Sales Leasing Valuations Management - Journey Early Learning Indooroopilly QLD 402 Moggill Road - Domain

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Sales Leasing Valuations Management - Journey Early Learning Indooroopilly QLD 402 Moggill Road - Domain
Sales
                                       Leasing
                                       Valuations
                                       Management

Journey Early Learning
Indooroopilly QLD
402 Moggill Road
Information Memorandum

Auction 11am AEDT Wednesday 9 August
River Room, Crown Casino, Melbourne
Sales Leasing Valuations Management - Journey Early Learning Indooroopilly QLD 402 Moggill Road - Domain
Table of Contents

                                                                     Investment Features                            4

                                                                     Introduction                                   6

                                                                     Key Childcare Sector Attributes                8

                                                                     Property Details                              12

                                                                     Lease Details                                 13

                                                                     Tenant Profile                                14

                                                                     Location                                      16

                                                                     Location Maps                                 17

                                                                     Income Tax Saving Depreciation                18

                                                                     Sale Process                                  19

                                                                     Contact                                       19

                                                                     Property Management                           20

                                                                     Disclaimer                                    21

                                                                     Appendices
                                                                     Title
                                                                     Building Plan
                                                                     Lease Schedule

2   Information Memorandum - 402 Moggill Street, Indooroopilly QLD                                     Burgess Rawson   3
Sales Leasing Valuations Management - Journey Early Learning Indooroopilly QLD 402 Moggill Road - Domain
Investment Features
    •• Brand new 15 year lease to Journey Early Learning to
       2032
    •• Two further 5 year options to 2042
    •• Journey Early Learning: highly regarded and successful
       childcare provider with a further 10 centres across
       Victoria and Queensland
    •• Attractive 3% annual rent increases plus ‘ratchet’ provisions
       at market review, ensuring guaranteed rental growth
    •• Triple net lease terms with the tenant responsible for all
       outgoings including: capital/structural works and land tax
    •• Immaculate 340 sqm facility, with high-end conversion
       (completed in 2017) and licensed for 54 LDC places
    •• High-exposure 1,210 sqm main road site, with dual street
       frontage of over 58 metres
    •• Strategic position 450 metres from Westfield Indooroopilly
       and only 6km south-west from the Brisbane CBD
    Address
    402 Moggill Road, Indooroopilly QLD
    Zoning:
    The land is zoned ‘Residential A’ under the
    Brisbane City Planning Scheme
    Title Details
    Lot 9 on Registered Plan 890942

    Lease
    •• Term:		    Fifteen (15) years from 15/06/2017 to
       		14/06/2032
    •• Options:		Two (2) x five (5) years from 15/06/2032 to
                  14/06/2042
    •• Reviews		  Fixed 3% annually and to market at the
       		         commencement of lease year 11 and each
       		         further term (ratchet provision at market
       		review)
    •• Net Income $151,200 pa plus GST and outgoings

    Method of Sale
    For sale by Auction on Wednesday 9 August 2017 at 11am
    River Room, Crown Casino, Melbourne

    Adam Thomas
    0418 998 971
    athomas@burgessrawson.com.au
    Natalie Couper
    0413 856 983
    ncouper@burgessrawson.com.au
    David Ingram
    0403 464 621
    dingram@burgessrawson.com.au

4    Information Memorandum - 402 Moggill Street, Indooroopilly QLD    Burgess Rawson   5
Sales Leasing Valuations Management - Journey Early Learning Indooroopilly QLD 402 Moggill Road - Domain
Introduction
    Burgess Rawson is delighted to offer the freehold interest in the childcare
    investment located at 402 Moggill Road, Indooroopilly QLD.
    This property will be offered for sale by way of auction on Wednesday
    9 August, 11am AEST at the River Room, Crown Casino in Melbourne.
    Burgess Rawson
    Since being established in 1975, our Sales,           Burgess Rawson’s iconic Portfolio Auctions are
    Leasing, Property Management, Valuation and           held in Melbourne and Sydney bringing together
    Advisory services fulfill the complete and ongoing    a diverse range of national commercial and
    needs of our clients. Burgess Rawson has a            investment grade properties.
    network of offices throughout Australia and
                                                          Based on our knowledge and experience,
    extensive regional partnerships with local property
                                                          Burgess Rawson are confident in recommending
    specialists, giving unmatched depth and reach in
                                                          this property as an outstanding childcare
    all commercial property market sectors.
                                                          investment opportunity.

