The Prospect - Apr/May 2017 Edition

THEPROSPECT

Commercial Sales | Commercial Leases | Business Sales | Asset Management

APR/MAY
2017 ISSUE

The magazine for
astute business
owners and
commercial
investors

FREE!

A tempting selection of
Commercial Properties
and Businesses for Sale
from the Gold & Tweed
Coasts proudly brought
to you by the team at
Ray White Commercial
GC South

CONTENTS

Welcome to the April-May edition of The Prospect

3 4 5

PAGE 3 PAGE 4 PAGE 5
PRINCIPAL UPDATE YOUR INSIGHT
INVESTING WITH SELF
Ray White Commercial GC South Investigate the finer details behind MANAGED SUPER FUNDS
Principal Jared Hodge considers risk our recent commercial real estate
versus reward in this month’s update. campaigns with fresh insights. Finance expert Steve McLean
demonstrates how a SMSF can be
used to invest in commercial property.

8 10 12

PAGE 8 PAGE 10 PAGE 12

BUSINESS SALES DEVELOPMENT CASE STUDIES
OPPORTUNITIES
Looking to buy a business on the Gold See how we achieve the best result
or Tweed Coast? We have a great Our experienced and dynamic team for vendors by generating maximum
selection of opportunities available. share with you our opportunities in competition.
the commercial market.

19 20 24
PAGE 19 PAGE 20 PAGE 24

CAREERS MARKET STATISTICS ASSET MANAGEMENT

We’re hiring! Reach your highest We have done the research for you. Make sure your property is managed
earning potential with Ray White Check out the latest Industrial, Retail by the right team and getting the
Commercial GC South. and Office sales and leasing rates. best results.

2 | Ray White Commercial GC South

PRINCIPAL UPDATE 93

IF YOU THINK A PROFESSIONAL IS EXPENSIVE, PRINCIPAL UPDATE
WAIT TILL YOU HIRE AN AMATEUR

Paul “Red” Adair was the inspiration behind the 1968 John Those deals can sometimes offer quality at a
Wayne movie, “Hellfighters”. A former bomb disposal expert, cut-price. More often than not they promote
his claim to fame was the ability to put out voracious oil well products that end up lining the streets on council
fires. His business is credited with snuffing out more than 2000 clean up day.
dangerous infernos from as far afield as Kuwait to Casper,
Wyoming. He even plied his trade on the Australian South-West Think about it, the old adage that you get what you
coast. pay for makes sense: a good lawyer, a talented
surgeon, a skilled airline pilot - all these people
Adair would use high-explosives to extinguish the flames before have the capacity to create great outcomes that
capping the well with concrete. Some were enormous, like the personally affect us during a critical moment in life.
so-called Devil’s Cigarette Lighter, in Algeria. That fire burned The reverse is also true. Bad legal advice, poor
out of control for six months with a 140 metre flame which medical care and dangerous flying - each carries a
Astronaut John Glen reportedly saw from outer space. risk we don’t want to consider.

In a TV interview, Adair is credited with the famous line above, So it goes that paying for a service, and often
“If you think a professional is expensive, wait till you hire an paying a premium, carries benefits.
amateur.”
On the basis of probability, the more you decide
Those words were born out of a career where one wrong move to pay for goods or services, the less they fail,
could create infinite levels of chaos. the less risk they carry and the less it costs to fix
issues when they arise. Those decisions are more
While not life-threatening, business in 2017 also carries risk. rewarding too: the more money you make from
The margin for failure is considerable with pitfalls awaiting the good gear, or good advice, the better the result.
unwary. Wrong decisions can be costly. A cheap alternative to You also get a heightened sense of enjoyment
a problem is often the wrong one. when things work well.

It may be the influence from our multicultural heritage, or Real estate is no different. There are cheap agents.
just an understanding that money is hard to come by, but There are expensive ones. Somewhere in the
middle is a quality service that costs, but which
Australians love a bargain. also delivers. Consider carefully your decision to
In Christmas 2016 we spent “save” when next you need the highest return for
nearly $2.8B on boxing day the least hassle.
sales. According to a report
commissioned by Amex, In the meantime please enjoy our latest selection of
41% of us are sale-seekers properties and commercial offerings.
who mostly spend on offers
and deals.

Jared Hodge

Ray White Commercial GC South

YOUR INSIGHT

The latest in Commercial news to keep you informed

OFFICE SUITE SOLD AT AUCTION

SOLD FOR $3.17M AT BROADBEACH

RETAIL INVESTMENT COOLANGATTA OFFICE
SUITE INVESTMENT
A tenanted retail investment opportunity at Broadbeach on the
Gold Coast has been sold by Ray White Commercial GC South A tenanted corporate office suite investment with ocean
for $3.17 million. views at Coolangatta on the Gold Coast has been sold at
auction by Ray White Commercial GC South.
The property at 1 Sunshine Boulevard, Broadbeach, was listed
and marketed by Ray White Commercial GC South on behalf The 175 sqm office at 309/87 Griffith Street, Coolangatta,
of a private owner and was sold to an interstate investor for a was sold to private investors for $891,000 by Greg Watson of
yield of approximately 6.0 per cent. Ray White Commercial GC South on behalf of a private self-
managed superannuation fund for a yield of 7.5 per cent.
Ray White Commercial GC South Principal Jared Hodge said
the property was among the listings of Ray White Commercial Greg Watson said there was keen interest in the investment
GC South’s Summer Spectacular Auction Event at Twin Towns offering with five registered bidders at the in-room auction.
in January and was sold during post-auction negotiations.
“This property has been home to the same accountancy firm
He said there was keen interest in the Broadbeach property for approximately 20 years,” he said.
which has seven tenancies and is returning net rental income
of approximately $190,000 per annum. “The current net rental is $67,392 per annum which will rise
to $70,000 per annum in August.
“This is a trophy asset and we received very strong enquiry
from local investors and some interstate investors which “The tenant is on a five-year lease with two five-year
resulted in 13 registered bidders at the auction,” Jared Hodge options.”
said.

