investors targeting dfos...cial strip of sunshine beach, near noosa on the sunshine coast, has been...

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Daily Daily Expressions of Interest Closing Thursday 14 April 2016 4pm Leon Alaban 0422 011 455 Ben Kleimeyer 0422 813 392 raywhitehotels.com.au *approx. Ray White Hotels Australia RWH084 Under the instructions of Justin Walsh and Adam Nikitins as Receivers and Managers Western Downs Motor Inn and Adjoining Residential Property Miles 113-119 Murilla Street, QLD Modern (built 2014), well appointed motel and adjoining two bedroom house offered with vacant possession 345km* from Brisbane and 215km* from Toowoomba Motel features: 23 rooms, restaurant and bar area, conference area and a vacant room suited for a fitness centre (all not operational) Lot 13 on RP845463 and Lot 17 on SP193599; combined land area 4,075m 2 * Expressions of Interest Closing Tuesday 19 April 2016 4pm Andrew Burke 0417 606 128 Mark Creevey 0408 922 222 Andrew Leach 0419 672 833 raywhitecommercial.com Property ID 1440466 *approx. Ray White Special Projects (QLD) RWC537 Three Lots on Capricorn Coast Headland Cooee Bay 4-6 Cathne Street Under instructions from the Receivers and Managers Three lots offered individually or in one line Total land area 4,305m 2 * 3.5km* to Yeppoon Town Centre Zoned Residential 1 Outline Indicative Only Outline Indicative Only Outline Indicative Only Outline Indicative Only Great Keppel Island Great Keppel Island Rosslyn Bay Marina Rosslyn Bay Marina Yeppoon 3.5km* Yeppoon 3.5km* 858m 858m 2 2 * * 858m 858m 2 2 * * 2,589m 2,589m 2 2 * * SOME of the last remnants of the Direct Fashion Outlet empire are being sold, with news the DFO Jindalee retail centre in Brisbane’s western suburbs has been acquired for $46.6 million. Brisbane-based Taiwa- nese investors the Wen fami- ly, of Chin Hong Investments, are understood to have bought the centre from priv- ate owner and developer Fac- tory Outlets Jindalee on a yield of around 7%. The deal follows that of DFO Cairns retail centre for about $40 million, with War- ren Ebert’s Sentinel Proper- ty Group expected to settle its acquisition of the centre this month. It is understood that Senti- nel has raised about $24 mil- lion in equity needed to buy the 25,000sq m property in north Queensland which has 1500 car parks and under- went a $5 million refurbish- ment and redesign in 2014. The DFO Jindalee deal was negotiated by Peter Ty- son, of Savills, following a formal marketing campaign conducted by Mr Tyson, Jon Tyson and Steven Lerche of Savills late last year. “The sale process drew strong interest from a wide range of investor groups and generated nine competitive bids,” Mr Tyson said. “DFO Jindalee is one of only two dedicated direct factory outlet centres in the Brisbane trade area and the new owner plans to conti- nue the DFO operation and retain the centre’s brand- ing.” Situated on the Centenary Mwy, the single-level direct factory retail centre was de- veloped in 2007 and features more than 80 tenants totall- ing 16,485sq m GLA in an en- closed mall. The centre is anchored by national brands including Nike, Adidas, Puma, Bonds and Jeans West and features parking for more than 900 cars and is developed on a 3.927 hectare site with a high order retail zoning. Meanwhile, DFO Cairns, located at 274–302 Mulgrave Rd, Cairns, is anchored by a full line Coles supermarket together with three major te- nants, 10 mini-majors, 69 spe- cialty stores, six ATMs and a Hungry Jack’s pad site. The property is being mar- keted by JLL’s Sam Hatcher and Simon Rooney, with the fully leased net income cal- culated at $4.5 million. Sentinel Property Group has been expanding its pro- perty holdings in north Queensland, with the pur- chase late last year of a frees- tanding Big W in Atherton for $10.35 million. The group is also making a bid to list on the Australian Stock Exchange through a takeover of the listed Unity Pacific Group by increasing its shareholding. – REA Investors targeting DFOs NEW OWNERS: The DFO Jindalee retail centre in Brisbane’s western suburbs was sold to Brisbane-based Taiwanese investors for $46.6 million. PHOTO: DAVID MILLAR By GEMMA WESTACOTT

