Private investor purchases warehouse for $2.2 million
A TENANTED warehouse complex in the industrial hub of Virginia in Brisbane’s north has been sold by Ray White Commercial for $2,285,000.
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A TENANTED warehouse complex in the industrial hub of Virginia in Brisbane's north has been sold by Ray White Commercial for $2,285,000.
The property on a 2324sq.m land area at 20 Lathe St, Virginia, was sold to a private investor by Steve Black from Ray White Commercial Pine Rivers on behalf of a private investor for a yield of 7.0%.
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Mr Black said the 1664sq.m building was leased to Australian-owned healthcare solutions company Dose Innovations.
"Dose Innovations has a long-standing tenancy and the property generates net rental of $173,496 per annum.
"This was a significant investment opportunity for the purchaser to acquire a property with a national tenant in a sought-after location.
"The property is in a well-positioned industrial precinct in Brisbane's northern suburbs.
"Virginia is just 16km away from the Brisbane CBD, and enjoys high-level access to Brisbane's major road infrastructure network, including the Gateway Mwy, Southern Cross Way and the Bruce Hwy."
Further inquiries to Mr Black on 0431 382 114.
Originally published as Private investor purchases warehouse for $2.2 million
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