Information Memorandum | 2/77-79 Pasturage Road, Caboolture | Northern Corridor Group

INFORMATION MEMORANDUM 2/77-79 PASTURAGE ROAD CABOOLTURE QLD 4510

FOR SALE

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 is pleased to offer 2/77-79 Pasturage Road, Caboolture for Sale as a tenanted investment.

This state of the art food production facility boast a 7 year lease to a company supplying some of the major supermarkets across Australia. Significant investment from both tenants and owners makes this one of the premier food production facilities in the region and provides flexibility for future tenant expansion and upgrades. The modern tilt panel building is located only 1 kilometre from the Bruce Highway in the tightly held Corporate Park Industrial Estate.

FEATURES: - 1,654m2 commercial kitchen facility - Leased to food wholesale company on 7 year lease ending 2025 - Current net income of $201,040 per annum - 6.5 metre clear span tilt panel construction - 110m2 office space over two levels - Full electric container height roller doors - 3-phase power - Ample car parking on site - Provision for 5 tonne overhead gantry crane - Extensive power and plumbing upgrades For more information on this opportunity or to arrange an inspection, please contact exclusive marketing agents Chris Massie or Aaron Canavan.

CHRIS MASSIE 0412 490 840

DIRECTOR - COMMERCIAL PRINCIPAL chris.massie@raywhite.com

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

EXECUTIVE SUMMARY

ADDRESS

2/77-79 Pasturage Road, Caboolture QLD 4510

REAL PROPERTY DETAILS

Lot 2 on SP215464

ZONING

General Industry

SITE AREA

1,654m ² *

LOCAL AUTHORITY

Moreton Bay Regional Council

OUTGOINGS

$44,824.34*

CURRENT NET INCOME

$201,040 per annum

SALE PRICE

$2,500,000

MARKETING AGENTS

CHRIS MASSIE 0412 490 840

DIRECTOR - COMMERCIAL PRINCIPAL chris.massie@raywhite.com

OUTGOINGS RATES

$5,400.00*

WATER

$2,000.00*

BODY CORPORATE LEVIES

$21,322.79*

LAND TAX

$2,451.55*

REPAIRS & MAINTENANCE

$2,000.00*

MANAGEMENT FEES

$10,650.00*

ACCOUNTING FEE

$1,000.00*

TOTAL

$44,824.34*

* Approximate

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

TENANCY OVERVIEW Tenant

Fresh Start Equity Pty Ltd (Trading as Fare & Frolic)

Size

1,654m2

Rent

$201,040 per annum net

Commencement 1/03/2018 Lease Term

Seven (7) years

Options

2 x Five (5) Year Options

Reviews

3% annually

Outgoings

100% Payable by tenant

Security

$104,225.00 bank guarantee

Description

Commercial kitchen preparing health conscious frozen meals, distributed through major Supermarkets, Gyms and Health food stores across the country.

LOCATION

Situated within an established industrial precinct, the property is centrally located and in close proximity to Sundowner Hotel/Motel, McDonalds Bribie Interchange and various Industrial tenancies. This quality asset is approximately 40 minutes from Brisbane CBD, 40 minutes from the Sunshine Coast and 30 minutes to the Brisbane Airport.

Road System, Access & Exposure Conveniently accessible via the Bribie Island interchange/Caboolture exits which lead directly into Corporate Park Industrial Estate.

Services & Amenities Electricity, town water, sewerage and telephone services are available and connected to the property.

PLANS - TENANCY FIT OUT

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.

BROCKE HAMBRECHT SALES MANAGER & AUCTIONEER 0466 599 724 brocke.hambrecht@raywhite.com

TREVOR NELSON-JONES SALES & LEASING EXECUTIVE 0407 736 521 trevor.nelson-jones@raywhite.com

SUNSHINE COAST

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

PINE RIVERS

MORETON BAY

CHRIS MASSIE DIRECTOR - COMMERCIAL PRINCIPAL 0412 490 840 chris.massie@raywhite.com

MICHAEL SHADFORTH DIRECTOR - COMMERCIAL PRINCIPAL 0488 981 076 michael.shadforth@raywhite.com

JULIE RYAN MAJOR ASSET SALES 0447 445 453 julie.ryan@raywhite.com

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

ROB DAWSON SALES & LEASING EXECUTIVE 0422 786 205 rob.dawson@raywhite.com

EMILY PENDLETON ASSOCIATE DIRECTOR 0402 435 446 emily.pendleton@raywhite.com

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

SEAN SKEFFINGTON SALES & LEASING EXECUTIVE 0422 587 143 sean.skeffington@raywhite.com

CHRISTINE FRENEY SALES & LEASING EXECUTIVE 0432 170 380 christine.freney@raywhite.com

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

LUKE HOBMAN SALES & LEASING EXECUTIVE 0434 053 164 luke.hobman@raywhite.com

BLAKE WEIGEL SALES ASSOCIATE 0434 552 331 blake.weigel@raywhite.com

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

STACI TOBIN ADMINISTRATION ASSISTANT 0466 248 654 staci_tobin@raywhite.com

SAMUEL HOY SALES & LEASING EXECUTIVE 0423 795 273 samuel.hoy@raywhite.com

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

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

DAVID GOLDSWORTHY SALES & LEASING EXECUTIVE 0481 996 794 david.goldsworthy@raywhite.com

SUNSHINE COAST

MORETON BAY

PINE RIVERS

PROPERTY MANAGEMENT

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DWAINE BATHERN SALES & LEASING ASSOCIATE 0499 568 419 dwaine.bathern@raywhite.com

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