Property Details
Building type: Retail
Building area: 4,460m2
Land area: 4,217m2
Purchase Details
Purchase price: $12.6 million
Net passing yield: 8.5%
$/m2 building area: $2,836/m2
$/m2 land area: $2,988/m2
Property Feature
Modern shopping centre
Prominent corner site
Two street access points
100% leased to Coles and 10 specialty tenant
Redevelopment potential of 15 storeys
Located 100m to Indooroopilly train station
Tenancy Details
WALE: 6.7 years
Net income, pa: $1,082,223
Net income, $/m2: $280m2
Coles, $412/m2
Specialities Tenancies: 100% leased to 11 tenants
How Did Prosper Group Assist Their Client?
Prosper Group conducted a thorough search of the clients preferred areas and presented them 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 weight up the best property that suited their criteria.
Prosper Group’s experience and knowledge of the market meant that their client submitted a competitive offer on both price and terms in the expression of interest sales campaign. Prosper Group’s reputation and relationship with the sales agent meant that their client was then chosen and the preferred buyer at the end of the campaign even though they were not the higher price.
Meticulous, thoroughly professional, very patient. A pleasure to deal with.