THE OPPORTUNITY
Davidson Property is pleased to present to the market 2 Energy Circuit, Robina. Comprising a fully leased, multi-tenanted, modern industrial property consisting of five separate units, the property is well positioned in the popular Robina Industrial Precinct, within minutes of both the M1 and Robina Town Centre. Located on the corner of Scottsdale Drive and Energy Circuit, the property is being offered to the market as a secure investment with five existing tenants.
KEY ATTRIBUTES INCLUDE:
• Modern, multi-tenanted industrial property in a premium Robina location
• Secure leases to well-known national tenants including Jetts Fitness and National Windscreens
• Extremely well maintained and presented industrial facility
• High clearance warehouses with mezzanine offices and carparking for 38 vehicles
• Net annual income $333,379 per annum excl GST
• Prime location close to M1, Robina Town Centre and Robina Auto Mall
• Strong annual rental increases
• Tenants contribute to outgoings
This is a rare opportunity for an investor to acquire a substantial industrial property and to benefit from a secure and regular return with future income and capital growth.
The property is being sold via an Expression of Interest campaign, closing at 14 March 2023 at 3PM
EXECUTIVE SUMMARY
Address 2 Energy Circuit, Robina Qld 4226
Real Property Description Lot 539, Survey Plan 208060
Land Area 3,249 SQM
Building Area 1,787 SQM
Car Parking 38 on site spaces
Description A modern, securely leased, multi-tenanted industrial property in a highly sought-after location.
Net Income (excl GST) $333,379 per annum
Annual Outgoings $90,123 per annum
Local Government Authority Local Government (Robina Central Planning Agreement Act 1992)
Zoning Special Purpose Zone -See attached Zoning information
Number of Tenancies Five (5)
Interest for Sale 100% freehold
Method of Sale Expressions of Interest Closing 3PM, 14 March 2023
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
A QUALITY INCOME PRODUCING ASSET
Representing a rare opportunity to acquire a significant multi-tenanted investment within the tightly held and popular Robina Industrial Precinct, the property is being sold with five existing leases.
STRATEGIC LOCATION
The Robina Industrial Precinct is recognised by both investors and owner occupiers as an extremely well positioned and easily accessible area with strong growth potential moving forward. Located within minutes of access to the M1 and Robina Town Centre, the property is located in the geographic centre of the Gold Coast with easy access both South to Coolangatta and North to Brisbane.
STRONG TENANT COVENANT
2 Energy Circuit is home to five well established and quality tenants. Providing a staggered lease expiry profile, the property offers investors a WALE of 3.6 years.
Existing tenants include:
SASKI COLLECTION (includes TH IP Pty Ltd in Unit 1) is a luxury athleisure label created by fitness mentor Tammy Hembrow. Created to inspire confidence in women inside and outside the gym, Saski activewear is comfortable while working out, while specially designed to complement a wearers body and enhance their shape.
MAINTENANCE CONNECT is a well-established local business servicing the Gold Coast and surrounding areas of South-East Queensland. Maintenance Connect provides a range of handyman, plumbing, tradesperson & landscaping services to both residential and commercial clients including carpentry, general repairs, all aspects of plumbing, renovations and more.
NATIONAL WINDSCREENS has been providing Australia with fast and highquality windscreen replacements and repairs since 1987. With over one hundred fitting centres and hundreds of technicians strategically located throughout Australia, National Windscreens is able to provide customers with certainty. This makes National Windscreens, Australia’s largest and most successful independent windscreen company.
JETTS is an Australian born and bred company founded in 2007, The first Jetts opened its doors in Helensvale on the Gold Coast. Jetts was the first gym to market with 24/7 access, no lock in contracts, low fees and member friendly policies. This approach made health and fitness available to more people than ever before. Since then, Jetts has expanded to become a market leader with a global network of over 240 gyms across Australia, Netherlands, New Zealand, Thailand, UK and Vietnam. Following the incredible growth both within Australia and globally, Jetts was acquired by Quadrant in 2016 which formed Fitness and Lifestyle Group; Asia Pacific's leading health and wellness group.
