The Details
Location
Brisbane, QLD
Type
Office/Warehouse
Purchase Price
$3,675,000 (going concern)
Rent
$200,766 p.a.
Yield
5.46%
Cashflow
$25,515 (70% LVR @ 6.5% interest rate)
Total Return (incl. capital gains)
$209,265 (Cashflow + 5% growth)
Lease
Unit 4: 5-year term from settlement; $96,040 p.a. + GST; 3.5% fixed annual reviews. Unit 5A: 2.5-year term 13 Mar 2024–7 Sep 2026; $31,645.72 p.a. net + GST; annual reviews lesser of CPI or 3%. Unit 5B: 3-year term from settlement; $73,080 p.a. + GST; 3.5% fixed annual reviews
Total Area
744 sqm (Lot 4: 343 sqm; Lot 5: 401 sqm)
Why We Love This Property
- Multi tenanted
- Annual fixed rental increases
- Partitioned & open-plan areas
- Light industrial zoning
- Fully secure complex with ample onsite parking.
