Station drivesdevelopmentPelcian Waters retail gets a boost

October 15, 2015

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Thursday, October 15, 2015DailyDaily

www.sunshinecoastdaily.com.au PAGE 23

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

• Land Area: 25,310sqm*• Approved lot for Showroom, Professional Offices, Vet Clinic,

Construction Yard, Equipment Display and Warehousing & Depot• Next to Caltex Service Station and Subway

QLD, North Maclean: Mt Lindesay Highway

FOR SALEZONED LAND $80PSM*

Sam Higgins+61 439 034 045

Jack Pershouse+61 439 673 131

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

www.cbre.com.au

BUY YOURCANCER COUNCIL

PINK RIBBONMERCHANDISE

pinkribbon.com.au

1300 65 65 85

HELP CANCER COUNCILBEATWOMEN’S CANCERS

FUNDS manager Queens-land Investment Corporationhas put its Brisbane officetower at 41 George St on themarket, with predictions thebuilding will sell for up to$150 million.

The property, which is lo-cated at the gateway to theproposed $2 billion resortand casino precinct QueensWharf, is set on a 2811sq melevated corner site and in-cludes a 27-level commercialoffice building providing29,960sq m of net lettablearea.

The Queensland Govern-ment is the major tenant,bringing in a net passing in-

come of $13,939,713 per an-num.

Chesterton Internationaldirector of corporate sales,Ken Lucht, said strong inter-est had already been re-ceived from both onshoreand offshore groups.

“The property is includedin the Queens Wharf PriorityDevelopment Precinct,which when completed in2022 will be Brisbane’s mostdynamic entertainment lifes-tyle location,” he said.

Queens Wharf is a multi-billion dollar integrated tou-rism, public infrastructureand residential developmentproject set on the BrisbaneRiver, with site works antici-pated to commence in 2017.

Colliers International na-tional director of capital mar-kets investment services,Tom Phipps, said the lease tothe State Government pro-vided exceptional cashflowsecurity until 2021.

“This asset is unique toany other CBD offering cur-rently on the market as itprovides a combination of se-cure income from a govern-ment tenant and considera-ble potential for futureupside,” Mr Phipps said.

Colliers International na-tional director of capital mar-kets investment services, Ja-son Lynch, saidopportunities to acquire ma-jor assets with a weightedaverage lease expiry in ex-

cess of five years would berare for the next few yearsdue to the current CBD mar-ket being so tightly held bylong-term investors.

“In addition to this, thebuilding lends itself to arange of redevelopment andvalue add options,” MrLynch said.

“These include office re-furbishment, adaptive reuseand further development.”

The property is being mar-keted by Mr Phipps and MrLynch of Colliers Interna-tional and Shaun Douglasand Lucht of Chesterton In-ternational, via an interna-tional expressions of interestcampaign.

– REA

QIC to offload Brisbane office towerBy GEMMA WESTACOTT

ICONIC Queensland touristdrawcard the Stradbroke Is-land Beach Hotel is being of-fered for sale for the firsttime in more than 30 years byRay White Hotels Australia.

The popular hotel at 158-171 East Coast Rd, Point Loo-kout, is being marketed viaexpressions of interest byTony Bargwanna and GrantBailey of Ray White HotelsAustralia on behalf of NorthPoint Holdings No.2 Pty Ltd.

Mr Bargwanna said theStraddie Hotel was an inte-gral part of the history ofNorth Stradbroke Island, asand island about 30kmsouth-east of Brisbane and amajor holiday destination.

“The hotel was opened in1962 and was affectionatelyknown by locals and visitorsas the Straddie Pub until a to-tal rebuild in 2006 launched anew era for the landmark,approximately 3267sq m pro-perty as the Straddie Hotel,”he said.

“The Straddie Hotel offersa memorable experience

with its views of the CoralSea and Moreton Island. Thehotel is within walking dis-tance to pristine beaches andnatural bushland.”

