INFORMATION MEMORANDUM 17-25 GREG CHAPPELL DRIVE, BURLEIGH HEADS QLD 4220 Ray White Commercial Robina
CONTENTS
EXECUTIVE SUMMARY
PAGE
THE OPPORTUNITY TENANCIES SITE PLAN
CITY PLAN REPORT BURLEIGH HEADS OVERVIEW EXPRESSIONS OF INTEREST AGENCY CONTACTS DISCLAIMER----
4 PAGE 5 PAGE 7 & 8 PAGE 9 PAGE 10 PAGE 11 PAGE 17 PAGE 18 PAGE 19
EXECUTIVE SUMMARY
PROPERTY ADDRESS
17-25 Greg Chappell Drive, Burleigh Heads QLD 4220
METHOD OF SALE
Expressions of Interest Closing Thursday 3rd November at 4pm
REAL PROPERTY DESCRIPTION
Lot 1 on RP856950
ZONING
High Impact Industry
LAND AREA
7,549m2*
GROSS INCOME
$482,385.00*
FORECASTED GROSS RENTAL
01/01/2023 - $497,337.00*
LEASED UNIT AREAS
2x 175m2, 1 x 187m2, 4 x 215m2, 1 x 217m2
6 x 218m2, 1 x 374m2, 1 x 379m2*
AREA LOCAL GOVERNMENT AUTHORITY
Gold Coast City Council
CURRENT USE - BUILDING AREA
Industrial Warehouses & Workshops
BUILDING AREA
3,675m2*
NET INCOME
$354,865.00*
AVERAGE GROSS $ m2
$131m2 + GST ONSITE CAR PARKS
72
*Approx
Considerable Future Rental Upside
One of the largest Freehold sites in Burleigh Gardens
Significant net income of $354,865 p.a
Diverse lease expiry across 14 tenancies
THE OPPORTUNITY
Tony Stone of Ray White Commercial Robina on behalf of W Freestone Holdings Pty Ltd, is proud to present to you this exceptional Burleigh Heads industrial complex. One of the largest freehold multi-unit land holdings in Burleigh Garden Estate. Comprising 16 units all leased on various terms. Offering the astute purchaser, a prime land holding with significant annual income and attractive rental upside.
This development proudly managed by Ray White Commercial Robina spans 7,549m/2 on a flat rectangular north facing block of prime industrial land, comprising 16 original styled industrial units of brick and Besser block construction with metal clip lock roofing. Over the past few years in particular, when available these units are very well received to the market with strong leasing interest and short days on market.
The property has excellent presence fronting two streets with multiple driveways and vehicular crossings, offering easy access to all units for deliveries. There’s substantial off street hardstand areas for convenient tenant parking. The wide driveways allow for large trucks to circulate freely through the property.
The property offers the following attributes:
• Substantial net income of $354,865 p.a. + GST
• Net lettable area of 3,675m/2 over 14 tenancies
• Significant 7,549m/2 land holding with multiple street frontages
• Diversified lease expiry profile with a substantial rental upside
• Sought after `High Impact Industry’ zoning
• A mix of stable long-standing tenants
• Ample onsite car parking
All tenancies are secured with Commercial Leases in place of various terms. The units present as typical clear span industrial units featuring high bay roller shutters and glass sliding personal access doors. For convenience all units are fitted with their own private bathrooms and kitchenettes. A number of tenancies have mezzanine levels for additional storage or fitted out as offices.
Units 1 & 2
Area - 379m/2
Tenant - Melbourne Nails Pty Ltd
Use - Hardware Supplier
Gross Rental - $51,004.48* + GST
Lease Expiry - Periodic Tenancy
Option - TBC
Units 3 & 4
Area - 374m/2
Tenant - Kiraveck Pty Ltd
Use - Twin Towns Glass and Aluminium
Gross Rental - $42,094.34* + GST
Lease Expiry - 11/02/23
Option - 3 Years
Unit 5 & 6
Area - 433m/2
Tenant - Scammellwood Pty Ltd
Use - Cabinetmaking and Joinery
Gross Rental - $55,617.04* + GST
Lease Expiry - 31/01/23
Option - 1 Year
TENANCY SCHEDULE
Unit 7
Area - 218m/2
Tenant - O & J Enterprises Pty Ltd
Use - Flower Market
Gross Rental - $29,664.00* + GST
Lease Expiry - 28/02/23
Option - TBC seeking 1 + 1 extension
Unit 8
Area - 218m/2 plus Mezzanine Area
Tenant - Equiplink Pty Ltd
Use - Office Electrics Sales & Recycling
Gross Rental - $30,520.00* + GST
Lease Expiry - 15/07/23
Option - N/A
Unit 9
Area - 218m/2
Tenant - Glentrin Pty Ltd
Use - Hospitality Services
Gross Rental - 26,650.29* + GST
Lease Expiry - 31/08/24
Option - N/A
Unit 10
Area - 218m/2 plus Mezzanine Offices
Tenant - Conveyor Belt Man Pty Ltd
Use - Conveyor Belt Installation & Repairs
Gross Rental - $28,340.00* + GST
Lease Expiry - 18/03/23
Option - TBC seeking 2 year extension
Units 11 & 12
Area - 435m/2 plus Mezzanine Offices
Tenant - Muzz Fab Pty Ltd
Use - Automotive Installations
Gross Rental - $53,760.00* + GST
Lease Expiry - 08/12/22
Option - 1 Year
Unit 13
Area - 215m/2
Tenant - Michelle Aziz ta Supreme Screen Printing
Use - Printers
Gross Rental - $29,040.00* + GST
Lease Expiry - 31/12/24
Option - N/A
*Approx
TENANCY SCHEDULE
Unit 14
Area - 215m/2
Tenant - Industrial Steel Fabrications Pty Ltd
Use - Fabrications
Gross Rental - $29,915.32* + GST
Lease Expiry - 17/12/22
Option - 1 Year
Unit 15
Area - 215m/2
Tenant - Rags 4 U Australia
Use - Clothes Recycling
Gross Rental - $30,100.00* + GST
Lease Expiry - Periodic Tenancy
Option - N/A
Unit 16
Area - 187m/2
Tenant - Sumo Build Pty Ltd
Use - Builders / Storage
Gross Rental - $26,425.20* + GST
Lease Expiry - 22/11/24
Option - 2 Years
Unit 17
Area - 175m/2
Tenant - Aerotest Pty Ltd
Use - Aviation Engineers
Gross Rental - $26,250.00* + GST
Lease Expiry - 31/12/22
Option - 1 Year
Unit 18
Area - 175m/2 plus Mezzanine
Tenant - NAB Engineering Pty Ltd
