IM - 16 Farrell Street, Yandina | Ray White Commercial Northern Corridor Group

I NF OR MA T I ON ME MOR A ND UM 1 6 F A R R E L L S T R E E T, Y A N DI N A Q L D 4 5 6 1

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

CONTE NTS

03 | The Opportunity 04 | Executive Summary 04 | Tenancy Schedule 12 | Sunshine Coast Major Projects 13 | Disclaimer

THE OPPORTUNITY

Christine Freney and Emily Pendleton from the Ray White Commercial Northern Corridor Group are pleased to present to market the unique opportunity to purchase two freestanding buildings in the heart of Yandina with dual income. The property is positioned on a prominent corner in the heart of Yandina with huge exposure. Yandina is a central town just north of Nambour. It attracts both locals and tourists to the busy hub and offers an abundance of local crafts and produce.

FEATURES: • • • • • •

526m2 land area Town centre zone with approvals for residential Positioned on a sub arterial road leading through Yandina connecting to Old Gympie Road Well established Cafe with loyal clientele, outside dining with the bonus of a beautiful private courtyard Beautiful residential property with two tenants Strong return with secure leases

For further information please contact the marketing agents Christine Freney or Emily Pendleton.

CHRISTINE FRENEY 0432 170 380

SALES & LEASING EXECUTIVE christine.freney@raywhite.com

* Approximate

EMILY PENDLETON 0402 435 446

ASSOCIATE DIRECTOR emily.pendleton@raywhite.com

EXECUTIVE SUMMARY ADDRESS

16 Farrell Street, Yandina QLD 4561

REAL PROPERTY DETAILS

Lot 1 on RP51718

LAND AREA

526m2

BUILDING AREA

359m2

LOCAL AUTHORITY

Sunshine Coast Council

ZONING

Local Centre Zone

FOR SALE

OFFERS OVER $1,200,000

MARKETING AGENTS

CHRISTINE FRENEY 0432 170 380

SALES & LEASING EXECUTIVE christine.freney@raywhite.com

TE NANCY SCHE DUL E TENANCY TENANT

LEASE END

LEASE TERM OPTIONS RENT + GST

1

Cafe

6/30/2023

3 years

2 x 3 years $36,200.00

2

Ladies Clothing Shop 9/12/2024

3 years

3 years

$21,272.73

3

Hairdresser

10/17/2024 3 years

3 years

$21,272.73

TOTAL

* Land tax not included in outgoings * Approximate

$78,745.46 ANNUAL OUTGOINGS

$12,000.00*

NON- RECOVERABLE OUTGOINGS

$2,400.00*

E M I LY P E N D L E T O N 0402 435 446

ASSOCIATE DIRECTOR emily.pendleton@raywhite.com

OUTGOINGS WATER

* Approximate

$3,400.00*

RATES

$4,800.00*

INSURANCE

$3,800.00*

TOTAL

$12,000.00*

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SU N SH I N E C O A ST Q UE E N S L A N D MAJOR PR OJECT S - R EGIONAL ECONOMIC D EVEL OP MENT

SUNSHINE COAST AIRPOR T MAJ O R E X PANS ION PR OJE C T $225 MILLION The airport expansion project will deliver a brand new 2450m x 45m runway, runway-end taxiway loops, an expanded apron and terminal facilities, new access roads and utilities.

The project will enable direct flights to more destinations across Australia, Asia and the Western Pacific, enhancing national and global connections. It will generate jobs and economic growth, boost tourism, help export businesses and secure air access to the Sunshine Coast.

The airport expansion will have the increased capacity to attract up to 2 million more passengers annually by 2040.

B R U C E H I G H WAY E X PANS ION & U P G RA D E $ 1 .6 BILLION The upgrade will deliver critical safety benefits to motorists, improve efficiency and reduce traffic congestion, and ensure the highway can cater for future traffic growth.

The upgrade is vital for the continued development of the Sunshine Coast and with its increased capacity, the highway will provide safer and more efficient travel for commuters and industry along this stretch.

The upgrade will separate long distance traffic from local traffic movements, allowing the highway to function as a highspeed, high-volume corridor.

THE BRI GHT CITY N E W COAS T CITY CENTR E With world-class innovative design at its core, the new Maroochydore city centre of the Sunshine Coast is set to become the epicentre of commerce, technology, innovation, entertainment and inner-city living.

