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Purchased
Premium 10,092m² Industrial Property with Significant Upside in Hobart's Growth Corridor
A premium 10,092m² industrial property in Hobart’s high-growth corridor offers remarkable potential:
- Immediate Upside: Rents 40% below market value, with significant growth upon lease expiry.
- Prime Tenancy: Dual tenants, including a state-of-the-art warehouse and sought-after office space.
- Strategic Location: Just 6km from Hobart CBD with rezoning prospects for high-density residential.
- Strong Returns: $697,000 p.a. net income at a 7.19% yield.
Purchase Details
Asking Price
10500000
Purchase Price
9700000
Deposit (assuming
65
% debt)
3395000
Stamp Duty
432070
Building Report*
2500
Solicitor Cost*
12500
Valuation*
7000
Other Fees* (Depreciation
report, bank fees)
report, bank fees)
207730
Total Cash Required
4056800
Purchase Price + Purchasing Cost
10361800
Net Annual Cash Flow Return
697000
Net Yield on Property
7.19
%
Net Yield Accounting for
Purchasing Costs
Purchasing Costs
6.73
%
Cash-OnCash Returns
Deposit Needed =
% + Costs
4056800
Cost of Loan
(Assume
6.25
% pa on
65
% debt)
394062
Return of Equity
(Pure cash flow return)
7.47
%
Return of Equity with a
5% Capital Growth Rate:
19.42
%
Return of Equity with a
7% Capital Growth Rate:
24.2
%
Return of Equity
10% Capital Growth Rate:
31.38
%
*approximate number
Key Highlights
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