This article is from the Australian Property Journal archive
A WAREHOUSE and office unit in the popular PortLink complex at Eagle Farm near Brisbane Airport has sold to a local investor.
The 289 sqm property at 5/41 Lavarack Avenue Eagle Farm was sold for $855,000 by Ray White Commercial Jack Gwyn and Jared Doyle, on behalf I.F.P. Holdings.
Gwyn said the property was sold as a going concern.
The 129 sqm corporate first floor office currently leased to Colt International Pty Ltd for approximately $38,700 per annum on a 4 + 4 year term.
“The property was sold for a face yield of 4.53% while the potential yield when fully let is between 7.8-8.27%,” he said. “The approximately 160 sqm ground floor warehouse is available for lease for $32,000 per annum.”
Australian Property Journal