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Page 1: Investors targeting DFOs...cial strip of Sunshine Beach, near Noosa on the Sunshine Coast, has been sold at auc-tion by Ray White Commer-cial for $990,000. Lots 1 and 2 at 56 Duke

Thursday, March 17, 2016 DailyDaily

PAGE 28 www.sunshinecoastdaily.com.au

Expressions of InterestClosing Thursday 14 April 2016 4pmLeon Alaban 0422 011 455Ben Kleimeyer 0422 813 392raywhitehotels.com.au *approx.Ray White Hotels Australia

RWH0

84

Under the instructions of Justin Walsh andAdam Nikitins as Receivers and Managers

Western Downs Motor Inn andAdjoining Residential PropertyMiles 113-119 Murilla Street, QLD• Modern (built 2014), well appointed motel and adjoining

two bedroom house offered with vacant possession• 345km* from Brisbane and 215km* from Toowoomba• Motel features: 23 rooms, restaurant and bar area,

conference area and a vacant room suited for a fitnesscentre (all not operational)

• Lot 13 on RP845463 and Lot 17 on SP193599;combined land area 4,075m2*

Expressions of InterestClosing Tuesday 19 April 2016 4pmAndrew Burke 0417 606 128Mark Creevey 0408 922 222Andrew Leach 0419 672 833raywhitecommercial.comProperty ID 1440466 *approx.Ray White Special Projects (QLD)

RWC5

37

Three Lots on CapricornCoast HeadlandCooee Bay 4-6 Cathne Street• Under instructions from the Receivers and Managers• Three lots offered individually or in one line• Total land area 4,305m2*• 3.5km* to Yeppoon Town Centre• Zoned Residential 1

Outline Indicative OnlyOutline Indicative OnlyOutline Indicative OnlyOutline Indicative Only

Great Keppel IslandGreat Keppel Island

Rosslyn Bay MarinaRosslyn Bay Marina

Yeppoon 3.5km*Yeppoon 3.5km*

858m858m22**

858m858m22** 2,589m2,589m22**

SOME of the last remnants ofthe Direct Fashion Outletempire are being sold, withnews the DFO Jindalee retailcentre in Brisbane’s westernsuburbs has been acquiredfor $46.6 million.

Brisbane-based Taiwa-nese investors the Wen fami-ly, of Chin Hong Investments,are understood to havebought the centre from priv-ate owner and developer Fac-tory Outlets Jindalee on ayield of around 7%.

The deal follows that ofDFO Cairns retail centre forabout $40 million, with War-ren Ebert’s Sentinel Proper-ty Group expected to settleits acquisition of the centrethis month.

It is understood that Senti-nel has raised about $24 mil-lion in equity needed to buythe 25,000sq m property innorth Queensland which has1500 car parks and under-went a $5 million refurbish-

ment and redesign in 2014.The DFO Jindalee deal

was negotiated by Peter Ty-son, of Savills, following aformal marketing campaignconducted by Mr Tyson, JonTyson and Steven Lerche ofSavills late last year.

“The sale process drewstrong interest from a widerange of investor groups andgenerated nine competitivebids,” Mr Tyson said.

“DFO Jindalee is one ofonly two dedicated directfactory outlet centres inthe Brisbane trade area andthe new owner plans to conti-nue the DFO operation andretain the centre’s brand-ing.”

Situated on the CentenaryMwy, the single-level directfactory retail centre was de-veloped in 2007 and featuresmore than 80 tenants totall-ing 16,485sq m GLA in an en-closed mall.

The centre is anchored bynational brands includingNike, Adidas, Puma, Bonds

and Jeans West and featuresparking for more than 900cars and is developed on a3.927 hectare site with a highorder retail zoning.

Meanwhile, DFO Cairns,located at 274–302 MulgraveRd, Cairns, is anchored by afull line Coles supermarkettogether with three major te-nants, 10 mini-majors, 69 spe-cialty stores, six ATMs and aHungry Jack’s pad site.

The property is being mar-keted by JLL’s Sam Hatcherand Simon Rooney, with thefully leased net income cal-culated at $4.5 million.

