45-71 Waterson Way Airlie Beach, QLD 4802

Information memorandum
45-71 Waterson Way
Airlie Beach, QLD 4802
buildingabetterwhitsunday.com.au
knightfrank.com.au/townsville
Contents
Contents
2
Introduction
3
Executive Summary
4
The Opportunity 5
Site Overview
6
Location
7
General Development Considerations
8
Tender Information
19
Disclaimer
10
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Information memorandum | 45-71 Waterson Way, Airlie Beach, QLD 4802
Introduction
On behalf of Whitsunday Regional Council, Knight Frank invites experienced, financially capable
development entities to enter into an agreement to develop 45 to 71 Waterson Way, Airlie
Beach, Queensland.
The property is being offered through a Development Lease for development to commercially viable uses that
benefit the Whitsunday Region.
The Whitsunday Regional Council recognises that a proactive approach to employment creation, economic
diversity and enhancing the Whitsunday experience for residents and visitors is necessary in building a better
region. Therefore, this parcel in the heart of Airlie Beach is offered for development as a step towards building a
better Whitsunday.
The property offers:
A central location adjacent to Airlie Beach Town Centre;
A Commercially zoned site; and
Previous approval (now lapsed) for a development permit of Multiple Dwelling Units and Serviced Apartments,
Refreshment Premises and shops.
Detailed information in relation to the site and the
request for Tender can be accessed through the Data
Room by emailing whitsunday@mccullough.com.au
General information can be sourced from the
“Building a Better Whitsunday” website at
buildingabetterwhitsunday.com.au
Knight Frank Townsville + 61 (0) 747 503 000
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Information memorandum | 45-71 Waterson Way, Airlie Beach, QLD 4802
Executive Summary
Outline Offer
Whitsunday Regional Council invites experienced development groups to utilise a
strategic parcel of land in the heart of Airlie Beach for viable development forms
that enhance the economic diversity of the Airlie Beach Town Centre and create
new employment for the Whitsunday region.
Property Address
45 to 71 Waterson Way, Airlie Beach, QLD 4802
Property Title
Lot 332 SP 152089, County of Herbert, Parish of Conway - Certificate of Title
50469770
Property Area
21,360 m²
Property Description
Lot 332 is a large, easy sloping parcel with a long frontage to Waterson Way,
situated immediately adjacent to the Airlie Beach Town Centre. Airlie Creek forms
the western boundary, while the newly completed Woolworths Supermarket is
opposite the northern boundary.
Tender Objectives
The Whitsunday Regional Council are focused on achieving development on this
parcel that:
Can demonstrate a sustainable increase in the number of full-time employment
positions in the Whitsunday region as a consequence of the development of this
parcel – a minimum of 50 full-time equivalent employment positions is preferred.
Can demonstrate an enhancement in the profile of the Airlie Beach Town Centre
and the economic diversity within this environ.
Can demonstrate a beneficial association with adjoining parcels that can bring
forward new development of the wider precinct between Shute Harbour Road
and Waterson Way.
Zoning
Commercial
Local Authority
Whitsunday Regional Council
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Information memorandum | 45-71 Waterson Way, Airlie Beach, QLD 4802
The Opportunity
The Whitsunday Regional Council is motivated to “build a better Whitsunday”. Consequently the Council is offering a
strategically located parcel of land in the heart of Airlie Beach for development that can demonstrate:
1.A sustainable increase in the number of full time equivalent employment positions in the Whitsunday region as a
consequence of development (minimum of 50 full time positions is preferred).
2.An enhancement in the profile of the Airlie Beach Town Centre and the economic diversity within its environ.
3.A beneficial association with adjoining properties that can bring forward new development of the wider precinct
between Shute Harbour Road and Waterson Way.
These three outcomes represent the Primary Objectives of this offer. The opportunity for tenderers to achieve these
objectives is being offered through a Development Lease.
The Whitsunday Regional Council recognises that in return for the completion of a development upon the property
achieving the outcomes, attractive payment terms and definitive development outcomes must be considered.
