 Asset Class: | Industrial |
 Price: | $ 2200000 |
 Net Yield: | 5.45 % |
Net Yield - including solar strategy: | % |
 Property Market Status: |
<span style="color:rgb(0, 0, 0);">Offered is a warehouse/showroom investment in the high-end 'Sanctuary' complex a newly completed, multi-level commercial development fronting Olsen Avenue, Southport. Completed in December 2024, the subject lot was leased by mid-January 2025. The complex features 2 warehouses, 3 levels of strata-titled self-storage and offices, CCTV, a 24/7 automated access gate, and 56 shared car spaces.</span><br><br><span style="color:rgb(0, 0, 0);">Unit 123 has a NLA of 378m2*, comprising a 234m2* ground-floor warehouse* and a 147m2* tenant-funded, council-approved mezzanine. Constructed with concrete tilt panels, it features floor-to-ceiling double-glazed windows, a suspended concrete ceiling, and a 5.8m internal clearance. The warehouse offers multiple access points, brand-new ducted A/C, and a shared truck bay at the rear.</span><br><br><span style="color:rgb(0, 0, 0);">It is leased to Palm Springs Pty Ltd, a manufacturer of prefabricated curtain walls, windows, and doors, who utilise the space as a warehouse and sales centre. They are secured on a 6+5-year net lease, covering all outgoings, including management, with 4% fixed annual increases. A 6-month incentive was provided as the tenant is self-funding the construction of the council-approved mezzanine, which will remain post-lease as per the lease agreement. Any residual incentive balance at settlement will be paid to the incoming owner.</span><br><br><span style="color:rgb(0, 0, 0);">This is a great investment in a high-exposure Gold Coast location, offering depreciation benefits and set to deliver a first-year net income of $120,000* pa.</span>
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Is this property strata titled?
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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?
Southport is the Gold Coast's Central Business District and has played a pivotal role in the region’s economic growth for more than a century. As the city’s commercial and administrative hub, Southport has seen significant commercial expansion, attracting businesses across health, education, legal, and professional services. It is home to major institutions such as the Gold Coast University Hospital, Griffith University, and the Southport Health Precinct, reinforcing its status as a key employment and innovation centre. The suburb has benefited from strong infrastructure investment, including the Gold Coast Light Rail, which has enhanced connectivity and supported commercial growth. Property values and business activity have surged in recent years, reflecting Southport’s ongoing economic importance. The Gold Coast’s broader economy reached a Gross Regional Product of $45.38 billion in 2023, with a strong 3% growth rate driven by population increases and business investment, positioning Southport at the forefront of this expansion. With the city’s population projected to reach nearly 1 million by 2040, Southport’s role as the Gold Coast’s economic engine remains critical, continuing to attract businesses, workers, and investors seeking long-term growth opportunities.<br><br><span style="color:rgb(51, 51, 51);"><b>Queensland Growth</b></span><br><span style="color:rgb(0, 0, 0);">Queensland’s $500 billion economy has been supported by continued, strong population growth and a resource boom over the past two decades, exceeding the national average and placing the state in a strong position to exceed growth expectations. In the 12 months leading up to April 2024, QLD has seen a 2.2% growth rate in its retail trade during, resulting in an increase of $137 million in trade turnover. QLD achieved the third-highest population growth rate of 2.6% during the 12 months leading up to June 2023. Regarding employment, for the year ending in April 2024, the QLD growth rate rose again by a further 3.96%, employing over 111,000 individuals.</span>
Additional Location Information File<span style="font-weight:normal;">Palm Springs Pty Ltd is a window and door manufacturer specialising in the research, development, production, and sales of prefabricated curtain walls, photovoltaic curtain walls, prefabricated doors and windows, and smart door systems. The company is associated with Lanhaiwang Group, based on Hope Island which primarily serves high-rise developers and builders. Palm Springs is utilising Unit 123 as a warehouse and sales centre and has embedded itself in the complex by purchasing Unit 117 for dedicated storage to support its operations and sales.</span>
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Security Info:
To come in DD. Little stock available for new build warehouse investments of superior nature in this area.
Offer To Purchase:
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Initial Deposit:
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Due Diligence:
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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;">Prized investment in new multi-level GC development </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;">Fully leased ground floor investment with strong lease</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;">NLA: 378m2*</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;">Warehouse: 234m2* with 147m2* mezz</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 is funding council approved mezz</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;">Net Income: $120,000* pa + GST & outgoings</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: 6 years with 5-year option </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;">Increases: 4% annually</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;">Floor-to-ceiling double-glazed windows</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;">5.8 metre internal clearance</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;">High exposure to busy and arterial Gold Coast road</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;">Construction completed Dec 2024, leased in less than 1 month (Jan 2025)</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;">Largest and best warehouse in the entire development</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 purchase storage unit, solidifying long term prospects</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;">Well located within Southport, in proximity to a range of services and amenities</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;">Good connectivity with the M1 and Southport Nerang Road</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(51, 51, 51);font-weight:normal;font-style:normal;">Gold Coast’s population projected to reach nearly 1 million by 2040</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);font-style:normal;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Gold Coast’s GRP to hit $45.38B, driven by population growth, with Southport at its core</span></p></li></ul>
