INFORMATION MEMORANDUM North Lakes Specialist Medical Centre Corner Memorial Drive and North Lakes Drive, North Lakes Qld 4509 Prepared by: Robert Rey and Natasha Grima Ray White Commercial Brisbane Northside
TABLE OF CONTENTS Introduction 3 The Opportunity 3 Executive Summary 4 Method of Sale 5 Sale Details 5 Lease Details 5 Property Overview 6 Property Specifications 6 Property Description 6 Plans 7 Improvements 13 Tenancy base building works 13 Car Parking 13 Estimated Outgoings 13 Land Particulars 14 Road Systems, Access and Exposure 14 Services and Amenities 14 Location Particulars 15 Suburb Profile 15 North Lakes Growth Story 15 North Lakes Future 15 Location Map 16 Disclaimer 17 Annexure A 19 Annexure B 24 p2
INTRODUCTION This Information Memorandum has been prepared in relation to the North lakes Specialist Medical centre, located on the Corner of Memorial Drive and North Lakes Drive, North Lakes Qld 4509 The Opportunity Secure your opportunity, soon to be completed Moreton Bay Region's latest Private Specialist Medical centre situated at the entry to one of South East Queensland's fastest growing master planned communities. This 5 storey state of the art specialist medical centre is positioned off Anzac Avenue at the entry to North Lakes adjacent to the Westfield Shopping Centre. Strata titled private medical specialist suites of this nature and quality are rarely offered to the market, with smaller suites from 69m² up to larger tenancies of over 600m² available for lease or purchase. North Lakes Specialist Medical Centre will consist of specialised fields within the medical profession. Current specialist s that have committed are Specialised Radiology, Urology, Allied medical, Dental, GP Clinic. Other specialist such as plastic surgeons, Preventative Cardiology, metabolic disease and other health preservation specialised fields will be strongly sort after. The Centre Features: Main Street access over 2 levels via North Lakes & Memorial Drive Modern architecturally designed building Proposed Private Hospital and aged care facilities 213 car parks over 3 levels Basement car parking for 96 spaces Full lift access to foyers and lobbies on all levels Cafe & Coffee shop incorporated in centre Provisions for Pharmacy outlet + GP clinic This Information Memorandum must be read in full and is provided to interested parties subject to the conditions set out in the disclaimer & sources of information. *approximately
EXECUTIVE SUMMARY Address Corner of Memorial Drive and North Lakes Drive, North Lakes Qld 4509 Property Description Medical Centre Total Lettable Area Land Area Tenancies: 5,293m² 5,185m² Level 1: T1.1-611m² T1.2-263m² T1.3-253m² Level 2: T2.1-640m² T2.2-197m² T2.3-51m² T2.4-188m² T2.4.2-116m² T2.4.3-65m² T2.5 (Pharmacy)-183m² Level 3: T3.01-T3.10 Range from 65m²-130m² Level 4: T4.01-T4.10 Range from 65m²-103m²
METHOD OF SALE Sale Details All offers to purchase can be secured by signing an offer to purchase document along with a $5,000 holding deposit which will be held in trust and form part of the full deposit. Pre-title contracts will then be drawn and executed by all parties. Lease Details All offers to lease can be secured by signing an offer to lease document along with a $5,000 holding deposit which will be held in trust and form part of the full deposit. Pre-title leasing contracts will then be drawn and executed by all parties. *Please find letters of intent to Lease and Purchase attached at the back of this document. The Vendors have appointed the following marketing agents for the lease of The Property: Robert Rey Ray White Commercial Brisbane Northside M: 0418 774 343 W: (07) 3482 0103 E: robert.rey@raywhite.com.au Natasha Grima Ray White Commercial Brisbane Northside M: 0427 099 900 W: (07) 3482 0108 E: natasha.grima@raywhite.com.au *approximately Prospective purchasers conduct due diligence investigations of the property strictly at their own expense and risk, and the vendor will have no liability in relation to such expenses. Consent by the vendor to the conduct by any potential purchaser of due diligence activities or investigation will not in any circumstance be construed as a representation that the vendor will be exercising, or refraining from exercising its rights to deal with the property, or any representation that the vendor intends to contract with that potential buyer, or at all.
