Two Tenants for the Price of One!

The Details

Location: Brisbane, QLDT

Type: Commercial

Purchase Price: $750,000

Net Rent: $40,000

Net Yield: 5.33%

Cashflow: $25,500 per year (70% loan @ 2.5%):

Lease: 2 year lease + 1 yr option & 1 year lease + 1 yr option

Leasable Area: 250m2

Two great tenants, sharing office and warehouse space separately

Negotiated $50k off asking price during DD as outgoings were being charged incorrectly

Great parking allocation in a secure complex

Tenants have been in place since 2014 & 2018 respectively

Outstanding location within 10kms from Brisbane CBD and 4kms from Brisbane Airport