAIL
INDUSTRIAL OFFICE OTHER

from the Ray White
Commercial GC South Research Team

Welcome to this month’s report on the commercial sales and leasing activity on the Gold and Tweed Coasts.
The sales and leasing data below is from the research on our agents, public websites, valuers and others.

INDUSTRIAL

SALES

Date Address City NLA m2 Sale Price $/sqm Yield
106 $ 245,000.00 $ 2,311.32 7.11%
31-Jul-17 7/1 Rothcote Court Burleigh Heads 189 $ 375,000.00 $ 1,984.13 5.50%
280 $ 950,000.00 $ 3,392.86 ~
12-Jul-17 3/10-12 Nuban Street Currumbin 266 $ 405,000.00 $ 1,522.56 ~
795 $ 2,250,000.00 $ 2,830.19 6.60%
1-Jul-17 12 Greg Chappell Drive Burleigh Heads 89 $ 220,000.00 $ 2,471.91 6.80%
445 $ 420,000.00 $ 943.82 ~
27-Jun-17 1/16 Dover Drive Burleigh Heads 300 $ 585,000.00 $ 1,950.00 8.00%
119 $ 265,000.00 $ 2,226.89 ~
27-Jun-17 51 Upton Street Bundall

27-Jun-17 6/5 Rothcote Court Burleigh Heads

19-Jun-17 3/10 Rivendell Drive Tweed Heads South
9-Jun-17 1/9 Hutchinson Street Burleigh Heads
2-Jun-17 9/11 John Duncan Court Varsity Lakes

OFFICE/RETAIL

SALES

Date Address City NLA m2 Sale Price $/sqm Yield

21-Jul-17 6/26-54 River Street Ballina 107 $ 585,000.00 $ 5,467.29 ~
100
21-Jun-17 6/14 Wilpark Crest Currumbin Waters 68 $ 440,000.00 $ 4,400.00 ~
168
19-Jul-17 13/109 West Burleigh Road Burleigh Heads 100 $ 333,000.00 $ 4,897.06 ~
19-Jun-17 3917 $ 685,000.00 $ 4,077.38 ~
City Pods' 12/249 Scottsdale Drive Robina 31
150
17-Jun-17 5/33 Dominions Road Ashmore 124 $ 185,000.00 $ 1,850.00 ~

13-Jun-17 82-84 Bundall Road Bundall $ 3,350,000.00 $ 855.25 7.60%

12-Jun-17 1/778 Pacific Parade Currumbin $ 560,000.00 $ 18,064.52 7.30%
7-Jun-17 6/20 Lake Orr Drive Varsity Lakes $ 570,000.00 $ 3,800.00 8.42%
2-Jun-17 Suite 31002/27 Garden Street Southport $ 350,000.00 $ 2,822.58 11.40%

12

INDUSTRIAL

LEASING

Date Address City NLA m2 Gross $ pa $/sqm
Varsity Lakes 216 $ 32,000.00 $150.00
19-Jul-17 3/8 John Duncan Court Burleigh Heads 200 $ 27,720.00 $140.00
Bundall 109 $ 33,000.00 $100.57
4-Jul-17 2/3 Fortitude Crescent Burleigh Heads 225 $ 30,000.00 $114.00
Tweed Heads South 160 $ 26,400.00 $132.00
30-Jun-17 4/72-74 Bundall Road Currumbin Waters 113 $ 18,000.00 $159.02
Varsity Lakes 86 $ 14,300.00 $84.62
27-Jun-17 3/25 Leda Drive Burleigh Heads 249 $ 27,390.00 $136.55
Tweed Heads 160 $ 24,360.00 $135.85
27-Jun-17 2 & 4/29 Industry Drive

