 Asset Class: | Multi-Tenanted |
 Price: | $ 1895000 |
 Net Yield: | 8.70 % |
Net Yield - including solar strategy: | % |
 Property Market Status: | Off Market |
<p style=""><span style="color:rgb(0, 0, 0);">This exceptional commercial property offers a rare opportunity to acquire a premium CBD office and retail investment in the high-growth city of Rockhampton. Strategically located in the heart of Rockhampton’s main commercial office and business precinct, the property is home to various retail and hospitality tenants and benefits from excellent accessibility, being less than 10 minutes from Rockhampton Airport.</span></p><p style=""><span style="color:rgb(0, 0, 0);">The property has recently been strata-titled, with the ground level (Lot 1) now available fully leased to a diverse tenant base. It includes a total net lettable area of 888 square metres and outstanding parking facilities, featuring 21 dedicated spaces. The ground floor of the main building hosts four established tenants: Smith Family, Red Rooster Administration Office, Suncare Community Services and the final tenancy utilized as office space.</span></p><p style=""><span style="color:rgb(0, 0, 0);">This investment opportunity delivers a robust net income of </span><span style="color:rgb(0, 0, 0);background-color:rgb(255, 255, 255);">$</span><span style="color:rgb(0, 0, 0);">165,418.35 per annum, with annual rent increases ranging from CPI to 3%, depending on lease terms. With its strong tenant mix and consistent rental growth, this property presents an exceptional opportunity for investors.</span></p>
How old is the asset?
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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?
<p style=""><span style="color:rgb(0, 0, 0);font-weight:normal;">Rockhampton, is a thriving regional city located in Central Queensland. Over the years, it has experienced significant growth in various sectors, contributing to its status as a key economic hub in the region. One of those sectors being population growth, in 2021 it was 92,324, and is projected to grow to 104,100 by 2031.</span></p><p style=""><span style="color:rgb(0, 0, 0);font-weight:normal;"> </span></p><p style=""><span style="color:rgb(0, 0, 0);font-weight:normal;">The city's growth can be attributed to several factors, including its strategic location as a major transportation and logistics centre. Situated on the Fitzroy River, Rockhampton serves as a gateway to the Bowen Basin, one of the world's largest coal reserves. This proximity to natural resources has fuelled the growth of industries such as mining, resource extraction, and related services.</span></p><p style=""><span style="color:rgb(0, 0, 0);font-weight:normal;"> </span></p><p style=""><span style="color:rgb(0, 0, 0);font-weight:normal;">Moreover, Rockhampton boasts a diverse economy that extends beyond mining. Agriculture plays a vital role in the region, with the fertile land supporting a range of agricultural activities. The city's reputation as the Beef Capital stems from its thriving cattle industry, which encompasses both beef production and processing.</span></p><p style=""><span style="color:rgb(0, 0, 0);font-weight:normal;"> </span></p><p style=""><span style="color:rgb(0, 0, 0);font-weight:normal;">In addition to mining and agriculture, Rockhampton has seen growth in sectors such as education, healthcare, and tourism. The presence of reputable educational institutions, including Central Queensland University, has attracted students from across Australia and abroad. The healthcare sector is supported by modern medical facilities and a growing healthcare services industry.</span></p><p style=""><span style="color:rgb(0, 0, 0);font-weight:normal;"> </span></p><p style=""><span style="color:rgb(0, 0, 0);font-weight:normal;">Furthermore, Rockhampton's natural beauty and proximity to attractions such as the Great Barrier Reef and the Capricorn Caves make it a popular destination for tourists. The city's tourism industry has expanded to include adventure tourism, eco-tourism, and cultural experiences, contributing to its economic growth and providing employment opportunities for locals.</span></p>
Additional Location Information File<p style=""><span style="color:rgb(0, 0, 0);"><u>The Smith Family</u></span><span style="color:rgb(0, 0, 0);">: </span><a style="color:rgb(5, 99, 193);display:inline;" target="_blank" href="https://www.thesmithfamily.com.au/"><u>https://www.thesmithfamily.com.au</u></a></p><p style=""><span style="color:rgb(0, 0, 0);"> </span></p><p style=""><span style="color:rgb(0, 0, 0);">The Smith Family has been working to improve the lives of children living in disadvantage for 100 years. Over that time, The Smith Family has evolved to become a modern, dynamic, evidence-based organisation that helps children in need create better futures for themselves through long-term support for their education.</span></p><p style=""><span style="color:rgb(0, 0, 0);"> </span></p><p style=""><span style="color:rgb(0, 0, 0);"><u>Red Rooster Admin</u></span><span style="color:rgb(0, 0, 0);">: </span><a style="color:rgb(5, 99, 193);display:inline;" target="_blank" href="https://www.redrooster.com.au/contact/"><u>https://www.redrooster.com.au/contact/</u></a></p><p style=""><span style="color:rgb(0, 0, 0);"> </span></p><p style=""><span style="color:rgb(0, 0, 0);">Red Rooster is an Australian fast food chain with over 370 stores all throughout Australia. The Red Rooster Admin handle all day to day matters with their customer’s orders.</span></p><p style=""><span style="color:rgb(0, 0, 0);"> </span></p><p style=""><span style="color:rgb(0, 0, 0);font-weight:normal;"><u>Suncare Community Services Ltd</u></span><span style="color:rgb(0, 0, 0);font-weight:normal;">: </span><a style="color:rgb(5, 99, 193);display:inline;font-weight:normal;" target="_blank" href="https://suncare.org.au/"><u>https://suncare.org.au</u></a></p><p style=""><span style="color:rgb(0, 0, 0);"> </span></p><p style=""><span style="color:rgb(0, 0, 0);">Suncare Community Services is an organisation with more than 50 years assisting older Australians to continue living independently.</span></p>
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1/80 Denham Street Rockhampton: Red Rooster Admin - 84 sqm - $273.81/sqm Suncare Community - 217 sqm - $270/sqm Smith Family - 139 sqm - $244.16 Solcasa Pty Ltd - 448 sqm - $260/sqm 2/102 Denham Street - 241 sqm - $200/sqm 5/130 Victoria Parade - 231 sqm - $231/sqm 226 Bolsover Street - 197 sqm - $197/sqm
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<p style=""><span style="color:rgb(0, 0, 0);font-style:normal;">· High-quality CBD office and retail property in Rockhampton</span></p><p style=""><span style="color:rgb(0, 0, 0);font-style:normal;">· Strategic Location</span></p><p style=""><span style="color:rgb(0, 0, 0);font-style:normal;">· Strata-Titled Property </span></p><p style=""><span style="color:rgb(0, 0, 0);font-style:normal;">· Diverse tenant mix</span></p><p style=""><span style="color:rgb(0, 0, 0);font-style:normal;">· Includes four tenants —Smith Family, Red Rooster Administration Office, Suncare Community Services, Suncare Community Services and the final tenancy utilized as office space.</span></p><p style=""><span style="color:rgb(0, 0, 0);font-style:normal;">· Net Lettable Area: Offers a total net lettable area of 888 square metres.</span></p><p style=""><span style="color:rgb(0, 0, 0);font-style:normal;">· 21 dedicated parking</span></p><p style=""><span style="color:rgb(0, 0, 0);font-style:normal;">· Net income - $165,418.35 per annum</span></p><p style=""><span style="color:rgb(0, 0, 0);font-style:normal;">· Annual rental Increases - CPI or 3%</span></p>
