Slacks Creek Investment Sold for $1.35 Million
A warehouse investment opportunity at Slacks Creek, south of Brisbane, has been sold by Ray White Commercial for $1.35 million.
The property at 3343 Pacific Highway, Slacks Creek, was sold to a local investor by Ray White Commercial Gold Coast’s Michael Willems on a behalf of Wayne and Julie Wode for a yield of 7.0 per cent.
Michael Willems said the industrial/warehouse offered a building area of approximately 607 sqm and is situated in a high exposure, corner location.
“The owner’s circumstances required a quick sale and we had a lot of interest in this property,” he said.
“It is generating net rental income of approximately $95,000 per annum and is surrounded by national and international tenants.
“The warehouse is on a land area of approximately 1,007 sqm on a high traffic road.”
Michael Willems said the property is strategically located in the heart of the Slacks Creek and Underwood area with access to the M1 Motorway.