Rethink Investing

Industrial | 3 52-54 Jardine Drive Redland Bay 4165 QLD Australia

Key Information

Asset Class:	Industrial

Price:	$ 785000
Net Yield:	5.87 %
Net Yield - including solar strategy:	%
Property Market Status:	Off Market

Introduction

Rethink Investing has found a rare affordable priced industrial property in Brisbane. This property can be acquired for $785,000. The deal includes a 2 year lease with further options, promising a net return of 5.87% from an established tenant. A key attraction of this opportunity is the fact that the property is situated in a compact complex of merely five units, located in the thriving area of Redland Bay. Redland bay is situated between Brisbane CBD and Gold Coast and has massive amounts of residential growth. The development itself is a functional design and attractive to tenants. They have also built an air-conditioned office in this unit which is basically a bonus. We look forward to securing this industrial investment for you.

Background Information

How old is the asset?

Brand new

Vendor's reason for selling?

Cashing Out

Days property been on market?

Is this property strata titled?

Yes

Are the seller and tenant related parties?

How long has the current tenant been on site?

N/A

How long has the tenant been in business?

Years

Is this property in a flood zone?

Is this lease a leaseback arrangement?

Additional Information File

Location on Map

Redland Bay

Redland Bay is at the southern end of Redland City, 35 kilometres south-east of Brisbane, the capital of Queensland. The locality is named for the bay to its east, which forms part of larger Moreton Bay. The Redland Bay economy includes sectors such as retail, health care, education services, and construction. It's known for its beautiful coastal living, attracting residents and tourists alike, which aids its economy. For up-to-date, specific, and statistical information, please refer to the relevant local government or national statistics body.

Additional Location Information File

Tenant Information

Knijff Earthmoving Website: <a style="display:inline;font-weight:normal;" target="_blank" href="https://www.knijffearthmoving.com.au/">Excavation and demolition services | Brisbane</a> A leading contractor backed by over 30 years of experience Knijff Earthmoving is a leading provider of excavation and demolition services and tipper truck hire for residential projects in Brisbane and across South East Queensland. With experienced operators and a state-of-the-art fleet, we can take on all types of projects and deliver high-quality outcomes at a competitive price.

No items found.

Additional Tenant Information File

Financial Overview

Initial Term:

Security:

Security Info:

<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);">Tenant's Trading Name: Knijff Earthmoving</li><li style="list-style-image:none;color:rgb(51, 51, 51);">Lease Start Date: 13-12-2024</li><li style="list-style-image:none;color:rgb(51, 51, 51);">Lease End Date: 12-12-2026</li><li style="list-style-image:none;color:rgb(51, 51, 51);">Further Options: 1 year</li><li style="list-style-image:none;color:rgb(51, 51, 51);">NLA: 213 m2</li><li style="list-style-image:none;color:rgb(51, 51, 51);">Gross Rental Income: $57,600</li><li style="list-style-image:none;color:rgb(51, 51, 51);font-weight:bold;">Outgoings (To be clarified during DD): </li></ul><ul style='list-style-type:ulRightPointer;list-style-image:url("data:image/svg+xml,%3Csvg xmlns=%22http://www.w3.org/2000/svg%22 width = %229px%22 height = %229px%22%3E%3Cpath d = %22M14.6,95c0,0.1,0,0.1-0.1,0.2c0,0.1-0.1,0.1-0.2,0.1l-7,3.2c-0.1,0-0.1,0-0.2,0S7,98.4,6.9,98.4 c0,0-0.1-0.1-0.1-0.2s0-0.1,0-0.2l1.4-3.3l-1.3-3.4c0-0.1,0-0.1,0-0.2s0-0.1,0.1-0.2c0,0,0.1-0.1,0.2-0.1s0.1,0,0.2,0l6.9,3.7 c0.1,0,0.1,0.1,0.2,0.1S14.6,94.9,14.6,95z%22 style=%22fill:rgb(51%2C51%2C51)%3Btransform:translate(-6px,-90px)%3B%22/%3E%3C/svg%3E");list-style-position:inside;padding-inline-start:20px;'><li style="margin-inline-start:20px;color:rgb(51, 51, 51);">Body Corp: $4,876 Approx.</li><li style="margin-inline-start:20px;color:rgb(51, 51, 51);">Rates (Redland Bay Council + Water): $3,650</li><li style="margin-inline-start:20px;color:rgb(51, 51, 51);">Approx. Management: $3,000</li><li style="margin-inline-start:20px;color:rgb(51, 51, 51);">$11,526 + GST PA</li></ul><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);font-weight:bold;">Net Income: $46,074</li></ul>

Additional Financial Information File

Special Conditions (if any)

Initial Term:

Security:

Security Info:

Rental Comparison

Subject Property: $216 per Sqm 5/33-35 Daintree Drive, Redland Bay – 179m2 - $235/m2 2/41 Daintree Drive Redland Bay –$233.50/sqm 3/45 Daintree Drive Redland Bay - $223/sqm 2/1-3 Airlie Street, Redland Bay, $290/sqm, $40/sqm outs 10/5-11 Jardine Drive, Redland Bay, $251/sqm gross

Offer To Purchase

Offer To Purchase:

785000

Initial Deposit:

30000

Due Diligence:

days

28 days from contract execution

Finance:

days

28 days from contract execution

Settlement:

days

21 days from unconditional status

Download Write Up PDF

View Your Estimated Rental Yield

Disclaimer: The depreciation figures provided are based on specific circumstances and may not accurately reflect your current financial situation. These figures are intended for informational purposes only and should not be construed as financial or tax advice. Individual financial situations can vary widely, and the applicability of these figures to your personal circumstances may differ. It is strongly recommended that you consult with your usual taxation adviser or a qualified financial professional/accountant to verify this information and obtain personalised advice tailored to your specific financial situation. Neither the provider of this information nor any of its affiliates shall be held liable for any decisions made based on this information without proper consultation with a professional adviser.

Key Highlights

<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);">Strategically located within the highly successful Redlands Business Park</li><li style="list-style-image:none;color:rgb(51, 51, 51);">Close to the M1 and Gateway Motorways, making them ideal for operations requiring easy access to Brisbane and the Gold Coast</li><li style="list-style-image:none;color:rgb(51, 51, 51);">Newly Built Industrial Unit</li><li style="list-style-image:none;color:rgb(51, 51, 51);">213 sqm* Total Area</li><li style="list-style-image:none;color:rgb(51, 51, 51);">Brand New 2+1 Year Lease</li></ul> Property features include: <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);">1* Container Height Roller Door Per Unit</li><li style="list-style-image:none;color:rgb(51, 51, 51);">Highbay Clear Span Open Warehouse For Maximal Storage</li><li style="list-style-image:none;color:rgb(51, 51, 51);">High Quality Air-Conditioned Office/Mezzanine Space</li></ul>

探索 RETHINK
GROUP 的网络

How old is the asset?

Vendor's reason for selling?

Days property been on market?

Is this property strata titled?

Are the seller and tenant related parties?

How long has the current tenant been on site?

How long has the tenant been in business?

Is this property in a flood zone?

Is this lease a leaseback arrangement?

Initial Term:

Security:

Security Info:

Initial Term:

Security:

Security Info:

Offer To Purchase:

Initial Deposit:

Due Diligence:

Finance:

Settlement:

订阅我们的新闻简报