27-Jun-17 2/17 Coghill Drive

26-Jun-17 2A/4 Flint Court

19-Jun-17 1/15 Hutchinson Street

19-Jun-17 2/25 Ourimbah Road

OFFICE/RETAIL

LEASING

Date Address City NLA m2 Gross $ pa $/sqm
Tweed Heads
13-Jul-17 Suite 39/75-77 Wharf Street Southport 84 $ 30,250.00 $ 360.12
Palm Beach
11-Jul-17 55 Nerang Street Murwillumbah 97 $ 35,178.00 $ 362.66
Tweed Heads
4-Jul-17 2/1093 Gold Coast Highway Southport 148 $ 40,400.00 $ 272.97
Burleigh Heads
27-Jun-17 3/7 Nullum Street Tweed Heads 63 $ 11,880.00 $ 188.57
Varsity Lakes
21-Jun-17 4/18 Bay Street Coolangatta 50 $ 10,560.00 $ 211.20
Burleigh Heads
21-Jun-17 9th Floor, 12-14 Marine Parade Burleigh Heads 732 $ 256,200.00 $ 350.00
Bundall
19-Jun-17 2/64 Goodwin Terrace Mermaid Waters 70 $ 31,200.00 $ 445.71

19-Jun-17 2/28 Recreation Street 52 $ 14,872.00 $ 286.00

17-Jun-17 1B/165 Varsity Parade 146.7 $ 56,479.50 $ 385.00

16-Jun-17 2/80 Griffith Street 67 $ 23,100.00 $ 344.78

15-Jun-17 44 Hutchinson Street 500 $ 101,640.00 $ 203.28

8-Jun-17 2/9 Ern Harley Drive 130 $ 39,600.00 $ 304.62

1-Jun-17 918/1 Corporate Court 43 $ 52,800.00 $ 1,227.91

1-Jun-17 3/90 Markeri Street 70 $ 45,455.00 $ 649.36

Colour code:
RED Agents Advice
YELLOW Ray White GC South Sale/Lease

13

AGENT PROFILE | DRU MORGAN

Considering selling? Call Dru Morgan.

Dru Morgan

Dru Morgan is the first choice for investors when buying or selling.
Why is that? It comes down to volume. No one sells more commercial property

and that means a great deal more for investors.

Less stress, faster sales
and higher returns.
Dru’s experience
is the key to success.

Like anything in life, the more you practice a skill the better you get. He specialises in commercial sales and leasing, business sales,
After 20 years of selling commercial property and businesses on the consultation and valuation and holds a degree in Business from
Tweed and Gold Coasts, Dru Morgan has established an enviable Griffith University. Dru also holds a Post Graduate Diploma in
reputation of sales success. Property Valuation through Bond University on the Gold Coast.

As one of Australia’s premier Commercial Agents, his focus remains Dru has a wealth of business knowledge and industry contacts.
on clients. By caring for the needs of his vendors, while offering That database, accrued over many years, is an important reason to
top-quality opportunities to buyers, he ensures both parties get the consider him when selling. No other competitor has access to,
outcome they need to move forward. or can offer the benefits of, his nationwide contacts. The frequency
that Dru sells property is another good reason to list with him.
Dru has sold over 500 commercial properties and businesses in all
sectors, large and small, from the Gold Coast to the Tweed Shire. He As part of the Ray White Commercial GC South network there is a
is a specialist in high end commercial property sales and leasing, and pedigree of success. That drive and determination will provide the
works closely with major business groups and investors nationwide. advantage. If you’re considering selling or buying a commercial
property or business, or just looking for a little expert advice, contact
Dru was raised in Coolangatta. He still lives there and has an Dru Morgan. His commitment and focus on your needs will win you
intimate knowledge of local businesses and commercial issues. over. Call Dru 0418 185 484 or email [email protected]

DRU MORGAN | MOB: 0418 185 484 | EMAIL [email protected]

DRU MORGAN | AGENT PROFILE

Recent noteworthy sales by Dru Morgan.

Freehold Storage Facility Freehold Function Venue Lots 1 & 2, 778 Pacific Pde Currumbin
Tweed Heads - Sold for $2.45m Murwillumbah - Sold for $1,100,000 Sold for Combined price of $1,042,000

Retail Commercial Shops - Bed and Breakfast Resort - Bilambil 10,11,12 18 Stuart Street Tweed
Coolangatta - Sold for $1,450,000 Sold for $1,500,000 Sold for $2,000,000

Waterfront Development Site Retail Commercial 3,4,5 99 Griffith St Industrial Factory Miami
Chinderah - Sold $1,060,000 Coolangatta - Sold $950,000 Sold $735,000

In real estate, they say you are only as good as your last sale.
Because Dru Morgan sells more commercial property he offers buyers and
sellers a better outcome. His proficiency and systems achieve success more often.

