IM - 112 & 118 Churchill Street, Childers

112 & 118 CHURCHILL STREET, CHILDERS INFORMATION MEMORANDUM

C A PA B L E & C O N N E C T E D

THE OPPORTUNITY

Ray White Commercial Northern Corridor Group are excited to present 112 – 118 Churchill Street, Childers for sale.

The property being offered for sale is a tenanted commercial building comprising two tenancies over 1,099m2* floor area on 2,168m2* allotment.

Located in the heart of Childers just 45 minutes to Bundaberg and Maryborough, 2.5 hours to Sunshine Coast, 3.5 hours to Brisbane. The buildings holds a national tenant on a secure lease and local tenant on long term lease.

FEATURES: • 1,099m2* total floor area – 349m2* + 750m2* • 2,168m2* allotment – 1,574m2* + 594m2* • Freestanding Building • National Tenant – IGA on long term 8 year lease expiring 3 August 2028 • Secure Local Tenant – Butcher on 5 year lease expiring 31 March 2025 • Returning $316,794.39 nett P/A • Air conditioning, rear roller door access to each building • Main road frontage on busy corner intersection • Concrete hardstand at rear For additional information or to arrange an inspection, please contact marketing agent Julie Ryan.

JULIE RYAN 0447 445 453

MAJOR ASSET SALES julie.ryan@raywhite.com

* Approximately

EXECUTIVE SUMMARY

ADDRESS

112 – 18 Churchill Street, Childers QLD 4660

REAL PROPERTY DETAILS

L2 RP65443 (Butchers) | L7 RP213174 (IGA)

TITLE REFERENCE

15931077 (Butchers) | 17070137 (IGA)

FLOOR AREA

Total 1,099m 2* | 112 Churchill Street 349m 2* | 118 Churchill Street 750m 2*

SITE AREA

Total 2,168m 2* | 112 Churchill Street 594m 2* | 118 Churchill Street 1,574m 2*

LOCAL AUTHORITY

Bundaberg Regional

SALE

$3,400,000

CHILDERS BUTCHERS

IGA

TENANCY SCHEDULE

TENANCY

USE

FLOOR AREA M2*

LAND AREA M2*

CURRENT RENT + GST

CURRENT OUTGOINGS

Butcher

349

594

$51,414.75

$7543.73

Supermarket

750

1,594

$265 379.60

$8,794.72*

-

$5,511.75*

-

$21,357.77 *

-

Owner Totals

1026

ESTIMATED OUTGOINGS TENANTS Rates and water (IGA)

$8,794.72*

Rates and water (Butcher)

$5,853.94*

Insurance (Butcher)

$1,197.25*

2,168

TERM 5 year expiring 31 March 2025 1 x 5 year options Increases – CPI annual + market review Term – 8 year expiring 3 August 2028 4 x 5 year options Increases – CPI annual + market review on first year of option

Childers Butchery are retail and bulk meat specialists servicing the Childers and surrounding townships. Family owned and operated from 6am to 5pm week days and Saturday until 11am. They provide locally sourced and grain fed products

IGA is a national network of independently owned stores (approx. 1400 stores around Australia) which tailor their own ranges and brands. Proudly support Australian producers by stocking ranges of locally made products.

Operating 7 days per week from 6 am to 8pm

ESTIMATED OUTGOINGS OWNER Insurance (IGA)

$3,126.75*

Land tax

$2,385.00*

$21,357.77 less $15,845.95 payable by tenants Owner payable outgoings

* Approximately

$5,511.75*

NOTE:

Prospective buyers conduct due diligence investigations of the property strictly at their own expense and risk, and the Seller will have no liability in relation to such expenses. Consent by the Seller to the conduct by any potential buyer of due diligence activities or investigation will not in any circumstance be construed as a representation that the Seller will be exercising, or refraining from exercising its rights to deal with the property, or any representation that the Seller intends to contract with that potential buyer, or at all.

Tenancy & financial information is intended as a summary of the details supplied to our office and has been represented as accurately as possible.

We recommend prospective purchasers make their own enquiries to gain a thorough understanding of the provisions of any lease contained within the Sale Contract or financial information required.

LOCATION PARTICULARS

The property is located in the heart of Childers on the Bruce Highway leading north to Townsville and South to Brisbane. Childers is part of the Bundaberg Region - which is includes the Coral Coast regions.

The Bundaberg and the Coral Coast Region is 3.5 hours drive north of Queensland’s capital Brisbane, and is centred on the picturesque Burnett River. The area lays claim to the internationally renowned Southern Great Barrier Reef, Mon Repos Turtle Rookery, Bundaberg Rum and the famous aviator Bert Hinkler.

Business and industry in the Bundaberg region have a proven track record in responding positively to change and competition in the international marketplace. This success is founded in a continued commitment by all sectors to invest in world class infrastructure, intellectual capital and quality management systems, together with persistent research and development. The Bundaberg region has considerable investment potential in value adding industries due to the congenial mix of natural attractions, existing industry, raw produce, facilities and services.

Bundaberg Regional Council, Bundaberg Region Limited, Department of Tourism, Regional Development and Industry and the Port of Bundaberg work collaboratively to meet all business support and information needs.

For detailed region economic and demographic insights, please click HERE

REAR CAR PARK ACCESS

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.

C A PA B L E & C O N N E C T E D COMMERCIAL RETAIL SERVICES

JULIE RYAN 0447 445 453

MAJOR ASSET SALES julie.ryan@raywhite.com