 Asset Class: | Medical |
 Price: | $ 19900000 |
 Net Yield: | 5.75 % |
Net Yield - including solar strategy: | % |
 Property Market Status: |
This property presents an exceptional opportunity to purchase a premium, brand new, medical facility on the Sunshine Coast QLD.<br><br>Given that a MEDICAL centre and CHILDCARE centre's anchor the complex, there is evidence to suggest much tighter cap rates for brand new childcare centres (e.g. around 4.5% to 5.5%) indicating upside in the value of the complex.<br><br>Please note this property is off-market and the vendor (the developer) has only provided initial information (i.e. no leases or due diligence information has been provided at this stage). So any interest will be subject to receipt of the leases and initial due diligence information. However, given the property is considered to be an exceptional asset based on the initial information provided by the vendor and Rethink's initial review, we see this as a great opportunity to purchase and submit these details for your consideration.<br><br>We look forward to securing this asset for you.
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 prominently on the most active area of Beerwah with the majority of retail strip shopping located along Turner Street and Simpson Street. The property is a part of the Beerwah Shopping Village, being situated halfway between Aldi Shopping Centre and Woolworths close to Australia Post and the Beerwah Railway Station.<br><br>The property is located close to Steve Irwin Way and the M1 (Bruce Highway) which is linked directly via Roys Road and now through to Aura with the new Bruce Highway overpass opened through to Aura Boulevard, which links directly to Caloundra Road & beyond to Kawana Way.<br><br><b>Beerwah, Sunshine Coast, QLD</b><br><br>Beerwah is one of the main hinterland towns on the Sunshine Coast and is 75* kilometres north of Brisbane and just south of Landsborough, and popular Australia Zoo.<br><br>The town also has a train station and rail line that runs northwards towards Northern Queensland and southwards to Brisbane. The Bruce Highway runs along the locality’s eastern border and provides good access to Brisbane and also major centres on the Sunshine Coast while still having the quiet, relaxed lifestyle that a growing hinterland township provides. There has been $780mill* committed by both State and Federal governments to duplicate the rail link north and south of Beerwah. This will see Beerwah as a strong commuter town with increased demand for residential development and general suburban sprawl and demand for increased medical and business services.<br><br><b>Sunshine Coast, QLD</b><br><br>The Sunshine Coast’s economy has doubled in size in the last decade, with a Gross Regional Product now exceeding $10* billion. The Sunshine Coast economy is home to circa 35,000* registered businesses across a range of industry sectors and a population of approximately 370,000 in 2024, with expectations of growing to over 500,000 people by 2041.<br><br>The Sunshine Coast has experienced strong business growth across all sectors including financial and insurance services; professional, scientific and technical services; tourism and social assistance; and education and training. These sectors collectively comprise nearly 25%* of all businesses in the region.<br><br>The Sunshine Coast is now positioning itself to become well established in the SEQ health care sector, with a $2 billion* injection into the Sunshine Coast University Public and Private Hospitals. Retail and construction sectors are strong performing segments with a strong focus on further diversifying the region’s economy. The International broadband submarine cable into Maroochydore has recently been announced by Council and the Sunshine Coast Airport expansion is underway as is the Bruce Highway upgrade at Palmview.<br><br><b>Key Surroundings:</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-weight:normal;font-style:normal;">Woolworths Shopping Centre 280m*</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;">Train Station 300m*</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;">Kmart 300m*</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;">Aldi Shopping Centre 350m*</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 University Hospital 25km*</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 35km*</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 40km*</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 CBD 72km*</span></p></li></ul><br>* Approximate
