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08 Fall
Coonabarabran NSW 30 Little Timor Street
Information Memorandum
For Sale by Auction 21 February 2017
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30 Little Timor Street, Coonabarabran NSW
Information Memorandum
Table of Contents
Introduction 2
Executive Summary 3
Location 4
The Property 5
Location Maps 6
Site Particulars 7
Property Details 8
Tenancy Details 9
Financial Summary 10
Tenant Profile 11
Sale Process 12
Contact 13
Property Management 14
Disclaimer 16
Available on Request
Sale Contract and Lease
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30 Little Timor Street, Coonabarabran NSW
Information Memorandum
Introduction
Burgess Rawson are delighted to offer this affordable NSW Government leased investment in
Coonabarabran, NSW for sale via Public Auction.
Since being established in 1975, Burgess Rawson’s offices in Sydney, Canberra, Melbourne,
Brisbane, Gold Coast, Perth and associated office in Kuala Lumpur have had considerable success
in marketing properties of this calibre.
Burgess Rawson are property specialists who manage, sell, value and lease commercial assets for
our large investor and owner occupier client base. We foster long term relationships, adhere to our
market focus, are flexible, adaptable and are known for our specialist skills, seamless national
network and iconic investment Portfolio Auctions.
Based on our knowledge and experience, Burgess Rawson is confident in recommending this
NSW Government leased property as an outstanding investment opportunity.
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30 Little Timor Street, Coonabarabran NSW
Information Memorandum
Executive Summary
Investment Features
Affordable NSW Government tenanted investment property
Government Property NSW lease to June 2018 + option
Longstanding history as a Rangers office in Coonabarabran
Large 980 sqm site improved with an attractive single level commercial building
Coonabarabran – sits on the divide between the Central West and North West Slopes of NSW
Just over 2 hours west of Tamworth and 1 hour 40 minutes north of Dubbo
Wide frontage to Little Timor Street
Little Timor Street runs off John Street which is an extension of the Oxley & Newell Highways
The Oxley Highway is a rural highway linking inland North West of NSW to the North Coast
The Newell Highway runs north/south inland between the Victorian and QLD borders
Easily managed single tenant investment
Net Income: $35,865 pa + GST
Site Area
Large 980 sqm site improved with an attractive single level commercial building
Lease Details
Renewed lease to June 2018
Further 1 year option to 2019
Easily managed single tenant investment
Net Income
$35,865 pa + GST
Method of Sale
For sale by auction on Tuesday 21 February 2017 at 11.00am AEDST
Venue: Doltone House Hyde Park, 181 Elizabeth Street Sydney
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30 Little Timor Street, Coonabarabran NSW
Information Memorandum
Location
Coonabarabran is a town in the Warrumbungle Shire which is home to some 9,728 residents.
Coonabarabran is strategically located at the junction of the Newell Highway and Oxley Highway,
being approximately midway on the main Melbourne to Brisbane transport route.
Major surrounding township distances (approx.) include:
Dubbo 160 kms to the south west
Narrabri 118 kms to the north
Gunnedah 105 kms to the north east
Tamworth 180 kms to the east
Strategic and central transport route location, with distances (approx.) as follows:
Newcastle 345 kms to the south east
Sydney 450 kms to the south east
Brisbane 700 kms to the north east
Melbourne 985 kms to the south west
Warrumbungle Shire Council
In 2004, the Shires of Coolah and Coonabarabran were amalgamated forming the Warrumbungle
Shire.
Located within the foothills of the Warrumbungle and Coolah Tops mountain ranges, the Shire
incorporates six main towns which include Coonabarabran, Coolah, Binnaway, Baradine,
Mendooran and Dunedoo.
The Warrumbungle Shire provides excellent medical and sporting facilities, award winning
schooling, national brand retailers such as Woolworths and Coles, many community organisations
and a number of tourist attractions including the internationally acclaimed Siding Spring
Observatory, Warrumbungle National Park and Coolah Tops National Park.
Further information available at: www.warrumbungle.nsw.gov.au
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30 Little Timor Street, Coonabarabran NSW
Information Memorandum
The Property
The property provides for a wide frontage to Little Timor Street which runs off John
Street which is an extension of the Oxley & Newell Highways.
The Oxley Highway is a rural highway linking inland North West of NSW to the North Coast, whilst
the Newell Highway runs north/south inland between the Victorian and Queensland borders.
The property is within close proximity to the Warrumbungle Shire Council less than 500 metres
from Woolworths.
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30 Little Timor Street, Coonabarabran NSW
Information Memorandum
Location Maps
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30 Little Timor Street, Coonabarabran NSW
Information Memorandum
Site Particulars
Title Details
Lot A Deposited Plan 383857
Site Area
980 sqm according to RP Data records
Zoning
B2 (Local Centre) under the Warrumbungle Local Environmental Plan 2013
1 Objectives of zone
To provide a range of retail, business, entertainment and community uses that serve the needs
of people who live in, work in and visit the local area.
