Type of property: Free-Standing Period House

Client Brief: A young family searching for a home close to family in Rozelle, with great potential and little stress.Overview of the purchase: These clients had resisted getting help for almost two years, and found themselves continually missing out on properties. In that time their equity had been seriously eroded, and they were almost ready to give up. By really focusing on what they needed and wanted to avoid, and giving them the confidence of our pricing and analysis, they were able to commit to a great property in just 18 days. A very carefully planned purchase strategy was prepared and executed – resulting in a remarkable purchase well below even the bank’s valuation.

Our clients are still amazed that they now own such a substantial home.

How Did Prosper Group Assist Their Client?

Prosper Group assisted their client in making a 58% profit or $6.15 million in two years and they achieved this by;

• Sourcing the property as an off market transaction so their client didn’t have to compete against other buyers in the market.


• Using their negotiation skills and experience they achieved a price reduction of $1 million.


• Thoroughly analysing the property during a due diligence period to give their client the satisfaction that there were no major issues with the property.


• Identifying during their due diligence analysis that the property had substantial future development potential.


• Managing the property to maintain and achieve its highest and best value in its current form.


• Closely monitoring the market and identifying that the development market was at the high end of its cycle, and that it would be an opportunistic time to sell and realise the properties highest and best value.


• Managing the entire sales process which included negotiating directly with developers who were approaching the vendor, and appointing and managing a sales agent throughout the entire campaign to achieve the highest possible sales price.

 

"During 2011-12 I commissioned Prosper Group to find a multi-tenant commercial building for investment. Following many months of patient search and negotiation I eventually bought an attractive property with long term future development upside in October 2009. Detailed and patient due diligence process assured me it would be a good medium-long term hold. Proper Group managed all aspects of the purchase, management and subsequent sale. 

During the next few years the boom of conversion of commercial sites to residential apartments rapidly grew.  After many unsolicited enquiries and offers we decided to openly market the site. This was handled very well by Prosper and Ray White Commercial resulted in my accepting a very attractive offer December 2014 with delayed settlement February 2016.

Also in late 2012 through Prosper Group I bought another multi-tenant Commercial property with the same objective and criteria.  Planning changes in the area have created significant capital gain that will be realised in 3-4 years. 

In April 2009 I had bought a large single tenant industrial building that has been an excellent stable, simple well performing investment."

Ross Glasson - Private Investor

How Did Prosper Group Assist Their Client?

Prosper Group conducted a thorough search of the clients preferred areas and presented them with multiple properties to consider. This gave their client the peace of mind that they were aware of all the available options both on and off market and they could use each of these options to weight up the best property that suited their criteria.

Prosper Group’s experience and knowledge of the market meant that their client submitted a competitive offer on both price and terms in the expression of interest sales campaign. Prosper Group’s reputation and relationship with the sales agent meant that their client was then chosen and the preferred buyer at the end of the campaign even though they were not the higher price.

Meticulous, thoroughly professional, very patient. A pleasure to deal with.

Dr Emanuel Cassimatis

Type of property: Apartment

A brief like this in the hands of an inexperienced buyer can often go terribly wrong, and end up as a costly mistake. As the old saying goes - “you make money on property when you purchase it, not the other way around”.

We were able to educate our clients on what really makes a great investment, and then find him one off-market and with no competing buyers.

The property came with a fantastic tenant paying above market rent. The exchange was made simultaneously with a fresh 12 month lease – an ideal purchase for a young investor.

]]> Tue, 15 Dec 2015 00:00:00 +1100 https://www.prospergroup.com.au/422/4-3-bariston-avenue-cremorne https://www.prospergroup.com.au/422/4-3-bariston-avenue-cremorne

Type of property: Apartment

Client Brief: Our client had a simple brief, make his first foray into the Sydney property market successful and stress-free.Overview of the purchase: Sascha was a dream client – trusting, responsive, open to multiple locations and keen to make a really smart purchase.

After walking away from a 48sqm one-bedder in Potts Point, we identified an oversized 78sqm one-bedder struggling to sell after a botched auction campaign. Located in a prime block with parking, it also came with a fastidious tenant intact.

We were able to complete all the due diligence necessary in just 24 hours, and exchanged contracts below market value!

How Did Prosper Group Assist Their Client?

Prosper Group used their experience and knowledge of the market to negotiate a $100,000 saving for their client off the asking price, which was more than the cost of Prosper Group’s fee.

Prosper Group enabled their client to act quickly and confidently to negotiate an offer and acceptance and secure the property in an exclusive due diligence period before the property was properly marketed.

Due to the off market nature of this transaction and the fact that the vendor was not very motivated the asking price was very firm. Prosper Group conducted an initial market appraisal of the property with recent sales and leasing evidence to give their client the confidence that the asking price was a fair market value. The market appraisal also showed that if the property was sold on the open market there was a strong chance that due to the lack of quality investments available it may have sold at a higher price.

Prosper Group identified during their thorough due diligence analysis various issues with the building that potentially were going to cost their client capital expenditure in the short to medium term. This information was presented to the vendor and Prosper Group negotiated a further reduction in the purchase price of $50,000.

Type of property: Apartment

It could have been months before another offering of this quality and value became available in the same area. Our clients were thrilled!

]]> Wed, 16 Dec 2015 00:00:00 +1100 https://www.prospergroup.com.au/525/236-18-26-church-avenue-mascot https://www.prospergroup.com.au/525/236-18-26-church-avenue-mascot

Type of property: Free-Standing House

Ellalong Rd was identified to meet the brief and the client instantly saw the potential and fell in love. The house was being sold via an auction campaign and after conducting our market appraisal it was our view that the vendor had expectations above market. The property was passed in at auction which allowed us to immediately commence negotiations and after one week contracts were exchanged. Our final agreed price was $150,000 below auction expectations. Further, we were not the highest offer at the time however our terms and speed enabled our client to secure the property. Our client was extremely happy.

]]> Thu, 17 Dec 2015 00:00:00 +1100 https://www.prospergroup.com.au/591/74-ellalong-road-cremorne https://www.prospergroup.com.au/591/74-ellalong-road-cremorne

How Did Prosper Group Assist Their Client?

Prosper Group assisted their client with the process of selling their property and then purchasing a new property for their business and also as an investment. Due to the sale of their property their client had a limited time frame and selective search criteria to be achieved. Prosper Group conducted an extensive search of the clients preferred areas and they identified this off market opportunity which offered vacant space for their business and also additional income for investment.

Prosper Group identified during their thorough due diligence analysis various issues with the building that potentially were going to cost their client capital expenditure in the short to medium term. This information was presented to the vendor and Prosper Group negotiated a reduction in the purchase price of $100,000.

"The Country Women’s Association of New South Wales formed a relationship with Prosper Group in 2013 to assist with its future accommodation strategy. This included the sale of its long held premises in Potts Point and the subsequent search and purchase of a new property.

The Prosper team provided valuable advice to the Property Sub-Committee over the process and their knowledge and insight into the market was second to none. They were very professional in their approach and at times went out of their way to provide additional assistance.

Subsequent to the purchase of our new State office, we then engaged Prosper to source a residential investment property. Again their expertise and professionalism ensured an excellent outcome for our organisation.

In addition, we are now utilising Prosper’s Commercial Property Asset Management services to manage our newly acquired site.

We would not hesitate to recommend Prosper Group to our business associates."

Donna Wilkins
Executive Officer
Country Women's Association of NSW

How Did Prosper Group Assist Their Client?

