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Purchased
Prime Commercial Property Anchored by National ASX-Listed Tenant
Anchored by two well-established tenants, including a national ASX-listed company, this property highlights the strength and enduring appeal of its prime location.
Purchase Details
Asking Price
4000000
Purchase Price
3700000
Deposit (assuming
65
% debt)
1295000
Stamp Duty
187525
Building Report*
3000
Solicitor Cost*
8000
Valuation*
5000
Other Fees* (Depreciation
report, bank fees)
report, bank fees)
70300
Total Cash Required
1568825
Purchase Price + Purchasing Cost
3973825
Net Annual Cash Flow Return
277282
Net Yield on Property
7.49
%
Net Yield Accounting for
Purchasing Costs
Purchasing Costs
6.98
%
Cash-OnCash Returns
Deposit Needed =
% + Costs
1568825
Cost of Loan
(Assume
6.25
% pa on
65
% debt)
156325
Return of Equity
(Pure cash flow return)
7.71
%
Return of Equity with a
5% Capital Growth Rate:
21.76
%
Return of Equity with a
7% Capital Growth Rate:
26.47
%
Return of Equity
10% Capital Growth Rate:
33.55
%
*approximate number
Key Highlights
- Fully leased freehold investment underpinned by 2 established tenants
- Substantial corner landholding with triple street frontage
- Zoned: Principle Centre
- WALE: 3.7* years
- Land: 665m2*
- NLA: 1,079m2* split between two tenants
- Net Income: $277,282* pa
- Exposure to significant volumes of traffic
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