PROPERTY OVERVIEW Property Specifications Address Corner of Memorial Drive and North Lakes Drive, North Lakes Qld 4509 Real Property Details Portion of Lot 36 and Lot 37 on SP 174514 Zoning Local Authority Parish County Medical / Office Moreton Bay Regional Council Redcliffe Stanley Property Description The long awaited new North Lakes Specialist Medical Centre is now under construction and is set to open its doors in July 2016. Fit out commences in May 2016. The proposed new Centre will comprise specialist and ancillary medical services, particularly those which were largely provided in metropolitan Brisbane up until now. It will also focus on Preventive Cardiology and Metabolic Disease which is both innovative and timely. In so doing, there will be a greater appeal to the broader community, emphasising health preservation and disease prevention. It is envisaged that this facility will help to bridge the geographic gap of private health services between Brisbane and Nambour. The Centre is ideally located, close to the Bruce Highway and opposite Westfield Shopping Centre, servicing outer north Brisbane and the growth corridor of the Moreton Bay region, including Redcliffe, Caboolture and Bribie Island. Ease of access and complimentary parking are also attractive features. Adjacent to future hospital and aged care areas is further added benefit.
PROPERTY OVERVIEW
PROPERTY OVERVIEW Plans Level 1 T1.1-611m² Southern X-Ray T1.2-263m² Available T1.3-253m² Available
PROPERTY OVERVIEW Plans Level 2 T2.1-640m² Oncology T2.2-197m² Available T2.3-51m² Pathology T2.4(a) -188m² Physio Therapy & Podiatry T2.4(b) -116m² Dentist T2.4(c)-65m² T2.5-183m² Pharmacy Cafe-98m²
PROPERTY OVERVIEW Plans Level 3 T3.01-103m² T3.02-101m² T3.03-101m² T3.04-98m² T3.05-67m² T3.06-73m² T3.07-73m² T3.08-74m² T3.09-92m² T3.10-94m² Paediatric Dental *A number of tenancies currently under negotiation
PROPERTY OVERVIEW Plans Level 4 T4.01-103m² T4.02-101m² T4.03-101m² T4.04-98m² T4.05-67m² T4.06-73m² T4.07-73m² T4.08-74m² T4.09-92m² T4.10-94m² *A number of tenancies currently under negotiation Level 5 T5.01-103m² T5.02-101m² T5.03-101m² T5.04-98m² T5.05-67m² T5.06-73m² T5.07-73m² T5.08-74m² T5.09-92m² T5.10-94m²
PROPERTY OVERVIEW Plans Basement 113 Car Parks 10 Store Room
IMPROVEMENTS Tenancy base building works Ceiling: Grid ceiling with acoustic ceiling tiles and T bar lighting Air Conditioning: Provision of air conditioning to open plan layout taking into consideration a lay out plan provided by the Lessee or Purchaser Hydraulic Services: Hydraulic services are available throughout the centre. The Lessee needs to mark required services on the tenancy plan as a guide the developers will provide the following for 100m² - one floor drainage point & one sleeve if required for future services Electrical & Lighting: 3 Phase, T bar lighting and emergency and exit lighting to suit provided layout Fibre Optic: Access provisions available with the service connection at the lessees or Purchaser responsibility Car Parking Exclusive use parking 2 allocated parking bays marked for exclusive use for every 100m² and 2 unmarked parking bays for every 100m². These will be located in closest proximity to the premises entrance or shop front. Ample under cover parking 213 car parks in complex Estimated Outgoings The estimated outgoings including admin of centre, council rates, air conditioning maintenance, body corporate, insurance, cleaning of common areas, electricity to common area, security and general maintenance costs, and are charged at approximately $75 per square metre per annum. Note: The above figures are estimated values of outgoings per annum.
