Your Opportunity
The Property:
Lot 906 is the largest lot in Corporate Park East and is the only parcel currently available for on-sale in this sold out estate. The owner-occupier vendor has purchased an alternative existing facility, meaning this property is now surplus to their needs and their motivation to sell within a set time is genuine.
Those who understand development will appreciate the off-site stormwater management, extensive external road upgrades and service connections that have already been completed, removing significant cost and time variables.
Key features of this opportunity:
3.206ha* of General Industry land
Sewer, power, water and NBN connected
Benched, compacted and cleared, ready to develop
Off-site stormwater management for maximum site yield
Drive through semi access for maximum functionality
24-hour B-Double access
6 minutes to the M1 Bruce Highway on ramp
Method of Sale:
The property is being offered to the market for sale by Offers to Purchase, closing on Thursday, September 5th at 4pm(AEST).
Chris Massie Director
0412 490 840 chris.massie@raywhite.com
The most significant parcel of serviced General Industry land in one of the fastest growing regions in the country.
NORTH HARBOUR RESIDENTIAL
CORPORATE PARK
M1 BRUCE HIGHWAY
CABOOLTURE AERODROME
NORTH HARBOUR BUSINESS PARK MORAYFIELD
Executive Summary
Lot 906 McNaught Road, Caboolture 4510
Real Property Description
Land Area
Zoning
Local Authority
Site Description
Street Access
Services
Proposed lot 906 as part of Lot 901 on SP 311284 and Lot 907 on SP 327712
3.206ha*
General Industry
Moreton Bay Council
The site offers level land with little vegetation. Situated at the font of Corporate Park East upon the corner of McNaught Road and Cyan Road.
The site is access via Cyan Road with a bitumen sealed road. Potential for Left out access onto McNaught Road to facilitate drive through access.
The site is connected to all normal services including reticulated water, stormwater, sewerage, electricity and communication
CPE Site Plan
Corporate Park East
About Corporate Park East
The Estate:
Since the completion of the first stage in 2021, Corporate Park East has been a hive of activity, as both developers and owner occupiers scrambled to position themselves in this booming region. The 86 lots across five stages were initially expected to take eight years to be absorbed by the market. A perfect storm of post-COVID market conditions saw the whole estate sell out within three years, with all but three lots selling off plan.
A complimentary blend of tenants and owner-occupiers now call the estate home. The volume of new buildings leased or sold prior to final certification in the initial stages have given confidence to the investor market, who have been willing to commit to vacant buildings, further fast tracking stock absorption.
CPE Overview:
86 lots sold out with no further land releases possible
Record lease and sale rates being achieved for existing buildings
Over 2.5X increase in average land sale value in last 4 years
Immediate Bruce Highway access via Bribie Island Road
What Drives the Caboolture Industrial Market?
The Caboolture industrial market is made up of approximately 475 strata and freehold properties ranging from small strata “man sheds” to multi hectare manufacturing and engineering workshops. The bulk of the properties can be found at Corporate Park and Corporate Park East, a 140-hectare integrated industrial park that has long been the epicentre of industry for the region.
Caboolture has experienced a perfect storm of market conditions in the last four years that now has it positioned as one of the most strategic industrial hubs in South East Queensland.
Land Supply Constraints
The next five years in particular will see further tightening of what is already a chronic supply shortage of General Industry land in the region. Vacant industrial rates have increased from $215m2 in 2020 to over $550m2 in 2024. There is now no remaining land earmarked for General Industry subdivision between Caboolture and Brisbane. Future industrial land supplies to the north and west of Caboolture face major infrastructure hurdles and in any case would only provide enough supply to satisfy current demands and will barely scratch the surface of what is truly required to service this growing population.
Population Growth
With Caboolture West expected to accommodate around 70,000 residents and 30,000 homes over the next four decades, the area is set to experience a substantial population boom. This surge in population growth will likely trigger a surge in local businesses seeking industrial spaces to cater to the needs of this expanding community.