Sentinel Property Grouphas been expanding its pro-perty holdings in northQueensland, with the pur-chase late last year of a frees-tanding Big W in Athertonfor $10.35 million.

The group is also making abid to list on the AustralianStock Exchange through atakeover of the listed UnityPacific Group by increasingits shareholding. – REA

Investors targeting DFOs

NEW OWNERS: The DFO Jindalee retail centre in Brisbane’s western suburbs was sold toBrisbane-based Taiwanese investors for $46.6 million. PHOTO: DAVID MILLAR

By GEMMA WESTACOTT

Page 2: Investors targeting DFOs...cial strip of Sunshine Beach, near Noosa on the Sunshine Coast, has been sold at auc-tion by Ray White Commer-cial for $990,000. Lots 1 and 2 at 56 Duke

Thursday, March 17, 2016DailyDaily

www.sunshinecoastdaily.com.au PAGE 29

UNDER

INSTRUCTIONS FROM

RECEIVERS & MANAGERS

For sale by offers to purchase closing Thursday, 24 March at 4pm

“Northside Industrial Park”, Bundaberg96 Mount Perry Road, Bundaberg QLD“Northside Industrial Park” is an industrial community. Located on the north side of Bundabergon a major arterial road. The area is a great investment opportunity for owner occupier,SMSF or private investors.

• Tenancies ranging from 280 sqm* - 1,016 sqm*• Lots 6, 8-10, 11, 13-14 and 15 are tenanted• Lots 3, 18 and 19 are vacant and available for an owner occupier• Metal buildings built during 2006-2008 with internal offices, workshops,

amenities and retail areas in a range of configurations• Internal clearance in the range of 4.5m* - 5.0m*• Ample onsite parking for both customers and staff• Design and layout of the complex allows for good accessibility for a range

of commercial and industrial uses

Lots are offered for sale in one line or individually, contact an agent today to arrange an inspection

Knight Frank Rockhampton 07 4921 2347Pat O’Driscoll 0418 792 571Neale Crow 0418 886 162View at KnightFrank.com.au/2802853

RE/MAX PrecisionScott Mackey 0419 728 911Aaron Thompson 0409 051 929www.precisionrealestate.com.au

*Approx

MM

0880

69

Outline Indicative OnlyOutline Indicative Only

Toowoomba CBD — 4,707m2* on Seven Titles• Current holding income of $152,150 p.a.* gross• Redevelopment options include office, apartments,

accommodation and mixed use• Height limit of 12 storeys• 950m* to the $550m* Grand Central shopping redevelopment• Region currently experiencing strong growth through

infrastructure projects such as the $1.6b* ToowoombaRange Crossing and Brisbane West Wellcamp Airport

Expressions of InterestClosing Thursday 21 April 2016 4pmPeter Marks 0400 111 952Brian Hodges 0419 355 394Tony Williams 0411 822 544Mark Creevey 0408 992 222raywhitecommercial.comProperty ID 1441502 *approx.Ray White Commercial Toowoomba/Special Projects (QLD)

RWC5

89

Office WorksOffice WorksEmpire TheatreEmpire Theatre

Burke & Wills HotelBurke & Wills Hotel

ToowoombaToowoombaCentralCentralPlazaPlaza

Commercial Property

A NEW industrial showroomand warehouse premises inToowoomba is positionedwith premium exposure tothe corner of Greenwattle Stand Euston Rd.

Available to the market forlease by Colliers Internation-al Toowoomba, 799–801Greenwattle St offers qualityfinishes and modern de-signs.

Located on the site are two301sq m tilt panel warehousetenancies with 10 on-site carparks.

“Both feature auto rollerdoor, disabled toilets, tearooms and fantastic mezza-nine floors with air-condi-tioning, data cabling and am-

ple natural light,” exclusivemarketing agent MarkusEames said.

“Premium showrooms andwarehouses of this qualitywith fantastic exposure arerare and as a business owneryou should ask yourself,‘What does your premisessay about your business?’

“The site is ideal for show-room, distribution or ware-housing. Set on fully land-scaped grounds with fullsecurity fencing, on-siteparking with great hard-stand and additional hard-stand is also available.”

