 Asset Class: | Industrial |
 Price: | $ 11000000 |
 Net Yield: | 7.00 % |
Net Yield - including solar strategy: | % |
 Property Market Status: | Off Market |
This exceptional commercial property presents a once-in-a-lifetime opportunity to acquire trophy landholding located in the well established, tightly held commercial hub of Gympie. <br>This significant 22,031 m2 (5.44 acres) site sits within Gympie’s Medium Impact Industry Zoning and has attracted some of Gympie best businesses due to its prominent location in the quickly growing region. <br>The property features 2 separate titles, and it is leased and diversified among 6 separate commercial tenancies, offers diversification, stability, and promising returns. <br>Don't miss the chance to capitalise on this opportunity and secure a strong returning investment property with a reliable tenants and significant potential for growth.<br><br><b>Potential Value-Add Opportunity in this Property (To be verified during the DD): </b><br><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;"> The property is currently rented at $85 (One title) and $120 (Average in the other title) per sqm, there is a potential value-add in terms of rent revision here</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;"> Opportunity to add value through development of either end of the properties.</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;"> DA in place for storage at the northern end of the property</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;"> Opportunity to refurbish 5 Pronger Pde and improve the income</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;"> Possible opportunity to convert to trade warehouse complex in the future. (STCA</span></p></li></ul><br>
How old is the asset?
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Is this property strata titled?
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Is this property in a flood zone?
Is this lease a leaseback arrangement?
Gympie is a standout for its compelling combination of multiple attractants:<br><br><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;">A vibrant and ambitious business community</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;">A local council that is passionate about its city and its region</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;">A city that has a nationally-ranked growing local economy and is well-connected to large economies nearby</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;">An industry employment sector that includes national businesses and other major enterprises</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;">A resilient business sector, with key businesses increasing output during the pandemic </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;">Good transport connections to those nearby major economies (the Sunshine Coast and Brisbane) via road, rail, and air</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;">A diverse residential lifestyle, including town, hill change, and sea change offerings</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;">An appealing level of housing affordability</span></p></li></ul>
Additional Location Information File
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Note: Rethink have included 4% management fee and also increase the insurance cost to $50,000 when calculating the true net income. <br>Total Net Income as per the valuation: $825,883<br>4% management: $33,035<br>Insurance Difference: $24,618<br>True Net Income (Conservative Figures): $768,230
Additional Financial Information FileInitial Term:
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4 Smith Street Glanmire QLD: $120 (Net) Per Sqm 5 Pronger Parade Glanmire QLD: $85 (Net) per Sqm 262-264 Brisbane Road Monkland: Shed 1: $123.60 Per Sqm Shed 2A: $119 Per Sqm Shed 2B: $135 Per Sqm 1/23 Pinewood Avenue Gympie QLD 4570: $136 Per Sqm for 274 m2 10/11 Hall Road Gympie QLD 4570: $181 Per Sqm for 193 m2 ** Please note there is not many industrial sheds available to lease in the area as the Gympie region is so tightly held. More rental comparisons to be provided during the DD.
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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;"> Land rich 22,031 m2 (5.44 acres) site boasting strong exposure and large frontage </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;"> Tight held location </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;"> 7,785 m2 of total net lettable area </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;"> Opportunity for uplift in rent </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;"> Medium Impact Industry Zoned Land </span></p></li></ul>
