IM - 1/113-121 Howard Street, Nambour | Ray White Commercial Northern Corridor Group

INFORMATION MEMORANDUM 1/113-121 HOWARD STREET NAMBOUR QLD 4560

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

THE OPPORTUNITY

Emily Pendleton and Christine Freney from Ray White Commercial Northern Corridor Group are pleased to present 1/113-121 Howard Street, Nambour to market for sale

by Private Treaty.

The property is tenanted to long term tenant, the Nambour Day Surgery.

FEATURES • • • • • • •

Tenanted to Nambour Day Surgery since 2000 Returning $162,932 net 521m 2 * building area 71 onsite car parks Prime location adjoining Repco & Paint Right and opposite Aldi & Nambour Civic Centre 5 minutes walking distance to Train Station Less than 5km to Bruce Highway

For more information on this tenanted investment opportunity or to arrange an inspection, please contact marketing agents Emily Pendleton or Christine Freney.

EMILY PENDLETON 0402 435 446

ASSOCIATE DIRECTOR emily.pendleton@raywhite.com

CHRISTINE FRENEY 0432 170 380

SALES & LEASING EXECUTIVE christine.freney@raywhite.com

MARKETING AGENTS

EXECUTIVE SUMMARY ADDRESS

1/113-121 Howard Street, Nambour QLD 4560

REAL PROPERTY DETAILS

Lot 1 on Survey Plan 155466

BUILDING SIZE

521m 2*

SALE PRICE

$2,300,000

OUTGOINGS

LEASE DETAILS CURRENT LEASE EXPIRY

30 June 2023

RATES

$5,085.74

OPTION

3 Years

WATER

$1,527.00

GROSS RENT P/A

$180,000.00

BODY CORPORATE LEVIES

$17,068.00

OUTGOINGS RECOVERABLE

$6,612.74

LAND TAX

TBC

OUTGOINGS NON RECOVERABLE

$17,068.00 + Land Tax (TBC)

TOTAL

$23,680.74

NET ANNUAL RETURN

$162,932.00

EMILY PENDLETON 0402 435 446

ASSOCIATE DIRECTOR emily.pendleton@raywhite.com

CHRISTINE FRENEY 0432 170 380

SALES & LEASING EXECUTIVE christine.freney@raywhite.com

* Approximate

P L ANNING INFOR MATION

LOCAL AUTHORITY

Sunshine Coast Council

PLANNING SCHEME

Sunshine Coast Planning Scheme 2014

ZONING

The property is classified within the 'Specialised Centre Zone' under the Sunshine Coast Planning Scheme 2014.

LOCALITY

Nambour is a main centre of the Sunshine Coast hinterland and comprises regional shopping facilities and many government agencies. Nambour is located approximately 20 kilometres west of the regional centre of Maroochydore and 90 kilometres north of the state capital of Brisbane.

SURROUNDING DEVELOPMENT

The subject unit is located within a retail showroom complex that currently accommodates Repco, Paint Right and a larger stand-alone discount store. Other uses in close proximity comprises, an ALDI store adjoining the subject complex to the east, other strip retail uses front Howard Street, the Nambour High school is located to the rear.

There are limited other medical uses within the immediate area.

INFRASTRUCTURE

The property is located close to the following infrastructure: arterial road network, regional and strip retail shopping centres, established residential population.

FRONTAGE & DEPTH

The frontage of the unit to Howard Street is approximately 20 metres.

The frontage of the parent site to Howard Street is approximately 80 metres.

The depth of the parent site along the western boundary is approximately 46 metres.

TOPOGRAPHY

The parent parcel is an irregular shaped internal allotment was originally below street grade. The site has been mostly filled and levelled to road height. A large drainage easement remains on the property. The building is cantilevered over and above this easement.

EXPOSURE

The property has good exposure to vehicular traffic and good exposure to pedestrian traffic.

IMP R OVEMENTS

Erected on the property is a modern style, single level retail complex that has two separate buildings. The strata unit under review is a detached unit located to the western end of the complex.

The unit has been fit out for use as a day surgery and comprises reception area, waiting room, office areas, 4 consulting rooms, operating theatre, recovery room, pathology room, change room and kitchenette/staff room. There are also has patient male, female and handicapped amenities.

The improvements are estimated to have been constructed circa 2000's.

