Purchased

Trophy commercial asset!

  • 60 Car Spaces
  • Annual income: of $429,000pa + outs + GST
  • Main road location with excellent signage and exposure

Building Type: Commercial
Building Area: 1,735m2

NLA: 4,000m2
WALE: 5.5

How we helped this client

This is our clients first purchase with us. They are successful business people who were looking to build a reliable secondary income outside of their business. This asset was perfect for them as it will offer a genuinely strong income & capital growth proposition. As this asset is located in a thriving market. There is also upsides in the rent which can be actioned in the near future.
This magnificent multi-tenanted property was secured by Rethink Investing for our valued client. Anchored by BCF, this 1,735m2 showroom complex is made up of three fully air-conditioned tenancies, boasting approximately 130m of two street frontage and circa 4,000m2 of prime freehold land. Assets of this strength are extremely rare and are not often found with yields
above 5%.

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