Information Memorandum | 420 Tanawha Tourist Drive, Tanawha | RWC Northern Corridor Group

RWC Northern Corridor Group

Marketing Agents

The Opportunity

David Goldsworthy, Michael Shadforth and Samuel Hoy of RWC Northern Corridor Group are pleased to present 420 Tanawha Tourist Drive, Tanawha to the market for sale.

Property Highlights:

Diverse, multi-tenanted investment anchored by a BP service station on a new ten year lease.

Low site coverage with value add or redevelopment potential.

Site offers opportunities for Investors and Developers to make the most of the growth being experienced on the southern end of the Sunshine Coast.

A strong local residential catchment provides a high volume of daily passing traffic

The site benefits from recent upgrades to access and the nearby Sunshine Motorway and Bruce Highway interchange

Property Overview

Nestled in the heart of Tanawha, this property offers a unique blend of convenience and significant development potential. Spanning over 3,402 square meters, it boasts a BP service station and an Ultra Tune workshop, making it an ideal investment for those seeking a strategic commercial opportunity. But that's not all – a spacious 4-bedroom house stands adjacent, accompanied by two generous sheds that provide ample on-site storage space. These enhancements not only offer practicality but also enhance the property's overall value.

Strategic Location:

This property's strategic location is key to its potential for growth. With the completed Bruce Highway interchange upgrade and the continued growth of Sippy Downs Town Centre, it presents an excellent opportunity for forward-thinking investors and developers.

Benefits of the Property:

● High Visibility: The property enjoys prime visibility along the bustling Tanawha Tourist Drive ensuring maximum exposure for businesses.

● Development Potential: With its sizeable land area and proximity to key infrastructure projects,it offers multiple development possibilities, including other commercial and services potential.

● Convenience: The presence of a well-maintained house and spacious sheds provides convenience and versatility for multiple income streams.

● Local Appeal: Situated within the Sunshine Coast Regional Council area, this property aligns with the region's growth and development goals.

Financial Summary

Tenancy 1 | BP Tanawha

Outgoings

Land Tax -

Council Rates $3,260.35

Unity water $857.54

Insurances -

Other $2,930.40

Total Outgoings $7,048.29

Gross Annual Rent $325,129.12

Less Outgoings $7,048.29

Net Annual Rent $318,080.83

Tenancy 2 | Ultra Tune Auto

Outgoings

Land Tax -

Council Rates $3,260.35

Unity water $857.54

Insurances -

Other $2,930.40

Total Outgoings $7,048.29

Gross Annual Rent $68,532.9

Less Outgoings $7,048.29

Net Annual Rent $61,484.61

Note: for the residential aspect (tenant 3), the owner pays the full 33% remaining of the outgoings ($7,048.29) and the tenant pays for their water usage and electricity.

Location | Tanawha

Tanawha is a suburb located on the Sunshine Coast in Queensland, Australia. It is situated inland from the coastal towns of Mooloolaba and Maroochydore. Tanawha is known for its lush natural surroundings, including rainforests and bushland, and it's a popular area for both residential living and tourism.

One of the prominent features in Tanawha is the Tanawha Tourist Drive, which takes you through scenic landscapes and provides access to attractions like the Bellingham Maze, Wildlife HQ Zoo, and the Tanawha Valley Golf & Tennis complex. The area offers a mix of rural and semi-rural properties, often surrounded by picturesque views and abundant greenery.

Tanawha/ Sippy Downs region has recently benefited from increased traffic due to the newly completed Bruce Highway interchange upgrade, now connecting all passing traffic travelling East or West on the beautiful Sunshine Coast

Sunshine Coast Overview

An hour north of Brisbane, the Sunshine Coast stretching from Caloundra in the south through to Noosa/Tewantin in the north and incorporating hinterland townships to the west in between, covers an area of approximately 2,291 square kilometres with 60 kilometres of spectacular open coastline.

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The Sunshine Coast is Australia’s 9th largest population centre (as of June 2021) and 5th largest in the state, with a population growth outpacing most of the nation, and one of the fastest growing regional economies.

Not only diverse geographically with stunning beaches, verdant agricultural farmland, and mountain ranges including the iconic Glass House Mountains; the economy is also diverse consisting of a variety of industries covering medical, education, technology, tourism/hospitality, finance, farming/agriculture,retail, and industrial.

Over the past several years there has been billions of dollars’ worth of investment poured into the region from both the public and private sectors, with projects including airport expansion, the building of the public and private university hospitals and health hub, SunCentral CBD in Maroochydore, the city of Aura in Caloundra South, submarine broadband connection providing fastest connection to Asia from the east coast, Bruce Highway upgrade, multiple new housing estates and associated infrastructure including schools and sporting facilities, industrial parks and more.

The Sunshine Coast comes under the governance of two local councils – the Sunshine Coast Regional Council covering the southern to central suburbs, and Noosa Shire Council. There is good connectivity across the region via road networks, rail through the hinterland townships, and bus; and the Sunshine Coast Airport now has a second runway and is open to international travel (now Australia’s fastestgrowing airport (traffic-wise).

With the 2032 Olympics being held in south-east Queensland, there will be an acceleration in investment in this region, particularly in and around transport, including possible rail upgrades providing line

The 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.

Information Memorandum

RWC Northern Corridor Group

David Goldsworthy

Sales & Leasing Executive 0481 996 794 david.goldsworthy@raywhite.com

Samuel Hoy

Sales & Leasing Executive 0423 795 273 samuel.hoy@raywhite.com

Michael Shadforth

Director - Commercial Principal 0488 981 076 michael.shadforth@raywhite.com