Additional Information | 2/526 Maroochydore Road, Kunda Park | Ray White Commercial

A D D I TI O N A L V A L U E 2/526 MAROOCHYDORE ROAD KUNDA PARK, QLD 4556

R AY W H I T E C O M M E R C I A L NORTHERN CORRIDOR GROUP

LOCATION The asset is located in a busy and essential industrial hub of Maroochydore Road which plays a key role in servicing the centre of the Sunshine Coast. With the Sunshine Coast population growth heading to half a million over the next 20 years, and the focus on the new Maroochydore CBD, Maroochydore Road is going to continue servicing the heart of the Sunshine Coast. This is supported by the upgrades that are soon to commence on the Nambour interchange over the Bruce Highway.

Servicing the Sunshine Coast

Maroochydore Road

INFRASTRUCTURE INVESTMENTS As noted below, there has been substantial infrastructure upgrades added to the improvement of the building to accommodate a large-scale food production facility. With over half a million dollars of value, these improvements not only add to the value of the building but also a commitment by the tenant. The infrastructure is owned by the landlord and will pass over with the sale. All services and maintenance of the equipment is performed by the tenant at their cost. $500k Improvements COSTS FOR FITOUT BUILDING 2 526 MAROOCHYDORE RD KUNDA PARK Buderim IAC NCP Flooring Firepak Air Electrical Plumbers Specialist BUILDING 2 TENANT GLUTEN FREE

COST OF FREEZER ROOM BUILDING 2 AS AT 30.12.2008

24782

36142

38090

25045

2241

Builder

Sundry

TOTAL

G Latcham

9677

5892

141869

492000

RENTAL EVIDENCE COLDROOM FACILITY Rental evidence shows that there is room for growth in the property upon market review at the end of the current lease term. Given the yield on this property is already high, the increase in rental growth from $125m2 to$150m2 would see a substantial increase in rental income.

422-470 Lytton Road, MORNINGSIDE QLD SIZE: 2,855m2 Industrial/Cold Storage TYPE: FOR LEASE STATUS: $175m2 Net RATE: SUMMARY: The subject property provides a fully racked (3,000 pallets) cold storage facility with 3 loading docks each with hydraulic levellers

1 Lahrs Road, ORMEAU QLD SIZE: 9,590m2 Industrial/Cold Storage TYPE: LEASED STATUS: $212m2 Net RATE: SUMMARY: The subject property provides a custom cold storage facility, comprising of 490m2 office space, 6,010m2 of freezer, 2,040 temperature controlled processing room, 570m2 warehouse

160 Benjamin Place, LYTTON QLD SIZE: 1,312m2 Industrial/Cold Storage TYPE: LEASED STATUS: $239m2 Net RATE: SUMMARY: The subject property provides purpose built facility for Seafoods Pty Ltd, 912m2 freezer/warehouse

SALES EVIDENCE COLDROOM FACILITY

104 Mica Street, CAROLE PARK QLD 1,725m2 SIZE: 7,664m2 LAND: Industrial/Cold Storage TYPE: SOLD STATUS: $4,150,000 PRICE: $2,405m2 RATE: SUMMARY: The subject property offered 7,664m2 industrial land holding, 22% site coverage offering expansion, three loading docks

108 Freight Street, LYTTON QLD 2,483m2 SIZE: 8,820m2 LAND: Industrial/Cold Storage TYPE: SOLD STATUS: $11,150,000 PRICE: $4,490m2 RATE: SUMMARY: The subject property offered 3,600 pallet capacity, 6 loading docks with levelers, on site fuel and weigh bridge and huge freezer capacity.

160 Benjamin Place, LYTTON QLD 1,312m2 SIZE: 2,440m2 LAND: Industrial/Cold Storage TYPE: FOR SALE STATUS: $4,350,000 PRICE: $3,315m2 RATE: SUMMARY: The subject property provides purpose built facility for Seafoods Pty Ltd, 912m2 freezer/warehouse

3/28-34 Nevilles Street, UNDERWOOD QLD 851m2 SIZE: 843m2 LAND: Industrial/Cold Storage TYPE: FOR SALE STATUS: UNDISCLOSED PRICE: N/A RATE: SUMMARY: 3 freezer rooms totalling 225m2, on site amenities, offices

30 Production Street, SVENSSON HEIGHTS QLD SIZE: LAND: TYPE: STATUS: PRICE: RATE: SUMMARY:

1,456m2 4,000m2 Industrial/Cold Storage SOLD $1,600,000 $1,098m2 330m2 cold room, hardstand

14 Tombo Street, CAPALABA QLD 560m2 SIZE: 1,045m2 LAND: Industrial/Cold Storage TYPE: SOLD STATUS: $2,100,000 PRICE: $3,750m2 RATE: SUMMARY: Leased to Leonards Chicken, ​Net Income - $153,830 pa + GST (as at October 2019) 7/2 Industry Place, CAPALABA QLD SIZE: LAND: TYPE: STATUS: PRICE: RATE: SUMMARY: waste

162m2 162m2 Industrial/Cold Storage SOLD $508,000 $3,135m2 30m2 freezer, drainage with trade

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

MORETON BAY

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

CHRIS MASSIE DIRECTOR - COMMERCIAL PRINCIPAL 0412 490 840 Chris.massie@raywhite.com

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

THOMAS BROWN NATIONAL RETAIL INVESTMENT SERVICES 0434 186 767 thomas.brown@raywhite.com

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

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

BLAKE PRIMROSE SALES & LEASING ASSOCIATE 0423 555 043 Blake.primrose@raywhite.com

DAVID GOLDSWORTHY SALES & LEASING ASSOCIATE 0481 996 794 david.goldsworthy@raywhite.com

AIDAN MUDGE SALES & LEASING ASSOCIATE 0423 791 835 aidan.mudge@raywhite.com

SAMUEL HOY SALES & LEASING ASSOCIATE 0423 795 273 samuel.hoy@raywhite.com

MICHAELA WEBB PERSONAL ASSISTANT TO CHRIS MASSIE 0409 202 066 michaela.webb@raywhite.com

BROCKE HAMBRECHT SALES MANAGER & AUCTIONEER 0466 599 724 brocke.hambrecht@raywhite.com

PINE RIVERS

PINE RIVERS

SUNSHINE COAST

ONE TEAM - FOUR LOCATIONS

ROB DAWSON SALES & LEASING ASSOCIATE 0422 786 205 rob.dawson@raywhite.com

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

SEAN SKEFFINGTON SALES & LEASING ASSOCIATE 0422 587 143 sean.skeffington@raywhite.com

CHRISTINE FRENEY SALES & LEASING EXECUTIVE 0432 170 380 christine.freney@raywhite.com

GUY UPCHURCH DIRECTOR OF ASSET MANAGEMENT 0410 614 240 guy.upchurch@raywhite.com