Information Memorandum FOR LEASE - YouVu

Information Memorandum
FOR LEASE
62 Stradbroke Street, Heathwood, QLD, 4110
Knight Frank
Jones Lang LaSalle
Peter Turnbull
Aaron Bates
P: 07 3246 8810 P: 07 3231 1383
M: 0417 603 195 M: 0410 650 663
E: peter.turnbull@au.knightfrank.com E: aaron.bates@ap.jll.com
Tim Armstrong
Gary Hyland
P: 07 3246 8890 P: 07 3231 1380
M: 0413 224 691 M: 0413 288 933
E: tim.armstrong@au.knightfrank.com E: gary.hyland@ap.jll.com

TABLE OF CONTENTS
1.0
2.0
3.0
4.0
5.0
6.0
7.0
INTRODUCTION
EXECUTIVE SUMMARY
SITE DESCRIPTION
BUILDING DESCRIPTION
LOCATION
LEASE DETAILS
CONCLUSION
3
4
5
6
8
9
10
ANNEXURES
ANNEXURE 1 - PROPERTY PHOTOS
ANNEXURE 2 - TITLE SEARCH
ANNEXURE 3 - REGISTERED PLAN
ANNEXURE 4 - SURVEY PLAN
ANNEXURE 5 - OUTGOINGS
ANNEXURE 6 - DISCLAIMER
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1.0 Introduction
Jones Lang LaSalle and Knight Frank on behalf of the vendor are pleased to offer 62 Stradbroke Street, Heathwood to
the market for lease.
62 Stradbroke Street, Heathwood is undoubtedly Brisbane’s finest warehouse and distribution facility currently
available in the market.
The property’s features include:
• Two large high bay warehouses
• Large central awning
• Loading docks
• Two street access
• Direct motorway access
• Located within South East Queensland’s major logistics hub
• ESFR sprinkler system
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2.0 Executive Summary
Property Address
Land Area:
62 Stradbroke Street, Heathwood
4.2 hectares
Building areas:
Office / Warehouse:
Awnings:
Total:
24,751m²
4,088m²
28,879m²
Description:
Asking Rental:
Modern warehousing and distribution facility ideally located along the
Logan Motorway, at the geographic centre of South East Queensland
$2,727,010 net + GST
$110/m² net over building area
For further information or to arrange an inspection, please contact the below exclusive marketing agents.
Knight Frank
Jones Lang LaSalle
Peter Turnbull
Aaron Bates
P: 07 3246 8810 P: 07 3231 1383
M: 0417 603 195 M: 0410 650 663
E: peter.turnbull@au.knightfrank.com E: aaron.bates@ap.jll.com
Tim Armstrong
Gary Hyland
P: 07 3246 8890 P: 07 3231 1380
M: 0413 224 691 M: 0413 288 933
E: tim.armstrong @au.knightfrank.com E: gary.hyland@ap.jll.com
4