DRU MORGAN | MOB: 0418 185 484 | EMAIL [email protected]

BUSINESS FOR SALE | WEST BURLEIGH

For Sale

Business For Sale - JFK Woodfire and Bar

37A TALLEBUDGERA CREEK ROAD, WEST BURLEIGH Sale
Expressions of Interest closing
JFK Woodfire & Bar is a family run business based in week, with 14 weddings already booked in advance 6th October 2017
Burleigh Heads, specialising in amazing atmosphere for the coming months. This has started to become a
and incredible gourmet woodfire pizza. The business significant part of the business and has the capacity Agent
also features one of the Gold Coasts best bars and to increase greatly in the future. Dru Morgan
is rapidly becoming one of the busiest venues in the 0418 185 484
region for both casual intimate dinners and large The business is currently showing sales revenue of [email protected]
group functions. approximately $20,000 per week and continues to
grow strongly. The restaurant is only open 5 nights raywhite.com/1728457
This unique large outdoor undercover alfresco dining per week making the sales revenue even more
area has transformed JFK Woodfire and Bar into impressive, whilst giving the owners a great
on of the Gold Coasts most sought after wedding opportunity to enjoy the Gold Coast lifestyle without
reception hot spots. On average JFK Woodfire and being committed to a 7 day per week business.
Bar are currently hosting a wedding reception each

BUSINESS FOR SALE | BANORA POINT

For Sale

Business For Sale - Banora Point Store

1/19 SEXTON HILL DRIVE, BANORA POINT, NSW 2486 Sale
Expressions of Interest closing
This well located busy convenience business has This is a great opportunity to take control of your 6th October 2017
been a favourite of Banora Point locals for many future and get into your own, well established and
years. The business has solid gross income of over easy to run business. Agent
$350,000 per year with all taxation and financial Dru Morgan
information available. The current owners are looking to retire and will 0418 185 484
happily offer all necessary training and support. All [email protected]
This terrific business is well equipped for future reasonable offers will be considered.
growth with the Banora Point suburb rapidly raywhite.com/1729497
becoming one of the niche areas in Northern NSW.
The business is currently operated 7 days and is a
busy place to shop year round.

BUSINESS FOR SALE | BURLEIGH WATERS

For Sale

Business For Sale - Cafe Biaggi - Treetops Shopping Centre Burleigh Sale
Expressions of Interest closing
7/7 CLASSIC WAY, BURLEIGH WATERS, 4220 6th October 2017

One of the Gold Coasts busiest and best cafes amazing business trades 7 days per week during the Agent
is now on the market. Cafe Biaggi, has been day with no night-time trade. The cafe seats up to Dru Morgan
established since 1997 and occupies one of the 50 patrons in comfort and has a large kitchen and 0418 185 484
best positions on the Gold Coast in busy Treetops servery area, with an excellent array of high quality [email protected]
Shopping centre at Burleigh Heads. This iconic cafe commercial cooking equipment. With a new long
has a huge and loyal following of daily shoppers term lease is in place, along with highly trained staff, raywhite.com/1729401
and boasts some of the most friendly service and this busy cafe would be a great way for you to break
delicious coffee in the region. into the hospitality industry.

The business boasts strong sales of approximately The current owner is looking to retire and is happy
$9,000 per week and has one of the best local to supply you with all the training and support you
followings in the region. Established in 1997 this will need. All reasonable offers will be considered.

