 Asset Class: | Retail |
 Price: | $ 1120000 |
 Net Yield: | 5.90 % |
Net Yield - including solar strategy: | % |
 Property Market Status: |
An exceptional opportunity to secure a <span style="color:rgb(51, 63, 72);">ground floor café investment, located within the Kawana Private Hospital, in Birtinya.</span> <br><br>The ground floor 191sqm strata unit enjoys a prime, northeast corner position overlooking Regatta Lake, with an enviable 125sqm alfresco dining area. This property has been occupied by a café since the building was constructed in 2005.<br><br>The property offers an astute investor a prime position within an established medical/health development, where the sitting tenant is paying a modest rental rate and has enjoyed longevity in servicing the buildings occupants, clients and surrounding catchment.<br><br>This property represents an exceptional buying opportunity. Don't miss the chance to capitalise on this fantastic opportunity to purchase a tenanted investment in a fully developed area with minimal option ever available.<br>
How old is the asset?
Vendor's reason for selling?
Days property been on market?
Is this property strata titled?
Are the seller and tenant related parties?
How long has the current tenant been on site?
How long has the tenant been in business?
Is this property in a flood zone?
Is this lease a leaseback arrangement?
<b>Urban Café & Wine Bar</b><br><br><b>Website: </b><a style="color:rgb(44, 123, 208);display:inline;font-weight:normal;" target="_blank" href="https://www.facebook.com/UrbanEspressoandWine/"><u>Urban Espresso and Wine | Sunshine Coast QLD | Facebook</u></a><span style="font-weight:normal;"></span><br>
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<b>Note: </b><br><br><span style="font-weight:normal;">True Net Income: $77,137 - $7,058 (Sinking Fund) - $3,500 (Property Management) = $66,579</span><br><br><span style="font-weight:normal;">There is an approx. $20,000 to pay for a new roof in this building (Its their lot share) which the vendor would want the new owner to pay as they will be directly benefiting from that hence the price at $1,120,000</span>
Additional Financial Information FileInitial Term:
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Subject Property: $348 Per Sqm 10/8 Fairfax Street Sippy Downs QLD 4556: $750 Per Sqm for 80 m2 of NLA 2/106 King Street Buderim QLD 4556: $672 Per Sqm for 50 m2 of NLA 5/5 Lutana Street Buddina QLD 4575: $325 Per Sqm for 152 m2 of NLA 3/5 Forest Park Street Meridan Plains QLD 4551: $461 Per Sqm for 140 m2 of NLA
Offer To Purchase:
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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="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Lonstanding tenant: Tenants since 2005 (20 years)</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;">Optioned renewed through to 19 March 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;">2 x 3 year options through to March 2034</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;">191sqm* ground floor strata unit</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;">125sqm* exclusive outdoor alfresco dining</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;">4 x exclusive use basement car parks</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;">Current net income of $70,079pa* from long-term café tenant</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;">Modern medical building home to Kawana Private Hospital</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;">Convenient location surrounded by quality medical, commercial and retail tenants</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;">Under-pinned by very strong population growth in the local area</span></p></li></ul>
