 Asset Class: | Retail |
 Price: | $ 394616 |
 Net Yield: | 5.90 % |
Net Yield - including solar strategy: | % |
 Property Market Status: | Off Market |
This is a great opportunity to buy an entry-level industrial asset in the Moreton Bay Region. This is a great entry level asset, that comes with a new 5 year net lease further 5 years in options with a net income of $23,605*. <br><br>This is one of the most hotly contested price brackets and market segments, making this a great opportunity for the investor to get ahead of the game as an off-market property. If this comes to market we would expect the yield much lower than 6% because it's price point. Therefore, we encourage your strong consideration of this outstanding investment opportunity with a 6% yield.
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Is this lease a leaseback arrangement?
<b>Location – Caboolture</b><br><br>Located 35 km* north of the CBD, Caboolture is part of Brisbane’s rapidly expanding Moreton Bay Region, with population forecast to grow over 40% to 690,000+ residents by 2041*. Well known for its thriving retail and services precinct, Caboolture’s unmatched amenity has become a driver of significant population growth. <br><br>As a key employment node and centre of economic activity of the region, the Caboolture Morayfield Principal Activity Centre (CMPAC) masterplan concentrates development along key arterials, creating a commercial hub for the region. Leveraging strategic land use planning and economic development strategies, the CMPAC will facilitate the region’s rapid growth and deliver prosperity for businesses and residents.<br><br>Furthermore, as Moreton Bay capitalises on the 2032 Brisbane Olympic Games, its population and economic boom are set to continue, empowering the local economy to reach $40 billion* by 2041.Recognising the critical need for housing in South East Queensland, the Queensland Government have designated Caboolture West as a greenfield development site. The $9.5 billion* project is set to welcome 70,000 new residents in the coming decades.<br><br>As the region becomes an epicentre of growth and development in Australia, a number of major projects are transforming the Moreton Bay area, including:<br><br>• $2.7 billion North Harbour Priority Development Area, currently underway, this master planned community will welcome thousands of new residents upon completion<br>• $1.2 billion Redcliffe Peninsula Rail Line project, set to service 618,000 residents by 2036<br>• $500 million* Kinma Valley community master planned by Lendlease<br>• University Sunshine Coast (USC), Australia’s first greenfield university in 20 years, catering for 10,000 students once fully operational in 2023<br>• The Mill at Moreton Bay, a master planned innovation hub and priority development area, creating Australia’s next ‘smart city’, expected to deliver almost $1 billion to the local economy each year<br>
Additional Location Information File<p style="list-style-position:inherit;list-style-type:inherit;"><span style="color:rgb(0, 0, 0);"><b>Black Cat Eatery</b></span><span style="color:rgb(0, 0, 0);"> </span></p><p style="list-style-position:inherit;list-style-type:inherit;"><span style="color:rgb(0, 0, 0);">Website: </span><a style="color:rgb(44, 123, 208);display:inline;" target="_blank" href="https://www.facebook.com/theblackcateaterybeachmere/"><u>https://www.facebook.com/theblackcateaterybeachmere/</u></a></p><br><p style="list-style-position:inherit;list-style-type:inherit;"><span style="color:rgb(0, 0, 0);">1.9k likes and 2.4k followers in Facebook</span></p>
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<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="color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Tenant's Name:</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> The Black Cat Eatery Pty Ltd</span></p></li><li style="color:rgb(51, 51, 51);font-weight:bold;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Lease: </b></span><span style="font-weight:normal;color:rgb(51, 51, 51);font-style:normal;">15-03-2024 to 14-03-2029 with further 5 years in options to 2034</span></p></li><li style="color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Annual Increases:</b></span><span style="font-weight:normal;color:rgb(51, 51, 51);font-style:normal;"> 3%</span></p></li><li style="color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Outgoings:</b></span><span style="font-weight:normal;color:rgb(51, 51, 51);font-style:normal;"> 100% paid by the tenant </span></p></li><li style="color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>NLA: </b></span><span style="font-weight:normal;color:rgb(51, 51, 51);font-style:normal;">89 m2 </span></p></li></ul>
Additional Financial Information FileInitial Term:
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Security Info:
Subject Property: $265 Per Sqm 11/115-117 Buckley Road Burpengary QLD 4505: $408 Per Sqm for 98 m2
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Initial Deposit:
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Due Diligence:
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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);"><p style="list-style-position:inherit;list-style-type:inherit;display:inline;"><span style="color:rgb(51, 51, 51);padding-left:0px;font-weight:normal;font-style:normal;">Exceptional entry-level oppurtunity with a long lease in a Coastal Location </span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="list-style-position:inherit;list-style-type:inherit;display:inline;"><span style="color:rgb(51, 51, 51);padding-left:0px;font-weight:normal;font-style:normal;">Minutes to waterfront </span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);font-weight:bold;"><p style="list-style-position:inherit;list-style-type:inherit;display:inline;"><span style="color:rgb(51, 51, 51);padding-left:0px;font-style:normal;"><b>Leased until 14th March 2029 with further 5 years in options to 2034</b></span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="list-style-position:inherit;list-style-type:inherit;display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Tenanted by a popular local café - Black Cat Eatery | 1.9k likes and 2.4k followers in Facebook</span></p></li><li style="list-style-image:none;"><p style="list-style-position:inherit;list-style-type:inherit;display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Annual 3% increase </span></p></li></ul>