For more information, con-tact Mr Eames on0407 388 856.

NEW FACILITIES: Colliers International Toowoomba’s MarkusEames at 799–801 Greenwattle St. PHOTO: CONTRIBUTED

Leases available inindustrial premises

A TENANTED retail stratainvestment in the tightlyheld and popular commer-cial strip of Sunshine Beach,near Noosa on the SunshineCoast, has been sold at auc-tion by Ray White Commer-cial for $990,000.

Lots 1 and 2 at 56 Duke St,Sunshine Beach, which hasXO Cellars bottle shop as along-term tenant, were soldto a local investor by RayWhite Commercial Noosaand Sunshine Coast North’sJohn Petralia and Paul But-ler.

The 88sq m tenancy with a48sq m exclusive use areawas sold on behalf of out oftown investors for a yield of6.1%.

“We had very strong inter-est during the marketingcampaign for this invest-ment opportunity with 38inquiries and two offersprior to auction,” Mr Petraliasaid.

“The on-site auction at-tracted 10 registered biddersand people flew from Mel-bourne and many othersdrove up from Brisbane to at-tend.

“There was very keen bid-

ding with the property goingon the market when biddingreached $980,000 and sellingunder the hammer for$990,000.”

Mr Butler said one of theextra attractions of the pro-perty was that the tenant hasalso installed a third party

ATM machine in the shop-front.

“This attracts customersto the business as well asgenerates additional incomefor the tenant via a transac-tion rebate,” he said. “Thereare also two exclusive use carparks. The commercial strip

in Sunshine Beach is tightlyheld and with its mix of res-taurants and village feel it isa popular destination loca-tion for diners, locals and ho-liday makers.”

Further inquiries to Mr Pe-tralia on 0414 812 719 or MrButler on 0418 780 333.

Strong interest inretail opportunity

COMMERCIAL STRIP: A local investor has paid $990,000 for Lots 1 and 2 at 56 Duke St, SunshineBeach, which has XO Cellars bottle shop as a long-term tenant. PHOTO: CONTRIBUTED

Page 3: Investors targeting DFOs...cial strip of Sunshine Beach, near Noosa on the Sunshine Coast, has been sold at auc-tion by Ray White Commer-cial for $990,000. Lots 1 and 2 at 56 Duke

Thursday, March 17, 2016 DailyDaily

PAGE 30 www.sunshinecoastdaily.com.au

EMPIRE HOTEL

• Solid 2 Storey Hotel • Excellent location / Car Parking • 23 Gaming Machines• Bars, Bistro, TAB & Accomodation • Large Owners Residence

196 Mary Street, Gympie Qld

HOTEL BROKERSAUCTIONEERS& VALUERS

Andy Nason 0412 167 873 [email protected]

AUCTION ONSITE22nd March 2016 at 11am

Strategic Petrol Station Investment

Exceptional CBD Highway Corner

10 Year Lease to Woolworths + Options until 2042

Substantial & Recent Site Upgrade

Mount Isa QLD 42 Miles Street (cnr. Barkly Highway)• 18 Year Lease to 2021 with options to 2041• Woolworths Ltd. – Top 50 ASX listed Company• All improvements fully maintained by Woolworths Ltd.

Blackwater (Central QLD) 48 Railway Street• Well established 24 hour service station and

convenience store• Recent major site upgrade completed by Woolworths

• Strategic highway position near the centre ofMount Isa CBD & close to Bunnings, McDonald’s,KFC & Mount Isa Village Shopping Centre

• 100% of outgoings paid by the tenant (excl. land tax)• Net Income: $165,483 pa*

• Strategic position on main highway capitalisinghuge mining trade in Blackwater and surrounds

• Close to McDonald’s and Red Rooster• Net Income: $129,041 pa*

(est. as at 12/5/16 post CPI increase) David Ingram0403 464 621

Michael Collins0404 023 204

Michael Collins0404 023 204

Kieran Bourke0417 418 007

CALTEX CALTEX

Investment Portfolio Auction 103 11am Tuesday 5 April, Doltone House Hyde Park, 181 Elizabeth Street, Sydney

burgessrawson.com.au*Approx

PROFITABLE CASH FLOW BUSINESS

STARLIGHTSTAVERN LONGREACH, QLD

HOTEL BROKERSAUCTIONEERS& VALUERS

PETER POWER 0419 662 677 ANDY NASON 0412 167 873

www.powerjeffery.com.au

EOI Closing 4pm Wednesday 27th April 2016

• Modern Brick / Masonry Block Building • 10 Gaming Machines,Pub Tab, Keno • 2 Bars, 100 Seat Bistro, Beer Garden

