An owner occupier has secured the best of both worlds with the help of Chris Massie and Aaron Canavan of Ray White Commercial North Coast Central.
The challenge for many businesses is trying to find the best place for their business AND the best place to invest their money. Rarely do the two go together without significant compromise on function or return. However, the purchase of 17-19 Imboon St by Hawking Electrical has achieved just that.
The 1,320m2 industrial freehold duplex was partially tenanted, returning approximately $70,000 net per annum. This goes a long way to covering the interest component of the overall property loan, allowing the owner to operate from the remaining 50% of the building and make rapid progress on debt reduction via what they would otherwise be paying as rent.
Record low interest rates have created opportunities for business owners with the equity required to purchase, as noted by our in-house finance specialist Paul Robertson of Aura Lending.
“Businesses that can clear the equity hurdle are well positioned to capitalise on the appetite of lenders for those in the small to medium enterprise sector”
This latest sale serves as a platform for increasing property values, both in Deception Bay and surrounding suburbs.
• Property type: Industrial Partially Tenanted
• Listed date: 22 May 2018
• Sale date: July 2018
• Building size: 1,320m2
• Warehouse: 1,120m2
• Office: 200m2
• Sale price: $1,900,000
• Rate: 1,440m2
0412 490 840
0447 744 948
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