RAY WHITE COMMERCIAL NORTHERN CORRIDOR GROUPINFORM ATIO N MEMORANDUM 9 TORRES CRESCENT NORTH LAKES QLD 4509 LEASE
THE OPPORTUNITY Ray White Commercial Northern Corridor Group are pleased to offer North Lakes for Lease. For further information or to arrange an inspection, contact Joshua Pengelly JOSHUA PENGELLY 0468 393 334 josSALES&LEASINGASSOCIATEhua.pengelly@raywhite.com Tenancies available: 70m2, 120m2 or 155m²* Elevator/lift access providing disabled access Male/FemaleKitchenette amenities Ducted air-conditioning NBN connection After hours card access 27 on site car parks Drive through access Located in the sought after North Lakes Business Park Minutes to Bruce Highway Close to Westfield, Costco, Bunnings and other major retailers *approximate
EXECUTIVE SUMMARY MARKETINGAGENTS * Approximate ADDRESS 9 Torres Crescent, North Lakes QLD 4509 PROPERTY DESCRIPTION Showroom, Office & Warehouse REAL PROPERTY DETAILS Lot 88 SP275737 ZONING MIBA LAND SIZE 1,533m²* BUILDING SIZE UNIT 1 - 120m2 - $4,000 P/M Net UNIT 2 - 70m2 - $2,335 P/M Net UNIT 5 - 155m2 - $5,170 P/M Net LOCAL AUTHORITY Moreton Bay Regional Council OUTGOINGS T.B.C. AARON CANAVAN 0447 744 948 COMMERCIAL PRINCIPAL aaron.canavan@raywhite.com JOSHUA PENGELLY 0468 393 334 SALES & LEASING joshua.pengelly@raywhite.comASSOCIATE
The region provides the perfect balance between business and lifestyle, and is located in South East Queensland’s northern growth corridor, just north of the Brisbane CBD.
Major regional infrastructure projects such as The Mill at Moreton Bay and the $1 billion Redcliffe Peninsula Rail Line are underpinning new, exciting opportunities for continued economic development, employment growth and business confidence into the future.
Moreton Bay has easy access to the Brisbane CBD and major transport and export infrastructure, including the Brisbane and Sunshine Coast international airports, Port of Brisbane, Bruce Highway, and Redcliffe Peninsula and Sunshine Coast rail lines.
Moreton Bay is the third largest local government area in Australia by population, and has been recognised as a region with one of the fastestgrowing populations, and the strongest-growing economies in the country.
LOCATION excitingThere’sneverbeenamoretimetoinvestintheMoretonBayRegion.
moretonbay.qld.gov.au
MORETON BAY: OUR GROWING REGION
$35 million grant from the Federal Government The Mill at Moreton Bay is a strategic land holding purposed to supply education, employment and lifestyle services to cater for Moreton Bay’s growing population. We look forward to discussing opportunities for investment. For more information about this project, or to learn how you can be involved, visit moretonbay.qld.gov.au/themill
mbrc.qld.gov.au/economic-development/action-plan
For more information about Moreton Bay Regional Council’s Economic Development Action Plan visit
ECONOMIC
Aerial view of works at The Mill at Moreton Bay site in May 2019.
One of Queensland’s strongest economies with our Gross Regional Product exceeding $18 billion. Substantial growth in suburbs along the Redcliffe Peninsula rail corridor, with over 50,000 jobs forecast by 2036. Our region has the ninth highest number of registered businesses of any other local government area in Australia. 6,000 ongoing jobs 10,000 students in the first 10 years connecting communities through a transport network 110 hectares of environmental corridors $950 million* annual industry output in the greater Moreton Bay Region
With a University of the Sunshine Coast campus at its core, The Mill at Moreton Bay will be a thriving major precinct generating higher education and employment opportunities. Located at Petrie, it is on track to welcome students in 2020 and will be supported by additional work, study and community facilities.
