Information Memorandum | 506 Maroochydore Road, Kunda Park | RWC Northern Corridor Group

YOUR OPPORTUNITY IS NOW.

THE OPPORTUNITY

Ray White Commercial QLD and Ray White Commercial NCG are excited to present 506 Maroochydore Road, Kunda Park for Auction.

Located in arguably the Sunshine Coast’s most established and central industrial precinct, Kunda Park, the property presents opportunist investors a freestanding warehouse within a high demand suburb. Maroochydore Road, the main thoroughfare connecting Bruce Highway and Maroochydore CBD, attracting 23,222* daily vehicles, allowing direct access to Brisbane and northern Sunshine Coast suburbs. The property is tenanted by Oxworks, a national business with multiple locations across Australia, with the lease expiring in 2025.

Key features of this opportunity:

 Nett $194,359.63* per annum

 4,000m2* high exposure allotment

 1,395m2* warehouse plus 100m2* mezzanine

 Securely fenced site with usable concrete hardstand

 5 year lease term expiring 31/07/2025

 2 x 5 year options with market reviews

 Uninterrupted free-span warehouse work area

 Drive thru / drive out truck access capability

 Medium Impact Industry Zoning

 Future development and expansion options (STCA) with only 35% site coverage

For further insights into this exceptional property, feel free to contact the market agents Michael, Samuel, Brocke or Michael.

Method of Sale - AUCTION

The property is offered for sale by Public Auction to be held Thursday 13 June at 3pm (AEST) at the Level 26, 111 Eagle Street, Brisbane Qld 4000.

Michael Shadforth

RWC Northern Corridor Group M (+61) 488 981 076 E michael.shadforth@raywhite.com

* Approximately

Samuel Hoy

RWC Northern Corridor Group M (+61) 423 795 273 E samuel.hoy@raywhite.com

Michael McCullagh

RWC Queensland M (+61) 403 426 474 E mmccullagh@raywhite.com

Brocke Hambrecht

RWC Queensland M (+61) 466 599 724 E brocke.hambrecht@raywhite.com

LEGAL DESCRIPTION

506 Maroochydore Road, Kunda Park, QLD 4556

Lot 14 on Registered Plan 223274

TITLE REFERENCE 17342170

TENANT Oxworks Pty Ltd

LOCAL AUTHORITY

ZONING

CAR PARKING

SERVICES

ACCESS

EASEMENT NO.

OUTGOINGS

Sunshine Coast Council

Medium Impact Industry

10 car parks

Communications, power, sewerage, water

The site is accessed via a service street off Maroochydore Road which is connected directly to the Bruce Highway.

601948234

601948235

601948245

601948248 506 Maroochydore Road, Kunda Park, QLD 4556

ACCESS ROAD

MAROOCHYDOREROAD

SYDNEY

LEASE COMMENCEMENT 01/08/2020

LEASE EXPIRY 31/07/2025 OPTIONS 2 x 5 years

REVIEW DATES 01/08/2025- 31/07/2030 and 01/08/2030 - 31/08/2035

USE Sales and Distributions of Building Products (Fencing, Gate, Screens & Balustrades)

LOCAL AUSTRALIAN

MANUFACTURING AT ITS BEST

From DIY to Commercial Projects, Oxworks is your local manufacturer and distributor of high quality Fencing, Gates, Screening and Balustrade solutions

OPPORTUNITY HIGHLIGHTS.

LOCATION: The opportunity is strategically positioned in an established industrial corridor with frontage to Maroochydore Road. The property is located only 4.1km* west of Maroochydore on the Sunshine Coast. The property is situated only a short drive from key transport linkages including the Sunshine Motorway and Bruce Highway, providing direct access to Brisbane and northern Sunshine Coast suburbs.

FLOODING: The property has no flood constraints.

UNIMPROVED LAND VALUE:

$2,100,000 (Effective 30 June-2024)

Maroochydore Road SUBJECT

KUNDA PARK BUSINESS PARK

SUBJECT PROPERTY

MITRE 10

MAROOCHYDORE FOOTBALL CLUB

COLES

MCDONALDS

10 TOES BREWERY

KFC

WHY KUNDA PARK

Kunda Park shares the same postcode as neighbouring Buderim, lying on its northern perimeter on flat former grazing land bordering Eudlo Creek. The name Kunda is believed to be the Kabi language word gunda or konda, meaning cabbage tree palm.

Primarily an industrial suburb – a mixture of light manufacturing, warehousing/storage, and wholesale retail it is a particularly busy hub on weekdays and generally quieter on the weekend. Maroochydore Road – a major arterial route runs straight through the middle, providing good connectivity to the M1 and Sunshine Motorway.

