<b>Golden Bay, WA – Coastal Growth and Investment Potential</b><br><br><b>Golden Bay</b> is a thriving coastal suburb located approximately <b>45min south of Perth’s CBD</b> within the City of Rockingham. Spanning around <b>4.6 square kilometres</b>, the suburb offers direct access to the Indian Ocean, pristine beaches, and a family-friendly community, making it <b>highly desirable</b> for both residents and investors.<br><br>The suburb has experienced significant <b>population growth</b>, with an <b>increase of 21.79% since 2020</b>. Golden Bay’s affordability and ongoing residential development have fueled demand, particularly among first-home buyers and investors. The median <b>house price has surged by 27.8% over the past 12 months</b>, positioning Golden Bay as <b>one of Perth’s top suburbs for capital growth</b>. The award-winning <b>Golden Bay Estate</b>, a <b>2,200-dwelling master-planned development</b>, has been a key driver of this expansion. <span style="color:rgb(51, 51, 51);">Position perfect in heart of Golden Bay town centre,</span><span style="color:rgb(51, 51, 51);"><b> directly opposite under construction shopping centre, $13 million</b></span><span style="color:rgb(51, 51, 51);"> MSWA Living Centre and approved fast-food development. Within </span><span style="color:rgb(51, 51, 51);"><b>500 metres* of Comet Bay College (1,700+ students),</b></span><span style="color:rgb(51, 51, 51);"> </span><span style="color:rgb(51, 51, 51);"><b>Golden Bay Primary School (500+ students) </b></span><span style="color:rgb(51, 51, 51);">and 3 childcare centres.</span><br><br>Golden Bay benefits from its strategic location along the coastal corridor, near Mandurah and Rockingham, with <b>excellent transport links</b>, including the <b>Kwinana Freeway </b>and the <b>upcoming Lakelands train station</b>. Proximity to <b>major employment hubs</b>, such as the <b>Kwinana Industrial Area</b> and the growing business precincts of Rockingham and Mandurah, further strengthens the suburb’s long-term investment appeal.<br><br>From a commercial perspective, Golden Bay presents an <b>emerging opportunity.</b> While primarily residential, nearby commercial precincts in <b>Secret Harbour and Singleton</b> cater to growing demand for retail, medical, and hospitality services. Low vacancy rates in the surrounding region signal strong business demand, making it a promising area for future commercial investment. Key spending indicators include an <b>average of 2.10 vehicles per household</b> and a <b>total fuel expenditure of $24.62 million</b> within a <b>3km radius</b>, these numbers set for <b>continued strong growth</b>.<br><br>Western Australia’s <b>robust economy</b>, driven by strong population growth and infrastructure investment, further reinforces Golden Bay’s potential as a high-growth area, making it an attractive option for both residential and commercial property investors.<br><br><br><b>City of Rockingham - 10 min from Golden Bay</b><br><br>The <b>City of Rockingham</b>, located <b>40 km southwest of Perth</b>, is a dynamic coastal city known for its economic strength, strategic location, and lifestyle appeal. Spanning <b>518 square kilometres</b>, it is home to <b>152,502 residents</b>, with projections indicating <b>51.84% growth</b> to <b>231,559 by 2046</b>.<br><br>Rockingham generates a <b>Gross Regional Product (GRP) of $6.58 billion annually</b>, with <b>41,736 local businesses</b> supporting <b>74,736 employed residents</b>. The local economy is anchored by <b>defense, manufacturing, logistics, retail, and tourism</b>, with an <b>economic output of $11.1 billion</b>.<br><br>Rockingham is experiencing significant investment, with a <b>$10+ billion development pipeline</b> driving growth. Key projects include:<br><br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>$2+ billion</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> invested in the industrial and logistics sector.</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>$8 billion</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> federal funding for </span><span style="color:rgb(51, 51, 51);font-style:normal;"><b>HMAS Stirling Naval Base</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> as part of the </span><span style="color:rgb(51, 51, 51);font-style:normal;"><b>AUKUS agreement</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">, reinforcing Rockingham’s role as a strategic defense hub.<br></span></p></li></ul><br>The commercial real estate sector benefits from <b>low vacancy rates</b>, particularly in industrial and retail spaces. The city's strong economic fundamentals, coupled with increasing infrastructure investment, make it a compelling location for business expansion and property investment.<br>

