Information Memorandum | 9 Torres Crescent, North Lakes | Ray White NCG

MULTI-TENANTED INVESTMENT

For Sale

Prepared by Ray White Commercial Northern Corridor Group

THE OPPORTUNITY

FEATURES:

- Freestanding investment opportunity in the heart of North Lakes

- $382,400.00 net income per annum

- WALE 3.84

- 1,533m² freehold allotment

- 1,249m² total building area

- 899m2 net lettable area

- Current tenants include Safe Places, Ray White, Family First Care, One Step Two Step & Black & More

- Elevator/lift providing disabled access to first floor

- Ducted air-conditioning

- NBN connection

- After hours card access

- 27 on site car parks

- 9 x storage sheds

- Drive through access

- Located in the sought after North Lakes Business Park

- Minutes to Bruce Highway

- Close to Westfield, Costco, Bunnings and other major retailers

For further information please contact Aaron Canavan or Chris Massie.

Ray White Commercial Northern Corridor Group are pleased to offer 9 Torres Crescent, North Lakes for sale.

EXECUTIVE SUMMARY

ADDRESS

9 Torres Crescent, North Lakes QLD 4509

PROPERTY DETAILS Lot 88 SP275737

TITLE

51097776

LAND AREA 1,533m2*

BUILDING AREA 1,249m2*

NET LETTABLE AREA

Tenancy 1 - 161m2

Tenancy 2 - 306m2

Tenancy 3 - 114m2

Tenancy 4 - 247m2

Tenancy 5 - 71m2

Total Net Lettable area: 899m2*

STORAGE SHEDS

9 Storage sheds

LOCAL AUTHORITY Moreton Bay Regional Council

ZONING MIBA

OUTGOINGS $60,614.14* per annum

NET INCOME $382,400.00 per annum

SALE PRICE $5,950,000.00

TENANCY SCHEDULE

TENANCY INFORMATION

Safe Places for Children is a not-for-profit organisation that provides young people at risk with intensive therapeutic support and supervision in a homely and welcoming residential care setting.

Since 2006, we have grown our operations from a small but passionate group of youth workers, to an organisation of local teams dedicated to supporting vulnerable young people across Queensland, New South Wales, South Australia, Victoria and Western Australia.

We have made a difference in the lives of more than 1,800 young people ranging in age from 10 to 17 years, who exhibit complex emotional and behavioural problems.

Our approach is based on small, stable and consistent teams that build trust with the young person, stabilise their behaviours and give them a sense of hope and direction.

https://www.safeplaces.com.au/

We manage your property like it’s our own. We constantly look at strategic value-add initiatives to improve your property’s capital value whilst driving your investment and maximising its returns.

Our specialist management team negotiates on your behalf to generate maximum return to you for every lease and tenancy, always focusing on improving your yield. You can rely on us to manage your administrative processing and reporting as well as protecting and growing your asset at all times.

We manage all repairs and maintenance, establishing and negotiating maintenance contracts to reduce outgoings. We proactively rectify issues before they become problematic and undertake regular reviews, using our group buying power to improve cost efficiencies.

We understand and have thorough working knowledge of commercial property legislation to ensure your legal obligations are managed. We also keep abreast of legislative changes by way of professional development courses.

Our aim is to tailor our service to your requirements and investment goals.

https://raywhitecommercialncg.com.au/property-management/about

Property Management Office

TENANCY INFORMATION

Services for children and adults including occupational therapy, speech pathology, psychology, physiotherapy, diet & nutrition and more for all South East Queensland areas.

https://onesteptwostep.com.au/about-us/

Quality in-home nursing services that put you and your family first.

We are Family First Care.

We want the best outcome for you. We don’t want you to just exist. We want you to live stress free, go and get your feet wet, your hands dirty. Laugh with friends and family, always smile.

You are valued members of society, your experience in life is your biggest asset, we want to add to the vibrant chapters of your life.

We are a team that we like to think of as family. We stand beside you in this most important time of your lives. We are incredibly grateful for the opportunity to serve those who have served us, in many different facets. We want to deliver a brighter future for our DVA partners and their families.

Our staff are the best people for their job, which not only means they’re the most qualified and skilled, but also the most caring, empathetic and truly respectful people.

You will always be delivered great quality and good value from our friendly, respectful, dependable, local staff, who you can trust.

We put you and your family first. Everytime, in everything we do.

We are Family First Care.

https://www.familyfirstcare.com.au/

Black & More is a leading provider of professional engineering and project management services throughout Queensland.

Black & More operates from five locations in Brisbane, Cairns, Sunshine Coast, Atherton and Toowoomba. Our team of management and engineering professionals has a proven track record of achieving outstanding results for our clients. Building our reputation on successful relationships with long-term business partners and clients, we are committed to providing expert services that ensure client needs are met and expectations exceeded.

Over the last two decades, Black & More has planned, designed and delivered outstanding project outcomes.

LOCATION

NORTH LAKES - Moreton Bay Region

There’s never been a more exciting time to invest in the Moreton Bay Region.

As a leader in economic and population growth, Moreton Bay Region is the third largest local government area in Australia by population. Located in South East Queensland’s northern growth corridor, our region provides the perfect balance between business and lifestyle. Moreton Bay Region, as Brisbane City’s northern neighbour, has capital city convenience without the cost.

Major transport routes transverse the region creating easy access to international sea and airports, and local and long-distance rail connections. This year marks the opening of USC’s new Moreton Bay campus in Petrie. It also marks a major milestone for The Mill at Moreton Bay - a major knowledge and innovation hub that is expected to deliver 6000 jobs and almost $1 billion into the regional economy each year. These and more major infrastructure projects will underpin new, exciting opportunities for continued economic development, employment growth and business confidence into the future.

moretonbay.qld.gov.au

LOCATION

NORTH LAKES

North Lakes is an expansive master planned community developed by leading developer, Stockland. North Lakes creatively brings together a variety of uses including industrial, trade, showroom, commercial, residential, education and community facilities creating a truly unique and vibrant community. Upon completion, the development is now home to over 25,000 people and has created employment opportunities for an estimated 14,000 people.

North Lakes is located 25km* north of the Brisbane CBD, 20* minutes from the Brisbane Airport and 30* minutes from the Sunshine Coast. The subject property provides access to Diamond Jubilee Way through to Boundary Road and the Bruce Highway North and South, ideal for users looking for quick and efficient connectivity to Northern and Southern market. The area is serviced by a mix of transport solutions including public transport services (bus and rail) as well an abundance of amenity within close proximity including North Lakes Town Centre and Westfield Shopping Centre.

The property is ideally positioned on Torres Crescent which connects with Flinders Parade, one the busiest roads in North Lakes, connecting all the way to Queensland’s first Costco, the largest Bunnings store in Queensland and furthermore IKEA, the Swedish furniture and homewares giant.

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.