BUSINESS FOR SALE | BROADBEACH

For Sale

Business For Sale - Twist on Broadbeach

11/19 ALBERT AVENUE, BROADBEACH, QLD Sale
Expressions of Interest closing
A unique opportunity for you to own one of the it is located in the centre of the Gold Coasts number 6th October 2017
Gold Coast’s best located restaurants now! Fully one dining destination.
licensed, this super popular establishment has an Agent
exceptional reputation in a thriving location. The owner is motivated for a Quick Sale as they are Dru Morgan
looking to expand into other projects so you the 0418 185 484
A loyal local clientele of customers and tourists are Buyer will greatly benefit from this exceptional value! [email protected]
attracted to this hot spot that produces the highest Do you want to seize this rare opportunity to secure
quality fresh food and beverages. An outstanding an enviable lifestyle in one of the Gold Coast’s most raywhite.com/1728434
bespoke fit out with a unique setting of both indoor attractive locations and reap the rewards?
and outdoor dining with a large sun bathed
alfresco area. With great seating opportunities and This owner is highly motivated to sell quickly. All
the beautiful enticing oceanfront only meters away, reasonable offers will be considered.

BUSINESS FOR SALE | KINGSCLIFF

For Sale

Business For Sale - Kathmandu Kitchen

2/106 MARINE PARADE, KINGSCLIFF, NSW Kathmandu Kitchen is one of the busiest and most Sale
successful restaurants in the region. With the Expressions of interest closing
If you’re looking to purchase a unique business in an current owner / chef looking to retire after 19 6th October 2017
amazing location which has won numerous dining successful years at the helm, this award winning
awards for its outstanding cuisine, then look no business is ready for you to step in and reap the Agent
further. substantial rewards. All training, recipes and Dru Morgan
techniques will be provided to the incoming buyer 0418 185 484
Ray White GC South network are proud to offer for to ensure a smooth transition. [email protected]
sale the famous Kathmandu Kitchen in Kingscliff.
This multi award winning restaurant is positioned raywhite.com/1730166
in a prime location on the beachfront in the
beautiful suburb of Kingscliff. The business is a
locals favourite and has a huge and consistent
following throughout the area.

BUSINESS FOR SALE | MURWILLUMBAH NSW

For Sale

Business For Sale - Donut King Murwillumbah

SUNNYSIDE MALL, 42 WOLLUMBIN STREET, MURWILLUMBAH NSW Sale
Expressions of interest closing
This iconic Donut King corporate store is currently Full training provided from Donut King including 5 6th October 2017
owned and operated by Donut King Head Office. The weeks at the dedicated and purpose built training
time has come to give a local the opportunity to own academy on the Gold Coast in QLD Australia. Agent
their very own piece of the Donut King success story. Dru Morgan
Sale price would include Franchise Agreement and all 0418 185 484
Here’s your opportunity to own and operate your necessary training. Donut King will also offer: [email protected]
own Donut King franchise store and reap the rewards • 6 months Franchise service fee relief
of owning your own business. Donut King has been • Stock Credit at handover ( $3,500 in stock) raywhite.com/1729404
serving the iconic Donut King Cinnamon Donut for • $3000 dedicated local area marketing package
over 30 years. From humble beginnings in Sydney
1981 with 1 store, to today with over 300 stores executed at handover to assist you.
across the country, Donut King has found a sweet All reasonable offers will be considered. Don’t miss
place inside the heart of Australians. your chance to secure this well established business
for a bargain price.

FOR LEASE | TERRANORA

For Lease

Large 532m2 Supermarket/Convenience Store in Shopping Centre Lease
Expressions of Interest closing
2-14 HENRY LAWSON DRIVE, TERRANORA, NSW 6th October 2017

Currently in a stage of huge refurbishment, ‘The Pavilions’ marketplace at Terranora will shortly offer a whole Agent
new contemporary coastal shopping experience, finessing the tenancy mix to provide a fresh new village Dru Morgan
grocery and convenience store, a lively licensed boutique hotel and innovative fresh and appetising produce 0418 185 484
from stylish specialist retailers. This boutique regional centre is destined to become an important part of [email protected]
social life in the area. Offering a new coastal shopping experience
raywhite.com/1729494
The supermarket/convenience space is currently vacant and occupies approx 532m2. The shop is fully
equipped with racking and refrigeration needs. A large loading dock and generous car parking facilities give
this space ease of operation and excellent customer accessibility.

Expressions of Interest to lease the supermarket/convenience space are currently being sought from all
experienced operators. The Expression of Interest closes on the 6th of October 2017.

CASE
STUDY

SOLD: DAILY GRIND CAFE IN KINGSCLIFF

The Daily Grind Coffee Bar
changes hands.

