Information Memorandum | 2/21-23 & 25 Piper Street, Caboolture | RWC Northern Corridor Group

2/21-23 & 25 PIPER STREET C A B O O LT U R E , 4 5 1 0

FOR SALE Cold Store Facility

* Approximate ^ Outline Indicative Only

INFORMATION MEMORANDUM raywhitecommercialncg.com

FOR SALE IN ONE LINE

CONTENTS

2

The Opportunity

03

Opportunity Highlights

04

Local Amenities

06

Executive Summary

08

Floor Plans

10

Outgoings

11

Location Overview

12

Cold Storage Demand

15

Agricultural demand

16

Construction Starts at Caboolture West

18

$44 million for Caboolture projects

20

Disclaimer

25

INFORMATION MEMORANDUM | 2/21-23 & 25 Piper Street, Caboolture

Aaron Canavan Commercial Principal

0447 744 948 aaron.canavan@raywhite.com

Troy Sturgess Sales & Leasing Executive

0432 701 600 troy.sturgess@raywhite.com

YOUR OPPORTUNITY IS NOW.

THE OPPORTUNITY ”Piper Cold Store” is a highly functional cold store and last mile distribution facility, perfectly located to capitalise on one of the fastest growing population catchments in the country. 509m2 of solar subsidised and generator secured cold store is complemented by multiple loading docks, pallet storage, office and amenities, seven different roller doors and three exclusive use driveways provide unmatched functionality for your operation.

With 57% of Queensland’s strawberries grown within mere kilometres of the property and 100,000 new residents expected in the next decade, ”Piper Cold Store” should be on the radar of both businesses and investors looking to capitalise on the growth certainty of the Northern Corridor

Key features of this opportunity:  3,001m2* of land across two titles  1,138m2* of building area comprising of 509m2* cold storage and 629m2*warehouse & office S even on grade roller doors with loading docks to the cold storage (2 with leveler)  Secured corner site with with security gates and ample truck parking  200amp three phase power supply with 2x backup generators for uninterrupted service  Multiple ground and first floor air-conditioned offices  Internal amenities including male/female toilets and lunch rooms with kitchenettes 2 4 hour General Industry Zoning with B-double access  I mmediate access to Bruce and D’Aguilar Highways

Method of Sale Offered to the market for sale as a combined package sale via Offer to Purchase.

The property will be sold with vacant possession.

Please contact marketing agents, Aaron Canavan or Troy Sturgess for additional information or to arrange an inspection.

* Approximately 3

OPPORTUNITY HIGHLIGHTS

The following is a summary of the key highlights that make “Piper Cold Store” such an attractive offering:

Functionality & Features

Location

The integrated cold store facility combines buildings across two titles with 509m2* of cold storage and 629m2* of warehouse & office. Beyond the specialised cold store fit out, the property boasts seven roller doors and three driveways. This provides incredible functionality for anyone with high delivery requirements or “materials in – product out” workflow. The extensive solar system has been custom designed to complement the power requirements of the refrigeration system

The property sits in the heart of one of the biggest “fruit bowls” in South East Queensland, with 57% of Queensland’s strawberry production coming from the surrounding farms. Immediate access to the Bruce Highway and D’Aguilar Highways provides ultimate transport efficiency.

Supply & Demand The post-COVID shift in buyer behaviour has seen a surge in demand from businesses who have shifted to a more warehousecentric business model. In addition, there is a flood of businesses that are trying to relocate to Moreton Bay to service the booming population. An extreme lack of vacant industrial land in the region means there can be minimal new stock come to market in the next five years to satisfy this demand.

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INFORMATION MEMORANDUM | 2/21-23 & 25 Piper Street, Caboolture

Replacement Value The only available industrial land for sales in the immediate area is now at $650m2 and construction prices for new tilt panel buildings, including council fees, holding costs and approvals are averaging over $1,500m2. The current operator has invested in excess of $1.3 million into the cold room, solar and loading facilities. Speak to our team to learn more about exact replacement cost values in this area.

EASY ACCESS TO MAJOR TRANSPORT LINKS.

