Trophy Asset with National Tenant in SEQ Growth Corridor

The Details

Location
Moreton Bay, QLD
Type
Industrial
Purchase Price
$4,100,000 Going concern
Rent
$215,321.86 net per annum
Yield
5.25%
Cashflow
$58,772 (70% LVR at 6.5% interest rate)
Total Return (incl. capital gains)
$263,772 (cashflow + 5% growth)
Lease
7 year lease expiring Jan 2030 with 2 x 5 yr options
Total Area
1,126 sqm
Vacancy Rate
0.64%

Why We Love This Property

  • High-quality industrial asset with substantial fitout
  • Large 1,126 sqm net lettable area
  • Secure 7-year lease commenced 2023 with options until 2040
  • Main road exposure and surrounded by national tenants
  • Triple net lease
  • Bank guarantee equivalent to 6 months rent plus GST
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