INFORMATION MEMORANDUM 4/30 MAIN STREET NARANGBA QLD 4504
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 are pleased to offer 4/30 Main Street, Narangba for sale. FEATURES • • • • • • • •
159m2 strata unit Tenancy would suit office/medical or retail 1 year rental guarantee for investors $83,500 net per annum income Rental guarantee to commence upon settlement of sale Kitchenette Internal amenities Located in Narangba Health Centre adjoining the Narangba Village Shopping Centre and directly opposite the Narangba Train Station • Neighbouring businesses include Narangba Family Medical Practice, Pathology and Optometrist • Surrounded by residential development with significant growth expected in this precinct
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
SALES & LEASING EXECUTIVE aaron.canavan@raywhite.com
EXECUTIVE SUMMARY
ADDRESS
4/30 Main Street, Narangba
REAL PROPERTY DETAILS
Lot 4 on proposed SP316098
ZONING
Urban Neighbourhood
SITE AREA
159m ² *
LOCAL AUTHORITY
Moreton Bay Regional Council
OUTGOINGS
$11,690* PA
RENTAL INCOME
$83,500 P/A Net
SALE PRICE
$1,390,000 +GST (if applicable)
MARKETING AGENTS
CHRIS MASSIE 0412 490 840
DIRECTOR - COMMERCIAL PRINCIPAL chris.massie@raywhite.com
AARON CANAVAN 0447 744 948
SALES & LEASING EXECUTIVE aaron.canavan@raywhite.com
* Approximate
Caloundra Highway
Sunshine Coast Region
There’s never been a more exciting time to invest in the Moreton Bay Region.
Rail Line Airport Port City
Moreton Bay is the third largest local government area in Australia by population, and has been recognised as a region with one of the fastest-growing populations, and the strongest-growing economies in the country.
Woodford Ag
The region provides the perfect balance between business and lifestyle, and is located in South East Queensland’s northern growth corridor, just north of the Brisbane CBD. Moreton Bay has easy access to the Brisbane CBD and major transport and export infrastructure, including the Brisbane and Sunshine Coast international airports, Port of Brisbane, Bruce Highway, and Redcliffe Peninsula and Sunshine Coast rail lines.
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Bribie Island
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Caboolture Morayfield
Somerset Region
Major regional infrastructure projects such as The Mill at Moreton Bay and the $1 billion Redcliffe Peninsula Rail Line are underpinning new, exciting opportunities for continued economic development, employment growth and business confidence into the future.
Dayboro
Bruce Highway
D’
Narangba Dakabin
Rothwell Redcliffe North Lakes App rox Petrie . 25 Griffin km Strathpine
Moreton Bay
Brendale
MORETON BAY REGION PROPERTY
Our region is a diverse economy and a hive of opportunity. The local areas are hubs of innovation and industry, and home to an existing skilled labour force.
The region is home to leading manufacturers in construction, machinery, agribusiness and beyond. Moreton Bay currently provides access to local jobs for 66% of working residents.
Significant property development and land release will continue to create demand for businesses wanting to establish a base to service local, state, national and international markets.
(2018 est)
357,499 (2008) 29% increase
37.6 years Median age
(2017)
118,800 Local jobs (2018)
103,280 (2011) 15% increase
$18,570 million Gross regional product $8,928 million (2008) 108% increase
14% Education
(of residents have a degree or higher - 2016)
2
Moreton Bay Regional Council Economic Dashboard
(March qtr 2019) 6.1% (Qld)
$650 Weekly personal income (2016) 237,000 People in the Labour force
4,130 Residential buildings approved (*30 April 2019)
32,300 Businesses in Moreton Bay (30 June 2019)
$584 million Value of non-residential building approvals (*30 April 2019)
2,700 New business registrations (FY 2018-19)
•
$247 million (2008)
$445,000 House sales median price (<2400m2) (*March 2019)
Council’s $655 million 2019/20 budget will provide more than $227 million for capital works with a focus on community infrastructure and healthy and active lifestyle opportunities. It includes: ○
$806 million (2008)
(March qtr 2019)
Port of Brisbane
Minutes from airport to: Redcliffe - 25 mins Strathpine - 20 mins Caboolture - 35 mins
MAJOR REGIONAL PROJECTS
$1,077 million Value of residential building approvals (*30 April 2019) 390 Number of non-residential building approvals (*30 April 2019)
33% increase since June 2016
Arana Hills
Brisbane City
RESIDENT WORKFORCE
7.3% Unemployment
m
QLD
ECONOMY
459,600 Population
Approx . 10 k
Samford
•
$112 million on road and transport networks to improve connectivity, travel time and transport options.
○
$54 million to rehabilitate, protect and enhance the natural environment, plus an additional $24.2 million towards management of waterways and coastal areas.
○
$34 million on sport and recreation including $5 million towards construction of the new Griffin Sports Complex, $3.2 million for the next phase of the Nathan Road Sporting Precinct, Rothwell.
