Acquired in August 2018 this commercial property was constructed in 1995 and sits upon 808m2 of land. This asset is located in the Southport Priority Development Area which allows for future develop potential.
Spread across two levels MBD Property Group undertook extensive renovations on acquisition to improve the asset and future yield of the investment.
Leased by a professional services firm at a very strong square meterage rate with 3% annual increases on a long lease this assets strong yield will continue for the next decade and beyond.
