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INTRODUCTION 5 SNAPSHOT
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HIGHLIGHTS
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STRATEGIC POSITION
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LOCATION
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BENCHMARK & QUALITY DESIGN
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MAKE YOUR MOVE
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FLOOR PLAN
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DISCLAIMER
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CONTENTS
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59 East St
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Intr od u cing
The Heart of Ipswich Designed by leading architects and delivered by an experienced and highly regarded project team, Ipswich’s exciting redevelopment of the Court House building will be defined by quality and style and will cut a prominent figure in the Ipswich CBD. 59 East Street redevelopment will transform the prior court house to deliver a new A-Grade office & retail opportunity centrally located in the geographical core of the Ipswich CBD. The building is highly adaptable and can be tailored to suit a variety of uses. We look forward to assisting you throughout the campaign.
www.59ea s t.c om.au
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59 East St
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SNAP SHOT
ADDRESS: 59 East Street, Ipswich, Queensland, Australia 4305 (“59 East”) DESCRIPTION: Designed by leading architect Arkhefield and delivered by Axis Capital, 59 East is Ipswich’s newest redevelopment of the prior Court House. Upon completion 59 East, will comprise circa 6,000 sqm of quality A-grade accommodation encompassing one level of basement car parking for circa 80 vehicles; lobby and ground level retail component; and two levels of accommodation with 2,500 sqm floor plates. The building is centrally located in the core of the Ipswich CBD, on the corner of Limestone and East Street offering exceptional signage opportunities. The building overlooks a Council park creating opportunities to explore & enhance the building’s relationship with the green space. The existing building is highly adaptable and thus suitable for a variety of potential uses. Such uses may include: • Medical (day hospital, specialist clinics) • Retail • Office • Entertainment • Sports Club • Education
PRECINCT: The property is centrally located within the core of the Ipswich CBD, in close proximity to major retail developments including the Ipswich City Mall and major Coles supermarket. The property benefits from close proximity to Council, Ipswich Hospital and the commercial precinct. Ipswich, located just 39 kilometres from the Brisbane CBD, has a current population of 183,105 (estimated at 30 June 2013) which is forecast to increase by 4.6% per annum (2011 to 2036) to be 532,600 by 2036. This forecast population growth is greater than that expected for Local Government Areas of Brisbane, Townsville, Cairns or Mackay. SITE AREA: 4,543 sqm NLA: 6,000 sqm TYPICAL FLOOR PLATE: 2,500 sqm CAR PARKING: 80 car bays (proposed) REAL PROPERTY DESCRIPTION Lot 11 on RP 16267 FRONTAGES Limestone Street – Northern Boundary East Street – Eastern Boundary Foote Lane – Western Boundary Council Park – Southern Boundary LEASING METHOD 59 East Street is seeking expression of interest by 5pm (AEST) 31 July 2015.
59 East offers an exceptional opportunity to take advantage of a blank canvas in the heart of Ipswich CBD. Andreja Brkan 0405 796 882 leasing@59east.com.au
Robert Bitomsky 0418 788 018 rbitomsky@axiscap.com.au
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59 East St
HIGH LIGHTS A strategic position 59 East is perfectively positioned to capitalise on the surrounding existing and future development pipeline. The building is strategically positioned between the health and civic hub and commercial district. The prominent Limestone and East St corner provides exceptional signage and branding opportunities. The location provides enormous flexibility of use and provides an opportunity for a holistic style development. Bordering a Council park to the south provides exciting retail opportunities to capture trade from Council and the neighbouring 340 bed hospital. A central location Ipswich is Queensland’s oldest provincial city and provides an alluring blend of heritage charm, metropolitan sophistication and expansive green spaces. With Ipswich listed in the top five national growth catchments in Australia, the current population is expected to grow from an estimated 190,000 to 435,000 by 2031, a 141% increase.
