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Purchased
Freehold retail Investment with long-term tenants
Our client was an experienced commercial investor who didn’t have the time to find their next investment. They were looking for a multi-tenant investment in a quality area. We sourced the property off-market. This property offers long term development upside in a quality area and is located approximately 3.4 kilometres from the Brisbane central business district.
Purchase Details
Asking Price
3300000
Purchase Price
3130000
Deposit (assuming
70
% debt)
1095500
Stamp Duty
171805
Building Report*
800
Solicitor Cost*
4000
Valuation*
1200
Other Costs*
Other Fees* (Depreciation
report, bank fees)
report, bank fees)
3300000
Total Cash Required
1273305
Purchase Price + Purchasing Cost
3307805
Net Annual Cash Flow Return
203468
Net Yield on Property
6.5
%
Net Yield Accounting for
Purchasing Costs
Purchasing Costs
6.15
%
Cash-OnCash Returns
Deposit Needed =
% + Costs
1273305
Cost of Loan
(Assume
3
% pa on
70
% debt)
65730
Return of Equity
(Pure cash flow return)
10.82
%
Return of Equity with a
5% Capital Growth Rate:
23.11
%
Return of Equity with a
7% Capital Growth Rate:
28.02
%
Return of Equity
10% Capital Growth Rate:
35.4
%
*approximate number
Key Highlights
• Building Area: 615m2
• Land Area: 900m2 freehold/corner block
• $203,468 pa + GST + Outgoings
• Long-term Multi Tenanted Asset
• 3.5km to the CBD
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