An investment you can bank on

A LISMORE property occupied by the Bank of Queensland and LaFaro Accountants and Advisors is the latest bank tenanted investment in the northern rivers to be offered to the market for sale.

Following the $1,480,000 sale of the Westpac bank in Murwillumbah and the $2,325,000 sale of the ANZ in Ballina, the Lismore BOQ offers two fully occupied freestanding buildings and a net return of $77,022.

Colliers International Investment Services Executive Daniel Cullinane has been appointed to oversee the transaction on behalf of a local vendor and is expecting to be overrun with interest from southern buyers.

Mr Cullinane says that this interest has followed from his team achieving a 100 per cent clearance rate at last month’s Sydney auction event and noted that the premium investment market is achieving outstanding results throughout the country.

"An auction clearance rate of 100 per cent is a great indication of the demand in the market for high-quality assets," he said.

"The current yield compression in the southern capitals has allowed our regional clients to realise significant capital gains and the competitive bidding from local, interstate and international investors proves how well the Australian property market is perceived on a global stage," he added.

"In regional Queensland and northern New South Wales, the main driver of the recent price growth is the demand for favourable yields from southern investors, many of whom associate the major southern metropolitan markets as offering passing yields below their minimum required rate of return."

He further commented that retail investment assets, service stations and banks are seen as the hot ticket for investors.

"Moving into the second half of 2018, the interest in premium investment properties remains strong and we predict there are many cashed-up investors, including overseas buyers, looking for similar properties for their next acquisition," Mr Cullinane said.

If you’d like more information on the current market, please contact Daniel Cullinane of Colliers International on 0431 278 806.