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Purchased

High-class Industrial Asset

This property was recently secured high-class asset for our client's SMSF. It was their 4th property with Rethink! This asset offers a substantial freehold industrial opportunity encompassing a large site and near new / well-maintained buildings. Situated in the robust economy of Wodonga, the second fastest growing regional population in Victoria over the last 10 years.

A well-maintained complex set on 5,641m2 located in the Industrial Estate of Wodonga, Lots 4a, 4b & 4c Sheathers Road, all sit on one title, currently offering a variety of commercial showroom, office space/amenities combined with ample warehousing.

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Purchase Details
Asking Price
3200000
Purchase Price
2800000
Deposit (assuming
70
% debt)
8400000
Stamp Duty
82500
Building Report*
1000
Solicitor Cost*
7500
Valuation*
14000
Other Costs*
Other Fees* (Depreciation
report, bank fees)
3200000
Total Cash Required
945000
Purchase Price + Purchasing Cost
2905000
Net Annual Cash Flow Return
212180
Net Yield on Property
7.58
%
Net Yield Accounting for
Purchasing Costs
7.3
%
Cash-OnCash Returns
Deposit Needed =
% + Costs
945000
Cost of Loan
(Assume
6.25
% pa on
70
% debt)
122500
Return of Equity
(Pure cash flow return)
9.49
%
Return of Equity with a
5% Capital Growth Rate:
24.3
%
Return of Equity with a
7% Capital Growth Rate:
30.23
%
Return of Equity
10% Capital Growth Rate:
39.12
%
*approximate number

Key Highlights

• A well-maintained complex set on 5,641m2

• Situated in the robust economy of Wodonga

• Currently offering a variety of commercial showrooms, office space/amenities combined with ample warehousing

• Net lettable area: 877m2

• Total Land Area: 5,641m2

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