This asset comprised a fully leased modern complex of twelve tenanted units. Built in 2008, the units each featured two bedrooms, one bathroom, a single car garage and a private patio. This asset was very well received by the market due to its exceptionally strong occupancy rate with long leases up to 3 years.
A true point of difference was this complex was immaculately maintained and offered buyers a realtively new option opposed to the majority of older style units available for sale in one line.
The marketing campaign received 96 enquiries and 9 formal offers and was sold for $2,675,000, reflecting a 7.84% yield. We are continuing to see strong appetite for assets with secure income.
|Buyer:||QLD based Private Investor|
|Method of Sale:||Expressions of Interest|
|Sale Date:||September 2018|