Desirable outcomes for future development include:
Mixed use development containing similar uses to the uses previously approved upon the property
A moderate expansion of the Mixed Use previously approved
A slight contraction of the use outcomes previously approved if the proposed use provides new industries/
enterprises for the region or a major new employment source
Not desired include:
General industrial uses
Service station or Fuel Depot
Residential uses without a complementary use mix (hospitality/retail/tourism)
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Information memorandum | 45-71 Waterson Way, Airlie Beach, QLD 4802
Site Overview
Area
45-71 Waterson Way encompasses a total site area of 21,360 sqm* of Commercial zoned land and is situated
immediately adjacent to the Airlie Beach Town Centre.
Access and Services
The site currently offers entry points off Waterson Way, with the property offering a good building contour. Services
are constructed to the frontage of the site. The site requires minimal external works to be completed for most forms
of development for the property.
Topography
The natural topography is below the Waterson Way alignment allowing for sub basement development, with the
road alignment providing an identifiable ‘ground level’ for future development. Airlie Creek is adjacent the western
boundary offering an attractive vegetated.
Familiar/Aligned Surrounding Uses
The surrounding area contains a mix of Tourist accommodation, permanent residential accommodation, retail uses and
hospitality uses. The natural setting is a highly attractive mix of vegetated hills and creek frontages and a protected
coastal foreshore.
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Information memorandum | 45-71 Waterson Way, Airlie Beach, QLD 4802
Location
Airlie Beach is within the Whitsunday Region on the Queensland central coast, approximately 1,125 kilometres
north of Brisbane and approximately 725 kilometres south of Cairns. Airlie Beach, together with the townships of
Cannonvale, Jubilee Pocket and Shute Harbour form the mainland link with the Whitsunday Islands Groups.
The region is serviced by domestic airports at Proserpine and on Hamilton Island and offers short term and
permanent residential dwellings and units, retail and commercial businesses, backpacker resorts and hotel
accommodation, licensed restaurants, taverns and entertainment complexes and marinas and passenger terminals.
Airlie Beach foreshore attractions include Airlie Lagoon, boardwalks and casual parklands, as well bushwalking and
mountain biking in the hills of the Conway Range National Park.
Whitsunday Marketing and Development is the region’s peak economic development and tourism marketing body.
Statistics to September 2013 presented by Whitsunday Marketing and Development indicate the Whitsunday region
hosted:
491,000 domestic overnight visitors;
180,000 international visitors;
374,000 day trip visitors.
A focussed effort by operators on the islands and the mainland has meant that the region now sustains a permanent
year round tourist industry.
Whitsunday Marketing and The Whitsunday Regional Council are focusing on a variety of economic pillars making use
of major existing infrastructure in the region including:
The Whitsunday Airport at Proserpine
The Port at Abbott Point
The Power Station at Collinsville
The Bruce Highway
The council is also advocating the development of the proposed Urannah Dam to benefit the rural
Whitsunday region and the mining industry in the Bowen Basin.
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Information memorandum | 45-71 Waterson Way, Airlie Beach, QLD 4802
industries in the
General Development Considerations
Tenders submitted for this property will be evaluated with a heavy weighting towards a development meeting
the Primary Objectives. The submission of a Tender addressing (at a high/preliminary level) the following general
development considerations is preferred:
i)
a modern design for the intended built form in accordance with current standards, being cognisant of climatic
conditions, resident privacy and the lifestyle typically associated with Airlie Beach;
ii)safe and appropriate site access and mitigation of impacts of the development on the existing road network;
iii)adequate car parking arrangements;
iv) p rovision for stormwater drainage in accordance with applicable standards to mitigate flooding impacts and
achieve water quality objectives;
v)suitable landscaping which improves the environmental conditions of the Site and surrounds;
vi)acoustic treatment which is effective to mitigate amenity impacts (including visual amenity impacts);
vii) appropriate integration with existing natural features, including the adjoining Airlie Creek;
viii)connectivity with adjoining sites (pedestrian connectivity where these adjoining sites are not incorporated
directly with development of the property).
