Information Memorandum | 123-125 SUTTON STREET, REDCLIFFE | RAY WHITE COMMERCIAL

INFORMATION MEMORANDUM 123 - 125 SUTTON STREET REDCLIFFE QLD 4020

FOR SALE - EXPRESSIONS OF INTEREST CLOSING THURS 22 OCTOBER 2020

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

THE OPPORTUNITY Ray White Commercial Northern Corridor Group and Special Projects QLD are pleased to offer 123-125 Sutton Street, Redcliffe for sale via Expression of Interest campaign closing 4pm Thursday 22 October 2020.

This 2,391m²* allotment is located in the heart of Redcliffe, within the Moreton Bay Region. Redcliffe is home to over 62,000^ people and has 210,000m² of existing retail building footprint in Centre Zone. The new Redcliffe Peninsula Rail Line now connects the seaside to the rest of the region and to Brisbane City. Features include: • 2,391m²* freehold allotment • Drive through access via Sutton Street and John Street • Currently used as a car park • Located next to Blue Water Square Shopping Centre with over 20 stores including Woolworths, Commonwealth Bank, Australia Post, Terry White Chemist and a range of restaurants/fast food outlets • Less than 100m to Redcliffe Parade Council are looking for economic development outcomes with no net loss of existing amenity. For more information on this opportunity or to arrange an inspection, please contact marketing agents Chris Massie or Mark Creevey.

CHRIS MASSIE 0412 490 840

DIRECTOR - COMMERCIAL PRINCIPAL NORTHERN CORRIDOR GROUP chris.massie@raywhite.com *approximate ^Sourced - Moreton Bay Regional Council Website

MARK CREEVEY 0408 992 222

DIRECTOR SPECIAL PROJECTS QLD mark.creevey@raywhite.com

MARKETING AGENTS

CHRIS MASSIE 0412 490 840

EXECUTIVE SUMMARY ADDRESS

123-125 Sutton Street, Redcliffe QLD 4020

REAL PROPERTY DETAILS

L1 RP137633 & L6 RP225966

TITLE REFERENCE

17357187 & 15146167

ZONING

Centre

SITE AREA

2,391m 2*

LOCAL AUTHORITY

Moreton Bay Regional Council

OUTGOINGS

Rates: $226.00 P/A

NET INCOME

$500 P/A from pylon signage currently being negotiated

METHOD OF SALE

Expression of interest closing 4pm, Thurs 22 October 2020

* Approximate

*

DIRECTOR - NORTHERN CORRIDOR GROUP chris.massie@raywhite.com

MARK CREEVEY 0408 992 222

DIRECTOR- SPECIAL PROJECTS QLD aaron.canavan@raywhite.com

TOWN PLANNING

BUILDING HEIGHT LIMIT:

Local Government: Moreton Bay Regional Council Planning Scheme: Moreton Bay Regional Council Planning Scheme 2015 Zone: Centre Zone Local Area Plan: Redcliffe Kippa-Ring Local Plan (Redcliffe Seaside Village Precinct)

The site has a Maximum Building Height of 27 metres. An extract of the MBRC Building Height Plan is outlined below: Max 27m

An extract of the Zoning Map is outlined below: n tto Su

Centre

20

et re St

131 47

123

7

123

et

7

123

re St

129

127

n tto Su

127

123

121

131

129

The purpose of the Centre Zone is: “The purpose of the Centre zone code is to provide for a mix of uses and activities.

These uses include, but are not limited to; business, retail, professional, administrative, community, entertainment, educational, recreational, cultural and residential activities.

Centres have a variety of scales based on their location and surrounding activities�

7 7

L O C AT I O N

There’s never been a more exciting time to invest in the Moreton Bay Region.

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.

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. 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.

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. moretonbay.qld.gov.au

Caboolture

Redcliffe

31,447 Ha

Bellmere, Caboolture, Caboolture South, Elimbah, Moodlu, Wamuran and part of Morayfield

3,825 Ha

Clontarf, Kippa-Ring, Margate, Newport, Redcliffe, Rothwell, Scarborough, Woody Point

Image: Caboolture (2013)

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.

ECONOMY

RESIDENT WORKFORCE 73,000 Population

(as at 30 June 2018) Avg annual growth rate 2.3%

87% Employment Rate 94% State employment rate

$560 Weekly personal income (2016)

33.5 years Median age 20,900 Number of local jobs $5,820 million Gross revenue generated

22% 3+ Vehicle Households 33,000 Daily Vehicle Movements

35,200 Resident labour force

Major Train Station

107 Daily Train Services

2,585 Daily Train Patronage

Health care and social assistance (3,460) Most common employment by industry

+37% (2006-2016)

Caboolture Station 893 Daily Bus Patronage

+1.4% Annual growth (2017-2018)