Our client’s original investment brief was to purchase an industrial investment in Sydney or the Hunter for under $3 million. Due to the lack of good opportunities and the low yields in these areas this client listened to Prosper Group’s advice and expanded their search area to include Brisbane. As a result they had more opportunities to consider from new buildings with long term leases on 7% net yields to older buildings with short leases on 9% net yields. They decided to purchase a higher yielding property with the knowledge that this high return is compensation for the additional risk of an older style building and short term lease.

"We thank Prosper Group for their diligent and professional approach in assisting us with purchasing a commercial investment property. Prosper Group really helped guide us through the ups and downs of finding, negotiating, analysing and successfully purchasing an investment that satisfied our requirements.

Prosper Group’s experience and expertise kept us ahead of the market and helped us be competitive in a strong market. They also provided us with a diversified search covering all of NSW and QLD which ultimately led us to buy a property in Brisbane when we were originally only considering Sydney and the Newcastle region. Although this was a new market for us Prosper Group made us feel comfortable with the area and the property and we achieved a better result than the properties we were considering in Sydney.

We valued and enjoyed the education on industrial properties throughout the search, and appreciated the market background intelligence so as we could reassess our strategy in moving market conditions.

We are happy to have Prosper Group as our property adviser and asset manager."

Norris Family

How Did Prosper Group Assist Their Client?

Prosper Group conducted a thorough search of the clients preferred areas and presented them with multiple properties to consider. This gave their client the peace of mind that they were aware of all the available options both on and off market and they could use each of these options to weight up the best property that suited their criteria.

Prosper Group identified during their initial due diligence that the property was undervalued on a vacant possession basis, and also the passing rent was below market values. This initial due diligence gave their client the confidence to proceed with purchasing this property even though it had a short WALE.

Prosper Group used their experience and knowledge of the market to negotiate a $200,000 saving for their client off the purchase price, which was more than the cost of Prosper Group’s fee.

How Did Prosper Group Assist Their Client?

After an extensive search across metropolitan Brisbane Prosper Group identified this off market opportunity. This meant that their client did not have to compete against any other buyers in an expression of interest campaign or an auction.

Due to the off market nature of this transaction and the fact that the vendor was not very motivated the asking price was very firm. Prosper Group conducted an initial market appraisal of the property with recent sales and leasing evidence to give their client the confidence that the asking price was a fair market value. The market appraisal also showed that if the property was sold on the open market there was a strong chance that due to the lack of quality investments available it may have sold at a higher price.

Prosper Group identified during their thorough due diligence analysis that there was a discrepancy in the net income of around $10,600 which when capitalised at the purchase yield of 6.4% meant that their client was losing around $165,000. This information was presented to the vendor and Prosper Group negotiated a reduction in the purchase price. This saving for their client off the purchase price was more than the cost of Prosper Group’s fee.

Type of property: Semi-detached house

With other keen interest on this property, there was a need to move quickly. We commenced negotiations immediately following the inspection and our client exchanged contracts at 5pm on the same day as the private viewing. Prosper Group further assisted by managing minor renovations allowing our client to maximise his rental returns.

]]> Sun, 20 Dec 2015 00:00:00 +1100 https://www.prospergroup.com.au/656/76-wellington-street-bondi-beach https://www.prospergroup.com.au/656/76-wellington-street-bondi-beach

How Did Prosper Group Assist Their Client?

Prosper Group conducted a thorough search of Sydney and NSW and presented their client with multiple properties to consider. This gave their client the peace of mind that they were aware of all the available options both on and off market and they could use each of these options to weight up the best property that suited their criteria.

Prosper Group’s extensive network of contacts in the industry enabled them to identify this off market opportunity which meant that their client did not have to compete against any other buyers in an expression of interest campaign or an auction.

Prosper Group used their experience and knowledge of the market to negotiate a $300,000 saving for their client off the purchase price, which was more than the cost of Prosper Group’s fee.

Prosper Group negotiated that the new building was purchased on a ‘fund through’ basis which meant that their client’s stamp duty costs were substantially reduced. Prosper Group organised and managed the entire ‘fund through’ process from completion of the necessary upfront documentation through to practical completion.

How Did Prosper Group Assist Their Client?

Prosper Group used their experience and knowledge of the market to negotiate a $150,000 saving for their client off the asking price, which was more than the cost of Prosper Group’s fee.

Prosper Group enabled their client to act quickly and confidently to negotiate an offer and acceptance and secure the property in an exclusive due diligence period before the property was properly marketed.

How Did Prosper Group Assist Their Client?

Prosper Group’s extensive knowledge of all commercial markets in NSW allowed them to identify this regional NSW opportunity. The property provided their client with a secure long term investment and a net yield that was higher than what they would have been able to achieve by purchasing an investment in metropolitan Sydney.

Prosper Group used their experience and knowledge of the market to negotiate a $100,000 saving for their client off the asking price, which was more than the cost of Prosper Group’s fee.

Prosper Group identified during their thorough due diligence analysis that; there was a risk that one of the tenants may not pay their outgoing contributions, and one of the tenants rent may decrease on the next market review which was one year away. This information was presented to the vendor and Prosper Group negotiated a favourable outcome for their client that eliminated these risks.

I’m very happy with the service Prosper Group have provided with my search and acquisition. Their professionalism, persistence and understanding of my needs in commercial property were outstanding and I would highly recommend them.

Anthony

• 23,785 SQM across 2 Industrial warehouses
• Prosper Group managed the construction process of the second warehouse being 13,078 SQM in size
   

Type of property: Apartment

We sourced this modern, open plan apartment with no common walls in a secluded and boutique block and successfully negotiated the price down to within our client’s budget.

With our help and industry contacts our client then moved quickly to secure this great property.

]]> Wed, 13 Jan 2016 00:00:00 +1100 https://www.prospergroup.com.au/819/14-63-71-gilderthorpe-avenue-randwick https://www.prospergroup.com.au/819/14-63-71-gilderthorpe-avenue-randwick

Type of property: Apartment

With $650,000 to spend, we were able to locate a fully renovated one bedroom apartment, with valuable car parking and balconies from both the bedroom and the lounge areas for $620,000.

Within a well maintained apartment complex overlooking Mosman Bay, this apartment achieved our clients criteria.

]]> Wed, 13 Jan 2016 00:00:00 +1100 https://www.prospergroup.com.au/830/13-3-mosman-street-mosman https://www.prospergroup.com.au/830/13-3-mosman-street-mosman

Type of property: Townhouse

The brief from our client was to purchase a property which was a good investment, however at the same time the property must provide the features of a home which they may live in upon their return to Sydney.

After missing out on the first identified property as the eventual sale price was above market in our opinion. Shortly after, Reed Street was identified to meet the criteria of the property. We inspected the property within the first week of an Auction campaign, however by this stage the agent had already received offers. Within 24 hours of our inspection Prosper Group completed their due diligence and had negotiated a purchase price based on the contract being executed within the following 24 hours. The contracts were exchanged and our clients are very happy.

]]> Wed, 13 Jan 2016 00:00:00 +1100 https://www.prospergroup.com.au/806/5-7-reed-street-cremorne https://www.prospergroup.com.au/806/5-7-reed-street-cremorne

Type of property: Apartment

Client Brief: Overseas expat wanting a Sydney Investment property.Overview of the purchase: Our brief was to secure a 2 bedroom investment property in the Inner West which is close to schools, Shops, Cafe’s and easy transport to the CBD. The budget was up to $800,000.

We were able to source an off market opportunity in Annandale dealing direct with the vendor. The apartment was part of a converted warehouse which featured cathedral ceilings, 2 large bedrooms, large living areas, over-sized entertaining terrace and car parking with additional storage.

With a purchase price of $780,000 our client was very happy.

