Can't-Miss Versatile Site in Hot Central Location

The Details

Location: Brisbane, QLD

Type: Off Market Industrial Warehouse

Purchase Price: $618,500

Net Yield: 5.83 %

Cashflow: $9,466 (70% loan at 6.5%)

Lease: 3-year lease ending April 2025 with 1 x 3-year renewal option

Total Area: 190 sqm (building) + 300 sqm (floor space)

WHY WE LOVE THIS PROPERTY:

Versatile floor plan

Under rented with potential to significantly increase income and value

High truss clearance (7m) + 5m roller door + 3 phase power

Secure complex with electronic gate

17 km to the Brisbane CBD and 33 km to the Brisbane Airport