Building type: Industrial
Building area: 2,088m2
Land area: 3,248m2
Purchase Details
Purchase price: $6.4 million
Net passing yield: 5.74%
$/m2 building area: $3,066/m2
$/m2 land area: $1,970/m2
Property Features
- Free-standing, tilt-panel warehouse.
- Corporate-grade offices, fit out by the tenant.
- Purchased via a Sale & Leaseback from the long-term owner.
- Located in the tightly held suburb of Brendale.
Tenancy Details
WALE: 5 years
Net income, pa: $367,500 pa
Net income, building area, sqm: $176.04 p/sqm
Net income, site area, sqm: $113.15 p/sqm
Tenancies: Single tenant
How Did Prosper Group Assist Their Client?
Our client was referred to us by their accountant as they were seeking to make their first commercial property purchase. Several options were considered, with the eventual property presented off market through an industry contact.
Located in Brendale in Brisbane’s north, the property was an excellent opportunity to purchase a freestanding, tilt-panel warehouse from the long-standing owner via a sale & leaseback process. Prosper Group negotiated both the sale and lease terms, resulting in the purchase price being below the formal valuation.
Considerable market research and a stringent due diligence process provided the confidence the client was seeking.
What Our Client Had to Say:
"We engaged Prosper Group to assist us with the purchase of a commercial investment property and the experience was exceptional. Their team demonstrated a high level of professionalism, expertise and genuine market knowledge from start to finish.
They guided us through every stage — from strategy and sourcing to due diligence, negotiation and settlement — and kept us well informed throughout the process. Their advice was clear, practical and well-supported, giving us confidence that we were making the right investment decision.
What really stood out was their approach to relationship-building. It never felt transactional — the team genuinely focused on understanding our long-term goals and helping us build a foundation for future investments. They were personable, easy to deal with and always proactive in communication.
We are extremely pleased with the outcome and wouldn’t hesitate to recommend Prosper Group to anyone looking for a high-quality buyers agency for commercial property."