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Purchased
Prime Medical Investment in Sydney's Inner West with Long-Term Lease
A prime medical investment secured off-market in Sydney’s sought-after inner west, delivering strong returns for our client:
- Land Area: 1,676 m² with a Net Lettable Area of 1,850 m².
- Tenant: Long-term lease with a private medical centre, ensuring a stable income.
- Net Income: $494,890 annually, with a net yield of 6.46%.
- Lease Highlights: Secure a 15-year term with annual rental reviews of CPI or 2.5%, whichever is greater.
- Key Features: Strategically positioned on a high-exposure corner site, zoned R1 - General Residential, offering substantial future potential.
This exceptional healthcare asset offers long-term income security and a strong tenant covenant in a thriving and resilient market.
Purchase Details
Asking Price
8248166
Purchase Price
7650000
Deposit (assuming
65
% debt)
2295000
Stamp Duty
463712.4
Building Report*
1200
Solicitor Cost*
9500
Valuation*
5000
Other Fees* (Depreciation
report, bank fees)
report, bank fees)
164885
Total Cash Required
2939297.4
Purchase Price + Purchasing Cost
8294297.4
Net Annual Cash Flow Return
494890
Net Yield on Property
6.47
%
Net Yield Accounting for
Purchasing Costs
Purchasing Costs
5.97
%
Cash-OnCash Returns
Deposit Needed =
% + Costs
2939297.4
Cost of Loan
(Assume
6.25
% pa on
65
% debt)
334687.5
Return of Equity
(Pure cash flow return)
5.45
%
Return of Equity with a
5% Capital Growth Rate:
18.46
%
Return of Equity with a
7% Capital Growth Rate:
23.67
%
Return of Equity
10% Capital Growth Rate:
31.48
%
*approximate number
Key Highlights
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