riverbend tower im

information memorandum

riverbend tower30 riverview terrace

indooroopilly qld 4068

prepared byrashmi manager

P R O P E R T Y

there is a difference between ordinary and belle...

indooroopilly

lap pool

balconies

river views

location

riverbend tower 30 riverview terrace indooroopilly qld 4068

property particulars two whole floors on offer – purchase one or both

(choice of level 4 or level 5)each floor wth 3 x 3 bedroom apartments and 2 x2 bedroom apartments

description: level 4 lots 401 - 405 on sp22083level 5 lots 501 - 505 on sp22083

body corporate for riverbend tower CTS

management rights for the building are available

a copy of the sustainability declaration can be obtained from the agent.

history :

riverbend tower was completed in December 2008 for the current owners. Designed by david

halpin of Kowalski architects, these quality apartments are larger than most apartments and

have expansive balconies. The present owners have retained the top three floors for their own

use .

improvements :

this ten level building has been beautifully designed to take in city and river views from its eastern

side. The building comprises of 35 residential apartments and 2 commercial offices.

These are complimented with 54 secure residential carparks, 4 dedicated office parks and 9 visitor

parking bays. The building offers secure lift access to all levels and residents benefit from a relaxing

community area with lap pool

location:

showing continuous growth this is one of se queensland’s most sought after areas. only minutes

to the cbd, this building is located within easy access to trains, st peter’s college, other private

and public schools , university . a short stroll to the major shopping town, cinemas, parks and

fine dining, this location makes it one of the most desirable modern lifestyle in a rapidly growing

suburb

title searchesIndividual title documentation is available from the agent on request

fourth floorLot 401: CT 50817519 Lot 402: CT 50817520 Lot 403: CT50817521 Lot 404: CT50817522

Lot 405: CT50817523

fifth floorLot 501: CT 50817524Lot 502: CT 50817525Lot 503: CT 50817526Lot 504: CT 50817527Lot 505: CT 50817528

investment

Indooroopilly has traditionally experienced growth with above market rental returns. The convenient community facilities allow for a distinct advantage for marketing and rentals of quality apartments of this nature. The location, views and close proximity to services and educational institutions should ensure ongoing investment growth .

feb 14th 2011

rental yields in 2011 to eclipse those of 2010: rp data

according to rp data’s analysis of national rents for the december quarter, weekly rental rates

have increased nationally by 2.9 per cent over the past 12 months and by 4.2 per cent in

australia’s capital cities.

according to report analyst cameron kusher, over this last quarter rents in the housing market

saw increases in all cities except for the three most expensive areas; sydney, darwin and

canberra. in brisbane the median rent for a house is $365, experiencing a 1.4 per cent increase

over the quarter and a 37.7 per cent rise over the past five years.

median unit rent in brisbane is $350 per week, experiencing no change over the quarter but a

40 per cent increase over the past five years in total. based on median weekly-advertised rents,

capital city house rents have increased by 1.3 per cent and units by 1.4 per cent for the quarter

and sit at $380 per week and $365 per week, respectively.

mr kusher says capital city rents increased by 1.4 per cent over the december quarter and by

4.2 per cent over the last year. he says that for 2011 rp data expects to see rental markets

tighten further and rental growth during 2011 to eclipse that of 2010.

lifestyle:

‘riverbend tower’ - whole floor as one offering in elite landmark contemporary block of apartments

is a rare and unprecedented investment opportunity. located in a high position in the hub of vibrant

and rapidly growing indooroopilly, this lifestyle is a combination of comfort with convenience. within

easy reach of trains, schools, university, shopping, cinemas and lifestyle dining, it is a highly desirable

proposition for companies or family groups requiring secure and central multi- accommodation. with

approximately 5% gross returns it is an ideal investment.

accommodation:

each floor on offer comprises 5 apartments, made up of 3 x 3 bedroom and 2 x 2 bedroom apartments.