6   Information Memorandum - 402 Moggill Street, Indooroopilly QLD                                         Burgess Rawson   7
Sales Leasing Valuations Management - Journey Early Learning Indooroopilly QLD 402 Moggill Road - Domain
Key Childcare Sector Attributes
    According to the Department of Education and Training report for          According to IBIS World, a baby boom is coming – with the rate of
    the September 2015 quarter, the future looks bright for childcare         births expected to increase by 6.4% over the next few years as the
    investments with over 1.2 million children attending some form            workforce ages.
    of approved childcare service in Australia. This has been steadily
    growing and has increased by 5.7% on the previous year.                   The demand is being driven by a number            Under the proposed federal Budget the new
                                                                              of industry factors including:                    Child Care Subsidy will replace both existing
                                                                                                                                government subsidies where families earning
                                                                              •• The high cost of living driving parents
                                                                                                                                up to $65,000 will be able to receive up
                                                                                 back to work
                                                                                                                                to 85% off the cost of their childcare back
    Children using Long Day Care by State and Territory                       •• The desire of more women to maintain           in subsidies. This rate reduces with higher
    September Quarter, 2015                                                      careers than in the past                       incomes, with families earning over $170,000
                                                                              •• The government’s position that female          potentially receiving 50% back.
                                                                                 workforce participation is good for the
                                                                                                                                Nationally, total government recurrent and
                                                                                 economy.
                                                                                                                                capital expenditure on childcare services
                                                                              •• The Australian Government subsidises           was $8.6 billion in 2014-15 (an increase
                                           34.1%
                                                                                 the cost of child care for eligible families   of 9.6% from 2013-14). Over the last five
                                                                                 through the Child Care Benefit and the         years, the average annual growth rate of
                                                                                 Child Care Rebate to help parents with         real expenditure was 10.6% which may
                                                                                 the cost of approved child care.               push up demand for childcare even further.
       22.6%                                                                  During the September 2015 quarter, the total
                                                                                                                                Source: ABS and Department of Education and Training

                                                                              estimated expenditure on Child Care Benefit
                                                                              and Child Care Rebate was over $1.8 billion,
                                                                       2.2%   64% of which was paid in relation to families
                                                                       0.8%   using Long Day Care services.
                                                                      1.7%
                                                      8.2%

                                              6.2%
                    24.4%

    n NSW          n WA
    n VIC          n TAS
    n QLD          n NT
    n SA           n ACT

8    Information Memorandum - 402 Moggill Street, Indooroopilly QLD                                                                                                                    Burgess Rawson   9
Sales Leasing Valuations Management - Journey Early Learning Indooroopilly QLD 402 Moggill Road - Domain
The property enjoys a high-profile
                                                                      position metres from Westfield
                                                                      Indooroopilly and only 6km south-
                                                                      west from the Brisbane CBD.”
                                                                      Adam Thomas
                                                                      Senior Healthcare & Childcare Specialist

10   Information Memorandum - 402 Moggill Street, Indooroopilly QLD                                     Burgess Rawson 11
Sales Leasing Valuations Management - Journey Early Learning Indooroopilly QLD 402 Moggill Road - Domain
Property Details                                                                                  Lease Details
                                                                                                       Lessee            Journey Group Holdings Pty Ltd

     Address:                                                                                          Lease Term        Fifteen (15) years

     402 Moggill Road, Indooroopilly QLD                                                               Lease Commenced   15 July 2017
                                                                                                       Lease Expiry      14 July 2032
     Title Details:                                                                                    Options           Two (2) further terms of five (5) years to 14 July 2042
     Lot 9 on Registered Plan 890942                                                                   Outgoings         Triple net lease all outgoings including structural/capital
                                                                                                                         works and land tax paid by the tenant
     Site Area:
                                                                                                       Rent Reviews      Fixed 3% annual rent increases. Market reviews with
     1,210 sqm approx.                                                                                                   ‘ratchet’ provisions ensuring guaranteed rental growth at the
                                                                                                                         commencement of lease year 11 and at each further term
     Zoning:
                                                                                                       Security          Bank guarantee equivalent to six (6) months rent + GST
     The property is zoned ‘Residential A’
                                                                                                       Net Income        $151,200 pa plus GST and Outgoings
     under the Brisbane City Planning Scheme

     Location                                        Accommodation Includes:
     The subject property is prominently situated    •• Reception and office
     on the south-west corner of Moggill Road        •• Three (3) education rooms with direct
     and Rylatt Street, 450 metres to the west of       access to external play areas
     the Indooroopilly Shopping Centre and 700
                                                     •• Children’s bathrooms
     metres to the north of the junction with the
     Western Freeway.                                •• Full commercial kitchen with licensed
                                                        grease trap
     Indooroopilly is an establised and highly
                                                     •• Mezzanine staff and programming room
     sought-after area and adjoins the localities
     of Taringa, Toowong and Chapel Hill, and        •• Laundry and unisex toilet
     is located 6 kilometres south-west from the
     Brisbane CBD.
                                                     Building Construction
                                                     •• Floor Coverings: Polished timber
     Site Description
                                                        floorboards
     The land is a regular shaped corner allotment
     with a combined street frontage of over         •• External walls:	Painted weatherboard and
     58 metres.                                                          fibrous cement sheet
                                                     •• Internal lining:   Painted plasterboard
     Site Area                                       •• Lighting:          Combination of down and
     1,210 sqm                                                             flourescent tube lighting
                                                     •• Windows:           Powder coated aluminium
     Building Description
                                                     •• Doors:             Timber
     Comprises historic church and hall, and
     recently converted (2017) into a high-end       •• Ceilings:          Painted plasterboard
     54 LDC place childcare facility.                •• Roof:              Corrugated Zincalume