“A major attraction was the property’s proximity to Pacific
Fair, Jupiter’s Casino, the Gold Coast Convention Centre and
Broadbeach Central.”

4 | Ray White Commercial GC South

COMMERCIAL 95
PROPERTY
YOUR INSIGHT | commercial news
LEASE Article by: Steve McLean
OR BUY?
Many clients are realising the then used as deposit towards the
You have options, advantages of being more proactive purchase and the SMSF bought the
one of them is a with their current exit strategy and premises. The clients now pay rent
Self Managed Super looking more closer at their invested towards their own fund and expect to
Fund [SMSF] money in their retail super funds. fully own the property over the next 5
Are you aware that today your super years. Add to this the capital growth
funds can be so much more than they expect in their fund as an added
money to be used in later years and bonus.
only available after retirement? Too
often clients view their super funds as They have always held back on
something that is untouchable. It sits expanding their business from fear
in the corner and somewhere there is of not knowing if they will need to
a fund manger controlling the money relocate or not. Given they are now
and selecting investment options with
very little input from the person who Othve eowrn3e0rs olef tnhedseitersthryoouguh their
owns the investment. kfunndo,wit haasnadddetdrucosntfidienncoe ntoe place.

expand and take on extra contract.

As mortgage brokers we have OpTluuhrsirsmelhaanatiyosnoasthhlsieporssbwmeiatnhlleearfliltaeonfddthsinpeebtchriaaenliirsdesfduytloeuunredseeershmereeans
noticed a significant increase on yeoxuitcasntrbaetecgony.fidTehnattwise caasn tfihned tbhuesriingehtslsender for
ygoruorwunthiquise rseitaulaistieond. they will sell the
NgfiuneuuicidendotpqdiilmniausasiemngrSoietcoethmsenlheftlsyMioeenewkanfanuorandwgdsenscdaaliSesnnduatplSoweoMrakFnSiuntFinng. dgFtootoocrsuest business, own the premises and
rigohftelnoqaunirie?s have been asking about become the Landlord, with a good
strong tenant.
level of deposits, interest rates and
caSSesnThioErfVlMoEowrtMgoagCpeLtBiEoroAnkesNr. As you would be aware advice needs
to be sourced from your relevant
W HTAhTeIfoCllAoNwiDngO isF Oa RreYcOenUt cAlSient accountant or financial planner if this
A BsRcOenKaErRio: is an option for you.
• MaCnodrmt&pruasrMet orvserC30libeanntkswanitdhleandesrms yaoullknow
• bHeulpsinnaevisgast,e thhae dhomtheeloaonppproocerstsunity to As mortgage brokers we can assist
• pyFoinuudrrctshihteuaaritsgiohent itnhteereirstcrauter,rsetrnucttubreuasnidnfelesxisbility for with dealing with the lender and
• pPrroevmideisaesesrvficreotmhattishaet inrolaconstdtoloyrodu., aTs Ih’mepyaid making it all possible.

hbyatdhebleendeenr yroeuncthionogsethis property over Steve Mclean
is a licensed
• I stay in contact throughout the life of your loan, mortgage
broker and
ttho eenslaursetyo5u yareeaalrwsa.ysTgheettiinrgfiancaomncpeiatitlive deal a regular
S E RaVdIvCisIoNrGmTeHntEioGnOedL DtheC OidAeSaToAf sNeDtting contributor to
S U RuRpOaUSNMDSI NF GandA RpEuArcShasing the Contact your local Loan MarTkhetebProrokesrpteocdtay for an
I havpe broeepneinrtthyewindituhstinry ftohreovfeur 1n0dy.eaTrshaenddecision obligation-free appointmenmt! agazine
aulnwdaeytrosstoamnndmoeavvkeienrygfoosnurerw’es sIaiftiunrdadttiohwneiirtsihgdhifatfelorSeannMtt.oMSsyFufitohycouausdris
indivtidhueaml neecdos.mbine both their retail funds
Visiint tmo yawFeabmsiiltyeStMo hSeF.arThhioswmoney was

customers rate my service.

Home loans Investment loans Car loans Personal loans 0418 535 777
[email protected]
loanmarket.com.au/steve-mclean

somRaey White Commercial GC South Loan Market Pty Ltd | Australian Credit Licence 390222
ance in

