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"..Thrilled with the result and we trust this commercial asset acquisition will greatly benefit the future of his property portfolio.... "
Location: Brisbane
Price: Circa: $700,000
Buyer type: Commercial
✓ Location: Brisbane, QLD
✓ Buyer Type: Commercial Investor
✓ Rental return: 5% net
✓ Land Area: 174m2
✓ CPI annual increase: 4%
✓ Lease Term: 3 years
✓ Tenant: Local established Tenant
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
Propertybuyer Brisbane
Suite 3135
3 Parkland Boulevard
Brisbane City QLD 4000
Australia
Propertybuyer Inner West, South Sydney & CBD
Level 17 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 17 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