 Asset Class: | Retail |
 Price: | $ 1300000 |
 Net Yield: | 6.18 % |
Net Yield - including solar strategy: | % |
 Property Market Status: |
Introducing a sensational investment opportunity at 4/191 Toolooa Street, South Gladstone QLD. Underpinned by a 10-year lease with further 2 x 5-year options extending the lease to 2042. <br><br>The 1,757 m2 of total net lettable area is currently leased to globally recognized mini-major tenant, Foodworks at a heavily discounted rate per Sqm of circa $45 Per Sqm. <br><br>Single-tenant investments positioned in high growth areas with long lease covenants via an established tenant are rarely available on the market. Therefore, we encourage your strong consideration of this outstanding investment opportunity with more than 6% net return property with a huge upside in the future.<br>
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How long has the current tenant been on site?
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Is this property in a flood zone?
Is this lease a leaseback arrangement?
The Gladstone Region provides a population of over 60,000 people and is home to Queensland’s largest multi-commodity port. It offers an enviable lifestyle within a strong and dynamic economy. With two of the world’s largest alumina refineries, Queensland’s largest multi commodity port and a number of other major industrial giants sited locally, the Gladstone region is known for its employment opportunities and skilled workforce. <br><br>The Gladstone State Development Area continues to attract large industry to the region, including coal, alumina, aluminium, cement products and liquid ammonia. A recent announcement from Rio Tinto and Sumitomo via the Gladstone Regional Council states that the design study and preliminary master planning for a hydrogen system has commenced which will result in thousands of jobs to the region. <br>
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Please refer below. <br><br>** ** Rethink Investing has deducted extra $5,000 from the presented net income as a buffer for management. The property is under the land tax threshold for the current owner<br><br><b>Net Income: </b> $80,361.14
Additional Financial Information FileInitial Term:
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Unit 4 /13 Tank Street, Gladstone Central QLD 4680: Individual Home Loans 01/04/2023 | 98 m2 | $245 per Sqm 101 Hanson Road, Gladstone Central QLD 4680: Regional Health & Mobility 17/10/2022 | 652 m2 | $175 per Sqm 99 Hanson Road, Gladstone Central QLD 4680: Total Workwear 01/02/2023 | 818 m2 | $159 per Sqm 2, 36 Lord Street, Gladstone Central QLD 4680: RSEA Safety 01/05/2022 | 1,242 m2 | $180 per Sqm Part of 37 Gladstone Benaraby Road, Toolooa QLD 4680: Capri Distributors 14/01/2022 | 1,254 m2 | $99 per Sqm
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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);font-weight:bold;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Hugely under-rented lease - Currently rented at circa $45 Per Sqm </b></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;">10 year lease to June 2032 plus options to 2042</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;">Fixed 2.5% annual rent increases</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;">Massive 1,757m2* floor area across two levels</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;">Strategic position within southern growth corridor, close to schools, childcare and sports club</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(36, 36, 36);background-color:rgb(255, 255, 255);font-weight:normal;font-style:normal;">Proven supermarket location, been a supermarket 30+ years</span></p></li><li style="list-style-image:none;color:rgb(36, 36, 36);"><p style="display:inline;"><span style="color:rgb(36, 36, 36);background-color:rgb(255, 255, 255);font-weight:normal;font-style:normal;">Tenanted by mini-major supermarket chain, Foodworks </span></p></li></ul>