Mr Bargwanna said the ho-tel featured a bistro/restau-rant, Waves bar and beergarden, a gaming room with15 electronic gaming ma-chines, wedding and confe-rence facilities with seatingfor 130 people and a detachedon-site bottle shop.

“The accommodation in-cludes 13 hotel rooms and amanager’s residence as wellas Waves Stradbroke LuxuryServiced Apartments, whichhas 21 units in total, includ-ing two which are owner-oc-cupied,” he said

Mr Bailey said NorthStradbroke Island playedhost to a number of eventsthroughout the year includ-ing the Straddie SaluteTriathlon Festival and the Is-land Vibe Festival.

He said of significance tothe future of Straddie wasthe approval by the Queens-

land government of a prim-ary development area atToonbah Harbour at Cleve-land on Brisbane’s bayside,which is the departure pointfor ferry services to the is-land.

“Straddie offers a unique

experience for both domesticand international touristsand is easily accessible fromthe mainland by a vehiclebarge service or high speedferries,” he said. “The islandis renowned for its stunningbeaches and activities such

as surfing, fishing, kayaking,four-wheel driving or walk-ing along the stunning hea-dline walk called the NorthGorge Walk near MainBeach at Point Lookout.”

Expressions of interestclose at 4pm on November 12

with all submissions to besent to Ray White Hotels atLevel 26 111 Eagle St, Bris-bane, 4000 or via fax on (07)3046 4310. For more informa-tion phone Mr Bargwanna on0411 544 451 or Mr Bailey on0414 818 909.

Island hotel hits the market

TOURIST MECCA: Expressions of interest for the Stradbroke Island Beach Hotel close November 12. PHOTO: CONTRIBUTED

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Thursday, October 15, 2015 DailyDaily

PAGE 24 www.sunshinecoastdaily.com.au

Accelerating success.

colliers.com.au

EOI closing Wed 27 Nov 2014432 St Kilda Rd, St Kilda

Dan Dwan0418 799 792

Luke Darr0487 328 333*Approximately

www.colliers.com/16950

• Massive exposure with frontage to Warrego Highway &Roaches Road, Withcott.

• 465m2* warehouse with offices & mezzanine,24,000m2* fenced gravel hardstand & 4 bedroom, 1bathroom brick home inc. metal lock up garage & pool.

• 10 mins to Toowoomba CBD and 90 mins to Brisbane.

EOI closing 5th of November at 4pm8700 Warrego Highway, Withcott

Major Development Site Adjoining Warrego Highway

Opportunity toDevelop *STCA

Industrial Shed &House on site

Adjoining WarregoHighway

Lockyer ValleyCouncil Industrial

zoning62.31ha across2 Titles *approx

MULIT-USE DEVELOPMENT SITE

MORTGAGEE

SALE

AuctionFriday 13 November 2015 10.30amVenue Level 26, 111 Eagle Street, BrisbaneLeon Alaban 0422 011 455Brent McCarthy 0448 355 329raywhitehotels.com.au *approx.

Ray White Hotels Australia

RWH0

72

Heritage Hotel, RockhamptonReceivers and Managers Appointed• A three storey venue located within the Rockhampton

CBD• Corner position overlooking the Fitzroy River• Lot 255 on CP R1675, site area of 809m2*• Features three bars, restaurant with commercial

kitchen, gaming room (14 EGMs) function rooms,manager’s residence and 20 accommodation rooms

• The hotel is being offered as vacant possession

Mortgagee Sale — 2ha* SiteCurra Corner David Drive and Bruce Highway• Located 14km* north of Gympie• Frontage to Bruce Highway• Code assessment uses shop, duplex and office• Zoning Township with Gympie Regional Council• All offers will be submitted

Expressions of InterestClosing Friday 13 November 2015Karen Mychaelle Seeto 0403 401 000raywhitecommercial.comProperty ID 1369998 *approx. RW

C412

Ray White Commercial Karen Mychaelle Seeto

David Drive

David Drive

Bruce Highway

Bruce Highway

Outline Indicative OnlyOutline Indicative Only

Commercial Property

LEADING professional in-dustrial and trade tool retail-er Total Tools has locked in along-term tenancy in a sub-stantial showroom at Bur-leigh Waters on the GoldCoast through Ray WhiteCommercial.