Affordable Housing & Labour
Industrial businesses across the country are struggling to access the necessary skilled labour and housing affordability and cost of commuting are the two factors that dictate workforce location. Caboolture has the potential to supply close to 40,000 new homes, spurred on by the Government’s Affordable Housing mandate. This is proving doubly attractive for businesses in the trade services and building supply industries, who want to position themselves to servicing the demand from the same residential construction projects that this new labour force will call home.
KEY INDUSTRIAL PRECINCTS
Caboolture forms part of an integrated corridor of Light Industry, General Industry and Mixed Use precincts that each play their part in servicing the needs of the Northern Corridor.
Caboolture
Morayfield
North Lakes
Deception Bay
Burpengary
Petrie
Strathpine
Chermside
Arana Hills
Yugar
Cashmere
Samsonvale
Aspley
Brisbane Airport
Brisbane City
Elimbah East
This is likely one of the only precincts capable of delivering serviced General Industry land in the near future. The mixed use development will see industrial complimented by commercial, residential, community and environmental areas integrated within the master plan.
Corporate Park & Corporate Park East (Subject Property)
This 124 Hectares of established General and Service industry uses is the key business precinct in the North Moreton area.
North East Business Park
83 hectares of light industry and mixed use land attached to an integrated residential community.
Caboolture West
This is the “engine room” that will drive dramatic change across the region for the next decade. A 3,480ha parcel earmarked to house more than 68,000 new residents. This is a larger population than Rockhampton and would be the eighth largest city in Queensland. It is unlikely to see serviced industrial land within seven years.
Narangba & Deception Bay Industrial
This corridor flanking the Bruce Highway is home to the majority of larger general industry and hard to locate businesses in the region. Environmental and residential constraints make any further expansion of this precinct unlikely.
North Lakes Business Park
This fully developed Mixed Industry business park services the 25,000+ residents of the adjoining community, with service industry, retail and office users benefiting from the immediate highway access. There is no room for additional expansion of this park.
Clontarf Industrial Estate
This fully developed Industrial park services the communities of the peninsular, with service industry, retail and office users benefiting from the immediate Gateway Motorway access. There is no room for additional expansion of this park.
Petrie Mill
This innovation precinct is an initiative of the Moreton City Council, intended to attract innovative technical and data driven businesses into a campus-style master planned precinct. Anchored by University of Sunshine Coast, Moreton Campus,
Brendale Industrial Estate
This has long been the largest industrial precinct in Moreton Bay, housing a self-sufficient mix of complementary local and national businesses. Recent major land transactions and commitments from national businesses sees this precinct nearing the end of its expansion potential.
Offer to Purchase Lodgement Form (OTP)
I / We register our Offer to Purchase enter into negotiations to purchase the property located at Lot 906 McNaught Road, Caboolture 4510. Sold via Offer to Purchase Thursday, September 5th at 4pm (AEST).
To submit your offer, please complete the following details and return to chris.massie@raywhite.com
PROPERTY DETAILS:
Address Lot 906 McNaught Road, Caboolture 4510
Legal Description Proposed lot 906 as part of Lot 901 on SP 311284 and Lot 907 on SP 327712 Total Land Area 3.206ha*
EXPRESSION OF INTEREST:
Proposed Price $ GST Exclusive
Proposed Deposit 10% of the Purchase Price = $ GST Exclusive
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) ABN ACN (If applicable) GST Registered Yes No (please circle one)
DETAILS OF PROPOSED BUYER’S SOLICITOR (IF KNOWN):
OTP Form Proposed Buyer Acknowledgment
In submitting an Offer to Purchase form to buy the subject property (“OTP”), 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 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 OTP 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 OTP.
5. The Vendors may sell the subject property to any person they choose, as a result of the OTP 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 OPI or other proposal to buy the subject property as determinative; or
The submission of the Proposed Buyer’s OTP will lead to any particular outcome.
6. No claim can be made against the Vendors, or RWC Northern Corrifor Group in relation to any costs or expenses incurred by a respondent in evaluating the subject property or submitting an OTP.
7. This OTP constitutes an Offer to Puchase by the Proposed Buyer to negotiate for the possible sale and purchase of the subject property.
Execution:
Signed by the Proposed Buyer only.
Full Name Signature
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 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. “Sold/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.