Harmony Diversified Fund 1
53 Brandl Street
Eight Mile Plains, QLD
Building Type / Sector: Office
Aquisition Date: March 2020
Purchase Price: $12.9 million
Investor Return: Projected average of 7.4% over the first 5 years
53 Brandl Street, Eight Mile Plains, QLD is a modern office building, built in 2006 and refurbished in 2014. It is currently leased to three tenants, providing a WALE of approximately 5 years at purchase.
The intention is to purchase a second complementary property, to create a combined Fund value of between $20 million and $30 million.