TIGHTLY HELD INDUSTRIAL WITH SECURE TENANT

The Details

Location: Central Brisbane, QLD

Type: Off Market Commercial

Purchase Price: $740,000

Net Rent: $40,000

Net Yield: 5.4%

Cashflow: $25,500 per year (70% loan @ 2.5%):

Lease: 2 years

Total Area: 210m2

Warehouse: 85m2

Office + Balcony: 125m2

Extremely tightly held complex

Asset type very difficult to find recent sales indicating scarcity

Located in a major industrial area for the Brisbane-Ipswich corridor

5 minute walk to the train station and major shopping centre

Immaculate building and pest report post heavy storm event in Brisbane

Long term tenant seeking further lease extensions