 Asset Class: | Show Room |
 Price: | $ 12200000 |
 Net Yield: | 5.25 % |
Net Yield - including solar strategy: | % |
 Property Market Status: | Pre Market |
Presenting a trophy investment opportunity: a brand new, feehold, large format retail centre, anchored by two national tenants, Total Tools and RSEA, in a booming growth area.<br><br>The tenants have already signed Agreements For Leases and Leases, with construction of the property already commenced. The footings have been completed based on Rethink's site inspection on 18 February 2025 (see photos). Furtheer photos from 20 May 2025 agent inspection.<br><br><span style="color:rgb(51, 51, 51);">Current estimated practical completion date is Q3 2025, with expected tenant lease commencements to be approximately 1 month after (e.g. October/November 2025).</span><br><br><span style="color:rgb(51, 51, 51);">Settlement would be 21 days from Lease Commencement Date.</span><br><br><span style="color:rgb(51, 51, 51);">This is great property based on strong fundamentals (i.e. location, strong national tenants, long term net leases, brand new build). It provides a long term, secure income stream, with the potential for upside (see below).</span><br><br><span style="color:rgb(51, 51, 51);">Further, rents appear under market, refer Key Highlights.</span><br><br><span style="color:rgb(51, 51, 51);">We look forward to securing this property for you.</span>
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?
<b>The Property</b><br><br>The property is located in Baringa,<span style="color:rgb(32, 33, 34);"> a rapidly growing residential and commercial area of the Sunshine Coast QLD, part of the Aura Business Park, an industrial and commercial business hub within Aura, one of Australia's largest master planned communities, being developed by Stockland and is expected to accommodate 50,000 people.</span><br><br><span style="color:rgb(32, 33, 34);">The locality of Baringa was excised from Bells Creek in 2017. It was created to accommodate population growth in the Caloundra South Priority Development Area (Queensland State Government designated growth areas).</span><br><br><b>Proximity</b><br><br>Prominently positioned within Aura Business Park, 6–10 Carnegie Street, Baringa sits within a cluster of National tenants including: Mitre 10, Bridgestone, Carpet Court, Auto Masters and Samios Plumbing, McDonald’s, EG Fuel Service Station and a future Homemaker Centre (DA approved).<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;">Caloundra 8 km*</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;">Maroochydore CBD 24 km*</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;">Sunshine Coast Airport 35 km*</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;">Brisbane Airport 83 km*</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;">Brisbane 91 km*</span></p></li></ul><br><br><b>Aura Business Park</b><br><br>The Aura Business Park is the future of commercial real estate on the Sunshine Coast, set to become a business centre of investment, offering untapped opportunity where businesses will thrive. Surrounded by an active residential community with a forecasted population of 50,000, the park is fast becoming a driving force behind the significant economic growth on the Sunshine Coast.<br><br>Aura Business Park’s convenient location adjacent to the Bells Creek Arterial Road, with easy connections to the Bruce Highway, is a key feature attracting a range of entrepreneurs. The park’s unique location adjacent to Aura, one of Australia’s fastest selling residential developments, will ensure businesses are set to take advantage of the community’s current and future growth opportunities.<br><br>All lots are equipped with high speed NBN and close to education hubs, parks, sports grounds and the future Aura town centre, making them perfect for start-up and expanding businesses who want to be part of the largest investment zone on the Sunshine Coast.<br><br>The Aura Business Park will accommodate a range of uses including light industry and manufacturing, bulky goods and showrooms, commercial office space, storage and warehousing, research and development, and indoor sports and recreation.<br><br><b>Sunshine Coast Population Statistics:</b><br><br><span style="font-weight:normal;">Sunshine Coast estimated population 2025</span>: over 370,000 people<br><br><a style="color:rgb(44, 123, 208);display:inline;" target="_blank" href="https://www.population.net.au/sunshine-coast-population/"><u>https://www.population.net.au/sunshine-coast-population/</u></a><span></span><br><br><br><span style="font-weight:normal;">Sunshine Coast forecast population 2041:</span> over 540,000 people<br><br><a style="color:rgb(44, 123, 208);display:inline;" target="_blank" href="https://www.sunshinecoast.qld.gov.au/experience-sunshine-coast/statistics-and-maps/population-forecast"><u>https://www.sunshinecoast.qld.gov.au/experience-sunshine-coast/statistics-and-maps/population-forecast</u></a><span></span><br><br>* Approx.
