Value Add Industrial Opportunity in Highly
Sought After Location

The Details

Location: Brisbane, QLD

Type: Commercial

Purchase price: $800,000

Net rent: $36,664.68 on current month to month lease
(Circa $50k on current market rent)

Net yield: 4.58% or 6.25% net at market rent

Cashflow: $16,000 (70% loan at 6.5%)

Lease: Current tenant on month to month and advised they are leaving. Allows new owner to find a tenant on a longer lease at a much higher rent

Total area: 210 sqm

Located in a growing suburb north of Brisbane

Container height electric roller shutter access

5 x exclusive use parking bays located at the front and rear of the unit

Utilised one of our recommended brokers to assist the client to secure the property as a going concern with a short term lease in place

Ability to add value through re-leasing at a higher rent