Property Evaluation Dossier
Confidential · Buyer-side DD
Premium · QLD1 confirmed discrepancyConfidential
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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Sample report

This is an illustrative sample. Numbers and fields shown reflect what a complete report contains for a QLD commercial property; your report will be specific to your address.

1.Verdict

Conditional buy · 5.8/10

Buy if

  • HIGH flags resolved
  • ESA returns clean

Walk if

  • GST election cannot be repaired

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

The overall score above is a weighted blend of location/asset quality, environmental risk, yield and flag severity. It is not a simple average of the rows below. Tenant covenant is shown for context but does not itself feed the overall score.

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
Indicative
$2.7M
Net yield
5.4%
$ / sqm
$13.5k
WALE
5.0y
Land tax pa
$28.0k
Stamp duty
$112.0k
Settlement
30 days

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 statusHIGH

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.

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)

Environmental risks

Risk data not yet assembled for this address.

Bushfire, flood, coastal, landslip, contamination and heritage findings will appear here once state hazard layer assembly is complete.

Mapping coming soon

Council overlays, zoning, heritage, flood and bushfire layers will return as an interactive map in a future update. For now the underlying findings are reflected in the Planning and Environmental sections.

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