 Asset Class: | Retail |
 Price: | $ 3230000 |
 Net Yield: | 7.00 % |
Net Yield - including solar strategy: | % |
 Property Market Status: | Off Market |
This exceptional investment opportunity presents a rare chance to acquire a premium retail property, Royal Oak Plaza, located in Mysterton, a suburb in Townsville—one of Australia's top regions for capital growth over the next 3+ years. The asset is ideally positioned, approximately 10 minutes from Townsville’s CBD and airport. Located on Charters Towers Road, a major thoroughfare, the property enjoys easy access to and from the city and surrounding suburbs.<br><br>The site spans a total area of 3,308 square meters with a net lettable area of 1,069 square meters. It is leased to 7 tenants, offering a diversified long-term income stream. Tenants include Janome, Australia’s largest sewing machine company, along with a psychologist, Explore Property Munro & Co Estate agency, Wearitto, Concord Tax & Business Solutions and External IT Managed IT. Additionally, there are 62 car parks on-site. The current owner has invested $40,000 in new flooring and internal painting for Unit 2, along with $20,000 for a new air conditioning system for the 263H tenant.<br><br>This investment opportunity offers the potential for a strong net income of $226,770.88 per annum, with annual rental increases tied to market reviews, CPI, or 3%, ensuring consistent growth.
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Is this lease a leaseback arrangement?
Queensland’s largest regional city, and 4th largest overall, Townsville is a growing city located in North Queensland, with an estimated population of 200,000 people as of April 2022.<br> <br>The city offers a vibrant lifestyle with a population estimated to reach over 314,000 by 2036 in addition to a significant annual tourism influx, which generated over $520m in value added benefits for 2019/20.<br> <br>Townsville has a diverse and developed economic profile with its annual regional output of $34.3 billion account for 4.6% of the total Queensland output. This economic performance is underwritten by strong defence, health care and construction industries, with further industries including education, manufacturing and finance strengthening the economic diversity of the region.<br> <br>Townsville’s future growth has been further secured through the ongoing Townsville City Deal. A 15 year commitment between federal, state and local governments first signed in December 2016, the City Deal aims to support a prosperous economic future for Townsville and position the city as a vibrant, liveable and innovative place to live.
Additional Location Information File<br><p style=""><a style="color:rgb(0, 0, 0);display:inline;" target="_blank"><u>Janome Townsville:</u></a><a style="color:rgb(5, 99, 193);display:inline;" target="_blank"><u> </u></a><a style="color:rgb(44, 123, 208);display:inline;" target="_blank" href="https://www.janome.com.au/dealers/janome-townsville/"><u>https://www.janome.com.au/dealers/janome-townsville/</u></a><a style="color:rgb(5, 99, 193);display:inline;" target="_blank"></a></p><p style=""><span style="color:rgb(0, 0, 0);"><u> </u></span></p><p style=""><span style="color:rgb(0, 0, 0);">Janome is the number 1 sewing machine company in Australia, and one of the largest in the world. A leading innovator, Janome is dedicated to bringing the latest technologies and professional-grade sewing functionalities into the home.</span></p><p style=""><span style="color:rgb(0, 0, 0);"><u> </u></span></p><p style=""><span style="color:rgb(0, 0, 0);"><u>Concord Tax & Business Solutions:</u></span><span style="color:rgb(0, 0, 0);"> </span><a style="color:rgb(5, 99, 193);display:inline;" target="_blank" href="https://www.concordtbs.com.au/"><u>https://www.concordtbs.com.au</u></a><span style="color:rgb(0, 0, 0);"></span></p><p style=""><span style="color:rgb(0, 0, 0);"> </span></p><p style=""><span style="color:rgb(0, 0, 0);">Concord Tax & Business Solutions is a highly experienced team of tax and small business accountants in Townsville. The business was established on May 24th, 1984, by Michael Dunkley. He dedicated 16 years to growing the business and building a respected team of Certified Practising Accounts (CPA’s).</span></p><p style=""><span style="color:rgb(0, 0, 0);">When Michael retired in the early 2000’s, Chris Byrne and employees took over the accounting firm and further developed the business advisory side. Fast forward to 2017, Theresa O’Connor and her business partner Colin Hawes, purchased the business. They are both qualified CPA’s who share a passion for small business accounting.</span></p><br><span style="color:rgb(0, 0, 0);margin-inline-start:0cm;"><u>Explore Property Munro & Co Townsville:</u></span><span style="color:rgb(0, 0, 0);margin-inline-start:0cm;"> </span><br><p style=""><a style="color:rgb(5, 99, 193);display:inline;" target="_blank" href="https://explorepropertymunro.com.au/"><u>https://explorepropertymunro.com.au</u></a><span style="color:rgb(0, 0, 0);"></span></p><p style=""><span style="color:rgb(0, 0, 0);"> </span></p><p style=""><span style="color:rgb(0, 0, 0);">Explore Property is a local real estate agency that assists clients with buying, renting, and selling their properties.