 Asset Class: | Multi-Tenanted |
 Price: | $ 8730000 |
 Net Yield: | 6.50 % |
Net Yield - including solar strategy: | % |
 Property Market Status: | Off Market |
Presenting a strong performing off-market retail centre investment opportunity anchored by a 1,107 m2 IGA. The centre is further supported by a<span style="color:rgb(51, 51, 51);"> medical centre, pharmacy, child care, gym and additional Retail Service and Food & Beverage offerings.</span><br><br>The asset comprises a total land area of 8,042 square meters and a net lettable area of 2,302 square meters which gives site coverage of only 28% (future development potential). <br><br>Investing in this property offers the chance to generate a robust net income of $567,502 per annum, with annual increases varying between 2.8% or CPI, depending on the lease agreement. This incredible investment opportunity ensures continuous growth.
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?
<span style="color:rgb(0, 0, 0);">Bundaberg is one of Queensland's gracious coastal cities. Bundaberg is located 365 km north of Brisbane via the Bruce Highway on the Burnett River and it is 14 m above sea-level. It is located 13 km west from Bargara, the nearest coastal township. </span><br><br><span style="color:rgb(0, 0, 0);">It is considered the food bowl capital of Australia. The region is internationally recognised by iconic Australian brands such as Bundaberg Rum, Bundaberg Sugar and Bundaberg Brewed Drinks. </span><br><br><span style="color:rgb(0, 0, 0);">Bundaberg is building to become a leader in ag-tech, clean economy technology and development, eco-tourism, and defence supply. The region also leverages its agricultural base to manufacture many advanced food and beverage products.</span>
Additional Location Information File<b>IGA:</b><br><span style="font-weight:normal;">Website: </span><a style="color:rgb(44, 123, 208);display:inline;font-weight:normal;" target="_blank" href="https://www.iga.com.au/"><u>IGA Supermarkets | Independent Grocers of Australia</u></a><span style="font-weight:normal;"></span><br><span style="color:rgb(48, 48, 47);">IGA is a network of over 1,300 independent family-owned businesses that sit at the heart of local communities across Australia, giving back and supporting local producers, suppliers and charities wherever possible. </span><br><br><span style="color:rgb(0, 29, 53);"><b>Northstar Medical Bundaberg & Moore Park Beach:</b></span><br><span style="color:rgb(0, 29, 53);font-weight:normal;">Website: </span><a style="color:rgb(44, 123, 208);display:inline;font-weight:normal;" target="_blank" href="https://www.northstarmedicalcentre.com.au/"><u>Northstar Medical Centre - Skin Cancer Awareness & Prevention - Chronic Pain Management</u></a><span style="font-weight:normal;"></span><br><span style="color:rgb(0, 0, 0);">Northstar is a rural medical practice which draws the majority of its patients from the farming and service industry. We follow a holistic health model in the delivery of our treatments and offer mixed billing. Though our practice is still fairly new, our quality of care regularly draws clients from Gladstone, Gympie and other locations beyond our established service area. We’ve enjoyed tremendous support with 2600 patients and counting after just one year!</span><br><br><span style="color:rgb(0, 29, 53);"><b>Kids & Co Moore Park Beach:</b></span><br><span style="color:rgb(0, 29, 53);font-weight:normal;">Website:</span><span style="color:rgb(0, 29, 53);"><b> </b></span><a style="color:rgb(44, 123, 208);display:inline;font-weight:normal;" target="_blank" href="https://www.kidsnco.com.au/"><u>Kids & Co – Creating a Lifelong Love of Learning!</u></a><span style="font-weight:normal;"></span><br>Providing young children the gift of high quality education through personalised care and attention in a safe, happy, healthy and inclusive environment.<br><br><span style="color:rgb(0, 29, 53);"><b>Moore Park Beach 24/7 Gym:</b></span><br><span style="color:rgb(51, 51, 51);font-weight:normal;">Website: </span><a style="color:rgb(44, 123, 208);display:inline;font-weight:normal;" target="_blank" href="https://www.facebook.com/MooreParkBeach/"><u>https://www.facebook.com/MooreParkBeach/</u></a><span></span><br><br><p style=" padding-left:0px;"><span style="color:rgb(8, 8, 9);"><b>Moore Park Beach Pharmacy: </b></span></p><p style=" padding-left:0px;"><span style="color:rgb(8, 8, 9);font-weight:normal;">Website:</span><span style="color:rgb(8, 8, 9);"><b> </b></span><a style="color:rgb(44, 123, 208);display:inline;font-weight:normal;" target="_blank" href="https://www.facebook.com/MooreParkBeachPharmacy/"><u>https://www.facebook.com/MooreParkBeachPharmacy/</u></a><span style="font-weight:normal;"></span></p><br><span style="color:rgb(0, 29, 53);"><b>Andy’s Fish & Chips MPB:</b></span><br><span style="color:rgb(8, 8, 9);font-weight:normal;">Website: </span><a style="color:rgb(44, 123, 208);display:inline;font-weight:normal;" target="_blank" href="https://www.facebook.com/andysfishandchip/"><u>https://www.facebook.com/andysfishandchip/</u></a><span style="font-weight:normal;"></span><br><br><span style="color:rgb(0, 29, 53);"><b>A Cut Above @ Moore Park Beach:</b></span><br><br><span style="color:rgb(0, 29, 53);"><b>Paradise Bakehouse:</b></span><br><span style="color:rgb(0, 29, 53);font-weight:normal;">Website: </span><a style="color:rgb(44, 123, 208);display:inline;font-weight:normal;" target="_blank" href="https://www.facebook.com/p/Paradise-Bakehouse-100067733330829/"><u>https://www.facebook.com/p/Paradise-Bakehouse-100067733330829/</u></a><span style="font-weight:normal;"></span><br><br><span style="color:rgb(31, 31, 31);font-weight:normal;">T</span><span style="color:rgb(31, 31, 31);"><b>he Light of Asia MPB:</b></span><br>
Initial Term:
Security:
Security Info:
Please refer the attached
Additional Financial Information FileInitial Term:
Security:
Security Info:
Please see the attached
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-weight:normal;font-style:normal;">8,042 m2 of total land 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;">2,302 m2 of total net lettable 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;">Off-market retail centre investment opportunity anchored by a 1,107 m2 IGA (48% of the total net lettable 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;">Centre is further supported by medical centre, pharmacy, child care, gym and additional Retail Service and Food & Beverage offerings</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;">Site usage of only 28% - Future development potential (STCA)</span></p></li><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Strong exposure - Dual street frontage </span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);font-style:normal;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">WALE of 3.3 years</span></p></li></ul>
