52 Morayfield Road, Caboolture South

Property Details
Building type: Medical
Building area: 1,198m2
Land area: 2,431m2

Purchase Details

Purchase price: $6.1 million
Net passing yield: 9.0%
$/m2 building area: $5,092/m2
$/m2 land area: $2,509/m2
Property Features

  • Recently constructed building
  • 100% leased to national medical centre operator, Primary Health Care
  • 100% leased to CBA
  • High exposure, main road corner site opposite Woolworths shopping centre
  • Growth area

Tenancy Details
WALE: 8.8 years
Net income, pa: $548,891
Net income, $/m2: $464/m2
Tenancies: 100% leased to one tenant

 

 

How Did Prosper Group Assist Their Client?

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.

Prosper Group used their experience and knowledge of the market to negotiate a $400,000 saving for their client off the asking price, which was more than the cost of Prosper Group’s fee. The two main factors that contributed to this saving 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.

Prosper Group identified during their thorough due diligence analysis various issues with the building that potentially were going to cost their client capital expenditure in the short to medium term. Prosper Group also identified that the vendor had not obtained the correct planning certificates. This information was presented to the vendor and Prosper Group negotiated a reduction in the purchase price, and the vendor had to provide the necessary planning certificates prior to 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