19 Hasking Street, Caboolture

INFORMATION MEMORANDUM

19 HASKING STREET CABOOLTURE QLD 4510 Prepared by Chris Massie Ray White Commercial North Coast Central

THE OPPORTUNITY This multi tenanted commercial premises has an unmatched location in the CBD of the fastest growing shire in the country*.

The property is on the doorstep of the Caboolture Council Chambers and walking distance to Centrelink, the Court house and train station.

Key features of the property include:

• Well established anchor tenant of over 20 years

• $156,791.16 net annual income

• 455m2 NLA on 713m2 freehold lot

• Prominent corner location

• 9 tenancies over two levels

• On site car parking

With an impressive tenancy history and desirable location, this property represents a true “set and forget” investment.

For a full information memorandum including tenancy schedule, please contact Chris Massie on 0412 490 840. *Based on ABS 2014-2015 Regional Migration

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EXECUTIVE SUMMARY The property

19 Hasking Street, Caboolture QLD 4510

Building area

455m2* Net lettable area

Site area

713m2*

Annual income

$156,791.16* net per annum

Method of sale

The Subject Property is being offered for sale by Offers to Purchase Chris Massie

Managing Agent

Ray White Commercial North Coast Central T 1300 25 50 75 M 0412 490 840 E chris.massie@raywhite.com

* Approximately ^ Important: Prospective purchasers conduct due diligence investigations of the property strictly at their own expense and risk, and the vendor will have no liability in relation to such expenses.

Consent by the vendor to the conduct by any potential purchaser of due diligence activities or investigation will not in any circumstance be construed as a representation that the vendor will be exercising, or refraining from exercising its rights to deal with the property, or any representation that the vendor intends to contract with that potential buyer, or at all.

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Subject Property

PROPERTY OVERVIEW

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Address

19 Hasking Street, Caboolture QLD 4510

Real property details

Lot 2 on RP 82311

Title reference

18251129

Services

Water, sewer, power, phone

Local authority

Moreton Bay Regional Council

NLA

Ground Floor: 224.75m2 First Floor: 230m2 Total: 454.75m2

Car parks

11 on site car parks

Court House & Police Station

Council Chambers

Subject Property

Caboolture Train Station

The Hub

Subject Property

4

Car Park

Medical Super Clinic

Centrelink

TENANCY OVERVIEW Unit

Tenant

Area m2

Term

Options

Lease Expiry

Rent Reviews

Net Rent PA

Outgoings

C

Caboolture Law

29

2.5 years

3 years

30/06/2020

CPI

$14,520.00

6%

D

Caboolture Law

86

2.5 years

3 years

30/06/2020

CPI

$34,320.00

19%

106

3 years

3 years

31/08/2020

CPI

$39,126.00

23%

3.75

Month to month

N/A

$1,500.00*

0%

97

3 years

2 x 3 years

CPI

$28,068.00

21%

Vacant – 12 month rental guarantee upon settlement

95

12 months

N/A

N/A

$28,500.00

22%

Burstamp

38

3 years

Nil

N/A

10,757.16

8%

$156,791.16

99%

Ground Floor E1 & E2 Sonic Innovations 3

DX - Storage

A & B2 Lives Lived Well B1 1st Floor 4

Total

29/11/2019

11/11/2018

454.75

* Gross Rent

OUTGOINGS Outgoings

Outgoings

Cost per annum

Cleaning

$5,025.00

Water

$1,631.84

Gardening

$3,728.00

Insurance

$5,464.28

Repair & Maintenance

$1,327.00

Pest

$430.00

$680.00

Fire

$550.00

Plumbing Rates As provided by the Vendor

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Cost per annum

$4,465.76

Management

$7,800.28 Total

$31,102.16

TENANCY INFORMATION

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Tenancy

C – Ground Floor

Tenancy

D – Ground Floor

Tenant

BIIK Pty Ltd

Tenant

BIIK Pty Ltd

Size

29m2

Size

86m2

Rent

$14,520.00* net Per Annum

Rent

$34,320.00* net Per Annum

Lease Term

2.5 Years

Lease Term

2.5 Years

Options

1 x 3 years (2020 – 2023)

Options

1 x Three (3) Years 2020 – 2023)

