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Purchased

Off-market freehold office and warehousing facility, located 5 minutes from Townsville’s CBD

 

Key Highlights
• Prime industrial/office freehold investment
• Well-presented internal office
• Built: 2016-2018
• NLA: 808m2*
• Brand new 3-year lease
• Ample onsite parking bays

Purchase Details

Asking Price

$2,200,000

Purchase Price

$2,000,000

Deposit (assuming 70% debt) - 30%

$600,000

Stamp Duty

$103,641

Building Report*

$1,000

Solicitor Costs

$7,500

Valuation

$2,500

Total Cash Required

$761,441.30

Purchase Price + Purchasing Costs

$2,161,441.30

Net Annual Cash Flow Return

$150,000

Net Yield on Property

7.50%

Net Yield Accounting for Purchase Costs

6.94%

Cash-On-Cash Returns

Deposit Needed = 30% + Costs:

$761,441.30

Cost of loan (assume 6.5% pa on 70% debt):

$91,000

Return on Equity (pure cash flow return):

7.75%

Return on Equity with a 5% Capital Growth Rate:

20.88%

Return on Equity with a 7% Capital Growth Rate:

26.13%

Return on Equity with a 10% Capital Growth Rate:

34.04%

*approximate numbers

Building Type: Office and Warehousing

WALE: XXX Years 

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