72-78 Brook St, Muswellbrook NSW

Property Details
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

Property Features

  • Subregional shopping centre with Woolworths Petrol pad site
  • Anchored by Woolworths and Big W
  • Tenancies consist of 2 Majors, 2 Mini Majors, Woolworths Petrol, and 18 specialties
  • 3 street frontages
  • 426 car parking spaces
  • Located in the main commercial centre.

Tenancy Details
WALE:  3.7 years
Passing net income, pa; $2,343,385
Fully leased net income, pa; $3,058,905
Net income $/m2; $242/m2
Tenancies: 89% leased to 23 tenants

 

 

 

 

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.

 

  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