Type of property: Semi

Once engaged Prosper Group approached their network of agents in the clients preferred suburbs. Immediately we were advised of several off market opportunities including 35 Slade Street which was coming to the market in the next few weeks. Following an inspection our clients felt this was the best house they had seen to date and were keen to purchase.

In this case the property could not be purchased prior to a campaign commencing, however we were able to prepare ourselves in readiness to negotiate once the campaign commenced. Following the first open home, competitive negotiations took place and contracts were exchanged shortly after.

]]> Wed, 13 Jan 2016 00:00:00 +1100 https://www.prospergroup.com.au/848/35-slade-street-naremburn https://www.prospergroup.com.au/848/35-slade-street-naremburn

Type of property: House

Client Brief: Seeking a prestigious investment propertyOverview of the purchase: Our client was looking to purchase a prestigious investment property in Sydney’s Easter Suburbs which would attract high class professional tenants.

The ‘feel’ and location of the property was very important to our client. Prosper Group conducted a full market search of suitable properties in the preferred suburbs and prepared a shortlist for our client to inspect. In a few hours our client had completed his inspections and 37 Caledonia St, Paddington was our client’s standout property.

Knowing the property would be very attractive to young professionals and downsizers, therefore in high demand, we moved quickly to complete our due diligence and negotiate the best purchase price on behalf of our client.

Type of property: Apartment

Not knowing Brisbane well, we picked our clients up from the airport and spent the day driving them around the different markets/suburbs which we felt suited their criteria. New Farm and the Julius Street apartment were both standouts for our clients.

The apartment was within a boutique block of 6 apartments, well located and very unique with its art deco design.

The property was being sold via an auction campaign. Prosper Group completed their due diligence and attended the auction on behalf of our client. We were successful with our bidding and purchased the property below our clients expectations.

]]> Thu, 14 Jan 2016 00:00:00 +1100 https://www.prospergroup.com.au/864/3-1-julius-street-new-farm https://www.prospergroup.com.au/864/3-1-julius-street-new-farm

Type of property: Apartment

Client Brief: Our client was seeking a low maintenance investment property.Overview of the purchase: For years our client had wanted to purchase an investment property however never did as she too nervous to make the commitment. After being referred to Prosper Group we assisted this client with her criteria and then handled everything from that point onwards.

The client inspected our shortlist of properties and was happy with all options. After further analysis and discussions, Stevenson Street was the preferred property. Prosper Group negotiated a great purchase price and handled the due diligence.

Our client was very happy and at the time of settlement thanked us for getting her into the market and said the process was so easy that she’ll be buying another property shortly.

Type of property: House

Client Brief: Seeking the right location, block size and aspect to build the families forever home.Overview of the purchase: This brief was not about the property/house, rather all about the block of land. Our clients plan was to build their forever family home on this block.

The brief was a large land size with the right aspect and located within a handful of selected suburbs.

During our search an agent we knew advised us of a property which was about to come onto the market. This property was perfect, including a North facing land size of 2,555m2.

The property had to be sold via an auction campaign. On behalf of our clients we were successful at the auction and well below their clients upper limit.

Our clients have since build their forever home and are very happy.

Type of property: Apartment

Within 3 weeks of commencing our search a Naremburn property was located which ticked all the boxes.

Located within a coveted well maintained apartment complex, this 125 sqm property offered 2 large bedrooms, 2 full bathrooms, internal laundry, updated kitchen and a North facing terrace overlooking manicured gardens, plus double garage parking and storage facility.

Purchased well within our appraised market value, these first home owners were over the moon.

]]> Thu, 14 Jan 2016 00:00:00 +1100 https://www.prospergroup.com.au/899/33-252-willoughby-road-naremburn https://www.prospergroup.com.au/899/33-252-willoughby-road-naremburn

Type of property: Apartment

Fortunately, our client recognised his vulnerability, and engaged our professional skills and experience to evaluate the property and negotiate its purchase for significantly less than he was expecting to pay. Along the way, he has gained greater insights into purchase strategies and how to really assess property as a market commodity.

During negotiations we sensed that the vendor was financially committed elsewhere, and offered an earlier settlement date in exchange for a substantially discounted price. The strategy worked, and we quickly and quietly secured this unique property with additional inclusions for a very happy client.

]]> Thu, 14 Jan 2016 00:00:00 +1100 https://www.prospergroup.com.au/906/6-92-brighton-boulevard-north-bondi https://www.prospergroup.com.au/906/6-92-brighton-boulevard-north-bondi

Type of property: Apartment

Client Brief: Investment property with depreciation benefitsOverview of the purchase: This brand new, architecturally designed block of six ticked all the boxes.

The unit has no common walls, an over-sized balcony with a northerly aspect, internal laundry, two bathrooms, secure basement parking and is located only 250m from Maroubra beach.

Prosper Group property management found a tenant prior to settlement and achieved a higher rental rate than the client’s expectations.

Type of property: House

This lovely property occupies 910m2 of land in a quiet leafy street yet just minutes to shops and the train station.

With three living areas, there is good potential to increase the number of bedrooms as the family grows.

Our clients have settled in and are enjoying their new home.

]]> Fri, 15 Jan 2016 00:00:00 +1100 https://www.prospergroup.com.au/946/18-bolwarra-avenue-west-pymble https://www.prospergroup.com.au/946/18-bolwarra-avenue-west-pymble

Type of property: Apartment

This decent size apartment had just been renovated to include good quality fixtures and finishes.

The attraction of this property to our clients included; recent renovation, good floor plan, boutique complex, no lifts, walking distance to Edgecliff train station, plenty of natural light and depreciation benefits.

]]> Fri, 15 Jan 2016 00:00:00 +1100 https://www.prospergroup.com.au/970/11-370-edgecliff-road-woollahra https://www.prospergroup.com.au/970/11-370-edgecliff-road-woollahra

Type of property: House

Client Brief: Seeking an Inner Brisbane house with an extensive criteria listOverview of the purchase: Our NSW based clients were looking for a house in Brisbane that would:

• Generate a good investment yield

• Provide depreciation benefits through a recent renovation

• Have potential to add value in the future

• Be in a sought after location

This Red Hill house ticked all these boxes and our clients are delighted with their new Brisbane investment property.

Type of property: Townhouse

Client Brief: Seeking a low maintenance investment property with depreciation benefitsOverview of the purchase: Our time poor clients engaged us to source them an investment property which wouldn’t present any ongoing stress.

The property we sourced is a three bedroom plus study nook, executive townhouse on 220m2 of land in the inner Brisbane suburb of Morningside. The property is in a small complex of 4 and individually titled, therefore no strata hassles of fees.

Once rented the rental yield achieved was 5.3%, plus depreciation benefits.

Type of property: Townhouse

This 3 bedroom townhouse was exactly what our client was seeking.

The property was being sold via an auction campaign. Knowing our client didn’t want to miss out on the property Prosper Group quickly appraised the value of the property and commenced negotiations. Even in a very strong rising market we were able to negotiate a price within our appraised range and moved quickly with an exchange.

]]> Fri, 15 Jan 2016 00:00:00 +1100 https://www.prospergroup.com.au/963/3-15-19-kyngdon-street-cammeray https://www.prospergroup.com.au/963/3-15-19-kyngdon-street-cammeray

How Did Prosper Group Assist Their Client?

Prosper Group’s experience and knowledge of the market meant that their client submitted a competitive offer on both price and terms in the expression of interest sales campaign. Prosper Group’s reputation and relationship with the sales agent meant that their client was then chosen as the preferred buyer at the end of the campaign.

