782 Pacific Parade, Currumbin - Proudly Presented by John Parkes RWTE

Information Memorandum 7 8 2 PA C I F I C PA R A D E , C U R R U M B I N Q L D 4 2 2 3

w w w . r a y w h i t e t u g u n . c o m

Contents 01 | THE OPPORTUNITY 02 | EXECUTIVE SUMMARY 03 | SITE DETAILS 04 | INVESTMENT HIGHLIGHTS 05 | INCOME & LEASE INFO 06 | LOCATION 07 | GOLD COAST OUTLOOK 08 | OUTGOINGS & TERMS

The Opportunity.

Ray White Tugun Elanora are pleased to present to the market

782 Pacific Parade, Currumbin.

A rare offering of supreme potential this beachfront property is superbly situated along the picturesque Currumbin coastline commanding one of the best positions on the Gold Coast.

Tightly held exceptional opportunities such as this are rare, especially in such an exemplary location.

Currently operating as Currumbin Beach Dental with a one bedroom residential unit upstairs, the opportunities here are huge! Offering a range of captivating options, the new owner may wish to retain the building in its current form or perhaps renovate the existing building to completely redevelop the entire site into a significant new development or new dream home (STCA).

• 405m2 beachside land (Neighbourhood Centre) • Short walk to iconic Cafes, Surf Clubs, Restaurants and Beaches • Short walk to public transport, shops & local amenities • Easy access to M1, Gold Coast Airport, John Flynn Private Hospital & Southern Cross Uni • Short Drive or bike ride to Tugun Village, Coolangatta and Palm Beach Within walking distance to Tugun Village’s trendy cafes and restaurants or a bike ride along the coastline to Coolangatta and Palm Beach, perfectly placed to live the beachfront lifestyle you desire. Embrace the ultimate lifestyle of an endless summer!

For all further details regarding inspections, leases, financials, rates etc please don’t hesitate to contact us at any time.

John Parkes

Executive Summary A D D R E S S 7 8 2 PAC I F I C PA R A D E , C U R RU M B I N Q L D 4 2 2 3 R E A L P RO P E RT Y D E S C R I P T I O N

L3 RP58695

S I T E A R E A M 2 4 0 5 m 2 LO C A L G OV E R N M E N T AU T H O R I T Y ZO N I N G * A p p rox i m a t e l y

Gold Coast City Council

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782 Pacific Parade, Currumbin

INTERNAL: 160M2 EXTERNAL: 38M2 A P P ROX TOTA L : 1 9 8 M 2

Investment Highlights P OT E N T I A L

FUTURE UPSIDE

I N F R A S T RU C T U R E B O O S T

The current lease in place will be

Medium density residential zone

T h e l i g h t ra i l s t a g e 4 w i l l c o n n e c t

vo i d w h e n a c o n t ra c t o f s a l e i s

code with a 23m building height

the rest of the Gold Coast with

e s t a b l i s h e d , g i v i n g yo u f r e e d o m &

l i m i t o f f e r i n g f u t u r e d eve l o p m e n t

C o o l a n g a t t a A i r p o r t a n d p r ov i d e

peace of mind for further

p o t e n t i a l ( S TC A ) t o c a t e r f o r

d eve l o p m e n t o p p o r t u n i t i e s .

the booming population growth

a b s o l u t e c o nve n i e n c e t o C u r r u m b i n .

The 2032 Olympics will see an

ex p e c t e d ove r t h e n ex t 2 5 ye a r s .

i n f ra s t r u c t u r e i n j e c t i o n t o S E Q.

E S TA B L I S H E D LO C AT I O N

H I G H LY AC C E S S I B L E

R E N TA L P RO J E C T I O N S

T h e G o l d C o a s t i s o n e o f A u s t ra l i a’ s

E a s i l y a c c e s s i b l e f r o m Pa c i f i c P r d ,

Residential - $520 - $560 per week

fastest growing regions and is home

with on-street parking directly out

Commercial - $5,200 - $7,000 per

to a population of 635,000 with

t h e f r o n t p l u s g a ra g i n g s p a c e f o r o n e

calendar month, pending business

p r o j e c t i o n s o f 8 0 0 , 0 0 0 + by 2 0 3 1 .

ve h i c l e .

type.