BRUCE HIGHWAY

BRISBANE

SUNSHINE COAST

AERODROME RD

CESSN

PIPER STREET

A DR

AUSTE R

COURT

* Outline & Locations Indicative Only

5

SUNSHINE COAST

L O C AT I O N O V E R V I E W

STRATCO

BRUCE HIGHWAY

MAZDA

MCDONALDS NISSAN

BRISBANE

6

INFORMATION MEMORANDUM | 2/21-23 & 25 Piper Street, Caboolture

CORPORTATE AIRPORT RWC

CORPORTATE PARK EAST

SUBJECT PROPERTY

WEIGHBRIDGE

CALTEX HERTZ

* Locations Indicative Only - Source Google Maps 02/2024

7

E X E C U T I V E S U M M A RY 2/21-23 & 25 Piper Street, Caboolture QLD 4510 & 25 Piper Street, Caboolture QLD 4510 PROPERTY NO.

LOT

PLAN

LAND SIZE

WAREHOUSE & OFFICE

MEZ OFFICE

TOTAL BUILDING AREA

2/21-23

L2

SP138184

987m2*

437m2*

12m2*

449m2*

25

L30

CG6373

2,014m2*

655m2*

34m2*

689m2*

COLD STORAGE

509m2*

TOTAL BUILDING

1,138m2*

TOTAL LAND AREA

3,001m2*

OFFICE & AMENITIES SIZE M2

136m2 inc amenities

NUMBER

5

QUALITY

B to C grade

ACCESSIBILITY

3 x ground floor

TOILETS:

3 - Office x2 & Warehouse x1

STAFF AMENITIES

2 x Lunch room

ROLLER DOORS & LOADING AREA NUMBER

7

SIZE

Varied

ELECTRIC

Yes

COVERED LOADING

Yes

POWER & SECURITY 3 PHASE CAPACITY

200 amps

SOLAR CAPACITY

3 x 25KW solar power systems with 80 solar panels each system 10 year warranty ending April 2031

BACKUP GENERATORS

Automatic backup system with 2 x generators

SECURITY FEATURES

 External lighting  Cameras (not currently operational)  Full perimeter fencing with lockable gates

* Approximately 8

INFORMATION MEMORANDUM | 2/21-23 & 25 Piper Street, Caboolture

COLD ROOMS SIZE

509m2*

FRIDGE UNITS

 2 x 10hp fridge units with 4 blowers  2 x 15hp fridge units with 4 blowers

UNIT AGE

Ist coolroom built 2016 | 2nd coolroom built 2021

CONSTRUCTION

 Suspended concrete floors  Refrigeration panel walls  Suspended refrigeration panel roof  Leveling ramps for loading docks

GENERAL

LOCATION

Corporate Park is located on the Southern boundary of Caboolture at the approximate mid point between Brisbane and the Sunshine Coast. The locality is well served by transportation links: 3 minutes* to Bruce Highway southbound 4 minutes* to Bruce Highway northbound 5 minutes* to D’Aguilar Highway

LOCAL AUTHORITY

Moreton Bay City Council

ZONING

General Industry

ACCESS

B-double access via Piper Street and Auster Court

FOR SALE

Offered to the market for sale as a combined package and must be purchased

together as a condition of sale via Offer to Purchase

* Approximately 9

COMBINED FLOOR PLANS

10

INFORMATION MEMORANDUM | 2/21-23 & 25 Piper Street, Caboolture

OUTGOINGS OUTGOINGS P/A

OUTGOINGS P/A

2/21-23 & 25 PIPER STREET

25 PIPER STREET (FREEHOLD)

RATES:

$3,623.12

RATES:

$5,895.04

WATER:

$1,285.30

WATER:

$5,164.24

BODY CORPORATE:

$11,530.00

INSURANCE:

$8,000.00*

TOTAL: $16,438.42

TOTAL: $19,059.28

COMBINED OUTGOINGS SUMMARY P/A COUNCIL RATES

$9,518.16

UNITY WATER

$6,449.54

BODY CORPORATE:

$11,530.00

COMBINED LAND TAX:

$9,440.00

INSURANCES: (*Insurance includes loss of refrigerated stock)

$8,000.00*

TOTAL: $44,937.70

11

NORTH LAKES

L O C AT I O N O V E R V I E W

BRIBIE ISLAND ROAD

SUBJECT PROPERTY

CABOOLTURE AIRPORT

Caboolture Corporate Park is uniquely positioned to service one of the fastest growing corridors in the country.

The mega council region of Moreton Bay north of Brisbane is required to build another 88,300 homes over the next 22 years, according to the South East Queensland Regional Plan 2017.

