Information Memorandum | 40-42 Main Street, PALMWOODS | Ray White Commercial Northern Corridor Group

Ray White Commercial Northern Corridor Group

40-42 MAIN STREET, PALMWOODS QLD 4555

ADDRESS 40-42 Main Street, PALMWOODS QLD 4555

PROPERTY DETAILS Lot 2 on RP141433

BUILDING AREA 333 m2*

LAND AREA 595 m2

LOCAL AUTHORITY Sunshine Coast Regional Council

ZONING Local Centre Zone

FOR SALE Offers over $1,200,000

Samuel Hoy from and David Goldsworthy from Ray White Commercial Northern Corridor Group are excited to offer 40-42 Main Street, Palmwoods to the market. Situated walking distance to all local amenities, the property has undergone a renovation to convert the residential dwelling to a highly functional office for Global Training Institute of Australia. Benefiting from flexible Local Centre Zoning, the asset lends itself to multiple uses and future development (STCA)^.

FEATURES

• Longstanding business

• New 3 year lease with 2 x 3 year options

• $73,596 P/A + outgoings + GST

• Mix of open plan and private offices with excellent natural light

• 13kw solar system

• External camera and home security system

• Internal and external staff breakout areas

• Full kitchen facilities

TENANT 40-42 Main Street, PALMWOODS QLD 4555

RENT $73,596 P/A + OUTGOINGS + GST

TERM 3 years

OPTIONS 2 x 3 years

INCREASES CPI

OUTGOINGS 100% recoverable

BOND 2 months

*Subject to negotiation

Palmwoods is a suburb located in the Sunshine Coast region of Queensland, Australia. It is situated approximately 100 kilometers north of Brisbane and 25 kilometers west of Maroochydore, the regional center of the Sunshine Coast.

Palmwoods is a small but growing suburb with a population of around 5,500 people. The suburb has a rural feel and is surrounded by farmland and natural bushland, making it a popular destination for those seeking a peaceful and tranquil lifestyle.

The area has a rich history, with evidence of Indigenous occupation dating back over 10,000 years. European settlement in the area began in the late 1800s, and the town of Palmwoods was officially established in 1891. Today, the suburb retains much of its historical charm, with many of the original buildings still standing and in use.

Palmwoods has a range of amenities and services, including several parks and recreational areas, a library, a community hall, and a local shopping precinct. The suburb is also home to a number of schools, including Palmwoods State School and Montville State School, as well as a range of sporting clubs and community groups.

The area is well-connected, with easy access to major transport routes, including the Bruce Highway and the Sunshine Motorway. This makes it easy to travel to other parts of the Sunshine Coast and beyond. Additionally, Palmwoods is just a short drive from some of the region's best attractions, including the beaches of the Sunshine Coast and the scenic hinterland.

The purpose of the Local centre zone code is to provide for a range of activities that complement, but do not compete with, the role and function of higher order activity centres by meeting the convenience service needs of individual rural towns and villages or coastal urban neighbourhoods, and providing local employment opportunities.

Local centres are developed as well designed, safe and visually attractive local convenience centres, predominantly in a low rise building format, where significant off-site impacts are avoided.

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An hour north of Brisbane, the Sunshine Coast stretching from Caloundra in the south through to Noosa/Tewantin in the north and incorporating hinterland townships to the west in between, covers an area of approximately 2,291 square kilometres with 60 kilometres of spectacular open coastline. The Sunshine Coast is Australia’s 9th largest population centre (as of June 2021) and 5th largest in the state, with a population growth outpacing most of the nation, and one of the fastest growing regional economies.

Over the past several years there has been billions of dollars’ worth of investment poured into the region from both the public and private sectors, with projects including airport expansion, the building of the public and private university hospitals and health hub, SunCentral CBD in Maroochydore, the city of Aura in Caloundra South, submarine broadband connection providing fastest connection to Asia from the east coast, Bruce Highway upgrade, multiple new housing estates and associated infrastructure including schools and sporting facilities, industrial parks and more.

The Sunshine Coast comes under the governance of two local councils – the Sunshine Coast Regional Council covering the southern to central suburbs, and Noosa Shire Council. There is good connectivity across the region via road networks, rail through the hinterland townships, and bus; and the Sunshine Coast Airport now has a second runway and is open to international travel (now Australia’s fastest growing airport (traffic-wise).

With the 2032 Olympics being held in south-east Queensland, there will be an acceleration in investment in this region, particularly in and around transport, including possible rail upgrades providing line duplication for fast rail and there is also a proposal in place for a light rail coastal service.

D I S C L A I M E R

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.

Ray White Commercial Northern Corridor Group

Michael Shadforth Director - Commercial Principal 0488 981 076 michael.shadforth@raywhite.com

Samuel Hoy Sales & Leasing Executive 0423 795 273 samuel.hoy@raywhite.com

David Goldsworthy Sales & Leasing Executive 0481 996 794 david.goldsworthy@raywhite.com

Cassie Mahoney Senior Administrator 1300 255 075