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Purchased
Off-market shopping centre
We helped our client secure this shopping centre off-market and completed all the due diligence for a successful acquisition. This is our valued client’s second large purchase with Rethink Investing. They are very experienced commercial investors who own properties in multiple countries. As we speak, we are now on the hunt for another similar large asset.
Purchase Details
Asking Price
25500000
Purchase Price
23000000
Deposit (assuming
70
% debt)
6900000
Stamp Duty
1387853
Building Report*
2500
Solicitor Cost*
12000
Valuation*
7000
Other Costs*
Other Fees* (Depreciation
report, bank fees)
report, bank fees)
25500000
Total Cash Required
8309353
Purchase Price + Purchasing Cost
24409353
Net Annual Cash Flow Return
1476000
Net Yield on Property
6.42
%
Net Yield Accounting for
Purchasing Costs
Purchasing Costs
6.05
%
Cash-OnCash Returns
Deposit Needed =
% + Costs
8309353
Cost of Loan
(Assume
3
% pa on
70
% debt)
581654
Return of Equity
(Pure cash flow return)
11.95
%
Return of Equity with a
5% Capital Growth Rate:
25.79
%
Return of Equity with a
7% Capital Growth Rate:
31.33
%
Return of Equity
10% Capital Growth Rate:
39.63
%
*approximate number
Key Highlights
• Building Area: 3,404m2
• NLA: 9,420m2
• 225 car parks with on grade and security basement parking
• 100% occupied with 17 tenancies providing a diverse tenancy mix
• High exposure road with over 35,000* vehicles per day
Get in touch
If you’re interested in joining the lucrative world of commercial property, contact us now.
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