23 Taree Street
Burleigh Heads
Industrial Investment in Burleigh Heads.
23 Taree Street Burleigh Heads
Coastal Commercial is excited to present this extremely rare and outstanding opportunity to purchase a 10 year leased industrial investment with options until 2042 in the heart of Burleigh Heads Industrial Estate. 23 Taree Street, Burleigh Heads, home to Sunny Skye’s Aquatics & Wellness Hub, who provide coaching and training to swimmers of all ages and levels. The asset is situated on an elevated block with demanding frontage and exposure to busy Taree Street, with low site cover (27%) to allow for additional parking/hardstand. The low site coverage also allows for further development/ease of development in the future.
• 1,512m² site area
• 400m² building area
• 100m² storage mezzanine
• 1,000m² hardstand/parking
• Low impact industry zoning
• Elevated block with exposure
• High bay warehouse
• Office, reception and kitchen
• Full amentities including shower
• Drive-thru warehouse capability
• 2 container height roller shutters
• Ample car parking available
• 3-phase power throughout
• Fully gated and sedure site
Key Information
Location 23 Taree Street, Burleigh Heads QLD 4220
Real Property Details Lot 77 on RP214698
Site Area 1,512m²*
Annual Net Income
$122,000 per annum plus all outgoings and GST
Zoning Low Impact Industry
Local Authority Gold Coast City Council
Interest for Sale 100% freehold
Method of Sale Expressions of Interest
Closing Tuesday 3rd of December 2024 at 4:00pm (AEST)
Marketing Agent Sean O’Connor Sales Agent
0403 389 338
s.oconnor@coastal.com.au
Important: Prospective purchasers conduct due diligence investigations of the property strictly at their own expense and risk, and the vendor will have no liability in relation to such expenses. Consent by the vendor to the conduct by any potential purchaser of due diligence activities or investigation will not in any circumstance be construed as a representation that the vendor will be exercising, or refraining from exercising its rights to deal with the property, or any representation that the vendor intends to contract with that potential buyer, or at all.
Investment Highlights
23 Taree Street Burleigh Heads
• 100% leased tenanted investment 2nd year into brand new 10 year lease
• Net lease, all outgoings payable by Lessee
• Sunny Skye’s Aquatics & Wellness Hub
• Extensive fitout conducted by Lessee
• Income $122,000 per annum net of outgoings and GST
• Greater of CPI or 3.5% annual reviews
• Market reviews (at option only)
• Leased until 2032 with 2 x 5 year options til 2042
• Quality constructed facility and strong performing asset providing excellent tenant retention fundamentals
• Prime location with direct access to Burleigh Connection Road and M1 Pacific Motorway
About the Lessee
Sunny Skye’s Aquatics & Wellness Hub
Sunny Skye’s is owned and operated by Skye Bond, an extremely qualified, experienced and award winning swim teacher. Skye is committed to bringing out the best in all her students, no matter how challenging. By combining her passion for water safety with a no nonsense approach, results are guaranteed.
Sunny Skye’s teaches swimmers of all ages and levels, babies from six months, non-swimmers, safety classes, stroke correction adult and squad training. She has been involved with coaching up to Bronze level and has worked under Gold Level Olympic and Ironman coaches since becoming a qualified instructor. Skye offers her students the comfort of a heated pool all year round and a comfortable viewing.
www.sunnyskyes.com.au
Location 23 Taree Street Burleigh Heads
Burleigh Heads is not only one of Australia’s most iconic beaches, but one of the country’s most sought after investment destinations. An abundance of natural beauty and two kilometres of pristine beach front living has driven over $5 Billion in recent residential, commercial and infrastructure development. In turn, Burleigh has seen a renewal of its retail heart, creating the Gold Coast’s most desired post code.
The past 10 years has seen over a 13% rise in the suburb’s population and in 2020, was identified by Realestate. com.au as one of Queensland’s top 10 growth suburbs. This growth will only be compounded in the next decade, projected to grow a further 16.5%.
Burleigh Heads attracts residents and visitors from all along the Gold Coast and around the world, making it the natural destination for stage three of the Gold Coast’s emerging Light Rail infrastructure. The $1 Billion stage of the $3 Billion project forms part of a larger goal to create a connected, new-age city, rivalling the other major capital cities along the east coast.
