Property Details
Building type: Industrial
Building area: 850m2
Land area: 4,878m2
Purchase Details
Purchase price: $1,220,000
Net passing yield: N/A
Fully leased net yield: N/A
$/m2 building area: N/A
$/m2 land area: $250/m2
Property Features
Prominent position on the main arterial road
Great exposure
Easy access for customers and contractors
Tenancy Details
WALE: N/A
Net passing income: N/A
Net fully leased income: N/A
Net income, $/m2: N/A
Tenancies: Vacant land
How Did Prosper Group Assist Their Client?
Our client, an owner occupier, had very strict requirements in an area that offered very few available properties or sites. Through our industry contacts, we sourced a raw site which was larger than our client required. We suggested our client purchase the property and subdivide to achieve the area they required and re-sell the excess land. Our feasibility identified that subdividing and selling a smaller site would achieve a profit for our client.
Our thorough due diligence and analysis provided our client with the right strategy and the confidence to achieve the perfect premises for their needs.
Thinking ‘outside the box’ gave our client the result they were seeking.
Thanks Prosper Group for finding a business location for our growing business. As all SME owners realise, time is hard to come by. Prosper Group found the properties and narrowed them down and then in just one day for me we selected a property which meet our criteria. They then negotiated the deal and handled the required due diligence with little effort and time from myself.