449 Logan Rd, Greenslopes, QLD

Property Details
Building type: Office
Building area: 762m2
Land area: 1,004m2

Purchase Details
Purchase price: $5.18 million
Net passing yield: 8.54%
$/m2 building area: $6,890/m2
$/m2 land area: $5,159/m2

Property Features

  • Modern 3 level office building.
  • Good exposure.
  • Lift access to all levels.
  • 100% leased to 3 tenants.
  • 52% of the building is leased to a government tenant.

Tenancy Details
WALE: 3.6 years
Net passing income, pa: $444,952
Net income, $/m2: $584/m2
Tenancies: 100% leased to 3 tenants

 

 

 

 

How Did Prosper Group Assist Their Client?

This property had been on the market for sale for a while and Prosper Group’s experience and knowledge of the local market allowed them to identify the value in this property that other buyers had not seen. Prosper Group then engaged in a lengthy negotiation process that resulted in a saving off the asking price and favourable terms for their client.

Prosper Group’s thorough due diligence analysis identified several building issues, some relating to safety issues. Prosper Group managed to negotiate some compensation for the potential cost of rectifying these building issues.

 

  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