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Purchased
Freehold dentist with exceptionally long lease!
This freehold Dentist was recently secured off-market by Rethink Investing. If you would like help finding a similar asset, just let us know. This 7.66% yielding asset came with a 10+10+10 year lease! Rethink Investing will deliver you properties like this before they hit the market through our superior industry contacts.
Key Highlights
• Building Area: 1012m2
• NLA: 690m2
• 21 onsite car parks (14 undercover)
• 10+10+10 year lease to a dentist!
• Rent reviews of CPI + 2% pa
Purchase Details
Asking Price
3400000
Purchase Price
3100000
Deposit (assuming
70
% debt)
930000
Stamp Duty
Nil
169973
Building Report*
800
Solicitor Cost*
6000
Valuation*
4500
Other Fees* (Depreciation
report, bank fees)
report, bank fees)
Total Cash Required
1111273
Purchase Price + Purchasing Cost
3281273
Net Annual Cash Flow Return
237560
Net Yield on Property
7.66
%
Net Yield Accounting for
Purchasing Costs
Purchasing Costs
7.24
%
Cash-On-Cash Returns
Deposit Needed =
% + Costs
1111273
CASH FLOW AFTER
MORTGAGE COSTS
MORTGAGE COSTS
Cost of Loan
(Assume
3
% pa on
70
% debt)
65100
Return of Equity
(Pure cash flow return)
16.50
%
Return of Equity with a
5% Capital Growth Rate:
30.44
%
Return of Equity with a
7% Capital Growth Rate:
36.02
%
Return of Equity
10% Capital Growth Rate:
44.39
%
*approximate numbers
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