Rethink Investing

Industrial | 43 Technology Drive Warana 4575 QLD Australia

Key Information

Asset Class:	Industrial

Price:	$ 5000000
Net Yield:	5.55 %
Net Yield - including solar strategy:	%
Property Market Status:	Off Market

Introduction

Presenting an outstanding value-add industrial investment opportunity located 43 Tecnology Drive, Warana QLD 4575 in the Sunshine Coast Region. This unique oppurtunity represents one of the largest facilities in the highly prized Warana industrial precinct. Underpinned by a long term lease to well regarded local brewing company ‘Your Mates Brewing’, the property is a highly functional warehouse and distribution facility with potential for future rental upside. Value-Add Potential (To be verified during the Due Diligence) <ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;margin-inline-start:20px;color:rgb(51, 51, 51);">Rent: The market rent in the area is circa $170 per Sqm, please see the evidence provided</li><li style="list-style-image:none;margin-inline-start:20px;color:rgb(51, 51, 51);font-weight:bold;">Potential Net Income: $340,000* (At $170 per Sqm) - without considering the awning or hardstand </li><li style="list-style-image:none;margin-inline-start:20px;color:rgb(51, 51, 51);font-weight:bold;">Potential Net Yield: 6.47%*</li><li style="list-style-image:none;margin-inline-start:20px;color:rgb(51, 51, 51);font-style:normal;">Potential Value of the Property at the Market Review: $5,666,666 (Considering the cap rate of 6% for the area)</li><li style="list-style-image:none;margin-inline-start:20px;color:rgb(51, 51, 51);">Potential Value-Add at the Option: $666,666 </li></ul> Furthermore, The Replacement Value (Very Conservative Figures): <ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;margin-inline-start:20px;color:rgb(51, 51, 51);">Land Value: $800 x 4,274 m2 = Circa $3.4 million</li><li style="list-style-image:none;margin-inline-start:20px;color:rgb(51, 51, 51);">Building: $1,500 x 2,000 = Circa $3.0 million</li><li style="list-style-image:none;margin-inline-start:20px;color:rgb(51, 51, 51);font-style:normal;">Total: $6.4 million </li></ul>

Background Information

How old is the asset?

2000

Vendor's reason for selling?

Cashing Out

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?

2 years

How long has the tenant been in business?

2014

Years

Is this property in a flood zone?

Is this lease a leaseback arrangement?

Additional Information File

Location on Map

Warana - Sunshine Coast

Warana: Warana is an established suburb on Queensland’s Sunshine Coast and is located between the two major urban areas of Caloundra within 10.1km* to the South, and Mooloolaba within 6.8km* to the North. The Sunshine Coast has an estimated resident population of 311,551* as at June 2017, and has enjoyed an average annual growth rate of 2.2% since 2006, well above the Queensland average of 1.9%. By 2036, it is anticipated the population will swell to 500,000*. Sunshine Coast, QLD The Sunshine Coast region is located approximately 100km north of Brisbane. The Sunshine Coast is one of three large urban regions of South East Queensland, stretching over 60kms of coastline from Caloundra in the south to Noosa Heads in the north. The Sunshine Coast’s economy has doubled in size in the last decade, with a Gross Regional Product now exceeding $10 billion. The Sunshine Coast economy is home to circa 35,000 registered businesses across a range of industry sectors. The Sunshine Coast has experienced strong business growth across all sectors including financial and insurance services; professional, scientific and technical services; tourism and social assistance; and education and training. These sectors collectively comprise nearly 25% of all businesses in the region. The Sunshine Coast is now positioning itself to become well established in the SEQ health care sector, with a 2 billion dollar injection into the Sunshine Coast University Public and Private Hospitals. Retail and construction sectors are strong performing segments with a strong focus on further diversifying the region’s economy.

Additional Location Information File

Tenant Information

Your Mates <a style="color:rgb(44, 123, 208);display:inline;" target="_blank" href="https://yourmatesbrewing.com/">Your Mates Brewing Co. Sunshine Coast</a> Your Mates was established in 2014 by two entrepreneurial Sunshine Coast businessmen that loved craft beer and were struggling to find a beer they liked. The company has risen to become a significant player in the craft beer industry and now employs 50 people. Your Mates supplies a wide range of bottle shops including BWS & Celebrations. They also operate two venues on the Sunshine Coast located at 41 Technology Drive (adjoining property) and the Old Cooroy Bowls Club.

No items found.

Additional Tenant Information File

Financial Overview

Initial Term:

Security:

Security Info:

Please refer the attached

Additional Financial Information File

Special Conditions (if any)

Initial Term:

Security:

Security Info:

Rental Comparison

9 Kelly Court Landsborough QLD 4550: $170 Per Sqm for 950 m2 to 1,998 m2 31-33 Runway Drive Marcoola QLD 4564: $180 Per Sqm for 1,152 m2 1/64 Hoopers Road Kunda Park QLD 4556: $170 Per Sqm for 771 m2 33-35 Empire Crescent, CHEVALLUM QLD 4556: $196 Per Sqm for 1,849 m2

Offer To Purchase

Offer To Purchase:

5000000

Initial Deposit:

50000

Due Diligence:

days

28 business days from contract execution

Finance:

days

28 business days from contract execution

Settlement:

days

21 days from unconditional status

Download Write Up PDF

View Your Estimated Rental Yield

Disclaimer: The depreciation figures provided are based on specific circumstances and may not accurately reflect your current financial situation. These figures are intended for informational purposes only and should not be construed as financial or tax advice. Individual financial situations can vary widely, and the applicability of these figures to your personal circumstances may differ. It is strongly recommended that you consult with your usual taxation adviser or a qualified financial professional/accountant to verify this information and obtain personalised advice tailored to your specific financial situation. Neither the provider of this information nor any of its affiliates shall be held liable for any decisions made based on this information without proper consultation with a professional adviser.

Key Highlights

<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);">Highly sought after industrial area of Sunshine Coast </li><li style="list-style-image:none;color:rgb(51, 51, 51);">Medium Impact Industry Land</li><li style="list-style-image:none;color:rgb(51, 51, 51);">Land Area: 4,274 m2 </li><li style="list-style-image:none;color:rgb(51, 51, 51);">NLA: 2000 m2 and 320 m2 of awning</li><li style="list-style-image:none;color:rgb(51, 51, 51);">Two street access and frontage</li><li style="list-style-image:none;color:rgb(51, 51, 51);">Substantial concrete hardstand area</li><li style="list-style-image:none;color:rgb(51, 51, 51);">Net Income of $277,733 after all the outgoings including land tax and property management</li></ul>

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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?

Initial Term:

Security:

Security Info:

Initial Term:

Security:

Security Info:

Offer To Purchase:

Initial Deposit:

Due Diligence:

Finance:

Settlement:

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