Another Victorian investor roams interstate for value
A Victorian has swooped on a new, double-backed essential services investment west of Brisbane for $15 million reflecting a 6.56 per cent yield – arguably higher that what a Melbourne vendor would accept.
The Hub, on 1.6 acres at 41-43 Queen Street, Goodna, contains 2300 square metres, majority leased with a weighted average lease expiry by area of 6.3 years.
Kids Early Learning is the anchor, operating a 112 place facility.
Prime Performance Physiotherapy occupies a medical centre tenancy.
There is also a large café with outdoor seating.
Suites between 100-500 sqm are being offered by FAL Property Group’s Dean Message and Jono Paraiso.
Another Victorian roams for value
The Goodna block, spreading 6459 sqm and until two years ago containing two weatherboard Queenslanders, is passed by some 20,000 vehicles a day (story continues below).
The incoming owner will be able to claim depreciation benefits.
The deal comes three weeks since we reported a Victorian private investor outlaid $8m – a 5.75pc return – for a Jehovah’s Witnesses Kingdom Hall converted childcare centre, backed by Nido, in Adelaide’s north east Golden Grove.
Like 41-43 Queen St, that property is near new.
CBRE’s Sandro Peluso, Jimmy Tat, Marcello Caspani-Muto and Rhyce Scott were the agents.
Goodna is about 24 kilometres from the CBD.
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