* Approximately

12 kilometres* south-west of the Sunshine Coast Airport, 97 kilometres* to Brisbane Airport, 100 kilometres* north of Brisbane CBD, and 113-kilometres* to the Port of Brisbane – just minutes to the motorways, Kunda Park is strategically located for easy, quick access to essential road networks.

Major national and multi-national companies such as Mitre 10, Bunnings Trade, Harley Davidson, and Holcim, operate amongst a landscape of small to medium sized businesses. Kunda Park is one of the Sunshine Coasts longest established, most central, and widely recognised industrial hubs, home to some of our most innovative and successful enterprises.

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.

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 fastest growing airport (traffic-wise).

With the 2032 Olympics being held in southeast Queensland, there will be an acceleration in investment in this region, particularly in and around transport, including possible rail upgrades providing line duplication for fast rail and there is also a proposal in place for a light rail coastal service.

Marcoola

Bli Bli

Mudjimba

Nambour

Woombye

Buderim

Maroochydore

Mooloolaba

Sippy Downs

Bokarina

Currimundi

Caloundra Golden Beach

Pelican Waters

LOCAL SALES

35 Production Avenue Warana

Sale Price

$3,170,000

Yield 5.05%

Building Size 927m2 | Land 2,033m2

Sales Date 24/02/2023

68 Caloundra Road, Caloundra West

Sale Price $2,520,000

Yield 6.00%

Building Size 370m2 | Land 718m2

Sales Date 17/03/2022

11 Hitech Drive, Kunda Park

Sale Price $3,475,000 Yield 6.00%

Building Size 1,400m2

Sales Date 07/03/2023

960 Nambour Connection Rd, Nambour

Sale Price $2,670,000

Yield 6.98%

Building Size 1537m2 | Land 6600m2

Sales Date 05/04/2023

1 Windsor Road, Burnside

Sale Price $8,004,159.36 Yield 6.75%

Building Size 4,272m2

Sales Date 12/01/2024

526 Maroochydore Road, Kunda Park

Sale Price $4,000,000 Yield 7.4%

Building Size 2,071m2

Sales Date 27/04/2023

20 Technology Drive, Warana

Sale Price $2,560,000

Yield 5.51%

Building Size 995m2

Sales Date 08/05/2023

15 Edison Crescent, Baringa

Sale Price $8,772,369

Yield 4.67%

Building Size 3414m2 | Land 6051m2

Sales Date 06/12/2022

8 Nicklin Way, Minyama

Sale Price $1,150,000

Yield 4.8%

Building Size 240m2

Sales Date 26/04/2023

LOCAL LEASES

2 Kessling Avenue, Kunda Park

Lease Price $80,000

$ SQM $210

Building Size 381m2

Lease Date 20/08/2022

583 Maroochydore Rd, Kunda Park

Lease Price $276,000

$ SQM $159

Building Size 1736m2

Lease Date 06/09/2022

9/24 Hoopers Road, Kunda Park

Lease Price $60,000

$ SQM $152

Building Size 395m2

Lease Date 28/07/2022

11 Hitech Drive, Kunda Park

Lease Price $210,000

$ SQM $150

Building Size 1,400m2

Lease Date 01/05/2023

2/81 Enterprise Street, Kunda Park

Lease Price $55,000

$ SQM $156

Building Size $352m2

Lease Date 27/11/2023

2/11 Endeavour Drive, Kunda Park

Lease Price $59,500

$ SQM $177

Building Size 336m2

Lease Date 23/01/2023

93 Enterprise Street, Kunda Park

Lease Price $123,750

$ SQM $165

Building Size 750m2

Lease Date 01/06/2023

30 Hitech Drive, Kunda Park

Lease Price $70,000

$ SQM $219

Building Size 320m2

Lease Date 06/03/2023

3/24 Hoopers Road, Kunda Park

Lease Price $52,950

$ SQM $160

Building Size 330m2

Lease Date 28/09/2022

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 Eagle Street (Brisbane) Pty Ltd trading as RWC Queensland 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 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.

SALES PROCESS

THE SITE IS BEING OFFERED FOR SALE VIA AUCTION

The property is offered for sale by Public Auction to be held (AEST) at the Level 26, 111 Eagle Street, Brisbane Qld 4000.

The property is offered for sale on terms including a 10% deposit on the fall of the hammer with a 30 day settlement and otherwise on terms satisfactory to the Seller.

 Any intending bidder is required to execute the Bidder Registration Form and provide to the agents prior to the Auction.

