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Circa: $5.5M
Jamie is a returning client looking to grow his existing portfolio with a 3rd Commercial investment property. Having a large residential property portfolio, his goal was to purchase a solid, low-maintenance investment that would provide both income security, growth and a 6% net yield. Using my network of contacts and Agents, I uncovered an ideal quality near-new large Industrial freehold duplex in a strategic location close to Brisbane airport. There are 2 tenants, one with a 5+5 year lease and strong 3.5% annual increases providing a low-maintenance, stable and secure income to our client. The 2nd tenant is a global giant on a 3+3 year lease and with a below market rent there is a an upside of increased rental and capital appreciation in a relatively short time- period. The rental return is 6.01% net with strong depreciation benefits given the estate is nearly-new. We swiftly negotiated price, terms and conditions to suit our and conducted extensive DD. Jamie is thrilled with the result and we trust this commercial asset acquisition will greatly benefit the growth of his property portfolio.