These spacious 124m2 to 159m2 apartments offer good size bedrooms with 2 bathrooms and modern,

stylish kitchens. Relaxing spacious living areas open up to expansive balconies with city and river views

on the eastern side. there are 6 car parks allocated for level 4 . level 5 has 7 car parks.

features:

beautiful quality appointments compliment the lifestyle. wool carpets, caesar stone, italian tiling

enhance the charm of stylish living. restricted access to lift service and each floor, and the undercover

secure parking ensure safe environment. a lap pool in the complex with relaxation area adds to the

enjoyment. within minutes to the cbd, this is a unique opportunity for the astute buyer.

riverbend tower rent prices

Riverbend Tower167 Coonan Street, Indooroopilly

Unit Beds Internal External Total Cars Sale Price Rent Leased To

401 2 96m2 39m2 135m2 1 $599,000 $535 25.12.11402 2 94m2 30m2 124m2 1 $599,000 $540 18.08.12403 3 111m2 33m2 144m2 1 $749,000 $635 01.09.11404 3 125m2 34m2 159m2 2 $799,000 $680 24.09.11405 3 110m2 32m2 142m2 1 $699,000 $650 23.12.11


Riverbend Tower167 Coonan Street, Indooroopilly

Unit Beds Internal External Total Cars Sale Price Rent Leased To



indooroopilly

lap pool

balconies

riverbend tower floor plans

level 4 & level 5

riverbend tower documentation

2010 - 2011

new figures to come in september 2011

RIVERBEND TOWERS PROPOSED BUDGET

ADMINISTRATION FUNDExpense Description AmountBank Charges $50.00Caretaker $48,100.00Cleaning Materials $960.00Community Power $10,000.00Fire Systems $12,000.00Intercom System $500.00Pest Control $1,500.00Printing, Postage & Stationery $2,220.00Secretarial Fees $5,180.00Security Roller Door $500.00Sundries $500.00Tax Return $800.00Telephone & Email $330.00Additional Administration $280.00

Repairs and Maintenance Building $5,000.00 Electrical $1,000.00 Gardens & Grounds $500.00 Lift Maintenance $7,000.00 Lift Telephone $500.00 Pool $2,500.00Sub Total $99,420.00GST $9,942.00

Totals $109,362.00

AGGREGATE CONTRIBUTION LOT ENTITLEMENTS 382LEVY PER LOT PER ANNUM $286.29LEVY PER LOT PER WEEK $5.51

SINKING FUNDExpense Description AmountGeneral $69,706.00GST $6,970.60

Total $76,676.60

AGGREGATE CONTRIBUTION LOT ENTITLEMENTS 382LEVY PER LOT PER ANNUM $200.72LEVY PER LOT PER WEEK $3.86

INSURANCEExpense Description Amount

Insurances - Building & Public Liability $14,776.94GST $1,477.69

Totals $16,254.63

AGGREGATE INTEREST LOT ENTITLEMENTS 8405LEVY PER LOT PER ANNUM $1.93LEVY PER LOT PER WEEK $0.04

RIVERBEND TOWERINDICATIVE SCHEDULE OF CAPITAL ALLOWANCE AND TAX DEPRECIATION

UNIT 401

YEAR

Division 40 Division 43 Total Yearly Cumulative Division 40 Division 43 Total Yearly CumulativeFirst Year Allowances Allowances Capital Capital Allowances Allowances Capital CapitalDays Plant Building Allowance Allowance Plant Building Allowance Allowance364 $ $ $ $ $ $ $ $

1 6,270.88 7,469.62 13,740.50 13,740.50 10,739.84 7,469.62 18,209.47 18,209.472 7,409.35 7,490.15 14,899.49 28,639.99 10,159.10 7,490.15 17,649.25 35,858.713 6,311.31 7,490.15 13,801.45 42,441.44 7,725.31 7,490.15 15,215.45 51,074.174 5,567.98 7,490.15 13,058.13 55,499.57 5,987.62 7,490.15 13,477.76 64,551.935 5,138.89 7,490.15 12,629.03 68,128.60 4,719.27 7,490.15 12,209.42 76,761.356 4,632.66 7,490.15 12,122.80 80,251.40 3,774.75 7,490.15 11,264.90 88,026.257 4,464.20 7,490.15 11,954.35 92,205.75 3,058.37 7,490.15 10,548.52 98,574.768 4,300.11 7,490.15 11,790.25 103,996.00 2,505.93 7,490.15 9,996.07 108,570.849 4,234.66 7,490.15 11,724.81 115,720.81 2,073.53 7,490.15 9,563.67 118,134.5110 4,193.76 7,490.15 11,683.90 127,404.71 1,730.60 7,490.15 9,220.74 127,355.25

