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Cirica $2M
Alok is an investor who has been referred to advise and source his first Commercial Investment property in either NSW or QLD. Having a solid residential property portfolio, his goal was to purchase a solid, low-maintenance investment that would provide both income security, growth and a good net yield. With low stock of quality tenanted investments, I recommended 3 properties in Brisbane, but they all had some hairs on them. Using my network of contacts and Agents, I uncovered an ideal quality Industrial unit in the blue chip suburb next to the Port and Airport. The main National tenant has been in occupation since 2007 with a 5+5 year lease and strong CPI annual increases providing a low-maintenance, stable and secure income to our client. The rental return is 6% net with a 10% uplift to be extracted in the next 2-3years. We negotiated price, terms and conditions to suit our buyer just before Christmas and conducted extensive DD. Alok is thrilled with the result and we trust this commercial asset acquisition will greatly benefit the growth of his property portfolio.
Level 17 Chifley Tower
2 Chifley Square
Sydney NSW 2000
Australia
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Propertybuyer Inner West, South Sydney & CBD
Level 17 Chifley Tower
2 Chifley Square
Sydney NSW 2000
Australia
Suite 2201, Level 22, Tower Two
Westfield Bondi Junction
101 Grafton Street
Bondi Junction NSW 2022
Australia
Propertybuyer Northern Beaches / Northern Suburbs
Suite 2
47-49 The Centre
Forestville NSW 2087
Australia
Propertybuyer Newcastle / Hunter Valley
4 Orana Crescent
Adamstown Heights
Newcastle NSW 2289
Australia
Suite 3135
3 Parkland Boulevard
Brisbane City QLD 4000
Australia
Propertybuyer Inner West, South Sydney & CBD
Level 17 Chifley Tower
2 Chifley Square
Sydney NSW 2000
Australia
Suite 2201, Level 22, Tower Two
Westfield Bondi Junction
101 Grafton Street
Bondi Junction NSW 2022
Australia
Propertybuyer Northern Beaches / Northern Suburbs
Suite 2
47-49 The Centre
Forestville NSW 2087
Australia
Propertybuyer Newcastle / Hunter Valley
4 Orana Crescent
Adamstown Heights
Newcastle NSW 2289
Australia
Suite 3135
3 Parkland Boulevard
Brisbane City QLD 4000
Australia
The Propertybuyer
Podcast
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Fri 1 Nov '24 with Rich Harvey Sydney’s Lower North Shore - Perspectives and Insights |
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Fri 20 Sep '24 with Rich Harvey How to Invest or Buy Commercial Property |
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Fri 6 Sep '24 with Rich Harvey Breaking Gender Barriers, Creating Empathy & Other Empowering Strategies |
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Fri 23 Aug '24 with Rich Harvey Where to invest for around $500k? |
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Fri 9 Aug '24 with Rich Harvey How to Find the Ideal Investment Suburbs? |
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