* Estimated by KPMG 2015
A
Moreton Bay Regional Council Economic Dashboard4 Moreton Bay Regional Council Economic Dashboard 5
Concept images of University of the Sunshine Coast Moreton Bay Campus. Suburbs along the Redcliffe Peninsula Rail Line will be home to over 50,000 jobs by 2036.
Home to over 32,300 registered businesses, supporting more than 118,800 jobs. Moreton Bay Region is expected to increase its population by 240,000 by 2041, to approximately 690,000. This represents more than a 50% increase over the next 25 years. By comparison it is anticipated that by 2031 the Moreton Bay Region will have a larger population than Tasmania. The 2016 Census recorded North Lakes as the fastest-growing area in Queensland.
77©HASSELL2017
THE MILL AT MORETON BAY: BRIGHT FUTURE DEVELOPMENT IN ACTION
Since 2010 the number of visitors to the region has increased to 3.6 million, generating $1 billion for the local community.
Moreton Bay Regional Council Economic Dashboard6 Moreton Bay Regional Council Economic Dashboard 7 Image: Caboolture (2013) 73,000 (asPopulationat30June2018) 62,500 (asPopulationat30June2018)Avgannualgrowth rate 0.9% 94% State employment rate 94% State employment rate $660 State median $660 State median 19,800 Daily Vehicle Movements (Anzac Avenue, 2017) $5,430 million Gross revenue generated 15% 3+ Vehicle Households 13% Education(bachelororhigher 2016) ECONOMY ECONOMYPROPERTY PROPERTY $3,500 Average advertised sale price - commercial ($/m2) $3,930 Average advertised sale price - commercial ($/m2) $350,000 Average residential sale price $442,000 Average residential sale price $397,000 Median sale price of new houses $620,000 Median sale price of new houses $200,000 Median sale price of residential vacant land $311,000 Median sale price of residential vacant land $1,770 Average advertised sale price - industrial ($/m2) $1,670 Average advertised sale price - industrial ($/m2) 804 ha / 695 ha Zoned for Industry Use / Vacant Industrial Land 96 ha / 17 ha Zoned for Industry Use / Vacant Industrial Land 115 ha / 15 ha Zoned for Centre Use / Vacant Centre Land 100 ha / 15 ha Zoned for Centre Use / Vacant Centre Land RESIDENT WORKFORCE RESIDENT WORKFORCE 87% Employment Rate 92% Employment Rate $560 Weekly personal income (2016) $600 Weekly personal income (2016) $2,550 Average advertised sale price - retail ($/m2) $3,930 Average advertised sale price - retail ($/m2) 19,900 Number of local jobs 310,000m² Total Existing Retail Building Footprint in Centre Zone 210,000m² Total Existing Retail Building Footprint in Centre Zone Kippa-Ring Station Major Train Station 35,200 Resident labour force 30,600 Resident labour force Caboolture Station Major Bus Station Kippa-Ring Station Major Bus Station 2,585 Daily PatronageTrain 1,393 Daily PatronageTrain Health care and social assistance (3,460) Most common employment by industry Health care and social assistance (3,700) Most common employment by industry Labourers (4,580) Most common occupation Professionals (4,000) Most common occupation 246 Businesses with turnover greater than $2M 256 Businesses with turnover greater than $2M 242 Daily ServicesBus 405 Daily ServicesBus 893 Daily PatronageBus 579 Daily PatronageBus 107 DailyServicesTrain 98 DailyServicesTrain 16 RoutesBus 7 RoutesBus Caboolture 33.5 years Median age 20,900 Number of local jobs $5,820 million Gross revenue generated 8% Education (bachelor or higher 2016) 22% 3+ Vehicle Households 33,000 Daily Vehicle Movements (Morayfield Road, 2018 Caboolture Station Major Train Station 45.3 years Median age +4.5% Annual growth (2017-2018) +9% Annual growth (2017-2018) +1.4% Annual growth (2017-2018) +4.1% Annual growth (2017-2018) +75% (2006-2016) +35% (2006-2016) +37% (2006-2016) +30% (2006-2016) +8% (FY15/16 FY17/18) +25% (FY15/16 FY17/18) Redcliffe Image: Redcliffe (2013) 31,447 Ha 3,825 Ha Avg annual growth rate 2.3% Identified as the principal regional activity centre of Moreton Bay Region, Caboolture is home to a number of major public infrastructure facilities including hospitals, schools and emergency services. Investment opportunities include a broad range of health and community assistance industry activities. Bellmere, Caboolture, Caboolture South, Elimbah, Moodlu, Wamuran and part of Morayfield Clontarf, Kippa-Ring, Margate, Newport, Redcliffe, Rothwell, Scarborough, Woody Point Historically one of the oldest settlements in the area, Redcliffe is identified as a major centre, with a strong focus on tourism opportunities. The new Redcliffe Peninsula Rail Line has been a game changer, increasing connectivity from the seaside to the rest of the region and to Brisbane City +
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.