Additional Location Information File<b><u>Total Tools (national covenant)</u></b><br><br>Total Tools is the largest trade tool supplier in Australia. Servicing Australia for more than 30 years, Total Tools has more than 115 stores* nationwide and is wholly owned by ASX listed Metcash (ASX: MTS), Australia’s leading wholesale distribution and marketing company with sales of over $18 billion* in FY23.<br><br><a style="color:rgb(51, 51, 51);display:inline;" target="_blank" href="http://www.totaltools.com.au/"><u>www.totaltools.com.au</u></a><span></span><br><br><b><u>RSEA (international covenant)</u></b><br><br>RSEA is a leading brand in Workwear and Safety equipment. Founded in 2000, RSEA have over 90 stores across Australia and New Zealand. They provide a complete range of products and offer on-line and on-site delivery services.<br><br><a style="color:rgb(51, 51, 51);display:inline;" target="_blank" href="https://www.rsea.com.au/"><u>https://www.rsea.com.au/</u></a><span></span><br>
Initial Term:
Security:
Total Tool (Guaranteed); RSEA (3 months BG)
Security Info:
Total Tool (Guaranteed); RSEA (3 months BG)
Please refer to attached document.
Additional Financial Information FileInitial Term:
Security:
Total Tool (Guaranteed); RSEA (3 months BG)
Security Info:
Total Tool (Guaranteed); RSEA (3 months BG)
Subject Property: 6-10 Carnegie Street, Baringa (Sunshine Coast) - $237/sqm net p.a. average - Total Tools: 1,699sqm at $230/sqm net - RSEA: 1,001 sqm at $250/sqm net 265 Morayfield Road, Morayfield (Brisbane) - Total Tools: 1,500 sqm at $272/sqm net - RSEA: 1,000 sqm at $299/sqm net Deeragun (Townsville) - (BCF, Super Cheap, Bridgestone) – 2,602sqm - $266/sqm net p.a. + GST averaged Burleigh Home+Life (Gold Coast) - (Anaconda, RSEA, Autobarn, etc) – 11,206sqm - $290/sqm net p.a. + GST averaged - RSEA: 1,203 sqm at $269/sqm net Average Large Format Rents for Queensland per www.statistica.com in 2024 - approx. $284/sqm net p.a. + GST Subject to valuation and further due diligence.
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, 51, 51);font-weight:normal;font-style:normal;">Brand new, large format retail centre, fully leased to two national tenants (Total Tools and RSEA)</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;">Estimated construction completion in Q3 2025 - settlement would be from the later of completion date and lease commencement.</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;">Site Area: 4,518 sqm* - over 3 separate freehold lots</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;">Gross Lettable Area: 2,700 sqm*</span></p></li><ul style="list-style-type:circle;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;">Total Tools: 1,699 sqm* - 11-year term with 2 x 5 years options at $230/sqm net p.a. + GST, 3% p.a. reviews</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;">RSEA: 1,001 sqm* - 11-year term with 2 x 5 years options at $250/sqm net p.a. + GST, 3% p.a. reviews</span></p></li></ul><li style="list-style-image:none;color:rgb(51, 51, 51);font-style:normal;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">33 on-grade car parks*</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;">11 year WALE</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;">Competitive rents - considered to be under market compared to other similar 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;">Growing location</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);font-style:normal;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Estimated Net Income: $641,020 p.a. net + GST after all outgoings including management fee and land tax ($237/sqm)</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);font-weight:bold;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Rents appear under market by potentially $50/sqm-$100/sqm (low end based on older lease deals, high end based on agent feedback for new LFR deals), which would indicate potential value uplift of approximately $2.6m to $5.1m (i.e. from $12.2m to $14.8m-$17.3m) assuming the purchase yield is applied^.</b></span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);font-weight:bold;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>If the estimated market rents were applied, the purchase yield would be 6.4 to 7.5%.</b></span></p></li></ul><br><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Why we like this property:</b></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);font-style:normal;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Multi tenanted - diversity of income and risk</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);font-style:normal;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">National tenants - strong covenants</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);font-style:normal;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Brand new - low maintenance</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);font-style:normal;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Net leases - low management</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);font-style:normal;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Under rented - allows for future capital growth</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);font-style:normal;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Growing location - 50,000 people are expected to move into the area, underpinning customer demand for tenants, and therefore, underpinning rents/value</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);font-style:normal;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Long term leases - 11 year WALE</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);font-style:normal;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Inflation hedge - 3% p.a. annual reviews</span></p></li></ul><br><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">* Approx.</span><br><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">^ Subject to the market at the time.</span>