WHY INVEST IN COMMERCIAL REAL ESTATE

yield
The fundamental driver
behind all commercial investments

For anyone considering investing in “property by how much it cost to buy. For All three are affected by consumer
commercial real estate, one of the first example: confidence, politics and the economy.
questions you will want to ask is: what Gross yield = annual rental income (weekly Commercial property yields are more
return on investment will I get from rental x 52) / property value x 100. susceptible to market conditions than
this property or, in other words, what residential properties as people will
is its yield? So if you buy a retail property for $750,000 always need somewhere to live, whereas
and rent it out for $1,500 a week ($78,000 business can and do go out of business.
Yield is an important way of measuring annually) the annual return on your This risk is reflected in the higher yields
the future income on an investment. It is investment, or your yield, will be 10.4 that commercial property attract.
particularly important in commercial real percent. This is an example of gross yield,
estate as capital growth rates are not where the running expenses of owning a The demand for property is one of the
usually as high as the residential market. retail business have not been taken into key drivers of yield. When demand is
So the return you get now and in the future account. high, the cost of buying an investment
is a key factor in working out whether to property increases. The more you pay, the
invest. “ less yield you get (unless rental income
increases in proportion to the purchase
SO, HOW DO YOU COMMERCIAL price). When yields are decreasing this is
WORK OUT YIELD? PROPERTIES often referred to as ‘hardening yields’.
TYPICALLY
Yield is calculated as a percentage, based RETURN A MUCH The opposite is also true. When demand
on the property’s cost or market value, HIGHER YIELD THAN for property is down, prices fall and yields
annual income and running costs. It does not RESIDENTIAL can increase. When the rent-to-value ratio
take into account how much the property increases it is referred to as ‘softening
increases in value over time (ie the capital Commercial properties typically return yields’.
growth). a much higher yield than residential,
generating yields upwards of 7 percent It is important to note that yields are a
When calculating yield, it’s important to compared to yields of 4-5 percent in measurement of expected return on your
know if you are calculating ‘gross yield’ residential. investment and not a guarantee. Potential
or ‘ net yield’. Gross yield is everything investors need to take into account all the
before expenses, whereas net yield takes WHAT DRIVES YIELD? other factors, such as likelihood of finding
into account running expenses such as and retaining a good, long-term tenant,
management fees, maintenance costs, Yield, business confidence and occupancy maintenanace and infrastructure costs,
stamp duty and vacancy costs. rates are the top three drivers of the suitability and location of a property and
commercial real estate market. all the other factors that can impact on
YIELD DEFINITION your ability to achieve your expected
yield.
Yield calculations are worked out by
dividing the annual rental income on a

6 | Ray White Commercial GC South

OFFICE VACANCY 97

Gold Coast Markets

The six months to January 2017 has been a vacancies from 3.7% to 10.8% over a 12 month MARKET UPDATES - GOLD COAST COMMERCIAL TRENDS

favourable period for the Gold Coast office market, period. This volatility is due to the small size of

resulting in positive take up of space of 10,088sqm OthfisfpicreceincVt waitch tahentoctayl stock level of less than The six months
and a compressing total vacancy to 12.2%. This favourable peri
is the lowest rate recorded for the total Gold G3o0,l0d00Csoqmas. t Markets resulting in pos
Coast market since July 2008. Robina/Varsity and a compres
Lakes continues to offer the least available stock 35% the lowest rate rec
with vacancy recorded at 6.9% or represent just J an-15 J ul-15 J an-16 J ul-16 J an-17 July 2008. Robina
available stock wi
30%

9,458sqm. Bundall, Surfers Paradise and Southport 25% just 9,458sqm. Bu
all continue their downward momentum, Bundall
now 14.1%, boasting 2,370sqm of take up in the last 20% continue their dow
year; while Surfers Paradise has shown outstanding
improvement in the last two years reducing vacancies 15% Office Vacancy boasting 2,370sq
from 29.9% (July 2015) to just 18.4%. Southport is
now seeing stock absorption, resulting in occupancy 10% ParaTdhise hsaixs mshown
improvement, vacancy of 13.2% also the best result two fyaevaorsurreadbulcein
since July 2008. While Broadbeach has increased 5% Gold Coast Markets 18.4r%es. Suoltuinthgpoinrt
vrineascouacaJtltnchuncsuelyiidpneloas2cawne0fcr0ecoJy8suomt.ilmmyrR3ap2op.t
0% S urfers S outhport Varsity B roadbeach Total G old
35%B undall P aradis e J an-15RLaokbeJinusa/l-15 J an-16 J ul-C1o6ast J an-17

30% this tvajouovtsalaatlitl9asil,ibtt4oyle5ci8sksstdloequvcm
the
Sourc2e5:%Property Council of Australia

20% continue their
boasting 2,37

15% Paradise has

10% two years red

GROSS FACE RENTS5% 18.4%. South
Gross Face Rents0% B roadbeach Total G old in occupancy
B undall S urfers S outhport Vars ity C oast ThereGsoulltdsiCncoeaJsu
P aradis e Lakes/ lttohooeksliatvthnhhasgoeictswat1tvoon2otcpialnmaioelctssoisrlietntiofyatrtcoihsvisk
S u i t e s S u b 5 0 0 s q m ( $ / s q m )Suites Sub 500sqm ($/sqm) Robina
Source: Property Council of Australia

$500 national businesse
a sizeable increas
The Gold Coast office leasing market continues $450have remained reasonably consistent with the prior more difficult to m
to show positive results. The churn of tenants seen $$435000period with Prime stock in the $320/sqm to $380/sqm conditions and op
over the last 12 months has been amplified by many $300range averaging $351/sqm while Secondary in the growing trend by
occupiers looking to increase their size requirements into their assets w
as well as new major national businesses looking for $250more affordable $230/sqm to $280/sqm price range. and TrehtaeinGinoglqduCa
new premises. There has been a sizeable increase in declitnoe sinhvoawcapncoi
tenants seeking over 300sqm which was more difficult $200 Gross Face Rents Althothueghlatshte1re2 hmao
to move mid 2016 highlighting improved trading con- $150 takelouopkiinngsptoacinec,
ditions and optimism in the market. There has been $100 Suites Sub 500sqm ($/sqm) whicnhattoionalalol wbulsairng
a growing trend by owners increasing their capital reasoansaizbelyabcloeninsics
expenditure into their assets which has had a positive Dec-02 in thme $o3re20d/ifsfiqcmultt
impact on attracting and retaining quality tenants which J un-03 whilecoSnedciotinodnsarayni
can be felt in the overall decline in vacancies across the Dec-03 $280g/rsoqwmingprticreenrda
Gold Coast. J un-04
Dec-04 into their asse
J un-05 and retaining
Dec-05 decline in vac
J un-06
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J un-15
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J un-16
Dec-16
$500
$450 P rime S econdary
Sourc$e4: 0P0IMS, Ray White
$350
$300
$250
$200
$150

