 Asset Class: | Retail |
 Price: | $ 695000 |
 Net Yield: | 5.90 % |
Net Yield - including solar strategy: | % |
 Property Market Status: | Off Market |
The attached property is located in a thriving location on Courage Street, Sippy Downs, on Queensland’s Sunshine Coast. The property is a Strata titled tenancy with a generous 66 sqm footprint. The tenant is a well-established florist who trades as “Bella Flora”, they specialise in gifts, event floristry as well as floristry classes. <br><br>Sippy Downs is in the heart of the Sunshine Coast, it is enjoying enormous growth, with Stockland undertaking a $5 billion investment to construct 20,000 new homes within its AURA estate development project. In addition, the AVID Property Group is investing $3 billion in a 4,800-home development at the nearby Harmony Estate. This Sippy Downs centre benefits from its close proximity to these estates and the Sunshine Coast University which is one block down the road on University Drive. <br><br>The florist has a dynamic neighbouring tenancies which includes the well know Junk Restaurant, Suriano’s Italian Restaurant, Sweet Pieces Café as well as office & medical suits on level one, above that are residential units. The property itself is modern, beautifully presented, and having been completed in 2023 there are still excellent depreciation benefits available.
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<p style=""><span style="color:rgb(0, 0, 0);">As Australian businesses look outside major cities to establish, relocate or expand, Queensland’s </span><span style="color:rgb(0, 0, 0);margin-inline-start:0cm;">Sunshine Coast is firmly in the spotlight.</span></p><br><span style="color:rgb(0, 0, 0);">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 </span><span style="color:rgb(0, 0, 0);margin-inline-start:0cm;">grow.</span><br><br><br><p style=""><span style="color:rgb(0, 0, 0);">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 </span><span style="color:rgb(0, 0, 0);margin-inline-start:0cm;">retail development.</span></p><br><span style="color:rgb(0, 0, 0);">The booming economy is being propelled forward by a highly educated, highly motivated workforce and a </span><span style="color:rgb(0, 0, 0);margin-inline-start:0cm;">uniquely entrepreneurial culture.</span><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;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;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;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;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;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;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;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;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 FileBella Flora: <br><a style="color:rgb(44, 123, 208);display:inline;" target="_blank" href="https://www.bellaflora.com.au/"><u>Bellaflora Florist</u></a><span></span><br><br><p style="background-color:rgb(248, 248, 248);"><span style="color:rgb(47, 47, 47);">Bella Flora Florist is situated in Sippy Downs at the base of Buderim Mountain in the heart of the Sunshine Coast. </span></p><p style="background-color:rgb(248, 248, 248);"><br></p><p style="background-color:rgb(248, 248, 248);"><span style="color:rgb(47, 47, 47);background-color:rgb(248, 248, 248);">Carla and her fantastic team of Florists are always ready to create something individual or unique to suit their customers' needs. Their attention to detail means every bouquet or arrangement is of the highest standard. Quality personal service is their specialty.</span></p><p style="background-color:rgb(248, 248, 248);"><br></p><p style="background-color:rgb(248, 248, 248);"><span style="color:rgb(47, 47, 47);background-color:rgb(248, 248, 248);">With a delivery span from Noosa to Caloundra, and out to the Hinterland , and a top notch personal courier service, every order is guaranteed to arrive on time and in pristine condition with complete care instructions , and personalised message.</span></p><p style="background-color:rgb(248, 248, 248);"><br></p><p style="background-color:rgb(248, 248, 248);"><span style="color:rgb(47, 47, 47);background-color:rgb(248, 248, 248);">Bella Flora uses locally grown flowers and greenery wherever possible .Flower quality is guaranteed and only the freshest, highest quality blooms are used.</span></p>
Initial Term:
Security:
Security Info:
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Additional Financial Information FileInitial Term:
Security:
Security Info:
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Offer To Purchase:
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<ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Popular location in the Heart of Sippy Downs, a growth area on the Sunshine Coast</span></p></li><li style="list-style-image:none;color:rgb(0, 0, 0);"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Late 2023 built - </span><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Good Depreciation Benefits </span></p></li><li style="list-style-image:none;color:rgb(0, 0, 0);"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Single tenant – easy to manage </span></p></li><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Surrounding catchment includes the $4Bn Palmview Residential Precint </span></p></li><li style="list-style-image:none;color:rgb(0, 0, 0);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">The tenant is Bella Flora who are a florist that supplies flowers, gifts as well as supplying flowers for events – weddings, funerals, birthdays events etc</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;">Generous 66 sqm tenancy size that would be well suited to many business types if it ever became available (approved uses include food / beverage, personal / professional services as well as allied health)</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;">Neighbouring the tenancy on the ground floor is Junk Restaurant, Suriano's Italian Restaurant, and Sweet Pieces Café. On the first floor there are offices and medical suits and above that are four levels of residential apartments</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;">The tenancy is located on Courage Street which is just off Sippy Downs Drive, the property benefits from being directly opposite Sienna Catholic college</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;">Excellent CPI annual rent increases are built into the lease that will see our returns lift over time</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;">The lease commenced 01/10/2023 and runs for 5-years expiring in September 2028</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;">The property has dual access with high street visibility and ample signage opportunities</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;">Excellent location in the heart of Sippy Downs adjacent to Sienna Catholic College, Sunshine Coast University, as well as the Coles Shopping precinct</span></p></li></ul>