Balance 11,552.32 213,356.27 224,908.60 224,908.60 11,601.78 213,356.27 224,958.06 224,958.06

TOTAL 64,076.11 288,237.21 352,313.31 64,076.11 288,237.21 352,313.31

NOTES TO PROSPECTIVE OWNERThis Indicative Capital Allowance and Tax Depreciation Schedule cannot be submitted to the ATO as a final report as it is an ESTIMATE ONLY . Please contactGray Robinson & Cottrell Pty Ltd in Brisbane on (07) 3878 6222, or email [email protected] , to request and obtain the Final Capital Allowance and TaxDepreciation Report required by the ATO.

PRIME COST METHOD DIMINISHING VALUE METHOD

0

10,000

20,000

1 2 3 4 5 6 7 8 9 10

ANNUAL ENTITLEMENTSD.V.M.

P.C.M.

0

50,000

100,000

150,000

1 2 3 4 5 6 7 8 9 10

CUMULATIVE ENTITLEMENTS D.V.M.

P.C.M.

Riverbend Tower - Indicative - September 2010 - full year one.xlsDate Issued: 13/09/2010


UNIT 402

YEAR


1 6,305.10 7,175.72 13,480.82 13,480.82 10,782.72 7,175.72 17,958.44 17,958.442 7,459.58 7,195.43 14,655.01 28,135.83 10,215.47 7,195.43 17,410.91 35,369.353 6,345.96 7,195.43 13,541.39 41,677.22 7,764.48 7,195.43 14,959.92 50,329.264 5,592.38 7,195.43 12,787.82 54,465.04 6,015.87 7,195.43 13,211.30 63,540.565 5,157.20 7,195.43 12,352.63 66,817.67 4,740.46 7,195.43 11,935.90 75,476.466 4,645.06 7,195.43 11,840.49 78,658.16 3,791.28 7,195.43 10,986.71 86,463.187 4,474.21 7,195.43 11,669.65 90,327.81 3,071.74 7,195.43 10,267.17 96,730.358 4,308.11 7,195.43 11,503.54 101,831.35 2,517.08 7,195.43 9,712.51 106,442.869 4,241.73 7,195.43 11,437.17 113,268.52 2,083.06 7,195.43 9,278.50 115,721.3610 4,200.25 7,195.43 11,395.68 124,664.20 1,738.91 7,195.43 8,934.34 124,655.70

Balance 11,673.01 204,961.42 216,634.43 216,634.43 11,681.51 204,961.42 216,642.93 216,642.93

TOTAL 64,402.59 276,896.04 341,298.63 64,402.59 276,896.04 341,298.63



0

10,000

20,000

1 2 3 4 5 6 7 8 9 10


P.C.M.

0

50,000

100,000

150,000

1 2 3 4 5 6 7 8 9 10


P.C.M.



