INFORMATION MEMORANDUM - 215-217 First Avenue BONGAREE

ONSITE AUCTION 10AM 23 FEB 2019

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ST B SOL E D

INFORMATION MEMORANDUM

215-217 FIRST AVENUE BONGAREE QLD 4507 Prepared by Chris Massie Ray White Commercial Northern Corridor Group

THE OPPORTUNITY Ray White Commercial Northern Corridor Group is pleased to offer 215-217 First Avenue, Bongaree for sale by way of on-site Auction at 10am, Saturday 23 February 2019.

Features include: FEATURES: • 2,034m2* fully fenced hardstand • 125m2* warehouse with air-conditioned office • 75m2* Carport • Kitchenette & toilet facilities • Duel drive-way access • High Exposure to First Avenue For further information or to arrange an inspection, please contact Chris Massie * Sizes are approximate and may be subject to change.

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EXECUTIVE SUMMARY The property

215-217 First Avenue, Bongaree

Property description

Lot 6 & Lot 23 on B63247

Title Reference

18826120 & 18789232

Zoning

Industry

Local Authority

Moreton Bay Regional Council

Building Area

125m2* office & warehouse

Land Area

2,034m2* (1,017m2* each lot)

Sale Method

On Site Auction - 10:00am 23 February Contract available upon request

Chris Massie COMMERCIAL PRINCIPAL M 0412 490 840 E chris.massie@raywhite.com Marketing Agent

Chris Massie is a renowned and respected sales and leasing agent, known as an authority on commercial and industrial properties across the Moreton Bay Region. He has an innate ability to guide his clients, both buyers and sellers, throughout the sales process in commercial real estate.

He joined Ray White Commercial after working in the special projects division for a national civil company and has established himself as a dominant presence in the Moreton Bay Region over the last ten years. His unmatched stock knowledge and ‘boots on the ground’ work ethic sees him consistently ranked in the top 20 Ray White agents in the country.

* Sizes are approximate and may be subject to change.

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OUTGOINGS 215 FIRST AVENUE (LOT6) RATES

$2,629.56* per annum

WATER

$1,616.02* per annum

TOTAL

$4,245.58* per annum

217 FIRST AVENUE (LOT23) RATES

$2,926.96* per annum

WATER

$974.44* per annum

TOTAL

$3,901.40* per annum

Total outgoings across both lots $8,146.98* * Approximate

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REGION PROFILE The Moreton Bay Region is the fastest growing shire in Australia REGIONAL MIGRATION 2014/2015 Arrival no.

Departure no.

Net no.

Moreton Bay (QLD)

27823

22225

5598

Wyndham (Vic)

16085

11325

4760

Sunshine Coast (QLD)

20840

16108

4732

Gold Coast (QLD)

30637

26145

4492

Whittlesea (Vic)

11938

8270

3668

Carinia (Vic)

8508

5643

2865

Casey (Vic)

20235

17598

2637

Melton (Vic)

9937

7407

2530

Camden (NSW)

6522

4035

2487

12083

9636

2447

Swan (WA)

Total outgoings across both lots $8,146.98* * Approximate *Australian Bureau of Statistics

The Moreton Bay Region comprises the former Caboolture and Pine Rivers Shires, and Redcliffe City, and covers 2,037 square kilometers. The Australian Bureau of Statistics shows as at 2014 the region had a population of 417,137 persons, the third largest local government population in Australia (following Brisbane and the Gold Coast). The urban corridor extending from Brisbane City in the south to the Sunshine Coast to the north is expected to grow by approximately 300,000 people over the next 20+ years. The Moreton Bay Region is expected to accommodate at least half of this projected growth.

Moreton Bay Region - Population 500,000

PEOPLE

375,000

375,000

125,000

0 YEAR 2001

2002

2003

2004

2005

www.economicprofile.com.au/moretonbay/trends/population

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2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

Woorim Beach Bribie Island Storage Solvers

Bribie Cinema

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Physiotherapy

SUBURB PROFILE Bribie Island is a coastal paradise that offers not only the closest surf beach to Brisbane but also protected sailing and fishing in Pumicestone Passage. Bribie Island is predominantly National Park and Marine Park and is characterised by a relaxed lifestyle and enjoyable sub-tropical climate.

Bribie Island is 45km from Brisbane’s CBD and some 17km from the Bruce Highway, the main north-south arterial route connecting Brisbane to the Sunshine Coast. The Island is approximately 34km long and up to 8km wide.

Bribie Island’s wetland areas, heath, coastal forest and beaches are largely protected within the Bribie Island National Park. In fact, less than 20% of the Island can be built upon.

The tranquil waters of Pumicestone Passage are a sanctuary for dolphins, turtles, dugongs and migratory birds. Pumicestone Passage extends north to Caloundra, and much of it is a Marine Park. https://www.homely.com.au/bribie-island-queensland

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Bribie Island is also only a short cruise from some of Queensland’s best fishing and game fishing grounds off Moreton Island. The Moreton Island resort of Tangalooma is also within easy reach, as are some of Queensland’s best diving spots such as Flinders Reef. Ocean access is quick and safe, with no treacherous bars to navigate.

According to the latest figures from the Australian Bureau of Statistics (ABS), a little over 20,000 people currently live on Bribie Island, however, 84% of the island is protected from development and this limit to development dictates a natural population cap of around 30,000 people, meaning that Bribie Island will never become as crowded as the Gold Coast or Sunshine Coast.

In addition to the 20,000 permanent residents, up to an additional 1,100 people at any one time visit the Island.

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. N orth Coast Commercial Properties Pty Ltd trading as Ray White Northern Corridor Group 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.

OUR TEAM

MORETON BAY

SUNSHINE COAST

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

MICHAEL SHADFORTH COMMERCIAL PRINCIPAL 0488 981 076 michael.shadforth@raywhite.com

ASHLEY REES SENIOR PROPERTY ANALYST 0411 707 410 ashley.rees@raywhite.com

JULIE RYAN MAJOR ASSET SALES 0447 445 453 julie.ryan@raywhite.com

WARWICK PETERS SENIOR BUSINESS BROKER 0412 234 231 warwick.peters@raywhite.com

EMILY PENDLETON SALES & LEASING EXECUTIVE 0402 435 446 emily.pendleton@raywhite.com

AARON CANAVAN SALES & LEASING EXECUTIVE 0447 744 948 aaron.canavan@raywhite.com

JORDAN HAYES SALES & LEASING EXECUTIVE 0417 999 331 jordan.hayes@raywhite.com

BLAKE PRIMROSE SALES & LEASING EXECUTIVE 0423 555 043 blake.primrose@raywhite.com

JASON WRIGHT ASSET MANAGEMENT SPECIALIST 0451 497 368 jason.wright@raywhite.com

PINE RIVERS

BROCKE HAMBRECHT SALES & LEASING EXECUTIVE 0466 599 724

TREVOR NELSON-JONES SALES & LEASING EXECUTIVE 0407 736 521 trevor.nelson-jones@raywhite.com

raywhitecommercialnortherncorridorgroup.com.au

JUMA MARSTELLA SALES & LEASING EXECUTIVE 0450 360 321 juma.marstella@raywhite.com

PETER LAURENT SALES & LEASING EXECUTIVE 0429391675 peter.laurent@raywhite.com

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