The Details
Location
Moreton Bay, QLD
Type
Medical
Purchase Price
$4,250,000
Rent
$225,203
Yield
5.29%
Cashflow
$41,828 (70% loan at 6.5%)
Total Return (incl. capital gains)
$254,328 (cashflow + 5% growth)
Lease
5 year lease expiring 2029 with potential options until 2039
Total Area
576 sqm Net Lettable Area
Why We Love This Property
- Head lease extended to 28 February 2029 with tenant wanting to add 2 x 5 yr options
- High exposure corner block
- Complicated gross leases and sub leases expertly unpacked by DD team
- Permitted medical practice use with associated services
- Subleasing permitted to diagnostic (X-Ray) and pathology operators
Other Recent Acquisitions
IndustrialLocation:Moreton Bay, QLDNet Yield:5.77% net currently and 6.3% net at market
