Opportunity
IS NOW
On behalf of RWC Northern Corridor Group, Cory Hoy & Fraser Martin are excited to present a rare opportunity to purchase a freehold property in the highly sought-after Greenoaks Drive
This property has a national tenant with turnover approximately $50million annually
Zoned Local Centre for a variety of uses, allowing for a huge variety of potential tenants Situated on 607m² of prime land, the building (approx 260m²) has been renovated.
KEY FEATURES
6 car spaces plus street parking
Multiple lock-up areas
Multiple enclosed and open office spaces
Several storage areas, all lockable
Beautiful back yard for staff
Security cameras throughout
Development potential - previously approved for 3 story retail/office development
Greenoaks Drive is not just popular with owners, rental vacancies here are filled in record time
TENANCY DETAILS
Leased until May 2027 with a 3 year option.
Tenant has been there for over 10 years
NET rental $72,776
Market rent $85K-$90K NET and likely higher when a market review is due in 2027
4% yearly increases
Tenant has no desire to leave
FOR SALE: Expressions of Interest
To learn more about this exclusive investment opportunity or arrange an inspection, please contact exclusive marketing agents Cory Hoy or Fraser Martin.
Cory Hoy
Sales & Leasing Executive
0421 004 484
cory hoy@raywhite com
Fraser Martin
Sales & Leasing Executive
0423 273 438
fraser martin@raywhite com
Executive Summary
Address
136 Greenoaks Drive, Coolum Beach QLD 4573
Legal Description Lot 87 on RP91741
Land Area
607m²*
Building Area 240m²*
Zoning Local Centre Zone
Local Government Sunshine Coast Regional Council
Services
Car Parks
Outgoings
Net Rent
Water, electricity (including 3 phase) and sewerage as well as access to telecommunications
6 on-site car spaces, plus street parking available
$6,413 (recoverable from tenant)
$72,776 p a
Tenant Overview
SimConnect National is Australia’s leading sales, distribution and merchandising group in the telecommunications sector, delivering more than $50 million in annual turnover from three locations - Sydney, Coolum Beach and Darwin with a team of 45 experienced staff
SimConnect supplies major retailers such as IGA and BP service stations Telstra and Boost prepaid products, unlocked mobile phones, mobile accessories, audio equipment and e-scooters Their core customer base is generally regional/rural in nature where major national retailers such as JB-Hi-Fi and Harvey Norman lack a presence
This tenancy represents a financially strong, nationally established tenant with deep retail relationships and a proven ability to drive consistent growth across Australia’s telecommunications market
Tenancy Schedule
136 Greenoaks Drive, Coolum Beach Tenant
Zoning & Overlays
Zone
Land Subject to Flood Hazard Overlay
Height of Buildings & Structures Overlay
Aura - City of Colour
Sales Process
FOR SALE: OFFERS TO PURCHASE
We are pleased to present this opportunity for interested buyers to submit offers for this development site To ensure a smooth and efficient transaction process, we have outlined the following steps for submitting an offer to purchase:
1 Interested parties are encouraged to submit an Offer to Purchase outlining their preliminary terms, including the proposed purchase price and any key conditions This is not a binding document, but it provides an early indication of intent and helps facilitate communication between the buyer and seller
2. Buyers should prepare their formal Offer to Purchase, which must include, at a minimum: Proposed Purchase Price: Clearly state the price you are willing to pay for the property/business/asset
Due Diligence Period: Specify the length of time required to complete due diligence, including any necessary inspections, financing, and regulatory approvals
Payment Terms: Outline the proposed payment structure, including deposit amount, settlement terms, and any financing contingencies
Conditions Precedent: If applicable, detail any conditions that must be met for the transaction to proceed (e g , regulatory approval, third-party consents, etc )
Proposed Settlement Date: Provide a preferred timeline for closing the transaction, taking into account the due diligence and necessary approvals
3. Offers should be submitted in writing and can be sent via email or by hard copy to the designated contact person listed in this Information Memorandum
4 All offers will be reviewed by the seller The seller may enter into negotiations with one or more potential buyers if necessary During this stage, additional information may be shared with interested parties, and clarification of terms may be requested The seller will work to ensure that all parties are given a fair opportunity to refine their offers.
Cory Hoy
Sales & Leasing Executive 0421 004 484
cory hoy@raywhite com
Fraser Martin
Sales & Leasing Executive 0423 273 438
fraser martin@raywhite com
Offer to Purchase
When returning your offer, we kindly ask that you ensure all supporting documents are complete and included to avoid delays.
Property Address
Property Description Size
Firm/Name Telephone
SOLICITORS - PURCHASES
Purchase Price
Term Due Diligence Term
Building & Pest Settlement Date
Offer to Purchase - Continued
This Offer to Purchase is not a legally binding agreement It is intended to outline the general terms proposed for the purchase of the property and is subject to the execution of a formal contract of sale, which will incorporate the final terms and conditions agreed upon by both parties.
PROPOSED PURCHASER(S)
Signature(s)
Full Names(s)
Date Signed
SELLER
Signature(s)
Full Names(s)
Date Signed
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 North 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 b y 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 t o 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