Building type: Industrial
Building area: 1,958m2
Land area: 2,483m2
Purchase price: $14.5 million
Net passing yield: 3.5%
$/m2 building area: $7,406/m2
$/m2 land area: $5,839/m2
Modern industrial complex on corner site.
On site cold storage facilities
Ample on-site parking and unloading areas
Potential future development upsid
WALE: 5 years
Net income, pa; $506,836
Net income, $258/m2
Tenancies: Single tenant
How Did Prosper Group Assist Their Client?
Despite the COVID restrictions, Prosper Group was able to leverage off their extensive relationship with the required consultants in order to complete Due Diligence in a tight timeframe which was critical for this transaction to be successful.
With the Industrial market being the strongest it’s ever been, their client was extremely pleased that Prosper Group used their agent relationships and were successful in sourcing this outstanding property off market, meaning their client wasn’t involved in an extremely competitive negotiation process against other buyers.
After successfully assisting this client with purchasing a prior property in Rosebery and 12 months later selling that property to make a $3.5 million (40%) profit, our client entrusted Prosper Group in assisting them again to purchase this property and utilise these profits.