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Purchased

Multi-tenanted industrial site with approved development upside

 

Key Highlights
● 18,800m2 (4.6 acres) of land area
● Current NLA: 4,272m2
● Medium Impact Industry Zoning
● Large multi-tenanted industrial site
● Sunshine Coast Location
● Current Net Income: $517,400.17*
● Prominent corner site with high volume of passing traffic
● 4 separate buildings and substantial hardstand
● Development approval for 5 industrial warehouses to be constructed on the rear of the site
● 17Kms to Maroochydore CBD
● 24 minutes* to local airport, 100Kms* to Brisbane Airport

Purchase Details

Asking Price

$8,250,000

Purchase Price

$8,04,139

Deposit (assuming 70% debt) - 30%

$2,801,448.78

Stamp Duty

$474,202.93

Building Report*

$1,200

Solicitor Costs

$10,000

Valuation

$8,000

Total Cash Required

$3,294,851

Purchase Price + Purchasing Costs

$8,497,572

Net Annual Cash Flow Return

$517,400

Net Yield on Property

6.46%

Net Yield Accounting for Purchase Costs

6.09%

Cash-On-Cash Returns

Deposit Needed = 30% + Costs:

$3,294,851

Cost of loan (assume 6.5% pa on 65% debt):

$338,174

Return on Equity (pure cash flow return):

5.44%

Return on Equity with a 5% Capital Growth Rate:

17.59%

Return on Equity with a 7% Capital Growth Rate:

22.44%

Return on Equity with a 10% Capital Growth Rate:

29.73%

*approximate numbers

Building Type: Industrial

WALE: 1.77 Years 

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