Additional Location Information File<b><u>MyLocalDoc Beerwah (GP Clinic and Medical Centre)</u></b><br><br>MyLocalDoc is a network of locally operated GP Clinics throughout Australia. They have 9 medical clinics across Southeast Queensland.<br><br>MyLocalDoc Beerwah consists of 8 doctors plus a clinician and administration team.<br><br><a style="color:rgb(44, 123, 208);display:inline;" target="_blank" href="https://www.beerwah.mylocaldoc.com.au/"><u>https://www.beerwah.mylocaldoc.com.au/</u></a><span></span><br><br><br><b><u>The Wellness Practice (Allied Health Clinic)</u></b><br><br>The Wellness Practice by CHM is leading the way in holistic health and wellness across the nation, empowering healthy lifestyles for over 25 years, currently with 4 locations across QLD, NSW, VIC as well as telehealth. They provide easily accessible holistic health and wellness services under one roof including: Acupuncture, Osteopathy, Physiotherapy, Psychology, Exercise Physiology, Clinical Reformer Pilates, Dietetics, Myotherapy, Massage Therapy, Diabetes Education, Nurse Practitioner Services.<br><br><a style="color:rgb(44, 123, 208);display:inline;" target="_blank" href="https://thewellnesspractice.com.au/"><u>https://thewellnesspractice.com.au/</u></a><span></span><br><br><br><b><u>Happy Hearts (Childcare and Kindergarten - 100 Places)</u></b><br><br>9 locations across Southeast Queensland.<br><br><a style="color:rgb(44, 123, 208);display:inline;" target="_blank" href="https://happyheartschildcare.com.au/"><u>https://happyheartschildcare.com.au/</u></a><span></span><br><br><br><b><u>Jetts Gym</u></b><br><br>Jetts is an Australian born company founded in 2007. Since then, Jetts has expanded to become a market leader with a global network of over 200+ gyms across Australia, Netherlands, New Zealand, Thailand, UK and Vietnam.<br><br><a style="color:rgb(44, 123, 208);display:inline;" target="_blank" href="https://jetts.com.au/about/"><u>https://jetts.com.au/about/</u></a><span></span><br><br><br><b><u>Veteran Wellbeing Foundation Command Post Café</u></b><br><br>VWF Command Post Café is a café and community hub, run as a non-for-profit (funded by revenue from the café and the Veteran Wellbeing Foundation, listed on the Australian Government Department of Veteran Affairs website), focusing specifically on providing veterans’ health and wellbeing, as well as anyone who is in need.<br><br>The owner of the business has noted: the café is what gets the people through the door. The real beating heart of Veteran Wellbeing Foundation is what happens in the back where veterans are referred for help with their general health, allied health, and mental health in the adjoining tenancies via a wellbeing officer from Veteran Wellbeing Foundation.<br>
Initial Term:
Security:
Security Info:
Refer to attached file.
Additional Financial Information FileInitial Term:
Security:
Security Info:
Refer to attached file (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;margin-inline-start:0px;color:rgb(36, 36, 36);"><p style="display:inline;"><span style="color:rgb(36, 36, 36);margin-inline-start:15px;font-weight:normal;font-style:normal;">Brand new state-of-the-art medical facility</span></p></li><li style="list-style-image:none;margin-inline-start:0px;color:rgb(36, 36, 36);"><p style="display:inline;"><span style="color:rgb(36, 36, 36);font-weight:normal;font-style:normal;"> Purpose-built, two-storey health hub featuring primary and allied health care providers</span></p></li><li style="list-style-image:none;margin-inline-start:0px;color:rgb(36, 36, 36);"><p style="display:inline;"><span style="color:rgb(36, 36, 36);margin-inline-start:15px;font-weight:normal;font-style:normal;">5 tenants including a Doctors clinic (8 GP's), a 100-place Childcare Centre and Kindergarten, an Allied Health Company incorporating physio, psychologists, osteopaths, and many other specialists, a Jetts Gym, and a Cafe</span></p></li><li style="list-style-image:none;margin-inline-start:0px;color:rgb(36, 36, 36);"><p style="display:inline;"><span style="color:rgb(36, 36, 36);margin-inline-start:15px;font-weight:normal;font-style:normal;">4,050 sqm site area</span></p></li><li style="list-style-image:none;margin-inline-start:0px;color:rgb(36, 36, 36);"><p style="display:inline;"><span style="color:rgb(36, 36, 36);margin-inline-start:15px;font-weight:normal;font-style:normal;">2,876 sqm building area</span></p></li><li