266 Evans St, Salisbury QLD

Property Details
Building type: Industrial
Building area: 2,498m2
Land area: 3,938m2
Purchase Details
Purchase price: $2.55 million
Net passing yield: 9.0%
$/m2 building area: $1,021/m2
$/m2 land area: $648/m2
Property Features

  • Older style steel clad building
  • Clear span warehouse
  • Gantry crane
  • Main road exposure
  • Located 8km south of Brisbane CBD

Tenancy Details
WALE: 3 years
Net income,pa: $229,816
Net income, $/m2: $92/m2
Tenancies: 100% leased to one tenant

 

 

 

 

How Did Prosper Group Assist Their Client?

Our client’s original investment brief was to purchase an industrial investment in Sydney or the Hunter for under $3 million. Due to the lack of good opportunities and the low yields in these areas this client listened to Prosper Group’s advice and expanded their search area to include Brisbane. As a result they had more opportunities to consider from new buildings with long term leases on 7% net yields to older buildings with short leases on 9% net yields. They decided to purchase a higher yielding property with the knowledge that this high return is compensation for the additional risk of an older style building and short term lease.

 

We thank Prosper Group for their diligent and professional approach in assisting us with purchasing a commercial investment property. Prosper Group really helped guide us through the ups and downs of finding, negotiating, analysing and successfully purchasing an investment that satisfied our requirements.

Prosper Group’s experience and expertise kept us ahead of the market and helped us be competitive in a strong market. They also provided us with a diversified search covering all of NSW and QLD which ultimately led us to buy a property in Brisbane when we were originally only considering Sydney and the Newcastle region. Although this was a new market for us Prosper Group made us feel comfortable with the area and the property and we achieved a better result than the properties we were considering in Sydney.

We valued and enjoyed the education on industrial properties throughout the search, and appreciated the market background intelligence so as we could reassess our strategy in moving market conditions.

We are happy to have Prosper Group as our property adviser and asset manager.

Norris Family

  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

  Thank you Prosper Group for all your hard work; you have found us an investment property that ticked all the boxes  

Carolyn & Anthony

Brisbane