     Building Area
                                                     Landscaping
     340 sqm                                         Comprises high-end artificial turf, water
                                                     feature, sand pits, established trees and fixed
     External Play Areas                             natural play elements covered by shade sails.
     400 sqm

12   Information Memorandum - 402 Moggill Street, Indooroopilly QLD                                                                                                                      Burgess Rawson 13
Sales Leasing Valuations Management - Journey Early Learning Indooroopilly QLD 402 Moggill Road - Domain
Tenant Profile

     Journey Early Learning is a highly regarded early education provider founded by two highly
     experienced childcare experts – Anthony Smith and Ryan Meldrum. They currently have
     ten centres in operation in Melbourne and Brisbane with further centres in the development
     pipeline.

     Journey Early Learning are fully qualified in all aspects of children’s care, in line with the latest
     methodology and accreditation principles. Open 52 weeks of the year, the centre’s offer
     pre-kinder long-day care from 15 weeks to school age, offering a licensed and accredited
     Kindergarten programme, facilitated by a qualified early childhood teacher.

     Using the United Nations Rights of the Child and the Early Years Learning Framework to guide
     their approach and practice, Journey Early Learning ensure each child has opportunities to
     enhance their knowledge and interests ultimately allowing them to discover who they are and
     how they learn.

     Journey Early Learning currently have the following centres in operation:
     Alphington VIC
     Altona North VIC
     Berwick VIC
     Indooroopilly QLD
     Melbourne City VIC
     Morayfield QLD
     Newport VIC
     Richmond VIC
     Williamstown VIC
     Woori Yallock VIC

     For further information please visit: www.journeyearlylearning.com.au

14    Information Memorandum - 402 Moggill Street, Indooroopilly QLD                                         Burgess Rawson 15
Sales Leasing Valuations Management - Journey Early Learning Indooroopilly QLD 402 Moggill Road - Domain
Location                                                                                           Location

     Indooroopilly is a desirable inner suburb, approximately 6km                                       Major projects recently constructed or currently under construction
     south from the Brisbane CBD. Brisbane is Australia’s third larg-                                   within the Brisbane City include:
     est capital city and the economic engine for Queensland.
                                                                                                        Queen’s Wharf – Projected Investment $3 billion                   The 3.43 hectare site will be transformed into a riverside
     Indooroopilly is only 6 kilometres West of Bris-   Specifically, 402 Moggill Road, lies the        Queen’s Wharf Brisbane Integrated Resort Development              precinct with more than 2.7 hectares of public open
                                                                                                        will enhance connectivity between the Brisbane CBD and            space for markets and festivals; a 164 room, 5-star
     bane CBD and is a favoured destination for         following distance from key amenities and
                                                                                                        the river front, providing new and reinvigorated areas of         boutique hotel; a new convention and exhibition
     established professionals and young families.      infrastructure:
                                                                                                        public open space which support recreation opportunities          centre; refurbished existing buildings to accommodate
     Indooroopilly is part of one of Brisbane’s key                                                                                                                       restaurants and cafés; and a two-level basement car park
                                                                                                        as well as access and enjoyment of the Brisbane River.
     ‘in demand’ corridors.                             Indooroopilly Shopping Centre 300m                                                                                for around 360 vehicles.
                                                        Western Freeway 800m                            The redevelopment of this important part of the city will new
                                                                                                        mixed-use integrated resort development, accommodation            Construction is scheduled to be completed by mid-2018
     The suburb is well serviced by public transport    Indooroopilly Train Station 800m
                                                                                                        including six star hotels, retail, restaurant and entertainment
     including numerous bus routes and rail links.      Legacy Tunnell Entrance 2.5km                                                                                     Brisbane Quarter – Investment $800 million
                                                                                                        zones, tourism facilities and large open spaces.
     Moggill Road offers access to the CBD via a        University of QLD St Lucia Campus 4km                                                                             Brisbane’s first integrated, mixed use precinct, Brisbane
     link to Coronation Drive. The Western freeway      Southbank Precinct 7km                          The Queensland Government – in partnership with the
                                                                                                                                                                          Quarter encompasses a complete city block with
     also serves the suburb which allows access to      Brisbane CBD 6 km                               Destination Brisbane Consortium – will deliver economic
                                                                                                                                                                          Brisbane River views and will include Australia’s first
                                                                                                        growth for Queensland with the creation of more than
     Centenary Motorway heading West and South          Royal Brisbane Hospital 10km                                                                                      purpose-built W Hotel comprising, two levels of riverside
                                                                                                        2000 jobs during peak construction and 8000 jobs when
     and the Legacy Tunnel heading North.               Brisbane Airport Precinct 22km                                                                                    dinning and luxury retail shopping beneath a 40 storey
                                                                                                        the Integrated Resort Development is operational in
                                                                                                                                                                          state-of-the-art Prime Grade office tower, as well as an
                                                                                                        around 2022.
                                                                                                                                                                          82 storey luxury residential apartment building.

