Property Evaluation Dossier
Confidential · Buyer-side DD
Premium · QLD1 flagsConfidential
Conditional buy · 5.8/10

1/105 Flinders Parade, North Lakes QLD 4509

Tyrepower North Lakes. Sale subject to lease to J A Tyre Co Pty Ltd · REIQ Commercial Contract · Sold as Going Concern
Lot 1 SP306589 · CTS 53334 · Moreton Bay City · Generated 14 May 2026 · Prepared for Sample viewer · Reviewed against DealVet KB (2026-05-14)

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1.Verdict

Conditional buy · 5.8/10

National-brand tenant on a fresh 10-year lease at $385/sqm. One HIGH contract issue (GST going-concern election) needs resolving before exchange.

1.1Headline numbers

AssetSingle-tenant commercial premises (Tyrepower workshop)

1.2Scorecard

DimensionScore / 10Comment
Tenant covenant7National Tyrepower brand; ASIC pending.
Pricing?Comparables work pending.

1.3Indicative offer band

Target net yieldImplied priceZone & commentary
5.00%$3.70Mwalk above · Strong covenant required
6.00%$3.08Mtarget · Mid-market

Buy if

  • HIGH flags resolved
  • ESA returns clean

Walk if

  • GST election cannot be repaired

2.Flags & cross-check

The following are unresolved deltas between the contract / disclosure and independent evidence. Each must be closed out before exchange.

Flag 1: GST going-concern selection inconsistent with Buyer's stated GST status (HIGH)

Reference Schedule selects 'Going concern' but Buyer GST status is No.

Action: Register Buyer entity for GST before settlement.

cl. 11.5 · s.38-325 GST Act · Buyer's solicitor · pre-exchange

2.1Cross-check matrix

Vendor's claim against independent finding. 1 facts checked; only non-match rows shown by default.

FactVendor's claimIndependent findingStatus
GST electionContract: special conditionsGoing concern selectedReference Schedule cl. 11.5Buyer not yet GST-registeredBuyer status questionnaireMISMATCH · Flag 1

3.Identity

Suburb
North Lakes
State
QLD
Postcode
4509
LGA
Moreton Bay City
Lot
1
Plan
SP306589
Coordinates
-27.2275, 153.0235

4.Lease

4.1Term & options

Tenant
J A Tyre Co Pty Ltd

4.2Rent & reviews

Passing rent
$185,000 pa + GST

4.3Outgoings recoverability

OutgoingAnnualRecoverable?Risk
Council rates$3,340YES

4.4Security & tenant covenant

Bank guarantee
Not visible

4.5Make-good, assignment, default

Standard make-good clauses apply.

4.6RSLA status

Borderline applicability.

5.Sale contract

5.1Parties & property

Vendor
(Illustrative. Vendor entity is sourced from the uploaded sale contract)

5.2Title encumbrances surviving settlement

ItemDetail
Lease (registration number from title)Illustrative. Encumbrance list is read from the uploaded contract / title search

5.3Price, deposit & settlement

Settlement
30 days

5.4GST

GST election
Going concern

5.5Land tax adjustment

Single-holding basis.

5.6Conditions

Subject to finance
Not Applicable

5.7GST going-concern conditions

Going-concern testStatus
Property tenanted at settlement?YES

6.Planning

6.1Zoning & planning controls

Zoning
Mixed Industry & Business

6.2DA history & surrounding supply

No DAs on file.

7.Comparables

Queensland does not publish per-property sales as reusable open data (there is no Valuer-General bulk sales feed equivalent to NSW), so DealVet cannot show an individual commercial sales table. We report ABS area-level context instead. North Lakes has no published commercial median, so the figures below are the residential dwelling benchmark for the suburb and are locality context only, not a comparable for this workshop. For asset-level value, commission an agent appraisal or registered valuation.

Market position
Insufficient data

Basis: no commercial comparable available; residential median shown as locality context only

  • 3.5% yield -> $4,165,714
  • 4.0% yield -> $3,645,000
  • 4.5% yield -> $3,240,000

8.Financials

8.1Income, Year 1

Item$ paNotes
Gross face rent$185,000Per Leases Schedule

8.2Landlord-borne expenses

Item$ paNotes / Risk
Vacancy reserve$5,000Modest

8.3Implied price / NOI sensitivity

Net yieldImplied priceComment
3.50%$4,165,714Implied price at 3.5% net yield (NOI / 0.035).
4.00%$3,645,000Implied price at 4.0% net yield (NOI / 0.040).
4.50%$3,240,000Implied price at 4.5% net yield (NOI / 0.045).