•
The Mill at Moreton Bay will feature the USC Moreton Bay Campus, innovation hub, vibrant urban centre and a designated koala conservation area.
•
USC Moreton Bay Campus at Petrie will open in early 2020 and is Australia’s first greenfield university in 20 years.
•
$925.5 million is being spent on Bruce Highway upgrades between Pine River and Caloundra Road interchange.
•
The $1 billion Redcliffe Peninsula Rail Line will service 618,000 residents by 2036 and 39 new residential developments.
•
Other important regional projects include: Caboolture Hospital expansion, New Special School Caboolture, Redcliffe Hospital upgrade, Dakabin Train Station upgrade and Griffin State School expansion.
The Mill Priority Development Area covers around 460ha of land across Petrie, Kallangur and Lawnton providing opportunity to fast-track development in conjunction with a brand new university precinct.
+0% (Qtrly change) * Year ending
Moreton Bay Regional Council Economic Dashboard
3
ECONOMIC DEVELOPMENT IN ACTION MORETON BAY: OUR GROWING REGION
THE MILL AT MORETON BAY: A BRIGHT FUTURE
Moreton Bay Region is expected to increase its population by 240,000 by 2041, to approximately 690,000. This represents more than a 50% increase over the next 25 years. By comparison it is anticipated that by 2031 the Moreton Bay Region will have a larger population than Tasmania.
With a University of the Sunshine Coast campus at its core, The Mill at Moreton Bay will be a thriving major precinct generating higher education and employment opportunities.
The 2016 Census recorded North Lakes as the fastest-growing area in Queensland.
Concept images of University of the Sunshine Coast Moreton Bay Campus.
Located at Petrie, it is on track to welcome students in 2020 and will be supported by additional work, study and community facilities.
HASSELL © 2017
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Our region has the ninth highest number of registered businesses of any other local government area in Australia.
$35 million grant
connecting communities
from the Federal Government
through a transport network
10,000 students
110 hectares
Home to over 32,300 registered businesses, supporting more than 118,800 jobs.
Substantial growth in suburbs along the Redcliffe Peninsula rail corridor, with over 50,000 jobs forecast by 2036.
Aerial view of works at The Mill at Moreton Bay site in May 2019.
One of Queensland’s strongest economies with our Gross Regional Product exceeding $18 billion.
in the first 10 years
of environmental corridors
6,000
$950 million*
ongoing jobs Since 2010 the number of visitors to the region has increased to 3.6 million, generating $1 billion for the local community.
For more information about Moreton Bay Regional Council’s Economic Development Action Plan visit mbrc.qld.gov.au/economic-development/action-plan
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Moreton Bay Regional Council Economic Dashboard
annual industry output in the greater Moreton Bay Region * Estimated by KPMG 2015
The Mill at Moreton Bay is a strategic land holding purposed to supply education, employment and lifestyle services to cater for Moreton Bay’s growing population. We look forward to discussing opportunities for investment.
Suburbs along the Redcliffe Peninsula Rail Line will be home to over 50,000 jobs by 2036.
For more information about this project, or to learn how you can be involved, visit moretonbay.qld.gov.au/themill
Moreton Bay Regional Council Economic Dashboard
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Caboolture
Redcliffe
31,447 Ha
Bellmere, Caboolture, Caboolture South, Elimbah, Moodlu, Wamuran and part of Morayfield
3,825 Ha
Clontarf, Kippa-Ring, Margate, Newport, Redcliffe, Rothwell, Scarborough, Woody Point
Image: Caboolture (2013)
Identified as the principal regional activity centre of Moreton Bay Region, Caboolture is home to a number of major public infrastructure facilities including hospitals, schools and emergency services. Investment opportunities include a broad range of health and community assistance industry activities.
