Secured a Sub-$600k Industrial Gem, Ready to Soar in a Booming Area on the Sunshine Coast

The Details

Location: Sunshine Coast, QLD

Type: Commercial

Purchase Price: $580,000

Net Rent: $22,146 (market rent $33,250)

Net Yield: 3.8% now and 5.75% net minimum in 2024

Cashflow: $19,679 (70% loan at 6.5% interest rate)

Lease: 3-year lease with two x 3-year renewal options

Total area: 167 sqm

Located within the tightest industrial market in Australia

Strong tenancy mix within the complex

Minimal vacancies

Market review due next year which will substantially increase rent

Secure tenant with lease options until 2030

Mezzanine was certified during due diligence. Potential to increase NLA to 250sqm and rent to make this a 7.76% net yield!