P$1o00pulation growth and increased employmeAnlthtouleghvtehelsr
Dec-02
J un-03
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Dec-16
Although there have been positive levels of enquiry and spurred on improved confidence across thewtaGhkiecohulptdoinaClslopowa
take up in space, vacancy levels have yet to reach a and stimulated bPruimse ineSsescondaarcy tivity. This has haredasoanabbley cno
point in which to allow large increases in rents. These Source: PIMS, Ray White absorptiowinnhtihleue Sp$e3c2ro0en/sds
office market with
on affect to the

lowering vacancies. There is an exciting 18 m$28o0n/sqthmsprti

Ray White Commercial GC South the Gold Coast, with the upcoming Commonwealth

the pre and post impacts on the local economy still

Population growth and increased employment lev

BUSINESS SALE

*Pics for illustration only Thriving Beachfront
Restaurant
Sale
Under Full Management
$395,000 + Stock Net Profit $172,568
Dru Morgan
0418 185 484 New to the market - Don’t miss this great
[email protected] opportunity to secure one of Northern NSW
best restaurants.
8 | Ray White Commercial GC South
This thriving business is located across from
the beach and has been a mainstay business
in the area for the last 20 years.

With the current owner looking to retire, this
immaculate business is now available to
purchase.

The restaurant is fully licenced and seats 120
patrons comfortably. The business is run
under full management with all staff in place
and zero working contribution from the current
owner.

2016 showed a net return on this basis to the
owner of $172,568.

BUSINESS SALE 99

Business For Sale BUSINESS SALE
‘Little Lido Cafe’
72 Griffith Street
COOLANGATTA

New to the market! One of the best Cafes in
Coolangatta! Don’t miss this great opportunity
to secure this beautifully presented cafe in the
centre of Coolangatta’s CBD.
Little Lido Cafe has been established for over
10 years and has consistently been one of the
best cafes in town. With the current owner
looking to retire here is your opportunity to
step into an amazing little business. The cafe
is positioned in the middle of Coolangatta’s
main street and features excellent indoor and
outdoor seating.
A large kitchen, sufficient for even the fussiest
of chefs consistently dishes out some of the
best food in town. With an array of excellent
high-quality equipment, experienced staff, and
a long term lease in place this is your opportu-
nity to secure a great business.

Sale

Expressions of Interest
Closing 12 May 2017
Dru Morgan
0418 185 484
[email protected]

Ray White Commercial GC South

RURAL RESIDENTIAL SUBDIVISION FOR SALE

Approved Subdivision
Rosenthal Heights

Lot 2-4 Dight Road
WARWICK

Rosenthal Heights, Warwick, Queensland is a
Development Approved 49 lot rural residential
estate development opportunity. This staged
development opportunity has registered buyer
interest in Stage 1. An alternative 100 x 1 acre
residential lot subdivision has also been approved.

Warwick, a commanding regional town, is on
the western side of the Great Dividing Range
on the Condamine River. It has long been
characterised by elegant churches and some
grand private schools, giving the centre a certain
monumentalism. Situated in the southern Darling
Downs, it is 45 minutes from Toowoomba and
140 km south-west of Brisbane.

Rosenthal Heights is 5 minutes from Warwick
retail centre and comprises of 50.6 hectares of
gently undulating elevated land. A fully costed
development feasibility is available upon request.

• T own Water and Underground Power
available

• 5 -minute drive to Retail and Business
Centre

Scotts College and the Town Centre feature classic Warwick architecture • Elevated position

Offers to Purchase • F ully costed Feasibility Study available upon
request

Closing 4pm, 27th April 2017

Brad Duncalfe
0419 641 058
[email protected]

10 | Ray White Commercial GC South

FOR SALE

911

Landbank Gold DEVELOPMENT SITES

157 Piggabeen Road
PIGGABEEN

Just minutes drive from the Gold Coast
International Airport and Beaches.

This beautiful terraced block facing North East
with two street frontages is on the fringe of a
major growth area that will benefit from massive
infrastructure projects.

Ten acres with various improvements including
a rented cottage and an industrial style shed/
awning. The land has all town services, sewer,
water and electricity.

Zoning: RU2 approx 6 acres R2 and balance 7D
The property has a broad range of possible uses
Subject to Tweed Shire Council approval.

Ideal for trucking or machinery company, nursery
or anyone who needs space.

