 Asset Class: | Retail |
 Price: | $ 1734000 |
 Net Yield: | 6.25 % |
Net Yield - including solar strategy: | % |
 Property Market Status: | On Market |
<p style=""><span style="font-weight:normal;">Presenting </span><span style="color:rgb(0, 0, 0);font-weight:normal;">quality Noosa Riverfront commercial investment at Shop 2 253 Gympie Terrace, Noosaville. The property presents a quality strata titled asset, leased to Little Humid restaurant, and is situated on high profile main retail strips of Noosaville overlooking the tranquil Noosa River, in one of Australia’s premier investment regions.</span></p><br><p style=""><span style="font-weight:normal;">The ‘Noosa Riverside’ complex is a mixed use development comprising four ground floor commercial tenancies, all of which enjoy favourable northerly aspects overlooking the stunning Noosa River foreshore. Directly above on two levels are eight residential apartments.</span></p><br><p style=""><span style="font-weight:normal;">The property comes with a 10-year net lease until the 30th September 2031 with further 5 years in options extending the lease to 2036. The lease also boasts landlord friendly 4% annual increases. </span></p><br><p style=""><span style="color:rgb(0, 0, 0);font-weight:normal;">Single-tenant investments positioned in high growth areas with strong lease covenants are rarely available on the market. Therefore, we encourage your strong consideration of this outstanding investment opportunity.</span></p><span style="color:rgb(255, 255, 255);">,</span>
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<span style="color:rgb(0, 0, 0);">As Australian businesses look outside major cities to establish, relocate or expand, Queensland’s </span><span style="color:rgb(0, 0, 0);margin-inline-start:0cm;">Sunshine Coast is firmly in the spotlight.</span><br><br><span style="color:rgb(0, 0, 0);">The Sunshine Coast offers opportunities in a diverse range of growth industries, an emerging city centre which is already becoming a vibrant commercial and leisure precinct and a local government that supports new and existing businesses to establish and </span><span style="color:rgb(0, 0, 0);margin-inline-start:0cm;">grow.</span><br><br><br><span style="color:rgb(0, 0, 0);">Over the past 15 years, economic growth on the Sunshine Coast has outperformed almost every other regional economy in Australia, sparking a wave of new residential, office and </span><span style="color:rgb(0, 0, 0);margin-inline-start:0cm;">retail development.</span><br><br><span style="color:rgb(0, 0, 0);">The booming economy is being propelled forward by a highly educated, highly motivated workforce and a </span><span style="color:rgb(0, 0, 0);margin-inline-start:0cm;">uniquely entrepreneurial culture.</span><br><br><br><span style="color:rgb(51, 51, 51);"><b>Some of the new developments in the region includes:</b></span><br><br><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;">Sunshine Coast Airport Master Plan: $334 million expansion</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;">Bruce Highway: $1.6 billion expansion</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;">Maroochydore City Centre: $2.5 billion investment</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;">Mooloolah River Interchange: $320 million expansion</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;">Palmview: 16,000 new residents by 2036</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;">Sunshine Coast Health Precinct: $3.2 billion investment</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;">Aura: $7.0 billion investment</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;">Light Rail Project: $3.6 billion investment</span></p></li></ul>
Additional Location Information FileLittle Humid: <br><a style="color:rgb(44, 123, 208);display:inline;" target="_blank" href="https://littlehumid.com.au/"><u>Noosaville Restaurant: Fine Dining Along the Noosa River</u></a><span></span><br><br>The owner of Little Humid Restaurant, Neil Prem, has a distinguished culinary background. Neil has crafted a remarkable reputation, having served as a Head Chef in several leading Brisbane restaurants.<br><br>His impressive journey includes five transformative years as a chef aboard Princess cruise ships, where he perfected fine dining at sea. Additionally, Neil’s five years in prestigious five-star hotels worldwide have further enriched his expertise.<br><br>His diverse and international experience will elevate your dining experience, infusing it with innovation and exceptional taste.
Initial Term:
Security:
3 months + GST
Security Info:
3 months + GST
Please refer the attached
Additional Financial Information FileInitial Term:
Security:
3 months + GST
Security Info:
3 months + GST
3/255 Gympie Terrace, Noosaville 90m2 NLA, 64m2 internal 26m2 external with existing restaurant/cafe fit out Leased $88,500 March 2023 ($1,383/m2) based on internal 1/201 Gympie Terrace, Noosaville 121m2 NLA, 85m2 internal 36m2 external commercial kitchen & bar Leased $135,000 June 2023 ($1,588/m2) based on internal 1/229-231 Gympie Tce Noosaville 83m2 NLA plus 63m2 outdoor use area. (outdoor area not totally weatherproof) Leased $120k net Nov 2024 ($1,445 p/m2 based on internal area
Offer To Purchase:
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Due Diligence:
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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;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Investment oppurtunity in tightly held Noosa Market</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;">Highly sought aftre location </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;">Location: Overlooking the Esplanade and the Noosa River</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;">101m²* internal area plus 25m²* exclusive use outdoor area</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;">Current Rent: $111,347.60 per annum + recoverable outgoings GST (body corporate sinking fund not recoverable).</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;">Secured lease until September 2031 plus further 5 year option</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;">Prominent centre street position on Gympie Terrace, providing high level of daily foot traffic</span></p></li></ul>
