Set and Forget Multi-Tenanted Industrial Asset with Two Crossovers

The Details

Location
Brisbane, QLD
Type
Industrial
Purchase Price
$3,875,000
Rent
222,102 net per annum
Yield
5.73%
Cashflow
$50,790 (70% loan at 6.5% interest rate)
Total Return (incl. capital gains)
$244,540 (cashflow + 5% growth)
Lease
Unit 1 and 2 leased until 2028 with 1 yr option, Unit 3 being extended until 2029 with 1 x 3r option, Unit 4 leased until 2029 with 1 x 5 yr option

Why We Love This Property

  • 3 tenants across 4 units
  • Different lease terms protecting downside on income if vacancies arise
  • Corner block with direct warehouse access from each street
  • Undercover parking allocations
  • Corporate office fit-out suitable for blue chip tenants
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