Prosper Group used their experience and knowledge of the market to negotiate a $400,000 saving for their client off the asking price, which was more than the cost of Prosper Group’s fee. The two main factors that contributed to this saving were that the agent and vendor were confident in Prosper Group’s reputable purchasing history, and Prosper Group were able to complete the necessary due diligence in a short time period of only 14 days.

Prosper Group identified during their thorough due diligence analysis various issues with the building that potentially were going to cost their client capital expenditure in the short to medium term. Prosper Group also identified that the vendor had not obtained the correct planning certificates. This information was presented to the vendor and Prosper Group negotiated a reduction in the purchase price, and the vendor had to provide the necessary planning certificates prior to settlement.

How Did Prosper Group Assist Their Client?

Prosper Group used their experience and knowledge of the market to negotiate a $100,000 saving for their client off the purchase price, which was more than the cost of Prosper Group’s fee.

Prosper Group managed the entire transaction including initial due diligence, negotiations and conducting a thorough due diligence analysis. This saved their client considerable time and effort, and also gave them the peace of mind that all aspects of the transaction were handled professionally and on time.

How Did Prosper Group Assist Their Client?

Prosper Group conducted a thorough search of Sydney and Brisbane and presented their client with multiple properties to consider. This gave their client the peace of mind that they were aware of all the available options both on and off market and they could use each of these options to weight up the best property that suited their criteria.

Prosper Group’s extensive network of contacts in the property industry allowed them to identify this off market opportunity. This meant that their client did not have to compete against any other buyers in an expression of interest campaign or an auction.

Prosper Group identified during their thorough due diligence analysis various issues with the building that potentially were going to cost their client capital expenditure in the short to medium term. This information was presented to the vendor and Prosper Group negotiated a further reduction in the purchase price.

How Did Prosper Group Assist Their Client?

Prosper Group conducted a thorough search of the clients preferred areas and presented them with multiple properties to consider. This gave their client the peace of mind that they were aware of all the available options both on and off market and they could use each of these options to weight up the best property that suited their criteria.

Prosper Group’s experience and knowledge of the market meant that their client submitted a competitive offer on both price and terms in the expression of interest sales campaign. Prosper Group’s reputation and relationship with the sales agent meant that their client was then chosen as the preferred buyer at the end of the campaign even though they were not the higher price.

Prosper Group assisted their client with the sale of the property which resulted in their client making a $350,000 profit in three years.

How Did Prosper Group Assist Their Client?

Prosper Group conducted a thorough search of Sydney and Brisbane and presented their client with multiple properties to consider. This gave their client the peace of mind that they were aware of all the available options both on and off market and they could use each of these options to weight up the best property that suited their criteria.

Prosper Group’s experience and knowledge of the market meant that their client submitted a competitive offer on both price and terms in the expression of interest sales campaign. Prosper Group’s reputation and relationship with the sales agent meant that their client was then chosen as the preferred buyer at the end of the campaign even though they were not the higher price. The two main factors that contributed to this were that the agent and vendor were confident in Prosper Group’s reputable purchasing history, and Prosper Group were able to complete the necessary due diligence in a short time period of only 14 days.

How Did Prosper Group Assist Their Client?

Prosper Group’s extensive network of contacts in the property industry allowed them to identify this off market opportunity. This meant that their client did not have to compete against any other buyers in an expression of interest campaign or an auction.

Prosper Group identified during their thorough due diligence analysis that the lease was structured as three 5 year leases with a put and call option review mechanism, and the first term had only 3.5 years remaining. Prosper Group conducted further investigations to identify that the structure of the leases were satisfactory and the total initial term remaining was 13.5 years. This information gave their client the confidence to proceed with purchasing this property even though the initial term of the lease was only 3.5 years.

How Did Prosper Group Assist Their Client?

Prosper Group’s client had been looking by themselves for over 2 years and within 3 months Prosper Group sourced a property that met their clients refined search criteria.

Prosper Group’s extensive network of contacts in the property industry allowed them to identify this off market opportunity. This meant that their client did not have to compete against any other buyers in an expression of interest campaign or an auction.

Prosper Group identified during their thorough due diligence analysis that the final planning certificate had not been obtained. This information was presented to the vendor and Prosper Group negotiated that the final planning certificate was required before settlement.

Type of property: Apartment

Client Brief: Investment property within a character buildingOverview of the purchase: Our client was looking for a well-located apartment within a character building.

This Annandale apartment is located within a tightly held well renown redeveloped heritage building only a few minutes walk to the light rail, shops, cafes and Parramatta Rd.

The unit has two bedrooms and an open plan living area that leads out onto a north-facing balcony and secure parking.

Our client was very happy with the financial numbers of this deal and equally happy with the properties character.

How Did Prosper Group Assist Their Client?

Prosper Group’s extensive network of contacts in the industry enabled them to identify this off market opportunity which meant that their client did not have to compete against any other buyers in an expression of interest campaign or an auction.

Prosper Group identified during their initial due diligence that the passing rent was below market values if the property was to be split up into smaller tenancies. This initial due diligence gave their client the confidence to proceed with purchasing this property even though it had a short WALE.

Prosper Group enabled their client to act quickly and confidently to negotiate an offer and acceptance and secure the property in an exclusive due diligence period before the property was properly marketed.

Due to the off market nature of this transaction and the fact that the vendor was not very motivated the asking price was very firm. Prosper Group conducted an initial market appraisal of the property with recent sales and leasing evidence to give their client the confidence that the asking price was a fair market value. The market appraisal also showed that if the property was sold on the open market there was a strong chance that due to the lack of quality investments available it may have sold at a higher price.

How Did Prosper Group Assist Their Client?

Prosper Group’s extensive network of contacts in the industry enabled them to identify this off market opportunity which meant that their client did not have to compete against any other buyers in an expression of interest campaign or an auction.

Due to the off market nature of this transaction and the fact that the vendor was not very motivated the asking price was very firm. Prosper Group conducted an initial market appraisal of the property with recent sales and leasing evidence to give their client the confidence that the asking price was a fair market value. The market appraisal also showed that if the property was sold on the open market there was a strong chance that due to the lack of quality investments available it may have sold at a higher price.

Prosper Group identified during their thorough due diligence analysis various issues with the building that potentially were going to cost their client capital expenditure in the short to medium term. This information was presented to the vendor and Prosper Group negotiated a reduction in the purchase price of $50,000.

Prosper Group understood the type of property investment profile we were seeking and provided numerous properties for the association to consider. The shortlist were quality properties and the due diligence work that Prosper Group undertook was very thorough and provided valuable information for the board to consider. The NSW Farmers Association has ended up with 2 high quality buildings. Thank you Prosper Group.

Matt Brand - CEO
NSW Farmers Association

Type of property: House

Client Brief: Renovated Inner West houseOverview of the purchase: We sourced this beautifully renovated three bedroom terrace located in one of the best streets in Stanmore. Our client's secured this property at a price they were very happy with.

There is 165m2 of land on title and the property benefits from rear lane access with space for a car. The property contained a good floor plan with generous room sizes. There is also a fully lined attic which could be used for storage.

A tenant was secured prior to settlement, making our clients even happier.

Type of property: Townhouse

Client Brief: Seeking an investment property on the Lower North Shore close to transport and shopsOverview of the purchase: Through our agents network this property was put to us prior to the campaign commencing.

The property was 200m from a Woolworths, 250m to the bus stop and 200m to strip shops, cafes and restaurants.

After inspecting the property we knew this was the property our client was seeking. We immediately arranged an inspection with our client for later that day. The client agreed with our views and within 24 hours the purchase had been negotiated.

