 Asset Class: | Industrial |
 Price: | $ 715000 |
 Net Yield: | 5.87 % |
Net Yield - including solar strategy: | % |
 Property Market Status: |
<span style="color:rgb(0, 0, 0);">Offered is a strata industrial investment in Yatala tenanted by Brat Haus, an established business who own a restaurant, several food trucks and been in business for well over 10 years. They are secured here on a 2-year lease to 2026, with another 1-year option. Brat Haus have the greater of CPI or 4% fixed annual increases built into their lease plus pay all outgoings including MGMT and BC fees. </span><br><br><span style="color:rgb(0, 0, 0);">The property has a NLA of 182m*, comprising 118m2* in warehousing area, 32m2* in ground floor office and another 32m2* in storage mezzanine. There are 3 allocated parking bays on title, plus an additional 49m2* outdoor exclusive use rear storage yard with full drainage. Although not on title, it as a bonus area that only the tenant has access to securely and internally.</span><br><br><span style="color:rgb(0, 0, 0);">This investment is set to generate a first-year net income of $42,000* pa + GST & outgoings, underpinned by a high-quality, long-term tenant. With its prime location, and solidified tenant, this property offers an outstanding opportunity in Yatala's thriving industrial precinct.</span>
How old is the asset?
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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);">Brat Haus was founded by Steve and Ben Crick (father and son). With a butchery background dating back to 1969, Steve Crick pioneered Australia’s first foot-long Grilled Bratwurst, which remains a signature offering today. Operating for well over 10 years and known for its authentic bratwurst, premium imported beers, Brat Haus has established itself as a popular and well-regarded eatery that is ever expanding across QLD. </span><br><br><a style="color:rgb(51, 51, 51);display:inline;" target="_blank" href="https://www.brathaus.com.au/"><u>https://www.brathaus.com.au/</u></a><span></span>
Initial Term:
Security:
Security Info:
Tenant: Brat House<br>Base rent: $42,000 pa + GST & 100% outgoings<br>Term: 2 Years<br>Start: 01/12/2024<br>Expires: 30/11/2026<br>Option: 1 Year (to 2027)<br>Outgoings: 100% including management fees and Body Corporate<br>Reviews: Whichever the greater of CPI or 4% annually<br>Security: Personal Guarantee, plus $15,400 as bond
Additional Financial Information FileInitial Term:
Security:
Security Info:
12/30-34 Octal Street, Yatala - 182m2 - $230/m2 6/18 Warehouse Circuit Yatala, 230m2, $240/sqm net 10/18 Warehouse Circuit Yatala, 198m2, $240/sqm net *These are at market, more to come in DD.
Offer To Purchase:
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Initial Deposit:
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Due Diligence:
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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(0, 0, 0);font-weight:normal;font-style:normal;">Solid SEQ industrial investment with solidified tenant</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Net Income: $42,000* pa & outs</span></p></li><li style="list-style-image:none;color:rgb(0, 0, 0);"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Total NLA: 182m*, plus additional 49m2* in exclusive use fenced and concreted rear yard</span></p></li><li style="list-style-image:none;color:rgb(0, 0, 0);"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Comprising: 118m2* warehouse, 32m2* GF office & 32m2* mezz storage</span></p></li><li style="list-style-image:none;color:rgb(0, 0, 0);"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Brat Haus, in business for over 10 years</span></p></li><li style="list-style-image:none;color:rgb(0, 0, 0);"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Lease in place until November 2026 with 1x1-year option to 2027</span></p></li><li style="list-style-image:none;color:rgb(0, 0, 0);"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Tenant pays all outgoings including MGMT & sinking fund</span></p></li><li style="list-style-image:none;color:rgb(0, 0, 0);font-style:normal;"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Reviews: The greater of CPI or 4%</span></p></li><li style="list-style-image:none;color:rgb(0, 0, 0);"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">3 phase power</span></p></li><li style="list-style-image:none;color:rgb(0, 0, 0);"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Gated complex with dual access</span></p></li><li style="list-style-image:none;color:rgb(0, 0, 0);"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">NBN® Fibre to the Node (FTTN) connected</span></p></li></ul>
