72-78 Brook St, Muswellbrook NSW
Building type: Retail
Building area: 12,639m2
Land area: 16,350m2 Purchase Details
Asking price: $40 million
Purchase price: $34.25 million
Net passing yield: 6.8%
Fully leased net yield: 8.9%
$/m2 building area: $2,710/m2
$/m2 land area: $2,095/m2
How Did Prosper Group Assist Their Client?
Through Prosper Group’s negotiation experience and reputation, their client was chosen as the successful buyer in a competitive on market sales campaign.
Prosper Group conducted a thorough due diligence analysis of the property including a strategic planning analysis for the repositioning potential of the property. Prosper Group identified various issues with the property and they were successful in negotiating a reduction in the final price to compensate for these issues.