Purchased

Large industrial complex with international tenant

  • $182,000 pa + GST + Outgoings
  • Long standing tenant since early 2000
  • Secure asset with 6-month bank guarantee

Building Type: Industrial Complex
Building Area: 2,185sqm

Land Area: 4590m2
WALE: 3

How we helped this client

Our valued client was only looking for off-market freehold industrial assets in a metro market. There was also a need to have a minimum WALE of 3 years to help with lending. This was a tough task in a hot market but we managed to use our superior industry contacts to secure this premium asset off-market. We purchased at a near 7% net yield in a market where 6% was difficult to achieve. Due to this strong purchasing our client should already have equity built up from day one.

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