Purchased

Entire blue-chip shopping centre

  • $700,000 pa + GST + Outgoings
  • Centre comprises 15 tenants
  • High Growth Corridor

Building Type: Shopping Centre
Building Area: 1,371m2

Land Area: 4,800m2
WALE: 3.7

How we helped this client

This is our valued client’s third commercial property purchased with us. As a result, they have built a passive income of over $1.5 million per annum in positive cash flow. Their first two properties were industrial assets, and they were keen to add a neighbourhood shopping centre to their portfolio. When we undertook our due diligence we uncovered several incomplete leases and discrepancies in the numbers, which, whilst these issues didn’t affect the quality of the asset, we took the opportunity to use them as leverage to secure a strong lease and negotiate an exceptional price for our client.

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