3 Mineral Sizer Court, Narangba, QLD

Property Details
Building type: Industrial
Building area: 2,563m2
Land area: 5,339m2

Purchase Details
Purchase price: $4,035,000
Net passing yield: 6.84%
$/m2 building area: $1,574/m2
$/m2 land area: $756/m2

Property Features

  • 100% leased to Australia Post
  • Brand new tilt panel building
  • Good internal height
  • Good hardstand area and truck manoeuvrability.
  • Located in a growth area
  • Located 1km from the M1 motorway

Tenancy Details
WALE: 4.9 years
Net passing income: $275,964
Net income, $/m2: $107/m2
Tenancies: 100% leased to one tenant




How Did Prosper Group Assist Their Client?

Prosper Group’s client had an original investment brief to purchase an industrial investment in Sydney for under $5 million and close to a 7% net yield return. Due to the lack of good opportunities and the low yields in Sydney, Prosper Group advised their client to consider this property in Brisbane.  Initially their client was hesitant to invest in a market which they had no knowledge or experience.  Prosper Group with their years of experience in both Sydney and Brisbane gave their client the comfort to proceed with the purchase.

The main value to their client was that if they purchased this type of investment with; such a strong tenant (Government), new building, and great location in Sydney, then the purchase price would have reflected a net yield of between  5% and 6%.

This was a considerable saving of between $500,000 and $1,500,000.

The purchase of this property also offered their client diversification within their commercial portfolio as all the existing properties were located in Sydney. This not only diversified their portfolio risk across two capital cities in Australia but also provided land tax benefits.

  We could have gone all year looking and searching. We are positive we could not have found a better home that suits our needs. Thank you again for providing a service that we will only ‘sing it’s praises'!  

Sharon & Lloyd

Northbridge, NSW

  We have never experienced the level of property management and confidence that you give us.  

Kaye & Michael

Fairlight, NSW

  Prosper Group made what could have been a taxing and draining process of selling and buying houses a rewarding and enjoyable experience.  

Michael & Edwina

Turramurra, NSW

  We would like to send you a huge thank you for your assistance with our rental properties. You are always extremely helpful, professional and execute everything with a wonderfully positive attitude.  

Ian & Terry

Darling Point, Maroubra & Annandale, NSW

  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.  


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.  


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.  


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, NSW

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

Carolyn & Anthony

Brisbane, QLD

  Highly recommend Prosper Group. They were highly professional, knowledgeable and flexible when our brief changed! Also a pleasure to work with and we’re thrilled with our result.”  

Lou & Angus

Mosman, NSW