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Purchased
A Queensland Commercial investment Opportunity with Long-Standing Retail Tenants
Coomera Waters Marketplace is a mixed-use retail and commercial offering situated across 3 standalone buildings in the Town Centre of Coomera Waters.
Purchase Details
Asking Price
7600000
Purchase Price
7050000
Deposit (assuming
65
% debt)
2467500
Stamp Duty
418000
Building Report*
1500
Solicitor Cost*
11000
Valuation*
6000
Other Fees* (Depreciation
report, bank fees)
report, bank fees)
Total Cash Required
2904000
Purchase Price + Purchasing Cost
7486500
Net Annual Cash Flow Return
494600
Net Yield on Property
7.02
%
Net Yield Accounting for
Purchasing Costs
Purchasing Costs
6.1
%
Cash-OnCash Returns
Deposit Needed =
% + Costs
2904000
Cost of Loan
(Assume
6.5
% pa on
65
% debt)
274950
Return of Equity
(Pure cash flow return)
7.56
%
Return of Equity with a
5% Capital Growth Rate:
19.7
%
Return of Equity with a
7% Capital Growth Rate:
24.26
%
Return of Equity
10% Capital Growth Rate:
31.84
%
*approximate number
Key Highlights
- Fully leased to a diverse mix of longstanding tenants, including an IGA Supermarket on a 10-year, $140/sqm* gross lease
- Supported by a pharmacy and medical centre together with popular food & beverage tenants, including the newest of 17 “Enzo’s Cucina” Italian Restaurants across NSW & QLD• Further complemented by an established mix of national and local office tenants with some operating at the Marketplace for over a decade.
- Offering 2,237sqm* of building area across three, two-level freestanding buildings• Fully Leased Net Income of $489,907 + GST p.a.Situated in Coomera – part of the booming residential and commercial growth corridor between Brisbane (50km*) and the Gold Coast (18km*). With a strong existing population of over 22,000, Coomera is projected to grow significantly by over 380% to more than 75,000 residents by 2041. It is an amenity-rich suburb with 5 schools, TAFE campus, Westfield, Train line, Dreamworld & White Water World Theme Parks and slated for a future $1.3 billion public hospital The Coomera Waters development is regarded as the premium estate within Coomera, with a per capita income 25% greater than the QLD median and house prices of over $2 million.
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