Information Memorandum | 68-116 Henebery Road, Burnside | RWC NCG & Special Projects Qld

68 - 116

HENEBERY ROAD

BURNSIDE, QLD 4560

6.5ha*

Approved 38 Lot Subdivision

Information Memorandum

Ray White Special Projects QLD and RWC Northern Corridor Group are pleased to offer for sale a 6.5ha* development site with DA approval in the heart of Burnside on the Sunshine Coast.

INTRODUCTION

Ray White Special Projects Qld and RWC Northern Corridor Group are pleased to present to the market a 6.5ha* development site with DA approval for 38 lot residential subdivision in the central hinterland of the Sunshine Coast.

Key features of th unity:

 Land Area: 64,900m2* (6.5ha*)

 Development Approval for a 38 lot subdivision

 8min* to Nambour train station

 20km* to Sunshine Coast Airport

 5min* Nambour Public Hospital

 Significant Growth Corridor

 Discounted Infrastructure Charges

 Indefinite Approval Period

 Limited Land Supply

 Low Density Residential Zoning

Method of Sale

The property is being offered to the market for sale by Expressions of Interest, closing: 4pm (AEST) Friday, 14 June, 2024.

* Approximately

Michael Shadforth

RWC Northern Corridor Group

M (+61) 488 981 076

E michael.shadforth@raywhite.com

Samuel Hoy

RWC Northern Corridor Group

M (+61) 423 795 273

E samuel.hoy@raywhite.com

David Goldsworthy

RWC Northern Corridor Group

M (+61) 481 996 794

E david.goldsworthy@raywhite.com

Tony Williams

Ray White Special Projects (Qld)

M (+61) 411 822 544

E tony.williams@raywhite.com

Mark Creevey

Ray White Special Projects (Qld)

M (+61) 408 992 222

E mark.creevey@raywhite.com

ASSET OVERVIEW

68-116 Henebery Road, Burnside, QLD 4560

LEGAL DESCRIPTION Lot 64 on Survey Plan 170763

TOTAL SITE AREA

6.49ha* (64,900m2*)

LOCAL AUTHORITY Sunshine Coast (Maroochy)

SITE DESCRIPTION

FRONTAGE & STREET ACCESS

SERVICES

The site comprises a 64,900m2* irregular shaped allotment with the northern section predominantly cleared with minimal vegetation remaining, however, dense foliage and trees feature from the mid to southern end.

Street access to the site is from James Whalley Drive x2 and Henebery Road North

Services (sewer, stormwater, power, electricity and communication networks) are available on site to carry through the balance of the development.

ZONING Low Density Residential

LEGEND

LOW DENSITY RESIDENTIAL

TOWN PLANNING DEVELOPMENT APPROVAL

68-116 Henebery Road, Burnside, QLD 4560

The purpose of the low density residential zone code is to provide for predominantly low density, low rise residential activities on conventional sized urban residential lots. Whilst primarily intended to accommodate dwelling houses, dual occupancies may also be accommodated in appropriate locations along with other residential activities and smallscale services and facilities that cater for local residents.

LOCAL PLANNING SCHEME Sunshine Coast Council (2024)

PROPOSED DEVELOPMENT

DEVELOPMENT APPROVAL SUMMARY (REC03/0067.03)

The following type of approval has been issued:

Development Permit for Reconfiguration of a Lot (Major Urban Subdivision) and Preliminary Approval for Operational Works (Engineering Works)

 The REC (Reconfiguration of a lot) Approval remains in perpetuity.

 The ICN charges for future development of this site are $24,177 per lot offering a considerable discount against the standard charge of $30,667 per lot

 Unity Water Approval is still active on the original OPW – a minor change to the design would be required

 A new OPW required for the Minor Change Approval 2024

 Staging 2c & 2d provides a benefit in delay of construction for the required crossing to Stage 2e until such time as the developers on southern boundaries also upgrade their road frontages.

 Q-Leave payment of $13,300 has been paid for the original OPW and will carry over to the new OPW

Markers and boundaries are indicative only. Sizes are approximate only. Plan not to scale.

