<p>Nambour is strategically positioned in the heart of the Sunshine Coast region, located approximately 101 kilometres north of Brisbane and just 14 kilometres west of Maroochydore. As one of the main administrative and business hubs on the Sunshine Coast, Nambour continues to serve as a vital commercial centre despite ongoing development elsewhere in the region.</p> <p>The property at 144 Currie Street enjoys <strong>exceptional prominence</strong> at the entrance to Nambour's CBD, positioned on the main street next to the old Sunshine Coast Chambers and current library, adjacent to the Nambour police station. Major nearby facilities include Centrelink, Coles Shopping Centre, Nambour Plaza (Woolworths & BigW), the Nambour Civic Centre, cinemas, and the Nambour train station within 600 metres.</p> <p>The broader Sunshine Coast region has experienced <strong>remarkable economic growth</strong>, with its Gross Regional Product now exceeding $10 billion – double its size from a decade ago. The region encompasses approximately 35,000 registered businesses across diverse sectors, with particularly strong growth in financial services, professional services, healthcare, education, tourism, retail and construction.</p> <p>Nambour itself is undergoing revitalisation initiatives led by council and community groups, with expectations of demographic shifts as housing affordability attracts younger families. Its central location, extensive range of amenities, and rich history position it well for continued commercial relevance and future growth potential.</p>

<p><strong>Queensland Hydro Pty Ltd</strong> is a publicly owned entity established by the Queensland Government to design, deliver, operate and maintain long-duration pumped hydro energy storage assets. This government entity plays a critical role in Queensland's renewable energy strategy, helping to meet the state's renewable energy targets and net zero emissions goal by 2050.</p> <p>The tenant is focused on developing pumped hydro energy storage (PHES) solutions, with a major project currently underway at Lake Borumba on the Western Boundary of the Sunshine Coast Region. This significant infrastructure project has already seen $35 million invested in investigative studies completed in 2023 and is targeted to be operational by the end of the decade.</p> <p>As a Queensland State Government entity, Queensland Hydro represents a <strong>premium tenant with exceptional covenant strength</strong>. The nature of their work in developing critical energy infrastructure aligns with long-term government policies and provides strong confidence in their continued operations and lease commitment.</p> <p>The brand new 5-year lease commenced on 1st January 2024 with 2+2 year options thereafter, demonstrating the tenant's commitment to the location. The lease includes favorable terms for the landlord with the tenant responsible for all outgoings including land tax.</p>

<p>The property offers a <strong>secure income stream</strong> with exceptional tenant covenant from a Queensland State Government entity. Key financial highlights include:</p> <p><strong>Net Rental:</strong> $312,000 per annum plus outgoings and GST</p> <p><strong>Lease Term:</strong> 5 years commencing 1st January 2024 (expiring 31st December 2029)</p> <p><strong>Options:</strong> 2 + 2 years extending potential tenure to 2033</p> <p><strong>Annual Increases:</strong> Fixed 5% with a market review at the option periods</p> <p>The tenant is responsible for all outgoings, which are budgeted at approximately $45,000 per annum. These include:</p> <ul> <li>Management Fees: $10,000</li> <li>Repairs and Maintenance: $3,000</li> <li>Water Rates: $5,000</li> <li>Council Rates: $7,000</li> <li>Fire Monitoring Service: $3,000</li> <li>Insurance: $5,000</li> <li>Lift Service: $5,000</li> <li>Land Tax: $3,000</li> <li>Air Conditioning Maintenance: $3,000</li> <li>Fire Compliance Fees: $1,000</li> </ul>

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