ECONOMY
RESIDENT WORKFORCE 73,000 Population
(as at 30 June 2018) Avg annual growth rate 2.3%
87% Employment Rate 94% State employment rate
$560 Weekly personal income (2016)
33.5 years Median age 20,900 Number of local jobs $5,820 million Gross revenue generated
22% 3+ Vehicle Households 33,000 Daily Vehicle Movements
35,200 Resident labour force
Major Train Station
107 Daily Train Services
2,585 Daily Train Patronage
Health care and social assistance (3,460) Most common employment by industry
+37% (2006-2016)
Caboolture Station 893 Daily Bus Patronage
+1.4% Annual growth (2017-2018)
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Moreton Bay Regional Council Economic Dashboard
$397,000 Median sale price of new houses
45.3 years Median age
(as at 30 June 2018) Avg annual growth rate 0.9%
$5,430 million Gross revenue generated
246 Businesses with turnover greater than $2M +8% (FY15/16 - FY17/18)
$3,500 Average advertised sale price - commercial ($/m2)
94% State employment rate
(bachelor or higher - 2016)
15% 3+ Vehicle Households 19,800 Daily Vehicle Movements
30,600 Resident labour force
Major Train Station
98 Daily Train Services
1,393 Daily Train Patronage
Health care and social assistance (3,700) Most common employment by industry
Professionals (4,000) Most common occupation +30% (2006-2016)
+4.1% Annual growth (2017-2018)
96 ha / 17 ha Zoned for Industry Use / Vacant Industrial Land
100 ha / 15 ha Zoned for Centre Use / Vacant Centre Land 210,000m² Total Existing Retail Building Footprint in Centre Zone
Major Bus Station
579 Daily Bus Patronage
$311,000 Median sale price of residential vacant land
$3,930 Average advertised sale price - retail ($/m2)
Kippa-Ring Station 405 Daily Bus Services
$620,000 Median sale price of new houses
+35% (2006-2016)
+9% Annual growth (2017-2018)
7 Bus Routes
$442,000 Average residential sale price
$1,670 Average advertised sale price - industrial ($/m2)
(Anzac Avenue, 2017)
Kippa-Ring Station
PROPERTY
$660 State median
13% Education
804 ha / 695 ha Zoned for Industry Use / Vacant Industrial Land
115 ha / 15 ha Zoned for Centre Use / Vacant Centre Land
92% Employment Rate
$600 Weekly personal income (2016)
19,900 Number of local jobs
$200,000 Median sale price of residential vacant land
310,000m² Total Existing Retail Building Footprint in Centre Zone
Major Bus Station
242 Daily Bus Services
62,500 Population
$2,550 Average advertised sale price - retail ($/m2) Labourers (4,580) Most common occupation
RESIDENT WORKFORCE
$350,000 Average residential sale price
+75% (2006-2016)
+4.5% Annual growth (2017-2018)
16 Bus Routes
ECONOMY
$1,770 Average advertised sale price - industrial ($/m2)
(Morayfield Road, 2018)
Caboolture Station
Historically one of the oldest settlements in the area, Redcliffe is identified as a major centre, with a strong focus on tourism opportunities. The new Redcliffe Peninsula Rail Line has been a game changer, increasing connectivity from the seaside to the rest of the region and to Brisbane City +.
$660 State median
8% Education
(bachelor or higher - 2016)
PROPERTY
Image: Redcliffe (2013)
256 Businesses with turnover greater than $2M +25% (FY15/16 - FY17/18)
$3,930 Average advertised sale price - commercial ($/m2)
Moreton Bay Regional Council Economic Dashboard
7
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.
MORETON BAY
AARON CANAVAN ASSOCIATE DIRECTOR 0447 744 948 aaron.canavan@raywhite.com
SHAYNA KIRK GROUP EXECUTIVE ASSISTANT (1300) 255 075 shayna.kirk@raywhite.com
ASHLEY REES DIRECTOR - SENIOR ANALYST 0411 707 410 ashley.rees@raywhite.com
SARAH BENBOW ADMINISTRATION ASSISTANT 1300 255 075 sarah.benbow@raywhite.com
MICHAELA WEBB PERSONAL ASSISTANT TO CHRIS MASSIE 0409 202 066 michaela.webb@raywhite.com
SUNSHINE COAST
MICHAEL SHADFORTH DIRECTOR - COMMERCIAL PRINCIPAL 0488 981 076 michael.shadforth@raywhite.com
EMILY PENDLETON ASSOCIATE DIRECTOR 0402 435 446 emily.pendleton@raywhite.com
JULIE RYAN MAJOR ASSET SALES 0447 445 453 julie.ryan@raywhite.com
SAMUEL HOY SALES & LEASING EXECUTIVE 0423 795 273 samuel.hoy@raywhite.com
CHRISTINE FRENEY SALES & LEASING EXECUTIVE 0432 170 380 christine.freney@raywhite.com
DWAINE BATHERN SALES & LEASING ASSOCIATE 0499 568 419 dwaine.bathern@raywhite.com
DAVID GOLDSWORTHY SALES & LEASING EXECUTIVE 0481 996 794 david.goldsworthy@raywhite.com
CHARLEE LIVESEY ADMINISTRATION ASSISTANT 1300 255 075 charlee.livesey@raywhite.com
BRENDAN KING MARKET ANALYST 1300 255 075 brendan.king@raywhite.com
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
LUKE HOBMAN SALES & LEASING EXECUTIVE 0434 053 164 luke.hobman@raywhite.com
PINE RIVERS
CHRIS MASSIE DIRECTOR - COMMERCIAL PRINCIPAL 0412 490 840 chris.massie@raywhite.com
MORETON BAY
SUNSHINE COAST
PINE RIVERS
PROPERTY MANAGEMENT
3/125 Morayfield Road Morayfield QLD 4506
1/172 Brisbane Road Mooloolaba QLD 4557
Suite 13, 104 Gympie Road Strathpine, QLD 4500
9/113-137 Morayfield Road Morayfield QLD 4506