Mishal is an overseas investor who has been referred to advise and source his first Commercial Investment property in either NSW or QLD. His goal was to purchase a solid, low-maintenance investment that would provide both income security, growth and 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 Brisbane, but it sold to another Investor for a lower yield we were prepared to pay. Using my network of contacts and Agents, I uncovered an ideal quality Industrial unit in the tightly held South-Sydney precinct just next to the Port and Airport. The tenant has just signed a new 3year lease with strong 3% annual increases providing a low-maintenance, stable and secure income to our client who is looking to potentially occupy it with his own business in the near future. We negotiated price, terms and conditions to suit our buyer and conducted extensive DD prior to exchange. Mishal is thrilled with the result and we trust this commercial asset acquisition will greatly benefit the growth of his property portfolio.
