Purchased

High-yielding Industrial With Upside

  • NET Annual income of $142,552 p.a + GST (after rental management and land tax)
  • 4 year lease with annual CPI increases
  • Proven tenant with 15 locations

Building Type: Industrial
Building Area: 917m2

Land Area: 2,750m2
WALE:

This is our clients first purchase with Rethink Investing. They were looking for a high yielding investment with upside. This property had a great initial yield plus it was under rented. This means there is upside in the numbers once the lease expires. The due-diligence uncovered some small discrepancies with the numbers which allowed us to negotiate another $30,000 off the price.



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