Burleigh Heads also boasts a significant commercial and industrial base as landlords and tenants alike leverage its key position near the Pacific Motorway M1, Reedy Creek Road and Southport Burleigh Road.
Nearby Points of Interest
Nobby Beach
Miami
Burleigh Heads
23 Taree Street
Burleigh Heads is not only one of Australia’s most iconic beaches, but one of the country’s most sought after investment destinations.
5 min to M1 Motorway Exit 84 & 85
2 min to Treetops Plaza
7 min to Varsity Lakes Heavy Rail Station
5 min to Stockland Shopping Centre
30 min to Mainbeach 7 min to Burleigh Heads Beach 30 min to Gold Coast Airport 85km to Brisbane
23 Taree Street Burleigh Heads
The Gold Coast is one of the fastest-growing regions in Australia, underpinned by a sharp pick-up in net overseas migration and elevated levels of net interstate migration, particularly from New South Wales and Victoria. The Gold Coast economy continues to record strong growth, despite broader headwinds, including a pullback in consumer spending Over the past 12 months, economic growth in the region totalled 3.0%, outperforming both Queensland (2.4%) and Australia (1.9%) over the same period. The Gold Coast economy now represents 10.6% of Queensland’s economy.
In FY2022-23, Gold Coast’s net overseas migration ranked fourth among all Australian LGAs, while according to the Regional Movers Index Q4 2023 Report, Gold Coast ranked second among all regional cities in terms of net internal migration by the end of 2023. Meanwhile, despite rising affordability concerns, the Gold Coast’s property market has grown consistently on both the sales and rental sides over the last year, thanks to strong population growth and a thriving local economy.
Demand & Sales Rates
Demand for Industrial property has increased significantly within Burleigh Heads and the Southern Gold Coast since 2021, led by underlying structural tailwinds such as e-commerce, population growth to South East Queensland and lifestyle. Burleigh Heads has transformed into an iconic and worldrenowned precinct, driving a surge of population growth to the area in particular, bolstering the local markets and economy. Capital from southern markets along with huge demand for the area has driven industrial sales rates by a staggering average of 360% since Q1 2019, making Burleigh Heads the highest growing industrial precinct in the nation.
Rental Growth
Rental growth in the Burleigh Heads Industrial market saw an average rental increase year on year of 45% between Q1 2021 – Q4 2022 (total average increase of 92% before stabilizing at $200/sqm net by Q4 of 2023. The first two quarters of 2024 have shown a steady hold at this rate, with limited stock above 300sqm available to lease.
Yields
In line with Burleigh market activity since 2021, yields have declined on average year on year with purchasers prepared to pay significantly higher building and land rates than the return provides. This has been primarily driven by increased demand from owneroccupiers prepared to long hold an asset to eventually occupy. Investors have also been prepared to take on lower yields given the continued growth in the market year on year.
66.9%
Family Households
With its prime location near major roads, Burleigh Heads attracts residents and businesses alike, playing a key role in the expansion of the Gold Coast’s Light Rail infrastructure.
743,000
Current Population
961,076
Projected Population 2041 10.07%
Forecast Change 2028
$1,170,000
Median House Price 8.5%
Average Annual Price Growth
Town Planning
23 Taree Street Burleigh Heads
Local Authority
Gold Coast City Council
Zoning
LII Low Impact Industry
Objectives of Zone
(1) The purpose of the Low impact industry zone code is to provide for service and low impact industry uses. It may include non-industrial and business uses that support the industrial activities where they do not compromise the long-term use of the land for industrial purposes. Activities considered appropriate in this zone are defined as low impact industry or service industry in the schedule of definitions.
