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.
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%.
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.