The Location Lo c a t e d o n l y m e t r e s f r o m C u r r u m b i n B e a c h a n d o n l y a f e w m i n u t e s f r o m t h e G o l d C o a s t H i g h w ay, 7 8 2 Pa c i f i c Pa ra d e o f f e r s a n u n p a ra l l e l e d o p p o r t u n i t y u n d e r p i n n e d by w o r l d c l a s s a m e n t i t y a n d d eve l o p m e n t u p s i d e .

T h e p r o p e r t y i s a l s o c o nve n i e n t l y p o s i t i o n e d 4 k m* f r o m t h e G o l d C o a s t I n t e r n a t i o n a l A i r p o r t a n d 3 k m* f r o m t h e Q u e e n s l a n d - N e w S o u t h Wa l e s b o r d e r. J u s t a s h o r t w a l k a w ay i s t h e w o r l d r e n o w n e d C u r r u m b i n W i l d l i f e S a n c t u a r y w h i c h a t t ra c t s h u n d r e d o f t h o u s a n d s o f v i s i t o r s e a c h ye a r.

C u r r e n t l y u n d e r i nve s t i g a t i o n i s t h e d eve l o p m e n t o f G o l d C o a s t L i g h t R a i l S t a g e 4 , c o m p r o m i s i n g a 1 3 k m ex t e n s i o n s o u t h o f t h e L i g h t R a i l S t a g e 3 , l i n k i n g B u r l e i g h Heads to Coolangatta via the Gold Coast Airport. The immediate 2km Medium D e n s i t y R e s i d e n t i a l c a t c h m e n t i s p o i s e d f o r s i g n i f i c a n t g r o w t h ove r t h e n ex t d e c a d e w i t h t h e p o p u l a t i o n p r o j e c t e d t o i n c r e a s e t o ove r 1 4 , 0 0 0 r e s i d e n t s u p f r o m 1 2 , 8 0 0 * t h i s ye a r. T h i s i s b a c ke d u p by a s t r o n g 2 % ave ra g e a n n u a l g r o w t h ra t e f r o m 2 0 1 6 2 0 2 0 , w e l l a b ove t h e Q u e e n s l a n d ave ra g e .

T h i s g r o w t h w i l l b e u n d e r p i n n e d by s i g n i f i c a n t g e n t r i f i c a t i o n a n d a n u p t i c k i n boutique residential projects already seen in Gold Coast’s northern suburbs. The c o n s t r u c t i o n o f S t a g e 4 L i g h t R a i l i s ex p e c t e d t o p l a c e m o r e e m p h a s i s o n h i g h e r d e n s i t y ove r t h e n ex t d e c a d e .

W i t h t h e r e c e n t a n n o u n c e m e n t o f B r i s b a n e’ s s u c c e s s f u l b i d t o h o s t t h e 2 0 3 2 O l y m p i c G a m e s , a n u m b e r o f key i n f ra s t r u c t u r e p r o j e c t s t h r o u g h o u t t h e S o u t h - E a s t Q u e e n s l a n d r e g i o n w i l l b e f a s t t ra c ke d t o h e l p f a c i l i t a t e a n t i c i p a t e d p o p u l a t i o n g r o w t h a n d e c o n o m i c a c t i v i t y. T h e s e i n c l u d e t h e C o o m e ra C o n n e c t o r U p g ra d e s , South-east Queensland’s High Speed Rail proposal and the Gold Coast Star Entertainment Masterplan precinct.

*A p p rox i m a t e l y

Gold Coast Outlook Australia’s Gold Coast is the leading tourism capital of Queensland boasting arguably one of the best lifestyles in the world.

As Queensland’s second largest city, the Gold Coast is one of Australia’s fastest growing regions and is home to a population of 635,000 with projections of 800,000+ by 2031.

Situated just over an hour’s drive from the Brisbane CBD, Gold Coast offers some of the world’s greatest beaches, parkland and tourist precincts. Framed by 57 kilometres of pristine coastline and a network of stunning waterways and canals, the city offers outstanding affordable housing opportunities and some of Australia’s most prized real estate.

