INFORMATION MEMORANDUM - Lot 2 & 3 King Street BUDERIM QLD 4556

INFORMATION MEMORANDUM LOTS 2 & 3, 8 KING STREET BUDERIM QLD 4556

Prepared by Ray White Commercial Northern Corridor Group

THE OPPORTUNITY Emily Pendleton of Ray White Commercial Northern Corridor Group is pleased to present Lots 2 & 3, 8 King Street, Buderim as a tenanted investment for sale by Expressions of Interest.

The property is situated within a high profile, beautifully presented building with with strong visibility in a well-established commercial precinct. The premises forms part of the regions key retail centre with the likes of Century 21, Grant Smith Real Estate & The Coffee Club with ample onsite car parking.

This Information Memorandum is to be read subject to the disclaimers provided in this report.

Lots 2 & 3, 8 King Street, Buderim will be sold by the way of Expressions of Interest closing Thursday 7th February 2018 at 4pm.

1

EXECUTIVE SUMMARY Address

Lots 2 & 3, 8 King Street, Buderim Q 4556

Legal Description

L2 SP 261017 L3 SP 261017

Title References

Lot 2 50922735 Lot 3 50922736

Zone

Local Centre Zone – Sunshine Coast Planning Scheme 2014

Building Areas

Lot 2 – 65m2 Lot 3 – 84m2 Total – 149m2

Outgoings (Estimated)

Location

Method of Sale

Lot 2

Lot 3

Council Rates

$2,398.22

$2,680.98

Body Corporate

$5,961.94

$96,354.90

Water Rates

$747.88

$811.44

Total

$9,108.04*

$9.847.32*

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200m to Burnett Street

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1.4km to Maroochydore CBD

-

1.1km to Sunshine Motorway

The Property will be sold by the way of Expressions of Interest.

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

TENANCY SCHEDULE Tenant

Area M2

Term (Years)

Expiry

Options (Years)

Price M2

Increases

Lease Type

Rent P/A

149m2

5 years

7/7/2023

1x5

$582.00

3%

Net

$86,718

Lots 2 & 3 McGrath Real Estate Buderim

It all began in 1988 in a small office in Paddington, Sydney, where John McGrath developed a real estate philosophy based on integrity and transparency, and a process to deliver outstanding results for clients.

McGrath has grown to be one of Australia's most successful residential real estate groups. The McGrath network currently has 95 offices throughout the East Coast of Australia. It has an established market presence in NSW, QLD and the ACT, and has now expanded into Victoria.

An integrated real estate services business, McGrath operates five business units providing residential property sales, property management, mortgage broking, auction services and career training.

McGrath Buderim are experts in the residential, waterfront and rural precincts that form the stunning central Sunshine Coast region of south east Queensland. With extensive knowledge of the local area, the dynamic sales and property management team at McGrath Buderim pride themselves on offering personalised, professional and high quality real estate services to their clients.

TOWN PLANNING The property falls under the Sunshine Coast Council. For ease of reference a summary of the Property’s planning is provided below: Protocols

Buderim Local Plan Area

Zoning

Local Centre Zone

Permissible Uses

Car Wash, Food & Drink Outlet, Dwelling Unit, Multiple Dwelling, Rooming Accomodation, Short-Term Accomodation, Bar, Garden Centre, Hardware & Trade Supplies, Health Care Services, HomeBased Businesses, Hotel, Market, Office, Service Station, Sales Office, Shop, Shopping Centre, Veterinary Service, Child Care Centre, Educational Establishment, Emergency Services & Indoor Recreation

(Include however are not limited to)

Height Limit/Definition

8.5m

WHY INVEST ON THE SUNSHINE COAST?

PROJECT TEAM Emily Pendleton

Sales & Leasing Executive

M: 0402 435 446

E: emily.pendleton@raywhite.com

Emily commenced her sales career with Financial Advisors, a role she enjoyed for three years, before transitioning into commercial real estate. Starting as a sales cadet in 2013, she quickly established herself as a retail specialist for Mooloolaba and Maroochydore before joining the Northern Corridor office in 2014 as sales and leasing agent.The Big Top, River Markets and Moko are just a few of the developments she has been involved in successfully marketing and leasing.

Emily has a Cert IV in Mortgage Broking and Insurance, Diploma in Financial and Mortgage Broking and traineeship in Insurance Broking Management. She is currently studying for a BA degree in Property Economics and Development at the University of the Sunshine Coast.

LEGAL INFORMATION 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 Commercial 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.

ANNEXURE A Title Search

ANNEXURE B Extraction of Building Unit Plan

ANNEXURE C Expression of Interest Form Address: Date:

Submit to: Attention to Phone

Ray White Commercial Northern Corridor Group c/- Emily Pendleton 0402 436 446

Fax

07 5430 3799

Email address

emily.pendleton@raywhite.com

Address

Level 1, 172 Brisbane Road Mooloolaba, QLD 4557

1. Interested Party’s Details Person or Company Name ACN or ABN (if applicable) Significant shareholders / Directors (if company) Address Contact Person Telephone No. Facsimile No. Email Address

2. Interested Party’s Solicitors Details Firm Name Contact Person Address Telephone No. Facsimile No. Email Address

3. Price + GST Purchase Price

$

4. Settlement Details Settlement Period

days from Contract Date

5. Finance (if required) Finance

days from Contract Date

6. Deposit Deposit

$

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days from Contract Date

7. Special Conditions

8. Acknowledgement I/we acknowledge that: (a) I/we have completed sufficient independent examination, investigation and inspection of the Property as I/we consider appropriate prior to submitting an Offer to Purchase; (b) The Vendor may at any time (in their discretion) alter or discontinue the process of the sale of any or all of the Property and , if they do so, the Vendor will not incur any liability whatsoever to any interested Party; (c) The Vendor reserves the right to call upon me/us to provide evidence of my/our ability to complete the purchase

Dated this _____________ day of _______________ 2018

Executed for and on behalf of:

______________________________ Print name of Interested Party

______________________________ Signature

______________________________ Position of Signatory (if company)

OUR TEAM MICHAEL SHADFORTH COMMERCIAL PRINCIPAL 0488 981 076 michael.shadforth@raywhite.com

JORDAN HAYES SALES & LEASING EXECUTIVE 0417 999 331 jordan.hayes@raywhite.com

EMILY PENDLETON SALES & LEASING EXECUTIVE 0402 435 446 emily.pendleton@raywhite.com

JASON WRIGHT COMMERCIAL ASSET INVESTMENT SUPPORT MANAGER 0451 497 368 jason.wright@raywhite.com

Level 1, 172 Brisbane Road, Mooloolaba QLD 4557 1300 25 50 75 raywhitecommercialnortherncorridorgroup.com