Sale

$1,600,000
Neil Johnston
0411 988 998
[email protected]

Ray White Commercial GC South

CASE STUDIES

Recent Activity

SOLD

BED AND BREAKFAST, PRIVATE massage areas + treatment room. Open

Bed aRnESdORBTrOeRaHkUfaGEstH,OPMrEi?vate ResoeprnltatneordtareisnHiignngueargrkeiaetcthhHeant oiasllmtoleabede?inegnvtoiedanby PropePrtryoApnealrytsyisAnalysis

122a 1B22raoBarodawdwaatteerrEsEplsanpaldaen, ade, Bilaamll. InbaidldHitioen itghehptosol house consists of Seller..S...e..l.l.e..r........... S pedding EsStapteesdding Estate
Bilambil Heights a fully equipped gym, sauna, steam room Pty Ltd

This proTpheisrtpyroispSeerttyoisnsoevt eorn1o1v,4er0101s,q4m00osqf mlanodf , thi+&s sibspatatrhuorolfyfoemar a.raTlurhexeuorsipopupasrokrrlietnusgonsritwtsyitmytolme ianrgeapotool Buyer.B...u..y..e...r..........P & D CasagPra&ndDe Casagrand
aquire alapnrdo,ptehirstyistthrualty ias ruanreiqoupep.oNrteusntitley dtoin this prsivoaatkeuapntdhepsicutnu.resque corner of
Pty Ltd
BilambilaHqueiirgehatsp,rtohpiesretyxtchlautsiisveunpiqroupe.eNrteystwleidthinexpansive water views boasts 5 massive
bedroomBthisilsaampllrbiavilairHteceoiagnnhddtsip,tiitochtniusereedxscqalunuesdivceeonrpnsrueoriptoeefrdtywith oBTwhrneeaspkprfoaaspbteaartntyhdi.scMaonualsdatpehprarbvoeveedvdarroBiooeumds and List DaLties..t..D...a..t..e.....Oct 2016 Oct 2016
positionweidthceoxmpapnlseitveelywsaetepravrieawteswboitahstosw5n office spacaccoem. Hoduagteiolnivuisnegs.aIrtewaas,smadevdeiratised
MLisatrkPerLticiinseg..t..SP..p.r.ei.c.n.e.d....... Auction 29 NAouv c2t0io16n 29 Nov 2
$7,749.00

Land ESMnizqaeur..i.kr.i.ee..ts.i..n......g......S2113p,e4n00dsqm $7,749.00
Total
oom,+ 3maasdsdiviteiobnedarlotohmersaapllyaoirrcmonadsistiaogneedareas + traecarotmsseanmt rioxeodmm. uOltpimeendpialacnamdpeasiiggnner Sale....L...a..n..d....S...i.z..e...Sold at Aucti1o1n,400 sqm
kitchen abanellddlereoanodsmiunitpgeodtsoiwtioaitnnheoedwnctnoesmrptpaalienbtieanltyhg.saMerpeaaasrtatethreat is tRuoteiblsiseidineegnnbtviaoilethddiovbiusyrioCanlosl..mITnmhaeedrtcdeiaaitlmiaonmndathdee sure $1,500,000
pool houwsiteh coownnsiosftfisceofsapafucell.yHeuqgueiplivpinegdagreyams,, saunthae, sytdeiadmnortomomiss&a bbautyherr.oom. The 23
Sale DTaoteta...l..E...n..q...u..iNrioevs 2016

parklinmg esdwiaimromomin,g+ p3oaodld+itiosnpaal othfeferarpaylourxurious resort style area to soak up the sun. SAgqemntR.S.a..at..el.e.........P....r....i..c....e...... D$014ru1,68M616o8.r65ga4n84$S1o,l5d0a0t,0A0u0ction

The property is an approved Bed and Breakfast and could have various accomodation Mobile....................

uses. 12 | Ray White Commercial GC South Sale Date Nov 2016

The property was advertised across a mixed multimedia campaign utilising both our Sqm Rate $1,666.66
Commercial and residential divisions. The team made sure they did not miss a buyer.

913

Take a moment to investigate the finer details behind our success... CASE STUDIES - ACHIEVING RESULTS

Behind the scenes in most things in life, there is a lot more going on than most people can ever begin to
imagine. This rings true in all aspects of commercial real estate. Take a quick look at our recent case studies.

2/16-18 Dover Drive, 2092 Gold Coast Highway,

BURLEIGH HEADS MIAMI

Situated in the ‘Melva Place’ This property is located on the Gold
Complex on Dover Drive in Burleigh Coast Highway offering maximum
Heads, this property is one of exposure and ideal signage opportunities.
only four units in a neat, tidy and The property itself is a first floor office
modern block of industrial units. space with an open reception area +
The warehouse itself is in neat and offices + boardroom, kitchenette and
tidy condition with air condition- air conditioning. There is ample onsite
ing and a reception area. 185sqm parking. After being listed online with
warehouse + 80sqm mezzanine + 3 ray White Commercial GC South for
parking bays. just 4 weeks, resulting in 6 enquiries the
agent, Tanaka Jabangwe organised one
Marketing.............$4661 inspection from which he negotiated an
Inspections...........6 offer to lease for the owners.
Total enquiries......17
Sale price..............$357,000 Square Metre Rate........... $316.36
Sale date..............Jan 2017 Size................................... 60sq.m
Size.......................265sq.m Total enquiries.................. 6
Sold at Auction Lease price....................... $18,981.84
Lease date........................ March 2017

SOLD
LEASED

Ray White Commercial GCPSroouptehrty ABnoaluystiqs ue Office in Central Location
Seller 2092 GoBuldrleCighoJaunscttiHonighway, Miami

OFFERS TO PURCHASE

Beachside Holding in
Palm Beach

1383 - 1385 Gold Coast
Highway, PALM BEACH

This site provides 815m2 of beachside land
on 2 titles with redevelopment potential. It
currently houses a very popular high quality
restaurant, plus an older style beach cottage,
providing a substantial holding income.

