6% Set & Forget Brisbane Industrial Duplex Investment

Client MandateJ is a seasoned Residential & Commercial investor who re-engaged us to source his third Commercial Investment property. His goal was to purchase a solid, low-maintenance investment with quality tenants that would provide both income security, growth and an initial 6% net yield.
‍ResultSourced off-market, this quality near-new duplex has an A-grade tenant in occupation since 2021 on a 3+3year lease, and another in occupation from 2021 on a 5+5 year lease both with strong CPI or 3.5% annual increases providing a low-maintenance, stable and secure income to our client. We negotiated a$250,000 price reduction, and extended settlement terms and conditions to suit our buyer and conducted extensive DD. While under-contract the Vendor received a $5.8m offer from another buyer. Our client is thrilled with the immediate equity gain and a further 10% rental uplift to unlock within 2years.