Brisbane Set & Forget With Triple Net 10+5+5 Years Long Lease To Global Tenant

Client MandateOur client is an astute investor who engaged us to source an Industrial “set and forget” tenanted investment property located in south east Queensland. Ideally with a long lease to a reputable tenant and a 5.5%+ net yield. His main goal was to have a low-maintenance investment providing a long-term secure income stream.
‍ResultSourced off-market, this large warehouse is currently leased to World Gym, on a 10y lease with options until 2042. Whilst delivering a 5.5% increasing to 5.65% in September, this asset has also a 10% rent uplift.The cherry on top? This impressive 920m2 Industrial warehouse has been purchased for only $3,043m2, and it can be split into 3 warehouse units. With similar units selling between $3,500-$4,000/m2, it represents a 15-30% capital value uplift - this is what it means to buy value.