To encourage employment opportunities in accessible locations.
To maximise public transport patronage and encourage walking and cycling.
2 Permitted without consent
Home businesses; Home occupations; Roads
3 Permitted with consent
Boarding houses; Child care centres; Commercial premises; Community facilities; Dwelling houses;
Educational establishments; Entertainment facilities; Function centres; Home industries; Hostels;
Information and education facilities; Medical centres; Passenger transport facilities; Recreation
facilities (indoor); Registered clubs; Residential flat buildings; Respite day care centres; Restricted
premises; Seniors housing; Service stations; Shop top housing; Tourist and visitor accommodation
For further information visit: www.warrumbungle.nsw.gov.au
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30 Little Timor Street, Coonabarabran NSW
Information Memorandum
Property Details
The property which is set on a large 980 sqm site comprises an attractive single level commercial
building with convenient ingress/egress from the street and ample on-site parking.
Internally the property is fitted out with 6 offices, an entry foyer, administration area, large hall area
which includes photocopying areas, a cleaner’s room, male and female amenities, a
communications rooms, a generous meeting room and a kitchen/staff room.
The property is carpeted and air conditioned and features fluorescent tube lighting with diffusers.
There is a rear yard area and garage at the back of the building.
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30 Little Timor Street, Coonabarabran NSW
Information Memorandum
Tenancy Details
Lease
Lessee Government Property NSW
Term 2 years
Lease commencement 11 June 2016
Lease expiry 10 June 2018
Option period Further 1 year option to June 2019
Rent reviews Annual CPI rental reviews but not to exceed 5% in any one year
Outgoings The lessor is responsible for the payment of outgoings including council rates, water, sewerage and drainage charges, land tax and insurance
Permitted use Office premises for National Parks & Wildlife
Current gross rental pa excl GST $40,325
Please note that the above information is intended as a summary of the lease agreement supplied and has been represented as accurately as possible. We recommend prospective purchasers make their own enquiries to gain a thorough understanding of the provisions of the lease contained within in the Sale Contract.
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30 Little Timor Street, Coonabarabran NSW
Information Memorandum
Financial Summary
Income
Current Gross Rent $40,325
LESS: Total outgoings
Council rates (2016/17) $3,144
Water rates (2016/17) $561.12
Land Tax (below current land tax threshold on a single holding basis)
Nil
Insurance (2016/17) $915.46
Total estimated outgoings $4,620.58
Estimated net rent (pa + GST) $35,704.42
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30 Little Timor Street, Coonabarabran NSW
Information Memorandum
Tenant Profile
Government Property NSW (GPNSW) is the Lessee of the property offered for sale in this
document and GPNSW in turn sub leases the properties to the various NSW Government
departments and agencies concerned such as National Parks & Wildlife Services.
“GPNSW provides property solutions which support agencies to improve services for the benefit of
NSW.” Brett Newman, CEO, Property NSW
About GPNSW
GPNSW delivers expert property advice across whole-of-government. Their property expertise
supports agencies to improve services for the benefit of NSW. This means more public housing,
enhanced hospital facilities, better schools and transport. GPNSW takes pride in the benefits their
expertise ultimately delivers for the people and economy of NSW.
GPNSW deliver three core services for the State:
1. Leading property policy
2. Portfolio and asset management
3. Property transactions
These services ensure better management of the State’s property portfolio enabling the release of
capital for front line community services.
GPNSW’s vision is excellence in property for NSW
GPNSW adopts an uncompromising focus on excellence in property services, providing leading
edge real estate advice. They strive to deliver continuous improvement and innovation, taking a
proactive approach to understanding government objectives and policies.
GPNSW are property specialists drawing on extensive experience in capital and property markets.
Their knowledge of government and the property sector, including a track record of undertaking an
array of complex transactions, means they’re trusted to deliver high value and complex capital
recycling initiatives. 11
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30 Little Timor Street, Coonabarabran NSW
Information Memorandum
Client service is GPNSW’s priority as they undertake property services across whole-of
government.
They work closely with government agencies to understand their requirements,
maximise value for the State and ultimately the people of NSW.
GPNSW are adept at delivering:
Expert advice across whole-of-government
High value and high volume strategic asset recycling initiatives
Best in class asset management solutions
Reform in agency service delivery
Accommodation solutions
They operate on a commercial basis which provides government with the confidence to engage
their services to ensure the efficient management of property assets and transactions.
GPNSW aim is to be a best practice property manager with the capacity to drive reform, capital
management and service delivery for the benefit of NSW
For further information visit: www.property.nsw.gov.au and www.nationalparks.nsw.gov.au
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30 Little Timor Street, Coonabarabran NSW
Information Memorandum
Sale Process
Method of Sale
The property will be offered for sale by auction on Tuesday 21 February 2017 at 11.00am AEDST.
Venue: Doltone House Hyde Park, 181 Elizabeth Street, Sydney
Inspections
Inspections can be arranged by prior appointment.
