 Asset Class: | Retail |
 Price: | $ 3400000 |
 Net Yield: | 7.40 % |
Net Yield - including solar strategy: | % |
 Property Market Status: | On Market |
Discover a rare opportunity to secure a <span style="color:rgb(51, 51, 51);">high-yielding </span>fully leased retail property in one of Tamborine Mountain’s most sought-after locations. Featuring a diverse tenant mix, this high-performing asset is strategically situated among thriving businesses and enjoys exceptional exposure. Its close proximity to the iconic Gallery Walk, a premier hub for shopping and dining, ensures a constant stream of both local and tourist foot traffic. This premium asset offers strong income potential and long-term value in one of the region’s most prestigious retail precincts.<br><br>The 1,073 m2 of net lettable area comes with 23 assigned car parks and currently being fully leased to <span style="color:rgb(0, 0, 0);">6 separate commercial tenancies, offers diversification, stability, and promising returns.</span><br><br>This is a great investment in an ideal location underpinned by a strong leasing covenants with a desirable tenancy returning a net income of $253,762.84 per year.
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?
Initial Term:
Security:
Security Info:
** ** Rethink Investing has deducted extra $15,000 from the presented net income as a buffer. <br><br><b>Net Income: $253,762.84</b>
Additional Financial Information FileInitial Term:
Security:
Security Info:
1-3 Main Western Road, Tamborine Mountain - rates $400/sqm + GST + outgoings ** More to be provided during the DD and valuation
Offer To Purchase:
$
Initial Deposit:
$
Due Diligence:
days
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;">Surrounded by high traffic businesses including AusPost, Medical Centres, Bakery, Bottle Shop, Butcher & more</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;">Tenant mix includes Dentist, Pharmacy, FoodWorks, Hairdresser & Office</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;">Entire two (2) story building including lots 1, 2, 7 & 8</span></p></li><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(36, 36, 36);font-style:inherit;padding-left:0px;"><b>All the anchor tenants are known to be ‘sticky’ – they typically stay for all of their lease options after their initial term and for a very long time</b></span></p></li><li style="list-style-image:none;color:rgb(36, 36, 36);font-style:inherit;font-weight:bold;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);padding-left:0px;font-weight:normal;font-style:normal;">Fully leased to </span><span style="color:rgb(0, 0, 0);padding-left:0px;font-weight:normal;font-style:normal;">6 separate commercial tenancies, offers diversification, stability, and promising returns</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="list-style-position:inherit;list-style-type:inherit;display:inline;"><span style="color:rgb(51, 51, 51);padding-left:0px;font-weight:normal;font-style:normal;">Rare high yielding property in a Tier 1 area in Queensland</span></p></li></ul>
