Oceana Property Partners settles first property acquisition / 17 November 2021

Oceana Property Partners is excited to announce that we have settled our first property acquisition.

6-8 Geonic Street, Woodridge in Brisbane is a quality industrial asset located in an established and growing retail precinct. The Property has been acquired on an initial yield of 6.25% and with retail and showroom upside. The Property is zoned mixed-use, which allows for residential, retail and showroom space along with low impact industrial. Bunnings, BCF, Sydney Tools and Beacon Lighting are all located within 600m of the Property. The Property provides fantastic income-generating capability, with the prospect of strong rental growth in the future.

The Property has been acquired with a strategy to undertake a regeneration program, including replacing the roof, façade and refreshing internal and external fittings.

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