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Purchased

Ultimate City Fringe Showroom, Office & Warehouse with 3 Street Frontages

This three-level building, a rare find on the city’s fringe, offers versatile business opportunities. Boasting a net yield of over 6%—exceptional for Sydney—this multi-tenanted, freehold investment property also presents significant development prospects.

Anticipated changes through the Parramatta Road Urban Renewal Strategy in the upcoming years could further enhance its value by unlocking rezoning potential.

Purchase Details
Asking Price
12500000
Purchase Price
12000000
Deposit (assuming
65
% debt)
4200000
Stamp Duty
770810.8
Building Report*
1500
Solicitor Cost*
9500
Valuation*
8000
Other Costs*
301487.95
Other Fees* (Depreciation
report, bank fees)
12500000
Total Cash Required
5291298.75
Purchase Price + Purchasing Cost
12488322.85
Net Annual Cash Flow Return
725520
Net Yield on Property
6.05
%
Net Yield Accounting for
Purchasing Costs
5.81
%
Cash-OnCash Returns
Deposit Needed =
% + Costs
5291298.75
Cost of Loan
(Assume
6.25
% pa on
65
% debt)
487500
Return of Equity
(Pure cash flow return)
5.08
%
Return of Equity with a
5% Capital Growth Rate:
17.87
%
Return of Equity with a
7% Capital Growth Rate:
22.99
%
Return of Equity
10% Capital Growth Rate:
30.67
%
*approximate number

Key Highlights

• The building can be accessed from Water St, Gordon St, Cahill St & Pyrmont Bridge Road

• Building area of 3,100m2*

• This property offers a NET Annual Income of $725,520.00 p.a + GST (post-rental management and land tax).

• Potential planning upside including via the Parramatta Road Urban Renewal Strategy

• Offers immediate access to Sydney CBD, Newtown, and Glebe town centres and a choice of transport options

• Close to a range of popular amenities such as educational establishments, hospitals, shops, arterial roadways, cafés, restaurants, and bars

Get in touch

If you’re interested in joining the lucrative world of commercial property, contact us now.

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