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Purchased

Rare asset with two national tenants!

This is a rare asset indeed. Secured totally off-market by the skilful Rethink Investing team for our valued client. The tenants are Greencross Vets and Autobarn. Both types of businesses have been going incredibly strong through the COVID period. So lease security with these businesses are 10/10.

This was our valued clients first purchase through Rethink Investing. They were looking for security from national well-known tenants. Freehold was also a requirement as part of their property brief. This asset was perfect for them.

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Purchase Details
Asking Price
5500000
Purchase Price
5100000
Deposit (assuming
70
% debt)
1530000
Stamp Duty
285000
Building Report*
800
Solicitor Cost*
6000
Valuation*
3000
Other Costs*
Other Fees* (Depreciation
report, bank fees)
5500000
Total Cash Required
1824800
Purchase Price + Purchasing Cost
5394800
Net Annual Cash Flow Return
301200
Net Yield on Property
5.91
%
Net Yield Accounting for
Purchasing Costs
5.58
%
Cash-OnCash Returns
Deposit Needed =
% + Costs
1824800
Cost of Loan
(Assume
3
% pa on
70
% debt)
107100
Return of Equity
(Pure cash flow return)
11.61
%
Return of Equity with a
5% Capital Growth Rate:
25.59
%
Return of Equity with a
7% Capital Growth Rate:
31.18
%
Return of Equity
10% Capital Growth Rate:
39.56
%
*approximate number

Key Highlights

• Building Area: 3,306m2

• NLA: 1,444m2

• 2x national tenants

• 5+5 year lease to Autobarn CPI increase

• 5+3+3 year lease to Greencross Vets 4% increases!

Get in touch

If you’re interested in joining the lucrative world of commercial property, contact us now.

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