$2M + in value added within 4 months - $3.62M
- We sourced a heavily under rented and unloved industrial asset
- Significant land holding with 2,200 m2 of older style industrial buildings
- Purchased for $3.62 Million
- We worked with the client to establish a clear strategy to refurbish the property and to market the property for lease
- We helped the client through the execution phase, finding new tenants for all 6 tenancies and establishing a fully leased asset with brand new leases and a net income of $355,000 net, all within 4 months following settlement.
- On revaluation the property was valued at $5.6 Million, allowing the client to relase equity to utilise in a follow on project.
Please contact us for more information on this purchase.
Antony is professional, proactive and goes above and beyond as a buyers' agent
Lauren & James
