Commercial Purchased Properties
72-78 Brook Street, Muswellbrook Purchased by Prosper Group - image 1
72-78 Brook Street, Muswellbrook Purchased by Prosper Group - image 1
⇐ ⇒

72-78 Brook Street, Muswellbrook NSW

Property Details Building type: Retail
Building area: 12,639m2
Land area: 16,350m2 

Purchase Details Asking price: $40 million
Purchase price: $34.25 million
Net passing yield: 6.8%
Fully leased net yield: 8.9%
$/m2 building area: $2,710/m2
$/m2 land area: $2,095/m2
Property Features
  • Subregional shopping centre with Woolworths Petrol pad site
  • Anchored by Woolworths and Big W
  • Tenancies consist of 2 Majors, 2 Mini Majors, Woolworths Petrol, and 18 specialties
  • 3 street frontages
  • 426 car parking spaces
  • Located in the main commercial centre.
Tenancy Details WALE:  3.7 years
Passing net income, pa; $2,343,385
Fully leased net income, pa; $3,058,905
Net income $/m2; $242/m2
Tenancies: 89% leased to 23 tenants

How Did Prosper Group Assist Their Client?

Through Prosper Group’s negotiation experience and reputation, their client was chosen as the successful buyer in a competitive on market sales campaign.

Prosper Group conducted a thorough due diligence analysis of the property including a strategic planning analysis for the repositioning potential of the property. Prosper Group identified various issues with the property and they were successful in negotiating a reduction in the final price to compensate for these issues.

 

More Commercial Purchased Properties
Previous Property
14-20 Elizabeth Avenue, Clontarf Purchased by Prosper Group
14-20 Elizabeth Avenue Clontarf QLD
Purchased
Next Property
111 Chandos Street, St Leonards Purchased by Prosper Group
111 Chandos Street St Leonards NSW
Purchased

Book a consultation today
and discover how far our
vision will take you.

 

Get started

×

Request More Information

With Vision —you prosper