3372 Logan Rd, Slacks Creek QLD

Property Details
Building type: Industrial
Building area: 363m2
Land area: 3,750m2

Purchase Details
Purchase price: $3,090,000
Net passing yield: N/A
Fully leased net yield: N/A
$/m2 building area: N/A
$/m2 land area: $824/m2
Property Features

  • Prominent corner location
  • Easy functionality for customers
  • Well located to the main arterial roads and freeways for the area
  • Growth area of Brisbane
  • 500m from Kennards Hire existing site

Tenancy DetailsWALE: N/A
Net passing income: N/A
Net fully leased income: N/A
Net income, $/m2: N/A
Tenancies: Negotiated the surrender of all 4 tenants

 

 

 

How Did Prosper Group Assist Their Client?

Kennards Hire had outgrown their existing site in Slacks Creek. Prosper Group were engaged by Kennards Hire to source a larger property with improved exposure and functionality to that of their existing site.

Prosper Group sourced a fantastic property on a prominent high exposure corner position and only 500m from Kennards existing property. The property was predominantly being used as a car sales yard with 3 other tenants all on long term leases. In order for this property to work as a Kennards Hire branch Prosper Group had to negotiate the surrender of all 4 leases and achieve this within our 30 day due diligence period.

Along with negotiating the surrender of the existing leases, Prosper Group worked with various consultants in order to overcome other complexities with this site.

Whilst this was a difficult deal to pull together, it was a perfect fit for Kennards Hire and is now one of their bets performing Queensland branches.

 

Having out grown an existing location, we (Kennards Hire) decided to look into the option of relocating that branch.

Not having enough time to devote to such a large task and having previously worked with Prosper Group on another of our properties I engaged their services to assist with the location of the new site.

Prosper Group showed their professionalism and expertise throughout the whole process, making the job very easy for me. 

I will recommend their services to anyone looking to purchase a property and will continue to use them in the future.  Thanks for your help.

Cameron Kennard

Kennards Hire & Keneco Property

  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