Purchased Iconic hotel and public bar! The property has a maximum capacity of approx 800+ The income is so strong it would pay itself off in seven years Currently returning $286,000pa net Purchase Details Asking Price $3,400,000 Purchase Price $2,700,000 Deposit (assuming 70% debt) - 30% $1,080,000 Stamp Duty $145,493 Building Report* $1,200 Solicitor Costs $8,500 Valuation $4,000 Total Cash Required $1,239,193 Purchase Price + Purchasing Costs $2,859,193 Net Annual Cash Flow Return $286,000 Net Yield on Property 10.59% Net Yield Accounting for Purchase Costs 10.00% Cash-On-Cash Returns Deposit Needed = 30% + Costs: $1,239,193 Cost of loan (assume 3% pa on 70% debt): $48,600 Return on Equity (pure cash flow return): 19.16% Return on Equity with a 5% Capital Growth Rate: 30.05% Return on Equity with a 7% Capital Growth Rate: 34.41% Return on Equity with a 10% Capital Growth Rate: 40.95% *approximate numbers Building Type: Retail Building Area: 2,023m2 NLA: 2,052m2 WALE: 2.5 How we helped this client This is our client’s third property with Rethink Investing. So far they have a mix of industrial, office and now hospitality properties. They are looking to build a very large self-sustaining portfolio and this extremely high yielding asset will be the perfect addition to their portfolio. More properties Contact Us Get in touch If you’re interested in joining the lucrative world of commercial property, contact us now. *required fields Name* first name last name Phone*Email* Date Lead Submitted Date Format: DD slash MM slash YYYY NameThis field is for validation purposes and should be left unchanged.