LOCATION Nambour has turned a corner over the past decade with Nambour Alliance and Sunshine Coast Council investing money into infrastructure and innovative projects. There is a direct correlation with these commitments and the population growth and new businesses moving to the area.

To accommodate the growth, Nambour is undergoing two large infrastructure projects: Nambour General Hospital redevelopment and a local tram line.

Nambour General Hospital Redevelopment The $86 million redevelopment will see an increase to the capacity and an upgrade to certain clinical areas within the hospital. The hospital will see the following improvements, as outlined by Queensland Health: • Redevelopment and increased capacity of emergency care for the residents of Nambour and surrounding areas • Refurbishment and increased capacity of mental health beds to support the requirements of the community • Refurbishment of wards to increase capacity for surgical and medical patients • Establishment of a same day rehabilitation unit • Relocation of renal dialysis unit to a new purpose-built space • Relocation and refurbishment of same day medical infusions and chemotherapy; • Replacement of the central sterilising unit • Providing convenient access for patients from a new drop off zone located adjacent to emergency department • Refurbishment of kitchen • Providing a contemporary safe healthcare environment that meets patient, staff and community expectations

Nambour Tramline To help activate the community and maintain the heritage that is associated with Nambour, TNTCo (The Nambour Tramway Company) have teamed up with council and private investors to deliver a local tram line by 2021. The solar powered tram will run from Tram Terminus in Mill Street to the southern end of Quota Park, along Mill and Howard Street outside of Aldi and the subject site.

Solar Farm

Sunshine Plaza

COOLUM

$440 million

>$ 10 mi ll io n

and retail jobs

$4.1 billion

my

Y

2230 jobs

COAST MW Y

NAMBOUR

B R UCE H IGHWA

Airport

5200

cr

by renewables

University

SUNSHINE

100

expansion

$81 million

MAROOCHYDORE

expansion complete

20,000 students by 2020

Bruce Highway BUDERIM CO AST

$1.6 billion

expansion and upgrade

SUNSH I N E

First stage to be completed by 2020

Y MW

Palmvi ew

MOOLOOLABA

$3 billion

FUTURE ROAD CONNECTION

KAWANA WAY

+

development

17,000 residents

roadband

Submarine cable

$927 million

FUTURE ROAD CONNECTION

$4.4 billion

L CAL OUN D RA M O O

LANDSBOROUGH

4600 jobs $1.8 billion investment

D

Mass Transit Network

CALOUNDRA

15,000 jobs

Stag e 1by 2025

9000 jobs

my

$3.6 BEERWAH

IGH CE H BRU

Development ready by 2027

FUTURE ROAD CONNECTION

W AY

Beerwah East

44,000 residents

R RA

Maroochydore

CAL O UND

IN WAY

$453 m to Sunshine Coast economy

OO

Hospital NI C KL

to the Queensland economy

RD L A BA

Source: Stockland, Urbis, Cordell Connect, Project Websites

Camcos alignment Sunshine Coast train line Major projects Bruce Highway upgrade

Aura

my

(Calound ra South)

50,000

residents

$7 billion+ investment

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 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. 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.

EMILY PENDLETON ASSOCIATE DIRECTOR 0402 435 446 emily.pendleton@raywhite.com

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

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

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

DWAINE BATHERN SALES & LEASING ASSOCIATE 0499 568 419 dwaine.bathern@raywhite.com

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

CHARLEE LIVESEY ADMINISTRATION ASSISTANT 1300 255 075 charlee.livesey@raywhite.com

BRENDAN KING MARKET ANALYST 1300 255 075 brendan.king@raywhite.com

MORETON BAY

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

AARON CANAVAN ASSOCIATE DIRECTOR 0447 744 948 aaron.canavan@raywhite.com

SHAYNA KIRK GROUP EXECUTIVE ASSISTANT (1300) 255 075 shayna.kirk@raywhite.com

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

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

MICHAELA WEBB PERSONAL ASSISTANT TO CHRIS MASSIE (1300) 255 075 michaela.webb@raywhite.com

PINE RIVERS

SUNSHINE COAST

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

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

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

LUKE HOBMAN SALES & LEASING EXECUTIVE 0434 053 164 luke.hobman@raywhite.com

SUNSHINE COAST

MORETON BAY

PINE RIVERS

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