181 First Ave, Five Dock, NSW

Property Details
Building type: Office
Building area: 1,178m2
Land area: 880m2

Purchase 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

Property Features

  • Recently refurbished building
  • Future redevelopment potential
  • Provided vacant area for purchaser to occupy for their business premises
  • Close to Five Dock retail strip

Tenancy Details
WALE: 0.5 years
Net passing income: $57,569
Net income, $/m2: $312/m2
Tenancies: 40% leased to 6 tenants

 

 

 

 

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.

  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