     Brisbane City Council                                                                              Northshore Hamilton – Investment $650 million
                                                                                                        Northshore Hamilton is the largest waterfront urban
                                                                                                                                                                          Construction commenced September 2016, with first
                                                                                                                                                                          tenants expected to occupy mid to late 2017.
                                                                                                        renewal project in Queensland and is destined to become a
                                                                                                        Brisbane ICON. Australian private property trust Wentworth        Brisbane Live – Investment $450 million
                                                                                                        Equities has been granted approval by Economic                    Brisbane Live is Australia’s response to New York’s
                                                                                                        Development Queensland (EDQ) to develop ICON                      Madison Square Garden in New York City, as a 17,000
                                                                                                                                                                          seat world class arena which will showcase international
                                                                                                        The 304 hectare precinct will transform from an industrial
                                                                                                                                                                          superstar concerts and performances as well as world
                                                                                                        area into a vibrant riverside precinct which stretches 2.5
                                                                                                                                                                          sporting events.
     Brisbane is the largest local government        Brisbane Long Term Infrastructure                  kilometres along the Brisbane river, over the next 20 years
     in Australia with 26 wards. The city is         Plan 2012- 2031                                                                                                      Brisbane Live’s masterplan, which belongs to AEG-
                                                                                                        The project features 567 residential apartments; an
                                                                                                                                                                          Ogden, (a subsidiary company of AEG and the world’s
     expected to grow by an additional 820,000       The Brisbane Long Term Infrastructure Plan         international-standard five-star 227-room hotel with
                                                                                                                                                                          largest entertainment venue operator), revealed that it will
     people over the next 20 years, bringing         identifies Brisbane’s long term infrastructure     premium conference, function and recreational facilities;
                                                                                                                                                                          feature a sliding front wall that opens to reveal live acts
     the total population to almost three million.   requirements for the next 20 years. The            high quality retail and restaurant precinct; childcare
                                                                                                                                                                          on stage, and the $450 million arena will also include a
     Of these, roughly 180,000 are expected          plan identifies infrastructure priorities in key   facilities, open-air public realm and community civic plaza.
                                                                                                                                                                          4000-capacity rock club and be surrounded by multiplex
     to settle within the Brisbane Local             areas such as transport, water, waste and                                                                            cinemas, restaurants and bars, along with a giant screen
                                                                                                        Brisbane Airport Redevelopment – Investment
     Government Area (LGA) to bring the total        economic districts. This is to ensure                                                                                and amphitheatre catering for around 15,000 people.
                                                                                                        3.8 billion
     population of the LGA to almost 1.3 million.    infrastructure provision supports Brisbane’s
                                                                                                        Brisbane Airport Corporation (BAC) is investing                   Brisbane Metro
                                                     economic, social and environmental goals.          $3.8 billion over a decade redeveloping and expanding
     With the broader metropolitan area having       Most demand for office space is expected                                                                             Whilst still in its early stages, the Brisbane Metro Subway
                                                                                                        Brisbane Airport (BNE), including Australia’s biggest
                                                                                                                                                                          system was a commitment by Brisbane City council to
     a population of over two million people and     to occur in the CBD, CBD-fringe and                aviation project, $1.35 billion New Parallel Runway with
                                                                                                                                                                          provide a reliable high-frequency transport system that will
     over one million jobs, the Brisbane             activity centres such as Bowen Hills and           the first aircraft due to land in 2020.
                                                                                                                                                                          reduce CBD bus congestion, cut travel times and allow for
     metropolitan area contributes roughly 46%       Mt Gravatt and in areas with good access           $1.6 billion has already been invested in major infrastructure,   the redirection of buses to improve services in the suburbs.
     of the Queensland economy and generates         to the airport.                                    whilst a $2.2 billion will be spent on airside, landside,
                                                                                                                                                                          Brisbane Metro would run on a dedicated route linking
     9% of national Gross Domestic Product.                                                             terminal and building projects over the next five years.
                                                                                                                                                                          Woolloongabba to Herston, utilising sections of the South
                                                     To ensure that the inner city provides
                                                                                                                                                                          East and Inner Northern Busways, which will remove
     Employment forecasts indicate that              efficient connectivity and the associated          Howard Smith Wharves – Investment $100 million
                                                                                                                                                                          up to 200 buses per hour in the morning peak from the
     metropolitan Brisbane will grow by 343,000      agglomeration benefits for its corporate           The development will connect the New Farm Riverwalk               Victoria Bridge.
     jobs by 2021 and a further 100,000 jobs         businesses, public transport networks              and the CBD, revitalise Petrie Bight and respect the
                                                                                                        heritage of the site, creating a world-class recreation,          When complete, the metro would be able to carry up
     by 2031, to reach total employment of           will be required across the inner city                                                                               to 30,000 passengers per hour and will run every two
                                                                                                        lifestyle, event and tourism destination providing access
     around 1.5 million by 2031. This growth         area which connect business precincts                                                                                minutes, providing seven kilometres of safe, reliable,
                                                                                                        to and from the river.
     will contribute to a projected doubling of      with each other effectively. Major new                                                                               smooth and quick travel from Herston to Woolloongabba.
     Brisbane’s economic value between 2011          infrastructure investments therefore will
     and 2031.                                       increase accessibility between the inner
                                                     city and greater Brisbane region, creating
                                                     new economic opportunities and linkages.

