 Asset Class: | Retail |
 Price: | $ 17500000 |
 Net Yield: | 6.38 % |
Net Yield - including solar strategy: | % |
 Property Market Status: | Off Market |
This exceptional commercial property presents a once-in-a-lifetime opportunity to acquire the premium retail centre just 14 Kms from the Brisbane CBD. <br><br>The asset comprises a total land area of 8,409 square meters and a net lettable area of 2,647 square meters. <br><br>Jindalee is characterised by affluent family households with over 46.9% of households being families with children and a high household income profiles, almost 30% above Queensland’s average. Surrounding amenities include numerous schools and child care centres, sporting facilities and parks, bus services, bikeways, library and the largest riverside park in Brisbane City.<br><br><b><u>Why we think this is a Great Investment Opportunity (* </u></b><span style="color:rgb(51, 51, 51);"><b><u> To be verified during the DD</u></b></span><b><u>): </u></b><br><br>Purchasing the asset well below the estimated replacement value <br><br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;margin-inline-start:0px;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Land Value: $1,500 Per Sqm x 8,409 m2 = $12,613,000</span></p></li><li style="list-style-image:none;margin-inline-start:0px;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Building Value: $2,500 x 4,345 m2 = $6,617,500</span></p></li><li style="list-style-image:none;margin-inline-start:0px;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Total Value: $19,230,500</span></p></li></ul><br>Please note according to the seller's insurance policy, the replacement cost of the property is circa $15,400,000.
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:
Please refer to attached document <br><br><b>Notes: </b><br><br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;margin-inline-start:20px;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="font-weight:normal;color:rgb(51, 51, 51);font-style:normal;">Tenancy 5 (Sushi Shou) will be exercising thier 5 year option</span></p></li><li style="list-style-image:none;margin-inline-start:20px;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="font-weight:normal;color:rgb(51, 51, 51);font-style:normal;">Tenancy 14 (Sasinan Thai Spa) doesn't want to sign a lease, but they have been tenants since 2010 (15 years)</span></p></li><li style="list-style-image:none;margin-inline-start:20px;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="font-weight:normal;color:rgb(51, 51, 51);font-style:normal;">Tenancy 15 (Connect Hearing) as for the seller they will be signing a new lease, tenants since 2010 </span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">(15 years)</span></p></li><li style="list-style-image:none;margin-inline-start:20px;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Tenancy 17B (Jindalee Lawyers) they will be signing a new 5 year lease</span></p></li></ul><br><span style="font-weight:normal;font-style:normal;">On the 27 of March 2024, the seller has done a bank valuation on this property, and the valuers have used 6% as the capitalisation rate for this property. Now we have an oppurtnity to purchase the assest with more than 6.3% net yield. Rethink Investing believes that as a huge oppurtunity for someone to secure it before its hitting the market. </span><br><br>
Additional Financial Information FileInitial Term:
Security:
Security Info:
Offer To Purchase:
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Initial Deposit:
$
Due Diligence:
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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-style:normal;"><b>Established Retail & Medical Complex – 100% Leased</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">: Allsports Shopping Village comprises a well-established convenience retail and medical complex featuring 23 tenancies and is 100% occupied</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-style:normal;"><b>Diverse Tenancy Mix</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">: The Centre features a diverse mix of retail, medical, allied health and professional tenants including a Medical Centre, Chemist, Dental Clinic, Pathology, Psychologist, Chiropractor, Fitness, Café, Takeaway & Restaurants, Hairdresser, Accountants and Lawyers.</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);font-weight:bold;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Income Security & Rental Growth: </b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">The lease profile features attractive rental growth structures with most tenancies featuring annual rental increases from CPI to 4%.</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);font-weight:bold;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Flexible Zoning with Future Redevelopment Potential: </b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">The site features a flexible “Neighbourhood Centre” zoning which allows retail, commercial and residential development up to three (3) stories and a wide range </span><span style="font-weight:normal;color:rgb(51, 51, 51);font-style:normal;">of uses including shopping centre, apartments, health care services, food & drink outlets, indoor sport & recreation, office, childcare centre, club, function facility, short-term accommodation and 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-style:normal;"><b>Strong Established Catchment Area</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">: The Centre is located in the established suburb of Jindalee in Brisbane’s affluent western suburbs within 14kms of the CBD, featuring household incomes almost 30% above </span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Queensland’s average.</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-style:normal;"><b>High Exposure Centre – Convenient Location</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">: Allsports Shopping Village occupies a high exposure, easily accessible position on Sinnamon Road, adjacent to the Centenary Motorway (M5).</span></p></li></ul>