• 815m2 Beachside on 2 titles
• Corner site with permanent ocean views
• Includes a restaurant plus a beach cottage
• Substantial holding income
• Numerous redevelopment opportunities

The property is located on the beachside of the
Gold Coast Highway in the North Palm Beach
neighbourhood centre, with permanent ocean
views from it’s corner position. Walk to beach,
cafes and shops with public transport at the
front door.

Vendor is keen to leave the redeveloping to a
motivated buyer.

Sale

Offers to purchase

Greg Watson
0417 757 442
[email protected]

14 | Ray White Commercial GC South

TENANTED INVESTMENT

915

Fully Tenanted Retail COMMERCIAL FOR SALE
Investment - 2 Shops on
1 Title

99 Minjungbal Drive
TWEED HEADS SOUTH

• 438m2* freehold building on 935m2* land
• L ocated directly opposite Tweed City

Shopping Centre
• $92,990pa net income plus GST
• Excellent position with major signage and

exposure

Properties of this type are very hard to find
anywhere in the Tweed and will not last long.

Sale

$1,295,000

Darren Jones
0402 188 648
[email protected]

Ray White Commercial GC South

FOR LEASE Ground Level Office
Headquarters
Lease
3027 The Boulevard,
Price On Application Emerald Lakes CARRARA
Tanaka Jabangwe 0449 048 779
[email protected] This ultra modern 400sqm office is located on
the ground lfoor in an estabished shoping pre-
FOR LEASE cinct with full fit out and under cover parking.
• Size: 400m2*
Lease • Ground level office space
• Nothing to do but move in
$2,700 +GST Pcm • Close to all shops & amenities
Tanaka Jabangwe 0449 048 779 • Don’t miss this chance, inspect today
[email protected]
Boutique Retail/Office Space
16 | Ray White Commercial GC South “Pure Kirra” Commercial
Precinct

5B/28-30 Musgrave Street,
COOLANGATTA

• 48sqm tenancy adjoining popular Cafe
• C orner position with Musgrave Street

exposure
• Next to building’s main entry
• Ready for immediate takeover
• Landlord motivated to secure quality tenant
• Excellent parking & signage provisions
• Great complementing tenancy mix

AUCTION - FOR SALE INDIVIDUALLY 917

Two Currumbin Beachfront
Tenanted Investments

Two beach front strata lots with new 3+3 leases AUCTION
to be sold individually. Ideal for the first time
Auction investor, these two beachfront lots on Currumbin
3 May 2017 at 6.00pm Beach have been home to the same tenants for
Currumbin RSL, Currumbin over 15 years. With two new 3+3 leases in place
the opportunity is yours to purchase these lots
individually.

LEASE DETAILS

Unit 1: 31 sqm – Leased to Chiropractor
@$45,000pa + gst + outgoings
Term 3 Years + 3 Year Option
Commencement April 2017

Unit 2: 25 sqm – Leased to Hair Salon
@$31,632pa + gst + outgoings
Term 3 Years + 3 Year Option
Commencement April 2017

Dru Morgan 0418 185 484
[email protected]

Burleigh Waters

Treetops Square Opportunity - Office / Medical / Retail

• 114m2 ground floor commercial space
• Fully fitted out with excellent shopfront
• Includes kitchenette and own amenities
• Available to Lease immediately
• Previously tenanted by Bank of Queensland, also has full medical approval

For Lease

$4,974pcm + Outgoings + GST

Tanaka Jabangwe 0449 048 779 | [email protected]

2 Classic Way, Burleigh Waters
Great Centrally Located Offices

This office is situated directly opposite the Treetops Shopping Centre, on the
corner of two major aertial roads (Bermuda Street and Reedy Creek Road).
Currently fitted out and comprising:
218m2, First Floor, Open Reception, large board room, 2 open plan office
wings, 3 executive offices and a kitchen/staff room with ample parking.

Lease

$5,995pcm + GST

Tanaka Jabangwe 0449 048 779 | [email protected]

Ray White Commercial GC South

THE CLASSIFIEDS

LEASE LEASE SALELAKESIDE QUALITY MEATS NEED TO SELL OR FOR SALE: $1,650,000
LEASE SALEIS FOR SALE: $80,000 + STOCKLEASE A COMMERCIAL 50 GRIFFITH ST, COOLANGATTA
SALE SALE SALE
Sales approximately $12,000 to $13,000 PROPERTY? Exciting opportunity to purchase iconic
per week. The shop is very well equipped freehold building in the heart of Griffith St.
excellent equipment. Refrigerated Advertise Home of The Coolangatta Pie Shop, estab-
Vehicle if needed, however virtually lished in 1964 is now available to
all trade is over the counter. here! purchase as a freehold with WIWO
Rent is $2,217 per month + GST. business included in the sale.
Contact us to advertise on
Contact Brendan Morgan [email protected] Contact Neil Johnston
Ray White Commercial GC South Ray White Commercial GC South
MOB: 0411 410 099 MOB: 0411 988 998

FOR LEASE: 2/10 ALBERT EXPRESSIONS OF INTEREST $429,000
AVENUE, BROADBEACH 1005 GOLD COAST HWY PALM BEACH 3/10-12 NUBAN ST CURRUMBIN

On Offer: Reception area, 1x office, Open Cheshire Cat – Highway fronting Motel Rare Currumbin Warehouse, This 189m2
plan front & back of house, Boardroom, with D.A Approval. Long standing Palm warehouse is centrally located in the tightly
Server/Storage room, Kitchenette, Beach Motel with development approval held Currumbin industrial area. The proper-
Available for immediate posses- for 12 room Motel/Hostel Accomm. ty will be sold with vacant possession and
sion. Floor area: 83 m². with Caretakers residence. Site will suit numerous businesses. Extra
$2,800 pcm + Outgoings + GST. Area 526sqm. 200m to beachfront. high roofline, 3 phase power.