16   Information Memorandum - 402 Moggill Street, Indooroopilly QLD                                                                                                                                                                   Burgess Rawson 17
Sales Leasing Valuations Management - Journey Early Learning Indooroopilly QLD 402 Moggill Road - Domain
Income Tax Saving Depreciation
                                                                      Taxation specialist and quantity surveyors Napier & Blakeley have provided an indicative
                                                                      depreciation schedule, which tables a yearly summary of capital allowances/tax depreciation
                                                                      that may be claimed in order to reduce the amount of taxable income derived from the property.
                                                                      Details of this report will be made available to prospective purchasers upon request.

                                                                      Market Evidence
                                                                      Comparable sales of Eastern Seaboard metro childcare investments transacted by Burgess Rawson include:

                                                                      Sale Date         Address                                         Sale Price        Sale Yield
                                                                      Jun 2017          Kellyville Ridge, 66 Conrad Road NSW            $2,550,000            3.96%
                                                                      Jun 2017          Condell Park, 19 Fourth Avenue NSW              $2,230,000            4.22%
                                                                      Apr 2017          Springvale, 67 Balmoral Road, VIC               $3,620,000            4.22%
                                                                      Apr 2017          Kingsgrove, 4 Richland Street NSW               $2,500,000            4.72%
                                                                      Feb 2017          Pimpama, 51 Dixon Drive QLD                     $4,500,000            5.74%
                                                                      Nov 2016          Parkwood, 190 Napper Road QLD                   $3,200,000            5.86%
                                                                      Oct 2016          Banyo, 17 Approach Road QLD                     $2,340,000            5.14%
                                                                      Oct 2016          Engadine, 252 Woronora Road NSW                 $2,065,000            4.84%
                                                                      Sep 2016          Condell Park, 227 Edgar Street NSW              $2,330,000            4.51%
                                                                      May 2016          Everton Hills, 3 Camelia Avenue QLD             $3,500,000            5.46%
                                                                      Mar 2016          Auchenflower, 40-44 Munro Street NSW            $4,400,000            5.68%

18   Information Memorandum - 402 Moggill Street, Indooroopilly QLD                                                                                                            Burgess Rawson 19
Sale Process                                                                                                                                                                Property Management
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                                            Inspections can be arranged by prior appointment.                                                                                       values, as well as accessing the best taxation   To discuss your particular property
                                                                                                                                                                                    depreciation assessment to improve your          management’s needs, please contact
                                            Interstate Bidding                                                                                                                      after income tax bottom line. We aim to add      either your Burgess Rawson selling agent
                                            Interstate bidding is available strictly by prior arrangement                                                                           more to your overall capital value.              or Ingrid Filmer today.
                                            at one of Burgess Rawson’s interstate offices.
                                                                                                                                                                                 •• Not missing a beat - With our daily
                                                                                                                                                                                    contact in the market, we hear about new
                                            Terms of Sale
                                                                                                                                                                                    developments, tenants on the move etc.
                                            Deposit of 10% payable upon exchange and the balance
                                                                                                                                                                                    Whether this information helps protect your
                                            upon settlement. It is proposed the property will be offered as
                                                                                                                                                                                    investment or leads to further opportunities,
                                            a ‘going concern’ and if the purchaser meets the provisions of                                                                                                                           Ingrid Filmer
                                                                                                                                                                                    we have our ears to the ground.
                                            the GST legislation the sale will not incur GST.                                                                                                                                         Director Principal
                                                                                                                                                                                 •• Problem solvers Owning property has
                                                                                                                                                                                    never been more complicated, and highly          Property Management Department
                                                                                                                                                                                    regulated. We are fully conversant with the      0413 860 312
                                                                                                                                                                                    Retail Tenancies Act, Town Planning and          ifilmer@burgessrawson.com.au
                                                                                                                                                                                    Occupational Health and Safety Regulations.
                                                                                                                                                                                    We can anticipate and prevent problems.
                                            Burgess Rawson & Associates                                                            Burgess Rawson & Associates
                                            Level 7, 140 Bourke Street                                                             20, 307 Queen Street
                                            Melbourne                                                                              Brisbane