SALE: BUSINESS | TYPE: COFFEE SHOP | SELLING AGENT: DRU MORGAN

Every day a long queue of regular clients functional kitchen, and excellent alfresco BUSINESS FOR SALE
frequent this well established coffee seating with a northerly aspect which in CASE STUDY STATS
hotspot. the winter captures the sun and warms
the customers from the chill, and through Address.....................Shop 20a/22
The owners of this amazing business had the summer gets the sea breezes – it truly Pearl Street
done all the hard work but were now is a beautiful spot to sit. Kingscliff is very “The Daily
extremely motivated to sell this iconic popular with locals and tourists alike. Grind Cafe”
business due to other commitments.
Prior to its sale, the business was run Listed date................02 May 2017
The Daily Grind brews delicious premium under semi-management with the owner Marketing Spend.....$3,500
blend coffee using Schibello’s Colombian contributing less than 20 hours per week. Inspections...............12
blend. Opening hours are weekdays 6.30am All the staff are long term, well trained, Offers.........................6 offers
to 5pm and weekends 7am to 2.30pm. This experienced and in place. Total enquiries..........22 Phone,
great business is one of the most popular
in town and is a frequent morning coffee • Popular with the locals 11 email,
destination for locals. • Fantastic online reviews 6 online
• Low rent Sale price..................Undisclosed
The business features one of the best • A successful business with unlimited Sale date...................08 Aug 2017
positions in Kingscliff, a compact and very Agent.........................D ru Morgan
potential

SOLD! Ground Floor 90m2 Retail or
Office Space in Kingscliff CBD

SUITE 31 ‘KINGSCLIFF CENTRAL’,
11-13 PEARL STREET, KINGSCLIFF

New to the market, this great 90m2.
space is well positioned amongst blue
chip tenancies in central Kingscliff.

Currently vacant, the lot could be either
owner occupied or leased up for a long
term investment.
• Ground floor
• 90m2
• Investment opportunity

Dru Morgan
0418 185 484
[email protected]

raywhite.com/1674552

MEET the TEAM

Jared Hodge Dru Morgan Darren Jones

Principal Business Broker Commercial Sales/Leasing
Commercial Sales/Leasing
+61 7 5535 0500 +61 7 5599 5000
+61 404 809 580 +61 7 5599 5000 +61 402 188 648
[email protected] +61 418 185 484 [email protected]
[email protected]

Assi Dadon Tara Imlach Brad Duncalfe Our commercial
and business
Commercial Sales/Leasing Commercial Asset Manager Commercial Sales/Leasing specialists provide
Ray White
+61 7 5599 5000 +61 7 5535 0500 +61 7 5535 0500 Commercial
+61 415 598 588 GC South
[email protected] +61 419 641 058 with unrivalled
[email protected] [email protected] capacity

Greg Watson Leteicha Ridge Brendan Morgan

Commercial Sales Commercial Asset Manager Business Broker

+61 7 5535 0500 +61 7 5535 0500 +61 7 5535 0500
+61 417 757 442
[email protected] +61 0400 983 883 +61 411 410 099

[email protected] [email protected]

Neil Johnston Tanaka Jabangwe Sophie Auchere Michelle Jones

Commercial Sales/Leasing Commercial Sales/Leasing Commercial Administration Commercial Administration

+61 7 5535 0500 +61 7 5535 0500 +61 7 5535 0500 +61 7 5599 5000
+61 411 988 998 +61 449 048 779 [email protected] [email protected]
[email protected] [email protected]

Important notice: While much care is taken to ensure that the information in this magazine is accurate, Ray White Commercial GC South does not provide any guarantee as to the accuracy of the

information provided in any part of this document. The views expressed are of a general nature and do not in any way constitute advice in any form. This commentary is provided as an opinion

only. It does not represent a formal valuation and should not be relied upon or treated as such. In accordance with Company Policy this document has been prepared for general use only and Ray

22 White accept no responsibility or liability to any other party who might use or rely upon this report in whole or part of its contents. Ray White reserves the right to revise this commentary at any
time. Should there be any errors in the data and/or information in this document, please do not hesitate to contact our office. All numbers are approximates only.

Commercial
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