INFORMATION MEMORANDUM 1/10-14 William Berry Drive Morayfield QLD 4506
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 1/10-14 William Berry Drive, Morayfield for Sale The opportunity exists for a savvy investor to purchase as an investment and re-let the one vacancy or for an owner occupier to purchase to occupy up to 900m² of the current vacancy whilst benefiting from the income generated by the 345m² tenancy on a secure 5 year lease.
- 1,245m²* net lettable area - 900m² retail showroom/warehouse available for lease or to occupy - 345m² occupied by Indian Grocer, Zab Thai Restaurant and Barbershop - Current total net income of $73,440.72 per annum - Income from multiple signage tenancies - Projected net income of circa $240,000.00 when fully leased - Simple two unit strata structure with neighbouring Bowling Alley - High traffic flow and ample on site car parking (front & rear) - Central location in rapidly expanding catchment, located adjacent to Morayfield Shopping Centre and walking distance to Train Station - Access via Morayfield Road and William Berry Drive For further information or to arrange an inspection, contact Chris Massie or Aaron Canavan.
CHRIS MASSIE 0412 490 840
DIRECTOR | COMMERCIAL PRINCIPAL chris.massie@raywhite.com
*approximate
AARON CANAVAN 0447 744 948
ASSOCIATE DIRECTOR aaron.canavan@raywhite.com
EXECUTIVE SUMMARY
ADDRESS
1/10-14 William Berry Drive, Morayfield QLD 4506
PROPERTY DESCRIPTION
Commercial/Retail
REAL PROPERTY DETAILS
Lot 1 SP123695
ZONING
Centre
SITE AREA
J-K - 900m²* (165m²* showroom & 735m²* warehouse & mezzanine) G - 345m² Total: 1,245m²
LOCAL AUTHORITY
Moreton Bay Regional Council
SECURE GROSS INCOME
$60,940.17* per annum
SIGNAGE GROSS INCOME
$35,252.40* per annum
TOTAL GROSS INCOME
$96,192.57* per annum
OUTGOINGS
$22,751.85* per annum
NET INCOME
$73,440.72* per annum
PROJECTED NET INCOME
$239,888.03* per annum
SALE PRICE
$3,300,000.00
MARKETING AGENTS
Title Reference 50293926
CHRIS MASSIE 0412 490 840
DIRECTOR | COMMERCIAL PRINCIPAL chris.massie@raywhite.com
AARON CANAVAN 0447 744 948
ASSOCIATE DIRECTOR aaron.canavan@raywhite.com
* Approximate
1/10-14 William Berry Drive - Tenancy Schedule Unit
Tenant
Building m2
Lease Term
Lease Expiry
Options
Increases
5 years
30/04/2021
2 x 5 years
3%
Gross Rent (ex Outgoings GST)
Outgoings Portion
Net Rent (ex GST)
Rent $m2
$158.36
Indian Restaurant G J-K
Sub tenants: Zab Thai & Barbershop
345
Vacant
TOTAL
$60,940.17
27.71%
$6,304.54
$54,635.63
900
$0.00
72.29%
$16,447.31
-$16,447.31
1245
$60,940.17
100%
$22,751.85
$38,188.32
Sign
Viva Leisure
0
$5,000.00
0.00%
$
-
$5,000
Sign
World Gym Burpengary
0
$3,749.16
0.00%
$
-
$3,749
Sign
Xterminate
0
$3,605.04
0.00%
$
-
$3,605
Sign
Northside Machinery Hire
0
$5,500.20
0.00%
$
-
$5,500
Sign
Kobra Pty Ltd
0
$5,398.00
0.00%
$
-
$5,398
Sign
Real Estate
0
$6,000.00
0.00%
$
-
$6,000
Sign
Machinery Business
0
$6,000.00
0.00%
$
-
$6,000
0.00%
$
-
Sign
0
PROJECTED INCOME (FULLY LEASED)
$0
$35,252.40
$35,252.40
CURRENT TOTAL
$96,192.57
$73,440.72
Tenancy G
$60,940.17
27.71%
$6,304.54
$54,635.63
Tenancy J-K
$166,447.31
72.29%
$16,447.31
$150,000.00
Signage
$35,252.40
0.00%
$0.00
$35,252.40
TOTAL PROJECTED
$262,639.88
100.00%
$22,751.85
$239,888.03
TENANCY INFORMATION
“We are a family owned and run business, dedicated to providing the public with Indian products, as well as Samoan, Fijian and Sri Lankan food and household supplies. Here at the Indian General Store we pride ourselves in our friendly service. We are a family owned and run business. Unlike other stores, we don't just sell you products, we offer you advice on how to use them. Our family has lots of experience with cooking Indian dishes. We are located in QLD, at Morayfield (between Brisbane and the Sunshines Coast). Feel free to drop in and browse our products in person”
www.indiangeneralstore.com.au
“Traditional Thai cuisine in a warm and friendly environment” Zab Thai is a sub-tenant to the Indian Grocer.
http://www.zabthairestaurant.com/
LMC Barbershop opened in March 2018. It is a locally owned business providing men’s cuts at an affordable price. LMC Barbershop is a sub-tenant to the Indian Grocer.
L O C AT I O N
There’s never been a more exciting time to invest in the Moreton Bay Region.
Moreton Bay is the third largest local government area in Australia by population, and has been recognised as a region with one of the fastestgrowing populations, and the strongest-growing economies in the country. 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. 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.
moretonbay.qld.gov.au
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
77
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
4
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
5
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)
6
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