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Purchased
SA Retail Asset | $11,000,000 | Net Yield: 6.74%
The asset comprises a modern, purpose-built facility with an approximate gross lettable area of 1,884 m² and benefits from 76 on-site car parks. The property generates a net rent of approximately $741,877 per annum, reflecting a net return of 6.74% after accounting for all non-recoverable, including land tax at the higher trust rate.
Purchase Details
Asking Price
Purchase Price
11000000
Deposit (assuming
35
% debt)
3850000
Stamp Duty
Nil
Building Report*
3500
Solicitor Cost*
10000
Valuation*
3500
Other Fees* (Depreciation
report, bank fees)
report, bank fees)
209000
Total Cash Required
4076000
Purchase Price + Purchasing Cost
11226000
Net Annual Cash Flow Return
741877
Net Yield on Property
6.74
%
Net Yield Accounting for
Purchasing Costs
Purchasing Costs
6.61
%
Cash-On-Cash Returns
Deposit Needed =
% + Costs
CASH FLOW AFTER
MORTGAGE COSTS
MORTGAGE COSTS
295022
Cost of Loan
(Assume
6.25
% pa on
35
% debt)
446875
Return of Equity
(Pure cash flow return)
7.24
%
Return of Equity with a
5% Capital Growth Rate:
20.73
%
Return of Equity with a
7% Capital Growth Rate:
26.13
%
Return of Equity
10% Capital Growth Rate:
34.22
%
*approximate numbers
Key Highlights
- Blue-chip medical and retail complex with a diverse tenant mix including established healthcare and professional services
- Fully leased, multi-tenanted asset with income of $741,877 p.a, with estimated net return of 6.74%
- Substantial 4,540m² land parcel with 1,848m² of net lettable area
- WALE of approx. 3.63 years
- Tenants have a minimum annual increase of 3% or CPI, providing consistent rental increases.
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