 Asset Class: | Office |
 Price: | $ 2500000 |
 Net Yield: | 6.60 % |
Net Yield - including solar strategy: | % |
 Property Market Status: | Off Market |
This exceptional commercial property presents a once-in-a-lifetime opportunity to acquire a premium waterfront investment situated in the heart of the renowned Coolum Esplanade just metres from the famous Coolum Beach.<br><br><span style="color:rgb(51, 63, 72);">Located within walking distance to the Coles anchored Coolum Marketplace, the tenancy is also flanked by the Westpac bank. Situated on the ground floor directly opposite one of the coasts most iconic patrolled beaches, the tenancies offer an impressive 12 metre street frontage to the David Low Way which is the main arterial road connecting Maroochydore and Noosa Heads.</span><br><br>Single-tenant investments positioned in high growth areas with strong lease covenants via an established company are rarely available on the market. Therefore, we encourage your strong consideration of this outstanding investment opportunity.
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?
As Australian businesses look outside major cities to establish, relocate or expand, Queensland’s Sunshine Coast is firmly in the spotlight.<br><br>The Sunshine Coast offers opportunities in a diverse range of growth industries, an emerging city centre which is already becoming a vibrant commercial and leisure precinct and a local government that supports new and existing businesses to establish and grow.<br><br>Over the past 15 years, economic growth on the Sunshine Coast has outperformed almost every other regional economy in Australia, sparking a wave of new residential, office and retail development. The booming economy is being propelled forward by a highly educated, highly motivated workforce and a uniquely entrepreneurial culture.<br><br><br>
Additional Location Information File<span style="color:rgb(31, 31, 31);"><b><u>Commonwealth Bank of Australia</u></b></span><br><br><span style="color:rgb(31, 31, 31);"><b>Website: </b></span><a style="color:rgb(44, 123, 208);display:inline;font-weight:normal;" target="_blank" href="https://www.commbank.com.au/"><u>CommBank - bank accounts, credit cards, home loans and insurance</u></a><span style="font-weight:normal;"></span><br><br><b>Stock price: </b><span style="font-weight:normal;">CBA (ASX) $165.98 +3.82 (+2.36%)</span><br><b>Headquarters</b><span style="font-weight:normal;">: Sydney</span><br><b>Founded:</b><span style="font-weight:normal;"> 22 December 1911, Melbourne</span><br><b>Areas served:</b><span style="font-weight:normal;"> Australia; China; European Union; Hong Kong; Indonesia; Japan; London; New Zealand; New York; Singapore</span>
Initial Term:
Security:
Security Info:
<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-weight:bold;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Tenant: </b></span><span style="font-weight:normal;color:rgb(51, 51, 51);font-style:normal;">Commonwealth Bank of Australia (ASX: CBA)</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>Tenant's Since: </b></span><span style="font-weight:normal;color:rgb(51, 51, 51);font-style:normal;">2018 (6 years)</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>Lease End Date:</b></span><span style="font-weight:normal;color:rgb(51, 51, 51);font-style:normal;"> 11th March 2027</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>Net Income:</b></span><span style="font-weight:normal;color:rgb(51, 51, 51);font-style:normal;"> $165,295</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>Annual Increases: </b></span><span style="font-weight:normal;color:rgb(51, 51, 51);font-style:normal;">3% </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>Outgoings: </b></span><span style="font-weight:normal;color:rgb(51, 51, 51);font-style:normal;">100% paid by the tenant including property management </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>Rent Per Sqm: </b></span><span style="font-weight:normal;color:rgb(51, 51, 51);font-style:normal;">$983 Per Sqm</span></p></li></ul>
Additional Financial Information FileInitial Term:
Security:
Security Info:
Please refer to the financial overview file
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;">Located in the heart of one of the Sunshine Coast's premier tourist destinations only metres from Coolum Beach</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;">Longstanding tenant – Tenants since 2018 (7 years)</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;">Leased until 11-03-2027 to ASX Listed Giant, Commonwealth Bank of Australia</span></p></li><li style="list-style-image:none;font-weight:bold;"><p style="display:inline;"><span style="color:rgb(51, 63, 72);font-style:normal;"><b>Two titles providing for both a reduced risk profile and a number of different possibilities in the future</b></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;">Significant fit-out completed by the tenant</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;">168 m2 of ground floor net lettable 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;">Offers an impressive 12 metre street frontage to David Low Way, the main arterial road connecting Maroochydore and Noosa Heads</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;">Walking distance to the Coles anchored Coolum Marketplace & McDonalds</span></p></li></ul>