(2) The purpose of the code will be achieved through the following overall outcomes:
(a) Land uses:
(i) include low impacting industrial activities such as low impact industry, service industry and warehouse;
(ii) that have high potential for impacts on amenity but support the concentration of industry activities in the zone may be considered providing impacts are effectively mitigated, these include bulk landscape supplies, marine industries, medium impact industries, aquaculture and renewable energy facilities;
(iii) include a limited range of complementary uses that support the immediate industrial area such as food and drink outlets, shops, health care services and hardware trade supplies;
(iv) that may not be appropriate in other areas due to their scale and nature will be considered providing they do not compromise the short or long-term use of the zone for industrial activities. These include indoor sport and recreation and showrooms where directly fronting Spencer Road (north of Pappas Way), Nerang, car washes, research and technology industries, garden centres, veterinary services, service stations, community uses, crematoriums, funeral parlours, mediumto-large scale places of worship, agricultural supply stores, animal keeping, manufacturer’s shop, wholesale nurseries, parking stations, transport depots and theatres (music recording studios);
(v) include brothels;
(vi) that are incompatible and have the potential to compromise the industrial operation of the zone such as sensitive land uses are not supported; and (vii) do not include special industry.
(b) Character consists of:
(i) large, unobtrusive buildings that are creatively designed to be visually appealing and functional;
(ii) legible and attractive streetscapes with wide streets that provide easy site access; and (iii) extensive landscaping where adjoining sensitive land uses and transport corridors.
(c) Built form:
allows for a flexible range of low impact industrial activities while not impacting on the amenity of nearby residential and open space areas.
(d) Lot design:
(i) allows for the efficient operation of low impact industrial activities.
Expressions Of Interest
23 Taree Street, Burleigh Heads is offered for sale by Expressions of Interest closing Tuesday 3rd December 2024 at 4:00pm (AEST) if not sold prior.
Expressions of Interest
Expressions of Interest from parties should be submitted via email to the marketing agent listed herein.
Expressions of Interest should include the following key terms:
+ Name and details of proposed purchasing entity;
+ Offer price;
+ Details of capacity to complete the transaction including requirement to raise equity and/or debt;
+ Details of any conditions or approvals required;
+ Timetable for due diligence, execution of contract and settlement;
+ Contact details.
Due Diligence
A range of due diligence information is available via an online data room to assist prospective purchasers. Please contact the exclusive agents if you require access to this information. Sales Process
As Australia’s fastest growing city, the Gold Coast is fuelled by $13.5 billion* in public and private infrastructure projects, to meet the demands of a fast-growing population. This is set to increase markedly over the next two decades. The economic future of the Gold Coast appears bright with an estimated population of 1 million* by 2044, with continued infrastructural growth across transport, health, tourism, and education sectors.
International Airport Upgrade
The next phase of the new terminal officially opened in November 2022 and encompasses a modern three-level, 30,000sq expansion. It includes new shops, cafes, and six new gates allowing for a total of 19 aircraft. Through 2023 there will be a further 18 new food and beverage and retail outlets trading. By 2037, the airport’s direct contribution to Gross Regional Product is expected to increase to $2.3 billion.
Pacific Fair
Pacific Fair is the Gold Coast’s unmissable shopping and dining destination, offering an expansive collection of luxury, iconic global brands and leading Australian retailers. With 400 stores, Pacific Fair offers a captivating blend of the world’s best brands, set amongst tropical landscapes and a unique outdoor ambience.
Coomera
The $500* million first stage of the Coomera Town Centre opened in late 2018 and upon completion, the total development will comprise 59,000m2* of retail space. In addition, a further 47.7ha of land to the south is currently in the initial stages of development with a mixed-use precinct, while the $100 million Coomera Civic Hub will be built on land adjacent by Scentre Group and QIC.
Light Rail
The QLD Government is currently delivering the Stage 3 extension of the Gold Coast Light Rail from Broadbeach South to Burleigh Heads which includes a further 6.7 kilometres of track and eight new stations. Planning for a further Stage 4 light rail extension to Coolangatta has commenced in response to Shaping SEQ regional directions.
Heavy Rail Upgrade
The SEQ Regional Transport Plan 2021 confirms the Varsity Lakes to Gold Coast Airport heavy rail extension as part of medium to long-term planning. The continuation south of the existing service will include proposed new stations at Tallebudgera, Elanora, Tugun and Gold Coast Airport.
M1 Upgrade
The $218.5 Million Upgrade between Mudgeeraba (Exit 79) and Varsity Lakes (Exit 85) will provide additional capacity to meet current and future traffic demands.
Do you have a question?
