 Asset Class: | Retail |
 Price: | $ 5100000 |
 Net Yield: | 5.90 % |
Net Yield - including solar strategy: | % |
 Property Market Status: | On Market |
<p>Point Plaza Retail presents an outstanding investment opportunity in the thriving waterfront precinct of Woody Point. This multi-tenanted ground floor retail complex spans 542m² of net lettable area and generates a substantial net income of $301,856 per annum with a secure WALE of 3.1 years.</p><p>The property features 7 high-quality retail tenancies including Seafood Town, Cafe 3Eightnine, and Omorfia Hair & Beauty, complemented by 25 car parks. Its prime corner position on Oxley Avenue and Woodcliffe Crescent offers exceptional exposure and uninterrupted bay views.</p><p>Located directly beneath the Point Plaza Residential Complex comprising 48 residential and short-stay apartments, this 100% leased asset benefits from strong foot traffic and its proximity to the iconic Belvedere Hotel, which recently completed a $10M+ refurbishment.</p>
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<p>Woody Point is a premier bayside suburb located in the south-eastern corner of the Redcliffe Peninsula, approximately 24km northeast of Brisbane CBD. The property enjoys a strategic position on Oxley Avenue, the area's premier waterfront dining and entertainment strip.</p><p>The location benefits from excellent connectivity via the Ted Smout Memorial Bridge and Kippa-Ring Train Station. Key amenities within close proximity include the Belvedere Hotel, Margate Village Shopping Centre, Peninsula Fair Shopping Centre, and various dining and entertainment precincts.</p>
Additional Location Information File<p>The property comprises 7 quality tenancies:<br><strong>Seafood Town</strong> - 257m² with 5 year lease term<br><strong>Cafe 3EightNine</strong> - 100m² trading since 2018<br><strong>Omorfia Hair & Beauty</strong> - 70m² with multiple locations<br><strong>Riverbend Villages & Resorts</strong> - Administration office</p><p>All tenants have strong trading histories and have invested significantly in their respective fitouts. The weighted average lease expiry of 3.1 years provides excellent income security.</p>
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<p><strong>Total Net Income: $301,856 per annum</strong><br>Gross Rental Income: $381,644<br>Less Estimated Outgoings: $73,238<br>Less Land Tax: $6,500</p><p>The property features strong lease covenants with fixed annual rent increases ranging from 3% to 3.25%, providing reliable income growth. The diverse tenant mix includes established businesses with proven track records.</p>
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<ul class="bullet-list"><li><p class="mb-4">Prime waterfront location with uninterrupted Moreton Bay views</p></li><li><p class="mb-4">Stable net income of $301,856 per annum</p></li><li><p class="mb-4">Strong WALE of 3.1 years providing income security</p></li><li><p class="mb-4">100% occupancy with diverse tenant mix</p></li><li><p class="mb-4">High-exposure corner position in established retail precinct</p></li><li><p class="mb-4">25 dedicated car parks plus storage</p></li><li><p class="mb-4">Adjacent to newly refurbished Belvedere Hotel</p></li><li><p class="mb-4">Surrounded by major residential developments</p></li><li><p class="mb-4">Excellent transport connectivity</p></li><li><p class="mb-4">High-growth bayside location</p></li><li><p class="mb-4">Freehold title with bonus!</p></li></ul>