Lease Commencement

1/01/2018

Lease Commencement

1/01/2018

Lease Expiry

30/06/2020

Lease Expiry

30/06/2020

Increases

CPI

Increases

CPI

Tenancy

E1 & E2 – Ground Floor

Tenancy

A & B2 – First Floor

Tenant

Sonic Innovations Pty Ltd

Tenant

Lives Lived Well Ltd

Size

106m2

Size

97m2

Rent

$39,126.00* net Per Annum

Rent

$32,517.16 Gross Per Annum

Lease Term

3 Years

Lease Term

Three (3) Years

Options

1 x Three (3) years (2020 – 2023)

Options

2 x Three (3) Years (2019 – 2022 & 2022 – 2025)

Lease Commencement

1/09/2017

Lease Commencement

30/11/2016

Lease Expiry

31/08/2020

Lease Expiry

29/11/2019

Increases

CPI

Increases

CPI

Tenancy

B1 – First Floor

Tenancy

4 – First Floor

Tenant

Peter Clowes Smith

Tenant

Stewart Robbins trading as Burstamp

Size

95m2

Size

38m2

Rent

$28,500.00* net Per Annum

Rent

$10,757.64* net Per Annum

Lease Term

12 Months

Lease Term

3 years

Options

NIL

Options

NIL

Lease Commencement

Upon settlement of Sale Contract

Lease Commencement

12/11/2015

Lease Expiry

12 Months from settlement

Lease Expiry

11/11/2018

Increases

NIL

Increases

CPI

THE HUB CABOOLTURE “The Caboolture Hub is the Moreton Bay Region’s destination for learning, business and imagination. The $25 million Moreton Bay Regional Council facility has transformed the Caboolture CBD into a thriving civic precinct with modern community and cultural facilities, cafe dining and business and learning opportunities. The state-of-the-art Caboolture Hub boasts 3,000 square metres of library space, and a further 2,000 square metres dedicated to a learning centre, regional art gallery as well as business seminar, training and meeting spaces making it the largest facility of its kind in the Moreton Bay Region.” www.moretonbay.qld.gov.au

Caboolture Hub

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CABOOLTURE WEST MASTER PLAN “Caboolture West is the new proposed location for the region’s next Master Planned residential community. The site has been declared as a Master Plan area by the State Government and work is underway on the planning framework. Council is presently in discussions with the State Government regarding the provision of infrastructure to service the development.

It is anticipated that the area would have a 40-year development horizon and would ultimately accommodate up to 70,000 new residents. The area would include up to seven new suburbs, three high schools, nine primary schools and new commercial and industrial areas. The net benefit to the community from the development is expected to be in excess of $10 billion.”

Caboolture West Declared Master Planned Area

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PHOTOS

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SALES PROCESS The property will be sold via Offers to Purchase Contract for sale A contract of sale is available upon request.

Property documentation Additional property information pertaining to leases and outgoings is available upon request.

CHRIS MASSIE chris.massie@raywhite.com 0412 490 840

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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:

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1. C ecil Healy Pty Ltd trading as Ray White Commercial North Coast Central 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. I nterested 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. N o 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.

ANNEXURE A – SMARTMAP

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ANNEXURE B - LETTER OF OFFER Address: 19 Hasking Street, Caboolture QLD Property Description: Lot 2 on RP82311 SUBMIT TO: Attention to

Chris Massie Ray White North Coast Central

Phone

0412 490 840

Email

chris.massie@raywhite.com

Address

PO Box 840 Mooloolaba QLD 4557

1. INTERESTED PARTY’S DETAILS Person or company name

ACN or ABN (If Applicable) Address Contact Person Phone Fax Email 2. INTERESTED PARTY’S SOLICITORS DETAILS Firm Name

Contact Person Address Phone Fax Email

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3. PRICE (EXCLUSIVE OF GST) Purchase Price 4. SETTLEMENT DETAILS Settlement Period 5. FINANCE (IF REQUIRED) Period Days 6. DEPOSIT Deposit 7. SPECIAL CONDITIONS

8. ACKNOWLEDGMENT I/we acknowledge that:

(a) I/we have completed sufficient independent examination, investigation and inspection of the Property as I/we consider appropriate prior to submitting an Offer to Purchase; (b) The Vendor may at any time (in their discretion) alter or discontinue the process of the sale of any or all of the Property and, if they do so, the Vendor will not incur any liability whatsoever to any interested Party; (c) The Vendor reserves the right to call upon me/us to provide evidence of my/our ability to complete the purchase.

Dated this...........................................................

Day of..............................................................................2018

Signature............................................................

Prepared by Ray White Commercial North Coast Central | raywhitecommercialnorthcoastcentral.com