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Retire today with your $288,000 passive income!

This asset was recently secured for our client before it hit the market. Even after a 70% mortgage cost, this will give our client a passive income of $288,000 per annum! This thriving neighbourhood centre is in a high growth suburb in Brisbane (+10.2% rolling 12 month period).

There is a strong mix of medical and food in the tenancy profile. The building was completed in 2006, so there should be a decent amount of depreciation on offer as well. Only Rethink Investing can deliver you properties like this before they hit the market through our superior industry contacts. Think about this before you buy!.

Purchase Details
Asking Price
6400000
Purchase Price
6000000
Deposit (assuming
70
% debt)
1800000
Stamp Duty
347453
Building Report*
800
Solicitor Cost*
6000
Valuation*
4500
Other Costs*
Other Fees* (Depreciation
report, bank fees)
6400000
Total Cash Required
2158753
Purchase Price + Purchasing Cost
6358753
Net Annual Cash Flow Return
393516
Net Yield on Property
6.56
%
Net Yield Accounting for
Purchasing Costs
6.19
%
Cash-OnCash Returns
Deposit Needed =
% + Costs
2158753
Cost of Loan
(Assume
3
% pa on
70
% debt)
105000
Return of Equity
(Pure cash flow return)
13.36
%
Return of Equity with a
5% Capital Growth Rate:
27.26
%
Return of Equity with a
7% Capital Growth Rate:
32.82
%
Return of Equity
10% Capital Growth Rate:
41.16
%
*approximate number

Key Highlights

• Building Area: 2245m2
• NLA: 893m2
• Net rent = $393,516 + outgoings
• Affluent suburb• 31 car spaces on site

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