22 sunshinecoastdaily.com.au Thursday, June 2, 2016

NEW ROYAL HOTEL

• Hotel in Major Outback Tourism Area• Hub of the Central Queensland Gemfields

• “Billy Boulder” Stone and Log Construction• 15 Gaming Machines • Bar, Dining & Beer Garden

• 4 Accommodation Cabins

Andy Nason0412 167 873

VERY PROFITABLE Keen Vendor

www.powerjeffery.com.au

HOTEL BROKERSAUCTIONEERS& VALUERS

RUBYVALE

Offers to PurchaseClosing Thursday 16 June 2016 4pmAssi Dadon 0415 598 588raywhitecommercial.comProperty ID 1452565 *approx.Ray White Commercial GC South

RWC6

86

Murwillumbah HotelMurwillumbah 17-23 Wharf StreetFreestanding two storey hotel with retail componentoffered for sale and comprising the following:• Land area 1,650m2* zoned Commercial• NLA 1,534m2*• Seven retail shops, bar and 17 hotel rooms• Multi-tenanted investment with net income of $315,000*• Suit investors and pub operators

Outline Indicative OnlyOutline Indicative Only

Outline Indicative OnlyOutline Indicative Only

REAL ESTATE

THE embattled PortHinchinbrook Resort andMarina in North Queenslandis set to be revitalised andtransformed into a $450million tourism drawcardunder ambitious plans by itsnew owners.

Private Australiansyndicate The PassageHoldings, linked to Americanbusinessmen Lewis Cohenand Stephan Pinto, tookpossession of the resort andmarina last year and ispreparing to settle on its$3 million acquisition fromliquidator FTI Consulting.

It now plans to transformPort Hinchinbrook into oneof Australia’s finest,safe-haven marinadestinations, with a 10-yearstaged masterplan to includerebranding the property asHinchinbrook Harbour andResort.

Port Hinchinbrook, whichis just south of Cardwell and

182km south of Cairns, wasfirst developed by the lateGold Coast developer KeithWilliams in the 1990s as anaccess point to theCassowary Coast and nearbyHinchinbrook Island.

The Hinchinbrook IslandResort closed in 2010, whilethe commercial tenancies atPort Hinchinbrook wereclosed in 2011, as a result of

extensive damage caused byCyclone Yasi in Februarythat year.

The property then fell intothe hands of liquidators FTIConsulting after the collapseof Williams Corporation in2013.

Architects DBI Designhave now been hired to workon the new masterplan forthe resort, which will include

a $45 million internationalfishing village, new marina,family resort, water themepark, 300-site motorhomepark, campgrounds,backpacker accommodationand waterfront residentiallots and apartments.

The Passage Holdings hasalready spent $4 million onimprovements at the resort.

Pinto says this includes$500,000 on restoring thesewerage treatment plant,$750,000 on masterplandesigns and consultation,and more than $2 million onthe grounds and marinavillage, commercial building,street lighting and publicaccess.

Economic analysis byMacroPlan Dimasi estimatesthe project will pump some$1 billion into the CassowaryCoast economy during the10-year construction phase –$400 million directly and afurther $654 millionindirectly.

— REA

BIG PLANS: Private Australian syndicate The Passage Holdingsplans to transform Port Hinchinbrook into one of Australia’sfinest, safe-haven marina destinations. PHOTO: CONTRIBUTED

$450m revamp planGemma Westacott

ADJOINING commercialsites featuringwarehouse/office buildingsin a popular industrial/retailprecinct at Brendale onBrisbane’s north side havebeen sold by Ray WhiteCommercial for $2.745million.

The vacant properties at49 and 51 Kremzow Rd,Brendale, were soldpost-auction to separateowner occupiers by DanCostello and John Dwyer ofRay White Commercial(Queensland) on behalf of a

deceased estate.Mr Costello said 51

Kremzow Rd – which offereda building area of about1623 sqm on a 2745sq m site –was purchased by UV4X4(Ute Van and 4X4accessories) for $1.42 million.

He said 49 Kremzow Rd –an about 2740sq m land areawith an about 1231sq mbuilding – was sold to acommercial shop fittingbusiness for $1.325 million.

Further inquiries to MrCostello on 0417 733 470 orMr Dwyer on 0439 034 010.

POST-AUCTION SALES: Properties at 49 and 51 Kremzow Rd,Brendale, were sold for a total of $2.745 million.

