 Asset Class: | Office |
 Price: | $ 1750000 |
 Net Yield: | 5.80 % |
Net Yield - including solar strategy: | % |
 Property Market Status: | On Market |
Rethink Investing has successfully secured an <b>exceptional freehold office block</b> in the heart of Nowra’s CBD at a <b>circa 5.8% net yield</b>. This represents a standout acquisition, as most properties in Nowra typically trade at around 4.5% to 5% yield. The property is currently leased to <b>Anglicare Community Services on a secure two-year lease</b>, providing the buyer with a reliable tenant and stable income from day one.<br>Located in one of New South Wales’ <b>fastest-growing regions</b>, Nowra benefits from a <b>$6.69 billion annual economic output</b> under the Shoalhaven City Council. The Shoalhaven region’s <b>114,080+ population</b> is expected to grow by <b>22% by 2046</b>, further driving demand for commercial space. Additionally, this property is <b>currently under-rented</b>, presenting a prime opportunity for rental growth by securing a new tenant at an increased rate in the future.<br>This acquisition aligns with our strategy of identifying <b>high-yield commercial assets with strong growth potential</b>. With a solid tenant in place and the ability to capitalize on rental upside, this property offers both security and long-term value.
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?
Nowra is a key commercial and administrative hub on the <b>New South Wales South Coast</b>, located approximately <b>160 km south of Sydney</b> and <b>90 km from Wollongong</b>. As the largest regional center in the Shoalhaven, it serves as a critical link between Sydney and the expanding South Coast, attracting businesses, government services, and infrastructure investment. The area is well-connected via the <b>Princes Highway</b>, with ongoing road upgrades improving accessibility and driving further economic growth.<br>Nowra boasts a <b>strong and diverse economy</b>, with a <b>$6.69 billion annual economic output</b> supported by industries such as <b>healthcare, tourism, defense, and manufacturing</b>. The region benefits from a growing population of <b>114,080+ residents</b>, expected to <b>increase by 22% by 2046</b>, fueling demand for commercial property. With significant public and private sector investment and a <b>tightening commercial rental market</b>, Nowra presents strong long-term growth potential for investors.
Additional Location Information File<a style="color:rgb(51, 51, 51);display:inline;" target="_blank" href="https://www.anglicare.org.au/community/"><u>https://www.anglicare.org.au/community/</u></a><span></span>
Initial Term:
Security:
Security Info:
<p style="margin-inline-start:0cm;"><span style="color:rgb(33, 33, 33);">Lessee: Anglicare Community Services</span></p><p style="margin-inline-start:0cm;"><span style="color:rgb(33, 33, 33);">Commencement: 1 October 2024</span></p><p style="margin-inline-start:0cm;"><span style="color:rgb(33, 33, 33);">Expiry: 30 June 2026</span></p><p style="margin-inline-start:0cm;"><span style="color:rgb(33, 33, 33);">Options: 1 further 2-year option</span></p><p style="margin-inline-start:0cm;"><span style="color:rgb(33, 33, 33);">Rent Reviews: Annually to CPI</span></p><p style="margin-inline-start:0cm;"><span style="color:rgb(33, 33, 33);">Rental: $120,000 pa + GST</span></p><p style="margin-inline-start:0cm;"><span style="color:rgb(33, 33, 33);"> </span></p><p style="margin-inline-start:0cm;"><span style="color:rgb(33, 33, 33);"><u>Financial Summary Estimate</u></span></p><p style="margin-inline-start:0cm;"><span style="color:rgb(33, 33, 33);"> </span></p><p style="margin-inline-start:0cm;"><span style="color:rgb(33, 33, 33);">Rental Income: $120,000 pa + GST</span></p><p style="margin-inline-start:0cm;"><span style="color:rgb(33, 33, 33);">Less:</span></p><p style="margin-inline-start:0cm;"><span style="color:rgb(33, 33, 33);">Council Rates: $5,160</span></p><p style="margin-inline-start:0cm;"><span style="color:rgb(33, 33, 33);">Management - $4,500</span></p><p style="margin-inline-start:0cm;"><span style="color:rgb(33, 33, 33);">Land Tax: Nil on a single holding basis </span></p><p style="margin-inline-start:0cm;"><span style="color:rgb(33, 33, 33);">Family trust est - $3,500</span></p><p style="margin-inline-start:0cm;"><span style="color:rgb(33, 33, 33);">Insurance: $5,462</span></p><p style="margin-inline-start:0cm;"><span style="color:rgb(33, 33, 33);">Less: Total Non-Recoverable Outgoings: $18,622</span></p><p style="margin-inline-start:0cm;"><span style="color:rgb(33, 33, 33);"> </span></p><p style="margin-inline-start:0cm;"><span style="color:rgb(33, 33, 33);">Estimated Net Income: $101,378 pa + GST</span></p>
Additional Financial Information FileInitial Term:
Security:
Security Info:
11 Haigh Avenue - $101,000 @ 800m2 = $126m2 20 Osborne Street, Nowra - $79,224 @ 156m2 = $507m2 48 Berry Street, Nowra - $99,559 @ 600m2 = $165m2 57 Junction Street, Nowra - $386,681 @ 1,186m2 = $326m2
Offer To Purchase:
$
Initial Deposit:
$
Due Diligence:
days
Finance:
days
Settlement:
days
<p style=""><span style="color:rgb(33, 33, 33);">Leased to June 2026, with an option to 2028</span></p><p style=""><span style="color:rgb(33, 33, 33);">Strategic position in the heart of Nowra’s CBD, near Officeworks, Autobarn, McDonald’s, Petbarn & Stockland Nowra</span></p><p style=""><span style="color:rgb(33, 33, 33);">Annual rent reviews to CPI Significant 834sqm* freehold landholding improved by an impressive two – level 800sqm* building </span></p><p style=""><span style="color:rgb(33, 33, 33);">Shoalhaven City Council: Significant $6.69b annual economic output^</span></p><p style=""><span style="color:rgb(33, 33, 33);">Booming South Coast location with a Shoalhaven region population of 114,080+, which is expected to surge 22% by 2046^</span></p><p style=""><span style="color:rgb(33, 33, 33);">Net Income: $101,000 pa + GST</span></p>
