Industrial portfolio, Brisbane · 2024
The file that unlocked a $9.28m portfolio.
A freehold industrial portfolio of three properties with one multinational tenant, bought well under market rent. Documents and transaction consulting by Nick and his team; funded by the client's own banker.
The situation
A freehold industrial portfolio in Brisbane: three properties, one multinational tenant, purchased in 2024 for $9,280,000. The value was in a rental reversion a generalist file would have buried.
The client kept their own banker. Nick and his team consulted on the transaction and built the documents that made the reversion the centrepiece.
What we did
The 2027 rent review was put at the centre of the credit paper, evidenced from the lease:
- Client capital in of $3,812,912, at 65% LVR at 6.5% through the client's own banker
- Passing rent of $554,356 net a year (a 6% net yield) against market rent of $760,800: the tenant around 37% below market
- Rent projected to reach $937,200 by 2027, a projected 10.1% net yield
- Cashflow after debt of $162,276 a year today, projected to reach $545,120 a year by 2027
The outcome
The client's bank backed it. The documents made the 2027 review the centrepiece rather than a footnote, and the projected cashflow after debt more than triples over the period, from $162,276 a year to a projected $545,120 a year by 2027.
A real matter, published with the client's consent. Identifying details are withheld and no third party is named. Figures are the client's own; every projection is labelled and is an estimate only. Past outcomes do not indicate future results, and any transaction depends on individual circumstances and lender criteria.
The servicing verdict, as the worksheet showed it
Purchase price
$9.28m
LVR (own bank)
65% @ 6.5%
Capital in
$3.81m
What the client got
Rent today / projected 2027
$554k / $937k
Cashflow today / projected 2027
$162k / $545k pa
Tenant vs market rent
~37% under
Want a straight read on your deal?
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