Interstate Bidding
Interstate bidding is available strictly by prior arrangement at one of Burgess Rawson’s interstate
offices.
Terms of Sale
Deposit of 10% payable upon exchange and the balance upon settlement. It is proposed the
property will be offered as a 'going concern' and if the purchaser meets the provisions of the GST
legislation the sale will not incur GST.
Contact
Rhys Parker
D 02 8113 5209
M 0451 101 042
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30 Little Timor Street, Coonabarabran NSW
Information Memorandum
Property Management
At Burgess Rawson, we’re not only market leaders in investment sales,
but did you know that we aim to enhance the value and return of your
investment? We provide a strong and sophisticated professional
property management team that will ensure long-term success of your
asset.
Our Property Management Department
With a nation-wide management portfolio
valued in excess of $2 billion and with
market knowledge of all forms of
commercial property, we have the ability
to manage your property no-matter the
type or its location
Our team prides itself on relationship
building with all of our tenants, and has
built quality relationships with blue chip
companies such as Bunnings, Coles,
ING, Liquorland, Woolworths as well as
the four major Banks and many small
businesses. This skill is paramount in
tenant retention, avoiding long periods of
vacancy and minimises arrears
Our experienced team will add value to
your asset by taking an investor minded
management approach. We will forecast
and maximise your return by thinking
“return on investment” in all property
dealings
Due to the fact that we manage all forms
of commercial, industrial and retail
property, we can tailor a management
package to suit your individual
requirements
We are commercially minded, monitor
expenditure closely & treat each property
as if it were our own
By undertaking regular inspections of all
our managed assets to ensure
presentation is at its best at all times and
through close monitoring of critical lease
terms and conditions we ensure that no
obligation or detail is missed...minimising
risk to our clients
There are many other ways that our management team can maximise your property’s investment
return, even in difficult market conditions. To find out how we can help you, please call us today.
Martin Fisher
Director, Property Management Division
D 02 8113 5244
O 02 9232 6288
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30 Little Timor Street, Coonabarabran NSW
Information Memorandum
Affordable
NSW Government Leased
Investment Property,
Coonabarabran, NSW
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30 Little Timor Street, Coonabarabran NSW
Information Memorandum
Disclaimer
This Information Memorandum has been prepared
in good faith and with due care by Burgess
Rawson (NSW) Pty Ltd and if applicable, its
conjunctional agent. This disclaimer may also
extend to include any other Burgess Rawson
Australian office referred to henceforth as
“Burgess Rawson”.
By accepting this Information Memorandum,
recipients agree for themselves and their affiliates
to the terms of this Disclaimer.
This Information Memorandum has been prepared
solely for general information purposes and not as
specific advice to any particular recipient or any
other person. It is not to be construed as a
recommendation by Burgess Rawson that any
recipient proceeds with any investigation or with
any purchase and/or lease of a property or
service. In all cases recipients should carry out
their own independent investigation, assessment
and analysis.
Intending purchasers should note:
• In the event of any inconsistency of this
property report and the contract for sale of
land, the provisions of the contract for sale of
land shall prevail.
• The lease details (if applicable) contained in
this Information Memorandum are only
illustrative of the relevant lease document/s.
• Figures for outgoings and rentals as stated in
this Information Memorandum may be based
on estimates. Potential purchasers should
make their own judgement as to the likely net
income.
• The only representations and warranties
which have any legal effect will be those that
are expressly included in any legally binding
contract that may be concluded with a
successful purchaser.
• All stated dimensions and areas are
approximate.
To the maximum extent permitted by law, no
member of Burgess Rawson, their respective
directors, employees, agents, conjunctional
agents, advisors or representatives, as the case
may be:
• provides any undertaking, express or
implied, as to the accuracy, adequacy,
reliability, reasonableness or completeness
of the information or any opinion or
statement contained in this Information
Memorandum;
• shall have any liability (including for
negligence) for any statements, opinions,
information or matters arising out of,
contained in or derived from, or for any
errors or omissions from or failure to correct,
any information in this Information
Memorandum or any other written or oral
communications transmitted to any recipient;
and/or
• is under any duty of disclosure or fiduciary
duty or any obligation to update any
information contained in this Information
Memorandum or any other written or oral
communication transmitted or made
available to a recipient, or to notify any
person should any such information cease to
be correct after the date hereof or the date of
provision, as the case may be,
• and each recipient, by accepting delivery of
this Information Memorandum, waives all
rights in that regard.
This Information Memorandum is provided to the
recipient on a confidential basis, and is not to be
resupplied to any other person without the prior
written consent of Burgess Rawson. The recipient
may, however, disclose the Information
Memorandum to any of its employees, advisors
(including lawyers and accountants) or agents to
the extent absolutely necessary to allow the
recipient to evaluate the property/properties and to
act on an opportunity to purchase the
property/properties, but will ensure that those
employees, advisors or agents maintain the
confidentiality of this Information Memorandum.