Rethink Investing

Show Room | Lots 13, 14, & 15 168 Redland Bay Road Capalaba 4157 QLD Australia

Key Information

Asset Class:	Show Room

Price:	$ 2755000
Net Yield:	5.57 %
Net Yield - including solar strategy:	%
Property Market Status:	On Market

Introduction

Introducing a sensational investment opportunity at 13-15/168 Redland Bay Road, Capalaba QLD. Underpinned by a 10-year net lease with further 2 x 5-years options extending the lease to 2042 to a National Tenant. With an asking price of originally $3,100,000 (5%), this property offers impressive value, potential, highly exposed location and a sensational facility on three different lots. Testament to the profile and strength of this tenancy and the location, this property is surrounded by several high-profile operators such as Good Guys, Ford, Ironman, BCF, Amart, Reece Plumbing and many more. Single-tenant investments positioned in high growth areas with strong lease covenants via established national tenants are rarely available on the market. Therefore, we encourage your strong consideration of this outstanding investment opportunity. Why we think this is a Great Investment Opportunity even at a Tighter Yield: Purchasing the asset well below the estimated replacement value: <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);">The sale rate Per Sqm for this subject property would be $2,994</li></ul> Please see below for some recent sales in the area (200 m2 plus)<ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;margin-inline-start:20px;color:rgb(51, 51, 51);">13/178-182 Redland Bay Road Capalaba QLD 4157: $4,441 Per Sqm (304 m2) - Sold vacant in April 2024</li><li style="list-style-image:none;margin-inline-start:20px;color:rgb(51, 51, 51);">3 Redland Bay Road Capalaba QLD 4157: $5,785 Per Sqm (210 m2) - Sold vacant in August 2024</li><li style="list-style-image:none;margin-inline-start:20px;color:rgb(51, 51, 51);">1/176 Redland Bay Road Capalaba QLD 4157: $4,315 Per Sqm (353 m2) - Sold vacant in October 2024</li><li style="list-style-image:none;margin-inline-start:20px;color:rgb(51, 51, 51);">Brand new industrial properties in Redland Bay are selling circa $4,000 Per Sqm for 500 m2 plus sizes </li></ul> Rethink believes the property sale value should be circa $3,300 Per Sqm (Conservative figure) - $3,036,000* Furthermore, property seems to be under rented at $167 Per Sqm* *To be confirmed during the Due Dilligence

Background Information

How old is the asset?

Circa 1990

Vendor's reason for selling?

Other

Days property been on market?

Is this property strata titled?

Yes

Are the seller and tenant related parties?

How long has the current tenant been on site?

2015

How long has the tenant been in business?

Years

Is this property in a flood zone?

Is this lease a leaseback arrangement?

Additional Information File

Location on Map

Capalaba

Additional Location Information File

Tenant Information

World Gym Website: <a style="display:inline;" target="_blank" href="https://www.worldgym.com.au/">World Gym Australia - Improving Lives Through Fitness</a>

No items found.

Additional Tenant Information File

Financial Overview

Initial Term:

Security:

Security Info:

<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);">NLA 920m2</li><li style="list-style-image:none;color:rgb(44, 46, 51);">Lease start date: 14-09-2022</li><li style="list-style-image:none;color:rgb(44, 46, 51);">Lease end date: 13-09-2032</li><li style="list-style-image:none;color:rgb(44, 46, 51);">Options: 2 x 5 years (2042)</li><li style="list-style-image:none;color:rgb(51, 51, 51);">Annual Rent - $153,691.85 per annum ex GST</li><li style="list-style-image:none;color:rgb(51, 51, 51);">CPI Increases</li><li style="list-style-image:none;color:rgb(51, 51, 51);">A gym has been operating from the site since 2015</li><li style="list-style-image:none;color:rgb(44, 46, 51);">Outgoings: 100% outgoings paid by the tenant including land tax and property management </li></ul>

Additional Financial Information File

Special Conditions (if any)

Initial Term:

Security:

Security Info:

Rental Comparison

Subject Property: $167 Per Sqm 15/98-100 Redland Bay Road Capalaba QLD: $190,000 (Gross) 592 m2 of NLA at $321 Per Sqm Unit 8 84 Ingleston Road Tingalpa QLD: $130,000 (Gross) 600 m2 of NLA at $217 Per Sqm 2/47 Shore Street West Cleveland QLD: $214,000 (Net) 630 m2 of NLA at $340 Per Sqm

Offer To Purchase

Offer To Purchase:

2755000

Initial Deposit:

50000

Due Diligence:

days

28 days from contract execution

Finance:

days

28 days from contract execution

Settlement:

days

21 days from unconditional status

Download Write Up PDF

View Your Estimated Rental Yield

Disclaimer: The depreciation figures provided are based on specific circumstances and may not accurately reflect your current financial situation. These figures are intended for informational purposes only and should not be construed as financial or tax advice. Individual financial situations can vary widely, and the applicability of these figures to your personal circumstances may differ. It is strongly recommended that you consult with your usual taxation adviser or a qualified financial professional/accountant to verify this information and obtain personalised advice tailored to your specific financial situation. Neither the provider of this information nor any of its affiliates shall be held liable for any decisions made based on this information without proper consultation with a professional adviser.

Key Highlights

<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);">Just 20 Kms from the Brisbane CBD</li><li style="list-style-image:none;color:rgb(51, 51, 51);">Surrounded by national tenant such as; Good Guys, Ford, Ironman, BCF, Amart, Reece Plumbing and many more </li><li style="list-style-image:none;color:rgb(51, 51, 51);">National Tenant - World Gym</li><li style="list-style-image:none;color:rgb(51, 51, 51);">10 year lease + 2 x 5 year options takes the lease to 2042</li><li style="list-style-image:none;color:rgb(51, 51, 51);">3 separate lots - Offer diversification (Very rare for this price point)</li><li style="list-style-image:none;color:rgb(51, 51, 51);">Total NLA 920m2</li><li style="list-style-image:none;color:rgb(51, 51, 51);">100% outgoings paid by the tenant including land tax and property management </li><li style="list-style-image:none;color:rgb(51, 51, 51);">CPI Increases</li><li style="list-style-image:none;color:rgb(51, 51, 51);">A gym has been operating from the site since 2015</li><li style="list-style-image:none;color:rgb(51, 51, 51);">High quality fit out</li></ul>

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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?

Initial Term:

Security:

Security Info:

Initial Term:

Security:

Security Info:

Offer To Purchase:

Initial Deposit:

Due Diligence:

Finance:

Settlement:

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