MRS Case Studies

Investment

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.

53 Brandl Street