INFORMATION MEMORANDUM 52-54 Mary Street Gympie QLD 4570 For Sale Prepared by: Ray White Commercial Northern Corridor Group
MARKETING AGENTS
Emily Pendleton 0402 435 446 emily.pendleton@raywhite.com
Luke Hobman 0434 053 164 luke.hobman@raywhite.com
CONTENTS PAGE
EXECUTIVE SUMMARY
3
THE OPPORTUNITY
5
AERIAL
7
LOCATION
9
DISCLAIMER
10
EXECUTIVE SUMMARY
ADDRESS
52-54 Mary Street, Gympie Q 4570
LOCAL AUTHORITY
Gympie Regional Council
PROPERTY DETAILS
Lots 2 & 10 on RP77535
ZONING
Central Business District
LAND SIZE
710m2*
NLA
190m2*
OUTGOINGS - 52 Mary St
NIL
OUTGOINGS - 54 Mary St
$5,142 + GST Per Annum*
NET INCOME
$40,300 + GST Per Annum*
SALE PRICE
$650,000
* Approximately
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THE OPPORTUNITY Ray White Commercial Northern Corridor Group is pleased to present to the market 52-54 Mary Street, Gympie for sale. Offered to the market for the first time in 30 years, this incredible investment has ample development potential and investment upside. Access via both Mary and Young Streets in a flood-free zone makes this Gympie's best commercial opportunity. LOCATION • Situated on thriving retail strip • High level foot and vehicle traffic • 700m* to Goldfields Shopping Plaza & Cinemas • 1.4km* to Gympie Hospital • 1.6km* to Bruce Highway TENANTS • 52 - Pina Colada • 54 - Better Homes & Gardens Real Estate Gympie
* Outline and location indicative
INVESTMENT Secured Income To November 2025 - 52 Mary Street • Secured Income To December 2024 - 54 Mary Street • 190m2^ NLA • $40,300* Net Income
TENANCY SCHEDULE
52 MARY STREET
54 MARY STREET
LEASE START
11/11/2020
01/01/2020
LEASE EXPIRY
10/11/2025
31/12/2024
1 x 3 Years
1 x 5 Years
$20,602.41 + Outgoings + GST P/A
$24,667.56
100%
Included in Rent ($5,142)
CPI
CPI
$5,500 Cash
$1,800 Cash
OPTIONS
RENT
OUTGOINGS
RENT REVIEWS (ANNUAL)
BOND
* Approximately
TENANTS
Pina Colada Pina Colada offers an exciting range of women's clothing and shoes aimed at everyday wear. https://www.facebook.com/pinac oladagympie/
Better Homes & Gardens Real Estate Better Homes & Gardens are a boutique real estate agency specialising in sales & asset management across the Gympie region. https://www.bhgre.com.au/office/ gympie/
* Outline and location indicative
AERIAL
LOCATION GYMPIE Gympie is located on the Bruce Highway - the main thoroughfare that links Brisbane to Tropical North, Central, and the Outback regions of Queensland. Improved road and rail transport offer new opportunities for investment, business development and connection to growing markets. Over the coming years the Gympie region is anticipated to attract over $1billion in new road infrastructure and over $3billion in renewable energy projects.
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* Outline and location indicative
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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 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.
* Outline and location indicative
Luke Hobman
Emily Pendleton
0434 053 164 luke.hobman@raywhite.com
0402 435 446 emily.pendleton@raywhite.com