UNIT 403

YEAR


1 7,538.32 8,129.48 15,667.80 15,667.80 13,065.64 8,129.48 21,195.12 21,195.122 8,810.39 8,151.81 16,962.20 32,630.00 12,199.84 8,151.81 20,351.65 41,546.763 7,584.93 8,151.81 15,736.74 48,366.74 9,319.30 8,151.81 17,471.11 59,017.874 6,744.02 8,151.81 14,895.83 63,262.56 7,253.67 8,151.81 15,405.48 74,423.355 6,265.09 8,151.81 14,416.90 77,679.46 5,738.97 8,151.81 13,890.78 88,314.146 5,652.82 8,151.81 13,804.63 91,484.10 4,605.85 8,151.81 12,757.66 101,071.807 5,464.64 8,151.81 13,616.45 105,100.54 3,742.76 8,151.81 11,894.57 112,966.378 5,269.71 8,151.81 13,421.52 118,522.07 3,074.62 8,151.81 11,226.43 124,192.809 5,196.67 8,151.81 13,348.48 131,870.55 2,549.89 8,151.81 10,701.70 134,894.5010 5,151.02 8,151.81 13,302.83 145,173.37 2,132.52 8,151.81 10,284.33 145,178.83

Balance 14,500.15 232,203.75 246,703.90 246,703.90 14,494.70 232,203.75 246,698.45 246,698.45

TOTAL 78,177.76 313,699.51 391,877.28 78,177.76 313,699.51 391,877.28



0

10,000

20,000

1 2 3 4 5 6 7 8 9 10


P.C.M.

0

50,000

100,000

150,000

1 2 3 4 5 6 7 8 9 10


P.C.M.



UNIT 404

YEAR


1 7,524.90 9,379.23 16,904.13 16,904.13 13,138.12 9,379.23 22,517.35 22,517.352 8,735.12 9,405.00 18,140.12 35,044.25 12,172.50 9,405.00 21,577.50 44,094.853 7,570.19 9,405.00 16,975.19 52,019.44 9,320.87 9,405.00 18,725.87 62,820.724 6,768.44 9,405.00 16,173.44 68,192.89 7,267.65 9,405.00 16,672.65 79,493.375 6,313.17 9,405.00 15,718.17 83,911.05 5,756.46 9,405.00 15,161.46 94,654.846 5,721.27 9,405.00 15,126.27 99,037.32 4,622.33 9,405.00 14,027.33 108,682.177 5,542.34 9,405.00 14,947.34 113,984.67 3,756.22 9,405.00 13,161.22 121,843.398 5,354.58 9,405.00 14,759.58 128,744.25 3,084.40 9,405.00 12,489.40 134,332.799 5,285.15 9,405.00 14,690.15 143,434.40 2,556.06 9,405.00 11,961.06 146,293.8510 5,241.75 9,405.00 14,646.75 158,081.15 2,135.49 9,405.00 11,540.49 157,834.34

Balance 14,120.07 267,900.78 282,020.85 282,020.85 14,366.88 267,900.78 282,267.66 282,267.66

TOTAL 78,176.99 361,925.02 440,102.00 78,176.99 361,925.02 440,102.00



0

10,000

20,000

1 2 3 4 5 6 7 8 9 10


P.C.M.

0

50,000

100,000

150,000

1 2 3 4 5 6 7 8 9 10


P.C.M.



UNIT 405

YEAR


1 7,250.92 8,078.69 15,329.62 15,329.62 12,560.49 8,078.69 20,639.18 20,639.182 8,478.86 8,100.89 16,579.75 31,909.36 11,735.06 8,100.89 19,835.94 40,475.123 7,295.84 8,100.89 15,396.73 47,306.09 8,962.73 8,100.89 17,063.62 57,538.744 6,484.05 8,100.89 14,584.94 61,891.03 6,975.41 8,100.89 15,076.29 72,615.035 6,021.72 8,100.89 14,122.60 76,013.63 5,518.57 8,100.89 13,619.46 86,234.496 5,430.65 8,100.89 13,531.54 89,545.17 4,429.02 8,100.89 12,529.91 98,764.417 5,248.98 8,100.89 13,349.87 102,895.04 3,599.29 8,100.89 11,700.17 110,464.588 5,060.81 8,100.89 13,161.70 116,056.74 2,957.06 8,100.89 11,057.94 121,522.529 4,990.30 8,100.89 13,091.18 129,147.92 2,452.72 8,100.89 10,553.60 132,076.1310 4,946.23 8,100.89 13,047.11 142,195.04 2,051.57 8,100.89 10,152.46 142,228.59

Balance 13,997.89 230,753.22 244,751.11 244,751.11 13,964.34 230,753.22 244,717.56 244,717.56

TOTAL 75,206.25 311,739.90 386,946.15 75,206.25 311,739.90 386,946.15



0

10,000

20,000

1 2 3 4 5 6 7 8 9 10


P.C.M.

