BLUE CHIP INDUSTRIAL LOCATED IN SUBURB EARMARKED FOR MAJOR REDEVELOPMENT

The Details

Location: Brisbane CBD, QLD

Type: Off Market Commercial

Purchase Price: $1,325,000

Net Rent: $68,500

Net Yield: 5.2%

Cashflow: $43,500 per year (70% loan @ 2.5%):

Lease: 3 + 1 year lease

Net Leasable Area: 400m2

Negotiated $75k off the original asking price

New property in existing run-down industrial suburb earmarked for huge redevelopment spend

5 minutes from Brisbane CBD

A great mix of residential and industrial

High clearance height and suspended slab mezzanine

Secured off-market thanks to an outstanding relationship with the selling agent