IM | 31 - 33 Runway Parade, Marcoola

31-33

Runway D R ive

MARCOOLA, QLD 4564

Buil D ing 1

2273m 2* of In D ust R ial

Buil D ing 2

1170m 2*

w ell un D e R const R uction

TENANTED INVESTMENT OR OWNER OCCUPIER OPPORTUNITY

Town Property and Ray White Commercial Northern Corridor Group are pleased to present 31 - 33 Runway Parade Marcoola to the market for sale.

The property is located in the well established, tightly held commercial hub of the Sunshine Coast Airport estate.

KEY FEATURES

 Prime location adjacent to Sunshine Coast Airport

 Tightly held location

 Tenanted investment with Stage 1 completed and fully leased

 Stage 2 under construction completed mid 2023

STAGE 1

 2273m2* of Industrial

 Fully leased

 Opportunity for uplift in rent

 30 carparks plus Motorbikes and bikes

 92KW of solar

 Available as complete purchase subject to Strata by the developer

STAGE 2

 Brand new Building of 1170m2* well under construction

 Offering huge exposure to Runway Drive and travellers alike

 Leasing opportunities starting from $185 PM2

 Approvals in place for electronic signage on the roof

 Completed mid 2023

 Available for purchase also

The Sunshine Coast Industrial sector is currently tightly held and limited opportunities available for investors or owner occupiers. This is a rare opportunity to secure an A grade piece of real estate.

With ample exposure, 25 mins* to the famous Noosa and 10 mins* to growing Maroochydore CBD locations like this are hard to secure.

METHOD OF SALE

The property is being offered to the market by Offers to Purchase.

All enquiries in relation to this opportunity are to be directed to the exclusive marketing agents:

Street Address 31-33 Runway Drive, Marcoola, Qld 4564

Legal Description Lot 1 on Survey Plan 311627

Total Site Area 5,058m²*

Signage

Approvals in place for pylon signage

Approvals in place for signage on the roof

BUILDING 1

1,818m²* ground floor area + 455m²* mezzanine = 2,273m²* total GFA

30 car parking plus motorbike and bicycles

92 kW of solar power

Improvements

BUILDING 2

Currently under construction Circa 770m²* ground floor area and 2x 200m²* mezzanine = 1,170m²* total GFA

Access via Runway Drive

Site Access & Frontage

High exposure with dual street frontage to Runway Drive & Airport Drive (gateway to the Sunshine Coast Airport)

Local Government Sunshine Coast Regional Council

Regional Plan Use Sunshine Coast (Maroochy)

t own Planning summa R y

Zoning Extract

The site is designated as Medium Impact Industry under the current Sunshine Coast Regional Planning Scheme

Medium Impact Industry

Open Space

Community Facilities

(1) The purpose of the Medium impact industry zone code is to provide for a range of low and medium impact industrial activities and limited non-industrial activities that are ancillary to industrial activities and do not compromise the operation of industrial activities or the integrity of the Medium impact industry zone.

(2) The purpose of the Medium impact industry zone code will be achieved through the following overall outcomes:-

(a) development provides predominantly for low to medium intensity industrial activities, including low impact industry, medium impact industry, research and technology industry, service industry, transport depot and warehouse uses;

(b) non-industrial activities, including caretakers accommodation, small scale food and drink outlets primarily servicing local employees, service stations and veterinary services may also be established in the zone where they directly support or are compatible with the ongoing industrial use of the zone;

(c) existing and planned industrial activities are protected from the intrusion of incompatible activities that may compromise or conflict with the primary use of the premises for industry purposes;

(d) development provides for a range of lot sizes to cater for varying industrial needs and user requirements;

(e) industrial activities and other activities established in the zone make a positive contribution to the image of the Sunshine Coast by incorporating a high quality of built form and landscape design in keeping with the expectations of a modern, safe, and attractive industrial environment;

(f) development is sympathetic to the existing and planned scale and character of the streetscape and surrounding development;

(g) development is located, designed and operated to be responsive to the Sunshine Coast’s sub-tropical climate and minimises the consumption of energy and water;

(h) development ensures that uses and works for industrial activities are located, designed and managed to maintain public health and safety and minimise adverse impacts on the natural environment, non-industrial land and sensitive uses;

(i) development avoids as far as practicable, or where avoidance is not practicable, minimises and otherwise mitigates, adverse impacts on ecologically important areas, including creeks, gullies, waterways, wetlands, coastal areas, habitats and vegetation through location, design, operation and management;

(j) development is designed and sited to sensitively respond to the physical characteristics and constraints of land, including flooding, steep land, landslide hazard and bushfire hazard, where applicable; Sunshine Coast Planning Scheme 2014 Amended14 May 2018 Page 6-30

(k) industrial activities have access to the appropriate level of transport infrastructure and do not interfere with the safe and efficient operation of the surrounding road network;

(l) development is provided with the full range of urban services to support the needs of the community, including parks, roads and transport corridors, pedestrian and cycle paths, reticulated water and sewerage (where available or planned to be made available), stormwater drainage and electricity and telecommunication infrastructure;

(m) development is located and designed to maximise the efficient extension and safe operation of infrastructure;

(n) development does not adversely impact on the continued operation, viability and maintenance of existing infrastructure or compromise the future provision of planned infrastructure; and

(o) development provides for the following:-

(i) a use listed as a consistent use in column 1 of Table 6.2.10.2.1 (Consistent uses and potentially consistent uses in the Medium impact industry zone) to occur in the Medium impact industry zone; and

(ii) a use listed as a potentially consistent use in column 2 of Table 6.2.10.2.1 to occur in the Medium impact industry zone only where further assessment has determined that the use is appropriate in the zone having regard to such matters as its location, nature, scale and intensity

Local Authority Sunshine Coast Regional Council Planning Scheme Sunshine Coast (Maroochy) Zoning

Regional Plan Medium Impact Industry

SUNSHINE MOTORWAY

Comments 100% $38,715 Has occupied the property over 3 years already, recently signed a new lease. Has 25m2 mezzanine that is not being charged as we cannot confirm it approved.

100% $46,110 Lease expiry in September 2025. We will increase to current market rate at that time. At the moment the rents should be at $185/m2

100% $75,980 Rent has been put at $145/m2 which is still low. Needs to get to circa $185/m2 but it can bw reviewed in March 2024.

100% $46,400 Rent has been put at $145/m2 which is still low. Needs to get to circa $185/m2 but it can bw reviewed in March 2024.

No Lease No Lease Will rent for circa $185/m2 being $30K a year.

100% $53,350 Lease is up at end of term. Current lease does not include rent on mezzanine. It will be increased at market review to include the mezzanine. Circa $96K a year.

Outgoings Current Net Rent Comments

Under Negotiation $216,450 "$185/m2 - $216,450 We have significant interest in the property and are working through applications to find the right tenant."

Buil D ing 2 - s ite Plan

Currently under construction

Circa 770m²* ground floor area

2 x 200m²* mezzanine

1,170m²* TOTAL GFA

GROUND FLOOR

The information contained in this brochure 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 Town trading XXX 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.