PurchasedExceptional Industrial Investment in Tasmania! Strategically located in a light industrial estate near major transport links, just 9 km from Hobart’s CBD, this property is a rare find in Hobart’s tight industrial market. Demand for such properties is high, making it a sustainable and lucrative investment asset. What makes this property special is the rents were about 25% below market value, this indicates a major upside.Purchase DetailsAsking Price$3,400,000Purchase Price$3,050,000Deposit (assuming 70% debt) - 30%$915,000Stamp Duty$132,820.37Building Report*$1,200Solicitor Costs$8,000Valuation$4,000Total Cash Required$1,061,020.37Purchase Price + Purchasing Costs$3,916,020.37Net Annual Cash Flow Return$188,992Net Yield on Property6.20%Net Yield Accounting for Purchase Costs5.91%Cash-On-Cash ReturnsDeposit Needed = 30% + Costs:$1,061,020.37Cost of loan (assume 6.5% pa on 70% debt):$138,755Return on Equity (pure cash flow return):4.73%Return on Equity with a 5% Capital Growth Rate:19.11%Return on Equity with a 7% Capital Growth Rate:24.86%Return on Equity with a 10% Capital Growth Rate:33.48%*approximate numbers279,906.25Building Type: IndustrialWALE: 6.5 yearsTotal Land Area: 3,055m2Total Building Area: 1,902m2 Multi-Tenanted with A-Grade Offices and Warehouses Long-Term Tenants: RTC Group and King Trailer Industries Currently Under-Rented, Promising Strong Future Capital Growth Over 37m2 of Street Frontage “Light Industrial” Zoning Overlay 3 + 3 and 3 + 3 + 3 Year Lease Terms Fixed Annual 3% Increases Less than 500m from Major Glenorchy Shopping Precinct Durable Construction with Concrete Flooring and Metal Clad Construction Depreciation Benefits Boosting After-Tax ReturnsMore properties Contact UsGet in touchIf you’re interested in joining the lucrative world of commercial property, contact us now.*required fields Name* first name last name Phone*Email* HiddenDate Lead Submitted DD slash MM slash YYYY PhoneThis field is for validation purposes and should be left unchanged.