8.4Stamp duty

Implied priceStandardAFAD (foreign)Total if foreign
$2,700,000$135,775$0$135,775

8.5Land tax

Annual land tax on a land value of $2,700,000 (QLD). Estimated on the sale price as a proxy. Actual land tax is assessed on the Valuer-General site value, which is typically lower. Source: https://www.qld.gov.au/housing/buying-owning-home/advice-buying-home/land-tax

Land value
$2,700,000
Land tax (annual)
$32,550

8.6GST

Going concern selected.

8.7Year-1 holding-cost summary

Calculated via Deterministic aggregate of stamp_duty + land_tax + council_rates + strata_levy + insurance + gst.

Line item$
Stamp duty (year-one one-off)$135,775
Council rates (12 months)$1,995
Insurance (building + contents median)$5,200
GST (one-off, on contract settlement)$270,000

Total: $412,970one-off $405,775 + annual recurring $7,195

9.Taxes

Stamp duty
Sample. A deterministic stamp-duty calculator is on the roadmap (audit item #4)

GST

Calculated via ATO GST property guide (commercial premises taxable at 10% of sale price).

Property type
commercial
Sale price
$2,700,000
GST applicable
Yes
GST amount
$270,000
  • Going-concern (Div 38-J) election makes this GST-free.
  • GST-registered buyer can claim 10% input tax credit.

Council rates (estimate)

Calculated via QLD state median residential general rates (FY2024) (median fallback). State median fallback.

Annual rates
$1,995
Fixed charge
$520
Variable component
$1,475
Valuation basis
unimproved capital value

Source: https://www.dsdilgp.qld.gov.au/local-government/directory

  • No per-LGA schedule loaded for 'moreton_bay_city'; using the QLD statewide median.

10.Physical

10.1Building basics

Insured value
Illustrative. Surfaced only from uploaded body corporate / insurance certificate

10.2Asbestos

Illustrative sample text. The live pipeline does not assert asbestos presence without an uploaded hazardous-materials report.

10.3Insurance review (Body Corporate-held)

CoverSum insured / status
BuildingIllustrative. Surfaced only from uploaded insurance certificate

11.Location

11.1Macro location

Suburb
North Lakes 4509

11.2Transport & access

Illustrative sample. Specific transport context is produced by the live pipeline only when grounded in a free public-transport dataset.

12.Environmental

12.1Searches in the disclosure pack

SearchSourceResult
EMR / CLRDETSINot on register

12.2Buyer-side searches still needed

  • Phase 1 ESA

13.Demographics & SEIFA(2021 Census)

Data as of 10 Aug 2021Warehouse

Mid-range area (SEIFA IRSAD 1034); median $2,105/wk, age 33

Population (SA1)
538
Median age
33.1 yrs
Median household income
$2,105/wk
Median rent
$480/wk
SEIFA IRSD
1021 (Above average)
SEIFA IRSAD
1034 (Above average)
SEIFA IER
998 (Average)
SEIFA IEO
1009 (Average)

Energy rating (LGA): 6.0 stars (NatHERS) across 2,960 certificates.

14.School catchments

Data as of 15 Feb 2025Warehouse

In-zone for North Lakes State College, Bounty Boulevard State School

  • North Lakes State Collegein-zone
    Combined · to Year 12
  • Bounty Boulevard State Schoolout-of-zone
    Primary · to Year 6

15.Crime statistics

Data as of 30 June 2024Warehouse
CategoryCountRate / 100k
Unlawful entry2,980-

16.Next steps

16.1Pre-exchange checklist

Register Buyer entity for GSTFlag 1
Confirm net lettable area from the lease schedule or a measured survey
Request tenancy rent ledger and a vendor warranty on arrears or disputes
Obtain ASIC company extract and credit check on the lessee
Complete the pre-exchange tenant financial, ASIC and credit verification
Obtain tenant estoppel certificate and confirm attornment and default status

16.2Pre-settlement checklist

Order updated title search 5 days before settlement
Confirm unimproved value and single-holding land tax via the Valuer-General

16.3Document index

DocumentStatusDate
Title searchREQUEST(pending)

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Sample report: 1/105 Flinders Parade, North Lakes | DealVet