Total Tools has leased the2048sq m site at 4-6 ExecutiveDr, Burleigh Waters, in a dealnegotiated by Tony Grbcicand Adam Grbcic of RayWhite Commercial Burleigh.

Tony said there was stronginterest in the vacant show-room/bulky goods offering inthe heart of Burleigh Waters.

“We believe this is one ofthe standout commercialleasing deals on the GoldCoast this year,” he said.

“This was an ideal oppor-tunity to secure this freeholdproperty which is situatednear the new Bunnings, twoshopping centres and has im-mediate access to major ar-terial roads. There is certain-ly strong demand forshowroom space of 1500sq mand above in Burleigh.

“We had various proposalsat a higher rental, however,

we went with Total Tools be-cause of the security thecompany offered as well as a10-year tenure. “

Adam said Ray WhiteCommercial Burleigh wasnow subleasing 600sq m ofthe building which is surplusto Total Tools requirements.

Further inquiries to Tonyon 0407 968 667 or Adam on0404 087 772.

Total Tools locks in tenancy

BRANCHING OUT: Total Tools has leased the 2048sq m site at4-6 Executive Dr, Burleigh Waters. PHOTO: CONTRIBUTED

A MIXED-use strata titled in-vestment in the IslanderNoosa Resort at Noosavilleon the Sunshine Coast hasbeen sold by Ray White Com-mercial Noosa and SunshineCoast North for $650,000.

The tenanted property atLot 4 Islander Noosa Resort,Thomas St, Noosaville, wassold to a local investor by RayWhite Commercial Noosaand Sunshine Coast North’sDavid Brinkley on behalf of alocal owner for a yield of7.3%.

Mr Brinkley said the39sq m ground floor was oc-

cupied by the award-winningBurger Bar restaurant anddirectly above this is a60sq m two-storey, two-be-droom, one-bathroom resi-dential unit which is rentedon a permanent basis.

“We had a lot of inquirysince listing the propertywith a lot of people liking theidea of having the mixed-in-come streams from the com-mercial and residential,” hesaid.

“The position of the retailshop is right in the heart ofThomas St, which has a se-lection of very popular res-

taurants/takeaways.“The tenancies are part of

the Islander Noosa Resort,which is one of the largest re-sorts in Noosa.”

Mr Brinkley said commer-cial investment opportuni-ties in the Noosa region werein strong demand.

“We are hunting invest-ment stock to try and keep upwith the amount of inquirywe are receiving from inves-tors who are turning to thecommercial market,” hesaid.

Further inquiries to MrBrinkley on 0448 594 361.

Mixed-use option snapped up

STRONG INTEREST: The 39sq m ground floor is occupied by the Burger Bar restaurant anddirectly above is a 60sq m residential unit. PHOTO: CONTRIBUTED

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Thursday, October 15, 2015DailyDaily

www.sunshinecoastdaily.com.au PAGE 25

Balance Residential Land Estate — 256 Lots‘Royal Sands Estate’ Northern Beaches, Mackay• Land area: 21.836ha*• 16km* north of Mackay CBD• Stage 11 (29 lots) & Stage 12a (30 lots) OPW approved• Stage 12b (26 lots) & Stage 14 (20 lots) ROL approved

• Balance area (Stage 15-19) proposed for additional151 lots

• Option to purchase individual stages or entire parcel

Expressions of InterestClosing Wednesday 18 November 2015 4pmMark Creevey 0408 992 222Tony Williams 0411 822 544raywhitecommercial.comProperty ID 1372336 *approx. RW

C399

Ray White Special Projects (QLD)

Stage 15-19

Stage 14

Stage 11 a

Stage 12

a

Hibiscus Shopping Centre

Northern BeachesCentral Shopping

Centre

Stage 12

b

Mackay Harbour Mackay CBD

SStage 12b aStage 12a 1Stage 11

Stage 14

Outline Indicative Only

Outline Indicative Only

Outline Indicative Only

Commercial Property

THE popular QueensportTavern and Motel at Hem-mant in Brisbane’s Trade-Coast precinct is being of-fered for sale as a freeholdgoing concern by Ray WhiteHotels Australia.

