<p>The property is strategically positioned in the <strong>Chevallum/Forest Glen industrial precinct</strong>, one of the Sunshine Coast's most sought-after industrial locations. This central position provides exceptional accessibility with <strong>immediate access to the Bruce Highway</strong>, the main arterial road connecting Brisbane to the north.</p> <p>This prime geographical location minimises logistical inefficiencies for businesses servicing all areas of the Sunshine Coast, from Caloundra to Noosa. The precinct is characterized by <strong>very limited land supply</strong>, making established properties with quality improvements highly coveted by both tenants and investors.</p> <p>The Sunshine Coast region continues to experience strong population growth and infrastructure development, driving demand for quality industrial assets like the subject property. The area benefits from its proximity to major population centers while maintaining the lifestyle advantages that make the Sunshine Coast so desirable.</p>

<p class="mb-4">The property is leased to <strong>Northeast Auto Group</strong>, operating as a truck dealership and service centre. </p><p class="mb-4">The Northeast Auto Group journey began with Charlie Emanuele (Dec 2013) and Peter Emanuele (Dec 2022), who began working in the Adelaide automotive market, on the basis of buying and selling used cars in the 1970’s. Midway through the 80’s, a base operation was established in Hampstead Gardens where they began the venture of buying and selling second-hand trucks, which soon became the main focus of the business for several years. By 1993, Charlie’s son, Tony, commenced his Diesel Technician apprenticeship, and Joe joined the business in 1996, starting with the spare parts division</p><p class="mb-4">Based on Charlie’s passion and reputation for customer service, the business was approached by Isuzu-General Motors in 1995 (now Isuzu Australia Limited). Charlie shared with the Isuzu executives his vision of an expansive Isuzu Truck dealership on an empty lot in Burton, the original site for Northeast Isuzu and now the Northeast Auto Group</p><p class="mb-4">Since 2013, with Tony &amp; Joe’s vision and leadership, the Group has continued to grow from strength to strength, winning multiple awards, further building on its brand and becoming the largest seller of new and used trucks in South Australia. Through its evolution, and desire to offer a turn-key solution to the industry, various other business units were created in order to better service the Groups loyal customers, in the form of the Engineering &amp; Manufacturing division, Parts &amp; Service, Agricultural and Construction equipment with additional franchises such as Iveco, Isuzu Ute, Kobelco and Polaris, along with the different locations around South Australia, and the more recently acquired Shepparton dealership.</p><p class="mb-4">With our updated state-of-the-art facilities sprawling across 24 acres at Burton, locations at Port Augusta, Hampstead Gardens, Lonsdale and Shepparton (Victoria), and with future scope to continue the expansion of the business into other markets, the future looks bright for the original “One Stop Auto Shop”.</p>

<p class="mb-4">The property presents an attractive financial proposition with a <strong>secure net income of $520,200 + GST per annum</strong>. The lease structure provides exceptional income security with:</p><ul class="bullet-list"><li><p class="mb-4">Established tenant (Capem Pty Ltd) secured on a 5-year lease until June 2029</p></li><li><p class="mb-4">One 5-year option providing potential long-term income security</p></li><li><p class="mb-4">Annual rent reviews at 3% or CPI (whichever is greater) - Next one in June 2025 which will increase the net income further</p></li><li><p class="mb-4">100% recoverable outgoings totaling $38,929.95 annually</p></li><li><p class="mb-4">Security bond equivalent to three months rent plus GST</p></li><li><p class="mb-4">Director guarantees providing additional income protection</p></li></ul><p class="mb-4">The total gross income amounts to <strong>$559,129.95</strong> with net income of $520,200 after recoverable outgoings. The outgoings include Council Rates ($9,562.80), Body Corporate ($12,463.88), Unitywater ($8,883.28), Land Tax ($2,087.75), and Business Insurance ($5,932.24).</p><p class="mb-4"></p><p class="mb-4">Please note that property management also recoverable expense from the tenant </p><p class="mb-4"></p><p class="mb-4"></p>

<p class="mb-4">Please refer to the financial documents .pdf</p>

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