LAND PARTICULARS Road System, Access and Exposure The Property is adjacent to Westfield North Lakes and the Bruce Highway. Services and Amenities Bruce Highway/Anzac Avenue 500m* Brisbane CBD Brisbane Airport 30km* 22km* *Approximately
LOCATION PARTICULARS Suburb Profile North Lakes is one of Australia s leading Master Planned Communities being developed by renowned ASX listed developer, Stockland. North Lakes incorporates a vibrant mix of residential, commercial, retail, health, education and community facilities. North lakes is located 25* kilometres north of the Brisbane CBD, 25* minutes from the Brisbane Airport and 45* minutes from the Sunshine Coast. North Lakes Growth Story With an established population of 17,000 residents and growing, North Lakes is designed to ultimately accommodate 25,000 residents and create over 13,000 jobs. North Lakes is situated in the Moreton Bay Regional Council Local Government Area, which has enjoyed the second strongest population growth of all LGA s within South East Queensland (SEQ), increasing by over 11,100 people and demanding over 2,750 additional dwellings per annum (2011). North Lakes exhibits relatively high average household income levels at $92,000 per annum gross, around 75% higher than the broader Sunshine Coast. In 2011, businesses operational within North Lakes had access to around $12.7 billion of retail expenditure, which is forecasted to increase to $16.4 billion by 2020. Analysing direct and indirect expenditure impacts upon complete operation phase (in 2013) North Lakes is forecasted to contribute $923 million Gross Regional Product (GRP), representing 7% of the GRP result across the entire Sunshine Coast region in 2011. Anchored by the Westfield North Lakes Regional Shopping Centre (including over 200 specialty stores) and established health, office and service industry precincts, North Lakes continues to grow rapidly. The estimated short term capital investments of approved development projects alone is estimated at $400 million, which in turn will generate proximately 2,040 construction jobs and a further 2,405 full time positions. North Lakes Future A development pipeline across the North lakes Community is estimated to generate $1.3 billion of direct expenditure that will benefit both local and state economies. There is major Government investment in local infrastructure, with Moreton bay Rail Link ($1.15 billion) and the Boundary road Interchange Upgrade ($15 million) facilitating greater accessibility for North Lakes residents and visiting shoppers. 2014 was a watershed year for North lakes, with the opening of the first Costco in Queensland directly adjacent to one of Australia s largest Bunning s Warehouse Stores in addition in 2015 the commencement of construction on the approved IKEA store begun. The collection of these retailers coupled with the aforementioned $1.3 billion of direct expenditure, positions North Lakes as a Major Retail Hub in South East Queensland.
LOCATION PARTICULARS Location Map *Location is indicative only
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ANNEXURE A LETTER OF INTENT TO LEASE PREMISES in the NORTH LAKES SPECIALIST MEDICAL CENTRE We refer to our recent discussions regarding this property for lease and herewith our preliminary details and an Offer to Lease: Lessor: Lessee: North Lakes Specialist Medical Centre Pty Ltd ACN 604 704 547 2/25 Discovery Drive PO Box 1390 North Lakes, 4509 E mail: keymax.jankraaij@gmail.com Mobile: 0458284647. Trading Name: Lessor s Solicitor: Lessee s Solicitor: Law Elements Pty Ltd Attention: Mr Craig Roelofsz Level 5, Unit 1, 131 Wickham Terrace, Spring Hill, Brisbane, Qld 4000 Tel 07 3832 0074 Email: craig@lawelements.com.au Premises / Location Floor Area: Use of Premises: Lease Term: Tenancy T at cnr Memorial & North Lakes Drive, North Lakes, Qld, also known as Lot 2 on SP 271927 Square meter (approximate as per attached Architects plan and method of measuring) Years p19
Lease Option: year options Access Date: Fit Out Period: At the date of signing this agreement this proposed access date is the 1 st May 2016. Will commence from the access date up to and including the Lease Commencement date. Lease Commencement date: 1 June 2016 Annual Rental: $500.00 /sq.m which equals $ per annum + GST + outgoings Rental Review: Further Term Reviews: thereafter Outgoings: Guarantee: Deposit: Lessee s Maintenance: The rent will be reviewed upon each anniversary of the commencement date to CPI or 4%, whichever is the greater. Market review at the commencement of each further term and revised in accordance with reviews as per the first term. Payable by the Lessee (capped at max of $75.00m 2 + GST in year one) Bank Guarantee to be provided before the Access date equivalent to three (3) months gross rental being an amount of $ for the entire term of the lease and renewed for all extension periods. A cheque made payable to Lessor s Solicitors trust account for an amount equating to one (1) month s rent plus GST which equals $, payable within 7 days of acceptance of this Offer by the Lessor. This amount will be held