At Yield, we’re incredibly proud of the trusted connections we’ve built over the years, and one of those is with Murray McCarthy, a buyers agent who specialises in sourcing quality commercial and residential assets across Brisbane and the Sunshine Coast. Murray has a rare mix of deep market knowledge and a genuinely people-first approach, which is why we love working with him and regularly connect him with clients looking to grow their property portfolios.
Recently, one of our clients set out to expand their Australian commercial holdings, aiming for a strong, income-producing asset with long-term growth potential. Murray quickly identified a standout opportunity: a multi-tenanted commercial property at 828 Old Cleveland Road, Carina, positioned along one of Brisbane’s busiest arterial roads.
What made this deal so compelling was the combination of immediate income and future upside. The property includes 11 tenancies, several currently under-rented, giving the buyer both stability and room to improve returns through smart, active management. Located on a high-exposure 43-metre frontage with a bus station right out front, the site benefits from constant visibility, foot traffic and strong tenant demand.
The asset also came with several recent upgrades — including electrical work, roofing, and air-conditioning enhancements, all of which reduce maintenance needs and support long-term performance. With 22 on-site car parks, flexible zoning, and proximity to major hubs like Westfield Carindale, the Clem Jones Health Precinct, and the M1/M3 Motorways, the location couldn’t be more strategic.
Financially, the numbers speak for themselves:
- Purchase price: $6.1M
- Net income: $356,000 p.a.
- Yield: 5.8%
Once the client’s investment goals were clear, Murray took the lead, sourcing the opportunity, negotiating the deal, and guiding the due diligence process to ensure everything stacked up. The result is a high-performing asset that delivers steady income now, with strong potential for value-add improvements or future redevelopment down the track.
This is exactly the type of confident, well-informed decision that happens when great advisors and great clients work together. If you're considering your next investment and want the right experts in your corner, we’re always here to help connect you with the people who can make it happen.