PHOTO: AERIAL HOTSHOTS

Commercial sitessold in busy hub

LEADING New Zealandfashion label AugustineInternational is opening itsfirst Australian store inHastings St at Noosa Heads.

Augustine has secured aprominent corner position inthe 46sq m tenancy at Lot 8,41 Hastings St, Noosa Heads,in a deal negotiated by RayWhite Commercial Noosa &Sunshine Coast NorthDirectors Paul Butler andPaul Forrest.

Mr Forrest said Augustine,which is owned by Kelly andNathan Coe, is taking overthe tenancy previouslyoccupied by swimwearretailer Pain de Sucre, whohave relocated to DoubleBay in Sydney.

“This was a highly

sought-after shop and wasonly listed for approximatelytwo weeks before a deal wasstruck with the new tenant,”he said.

“It’s exciting that Kellyand Nathan have chosenNoosa’s iconic Hastings Sttourist precinct for their firstAustralian store, which will

be opening in mid-June.”Mr Butler said the low

Australian dollar, record lowinterest rates and strongvisitor numbers are allfactors contributing toincreased confidence inNoosa Heads.

“Hastings St has certainlyenjoyed resurgence over thepast year or so with anumber of new successfulbusinesses commencing andthe major refurbishment ofthe Seahaven Resort Noosaand the upgrade of TheSheraton,” he said.

“The $3798 per sqm netrent reflects the quality ofthe Hastings St location.”

Further inquiries to MrButler on 0418 780 333 or MrForrest on 0408 985 254.

Fashion label opens first Aussie store

TOURISM HUB: Augustine will take over the tenancy previouslyoccupied by retailer Pain de Sucre. PHOTO: CONTRIBUTED

Thursday, June 2, 2016 sunshinecoastdaily.com.au 23

For sale by offers to purchase closing Wednesday, 8 June at 4pm

Moranbah investmentopportunity – Central Qld33 Bacon Street, Moranbah QLD• Centrally located in the township of Moranbah• Currently tenanted by “Moranbah Mechanical & Towing”• Leasehold Land• 61.3m* frontage to Bacon Street

Information Memorandum available upon request

07 4921 2347Pat O’Driscoll 0418 792 571 View at KnightFrank.com.au/2921806

*Approx

MM

0923

90

For sale by expressions of interest closing Tuesday, 21 June at 4pm

Development sitePart 65A–65C Stadium Dr, Coffs Harbour NSW• 2.1 hectares* of R2 Residential Land• DA Approved for 47 attached dwellings• 12 Stage approval providing delivery timeframe flexibility• Scenic outlook close to new medical facilities, University, TAFE and sporting grounds

02 4920 5700Michael Boom 0410 764 599Ross Cooper 0423 761 955View at KnightFrank.com.au/2943569

*Approx

MM

0938

84

Boundary indicative only

Multi-Tenanted Commercial InvestmentDalby 90 Cunningham Street• Three well positioned main street freehold shops• Three tenants in place• 502m2* land and 342m2* building• Net income $58,071 p.a.*

Expressions of InterestClosing Thursday 23 June 2016View By appointmentAndrew Kirtley 0400 598 866Brian Laverty 0405 601 816raywhitecommercial.comProperty ID 1473194 *approx.Ray White Dalby

RWC6

77

Commercial Property

REAL ESTATE

this site for some time.”Mr Petralia said with 2

Chillies vacating, CottonDiva was presented to the

property’s owner as apotential new tenant.

Further inquiries to MrPetralia on 0414 812 719.

WOMEN’S fashion retailerCotton Diva is spreading itswings on the Sunshine Coastand has opened a new retailstore in the Sea Pearl Resortat Mooloolaba.

Cotton Diva has leased a62sq m retail tenancy atShop 5, 87 Mooloolaba Esp ina deal negotiated by JohnPetralia of Ray WhiteCommercial Noosa andSunshine Coast North.

Cotton Diva has had along standing presence inHastings St at Noosa Heads.

“Cotton Diva is expandingits presence and moved intowhat have been theswimwear retailer 2 Chilliespremises in the Sea PearlResort,” Mr Petralia said.