                                            Adam Thomas                                                                            David Ingram
                                            0418 998 971                                                                           0403 464 621
                                            athomas@burgessrawson.com.au                                                           dingram@burgessrawson.com.au

                                            Natalie Couper
                                            0413 856 983
                                            ncouper@burgessrawson.com.au

20   Information Memorandum - 402 Moggill Street, Indooroopilly QLD                                                                                                                                                                                                                    Burgess Rawson 21
Disclaimer
     The information contained in the report/information            The information contained in this document is provided
     memorandum has been prepared in good faith and due             as a guide and an aid to further investigation by potential
     care by the Vendor, Burgess Rawson. Any projections            purchasers. Prospective purchasers should seek legal,
     contained in the report therefore, represent best              financial and other appropriate expert advice in order
     estimates only and may be based on assumptions.                the verify the accuracy of the information presented
                                                                    in this document
     The information contained herein is supplied without
     any representation as to its truth or accuracy.                GST Disclaimer
     All interested parties should make their own
                                                                    Burgess Rawson advises that the financial information
     enquiries to satisfy themselves in all aspects and
                                                                    in this report relating to income, outgoings and the
     obtain their own independent advice in order to
                                                                    like is provided without reference to the possible impact
     verify any of the information. All stated dimensions
                                                                    of GST, if any. Purchasers should make their own
     and areas are approximate.
                                                                    assessment of the impact of GST on the investments
     The vendor does not represent or warrant the                   and the returns derived there from after obtaining
     accuracy of any information contained in this document.        expert professional advice.
     Subject to any statutory limitation on its ability to do so,
                                                                    Retail Leases Act 2003 – Tenant outgoings
     the vendor disclaims all liability under any cause of
     action, including negligence, for any loss arising from        Prospective buyers should note that the recovery of
     reliance on this document.                                     outgoings from a tenant is subject to the application
                                                                    of and proper compliance with the Retail Leases Act
     Specifically, we make the following disclosures:
                                                                    2003 (Vic). The Act applies to leases of retail premises
     •• All areas, measurements, boundaries, car space              in Victoria. If the Act applies, certain outgoings, such
        numbers, rents are approximate only and subject             as land tax and some maintenance costs, cannot be
        to final confirmation;                                      recovered from the tenant. If the Act applies, other
     •• The indicative depreciation schedule has been               outgoings, such as management fees, can only
        provided by Napier & Blakeley and is an estimate            be recovered from the tenant if the Act has been
        only and cannot be used for tax purposes.                   complied with.

22    Information Memorandum - 402 Moggill Street, Indooroopilly QLD
Title

Information Memorandum - 402 Moggill Street, Indooroopilly QLD
                                                                                                                                                              2                             3                                                             4                                                                                                                                                                                                                                                                   WALL TYPE SCHEDULE
                                                                                                                                                                                                       3                                                                                                                                                                                                                                                                                                 MARK                               DESCRIPTION
                                                                                                                                                                                                      A140
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        ST01    90mm TIMBER STUD WITH EXPRESSED JOINT FIBRE CEMENT SHEETING ON
                                                                                                                                                                         3100               90                             7460                                                                                                                                                                                                                                                                                 BATTENS EXTERNALLY AND PLASTERBOARD INTERNALLY.WALL INSULATION
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                TO COMPLY WITH NCC SECTION J.
                                                                                                                                                                                            90                                                                                                                                                                                                                                                                                                          ST02    90mm TIMBER STUD WITH PLASTERBOARD BOTH SIDES.
                                                                                                                                                                                             361 1310 90            2400             2698             600

                                                                                                                                                                         VOID                                                             VOID

                                                                                                                                                       1310
                                                                                                                                                                                                                                  BALUSTRADE

                                                                                                                                                                                                                    54350                         S

                                                                                                                                                                        OFFICE

                                                                                                                                                       3469
                                                                                                                                       A                                TIMBER                        TGSI
                                                                                                                                      A160
                                                                                                                                                                                             D20                                                   REF
                                                                                                                                                                      BALUSTRADE                                     BALUSTRADE

                                                                                                                                                                         VOID                                          VOID

                                                                                                                                                                                                                              E
                                                                                                                                                                                                                             A162

                                                                                                                                             PROPOSED MEZZANINE FLOOR PLAN
                                                                                                                                             1 : 100