Our client was very happy at the price they paid for this property and thrilled they were able to make the purchase before the property was advertised, meaning they didn’t have to compete with other buyers.

Type of property: House

Client Brief: Our client, a young CFO of a well renown International company, was seeking a certain style of ‘warehouse’ property which he could renovate to add value.Overview of the purchase: Prosper Group presented this chic warehouse style property , which our client immediately loved.

A smart auction strategy enabled us to secured the property for our client at a sensible price. A year later the property’s value had increased by $100,000.

How Did Prosper Group Assist Their Client?

Prosper Group’s extensive network of contacts in the property industry allowed them to identify this off market opportunity. This meant that their client did not have to compete against any other buyers in an expression of interest campaign or an auction.

Prosper Group identified during their thorough due diligence analysis that there was a discrepancy with the lettable area which meant that the final lease rate was higher than originally notified by the selling agent. Prosper Group conducted further investigations to identify that the higher lease rate was still within market rent rates for medical centres.

This information gave their client the confidence to proceed with purchasing this property even though the final lettable area was less than the original area notified by the agent.

How Did Prosper Group Assist Their Client?

After an extensive search across metropolitan Brisbane Prosper Group identified this off market opportunity. This meant that their client did not have to compete against any other buyers in an expression of interest campaign or an auction.

Prosper Group used their experience and knowledge of the market to negotiate a $500,000 saving for their client off the purchase price, which was more than the cost of Prosper Group’s fee.

Prosper Group identified during their thorough due diligence analysis that a few of the tenants were still on existing incentives. This information was presented to the vendor and Prosper Group negotiated that the outstanding incentives were to be paid by the vendor as a cash rebate on settlement.

Type of property: Apartment

Client Brief: An investment property which would attract executive tenantsOverview of the purchase: After shortlisting and inspecting a few opportunities our client agreed this apartment meet their criteria.

The property is an overly large modern 2 bedroom, 2 bathroom apartment, with living areas leading onto a North facing balcony. The property is part of a small boutique complex and includes all the modern luxuries, including; top of the range Kitchen appliances, security system, reverse cycle air conditioning. All within a short walk to Coogee beach.

Being recently built, the apartment provided depreciation benefits for our client.

How Did Prosper Group Assist Their Client?

Prosper Group identified during their initial due diligence that the property was undervalued on a capital value basis, and also the passing rents were below market values. This initial due diligence gave their client the confidence to proceed with purchasing this property even though it had a short WALE.

Prosper Group’s experience and knowledge of the market meant that their client submitted a competitive offer on both price and terms in the expression of interest sales campaign. Prosper Group’s reputation and relationship with the sales agent meant that their client was then chosen as the preferred buyer at the end of the campaign even though they were not the higher price.

After purchasing the property Prosper Group’s management team worked with the existing short team lease expires to significantly improve the WALE in a short period of time.

How Did Prosper Group Assist Their Client?

Prosper Group’s client had outgrown their existing business premises and they required a larger premises within the same area.  Due to their size requirement, preferred locations and budget they were limited to strata office suites in a market with very little strata office stock.

In a very competitive market Prosper Group conducted an extensive search of the clients preferred areas and they identified this off market opportunity which offered vacant space for their new business premises.

Type of property: Apartment

This unit was designed by one of Sydney’s prominent architects and ticked all our clients boxes; only 1 common wall, 3 bedrooms, 2 outdoor entertaining areas, large living dining area, 2 car spaces and additional storage space.

Straight away this property gave our client the wow feeling and pre auction we negotiated a great price. Nine months later an almost identical unit sold in the block for 24% more!

]]> Fri, 22 Jan 2016 00:00:00 +1100 https://www.prospergroup.com.au/1087/102-433-alfred-street-neutral-bay https://www.prospergroup.com.au/1087/102-433-alfred-street-neutral-bay

Type of property: Terrace

]]> Fri, 29 Jan 2016 00:00:00 +1100 https://www.prospergroup.com.au/1110/131-evans-street-rozelle https://www.prospergroup.com.au/1110/131-evans-street-rozelle

Type of property: House

After researching different locations, including average sales price and yields, the Central Coast was determined as our clients preferred location.

A thorough search was conducted and a shortlist prepared for our clients to inspect. Following the inspections our clients didn’t wish to see any further properties as this property exceeded their expectations.

]]> Tue, 02 Feb 2016 00:00:00 +1100 https://www.prospergroup.com.au/1138/6-casino-drive-terrigal https://www.prospergroup.com.au/1138/6-casino-drive-terrigal

• 1,605 SQM Medical Centre
• 100% leased to a prominent medical centre with 6 other medical related tenants
• Prior to Prosper Group taking over the management the property had never been 100% leased

• 2,601 SQM Commercial building
• Continuously 100% leased whilst managed by Prosper Group
• Well located to shops and transport
• Large wrap around balconies on each level

• 4,349 SQM Shopping Centre
• Anchored by Coles with Medical and other specialty tenants
• Prosper Group actively repositioned the property by relocating tenancies and introducing new tenants
• Within 5 years of Prosper Group taking over management, Coles turnover increased from circa $12m to above $20m

• 4,886 SQM Commercial building
• 3 sides of natural light
• Located next to the proposed Crows Nest train station

• 1,343 SQM IGA Retail centre
• 100% leased to Metcash
• 54 on grade parking spaces
• Well located within Sydney’s growth corridor

• 1,334 SQM Office and Retail showroom
• Provides high quality industrial/warehouse office space with high ceilings
• Great exposure to Harris Street

• 1,198 SQM Medical Centre
• 100% leased to Primary Health Care
• Great exposure and directly opposite Woolworths

• 2,756 SQM Industrial warehouse and 72 self-storage sheds
• Prosper Group implemented and managed a leasing campaign which secured Boral (ASX 200 company) to replace Target (ASX 200 company) as the warehouse tenant
• The self-storage sheds are leased and managed by a reputable specialist

How Did Prosper Group Assist Their Client?

Prosper Group conducted a thorough search of Sydney and presented their client with multiple properties to consider. This gave their client the peace of mind that they were aware of all the available options both on and off market and they could use each of these options to weight up the best property that suited their criteria.

Prosper Group’s extensive network of contacts in the property industry allowed them to identify this off market opportunity. This meant that their client did not have to compete against any other buyers in an expression of interest campaign or an auction.

Type of property: Apartment

This apartment was within a boutique development on one of Alexandria’s best street’s.

Our client was very happy with the price we negotiated and the confidence we gave them throughout the process.

]]> Tue, 22 Mar 2016 00:00:00 +1100 https://www.prospergroup.com.au/1249/14-240-lawrence-street-alexandria https://www.prospergroup.com.au/1249/14-240-lawrence-street-alexandria

Type of property: Semi

Client Brief: Seeking an investment property in the Inner West with future renovation add value potential.Overview of the purchase: Stanmore has become a destination of choice for professionals wanting easy access to the city and the local café lifestyle.

This property was sourced prior to the vendor finalisation minor works in preparation for listing the property.

As part of the negotiations we agreed to take over the responsibility, including payment for new floorboards to be laid. This is another example of thinking ‘outside the square’ to negotiate the best deal for our client.

How Did Prosper Group Assist Their Client?

Kennards Hire had outgrown their existing site in Slacks Creek. Prosper Group were engaged by Kennards Hire to source a larger property with improved exposure and functionality to that of their existing site.

Prosper Group sourced a fantastic property on a prominent high exposure corner position and only 500m from Kennards existing property. The property was predominantly being used as a car sales yard with 3 other tenants all on long term leases. In order for this property to work as a Kennards Hire branch Prosper Group had to negotiate the surrender of all 4 leases and achieve this within our 30 day due diligence period.

