 Asset Class: | Multi-Tenanted |
 Price: | $ 3988000 |
 Net Yield: | 6.50 % |
Net Yield - including solar strategy: | % |
 Property Market Status: | Off Market |
Presenting a strong performing off-market retail centre investment opportunity anchored by a 685 m2 IGA. The centre is further supported by a<span style="color:rgb(51, 51, 51);"> </span><span style="color:rgb(51, 51, 51);">pharmacy, gym, GP clinic and Food & Beverage offerings.</span><br><br>The asset comprises a total land area of 4,000 square meters and a net lettable area of 1,133 square meters which gives site coverage of only 28% (future development potential). <br><br>Investing in this property offers the chance to generate a robust net income of $259,231.65 per annum, with annual increases varying between 3% to 4%, depending on the lease agreement. This incredible investment opportunity ensures continuous growth.
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?
<span style="color:rgb(0, 0, 0);">Bundaberg is one of Queensland's gracious coastal cities. Bundaberg is located 365 km north of Brisbane via the Bruce Highway on the Burnett River and it is 14 m above sea-level. It is located 13 km west from Bargara, the nearest coastal township. </span><br><br><span style="color:rgb(0, 0, 0);">It is considered the food bowl capital of Australia. The region is internationally recognised by iconic Australian brands such as Bundaberg Rum, Bundaberg Sugar and Bundaberg Brewed Drinks. </span><br><br><span style="color:rgb(0, 0, 0);">Bundaberg is building to become a leader in ag-tech, clean economy technology and development, eco-tourism, and defence supply. The region also leverages its agricultural base to manufacture many advanced food and beverage products.</span>
Additional Location Information File<b>IGA:</b><br><span style="">Website: </span><a style="color:rgb(44, 123, 208);display:inline;" target="_blank" href="https://www.iga.com.au/"><u>IGA Supermarkets | Independent Grocers of Australia</u></a><span style=""></span><br><span style="color:rgb(48, 48, 47);">IGA is a network of over 1,300 independent family-owned businesses that sit at the heart of local communities across Australia, giving back and supporting local producers, suppliers and charities wherever possible.</span><br><br><p style=" padding-left:0px;"><span style="color:rgb(8, 8, 9);"><b>Burnett Heads Pharmacy:</b></span></p><p style=" padding-left:0px;"><span style="color:rgb(8, 8, 9);font-weight:normal;">Website:</span><span style="color:rgb(8, 8, 9);"><b> </b></span><a style="color:rgb(44, 123, 208);display:inline;font-weight:normal;" target="_blank" href="https://www.facebook.com/BurnettHeadsQld/"><u>https://www.facebook.com/BurnettHeadsQld/</u></a><span style="color:rgb(48, 48, 47);"></span></p><br><span style="color:rgb(0, 29, 53);"><b>Growth Gyms Burnett Heads</b></span><span style="color:rgb(48, 48, 47);"><b>: </b></span><br><span style="color:rgb(8, 8, 9);font-weight:normal;">Website: </span><a style="color:rgb(44, 123, 208);display:inline;font-weight:normal;" target="_blank" href="https://www.growthgyms.com.au/"><u>Growth Gyms | Voted Best Gym Bundaberg | 302 Branyan Drive, Avoca QLD, Australia</u></a><span style="font-weight:normal;"></span><br><br><b>GP Ultra Hub: </b><br><span style="color:rgb(8, 8, 9);font-weight:normal;">Website: </span><a style="color:rgb(44, 123, 208);display:inline;font-weight:normal;" target="_blank" href="https://gpultrahub.com.au/"><u>Home - GP UltraHub</u></a><span style="font-weight:normal;"></span><br><span style="color:rgb(26, 26, 26);background-color:rgb(247, 250, 255);">Visit state-of-the-art GP UltraHub medical centres for comprehensive GP services, dedicated to your well-being. Our expert team specializes occupational health ensuring your workplace safety. Experience convenient telehealth consolations for remote care. Plus, trust us for reliable vaccine administration, safeguarding your health and community.</span><br><br><span style="color:rgb(0, 29, 53);"><b>Willows At Burnett:</b></span><br><br><span style="color:rgb(31, 31, 31);"><b>Paradise bakehouse Burnett Heads:</b></span><br><span style="color:rgb(8, 8, 9);font-weight:normal;">Website: </span><a style="color:rgb(44, 123, 208);display:inline;font-weight:normal;" target="_blank" href="https://www.facebook.com/p/Paradise-Bakehouse-100067733330829/"><u>https://www.facebook.com/p/Paradise-Bakehouse-100067733330829/</u></a><span></span><br>
Initial Term:
Security:
Security Info:
Please see the attached
Additional Financial Information FileInitial Term:
Security:
Security Info:
Please see the attached
Offer To Purchase:
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Initial Deposit:
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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, 51, 51);font-weight:normal;font-style:normal;">4,000 m2 of total land area </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;">1,133 m2 of total net lettable area </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;">Off-market retail centre investment opportunity anchored by a 685 m2 IGA (60% of the total net lettable area)</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;">Centre is further supported by a pharmacy, gym, GP clinic and Food & Beverage offerings</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;">Site usage of only 28% - Future development potential (</span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">20m/ 5 storey height limit - </span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">STCA)</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;">Strong exposure - Dual street frontage </span></p></li></ul>
