BRAND NEW INDUSTRIAL PROPERTY IN BRISBANE

The Details

We purchased 3 of these off-market properties in this block for our clients varying from $550,000 to $990,000 with our strong agent relationships.

Location: Brisbane

Type: Off-Market Commercial

Purchase Price: $645,000

Net Rent: $35,475

Net Yield: 5.5%

Cashflow: $29,000 per year (70% loan @ 2.5%)

Lease: 5 + 5 year lease

Floor Space: 108 sqm ground with 40 sqm mezzanine

Fresh 5-year lease

Great depreciation as it is a new build

Very low vacancy in region (only 3kms from Brisbane CBD)

Tenant is an established coffee roaster with an expensive fit out

Very versatile premises for potential future tenants