Purchased this property in February 2026 for $2,170,000 and sold it in August 2026 for $2,800,000.

The purchase reflected a price of $1,827/sqm on building area, and an initial yield of 5% net.

The existing tenant was paying approx $92/sqm net in rent, which was significantly under market, and keep a limit on the property value.

After taking over the property, we successfully negotiated a lease surrender with the tenant, and unlocked the market value of the property immediately.

Subsequently sold the property to an owner occupier.