Purchased

Acquired for one of our clients – A rare 923 sqm freehold asset at this price point with an exceptional yield of 7.2%.

The client, a seasoned investor, looking to purchase their second commercial wanted a freehold asset with a high yield. The client knew this would be tough brief given the price point, however our acquisition team found a gem, the key was to make a quick decision and put the property under contract. An established baker, the tenant has just exercised the option of his lease expiring in July 2029.

Key Highlights

– 927sqm freehold
– NLA 343sqm
– 14 car bays + overflow
– Net rent $82,992pa + Outgoings + GST
– Purchase Price $1,150,000
– Established tenant
– Frontage to two streets
– Future development site with beneficial access

Building Type: Medical

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