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Purchased
Another high-class medical investment secured for one of our clients.
A purpose-built multi-disciplinary facility, this Brisbane Medical Centre is located just 15km from the CBD and offers general practice medicine, pharmacy, dentistry, psychology, and pathology. Situated on a substantial Centre zoned 4,109 m2 site, the practice offers a secure income stream with an impressive 8.25-year WALE* and strongly performing healthcare ecosystem comprising of 30+ doctors.
Purchase Details
Asking Price
8700000
Purchase Price
8544000
Deposit (assuming
65
% debt)
2990400
Stamp Duty
508729
Building Report*
3000
Solicitor Cost*
18000
Valuation*
4000
Other Fees* (Depreciation
report, bank fees)
report, bank fees)
181000
Total Cash Required
3701628.68
Purchase Price + Purchasing Cost
8750000
Net Annual Cash Flow Return
535849
Net Yield on Property
6.27
%
Net Yield Accounting for
Purchasing Costs
Purchasing Costs
6.12
%
Cash-OnCash Returns
Deposit Needed =
% + Costs
3705129
Cost of Loan
(Assume
6.25
% pa on
65
% debt)
347100
Return of Equity
(Pure cash flow return)
5.1
%
Return of Equity with a
5% Capital Growth Rate:
16.63
%
Return of Equity with a
7% Capital Growth Rate:
21.23
%
Return of Equity
10% Capital Growth Rate:
28.15
%
*approximate number
Key Highlights
- 4,109 m2 of land area
- 955 m2 of total net lettable area
- 23.2% site usage - Future Development Potential (STCA)
- Highly sought after healthcare market
- 43.1 metres of street frontage
- Greater of CPI or 3.00% built-in annual reviews insuring the rental growth
- Long standing tenants with market leading performance
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