RWC_Retail Wrap 2023_Digital

THE

RWC RETAIL

JULY 2023

The Retail Wrap

Q2 2023

Introduction We hope this report serves its purpose as being a concise snapshot of every* transaction within the below categories in QLD, which helps you stay up to date with potential trends and significant sales.

Suburban Shopping Centres

Large Format Retail

Healthcare

Childcare

Fast Food

Service Stations

“Despite the increased cash rate from 0.10 to now 4.10, we are genuinely surprised at how resilient the market has been. Although there has been a softening of yields across the board, this has not been a like for like correlation with the cash rate. In fact, with the 400 basis point increase, yields have notably only softened around 75 to 100 basis points. With the low volume of stock levels and unstable cash rate environment it has been increasingly hard to predict property values. Auctions are still proving to be the best method for the sale of retail property, with the demand still far outweighing the supply.”

Michael Feltoe Joint Managing Director RWC Retail mfeltoe@raywhite.com 0447 714 899

“With the volatility of the cash rate environment, there is a clear flight to quality in what properties are transacting. Anything that is relatively new, in a metro location with a long lease is still being highly sought after. Comparitively, anything in the regions with multiple tenants and/or vacancies is becoming harder to bridge the gap between sellers and buyers. With the construction environment harder than ever (prices and a lack of tradesmen/consultants), we anticipate there will be a shortage of brand-new long leased investments in approximately 1-2 years, which will inevitably make that premium investment stock harder and more expensive to come by.”

Lachlan O’Keeffe Joint Managing Director RWC Retail lokeeffe@raywhite.com 0413 464 137

*Approximately

The Retail Wrap

Q2 2023

RWC Retail

Suburban Shopping Centres

Healthcare

Indooroopilly $13,400,00

Mount Pleasant $5,934,350

Fully Leased Yield: 5.69%

Fully Leased Yield: 7.00%

Hawthorne $5,800,000

Springwood $36,000,000

Marsden $3,472,325

Logan Central $12,190,000

Fully Leased Yield: 5.52%

Fully Leased Yield: 4.78%

Fully Leased Yield: 6.93%

Fully Leased Yield: 5.59%

3 Sales Highlights

ANCHOR/CENTRE

LOCATION

SALE PRICE

YIELD

SPECIALTIES

QUARTER

ANCHOR/CENTRE

LOCATION

SALE PRICE

YIELD

SPECIALTIES

QUARTER

Two Sixty Five

Hawthorne

$5,800,000

5.52%

Springwood Health Hub

Springwood

$36,000,000

4.78%

Taringa

$13,400,000

5.69%

Mount Pleasant

$5,934,350

7.00%

Gailey Fiveways

Willetts Road Medical Centre

Marsden

$3,472,325

6.93%

Logan Central

$12,190,000

5.59%

Macarthy Fair

IPN

Beachmere Plaza

Beachmere

$2,950,000

6.57%

East Brisbane Day Hospital

East Brisbane

$12,500,000

7.91%

Red Edge on James

South Toowoomba

$6,200,000

8.94%

ForHealth Medical & Dental Centre

Springfield

$6,490,000

5.72%

Forest Avenue Shopping Centre Townsville

$2,080,000

7.48%

NCACCH

Gympie

$1,150,000

6.27%

Giant Bikes

Mooloolaba

$4,350,000

5.00%

All About Physio

Nerang

$1,716,000

5.20%

Thams Court

Southport

$2,235,000

7.78%*

Graceville Fiveways Veterinary Surgery Graceville

$1,750,000

7.60%

Domino's

Yeppoon

$2,300,000

7.35%

Bertha Street Medical & Dental

Caboolture

$6,800,000

6.26%

Q Medical

Waterford West

$9,415,000

7.09%

Ekera Dental

Emerald

$1,360,000

7.48%

Red Rooster

Burleigh Waters

$9,900,000

5.50%

Kedron Medical Centre

Kedron

$7,540,000

7.25%

Spar

Holloways Beach

$3,500,000

7.34%

Mountain Creek Medical Centre

Buderim

$1,985,000

5.32%

CBA

Arana Hills

$6,360,000

6.72%

Whitsunday Doctor Services

Airlie Beach

$1,215,000

5.24%

Jetts

Maroochydore

$10,400,000

5.20%

Healius Group

Rockhampton

$4,000,000

6.00%

Coffee Club

Aspley

$8,187,887

5.53%

Ocean Family Medicine

$2,500,000

4.50%

Sippy Downs

Ashmore Pitstop

Ashmore

$11,800,000

5.81%

Vitality Village

Birtinya

$28,900,000

6.50%

Flagstone Retail Complex

Flagstone

$25,350,000

5.40%

QML

Birtinya

$2,440,000

5.70%

NAB

Bongaree

$7,200,000

5.76%

Highgate Hill Doctors

Highgate Hill

$2,600,000

6.14%

Please note not every property in the table was sold by Ray White.

