![]() Asset Class: | Office |
![]() Price: | $ 1845000 |
![]() Net Yield: | 8.77 % |
![]() Net Yield - including solar strategy: | % |
![]() Property Market Status: | Off Market |
This exceptional commercial property presents a rare opportunity to acquire a premium office space in the high-growth city of Rockhampton. Strategically located in the heart of Rockhampton’s main commercial office and business precinct, the property is home to a mix of retail and hospitality tenants. It enjoys excellent accessibility, being less than 10 minutes from Rockhampton Airport. <br><br>The property has recently been strata-titled and offers a total net lettable area of 1,073 square metres, including a proposed additional meeting room. Fully tenanted, it accommodates two reputable tenants: Southern Cross Austereo, which holds a strong 10-year lease, and Access Recreation. <br><br>Access Recreation has purchased land where they plan to construct their own facility. Before construction can commence, the existing buildings on the site must be removed. Given this timeline, they are highly likely to exercise their lease options to align with their construction schedule. <br>The property also features high-quality fit-outs, including SCA’s fit-out, valued at over $1,000,000. Additionally, it offers excellent parking facilities, with 20 dedicated spaces. <br><br>This investment opportunity generates a robust net income of <span style="color:rgb(0, 0, 0);">$161,747.67</span> per annum, with annual rent increases ranging from CPI to 3%, depending on lease terms. With its strong tenant mix and consistent rental growth, this property offers an exceptional opportunity for investors.
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?
Rockhampton, is a thriving regional city located in Central Queensland. Over the years, it has experienced significant growth in various sectors, contributing to its status as a key economic hub in the region. One of those sectors being population growth, in 2021 it was 92,324, and is projected to grow to 104,100 by 2031. <br><br>The city's growth can be attributed to several factors, including its strategic location as a major transportation and logistics centre. Situated on the Fitzroy River, Rockhampton serves as a gateway to the Bowen Basin, one of the world's largest coal reserves. This proximity to natural resources has fuelled the growth of industries such as mining, resource extraction, and related services. <br>Moreover, Rockhampton boasts a diverse economy that extends beyond mining. Agriculture plays a vital role in the region, with the fertile land supporting a range of agricultural activities. The city's reputation as the Beef Capital stems from its thriving cattle industry, which encompasses both beef production and processing. <br><br>In addition to mining and agriculture, Rockhampton has seen growth in sectors such as education, healthcare, and tourism. The presence of reputable educational institutions, including Central Queensland University, has attracted students from across Australia and abroad. The healthcare sector is supported by modern medical facilities and a growing healthcare services industry.
Additional Location Information File<p style=" padding-left:0px;">Southern Cross Austereo: <a style="color:rgb(5, 99, 193);padding-left:0px;display:inline;" target="_blank" href="https://www.sca.com.au/"><u>https://www.sca.com.au/</u></a><span style="color:rgba(0, 0, 0, 0.847);padding-left:0px;"> </span></p><br>Southern Cross Austereo (SCA) is one of Australia’s leading media and entertainment companies, delivering a diverse range of broadcast, digital, and audio content. With a strong portfolio of brands across radio, television, and digital platforms, SCA reaches millions of Australians every week. <br>The company operates some of Australia’s most iconic radio stations, including Triple M and Hit Network, offering a blend of music, entertainment, and news. SCA also manages Channel 9’s regional television network, providing local content and coverage to audiences across the country. <br>Through its innovative approach to media and technology, Southern Cross Austereo continues to expand its reach with cutting-edge digital and streaming services, catering to evolving audience needs in a rapidly changing media landscape. With a commitment to quality content, SCA is a trusted leader in the Australian media industry, delivering engaging experiences to audiences and valuable partnerships to advertisers. <br><br><p style=" padding-left:0px;">Access Recreation:<span style="color:rgb(213, 0, 50);padding-left:0px;"> </span><a style="color:rgb(5, 99, 193);padding-left:0px;display:inline;" target="_blank" href="https://accessrec.org.au/"><u>https://accessrec.org.au/</u></a><span style="color:rgba(0, 0, 0, 0.847);padding-left:0px;"> </span></p><br>Access Recreation is a non-profit organization dedicated to providing inclusive recreational opportunities for people with disabilities. Based in Queensland, they offer a variety of sports, social, and community activities designed to enhance independence, well-being, and social connections. <br>Access Recreation works closely with individuals, families, and carers to ensure that everyone, regardless of ability, has the chance to participate in meaningful and enjoyable activities.
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Security Info:
2/80 Denham Steet Rockhampton: Access Recreation – 690 sqm - $190/sqm Southern Cross Austereo – 383 sqm - $197/sqm 1/80 Denham Street Rockhampton: Red Rooster Admin - 84 sqm - $273.81/sqm Suncare Community - 217 sqm - $270/sqm Smith Family - 139 sqm - $244.16 Solcasa Pty Ltd - 448 sqm - $260/sqm 2/102 Denham Street - 241 sqm - $200/sqm 5/130 Victoria Parade - 231 sqm - $231/sqm 226 Bolsover Street - 197 sqm - $197/sqm
Offer To Purchase:
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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-weight:normal;font-style:normal;">Premium commercial property located in the high-growth city of Rockhampton, in the heart of the main commercial office and business precinct. </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;">Recently strata-titled </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;">Net lettable area - 1,073 sqm + an additional proposed meeting room. </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;">Fully tenanted by two reputable tenants: </span></p></li><ul style="list-style-type:circle;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;">Southern Cross Austereo (10-year lease) </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;">Access Recreation </span></p></li></ul><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;">High-quality fit-outs: </span></p></li><ul style="list-style-type:circle;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;">SCA fit-out valued at over $1,000,000 </span></p></li></ul><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;">20 dedicated car parking spaces. </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;">Net income - $161,747.67 per annum </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;">Annual rental increases - CPI or 3% depending on lease terms. </span></p></li></ul>