Purchased

Well-known and fully leased retail/childcare asset!

  • Net Return $921,000 p/a
  • 11 tenancies
  • Opportunity to subdivide

Building Type: Retail
Building Area: 5,463m2

NLA: 1,790m2
WALE: 6

How we helped this client

This well-known fully leased retail/childcare asset was purchased off-market by Rethink Investing Pty Ltd on behalf of our valued long term client for $13.45million.This is their fourth purchase through Rethink Investing. Our dedicated team completed all the due diligence on this property, which had some minor challenges in trying to work out the true net return. That aside this was a smooth purchase with a great end result for the client. The numbers worked out great with being a near 7% net return in a quality Brisbane suburb. Returns like this are very difficult to find in this hot market.

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