57 Nestor Drive, Meadowbrook, QLD

Property Details
Building type: Industrial
Building area:  900m2
Land area: 1,501m2

Purchase Details
Purchase price: $1.75 million
Net passing yield: 4.91%
Net market yield: 5.91%
$/m2 building area: $1,944/m2
$/m2 land area: $1,165/m2
Property Features

  • Tilt panel Industrial complex.
  • 10 onsite car spaces.
  • Close to Logan Motorway and M1 Motorway.
  • Secure fencing and lockable gates.


Tenancy Details
WALE: 3.7 years
Net passing income, pa; $85,936
Net passing income, $/m2; $95.48/m2
New market income, pa: $103,500
New market income, $/m2: $115
Tenancies: Single tenant

 

 

How Did Prosper Group Assist Their Client?

Having not invested in commercial property prior, our family office client wanted to start their portfolio with a small purchase, with the plan to increase the budget after this purchase.

After an extensive search and several close misses in Auction and Expressions of Interest campaigns, Prosper Group were able to secure this Industrial investment off market.

Not only is it hard to source a quality sub $2m free-standing Industrial asset, even better, Prosper Group did so on an asset with add value potential. Through our analysis, this opportunity presented a future uplift in rent as this property is currently under-rented due to the lease being negotiated during the initial COVID lockdown in 2020.

Despite COVID restrictions and state border closures preventing Prosper Group from travelling to Queensland, Prosper Group’s strong relationship with property consultants and extensive experience meant the due diligence was able to be conducted remotely and efficiently.

Prosper Group’s client was very happy to have secured this property in an extremely competitive Brisbane market where investor demand for Industrial properties is extremely high.

  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.  

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, 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