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Purchased
Multi-tenanted freehold commercial building
We helped our client secure and complete all the due diligence on this multi-tenanted freehold commercial building. There is a rental upside and the added potential to strata title (STCA) down the track.
Purchase Details
Asking Price
1850000
Purchase Price
1700000
Deposit (assuming
70
% debt)
510000
Stamp Duty
84293
Building Report*
1000
Solicitor Cost*
7500
Valuation*
4500
Other Costs*
Other Fees* (Depreciation
report, bank fees)
report, bank fees)
1850000
Total Cash Required
607293
Purchase Price + Purchasing Cost
1797293
Net Annual Cash Flow Return
126707
Net Yield on Property
7.45
%
Net Yield Accounting for
Purchasing Costs
Purchasing Costs
7.05
%
Cash-OnCash Returns
Deposit Needed =
% + Costs
607293
Cost of Loan
(Assume
3
% pa on
70
% debt)
42481
Return of Equity
(Pure cash flow return)
14.99
%
Return of Equity with a
5% Capital Growth Rate:
28.98
%
Return of Equity with a
7% Capital Growth Rate:
34.58
%
Return of Equity
10% Capital Growth Rate:
42.98
%
*approximate number
Key Highlights
• Building Area: 805m2
• NLA: 1,012m2
• First time to market in 24 years
• Prime main road location
• 11 on site car parks
Get in touch
If you’re interested in joining the lucrative world of commercial property, contact us now.
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