Purchased

Large freehold retail asset

  • Net income: $329,108.81
  • Diverse tenancy mix
  • 41 parking bays

Building Type: Retail
Building Area: 1,257m2

NLA: 3,077m2
WALE: 4.4

How we helped this client

This highly exposed corner site is situated on a major thoroughfare with 22,306 vehicles passing daily. With four quality tenants in place, this asset will give our client a high level of income security. The investment clears over $167,000pa in passive income for the new owner. This is after 100% of the outgoings and 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 passive income. This large freehold asset was exactly what our clients were looking for. Having multiple tenants diversifies their income risk, which was a big positive for them.

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