Well-positioned industrial asset with dual leases
This industrial asset was recently acquired on behalf of one of our valued clients. The property is well-positioned in Brisbane’s inner-north with dual tenant leases; complementary businesses for stone, tiling, construction and interior design. Our client was after an off-market industrial asset within the competitive Brisbane market.
We looked over a number of assets before landing this large freehold dual-tenanted investment. We expect some rapid capital growth as the market tightens under increasing demand and limited supply.
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Purchasing Costs
Key Highlights
• Building Area: 6,070m2
• NLA: 2,290m2
• Net Return $334,000 p/a
• 36% site coverage in Brisbane LGA
• 2 tenancies
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