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Purchased

Supermarket Anchored Convenience & Medical Centre.

 

Windaroo Village Shopping Centre is the epitome of convenience with a fantastic tenant mix. Sold off-market exclusively through Rethink Investing.

An Incredible Mix of Essential Services:

  • Supermarket
  • Medical Centre
  • Chempro Chemist
  • Liquorland
  • Domino’s Pizza
  • Bakery
  • Barber
  • Tobacconist

Purchase Details

Asking Price

$11,000,000

Purchase Price

$10,400,000

Deposit (assuming 65% debt) - 35%

$3,640,000

Stamp Duty

$622,030

Building Report*

$2,000

Solicitor Costs

$15,000

Valuation

$8,000

Total Cash Required

$4,287,030

Purchase Price + Purchasing Costs

$11,047,030

Net Annual Cash Flow Return

$670,675

Net Yield on Property

6.45%

Net Yield Accounting for Purchase Costs

6.07%

Cash-On-Cash Returns

Deposit Needed = 35% + Costs:

$4,287,030

Cost of loan (assume 6.25% pa on 65% debt):

$422,500

Return on Equity (pure cash flow return):

5.79%

Return on Equity with a 5% Capital Growth Rate:

17.92%

Return on Equity with a 7% Capital Growth Rate:

22.77%

Return on Equity with a 10% Capital Growth Rate:

30.05%

*approximate numbers

Building Type: Retail
Building area: 801m2

  • Windaroo Village Shopping Centre sits on 8,006m² of land
  • Income of $670,675 per annum
  • 220m of street frontage for excellent visibility
  • Building Area: NLA 1,593m²
  • A-grade tenancy mix suited for any economy
  • 19.9% site coverage for potential future development
  • Note the substantial value for tenants at $450-500/m² compared to nearby centers with rents at $800-$1000/m²
  • Brand New Expansion: Adding a 436sqm Snap Fitness on a long-term 10-year lease until 2031 (plus options).
  • Easy Access: Grade-level parking for 115 vehicles.

 

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