Connectivity and accessibility are key highlights of 59 East, positioned on Limestone Street – one of the main thoroughfares linking the CBD with Western Ipswich. East Street links the eastern suburbs to the CBD and the access route to the Hospital and Council. Quality and design Leading architects, Arkhefield have developed an intelligent, innovative scheme to reposition and revitalise the existing structure. The adaptability of the existing building has enabled the architects to explore a variety of uses and tenancy layout configurations. The current concept plans reflect a mix of retail, commercial and integrated public domain which will create an iconic structure in the Ipswich CBD.
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ICON TOWER CITY COUNCIL
CITY SQUARE / TRAIN STATION
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COLES ONE
NE ST BRISBA
The buildings proximity to a variety of industries provides for a variety of potential uses. Located on Limestone and East Streets the building has exceptional signage opportunities, particularly advantageous for businesses looking for exposure.
NEW IPSWICH COURT HOUSE
EST
59 East is centrally located within the Ipswich CBD with frontages to Limestone Street at its northern boundary, and East Street at its eastern boundary, approximately 90 metres east of the Ipswich City Mall. The immediate locality is considered to be the core retail, office, civic and health precinct of Ipswich.
LIM
59 East St
STRATEGIC POSITION
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IPSWICH MOTEL
QUEENS PARK
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1. Ipswich Hospital 2. Coles Supermarket 3. Hayden Centre (ICC) 4. Ipswich Library 5. Ipswich City Council 6. Metro Hotel International 7. Civic Centre 8. Bendigo Bank 9. Post Office 10. New Court House 11. Police Station 12. Icon 1 - State Government 13. City Square/ Train Station 14. Retail Mall
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Retail Residential Accommodation Community Commercial / Office Health Service Industrial Arts Green space 59 East Street
With Ipswich listed in the top five national growth catchments in Australia, the current population is expected to grow from an estimated 180,000 to 435,000 by 2031, a 141% increase. Economy The Ipswich CBD is currently the third largest employer in Queensland behind the Brisbane and Gold Coast CBDs. The Department of Infrastructure and Transport has projected the Ipswich CBD will experience the largest amount of employment growth in South-East Queensland with approximately 57,000 jobs expected to be added between 2006 and 2026. The RAAF defence base at Amberley just to the west of Ipswich is a major defence facility that creates employment and flow on economic benefits for the city. It is the RAAF’s largest base employing over 3,500 people. Employment growth Ipswich is one of the fastest growing cities in Queensland. Ipswich is projected to grow by 4.6% each year between 2011 and 2036. This compares to the Queensland average population growth of 1.9% each year for the same period.
Brisbane metro
Median Age
32 years
35 years
Median monthly housing loan repayments
$1,733
$1,950
Median weekly rent
$280
$325
Median weekly individual income
$592
$633
Median weekly family income
$1,398
$1,615
Median weekly household income
$1,233
$1,388
Median household size (persons)
2.8
2.7
Public Transport and roads Ipswich is well serviced by public transport, with Bell Street rail and bus stations within 250 metres of the property. The Brisbane Citytrain network provides regular services from Ipswich to Brisbane and connections to the Gold and Sunshine Coast rail lines and to the Brisbane International and Domestic Airports via AirTrain. Situated at a major transport node, Ipswich benefits from easy access to five major arterial roads connecting South East Queensland. This includes the Ipswich Motorway which heads directly into the heart of the Brisbane CBD with a journey time of approximately 40 minutes, and the Logan Motorway which links Ipswich through to the Gold Coast and Pacific Highway, with a journey time of approximately one hour. IPSWICH CITY: Top 7 - 2015 Intelligent Community Forum. Ipswich City was selected as the top 7 communities from 400 submissions in the annual awards program for the Intelligent Community Forum of New York City. This is a very significant accomplishment acknowledging broadband access, a knowledge based workforce, innovation, digital inclusion and marketing.
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Source: ABS 2011 census
LOCATION
The Ipswich Story Ipswich is Queensland’s oldest provincial city and provides an alluring blend of heritage charm, metropolitan sophistication and expansive green spaces. Early Colonial buildings stand proud in the city centre, lovingly restored Queenslanders perch on hills and quaint townships dot the surrounding countryside.
