Commercial Purchased Properties
2 Watt Street, Gosford Purchased by Prosper Group - image 1
2 Watt Street, Gosford Purchased by Prosper Group - image 1
2 Watt Street, Gosford Purchased by Prosper Group - image 1
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2 Watt Street, Gosford NSW

Property Details Building type: Retail
Building area:  657m2
Land area: 1,310m2

Purchase Details Asking price: $3.2 million
Purchase price: $3.0 million
Net passing yield: 3.6%
Net fully leased yield: 4.9%
$/m2 building area: $4,566/m2
$/m2 land area: $2,290/m2
Property Features
  • Prominent corner location
  • 2 street frontages
  • Large land area
  • Multiple tenants
  • Located opposite a large neighbourhood shopping centre
Tenancy Details WALE: 1 year
Net income, pa; $107,344
Net income, $/m2; $218/m2
Tenancies: 75% leased to 7 tenants
 

How Did Prosper Group Assist Their Client?

Through Prosper Group’s industry contacts they identified this opportunity for their client. Prosper Group’s experience and expert negotiation skills enabled them to successfully negotiate an agreed price and terms and manage the transaction to a successful purchase.

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