 Asset Class: | Industrial |
 Price: | $ 6261800 |
 Net Yield: | 7.30 % |
Net Yield - including solar strategy: | % |
 Property Market Status: | Off Market |
This exceptional commercial property presents a once-in-a-lifetime opportunity to acquire a premium large scale, high yielding industrial investment with an international covenant. <br><br>This massive corner complex is featuring a 2,882 m2 of net lettable area situated atop of large 9,893 m2 of site boasting strong exposure and large frontage in Bohle's premier industrial precinct.<br><br>This investment offers investors the opportunity to secure a well presented and strong performing asset with a multi-national tenant. Don't miss the chance to capitalise on this trophy investment opportunity to purchase a tenanted investment in a fully developed area with minimal option ever available.<br><br><br>
How old is the asset?
Vendor's reason for selling?
Days property been on market?
Is this property strata titled?
Are the seller and tenant related parties?
How long has the current tenant been on site?
How long has the tenant been in business?
Is this property in a flood zone?
Is this lease a leaseback arrangement?
Queensland’s largest regional city, and 4th largest overall, Townsville is a growing city located in North Queensland, with an estimated population of 200,000 people as of April 2022.<br> <br>The city offers a vibrant lifestyle with a population estimated to reach over 314,000 by 2036 in addition to a significant annual tourism influx, which generated over $520m in value added benefits for 2019/20.<br> <br>Townsville has a diverse and developed economic profile with its annual regional output of $34.3 billion account for 4.6% of the total Queensland output. This economic performance is underwritten by strong defence, health care and construction industries, with further industries including education, manufacturing and finance strengthening the economic diversity of the region.<br> <br>Townsville’s future growth has been further secured through the ongoing Townsville City Deal. A 15-year commitment between federal, state and local governments first signed in December 2016, the City Deal aims to support a prosperous economic future for Townsville and position the city as a vibrant, liveable and innovative place to live.
Additional Location Information File<span style="color:rgb(31, 31, 31);"><b>Goodman Fielder</b></span><br><br><span style="color:rgb(31, 31, 31);">Website: </span><a style="display:inline;" target="_blank" href="https://goodmanfielder.com/"><u>Home | Goodman Fielder</u></a><span></span><br><br><span style="color:rgb(0, 0, 0);background-color:rgb(249, 249, 249);">We’re a leading food company, with over 120 brands and a broad portfolio of ingredients, operating in Australia, New Zealand and Asia- Pacific.</span>
Initial Term:
Security:
Security Info:
<ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;margin-inline-start:0cm;"><p style="display:inline;"><span style="color:rgb(36, 36, 36);font-style:inherit;padding-left:0px;"><b>Tenant's Trading Name: </b></span><span style="color:rgb(36, 36, 36);font-weight:normal;font-style:normal;">Goodman Fielder (</span><a style="color:rgb(70, 120, 134);padding-left:0px;display:inline;font-weight:normal;font-style:normal;" target="_blank" href="https://aus01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fgoodmanfielder.com%2Fbrands%2F&data=05%7C02%7Caj%40rethinkinvesting.com.au%7C475fd6bf29c64420541208dd47383784%7Cb654f9c94be24134804f7a0257ce8206%7C0%7C0%7C638745029123530255%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=Nudtc2c6QBSYXPlWZtq19Ygg72F%2F%2BKp27RASS8%2FsOUo%3D&reserved=0"><u>https://goodmanfielder.com/brands/</u></a><span style="color:rgb(36, 36, 36);font-weight:normal;font-style:normal;">)</span></p></li><li style="list-style-image:none;margin-inline-start:0cm;color:rgb(36, 36, 36);"><p style="display:inline;"><span style="color:rgb(36, 36, 36);font-style:normal;"><b>Tenant's Time in the Premise: </b></span><span style="color:rgb(36, 36, 36);font-weight:normal;font-style:normal;">Over 20 years </span></p></li><li style="list-style-image:none;margin-inline-start:0cm;"><p style="display:inline;"><span style="color:rgb(36, 36, 36);font-style:inherit;padding-left:0px;"><b>Lease Commencement: </b></span><span style="color:rgb(36, 36, 36);font-style:inherit;font-weight:normal;padding-left:0px;">28 Feb 2021</span></p></li><li style="list-style-image:none;margin-inline-start:0cm;"><p style="display:inline;"><span style="color:rgb(36, 36, 36);font-style:inherit;padding-left:0px;"><b>Lease Expiry:</b></span><span style="color:rgb(36, 36, 36);font-style:inherit;font-weight:normal;padding-left:0px;"> 27 Feb 2027</span></p></li><li style="list-style-image:none;margin-inline-start:0cm;"><p style="display:inline;"><span style="color:rgb(36, 36, 36);font-style:inherit;padding-left:0px;"><b>Options:</b></span><span style="color:rgb(36, 36, 36);font-style:inherit;font-weight:normal;padding-left:0px;"> 6 Years</span></p></li><li style="list-style-image:none;margin-inline-start:0cm;"><p style="display:inline;"><span style="color:rgb(36, 36, 36);font-style:inherit;padding-left:0px;"><b>Rent Review: </b></span><span style="color:rgb(36, 36, 36);font-style:inherit;font-weight:normal;padding-left:0px;">Greater of CPI or 3% annually</span></p></li><li style="list-style-image:none;margin-inline-start:0cm;color:rgb(36, 36, 36);font-style:inherit;"><p style="display:inline;"><span style="color:rgb(36, 36, 36);font-style:inherit;padding-left:0px;"><b>Outgoings: </b></span><span style="color:rgb(36, 36, 36);font-style:inherit;font-weight:normal;padding-left:0px;">100% of the outgoings to be paid by the tenant </span></p></li><li style="list-style-image:none;margin-inline-start:0cm;color:rgb(36, 36, 36);font-style:inherit;"><p style="display:inline;"><span style="color:rgb(36, 36, 36);font-style:inherit;padding-left:0px;margin-inline-start:0cm;"><b>Net Rent:</b></span><span style="color:rgb(36, 36, 36);font-style:inherit;padding-left:0px;margin-inline-start:0cm;font-weight:normal;"> $469,635 per annum + gst</span></p></li></ul><br><span style="font-weight:normal;">** Rethink Investing has deducted extra $10,000 from the presented net income as a buffer for outgoings: </span><br><br><b>Net Income: $459,635*</b>
Additional Financial Information FileInitial Term:
Security:
Security Info:
Offer To Purchase:
$
Initial Deposit:
$
Due Diligence:
days
Finance:
days
Settlement:
days
<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;">Industrial freehold property with a Global Tenant </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;">Large site of 9,893 m2</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;">Building area of 2,882 m2 manufacturing and warehouse / distribution facility</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);font-weight:bold;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Leased to Global Food Company Goodman Fielder who have occupied the site for over 20 years</b></span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);font-weight:bold;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Rent Review of Greater of CPI or 3% annually ensuring the cash flow growth</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;">Lease Commencement: 28 Feb 2021</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;">Lease Expiry: 27 Feb 2027</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;">Options: 1 x 6 years</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;">Rent Review: Greater of CPI or 3% annually</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);font-weight:bold;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Roof had been replaced within the last two years </b></span></p></li></ul>
