Purchased

Freehold shopping centre!

  • 11 tenants with the Spar and Liquorland tenancies underwriting almost 50% of the income stream
  • Annual income: $287,512pa + outs + GST
  • Asking price = $4.4 million (Negotiated price = $4.1 million with 5-year rental guarantees)

Building Type: Retail
Building Area: 1,228m2

NLA: 6,420m2
WALE: 5

How we helped this client

This is our client’s 2nd property with Rethink Investing. The client was targeting off-market shopping centres, one of our specialties. We found this high-yielding asset for them, which resulted in us purchasing without competition. We also negotiated rental guarantees for two vacancies which significantly reduced the risk of this asset.

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