Entry-level commercial deal
This is our clients’ first purchase with Rethink Investing. The property was purchased without a tenant in place, which should be noted is outside our standard process. However, with our knowledge of the leasing market, we were confident that a tenant would be found within months.
The great news was found within weeks! Resulting in an almost 8% yield in Brisbane. The capitalisation rate of this local market is about 6.5%, indicating we have purchased the asset 23% below market value. A lovely result for our client!
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Purchasing Costs
Key Highlights
• Building Area: 143m2
• Land Area: 304m2
• Annual income of $55,000pa net + GST
• Ideal Loganholme location, situated between Brisbane and the Gold Coast
• Modern freehold retail/showroom property
Get in touch
If you’re interested in joining the lucrative world of commercial property, contact us now.