Property Details
Building type: Industrial
Building area: 4,110m2
Land area: 6,763m2
Purchase Details
Purchase price: $13.228 million
Net passing yield: 5.43%
$/m2 building area: $3,218/m2
$/m2 land area: $1,956/m2
Property Features
- 5-year-old building with depreciation benefits.
- Tilt-panel construction, with two-level office & showroom.
- Multi-tenanted property, leased to long-standing local occupiers.
- Considerable on-site carparking.
- Located in the tightly held suburb of Brendale.
Tenancy Details
WALE: 1.9 years
Net income, pa: $704,585 pa
Net income, building area, sqm: $171.43 p/sqm
Tenancies: Two tenants
How Did Prosper Group Assist Their Client?
Prosper Group were engaged by a Sydney-based family office who has been a long term client, wanting to purchase a Brisbane Industrial property. The purchased property was presented to Prosper Group as an off-market opportunity.
Located in Brendale in Brisbane’s north, the property was an excellent opportunity to purchase a modern, multi-tenanted Industrial facility offering upside by increasing rents to market in the short term. The properties’ quality and presentation was confirmed through Prosper Group’s stringent Due Diligence standards.
Being an off-market process, Prosper Group were able to manage the acquisition to our client’s advantage— ensuring thorough investigation and informed decision-making for a seamless purchase experience.