 Asset Class: | Show Room |
 Price: | $ 7200000 |
 Net Yield: | 5.50 % |
Net Yield - including solar strategy: | % |
 Property Market Status: | On Market |
<span style="color:rgb(51, 63, 72);">This exceptional investment opportunity in the heart of North Lakes (the epicentre of Brisbane's northern growth corridor) is fully leased to national tenant, Sydney Tools, on a secure lease with options till 2035.</span><br><br><span style="color:rgb(51, 63, 72);">The opportunity with this property is the outstanding underlying fundamentals of the property (see key highlights). The property is significantly under rented, and is estimated to be worth more without the current lease in place.</span>
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Is this property in a flood zone?
Is this lease a leaseback arrangement?
The property is located in the premium industrial/office/retail area of North Lakes, approximately 35 km north of the Brisbane CBD.<br><br>North Lakes is a northern suburb of Brisbane, located in the Moreton Bay Regional Council of Queensland (approx. 35km north of Brisbane<br>CBD), is a rapidly growing suburban hub with strong economic drivers and attractive commercial real estate prospects.<br><br>The area benefits from a diverse economic base, with key sectors including retail, industrial, healthcare, education, and professional services. Significant population growth has fuelled demand for residential and commercial development, making it a key area for investment. Employment opportunities are robust, supported by major employers such as Costco, IKEA, Bunnings and the Westfield North Lakes Shopping Centre, which serve as anchor tenants driving foot traffic and economic activity.<br><br>Additionally, ongoing development projects, such as the North Lakes Health Precinct and various mixed-use developments, continue to enhance the area’s infrastructure and appeal. These factors collectively position North Lakes as a prime location for commercial real estate investment, offering strong potential for long-term returns.<br><br><b>The northern corridor is expected to accommodate 24% of the projected population growth in SEQ by 2031. By this time the MBRC and Sunshine Coast Regional Council area will have a combined population of over 1,000,000 people. Currently approximayely 500,000 people.</b><br><br><b>Population snapshots:</b><br><br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Greater Brisbane population is 2,800,000* at June 2023</span></p></li></ul><br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">SEQ’s population is 4,000,000*.</span></p></li></ul><br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">SEQ’s population will increase to 6,000,000* by 2046.</span></p></li></ul>
Additional Location Information File<b><u>Sydney Tools (National Tenant)</u></b><br><br>Founded in 2001, Sydney Tools has grown to become Australia’s premier tool specialist operating a chain of over 110 retail stores and employs over 1,000 staff across Australia, and is administered by its head office in Roselands, New South Wales.<br><br><a style="color:rgb(51, 51, 51);display:inline;" target="_blank" href="https://sydneytools.com.au/p/about-us"><u>https://sydneytools.com.au/p/about-us</u></a><span></span>
Initial Term:
Security:
Bank Guarantee: 3 months rent plus GST
Security Info:
Bank Guarantee: 3 months rent plus GST
Please refer to the estimated financials attached.
Additional Financial Information FileInitial Term:
Security:
Bank Guarantee: 3 months rent plus GST
Security Info:
Bank Guarantee: 3 months rent plus GST
Subject Property: 1 Burke Cres, North Lakes (Sydney Tools) - 1,910 sqm - $240/sqm gross p.a. + GST 61 Kingston Rd, Woodridge (Total Tools) - 1,880 sqm - $344/sqm gross p.a. + GST 757 Deception Bay Rd, Rothwell (BCF) - 1,152 sqm - $332/sqm gross p.a. + GST 757 Deception Bay Rd, Rothwell (Super Cheap Auto) - 839 sqm - $332/sqm gross p.a. + GST 265 Morayfield Road, Morayfield (Total Tools) - 1,500 sqm - $316/sqm gross p.a. + GST 265 Morayfield Road, Morayfield (RSEA) - 1,000 sqm - $300/sqm gross p.a. + GST Subject to valuation and further due diligence.
