 Asset Class: | Medical |
 Price: | $ 2922000 |
 Net Yield: | 6.50 % |
Net Yield - including solar strategy: | % |
 Property Market Status: | Off Market |
<span style="color:rgb(0, 0, 0);">Presenting an outstanding </span><span style="color:rgb(0, 0, 0);">investment opportunity to acquire a 100% freehold retail interest in 27-29 Goondoon Street Gladstone Central 4680 QLD Australia. </span><br><span style="color:rgb(0, 0, 0);">This property is featuring a 800 m2* of net lettable area situated atop of 1,967 m2* of ‘Principal Centre Zoned land which gives site coverage of only 40% (future development potential – STCA*).</span><br><br>Testament to the profile and strength of this tenancy and the location, this property is surrounded by several high-profile tenants and operators in the region such as Gladstone<br>Port, Gladstone Library, <span style="color:rgb(32, 33, 36);font-weight:normal;">Gladstone Entertainment Convention Centre, Oaks Hotel, McDonalds and Gladstone Magistrates Court.</span><br><br>Investments positioned in high growing areas with further potential are rarely available on the market. Therefore, we encourage your strong consideration of this outstanding investment opportunity with 6.4%+ net return.
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The Gladstone Region provides a population of over 60,000 people and is home to Queensland’s largest multi-commodity port. It offers an enviable lifestyle within a strong and dynamic economy. With two of the world’s largest alumina refineries, Queensland’s largest multi commodity port and a number of other major industrial giants sited locally, the Gladstone region is known for its employment opportunities and skilled workforce. <br><br>The Gladstone State Development Area continues to attract large industry to the region, including coal, alumina, aluminium, cement products and liquid ammonia. A recent announcement from Rio Tinto and Sumitomo via the Gladstone Regional Council states that the design study and preliminary master planning for a hydrogen system has commenced which will result in thousands of jobs to the region.
Additional Location Information FileNhulundu Health Services: <br><span><a target="_blank" href="https://www.nhulundu.com.au/">https://www.nhulundu.com.au/</a></span><br><br>
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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(36, 36, 36);"><p style="display:inline;"><span style="color:inherit;font-style:inherit;font-weight:normal;padding-left:0px;">Current rent $ 199,962.96 +GST</span></p></li><li style="list-style-image:none;color:rgb(36, 36, 36);"><p style="display:inline;"><span style="color:inherit;font-style:inherit;font-weight:normal;padding-left:0px;">CPI increase on the 1st April 2025</span></p></li><li style="list-style-image:none;color:rgb(36, 36, 36);"><p style="display:inline;"><span style="color:inherit;font-style:inherit;font-weight:normal;padding-left:0px;">Commencement Date : 03/04/2017</span></p></li><li style="list-style-image:none;color:rgb(36, 36, 36);"><p style="display:inline;"><span style="color:inherit;font-style:inherit;font-weight:normal;padding-left:0px;">Current Term End date: 01/08/2027</span></p></li><li style="list-style-image:none;color:rgb(36, 36, 36);"><p style="display:inline;"><span style="color:inherit;font-style:inherit;font-weight:normal;padding-left:0px;">Options : 5x5 Years</span></p></li><li style="list-style-image:none;color:inherit;font-style:inherit;"><p style="display:inline;"><span style="color:inherit;font-style:inherit;font-weight:normal;padding-left:0px;">True Net Income after 5% management fee: $189,962.96</span></p></li></ul>
Additional Financial Information FileInitial Term:
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Subject property: $237 Per Sqm - 173 Goondoon Street, Gladstone QLD 4680 Superior building with lift. Floor Area:574 m2 approx. Land Area:600 m2 approx Leased 14/03/19 Lease Price: $189,420.00 + GST + Outgoings $330 per m2 + GST + Outgoings - 3/174 Goondoon Street, Gladstone QLD 4680 Floor Area: 278 m2 Leased: 01/07/23 Lease Price: $75,000.00 + GST + Outgoings $269 per m2 + GST + GST + Outgoings - 175 Goondoon Street, Gladstone QLD 4680 Multi Tenanted Floor Area: 323m2 Land Area: 604m2 Leased 01/02/2022 Lease Price: $112,215 $347 m2 - Shop 4B/174 Goondoon Street Gladstone Central QLD 4680 – Currently in the market for $40,000 (Net) for 100m2 of NLA = $400 Per Sqm
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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;">Land 1967m² Commercial – City Waterfront Precinct</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;">Building 800m² over 2 levels</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;">Main Building - ground Level 595m², upper Level 205m² (approx.)</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;">26 carparks</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;">This property represents an opportunity to acquire a sound building suitable for multi tenancy.</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;">Recently refurbished to high standard.</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;">Currently leased to Nhulundu Health Services Gladstone</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;">$192,000.00 + GST + Outgoings - 5 year lease + 2 x 5 year options</span></p></li></ul>