6

Moreton Bay Regional Council Economic Dashboard

$397,000 Median sale price of new houses

45.3 years Median age

(as at 30 June 2018) Avg annual growth rate 0.9%

$5,430 million Gross revenue generated

246 Businesses with turnover greater than $2M +8% (FY15/16 - FY17/18)

$3,500 Average advertised sale price - commercial ($/m2)

94% State employment rate

(bachelor or higher - 2016)

15% 3+ Vehicle Households 19,800 Daily Vehicle Movements

30,600 Resident labour force

Major Train Station

98 Daily Train Services

1,393 Daily Train Patronage

Health care and social assistance (3,700) Most common employment by industry

Professionals (4,000) Most common occupation +30% (2006-2016)

+4.1% Annual growth (2017-2018)

96 ha / 17 ha Zoned for Industry Use / Vacant Industrial Land

100 ha / 15 ha Zoned for Centre Use / Vacant Centre Land 210,000m² Total Existing Retail Building Footprint in Centre Zone

Major Bus Station

579 Daily Bus Patronage

$311,000 Median sale price of residential vacant land

$3,930 Average advertised sale price - retail ($/m2)

Kippa-Ring Station 405 Daily Bus Services

$620,000 Median sale price of new houses

+35% (2006-2016)

+9% Annual growth (2017-2018)

7 Bus Routes

$442,000 Average residential sale price

$1,670 Average advertised sale price - industrial ($/m2)

(Anzac Avenue, 2017)

Kippa-Ring Station

PROPERTY

$660 State median

13% Education

804 ha / 695 ha Zoned for Industry Use / Vacant Industrial Land

115 ha / 15 ha Zoned for Centre Use / Vacant Centre Land

92% Employment Rate

$600 Weekly personal income (2016)

19,900 Number of local jobs

$200,000 Median sale price of residential vacant land

310,000m² Total Existing Retail Building Footprint in Centre Zone

Major Bus Station

242 Daily Bus Services

62,500 Population

$2,550 Average advertised sale price - retail ($/m2) Labourers (4,580) Most common occupation

RESIDENT WORKFORCE

$350,000 Average residential sale price

+75% (2006-2016)

+4.5% Annual growth (2017-2018)

16 Bus Routes

ECONOMY

$1,770 Average advertised sale price - industrial ($/m2)

(Morayfield Road, 2018)

Caboolture Station

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 +.

$660 State median

8% Education

(bachelor or higher - 2016)

PROPERTY

Image: Redcliffe (2013)

256 Businesses with turnover greater than $2M +25% (FY15/16 - FY17/18)

$3,930 Average advertised sale price - commercial ($/m2)

Moreton Bay Regional Council Economic Dashboard

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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. 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.

NORTHERN CORRIDOR GROUP - MORETON BAY CHRIS MASSIE DIRECTOR - COMMERCIAL PRINCIPAL 0412 490 840 chris.massie@raywhite.com

BLAKE PRIMROSE SENIOR SALES & LEASING EXECUTIVE 0423 555 043 blake.primrose@raywhite.com

SARAH BENBOW ADMINISTRATION ASSISTANT 0401 665 998 sarah.benbow@raywhite.com

ASHLEY REES DIRECTOR - SENIOR ANALYST 0411 707 410 ashley.rees@raywhite.com

SHAYNA KIRK GROUP EXECUTIVE ASSISTANT 0433 574 694 shayna.kirk@raywhite.com

BRENDAN KING MARKET ANALYST 1300 255 075 brendan.king@raywhite.com

AARON CANAVAN ASSOCIATE DIRECTOR 0447 744 948 aaron.canavan@raywhite.com

MICHAELA WEBB PERSONAL ASSISTANT TO CHRIS MASSIE 0409 202 066 michaela.webb@raywhite.com

LOUISE BRETT MARKETING MANAGER 0423 222 022 louise.brett@raywhite.com

TONY WILLIAMS EXECUTIVE DIRECTOR 0411 822 544 tony.williams@raywhite.com

MATTHEW FRITZSCHE EXECUTIVE DIRECTOR 0410 435 891 matthew.f@raywhite.com

DAX ROEP ASSOCIATE DIRECTOR 0421 230 354 dax.roep@raywhite.com

MARK CREEVEY EXECUTIVE DIRECTOR 0408 992 222 mark.creevey@raywhite.com

ANDREW BURKE ASSOCIATE DIRECTOR 0417 606 128 ANDREW.BURKE@RAYWHITE.COM

JAMES HANLEY PROPERTY ANALYST 0408 999 755 james.hanley@raywhite.com

SPECIAL PROJECTS

SUNSHINE COAST

MORETON BAY

PINE RIVERS

SPECIAL PROJECTS

1/172 Brisbane Road Mooloolaba QLD 4557

3/125 Morayfield Road Morayfield QLD 4506

Suite 13, 104 Gympie Road Strathpine, QLD 4500

Level 26, 111 Eagle Street Brisbane, QLD 4000

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