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Case Studies

30 Cotswold Street, Mount Warren Park QLD

This asset comprised a fully leased modern complex of twelve tenanted units. Built in 2008, the units each featured two bedrooms, one bathroom, a single car garage and a private patio. This asset was very well received by the market due to its exceptionally strong occupancy rate with long leases up to 3 years.

A true point of difference was this complex was immaculately maintained and offered buyers a realtively new option opposed to the majority of older style units available for sale in one line.

The marketing campaign received 96 enquiries and 9 formal offers and was sold for $2,675,000, reflecting a 7.84% yield. We are continuing to see strong appetite for assets with secure income.

Sale Analysis
Vendor:Private Investor
Buyer:QLD based Private Investor
Method of Sale:Expressions of Interest
Enquiries:96
Sale Date:September 2018
Sale Price:$2,675,000
Gross Rent:$209,820
Gross Yield:7.84%
Units:12
Rate/unit:$222,917
Land Area:4,172sqm
Land Rate:$641/sqm
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