Get In Touch | Call Us: 1300 655 615 |
The Hear the latest weekly insights into the property market via podcast by Rich Harvey, CEO and founder of Propertybuyer. |
Listen to many more |
Circa $2.7M
Edgar is representing an overseas family office group, and they approached us to advise and source their first Commercial Investment property in QLD. They were initially looking for a set&forget investment to build a larger property portfolio. After our consultation and during the search process we identified Brisbane trade-coast to be the ideal location to buy in. With low stock of quality tenanted investments across the Eastern seaboard we extended the radius to from Sydney, through Gold Coast and Brisbane. Using my network of contacts and Agents, I uncovered an ideal off-market quality Industrial warehouse in the tightly held Brisbane trade-coast suburb just 5/ 10 mins to Brisbane Airport. The property features a 5+5 year lease to an International Tenant, 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. Edgar’s group are thrilled with the result and we trust this commercial asset acquisition will greatly benefit the future of their property portfolio.
Our client mandate: As a director of an overseas family office, our client mandate was to source a set & forget, low maintenance tenanted commercial investment with a solid tenant paying for all outgoings and returning a combined (yield+growth) of 10%. This property is perfect for the group needs setting them up with a secure investment to grow their portfolio as it requires very low-maintenance due to the ten-year lease and the high-class tenant.