The Gold Coast now accounts for more than 10 percent of Queensland’s gross state product with the value of the economy more than doubling over the past 20 years. With now more than 70,000 registered businesses across the region, the Gold Coast has seen it’s economy diversify through the growth of key industries including sport, education, technology and healthcare.

The local economy generated over $38 Billion in Gross Regional Product in 2020, buoyed by soaring levels of domestic travel and interstate migration. With the re-commencement of international travel on the horizon it is anticipated that a surge of international tourism and migration will help push the local economy towards new heights.

In 2018, the Gold Coast successfully delivered the Commonwealth Games, staging an impressive 11 days of sport, arts and culture - inspiring people from around the world and placing the city on the world stage. Boosting tourism, driving trade and investment, delivering new and improved infrastructure, and extending QLD’s status as a place for world-class events, was a key catalyst for the 2032 Olympic Bid. With the Brisbane 2032 Olympic Games now officially confirmed, the Gold Coast is set to play a critical role in delivering Queensland’s largest ever sporting event. Over $25 billion in infrastructure investment will continue to transform the region into a globally competitive city dedicated to business and employment growth.

G O L D C OA S T L I G H T R A I L | S TAG E 4 E X T E N S I O N Estimated Project Cost $500 Million+

Completion TBC

G O L D C OA S T H E A LT H A N D K N O W L E D G E P R E C I N C T Estimated Project Cost $5 Billion

Completion 2030

K I R R A B E AC H H OT E L D E V E LO P M E N T Estimated Project Cost $380 Million

Completion TBC

C O O M E R A C O N N E C TO R Estimated Project Cost $1.53 Billion

Completion 2025

G O L D C OA S T S TA R E N T E RTA I N M E N T | M A S T E R P L A N Estimated Project Cost $2 Billion

Completion 2024

Q U E E N S T R E E T V I L L AG E | M A S T E R P L A N Estimated Project Cost $500 Million

Completion 1st Stage 2021

B R I S B A N E 2 0 3 2 O LY M P I C G A M E S | M A S T E R P L A N Estimated Project Cost $5 Billion

Completion 2032

G O L D C OA S T A I R P O RT | M A S T E R P L A N Estimated Project Cost $5 Billion

Completion 2032

Outgoings - Rates: $14,213.65* (12 months) - Building insurance: TBA * A p p rox i m a t e y.

Terms of Sale INSPECTIONS I n s p e c t i o n o f t h e p r o p e r t y i s h i g h l y r e c o m m e n d e d a n d c a n b e a r ra n g e d by a p p o i n t m e n t w i t h J o h n Pa r ke s .

ENQUIRIES A l l e n q u i r i e s r e g a r d i n g i n f o r m a t i o n a n d r e q u e s t s f o r i n s p e c t i o n s a r e t o b e d i r e c t e d t o J o h n Pa r ke s .

FINANCE We e n c o u ra g e a l l p o t e n t i a l b u ye r s t o c o n t a c t C o n n o r S u m m e r s o f Lo a n M a r ke t , i f t h ey w o u l d l i ke a s s i s t a n c e i n s e e k i n g f i n a n c i n g . H e c a n b e c o n t a c t e d o n 0 4 1 6 8 3 8 6 7 3 o r c o n n o r. s u m m e r s @ l o a n m a r ke t . c o m . a u L E A S E

Le a s e d o c u m e n t s & t e n a n c y i n f o r m a t i o n i s av a i l a b l e u p o n r e q u e s t .

C O N T R AC T D O C U M E N T

T h e c o n t ra c t d o c u m e n t i s av a i l a b l e u p o n r e q u e s t t o t h e exc l u s i ve s e l l i n g a g e n t s .

DUE DILIGENCE

A l l p r o s p e c t i ve b u ye r s a r e r e s p o n s i b l e f o r t h e i r o w n d u e d i l i g e n c e a n d a r e r e c o m m e n d e d t o d o s o p r i o r t o m a ke a n o f f e r o r b i d . Fo r m o r e i n f o r m a t i o n o n t h e s a l e p r o c e s s o r t o o r g a n i s e a n i n s p e c t i o n , p l e a s e c o n t a c t t h e exc l u s i ve agents.

John Parkes

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. Tym- Ark Investments PL as Trustee trading as Ray White Tugun Elanora 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.

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