The 19th Century builtproperty at 49 Gosport St,Hemmant, is being marketedvia expressions of interest byLeon Alaban and ChristianTsalikis of Ray White HotelsAustralia.

Mr Alaban said the Queen-sport Tavern and Motel wasestablished in 1864 and wasconveniently located nearthe Port of Brisbane, one ofAustralia’s fastest growingand diverse multi-cargoports.

“The Port of Brisbane han-dles more than $50 billion intrade per annum and is un-dergoing an upgrade whichis scheduled for completionin 2018,” he said.

“Due to growth in tradeand shipping and demand forport-related commercial andindustrial development, ad-ditional land is being re-claimed over the next 30years in a 230 hectare areaknown as the Future Port Ex-pansion.

“The tavern boasts a largeand loyal blue collar clienteledue its proximity to the Portof Brisbane. The property isapproximately 11km fromthe Brisbane CBD and 14kmfrom Brisbane Airport.”

Mr Tsalikis said the tavernand motel as well as three de-tached bottle shops generat-ed total revenue of more than$6 million in the 12 months toAugust, 2015.

“The Queensport Tavernand Motel comprises a publicbar, lounge bar and bistro,

TAB and Keno facilities and agaming room with 25 elec-tronic gaming machines(EGMs) as well as a beer gar-den and full commercialkitchen,” he said.

“There’s a drive-throughbottle shop on-site as well asthe three detached bottleshops at Wynnum North,Wynnum and Tingalpa. Thebottle shops are currentlymarketed under the Bottle-mart purchasing group.

“The motel has 26 roomsincluding six king rooms,

two disabled rooms and 18double rooms.

“There are also six hotelrooms. On-site and streetparking is available.”

Expressions of interestclose at 4pm on Wednesday,November 11, with all sub-missions to be sent to RayWhite Hotels at Level 26 111Eagle St, Brisbane, 4000 orvia fax on (07) 3046 4310.

For more informationphone Mr Alaban on 0422 011455 or Mr Tsalikis on0421 562 262.

Popular tavernnear port for sale

INTEREST SOUGHT: The Queensport Tavern and Motel is located near the Port of Brisbane, oneof Australia’s fastest growing and diverse multi-cargo ports. PHOTO: CONTRIBUTED

PELICAN Waters residentson the Sunshine Coast cannow fill up with fuel and cof-fee following the officialopening of the estate’s firstpetrol station.

Constructed by LanskeyConstructions, the new Pu-ma station is the start of awave of commercial develop-ment yet to come within thePelican Waters town centreover the next few years.

Located next to the PelicanWaters Shopping Village onPelican Waters Boulevard,the station complex is alsothe soon to be home to BeanThere Done That EspressoBar including a drive-through facility.

General manager of deve-lopment for Pelican Waters,Hamish Pressland, said thestation was being built in res-ponse to residents’ needs.

“The residents of PelicanWaters and nearby GoldenBeach have been crying out

for their own service stationfor years, and we are verypleased to be able to now de-liver this important servicefor the local community,” MrPressland said.

Puma is one of Australia’sfastest growing energy com-panies with more than 270 re-tail outlets around the coun-try.

The station is positionedwhere construction is cur-rently under way on the gate-way entry road to PelicanWaters’ new town centre andmarina.

The new road will spear-head development of the fi-nal 105 hectares of the 810hectare masterplanned Peli-can Waters community in-cluding the five hectare towncentre and about 2250 newdwelling lots comprising ahub of medium -density unitssurrounded by larger lots in-cluding waterfront homesites.

EVOLVING ESTATE: The new Puma station at Pelican Waters.PHOTO: CONTRIBUTED

Puma station helpsdrive development

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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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