14 Business Dr, Narangba QLD

Property Details
Building type: Warehouse
Building area:  3,100m2
Land area: 5,794m2

Purchase Details
Asking price: $6.2 million
Purchase price: $6.0 million
Net passing yield: 6.0%
$/m2 building area: $1,935/m2
$/m2 land area: $1,035/m2
Property Features

  • Modern tilt panel building with high power supply
  • Located 2km to M1 Motorway
  • Lease back with a brand new 5 year lease


Tenancy Details
WALE: 5 years
Net income, pa; $360,000
Net income, $116/m2
Tenancies: 100% leased to 1 tenant

 

 

How Did Prosper Group Assist Their Client?

The property search that Prosper Group conducted for their client involved considering many industrial investments in Brisbane most of which did not meet Prosper Group’s stringent investment fundamentals and their client’s criteria.

During the property search there was a strong demand from investors for industrial investments and a lack of supply of good investment opportunities. Regardless of the market conditions Prosper Group sourced this property off-market with their client being the only buyer to consider this property.

After being involved in several potential transactions with this client that did not proceed, due to Prosper Group’s stringent due diligence process, this property passed the process and the property was secured.

This is the second purchase Prosper Group has purchased on behalf of this client.  They now have an industrial property investment portfolio that will provide them with a great cashflow and a solid base to add to in the future.

  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