Building type: Office
Building area: 6,298m2
Land area: 3,080m2
Asking price: $61.0 million
Purchase price: $60.2 million
Net passing yield: 5.9%
$/m2 building area: $9,557/m2
$/m2 land area: $19,545/m2
10 level office building
2 street frontages
Good parking facilities for 182 cars
41% leased to Ramsay Health Care
Harbour and City views from the top 7 levels
Large corner site
Located within 600m from St Leonards train station.
WALE: 1.9 years
Net income, pa; $3,551,514
Net income, $/m2; $430/m2
Tenancies: 100% leased to 10 tenants
How Did Prosper Group Assist Their Client?
Through Prosper Group’s reputation for completing transactions and their thorough initial due diligence, their client was selected as the preferred purchaser in an international expression of interest sales campaign.
Prosper Group’s experience and up to date knowledge of the market assisted their client in completing a quick due diligence analysis of the property. This gave their client a point of difference over other buyers in the sales campaign and was essential to their client securing the property.