A strong performing off-market retail centre investment opportunity with the development and value-add potential.

This Nambour Central Retail Complex features 2,544m2 of net lettable area situated atop of 6,728m2 of major centre-zoned land on the Sunshine Coast Region. This dual street frontage site is conveniently positioned just 250 metres from the Nambour train station and it comes with 120 on-grade car parking spaces.

Nambour Central complex is anchored by ANZ, Commonwealth Bank, Pets Domain, Sunshine Coast Radiology and F45 gym and it is currently returning a net income of $601,250* per year. The occupancy rate in the building is 73% and with four tenancies are vacant, the property has the potential to return a net income of $888,861* which equates to 9.6% in net yield.

Currently more than 98% of the income is generated by the national tenants. These are the testament to the property's 3.9-year WALE (by GLA). Also, the leases are supported by either 4% or CPI annual increases.

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Key Highlights

6,728m2 Total Land Area
Site usage 37.8% – Development Potential
Major Centre Zoned Freehold Land
Strong Exposure – Dual Street frontage within town centre and 250m from the train station
120 on grade car spaces from two entrances
Net Income: $601,250*pa• Occupancy: 73.8%
Potential Net income: $888,861* (when fully leased)
Combination of 4% and CPI increases• Ample depreciation benefits for its investor due to recent refurbishments
98% of the income secured by national chains including ANZ, Commonwealth Bank, Pets Domain & Sunshine Coast Radiology
WALE of 3.9 Years by GLA

Purchase Details

Asking Price: $9,300,000
Purchase Price: $9,208,000
Deposit (assuming 65 % debt): $3,222,800
Stamp Duty: $548,477
Building Report*: $1,900
Solicitor Cost*: $10,000
Valuation*: $7,000
Other Fees* (Depreciation report, bank fees): $197,447.2
Total Cash Required: $3,987,624.2
Purchase Price + Purchasing Cost: $9,972,824.2
Net Annual Cash Flow Return: $888,861
Net Yield on Property: 9.65 %
Net Yield Accounting for Purchasing Costs: 8.91 %

Cash-On-Cash Returns

Deposit Needed = % + Costs: $3,987,624.2
Cost of Loan (Assume 6.25 % pa on 65 % debt): $374,075
Return of Equity (Pure cash flow return): 12.91 %
Return of Equity with a 5% Capital Growth Rate:: 24.46 %
Return of Equity with a 7% Capital Growth Rate:: 29.07 %
Return of Equity 10% Capital Growth Rate:: 36.00 %

A strong performing off-market retail centre investment opportunity with the development and value-add potential.

Key Highlights

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