The property was previously approved (now lapsed) for a development permit for Multiple Dwelling Units and
Serviced Apartments (138 single bedroom units, 49 two bedroom units, 23 three bedroom units and ancillary facilities,
including meeting rooms, gym, health spa, kids club and car parking), Refreshment Premises and Shops. The lapsed
development approval allowed for a ground level and four upper levels in parts of the building, with the buildings
proposed at the higher sections of the property (southern boundary) allowing a ground level and three upper levels.
The Whitsunday Regional Council will also consider incentives for development that enable the objectives sought for
the property to be achieved.
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Information memorandum | 45-71 Waterson Way, Airlie Beach, QLD 4802
Tender Information
To ensure the tender process is fair and equitable for intending tenderers, a Tender Process Manager has been
appointed to receive and respond to all enquiries.
The Tender Process Manager for this tender is McCullough Robertson Lawyers.
Consequently, information relevant to the tender process is available from McCullough Robertson Lawyers.
This information can be obtained electronically by contacting Whitsunday@mccullough.com.au.
Tenders are required to be electronically submitted to www.lgtenderbox.com.au by
2 PM, Tuesday 14 October 2014 (AEST)
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Information memorandum | 45-71 Waterson Way, Airlie Beach, QLD 4802
Disclaimer
This report has been prepared by Knight Frank and is solely for the information of potential developers to assist
them in deciding whether they are sufficiently interested in the property offered for lease to proceed with further
investigation of the property. The information does not constitute all or any part of any offer or Contract of Sale, and
is intended as a guide only.
The information contained in the Report has been prepared by Knight Frank and potential investors should take note
that the costings contained in the Report are based on figures provided to Knight Frank by outside sources and have
not been independently verified by Knight Frank. Any projections contained in the Report therefore represent best
estimates only and may be based on assumptions which, while reasonable, may not be correct.
If a projection has been made in respect of net income, such a projection is an estimate and represents only one
possible result, depending on the assumption made as to the manner in which the rent review negotiations are
undertaken. Potential purchasers should therefore satisfy themselves as to the current status of any rent review
negotiations and make their own judgement as to the likely outcome.
Potential purchasers should not rely on any material contained in this brochure as a statement or representation of
fact but should satisfy themselves as to its correctness by such independent investigation as they or their legal or
financial adviser sees fit.
No liability for negligence or otherwise is assumed by Knight Frank or the Vendor for the material contained in the
Report. Any liability on the part of Knight Frank or the Vendor, their servants or agents for damages for any claim
arising out of or in connection with the Report, other than liability which is totally excluded by this clause, shall not
(whether or not such liability results from or involves negligence) exceed $1,000.
This Report is provided to the recipient on a confidential basis and is not to be re-supplied to any other person
without prior written consent of Knight Frank.
To the extent that any of the above paragraphs may be construed as being in contravention of any law of the State
or the Commonwealth, such paragraph shall be read down, or severed or both, as the case may require, and the
remaining paragraphs shall continue to have full force and effect.
The Vendor reserves the right to withdraw the properties from sale at any time and for any reason. Neither Knight
Frank nor the Vendor will incur any liability to any potential purchaser or any other party arising from the withdrawal
of the properties from sale.
GST
The purchase price and the value of the property may be affected by GST.
The rent, outgoings and other amounts payable by a tenant (“tenant payments”), may also be affected by GST.
Knight Frank are not qualified to provide advice on any GST issue relating to the property including:
whether or not tenant payments or the value of the property are affected by GST; or
whether or not the owner is obliged to remit GST on tenant payments or is able to recover that GST from
tenants; or
how the purchase should be structured to comply with GST legislation.
You should satisfy yourself by your own enquiries (including a review of all contracts and leases relating to the
property by your own appropriately qualified advisers) as to the impact of GST upon the purchase price and tenant
payments.
Neither the vendor, Knight Frank make any representation, express or implied, as to whether or not GST has any
affect on the property or the purchase price.
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Information memorandum | 45-71 Waterson Way, Airlie Beach, QLD 4802