Murarrie Investment Sold for $1,015,000

Murarrie Investment Sold for $1,015,000

A tenanted warehouse/office investment opportunity in the sought after Metroplex Estate at Murarrie in the Australia Trade Coast precinct in Brisbane’s east has been sold for $1,015,000.

The approximately 460 sqm unit at 3/20 Smallwood Place, Murarrie, was sold to a private investor by Jared Doyle of Ray White Commercial TradeCoast on behalf of Sci-Blu Security for a yield of 7.37 per cent.

Jared Doyle said the tenant had commenced a 5 + 5 year lease in April, 2015, and the property is returning rental income of approximately $75,000 per annum.

“The tenant invested heavily in the fit out of the property, which provided comfort to the investor that they had embedded themselves in the property for the long term,” Jared Doyle said.

“This is a modern office/warehouse and one of seven units in the complex. It has been freshly carpeted and has ducted air-conditioned office space over two levels.

“The fit-out includes multiple partitioned offices and open plan areas, a reception area, meeting / boardroom, production areas, full data cabling, an alarm system plus fibre optic internet connection. There are six exclusive use car spaces.”

The buyer was introduced by Ben Lyons of CBRE.