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Purchased

Strong-performing freehold retail complex

The asset is a strong-performing freehold retail complex in a prized Brisbane outer city location. The multi-tenanted neighbourhood shopping centre comes with a strong WALE of 5.13 years and national tenants underpinning more than 50% of its revenue. The investment clears over $199,714 in passive income for the new owner. This is after 100% of the outgoings and 65% of the mortgage costs at the current interest rates!

This is our client’s second property with Rethink Investing. They were looking for a larger asset to help set them up for life in retirement. This deal was a big step for our clients, but they were very happy with the end result. With $200,000pa in passive income, their income is now sufficient for a comfortable retirement.

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Purchase Details
Asking Price
7000000
Purchase Price
6360000
Deposit (assuming
65
% debt)
2226000
Stamp Duty
368807
Building Report*
1500
Solicitor Cost*
10000
Valuation*
5000
Other Costs*
Other Fees* (Depreciation
report, bank fees)
7000000
Total Cash Required
2611307
Purchase Price + Purchasing Cost
6745307
Net Annual Cash Flow Return
427084
Net Yield on Property
6.72
%
Net Yield Accounting for
Purchasing Costs
6.33
%
Cash-OnCash Returns
Deposit Needed =
% + Costs
2611307
Cost of Loan
(Assume
5.5
% pa on
65
% debt)
227370
Return of Equity
(Pure cash flow return)
7.65
%
Return of Equity with a
5% Capital Growth Rate:
19.83
%
Return of Equity with a
7% Capital Growth Rate:
24.7
%
Return of Equity
10% Capital Growth Rate:
32
%
*approximate number

Key Highlights

• Building Area: 1,077m2

• NLA: 2,576m2

• Current net rent: $427,084pa net + GST

• Blue-chip asset with national retailers underpinning 50% + revenue

• Thriving neighbourhood shopping centre in a key growth corridor

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

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