 Asset Class: | Show Room |
 Price: | $ 1625000 |
 Net Yield: | 6.00 % |
Net Yield - including solar strategy: | % |
 Property Market Status: | Off Market |
Presenting an exceptional opportunity to purchase a large freehold, corner site, with a recently refubished Large Format Retail building located in the centre of the site, fully leased on a 10 year lease to Pet Domain, a large Australian retailer with approximately 75 stores nationally.<br><br>Given the freehold nature of the site, corner location, recent refurbishment, reasonable rents and long term lease to a strong tenant, we like this property and see strong returns from this property over the long term.<br><br>We look forward to securing this property for you.
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Bowen is a coastal town located in the Whitsunday Region of Queensland, Australia. It lies approximately halfway between Townsville and Mackay, and about 1,165 km (724 miles) north-northwest of Brisbane. <br><br><b>Distances:</b><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>From Mackay:</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> Approximately 181 km north.</span></p></li></ul><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>From Townsville:</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> Approximately 216 km south.</span></p></li></ul><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>From Brisbane:</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> Approximately 1,165 km north-northwest.</span></p></li></ul><br><b>Population:</b><br><br>As of 2024, the Mackay–Isaac–Whitsunday region in Queensland had an estimated resident population of approximately 190,000 people. <a style="color:rgb(44, 123, 208);display:inline;" target="_blank" href="https://www.statedevelopment.qld.gov.au/regions/queenslands-regions/greater-whitsunday"><u>https://www.statedevelopment.qld.gov.au/regions/queenslands-regions/greater-whitsunday</u></a><br><br><b>Economic Drivers:</b><br><br>Bowen's economy is diverse, with key sectors including:<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>Agriculture:</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"><br> The fertile lands surrounding Bowen support the cultivation of various crops, including vegetables and mangoes.</span></p></li></ul><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>Fishing:</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"><br> Its coastal location makes it a hub for fishing activities.</span></p></li></ul><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>Tourism:</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"><br> The town's scenic beaches and historical sites attract visitors.</span></p></li></ul><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>Mining:</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"><br> The nearby Abbot Point coal port facilitates the export of coa particularly from the Bowen Basin. </span></p></li></ul><br>The region's proximity to significant mining operations, coupled with its agricultural and tourism sectors, positions Bowen as a vital contributor to Queensland's economy.<br><br><b>Greater Whitsunday Region (including Bowen) QLD</b><br><br>The Greater Whitsunday region covers 90,354 km<sup style="display:inline;">2</sup>. Comprising of the Mackay, Isaac and Whitsunday local government areas, the Greater Whitsunday Region is encompassed by St Lawrence in the south, Gumlu in<br>the north to Clermont in the west and the Great Barrier Reef Whitsunday’s group of 74 islands to the east.<br><br>The region is one of the most naturally beautiful and resource-rich locations in Australia contributing more than $74.363 billion in economic output to the Australian economy. From the largest coal mining<br>deposits in Australia, the Bowen and Galilee basins, the iconic Great Barrier Reef and Whitsunday Islands and boasting a diverse agricultural industry whichprovides over almost $2 billion to the Queensland economy, the region is an economic powerhouse that is key to Queensland’s economy. (REMPLAN 2023)
Additional Location Information File<b><u>Pets Domain (75 stores nationally)</u></b><br><br>Pets Domain is an independent, family-run business and our heart lies in regional Australia. Our CEO began selling live fish out of his garage as a young teenager before taking the leap and opening a physical<br>pet store in northern Tasmania with his father. From Tassie, our stores have grown across regional Australia. <br><br>We stock everything you need as a proud pet parent to keep your furry, feathered or scaly friends happy and healthy. As a proud pet parent you’re likely to find the products you need in-store or online at competitive, everyday low prices!<br><br>We are dedicated to helping you be the best pet parent you can be, so we offer a great FREE +Plus Club Membership program to all our customers. You can sign up in-store and access discounts on selected items across our entire range, every day and in every store.<br><br>You’ll also be the first notified about upcoming sales and in-store events.<br><br>We do not sell dogs or cats (just all that you need to care for them!), but believe in and support pet adoption.<br><br>We support local rescue groups through our Reusable Carry Bag initiative. All profits from each carry bag that is purchased from us go towards the rescue group partner associated with each Pets Domain store.<br><br><a style="color:rgb(51, 51, 51);display:inline;" target="_blank" href="https://petsdomain.com.au/"><u>https://petsdomain.com.au/</u></a><span></span>
Initial Term:
Security:
Guaranteed by Pet Solutions International Ltd
Security Info:
Guaranteed by Pet Solutions International Ltd
Please refer to estimated financials attached.
Additional Financial Information FileInitial Term:
Security:
Guaranteed by Pet Solutions International Ltd
Security Info:
Guaranteed by Pet Solutions International Ltd
Subject Property: 79 Powell Street, Bowen QLD (Pet Domain) - 586 sqm building on a 2,023 sqm site- $166/sqm net 252 Moggill Road, Indooroopilly QLD (Pet Stock) - 45 sqm - $624/sqm net 85 McDowall Street, Roma QLD (Pet Domain) - 440 sqm - $250/sqm net 283 Brisbane Road, Gympie QLD (Pet Stock) - 587 sqm - $230/sqm net 18 Through Street, South Grafton NSW (Pet Stock) - 815 sqm - $214/sqm net 23 East Street, Mt Isa QLD (Pet Domain) - 913 sqm - $131/sqm net 12-14 George Street, Gordonvale QLD (Pet Stock) - 390 sqm building on 579 sqm site - $105/sqm net Subject to valuation and further due diligence
Offer To Purchase:
$
Initial Deposit:
$
Due Diligence:
days
Finance:
days
Settlement:
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<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;">Fully leased, large format retail, freehold investment</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;">Large corner site</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;">2,023 sqm * site area</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;">586 sqm * building area</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;">Low impact industry zoning (with Council approvals for use)</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;">Ample car parking</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;">Recently refurbished - minimal capex requirements expected going forward</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;">Low site cover (29%)</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;">Two street access (Powell Street and Victoria Street)</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;">Central location - in close proximity to IGA Supermarket and Supercheap Auto</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;">Large tenant (Pets Domain - 75 stores nationally)</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;">Long term 10 year lease until 2033 plus 2 * 5 year options</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;">3.5% annual rent 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;">Net lease - tenant pays all outgoings except management fees (where audit costs can be recovered)</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: $97,430 p.a. + GST (after all outgoings including management fees) ($166/sqm)</span></p></li></ul><br><span style="color:rgb(51, 51, 51);font-style:normal;"><b>What we like about 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;">Freehold, corner site</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;">Low site cover (29%)</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 tenant - Pets Domain</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 lease - 10 years + 2 * 5 year options</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 lease - 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;">Recently refurbished - low capex</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;">Versatile warehouse/showroom - previously occupied by an auto electrics tenant, but would suit a variety of both industrial and large format retail uses.</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;">Value add potential - expand building.</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 re-development potential</span></p></li></ul><br><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Note: the blue colouring on the grass in the photos is to help the grass grow (the agent has advised that has now gone as can be seen in one of the ground level shots).</span>
