This property was purchased off-market at $5,280,000. The property is a heavily under-rented freehold industrial property located in one of Brisbane’s fastest growing industrial markets. The property has a low site coverage (36%) offering an excellent hardstand to the rear.

The property is leased to a long-term tenant of 30 years, and heavily under-rented at approx. 50% below market levels (currently $77/sqm net), therefore an opportunity exists to increase the rent significantly at market review, bringing the yield to potentially over 8.8% net.