 Asset Class: | Retail |
 Price: | $ 600000 |
 Net Yield: | 7.50 % |
Net Yield - including solar strategy: | % |
 Property Market Status: |
Presenting an outstanding entry-level, high yielding retail-market investment opportunity, located at <span style="color:rgb(51, 63, 72);padding-left:0px;font-style:inherit;font-weight:normal;margin-inline-start:0px;">216-218 Adelaide Street, </span><span style="color:rgb(51, 63, 72);padding-left:0px;font-style:inherit;font-weight:normal;">Maryborough, QLD 4650.</span><br><br>The property comes with a 3-year net lease until the 30th June 2027 with further 3 years in options extending the lease to 2030. <br><br>Single-tenant investments positioned in high growing areas with strong leases are rarely available on the market. Therefore, we encourage your strong consideration of this outstanding investment opportunity.,<br>
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Maryborough is located within the Fraser Coast Region and a short trip to the well-known holiday destinations, Hervey Bay, and Fraser Island. Maryborough is one of Queensland’s oldest cities and was a major commercial and industrial port in the late 1800s and was once a major port of entry for immigrants arriving in Queensland from all parts of the world. With such a rich history, the city offers many impressive heritage experiences as many of the original buildings have been preserved. <br><br>The original port district is now a heritage precinct with colonial buildings, sensational riverside parks, art galleries and museums, historic pubs, steam trains and river cruises. The city also has had traditional ties to the timber industry and is home to Hyne Timber, one of the largest and oldest producers of natural timber products in Australia.<br><br><b><u>Location Benefits </u></b><br><br>The Fraser Coast is a dynamic and evolving region and sits at the hub of the Wide Bay-Burnett, one Australia’s fastest growing regions and the gateway to the resource-rich Central Queensland. The region is centred on the twin cities of Hervey Bay and Maryborough and has direct road, rail and air access to major domestic centres including resource sectors to the west and north. <br><br>Located only 250km north of Brisbane, the Fraser Coast is accessible from the Bruce Highway, with convenient rail and port connections. For those travelling interstate, it’s 90 minutes by plane from Sydney.
Additional Location Information File<b>Lifeline Shop</b><br><br>Website: <a style="color:rgb(44, 123, 208);display:inline;" target="_blank" href="https://www.lifelineqld.org.au/shops-and-events/shops"><u>Lifeline Shops | Lifeline Queensland</u></a><span></span>
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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-style:normal;"><b>Tenant's Name:</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> The Uniting Church of Australia </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-style:normal;"><b>Total NLA:</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">529 m2</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-style:normal;"><b>Total Land Area:</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> 529 m2 </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-style:normal;"><b>Lease Start Date:</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> 30-06-2024</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-style:normal;"><b>Lease End Date: </b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">30-06-2027</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-style:normal;"><b>Options:</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> 3 years (2030)</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);font-weight:bold;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Net Income: </b></span><span style="font-weight:normal;color:rgb(51, 51, 51);font-style:normal;">$45,338.64</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-style:normal;"><b>Outgoings: </b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">100% to be paid by the tenant including rates and management | property is under the land tax threshold </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-style:normal;"><b>Annual Increases:</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> CPI </span></p></li></ul><br><p style="">Notes: The seller have recently completed repair works on the roof, with new box gutters and awning so according to the seller there should not be any maintenance issues</p>
Additional Financial Information FileInitial Term:
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Subject Property: $85 Per Sqm 1/131-143 Bazaar Street, Maryborough – 407m2 - $219/m2 2/131-143 Bazaar Street, Maryborough – 176m2 - $217/m2 Lot within/131-143 Bazaar Street, Maryborough – 68m2 - $238/m2* circa 5/131-143 Bazaar Street, Maryborough – 65m2 - $216/m2* circa 10/166 John Street, Maryborough – 60m2 - $220/m2* circa
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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;">Rare high yielding asset</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;">Leased by the Uniting Church in Australia operating as Lifeline Retail Store</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;">Longterm Tenant - Tenants since 2012 (15 years)</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;">Newly exercised thier option until June 2027 with further options</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;">Walking distance from Maryborough town centre, a major activity and employment node home to Bunnings, Woolworths, Coles, Aldi, BigW, Dan Murphys, GyG, McDonalds, KFC, 7-Eleven</span></p></li></ul>● Maryborough, Central hub of the Fraser Coast $4.79 billion economy, 25% forecast population growth to 2041, strong industrial, energy and resources industries, new $4.6B Downer Queensland Train Manufacturing Program<br>● Fraser Coast, trade catchment 107,000+ & 4.3 million visitors annually, experiencing significant population growth<br><br>
