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Purchased
Freehold dentist with exceptionally long lease!
This freehold Dentist was recently secured off-market by Rethink Investing. If you would like help finding a similar asset, just let us know. This 7.66% yielding asset came with a 10+10+10 year lease! Rethink Investing will deliver you properties like this before they hit the market through our superior industry contacts.
Purchase Details
Asking Price
3400000
Purchase Price
3100000
Deposit (assuming
70
% debt)
930000
Stamp Duty
169973
Building Report*
800
Solicitor Cost*
6000
Valuation*
4500
Other Fees* (Depreciation
report, bank fees)
report, bank fees)
Total Cash Required
1111273
Purchase Price + Purchasing Cost
3281273
Net Annual Cash Flow Return
237560
Net Yield on Property
7.66
%
Net Yield Accounting for
Purchasing Costs
Purchasing Costs
7.24
%
Cash-OnCash Returns
Deposit Needed =
% + Costs
1111273
Cost of Loan
(Assume
3
% pa on
70
% debt)
65100
Return of Equity
(Pure cash flow return)
16.5
%
Return of Equity with a
5% Capital Growth Rate:
30.44
%
Return of Equity with a
7% Capital Growth Rate:
36.02
%
Return of Equity
10% Capital Growth Rate:
44.39
%
*approximate number
Key Highlights
• Building Area: 1012m2
• NLA: 690m2
• 21 onsite car parks (14 undercover)
• 10+10+10 year lease to a dentist!
• Rent reviews of CPI + 2% pa
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