Freestanding Industrial with Subdivision Potential

The Details

Location
Brisbane, QLD
Type
Industrial
Purchase Price
$2,795,110
Rent
$156,087 p/a
Yield
5.58%
Cashflow
$33,909 (70% loan at 6.5%)
Total Return (incl. capital gains)
$173,665 (cashflow + 5% growth)
Lease
Tenant 1 Leased until 2027 with options. Tenant 2 Leased until end of 2027 with no further options
Total Area
858 sqm of building on 1,541 sqm of land

Why We Love This Property

  • 2 tenants split across 3 units
  • Well established and well known local businesses
  • Very versatile premises mitigating future vacancy risk
  • Ability to subdivide in the future
  • Located right across from Bunnings
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