Dual Tenancy in versatile property in highly sought after area

The Details

Location: Brisbane, QLD  

Type: Off Market Commercial 

Purchase Price: $2,525,100

Net Yield: 6.44%

Cashflow: $45,123 (70% loan at 6.5%)

Lease: 2 tenants: Tenant A - (5 year lease to June 2027 with 1 x 5 yr option) + Tenant B - (New 5 year lease to January 2028 with 1 x 5 yr option)

Total Area: 667 sqm 

WHY WE LOVE THIS PROPERTY:

Premium suburb, on a premium Street

Accessible to all major highways

The most sought-after area for industrial properties

Negotiated $75k off asking price following lease review during due diligence

Developer completing a high-end fitout for incoming tenant locking them to the location long term