“2 Chillies has shiftedtheir business model aftertrading successfully from

NEW OUTLET: Cotton Diva has leased a shop in the Sea PearlResort at Mooloolaba. PHOTO: CONTRIBUTED

Cotton Diva branches out

THE sale of a freestandingretail building in theBrisbane CBD has set a persquare metre record.

The deal had a privateSingaporean investor snapup the building at 105Elizabeth St for $6.5 million –equivalent to a sale rate of$23,298 per square metre ofnet lettable area (NLA).

That figure sets aBrisbane CBD record forretail assets outside ofQueen Street Mall.

The deal for the building,which is situated directlyopposite the Myer Centreand one street parallel toQueen Street Mall, is alsothe Singaporean investor’sfirst foothold in Australia,with them attracted by thestrong long-termfundamentals of theBrisbane market.

CBRE director and head ofBrisbane metropolitan sales,Mike Walsh, said the sale viaan expressions of interestcampaign generatedsignificant interest, withmore than 120 inquiries.

“More than half of theinquiries originated frominterstate and overseasparties, who were attractedto the long-term growthoutlook for the CBD and thecomparatively attractivereturns on offer inBrisbane,” Mr Walsh said.

“Six offers weresubmitted, including threeoverseas bids,” he said.

“What was interesting tonote was the cleardistinction between domesticand offshore pricing, withthe average offshore bidbeing 10% higher than theaverage domestic bid.”

The property’s primelocation was one of the key

drawcards, with the buildingless than 150m from thefuture Queens Wharf CasinoPrecinct.

CBRE associate directorAndrew Adnam said only 14freestanding propertiesunder $10 million hadtransacted on Elizabeth St inthe past 20 years.

“The sale provided a rareopportunity to secure afoothold in a prized locationthat has significant ongoingappeal for city retailtenants,” Mr Adnam said.

The two-level 279sq mbuilding is on a 516sq m site.

It is fully tenanted, withthe current passing netincome of about $384,827 patranslating to an initial yieldon the sale of 6.09%. Tenantsare skin care and health foodretailer Sini Care anddessert bar and high teafranchise Passion Tree Cafe.

— REA

BAR RAISED: A Singaporean investor’s purchase of 105 Elizabeth St, Brisbane, for $6.5 millionhas set a new per square metre record for the CBD. PHOTO: CONTRIBUTED

Record set forBrisbane CBD

Gemma Westacott

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.

Published across 14 lucrative markets from Mackay to Coff s Harbour, Commercial Property covers trends, hotspots, returns, personalities, and local and state sales information, delivering an essential guide for the investor.

This integrated on and offl ine media platform represents a unique proposition for advertisers and investors - a network providing maximum reach across newspapers, websites and mobile with a truly regional focus.

Daily Mercury | The Queensland TimesThe Morning Bulletin | The Chronicle | The Observer Warwick Daily News | NewsMail | Tweed Daily News Fraser Coast Chronicle | The Daily Examiner The Gympie Times | The Northern Star Sunshine Coast Daily | The Coff s Coast Advocate

Reach Far and Wide in the Commercial Property Guide

ONE LOCAL TO ANOTHER

Source: emma™ conducted by Ipsos MediaCT, People 14+ for the 12 months ending March 2015 ^APN distribution areas #ABC Jan-Mar 2015 and CAB Oct 2014 - Mar 2015; Net weekly circulation †Omniture SiteCatalyst May 2015; ARM network

Distribution AreaQueensland and Northern New South Wales

MACKAY

Cairns

Mt IsaProserpine

Barcaldine

Charleville

Cunnamulla

Byron Bay

ROCKHAMPTON

GLADSTONE

BUNDABERGHERVEY BAY

MARYBOROUGH

GYMPIE

SUNSHINE COAST

BRISBANEWARWICK

IPSWICH

GRAFTON

COFFS HARBOUR

TWEED HEADS

Roma

Moranbah

Whitsunday Islands

TOOWOOMBA

QLD

NSW

BUNDABERG

GYMPIE

Moranbah

HH

MM

WICK

IPSWICH

GG

MBA

To advertise in the Commercial Property guide, contact Brisbane 07 3327 3333 | Sydney 02 9936 8652 | Melbourne 03 9864 1507Email commercialadvertising@apn.com.au

CIRCULATION

161,181#DESKTOP UV’S

1,677,070†MOBILE UV’S

1,750,819†

503,000 Pairs of Eyes on Your Commercial Property

READERSHIP

503,000* + + +