Contact Tanaka Jabangwe Contact Tanaka Jabangwe Contact Greg Watson
Ray White Commercial GC South Ray White Commercial GC South Ray White Commercial GC South
MOB: 0449 048 779 MOB: 0449 048 779 MOB: 0417 757 442

PRIME SHOWROOM IN TOWN, 143M² FACING BUSY NAPPER ROAD 1/6-8 AMBER DRIVE
1400SQ.M OVER 2 LEVELS SOUTH TWEED HEADS
143sqm in a prime position fronting busy
First time offered for lease in approx 60 Napper Rd. This great site is positioned For sale is this clean modern building in
years, Approx 1,400m2 over 2 levels with directly opposite one of the largest quality complex with excellent exposure on
rear lane access, loading dock and schools in the area and has thousands two streets. 215m2* on the floor in a great
much more, Prominent location of passing cares daily. Former position , Approx 75m2 of showroom
opposite Sunnyside Mall’ and medical centre, carpark at rear. or offices, 2 street frontage and
adjoining other national tenants. Contact Dru Morgan excellent signage options.
Ray White Commercial GC South
Contact Assi Daddon MOB: 0418 185 484 Contact Darren Jones
Ray White Commercial GC South Ray White Commercial GC South
MOB: 0415 598 588 MOB: 0402 188 648

18 | Ray White Commercial GC South

We’re Commercial GC South

hiring 919

H

APPLY NOW

“ A career in Commercial Real Estate Ray White Commercial GC South CAREERS | make the move to Commercial Real Estate
is rewarding and challenging is part of a proactive, constantly
improving real estate team.
“
Whether you are thinking about becoming a
You will either step forward into commercial real estate agent, or you are already
growth or you will step back into established in the industry wy not contact us.

safety. Abraham Maslow Utilise our resources to achieve
your highest earning potential.
We choose GROWTH!
A successful real estate company needs
COMMERCIAL LEASE proven, simple systems for success, enabling
Industrial/Warehouse for Lease high performance agents to do what they do
best: listing, selling and leasing. By being
3b/14 Machinery Drive, Tweed Heads South, NSW unemcumbered with onerous procedures,
you are free to reach your true potential.
• 220m2 [approx] end unit with great exposure
• Showroom style with multiple roller door options Call our Recruitment Officer on (07) 5535 0500.
• Off street parking at door and 2 street access
• Mezzanine storage and internal facilities
• Owner wants this leased and will do a deal

Offers to Lease

Elke Robertson 0400 983 883
[email protected]

Ray White Commercial GC South

MARKET stats
Southern Gold Coast & Tweed Shire

We do the research for you

In our last edition of The Prospect, the team at Ray White Commercial GC South have joined forces to collate
their market knowledge into a report on the commercial sales and leasing activity on the Gold and Tweed
Coasts. The sales 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
Varsity Lakes
27 Mar 17 1/486 Scottsdale Drive Southport 356 $ 650,000 $ 1,825 9.00%
Burleigh Heads 360 $ 640,000 $ 1,777 10.43%
24 Mar 17 60 Johnston Street Burleigh Heads 470 $ 640,000 $ 1,361 5.00%
Tweed Heads 708 $ 960,000 $ 1,355 -
22 Mar 17 4/16 William Banks Drive Burleigh Heads 358 $ 795,000 $ 2,220
Currumbin 535 $ 810,000 $ 1,514 8.89%
14 Mar 17 8 /76-80 Hutchinson Street Burleigh waters 1543 $ 899,000 $ 582.63 7.00%
146 $ 442,000 $ 3,027 6.52%
13 Mar 17 1/36-38 Ourimbah Road

03 Mar 17 6/12 Ern Harley Drive

24 Feb 17 11 Hayter Street
24 Jan 17 4/89 West Burleigh Road

Office / Retail (Sales)

Date Address City NLA m2 Sale Price $/sqm Yield

23 Mar 17 9/175 Varsity Parade Varsity Lakes 300 $ 863,000 $ 2,876 9.56%
17 Mar 17 21 Gardenia Grove Burleigh Heads 1059 $ 2,900,000 $ 2,738 8.28%
15 Mar 17 3/328 Scottsdale Drive Robina 131 $ 370,000 $ 605.56 10.54%
08 Mar 17 309/87 Griffith Street Coolangatta 175 $ 891,000 $ 5,091 7.56%
28 Feb 17 6 Waterfront Place Robina 95 $ 450,000 $ 4,736 -
16 Feb 17 43 Alfred Street Mermaid Beach 339 $ 2,310,000 $ 6,814 7.00%
09 Feb 17 33/160 Cotlew Street Ashmore 79 $ 585,000 $ 7,405 8.89%

Source: Public Websites, APM, RPData, Ray White Database, Sign Monitors and others.

