Purchased

Essential service retail investment

  • Estimated net income: $256,725pa + GST
  • Everyday service tenants include District Coffee Shop, Richard’s Takeaway and Hairdressers Units, providing an excellent mix of daily retail needs
  • A brand new 10-year lease to SPAR Supermarket to 2031 plus options through to 2041, which represents 67% of the income

Building Type: Retail
Building Area: 1,137m2

NLA: 3,255m2
WALE: 7

How we helped this client

Rethink Investing’s acquisitions team recently secured this commercial property with a supermarket tenant on a 10-year lease. There are a total of four tenancies. The investment clears over $137,000pa in passive income and got the new owner. This is after 100% of the outgoings and the 65% mortgage costs at the current interest rates!

This is our client’s first property with Rethink Investing. They were looking for a high-yielding property to help build a passive income. This essential service investment had the best numbers out of any other deals we found at the time. Having multiple tenants also diversifies the income risk for the client.

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