“The sales campaign attracted in excess of 150 enquiries and we finished up with 12 expressions of interest. This shows that potential buyers really appreciated the opportunity that was on offer,” he said.
“The demand was buoyed by their prime, adjoining location in one of Queensland’s biggest population growth hot spots.”
Mr Elliot Kidd said the purchaser was a Sydney investor who wanted to add an asset like this to their portfolio.
“The buyer was attracted by the property providing income diversity, lease duration, income growth provisions and given their recent completion, the assets require minimal property maintenance,” he said.
“Head office leases to IMO, 7-Eleven and the Hogs Express drive-thru provide long-term income security and steady income growth. Apart from land tax, all other outgoings are recovered.”