Use - Engineering
Gross Rental - $23,625.00* + GST
Lease Expiry - 17/09/25
Option - N/A
*Approx
2022 / 2023 OUTGOINGS SCHEDULE Caretaking - $8,900.00 Electricity - $400.00 Fire Levy - $500.00 Insurance - $18,000.00 Local Authority Rates: General - $42,500.00 Water - $12,600.00 Management - $24,000.00 Repairs & Maintenance$20,000.00 Administration - $120.00 Pest Control - $500.00 Total - $127,520.00*
SITE PLAN
CITY PLAN REPORT
BURLEIGH HEADS OVERVIEW
The Burleigh Gardens industrial precinct is one of the few locations designated by the Gold City Council for high impact industry zoning specifically for heavy fabrications. The Estate is located just off Reedy Creek Road, conveniently positioned for fast access to the North or South on the M1 or travel East and you’ll arrive at Burleigh Heads beach and the Gold Coast highway in just over 10 minutes.
Known for its laid back atmosphere, Burleigh is home to the Gold Coast’s best beaches, stacks of family friendly areas including local markets, BBQ and picnic areas along the beachfront promenade, and a beautiful national park with walking trails.
The beachy and relaxed environment is one that is much loved by locals in general as well as those who call Burleigh home, making it a very popular weekend and holiday spot. Not just a sleepy town though, head west and you’ll find a major shopping district and industrial hub, with numerous manufacturing, mechanical, wholesale and engineering business.
Property Address: Purchasing Entity: Your Postal Address: Your Phone Number & Email: Purchase Price $ Special Conditions: Deposit $ Signature Date Signature Date PLEASE RETURN TO: Tony Stone tony.stone@raywhite.com 0409 792 650 EXPRESSIONS OF INTEREST Settlement Terms: Purchasers Solicitor: Contact Name: Contact Number:
Tony Stone
Sales & Leasing
0409 792 650 tony.stone@raywhite.com
AGENCY CONTACTS
Nadia Silins
Commercial Administrator
07 5593 2088 nadia.silins@raywhite.com
Natalie McKenzie
Commercial Asset Manager
07 5593 2088 natalie.mckenzie@raywhite.com
Donna Keir
Accounts Administrator
07 5593 2088 donna.keir@raywhite.com
Carol Birrell
Executive Assistant
07 5593 2088 carol.birrell@raywhite.com
Danica Roberts
Contracts Administrator
07 5593 2088 contracts.robina@raywhite.com
DISCLAIMER
The information contained in this Information Memorandum 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. Anibor Pty Ltd ATF The Burgess Unit Trust ABN: 20 969 323 314 trading as Ray White Commercial Robina 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. Any measurement noted is indicative and not to scale. All outlines on photographs are indicative only.
3. The Information does not constitute, and should not be considered as, a recommendation in relation to the purchase of the property or a solicitation or offer to sell the property or a contract of sale for the property.
4. 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, and we recommend that you obtain independent legal, financial and taxation advice. This includes as to whether any listing price is inclusive or exclusive of GST.
5. We are not valuers and make no comment as to value. “Sold/ leased” designations show only that stock is “currently not available” – not that the property is contracted/ settled. If you require a valuation we recommend that you obtain advice from a registered valuer.
6. The Information does not and will not form part of any contract of sale for the property. If an interested party makes an offer or signs a contract for the property, the only information, representations and warranties upon which you will be entitled to rely will be as expressly set out in such a contract.
7. Interested parties will be responsible for meeting their own costs of participating in the sale process for the property. We will not be liable to compensate any intending purchasers for any costs or expenses incurred in reviewing, investigating or analysing any Information.
8. We will not be liable to you (to the full extent permitted by law) for any liabilities, costs or expenses incurred in connection with the Information or subsequent sale of the property whatsoever, whether the loss or damage arises in connection with any negligence, default or lack of care on our part.
9. No person is authorised to give information other than the Information in this Information Memorandum or in another brochure or document authorised by us. Any statement or representation by an officer, agent, supplier, customer, relative or employee of the vendor will not be binding on the vendor or us.
10. To the extent that any of the above paragraphs may be construed as being a contravention of any law of the State or the Commonwealth, such paragraphs should be read down, severed or both as the case may require and the remaining paragraphs shall continue to have full force and effect.
11. You may not discuss the Information or the proposed sale of the property with the vendors or with any agent, friend, associate or relative of the vendor or any other person connected with the vendor without our prior written consent. We accept no responsibility or liability to any other party who might use or rely upon this report in whole or part of its contents.
12. The Information must not be reproduced, transmitted or otherwise made available to any other person without our prior written consent.