3.0 Site Details
RP Description:
Lot 7 on SP113378
Parish of Woogaroo County of Stanley
Title Reference: 50263305
Authority:
Brisbane City Council
Land Area:
4.2 hectares
Zoning:
General Industry
U.C.V: $6,100,000 (as at 30/06/08)
Encumbrances:
Easement No: 703287455
Description:
The site is located on the corner of Stradbroke Street and Noosa Street within the Brisbane
South Industrial Park. The site is regular in shape. The corner location provides two street
access, one from Noosa Street and a separate truck and car access off Stradbroke Street.
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4.0 Building Description
The property is improved with two large office warehouse buildings joined by a central awning. The building areas are
as follows:
Warehouse A & B
Office & Amenities: 254m²
Warehouse:
10,089m²
Awnings: 224m²
Total:
10,567m²
Warehouse C
Office & Amenities: 735m²
Warehouse:
13,713m²
Awnings: 341m²
Total:
14,789m²
Central Awning
3,523m²
Whole Building
Office & Amenities: 989m²
Warehouse:
23,802m²
Awnings:
4,088m²
Total:
28,879m²
Office
The main office area is located over two levels fronting Stradbroke Street. The use of external glazing gives the office
area a corporate presentation.
The current office layout provides an entry and exit lobby on the ground floor. The first floor consists of a mix of open
plan work stations, partitioned offices and boardroom. The office is fully air-conditioned and is serviced with male
and female amenities. Undercover car parking is provided under the main office building. Within each warehouse
there are smaller office and amenities blocks. Each of these are air-conditioned and well appointed.
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Warehouse
Both warehouses are of dado construction with concrete panel to 2.4 metres and colorbond cladding above.
Both buildings offer a minimal internal clearance of 8 metres to the under side of the beam and have been fully
insulated.
Access to the warehouse areas is via a combination of container height roller shutters and loading docks.
Warehouse A & B has 4 container height roller doors accessed via the central breezeway and 5 docks with levellers
located on the Stradbroke Street frontage.
Warehouse C has 4 container height roller doors accessed via the central awning and 8 docks with levellers located
on the north east corner of the building. The large central awning provides access to both warehouses and can
accommodate multiple B-Doubles which is ideal for all weather loading.
Both warehouses and the central awning have been fitted with an ESFR sprinkler system.
The corner location provides two street access enabling free flowing truck movements. The site is also monitored with
security cameras and is secured via a guard house on Noosa Street and boom gates on Stradbroke Street.
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5.0 Location
Location
62 Stradbroke Street is located within the established Brisbane South Industrial Park at Heathwood. The estate is
approximately 20 radial kilometres south of the Brisbane CBD and is located along the Logan Motorway Corridor.
Located at the geographic centre of South East Queensland, the Logan Motorway Corridor has seen itself become
the logistics hub of Queensland. This is evidenced by the commitment by Coles to locate their dry goods (58,000m²)
and cold storage (42,000m²) distribution facilities along this corridor. Woolworth’s has also relocated their
74,000m² distribution facility to the area.
Brisbane South Industrial Park was the first estate developed along the Logan Motorway Corridor and has direct
access to the Motorway in both directions. Other companies located within the estate include:
• Coles
• Visy
• Australia Post
• Fosters
• B & R Enclosures
• Yokohama
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6.0 Lease Details
The property is being offered for lease under the following terms and conditions:
Area:
Whole of site
Building Areas
Office:
989m² (approx.)
Warehouse:
23,802m² (approx.)
Awnings:
4,088m² (approx.)
Total:
28,879m² (approx.)
Commencement Rental:
$2,727,010 per annum
Term:
10 years
Reviews:
Annual CPI + 1%. Market review at option (if applicable) with ratchet clause.
Outgoings: 100% payable by Lessee including Land Tax (Refer Annexure 5)
Security:
Bank guarantee equivalent to 12 months net rent plus GST and outgoings.
Availability: Commencement possible in first quarter of 2010
*The owner may also consider dividing the property subject to terms and conditions
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7.0 Conclusion
62 Stradbroke Street represents an outstanding opportunity for a tenant to secure a first class facility in a first class
location.
The “as new” facility offers incoming tenants the ability to secure blue-chip warehousing at a rental rate significantly
lower than new building levels. This is a truly unique opportunity.
For further information or to arrange an inspection, please contact the below exclusive marketing agents.
Peter Turnbull
Aaron Bates
P: 07 3246 8810 P: 07 3231 1383
M: 0417 603 195 M: 0410 650 663
E: peter.turnbull@au.knightfrank.com E: aaron.bates@ap.jll.com
Tim Armstrong
Gary Hyland
P: 07 3246 8890 P: 07 3231 1380
M: 0413 224 691 M: 0413 288 933
E: tim.armstrongl@au.knightfrank.com E: gary.hyland@ap.jll.com
10

Annexure 1 – Property Photos
11

Annexure 2 – Title Search
12

Annexure 3 – Registered Plan
13

Annexure 4 – Survey Plan
15

Annexure 5 – Outgoings Schedule
Outgoings Schedule for 62 Stradbroke Street, Heathwood
Statutory Charges
Water & Sewerage $14,440.00
Land Tax $82,800.00
Council Rates $65,319.45
Total Statutory Charges $162,559.45
Operating Expenses
Air-conditioning/ventilation $12,000.00
Insurance $18,301.83
Fire Maintenance $32,000.00
Pest Control $5,000.00
Repairs & Maintenance $35,000.00
Admin/Management fee $43,453.67
Miscellaneous $5,000.00
Total Operating Charges $150,755.50
Total Outgoings $313,314.95
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Annexure 6 – Disclaimer
This document has been prepared by Jones Lang LaSalle and Knight Frank solely for the purposes of providing
information to potential investors, purchasers or lessees to assist them in deciding if they are sufficiently interested
in the relevant property to proceed with further investigation. It is provided on a confidential basis and is not to be
resupplied to any other person or reproduced in whole or in part without the prior written consent of Jones Lang
LaSalle and Knight Frank.
The information contained in this document is intended as a guide only, does not constitute advice and does not
constitute all or part of any offer or contract for sale.
Figures and calculations contained in this document are based on figures provided to Jones Lang LaSalle and Knight
Frank by outside sources and have not been independently verified by Jones Lang LaSalle and Knight Frank. Any
projections or analysis represent best estimates only and may be based on assumptions, which, while reasonable,
may not be correct. Except where otherwise provided, all references to rent, income or price are GST exclusive.
The information contained in this document has been prepared in good faith with due care by Jones Lang LaSalle and
Knight Frank. Users should not rely on this information as a statement or representation of fact and must make their
own enquiries to verify and satisfy themselves of all aspects of such information (including without limitation, any
dimensions, areas and permits) by such independent investigation as the users or their advisors see fit.
No representations or warranties are made (express or implied) as to the accuracy, currency, completeness,
suitability or otherwise of such information. Jones Lang LaSalle and Knight Frank and their officers, employees,
subcontractors, advisors, consultants and agents shall not be liable (to the extent permitted by law) to any person for
any loss, liability, damage or expense (“liability”) arising directly or indirectly from or connected in any way with any
use of or reliance on such information in this document. If any liability is established, notwithstanding this exclusion,
it shall not exceed $1,000.
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