Thursday, March 3, 2016 DailyDaily

PAGE 26 www.sunshinecoastdaily.com.au

Auction Friday 1 April 2016 10.30amVenue Level 26, 111 Eagle Street, BrisbaneKent Street 0427 877 874Russell Lindley 0427 071 820raywhiterural.com Property ID 1266608 *approx.Ray White Rural

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Forget the Mining Downturn.This Rural Business isBooming!‘Middlemount Rural Traders’, Central QLD• Strong growth and returns from diverse revenue streams• Experienced, knowledgeable and motivated staff• First class premises on 3,686m2* in ideal location• On-farm service and sales to the rural sector• Middlemount community expansion plans in progress• 5.5 day trading week and 2.5* hours from the coastForget the past, vendors committed to sell on 1 April 2016.

EMPIRE HOTEL

• Solid 2 Storey Hotel • Excellent location / Car Parking • 23 Gaming Machines• Bars, Bistro, TAB & Accomodation • Large Owners Residence

196 Mary Street, Gympie Qld

HOTEL BROKERSAUCTIONEERS& VALUERS

Andy Nason 0412 167 873 andy@powerjeffrey.com.au

AUCTION ONSITE22nd March 2016 at 11am

Investment Leased to National Dental GroupBuddina ‘Burns Centre 2’, 3 Burns Street, QLD• NDC Australia Pty Ltd (5 x 5 x 5 x 5 lease)• Quality fit-out including five surgeries and laboratory• Three amalgamated strata titled lots• Total building area 216m2*, off-street parking• Adjoins Kawana Shoppingworld

Auction Wednesday 23 March 11amVenue The Events Centre,20 Minchinton Street, CaloundraAlan Gray 0414 894 084Len Greedy 0401 691 807raywhitecommercial.comProperty ID 1419891 *approx.Ray White Commercial Caloundra

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‘Petrie Heights Estate’ — Development Opportunity‘Petrie Heights Estate’, Tulipwood Drive, Tinana• 14.82ha* (36.62* acres)• Lot 1 on SP 194942 — Tulipwood Drive• Suitable for residential land sub division or construction

of retirement village• Only 5* minutes to the CBD• Located next to Tinana Greens Estate

AuctionFriday 18 March 2016 10amVenue In rooms, 350 Esplanade, ScarnessGlenn Fallon 0429 798 245Rick Wallace 0417 550 037raywhiteherveybay.comProperty ID 1149330 *approx.Ray White Hervey Bay

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TWO well-established shop-ping centres in Gladstone’straditionally tightly heldretail market have been puton the market as GoldmanSachs looks to divest ofthem.

Gladstone Central, whichencompasses The NightOwlCentre and neighbouringSpotlight Centre, are beingoffered for sale individuallyor in-one-line via a formalexpressions of interestcampaign which closes onMarch 17.

Goldman Sachs boughtthe two properties from theBank of Queensland in July2012, as part of a distressedproperty debt portfoliothat it acquired after thecentres’ builder and then-owner Richard Mulherngot in financial trouble in2010.

JLL directors of Queens-land retail investments,Jacob Swan and Sam Hatch-er, have been appointed tomarket the properties underinstructions from Chris

MacDonnell, of Restructur-ing Solutions, as agent forthe Goldman Sachs fund.

The Spotlight Centre,located at 65-69 Dawson Rd,encompasses 8613sq m ofretail space with two majoranchors, Spotlight andGladstone Cinemas, sup-ported by two mini-majorsand 24 specialty tenancies,including Suncorp Bank,

Bank of Queensland, Any-time Fitness and MedibankPrivate.

The NightOwl Centre,located at the cnr Park Stand Dawson Rd, is a conve-nience and food and bever-age-based centre encom-passing 3965sq m of retailfloor area across one mini-major, 20 specialties and oneATM.

Tenants include Domi-no’s, The Cheesecake Shop,The Coffee Club, NightOwl,Subway and Gloria Jeans.

JLL says the propertieshave fully leased net in-comes as at March 31, 2016,of about $2.063 million and$1.312 million per annum forthe Spotlight Centre andThe NightOwl Centre res-pectively. – REA

Shopping centres hit market

SUBSTANTIAL HOLDING: Gladstone Central, which encompasses The NightOwl Centre andSpotlight Centre, are offered for sale individually or in-one-line. PHOTO: CONTRIBUTED

By GEMMA WESTACOTT

NATIONAL electrical retail-er L & H Group has pluggedin a long-term tenancy in asubstantial showroom atBurleigh Waters on the GoldCoast through Ray WhiteCommercial.

L & H has leased theabout 600sq m property next

door to Total Tools at 6Executive Dr, Burleigh Wa-ters, in a deal negotiated byTony Grbcic and AdamGrbcic of Ray White Com-mercial Burleigh.

The group took out a 3 + 3year lease at a gross rentalof about $114,000 per annum.

