INFORMATION MEMORANDUM 673- 678 D A V I D L O W W A Y MUD JIMBA QL D 4564
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 673-679 David Low Way, Mudjimba for sale. This property is occupied by a range of retail tenants spanning over 2 levels and 10 tenancies. With an attractive return of $265,723 Net P/A, over 85% occupancy and located on the high-traffic David Low Way, investors will want to view this asset. FEATURES: -
$265,723 Net P/A return 2-storey mixed-use retail complex Main road exposure 3,182m2 land area* 930m2 building area*
*approx. For further information, please contact marketing agent Michael Shadforth or Samuel Hoy.
MICHAEL SHADFORTH 0488 981 076
DIRECTOR - COMMERCIAL PRINCIPAL michael.shadforth@raywhite.com
SAMUEL HOY 0423 795 273
SALES & LEASING ASSOCIATE samuel.hoy@raywhite.com
EXECUTIVE SUMMARY
ADDRESS
673-679 David Low Way, MUDJIMBA QLD 4564
REAL PROPERTY DETAILS
Lot 10 on Survey Plan 212845
ZONING
Local Centre Zone
SITE AREA
3,182m 2*
NLA
930m 2*
LOCAL AUTHORITY
Sunshine Coast Council
NET ANNUAL RETURN
$265,723.00*
OUTGOINGS
$75,700.23*
PRICE
$4,000,000.00
MARKETING AGENTS
MICHAEL SHADFORTH 0488 981 076
DIRECTOR - COMMERCIAL PRINCIPAL michael.shadforth@raywhite.com
OUTGOINGS RATES
$12,503.05
WATER
$18,475.16
INSURANCE
$2,325.05
POWER
$2,294.65
MANAGEMENT
$5,124.19
REPAIRS & MAINTENANCE
$34,978.13
TOTAL
$75,700.23
* Approximate
SAMUEL HOY 0423 795 273
SALES & LEASING ASSOCIATE samuel.hoy@raywhite.com
TENANCY SCHEDULE TENANCY
SIZE
TENANTS
LEASE EXPIRY
OPTIONS
RENT
1A
100m2
Physiotherapy
31/10/2022
2 X 3 YEARS
$39,240 Net P/A
1B
239m2
Medical Centre
Month to Month
NIL
$71,169 Net P/A
1C
55m2
Hair & Beauty
313/10/2022
2 x 3 YEARS
$20,220 Net P/A
1D1
20m2
Community Services
See 1D4
See 1D4
See 1D4
1D2
95m2
VACANT
1D3
125m2
Community Services
See 1D4
See 1D4
See 1D4
1D4
65m2
Community Services
30/06/2023
2 x 3 YEARS
$38,190 Net P/A
2A
79m2
Be Healthy Chiropractic
Month to Month
NIL
$30,576 Net P/A
2B
72.2m2
Sullivan Nicholaides Pathology
31/03/2023
NIL
$29,328 Net P/A
2C
158.8m2
Chinese Restaurant Teppanyaki
28/02/2022
NIL
$37,000 Net P/A
TOTAL
$265,723.00
* Approximate
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.
SAMUEL HOY SALES & LEASING ASSOCIATE 0423 795 273 samuel.hoy@raywhite.com
EMILY PENDLETON SALES & LEASING EXECUTIVE 0402 435 446 emily.pendleton@raywhite.com
THOMAS BROWN NATIONAL RETAIL INVESTMENT 0434 186 767 thomas.brown@raywhite.com
CASSIE MAHONEY
DWAINE BATHERN SALES & LEASING ASSOCIATE 0499 568 419 dwaine.bathern@raywhite.com
DAVID GOLDSWORTHY SALES & LEASING ASSOCIATE 0481 996 794 david.goldsworthy@raywhite.com
LEANNE IRELAND ADMINISTRATION ASSISTANT 1300 255 075 leanne.ireland@raywhite.com
AURA BUSINESS PARK 10/18 Hancock Way Baringa QLD 4551 MORETON BAY 3/125 Morayfield Road Morayfield QLD 4506 PINE RIVERS Suite 13, 104 Gympie Road Strathpine, QLD 4500 PROPERTY MANAGEMENT 9/113-137 Morayfield Road Morayfield QLD 4506
CHRIS MASSIE DIRECTOR - COMMERCIAL PRINCIPAL 0412 490 840 chris.massie@raywhite.com
PERSONAL ASSISTANT TO MICHAEL SHADFORTH
0412 504 174 cassie.mahoney@raywhite.com
PINE RIVERS
1/172 Brisbane Road Mooloolaba QLD 4557
raywhitecommercialnortherncorridorgroup.com.au
SUNSHINE COAST
MORETON BAY
JULIE RYAN MAJOR ASSET SALES 0447 445 453 julie.ryan@raywhite.com
ONE TEAM - FIVE LOCATIONS
SUNSHINE COAST
MICHAEL SHADFORTH DIRECTOR - COMMERCIAL PRINCIPAL 0488 981 076 michael.shadforth@raywhite.com
BROCKE HAMBRECHT SALES MANAGER & AUCTIONEER 0466 599 724 brocke.hambrecht@raywhite.com
ASHLEY REES DIRECTOR - SENIOR ANALYST 0411 707 410 ashley.rees@raywhite.com
TREVOR NELSON-JONES SALES & LEASING EXECUTIVE 0407 736 521 trevor.nelson-jones@raywhite.com
AARON CANAVAN SALES & LEASING EXECUTIVE 0447 744 948 aaron.canavan@raywhite.com
CHRISTINE FRENEY SALES & LEASING EXECUTIVE 0432 170 380 christine.freney@raywhite.com
BLAKE PRIMROSE SALES & LEASING ASSOCIATE 0423 555 043 blake.primrose@raywhite.com
ROB DAWSON SALES & LEASING ASSOCIATE 0422 786 205 rob.dawson@raywhite.com
AIDAN MUDGE SALES & LEASING ASSOCIATE 0423 791 835 aidan.mudge@raywhite.com
SEAN SKEFFINGTON SALES & LEASING ASSOCIATE 0422 587 143 sean.skeffington@raywhite.com