YOUR OPPORTUNITY.
The property represents the largest food and beverage tenancy in the complex, accommodating the local residents and attracting customers from the whole Sunshine Coast.
The site is located on the corner of Courage Street and Sippy Downs which is the main thoroughfare connecting Sippy Downs to the Bruce Highway and Sunshine Motorway.
The building was completed late 2023 comprising of a mix of residential and commercial units. The tenancy is fitted out with a commercial kitchen with access to a grease trap.
Investment Key Highlights:
Net income $190,577.34 P/A*
Brand new architecturally designed building - HQ Sippy Downs
Leased to an established Sunshine Coast business
Significant local population & infrastructure growth
High exposure site on the Corner of Courage Street & Sippy Downs Drive
Excellent depreciation benefits
New 7-year lease with option to 2040
Method of sale:
For Sale Via Private Treaty.
OPPORTUNITY HIGHLIGHTS.
Known as the Knowledge Hub, Sippy Downs attracts a vast demographic and businesses which has created a vibrant hub of business, education and entertainment.
The property, purposely positioned on the corner of the main thoroughfare and with plenty of on-site parking, offers long-term benefits with an excellent return.
Offering a brand new building and fitout, the tenancy is occupied by a well-known local restaurant with another premise in Maroochydore. Junk has secured the space with options until 2040.
TENANCY SCHEDULE
TENANT
1/1 Courage Street, Sippy Downs, QLD 4556
LEASE COMMENCEMENT 1/10/2023
LEASE EXPIRY 30/09/2030
TERM Seven (7) years
NET RENT $190,577.34 P/A*
OPTIONS 2 x 5 years
BOND
$58,098.30*
OUTGOINGS 100% payable (Less sinking fund)
NON-RECOVERABLE OUTGOINGS $4,022.66* (sinking fund)
TENANT PROFILE.
Celebrated for its vibrant fusion cuisine and lively ambiance, offers a unique dining experience on the Sunshine Coast.
This Asian fusion eatery draws inspiration from Thai, Vietnamese, Malaysian, and Chinese culinary traditions, crafting dishes meant for sharing with fresh, locally-sourced ingredients. As one of Junk’s two locations in the region, it promises an enjoyable and relaxed dining atmosphere that perfectly complements its innovative menu.
LOCATION OVERVIEW.
Sippy Downs is home to the University of the Sunshine Coast and is made up of mostly young professionals. Situated on the south-east end of Queensland’s Sunshine Coast, Sippy Downs has been designated as a ‘’Knowledge Hub’’ in Queensland Government’s South East Queensland Infrastructure Plan and Program and is master planned as Australia’s first university town with the potential for over 6,000 workers in knowledge based businesses. Earmarked to become on the Sunshine Coast’s significant technology hubs, this central suburb is part of the Buderim urban centre and has direct access to both the Sunshine Motorway and the Bruce Highway.
Underpinned with three major education hubs; Siena Cathlic College, Chancellor State College and University of the Sunshine Coast, Sippy Downs community’s median age is 33 years old according to 2016 Census. The majority of families are couples with an average of two children, who enjoy the local catchment area for education across public and private.
LOCAL AMENITIES.
State Secondary College
State Primary College
Bella Grace Early Learning
AEIOU Early Learning Childcare
Toddler Town Child Care Centre
Sparrow Early Learning HEALTH & MEDICAL
Hours GP
Sippy Downs
Coles Sippy Downs
Woolworths Chancellor Park
Chancellors Tavern
Park Marketplace
IGA X-press Chancellor Park
COMMUNITY SERVICES
Sippy Downs Police Station
Sippy Downs Skate Park
USC Sunshine Coast Library
Centre Sunshine Coast
Chipmunks Playland
USC Cricket Grounds
USC Sporting Fields
USC Stadium
Park Golf Driving Range
STRONG LOCAL INVESTMENT.
*Approximately.
Sunshine Coast University Hospital
In March 2017 the Sunshine Coast University Hospital (SCUH) facility opened, revolutionising healthcare in South East QLD. The hospital will be one of the largest employers on the Sunshine Coast and will require more than 4,600 staff initially, growing to around 6,000 when the facility is completed in 2021. SCUH opened with approximately 450 beds, with plans to grow to 900 by 2021. Services and capacity will continue to develop and the project is expected to boost the local economy by creating jobs during and after construction. SCUH is set to be the biggest catalyst for local commercial and residential development in the surrounding area.4
Sippy Downs Town Centre
The anticipated Sippy Downs Town Centre has transformed the area with the completion of a Coles supermarket along with a childcare centre, specialty retail commercial spaces, residential apartments and a medical centre.
