21 Babdoyle Street, Loganholme QLD

Property Details
Building type: Industrial
Building area:  3,082m2
Land area: 4,882m2

Purchase Details
Purchase price: $5.5 million
Asking price: $5.7 million
Net passing yield: 6.13%
$/m2 building area: $1,784/m2
$/m2 land area: $1,126/m2
Property Features

  • Modern tilt-panel warehouse.
  • Loading dock & dual access points.
  • Potential to subdivide into two tenancies.
  • Located close to M1 and Logan Motorway.

Tenancy Details
WALE: 1 year
Net income, pa; $337,040
Net income, $109/m2
Tenancies: Single tenant



How Did Prosper Group Assist Their Client?

One of Prosper Group’s long term High Net Worth clients who we have assisted in purchasing 5 commercial investments to date, entrusted Prosper Group again in assisting their son with his first commercial investment, further expanding the family’s portfolio.

Through Prosper Group’s solid reputation and long term relationships with Brisbane Industrial agents, this off-market opportunity was sourced before it was presented to any other buyers. Prosper Group assisted their client in acting quickly and confidently to negotiate agreed terms and an exclusive due diligence period to take the property off the market.

In a market where net yields were being compressed by strong investor demand, Prosper Group identified the value in this properties short term WALE and strong property fundamentals. The properties strong fundamentals would be appealing to a broad range of tenants. Combined with the current strong leasing market and lack of similar properties for lease in the surrounding area, this gave their client confidence with the upside should the property need to be re-leased and achieving a higher net yield than current market net yield.

  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