The Details
Location
Moreton Bay, QLD
Type
Industrial
Purchase Price
$9,100,000 Going concern
Rent
$525,712.95 per annum and $575,000 per annum at market
Yield
5.77% net currently and 6.3% net at market
Cashflow
$161,663 per annum (70% LVR at 6.5% interest rate)
Lease
Multi-tenanted industrial complex with varied lease expiries from 2026 to 2029 and options
Total Area
3,178 sqm net lettable area; 6,438 sqm site area
Why We Love This Property
- Multi-tenanted industrial complex with 12 income streams
- 3,178 sqm net lettable area across 11 strata lots plus hardstand
- Large 6,438 sqm base parcel including common property
- 58 onsite car spaces provided
- Survey already done to strata title the complex which will add $2m in value!
- Annual rental reviews across multiple tenancies
