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Purchased
Located in fast growing Brisbane market!
This is our valued client’s first purchase with Rethink Investing. They were looking for a secure investment with good capital growth prospects. This freehold asset is located in the fast-growing Brisbane market and had a very strong tenant. A good combination in this market.
Purchase Details
Asking Price
5300000
Purchase Price
5116600
Deposit (assuming
70
% debt)
1534980
Stamp Duty
293119
Building Report*
900
Solicitor Cost*
8000
Valuation*
3500
Other Costs*
Other Fees* (Depreciation
report, bank fees)
report, bank fees)
5300000
Total Cash Required
1840499
Purchase Price + Purchasing Cost
5422119
Net Annual Cash Flow Return
307000
Net Yield on Property
6
%
Net Yield Accounting for
Purchasing Costs
Purchasing Costs
5.66
%
Cash-OnCash Returns
Deposit Needed =
% + Costs
1840499
Cost of Loan
(Assume
3
% pa on
70
% debt)
107448
Return of Equity
(Pure cash flow return)
10.84
%
Return of Equity with a
5% Capital Growth Rate:
24.74
%
Return of Equity with a
7% Capital Growth Rate:
30.3
%
Return of Equity
10% Capital Growth Rate:
38.64
%
*approximate number
Key Highlights
• Building Area: 1,405m2
• NLA: 3,263m2
• 25% site cover
• 40 onsite carparks
• Total current net rent: $307,000 (after 100% of the outgoings)
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