 Asset Class: | Industrial |
 Price: | $ 22400000 |
 Net Yield: | 6.25 % |
Net Yield - including solar strategy: | % |
 Property Market Status: | Off Market |
This is a once-in-a-lifetime opportunity to acquire the premium industrial centre located in <span style="color:rgb(51, 51, 51);">tightly held </span>Coolum Eco Park estate which is the Sunshine Coast’s second largest industrial estate. <br><br>The warehouse area is constructed from concrete panels with an internal clearance of approximately 9 metres*. The layout comprises eight compartments with access between each compartment via 6 metre* wide cut outs with rapid response fire doors allowing each compartment to be sealed off. Access to the warehouse is available on all four sides of the building via 24 roller doors which are 4.86 metres* wide. Each compartment has its own amenities with five of the eight compartments also accommodating small mezzanine office areas.<br><br>A 12.5 metre* wide awning attached to the western side of the building provides all weather loading and the ability for drive around access for larger vehicles. The main office area is a feature of the property and sits on the corner of Research Street and Quanda Road. Constructed from a combination of concrete panels and glass shop fronts, this freestanding, two level building provides a number of design features including a large void area in the second level which provides an impressive reception area showcasing the buildings 7 metre* height. It also provides for pedestrian access to the warehouse via a covered bridge on the second floor.<br><br>The site is fully fenced with 1.8m high black chain wire fencing to the northern and western boundaries and 1.8 metre* high black Palisade Fencing to the Eastern and Southern boundaries. There are a total of 99 car<br>parks* with an additional 47 motorcycle car parks*.<br><br>This industrial property is secured with a brand new 7-year net lease with further 2 x 7-year options extending the lease to 2045 with QuikCorp - <span style="color:rgb(51, 51, 51);">Sunshine Coast success story that commenced operations in the 1990’s</span><br><span style="color:rgb(51, 51, 51);">and has grown into Australia’s largest builder of customised, fit for purpose vehicle builds including emergency service vehicles, spraying technologies and mining related uses.</span><br> <br><span style="color:rgb(0, 0, 0);">This property represents an exceptional buying opportunity. </span>Don't miss the chance to capitalise on this fantastic opportunity to purchase a tenanted investment in a fully developed area with minimal option ever available.
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Combined with the adjoining Centra Park estate, the Coolum industrial precinct comprises approximately 170 hectares* of industrial land with over 200 individual lots in the precinct making it one of the largest industrial hubs on the Sunshine Coast.<br><br>Coolum is a 15 minute* drive from Maroochydore’s CBD (via the Sunshine Motorway) and 20 minutes* from Hastings Street, Noosa Heads. Geographically, Coolum is centrally positioned to all major centres and destinations<br>on the Sunshine Coast.<br><br>Apart from Quik Corp, other major occupiers within the estate include Weir Minerals, Zone RV, Direct Freight Express, Coates Hire, Humes Doors, Salt Air Modular Homes, Ozzy Cranes, Sunshine Mitre 10, National Storage and Parmalat. <br><br>Coolum has established itself as the major industrial hub for the northern region of the Sunshine Coast. Its proximity to the recently upgraded Sunshine Coast Airport has further enhanced its appeal with demand from owner occupiers and tenants increasing significantly over the past 18 months. <br><br>One of the key benefits of Coolum for industrial operations is its close proximity to the Coolum township, as well as its proximity to the Sunshine Motorway which offers easy access north and south throughout the coast.
Additional Location Information File<span style="color:rgb(31, 31, 31);font-weight:normal;">Quik Corp</span><br><a style="color:rgb(44, 123, 208);display:inline;" target="_blank" href="https://quikcorp.com.au/"><u>QuikCorp – Australia's Leading Engineering, Spray Solutions and Fire Vehicle Manufacturer</u></a><br><br><span style="color:rgb(0, 0, 0);">Australia’s largest builder of emergency vehicles, customer service bodies for numerous industries and an innovator in spray and customised equipment for the treatment of noxious weeds for Government departments, contractors and farmers domestically as well as the United States, Canada and New Zealand. </span>
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Additional Financial Information FileInitial Term:
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Subject Property: $148 Per Sqm 29 Hi Tech Drive, Kunda Park Building: 378m2 Land: 787m2 $57,000 net $150/m2 Oct 2023 Older style metal clad facility. Inferior 1 Palmetto Street (Cnr Kikuyu Rd), Chevallum Building: 1202m2 Land: 2,057m2 $204,340 net $170/m2 March 2024 Brand new warehouse under construction at present. Comparable 21 Service Street, Kuluin Building: 839m2 Land: 1,420m2 $146,825 net $175/m2 May 2024 Brand new office and warehouse in central location. Comparable 8 Technology Drive, Warana Building: 734m2 Land: 1,228m2 $117,440 net $160/m2 July 2023 Modern tilt panel office and warehouse.
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<ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">7-year WALE returning $1,400,000 per annum net*</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Well established, high growth industrial precinct within the Sunshine Coast</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">A highly functional, near new concrete tilt panel building on a corner site</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Secured by a well established, innovative manufacturer that services government departments nationally and internationally</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Site Area: 16,170 m2 (4 acres)</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">9,433 m2 plus 1,464 m2 owning </span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">High Impact Industry Zoned Land - 24/7 approved</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Located in the Coolum Eco Park estate which is the </span><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Sunshine Coast’s second largest industrial estate</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">. It’s situated 12 kilometres* west of the Bruce Highway and just 2 kilometres* from the Sunshine Motorway providing efficient access to the fast growing Sunshine Coast residential and commercial sectors</span></p></li></ul><br>Other features of the property include:<br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">On-site 1200kva transformer providing significant power supply to the property.</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Electric Vehicle charging stations</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">External Undercover lunch area</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Airlines throughout the building</span></p></li></ul>
