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.