Commercial Purchased Properties
174 Cowper Street, Warrawong Purchased by Prosper Group - image 1
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174 Cowper Street, Warrawong NSW

Property Details Building type: Retail
Building area: 574m2
Land area: 888m2

Purchase Details Purchase price: $1.80 million
Net passing yield: 5.8%
$/m2 building area: $3,136/m2
$/m2 land area: $2,027/m2
Property Features
  • Older style 2 level retail building
  • Rear lane access with parking for 12 cars
  • 100% leased to CBA
  • Main road exposure
  • Located in main retail strip opposite Westfield shopping centre
Tenancy Details WALE: 1.5 years
Net income, pa: $105,000
Net income, $/m2: $183/m2
Tenancies: 100% leased to one tenant

How Did Prosper Group Assist Their Client?

Prosper Group used their experience and knowledge of the market to negotiate a $150,000 saving for their client off the asking price, which was more than the cost of Prosper Group’s fee.

Prosper Group enabled their client to act quickly and confidently to negotiate an offer and acceptance and secure the property in an exclusive due diligence period before the property was properly marketed.

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