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Purchased
Diverse rental return!
This is our clients first purchase with us. They are successful business people who were looking to build a reliable secondary income. This asset fit their budget perfectly and offered them the security of multiple long term leases. Also this asset is in the flood free part of Gympie, after the floods many businesses are trying to move away from flood affected properties towards flood free ones like this. Making this asset more in demand than ever.
Purchase Details
Asking Price
3700000
Purchase Price
3450000
Deposit (assuming
70
% debt)
1035000
Stamp Duty
192142
Building Report*
900
Solicitor Cost*
7500
Valuation*
4000
Other Costs*
Other Fees* (Depreciation
report, bank fees)
report, bank fees)
3700000
Total Cash Required
1239542
Purchase Price + Purchasing Cost
3654542
Net Annual Cash Flow Return
228648
Net Yield on Property
6.63
%
Net Yield Accounting for
Purchasing Costs
Purchasing Costs
6.26
%
Cash-OnCash Returns
Deposit Needed =
% + Costs
1239542
Cost of Loan
(Assume
4.5
% pa on
70
% debt)
108675
Return of Equity
(Pure cash flow return)
9.68
%
Return of Equity with a
5% Capital Growth Rate:
23.6
%
Return of Equity with a
7% Capital Growth Rate:
29.16
%
Return of Equity
10% Capital Growth Rate:
37.51
%
*approximate number
Key Highlights
• Building Area: 848m2
• NLA: 2,142m2
• 44 car spaces
• Annual income: $228,648pa + outs + GST
• 100% flood free site
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