until the Lease commence to secure the Lessee s obligations under the agreement to lease and the balance will be credited towards the base rent and outgoings on commencement of the lease. This amount is fully refundable in the case of the Special Conditions not being met, or the agreement being cancelled by mutual agreement. The Lessee is fully responsible for the repair and maintenance of the Premises and all of the Landlord s plant, equipment, chattels, fixtures and fittings located in the Premises or servicing the Premises. This does not include structural maintenance which is the responsibility of the Lessor. The Lessee is responsible for the regular cleaning and maintenance of the airconditioning filters installed in the tenancy, at the Lessee s expense. p20
Lessee Works: Lessor s Works: See Fit out Guide attached but for ease of reference the main items are that the Lessee is responsible for at its expense: 1. Internal Fit Out 2. Obtain all permits, approvals and consents directly related to the Lessee s Fit out and business. 3. Floor coverings See Fit out Guide attached but for ease of reference the main items that the Lessor shall provide at its expense on or before the commencement date of this lease: 1. An airconditioned building, 2. Walls painted with undercoat 3. Suspended grid ceiling and lighting 4. Electrical distribution board with sufficient power for an office use. 5. Telephone and data sleeves from main boards into tenancy (no cables) 6. Strata Titling of the building Goods & Services Tax: For the purpose of this clause GST means any tax in the nature of a tax on goods and services or a value-added or broad-based consumption tax, which may operate at the Commencement Date or at any time during the term of further terms. If GST is levied or becomes payable upon:- any monies payable by the Lessor or the Lessee under this lease, or any goods, services or other things supplied by the Lessor to the Lessee under this Lease then the Lessee must pay to the Lessor on demand the GST so levied. Signage: Insurance: The Lessee is permitted to affix signage within (and or on) the approved light box allocated to the tenancy at its expense in a tradesman like manner and on the external pylon signs for the complex. This printed material will be installed at the tenants cost in accordance with local authorities regulations and written permission from the Lessor. The Lessee will be responsible for the following insurances: 1. Public Liability for $20 million and the Lessors interest will be noted on the policy. 2. Property Insurance for all own contents & equipment in the premises. 3. Workers compensation. 4. Plate glass & any other insurance required by law. p21
The Lessee shall provide the Lessor with a copy of the certificate of currency by the Lease Commencement date of the lease. Legal Fees: Sale of the Premises: Car Parking: Documentation: Lessor & Lessee each to pay their own legal expenses. The Lessee will be required to pay for the Lease preparation fee, which will not exceed $1500.00 and for the Lease Registration fees if required by the any of the parties. Where the lease is not registered, and the Lessor sells or otherwise disposes of its interest in the premises to any person other than the Lessee during the term, the Lessor will obtain form any purchaser or transferee a covenant in favour of the Lessee that: They will recognize and be bound by all covenants contained in the lease; and If such purchaser or transferee further sells or disposes of its interest in the premises to any other person during the term, then the purchaser or transferee will obtain form such subsequent purchaser or transferee favour of the Lessee in similar terms to those contained above. 2 designated parking bays (marked for exclusive use by the Lessee) for every 100sq. m. leased and 2 unmarked parking bays for every 100sq.m leased. These will be located in closest proximity to the tenancy s entrance or shop front. The allocation and marking of parking bays will be done in consultation with the Lessee but the final allocation will be done by the Lessor. The lease documentation will be on terms agreed between the parties. The Lessee will execute and return the Lease and any other documentation required by the Lessor s solicitor promptly after receipt of documentation. The offer acknowledges that no promises, representation, warranty or undertaking has been made in relation to the potential of the premises to be leased or the suitability of any intended. The proposed use will not create or imply any form of exclusivity. Intending tenants should make their own investigations and take independent advice from suitably qualified advisors where necessary. To acknowledge agreement of the above terms and conditions, kindly sign where indicated on the following page and return this document. The agreement is subject to and conditional upon the Lessor s acceptance of the terms and conditions contained herein. p22
Special Conditions: Signed by: Lessee Lessor Name: Name Date / / Date / / p23
ANNEXURE B p24
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