This tenanted investment was recently sold to a private investor by Chris Massie and Aaron Canavan.
The warehouse is located within a complex with 90% occupancy. Located in a prime position within close proximity of Morayfield Shopping Centre, Bruce Highway Access, busy Morayfield Road & opposite the brand-new Morayfield Health Hub.
The purchaser had contacted Aaron seeking a quality tenanted investment offering an 8% yield with a quick settlement. After inspecting similar properties within the Moreton Bay Region both Aaron & Chris were confident this property would meet all the investors requirements.
Having a strong understanding of the current market and knowledge of the subject property Aaron & Chris were able to introduce the right property to the purchaser and present an offer to the Sellers which was accepted.
• Property type: Tenanted Industrial Warehouse
• Address: 10/30-36 Dickson Road, Morayfield QLD 4506
• Listed date: 5 May 2018
• Sale date: 16 July 2018
• Sale price: $415,000.00
• Building size: 240m2
0412 490 840
0447 744 948
• Agent comments
“The purchaser approached me looking for an investment with future potential upside. After inspecting a couple other properties the purchaser decided he wanted to be in Morayfield and capitalize on the ever growing catchment. It ended in a great result for both parties” – Aaron.