2 for 1 + HUGE Value Add Potential

The Details

Location: Brisbane, QLD

Type: Off Market Commercial

Purchase Price: $1,445,000

Net Yield: 5.74%

Cashflow: $16,579 (70% loan at 6.5%)

Lease: 2 and 3 year leases for each property .

Total Area: Unit 4 - 234 sqm / Unit 5 - 448 sqm.

WHY WE LOVE THIS PROPERTY:

Easy access to the Brisbane CBD, Port of Brisbane, and international airports

Both tenants are currently paying 20% under the market rent, so there isthe ability to increase the yield to 7.5% net in the next 18 months

Two separate properties = separate tenants for diversity and security

Tenants on different lease lengths ensure the property will at least be half tenanted if a vacancy arises

Scope for further cosmetic renovations to further increase value in the future