 Asset Class: | Retail |
 Price: | $ 830000 |
 Net Yield: | 6.00 % |
Net Yield - including solar strategy: | % |
 Property Market Status: |
Presenting an outstanding tenanted investment opportunity, strategically located in the thriving North Lakes retail hub, adjacent to Westfield Shopping Centre. North Lakes, a booming northside precinct in Brisbane, has experienced consistent residential growth through a meticulously planned community. Situated on the M1 with prominent neighbours like Ikea, Bunnings, and Costco, it is just 30 minutes from Brisbane CBD and 20 minutes from Brisbane International Airport, making North Lakes a premier investment hotspot in Queensland.<br><br>It is underpinned by a 5-year net lease with further 2 x 5-year options extending the lease to 2038 with a restaurant tenant. <br><br>Single-tenant investments positioned in high growth areas with strong lease covenants via an established company are rarely available on the market. Therefore, we encourage your strong consideration of this outstanding investment opportunity.<br>
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Is this lease a leaseback arrangement?
North Lakes is a suburb located in the Moreton Bay Region of Queensland, Australia, approximately <b>25 kilometers north of Brisbane’s city center</b>. <br><br>It is a rapidly growing residential area known for its modern amenities, family-friendly environment, and well-developed infrastructure. The suburb features a mix of parks, lakes, and recreational facilities, making it a popular choice for families and commuters alike. North Lakes is home to the Westfield North Lakes shopping center, schools, and a variety of cafes and restaurants, as well as easy access to public transport and major road networks. It’s also close to natural attractions, including the nearby Moreton Bay and various walking trails.
Additional Location Information File<span style="color:rgb(0, 29, 53);"><b><u>Siwol North Lakes</u></b></span><br><br>Chinese restaurant | 73 Google Reviews 4.7 stars
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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);font-weight:bold;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Tenant's Trading Name: </b></span><span style="font-weight:normal;color:rgb(51, 51, 51);font-style:normal;">Siwol North Lakes </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>Lease Commencement Date: </b></span><span style="font-weight:normal;color:rgb(51, 51, 51);font-style:normal;">05-08-2023</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>Lease Expiry Date: </b></span><span style="font-weight:normal;color:rgb(51, 51, 51);font-style:normal;">04-08-2028</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>Further Options: </b></span><span style="font-weight:normal;color:rgb(51, 51, 51);font-style:normal;">2 x 5 years (2038)</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>NLA: </b></span><span style="font-weight:normal;color:rgb(51, 51, 51);font-style:normal;">126 m2 </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>Net Income: </b></span><span style="font-weight:normal;color:rgb(51, 51, 51);font-style:normal;">$52,000 - $2,199.60 (Non-recoverable sinking fund because of the retail act) = $49,800 * (* Subject to further due dilligence) </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>Outgoings: </b></span><span style="font-weight:normal;color:rgb(51, 51, 51);font-style:normal;">100% of the outgoings including management </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>Security: </b></span><span style="font-weight:normal;color:rgb(51, 51, 51);font-style:normal;">Cash bond of $18,750 </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>Annual Increases: </b></span><span style="font-weight:normal;color:rgb(51, 51, 51);font-style:normal;">4%</span></p></li></ul>
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Subject Property: $395 Per Sqm 1-3 College Street, North Lakes : Barber –$41,200 Gross PA - $710/sqm | Movement Realty - $46,000 Gross PA - $766/sqm 3/105 Flinders Parade, North Lakes – 524/sqm 213/53 Endeavour Boulevard - $437/sqm
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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;">5 + 5 + 5 Year Lease | Commenced 05-08-2023</span></p></li><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">126 m2* fitted out restaurant / food tenancy</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;">Fixed 4% Increases Yearly</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, Strong Performing 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;">Situated in the Prominent North Lakes Central, 200m* from Westfield</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 Exposure Location on Corner Position</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 North Lakes Central Mixed-Use Commercial Complex</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 Bond/Security Held By Landlord</span></p></li></ul>
