High-Yielding Low-Site Coverage Industrial Freehold With 20% Rental Upside

Client MandateMarty is a business owner who engaged us to source his 1st commercial Investment property, ideally a low-site coverage industrial freehold with short leases and the ability to extract some upside within 2years. His main goal was to have a large asset in a good location and increasing rents within 2years.
‍ResultSourced on-market, this large 2752m2 warehouse sitting on 3814m2w of land in south Brisbane ticked all the boxes. The tenant re-signed a 2year lease to 2026 with 3.75% annual increases guaranteeing our client a holding income with a high 6.44% net yield. We negotiated a $150,000 price reduction, and conducted extensive DD establishing a 20% below market rent which in only 2years time will greatly benefit our client with a 7.72% rental yield. A cracker!