0

50,000

100,000

150,000

1 2 3 4 5 6 7 8 9 10


P.C.M.



UNIT 501

YEAR


1 6,424.41 7,231.60 13,656.01 13,656.01 11,008.86 7,231.60 18,240.45 18,240.452 7,586.99 7,251.46 14,838.45 28,494.46 10,406.77 7,251.46 17,658.23 35,898.693 6,465.76 7,251.46 13,717.22 42,211.68 7,916.25 7,251.46 15,167.71 51,066.404 5,704.90 7,251.46 12,956.37 55,168.05 6,138.43 7,251.46 13,389.90 64,456.305 5,266.74 7,251.46 12,518.20 67,686.25 4,840.86 7,251.46 12,092.32 76,548.626 4,742.19 7,251.46 11,993.66 79,679.91 3,874.49 7,251.46 11,125.95 87,674.577 4,570.15 7,251.46 11,821.61 91,501.52 3,141.40 7,251.46 10,392.86 98,067.448 4,400.69 7,251.46 11,652.16 103,153.68 2,575.91 7,251.46 9,827.37 107,894.819 4,333.86 7,251.46 11,585.32 114,739.01 2,133.13 7,251.46 9,384.59 117,279.4010 4,292.09 7,251.46 11,543.56 126,282.56 1,781.81 7,251.46 9,033.27 126,312.68

Balance 12,055.22 206,557.45 218,612.67 218,612.67 12,025.10 206,557.45 218,582.56 218,582.56

TOTAL 65,843.01 279,052.23 344,895.23 65,843.01 279,052.23 344,895.23



0

10,000

20,000

1 2 3 4 5 6 7 8 9 10


P.C.M.

0

50,000

100,000

150,000

1 2 3 4 5 6 7 8 9 10


P.C.M.



UNIT 502

YEAR


1 6,442.41 7,130.03 13,572.45 13,572.45 11,024.86 7,130.03 18,154.89 18,154.892 7,617.48 7,149.62 14,767.10 28,339.55 10,436.68 7,149.62 17,586.29 35,741.193 6,484.07 7,149.62 13,633.68 41,973.23 7,935.73 7,149.62 15,085.34 50,826.534 5,714.94 7,149.62 12,864.56 54,837.79 6,151.90 7,149.62 13,301.52 64,128.055 5,272.01 7,149.62 12,421.63 67,259.43 4,850.87 7,149.62 12,000.49 76,128.546 4,741.77 7,149.62 11,891.39 79,150.81 3,882.52 7,149.62 11,032.14 87,160.687 4,567.85 7,149.62 11,717.47 90,868.29 3,148.28 7,149.62 10,297.90 97,458.588 4,396.55 7,149.62 11,546.17 102,414.46 2,582.09 7,149.62 9,731.71 107,190.299 4,329.00 7,149.62 11,478.62 113,893.07 2,138.86 7,149.62 9,288.48 116,478.7710 4,286.77 7,149.62 11,436.39 125,329.47 1,787.22 7,149.62 8,936.84 125,415.61

Balance 12,186.11 203,656.40 215,842.51 215,842.51 12,099.97 203,656.40 215,756.37 215,756.37

TOTAL 66,038.98 275,133.00 341,171.98 66,038.98 275,133.00 341,171.98



0

10,000

20,000

1 2 3 4 5 6 7 8 9 10


P.C.M.

0

50,000

100,000

150,000

1 2 3 4 5 6 7 8 9 10


P.C.M.



