 Asset Class: | Retail |
 Price: | $ 1360000 |
 Net Yield: | 7.21 % |
Net Yield - including solar strategy: | % |
 Property Market Status: | On Market |
<p>Presenting an exceptional entry-level investment opportunity in the heart of Tamborine Mountain's thriving tourist district. This multi-tenanted retail centre offers a solid income stream with strong growth potential in one of Queensland's most picturesque destinations.</p> <p>Anchored by a new three-year lease to the established Iris Imaging radiology service and supported by favourable leases to longstanding food and beverage tenants, this property delivers reliable returns with minimal management requirements. The diverse tenancy mix includes popular eateries Pippin Took and Gaslight Pizzeria, a café, and a soon-to-open Yoga/Pilates studio.</p> <p>The property comprises two retail buildings constructed in 1992, offering a combined net lettable area of 429sqm across six tenancies. Situated on a generous 923sqm corner site with ample on-site parking, the centre enjoys prominent street frontage along Southport Avenue, a major thoroughfare in the Tamborine Mountain region.</p> <p>Strategically positioned just 3km from Mount Tamborine's primary commercial hub and adjacent to Eagle Heights Shopping Village, this investment benefits from steady foot traffic and the area's growing tourism economy. With over 2 million visitors annually exploring the region's glow worm caves, skywalk tours, wineries, and natural attractions, the property is well-positioned to capitalize on the area's popularity.</p> <p>With a net income of $111,948 per annum plus GST and located within a region projected to experience significant population growth to 67,000 by 2041, this entry-level retail centre represents a compelling investment opportunity in a beautiful and economically robust part of Queensland's Scenic Rim region.</p>
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<p>Tamborine Mountain sits in the heart of Queensland's <strong>Scenic Rim Region</strong>, approximately 71km south of Brisbane. This picturesque mountain rainforest region is renowned for its breathtaking scenery, which has fueled its renaissance as a thriving tourist destination attracting over <strong>2 million visitors annually</strong>.</p> <p>The property enjoys a strategic location adjacent to Eagle Heights Shopping Village, a major retail centre anchored by Foodworks and supported by various specialty retailers. Within just 3km, residents and visitors can access Mount Tamborine's main commercial precinct featuring numerous food and beverage options and essential social infrastructure.</p> <p>The Scenic Rim economy is diverse and growing steadily, with major infrastructure projects like the Beaudesert Enterprise Precinct and developments within the Bromelton State Development Area driving further economic expansion. The Commonwealth Government has committed <strong>$8.4 billion</strong> to deliver the Inland Rail Project, enhancing connectivity between Brisbane and Melbourne.</p> <p>With population projected to increase substantially to <strong>67,000 by 2041</strong>, the region requires significant investment in new housing and job creation, positioning Tamborine Mountain as an attractive location for property investment with strong long-term growth prospects.</p>
Additional Location Information File<p>The property features a diverse and complementary mix of <strong>six tenancies</strong> across food and beverage, professional services and healthcare categories.</p> <p><strong>Iris Imaging</strong> serves as the anchor tenant, providing integrated radiology and imaging services with a strong 15-year operating history in the region. Their new three-year lease to October 2025 includes fixed annual 5% rent increases. Iris Imaging operates across three locations (Helensvale, Browns Plains and Mount Tamborine) and specializes in CT scans, ultrasounds, radiology, OPG, bone density tests and mammography.</p> <p><strong>Pippin Took</strong> is a renowned local restaurant representing the second iteration of a successful Brisbane establishment that previously operated for 12 years. This re-invented space combines modern design elements with the charm of the original concept, operated by experienced hospitality professionals.</p> <p><strong>Gaslight Pizzeria</strong> has been operating since 2016 and is a privately owned establishment focused on affordability and using fresh local ingredients.</p> <p>Complementing these food tenancies is a <strong>privately owned café</strong> that operates 7 days a week from 6:30am and a <strong>Yoga/Pilates Studio</strong> set to open in the coming year.</p> <p>This tenant mix creates natural synergies that drive foot traffic throughout the centre, while the staggered lease expiry profile provides income security and management flexibility.</p>
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<p>This investment opportunity delivers a robust income stream with a <strong>net annual return of $111,948 plus GST</strong>, providing an attractive yield for investors seeking stable commercial property returns.</p> <p>The total gross income of <strong>$144,565 pa + GST</strong> comprises $135,068 in base rental income plus $9,497 in recoverable outgoings from IRIS Imaging. After accounting for outgoings totaling $32,617, which include utilities, maintenance, insurance, and property management fees, the property maintains strong positive cash flow.</p> <p>Anchor tenant Iris Imaging contributes significantly to the income security with a base rent of <strong>$30,318 pa + GST</strong> on a new three-year lease to October 2025 with fixed annual 5% rent increases. Supporting tenants include Pippin Took ($30,413 pa), Gaslight Pizzeria ($20,868 pa), the Café ($23,463 pa), and the Yoga/Pilates Studio ($32,770 pa), all with newly negotiated favourable lease terms.</p> <p>Most leases include <strong>annual CPI or fixed percentage reviews</strong>, providing built-in income growth and inflation protection. The diverse tenancy mix across retail and professional services reduces vacancy risk while creating natural foot traffic synergies between complementary businesses.</p>
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<p class="mb-4">21-23 Southport Avenue, Tamborine Mountain - 429m2 - $228/m2</p><p class="mb-4">13-19 Southport Avenue Tamborine Mountain - 1,073m2 - $236m2 (is office so lower cost/sqm)</p><p class="mb-4">1-3 Main Western Road, Tamborine Mountain - $400/m2 </p>
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<ul class="bullet-list"><li><p class="mb-4">Retail centre in a high-growth Gold Coast hub</p></li><li><p class="mb-4">Entry level price point with ample future upside</p></li><li><p class="mb-4">Anchored by IRIS Imaging</p></li><li><p class="mb-4">Diverse medical and retail tenancy mix, most longstanding tenants</p></li><li><p class="mb-4">Zoned: Neighbourhood Centre</p></li><li><p class="mb-4">NLA: 412m2*</p></li><li><p class="mb-4">Land: 923m2*</p></li><li><p class="mb-4">Net Income: $98,152 + GST</p></li><li><p class="mb-4">We've accounted for all outgoings incl. Management, insurance and land tax</p></li><li><p class="mb-4">Favourable annual CPI reviews</p></li><li><p class="mb-4">Ample on-site parking</p></li><li><p class="mb-4">Strategic location adjoining Eagle Heights Shopping Village anchored by Foodworks & supported by various specialty retailers</p></li><li><p class="mb-4">Prime position in the Mount Tamborine tourist regions - a popular tourism destination in the Gold Coast Hinterland</p></li><li><p class="mb-4">Scenic Rim: strong and dynamic economy with a population projected to increase exponentially to 67,000 by 2041*</p></li></ul>