Along with negotiating the surrender of the existing leases, Prosper Group worked with various consultants in order to overcome other complexities with this site.

Whilst this was a difficult deal to pull together, it was a perfect fit for Kennards Hire and is now one of their bets performing Queensland branches.

Having out grown an existing location, we (Kennards Hire) decided to look into the option of relocating that branch.

Not having enough time to devote to such a large task and having previously worked with Prosper Group on another of our properties I engaged their services to assist with the location of the new site.

Prosper Group showed their professionalism and expertise throughout the whole process, making the job very easy for me. 

I will recommend their services to anyone looking to purchase a property and will continue to use them in the future.  Thanks for your help.

Cameron Kennard

Kennards Hire & Keneco Property

Type of property: Period Semi with parking

We immediately recognised the need to conceal their identity from the selling agent and vendors until absolutely necessary. With the benefit of careful planning, anonymity was maintained throughout the whole process.

Despite ferocious competition on the day, we were successful - purchasing well below budget.

]]> Wed, 06 Apr 2016 00:00:00 +1000 https://www.prospergroup.com.au/1278/24-nicholson-street-wollstonecraft https://www.prospergroup.com.au/1278/24-nicholson-street-wollstonecraft

• Two high quality freestanding facilities totalling 2,935 SQM
• Comprised of warehouse/office/showroom
• Fantastic exposure to St Hilliers Rd
• Excellent access to M4 Motorway and walking distance to train station

• 2,138 SQM Industrial Warehouse
• Split into 3 separate units
• Clearspan high clearance, professional office space and ample parking

• 7,435 SQM Industrial warehouse
• Modern warehouse with high bay clearance
• Leased to a reputable Australian based company

How Did Prosper Group Assist Their Client?

Our client, an owner occupier, had very strict requirements in an area that offered very few available properties or sites. Through our industry contacts, we sourced a raw site which was larger than our client required. We suggested our client purchase the property and subdivide to achieve the area they required and re-sell the excess land. Our feasibility identified that subdividing and selling a smaller site would achieve a profit for our client.

Our thorough due diligence and analysis provided our client with the right strategy and the confidence to achieve the perfect premises for their needs.

Thinking ‘outside the box’ gave our client the result they were seeking.

Thanks Prosper Group for finding a business location for our growing business. As all SME owners realise, time is hard to come by. Prosper Group found the properties and narrowed them down and then in just one day for me we selected a property which meet our criteria. They then negotiated the deal and handled the required due diligence with little effort and time from myself.

Mark Dooley

Managing Director, Best Doors & Ezi-roll

How Did Prosper Group Assist Their Client?

Prosper Group’s client had an original investment brief to purchase an industrial investment in Sydney for under $5 million and close to a 7% net yield return. Due to the lack of good opportunities and the low yields in Sydney, Prosper Group advised their client to consider this property in Brisbane.  Initially their client was hesitant to invest in a market which they had no knowledge or experience.  Prosper Group with their years of experience in both Sydney and Brisbane gave their client the comfort to proceed with the purchase.

The main value to their client was that if they purchased this type of investment with; such a strong tenant (Government), new building, and great location in Sydney, then the purchase price would have reflected a net yield of between  5% and 6%.

This was a considerable saving of between $500,000 and $1,500,000.

The purchase of this property also offered their client diversification within their commercial portfolio as all the existing properties were located in Sydney. This not only diversified their portfolio risk across two capital cities in Australia but also provided land tax benefits.

Type of property: Townhouse

Prompt action and an "inside-track" with the sales agent gave our client the opportunity to purchase at the initial stages of an auction campaign which most likely would have seen the price increase well beyond his budget.

]]> Thu, 19 May 2016 00:00:00 +1000 https://www.prospergroup.com.au/1351/1-11-niven-place-belrose https://www.prospergroup.com.au/1351/1-11-niven-place-belrose

Type of property: Apartment

Client Brief: Tired of living out of hotel rooms, our interstate client was in a hurry to find a well-located corporate residence in Sydney. The apartment also needed to be low maintenance and quiet.Overview of the purchase: In just over two weeks from brief to exchange - we located, evaluated and purchased an ideal property well below the vendor’s written reserve. Our busy client is thrilled and amazed with the result!

Type of property: Dual Level Apartment

Good properties are likely to engender fierce competition. So if you want a really good home in this tight market, you are going to have to fight for it and possibly embrace the auction process. The key is to forget what everyone around you is saying (especially the sales agent), and know what the property is really worth. Knowing the real price when agents are playing games - underquoting and not providing any feedback - can be a golden situation for buyers who understand the market.

In this situation, the property had a lot of interest being well-presented, oversized, back of the block, no common walls and came with a tandem lock-up garage. Perfect for our client.

Factoring in that 12 new comparable properties hit the market the week of the auction, we could see see that some of that pent-up competition might dilute - as it did on auction day. With other buyers suddenly pulling back and becoming confused, we confidently bid to snap up this superior property at an unexpectedly low price.

In just 17 days we secured a premium property for a client keen to purchase quickly in a rising market.

]]> Wed, 03 Aug 2016 00:00:00 +1000 https://www.prospergroup.com.au/1426/9-111-burns-bay-road-lane-cove https://www.prospergroup.com.au/1426/9-111-burns-bay-road-lane-cove

How Did Prosper Group Assist Their Client?

Prosper Group conducted a thorough search of NSW including regional NSW and metropolitan Sydney locations and presented their client with multiple properties to consider. This gave their client the peace of mind that they were aware of all the available options both on and off market and they could use each of these options to weigh up the best property that suited their criteria.

In a competitive expression of interest campaign Prosper Group’s reputation and thorough initial due diligence gave their client the advantage of being selected as the successful purchaser even though they were not the highest price.

Type of property: Apartment

They were looking to secure a nest-egg which will keep them in the local market, and provide the leverage they will require to purchase a family home when they return to Australia.Overview of the purchase: The perfect first investment property for a smart young couple!

With very few good options available in a strong market, we took our time with this search until the right opportunity became available.

In time this ideal offering became available off-market, and we were able to pick it up on favourable terms and with little competition.

]]> Wed, 19 Oct 2016 00:00:00 +1100 https://www.prospergroup.com.au/1479/1-37-church-street-birchgrove https://www.prospergroup.com.au/1479/1-37-church-street-birchgrove

Type of property: House

Having already sold with a slightly extended settlement, our clients were positioned to either purchase quickly in the same market or face renting for the next 6 months.

Over the course of an intensive 6-week search, we uncovered plenty of off market listings and our clients were able to refine their brief to precisely the right home.

14 Edna Street is a pretty period home in a premium street. With such a good original floor plan, it really only requires a simple addition to the rear to be transformed into a highly desirable family home, suiting our clients perfectly.

We were able to secure the property at auction well below budget.

]]> Wed, 26 Oct 2016 00:00:00 +1100 https://www.prospergroup.com.au/1496/14-edna-street-lilyfield https://www.prospergroup.com.au/1496/14-edna-street-lilyfield

Type of property: House

We were engaged as a vendor advocate to manage the sale of her apartment by selecting and appointing a real estate agent and overseeing the entire process.

This lead to her achieving a record price for her complex.

After taking 18 months for her to purchase her last property, our client was thrilled that we were able to purchase a property meeting her criteria in only 2 months.

]]> Sun, 30 Oct 2016 00:00:00 +1100 https://www.prospergroup.com.au/1531/15-spencer-road-mosman https://www.prospergroup.com.au/1531/15-spencer-road-mosman

How Did Prosper Group Assist Their Client?

