<span style="color:rgb(0, 0, 0);">Situated within the industrial precinct of Caboolture, the subject property facilities excellent connectivity to both the Brisbane and Sunshine Coast markets via the Bruce Highway.</span><br><br><span style="color:rgb(0, 0, 0);">The property is located:</span><br><br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;color:rgb(0, 0, 0);"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">2.8 km* to Caboolture Hospital</span></p></li><li style="list-style-image:none;color:rgb(0, 0, 0);"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">48 km* north of Brisbane Airport</span></p></li><li style="list-style-image:none;color:rgb(0, 0, 0);"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">56 km north of Brisbane CBD</span></p></li><li style="list-style-image:none;color:rgb(0, 0, 0);"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">58 km* south of Sunshine Coast</span></p></li></ul><br><span style="color:rgb(0, 0, 0);">The property sits within the Moreton Bay Regional Council area. Moreton Bay region itself has experienced exponential growth and is touted as a major growth area for QLD.</span><br><br><span style="color:rgb(0, 0, 0);">Moreton Bay is the third largest local government area in Australia by population and has been recognised as a region with one of the fastest-growing populations, and the strongest-growing economies in the country. The region provides the perfect balance between business and lifestyle, and is located in South East Queensland’s northern growth corridor, just north of the Brisbane CBD. </span><br><br><span style="color:rgb(0, 0, 0);">Moreton Bay has easy access to the Brisbane CBD and major transport and export infrastructure, including the Brisbane and Sunshine Coast international airports, Port of Brisbane, Bruce Highway, and Redcliffe Peninsula and Sunshine Coast rail lines. Major regional infrastructure projects such as The Mill at Moreton Bay and the $1 billion Redcliffe Peninsula Rail Line are underpinning new, exciting opportunities for continued economic development, employment growth and business confidence into the future.</span><br><br><span style="color:rgb(0, 0, 0);"><b>MAJOR REGIONAL PROJECTS</b></span><br><br><p style="margin-inline-start:36pt;"><span style="color:rgb(0, 0, 0);">• Council’s $655 million budget will provide more than $227 million for capital works with a focus on community infrastructure and healthy and active lifestyle opportunities. It</span></p><span style="color:rgb(0, 0, 0);margin-inline-start:36pt;">includes:</span><br><br><p style="margin-inline-start:72pt;"><span style="color:rgb(0, 0, 0);">o $112 million on road and transport networks to improve connectivity, </span><span style="color:rgb(0, 0, 0);margin-inline-start:72pt;">travel time and transport options.</span></p><br><p style="margin-inline-start:72pt;"><span style="color:rgb(0, 0, 0);">o $54 million to rehabilitate, protect and enhance the natural environment, plus an additional $24.2 million towards management of waterways</span><span style="color:rgb(0, 0, 0);margin-inline-start:72pt;"> and coastal areas.</span></p><br><p style="margin-inline-start:72pt;"><span style="color:rgb(0, 0, 0);">o $34 million on sport and recreation including $5 million towards construction of the new Griffin Sports Complex, $3.2 million for the next phase </span><span style="color:rgb(0, 0, 0);margin-inline-start:72pt;">of the Nathan Road Sporting Precinct, Rothwell.</span></p><br><p style="margin-inline-start:36pt;"><span style="color:rgb(0, 0, 0);">• The Mill Priority Development Area covers around 460ha of land across Petrie, Kallangur and Lawnton providing opportunity to fast-track development in conjunction with a brand-new </span><span style="color:rgb(0, 0, 0);margin-inline-start:36pt;">university precinct.</span></p><br><p style="margin-inline-start:36pt;"><span style="color:rgb(0, 0, 0);">• The Mill at Moreton Bay will feature the USC Moreton Bay Campus, innovation hub, vibrant urban centre and a </span><span style="color:rgb(0, 0, 0);margin-inline-start:36pt;">designated koala conservation area.</span></p><br><p style="margin-inline-start:36pt;"><span style="color:rgb(0, 0, 0);">• USC Moreton Bay Campus at Petrie opened in 2020 and is Australia’s first greenfield university in 20</span></p><span style="color:rgb(0, 0, 0);margin-inline-start:36pt;">years.</span><br><br><p style="margin-inline-start:36pt;"><span style="color:rgb(0, 0, 0);">• $925.5 million is being spent on Bruce Highway upgrades between Pine River and Caloundra Road </span><span style="color:rgb(0, 0, 0);margin-inline-start:36pt;">interchange.</span></p><br><p style="margin-inline-start:36pt;"><span style="color:rgb(0, 0, 0);">• The $1 billion Redcliffe Peninsula Rail Line will service 618,000 residents by 2036 and 39 new</span><span style="color:rgb(0, 0, 0);margin-inline-start:36pt;"> residential developments.</span></p><br><span style="color:rgb(0, 0, 0);">Other important regional projects include: Caboolture Hospital expansion, New Special School Caboolture, Redcliffe Hospital upgrade, Dakabin Train Station upgrade and Griffin State School expansion.</span><br><br><span style="color:rgb(0, 0, 0);"><b>Brisbane Population snapshots:</b></span><br><br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;color:rgb(0, 0, 0);"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Greater Brisbane population is 2,700,000* at June 2023 (which includes Caboolture)</span></p></li></ul><br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;color:rgb(0, 0, 0);"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">SEQ’s population is 4,000,000*.</span></p></li></ul><br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;color:rgb(0, 0, 0);"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">SEQ’s population will increase to 6,000,000* by 2046.</span></p></li></ul>

