IM - 61-63 Currie Street, Nambour I Ray White Commercial I Northern Corridor Group

I N F O R M AT I O N MEMORANDUM 61-63 CURRIE STREET, N A M B O U R QL D 456 0

R AY W H I T E C O M M E R C I A L NORTHERN CORRIDOR GROUP

THE OPPORTUNITY Emily Pendleton and Christine Freney from Ray White Commercial Northern Corridor Group are pleased to present to market for sale and lease this huge showroom space in the heart of Nambour CBD, offering huge exposure to Currie Street with front and rear access as well as a bonus underground basement which can be accessed at street level on the next street opposite Mcdonalds. The shop has recently been renovated and is totally open plan with toilet and kitchen facilities. There is ample car parking out the front and great signage opportunities with a huge glass shopfront.

Also on title is the Heritage Bank building which has been home to the Heritage Bank in Nambour for many years and has a strong return in place making this the perfect opportunity for an investor to add value to the site by tenanting the showroom or an owner occupier who wants to put their own business into the vacancy and reap the return from the income from the Heritage Bank.

FEATURES • • • • •

Approx. 720m 2 + underground basement Partly tenanted to Heritage Bank returning over $50,000 a year Ample on-street car parking Located in the heart of Nambour CBD Good signage opportunities with exposure to Currie Street

For further information or to arrange an inspection please contact exclusive marketing agents Emily Pendleton or Christine Freney.

EMILY PENDLETON 0402 435 446

ASSOCIATE DIRECTOR emily.pendleton@raywhite.com

CHRISTINE FRENEY 0432 170 380

SALES & LEASING EXECUTIVE christine.freney@raywhite.com

EXECUTIVE SUMMARY

ADDRESS

61-63 Currie Street, NAMBOUR QLD 4560

MARKETING AGENTS

REAL PROPERTY DETAILS Lot 12 RP72325 & Lot 2 RP81212 ZONING

Local Centre Zone

SITE AREA

1,250m 2*

LOCAL AUTHORITY

Sunshine Coast Council

NET ANNUAL RETURN

$52,291.63 * P/A

FOR SALE FOR LEASE

$1,450,000 $55,000 P/A Net (plus outgoings plus GST)

E M I LY P E N D L E T O N 0402 435 446

ASSOCIATE DIRECTOR emily.pendleton@raywhite.com

TENANCY SCHEDULE TENANTS

Heritage Bank Limited

SIZE RENT

1,250m 2 $52,291.68

LEASE START

13/03/2020

LEASE END

12/03/2023

OPTION

1 X 3 years

* Approximate

CHRISTINE FRENEY 0432 170 380

SALES & LEASING EXECUTIVE christine.freney@raywhite.com

.....

SUNSHINE COAST KEY FACTS

SUNSHINE COAST INFRASTRUCTURE GROWTH SNAPSHOT

• Listed in the Global Top 7 Intelligent Communities of 2019, the Sunshine Coast is Australia’s 9th largest city.

• Sunshine Coast Airport expansion, set for completion in 2020.This will deliver new infrastructure and facilities enabling enhanced domestic and international flight access to the region. This will also facilitate new freight capabilities and more direct access to global markets.

SOLAR FARM

USC UNIVERSITY

$10 MILLION ECONOMIC BENEFIT 100% of council electricity offset by renewables

$81 MILLION EXPANSION COMPLETE 20,000 students by the year 2020

SUBMARINE CABLE

LIGHT RAIL PROJECT

$1.1 BILLION PER ANNUM TO QLD ECONOMY

STAGE 1 BY 2025 - 9,000 JOBS 20,000 students by the year 2020

SUNSHINE COAST AIRPORT 2,230 JOBS

HARMONY

• World class healthcare facilities including the newly constructed Sunshine Coast University Hospital in Birtinya • Popular Shopping with a recent $440 million dollar expansion and refurbishment of Sunshine Plaza • From 2020, the Sunshine Coast will deliver Australia’s fastest telecommunications connection to Asia from the east coast with links to Guam, Japan and USA. • In a region already soaring above others, Maroochydore’s new Central Business District is set to deliver significant economic benefits and an unrivalled investment opportunity located just 500m from Urban on Beach.

• The Sunshine Coast offers a winning combination of advantages; a lower cost of doing business, economic resources, government support and investment opportunities. The region is already experiencing robust economic growth and is seeking discerning investors looking to capitalise on the associated market opportunities.

• The region lives up to its name with clear blue skies, subtropical climate, a vibrant, green hinterland and an abundance of sunshine averaging seven hours per day, over 300 days per year. These many natural assets have made the region one of Australia’s prime tourist destinations and the perfect place to enjoy a healthy and active lifestyle.

• World class education facilities including the newly expanded University of The Sunshine Coast set to increase to an enrolment of 20,000 by 2020, • The Sunshine Coast economy has outpaced most of the regional economies in the country in terms of growth over the last 15 years. The economy is anticipated to grow strongly to reach A$33 billion by 2033, accompanied by an increase in knowledge-based jobs, exports and household income.

