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Excellence Personified


CONTENTS

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EXECUTIVE SUMMARY

5

INVESTMENT HIGHLIGHTS

5

TENANT PROFILES

6

PROPERTY PROFILE

8-9

AREA PROFILE

11

SALES PROCESS

12

WHY INVEST

14

DISCLAIMER

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EXECUTIVE SUMMARY Address:

774 Gympie Road, Lawnton 4501

Real Property Details:

Lot 21 RP 220912

NLA:

1412m2

Land Area:

3561m2

Zoning:

Local Centre

Local Authority:

Moreton Bay

Current Net Income:

$424,392

WALE:

5.38

Method of Sale:

Expressions of Interest Closing Thursday 6th June

INVESTMENT HIGHLIGHTS Highly visible location situated at the intersection of two major roads and fronting Gympie Road, the main arterial road for Petrie, Lawnton and Strathpine. High growth corridor underpinning the success of tenancies and well established tenants including 2 national tenants Quality, well-maintained asset in a growth hotspot.

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TENANT PROFILES

Tenant

NLA (m2)

Gross Income

Term Options (years)

Lease Expiry

Dulux Trade Centre

673

$176,523

8

2x5

09/10/2020

Anytime Fitness

503

$156,939

10

1x5

18/06/2028

Wheelhouse Coffee

105

$45,894

10

2x5

30/11/2028

Crow n Arrow

131

$57,345

5

2x5

19/02/2020

1412 $436,701

Dulux Trade Store - Australia’s most trusted paint brand trade store services this fast-growing community Anytime Fitness is a 24-hour health and fitness club with over 44,000 franchised locations in 50 countries. This club is busy and the ease of parking with this centre makes it very popular. Wheelhouse Coffee - a local, long-established coffee shop that benefits from being close to the train station as well as visits from customers of other tenancies Crow & Arrow - popular location with 63 Craft beers on offer has been a hit with locals. Listed as a “mustdo” in Brisbane, the venue includes a stage for live entertainment and an outdoor area.

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PROPERTY PROFILE

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Property Type

Lifestyle and Retail Centre

Address

774 Gympie Road, Lawnton, Queensland 4501

Area

NLA 1412m2 - Land 3561m2

Occupancy

Offered for sale as a fully leased asset

WALE

5.38

Net Property Income

$424,392

Street Frontage

Gympie Road and Todds Road

Car Parking

39

Year Built

2011

Construction

Concrete tilt panels, metal sheeting roof and reinforced concrete slab floors. Fire bunker facilities in place for Dulux tenancy.


PROPERTY PROFILE CONTINUED The site has a high level of exposure to Gympie Road, with a traffic count of 29,359 (Annual Average Daily Traffic), the centre is easily accessed due to dual entry/exit points and traffic lights at the property intersection. Entrances on both Gympie Road (for Northbound traffic) and Todds Road (for South, East and Westbound traffic) facilitate this easy access. Rear loading is available to the Dulux Trade Centre so heavy vehicles are kept away from passenger vehicles and pedestrians.

The property is located approximately 26.5km by road from Brisbane CBD. The Lawnton Station of main train line into the city from the area is located 200m away (off Todds Road). The surrounding area has attracted other major shopping including Amart (to the immediate rear of the property) and BCF across the road. Additionally, high-visitation locations of schools, childcare and swimming pools are all within walking distance. This busy location ensures an ongoing demand for tenancies.

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AREA PROFILE 774 Gympie Road, Lawnton 4501 BCF Lawnton Train Station Sunshine Coast University’s Moreton Bay Campus Amart Furniture Lawnton Public Swimming Pool Pine Rivers School

On greater Brisbane’s north, the Moreton Bay region has a thriving population nearing 450,000 and is a region full of vibrant growth. There are numerous reasons to believe the growth in the Moreton Bay region will continue to bring strong economic fundamentals including: • Sunshine Coast University’s Moreton Bay campus has commenced construction of the first 16,000 sqm Stage 1 Campus located around 2 minutes drive from 774 Gympie Road. The University is expected to open in 2020 with just over 1200 students initially and have 10,000 students by 2030. • Along with a growing population, the number of dwellings in Moreton has seen a net increase in dwellings of 7,909 (Source ABS Building Approvals) • Strong transport links with the Bruce Highway, D’Agular Highway, Caboolture and Redcliffe railway lines

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SALES PROCESS “The property is offered for sale via Expressions of Interest closing 4:00pm on Thursday 6th June. A full due diligence package is available upon request to the marketing agents. For more information on the sale process or to organise an inspection, please contact the exclusive agents:

JULIE RYAN 0447 445 453

MAJOR ASSET SALES

MICHAEL SHADFORTH 0488 981 076

C O M M E R C I A L P R I N C I PA L

JORDAN HAYES 0417 999 331

SALES & LEASING EXECUTIVE

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WHY INVEST

L O C AT I O N

Queensland’s strongest growth corridor. 1k from the new Sunshine Coast University’s Moreton Bay Campus

VA LU E

Strong property and investment fundamentals

N AT I O N A L TENANTS Dulux & Anytime Fitness

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DISCLAIMER

The information contained in this Sale Appraisal & marketing Submission 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.

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3/125 Morayfield Road Morayfield QLD 4506

MORETON BAY

Level 1, 104 Gympie Road Strathpine, QLD 4500

PINE RIVERS

SUNSHINE COAST

T 1300 255 075 | F 1300 778 887

T 1300 205 075 | F 1300 778 887

T 1300 255 075 | F 1300 778 887

1/172 Brisbane Road Mooloolaba QLD 4557

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Information Memorandum - 774 Gympie Road, Lawnton  

Fully tenanted investment in highly visible location situated at the intersection of two major roads fronting Gympie Road, the main arterial...

Information Memorandum - 774 Gympie Road, Lawnton  

Fully tenanted investment in highly visible location situated at the intersection of two major roads fronting Gympie Road, the main arterial...