Retailer locks in showroom

Thursday, March 3, 2016DailyDaily

www.sunshinecoastdaily.com.au PAGE 27

For sale by offers to purchase closing Wednesday, 16 March

Exceptional offering on Capricorn Coast“The Haven”, 37 Haven Road, Emu Park QLD• 4.24 ha* of outstanding, readily accessible elevated land• Exceptional ocean views to Great Keppel Island• Well established facilities for commercial and private use• Opportunity to continue the current usage of the property or redevelop the site,

subject to statutory approvals• Access to Rockhampton City

07 4921 2347Pat O’Driscoll 0418 792 571Neale Crow 0418 886 162 View at KnightFrank.com.au/2685336

*Approx

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Boundary indicative only

Statutory Trustee Sale — Rural Beachside ParcelsHaliday Bay — 34.98ha* Beachfront• Located in a seaside township, 50km* north of Mackay• Beachfront land previously used as caravan park• Development approval in placeSeaforth — 145ha* Three Separate Parcels• Situated in popular holiday destination 45km* north of Mackay• Three separate parcels comprising: Lot 100: 4.038ha*,

Lot 101: 120.8ha* and Lot 5: 22.31ha*, parcels availableindividually, in one line or any combination

Expressions of InterestClosing Thursday 24 March 2016 4pmTony Williams 0411 822 544Des Besanko 0419 860 129raywhitecommercial.com *approx.Property ID’s 1428129 & 1428131Ray White Special Projects (QLD)

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Haliday BayHaliday Bay

SeaforthSeaforthOutline Indicative OnlyOutline Indicative Only

Outline Indicative OnlyOutline Indicative Only

Commercial Property

THE Gold Coast office mar-ket has bounced back andposted its lowest vacancyrate since the global fi-nancial crisis, with the 2018Commonwealth Gamestriggering a boost in in-vestment, says Ray WhiteCommercial.

Ray White Commercialhead of research, VanessaRader, said a rebound in thesecond half of 2015 and

another year of positive netabsorption brought the totalvacancy position of the cityto 13.6%, the lowest ratesince July, 2008.

“With international eyeson Gold Coast in 2018 withthe Commonwealth Gamesthere have already beensome increases in invest-ment by both local and offshore developers,” Ms Rad-er said in the Between the

Lines Gold Coast OfficeMarket Report February2016.

Ms Rader said the va-cancy position of the GoldCoast had been steadilyimproving over the past fewyears after the total marketresult peaked at 23.3% inJuly, 2010, falling to its cur-rent low of 13.6% in January,2016. Further inquiries toMs Rader on 0432 652 115.

Office vacancies drop on Gold Coast

A TENANTED retail in-vestment in the SunshineCoast hinterland railwaytown of Cooroy has beensold by Ray White Commer-cial Noosa and SunshineCoast North for an eight percent yield.

The 138sq m tenancyleased by French patisserieMaison de Provence at lots 8and 9, 13 Garnet St, Cooroy,was sold to a local investorfor $493,750 by Tracey Ryanof Ray White CommercialNoosa and Sunshine Coaston behalf of a local develop-er.

Ms Ryan said the vendorwas the original local deve-loper who completed thebuilding in 2007 and workedwith Ray White CommercialNoosa and Sunshine CoastNorth to sell and lease theretail development to a mix

of owner occupiers andinvestors.

“The sale reflects thecurrent strong demand forinvestment property in the$500,000 price range on boththe coast and hinterlandareas of the SunshineCoast,” she said.

“The Wattle St develop-ment, which is on a 982sq msite, is a popular destinationfor Noosa lunch-goers andalso includes a boutiquetravel agency, a financialservices business and adental surgery.”

Ms Ryan said the ownerof Maison de Provence wasformerly a head pastry cheffor the Ritz Carlton hotelgroup.

Cooroy is located about22km west of Noosa Heads.

Further inquiries to MsRyan on 0421 981 490.

TENANT IN PLACE: A local investor has paid $493,750 for Lots 8and 9, 13 Garnet St, Cooroy. PHOTO: CONTRIBUTED

Investor securespatisserie premises

A PROMINENTLY locatedretail investment opportun-ity at Mermaid Beach on theGold Coast is being offeredfor sale via auction by RayWhite Commercial GoldCoast.

The property at 2211 and2215 Gold Coast Hwy, Mer-maid Beach, is being mar-keted by Michael Willems ofRay White Commercial

Gold Coast.Mr Willems said the two

buildings on the total landarea of about 1555sq minclude 14 tenancies gener-ating net rental income ofabout $447,000 per annum.

“This is a standoutcommercial property in apopular retail and cafeprecinct on the Gold CoastHwy at Mermaid Beach,”

Mr Willems said.“The tenancies on site

include the Nobby BeachPost Office, a medicalcentre, pathology and che-mist, a hair salon, take-awayfood outlets and Little BeanCoffee Shop.

“The property is locatedbetween Lavarack Rd andChairlift Ave on the GoldCoast Hwy and there is

plenty of on-site parking.“The two commercial

buildings offer a combinednet lettable area of approxi-mately 817sq m.”

The property will beauctioned at the Gold CoastTurf Club, Racecourse Rd,Bundall, at 11am (AEST) onThursday, March 17.

Further inquiries to MrWillems on 0412 240 176.

POPULAR PRECINCT: The property at 2211 and 2215 Gold Coast Hwy, Mermaid Beach, will be auctioned at the Gold Coast Turf Club,Racecourse Rd, Bundall, at 11am (AEST) on Thursday, March 17. PHOTO: CONTRIBUTED

Buildings generate substantial income

Commercial Property is Australia’s only infl uential and comprehensive guide to the booming commercial and industrial property market across regional Queensland and northern New South Wales.

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