Gold Coast commercial assets in high demand
The Gold Coast’s commercial real estate market has seen no signs of slowing down with 67 per cent of commercial…
Slacks Creek Investment Sold for $2.45 Million
A warehouse investment opportunity in the tightly held Slacks Creek commercial and industrial precinct, south of Brisbane, has been sold by Ray White Commercial Gold Coast for $2.45 million.
The property at 53 Moss Street, Slacks Creek, which has had the same tenant for almost a quarter of a century, was sold prior to auction to a local investor by Ray White Commercial Gold Coast’s Michael Willems.
Michael Willems said the industrial/warehouse was sold on behalf of a local investor for a net yield of approximately 7.5 per cent.
“This investment opportunity was snapped up prior to going to auction,” he said.
“The property is located on a busy intersection and is surrounded by national and international companies including Autobarn and John Deere.
“It is generating net rental income of approximately $184,000 per annum and the long term tenant has recently signed a new is 5 + 5 + 5 year lease.
Michael Willems said the Slacks Creek property offered a building area of approximately 800 sqm on a land area of 1,138 sqm.
“Slacks Creek has consistently been one of the strongest South Brisbane markets over the last 40 years,” he said.
“The precinct continues to be a tightly held commercial location from a supply and investment perspective.”
The Gold Coast’s commercial real estate market has seen no signs of slowing down with 67 per cent of commercial…
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