                                                                                                                                               1              2                             3                                                             4                                               5                                       6                                                       7
                                                                                                                                                   1930 (COS)         3275 (COS)                                     7570 (COS)                                                  5010 (COS)                             4690 (COS)                                        8485 (COS)
                                                                                                                                                                                                                                                                                  30960 COS

                                                                                                                                                                                                                                    1895 (COS) 849                                            2101        90           2872          90 1680 90                               8245                       90
                                                                                                                                                                                                                                                  (COS)
                                                                                                                                                                                                                                                                                                                2046          90

                                                                                                                                                                                                                                                                                              C                         B
                                                                                                                                                                                                                                                                                            A161                       A160

                                                                                                                                                                                                                                                                                                                                                                               D33
                                                                                                                                                                                                                                                                                                                                                                                                                                                                90

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        A
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     Building Plan

                                                                                                                                                                                                                                                                                                                                                       RL 51150
                                                                                                                                                                                                                                                                                                                                                                                                                W14

                                                                                                                                                                                                                                                                                                                                              D02

                                                                                                                                                                                                                                                                                                                                            W09
                                                                                                                                                                                                                                                                                                                       ST01               W08                          PLAY AREA A                                       STORAGE
                                                                                                                                                                                                                                                                                                                                                                                                                         SHELVING (1300H)
                                                                                                                                                                                                                                                                                                                                                                       22 AT 4-5 YEARS
                                                                                                                                                                                                                                                                                                                                                                                                                                                                8944

                                                                                                                                                                                                                                                                                                                             D39                                                                                         2
                                                                                                                                                                                                                                                                                                               STORE                  MEET                             EXISTING TIMBER
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     9200 (COS)

                                                                                                                                                                                                                                                                                                                                                                                                                        A163
                                                                                                                                                                                                                              E                                                                                                                                             72.9 m²
                                                                                                                                                                                                                             A162
                                                                                                                                                                                                                                                                                                                                                                                                                                                   90 1743 90

                                                                                                                                                                                                                                                                                                                   S
                                                                                                                                                                                                                                                                                                                                            D45
                                                                                                                                                                                                                                                                                                              DW                                                             TV SHELVING
                                                                                                                                                                                                                                                                                                                                                                                                           D04

                                                                                                                                                                                                                                                                                                                    KITCHEN
                                                                                                                                                                                                                                                                                                        W02
                                                                                                                                                                                                                                                                                                                                                                                                                                                   3520

                                                                                                                                                                                                                                                                                                                   S                              D49
                                                                                                                                                                                                                                                                                                                                                                   ST02      W05                  D35
                                                                                                                                                                                                                                                                                                                                                                                                                                                                90

                                                                                                                                                                                                                                                                                                                       STV                                   D50                                                                                                                                        B
                                                                                                                                                                                                                                                                                                                                                                                                                                                   90

                                                                                                                                                                                                                                                                                                                                                                        B JWC JWC JWC JWC
                                                                                                                                                                                                                                                                                                                                                                                                          D05

                                                                                                                                                                                                                                                                                 8023
                                                                                                                                                                                                                                                                                                                                                                                                                                            8060

                                                                                                                                                                                                                                          4           2              D                                          RL 51150                                     PREP 02            AMENITIES 03                                        D
                                                                                                                                                                                                                                                                                                                                                                                                                                                                2100

                                                                                                                                                                                 90    90
                                                                                                                                                                      2000         1010                                                                                                                                                                S               NCH          JB JB JB JB
                                                                                                                                                                                                                                     A140         A141           A161                                            FOYER                                                                                                              A161
                                                                                                                                                                                                                                                                                                                                                                                                                                                                       20335 (COS)

                                                                                                                                                                                                                                                                                                  D01
                                                                                                                                                                                                                                                                                                                                                                                                                                                                90

                                                                                                                                                                                                                                                                                                                                                                       W17                 W06
                                                                                                                                                                                                                                                                                                                                                             D52                     D36
                                                                                                                                                                                                                                                                                                                                                                                                                                                   4140

                                                                                                                                                                                                                                     LANDING
                                                                                                                                                                                                                                                                                                                                                      D47
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           6130 (COS)

                                                                                                                                                                                                                                                                                                                                                                       PLAY AREA B
                                                                                                                                                                                                                                                                     GATE 1000
                                                                                                                                                                                                                                                                                                                                                                                                                                                                3976

                                                                                                                                                                                                                                          D34
                                                                                                                                                                                                                                                                                                                                                                                                          D06

                                                                                                                                                                                                                                                                                               W03                                                                      20 AT 2-3 YEARS                               STORAGE
                                                                                                                                                                                                                                                                                                                                                                                                                                                   90