12. The Information must not be reproduced, transmitted or otherwise made available to any other person without our prior written consent.
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. 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.
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.
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.
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.
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.
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.
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.
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.
DISCLAIMER
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.
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.
EMILY PENDLETON ASSOCIATE DIRECTOR 0402 435 emily.pendleton@raywhite.com446 MICHAEL SHADFORTH DIRECTOR - COMMERCIAL PRINCIPAL 0488 981 michael.shadforth@raywhite.com076 JULIE RYAN MAJOR ASSET SALES 0447 445 julie.ryan@raywhite.com453 CHRISTINE FRENEY SALES & LEASING EXECUTIVE 0432 170 380 christine.freney@raywhite.com SAMUEL HOY SALES & LEASING EXECUTIVE 0423 795 samuel.hoy@raywhite.com273 DWAINE BATHERN SALES & LEASING ASSOCIATE 0499 568 dwaine.bathern@raywhite.com419RIVERSPINECOASTSUNSHINE TREVOR NELSON-JONES SALES & LEASING EXECUTIVE 0407 736 trevor.nelson-jones@raywhite.com521 BROCKE HAMBRECHT SALES MANAGER & AUCTIONEER 0466 599 brocke.hambrecht@raywhite.com724 LUKE HOBMAN SALES & LEASING EXECUTIVE 0434 053 luke.hobman@raywhite.com164 MORETON BAY 3/125 Morayfield Road Morayfield QLD 4506 SUNSHINE COAST 1/172 Brisbane Road Mooloolaba QLD 4557 PINE RIVERS Suite 13, 104 Gympie Road Strathpine, QLD 4500 PROPERTY MANAGEMENT 9/113-137 Morayfield Road Morayfield QLD 4506 AARON CANAVAN COMMERCIAL PRINCIPAL 0447 744 aaron.canavan@raywhite.com948 CHRIS MASSIE DIRECTOR 0412 490 chris.massie@raywhite.com840 MICHAEL TUTTICCI SALES ASSOCIATE 0466 247 michael.tutticci@raywhite.com602 JOSHUA PENGELLY SALES & LEASING ASSOCIATE 0468 393 334 joshua.pengelly@raywhite.com ASHLEY DIRECTORREES-SENIOR ANALYST 0411 707 ashley.rees@raywhite.com410 MICHAELA WEBB PERSONALASSISTANTTO CHRIS MASSIE 0409 202 066 michaela.webb@raywhite.com BAYMORETON BRENDAN KING MARKET ANALYST 1300 255 brendan.king@raywhite.com075 DAVID GOLDSWORTHY SALES & LEASING EXECUTIVE 0481 996 david.goldsworthy@raywhite.com794 CHARLEE LIVESEY ADMINISTRATION ASSISTANT 1300 255 charlee.livesey@raywhite.com075
