 Asset Class: | Industrial |
 Price: | $ 687800 |
 Net Yield: | 6.00 % |
Net Yield - including solar strategy: | % |
 Property Market Status: | Off Market |
Rethink Investing has found a rare affordable priced industrial property in Brisbane. This property can be acquired for $687,800. The deal includes an 18-month leaseback, promising a net return of 6% from the seller. This arrangement ensures we have ample time to locate suitable tenants.<br><br>A key attraction of this opportunity is the fact that the property is situated in a compact complex of merely six units, located in the thriving area of Redland Bay.<br><br>Redland bay is situated between Brisbane CBD and Gold Coast and has massive amounts of residential growth. The development itself is a functional design and attractive to tenants. They have also built an air-conditioned office in this unit which is basically a bonus.<br><br>The seller will do an 18-month leaseback on each, pay the incentive and leasing fee as well.<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?
Redland Bay is at the southern end of Redland City, 35 kilometres south-east of Brisbane, the capital of Queensland. The locality is named for the bay to its east, which forms part of larger Moreton Bay.<br><br>The Redland Bay economy includes sectors such as retail, health care, education services, and construction. It's known for its beautiful coastal living, attracting residents and tourists alike, which aids its economy. For up-to-date, specific, and statistical information, please refer to the relevant local government or national statistics body.<br>
Additional Location Information FileInitial Term:
Security:
Security Info:
<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;">Tenant's Trading Name: ACCESS INDUSTRIAL PRODUCTS PTY LTD</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;">Commercial Tenancy Agreement for 18-month leaseback with the seller</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;">Net Income of $41,268 after all the outgoings including property management and the land tax </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;">Annual increase of 3.5% or CPI whichever is greater</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;">Lessor paying for all leasing fees (including marketing) for a new 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;">Ability to commence leasing upon exchange</span></p></li></ul>
Additional Financial Information FileInitial Term:
Security:
Security Info:
Subject Property: $230 per Sqm 5/33-35 Daintree Drive, Redland Bay – 179m2 - $235/m2 2/41 Daintree Drive Redland Bay –$233.50/sqm 3/45 Daintree Drive Redland Bay - $223/sqm 2/1-3 Airlie Street, Redland Bay, $290/sqm, $40/sqm outs 10/5-11 Jardine Drive, Redland Bay, $251/sqm gross
Offer To Purchase:
$
Initial Deposit:
$
Due Diligence:
days
Finance:
days
Settlement:
days
<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, 63, 72);font-weight:normal;font-style:normal;">Strategically located within the highly successful Redlands Business Park</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 63, 72);font-weight:normal;font-style:normal;">Close to the M1 and Gateway Motorways, making them ideal for operations requiring easy access to Brisbane and the Gold Coast</span></p></li><li style="list-style-image:none;color:rgb(51, 63, 72);"><p style="display:inline;"><span style="color:rgb(51, 63, 72);font-weight:normal;font-style:normal;">Electric container-height roller door</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 63, 72);font-weight:normal;font-style:normal;">3-phase power</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 63, 72);font-weight:normal;font-style:normal;">High-speed NBN connections available</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 63, 72);font-weight:normal;font-style:normal;">Disability-compliant amenities</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 63, 72);font-weight:normal;font-style:normal;">Kitchenette</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 63, 72);font-weight:normal;font-style:normal;">Natural light</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 63, 72);font-weight:normal;font-style:normal;">Secure gated complex</span></p></li></ul><br><p style=""><span style="color:rgb(51, 63, 72);"><b>Property Features</b></span></p><br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;color:rgb(51, 63, 72);"><p style="display:inline;"><span style="color:rgb(51, 63, 72);font-weight:normal;font-style:normal;">179m2* GFA Total occupiable floor space</span></p></li><li style="list-style-image:none;color:rgb(51, 63, 72);"><p style="display:inline;"><span style="color:rgb(51, 63, 72);font-weight:normal;font-style:normal;">126m2 and Mezzanine of 53.48m2</span></p></li><li style="list-style-image:none;color:rgb(51, 63, 72);"><p style="display:inline;"><span style="color:rgb(51, 63, 72);font-weight:normal;font-style:normal;">Construction type – Tilt Panel Concrete</span></p></li><li style="list-style-image:none;color:rgb(51, 63, 72);"><p style="display:inline;"><span style="color:rgb(51, 63, 72);font-weight:normal;font-style:normal;">High bay, clear span warehouse areas</span></p></li><li style="list-style-image:none;color:rgb(51, 63, 72);"><p style="display:inline;"><span style="color:rgb(51, 63, 72);font-weight:normal;font-style:normal;">Ground and mezzanine office areas</span></p></li><li style="list-style-image:none;color:rgb(51, 63, 72);"><p style="display:inline;"><span style="color:rgb(51, 63, 72);font-weight:normal;font-style:normal;">Ample parking on site</span></p></li><li style="list-style-image:none;color:rgb(51, 63, 72);"><p style="display:inline;"><span style="color:rgb(51, 63, 72);font-weight:normal;font-style:normal;">Quick access to Major Arterials</span></p></li><li style="list-style-image:none;color:rgb(51, 63, 72);"><p style="display:inline;"><span style="color:rgb(51, 63, 72);font-weight:normal;font-style:normal;">Excellent depreciation</span></p></li></ul><br><br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;color:rgb(33, 33, 33);"><p style="display:inline;"><span style="color:rgb(33, 33, 33);font-weight:normal;font-style:normal;">Who is the builder? </span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Clustruct – Reputable builder with lots of works completed across SEQ</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(33, 33, 33);font-weight:normal;font-style:normal;">Are there only 6 in this complex? </span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Yes</span></p></li><li style="list-style-image:none;color:rgb(33, 33, 33);"><p style="display:inline;"><span style="color:rgb(33, 33, 33);font-weight:normal;font-style:normal;">What is the current state of the industrial leasing market for smaller units? </span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Generally, these properties are leased successfully. Having a lead time of 18 months is quite beneficial. Rental rates are consistently increasing, with population increase in Queensland and scarcity of facilities acting as major growth stimulants. Also the increase in build costs makes it difficult to replicate the same product for a cheaper rent.</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-style:inherit;font-weight:normal;padding-left:0px;">How many vacancies are there in this complex? Owner has advised there are no vacancies in this complex</span></p></li></ul> <br>
