FUTURE GROWTH PROSPECTS

The Details

Location: Brisbane, Qld

Type: Commercial

Purchase Price: $740,000

Net Rent: $38,000

Net Yield: 5.1%

Cashflow: $23,530 per year (70% loan @ 2.5%):

Lease: Brand NEW 2 + 1-year lease

Floor Space: 128m2 warehouse with 109m2 mezzanine + 30m2 office

Why we love this property

Negotiated a $10k price reduction off the original asking price

Can increase NLA by obtaining council approval for mezzanine creating up to $200k equity

Strategically located from the motorway entrance connecting to other major arterials and the greater SE QLD region

Prime area for development and future growth

Immaculate building and pest report