Ipswich
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59 East St
Architect’s Statement Arkhefield have a true privilege to contribute to the transformation of this important iconic building at the gateway to Ipswich CBD at 59 East. Central to this project is the re-establishment of a positive contribution this building will bring to the community of Ipswich. The existing solid structures of the court house create the potential to open large new light wells or atriums over multiple floors allowing light to flood deep into the centre of the building, presenting opportunities for internal gardens and social gathering places. The extensive external glazing provides large amount of natural light and views over Limestone Street, East Street, Foote Lane and the beautifully kept adjoining park.
THE VISION Reinventing the outer façade and skin of 59 East Street is paramount to the building’s new identity. The opportunity to break down the existing brutalist façade into an elegant double height commercial foyer provides a facelift to Limestone Street and a new transparency into the building. The new glass entry, double height green wall, sleek awning and feature lighting create a timeless professional elegance to this new entry focal point. The insertion of oversized large architectural boxes into this space provide opportunity for corporate, retail and hospitality tenants to explore spaces within the façade and the opportunities to have presence on the street.
DESIGN
BENCHMARK & QUALITY
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PREMIUM BUSINESS EXPOSURE!
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Make your move to the heart of Ipswich Within the 6,000sqm NLA building there is opportunity to create floor plates as large as 2,500sqm or as small as 50sqm. The building offers flexible floor space for maximum efficiency of multiple configurations to create professional business environments with generous ceiling height and expansive windows. Multiple internal vertical connection nodes allow the easy configuration of floor plates to suit many types of tenants and working environments over a number of floors if required.
Expressions of Interest Process Expressions of Interest from parties interested in leasing 59 East are due by 5pm (AEST) 31 July 2015. Access to the property 59 East is available for inspection by appointment via the exclusive agents. Agent’s Contact Details All enquiries in relation to this opportunity are to be directed to the exclusive agents.
Andreja Brkan 0405 796 882 leasing@59east.com.au www.59east.com.au
Robert Bitomsky 0418 788 018 (07) 3223 3500 rbitomsky@axiscap.com.au
18 59 East St
TYPICAL FLOOR PLAN
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Important Information & Disclaimer This information memorandum (“IM�) has been prepared by 59 East Pty Ltd and is prepared on the basis of information provided to 59 East Pty Ltd in connection with the relevant opportunity. Any statement or opinion made by 59 East Pty Ltd in connection with the offer contemplated in the IM is not based on any actual or implied knowledge or consideration of the investment objectives, financial situation, legal or taxation position or any other particular needs or requirements of the recipients of this IM. All parties must make their own independent assessment and investigation including without limitation, seeking professional advice and must determine its interest in proceeding upon the basis of such independent assessment, investigation and appraisal. Any statement or opinion of 59 East Pty Ltd whether express or implied is not, nor should be taken as a recommendation by 59 East Pty Ltd or any of its officers, agents or employees to participate in the offer and, to that extent, no reliance will be placed on
59 East Pty Ltd or its associates. 59 East Pty Ltd and its associates do not warrant (expressly or impliedly) that information contained in this IM is complete, true and correct and not misleading or not likely to be misleading or deceptive. 59 East Pty Ltd and its associates are not responsible and will not under any circumstances be liable (whether at law, in equity, under statute or otherwise) for any statement made or anything contained in or arising out of the information including, without limitation, any errors, misrepresentation or omissions. 59 East Pty Ltd disclaims all responsibility for any loss or damage caused by reliance by any person on this IM or any representation, warranty or statement made by or on behalf of 59 East Pty Ltd and its associates. This IM is confidential and is for the sole use of persons directly provided with it by 59 East Pty Ltd and is not to be reproduced, copied or sent to any other person without the prior written consent of 59 East Pty Ltd. The use by, or reliance upon this document by any other person is not authorised by 59 East Pty Ltd and without limitation to the above disclaimers, 59 East Pty Ltd is not liable for any loss arising from such unauthorised use or reliance.
20 59 East St
www.5 9 east.com .au