Purchased

High yield freehold!

  • 5+5 year lease
  • 17 Car Spaces
  • Annual income of $120,000 pa + outs + GST

Building Type: Commercial
Building Area: /

NLA: 1,084m2
WALE: 5

How we helped this client

This is our clients first purchase with Rethink Investing. They were purchasing a property in their SMSF. Their key criterial was 1.) Set and forget nature 2.) High yield 3.) Long lease. We found this asset for them which ticks all the boxes. After all mortgage costs and outgoings, this asset will return them a circa $70,000pa passive income! Which will go along way for them in their retirement. This property was secured off-market for our client. The asset itself represented a chance to purchase a freehold CBD asset in a strong preforming regional economy. With a strong tenant that has been there for over 10 years, on a 5+5 year lease for $120,000pa. This asset can also be strata-titled into three units, so you can potentially access upside through and selling off or revaluing individually.

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