 Asset Class: | Industrial |
 Price: | $ 1702250 |
 Net Yield: | 6.00 % |
Net Yield - including solar strategy: | % |
 Property Market Status: | Off Market |
<p style=""><span style="font-weight:normal;">Centrally located on the coast in the sought after Coolum Eco Park, Palmier is just 20 minutes* from Noosa and 15 minutes* from the Maroochydore CBD.</span></p><br><p style=""><span style="font-weight:normal;">The property benefits from excellent street frontage due to its corner position and features generous on site parking with great accessibility for larger vehicles. The high-end finishes, coupled with exceptional functionality, are perfect for the tenant. </span></p><br><p style=""><span style="font-weight:normal;">Palmier, French for palm tree, is further expressed in the building’s façade and landscaping surrounds, offering a truly unique environment for likeminded businesses searching for that wow factor. Each unit features high clearance storage capabilities, upgraded 3 phase power supply, multiple roller doors (electric), kitchenette, multiple bathroom facilities (male/female/disability accessible) and well-proportioned mezzanines for versatility.</span></p><br><p style=""><span style="color:rgb(51, 51, 51);font-weight:normal;">This property is secured with a brand new 3-year net lease with further 3 options extending the lease to 2031. It also boats landlord friendly 3% fixed increases. </span></p><br><p style=""><span style="color:rgb(0, 0, 0);font-weight:normal;">This property represents an exceptional buying opportunity. </span><span style="font-weight:normal;">Don't miss the chance to capitalise on this fantastic opportunity to purchase a tenanted investment in a fully developed area with minimal option ever available.</span></p>
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?
Combined with the adjoining Centra Park estate, the Coolum industrial precinct comprises approximately 170 hectares* of industrial land with over 200 individual lots in the precinct making it one of the largest industrial hubs on the Sunshine Coast.<br><br>Coolum is a 15 minute* drive from Maroochydore’s CBD (via the Sunshine Motorway) and 20 minutes* from Hastings Street, Noosa Heads. Geographically, Coolum is centrally positioned to all major centres and destinations<br>on the Sunshine Coast.<br><br>The area has established itself as the major industrial hub for the northern region of the Sunshine Coast. Its proximity to the recently upgraded Sunshine Coast Airport has further enhanced its appeal with demand from owner occupiers and tenants increasing significantly over the past 18 months. <br><br>One of the key benefits of Coolum for industrial operations is its close proximity to the Coolum township, as well as its proximity to the Sunshine Motorway which offers easy access north and south throughout the coast.
Additional Location Information FileDharma Bums Pty Ltd<br><br><a style="color:rgb(44, 123, 208);display:inline;" target="_blank" href="https://www.dharmabums.com.au/"><u>Dharma Bums | Sustainable & Stylish Women's Activewear & Athleisure – Dharma Bums Yoga and Activewear</u></a><span></span>
Initial Term:
Security:
Security Info:
Please refer the attached file
Additional Financial Information FileInitial Term:
Security:
Security Info:
Subject Property: $165 Per Sqm 1 Palmetto Street (Cnr Kikuyu Rd), Chevallum Building: 1202m2 Land: 2,057m2 $204,340 net $170/m2 March 2024 Brand new warehouse under construction at present. Comparable 21 Service Street, Kuluin Building: 839m2 Land: 1,420m2 $146,825 net $175/m2 May 2024 1, 3 & 4/86 Quanda Road Coolum Beach QLD 4573: Currently on the market | Sizes ranging from 479 -675 m2: $180 Per Sqm 72-74 Link Crescent Coolum Beach QLD 4573: Currently on the market: $217 Per Sqm 1/11 Machinery Avenue, Warana: 399 m2 | $175 Per Sqm | 22-02-2023 2/11 Endeavour Drive, Kunda Park: 336 m2 | $177 Per Sqm | 23-01-2023 7 Edison Crescent, Baringa: 502 m2 | $236 Per Sqm | 23-04-2023
Offer To Purchase:
$
Initial Deposit:
$
Due Diligence:
days
Finance:
days
Settlement:
days
<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;">Brand new development - Significant Depreciation Benefits </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;">Only 6 units in the complex - Other 5 units are sold </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;">3 phase power – larger capacity to enhance operational efficiency</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;">Multiple roller doors – high clearance and automatic</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;">Approved mezzanines – maximise space utilisation and functionality</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;">Double height glazing – abundant natural light</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;">Road exposure and dual access – optimal visibility and convenience</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;">High quality build ensuring durability and style: LED lighting, NBN, automatic doors, tinted glazing and premium finishes</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;">Palm Springs inspired landscaping design elevates the visual appeal of the surroundings</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;">Great staff amenities: Kitchenette, male and female w/c plus additional disability compliant bathroom including a shower</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;">Plenty of on site parking</span></p></li></ul>
