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Purchased
An excellent investment property in Manly, secured at 6.01% net yield for one of our clients.
Located across from The Corso and Manly Wharf, this vibrant retail and commercial hotspot is just steps from Australia’s number one beach. This property is primed for success with a secure, established tenant on a new 5+5-year lease. Investing in Sydney offers unparalleled access to a thriving market with consistent capital growth and strong rental demand.
Purchase Details
Asking Price
2600000
Purchase Price
2580000
Deposit (assuming
65
% debt)
903000
Stamp Duty
125285.8
Building Report*
600
Solicitor Cost*
6500
Valuation*
2500
Other Costs*
58922.1
Other Fees* (Depreciation
report, bank fees)
report, bank fees)
2600000
Total Cash Required
1096807.9
Purchase Price + Purchasing Cost
2773807.8
Net Annual Cash Flow Return
154944
Net Yield on Property
6.01
%
Net Yield Accounting for
Purchasing Costs
Purchasing Costs
5.59
%
Cash-OnCash Returns
Deposit Needed =
% + Costs
1096807.8
Cost of Loan
(Assume
6.5
% pa on
65
% debt)
109005
Return of Equity
(Pure cash flow return)
4.2
%
Return of Equity with a
5% Capital Growth Rate:
15.95
%
Return of Equity with a
7% Capital Growth Rate:
20.65
%
Return of Equity
10% Capital Growth Rate:
27.71
%
*approximate number
Key Highlights
• Highly exposed corner shop in the tightly held Manly, with visibility to over 10,000 vehicles daily;
• Strong tenant interest in the area;
• 25 years long-standing business with a new 5+5 year lease; and
• Premium fit-out and internal amenities
Get in touch
If you’re interested in joining the lucrative world of commercial property, contact us now.
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