Nundah industrial unit sells at 8.6% yield

Nundah industrial unit sells at 8.6% yield
Andrea DixonOctober 21, 2014

An industrial unit is the Brisbane suburb of Nundah has changed hands for $2.47 million.

The 2,355 square metre building at 2 Jenner Street, which is 8 kilometres north of Brisbane, has a 1,503 square metre warehouse plus a 785 square metre open plan office zone.

The property is fully leased to a rag trader with a rental return of $25,000 a year, reflecting a yield of 8.6%.

Dan Costello of Ray White Industrial Milton handled the sale.

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