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.
Alberto Da Grava
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