Bundaberg, QLD

CLIENT BRIEF

Purpose of Purchase: SMSF Investment

Property Type: Commercial

Key Criteria:

  1. NET return in excess of 6.5%
  2. Something that has a long term National/International tenant.

Client Outcome

Key Positives:

  • Officeworks as the tenant
  • Time remaining on the lease was 8 years with a 15 year option
  • Post purchase Officeworks had agreed to undertake a large major upgrade externally
  • Premium Location with maximum exposure
  • High demand precinct of Bundaberg
  • NET return of 7.23% on purchase price

A Successful Investment:

Our client had owned commercial property previously and was looking for a property inside his SMSF as an investment up to $3,000,000. We had an open brief between all major cities in south-east Queensland.

An OfficeWorks building in Bundaberg was identified and was subsequently purchased at auction with a NET return of 7.23% for our clients. They are extremely pleased and with 3% fixed annual increases in the rent, the cash flow is excellent for his SMSF.

Location

Bundaberg, QLD