2 – 10 Myall Quays Boulevard, Tea Gardens

Property Details
Building type: Retail
Building area: 4,349m2
Land area: 18,594m2

Purchase Details

Purchase price: $8.3 million
Net passing yield: 8.0%
Fully leased net yield: 8.8%
$/m2 building area: $1,908/m2
$/m2 land area: $446/m2
Property Features

  • Prominent corner site with right in and right out traffic access
  • Modern neighbourhood shopping centre with separate medical centre building
  • DA for extra 3 shops plus an extension of the Coles tenancy area
  • Growth area

Tenancy Details
WALE: 2.8 years
Net income, pa: $667,333
Net income, $/m2: $153/m2
Tenancies: 98% leased to 17 tenants

 

 

How Did Prosper Group Assist Their Client?

Prosper Group conducted a thorough search of Sydney and Brisbane and presented their client with multiple properties to consider. This gave their client the peace of mind that they were aware of all the available options both on and off market and they could use each of these options to weight up the best property that suited their criteria.

Prosper Group’s experience and knowledge of the market meant that their client submitted a competitive offer on both price and terms in the expression of interest sales campaign. Prosper Group’s reputation and relationship with the sales agent meant that their client was then chosen as the preferred buyer at the end of the campaign even though they were not the higher price. The two main factors that contributed to this were that the agent and vendor were confident in Prosper Group’s reputable purchasing history, and Prosper Group were able to complete the necessary due diligence in a short time period of only 14 days.

  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