181 First Ave, Five Dock, NSW
Building type: Office
Building area: 1,178m2
Land area: 880m2Purchase Details
Purchase price: $5.82 million
Net passing yield: 0.9%
Fully leased net yield; 5.9%
$/m2 building area: $4,91/m2
$/m2 land area: $6,614/m2
How Did Prosper Group Assist Their Client?
Prosper Group’s client had been looking by themselves for over 2 years and within 3 months Prosper Group sourced a property that met their clients refined search criteria.
Prosper Group’s extensive network of contacts in the property industry allowed them to identify this off market opportunity. This meant that their client did not have to compete against any other buyers in an expression of interest campaign or an auction.
Prosper Group identified during their thorough due diligence analysis that the final planning certificate had not been obtained. This information was presented to the vendor and Prosper Group negotiated that the final planning certificate was required before settlement.