Multi-tenant investment
We secured this great investment off-market for our client. The property is located on a highly visible and exposed corner. There was upside in the deal as well as a very high yield from day one This is our clients first purchase with Rethink Investing. They were looking for a multi-tenant investment with some upside.
This deal matched their requirements as there are two vacancies we could fill in this asset to send the yield north of 7.5% net. We managed to extend a lease and fill a vacancy in the due-diligence period. This has no doubt created instant equity before the asset even settled. We are now on the hunt for property number two for them.
report, bank fees)
Purchasing Costs
Key Highlights
• Building Area: 1013m2
• NLA: 2,016m2
• Main road exposure
• High quality dependable tenants
• 6 separate incomes on the asset
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