 Asset Class: | Retail |
 Price: | $ 1000000 |
 Net Yield: | 6.40 % |
Net Yield - including solar strategy: | % |
 Property Market Status: | On Market |
Presenting quality Noosa Riverfront commercial investment at Shop 3 187 Gympie Terrace, Noosaville. The property presents a quality strata titled asset, leased to 2 x seperate tenancies, and is situated on high profile main retail strips of Noosaville overlooking the tranquil Noosa River, in one of Australia’s premier investment regions.<br><br>The property is positioned within meters of Gympie Terrace and The Noosa River and are surrounded by popular retail and dining venues. With the rental income underpinned by multiple tenants from two separate asset classes, the subject property offer a derisked return and a chance to purchase a piece of Noosaville’s exclusive residential market at an affordable price. Further potential to improve the rental return exists by refurbishing the<br>improvements and capitalizing on the strong short-letting market.<br><br>Multi-tenants investments positioned in high growth areas with strong lease covenants are rarely available on the market. Therefore, we encourage your strong consideration of this outstanding investment opportunity.
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As Australian businesses look outside major cities to establish, relocate or expand, Queensland’s Sunshine Coast is firmly in the spotlight.<br><br>The Sunshine Coast offers opportunities in a diverse range of growth industries, an emerging city centre which is already becoming a vibrant commercial and leisure precinct and a local government that supports new and existing businesses to establish and grow.<br><br><br>Over the past 15 years, economic growth on the Sunshine Coast has outperformed almost every other regional economy in Australia, sparking a wave of new residential, office and retail development.<br><br>The booming economy is being propelled forward by a highly educated, highly motivated workforce and a uniquely entrepreneurial culture.<br><br><br><b>Some of the new developments in the region includes:</b><br><br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;margin-inline-start:40px;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Sunshine Coast Airport Master Plan: $334 million expansion</span></p></li><li style="list-style-image:none;margin-inline-start:40px;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Bruce Highway: $1.6 billion expansion</span></p></li><li style="list-style-image:none;margin-inline-start:40px;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Maroochydore City Centre: $2.5 billion investment</span></p></li><li style="list-style-image:none;margin-inline-start:40px;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Mooloolah River Interchange: $320 million expansion</span></p></li><li style="list-style-image:none;margin-inline-start:40px;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Palmview: 16,000 new residents by 2036</span></p></li><li style="list-style-image:none;margin-inline-start:40px;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Sunshine Coast Health Precinct: $3.2 billion investment</span></p></li><li style="list-style-image:none;margin-inline-start:40px;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Aura: $7.0 billion investment</span></p></li><li style="list-style-image:none;margin-inline-start:40px;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Light Rail Project: $3.6 billion investment</span></p></li></ul>
Additional Location Information File<span style="color:rgb(0, 29, 53);"><b>Magic of India</b></span><br><span style="color:rgb(0, 29, 53);"><b>Website: </b></span><a style="color:rgb(44, 123, 208);display:inline;font-weight:normal;" target="_blank" href="https://magicofindia.theorderman.com.au/"><u>Magic of India</u></a><span style="font-weight:normal;"></span><br><span style="font-weight:normal;">Google Reviews: 364 reviews 4.4 stars</span>
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3/255 Gympie Terrace, Noosaville 90m2 NLA, 64m2 internal 26m2 external with existing restaurant/cafe fit out Leased $88,500 March 2023 ($1,383/m2) based on internal 1/201 Gympie Terrace, Noosaville 121m2 NLA, 85m2 internal 36m2 external commercial kitchen & bar Leased $135,000 June 2023 ($1,588/m2) based on internal 1/229-231 Gympie Tce Noosaville 83m2 NLA plus 63m2 outdoor use area. (outdoor area not totally weatherproof) Leased $120k net Nov 2024 ($1,445 p/m2 based on internal area
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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;">Investment oppurtunity in tightly held Noosa Market</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;">Highly sought aftee 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;">Location: Less than 100 metres* to Noosa River</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;">165 m2 of total net lettable area</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;">Current Rent: $64,278.36 per annum + recoverable outgoings GST </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;">Income derisked by a mix of residential and commercial 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;">Tourist Accommodation Zoning</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;">Opportunity to improve income via refurbishing the residential dwellings and short letting</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;">Prominent centre street position on Gympie Terrace, providing high level of daily foot traffic</span></p></li></ul><br>
