Purpose of Purchase: SMSF Investment
Property Type: Commercial
- NET return in excess of 6.5%
- Something that has a long term National/International tenant.
- 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.