2 Kingsbury Rd, Brendale QLD

Property Details
Building type: Warehouse
Building area:  3,240m2
Land area: 2,651m2

Purchase Details
Asking price: $6.5 million
Purchase price: $6.2 million
Net passing yield: 6.3%
$/m2 building area: $1,915/m2
$/m2 land area: $2,341/m2
Property Features

  • Brand new building
  • 2 street frontages
  • Designed to accommodate two separate tenancies
  • 100% leased to international company
  • Long term 6 year lease

Tenancy Details

WALE: 6 years
Net income, pa; $405,000
Net income, $/m2; $125/m2
Tenancies: 100% leased to 1 tenant

 

 

How Did Prosper Group Assist Their Client?

Through Prosper Group’s industry contacts they sourced this property off market before it was advertised to the general market.

As part of Prosper Group’s thorough due diligence process they identified that the tenant was potentially not required to have any annual rent increases in the two five year option terms. This was a potential risk of over $300,000. Prosper Group negotiated for a variation of the lease to be completed prior to settlement.

  We’re convinced that no other buyers agent offers such an unbiased and educated view on property investment as Prosper Group does.  

Mahlah Ludekens

Director - RecruitR

  The Prosper Group Team has managed our property in the most professional and dedicated manner.  

Lisette

MacMahons Point, NSW

  In all my dealings with Prosper Group I have felt the team really cared about the result, cared about the property and cared about our business relationship.  

Michelle Collins

Coogee, NSW

  It was like having a partner who was on my side – we had many discussions about all aspects of the property.  

GR

Managing Director - Paragon Crest Pty Ltd

  Without Prosper Group's help, persistence and expertise, we would not have found our ideal home.  

Alice & Jackson

  Prosper Group's negotiation skills reduced the price from $1,500,000 to $1,175,000.  

J.B.

Company Director & Investor

  Meticulous, thoroughly professional, very patient. A pleasure to deal with.  

E. Cassimatis & Family

  The value was returned in spades. I secured a great home that I would never have been able to find myself.  

Alan Arakelian

CFO - Bain and Associates

  Prosper Group was great. They were patient and found me the right property at the right price. I could not have asked for a better experience.  

Sascha Bannon

Surry Hills

  Thank you Prosper Group for all your hard work; you have found us an investment property that ticked all the boxes  

Carolyn & Anthony

Brisbane