Gold Coast Industrial Tenanted Investment With Value Upside

Client MandateJeremy is an interstate investor who engaged us to source his 2nd commercial Investment property with a $1m budget, ideally looking to buy “good value” with a 5.5%+ net yield. His main goal was to have a good property in a great location where he could extract value upside.
‍ResultSourced on market, this industrial asset sits in an extremely tightly-held Gold Coast precinct, is 200m2 and has been tenanted by the same business for the last 15years. With a passing 5.5% net yield and strong owner-occupiers appeal the property has great value upside. We successfully won a highly contested EOI campaign obtaining a subsequent price reduction on the agreed sale price as we identified some issues during DD. We negotiated favourables terms and conducted extensive DD to ensure all boxes were ticked to protect our client with this investment that will greatly benefit his portfolio. With similar units selling between $4,500-$5,000/m2, it represents a 10-20% capital value uplift.