Purchased

High yield shopping centre!

  • Location: Townsville
  • Commercial Type: Freehold shopping centre with 11 tenants
  • Total current net rent: $254,000 (after 100% of the outgoings)

Building Type: Commercial
Building Area: 826m2

NLA: 3,077m2
WALE:

How we helped this client

This is our valued client’s first purchase with Rethink Investing. One of their requirements was to get a 7% net yield or better, which is very difficult in this market. However, using our strong contacts in the industry we were able to secure this asset off-market for our client earlier this year. It’s a proven successful centre with some A-grade tenants such as BWS, Domino’s and a range of other tenants who have been trading out of the centre for many years. After the due-diligence process went smoothly and this asset settled, our client is now on the hunt for their next commercial property.

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