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Purchased
Medical based tenancy mix!
This was our client’s first purchase with Rethink Investing. They were looking to build a passive income so they could step back from work. This medical centre was perfect for them as they work in the industry themselves. To complete their passive income strategy, they are on the hunt for another asset of even greater value..
Purchase Details
Asking Price
4800000
Purchase Price
4450000
Deposit (assuming
70
% debt)
1335000
Stamp Duty
220290
Building Report*
600
Solicitor Cost*
7500
Valuation*
3500
Other Costs*
Other Fees* (Depreciation
report, bank fees)
report, bank fees)
4800000
Total Cash Required
1566890
Purchase Price + Purchasing Cost
4681890
Net Annual Cash Flow Return
319517
Net Yield on Property
7.18
%
Net Yield Accounting for
Purchasing Costs
Purchasing Costs
6.82
%
Cash-OnCash Returns
Deposit Needed =
% + Costs
1566890
Cost of Loan
(Assume
3
% pa on
70
% debt)
93450
Return of Equity
(Pure cash flow return)
15.82
%
Return of Equity with a
5% Capital Growth Rate:
30.02
%
Return of Equity with a
7% Capital Growth Rate:
35.7
%
Return of Equity
10% Capital Growth Rate:
44.22
%
*approximate number
Key Highlights
• Building Area: 3270m2
• NLA: 1520m2
• Annual increases of 3% or CPI
• Net income $319,517 pa + GST
• 1520m2 NLA across 4 separate commercial units
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