Set&Forget Investment with long lease to long-standing Tenant
✓ Location: Brisbane, QLD
✓ Buyer Type: Commercial Investor
✓ Annual Net Rent: $100,750 Net + Outgoings + GST
✓ NLA: 403m2 + 9 car spaces
✓ Lease Term: 5+5 years lease to 2023
✓ Increase: 4%
✓ Tenant: NDIS in occupation for 14 years
Client COmments:
Propertybuyer has just been awarded buyers agency of the year from REINSW Awards for Excellence and I can see why, especially when they have a team of buyer's agents like our man Alberto Da Grava! From the time we met Alberto until the end of settlement day we found him to be happy & friendly, punctual, trustworthy, very informative and extremely helpful. We were overseas for a period and Alberto even answered our messages in the middle of the night!! Alberto has exceptional negotiation skills and managed to save us nearly $100,000 which we were able to use some to pay for Propertybuyer's commission and added expenses. Every hurdle we came to Alberto went above and beyond to solve the issues and answer our questions which we encountered many including the contract, lease and ongoing communications with the solicitors. If you're thinking of using a buyer's agent to buy a commercial property anywhere from Sydney to Brisbane and beyond this guy is your man. We highly recommend Propertybuyer Sydney as the whole team gives 110%!!!
Client - Liz
buyers advocate comments:
Liz & Grover are experienced Northern NSW/SEQ property investors, however they approached us to advise and source their first Commercial Investment property. They were initially looking for a very high yielding property 7%net+, and after our consultation and during the search process they realised that ,at their life stage, income security and stability are as important as a good net yield. With low stock of quality tenanted investments across the Eastern seaboard, we extended the radius from Canberra through Sydney to Brisbane. I recommended an Industrial unit in Northern NSW, then we put a SEQ property under-contract from which we pulled-out during DD as we were not happy with some searches results. Using my network of contacts and Agents, I uncovered an ideal off-market quality Industrial Business unit in the tightly held Brisbane trade-coast suburb just next to the Airport. The property has a long-standing Tenant in occupation since 2009 who has just signed a new 5+5year lease with strong 4% annual increases providing a low-maintenance, stable and secure income to our clients. We managed to persuade the Vendors to accept our conditions and price for this great asset and conducted extensive DD prior to exchange. Liz&Grover are thrilled with the result and we trust this commercial asset acquisition will greatly benefit the future of their property portfolio.
Alberto Da Grava
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