80 Appin Rd, Appin NSW

Property Details
Building type: Retail
Building area: 1,343m2
Land area: 4,629m2

Purchase Details
Purchase price: $3.0 million
Net passing yield: 6.6%
$/m2 building area: $2,234/m2
$/m2 land area: $649/m2

Property Features

  • New retail building
  • 100% leased to Metcash
  • Growth area
  • Main road exposure
  • Located 30km south of Sydney CBD

Tenancy Details
WALE: 15 years
Net income, pa: $197,999
Net income, $/m2: $147/m2
Tenancies: 100% leased to one tenant

 

 

How Did Prosper Group Assist Their Client?

Prosper Group used their experience and knowledge of the market to negotiate a $100,000 saving for their client off the asking price, which was more than the cost of Prosper Group’s fee.

Prosper Group enabled their client to act quickly and confidently to negotiate an offer and acceptance and secure the property in an exclusive due diligence period before the property was properly marketed.

Due to the off market nature of this transaction and the fact that the vendor was not very motivated the asking price was very firm. Prosper Group conducted an initial market appraisal of the property with recent sales and leasing evidence to give their client the confidence that the asking price was a fair market value. The market appraisal also showed that if the property was sold on the open market there was a strong chance that due to the lack of quality investments available it may have sold at a higher price.

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. This information was presented to the vendor and Prosper Group negotiated a further reduction in the purchase price of $50,000.

  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