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Circa: $5.3M
Martin is a first time commercial investor who has been referred to me to purchase a value-add Commercial Investment property in Brisbane. His goal was to purchase a large industrial low-site coverage asset, offering a good rental yield and a greater upside in the next 1-2 years up to $5.5m. With low stock of quality tenanted investments, I recommended 3 properties in Brisbane, we missed out on the 1st one and went close to another 2. Then uUsing my network of contacts and Agents, I uncovered an ideal site in the growth south-Brisbane corridor. The Owner is doing a 2year leaseback and today the asset delivers a 6.44% net yield, with strong CPI annual increases providing a low-maintenance, stable and secure income to our client. The rental return is projected to shoot up to 7.75% in 2years time! We swiftly negotiated price, terms and conditions to suit our client and conducted extensive DD. Martin is over the moon with the result and we trust this commercial asset acquisition will greatly benefit the growth of his property portfolio.