4-6 Warner St, Fortitude Valley QLD

Property Details
Building type: Office
Building area: 935m2
Land area: 586m2

Purchase Details
Purchase price: $2.75million
Net passing yield: 10.5%
$/m2 building area: $2,942/m2
$/m2 land area: $4,693/m2

Client’s Final Sale Details
Sale price: $3.1 million
$/m2 building area: $3,316/m2
$/m2 land area: $5,290/m2

Total profit in 3yrs: $350,000

Property Features

  • Recently refurbished building
  • Located 100m to Brunswick Mall and 500m to Fortitude Valley train station
  • Future redevelopment potential
  • Located opposite a large car parking station

Tenancy Details
WALE: 2.8 years
Net passing income: $289,634
Net income, $/m2: $310/m2
Tenancies: 100% leased to 1 tenant

 

 

 

 

How Did Prosper Group Assist Their Client?

Prosper Group conducted a thorough search of the clients preferred areas and presented them 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.

Prosper Group assisted their client with the sale of the property which resulted in their client making a $350,000 profit in three years.

  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