$4.1 billion contribution to the economy

$3 BILLION DEVELOPMENT 17,000 residents

SUNSHINE PLAZA

SUNSHINE COAST HOSPITAL

$400 MILLION EXPANSION Creating 5200 new construction & retail jobs

4,600 JOBS $2.03 billion investment

MAROOCHYDORE CBD

AURA

15,000 JOBS BY 2025 $4.4 billion contribution to the economy

50,000 RESIDENTS $7 billion+ investment

SU N SH I N E C O A ST Q UE E N S L A N D MAJOR PR OJECT S - R EGIONAL ECONOMIC D EVEL OP MENT

SUNSHINE COAST AIRPOR T MAJ O R E X PANS ION PR OJE C T $225 MILLION The airport expansion project will deliver a brand new 2450m x 45m runway, runway-end taxiway loops, an expanded apron and terminal facilities, new access roads and utilities.

The project will enable direct flights to more destinations across Australia, Asia and the Western Pacific, enhancing national and global connections. It will generate jobs and economic growth, boost tourism, help export businesses and secure air access to the Sunshine Coast.

The airport expansion will have the increased capacity to attract up to 2 million more passengers annually by 2040.

B R U C E H I G H WAY E X PANS ION & U P G RA D E $ 1 .6 BILLION The upgrade will deliver critical safety benefits to motorists, improve efficiency and reduce traffic congestion, and ensure the highway can cater for future traffic growth.

The upgrade is vital for the continued development of the Sunshine Coast and with its increased capacity, the highway will provide safer and more efficient travel for commuters and industry along this stretch.

The upgrade will separate long distance traffic from local traffic movements, allowing the highway to function as a highspeed, high-volume corridor.

THE BRI GHT CITY N E W COAS T CITY CENTR E With world-class innovative design at its core, the new Maroochydore city centre of the Sunshine Coast is set to become the epicentre of commerce, technology, innovation, entertainment and inner-city living.

Designed for the 21st Century, this ground-breaking development will be embedded with smart technology throughout, to create a cleaner more, dynamic city centre that’s not only desirable and liveable; it will have a transformative impact on the region’s economy.

SUSHINE COAST UNIVERSITY HOSPITAL $1.8 BILLION Sunshine Coast University Hospital (SCUH) is a tertiary, teaching hospital servicing all parts of the Sunshine Coast and Gympie regions.

SCUH saw its first patients on 21 March 2017 and was officially opened on 19 April 2017 by the Queensland Premier and Minister for Health and Minister for Ambulance Services.

SCUH opened with about 450 beds, with plans to grow to 738 beds by 2021. Services and capacity at SCUH will continue to develop over the coming years.

SOLAR FARM R E N E W A B L E E N ERGY INVES TMENT $ 1 0 MILLION INVESTME N T Sunshine Coast Council’s solar farm is assisting the transition to renewable energy that 40,000+ Sunshine Coast households have already made with rooftop solar arrays (add all the solar rooftops together and the Sunshine Coast has 124MW solar capacity – data from Energex).

The Sunshine Coast Council hopes to leverage the solar farm to develop a ‘Clean Tech’ hub in the region. This hub provides opportunity to further develop this industry sector, encourage increased external investment in the region, and help drive increased and sustainable employment.

LIGHT RAIL PROJ ECT N E W LIGHT R AIL $2 BILLION INVESTMENT Mass transit is one of the major game-changing projects spearheading council’s plans to sustain the Coast’s prosperity, lifestyle and natural assets into the future.

Sunshine Coast Council light rail project has been identified as a future pillar of the region’s public transport system with its population expected to grow to 560,000 by 2041. The light rail project, proposed to run between Maroochydore and Caloundra, would be up and running within a decade.

Solar Farm

Sunshine Plaza

COOLUM

$440 million

>$ 10 million 100

expansion

and retail jobs

my

Y

$4.1 billion

University

S UNSHINE

2230 jobs

B R UCE H IGHW A

NAMBOUR

COAST MW Y

by renewables

Airport

5200

cr

$81 million

MAROOCHYDORE

expansion complete

20,000 students by 2020

Bruce Highway BUDERIM CO AST

$1.6 billion

expansion and upgrade

SUNSH I N E

First stage to be completed by 2020

Y MW

Palmvi ew

MOOLOOLABA

$3 billion

FUTURE ROAD CONNECTION

+

KAWANA WAY

development

17,000 residents

roadband

Submarine cable

$927 million

FUTURE ROAD CONNECTION

$4.4 billion

L CAL OUN D RA M O O

LANDSBOROUGH

D

4600 jobs $1.8 billion investment

Mass Transit Network

CALOUNDRA

15,000 jobs

Stage 1 by 2025

9000 jobs

my

$3.6 BEERWAH

IGH CE H BRU

Development ready by 2027

FUTURE ROAD CONNECTION

WAY

Beerwah East

44,000 residents

R RA

Maroochydore

CAL O UND

IN WAY

$453 m to Sunshine Coast economy

OO

Hospital NI C KL

to the Queensland economy

RD L A BA

Source: Stockland, Urbis, Cordell Connect, Project Websites

Camcos alignment Sunshine Coast train line Major projects Bruce Highway upgrade

Aura

my

(Caloundra South)

50,000

residents

$7 billion+ investment

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.

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

MORETON BAY

CHRIS MASSIE DIRECTOR - COMMERCIAL PRINCIPAL 0412 490 840 chris.massie@raywhite.com

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

BLAKE PRIMROSE SENIOR SALES & LEASING EXECUTIVE 0423 555 043 blake.primrose@raywhite.com

MICHAELA WEBB PERSONAL ASSISTANT TO CHRIS MASSIE (1300) 255 075 michaela.webb@raywhite.com

PINE RIVERS

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

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

SUNSHINE COAST

MORETON BAY

PINE RIVERS

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