26/07/2010 - August Auction Collection

Raine & Horne Commercial Launches “August Auction Collection”

Raine & Horne Commercial Brisbane have officially launched their August Auction Collection, highlighting a vast array of commercial, industrial and retail property offerings with over $20million to be sold via Auction on one day.

“This is one of the largest Auctions of Commercial Property we have seen this year with something for everyone”, said Trent Bruce, Director of Raine & Horne Commercial.

First time commercial investors can get their foot in the door with one of four small commercial strata units at Petrie in Brisbane’s outer north, which are returning between $16,000 to $43,000 per annum. Mr Bruce said “These units are in great condition, with long terms leases in place which gives a low level of risk for first time investors.”

Metro on Beckett, a shopping complex located in Bridgeman Downs on Brisbane’s northside would suit more experienced investors or those interested in securing something for their self-managed super funds. “This is a premium property with an excellent tenancy mix, secure leases with long term returns”, Mr Bruce said. “Properties of this calibre having been selling for yields between 7-8%.”

Owner occupiers don’t miss out, with the opportunity to secure one of six brand new office suites which can be offered in one line, as a whole or on an individual basis ranging from 244sqm – 1,984sqm in total. The complex is located in Hendra, close to the new airport round-a-bout upgrade and allows owners the opportunity to secure an office close to Brisbane Airport, minutes to the City and easy access to the Gateway Motorway. “One of the best features of this building is the secure carpark, with 1 carpark for every 30sqm”, Mr Bruce said. “Requirements for carparking are increasing whilst most new developments in inner city areas are decreasing. This is certainly going to be one of the many benefits to this property.”

The Auction will be held on Wednesday 25 August 2010 at 11am, in rooms at 34 Navigator Place, Hendra.
More details on the properties can be obtained from www.rhcommercial.com

Media Contacts:
Eric Milliken 0418 738 086
Trent Bruce 0423 591 528