The Retail Wrap

Q2 2023

RWC Retail

Large Format Retail

Service Stations

Currumbin Waters $1,575,000

Caboolture $8,000,000

Fully Leased Yield: 5.38%

Fully Leased Yield: 5.97%

Stafford $4,290,000

Pimpama $7,637,000

Recent Qld Sales Highlights

Coorparoo $3,600,00 0

Brendale $9,625,000

Fully Leased Yield: 5.16%

Fully Leased Yield: 6.38%

Fully Leased Yield: 5.58%

Fully Leased Yield: 5.71%

3 Sales Highlights

ANCHOR

LOCATION

SALE PRICE

YIELD

SPECIALTIES

QUARTER

ANCHOR

LOCATION

SALE PRICE

YIELD

SPECIALTIES

QUARTER

7-Eleven

Pimpama

$7,637,000

6.38%

Tyres & More

Stafford

$4,290,000

5.16%

Brendale

$9,625,000

5.71%

EG Group

Tyrepower

Currumbin Waters

$1,575,000

5.38%

Caboolture

$8,000,000

5.97%

Caltex

Link Vision

Coorparoo

$3,600,000

5.58%

United

Yamanto

$6,000,000

6.10%

Tradelink

Camp Hill

$3,700,000

6.00%

Ampol

Mount Isa

$1,378,000

12.09%

Andersens

Sumner

$3,465,000

4.76%

7-Eleven

Bald Hills

$5,200,000

6.69%

Officeworks

Cairns

$7,750,000

7.93%

Indooroopilly

$2,800,000

4.98%

Tranzmile

Kingaroy

$1,700,000

6.91%

Caltex

Garbutt

$6,350,000

6.00%

Andersens

Kirwan

$760,000

7.27%

BP/Zarraffa's

Slacks Creek

$9,300,000

7.69%

Bridgestone

Pimpama

$3,860,000

4.39%

EG Fuelco

Charters Towers

$1,421,000

6.69%

Officeworks

North Lakes

$7,000,000

5.33%

Mobil/Zarraffa's

Pialba

$8,100,000

5.49%

Bridgestone

Labrador

$2,380,000

4.81%

Ampol

Kedron

$6,700,000

5.05%

Napa Auto Parts

Warana

$4,700,000

4.56%

Puma

Peregian Beach

$4,200,000

6.21%

Total Tools

North Ipswich

$3,300,000

6.21%

Puma

West Gladstone

$2,300,000

6.46%

Wide World of Lights

Morayfield

$3,250,000

6.80%

Pearl Energy

Pimpama

$6,300,000

5.51%

AMX Superstores

Morayfield

$2,075,000

5.33%

Ampol

Sladeway

$5,500,000

8.50%

99 Bikes

Morayfield

$1,450,000

5.52%

Puma

Biloela

$1,800,000

6.11%

Totally Workwear

Birtinya

$4,650,000

6.00%

7-Eleven

$7,800,000

5.21%

Q2 2022

Choices Flooring

$3,100,000

7.15%

Sailsbury

Mount Pleasant

Please note not every property in the table was sold by Ray White.

The Retail Wrap

Q2 2023

RWC Retail

Fast Food

Childcare

Idalia $3,638,888

Pimpama $6,500,000

Fully Leased Yield: 6.47%

Fully Leased Yield: 5.07%

Mount Isa $3,600,000

Taigum $7,125,000

Recent Qld Sales Highlights

Richlands $4,200,00 0

Gordonvale $4,775,000

Fully Leased Yield: 8.94%

Fully Leased Yield: 5.33%

Fully Leased Yield: 4.60%

Fully Leased Yield: 5.50%

3 Sales Highlights

ANCHOR

LOCATION

SALE PRICE

YIELD

SPECIALTIES

QUARTER

ANCHOR

LOCATION

SALE PRICE

YIELD

PLACES

QUARTER

Hungry Jacks

Mount Isa

$3,600,000

8.94%

Affinity Education

Taigum

$7,125,000

5.33%

108

Idalia

$3,638,888

6.47%

Gordonvale

$4,775,000

5.50%

Red Rooster

Mayfield Childcare

Richlands

$4,200,000

4.60%

Pimpama

$6,500,000

5.07%

108

Guzman Y Gomez

Busy Bees

KFC

Parkhurst

$3,895,000

4.39%

Imagine Childcare

Kuluin (Maroochydore)

$6,400,000

5.08%

100

KFC

Bundamba

$4,690,000

4.09%

KidCademy

Banksia Beach

$3,360,000

5.00%

Zambrero

West End (Townsville)