Prosper Group’s negotiation experience and reputation assisted their client in being selected as the preferred buyer in a competitive expression of interest campaign.

Prosper Group identified during their thorough due diligence analysis that there was a risk of a potential road widening affecting the property in the future.

The potential road widening required one of the boundaries to be moved in by 2.5m. Prosper Group’s in depth analysis of this risk established that although the potential road widening may reduce the car parking area there was still sufficient amount of space remaining to be compliant and not adversely affect the car parking amenities of the property.

Type of property: Apartment

If they didn't buy soon, their list of dream features would shortly be out of reach.

Fortunately, the right property appeared quickly in their search.

We located what appeared to be a property that matched their criteria. Promptly we arranged pre market access, completed all our due diligence and negotiated the purchase before other buyers were in a position to compete.

The process took 10 days from engagement to exchange of contracts.

Now our happy clients can enjoy a well-earned holiday knowing they will be returning to their beautiful first new home.

]]> Fri, 25 Nov 2016 00:00:00 +1100 https://www.prospergroup.com.au/1565/7-169-hampden-road-wareemba https://www.prospergroup.com.au/1565/7-169-hampden-road-wareemba

• Industrial property divided into 5 tenancies
• 5,803 SQM net lettable area on 9,637 SQM of land
• Well located within 1km from M2/M7 motorways
• 9m – 10m internal height clear

• 1,607 SQM Commercial building
• Directly opposite Mascot Train Station
• Continuously 100% leased whilst managed by Prosper Group

How Did Prosper Group Assist Their Client?

Through Prosper Group’s extensive knowledge of all markets in NSW and QLD they were able to identify this property on the Gold Coast for their NSW based client. Prosper Group identified upfront the value in this property and assisted their client in negotiating and securing the property in an exclusive due diligence period in a short period of time, before the general market had time to consider the property.

Prosper Group’s negotiation experience saved their client $250,000 of the asking price.

How Did Prosper Group Assist Their Client?

This property had been on the market for sale for a while and Prosper Group’s experience and knowledge of the local market allowed them to identify the value in this property that other buyers had not seen. Prosper Group then engaged in a lengthy negotiation process that resulted in a saving off the asking price and favourable terms for their client.

Prosper Group’s thorough due diligence analysis identified several building issues, some relating to safety issues. Prosper Group managed to negotiate some compensation for the potential cost of rectifying these building issues.

How Did Prosper Group Assist Their Client?

Through Prosper Group’s relationship with the selling agent they were offered this property off market before any other buyers.

Prosper Group’s experience and up to date knowledge of the market assisted their client in conducting a quick due diligence analysis of the property, which allowed them to negotiate and exchange contracts in a short period of time which was essential to securing the property.

Prosper Group’s thorough due diligence analysis identified that there was an old oil tank under the carpark, but this tank had been decommissioned and presented a low risk of future contamination issues.

Type of property: Apartment

With our client being an investment banker, her available time was minimal.

A finite list of properties were short listed together with the financial analysis for each opportunity.

After ruling off many due to aggressive negotiating by other parties or strata issues, we purchased a great investment property.

In the end, we managed to secure her something very rare - an over sized top floor, two bedroom apartment in a super low maintenance block of only 12 units.

It's also located at the epicentre of Syndey's most diverse and fastest gentrifying suburb - Chippendale.

]]> Mon, 27 Feb 2017 00:00:00 +1100 https://www.prospergroup.com.au/1613/11-18-20-buckland-street-chippendale https://www.prospergroup.com.au/1613/11-18-20-buckland-street-chippendale

Type of property: Apartment

With a few potentials on the table, this well proportioned unit with harbour view in a superb block was the pick of the bunch.

It initially looked out of reach of their budget, but with fast due diligence and an 'inside-track' with the agent, we were able to secure a premium property for them prior to auction with very little competition and at a great price.

]]> Tue, 14 Mar 2017 00:00:00 +1100 https://www.prospergroup.com.au/1650/8-14-16-carr-street-waverton https://www.prospergroup.com.au/1650/8-14-16-carr-street-waverton

Type of property: Apartment

In just four weeks we secured and over sized north facing apartment in a low maintenance security block just around the corner.

We also negotiated an 11 week settlement, leaving plenty of space for our client to sell in a calm and timely manner.

]]> Thu, 16 Mar 2017 00:00:00 +1100 https://www.prospergroup.com.au/1662/92-362-mitchell-road-alexandria https://www.prospergroup.com.au/1662/92-362-mitchell-road-alexandria

Type of property: Apartment

While maintaining a wide net, we eventually honed in what they were really looking for.

A beautiful home overlooking the water.

This one came with the bonus of Northern sun and amenity an easy walk away.

]]> Tue, 21 Mar 2017 00:00:00 +1100 https://www.prospergroup.com.au/1671/7-52-fairlight-street-fairlight https://www.prospergroup.com.au/1671/7-52-fairlight-street-fairlight

Type of property: Apartment

Poorly presented and marketed, we quickly realised it's potential and negotiated a pre-auction deal well below market value.

Our client couldn't be happier with the purchase and having rent coming in from day one.

]]> Fri, 12 May 2017 00:00:00 +1000 https://www.prospergroup.com.au/1721/11-36-buckland-street-chippendale https://www.prospergroup.com.au/1721/11-36-buckland-street-chippendale

Type of property: Apartment

Client Brief: Expat investor looking for a high-growth low-maintenance apartment in the Eastern Suburbs Beaches area.Overview of the purchase: Our client was realistic about her limited budget and was very motivated to purchase before she became priced out of the Inner Sydney market.

Working long hours in New York, our client needed to know that we could efficiently manage the whole process remotely for her.

Within a month of receiving final approval for her loan we located and secured the perfect investment pre-market and with a long-term tenant in place. In a small block on a quiet street just moments from Coogee Beach and Gordons Bay.

Type of property: Apartment

All north-facing in a boutique block of only 10 apartments, the apartment is only 10 years old with contemporary neutral tones that can be easily enhanced.

Most importantly, there are no stairs in the apartment, entrance or car park - a rare and valuable feature that will ensure superior resale should our client ever upgrade in the future.

We completed all the due-diligence swiftly allowing our client to purchase smartly and with no competition from other cashed-up-down-sizers.

]]> Thu, 20 Jul 2017 00:00:00 +1000 https://www.prospergroup.com.au/1834/5-8-punch-street-mosman https://www.prospergroup.com.au/1834/5-8-punch-street-mosman

Type of property: Apartment

Mindful of their financial future, their desire is to be well placed in the Sydney market, and able to leverage to buy a family home.Overview of the purchase: We concentrated our search on smaller blocks in premium locations - areas always in demand with buyers and renters alike, and certain to enjoy superior capital growth.

Through our trusted agent relationships, we were able to secure this perfectly located apartment prior to auction and substantially below the vendors expectations.

With a good tenant in place, our clients have seamlessly transitioned into proud landlords.

]]> Thu, 20 Jul 2017 00:00:00 +1000 https://www.prospergroup.com.au/1843/12-1-thurlow-street-redfern https://www.prospergroup.com.au/1843/12-1-thurlow-street-redfern

Type of property: Terrace

These busy down-sizers yearned for a spacious lock-and-leave townhouse or apartment with easy access to marina facilities.Overview of the purchase: Initially only looking on the Lower North Shore, we quickly highlighted the need to widen our client's search area.

Within a few weeks we uncovered exciting opportunities on and off-market that our clients would not have considered.

By week 6 we had secured a low-levy terrace with marina facilities in budget and with extremely generous proportions.

Our client's are excited to be moving into a vibrant inner-city village perched right on the harbour and moments to the CBD.

