Purchased

Off-Market A-Grade Freehold Investment

  • NET Annual income of $446,114.49.a + GST (this is after rental management and land tax)
  • Diverse Income Profile: The diverse mix of tenants also comes with aggressive rental increases of 4% or higher with CPI.
  • Location: Brendale, QLD

Building Type: Mixed
Building Area: 2,812m2

Land Area:4,132m2
WALE: 2.5 years

We secured this commercial investment off-market on behalf of our client. The A-grade office/warehouse facility is of modern concrete tilt-panel construction, with a total Gross Lettable Area (GLA) of 2,812m2 situated on a 4,132m2 allotment. The complex is occupied by nine tenants across nine (9) separate units, with the potential to be strata-titled in the future (Subject to Council Approval). These units range from 193sqm to 428sqm respectively and comprise a combination of office, warehouse and retail uses. Why do we like this deal? It’s a high grade building built in 2008 and there is significant upside due to two reasons; 1) Opportunity to strata title for profit (STCA) and, 2) Circa 30%-35% upside in the rents due to them being leased well below current market value. This will give the asset significant future rental income & capital growth.

More properties

hull
winda