142 Mica Street, Carole Park QLD

Property Details
Building type: Industrial
Building area:  1,911m2
Land area: 4,802m2

Purchase Details
Purchase price: $3.7 million
Net passing yield: 5.8%
$/m2 building area: $1,936/m2
$/m2 land area: $770.5/m2
Property Features

  • Modern tilt-panel warehouse.
  • Additional hardstand area.
  • Access via 3 roller doors.
  • Ample on-site parking.
  • Located close to M1 and Logan Motorway.


Tenancy Details
WALE: 2 years
Net income, pa; $214,420
Net income, $112.20/m2
Tenancies: Single tenant

 

 

How Did Prosper Group Assist Their Client?

Off market properties like this one provide our client’s the benefit of being presented opportunities they would otherwise not have seen, this value is created by Prosper Group’s industry contacts made over the last 15+ years.

Prosper Group’s extensive knowledge and coverage of the Sydney and Brisbane commercial markets gave this Sydney based client the confidence to purchase their first commercial property in Brisbane. By providing comprehensive research and data to our client, Prosper Group was able to demonstrate that investing in the Brisbane industrial market provided 1 – 1.5% higher net yield than investing in the Sydney market. The Brisbane market also provided better quality properties at this price point.

Prosper Group were able to negotiate a higher net yield of 5.81% due to the shorter WALE of 2 years, yet providing our client with comfort by the property showing strong re-leasing potential if it became vacant in the future.

Despite the COVID restrictions, Prosper Group guided their client through the process of sourcing opportunities, negotiations, and due diligence to successfully purchase a great investment. This gave their client confidence to proceed with the transaction even though they were not able to inspect the property.

  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