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Purchased
Industrial | $4,880,000 | Net Yield: 6.06% | Northern Tasmania Growth Corridor
A high-quality industrial and office facility positioned within one of Northern Tasmania’s most tightly held precincts. Situated on a substantial freehold landholding, the asset offers a secure income stream underpinned by a strong national tenant covenant.
Comprising a mix of modern office accommodation, clear-span warehouse space, and additional storage facilities, the property presents a rare combination of quality construction, functionality, and long-term investment stability in a highly constrained market.
Key Highlights
- Purchase Price: $4,880,000
- Net Yield: 6.06%
- Total building area: approx. 1,530 sqm
- 890 sqm office space
- 570 sqm warehouse
- 70 sqm storage shed (2-year rental guarantee)
- Landholding: approx. 3,444 sqm (freehold)
- WALE: approx. 3.66 years with 5-year option to 2029
- Net income: $295,504 p.a. + GST
- Tenant: A-grade national energy retailer with over 20 years’ industry experience
- Market reviews built into the lease (ensuring rent remains at market levels)
- 37 on-site car parks and generous hardstand area
- Recently replaced roof (2014) reducing short-term capital expenditure
- Located within Launceston’s leading industrial hub, close to key transport routes
- Surrounded by complementary commercial and industrial occupiers
Purchase Details
Asking Price
Purchase Price
4880000
Deposit (assuming
70
% debt)
1464000
Stamp Duty
Nil
215198
Building Report*
4000
Solicitor Cost*
6000
Valuation*
2500
Other Fees* (Depreciation
report, bank fees)
report, bank fees)
92720
Total Cash Required
1784418
Purchase Price + Purchasing Cost
5200418
Net Annual Cash Flow Return
299776
Net Yield on Property
6.14
%
Net Yield Accounting for
Purchasing Costs
Purchasing Costs
5.76
%
Cash-On-Cash Returns
Deposit Needed =
% + Costs
1784418
CASH FLOW AFTER
MORTGAGE COSTS
MORTGAGE COSTS
94816
Cost of Loan
(Assume
6
% pa on
70
% debt)
204960
Return of Equity
(Pure cash flow return)
5.31
%
Return of Equity with a
5% Capital Growth Rate:
18.99
%
Return of Equity with a
7% Capital Growth Rate:
24.46
%
Return of Equity
10% Capital Growth Rate:
32.66
%
*approximate numbers
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