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Purchased
76 incomes in one deal!
Secured by the Rethink Investing team for our valued client. This substantial asset features two street access over four titles. Incredibly this property came with 76 separate tenancies! We purchased this well below replacement value as well. Our client employed Rethink Investing to find them a very high yielding asset.
They had a requirement to have multiple incomes and value add opportunities. This investment was perfect for them. We are now currently in the process of finding them another even larger asset.
Purchase Details
Asking Price
10000000
Purchase Price
9550000
Deposit (assuming
70
% debt)
3342500
Stamp Duty
564713
Building Report*
3000
Solicitor Cost*
9000
Valuation*
6000
Other Costs*
Other Fees* (Depreciation
report, bank fees)
report, bank fees)
10000000
Total Cash Required
3925213
Purchase Price + Purchasing Cost
10132713
Net Annual Cash Flow Return
745352
Net Yield on Property
7.8
%
Net Yield Accounting for
Purchasing Costs
Purchasing Costs
7.36
%
Cash-OnCash Returns
Deposit Needed =
% + Costs
3925213
Cost of Loan
(Assume
3
% pa on
70
% debt)
186225
Return of Equity
(Pure cash flow return)
14.24
%
Return of Equity with a
5% Capital Growth Rate:
26.41
%
Return of Equity with a
7% Capital Growth Rate:
31.28
%
Return of Equity
10% Capital Growth Rate:
38.57
%
*approximate number
Key Highlights
• Building Area: 2.11ha
• NLA: 9,355m2
• Significant land holding of 2.11ha
• 76 tenants
• 7.8% net yield
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