Key Highlights
• Location: Brisbane, QLD
• Building size: 403m2 + 9 car spaces
• Annual Net Rent: 165,000 Net + GST + Outgoings
• Lease Term: 5year to 2028 + 5year option to 2033
• Increase: 4%
• Price: $1,575,000
• Net yield: 6.4%
Client MandateLiz & Grove are investors who engaged us to source their first commercial Investment property for their SMSF, ideally with a 5%+ net yield. Their main goal was to have a low-maintenance investment with a quality tenant and a long lease for income security.
ResultSourced off-market, this 403m2 Industrial property has been occupied by the same tenant since 2009, now signing a new 5+5year lease to 2033 with strong 4% annual increases providing a low-maintenance, stable and secure income to our client. We negotiated favourable terms, conducted extensive DD and negotiated a $75,000 price reduction.
See how we can help you Invest in or Occupy your ideal Commercial property.