111 Chandos St, St Leonards, NSW

Property Details
Building type: Ofiice
Building area: 1,400m2
Land area: 764m2

Purchase Details
Purchase price: $13.75 million
Net passing yield: 5.47%
$/m2 building area:$9,821/m2
$/m2 land area: $5,159/m2

Property Features

  • Fully refurbished 2 level office building.
  • 3 street frontages.
  • Good parking facilities.
  • 100% leased to international company.
  • Zoned R4 high density residential.
  • Located close to St Leonards station and proposed Crows Nest station.

Tenancy Details
WALE: 3.5 years
Net passing income, pa: $751,883
Net income, $/m2: $537/m2
Tenancy: 100% leased to 1 tenant

 

 

 

 

How Did Prosper Group Assist Their Client?

Through Prosper Group’s relationship with the selling agent they were offered this property off market before any other buyers.

Prosper Group’s experience and up to date knowledge of the market assisted their client in conducting a quick due diligence analysis of the property, which allowed them to negotiate and exchange contracts in a short period of time which was essential to securing the property.

Prosper Group’s thorough due diligence analysis identified that there was an old oil tank under the carpark, but this tank had been decommissioned and presented a low risk of future contamination issues.

  We’re convinced that no other buyers agent offers such an unbiased and educated view on property investment as Prosper Group does.  

Mahlah Ludekens

Director - RecruitR

  The Prosper Group Team has managed our property in the most professional and dedicated manner.  

Lisette

MacMahons Point, NSW

  In all my dealings with Prosper Group I have felt the team really cared about the result, cared about the property and cared about our business relationship.  

Michelle Collins

Coogee, NSW

  It was like having a partner who was on my side – we had many discussions about all aspects of the property.  

GR

Managing Director - Paragon Crest Pty Ltd

  Without Prosper Group's help, persistence and expertise, we would not have found our ideal home.  

Alice & Jackson

  Prosper Group's negotiation skills reduced the price from $1,500,000 to $1,175,000.  

J.B.

Company Director & Investor

  Meticulous, thoroughly professional, very patient. A pleasure to deal with.  

E. Cassimatis & Family

  The value was returned in spades. I secured a great home that I would never have been able to find myself.  

Alan Arakelian

CFO - Bain and Associates

  Prosper Group was great. They were patient and found me the right property at the right price. I could not have asked for a better experience.  

Sascha Bannon

Surry Hills

  Thank you Prosper Group for all your hard work; you have found us an investment property that ticked all the boxes  

Carolyn & Anthony

Brisbane