During that time the council, which is already the third largest in Australia, is expected to grow from 459,600 to 690,000 residents – more than the state of Tasmania.

12 12

INFORMATION MEMORANDUM | 2/21-23 & 25 Piper Street, Caboolture

CABOOLTURE

BRUCE HIGHWAY

“THERE ARE FEW REGIONS IN THE COUNTRY MORE UNANIMOUSLY EXCITING THAN THE NORTHERN CORRIDOR BETWEEN BRISBANE AND THE SUNSHINE COAST.” - Ashley Rees, Senior Analyst Northern Corridor Group

* Outline & Indicative Only

13

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INFORMATION MEMORANDUM | 2/21-23 & 25 Piper Street, Caboolture

S C A R C E S U P P LY T O F U E L D E M A N D F O R COLD-STORAGE

13 per cent growth per annum “Indicators show that globally, the cold storage market is expected to grow by approximately 13 per cent per annum, reaching around $320 billion by 2025, highlighting sustained demand for quality facilities.”refrigeration system

20 per cent below the average recorded Australia currently has approximately 0.38 cubic meters of cold storage warehousing space per person, which is nearly 20 per cent below the average recorded for advanced economies worldwide. This shortage is set to spur demand for this asset and we expect a strong response from the market. to the Bruce Highway and D’Aguilar Highways provides

Sean Thomson added...

vacancies are closer to zero

“Nationally, the vacancy rate for the broader industrial market currently measures 1.0%, however, for cold storage assets, vacancies are closer to zero with only a handful of facilities available for lease over the next 12 months, underpinning the viability and performance of this asset class from an investment perspective”

“The food grade logistics sector has grown rapidly in recent years, led by an increase in non-discretionary retail expenditure and the resilience of the food consumption sector in recent years, leading to increased demand from institutional groups seeking exposure to the sector.”

To read the full article click HERE

* SOURCE: www.theindustrialist.com.au

15

gu D’A

Bruce Hwy

Sunshine Coast

rH ila

Woodford

wy

Bribie Island Northern Freight Terminal Elimbah

Mount Mee

Bribie Island Research Centre

Wamuran Caboolture

Wamuran Irrigation Scheme Morayfield

Moreton Bay

Burpengary

Dayboro

Singapore Dakabin

Redcliffe

Agricultural land occupies much of the region’s northern section and extends to the pristine coastal waters of our bay for fresh seafood.

Kallangur

Samford

Ga

te

Brisbane Airport BNE

w

ay M

W

Y

The Hills District

Port of Brisbane

Kallangur to Brisbane Airport

26km - 20mins

Samford to Brisbane CBD

25km - 35mins

Caboolture to Port of Brisbane

63km - 45mins

Wamuran to Sunshine Coast Airport 74km - 50mins

Brisbane

Melbourne

Sydney Gold Coast

FAST FACTS.

16

$1.2B+

$456.6M

57%

MORETON BAY’S FOOD AND AGRIBUSINESS INDUSTRY

PRODUCE EXPORTED ANNUALLY

OF QUEENSLAND’S STRAWBERRY PRODUCTION

32%

870+

3.2%

OF QUEENSLAND’S PINEAPPLE PRODUCTION

LOCAL BUSINESSES

OF QUEENSLAND’S AGRICULTURE WORKERS EMPLOYED IN MORETON BAY

INFORMATION MEMORANDUM | 2/21-23 & 25 Piper Street, Caboolture

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PAGE 4

CONSTRUCTION STARTS AT CABOOLTURE WEST

Four developers will break ground on south-east Queensland’s newest regional city, the 3,156ha Caboolture West, in the next month.

Lennium Property, Orchard Property Group, Baycrown Property Group and Avid Property Group collectively will deliver 2000 parcels of land in one of the region’s biggest future communities.

In the next 40 years Caboolture West will accommodate about 70,000 residents and 30,000 homes.

What is included in this first stage?

The four new residential communities will feature a mix of affordable land lots, turnkey homes, and house and land packages, on blocks of 300 to 600 sqm.

The first neighbourhood display village, at the entrance to the new masterplanned precinct, is expected to open mid- 2025, with civil construction works due to begin in October.

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INFORMATION MEMORANDUM | 2/21-23 & 25 Piper Street, Caboolture

Caboolture West is slated to play a significant role in addressing population growth in the Moreton Bay region, which is forecast to grow to 690,000 residents—an additional 200,000+ residents—by 2042.

