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Purchased

Freehold medical centre!

This property is a triple tenanted medical investment purchased off-market by the Rethink Investing acquisitions team. The property is fully leased and is anchored by Sonic Health, a major national medical group, plus a pharmacy and specialist clinic.

Our first-time client extensive experience in the medical industry meant they could potentially add even more value to this property compared to the average investor. Recession-proof assets, such as medical centres have never been in more demand compared to now. So purchasing this off-market was a major advantage. .

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Purchase Details
Asking Price
4484000
Purchase Price
4084000
Deposit (assuming
70
% debt)
1225200
Stamp Duty
202610
Building Report*
600
Solicitor Cost*
7000
Valuation*
3000
Other Costs*
Other Fees* (Depreciation
report, bank fees)
4484000
Total Cash Required
1438410
Purchase Price + Purchasing Cost
4297210
Net Annual Cash Flow Return
224662
Net Yield on Property
5.5
%
Net Yield Accounting for
Purchasing Costs
5.23
%
Cash-OnCash Returns
Deposit Needed =
% + Costs
1438410
Cost of Loan
(Assume
3
% pa on
70
% debt)
85764
Return of Equity
(Pure cash flow return)
9.66
%
Return of Equity with a
5% Capital Growth Rate:
23.85
%
Return of Equity with a
7% Capital Growth Rate:
29.53
%
Return of Equity
10% Capital Growth Rate:
38.05
%
*approximate number

Key Highlights

• Building Area: 721sqm

• NLA: 2,024sqm

• Total current rent $224,662.44 pa

• Built in 2002• 3 medical tenants

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