 Contracts are available from the marketing agents.

Due Diligence Information

A complete dataroom is available to qualified parties. Please contact the marketing agents to obtain access.

Michael Shadforth

RWC Northern Corridor Group

M (+61) 488 981 076 E michael.shadforth@raywhite.com

Michael McCullagh

RWC Queensland

M (+61) 403 426 474

E mmccullagh@raywhite.com

Samuel Hoy

RWC Northern Corridor Group

M (+61) 423 795 273 E samuel.hoy@raywhite.com

Brocke Hambrecht

RWC Queensland

M (+61) 466 599 724

E brocke.hambrecht@raywhite.com

Whilst every care has been taken in the preparation of this document, it is for guidance only. This developer and its agents make no warranty or representation as to the accuracy, reliability, currency, or completeness of the information herein contained. Illustrations, diagrams and the photographs are for presentation purpose only. Interested parties should satisfy themselves as to the accuracy, reliability, currency, or completeness of each description or reference. All information herein is subject to change without notice.

Conditions of Sale – Public Auction

GST ANNOUNCEMENT AND CLARIFICATION

At auction the Auctioneer will announce in clear terms:

If GST is to apply or not; and

2 One of the following applicable GST Clauses

IF THE SELLER IS NOT REGISTERED FOR GST:

IF THE SELLER IS REGISTERED FOR GST:

The property is offered for sale on a GST inclusive basis – which means the knock down price is the sale price

The property is offered for sale on a GST exclusive basis – which means the knock down price attracts GST at 10% of the selling price; or

The property is offered for sale under the Margin Scheme – which means that the knock down bid is the sale price and GST payable by the seller is 1/11 of the margin

All Bidders must be registered The Auctioneer may register a person as a Bidder only if the person has provided his/her name and address and satisfactory evidence of his/her identity If the Bidder is successful, the name listed on the registration form will be the name of the Buyer in the Contract of Sale, unless the Bidder is bidding on behalf of another person in accordance with Conditions 9 and 10.

The highest approved Bidder will be the Buyer subject to:

the reserve price, if any; and the Seller's approval

A cooling off period will not apply to any Contract of Sale formed on a sale by auction or entered into, by no later than 5 00pm on the second clear business day after the property was passed in at auction, with a registered bidder for the auction.

The Buyer acknowledges that the Contract of Sale will not be conditional on any of the following:

a b

Finance; and Building and Pest Inspection Reports

Bids will only be accepted from registered Bidders

Bidders must use the numbered identifier provided by the Auctioneer to make a bid during the auction

The Seller reserves the right to bid, either personally or by a representative If the Seller or their representative bids for the property the Auctioneer must clearly announce to all other Bidders that the bid is made on behalf of the Seller.

The Bidder warrants their ability to enter and complete the Contract of Sale in accordance with its terms.

Any person bidding on behalf of another person must provide the Auctioneer with a copy of their written authority before the auction; otherwise the Bidder will be taken to be acting on their own behalf The Auctioneer may register a person as a Bidder only if the person gives the Auctioneer the name and address of the other person for whom bids are intended to be made on instructions given by the other person by telephone

10 If the Bidder is authorised to bid on behalf of another person, and is the Buyer in accordance with condition 2, the Bidder warrants the other person’s ability to enter and

complete the Contract of Sale in accordance with its terms

The Auctioneer has the discretion to refuse to accept a bid from any Bidder A bid will be taken to be accepted and irrevocable unless the Auctioneer refuses it If the Auctioneer refuses a bid, the Auctioneer must announce to all other Bidders that the bid has been refused

Without affecting condition 11, if there is any dispute over a bid or the result, the Auctioneer may:

re-open the bidding; and/or determine the dispute in any other way the Auctioneer considers appropriate in his/her absolute discretion

Immediately on the fall of the hammer the property is sold, the Bidder of the highest bid accepted in accordance with Condition 2, must sign, as Buyer, the Contract of Sale in the form displayed or circulated with these Conditions of Sale and pay the deposit to the nominated Deposit Holder

The deposit payable under the Contract of Sale is 10% of the successful bid or any other percentage or figure nominated in the Contract of Sale

15 The Seller and the Buyer agree to sign all documents and do everything else necessary to transfer the property to the Buyer. The Seller and the Buyer each appoint the Auctioneer their agent to sign the Contract of Sale on their behalf This appointment is non-revocable

If the Buyer does not pay the deposit, at the Seller's option: a.

the result of the auction will be treated as invalid and the property may be resubmitted to public auction at the risk and expense of that Buyer; or the Seller may affirm the Contract of Sale and pursue their legal and other remedies against the Buyer as they see fit

17 The decision of the Auctioneer is final in all matters relating to the auction

18 The Bidder consents to the use of electronic communication in accordance with the provisions set out in Chapter 2 of the Electronic Transactions (Queensland) Act 2001 (Qld) and Electronic Transactions Act 1999 (Cth)

19 If this document is signed using an electronic signature, the Bidder agrees to be bound by these conditions in electronic form and consent to signing this agreement using an electronic signature

I/we have read and understand the additional Annexure with Special Conditions.

