 Asset Class: | Retail |
 Price: | $ 8100000 |
 Net Yield: | 6.60 % |
Net Yield - including solar strategy: | % |
 Property Market Status: | On Market |
Offered is Pines Point – a modern and high-performing shopping complex with 10 individual tenancies and anchored by Domino’s who have been here since 2012.<br> The centre is underpinned by a strong convenience retail focused demographic and supported by a dense surrounding residential catchment. <br>All tenants are on net leases and there is only one vacancy, that if not tenanted prior, will come with a 12-month guarantee paid out at settlement.<br><br>Pines Point is in Pacific Pines, a rapidly growing suburb on the Gold Coast. It is in a central position <br>within a thriving commercial precinct and allowing seamless connectivity to the Pacific Motorway M1. <br>Conveniently, the centre sits adjacent to McDonald's and neighbours The Pinnacle Pines and Pacific Pines Town Centre, anchored by Woolworths, Terry White, Snap Fitness, and BWS. <br><br>The property sits on a 2,910m2* parcel of land, has a NLA of 858m2* and convenient parking catering to 46* vehicles, plus a loading zone for tenants. <br>It provides a first-year net income of $519,016* pa after all outgoings, including land tax. The centre’s key tenants include Domino’s and Sandy’s Bar & Grill, both with long-term leases extending to 2032 and 2037 respectively. <br>Other complimentary tenants include Pure Aqua Pool Care (since 2011), GC Advanced Skin Therapy (since 2015), Coronis and Nail Spa who are all on 3-year leases. <br>DDW Chinese (here since 2018) are on a 4-year lease and Saleena Indian are just about to renew their 5-year lease early, extending to 2029.<br>This is a Rethink exclusive and trophy asset with longstanding tenants all on net leases, making it an easy to manage investment, plus comes with a $500,000 reduction already negotiated off the price
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The Gold Coast is Australia’s largest non-capital city and one of the fastest growing, recording the nation’s largest population growth outside of capital cities in 2021. <br>Less than an hour’s drive from Brisbane, the Gold Coast is serviced by two international and domestic airports and welcomes close to 12 million* visitors each year. <br>Dubbed Australia’s premier tourist destination, the city offers a vibrant mix of shopping, accommodation, theme parks, restaurants, entertainment, and events, plus an abundance of natural attractions.<br>The city is home to 722,000 residents, which is expected to increase to 1,200,000 residents by 2050. The Gold Coast has a diverse economy with $13.5 Billion in infrastructure projects underway.<br>During the 2021-2022 financial year, the City generated $40.98 Billion in Gross Regional Product, which was underpinned by several knowledge-based industries such as health, ICT, advanced manufacturing, education and professional services.<br><br><br><b>Queensland Growth</b><br><br>Queensland’s $360 billion economy has been supported by continued, strong population growth and a resource boom over the past two decades, exceeding the national average and placing the state in a strong position to exceed growth expectations.<br>QLD has seen a 1.8% growth rate in its retail trade during the last 12 months, resulting in an increase of $129 million. QLD’s employment rate saw a growth rate of 2.6% as at May 2023, resulting in an increase of 70,800 individuals. <br>This rise in employment was particularly notable in the full-time sector representing 74%.
Additional Location Information File<b>Tenancy Overview</b><br><br><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;">Domino's (ASX: DMP) is Australia's largest pizza chain by store count and sales, and the world's largest franchisee of the US Domino's Pizza brand. </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;">Holding exclusive master franchise rights in 12 markets, including Australia, New Zealand, and several European and Asian countries, Domino's operates over 3,800 stores globally.</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;"> Between FY21 and FY22, the company's network revenue grew by 4.6% to $3.918 billion.</span></p></li></ul></ul><br><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;">Gold Coast Advanced Skin Therapy is a multi-award-winning clinic, is a top destination for skin and facial treatments. </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;">Their space features two modern consultation/treatment rooms with a hi spec fit-out, including chandeliers, Vogue painting, and boutique furniture.</span></p></li></ul></ul><br><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;">Sandy’s Bar & Grill, established in 2014, offers American dining to the local area. </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;">Open 7 days a week, it features a diverse menu including steak, seafood, pizza, pasta, and breakfast.</span></p></li></ul></ul><br><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;">Coronis is Australia's only fully integrated property business, offering services in sales, rentals, finance, legal, and estate planning. </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;">Coronis was established by CEO Andrew Coronis, have over 30 years history and today have built a strong network managing 8,000+ investment properties and has been awarded Australia’s Major Independent of the Year (REB) three times.</span></p></li></ul></ul><br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;margin-inline-start:0px;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Pure Aqua Pool Care is a family owned and operated Pool & Spa Retail / Service Business located on the Gold Coast. </span></p></li><ul style="list-style-type:circle;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;margin-inline-start:0px;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Their operation began within the centre in 2012, with the current owner acquiring the business in 2015.</span></p></li><li style="list-style-image:none;margin-inline-start:0px;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> The team prides themselves on offering a comprehensive range of Pool & Spa supplies, as well as equipment and maintenance programs.</span></p></li></ul></ul>
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25 Pitcairn Way, Pacific Pines – 858m2 - $624/m2 Nightowl – North Lakes – 180m2 - $677/m2 (2023 data) 1613 Anzac Avenue, Kallangur – 600m2 - $730m2 (2023 data) 1374 Gympie Road, Aspley – 796m2 - $651/m2 (2023 data) 318 Wardell Street, Enoggera – 806m2 - $468/m2 (2023 data)
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<br><ul style="list-style-type:square;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;">Modern Domino’s anchored shopping centre built in 20</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;">Ideal position in one of the busiest shopping precincts</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;">Zoned: Mixed use</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;">Land: 2,910m2*</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;">NLA: 858m2*</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 $535,700* pa</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;">Income is after all outgoings, including land tax</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;">Parking: 46* bays, plus loading zone</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;">Compounding 3% and 4% fixed rental increases</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;">Several tenants here within the first 3 years the centre was built (2012)</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;">Central Pacific Pines location, supported by a dense residential catchment</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;">Indian restaurant taking up their option, which come into effect before settlement</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;">Woolworths, BWS, McDonalds and 7 Eleven within direct proximity</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;">Easy connectivity to the local community and access to Pacific Motorway M1</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;">Gold Coast: High Growth area with diverse economy with $13.5b in projects underway</span></p></li></ul>
