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Purchased
TAS Freehold Retail Property with Long-Term Mitre 10 Lease
This premium freehold retail property in Tasmania offers a secure investment opportunity with a long-standing lease to Mitre 10.
Purchase Details
Asking Price
2100000
Purchase Price
2010000
Deposit (assuming
65
% debt)
703500
Stamp Duty
Nil
85635
Building Report*
4000
Solicitor Cost*
7000
Valuation*
5000
Other Fees* (Depreciation
report, bank fees)
report, bank fees)
38190
Total Cash Required
843325
Purchase Price + Purchasing Cost
2149825
Net Annual Cash Flow Return
130491
Net Yield on Property
6.49
%
Net Yield Accounting for
Purchasing Costs
Purchasing Costs
6.07
%
Cash-On-Cash Returns
Deposit Needed =
% + Costs
843325
CASH FLOW AFTER
MORTGAGE COSTS
MORTGAGE COSTS
Cost of Loan
(Assume
6.25
% pa on
65
% debt)
88188
Return of Equity
(Pure cash flow return)
5.02
%
Return of Equity with a
5% Capital Growth Rate:
22.37
%
Return of Equity with a
7% Capital Growth Rate:
27.14
%
Return of Equity
10% Capital Growth Rate:
34.29
%
*approximate numbers
Key Highlights
- Secure income stream – Five-year lease to 2026, with 3 x 5-year options extending to 2041
- Tenant-funded refurbishment – $400,000 upgrade in 2024, including yard concreting and store modifications
- Strategic location – A high-growth regional centre with booming tourism and residential investment
- Large-scale asset – 1,078m² freestanding retail hardware outlet, plus 300m² of additional storage
- Net Yield: 6.49%
- Off-market opportunity – Secured via Rethink Investing’s exclusive industry access
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