MRS Case Studies

Investment

Harmony Milton

8 Gardner Close
Milton, QLD

Building Type / Sector: Office

Aquisition Date: June 2018

Purchase Price: $25.23 million

Investor Return: 7.0% per annum

A high quality, refurbished and fully leased office building 2km from the Brisbane CBD.  The property has been purchased for $25.23 million, representing a yield of 7.11% from commercial property group Quintessential who successfully repositioned the property to a very high standard over a two-year period.

8 Gardner Close’s metrics are solid.  It is 100% leased with a WALE in excess of 5 years, and diversity of tenancy risk with 10 quality tenants, many of whom are first time tenants.

Harmony Milton Blog Feature