609 Harris St, Ultimo NSW

Property Details
Building type: Office
Building area: 1,334m2
Land area: 803m2

Purchase Details
Purchase price: $7.05 million
Net passing yield: 5.97%
$/m2 building area: $5,285/m2
$/m2 land area: $8,780/m2 

Property Features

  • Recently refurbished boutique building
  • Large land area with rear lane access
  • Growth area
  • Main road exposure
  • Located 1km West of Sydney CBD
  • Located 500m from Central train station

Tenancy Details
WALE: 1.5 years
Net income,pa: $421,168
Net income, $/m2: $316/m2
Tenancies: 100% leased to 2 tenants

 

 

 

 

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 identified during their initial due diligence that the property was undervalued on a vacant possession basis, and also the passing rent was below market values. This initial due diligence gave their client the confidence to proceed with purchasing this property even though it had a short WALE.

Prosper Group used their experience and knowledge of the market to negotiate a $200,000 saving for their client off the purchase price, which was more than the cost of Prosper Group’s fee.

  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