UNIT 503

YEAR


1 7,634.73 8,147.06 15,781.80 15,781.80 13,238.80 8,147.06 21,385.87 21,385.872 8,919.29 8,169.44 17,088.74 32,870.53 12,354.65 8,169.44 20,524.10 41,909.973 7,681.86 8,169.44 15,851.30 48,721.84 9,440.41 8,169.44 17,609.85 59,519.824 6,830.52 8,169.44 14,999.97 63,721.81 7,351.15 8,169.44 15,520.60 75,040.425 6,346.91 8,169.44 14,516.36 78,238.16 5,819.26 8,169.44 13,988.70 89,029.126 5,719.48 8,169.44 13,888.92 92,127.08 4,673.22 8,169.44 12,842.66 101,871.787 5,529.42 8,169.44 13,698.86 105,825.95 3,800.14 8,169.44 11,969.58 113,841.368 5,330.30 8,169.44 13,499.74 119,325.69 3,124.09 8,169.44 11,293.53 125,134.899 5,256.54 8,169.44 13,425.99 132,751.68 2,592.95 8,169.44 10,762.40 135,897.2910 5,210.44 8,169.44 13,379.89 146,131.56 2,170.30 8,169.44 10,339.75 146,237.04

Balance 14,953.71 232,706.08 247,659.79 247,659.79 14,848.23 232,706.08 247,554.31 247,554.31

TOTAL 79,413.21 314,378.14 393,791.35 79,413.21 314,378.14 393,791.35



0

10,000

20,000

1 2 3 4 5 6 7 8 9 10


P.C.M.

0

50,000

100,000

150,000

1 2 3 4 5 6 7 8 9 10


P.C.M.



UNIT 504

YEAR


1 7,619.50 9,394.31 17,013.81 17,013.81 13,307.46 9,394.31 22,701.77 22,701.772 8,842.34 9,420.12 18,262.45 35,276.26 12,324.59 9,420.12 21,744.71 44,446.473 7,665.30 9,420.12 17,085.42 52,361.68 9,439.46 9,420.12 18,859.58 63,306.054 6,853.46 9,420.12 16,273.58 68,635.26 7,362.63 9,420.12 16,782.74 80,088.795 6,393.45 9,420.12 15,813.57 84,448.82 5,834.20 9,420.12 15,254.31 95,343.106 5,788.02 9,420.12 15,208.13 99,656.96 4,687.11 9,420.12 14,107.22 109,450.337 5,607.20 9,420.12 15,027.32 114,684.28 3,810.99 9,420.12 13,231.10 122,681.438 5,415.65 9,420.12 14,835.77 129,520.05 3,131.28 9,420.12 12,551.39 135,232.829 5,345.50 9,420.12 14,765.61 144,285.66 2,596.58 9,420.12 12,016.70 147,249.5210 5,301.65 9,420.12 14,721.77 159,007.42 2,170.80 9,420.12 11,590.91 158,840.43

Balance 14,517.51 268,331.35 282,848.86 282,848.86 14,684.50 268,331.35 283,015.85 283,015.85

TOTAL 79,349.58 362,506.70 441,856.28 79,349.58 362,506.70 441,856.28



0

10,000

20,000

1 2 3 4 5 6 7 8 9 10


P.C.M.

0

50,000

100,000

150,000

1 2 3 4 5 6 7 8 9 10


P.C.M.



UNIT 505

YEAR


1 7,311.75 8,623.57 15,935.32 15,935.32 12,671.75 8,623.57 21,295.32 21,295.322 8,546.31 8,647.27 17,193.58 33,128.90 11,832.33 8,647.27 20,479.59 41,774.913 7,356.97 8,647.27 16,004.23 49,133.14 9,039.77 8,647.27 17,687.04 59,461.954 6,538.72 8,647.27 15,185.98 64,319.12 7,038.46 8,647.27 15,685.73 75,147.685 6,073.90 8,647.27 14,721.17 79,040.29 5,571.50 8,647.27 14,218.77 89,366.456 5,470.85 8,647.27 14,118.11 93,158.40 4,474.32 8,647.27 13,121.58 102,488.037 5,288.17 8,647.27 13,935.44 107,093.84 3,638.63 8,647.27 12,285.90 114,773.938 5,096.79 8,647.27 13,744.06 120,837.90 2,991.62 8,647.27 11,638.88 126,412.819 5,025.90 8,647.27 13,673.17 134,511.06 2,483.34 8,647.27 11,130.60 137,543.4110 4,981.59 8,647.27 13,628.86 148,139.93 2,078.88 8,647.27 10,726.15 148,269.56