I/we have read and understand the above Conditions of Sale - Public Auction, and acknowledge that the sale of the property will occur subject to these conditions and the Contract of Sale

REIQ Accredited Agency

Bidder Registration Form

BIDDER NO:

The Property Occupations Act 2014 requires the auctioneer to only accept bids from registered bidders. To be registered, a bidder must provide the bidder's name and address and produce satisfactory evidence of the bidder's identity.

If you have an interest in bidding at the auction for a property or properties, please complete your name and address below and provide the auctioneer with satisfactory identification.

If applicable, the registered bidder acknowledges that they have been given a copy of the Form 36 Notice of No Pool Certificate at the time of completing this Bidder Registration Form.

The Bidder consents to the use of electronic communication in accordance with the provisions set out in Chapter 2 of the Electronic Transactions (Queensland) Act 2001 (Qld) and Electronic Transactions Act 1999 (Cth). If this form is signed using an electronic signature, the Bidder agrees to enter into this agreement in electronic form.

BIDDER DETAILS:

NAME:

ADDRESS:

SUBURB: STATE: POSTCODE:

PHONE: FAX: EMAIL:

IDENTIFICATION:

The above bidder is registered to bid in relation to the following property:

ADDRESS:

SUBURB: STATE: POSTCODE:

SIGNATURES

Signature:

Date:

The Auctioneer will not disclose the identity of any bidder to anyone other than: (i)

(ii)The seller if it is necessary for negotiations with the bidder after the property has been passed in or for facilitating the sale of the property.

Letter of Authority for a Person to Bid at Auction

AUCTION OF:

ADDRESS:

TO: AGENT FOR THE SELLER

AUTHORISATION

SUBURB: STATE:POSTCODE:

DATE:

This letter serves to confirm that I/we, the below named buyer/s, being a registered bidder/s, will not be personally attending the Auction of the above property and:

(select one)

have authorised the person named in Part A below to bid on my/our behalf at the Auction of the above property

have authorised the Buyer’s Agent named in Part B below to bid on my/our behalf at the Auction of the above property wish to reserve the right to submit bids via telephone during the course of the Auction of the above property, set out in Part C below

PART A - PARTY AUTHORISED TO BID (IF APPLICABLE)

I/we authorise you to take offers from the person/entity named below. Should our representative be successful, they are authorised to immediately complete the contract of sale with my/our details contained in this letter, pay the deposit as stated in the contract (if applicable) and sign the contract of sale on my/our behalf.

NAME:

ADDRESS:

SUBURB:

Signature:

PART B - BUYER'S AGENT AUTHORISED TO BID (IF APPLICABLE)

(e.g. Driver’s licence to permit registration of the bidder/s) IDENTIFICATION:

STATE:POSTCODE:

I/we authorise you to take offers from the person/entity named below. Should our representative be successful, they are authorised to immediately complete the contract of sale with my/our details contained in this letter, pay the deposit as stated in the contract (if applicable) and sign the contract of sale on our behalf.

NAME: IDENTIFICATION: (e.g. Driver’s licence to permit registration of the bidder/s)

LICENCE NO:

ADDRESS:

SUBURB: STATE:POSTCODE:

Signature:

PART C - TELEPHONE BID (IF APPLICABLE)

I/we authorise you to take offers by telephone from the persons named below and convey them by outcry to the auctioneer. I/we hereby authorise and request the auctioneer to sign the contract of sale on my/our behalf of the party authorised to bid. Should I/we be successful in purchasing the property, the buyer’s details to be entered on the contract of sale are contained in this letter.

Michael Shadforth

RWC Northern Corridor Group

M (+61) 488 981 076

E michael.shadforth@raywhite.com

Michael McCullagh

RWC Queensland

M (+61) 403 246 474

E mmccullagh@raywhite.com

Samuel Hoy

RWC Northern Corridor Group

M (+61) 423 795 273

E samuel.hoy@raywhite.com

Brocke Hambrecht

RWC Queensland

M (+61) 466 599 724

E brocke.hambrecht@raywhite.com