 Asset Class: | Retail |
 Price: | $ 56568568 |
 Net Yield: | 6.00 % |
Net Yield - including solar strategy: | % |
 Property Market Status: | Pre Market |
<p>Presenting a premium retail tenanted investment opportunity strategically positioned at the gateway of Ormeau on the eastern side of the M1 motorway. This well-established retail centre features 10 shop fronts and is currently delivering a reliable income stream of $445,005.95 per annum.</p> <p>The property comprises a purpose-built retail facility located just 250 metres from the M1 motorway, providing exceptional exposure to passing traffic. Anchored by a childcare centre leased until 2035, the complex benefits from strong surrounding amenities including Coles Ormeau Village which is just a stone's throw away.</p> <p>Situated on a generous 3,210 sqm land parcel with multiple titles and a prime corner position (UCV $850,000), this investment offers significant flexibility. The retail portion features 10 shops with 8 currently leased to 7 tenants across multiple tenancies. A rental guarantee will be provided for the single vacancy (2 shop fronts) currently available.</p> <p>The complex is particularly attractive for its adaptability, with tenancies that can easily be increased or decreased in size. Currently offering 551 sqm of Net Lettable Area with individual shops ranging from 51 sqm to 122 sqm, the centre provides excellent configuration options for investors.</p> <p>A body corporate structure exists with different entities under the same directorship, presenting the opportunity to purchase the freehold with the adjoining childcare tenant. As of November 2022, the total rent across both components was $742,005.95, presenting a compelling investment proposition with strong growth potential.</p>
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<p>Ormeau is a thriving suburb in the <strong>Gold Coast hinterland</strong>, strategically located between Brisbane and the Gold Coast. Positioned approximately <strong>42 km from central Brisbane</strong> and <strong>30 km north of Southport</strong>, it offers excellent connectivity while maintaining its community atmosphere.</p> <p>The suburb has transformed significantly since its early days as a sugar plantation in 1871, evolving from a rural agricultural region to an increasingly residential area with strong population growth. As of the 2016 census, Ormeau had a population of <strong>14,460 residents</strong>.</p> <p>The subject property benefits from its strategic position on the eastern side of the M1 motorway, providing excellent visibility and accessibility. The area has seen substantial development since the 1990s, particularly following the establishment of the new Ormeau railway station in 1996, which connects residents to both Brisbane and the Gold Coast.</p> <p>Local amenities include the nearby Coles Ormeau Village, with the subject property perfectly positioned to service the surrounding residential neighborhoods. The area continues to develop, with the neighborhood center zoning supporting a mix of retail, professional services, and community facilities that cater to local residents.</p>
Additional Location Information File<p>The retail complex hosts a diverse mix of <strong>7 established tenants</strong> across 8 of the 10 available shops, with a rental guarantee provided for the current vacancy (2 shop fronts).</p> <p>Key tenancies include:</p> <ul><li><strong>Thai River Kwan Pty Ltd</strong> (Units 1-2): Occupying 109 sqm since July 2017 with lease expiry in July 2027 plus 5+5 year options.</li><li><strong>Warehouse Tavern P/L</strong> (Units 9-10): The largest tenant occupying 122 sqm since May 2012 with lease expiry in June 2023 plus 5+3+3 year options.</li><li><strong>Wanatra Pty Ltd</strong> (Unit 8): Tenancy since December 2012 with lease expiry in December 2027 plus 5+5 year options.</li><li><strong>Fancy World Industries</strong> (Unit 7): Operating since March 2013 with lease expiry in July 2024 plus 5+5 year options.</li><li><strong>JMG Realty</strong> (Unit 6): Established since August 2022 with lease expiry in August 2027 plus 1+2 year options.</li><li><strong>Tobacconist</strong> (Unit 5): Trading since August 2022 with lease expiry in August 2027 plus 5+5 year options.</li></ul> <p>The adjoining childcare centre, which anchors the complex, is secured on a lease until 2035, providing excellent long-term stability to the overall precinct. The combination of established businesses with staggered lease expiry dates and renewal options creates a balanced tenancy profile with consistent income streams.</p>
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<p>The retail complex currently generates a <strong>net income of $445,005.95</strong> as of November 2022, with potential for higher returns through rental increases.</p> <p>The property features 10 shops across a net lettable area of <strong>551 sqm</strong>, with individual shop sizes ranging from 51 sqm to 122 sqm. Current tenancies include:</p> <ul><li>Thai River Kwan Pty Ltd: $95,920 p.a. (109 sqm)</li><li>Tobacconist: $44,880 p.a. (49.6 sqm)</li><li>JMG Realty: $44,880 p.a. (51 sqm)</li><li>Fancy World Industries: $47,590.44 p.a. (51 sqm)</li><li>Wanatra Pty Ltd: $53,551.69 p.a. (49.3 sqm)</li><li>Warehouse Tavern P/L: $97,084.42 p.a. (122 sqm)</li></ul> <p>Most tenancies include <strong>5+ year options</strong>, ensuring long-term income security. Annual reviews typically follow CPI or fixed percentage increases, with the largest tenant (Warehouse Tavern) on a 4% annual increase.</p> <p>Outgoings are recoverable from tenants (except land tax) with estimated budgets ranging from <strong>$65,000-$85,000</strong>. The property presents an attractive investment with the option to acquire either the retail strip alone or the entire freehold including the adjoining childcare tenant, which would bring the total rent to <strong>$742,005.95</strong>.</p>
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<ul><li>Prime corner position at the gateway to Ormeau with exceptional visibility</li><li>Strong annual income of $445,005.95 with potential for increases</li><li>10 retail shops with 8 currently leased to established tenants</li><li>Rental guarantee provided for the single vacancy (2 shop fronts)</li><li>Anchored by adjoining childcare centre leased until 2035</li><li>Versatile tenancy configurations that can be easily modified</li><li>Excellent accessibility just 250m from the M1 motorway</li><li>Multiple titles on a generous 3,210 sqm land parcel</li><li>Convenient customer parking with both rear and front street options</li><li>Outgoings recoverable from tenants (except land tax)</li><li>Equal body corporate voting rights</li><li>Option to acquire entire freehold or just the retail strip</li><li>Zoned as Neighbourhood Centre under Gold Coast City Council</li><li>Strategic location just a stone's throw from Coles Ormeau Village</li><li>Purpose-built retail facility with flexible shop sizes ranging from 49 sqm to 122 sqm</li></ul>
