Purchased

Triple income asset with development opportunities

  • $74,770 annual net rental + GST + Outgoings
  • Long term tenants with three separate incomes
  • Development & rent increase opportunities

Building Type: Retail Development
Building Area: 1,000m2

Land Area: 7,870m2
WALE: 3

How we helped this client

Our valued client was looking for two main things: a high yield and a value-add opportunity; this gem of an asset had both. A significant value-add opportunity was evident, which would involve improving one of the tenant’s buildings to facilitate more customers to enter the site, and once this is completed, it will allow the client to charge more rent. Being located in a growth corridor in Queensland will help the value appreciate faster than trend growth for the area.

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