Purchased

Entry-level commercial deal

  • Annual income of $55,000pa net + GST
  • Ideal Loganholme location, situated between Brisbane and the Gold Coast
  • Modern freehold retail/showroom property

Building Type: Retail
Building Area: 143m2

Land Area: 304m2
WALE: 

This is our clients’ first purchase with Rethink Investing. The property was purchased without a tenant in place, which should be noted is outside our standard process. However, with our knowledge of the leasing market, we were confident that a tenant would be found within months. The great news was found within weeks! Resulting in an almost 8% yield in Brisbane. The capitalisation rate of this local market is about 6.5%, indicating we have purchased the asset 23% below market value. A lovely result for our client!

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