Offer To Purchase:
$
Initial Deposit:
$
Due Diligence:
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Finance:
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Settlement:
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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, 63, 72);font-weight:normal;font-style:normal;">An outstanding Large Format Retail property, fully leased to a national tenant (Sydney Tools), located in the booming northern Brisbane growth suburb of North Lakes.</span></p></li><li style="list-style-image:none;color:rgb(51, 63, 72);"><p style="display:inline;"><span style="color:rgb(51, 63, 72);font-weight:normal;font-style:normal;">5,336sqm* corner site with three street frontage</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 63, 72);font-weight:normal;font-style:normal;">1,910sqm* building area standalone</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 63, 72);font-weight:normal;font-style:normal;">39 on-site car parks</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 63, 72);font-weight:normal;font-style:normal;">Excellent access to major arterials (Bruce Highway)</span></p></li><li style="list-style-image:none;color:rgb(51, 63, 72);"><p style="display:inline;"><span style="color:rgb(51, 63, 72);font-weight:normal;font-style:normal;">Fully renovated in 2020 (previously occupied by a car dealership)</span></p></li><li style="list-style-image:none;color:rgb(51, 63, 72);"><p style="display:inline;"><span style="color:rgb(51, 63, 72);font-weight:normal;font-style:normal;">SIGNIFICANTLY UNDER RENTED (e.g. $240/sqm gross passing rent p.a. vs estimated potential $350/sqm gross market rent p.a.)</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 63, 72);font-weight:normal;font-style:normal;">Potential for significant rental uplift or redevelopment</span></p></li><li style="list-style-image:none;color:rgb(51, 63, 72);font-style:normal;"><p style="display:inline;"><span style="color:rgb(51, 63, 72);font-weight:normal;font-style:normal;">5 year WALE (offer is subject to tenant taking up their 5 year option from Nov 2025)</span></p></li><li style="list-style-image:none;color:rgb(51, 63, 72);font-style:normal;"><p style="display:inline;"><span style="color:rgb(51, 63, 72);font-weight:normal;font-style:normal;">Estimated Net Income at 11 November 2025: $396,294 p.a. ($207/sqm net)</span></p></li></ul><br><span style="color:rgb(51, 63, 72);"><b>What we like about this property:</b></span><br><br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;color:rgb(51, 63, 72);"><p style="display:inline;"><span style="color:rgb(51, 63, 72);font-weight:normal;font-style:normal;">Exceptional property fundamentals</span></p></li><li style="list-style-image:none;color:rgb(51, 63, 72);"><p style="display:inline;"><span style="color:rgb(51, 63, 72);font-weight:normal;font-style:normal;">Large site (5,336 sqm)</span></p></li><li style="list-style-image:none;color:rgb(51, 63, 72);"><p style="display:inline;"><span style="color:rgb(51, 63, 72);font-weight:normal;font-style:normal;">National tenant (Sydney Tools</span><span style="color:rgb(33, 33, 33);font-weight:normal;font-style:normal;">-over 110 retail stores across Australia</span><span style="color:rgb(51, 63, 72);font-weight:normal;font-style:normal;">)</span></p></li><li style="list-style-image:none;color:rgb(51, 63, 72);"><p style="display:inline;"><span style="color:rgb(51, 63, 72);font-weight:normal;font-style:normal;">5 year WALE (offer is subject to tenant taking up their 5 year option from Nov 2025)</span></p></li><li style="list-style-image:none;color:rgb(51, 63, 72);font-style:normal;"><p style="display:inline;"><span style="color:rgb(51, 63, 72);font-weight:normal;font-style:normal;">Low site cover (36%) - future development/expansion potential</span></p></li><li style="list-style-image:none;color:rgb(51, 63, 72);"><p style="display:inline;"><span style="color:rgb(51, 63, 72);font-weight:normal;font-style:normal;">Renovated modern build - low maintenance</span></p></li><li style="list-style-image:none;color:rgb(51, 63, 72);font-style:normal;"><p style="display:inline;"><span style="color:rgb(51, 63, 72);font-weight:normal;font-style:normal;">Large format retail (suitable to a large variety of tenants e.g. medical, pharmacy, other national large format retail brands)</span></p></li><li style="list-style-image:none;color:rgb(51, 63, 72);font-style:normal;"><p style="display:inline;"><span style="color:rgb(51, 63, 72);font-weight:normal;font-style:normal;">Attractive to future investors given the fundamentals</span></p></li><li style="list-style-image:none;color:rgb(51, 63, 72);"><p style="display:inline;"><span style="color:rgb(51, 63, 72);font-weight:normal;font-style:normal;">Booming growth location</span></p></li><li style="list-style-image:none;color:rgb(51, 63, 72);"><p style="display:inline;"><span style="color:rgb(51, 63, 72);font-weight:normal;font-style:normal;">Significantly under rented - the property could be valued at $10m+ if rents were at market (an approx. $2.8m value uplift potential)</span></p></li></ul>
