28 Browns Plains Road, Browns Plains, QLD

Property Details
Building type: Retail
Building area: 692m2
Land area: 4,014m2 

Purchase Details
Purchase price: $4.88 million
Net passing yield: 6.3%
$/m2 building area:
$7,052/m2
$/m2 land area: $1,216/m2

Property Features

  • Modern retail building
  • Prominent location
  • 100% leased to 5 tenants including national tenants; Westpac, and Suncorp.
  • Located adjacent to a Mc Donalds, Woolworths anchored neighbourhood shopping centre and major bulky good retailers

Tenancy Details
WALE: 1.6 years
Net passing income, pa: $307,730
Net income, $/m2: $444/m2
Tenancies: 100% leased to 5 tenants

 

 

 

 

How Did Prosper Group Assist Their Client?

Prosper Group’s negotiation experience and reputation assisted their client in being selected as the preferred buyer in a competitive expression of interest campaign.

Prosper Group identified during their thorough due diligence analysis that there were various repair and maintenance defects with the property. This information was presented to the vendor and Prosper Group negotiated a favourable outcome for their client that compensated their client for the costs of rectifying these defects.

Prosper Group also identified during their thorough due diligence analysis that the current vendor was losing around $3,000 pa with their current bulk electricity arrangements. Prosper Group’s in depth analysis established that that their client could renegotiate these arrangements and potentially receive a profit of around $5,000 pa.

  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