4 Patricks Rd, Arana Hills, QLD

Property Details
Building type: Retail
Building area: 1,077m2
Land area: 2,576m2

 

Purchase Details
Purchase price: $5.5 million
Net passing yield: 7.0%
$/m2 building area:$5,107/m2
$/m2 land area: $2,135/m2

Property Features

  • Two adjoining retail buildings on separate titles.
  • Prominent corner site
  • 100% leased to 7 tenants, with 77% being national tenants, including; CBA, Westpac, QML, and Snap Fitness.
  • Located opposite Arana Hills plaza shopping centre.

Tenancy Details
WALE: 2.9 years
Net passing income, pa: $385,206
Net income, $/m2: $357/m2
Tenancies: 100% leased to 7 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 was a risk of a potential road widening affecting the property in the future.

The potential road widening required one of the boundaries to be moved in by 2.5m. Prosper Group’s in depth analysis of this risk established that although the potential road widening may reduce the car parking area there was still sufficient amount of space remaining to be compliant and not adversely affect the car parking amenities of the property.

 

  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