Balance 14,372.52 246,316.77 260,689.29 260,689.29 14,242.89 246,316.77 260,559.66 260,559.66

TOTAL 76,063.48 332,765.74 408,829.22 76,063.48 332,765.74 408,829.22



0

10,000

20,000

1 2 3 4 5 6 7 8 9 10


P.C.M.

0

50,000

100,000

150,000

1 2 3 4 5 6 7 8 9 10


P.C.M.


88 The Courier-Mail Friday, August 12, 2011 couriermail.com.au FRST

88 PRIME SITE

LEASESMaroochydoreWATERGURUS Australia hassecured a stand-alone industrialwarehouse at 7 Neumann Courton a three-year lease. In thedeal struck by Jason O’Meara,the company will pay $82,000 ayear for the 708sq m property atKunda Park industrial estate.Savills Australia

NorthgateMOTORING giant Ford Aus-tralia has secured a three-yearlease with a three-year optionon a modern 285sq m office/warehouse at 1/24 Allworth St.Steve Black, who negotiated thedeal, said the premises would beused as a training facility. Fordwill pay about $40,000 a year.Ray White Commercial

GeebungELLAWAYS Music Educationhas moved into an office/ware-house at C4/194 Zillmere Rd ona one-year lease with a two-year option. In the deal nego-tiated by Nick Whinnett, thecompany will pay $39,550 ayear for the 350sq m facility.Raine & Horne Commercial

WoolloongabbaRIDE Inside has secured a one-year lease on an office/fitnessstudio at 8 Deshon St. Thecompany will pay $12,000 grossa year for the 60sq m space.Ryan Mitchell and Jim Wicksdid the deal.First Commercial

BowenHillsAN IT company which focuseson healthcare professionals hasrelocated to an office at 2/46Campbell St on a three-yearlease with a three-year option.In the deal, which was nego-tiated by Jane Turnbull,Mobilecomputing.net.au willpay $46,000 a year for the210sq m office.King & Co

HendraNMT Shipping has secured aone-year lease on an office at7B/191 Hedley Ave. The inter-national company, which willuse the 132sq m A-gradeground floor office for its Aust-ralian headquarters, will pay$24,000 a year gross. SamByrne did the deal.Wright Property

Indooroopilly hangs itsfuture on the high lifeChris Herde

HIGH RISE: Ben Slack, of development consultant Urbis, is confident of the suburb’s future. Picture: David Kapernick

KNOWN as the western gate-way to Brisbane, one of thecorridor’s oldest suburbs isabout to get a new lease of life.Indooroopilly has become a

development hotspot with aproposed $300 million-plus ex-tension of the 40-year-oldIndooroopilly Shopping Centrejust one of a raft of develop-ment projects either on thedrawing board or started.With the draft Indooroopilly

Neighbourhood Plan to beexhibited for public consul-tation on Monday, develop-ment in the suburb is set to gainmomentum.

Ben Slack, the Queenslandplanning director for develop-ment consultant Urbis, saidwhile location and transport hasset Indooroopilly apart fromother suburbs, importantly,there also appeared to be ageneral acceptance in the com-munity of higher density living.

