Our Track Record

The Directors of UCR have considerable experience in the sale, leasing, acquisition and syndication of commercial properties in both Queensland and New South Wales.

Our recent track record speaks for itself:


	27-29 Scarborough Street, Southport Consisting of a two level freestanding business banking centre with an NLA of 1,700 sqm, this property was acquired by a Sydney based syndicate for $7.3m. With the benefit of a 7 year lease to NAB, investors enjoyed a significant capital gain with the building selling in 2008 for $10.7m.

	52 Davenport Street, Southport A prime commercial office building opposite the Southport Courthouse acquired by our client for $3.35m. The building was refurbished and we implemented a sales campaign to sell the building on separate strata titles. Gross realisation from sales is expected to be around $6m.

	67 Davenport Street, Southport Comprising a three year old office building, this property was sold to our client with vacant possession. The property was subsequently leased to three tenants including Queensland Health on healthy passing rentals. The property was subsequently sold for a profit on a passing yield of 5.8%.

	2 & 17 Murrajong Road, Springwood A commercial office building and adjoining block of land sold to our client for $18 million on a passing yield of 7%. Low rentals, a prime location in South East Queensland's growth corridor and development potential will provide our client with significant future capital growth.

	32-34 East Street, Rockhampton A commercial office building sold for $6.1 million on a passing yield of 8.25% after accounting for a 25% vacancy factor. The vacant space has been leased and coupled with a planned program of refurbishment and uplift in rentals will result in significant future capital growth for our client. Current yield 11%.

	516 Ruthven Street, Toowoomba A commercial office building acquired by our client for $3.7 million on a passing yield of 7%. The building has been refurbished and a strata plan has been approved by Council. A marketing campaign to sell down the building on strata titles is underway which will result in significant capital appreciation for our client.

	566 Ruthven Street, Toowoomba A commercial office building purchased by our client on a passing yield of around 9.25%. A partial refurbishment of the building has been completed and new leases negotiated with both Telstra and AON Insurance. Current return on equity for syndicate members is approximately 9%.