* Plan Indicative Only

AERIAL OVERVIEW

Windsor Park Estate

Nambour Mapleton Road

Marcoola

Bli Bli

Mudjimba

Nambour

Woombye

Buderim

Maroochydore

Mooloolaba

Sippy Downs

Bokarina

Currimundi

Caloundra

MAJOR PROJECTS

SUNSHINE COAST AIRPORT MAJOR EXPANSION PROJECT $225 MILLION INVESTMENT

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.

THE SUNSHINE COAST WAS VOTED THE WORLD’S NUMBER ONE MOST LOVED TOURIST DESTINATION

A new study of almost two billion sources has revealed that Queensland has four of the top nine tourist destinations in the world, beating out international locations like Bora Bora.

Visit Sunshine Coast CEO Matt Stoeckel said the announcement was an endorsement of the Sunshine Coast as a premium tourist destination.

“With international borders set to open, the fact that the Sunshine Coast resonates so strongly overseas highlights the potential we have to regrow our visitor numbers.”

BRUCE HIGHWAY EXPANSION UPGRADE

$1.8 BILLION INVESTMENT

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 high-speed, high volume corridor.

SOLAR FARM RENEWABLE ENERGY INVESTMENT

$10 MILLION INVESTMENT

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.

THE BRIGHT CITY NEW COAST CITY CENTRE

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 groundbreaking 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.

LIGHT RAIL PROJECT - NEW LIGHT RAIL

$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.

THE LOCATION

Burnside is a suburb of Nambour, an inland town of the Sunshine Coast situated only 19.7km* from the Maroochydore CBD and 18.6km* from the Sunshine Coast Airport, providing a prevalent rural charm and much loved location for residents and local business.

Local Residents are benefited from picturesque hinterland on their doorstep, easy access to nationally renowned beaches to the east and Noosa to the north.

$18.5 bn ECONOMY

One of the largest regional economies in Australia with 5% annual growth, well above the national rate. The economy is forecast to be $33bn by the end of 2033.

The population estimate for Burnside in 2022 was 3,104 up nearly 700 residents from 2016. Fueled by the very high demand for Sunshine Coast property. April 2023-March 2024 the Median House Price of $776,250 a change of 5.89% over the past year and 23.60% over 2 years.

The median rent in Burnside for houses is $650 per week and the median rental yield is 4.36%.

$12.5 bn INVESTMENT

More than $12.5bn in significant infrastructure projects & private investment underway or recently completed.

27,000 JOBS IN THE PAST 5 YEARS

Sunshine Coast is one of the top 10 leading regions in the country for employment generation.

500,000 PEOPLE BY 2041

The Sunshine Coast is one of Queensland’s fastestgrowing regions.

81,400 PEOPLE CONSIDERING THE SUNSHINE COAST

A Property Council of Australia’s survey of 220,000 Sydney and Melbourne residents showed 37 percent, or about 81,400 people, were considering moving to the Coast in the next five years.

OLYMPIC GAMES

2032

Four key venues & several sporting events are scheduled with supporting infrastructure investment in the pipeline.

In the last 12 months, Nambour like many other suburbs on the Sunshine Coast saw great growth in both property values and rental returns.

The median house sale price has risen to $686,000 making it one of the more affordable locations on the Sunshine Coast but still significantly stronger than pre pandemic prices. Growth in the last 12 months did slow to 1% over 175 property transactions; however, land sales were next to none due to lack of supply in the market but the demand is still very strong. The main buying demographics are first home owners and young families looking for more traditionally sized house and land options.

~Matt O’Grady, Principal Ray White Nambour

Investors are still seeing very strong rental returns with the median rental price being $620 per week, this yield is up 4.7% from the previous 12 months. We are also seeing vacancy rates steady at around the 1% mark, proving there is still a lack of rental properties available in the area.

This influx of younger families has had a positive impact on the town of Nambour as well. Cafes and restaurants are popping up and major brands like Coles, Hungry Jacks and Mitre 10 have moved into the area building new facilities and underpinning the town’s positive growth.

