46 Elizabeth Street, 4 & 6 Frank Street, Wetherill Park NSW
Building type: Industrial
Building area: 5,256m2
Land area: 8,000m2
Purchase price: $16.285 million
Net passing yield: 4.17%
$/m2 building area: $3,098/m2
$/m2 land area: $2,035/m2
Three adjoining tilt-panel warehouse facilities occupied by a single tenant.
Three separate titles.
Future subdivision potential into three separate tenancies.
Easy container access.
Ample off-street parking.
WALE: 3.1 years
Net income, pa; $679,188.18
Net income, $129.22/m2
Tenancies: Single tenant
How Did Prosper Group Assist Their Client?
Prosper Group’s extensive knowledge and experience allowed them to develop and implement a successful negotiation strategy that resulted in their Family Office client being selected as the preferred buyer in a highly competitive on market expression of interest campaign.
Through Prosper Group’s industry contacts they were able to act quickly to undertake the necessary due diligence to place their client in an advantageous position to make an informed decision and unconditional offer at the closing of the expressions of interest campaign.
Prosper Group conducted an extensive search of the Sydney Metropolitan markets and as a result their client was comfortable and up to date with all on and off market opportunities available. Further they were aware of the current market values. This allowed our client to act quickly and confidently when the right property was identified.