Building type: Industrial
Building area: 1,077m2
Land area: 8,446m2
Purchase Details
Purchase price: $13.2 million
Net passing yield: 5.00%
$/m2 building area: $12,256/m2
$/m2 land area: $1,563/m2
Property Features
- Prime Australian Trade Coast location.
- Low site coverage facility with secured concrete hardstand.
- Facilities include corporate grade offices, high bay warehouse with a gantry crane and a wash bay.
- Leased to a reputable national tenant on a new lease.
Tenancy Details
WALE: 7 years
Net income, pa: $660,000 pa
Net income, building area, sqm: $612.81 p/sqm
Net income, site area, sqm: $78.14 p/sqm
Tenancies: Single tenant
How Did Prosper Group Assist Their Client?
Acting on behalf of a repeat high-net-worth client, Prosper Group were provided this opportunity prior to the commencement of an off-market EOI campaign.
Knowing the uniqueness of an Industrial property in Brisbane’s Trade Coast with only 13% site coverage and the balance as concrete hardstand, we immediately commenced our Due Diligence to place our client in the best position for the off market EOI campaign.
The properties improvements includes; hardstand facility, high-bay warehouse equipped with a gantry crane and corporate-grade office accommodation. The property’s quality ensured it met Prosper Group’s rigorous due diligence standards.
Acquired via a sale and leaseback arrangement with the sitting tenant, Prosper Group were able to undertake all key due diligence procedures prior to the closure of the EOI period, ensuring the best possible position to secure the purchase for the client.
What Our Client Had to Say:
"It has been great to work together again on another fantastic Industrial purchase.
The recommended strategy and approach you implemented for the EOI campaign produced a fantastic achievement.
As someone who follows the commercial market themselves, properties like this do not come about often, I am grateful for your assistance in helping me secure it. Thank you."