IM - 14 King Street, Caboolture

14 King Street

Caboolture QLD 4510

For sale via offers to purchase closing Thursday 18 July 2024 at 4pm

The Opportunity

Ray White Commercial Northern Corridor Group is pleased to offer 14 King Street, Caboolture for Sale via offers to purchase closing Thursday 18th July 2024 at 4pm.

This freehold office in the heart of the Caboolture CBD is primed for an active investors or owner occupier refurbishment to capitalise on the booming population growth and council driven CBD revitalisation currently under way.

FEATURES:

● 722m²* of freehold land area

● 498m²* total office space across two levels

● Multiple offices and storage areas across both levels

● Flexibility for single or multiple tenancy structures

● Internal male & female amenities on first floor

● Ducted air conditioning on ground floor

● 6 designated car parks with additional 380 spaces available within the Lakes Centre

Contact our team today to arrange your personal inspection.

Executive Summary

14 King Street is perfectly positioned to benefit from this rapidly expanding population catchment. King Street has long been the hub of commercial activity for this region and Council’s latest commitment to revitalisation of the CBD has seen significant investment from private and government sectors.

ADDRESS 14 King Street, Caboolture, QLD, 4510

PROPERTY DETAILS Lot 5 on RP146793

BUILDING AREA 498m²*

Land Area 722m²*

LOCAL AUTHORITY Moreton Bay City Council

ZONING Centre (27m Height potential)

OUTGOINGS $17,377.33 P/A

SALE METHOD

Offers to Purchase closing Thursday 18 July, 2024.

Tenancy Schedule

The property is currently leased on a month to month basis, which provides the flexibility of strong holding income while refurbishment or owner occupier fit out plans are finalised. The current tenant has occupied the property since 2004.

TENANT Food Safety Operations (QLD) Pty Ltd

TERM Rolling Month- to-Month agreement

OPTION N/A

LEASE EXPIRY

GROSS RENT P/A

OUTGOINGS P/A

NET RENT P/A

Either party can terminate the agreement with 3 months notice at any time

$73,200.00 P/A

$17,377.33 P/A

$48,469.68 P/A

Location | Caboolture - Moreton Bay Region

14 King Street is located within walking distance from some of Moreton Bay’s key commercial landmarks and transport infrastructure, providing functionality and amenity for staff:

● Caboolture Courthouse: 70m

● Caboolture Train Station: 180m

● Caboolture Council Chambers: 220m

● Caboolture Square Shopping Centre: 320m

Moreton Bay City Council has committed $44 Million to the revitalisation of the area immediately surrounding this property.

“This revitalisation vision aims to inform a refreshed image and character for Caboolture that is vibrant, adaptable, and sustainable. Caboolture could offer an urban country experience that is fundamentally distinct from Moreton Bay’s other centres.” - Reimagining Caboolture Vision Doc

Market Commentary - Caboolture West & Caboolture CBD

In the next 40 years, Caboolture West will accommodate about 70,000 residents and 30,000 homes and represents one of the most significant development precincts in the country. The master planned community of Waraba (Caboolture West) is slated to play a significant role in addressing population growth in the Moreton Bay region, which is forecast to grow to 690,000 residents—an additional 200,000+ residents—by 2042.

We have identified three clear reasons why the fast tracking of the first 2,000 lots in the Caboolture West master plan should turbo charge the Caboolture CBD property market.

1. Council CBD Revitalisation Commitment

The Moreton Bay City Council has committed $44 million over the next five years to “reimagine” the Caboolture CBD. The twelve projects are designed to improve connectivity, amenity and functionality of the whole CBD area, which will benefit all existing tenancies. This will be magnified by the ongoing private investment into high density affordable housing around the CBD.

2. Commercial Supply constraints

Being purely residential, no portion of the first Caboolture West release will provide any relief to the already constrained commercial land supply in the region. Businesses looking to capitalise on the booming population of the region will need to jockey for position on King Street or the surrounding back streets of the existing Caboolture CBD.

3. Competitive Advantage

Even when future commercial centres are delivered, the cost of construction and access to key transport infrastructure will make it difficult for new developments to compete with existing Caboolture CBD buildings purchased at today’s rates. King Street will benefit from being one of the major feeder roads for Caboolture West and the Caboolture train station will remain the primary transportation hub for the region.

Smartmap

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 b y 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 t o 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 t o 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 t o whether any listing price is inclusive or exclusive of GST.

5. We are not valuers and make no comment as to value. “S old/ leased” designations show only that stock is “currently not available” – no t 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.