‘‘When the Brisbane CityCouncil did its CityShape(2026) work which was theforerunner to its current stra-tegic plan, they asked the peo-ple in the area what theythought of density changes andchanges in terms of develop-ment,’’ he said.‘‘Indooroopilly came up as

being the area where the com-munity actually accepts ahigher amount of density anddevelopment change.‘‘It’s actually a demographic

thing. You have a lot of peoplein the western affluent suburbswho are reaching that 50-plusage group and want to stay inthe area and are looking to get asmaller dwelling while beingclose to the right amenities.’’The draft neighbourhood

plan focuses on developmentaround the railway station and

Indooroopilly Shopping Centre,which has plans to add27,000sq m of new retailingspace, parking and a plaza.A couple of the projects

earmarked near the shoppingcentre and railway stationinclude:• a $120 million mixed-use

project on the former El Dor-ado cinema site on Coonan St• a proposed $50 million

residential tower for Station RdAlso, in the last couple of

months, the Indooroopilly Ho-

tel, which has potential for a15-level redevelopment, wenton the market, and a KFC siteon Stamford Rd was sold to aChinese investor as a long-termdevelopment site for $3.6 mil-lion.BCC neighbourhood plan-

ning and development assess-ment committee chairwomanAmanda Cooper said Indooroo-pilly has been earmarked by theState Government as an areaexpected to grow significantlyover the next 20 years.

‘‘This includes allowingbuildings of up to 15 storeys incentral Indooroopilly and up to20 storeys above the Indooroo-pilly Shopping Centre,’’ shesaid.‘‘The draft plan will also look

to protect character propertiesthrough enhanced characterprotection in Jackson St and acommercial character precincton part of Moggill Rd."An al fresco dining precinct is

also proposed as part of thedraft plan, as are a number of

road, pedestrian and cyclewayimprovements. ‘‘Station Rd andLambert Rd will be transformedinto a traffic-calmed commer-cial and residential precinctwhich has the potential tobecome one of Brisbane’s prem-ier outdoor dining and boutiqueretail areas," Cr Cooper said.‘‘A major intersection

upgrade at the former DenmacFord roundabout site and otherroad improvements alongMoggill Rd and Coonan St willalso be undertaken."

Primary producers group purchaseTownsville industrial propertyAGROUP of north Queenslandprimary producers has snapped up alarge industrial property in Townsvillefor $3.7 million.The high-exposure 5411sq m site at 715

InghamRd,Mount St John, has twomodern tilt-up showroomwarehouseswith long-term leases to Gleeman Truck

Parts and Boltmasters. The current netrental income is $293,230 a year,providing a yield of about 8 per cent.RayWhite Commercial Townsville’s

Graeme Russell said the new ownerswere fromMareeba.He said it showed passive investors

such as primary producers, who had

been largely absent from thecommercial market since the globalfinancial crisis, were back and buyingonce more.‘‘This is a positive sign for the market

place,’’ Mr Russell said.‘‘We have been busy since Easter and

leasing is strong. It’s encouraging.’’

Mr Russell said the showrooms werebuilt to a high standard and includedcorbels and rails allowing for 10-tonnegantry cranes.The property also provided attractive

depreciation benefits, effectivelyboosting yields that will accrue to theowners over time.

Proudly sponsored by:

The lastest on the semi-fi nalsThe Courier-Mail Spelling Bee Semi-Finals will be conducted online from August 1-31.

To participate in the semi-fi nals your school will be required to nominate 5 students in each of

the 3 age categories (Grades 1-3, Grades 4-7, Grades 8-12)

All semi-fi nals are conducted online, under teacher supervision during schools hours

(8.00am – 3.30pm Monday to Friday) by August 31.

Register via the SCHOOLS section on The Courier-Mail Spelling Bee website couriermail.com.au/spellingbeeSchools will need to use the school login and password to register their fi nalists.

location map

riverbend tower30 riverview terrace indooroopilly qld 4068in-

Disclaimer The information contained in the information memorandum was supplied by the owners. Prospective purchasers are strictly advised to make

their own enquiries.

belleproperty.com

belle property toowong

55 sherwood road toowong qld 4066

ph: 07 3120 2350 fax: 07 3120 2399

contact rashmi mangar 0418 783 696

[email protected]

for sale by expressions of interest closing 31st october, 2011

riverbend tower im

Documents

ct50817522 lot

ct50817521 lot

level building

residential apartments

quarter rents

cent increase

rentals of quality apartments

choice of level