 Asset Class: | Medical |
 Price: | $ 1980000 |
 Net Yield: | 5.80 % |
Net Yield - including solar strategy: | % |
 Property Market Status: |
An exceptional opportunity to secure a medical investment in highly sought-after Noosa Region. <br><br><span style="color:rgb(51, 51, 51);">This central Noosaville asset will provide an investor with a passive income stream. Dental practices are an essential service and are viewed by many as a very low risk tenant profile. With a strong trading history, Townsend Family Dental & Implant Centre is well positioned to continue growing the business.</span><br><br><span style="color:rgb(51, 51, 51);">The building has a strong streetfront presence with an abundance of off-street parking provided for customers visiting the complex. Harvey Norman sits directly below Lot 4 and is the anchor tenant, contributing to the high volume of passing potential new clients visiting on a daily basis.</span><br><br>With an original asking price of $2,200,000, this property offers impressive value. <span style="font-weight:normal;">Testament to the profile and strength of this tenancy and the location, this property is surrounded by several high-profile national tenants such as </span><span style="color:rgb(51, 51, 51);font-weight:normal;">Harvey Norman, Jetts 24/7, Woolworths, Dan Murphys, Andresens, McDonalds, Forty Winks and many more. </span><br><br>This property represents an exceptional buying opportunity. Don't miss the chance to capitalise on this fantastic opportunity to purchase a tenanted investment in a fully developed area with minimal option ever available.
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?
<span style="color:rgb(0, 29, 53);"><b>Townsend Family Dental</b></span><br><br><span style="color:rgb(0, 29, 53);">Website: </span><a style="color:rgb(44, 123, 208);display:inline;" target="_blank" href="https://townsendfamilydental.com.au/"><u>Award-Winning Noosa Dentist | Family Dental Care in Noosaville, QLD</u></a><span></span><br><br>As an award-winning dentist in Noosaville, we’re blessed with a dynamic team of dental professionals who take great pride in providing caring, attentive, and personalised dental care. Having expanded and relocated in 2018, we’ve worked hard to create a state-of-the-art dental practice where patients feel valued, understood, and respected. We want our patients to enjoy their time with us, and without our team of like-minded individuals, we couldn’t provide the outstanding service you deserve.
Initial Term:
Security:
Security Info:
<b>Notes: </b><br><br><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;">Rethink Investing has negotiated the price from $2.2 million to $1.98 million which showing $220,000 reduction from the asking price</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;">The management is included as an outgoings from 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;">The lease doesn't have any gurantors </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;">If this tenant to vacate the premises </span><span style="color:rgb(36, 36, 36);font-style:inherit;font-weight:normal;padding-left:0px;">we would expect another dental/medical practice would jump at the site because of its location. Alternatively the selling agent is aware that Harvey Norman is desperate to expand its footprint in the Noosa region so would suggest they may look at securing this one.</span></p></li></ul><br>
Additional Financial Information FileInitial Term:
Security:
Security Info:
Subject Property: $464.59 Per Sqm 2a/7-9 Gibson Rd - 166sqm first floor tenancy (Pilates studio fitout) - $480 p/m2 gross 35 James St Noosaville - 174sqm ground floor tenancy (Dental Practice) - $898 p/m2 net
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;">Secured lease to Townsend Family Dental Practice until 30 June 2028 plus further 5 year option to follow</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>Surrounded by a number of national tenants such as; Harvey Norman,Jetts 24/7, Woolworths, Dan Murphys, Andresens, McDonalds and Forty Winks </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;">Current rent return $114,754.44 per annum + outgoings + GST</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;">247m²* first floor strata tenancy</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;">High quality dental practice fitout</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;">Ducted air-conditioning throughout</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;">Central Noosaville location directly above Harvey Norman - 7 minutes* from Hastings Street, 6 minutes* from Noosa Junction</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;">Large off-street car park for customers and staff</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;">Situated directly opposite Noosa Village Shopping Centre</span></p></li></ul>
