 Asset Class: | Office |
 Price: | $ 675000 |
 Net Yield: | 6.30 % |
Net Yield - including solar strategy: | % |
 Property Market Status: | Off Market |
<p>Exceptional investment opportunity featuring a prominent office building in Smithton's commercial heart, fully leased to Findex (Aust) Pty Ltd - one of Australia and New Zealand's leading providers of integrated financial advisory and accounting services.</p><p>The 313.95sqm office building sits on a 544sqm corner site and has been extensively renovated and modernized since its 1970s construction. Recent improvements include a 2009/10 extension, upgraded facilities, and modern office fitout.</p><p>The property generates a strong net income of $45,818.93 pa with fixed annual CPI increases. The current lease runs until April 2027, providing secure income from a nationally established tenant with over 110 locations across Australia/NZ.</p>
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<p>Smithton is the administrative center for the Circular Head Municipality, located on Tasmania's northwest coast approximately 85km from Burnie. The town serves as a major regional hub with a population of around 8,477 people.</p><p>The area features a diverse economic base including <strong>agriculture, forestry, fishing, manufacturing and food processing</strong>. Major employers include <strong>McCain Foods, Greenham Tasmania, and various government departments</strong>.</p><p>The property benefits from its location near <strong>Woolworths, IGA, banking institutions and other retail services</strong>. The region is serviced by Wynyard Airport with regular flights to Melbourne.</p>
Additional Location Information File<p><strong>Findex (Aust) Pty Ltd</strong> is one of Australia and New Zealand's leading providers of integrated financial advisory and accounting services with:</p><ul><li>110+ locations across Australia/NZ</li><li>2,500+ staff serving 250,000+ clients</li><li>Over $2.8bn funds under administration</li><li>Part of Crowe Global network spanning 145+ countries</li></ul><p>The tenant has occupied the building since 2008 (previously as Crowe Horwath) demonstrating their long-term commitment to the location.</p>
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<p>The property provides a secure income stream with strong fundamentals:</p><p><strong>Current Net Income: $45,818.93 pa</strong><br><strong>Net Yield: 6.8%</strong><br><strong>Lease Term: Until April 2027</strong><br><strong>Annual Increases: CPI</strong></p><p>The tenant covers all outgoings including rates, utilities and maintenance costs, providing a true net return to the investor.</p>
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<ul><li>Premium corner position in Smithton's main business district</li><li>Long-term national tenant with over 110 locations</li><li>Extensively renovated and modernized office building</li><li>Secure lease until 2027 with annual CPI increases</li><li>Strong net yield of 6.8%</li><li>544sqm site with future development potential</li><li>High-quality office fitout with modern amenities</li><li>Excellent natural light and professional presentation</li><li>Ample on-site parking and street access</li><li>Strong regional location with major national employers</li></ul>
