Our valued client was looking for a high yielding secure investment as a first commercial property. They already had a large residential portfolio and they needed to boost their income. This investment was the perfect fit as it is located in a capital city, had a 4.5 year WALE and the tenant was in the cold storage industry, which is a good defensive style of tenant for all economic conditions. This was a high quality building with an expensive fit out for the tenant. After completing the due-diligence we came to the conclusion it would be difficult and costly for this tenant to move. The property was also located in a high growth corridor which should increase the chances of stronger than normal capital over the coming years.

‍