Property Details
Building type: Industrial
Building area: 5,803m2
Land area: 9,637m2
Purchase Details
Purchase price: $9.775 million
Net passing yield: 6.55%
$/m2 building area:
$1,684/m2
$/m2 land area: $1,014/m2
Property Features
Refurbished industrial complex which had the roof raised to modern standards
Diversification of income across 4 tenancies
Location 1km from the M2/M7 motorways
Tenancy Details
WALE: 1.9 years
Net passing income, pa: $640,289
Net income, $/m2: $110/m2
Tenancies: 100% leased to 4 tenants
How Did Prosper Group Assist Their Client?
Prosper Group conducted a thorough search of NSW including regional NSW and metropolitan Sydney locations 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 weigh up the best property that suited their criteria.
In a competitive expression of interest campaign Prosper Group’s reputation and thorough initial due diligence gave their client the advantage of being selected as the successful purchaser even though they were not the highest price.