Autumn Newsletter

Dru Morgan’s Includes Gold Coast
Commercial Real Estate
Commercial Property
& Business Sales Statistics for 2015

Market Report

Commercial GC South
Autumn 2016

Ray White Commercial_Know How

is knowing how to sell your commercial property for more

Dru Morgan_Know How

Dru Morgan has the long term experience and Dru Morgan has been selling commercial
expertise to do the job properly. If you are property & business across all sectors on the
considering selling your commercial property or Gold Coast and Tweed Shire for over 15 years.
business, Dru can provide the right advice and During this time Dru has established himself as
know how to help you achieve the best outcome. one of the industry’s top performers.

M 0418 185 484 Raised in Coolangatta, Dru has an intimate
E [email protected] knowledge of the Gold Coast and a wealth of
W www.drumorgan.raywhite.com business connections both locally and across
Ray White GC South Network Australia. He holds a Bachelor of Business
Commercial & Business Sales from Griffith University and a Post Graduate
Diploma in Property Valuation from Bond
University.

When it is time to sell your commercial property
or business you can trust Dru to give you the
best advice, and to make the entire process as
smooth as possible.

“Dru Morgan is by far and away the best
Commercial Real Estate Agent we have
dealt with in over 30 years in business. His
knowledge of the SE Qld and Northern NSW
market is unchallenged and his negotiation
skills have assisted us in acquiring multiple
sites with relevant ease. He is a pleasure to
deal with, and I would not hesitate in
recommending Dru to anyone considering
buying or selling commercial real estate.”

Commercial
Market Update

Ray White GC South Group

Gold Coast & Northern NSW Gold Coast Office Market Update

Transactions Wrap The Gold Coast Office market has shown some rebound in the
second half of 2015 with another year of positive net absorption
The volume of sales across the Gold Coast and bringing the total vacancy position of the city to 13.6% the
Northern NSW has slowed the second half of the lowest rate since July 2008.
year after a robust start to the year. Strong
development site sales, shopping centre transactions The Gold Coast market has shown some bright shoots with the
as well as hotel sales saw volumes reach close to $1 vacancy position improving over the last couple of years. Post
billion in the first six months of the year, this has GFC rents saw a significant decline as incentive levels grew to
waned in the period from July to November where over 30% putting even more pressure on an already low
development site transactions reached $83 million effective rent position.
and retail sales were just shy of $50 million.
As incentive levels improved so have effective rents keeping face
Office transactions however have been higher later in rents reasonably stable until mid 2015. Over the last 12 months
the year recorded at over $100 million notably due to the prime net face rent grew by 2.24% while the secondary
the sale of The Rocket at Robina for $70 million. market has outperformed increasing by 3.17% as demand for
Despite this total turnover level reducing, the number affordable space continues.
of transactions has remained high, highlighting a
greater proportion of sub $10 million assets. Incentives for prime stock are in the 20%–25% range with gross
face rents averaging $365/sqm while secondary property
The buyer pool at this price point has been greater remains affordable averaging $260/sqm. With international eyes
including overseas investors; resulting in increased on Gold Coast in 2018 with the Commonwealth Games there
competition and reduction in yields across all asset have already been some increases in investment by both local
classes. and off shore developers.

“ The buyer pool has This highlights the long term confidence in the region which has
been greater flowed through to these improved office results, furthermore
including overseas economic conditions have slightly improved with employment
investors levels up. The strata market continues to benefit from the low
“ interest rate environment resulting in capital values for the strata
market now back above 2010 levels averaging $3,330/sqm.

The volume of sales across the Gold Coast has Office transactions however have been higher later in the
slowed the second half of the year after a robust year recorded at over $100 million notably due to the sale of
start to the year. Strong development site sales, The Rocket at Robina for $70 million. Despite this total turnover
shopping centre transactions as well as hotel sales saw level reducing, the number of transactions has remained high,
volumes reach close to $1 billion in the first six months of highlighting a greater proportion of sub $10 million assets.
the year, this has waned in the period from July to November The buyer pool at this price point has been greater including
where development site transactions reached $83 million overseas investors; resulting in increased competition and
and retail sales were just shy of $50 million. reduction in yields across all asset classes.

