459-461 GOLDEN FOUR DRIVE, TUGUN QLD
Tugun Beach IGA This transaction set a new benchmark (sub 4 per cent fully-leased yield) for IGA’s in Queensland. Moreover,…
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 |
Tugun Beach IGA This transaction set a new benchmark (sub 4 per cent fully-leased yield) for IGA’s in Queensland. Moreover,…
Built upon the site is a two level commercial building with 8 car parks, originally purpose built by Commonwealth Bank…