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Purchased
24/7 Medical centre asset!
This is a rare asset indeed. Secured totally off-market by the skilful Rethink Investing team for our valued client. This 24 hour 7 days a week Medical Centre asset is located in the booming Sunshine Coast market. This site is occupied by a long standing medical tenancy who have agreed to extend their lease by a further 4 years at settlement.
Purchase Details
Asking Price
2650000
Purchase Price
2500000
Deposit (assuming
70
% debt)
750000
Stamp Duty
133000
Building Report*
550
Solicitor Cost*
5500
Valuation*
2500
Other Costs*
Other Fees* (Depreciation
report, bank fees)
report, bank fees)
2650000
Total Cash Required
891550
Purchase Price + Purchasing Cost
2641550
Net Annual Cash Flow Return
145000
Net Yield on Property
5.8
%
Net Yield Accounting for
Purchasing Costs
Purchasing Costs
5.49
%
Cash-OnCash Returns
Deposit Needed =
% + Costs
891550
Cost of Loan
(Assume
3
% pa on
70
% debt)
22500
Return of Equity
(Pure cash flow return)
10.38
%
Return of Equity with a
5% Capital Growth Rate:
24.4
%
Return of Equity with a
7% Capital Growth Rate:
30
%
Return of Equity
10% Capital Growth Rate:
38.42
%
*approximate number
Key Highlights
• Building Area: 891m2
• NLA: 404m2
• 8 Consulting rooms, 2 treatment rooms, 3 bathrooms, kitchen, reception, office with staff room
• 4 year lease on settlement with 2 x 4-year options
• Rental increases of 3% or CPI
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