IM by Ray White Commercial Northern Corridor Group

INFORMATION MEMORANDUM 4/64 WILLIAM BERRY DRIVE MORAYFIELD QLD 4506

FOR SALE PREPARED BY Michael Shadforth & Julie Ryan

T HE OPPORTUNITY

Ray White Commercial Northern Corridor Group are pleased to present 4/64 William Berry Drive, Morayfield for sale. The property is ideally situated between busy Morayfield Shopping Centre & brand new state of the art Morayfield Medical Hub. This site suits any professional office or medical consultation user looking to take advantage of the high exposure and signage opportunity to passing traffic. Features: • 408m2 office space with ducted air-conditioning • Large open plan layout with multiple private offices throughout • Internal amenities with showers & toilets • Fully fit out reception with waiting area • Large on site car park • Signage opportunity • Short walk to public transport Don’t miss this outstanding opportunity. For further information or to arrange an inspection, please contact marketing agents Michael Shadforth or Julie Ryan.

* Approximate | Please refer to the disclaimer clause | Outlines and locations are approximate

AGENT S

CONT ENTS T HE OPPORT UNIT Y

EXECUT IVE SUMMARY

LOCAT ION

5- 6

BRISBANE CIT Y HIGHLIGHT S

PHOT OGRAPHY

DISCLAIMER

OFFER T O LEASE

OUR T EAM

MI C HA E L SHA D F OR T H 0 48 8 98 1 0 7 6 Michael.shadforth@raywhite.com

J UL I E R Y A N 0 447 445 453 Julie.ryan@raywhite.com

Information Memorandum | 4/64 William Berry Drive, Morayfield

EXECUT IVE SUMMARY

ADDRESS

4/64 William Berry Drive, Morayfield QLD 4510

PROPERTY DESCRIPTION

2x Prime office opportunities along main arterial road

REAL PROPERTY DETAILS

Lot 1 on RP236595

ZONING

District Centre (Corridor)

SITE AREA

865m 2*

NLA

765m 2* + 100m 2* Mezzanine

ZONING

Office

LOCAL AUTHORITY

Brisbane City Council

INTEREST OF SALE

100% Freehold

METHOD OF SALE

Private Treaty

* Approximate | Please refer to the disclaimer clause | Outlines and locations are approximate

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Information Memorandum | 4/64 William Berry Drive, Morayfield

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* Approximate | Please refer to the disclaimer clause | Outlines and locations are approximate

Information Memorandum | 4/64 William Berry Drive, Morayfield

AREA OVERVIEW QUALITY FREEHOLD PROPERTY The property represents a fantastic opportunity to purchase professional freehold office suites in the heart of Caboolture CBD. The building itself has been well constructed and maintained and offers ample car parking with approximately 22 spaces. The property is to be sold with vacant possession or can be leased. CONNECTIVITY This property is well positioned with easy and direct access to King Street and also access to the Dâ&#x20AC;&#x2122;Aguilar Highway with north/south on ramps approximately to the north. CABOOLTURE COMMERCIAL OVERVIEW Our prediction was that the release of Corporate Park East nearby would begin providing some relief to the intense stock squeeze by the third quarter of 2019. However, the off-plan land sales to date are entirely owner occupier driven, meaning no speculative development of smaller strata units is on the cards at this stage. We believe there are a combination of factors that have impacted the ratio of developer/builder to owner-occupier activity. Firstly, the pent-up owner-occupier demand due to the lack of existing stock cannot be overstated, with 82 requirements for stand-alone facilities currently on our books. There may be no better reflection of this appetite than the sale this week of one of the lots fronting Bribie Island Road at Peter Rash Court for $320m2 after eight years on the market! Secondly, the tightening of lending criteria has reduced the capacity of developers to speculatively build without the certainty of a tenant. This creates a chicken-andegg dilemma that will lead to a positive outcome for anyone willing or able to produce stock. Thirdly, the Caboolture market is largely untested by the institutional developers, who are more comfortable maintaining their presence in the more established innercity markets, regardless of the inflated land prices and increased competition. These are the companies with the capacity to develop in the new, more restrictive financial environment, but who do not yet have the appetite. We anticipate the maturation of North Lakes and the tightening of inner-city markets will eventually force them to look further afield, but the timing of this is unknown. In summary, there is scope for some upward pressure on gross rents in this area, though increased outgoings costs mean not all of this growth will end up in ownersâ&#x20AC;&#x2122; pockets. Appetite for tenanted investment properties will remain strong, as low interest rates see investors hunting a return on their cash. Corporate Park East will continue to provide some relief for owner occupiers, but any developers willing to roll the dice on building functional industrial buildings for lease should see the odds in their favour for a positive

OFFICE T O PURCHASE

I her eby wish to submit an offer to ................................................................................... 4 /64 William Ber r y Dr ive, Mor ayfield My offer conditions ar e outlined below: Entity

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Finance Term (if applicable)

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Settlement date

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Purchase Price

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Deposit

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Pur chaser â&#x20AC;&#x2122;s solicitor

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Addr ess

Contact number

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Special conditions:

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T his offer is made on the following basis: 1) The Purchaser undertakes to pay any GST payable in respect to this offer. 2) The Purchaser further undertakes to pay all Stamp Duties and other costs associated with the preparation and execution of the Contract (if applicable), subject to prior acceptance of the figure quoted prior to any costs being incurred for with the proposed Seller will be deemed liable. (As allowable under Legislation applicable to the property type). 3) It is further acknowledged: a) That this offer is subject to the formal written approval of and acceptance by the Seller and that no legal rights or obligations will arise unless and until execution of the Contract before the Vendor and Purchaser. Name (pr inted)

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Signatur e

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Witness Name (pr inted)

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Signatur e

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Date

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Information Memorandum | 4/64 William Berry Drive, Morayfield

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.

* Approximate | Please refer to the disclaimer clause | Outlines and locations are approximate

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