• Cellarbrations Drive In, Managers Residence

FORSALE

Commercial Property

A COMMERCIAL invest-ment opportunity with a na-tional dental group as a long-term tenant at Buddina onthe Sunshine Coast is beingoffered for sale via auctionby Ray White Commercial.

The 216sq m building atLots 2, 3 and 4, Burns Centre,3 Burns St, Buddina, is beingmarketed by Alan Gray andLen Greedy of Ray WhiteCommercial Caloundra.

“This is a highly desirableopportunity to purchase anoutstanding commercial in-vestment property with a na-tional dental group as the

long term lessee,” Mr Graysaid. “National Dental Care(NDC Australia Pty Ltd) is anAustralia-wide network ofdental practices that pridethemselves in providinghighly professional servicescombined with state of theart equipment and technolo-gy.

“With net rental return ofapproximately $121,000 perannum, a five-year lease inplace and multiple optionsthereafter, this is an oppor-tunity for the astute investorto purchase a long-term se-cure investment package

comprising three lots amal-gamated into a modern den-tal practice.”

Mr Greedy said the loca-tion was second to none andwas close to Kawana Shop-pingworld and the KawanaHospital precinct.

“Rarely does an invest-ment of this calibre becomeavailable,” he said.

The auction will be held in-rooms at The Events Centre,20 Minchinton St, Caloundra,at 11am (AEST) on March 23.

Inquiries to Mr Gray on0414 894 084 or Mr Greedy on0401 691 807.

UP FOR GRABS: The Burns Centre in Buddina, with a national dental group as a long-termtenant, will go to auction on March 23. PHOTO: CONTRIBUTED

Auction looms for centre

A RARE opportunity is avail-able to secure a main streetdevelopment site in the heartof Maleny in the SunshineCoast hinterland.

The property has primeexposure of 40m to Maple St,fronting onto the Maleny Vil-lage shops, cafes and restau-rants, and is located in the di-rect centre of the town.

The land area over six ad-joining lots is 5631sq m andoffers three-street frontagewith access to Maple St, FigSt and Willow Lane.

Gregory Woods and JasonO’Meara of Savills are offer-

ing the development site forsale by private treaty.

The property is zoned dis-trict centre and offers theflexibility for a wide range ofpotential uses and develop-ments, including retail, com-mercial, residential units/townhouses, a supermarket,hotel or short-term accom-modation, all subject to re-quired council approvals.

Mr Woods said the site wasideal for sub-division or astaged development and pre-sented a new opportunity inthe heart of the township.

“We have already had a lot

of strong interest in the siteand believe it provides for asignature new developmentthat in time will add to thecharacter of Maleny,” hesaid.

It has an annual income ofabout $57,600 with two com-mercial dwellings on themain street plus an older-style home on the corner ofWillow Lane and Fig St.

Mr O’Meara said the fu-ture development opportuni-ties for the property weremany and the fact that themultiple lots were being of-fered for sale in one line al-

lowed for plenty of optionsfor astute buyers with crea-tive ideas to fully maximisethe potential of the site.

“There are not many op-portunities like this availablein popular hinterland townssuch as Maleny, offering overone and a quarter acres ofland in the middle of themain street with the flexibil-ity of this zoning and three-street frontage and access”Mr O’Meara said.

For further informationcontact Mr Woods on0409 305 224 or Mr O’Mearaon 0408 087 868

RANGE OF OPTIONS: The land area over six adjoining lots in Maleny is 5631sq m. PHOTO: CONTRIBUTED

Major holding in hinterland

Page 4: Investors targeting DFOs...cial strip of Sunshine Beach, near Noosa on the Sunshine Coast, has been sold at auc-tion by Ray White Commer-cial for $990,000. Lots 1 and 2 at 56 Duke

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