‘The Hub’: Modern Retail Asset Acquired for a Valued Client in Queensland
Rethink Investing is proud to have secured The Hub, a newly built retail asset for a valued client in Queensland. Completed in 2023, this state-of-the-art facility spans 6,459 square metres, with a net lettable area of 2,300 square metres and 105 on-site parking spaces, offering exceptional convenience and appeal.
Strategically positioned in a rapidly growing region, The Hub enjoys seamless access to Ipswich, Brisbane CBD, and Brisbane Airport. Its prime location ensures high visibility with over 20,000 vehicles passing daily, complemented by proximity to St Ives Shopping Centre and Goodna Train Station.
Currently tenanted by six established businesses, including Perform Physio, Kids Early Learning, and Café 63, the property also features three vacancies secured by a two-year rental guarantee, ensuring reliable income while filling the remaining spaces. With a weighted average lease expiry of 7.83 years and the potential for a fully leased rental income of $984,650 per annum, this acquisition delivers robust returns in a thriving market.
report, bank fees)
Purchasing Costs
Key Highlights
- Brand-new building built in 2023
- Site area of 6,459 square meters
- Lettable area of 2,300 square meters
- 105 onsite car parks (unmatched 1:18sqm* ratio)
- Fully leased with $984,650 estimated net income p.a. plus GST
- Two-year rental guarantee
- 7.83 year WALE (by area)
- Significant depreciation benefits
- Arterial road exposure with over 20,000 cars passing daily
- Anchored by childcare operator
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