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Circa $700k
Kristen & Chris is a SMSF buyer who approached us to source their first Commercial Investment property. He was looking for a low maintenance set&forget investment to build a larger property portfolio. With low stock of quality tenanted investments below $1m across the Eastern seaboard we extended the radius to from Sydney, through Gold Coast and Brisbane. During the search process we identified very few opportunities that were getting snapped up by cash buyers. Using my network of contacts and Agents, I finally uncovered an ideal off-market quality Industrial warehouse in the tightly held Brisbane suburb of Geebung. The property features a new 3year lease to a local established Tenant, with strong 4% CPI annual increases providing a low-maintenance, stable and secure income to our client. We managed to persuade the Vendors to accept our conditions and price $50,000 below its intrinsic value if it was vacant, due to the existing lease. We conducted extensive DD prior to exchange and Chris is thrilled with the result and we trust this commercial asset acquisition will greatly benefit the future of his property portfolio.
Level 29 Chifley Tower
2 Chifley Square
Sydney NSW 2000
Australia
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Propertybuyer Inner West, South Sydney & CBD
Level 29 Chifley Tower
2 Chifley Square
Sydney NSW 2000
Australia
Suite 2201, Level 22, Tower Two
Westfield Bondi Junction
101 Grafton Street
Bondi Junction NSW 2022
Australia
Propertybuyer Northern Beaches / Northern Suburbs
Suite 2
47-49 The Centre
Forestville NSW 2087
Australia
Propertybuyer Newcastle / Hunter Valley
4 Orana Crescent
Adamstown Heights
Newcastle NSW 2289
Australia
Suite 3135
3 Parkland Boulevard
Brisbane City QLD 4000
Australia
Propertybuyer Inner West, South Sydney & CBD
Level 29 Chifley Tower
2 Chifley Square
Sydney NSW 2000
Australia
Suite 2201, Level 22, Tower Two
Westfield Bondi Junction
101 Grafton Street
Bondi Junction NSW 2022
Australia
Propertybuyer Northern Beaches / Northern Suburbs
Suite 2
47-49 The Centre
Forestville NSW 2087
Australia
Propertybuyer Newcastle / Hunter Valley
4 Orana Crescent
Adamstown Heights
Newcastle NSW 2289
Australia
Suite 3135
3 Parkland Boulevard
Brisbane City QLD 4000
Australia
The Propertybuyer
Podcast
Fri 29 Mar '24 with Rich Harvey How to build a $7 Million Property Portfolio from scratch |
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Sat 16 Mar '24 with Rich Harvey Why Invest in Melbourne? |
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Mon 26 Feb '24 with Rich Harvey Sydney’s Inner West – Hotspots and Outlook for 2024 |
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Mon 12 Feb '24 with Rich Harvey Decoding Sydney’s North Shore Market – Outlook and Opportunities. |
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Sat 27 Jan '24 with Rich Harvey Home Buying in the Eastern Suburbs – A personal journey |
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Sun 7 Jan '24 with Rich Harvey Economic and Property Market Outlook 2024 |
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