<span style="color:rgb(0, 0, 0);background-color:transparent;">1. Tenant Profile – 7-Eleven Australia</span><br><br><span style="color:rgb(0, 0, 0);background-color:transparent;">7-Eleven is Australia’s largest convenience retailer, operating over 760 stores nationwide and commanding approximately 38% of the market. It is also the country’s leading independent fuel retailer, with more than 630 sites across Australia.</span><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(0, 0, 0);background-color:transparent;font-weight:normal;font-style:normal;">Handles 228+ million transactions annually, serving an average of seven customers per second.</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);background-color:transparent;font-weight:normal;font-style:normal;">Employs over 8,800 people nationwide.</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);background-color:transparent;font-weight:normal;font-style:normal;">Expanding rapidly, adding around 30 new stores per year.</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);background-color:transparent;font-weight:normal;font-style:normal;">Committed to sustainability, diverting over 32.3 million cups from landfill.</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);background-color:transparent;font-weight:normal;font-style:normal;">Undergoing an intensive capital reinvestment plan, with store upgrades scheduled for 2025 and fuel infrastructure improvements in the pipeline.</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);background-color:transparent;font-weight:normal;font-style:normal;">The Golden Bay store recorded the strongest opening day for in-store sales for a 7-Eleven in Western Australia.</span></p></li></ul><br><span style="color:rgb(0, 0, 0);background-color:transparent;">Seven &amp; i Holdings (7-Eleven International LLC)</span><br><br><span style="color:rgb(0, 0, 0);background-color:transparent;">7-Eleven Australia operates under 7-Eleven International LLC, a subsidiary of Seven &amp; i Holdings Co. Ltd., a global retail giant listed on the Tokyo Stock Exchange (3382:TYO) with a market capitalization of AUD $65.1 billion (JPY 6.20 trillion).</span><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(0, 0, 0);background-color:transparent;font-weight:normal;font-style:normal;">7-Eleven International LLC is a joint venture between 7-Eleven Inc. and Seven-Eleven Japan Co. Ltd., overseeing the brand’s global expansion strategy.</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);background-color:transparent;font-weight:normal;font-style:normal;">Holds master franchises and/or licenses for over 46,000 stores across 16 countries and regions.</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);background-color:transparent;font-weight:normal;font-style:normal;">7-Eleven Inc. operates, franchises, and licenses more than 13,000 stores in the U.S., Canada, and Mexico.</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);background-color:transparent;font-weight:normal;font-style:normal;">Seven-Eleven Japan Co. Ltd. operates over 21,000 stores across Japan.</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);background-color:transparent;font-weight:normal;font-style:normal;">As a globally recognized brand with a strong market presence, 7-Eleven continues to drive innovation, growth, and operational excellence, making it a highly secure and valuable tenant.</span></p></li></ul><br><br><br><span style="color:rgb(0, 0, 0);background-color:transparent;">2. Tenant Profile – Domino’s Pizza Enterprises Ltd (ASX:DMP)</span><br><br><span style="color:rgb(0, 0, 0);background-color:transparent;">Domino’s is Australia’s largest pizza chain by store count and sales, and the world’s largest franchisee of the US-based Domino’s Pizza brand.</span><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(0, 0, 0);background-color:transparent;font-weight:normal;font-style:normal;">Holds the exclusive master franchise rights for Australia, New Zealand, Belgium, France, the Netherlands, Japan, Germany, Luxembourg, Taiwan, Malaysia, Singapore, and Cambodia.</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);background-color:transparent;font-weight:normal;font-style:normal;">The Domino’s brand is owned by Domino’s Pizza Inc., a publicly listed US company.</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);background-color:transparent;font-weight:normal;font-style:normal;">Operates over 3,800 stores across 12 markets, making it the leading international Domino’s franchisee.</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);background-color:transparent;font-weight:normal;font-style:normal;">Revenue growth: Increased network revenue by 4.6% from FY21 to FY22, reaching $3.918 billion.</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);background-color:transparent;font-weight:normal;font-style:normal;">The franchisee of the Golden Bay store also operates another store in Baldivis.</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);background-color:transparent;font-weight:normal;font-style:normal;">Domino’s continues to expand its market presence, technological innovations, and delivery capabilities, making it a resilient and highly secure tenant in commercial property investments.</span></p></li></ul><br><br><br><span style="color:rgb(0, 0, 0);background-color:transparent;">3. Tenant Profile – Snap Fitness 24/7</span><br><br><span style="color:rgb(0, 0, 0);background-color:transparent;">Snap Fitness is a world-leading fitness franchise, recognized for its rapid expansion and innovation in the health and fitness industry. The brand was awarded the 'Global Franchise Awards 2022', highlighting its success in the sector.</span><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(0, 0, 0);background-color:transparent;font-weight:normal;font-style:normal;">267+ locations across Australia, serving 200,000+ members.</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);background-color:transparent;font-weight:normal;font-style:normal;">Offers flexible membership options and varied gym formats to cater to diverse fitness needs.</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);background-color:transparent;font-weight:normal;font-style:normal;">World’s largest and fastest-growing 24/7 fitness chain, with approximately 3,000 locations globally.</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);background-color:transparent;font-weight:normal;font-style:normal;">Strong commitment to continued expansion and investment in state-of-the-art facilities.</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);background-color:transparent;font-weight:normal;font-style:normal;">The Golden Bay Snap Fitness gym operates 24/7 and has 850+ active members.</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);background-color:transparent;font-weight:normal;font-style:normal;">With a proven franchise model, strong brand recognition, and a commitment to growth, Snap Fitness remains a stable and high-demand tenant in commercial real estate.</span></p></li></ul><br><br><br><span style="color:rgb(0, 0, 0);background-color:transparent;">4. Tenant Profile – Detox Zen</span><br><br><span style="color:rgb(0, 0, 0);background-color:transparent;">Detox Zen is a premium health and wellness business, specializing in infrared saunas and ice baths designed to promote detoxification, muscle recovery, and overall well-being. With a focus on holistic health,</span><br><span style="color:rgb(0, 0, 0);background-color:transparent;">Detox Zen provides a calm and rejuvenating environment for individuals seeking relaxation, stress relief, improved circulation, and enhanced physical recovery.</span><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 st

Subject Property: 52 Thundelarra Drive Golden Bay - $8,900,000 - 6.81% 51 Tiffany Centre, Dalyellup (Bunbury) - $6,940,000 - 6.63% Net (Sold late 2024 - New 7-Eleven with retail - far inferior location) 2 Tamala Lane, Yanchep - $5,281,481 - 6.75% Net (Sold Mid 2024 - New 7-Eleven with NO retail - far inferior location and asset)

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