 Asset Class: | Retail |
 Price: | $ 6430000 |
 Net Yield: | 7.00 % |
Net Yield - including solar strategy: | % |
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This exceptional commercial property presents a once-in-a-lifetime opportunity to acquire <span style="color:rgb(51, 51, 51);">one of the Sunshine Coast's most iconic hospitality assets. </span>Formerly Joe's Waterhole, a historic Queensland pub dating back to 1891, the property underwent a <b>$7.5 million transformation </b>before reopening in December 2023.<br><br>This investment offers premium infrastructure and modern facilities, ensuring a secure, long-term opportunity. Matso's Brewery, part of <b>Australia's 4th largest independent brewery</b>, has operated for over 20 years and is behind Australia's #1 Independent Craft Beer Brand (Gage Roads) & #1 Independent Ginger Beer Brand (Matso's).<br><br>Founded in Broome in 1997, Matso's is credited as Australia's first alcoholic ginger beer, which has since developed a strong national following. Beyond its own brands, the business also sells and distributes major licensed brands such as Coors, Millers, Miller Chill, San Miguel, Magners Cider, and Rekorderlig Cider-bringing significant scale to its operations. As part of its national marketing strategy, the company has focused on creating iconic and unique branded hospitality experiences across Australia, with Matso's Sunshine Coast following in the footsteps of its successful venues in Broome and Fremantle.<br><br>Situated on a 3,474m2* site in the heart of Eumundi, opposite the famous Eumundi Markets, the property enjoys prime exposure and high foot traffic. Just 25 minutes from Sunshine Coast Airport, Maroochydore CBD, and Noosa, this landmark venue offers a rare, set-and-forget investment.<br><br><span style="color:rgb(0, 0, 0);">This property represents an exceptional buying opportunity. </span>Don't miss the chance to capitalise on this fantastic opportunity to purchase a tenanted investment in a fully developing area with minimal option ever available.<br>
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Subject Property: $542 Per Sqm Eumundi has the lowest historical vacancy rate on the Sunshine Coast, and tenant turnover in the area is exceptionally low, with most businesses operating here for over 20 years. So, it is almost impossible to find rental comparable for the subject property.
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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;">Expansive 3,474m2* site - Situated in the heart of the Eumundi Village precinct</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;">Total NLA of 830</span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">m2*</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;">Annual net income of $450,000 P/A, with tenants covering 100% of outgoings</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 WALE - Brand new 10-year lease securing long-term income</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;">Premium infrastructure & modern facilities provide a secure, set-and-forget 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;">Tenanted by Matso's Brewery, part of Australia's 4th largest independent brewery, has operated for 20+ years and owns Australia's #1 Independent Craft Beer (Gage Roads) & Ginger Beer (Matso's)</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;">Prime location - Just 25 minutes from Sunshine Coast Airport, Maroochydore CBD & Noosa.</span></p></li></ul>
