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Circa: $1.1M
Raghu & his wife are investors who engaged us to purchase a Commercial Investment property within their SMSF in QLD. Having a residential property portfolio, 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, I recommended 3 properties in Brisbane, but Horatio was okay not overly happy. Using my network of contacts and Agents, I uncovered an ideal quality brand-new Industrial unit in the growth south-Brisbane corridor. The tenant has just signed a 5+3 year lease and strong CPI annual increases providing a low-maintenance, stable and secure income to our client. The rental return is 6 % net with strong depreciation benefits given the estate is brand-new. We swiftly negotiated price, terms and conditions to suit our and conducted extensive DD. Raghu& his wife are thrilled with the result and we trust this commercial asset acquisition will greatly benefit the growth of his property portfolio.