Property Details
Building type: Industrial
Building area: 1,184m2
Land area: 2,000m2
Purchase Details
Asking price: $2.0 million
Purchase price: $1.78 million
Net passing yield: 6.5%
$/m2 building area: $1,507/m2
$/m2 land area: $893/m2
Property Features
Modern industrial building
Potential to split into two separate tenancies
Located close to major road infrastructure
Tenancy Details
WALE: 4 years
Net income, pa; $116,800
Net income, $/m2; $99/m2
Tenancies: 100% leased to 1 tenant
How Did Prosper Group Assist Their Client?
Through Prosper Group’s industry contacts they identified this opportunity for their client. Prosper Group’s experience and expert negotiation skills enabled them to successfully negotiate an agreed price and terms over a prolonged negotiation period.
Prosper Group’s extensive knowledge and experience in all commercial property markets in Brisbane and Sydney allowed them to guide their client to invest in the Brisbane industrial market, which at the time was showing a 1% better yield return than similar properties in Sydney.