</span></p><p style=""><span style="color:rgb(0, 0, 0);"> </span></p><p style=""><span style="color:rgb(0, 0, 0);"><u>External IT Managed IT Townsville:</u></span><span style="color:rgb(0, 0, 0);"> </span><a style="color:rgb(5, 99, 193);display:inline;" target="_blank" href="https://externalit.com.au/?gad_source=1&gbraid=0AAAAAqsmRrkNWirCc7HYa8zy2Sv9-79vV&gclid=Cj0KCQjwu-63BhC9ARIsAMMTLXQOP5A2_5Vbl_V20CLxBGha461N_1G7MqOytKtGpJjPMV0X7pazYjgaAr9pEALw_wcB"><u>https://externalit.com.au/?gad_source=1&gbraid=0AAAAAqsmRrkNWirCc7HYa8zy2Sv9-79vV&gclid=Cj0KCQjwu-63BhC9ARIsAMMTLXQOP5A2_5Vbl_V20CLxBGha461N_1G7MqOytKtGpJjPMV0X7pazYjgaAr9pEALw_wcB</u></a><span style="color:rgb(0, 0, 0);"></span></p><p style=""><span style="color:rgb(0, 0, 0);"> </span></p><p style=""><span style="color:rgb(0, 0, 0);">External IT started in Townsville in August 2012 where they quickly identified a market to provide a High-level of Professional IT support and services to Business in the Townsville region. Now, they are supporting businesses across Queensland, from Cairns to Brisbane.</span></p><br><p style=""><a style="color:rgb(0, 0, 0);display:inline;" target="_blank"><u>Psychology and Therapeutic Health Townsville:</u></a><a style="color:rgb(5, 99, 193);display:inline;" target="_blank"><u> </u></a><a style="color:rgb(44, 123, 208);display:inline;" target="_blank" href="https://pathtsv.com/"><u>https://pathtsv.com</u></a><a style="color:rgb(5, 99, 193);display:inline;" target="_blank"></a></p><p style=""><span style="color:rgb(0, 0, 0);"> </span></p><p style=""><span style="color:rgb(0, 0, 0);">PATH is a bulk billing service which provides treatment for adults presenting with a variety of issues or challenges. The Staff at PATH are experienced and compassionate psychologists. They are passionate and motivated about aiding their clients to achieve their individual potential. PATH aim to increase access to psychological services to all people independent of their financial situation. </span></p><p style=""><span style="color:rgb(0, 0, 0);"><b><u> </u></b></span></p><p style=""><span style="color:rgb(0, 0, 0);font-weight:normal;"><u>Wearitto Townsville:</u></span><span style="color:rgb(0, 0, 0);font-weight:normal;"> </span><a style="color:rgb(5, 99, 193);display:inline;font-weight:normal;" target="_blank" href="https://www.wearitto.com.au/media-centre/townsvillestoreopens/"><u>https://www.wearitto.com.au/media-centre/townsvillestoreopens/</u></a><span style="color:rgb(0, 0, 0);font-weight:normal;"></span></p><p style=""><span style="color:rgb(0, 0, 0);"> </span></p><p style=""><span style="color:rgb(0, 0, 0);">Wearitto is an industry leading in-school retailing and manufacturing of smart clothing solutions. The company was established as Ys Clothing Company almost 40 years ago and it operates nationally and internationally in uniform design, manufacturing, wholesaling, retailing, marketing, and management.</span></p>
Initial Term:
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Security Info:
263A Carmel Gage – Janome – 168 sqm - $250/sqm 263A1 Syntoch Pty Ltd – 166 sqm - $292.77/sqm 263 G & F & J – Explore Property – 298 sqm - $302.01/sqm 263H Larissa Chandler – 130 sqm - $275.93/sqm 263K External IT Pty Ltd – 79 sqm - $290/sqm 263J Larissa Chandler – 97 sqm - $288.66/sqm 2/263 Weareco Pty Ltd – 131 sqm - $229.01/sqm
Offer To Purchase:
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Initial Deposit:
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Due Diligence:
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Finance:
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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;">Retail Building</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;">Prime Location:</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;">Situated on Charters Towers Road, a major thoroughfare with easy access to the city and surrounding suburbs.</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 Area - 3,308 square meters</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 Lettable Area - 1,069 square meters</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;">62 on-site car parks*</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;">Diversified Long-Term Income Stream</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 to 7 Tenants</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;">Recent Owner Investments -</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;">$40,000 spent on new flooring and internal painting for Unit 2</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;">$20,000 invested in a new air conditioning system for tenant 263H</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 - $226,770.88 per annum</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;">Annual Rental Increases - Market Reviews, CPI, or 3%</span></p></li></ul>