SALES PROCESS

For Sale via Expressions of Interest (EOI) Closing: 4pm (AEST) Friday, 14 June, 2024

The seller retains the right (in their absolute discretion) to:

 Decline to consider and/or accept any Expression of Interest lodged in response to this invitation;

 Negotiate directly with any party who has lodged an Expression of Interest at any stage;

 Change this invitation;

 Enter into any agreement for sale of the property on such terms as are acceptable to the sellers discretion;

 Require additional information from a party who has lodged an Expression of Interest;

 Accept or decline a non-conforming Expression of Interest at any stage of the sale process;

 Reject all or any Expression of Interest at any time for any reason; and

 Withdraw the property from sale.

DUE DILIGENCE INFORMATION

A complete data room is available to qualified parties which can be accessed via our secure Data Room.

Please contact the marketing agent to obtain access to the following documentation:

Asset Information Folder:

 Development Approval Documentation

 Title Search

 Smart Map

Michael Shadforth

RWC Northern Corridor Group

M (+61) 488 981 076

Mark Creevey

 Services Plan  Council Rates  Bill of Quantities

Samuel Hoy

RWC Northern Corridor Group

M (+61) 423 795 273

Ray White Special Projects (Qld)

M (+61) 408 992 222

David Goldsworthy

RWC Northern Corridor Group

M (+61) 481 996 794

Tony Williams

Ray White Special Projects (Qld)

M (+61) 411 822 544

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 SP Agency Services Pty Ltd trading as Ray White Special Projects Qld 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 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.

LODGEMENT FORM

Expressions of Interest (EOI)

I / We register our Expression of Interest to enter into negotiations to purchase the property located at: 68-116 Henebery Road, Burnside, QLD 4560

Property Details:

Address 68-116 Henebery Road, Burnside, QLD 4560 Real Property Description Lot 64 on Survey Plan 170763

Expression of Interest: Proposed

Proposed Settlement Date

Further Details or Information (Finance, Conditions etc.)

Details of Proposed Buyer:

Full Name(s)

Contact Address Contact Mobile Contact Email Company Name (If applicable)

ACN (If applicable) GST Registered Yes No (please circle one)

Details of Proposed Buyer’s Solicitor: Firm

Name / Contact Address

Proposed Buyer Acknowledgment

In submitting an Expression of Interest to buy the subject property (“EOI”), the Proposed Buyer agrees to the following conditions:

1. The Proposed Buyer agrees to and accepts all disclaimers, limitations and qualifications in any written or verbal brochure, advertisement, representation, search, advice or information issued by the Vendors or Ray White Special Projects, Ray White Commercial Northern Corridor Group or anyone on behalf of either of them (“Marketing Material”).

2. The Proposed Buyer acknowledges that the Proposed Buyer has to satisfy itself about the characteristics, value, potential and features of the subject property by relying only on the Buyer’s own enquiries and investigations and not on any Marketing Material. Therefore, neither the Vendors nor Ray White (or their respective employees and agents) will be liable if any Marketing Material is incorrect, incomplete or misleading.

3. The Proposed Buyer accepts and agrees to the terms of the Disclaimer in the Information Memorandum containing this EOI form.

4. The Proposed Buyer agrees that the Vendors will not be obliged to sell the subject property in response to this or any particular EOI.

5. The Vendors may sell the subject property to any person they choose, as a result of the EOI process or otherwise, or not at all. The Proposed Buyer cannot assume or expect that:

 The Vendors will negotiate, or not negotiate, with the Proposed Buyer or any other respondent;

 The Vendors will accept the highest purchase price offered;

 The Vendors will consider any particular feature of an EOI or other proposal to buy the subject property as determinative; or

 The submission of the Proposed Buyer’s EOI will lead to any particular outcome.

6. No claim can be made against the Vendors, Ray White Special Projects QLD or Ray White Commercial Northern Corridor Group in relation to any costs or expenses incurred by a respondent in evaluating the subject property or submitting an EOI.

7. This EOI constitutes an Expression of Interest by the Proposed Buyer to negotiate for the possible sale and purchase of the subject property.

Execution:

Signed by the Proposed Buyer only.