 Asset Class: | Retail |
 Price: | $ 2550000 |
 Net Yield: | 7.49 % |
Net Yield - including solar strategy: | % |
 Property Market Status: |
On offer is a multi-tenanted freehold investment with a strong 5.38-year WALE, underpinned by a landlord-favoured covenant with an ASX-listed multinational tenant. Positioned along the busy Warrego Highway into Chinchilla, the property enjoys high exposure and sits opposite major drawcards including KFC, Coffee Club, Subway, Bottle Mart, and Caltex. A known local hotspot, the asset is set to deliver a first-year net income of $191,033* pa.<br><br>The property occupies a 1,874m2* site with 621m2* of NLA, ample onsite parking, and benefits from recent capital works, including a full refurbishment and new roof—providing attractive depreciation benefits. Anchored by Domino’s on a 10-year net lease with options to 2043 and CPI-linked increases, the block also features Free Choice Tobacconist (lease to 2025 with options to 2040), one of Australia and NZ's largest laundromat operators (10+10-year lease with 2% annual increases), and Panache Café & Homewares (5x5-year lease to 2032). One vacancy remains, supported by a 12-month rental guarantee, and is expected to attract strong demand given its location beside Domino’s. There has also been recent interest from a barber to lease this space.<br><br>With strong lease covenants, long-term tenancies, recent upgrades, and income security, this is a high yielding and low-maintenance investment opportunity offering immediate returns and future growth potential.
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Chinchilla enjoys a strategic location in Southeastern Queensland, situated inland from Toowoomba, Australia's second-largest inland city. The area boasts a thriving economy, providing its residents with a wide range of job prospects, particularly in the fields of education, healthcare, engineering, and natural resources. Chinchilla's expanding population is driving an increased need for retail, dining, and healthcare services. Furthermore, this suburb is an integral part of the robust Western and Darling Downs region, which, as of 2022, recorded a Gross Regional Product of $20.69 billion in the year, marking an impressive 8.9% growth from the previous year. <br><br>Queensland’s $477 billion economy has thrived because of robust population growth, increased employment, and favourable business conditions over the past 2 decades, outperforming the national average. QLD has seen a 2.2% growth rate in the retail trade sector during the 12 months, leading up to November 2023. The state also recorded a 2.6% population increase as of June 2023, which was the third largest population growth recorded of any state or territory in Australia. Additionally, QLD experienced a 2.6% rise in employment positively impacting 78,000 individuals.
Additional Location Information File<span style="color:rgb(0, 0, 0);padding-left:0px;"><b>Tenancy Schedule: 37 Warrego Hwy Chinchilla </b></span><span style="color:rgb(0, 0, 0);padding-left:0px;"> </span>
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37 Warrego Highway, Chinchilla – 621m2 - $307/m2 36 Middle Street, Chinchilla – 235m2 - $307/m2 (2023 data)
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● Prime highway retail centre anchored by ASX-listed Dominos <br><span style="color:rgb(51, 51, 51);">● Extensive Dominos’ fit-out and secured on long 10-year lease with options to 2043 </span><br>● Multi-tenanted freehold investment in growing region <br>● Long landlord-favoured leasing covenants <br>● WALE of 4.73-years by area<br><span style="color:rgb(51, 51, 51);">● </span>WALE of 5.07 years by income<br>● NLA: 621m2* <br>● Net Income: $<span style="color:rgb(51, 51, 51);">191,033</span>* pa <br>● High profile 1,874sqm* landholding <br>● Supported by long term net leases to established national and strong local tenants <br><span style="color:rgb(51, 51, 51);">● Domino’s: ASX listed fast food giant with a market cap of $4.71 billion AUD </span><br>● Secondary national anchor – Free Choice with options to 2040 <br>● Other tenancies are all established at their respective locations <br>● Vacancy neighbours Dominos, underpinned by 12-month rent guarantee, if not tenanted prior<br>● Low maintenance asset - Recently refurbished, including new roof <br>● Premium Warrego Highway location – QLD’s major east-west arterial motorway <br>● High traffic position and opposite KFC, Subway, Caltex plus more