This announcement further bolsters the confidence businesses in the building supplies and trade service industries already have in this region.

What is NOT included in this first stage?

There is NO portion of this first release dedicated to delivering commercial or industrial property of any nature. In fact, the whole of Caboolture West has only one property earmarked for industrial use and the sequencing of infrastructure delivery means this will likely be one of the last parcels to come online.

The $44 million revitalisaiton of Caboolture CBD by Moreton Bay City Council will help meet the growing demand for commercial space resulting from the influx of residents into the first stage of Caboolture West.

SNAPSHOT

THE FUTURE OF CABOOLTURE WEST

TIMELINE

OCTOBER

2023

70,000 NEW RESIDENTS

30,000

Construction commences & the first blocks of land, will be available for pre-purchase

HOMES

2000 PARCELS OF LAND IN FIRST RELEASE

300-600m2 BLOCK SIZES

OCTOBER

2024 First lots complete

496,777 2022 MORETON BAY POPULATION

17,000 NEW JOBS

MID

2025 The Display village located at the masterplanned precinct, is expected to open

690,000*

2042 MORETON BAY POPULATION

4,000 NEW BUSINESS OPPORTUNITIES * Projected Population

19

McKean Street

4 Tooh ey St r

eS

d oa ll R

Jad

Mi

et

tre

S ard

h

et tre

Ric

Rowe Street

eet

10

St Peter’s School (Caboolture)

11

Caboolture Rail Station

George Street

Caboolture State School

Caboolture Hub

t

tree

King Street

t

Riverview Street

ee Elliot Str

1

rfo

Inv es

tig

ato

lk

Es

12 Caboolture Square Shopping Centre

6

9

Esme Avenue

Esme Avenue Park (West)

Morayfield Road

5

7 No

gS Kin

pla

na

de

rD

riv e

THE $44 MILLION FOR CABOOLTURE PROJECTS OVER NEXT 5 YEARS

1

18.2 million for the Elliot Street to $ Caboolture River active transport upgrade and roadworks

2

$12.5 million for Centenary Lakes and sports complex upgrades

3

20

3.4 million for Bury Street drainage $ upgrades to catalyse development

4

$2.9 million for a 2.4 kilometre active transport corridor including signage, trees, street lighting and furniture along Pumicestone and Beerburrum Roads

5

$3 million water park and play space

6

$965,000 to deliver a renewed Esme Avenue pathway along the Caboolture River

INFORMATION MEMORANDUM | 2/21-23 & 25 Piper Street, Caboolture

reet Duncan St Manley Street

Shirley Street

n Stree

t

Caboolture Hospital

et tre

3

McKea

tt S we Me

Hayes Street

Charles Street

Caboolture State High School Francis Street

8

Mitchell Street

McKean Street

Lee Str e

et

Lower King Street

Lakes Reserve

7

$ 1 million for upgrading the bridge over the Caboolture River to create a safer and shaded active transport route connecting to Centenary Lakes

10

$105,000 to renew the Rowe Street Carpark that services the train station

8

$ 740,000 to build a new footpath connecting Mitchell Street and Bradman Street from Tallon Street to Hayes Street

11

$67,000 to install a pedestrian refuge on Bertha Street to improve safety and access to the CBD

9

$ 175,000 for pathway upgrades to facilitate safe access for wheeled users along Morayfield Road

12

$54,000 for an improved bus stop on King Street.

21

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INFORMATION MEMORANDUM | 2/21-23 & 25 Piper Street, Caboolture

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INFORMATION MEMORANDUM | 2/21-23 & 25 Piper Street, Caboolture

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:

6. T he 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.

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 b y or on our behalf, whether orally or in writing.

7. I nterested 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.

2. All visual images (including but not limited to plans, photographs, specifications, artist impressions) are indicative only and are subject t o 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 Auction or 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.

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. T o 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. Y ou 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. T he Information must not be reproduced, transmitted or otherwise made available to any other person without our prior written consent.

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2/21-23 & 25 PIPER STREET C A B O O LT U R E , 4 5 1 0

Aaron Canavan Commercial Principal

0447 744 948 aaron.canavan@raywhite.com

Troy Sturgess Sales & Leasing Executive

0432 701 600 troy.sturgess@raywhite.com

raywhitecommercialncg.com