Office

Internal Land Area

Date Address City Area in m2 Sale Price Yield Buyer Seller

Jul-15 40–42 Griffith St Coolangatta 368 314 $1,850,000 – Frenshire Pty Ltd

– $8,300,000 Properties Pty Ltd
– $660,000
Jul-15 68 Marine Pde Southport 1,525 506 $1,200,000 8.10% Keith Bernie Lloyd Arcon Group
Jul-15 79 West Burleigh Rd Burleigh Heads 145
– $400,000 – Michael John Cullinan Norene Pty Ltd
Jul-15 217 3,512 $5,250,000
50 Peerless Av Mermaid Beach $1,350,000 – Degreck Pty Ltd Gss Security Corp
– $1,950,000 Pty Ltd
813 $5,000,000
Jul-15 79 West Burleigh Rd Burleigh Heads 84 1,612 $1,235,000 – Rash Investments Rash Investments
1,416 (Qld) Pty Ltd (Qld) Pty Ltd

Aug-15 50 Railway Street Mudgeeraba 1,591 – – Airmech Property Pty Ltd Propdev1 Pty Ltd
Aug-15 17 Sixth Av Palm Beach 405
– 7.31% Not Disclosed Bargara Projects Pty Ltd

Aug-15 20 Welch St Southport 550 730 – David Youngyil Lois Thelma & Bruce
& Soo Mi Son Carlile-Thompson

Aug-15 100–102 Marine Pd Southport 180 – Not Disclosed Ilifam Pty Ltd

Sep-15 15 Dutton St Coolangatta 1,416 – Not Disclosed The Corporation Of
The Synod Of The Dioc

Sep-15 Brockway House, Southport 110 $445,000 8.36% Not Disclosed Tk402 Pty Ltd
82–86 Queen St

Sep-15 8 Fortitude Cr Burleigh Heads 125 $220,000 – Admeg Investments Raylee Anne Flynn
Pty Ltd (TTE)

Oct-15 Glenham Plaza, Bundall 133 $268,000 – Not Disclosed Hsui-Chin Hsieh Lin
Oct-15 17 Karp Ct 90
Oct-15 174
Oct-15 Southport Central Southport 12,814 – $270,000 – Not Disclosed Not Disclosed
Building G,
Oct-15 30702/27 Garden St 79
Oct-15 119
Victoria Square, Broadbeach – $535,000 – Not Disclosed Not Disclosed
15 Victoria Av

The Rocket, Robina 1,818 $70,000,000 – Clarence Property Robina Land
203 Robina Town
Centre Dr Group(50%) And Sentine Corporation

Southport Central Southport – $230,000 – Not Disclosed Yong Yit Ooi
Tower 1,56 107 $405,000 – Not Disclosed
Scarborough St 405 $730,000 – Not Disclosed Not Disclosed
Linfore Pty Ltd
1–3 Inland Dr Tugun & The Barry

Oct-15 1372 Gold Coast Hwy Palm Beach – Not Disclosed

Nov-15 Southport Central Southport 88 – $300,000 – Not Disclosed Not Disclosed
Dec-15 Tower 2, 2905/5 Surfers Paradise 2,749
Lawson St – $5,150,000 10.00% Not Disclosed

