Freestanding Industrial with a Long Term National Tenant

The Details

Location: Brisbane, QLD  

Type: Off Market Commercial 

Purchase Price: $1,200,000

Net Yield: 6.25%

Cashflow: $17,400 (70% loan at 6.5%)

Lease: 2 year lease with 2 x 3 yr options

Total Area: 750m2 of building on 1,210m2 of land 

WHY WE LOVE THIS PROPERTY:

Long term and national tenant who has been here 20+ years

Recession proof business

Located within a major growth corridor north of Brisbane

Negotiated $43k off during due diligence for future building works

Tenant also leases next door locking them to this location long term

Extensive spray booth fit out which is hard to replace