20 | Ray White Commercial GC South

Industrial (Leasing) 921

Date Address City NLA m2 Gross $ pa $/sqm MARKET STATISTICS
Tweed Heads South 130 $ 14,400 $ 110.77
28-Mar-17 5/39 Machinery Drive Burleigh Heads 236 $ 28,800 $ 122.03
Currumbin Waters 86 $ 15,600 $ 181.40
21 Mar 17 2/6 Fortitude Crescent Murwillumbah 132 $ 16,800 $ 127.27
Burleigh Heads 128 $ 21,600 $ 168.75
17 Mar 17 4/37 Currumbin Creek Road Tweed Heads South 194 $ 21,600 $ 111.34
Ashmore 222 $ 33,800 $ 152.25
17 Mar 17 9/90-92 Quarry Road Currumbin Waters 136 $ 21,000 $ 154.41
Tweed Heads South 174 $ 28,800 $ 165.52
8 Mar 17 14/35 Township Drive

14 Feb 17 11/39 Corporation Circuit

8 Feb 17 4/24 Expo Court

8 Feb 17 9/16 Hawker Street

3-Feb-17 Unit 2, 6-8 Amber Drive

Office / Retail (Leasing)

Date Address City NLA m2 Gross $ pa $/sqm
Coolangatta $ 300
22-Mar-17 2/4 Griffith Street Tweed Heads South 55 $ 16,500 $ 87.27
Varsity Lakes $ 158.95
22-Mar-17 1/76 Industry Drive Tweed Heads South 1100 $ 96,000 $ 259.46
Miami $ 316.36
17-Mar-17 153 Varsity Parade Palm Beach 229 $ 36,399 $ 448
Bundall $ 279.05
15 Mar 17 6/139 Minjungbal Drive Tweed Heads South 37 $ 9,600 $ 309.09
Bundall $ 200
9-Mar-17 2092 Gold Coast Highway Southport 60 $ 18,981 $ 300
Burleigh Heads $ 333.33
9-Mar-17 2 Philippine Parade Currumbin Waters 45 $ 20,160 $ 570
Southport $ 293.84
2-Mar-17 208/1 Corporate Court Tweed Heads South 161 $ 44,928 $ 271.70
Carrara $ 175
28-Feb-17 Shop 6 /2-8 Blundell Blvd 60 $ 18,545

28-Feb-17 36 Upton Street 135 $ 27,000

20 Feb 17 2201/5 Lawson Street 64 $ 19,200

13 Feb 17 3/43 Tallebudgera Creek Road 60 $ 20,000

13-Feb-17 2A/42 Currumbin Creek Road 40 $ 22,800

8-Feb-17 94 Eugaree Street 146 $ 42,900

6-Feb-17 Unit 1A/139 Minjungbal Drive 26.5 $ 7,200

1-Feb-17 136 Eastlake Street 240 $ 42,000

meet our team

Jared Hodge Darren Jones Our commercial specialists
provide Commercial
Principal Commercial Sales/Leasing GC South with unrivalled
capacity
+61 7 5535 0500 +61 7 5599 5000
+61 404 809 580 +61 402 188 648
[email protected] [email protected]

Assi Dadon Greg Watson Tara Imlach

Commercial Sales/Leasing Commercial Sales Commercial Administration

+61 7 5599 5000 +61 7 5535 0500 +61 7 5535 0500
+61 415 598 588 +61 417 757 442 +61 452 418 343
[email protected] [email protected] [email protected]

Tanaka Jabangwe Dru Morgan Leteicha Ridge Brendan Morgan

Commercial Sales/Leasing Business Broker Commercial Asset Manager Business Broker
Commercial Sales/Leasing
+61 7 5535 0500 +61 7 5535 0500 +61 7 5535 0500
+61 449 048 779 +61 7 5599 5000 [email protected] +61 411 410 099
[email protected] +61 418 185 484 [email protected]
[email protected]

Neil Johnston Brad Duncalfe Elke Robertson Michelle Jones

Commercial Sales/Leasing Commercial Sales/Leasing Commercial Asset Manager Commercial Administration

+61 7 5535 0500 +61 7 5599 5000 +61 7 5535 0500 +61 7 5599 5000
+61 411 988 998 +61 400 983 883 [email protected]
[email protected] +61 419 641 058 [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 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.

22 | Ray White Commercial GC South

Commercial
GC South

Commercial Sales
Commercial Leases
Commercial Management
P +7 5535 0500
19 Taree Street
Burleigh Heads QLD, 4220
P +7 5599 5000
Shop 14-15 ‘The Strand’
Griffith Street, Coolangatta QLD 4225

Ray White
Business
Brokers

Gold Coast

P +7 5535 0500
19 Taree Street
Burleigh Heads QLD, 4220
P +7 5599 5000
Shop 14-15 ‘The Strand’
Griffith Street, Coolangatta QLD 4225

Ray White

Commercial GC South
is part of the greater Ray
White GC South Network

Ray White Burleigh Heads
Ray White Palm Beach
Ray White Coolangatta/Tweed Heads
Ray White Banora
Ray White Kingscliff/Casuarina
Ray White Cabarita Beach/Pottsville
Ray White Rural Murwillumbah

manaasgseemtent

There is simply nothing more powerful than experience. Our results
are the reason we are first choice for Asset Management.

Byron Bay Beach Hotel ‘RP1’ Bellevue Dr, Varsity Lakes
Beach House Resort, Coolangatta
18 // Beach Hotel, Byron Bay

Our asset management team are the best in the business.

Elke Robertson Leteicha Ridge Caroline Thompson Commercial
GC South
Asset Manager Asset Manager Trust Account Manager Asset Management

+61 7 5535 0500 +61 7 5535 0500 +61 7 5559 9700 19 Taree Street
+61 400 983 883 [email protected] [email protected] Burleigh Heads QLD 4220

[email protected]