9 Trickett St

Source: Ray White Commercial

Industrial Internal Land Area

Date Address City Area in m2 Sale Price Yield Buyer Seller

Jul-15 35a Margaret Street Southport 75 708 $422,500 7.60% Not Disclosed Gainland Pty Ltd
Jul-15 2 Calabro Way Burleigh Heads 209 – $307,000 Lynsid Pty Ltd
1,500 $1,265,000 – Mark Stiefler K & U Formwork Pty Ltd
Jul-15 3–5 Rudman Pd Burleigh Heads 7,779 $213,000 Phillip Long As Trustee
91 89 $640,000 – Mark Steven Elliot & Under Ins
500 – $375,000 Wilhemina Johanna K Not Disclosed
308 – $1,640,000 Melissa Berry
Jul-15 3 William Banks Dr Burleigh Heads $1,400,000 – Phillip Long The Minister For Industrial
– 5,700 $670,000 Development
Jul-15 3/31 Rudman Pd Burleigh Heads 3,148 $670,000 – Not Disclosed Fb Custodian Pty Ltd
Jul-15 4/9 Hutchinson St Burleigh Heads 600 $670,000 – Graeme Martin
– $233,000 MFT Holdings Pty Ltd
Jul-15 14 Harrington St Arundel 570 – $255,000 – Not Disclosed
– $520,000 MFT Holdings Pty Ltd
Jul-15 30 Greg Chappell Dr Burleigh Heads – – $330,000 8.57% Edun Property
– $455,000 No 1 Pty Ltd MFT Holdings Pty Ltd
261 – $304,000
Aug-15 80 Dover Dr Burleigh Heads – $250,000 – IDTA Property Pat Ernst Pty Ltd
106 – $245,000 Pty Ltd (TTE)
– $326,000
Aug-15 80 Dover Dr Burleigh Heads 162 – – IDTA Property
299 – $493,000 Pty Ltd (TTE)
–
Aug-15 80 Dover Dr Burleigh Heads - $775,000 – IDTA Property
– $395,000 Pty Ltd (TTE)
258 $1,900,000
Aug-15 88 Township Dr Burleigh Heads 204 673 $2,000,000 – Werla Investments
81 – $6,425,000 Pty Ltd
Aug-15 $322,000
Aug-15 Kendor Industrial Arundel 150 4,442 $510,000 – Waiting Again Pty Ltd Christine Anne Dyer
Aug-15 Estate, 38 Kendor St Burleigh Heads 4,390 $2,060,000
117 5,201 $500,000 – Neill Spriggs Astra Merchant
3/66 Township Dr $520,000
–
4/9 Technology Dr Arundel 205 $320,000 – Shearwater Christine Anne Miers
1,850 Pastoral Pty Ltd
$4,100,000
Aug-15 19 Expo Ct Southport – – Molete Pty Ltd Shane Anthony
Aug-15 581 & Beth Quig
Aug-15
3/2 Calabro Way Burleigh Heads – – John Livingstone Lynsid Pty Ltd
Sep-15
3/59–60 Township Dr Burleigh Heads 14,800 – 3/59 Township Drive Devisive Technologies
Sep-15 Property Pty Ltd Pty Ltd & Raytron

3/24 Traders Way Currumbin – Elrb Smsf Vincenzo Corrone
Waters Investments Pty Ltd

5/17 Leda Dr Burleigh Heads 7.80% Bevan and Valeria Gregory & Cheryl Paull
Steffensen

Lawrence Reece

Sep-15 17/15 Industrial Av Molendinar 267 – Constructions Not Disclosed
Superannuation Fund

Pty Ltd (TTE)

Sep-15 29 Lemana Ln Burleigh Heads 440 7.60% Not Disclosed Not Disclosed
Sep-15 99
2/79 West Burleigh Rd Burleigh Heads 2,101 – Knobel Nominees Salt Enterprises
2,327 Pty Ltd (TTE) (Aust) Pty Ltd
2,695
Sep-15 9a Production Av Molendinar 215 – Gilmour Management Alan Ross & Margaret
Sep-15 1 Activity Cr Molendinar 405 Pty Ltd (TTE) Anne Mcdonald
Sep-15 10 Energy Cct Robina 890
253 – Camcorp Enterprises Patriot Campers
480
– Bective Station Pty Ltd Knapp Engineering
273 Pty Ltd

Oct-15 2–12 Gateway Ct Coomera – – Not Disclosed Mainz Developments
Oct-15 Pty Ltd
Oct-15
Oct-15 32 Taree St Burleigh Heads – Not Disclosed Not Disclosed
Oct-15
165 Old Pacific Hwy Oxenford 6.70% Not Disclosed Denise
Oct-15 & Kevin William Joiner

Nov-15 1/80–82 Township Dr Burleigh Heads – Vanderbrae Pty Ltd (TTE) Not Disclosed

45 Lemana Ln Miami 6.50% Graham Barrett Smash Mechanical
Pty Ltd

Gold Coast Trade Labrador – Geronto Holdings Jeanette and Albert
Centre, 3/215 Pty Ltd (TTE) Parker
Brisbane Rd

57–69 Boyd St Tugun – Not Disclosed Brodhurst Hill
Investments Pty Ltd

Source: Ray White Commercial

398sqm Commercial Office Space with National Financial Institution as Tenant

Tweed Heads Lots 10,11,12 18-20 Stuart Street

This unique property has a long term lease to a National Tenant who occupies 398 sqm of purpose built office space
including offices, kitchenette, boardroom and breakout areas. The tenant has leased the premises on a long term
agreement with a net rental return to the landlord of $192,560pa plus gst.

