Off-Market A-Grade Freehold Investment
We secured this commercial investment off-market on behalf of our client. The A-grade office/warehouse facility is of modern concrete tilt-panel construction, with a total Gross Lettable Area (GLA) of 2,812m2 situated on a 4,132m2 allotment. The complex is occupied by nine tenants across nine (9) separate units, with the potential to be strata-titled in the future (Subject to Council Approval).
These units range from 193sqm to 428sqm respectively and comprise a combination of office, warehouse and retail uses. Why do we like this deal? It’s a high grade building built in 2008 and there is significant upside due to two reasons; 1) Opportunity to strata title for profit (STCA) and, 2) Circa 30%-35% upside in the rents due to them being leased well below current market value. This will give the asset significant future rental income & capital growth.
report, bank fees)
Purchasing Costs
Key Highlights
• Building Area: 2,812m2
• Land Area: 4,132m2
• NET Annual income of $446,114.49.a + GST (this is after rental management and land tax)
• Diverse Income Profile: The diverse mix of tenants also comes with aggressive rental increases of 4% or higher with CPI.
• Location: Brendale, QLD
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