 Asset Class: | Show Room |
 Price: | $ 600000 |
 Net Yield: | 6.50 % |
Net Yield - including solar strategy: | % |
 Property Market Status: |
<span style="color:rgb(51, 51, 51);"><b>Freehold Showroom with Dual Street Frontage: Large Land & Secure</b></span><br><span style="color:rgb(51, 51, 51);"><b>Solomon’s Flooring Tenancy in La Trobe Valley!</b></span><br><br><span style="color:rgb(51, 51, 51);">Located in the thriving regional hub of the La Trobe Valley, 19 Evelyn Street, Moe, is</span><br><span style="color:rgb(51, 51, 51);">an outstanding investment opportunity. Set on </span><span style="color:rgb(51, 51, 51);"><b>1,092 square meters of land</b></span><span style="color:rgb(51, 51, 51);">,</span><br><span style="color:rgb(51, 51, 51);">the property features a </span><span style="color:rgb(51, 51, 51);"><b>447-square-meter building</b></span><span style="color:rgb(51, 51, 51);"> comprising a modern</span><br><span style="color:rgb(51, 51, 51);">showroom, office spaces, and a spacious warehouse. Its strategic corner</span><br><span style="color:rgb(51, 51, 51);">location ensures high visibility and accessibility, complemented by ample</span><br><span style="color:rgb(51, 51, 51);">parking for staff and customers.</span><br><br><span style="color:rgb(51, 51, 51);">Leased to </span><span style="color:rgb(51, 51, 51);"><b>Solomon's Flooring</b></span><span style="color:rgb(51, 51, 51);"> on a </span><span style="color:rgb(51, 51, 51);"><b>3 + 3-year lease</b></span><span style="color:rgb(51, 51, 51);">, this property</span><br><span style="color:rgb(51, 51, 51);">benefits from a secure and established tenant with over 125 years of industry</span><br><span style="color:rgb(51, 51, 51);">leadership in flooring solutions. The combination of a reliable tenant and the</span><br><span style="color:rgb(51, 51, 51);">La Trobe Valley’s vibrant economic landscape makes this property a compelling</span><br><span style="color:rgb(51, 51, 51);">choice for investors seeking strong returns and long-term growth potential.</span>
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?
<b>Established in 1890, Solomons Flooring is Australia’s oldest and most trusted name in floor</b><br><b>coverings, with over 60 retail stores nationwide.</b><br>Their extensive<br>range includes carpets, timber, laminate, hybrid, and vinyl flooring, as well<br>as blinds and shutters. With a history spanning over 130 years and a strong<br>network, Solomons Flooring exemplifies stability and quality, making them a<br>reliable and dependable tenant for long-term partnerships.
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Address | Total size: [Land] Building sqm | Rent $/sqm 19 Evelyn Street, Moe | [1092] 447 | $87/sqm 74-76 Waterloo Road, Moe | [1161] 750 | $99/sqm 48 Moore Street, Moe | [889] 330 | $219/sqm 3A Moore Street, Moe | [387] 362 | $99/sqm 18A Swan Road, Morwell | [1102] 433 | $69/sqm 61 Bridle Road, Morwell [1468] 720 | $239/sqm
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<ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Eligible for 50% Stamp Duty Concession:</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> Upfront saving of $15,535.</span></p></li><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Purchase Price:</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> $600,000.</span></p></li><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Net Yield:</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> 6.5%.</span></p></li><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Net Rent (Gross):</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> $39,000 ($</span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">41,340</span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">).</span></p></li><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Net Rent per sqm:</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> $87/sqm.</span></p></li><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Purchase Rate (on NLA):</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> $1,342/sqm.</span></p></li><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Asset Class:</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> Showroom.</span></p></li><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Composition of Asset:</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> Freehold property with showroom, warehouse, and office.</span></p></li><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Property Market Status:</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> On market.</span></p></li><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Age of Asset:</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> Approximately 30-40 years.</span></p></li><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Unapproved Structures On-Site:</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> None reported.</span></p></li><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Owner's Reason for Selling:</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> Freeing up cash.</span></p></li><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Seller & Tenant Relationship:</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> Yes – Sale and leaseback.</span></p></li><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Current Tenant Duration on Site:</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> Not specified.</span></p></li><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Last Sold/Price:</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> 2018 / $303,600.</span></p></li><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Vacancy Status:</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> Tenanted (expected 6 months if vacant).</span></p></li><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Flood Zone:</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> No.</span></p></li></ul><br>Property Features<br><br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Land Area:</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> 1,092 sqm.</span></p></li><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Building Area:</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> 447 sqm.</span></p></li><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Car Spaces:</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> Around 8.</span></p></li><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Frontage:</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> Dual frontage to Evelyn Street & Moore Street.</span></p></li><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Signage:</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> Ample, with excellent exposure.</span></p></li><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Fit-Out:</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> TBC</span></p></li><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Roller Doors:</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> Yes.</span></p></li><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Zoning:</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> Industrial 3.</span></p></li></ul>