Sean
O’Connor
Sean is an experienced and highly skilled industrial real estate agent who has specialised in the industrial property sector since 2014. Sean began his career in the Port of Brisbane and was involved with countless sales and leases throughout his Brisbane tenure. In 2018, Sean relocated to the Gold Coast with Cushman & Wakefield, where he quickly established himself as a top performer and built a reputation for his professionalism and in depth knowledge of the industrial sector throughout the Gold Coast market. Sean has extensive brokerage and project marketing experience for groups such as: Good man Group, Charter Hall, Queensland Government, and many other small, medium and large enterprises/high net worth individuals.
0403 389 338
s.oconnor@coastal.com.au
The information contained in this Information Memorandum and any other verbal or written information given in respect of the property (“Information”) is provided to the recipient (“you”) on the following conditions:
1. Beyond Commercial Pty Ltd, trading as Coastal Commercial and or any of its officers, employees or consultants (“we, us”) make no representation, warranty or guarantee, that the Information, whether or not in writing, is complete, accurate or balanced. Some information has been obtained from third parties and has not been independently verified. Accordingly, no warranty, representation or undertaking, whether express or implied, is made and no responsibility is accepted by us as to the accuracy of any part of this, or any further information supplied by or on our behalf, whether orally or in writing.
2. All visual images (including but not limited to plans, photographs, specifications, artist impressions) are indicative only and are subject to change. Any measurement noted is indicative and not to scale. All outlines on photographs are indicative only.
3. The Information does not constitute, and should not be considered as, a recommendation in relation to the purchase of the property or a solicitation or offer to sell the property or a contract of sale for the property.
4. You should satisfy yourself as to the accuracy and completeness of the Information through your own inspections, surveys, enquiries, and searches by your own independent consultants, and we recommend that you obtain independent legal, financial and taxation advice. This includes as to whether any listing price is inclusive or exclusive of GST.
5. We are not valuers and make no comment as to value. “Sold/ leased” designations show only that stock is “currently not available” – not that the property is contracted/ settled. If you require a valuation we recommend that you obtain advice from a registered valuer.
6. The Information does not and will not form part of any contract of sale for the property. If an interested party makes an offer or signs a contract for the property, the only information, representations and warranties upon which you will be entitled to rely will be as expressly set out in such a contract.
7. Interested parties will be responsible for meeting their own costs of participating in the sale process for the property. We will not be liable to compensate any intending purchasers for any costs or expenses incurred in reviewing, investigating or analysing any Information.
8. We will not be liable to you (to the full extent permitted by law) for any liabilities, costs or expenses incurred in connection with the Information or subsequent sale of the property whatsoever, whether the loss or damage arises in connection with any negligence, default or lack of care on our part.
9. No person is authorised to give information other than the Information in this Information Memorandum or in another brochure or document authorised by us. Any statement or representation by an officer, agent, supplier, customer, relative or employee of the vendor will not be binding on the vendor or us.
10. To the extent that any of the above paragraphs may be construed as being a contravention of any law of the State or the Commonwealth, such paragraphs should be read down, severed or both as the case may require and the remaining paragraphs shall continue to have full force and effect.
11. You may not discuss the Information or the proposed sale of the property with the vendors or with any agent, friend, associate or relative of the vendor or any other person connected with the vendor without our prior written consent. We accept no responsibility or liability to any other party who might use or rely upon this report in whole or part of its contents.
12. The Information must not be reproduced, transmitted or otherwise made available to any other person without our prior written consent.
Expressions of Interest Form
Parties interested in the purchase of this property are invited to complete this form and return to the email addresses detailed below by 4:00pm (AEST), Tuesday, 3rd December 2024. Additional information which supports or clarifies a Registrant’s submission, may be annexed to this “Expression of Interest Form.”
Registration Details
Name of Individual:
Name of Company: ABN:
Street Address:
Telephone: Email: Registrants Solicitor
Name of Individual:
Name of Company:
Street Address:
Telephone: Email: Proposed Purchase Terms
Purchase Price: Deposit(%):
Settlement Period: DD Period:
Special Conditions
Signed for and on behalf of the Registrant: Date:
Name of Signatory:
Contact Coastal Commercial Sean O’Connor 0403 389 338 s.oconnor@coastal.com.au
