Property Details
Building type: Retail
Building area: 656m2
Land area: 2,349m2
Purchase Details
Purchase price: $4.0 million
Net passing yield: 6.81%
$/m2 building area: $6,098/m2
$/m2 land area: $1,703/m2
Property Features
Modern retail building
Prominent corner location.
100% leased to 6 tenants.
88% of the centre is leased to medical based tenants.
Tenancy Details
WALE: 2.3 years
Net passing income, pa: $272,502
Net income, $/m2: $415/m2
Tenancies: 100% leased to 6 tenants
How Did Prosper Group Assist Their Client?
Through Prosper Group’s extensive knowledge of all markets in NSW and QLD they were able to identify this property on the Gold Coast for their NSW based client. Prosper Group identified upfront the value in this property and assisted their client in negotiating and securing the property in an exclusive due diligence period in a short period of time, before the general market had time to consider the property.
Prosper Group’s negotiation experience saved their client $250,000 of the asking price.