 Strong, National long term tenant with proven track record Sale
 9.2% Net Return with additional fixed annual rent increases
 Long term lease agreement $2,095,000
 Prime location in the centre of Coolangatta/Tweed Heads CBD
 Net Income $192,560pa + gst Dru Morgan 0418 185 484

For Sale or Lease - Over 400sqm of Retail Space

Murwillumbah 112 Main Street

This prime retail site which was once home to Fosseys and then to Essentials Variety Store covers 416 square metres
in the centre of Murwillumbah’s CBD. The building features a rear loading dock, mezzanine storage and ducted air
conditioning. The wide frontage also gives excellent retail exposure to passers by.

 Large building in central position Sale or Lease
 Diverse mixture of possible uses
 Rear loading bay and mezzanine storage $895,000
 Extensive Retail Frontage
Dru Morgan 0418 185 484

175sqm Multi Tenanted Beachfront Retail Investment

Coolangatta Lots 14 & 15 120 Marine Parade

Don’t miss this great Multi-Tenanted Commercial Site positioned on Coolangatta's famous beachfront. It is currently home to
Beach Seafoods and the Border Newsagency and occupies 175sqm of the ground floor of the Reflections Building. Both
businesses have long term leases combining to give a gross rental of approx $165,175pa and a net income of $102,971pa.
There are currently no other beachfront retail spaces on the market in this very tightly held section of Coolangatta. This is a great
opportunity to secure your own slice of the tourist strip.

 Prime beachside location Sale
 175sqm of internal area with additional alfresco
$1,500,000
 Two long-term tenants
Dru Morgan 0418 185 484

Central Office Space with Fit-out Included

Coolangatta 17/118 Griffith st

This fantastic ground floor office space is located in central Coolangatta and comes fully fitted inclusive of all furniture.
The space is located in the centre of Griffith st underneath the Beachcomber Hi-rise. The space is air-conditioned,
carpeted throughout and has great visibility and signage opportunities.

 Approx 50sqm Sale or Lease
 Central Coolangatta Position
 Full Office Fit-out Inclded $315,000
 For Sale or Lease
Dru Morgan 0418 185 484

Award Winning Restaurant
Southern Gold Coast

Established in November 2012 this beautiful restaurant was one of the first contemporary dining options in this suburb. As
a bar and eatery, this business has a late night liquor licence and serves traditional European tapas with a full bar that
specialises in cocktails, wine and craft beer on tap. The main dining hall is contemporary yet comfortable in design. The
outdoor street dining offers sea breezes and a great atmosphere.

The Restaurant is award winning in the 2015 restaurant & caterers award, featured in Australian Good Food Guide with a
top review, trip advisor award of excellence and has had several media articles including Jetstar, Courier Mail, Gold Coast

Bulletin and Melbourne Age. Open 6 nights from 5pm, lunch Fri, Sat and live music for Sunday lunch. This great business
has over 6,000 people on its social media database.

 Well Established For Sale by Expressions of Interest

 Long Term Lease with low rent (Approx $40,000pa) Closing 30th June 2016

 Sales of Approx $800,000pa Dru Morgan 0418 185 484

Highly Successful Cafe

Kingscliff

This well established Kingscliff cafe has a fantastic location with an excellent high exposure setting. The business is an air
conditioned, all weather venue cafe established around 2007. The business is supported by a stable, local, repeat customer
base and tourists all year round and is jus a short stroll to the magnificent Kingscliff Beach.

The café has a Liquor license 7am-9pm, with average weekly takings of $10,000 and an annual turnover of approximately
$500,000. It is a very organised cafe with an excellently equipped kitchen and well trained, enthusiastic staff.

