Mixed Use Investment | $3,025,000 | Net Yield: 5.95% | Northgate, QLD

This brand-new Northgate mixed use investment presents an opportunity to secure a newly constructed A-grade corporate office and industrial asset, underpinned by a long-term lease to global healthcare technology company Topcon Healthcare. Completed in 2025, the property combines secure net income, strong contractual rental growth and significant depreciation benefits within an established inner-Brisbane commercial precinct.

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The property generates $180,000 in net income per annum under a 5 + 5-year lease commencing 1 June 2026, providing up to 10 years of potential income security. Annual rent reviews are structured at the greater of 4% or CPI, providing a guaranteed minimum level of rental growth while allowing investors to capture inflationary upside where CPI exceeds the fixed increase.

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Over the initial five-year lease term, the minimum 4% annual increases equate to approximately 21.7% cumulative rental growth, providing a clear pathway for increasing income throughout the holding period. The lease is structured on a net basis, with property outgoings recoverable from the tenant.

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The asset comprises approximately 486 square metres of modern corporate office and industrial accommodation within a strata-titled commercial complex. Completed in 2025 by established commercial developer and builder Deluca, the property features contemporary A-grade construction, high-quality finishes, 10 onsite car parks and NBN Fibre to the Premises connectivity.

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As a newly constructed asset, the property also offers significant depreciation benefits through eligible building and plant and equipment deductions. The new-build nature of the property is expected to minimise capital expenditure requirements during the initial holding period, supporting the overall investment proposition and potential after-tax returns.

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Topcon Healthcare operates within the global healthcare technology sector and forms part of multinational Topcon Corporation, headquartered in Japan. The broader organisation has an established international presence across medical, surveying and positioning technology markets, providing strong corporate backing to the tenancy.

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Northgate is an established commercial and residential precinct approximately 9 kilometres north of the Brisbane CBD. The property benefits from excellent road and public transport connectivity, including frontage to a major arterial carrying more than 40,000 vehicles per day and proximity to Northgate train station and multiple bus routes.

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The broader Brisbane market continues to benefit from sustained population and economic growth, supporting long-term demand for well-connected commercial accommodation. Northgate's proximity to the CBD, transport infrastructure and established surrounding commercial activity positions the asset to benefit from this continued growth.

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At a purchase price of $3,025,000, the investment delivers a 5.95% net yield and $180,000 in annual net income. Combined with minimum 4% annual rental increases, a long-term lease structure and the depreciation advantages associated with a brand-new building, the property provides both immediate income and embedded income growth.

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With an A-grade 2025 construction, multinational corporate tenant, up to 10 years of potential lease tenure, strong contractual rental growth and significant depreciation benefits, this acquisition reflects the calibre of commercial property opportunities Rethink Investing continues to secure for clients across Australia.

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