<b><u>2-4 Piper Street, Caboolture - Queensland Government, Department of Transport and Main Roads (licencing)</u></b><br><br>The Department of Transport and Main Roads (DTMR) is a cornerstone agency of the Queensland Government, tasked with delivering safe, efficient, and sustainable transport and road infrastructure.<br><br>Known for their stability and long-term leasing arrangements, DTMR has been a tenant at this property (2-4 Piper Street, Caboolture) for over 20 years, underscoring their commitment to this strategically located office space.<br><br><a style="color:rgb(51, 51, 51);display:inline;" target="_blank" href="https://www.qld.gov.au/transport/contacts/centres/view?title=Caboolture%20Transport%20and%20Main%20Roads%20Customer%20Service%20Centre"><u>https://www.qld.gov.au/transport/contacts/centres/view?title=Caboolture%20Transport%20and%20Main%20Roads%20Customer%20Service%20Centre</u></a><span></span><br><br><span style="color:rgb(51, 51, 51);"><b><u>6 Piper Street, Caboolture - Queensland Government, Department of Transport and Main Roads (vehicle inspections)</u></b></span><br><br>The adjoining vehicle inspection station (6 Piper Street, Caboolture) makes this a one stop integrated public service facility that meets all DTMR’s client facing obligations in one complex. We understand DTMA have been in occupation at 6 Piper Street since 2019.<br><br><a style="color:rgb(51, 51, 51);display:inline;" target="_blank" href="https://www.qld.gov.au/transport/contacts/centres/view?title=Caboolture%20Transport%20and%20Main%20Roads%20Customer%20Service%20Centre"><u>https://www.qld.gov.au/transport/contacts/centres/view?title=Caboolture%20Transport%20and%20Main%20Roads%20Customer%20Service%20Centre</u></a><span></span><br><br><span style="color:rgb(51, 51, 51);"><b><u>8 Piper Street, Caboolture -Cesana (Mirrors, show screens and wardrobes)</u></b></span><br><br><span style="color:rgba(51, 51, 51, 1);">Cesana Australia shower screens and wardrobes is an Australian owned company servicing </span><a style="color:rgba(51, 51, 51, 1);display:inline;" target="_blank" href="https://cesana.com.au/cesana-south-east-queensland/">South East Queensland</a><span style="color:rgba(51, 51, 51, 1);">, </span><a style="color:rgba(51, 51, 51, 1);display:inline;" target="_blank" href="https://cesana.com.au/cesana-sydney/">Sydney metropolitan area</a><span style="color:rgba(51, 51, 51, 1);">, </span><a style="color:rgba(51, 51, 51, 1);display:inline;" target="_blank" href="https://cesana.com.au/cesana-canberra/">Canberra</a><span style="color:rgba(51, 51, 51, 1);"> and surrounding regions.</span><br><br><span style="color:rgba(51, 51, 51, 1);">Each business branch is managed by a company owner, and with over 100 years combined experience you can expect great customer service and industry knowledge second to none.</span><br><br><span style="color:rgba(51, 51, 51, 1);">We pride ourselves on providing quality product at affordable prices, using the highest quality materials. Whether you are homeowner, owner builder, renovator or builder, no job is too big or too small.</span><br><br><span style="color:rgba(51, 51, 51, 1);">So if you are after a </span><a style="color:rgba(51, 51, 51, 1);display:inline;" target="_blank" href="https://cesana.com.au/shower-screens/">Custom Made Shower Screen</a><span style="color:rgba(51, 51, 51, 1);">, </span><a style="color:rgba(51, 51, 51, 1);display:inline;" target="_blank" href="https://cesana.com.au/wardrobes/">Wardrobe</a><span style="color:rgba(51, 51, 51, 1);">, </span><a style="color:rgba(51, 51, 51, 1);display:inline;" target="_blank" href="https://cesana.com.au/mirrors/">Mirror</a><span style="color:rgba(51, 51, 51, 1);"> or Kitchen Splashbacks we will have the solution.</span><br><br><span style="color:rgba(51, 51, 51, 1);">From initial consultation to final hand over after installation, we will work with you through the entire process making sure we deliver the very best in service and product.</span><br><br><span style="color:rgba(51, 51, 51, 1);">Cesana providing local service and quality by people who know the industry.</span><br><br><span style="color:rgb(51, 51, 51);">We understand Cesana have been in occupation at 8 Piper Street since March 2023 where the tenancy was previously occupied by a plaster business.</span><br><br><a style="color:rgb(51, 51, 51);display:inline;" target="_blank" href="https://cesana.com.au/"><u>https://cesana.com.au/</u></a><span style="color:rgb(51, 51, 51);"></span>

Please refer to file attached.

Subject Property: 2-4 Piper Street, Caboolture (low site cover, office, single level, corner, ample car parks) - QLD Government-Dept of Transport Main Roads - 396sqm - $312/sqm net p.a. + GST 6-8 Piper Street, Cabbolture -(Industrial with office, one building split into two tenancies) - QLD Government-Dept of Transport Main Roads (667sqm) and Cesana (591sqm) - 1,258sqm total or 667sqm and 591sqm as separate tenancies - $161/sqm net p.a. + GST + Outgoings (averaged) Rent Comparisons: Office - see attached document - approx. 400sqm tenancies - $400/sqm to $525/sqm net p.a. + GST + Outgoings Industrial - see attached document - approx. 600sqm tenancies - $170/sqm to $180/sqm net p.a. + GST + Outgoings Subject to valuation and further due diligence.

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