This business has a fabulous reputation built around top quality DiBella coffee, delicious, wholesome, house cooked food and
fast, friendly service. Selling 25kg coffee a week.

 Well established with great staff in place Sale
 Owner retiring
$189,000 + stock (approx $3000)
 Seats 75 patrons
Dru Morgan 0418 185 484

Commercial Property for sale

Chinderah Currumbin

4976m² Waterfront Paradise Multi-Tenanted Retail Investment Property

 Huge Riverfront block of land  Net holding income of $76,107pa + gst +
 Could suit a variety of commercial uses outgoings
 2 storey Queenslander style home with 4
 Two Long Term Tenants
bedrooms and 2 bathrooms  Prime Beachfront Location
Price Upon Application Sale Offers over $1,100,000

Palm Beach Tweed

Central Gold Coast Shopping Centre with Net Fully Managed Storage Facility Investment with
Income $228,296 6212m² of Land

 Over 2000sqm of land close to the beach and  Long established business trades at
has scope for redevelopment of up to 7 storeys. approximately 98% occupancy.

 Net return to the owner of $228,296pa + gst + all  Features an onsite live-in manager who is
outgoings. responsible for all day to day running

Offers Over $3,600,000 Sale $2,650,000

Commercial Property for Sale

Varsity Kingscliff

Centrally Located 586m² Factory + Mezzanine Beachfront Retail
Offices
 126 sqm Beachfront Retail
 excellent street exposure  Open Floor Plan
 Ducted Air Conditioning
 approx 586sqm of floor area, additional  Excellent Exposure
mezzanine area, two large roller doors & high
ceilings. Auction

Offers Over $1,200,000

Coolangatta Tweed

Commercial Investment with Long Term Lease Tenanted Centrally Located Stand Alone 600m²
of Buildings on 1088m² of Land
 New 5 year lease with 5 year option to Bondi
Grill’d.  ample car parking, a modern air-conditioned
showroom, large factory/warehouse area and
 Rental $22,000pa + gst + all outgoings large air-conditioned office area.
 52sqm internal space + 40sqm of alfresco
 large exposure to passing traffic
Sale $390,000
Sale $1,500,000

Kingscliff Business for Sale

Palm Beach

Fashion Boutique Fish n Chip Shop

 Positioned on Kingscliff's famous tourist strip  Established 25 years in central Palm Beach
 Well established with exclusive designer brands  Large state of the art commercial kitchen, and
 Easy to run, full training provided if necessary
large servery area
$49,000  Sales over $250,000pa

Tugun $79,000

Northern NSW

Catering Business Retail Bookshop

 Established Over 20 Years  Established 10 years in prime location
 Earn approx. $100,000pa  Strong business with regular clientele
 Includes all equipment, owner retiring  Sales of $457,026 (2014)
 Net profit to the owner $56,875
$79,000
$120,000 + stock

Coolangatta For Lease

Coolangatta

Former Lunch Bar Cafe Site in Beach House Fully Fitted 338m² Restaurant
Commercial Plaza Coolangatta
 Main street central position
 70.2sqm and features great exposure with a wide
frontage within the plaza.  Features a large kitchen area with easy access,
a bar/cocktail area, wash-up area, office space
 Great site inside Beach House Commercial Plaza and indoor/outdoor seating for over 100
patrons.
Expressions of Interest
$80,000 pa + gst + outgoings.

Kingscliff Coolangatta

Retail Space Great Exposure 84.6sqm Central Office Space

 90sqm of retail space occupies one of the best  3 Room Fit-out
positions along this iconic tourist strip  Air Conditioned
 Internal Kitchenette
 Air conditioned & Lift access to carpark
 Great street visibility Expressions of interest

Expressions of interest

 Ray White Burleigh Waters Dru Morgan
 Ray White Palm Beach
Ray White GC South
Commercial & Business Sales

0418 185 484
[email protected]
www.drumorgan.raywhite.com

 Ray White Coolangatta/Tweed

 Ray White Banora

GC South Network Ray White Murwillumbah  Ray White Kingscliff
 Ray White Casuarina

 Ray White Cabarita

 Ray White Pottsville