Exceptional Industrial Property in an A-grade Location

The Details

Location: Brisbane QLD

Type: Off Market Commercial

Purchase Price: $840,000

Net Yield: 5.83%

Cashflow: $11,820 (70% loan at 6.5% interest rate)

Lease: Leased till October 2024 with 2 year renewal option

Total Area: 275 sqm ( 182 sqm Office Space / 93 sqm Warehouse )

WHY WE LOVE THIS PROPERTY:

Motorway access to Lytton Road and Port Brisbane Motorway

CPI increase by October 2023, resulting rental uplift to $52,500* per year net rent

Extremely tight for vacancy at the moment with prospective tenants lining up

Property is in a highly sought after commercial/ industrial precinct

Currently under rented with opportunity to increase rent to make this a 6.5% to 7% net return

Potential to increase mezzanine via previous plans discovered during due diligence