Designed for the 21st Century, this ground-breaking development will be embedded with smart technology throughout, to create a cleaner more, dynamic city centre that’s not only desirable and liveable; it will have a transformative impact on the region’s economy.

SUSHINE COAST UNIVERSITY HOSPITAL $1.8 BILLION Sunshine Coast University Hospital (SCUH) is a tertiary, teaching hospital servicing all parts of the Sunshine Coast and Gympie regions.

SCUH saw its first patients on 21 March 2017 and was officially opened on 19 April 2017 by the Queensland Premier and Minister for Health and Minister for Ambulance Services.

SCUH opened with about 450 beds, with plans to grow to 738 beds by 2021. Services and capacity at SCUH will continue to develop over the coming years.

SOLAR FARM R E N E W A B L E E N ERGY INVES TMENT $ 1 0 MILLION INVESTME N T Sunshine Coast Council’s solar farm is assisting the transition to renewable energy that 40,000+ Sunshine Coast households have already made with rooftop solar arrays (add all the solar rooftops together and the Sunshine Coast has 124MW solar capacity – data from Energex).

The Sunshine Coast Council hopes to leverage the solar farm to develop a ‘Clean Tech’ hub in the region. This hub provides opportunity to further develop this industry sector, encourage increased external investment in the region, and help drive increased and sustainable employment.

LIGHT RAIL PROJ ECT N E W LIGHT R AIL $2 BILLION INVESTMENT Mass transit is one of the major game-changing projects spearheading council’s plans to sustain the Coast’s prosperity, lifestyle and natural assets into the future.

Sunshine Coast Council light rail project has been identified as a future pillar of the region’s public transport system with its population expected to grow to 560,000 by 2041. The light rail project, proposed to run between Maroochydore and Caloundra, would be up and running within a decade.

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 f ollowing 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. S ome information has been ob tained from third parties and has no t been independen tly verified. Accordingly, no warranty, representation or undertaking, whether express or implied, is made and no r esponsibility is ac cepted by us as to the ac curacy 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 no t limited to plans, pho tographs, specifications, artist impressions) are indicative only and are subject t o change. Any measurement noted is indicative and no t to scale. All outlines on pho tographs are indicative only.

3. The Information does no t constitute, and should no t be c onsidered as, a recommendation in relation to the purchase of the property or a solicitation or offer to sell the property or a c ontract of sale for the property.

4. You should sa tisfy yourself as to the ac curacy and c ompleteness of the Information through your own inspections, surv eys, enquiries, and searches by your own independent consultants, and we recommend that you obtain independent legal, financial and taxation advice. This includes as t o whether any listing price is inclusive or exclusive of GST. 5. We are not valuers and make no c omment as to value. “S old/ leased” designations show only that stock is “currently not available” – no t that the property is c ontracted/ se ttled.

If you require a valuation we recommend that you obtain advice from a registered valuer.

6. The Information does no t and will not form part of any contract of sale for the property.

If an interested party makes an o ffer or signs a c ontract for the property, the only information, representations and warranties upon which you will be entitled to rely will be as e xpressly set out in such a c ontract.

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 t o compensate any intending purchasers for any costs or expenses incurred in reviewing, investigating or analysing any Information.

8. We will not be liable t o you (to the full e xtent permitted by law) for any liabilities, costs or expenses incurred in c onnection with the Information or subsequent sale of the property whatsoever, whether the loss or damage arises in c onnection with any negligence, default or lack of care on our part.

9. No person is authorised t o give information other than the I nformation in this Information Memorandum or in ano ther brochure or document authorised by us. Any statement or representation by an o fficer, agent, supplier, customer, relative or employee of the vendor will not be binding on the vendor or us.

10. To the e xtent that any of the abo ve paragraphs may be c onstrued as being a contravention of any law of the S tate or the Commonwealth, such paragraphs should be read down, severed or both as the case ma y require and the r emaining paragraphs shall continue to have full f orce and e ffect.

11. You may not discuss the I nformation or the proposed sale o f 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 r eport in whole or part of its contents.

12. The Information must no t be reproduced, transmitted or otherwise made available to any other person without our prior written consent.