Secured Long Standing Strong Tenant in Highly-Coveted Tightly-Held Location

The Details

Location: Toowoomba, QLD

Type: Commercial

Purchase Price: $2,590,000

Net Rent: $191,670

Net Yield: 7.37%

Cashflow: $86,903 per year (70% loan @ 5.5%)

Lease: Fresh 2 years lease with 3% rental increases

Total area: 5,596sqm land / 1,600sqm building

Why we love this property

Strong tenant occupied for 8 years signed a brand new 3 year lease with plans to extend for longer

Located in  highly established industrial and commercial catchment of Wilsonton and Torrington less than 15 minutes away from Toowoomba City QLD (7km away)

High quality industrial property that is in immaculate condition

This suburb is extremely tight for vacancy at the moment where owners rarely sell

Tenant also plans to expand the current warehouse which will increase the NLA and rent!