Property Details
Building type: Industrial
Building area: 7,435m2
Land area: 13,030m2
Purchase Details
Purchase price: $12.0 million
Net passing yield: 6.8%
$/m2 building area: $1,614/m2
$/m2 land area: $921/m2
Property Features
Modern industrial building with concrete walls
New 5 year lease
Fully sprinklered
Good internal clearance
Tenancy Details
WALE: 5 years
Net passing income: $816,000
Net income, $/m2: $110/m2
Tenancies: 100% leased to one tenant
How Did Prosper Group Assist Their Client?
Prosper Group conducted a thorough search of Sydney and presented their client 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’s extensive network of contacts in the property industry allowed them to identify this off market opportunity. This meant that their client did not have to compete against any other buyers in an expression of interest campaign or an auction.