 Asset Class: | Retail |
 Price: | $ 1500000 |
 Net Yield: | 6.00 % |
Net Yield - including solar strategy: | % |
 Property Market Status: | Pre Market |
<p>NAI Harcourts is proud to present this exceptional freehold investment opportunity at 98 River Road, Gympie. Positioned in the heart of Gympie CBD, this prime commercial property offers astute investors a robust income stream from four established national and local tenants.</p> <p>The property features a modern, low-maintenance tilt slab building constructed just 14 years ago, providing 806 sqm of Net Lettable Area across a substantial 3,276 sqm landholding. Zoned as "District Centre" under the Gympie Regional Council Town Plan, this strategic asset benefits from dual street frontage on both the Bruce Highway and Excelsior Road, ensuring exceptional visibility with up to 180,000 vehicles passing weekly.</p> <p>The current tenant mix includes Beefy's Pies, Dixon Homes, Hearing Australia, and M1 Work Wear, delivering a combined annual base rent of $191,790 plus GST and recoverable outgoings. With fixed annual rent increases ranging from 3-5% and additional options across all leases, this property presents a secure income stream with strong growth potential.</p> <p>Located in a rapidly expanding regional hub just 160km from Brisbane CBD and 60km north of the Sunshine Coast, Gympie is experiencing significant growth with a population of 56,160 and median house prices increasing by 10.8% in the last 12 months. The property enjoys close proximity to major retailers including McDonald's, ALDI, BWS, Shell, and Gympie Central Shopping Centre, ensuring consistent foot traffic and strong consumer presence.</p> <p>The 38 on-site car spaces provide ample parking for tenants and customers, while the modern fit-outs minimize capital expenditure needs. With its strategic position in a growing regional centre, quality construction, and established tenants with secure leases, 98 River Road represents an outstanding investment opportunity with solid returns and future upside potential.</p>
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<p>Located approximately <strong>160km from Brisbane's CBD</strong> and <strong>60km north of the Sunshine Coast</strong>, Gympie is a rapidly expanding regional hub that has become a focal point for both residential and commercial development. This vibrant region is strategically positioned along the Bruce Highway, offering seamless connectivity to Brisbane to the south and the Fraser Coast to the north.</p> <p>Gympie's growth is underpinned by strong commitment from the Queensland State Government and the Gympie Regional Council, with ambitious plans for infrastructure upgrades, new housing projects, and expansion of commercial and industrial zones. The region boasts a current population of <strong>56,160 residents</strong> with median house prices increasing by <strong>10.8% in the last 12 months</strong> to $326,500.</p> <p>Beyond its economic strengths, Gympie maintains a rich agricultural heritage, recognized for production of tropical fruits and a thriving dairy industry. The town balances progress with deep respect for its community values, offering heritage-listed sites, museums, and cultural events that attract visitors throughout the region.</p>
Additional Location Information File<p>The property features a diversified tenant mix across retail and service sectors:</p> <ul> <li><strong>Beefy's Pies</strong> (100 sqm): A family-owned iconic Queensland brand established in 1997, now part of Retail Food Group, Australia's largest multi-brand retail food franchise manager. Their lease runs to December 2027 with one 5-year option and fixed 4% annual increases.</li> <li><strong>Dixon Homes</strong> (87 sqm): One of Australia's leading home builders, owned by ASX-listed Tamawood Ltd. The company has built thousands of homes across Australia and recently reported a 167.5% profit increase. Their lease extends to June 2026 with one 5-year option and fixed 3% annual increases.</li> <li><strong>Hearing Australia</strong> (123 sqm): A national provider of hearing services with over 180 permanent locations across Australia, operating for over 75 years. Their lease runs to August 2027 with two 3-year options and fixed 5% annual increases.</li> <li><strong>M1 Workwear & Safety</strong> (499 sqm): Serving the Gympie community since 2020, providing workwear, PPE, and safety equipment to trades and businesses. Their lease extends to September 2026 with two 5-year options and fixed 3% annual increases.</li> </ul>
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<p>This investment offers a strong financial profile with a <strong>total base rent of $191,790</strong> derived from four established tenants. With recoverable outgoings from Dixon Homes contributing an additional $8,660, the property generates a <strong>total gross income of $200,450</strong>.</p> <p>After accounting for all outgoings including:</p> <ul> <li>Council Rates: $21,485</li> <li>Insurance: $16,509</li> <li>Repairs & Maintenance: $5,468</li> <li>Electricity (Common Area): $2,622</li> <li>Land Tax: $7,400</li> <li>Management Fees: $4,400</li> </ul> <p>The property delivers a <strong>net income of $142,166 pa + GST</strong>, providing a reliable cash flow stream for investors.</p> <p>All leases include fixed annual rent increases ranging from 3-5%, ensuring growing returns over time, with market reviews at the commencement of further terms.</p>
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<ul> <li>Strategic location on the Bruce Highway with exposure to 180,000+ vehicles weekly</li> <li>Substantial 3,276 sqm landholding in prime commercial zone</li> <li>Modern, low-maintenance tilt slab construction minimizing ongoing costs</li> <li>Diversified income from four established tenants across retail and service sectors</li> <li>Strong annual rental growth with fixed increases between 3-5%</li> <li>Current net income of $142,166 pa + GST after all outgoings</li> <li>Dual street access from both Bruce Highway and Excelsior Road enhancing visibility</li> <li>Generous 38 on-site car parks providing excellent convenience for customers</li> <li>Positioned in rapidly growing regional hub with population of 56,160</li> <li>Surrounded by major national retailers driving consistent foot traffic</li> <li>Quality tenants including ASX-listed Dixon Homes and iconic Beefy's Pies</li> <li>All leases include further term options showing tenant commitment to location</li> </ul>
