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Purchased
Exclusive off-market: a prime industrial warehouse and distribution centre offering a strategic investment opportunity
Spanning 6,316sqm of land and featuring 3,368sqm of net lettable area, this property is a high-profile asset located on a Queensland main arterial road, with 19,000 vehicles passing daily. Currently leased to ASX-listed conglomerate Metcash, a long-standing tenant since 1999, who have recently renewed their lease for another 5 years.
Purchase Details
Asking Price
6100000
Purchase Price
5750000
Deposit (assuming
65
% debt)
2012500
Stamp Duty
311150
Building Report*
3000
Solicitor Cost*
8000
Valuation*
5000
Other Fees* (Depreciation
report, bank fees)
report, bank fees)
113050
Total Cash Required
2448900
Purchase Price + Purchasing Cost
6186400
Net Annual Cash Flow Return
413500
Net Yield on Property
7.19
%
Net Yield Accounting for
Purchasing Costs
Purchasing Costs
6.68
%
Cash-OnCash Returns
Deposit Needed =
% + Costs
2448900
Cost of Loan
(Assume
6.25
% pa on
65
% debt)
233593.75
Return of Equity
(Pure cash flow return)
7.35
%
Return of Equity with a
5% Capital Growth Rate:
21.28
%
Return of Equity with a
7% Capital Growth Rate:
25.97
%
Return of Equity
10% Capital Growth Rate:
33.02
%
*approximate number
Key Highlights
- Total land area: 6,316sqm | Net lettable area: 3,368sqm
- Warehouse of 3,085sqm with high clearance and a covered awning/loading area of 814sqm
- Leased to Metcash, an ASX-listed tenant, for 25 years, recently renewing for 5 more years
- High-profile exposure on a major arterial road with 19,000 passing vehicles daily
- Annual rent of $411,180 with 3% increases
- Potential value-add through Rethink Renewables
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