style="list-style-image:none;margin-inline-start:0px;color:rgb(36, 36, 36);"><p style="display:inline;"><span style="color:rgb(36, 36, 36);margin-inline-start:15px;font-weight:normal;font-style:normal;">70+ on-site car parks</span></p></li><li style="list-style-image:none;margin-inline-start:0px;color:rgb(36, 36, 36);"><p style="display:inline;"><span style="color:rgb(36, 36, 36);margin-inline-start:15px;font-weight:normal;font-style:normal;">Major centre zoning</span></p></li><li style="list-style-image:none;margin-inline-start:0px;color:rgb(36, 36, 36);"><p style="display:inline;"><span style="color:rgb(36, 36, 36);margin-inline-start:15px;font-weight:normal;font-style:normal;">Located in the heart of the Sunshine Coast town of </span><span style="color:rgb(36, 36, 36);font-style:inherit;font-weight:normal;padding-left:0px;margin-inline-start:15px;">Beerwah </span><span style="color:rgb(36, 36, 36);margin-inline-start:15px;font-weight:normal;font-style:normal;">- just off the Bruce Highway</span></p></li><li style="list-style-image:none;margin-inline-start:0px;color:rgb(36, 36, 36);"><p style="display:inline;"><span style="color:rgb(36, 36, 36);margin-inline-start:15px;font-weight:normal;font-style:normal;">Less than 200m* from a Woolworths-anchored shopping centre and the </span><span style="color:rgb(36, 36, 36);font-style:inherit;font-weight:normal;padding-left:0px;margin-inline-start:15px;">Beerwah</span><span style="color:rgb(36, 36, 36);margin-inline-start:15px;font-weight:normal;font-style:normal;"> Train Station - set to be upgraded as part of the new Sunshine Coast Rail Expansion</span></p></li><li style="list-style-image:none;margin-inline-start:0px;color:rgb(36, 36, 36);"><p style="display:inline;"><span style="color:rgb(36, 36, 36);margin-inline-start:15px;font-weight:normal;font-style:normal;">Long 11.5 Year WALE</span></p></li><li style="list-style-image:none;margin-inline-start:0px;color:rgb(36, 36, 36);"><p style="display:inline;"><span style="color:rgb(36, 36, 36);margin-inline-start:15px;font-weight:normal;font-style:normal;">Estimated Net Income: $1,145,000 p.a. + GST + Outgoings ($398/sqm net)</span></p></li></ul><br><br><span style="color:rgb(36, 36, 36);margin-inline-start:15px;"><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;margin-inline-start:0px;color:rgb(36, 36, 36);"><p style="display:inline;"><span style="color:rgb(36, 36, 36);margin-inline-start:15px;font-weight:normal;font-style:normal;">Brand new</span></p></li><li style="list-style-image:none;margin-inline-start:0px;color:rgb(36, 36, 36);"><p style="display:inline;"><span style="color:rgb(36, 36, 36);margin-inline-start:15px;font-weight:normal;font-style:normal;">Significant depreciation benefits</span></p></li><li style="list-style-image:none;margin-inline-start:0px;color:rgb(36, 36, 36);"><p style="display:inline;"><span style="color:rgb(36, 36, 36);margin-inline-start:15px;font-weight:normal;font-style:normal;">Minimal maintenance/capex</span></p></li><li style="list-style-image:none;margin-inline-start:0px;color:rgb(36, 36, 36);"><p style="display:inline;"><span style="color:rgb(36, 36, 36);margin-inline-start:15px;font-weight:normal;font-style:normal;">Medical tenants - essential service for ageing population</span></p></li><li style="list-style-image:none;margin-inline-start:0px;color:rgb(36, 36, 36);"><p style="display:inline;"><span style="color:rgb(36, 36, 36);margin-inline-start:15px;font-weight:normal;font-style:normal;">Rents are reasonable compared to market</span></p></li><li style="list-style-image:none;margin-inline-start:0px;color:rgb(36, 36, 36);"><p style="display:inline;"><span style="color:rgb(36, 36, 36);margin-inline-start:15px;font-weight:normal;font-style:normal;">Long WALE - 11.5 years as at Feb 2025</span></p></li><li style="list-style-image:none;margin-inline-start:0px;color:rgb(36, 36, 36);"><p style="display:inline;"><span style="color:rgb(36, 36, 36);margin-inline-start:15px;font-weight:normal;font-style:normal;">Exceptional location in essential service hub (Woolworths, Kmart, Fresh N Save, Beerwah Train Station all within 200 metres of the property)</span></p></li><li style="list-style-image:none;margin-inline-start:0px;color:rgb(36, 36, 36);"><p style="display:inline;"><span style="color:rgb(36, 36, 36);margin-inline-start:15px;font-weight:normal;font-style:normal;">Sunshine Coast population is expected to grow from 370,000 people in 2024 to over 500,000 people by 2041 (35% increase) which will drive property price growth</span></p></li></ul>