$1,950,000

5.87%

Lead Childcare

Goodna

$2,710,000

5.25%

Red Rooster

Goondiwindi

$1,475,000

6.29%

Bayside Early Learners

Kagungan

$2,300,000

6.51%

Red Rooster

Nundah

$2,280,000

3.81%

Sparrow Early Learning

Worongary

$4,400,000

5.54%

McDonald's

Rochedale

$5,204,000

2.89%

Mount Coolum Day Care Mount Coolum

$5,000,000

5.10%

Red Rooster

Bowen

$2,250,000

6.83%

Busy Bees

Everton Hills

$6,500,000

4.70%

101

KFC

West Gladstone

$4,250,000

4.24%

Q2 2022

Imaginarium Early Learning Burpengary

$6,055,000

5.28%

100

Red Rooster

Currajong

$4,710,000

4.91%

Q2 2022

Affinity Education

Robina

$8,800,000

5.43%

122

Taco Bell

Currajong

$4,410,000

3.94%

Q4 2021

Guardian Childcare

Rochedale South

$6,170,000

4.88%

KFC

Berrinba

$4,930,000

3.53%

Q4 2021

Oak Tree Academy

Woodford

$6,100,000

5.20%

104

Domino's

Rockhampton

$1,380,000

4.03%

Q4 2021

Eden Academy

Auchenflower

$6,850,000

5.14%

Guzman Y Gomez

Pialba

$4,930,000

3.92%

Q4 2021

Guppy's Early Learning

$2,525,000

4.50%

Thornlands

Hungry Jack's

Mount Isa

$3,200,000

9.39%

Q4 2021

Guppy's Early Learning

Kingston

$3,200,000

6.05%

Hungry Jack's

$7,000,000

3.84%

Q3 2021

Upper Coomera

Daisies Early Learning

Deeragun

$713,000

4.77%

Please note not every property in the table was sold by Ray White.

e built for selling producing ercial property TMENT

Purpose built for selling income producing commercial property TENANTED INVESTMENT

The results

Here’s the difference

The results

In 2023 are you still trying to reach commercial property investors by advertising your listing at the suburb level on a main stream property portal? Unlike residential buyers focused on certain suburbs, commercial investors search for properties far and wide. See how you can utilise our multi-channel approach, targeting a 20k+ verified commercial buyer database on a state and national level.

Here’s the difference

The results

ll trying to reach commercial property tising your listing at the suburb level on perty portal? yers focused on certain suburbs, rs search for properties far and wide. ilise our multi-channel approach, targeting mmercial buyer database on a state and

National lead-gen EDM program Reach the inbox of over 20k investor subscribers Best in class social media lead-gen Leverage our national first-party investor data InstaDocs Virtual data-rooms for deal tracking

“Both the quality and quantity of investor enquiries we receive through Commercial Ready’s platform is second to none. Initially Lachlan and I didn’t think that a new commercial property portal would make a difference because there have been plenty who have come and gone. But Commercial Ready has created a genuine point of difference by becoming a platform centred on only commercial investments and effectively re-targeting commercial property investors from all across Australia. Commercial Ready Gold Max has become our No.1 mandatory commercial portal for all investment listings and has consistently outperformed their competitors for generating enquiry for our retail investments.”

Michael Feltoe , Joint Managing Director | RWC Retail

Our investor audience includes

“We pay close attention and track ROIs diligently on all platforms we utilise throughout our marketing campaigns for our Retail and Medical assets. Commercial Ready continues to deliver high-quality and unique enquiries which reiterates to us that our clients are getting great value. Where Commercial Ready really excels, is with their strategic listing packages which include their secure InstaDocs Data Room. In addition, their multi-channel approach to reach National prospects with a number of channel touch points including EDM’s and customised social media retargeting for our Gold Max campaigns is a really effective enquiry generator.

I nvestment fund managers Private investors Childcare owners/buyers REIT’s Diversified property fund managers Unlisted property funds Occupiers e.g. (Data Centres, Call Centres, Medical, IT, Trade Sales, Logistics companies, Retail/Convenience groups) HNW medical professionals Development groups

Request a Media Kit for more information

Many top-tier investors regularly engage and enquire on our listings through Commercial Ready.”

or scan QR code CLICK HERE

ia Kit mation

Lachlan O’Keeffe , Joint Managing Director | RWC Retail

If you would like to discuss the market or what your property might be worth, please get in touch.

Michael Feltoe Joint Managing Director RWC Retail mfeltoe@raywhite.com 0447 714 899

Lachlan O’Keeffe Joint Managing Director RWC Retail lokeeffe@raywhite.com 0413 464 137

Disclaimer: The information contained in this report and any other verbal or written information given in respect of the property (“Information”) is provided to the recipient (“you”) on the following conditions: 1. Eagle Street (Retail) Pty Ltd trading as RWC Retail and Commercial Ready Pty Ltd trading as Commercial Ready and or any of its officers, employees or consultants (“we, us”) make no representation, warranty or guarantee, that the Information, whether or not in writing, is complete, accurate or balanced. Some information has been obtained from third parties and has not been independently verified. Accordingly, no warranty, representation or undertaking, whether express or implied, is made and no responsibility is accepted by us as to the accuracy of any part of this, or any further information supplied by or on our behalf, whether orally or in writing. 2. All visual images (including but not limited to plans, photographs, specifications, artist impressions) are indicative only and are subject to change. 3. You should satisfy yourself as to the accuracy and completeness of the Information through your own inspections, surveys, enquiries, and searches by your own independent consultants.

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