The Sippy Downs Town Centre will see even more development to come with the announcement that Nambour RSL plans to deliver a community club. The recently completed $4 million Sippy Downs Drive Road provides a safer and more functional travel experience along this main route.5
YOUI Headquarters, Sippy Downs
The newly completed $73 million facility in the Sippy Downs is home to the global headquarters of insurance company YOUI. The 12,500m2*, four-level building houses their current 1,000 strong Sunshine Coast workforce, providing a future career path for up to 3,000 staff.
The YOUI headquarters is expected to inject $1.2 billion into the local economy over the next decade. The Sippy Downs location places YOUI in the heart of the rapidly developing technology precinct.6
Source: 4. Sunshine Coast Major Projects. Prepared by Sunshine Coast Council & Invest Sunshine Coast (15/09/20). 5./6. Sunshine Coast Regional Council Updates. Prepared by Sunshine Coast Regional Council (20/11/17).
SUNSHINE COAST DEMOGRAPHICS.
350,000+
POPULATION GROWTH
At 2.3–2.9%+ Per Annum1
147,000+
EXPECTED POPULATION GROWTH
People by 20362
3,200+ AVG
NEW DWELLINGS REQUIRED
Each year to meet minimum demand3
58%
POPULATION GROWTH
Sunshine Coast 2017–2040, compared to Australia 38%7
FORECAST TO BECOME AUSTRALIA’S
9th
BIGGEST CITY BY (2050)8
3./4./5. Source: Queensland Government Statistical Office, Prepared by: Sunshine Coast Council – Regional Economic Development Strategy (2018). 6. Source: The Activated City Imagining the Sunshine Coast in 2040, Prepared by: KPMG (2017). 7./8. Source: KPMG based on Australian Bureau of Statistics Census data and relevant State Government planning authorities (2017). 9. Source: KPMG based on Australian Bureau of Statistics Census data and relevant State Government planning authorities. 10. Source: Sunshine Coast - The Natural Advantage: Regional Economic Development Strategy 2013-2033, Prepared by: Sunshine Coast Regional Council (2020).
SUNSHINE COAST LIFE SEGMENTS.
Historic and projected population by life segments in the Sunshine Coast, 1996-2036
ECONOMY & INDUSTRY.
Regional business, industry leaders and council have created a bold plan for a stronger economy for the region. The plan will achieve three major goals over the next 20 years10:
...Almost triple what is now. Growing from $13 billion, this will see household income rises of up to 22%.
NEW JOBS CREATED
...In high profile industries including Agribusiness, Aviation, Clean Technologies, Education, Health and more. 20%
GOODS & SERVICES
...Produced exclusively for export. This will add over $3 billion to the local GDP (Gross Domestic Product).
FLOOR PLAN.
* Plan & Scale Indicative Only
MAJOR PROJECTS.
SUNSHINE COAST OVERVIEW.
An hour north of Brisbane, the Sunshine Coast stretching from Caloundra in the south through to Noosa/Tewantin in the north and incorporating hinterland townships to the west in between, covers an area of approximately 2,291 square kilometres with 60 kilometres of spectacular open coastline.
The Sunshine Coast is Australia’s 9th largest population centre (as of June 2021) and 5th largest in the state, with a population growth outpacing most of the nation, and one of the fastest growing regional economies.
Not only diverse geographically with stunning beaches, verdant agricultural farmland, and mountain ranges including the iconic Glass House Mountains; the economy is also diverse consisting of a variety of industries covering medical, education, technology, tourism/hospitality, finance, farming/agriculture, retail, and industrial.
Over the past several years there has been billions of dollars’ worth of investment poured into the region from both the public and private sectors, with projects including:
Airport expansion
The building of public and private university hospitals and health hub
SunCentral CBD in Maroochydore
City of Aura in Caloundra South
Submarine broadband connection providing fastest connection to Asia
Bruce Highway upgrade
Multiple new housing estates and associated infrastructure including schools and sporting facilities, industrial parks and more.
The Sunshine Coast comes under the governance of two local councils – the Sunshine Coast Regional Council covering the southern to central suburbs, and Noosa Shire Council. There is good connectivity across the region via road networks, rail through the hinterland townships, and bus; and the Sunshine Coast Airport now has a second runway and is open to international travel (now Australia’s fastest growing airport (traffic-wise).
With the 2032 Olympics being held in southeast Queensland, there will be an acceleration in investment in this region, particularly in and around transport, including possible rail upgrades providing line duplication for fast rail and there is also a proposal in place for a light rail coastal service.
DISCLAIMER.
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. North Coast Commercial Properties Pty Ltd trading as Ray White Northern Corridor Group 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 b y 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 t o 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.
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