                                                                                                                                                                                                                                                                                                                                                                        EXISTING TIMBER                               SHELVING (1300H)
                                                                                                                                                                                                                                                                                                        D21                                           1000
                                                                                                                                                                                                                                                                                 STEP RAMP                             D26                                                   65.7 m²    ST02
                                                                                                                                                                                                                                                                                                                                    PWD
                                                                                                                                                                                                                                                                                                                                                                                                                                            1783
                                                                                                                                                                                                                                                                                                                                                                                                                                                   1970

                                                                                                           1530 (COS)

                                                                                                                                                                                                                                                                                          .
                                                                                                                                                                                                                                                                                                                                                                                                                                                                90

                                                                                                           90
                                                                                                                                                                                    STORE

                                                                                                                                                                                                                                                                                        D22                                                                                                                                                                                                             C
                                                                                                                                                                                                                                                                                                                                                                                           3600
                                                                                                                                                                                                                                                                                                                                                                                                                                                   90

                                                                                                                                                                                                                                                                     BTH                SHR
                                                                                                                                                                                                                                                                                                                JWC JWC                2081
                                                                                                                                                                                                                                                                                 JB
                                                                                                                                                                                                                                                                                                                                                                                                           D07

                                                                                                                                                                      SLEEP                                                                                                                                      AMENITIES 02
                                                                                                                                 A                                                                                                                                                                              JB                                                                                                              A
                                                                                                                                                                                                                                                      W01

                                                                                                                                                                                    D25
                                                                                                                                                                                                                                                               NCH

                                                                                                                                                                      20.4 m²
                                                                                                                                                                                                                                                                                                                                                                                                                                                   2110

                                                                                                                                                                                                                                                                                 JB
                                                                                                                                                                                                                                                                                                                                                                                                                                            3139

                                                                                                                                                                                                                                                                                            TUB
                                                                                                                                                                                                                                                                                                                                                    312

                                                                                                                               A160                                                                                                                                                                                                                                                                                            A160
                                                                                                                                                                                                                                                                                                                                                                                                                                                                4117

                                                                                                                                                                                                                                                                                                                                                                       STORAGE
                                                                                                                 3110 (COS)

                                                                                                                                                                                                                                                                                                                                      B
                                                                                              6570 (COS)

                                                                                                                                                                                                                                                                     S                                          JB                          NCH
                                                                                                                                                                                                                                                                                                                                                                       SHELVING (1300H)
                                                                                                                                                                                                                                                                                                                              588

                                                                                                                                                                                                                    PLAY AREA C                                                             LDRY
                                                                                                                                                                                                                                                                                              CSK
                                                                                                                                                                                                                                                                                                                                                                                                                                                   90

                                                                                                                                                                                                                                                                                        W

                                                                                                                                                                                                                                                                                                                                      W16
                                                                                                                     90

                                                                                                                                                                                                                                                                             JWC                                     D42
                                                                                                                                                                  S                                                 12 AT 0-2 YEARS                                                                                                           D48
                                                                                                                                                                                                                                                                                                                                                                                                            W12

                                                                                                                                                                        PREP 01                                          40.0 m²                      D23                                     D09 W04
                                                                                                                                                                                                                                                                          JWC
                                                                                                                                                                                                                                                                                                                                                                                                                                                                90

                                                                                                                                                                             B     REF                                                        RL 51350
                                                                                                                                                                                                786

                                                                                                                                                                                                                                                                         D32
                                                                                                            1600 (COS)
                                                                                                           112

                                                                                                                                                                                                                                    D10
                                                                                                                                                                                                                                                                                              C                         B
                                                                                                                                                                                                                                                                                            A161                       A160
                                                                                                                                                                         3100                                                 E
                                                                                                                                                                                                                             A162
                                                                                                                                                                          3514                               3622                     3514

                                                                                                                                                                                            90               3911                     3558                90                 3177        90 1595 220                          4611
                                                                                                                                                    1840 (COS)                                                                                                                                                                                                                                          490 (COS)
                                                                                                                                                   90        90          3110               90                             7470                           90 2425 (COS) 90 2575 (COS)                                    4600 (COS)               90                      8245 (COS)                      90

                                                                                                                                             PROPOSED GROUND FLOOR PLAN
                                                                                                                                             1 : 100

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        0    10mm               50                   100
                                                                 Original sheet size A1 (841x594)              Plot date: 30/05/2017 11:14:28 AM      G:\Projects - Current\Q-B4340 - Smithfield Properties CCC\Q-B4340.00 - Moggill Rd Child Care Centre\Deliver Arch\Q-B4340.00_402 Moggill Road.2612 (REVISED).rvt
Burgess Rawson
Lease Schedule                                               Lease Schedule

Information Memorandum - 402 Moggill Street, Indooroopilly QLD                    Burgess Rawson
Lease Schedule

Information Memorandum - 402 Moggill Street, Indooroopilly QLD
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