INFORMATION MEMORANDUM - 20 Oakey Flat Road, Morayfield | Ray White Commercial

INFORMATION MEMORANDUM 2 0 O A K E Y F L AT R O A D MORAYFIELD, QLD 4506

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

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The Opportunity Ray White Commercial Northern Corridor Group is pleased to offer 20 Oakey Flat Road, Morayfield for Sale via Expressions of Interest.

This high profile freehold property provides the perfect balance of immediate function and long term development upside. Benefit from the ongoing expansion of the Caboolture West masterplanned are that will see a projected 63,000 new residents move to the area.

FEATURES: • • • • •

1,385m2 freehold lot Flexible “Next Generation Neighbourhood” zoning Residence with two street frontage 5 bay shed On major growth arterial servicing future expansion area

For further information or to arrange an inspection, please contact Chris Massie

CHRIS MASSIE 0412 490 840

C O M M E R C I A L P R I N C I PA L NORTHERN CORRIDOR GROUP

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Executive Summary THE PROPERTY

20 OAKEY FLAT ROAD, MORAYFIELD

PROPERTY DESCRIPTION

N LOT 3 ON SURVEY PLAN 300211

TITLE REFERENCE

51138413

MARKETING AGENT

RESIDENTIAL A (SUPERSEDED)

ZONING

• • • • • • • • • •

Dwelling house Dual occupancy Multiple dwelling Dwelling unit Home based business Relocatable home park Residential care facility Retirement facility Rooming accommodation † Short-term accommodation †

• Houses

on a variety of lot sizes including traditional and narrow lots, dual occupancies (traditional and loft), row or terrace housing, plexes, low and medium rise apartments, townhouses and managed communities •D ensity of 15-75 dwellings per hectare •B uilding height generally up to 12 metres

CHRIS MASSIE 0412 490 840

C O M M E R C I A L P R I N C I PA L chris.massie@raywhite.com

† If within 800m walking distance of a higher order or district centre precinct

LOCAL AUTHORITY

MORETON BAY REGIONAL COUNCIL

LAND AREA

1,385m 2

BUILDING AREA

SHED: 164m 2*

OUTGOINGS

Water: $1,760.30* per annum Rates: $1,733.35* per annum Insurance (House & Contents): $1,250.00 per annum Total Outgoings per annum: $4,743.65*

SALE PRICE

Expression of Interest closing Friday 17th May 2019

ASHLEY REES 0411 707 410

SALES & LEASING EXECUTIVE ashley.rees@raywhite.com

* approximate

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Your CBD Update The activity across the Caboolture/Morayfield retail and office market over the last quarter has been solid, without being spectacular. For the office market, the government funded professional services continues to drive the bulk of the requirements. These come with a very specific list of compliance requirements that some of the older facilities are not able to meet without significant retro-fit investment by owners. This investment can often prove lucrative, but requires an element of “build it and they will come” to ensure timelines can be met.

The exodus of the big 4 banks from King Street in recent years left a glut of office space with custom fit outs that suited very few tenants. This trend has been repeated across regional centres, as branches downsize due to online banking and centralisation or outsourcing of administration teams into larger hubs. The good news is our leasing team has now filled the last of this remaining space, with a State Government department committing to the whole of the former NAB office at 7 Morayfield Road.

Retail options along Morayfield Road remain quite limited, though minimal enquiry indicates there is not a great deal of supply/demand disparity. Even in this precinct, lease deals have been dominated by industrial and service industry users taking up secondary space, as opposed to more traditional high visibility retail. This is reflected in our leasing team’s Active Enquiry Register, which currently has 39 industrial requirements, vs 10 office and 10 retail.

VA C A N C I E S SIZE 0-200m

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THIS QUARTER

SPOTLIGHT ON

One positive indicator is the level of developer enquiry for on and off-market sites with potential for convenience, fuel and fast food uses through King Street and Morayfield Road. The new Starbucks on Lower King Street is sure to do a booming trade with the battle-weary medical staff at the nearby hospital and a similar development is nearing completion on Bellemere Road that is perfectly located to capitalise on that expanding western catchment.

Our predictions for this precinct: The geographical expansion limitations of Morayfield Road and the footprint constraints of the Caboolture CBD will pressure owners and tenants to continue to compromise function and fit out to maintain their presence in a rapidly expanding area. Lack of rental growth, increasing construction cost and the inability of government tenants to pre-commit to unbuilt facilities in the office market will restrict the ability of developers to produce new in-fill development. Convenience retail will remain strong in well located, high traffic areas with quality anchor tenants (fuel, supermarket) but secondary retail will continue to tread water.

Strong population projections are an undeniable force that will ensure long term growth for property owners able to weather the storm of medium term vacancy concerns.

AV E R A G E R E N T SIZE

THIS QUARTER

25

0-200m

200-500m2

5

200-500m2

$315

>500m2

3

>500m2

$294

2

MORAYFIELD & CABOOLTURE CBD

2

$338

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

Bruce Highway

Morayfield State High School Morayfield Train Station Bunnings

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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. 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. 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.

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MORETON BAY

OUR

TEAM MEMBERS Ray White Commercial Northern Corridor Group Unit 3, 125 Morayfield Road Morayfield, QLD 4506

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 jryan@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

AC N 6 1 5 9 4 1 4 3 0

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raywhitecommercialnortherncorridorgroup.com.au

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

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

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

BROCKE HAMBRECHT SALES & LEASING EXECUTIVE 0466 599 724 brocke.hambrecht@raywhite.com 8