This exceptional commercial property presents a once-in-a-lifetime opportunity to acquire a premium Brand new fully leased Large Format retail facility located in the Bulky goods retail hub of Gympie. The building will be a standalone whole of site lease to Autobarn Corporate (Bapcor), Not a franchisee. <br><br>The site is located at the front of the popular LFR estate in Monkland. Facing the Pacific Highway. The Edward Campion Drive estate has a great tenant calibre already and is filling fast. Lincraft, BCF, Harvey Norman, Chemist Warehouse, Ultra tune and Andersen’s. With Mitre 10, Bunnings, Ironman and ARB all within less than 1km. And Spotlight coming soon.<br><br>This massive corner complex is featuring a 1,548 m2 of net lettable area situated atop of large 3,242 m2 of site boasting strong exposure and large frontage with dual street access in Gympie’s premier retail and bulky goods precinct.<br><br><span style="color:rgb(0, 0, 0);">This property represents an exceptional buying opportunity. </span>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><br><b><u>Value-Add Potential (To be verified during the Due Diligence)</u></b><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-style:normal;"><b>Autobarn Rent Per Sqm: </b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">The Autobarn lease was done pre-construction and it is currently rented at only $213 Per Sqm. 3 recent pre commitments in the street are various from $280 to $330 Per Sqm.</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;">Considering the market rent at only at $280 Per Sqm, this will increase the net income to $415,000</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-style:normal;"><b>Potential Net Yield:</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> 6.5%*</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-style:normal;"><b>Potential Value of the Property at the Market Review: </b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">$6,916,666 (Considering the cap rate of 6% for a similar type of an assest)</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-style:normal;"><b>Potential Value-Add at the Option:</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> $616,666*</span></p></li></ul><br><b><u>Furthermore, The Replacement Value: </u></b><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-style:normal;"><b>Land Value: </b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">$600 x 3,242 m2 = $1,945,200</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-style:normal;"><b>Building:</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> $3,000 x 1,548 m2 = $4,644,000</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-style:normal;"><b>Total: </b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Circa $6.5 million </span></p></li></ul><br>