MARKET DRIVERS
The Gold Coast is Australia’s sixth largest city, and the second largest in Queensland. The city has recorded one of Queensland’s largest increases in population growth in recent years, driven by interstate migration as a result of lifestyle benefits and affordability. Underpinned by high levels of amenity and infrastructure, local employment, population growth, development and housing values, the Gold Coast is not only a lifestyle destination, but also a compelling investment location.
The Gold Coast industrial market recorded a record year in 2021/2022, buoyed by a shortage of supply and strong fundamentals including population growth, e-commerce and the decentralisation of businesses from Brisbane.
The Central and Southern precincts of the Gold Coast have been the standout performers, stemming from a lack of developable land and unprecedented demand from occupiers and investors. These factors have led to record levels of capital value growth while land values have reached new heights.
LAND & IMPROVEMENTS
2 Energy Circuit comprises 3,249 sqm of improved industrial land with the following dimensions:
m
m
m
m
Improvements include a modern industrial building built in 2012 of concrete tilt-panel wall and metal deck roof construction. Each unit contains an airconditioned office mezzanine area accessed via a stairway in the warehouse.
High clearance 4.8 m roller shutters at the front of each unit provides access to the warehouses and some units have additional roller shutter access to secure rear exterior courtyard storage areas.
Total building and rear storage areas are as follows:
MAIN IMPROVEMENTS
Date of Construction Circa 2012
Building Structure Concrete tilt panel building with internal mezzanine office space
Main Walls Concrete
Roof Metal
Interior Linings Concrete and painted plasterboard
Flooring Mixture of tiles, carpet and exposed concrete
Ceiling Mixture of ceiling tiles and painted plasterboard
Services AC units servicing office spaces
SITE IMPROVEMENTS
Landscaping Concrete with good quality fencing and plants
Parking 38 on grade and additional street parking
Signage Front facade
LOCATION
THE PROPERTY IS WELL LOCATED ON THE CORNER OF BURY SCOTTSDALE DRIVE AND ENERGY CIRCUIT, IN CLOSE PROXIMITY TO THE FOLLOWING:
• Access to the M1, north and southbound
• Robina Town Centre
• Easy-T shopping Centre
• Robina Auto Mall
• Varsity Township
• Christine Avenue with access to the beach suburbs
TOWN PLANNING
Zone Description Special Purpose Zone under Local Government (Robina Central Planning Agreement Act 1992)
Objectives of Zone PURPOSE
The purpose of the special purpose zone code is to provide for public uses that are owned or operated by a government, statutory authority, government owned corporation, local government or private organisation in the course of a public utility undertaking, such as a defence establishment, airport, sea port, rail line, railway station, or the provision of water supply, sewerage, electricity, gas, telecommunications, transport, drainage or other like services.
TENANCY SCHEDULE
The Tenancy Schedule should be read in conjunction with the executed Leases, and not relied upon in isolation. A copy of the respective leases can be provided upon request to the marketing agents. *All figures are approximate only. Buyers must complete their own due diligence.
BUILDING OUTGOINGS
The above figures are based on information provided to the agent.
*All figures are approximate only. Buyers must complete their own due diligence.
SUMMARY OF BUILDING INCOME
SALE PROCESS
SALE PROCESS
Offered for sale via Expressions of Interest expiring 3 PM, 14 March 2023
CONTRACT DOCUMENT
The contract document is available upon request to the exclusive selling agents.
DUE DILIGENCE
Building outgoings are recoverable from four tenants in addition to rent
All figures are approximate only. Buyers must complete their own due diligence.
All prospective buyers are responsible for their own due diligence and are recommended to do so prior to making an offer. For more information on the sale process or to organise an inspection, please contact the exclusive agents.
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. Davidson Property 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.
OFFER TO PURCHASE
To Agents Mike Ward 0419 416 458 cpm1@davidsonproperty.com.au
Kyle Davidson 0458 997 859 kyle@davidsonproperty.com.au
Dated I / We of ABN / ACN
Address
Email Lawyer
Lawyer Ph
We wish to make an offer to purchase 2 Energy Circuit, Robina QLD 4211 on the following terms:
Purchase Price $
Deposit $
Finance
Settlement Conditions
Full Name Signature Full Name Signature