]]> Thu, 20 Jul 2017 00:00:00 +1000 https://www.prospergroup.com.au/1852/30-waragal-avenue-rozelle https://www.prospergroup.com.au/1852/30-waragal-avenue-rozelle

How Did Prosper Group Assist Their Client?

Through Prosper Group’s negotiation experience and reputation, their client was chosen as the successful buyer in a competitive on market sales campaign.

Prosper Group conducted a thorough due diligence analysis of the property including a strategic planning analysis for the repositioning potential of the property. Prosper Group identified various issues with the property and they were successful in negotiating a reduction in the final price to compensate for these issues.

• 1,400 SQM Commercial building
• 100% leased to a highly reputable International company
• Well located to St Leonards and the proposed Crows Nest train station

• 762 SQM Commercial building
• 100% leased to 3 tenants
• 52% of the building is leased to a Government tenant

• 656 SQM Retail convenience centre
• Fully leased to 6 tenants
• 88% leased to a Medical Centre and Vet

• 11,127 SQM A grade commercial building
• 100% leased to Fuji Zerox & a café
• Prosper Group are also the appointed Facilities Manager

Type of property: Apartment

Client Brief: After many years of diligently saving his deposit, our young investor did not want to make a mistake with his first venture into the Sydney property market.

Our brief was to acquire an apartment ticking all the boxes – within a suburb with above average capital growth, easy to rent, low maintenance and part of a smaller boutique block.Overview of the purchase: Originally searching for a larger 1 bedroom apartment, we advised our client that with just a slight increase in budget, a solid two-bedroom unit was possibly now in reach.

In a cooling market, and after lengthy negotiations, we managed to secure a well located, spacious and sunny apartment at well below the price paid recently for similar units in the same block.

Our client is thrilled, and already considering his next purchase with Prosper Group.

Type of property: Period Home

Combined with the longer settlement required by our clients in order to sell their current home, this was a drawn-out but highly successful negotiation.

]]> Mon, 16 Oct 2017 00:00:00 +1100 https://www.prospergroup.com.au/1996/5-carieville-street-balmain https://www.prospergroup.com.au/1996/5-carieville-street-balmain

Type of property: Apartment

The family was seeking a renovated, low maintenance apartment within an older complex which may be part of a larger redevelopment in the future.Overview of the purchase: Originally searching for a premium 1 bedroom apartment, we advised our client that the market had recently corrected enough that with only a small increase in budget, a solid two-bedroom unit in a great location was now in reach.

The strategy paid off, and we quickly sourced a generous two-bedroom apartment in a fantastic location ripe for redevelopment.

]]> Mon, 16 Oct 2017 00:00:00 +1100 https://www.prospergroup.com.au/1989/5-26-sinclair-street-wollstonecraft https://www.prospergroup.com.au/1989/5-26-sinclair-street-wollstonecraft

Type of property: Apartment

"Prosper Group were fantastic - without their help I would never have found my beautiful new home.

Close to family and transport/shops, it also has the quiet leafy outlook I had grown used to living on the Central Coast.

Prosper Group helped me choose a sales agent and manage the sale of my home, while they also searched for a new one. They found a beautiful 'off-market' apartment in my preferred block, and quickly handled all the due-diligence and negotiations.

I never could have done all this myself, and the alternative would likely have been a bland nursing home".

- Carolyn ]]> Wed, 10 Jan 2018 00:00:00 +1100 https://www.prospergroup.com.au/2065/214-64-gladesville-road-hunters-hill https://www.prospergroup.com.au/2065/214-64-gladesville-road-hunters-hill

How Did Prosper Group Assist Their Client?

Off market advantage

Prosper Group’s reputation and industry contacts provided their client with the opportunity to purchase this property off market before it was presented to any other buyers. This allowed Prosper Group and their client the opportunity to analyse and negotiate this opportunity without the stress of competing with other buyers.

Identifying intrinsic value

Prosper Group immediately identified the intrinsic value of this property with great exposure to two major roads, large land size with excess car parking area, and potential medium to long term residential redevelopment potential.

The property at the time was run down and tired, the local IGA operator had a dated fit out, so overall the property was not a very appealing option for the local customers and passing traffic. Regardless of the initial impression of the building Prosper Group assessed the bones of the property were fundamentally sound, and with some minor refurbishment and cosmetic work the centre would have the potential to attract better quality tenants and consequentially higher rents. An ALDI store had just been completed on the site adjoining this property and Prosper Group advised their client that this was a great advantage as they could attract tenants that would complement ALDI and not see them as competition.

Negotiation

Prosper Group negotiated the price and terms with the vendor which took into consideration the condition of the property and the tenancy risk with only a one year WALE. The negotiation process was not straight forward and involved many rounds of negotiations where both parties would come to an impasse. The main areas of disagreement were;

• The condition of the property and agreeing on a fair compensation for our client to have to reposition and refurbish the centre
• The existing tenancies and their ongoing commitment to the centre.

Throughout the extended negotiation process Prosper Group maintained their aim of achieving the right outcome for their client. Prosper Group wanted to make sure that the numbers made sense and their client would obtain a fair advantage for the risk they were about to take on with this purchase. Prosper Group instructed their client to walk away from the deal on several occasions when it did not make sense, until finally an agreeable outcome with the vendor was reached.

Due diligence

After the extended negotiation period Prosper Group conducted a thorough due diligence analysis of the property and more importantly the ‘add value’ potential. This involved assessing the following;

• Most efficient repositioning and refurbishment works to create the best value for money, keeping in mind the medium to long term redevelopment potential.
• Potential costs of the proposed repositioning and refurbishment works
• The current tenants and their potential to be a part of the new centre, as well as the potential to create new tenancies
• Potential new tenants to lease any vacant areas, and the potential new rents and costs to lease up
• Future redevelopment potential
• Any other areas that may be able to add value, such as outdoor billboards

The due diligence process confirmed the initial assumptions made during the negotiations and with this peace of mind the client was happy to proceed with the purchase of the property.

Patience

The purchase of the property involved an extended transaction period of up to 2 years. Prosper Group’s patient and pragmatic approach ensured that the transaction stayed on track over this period of 2 years and was successfully completed.

Value add process

Following the successful purchase of the property Prosper Group managed the ‘value add’ process through to completion which included;

• Looking after the day to day management of the property throughout the ‘value add’ process, as the construction was staged so that the existing IGA tenant could continue to trade through this period.
• Managing the leasing up process with the existing tenants and new tenants
• Managing the design and construction phases of the repositioning and refurbishment works

If you would like to know more about this ‘add value’ transaction or would like to know more about how Prosper Group could potentially assist you with a similar transaction, feel free to contact Damien Holliday on 0402 446 908, damienh@prospergroup.com.au.

Type of property: House

Client Brief: After many years raising a family on the Upper North Shore, our clients were seeking a sea-change to a more entertainment-focused home on the Northern Beaches.Overview of the purchase: Using a holistic approach to their transition, we first helped our clients choose and negotiate terms with a selling agent. With that process in place, we could confidently proceed with a comprehensive search.

In just over 1 month we had inspected enough properties on and off-market for our clients to have a clear understanding of their options.

With settlement on their successful sale looming, we were able to quickly turn around attractive terms and early access to their new tree-house overlooking the beautiful Pittwater.

Type of property: Apartment

Client Brief: After missing out yet again at a competitive Auction, our client made the decision to seek our professional help with purchasing her new home.Overview of the purchase: After struggling to purchase, our client was referred to us by the agent selling her existing home.

Originally seeking a house, her budget was more aligned with a larger apartment. Fairly promptly a boutique warehouse apartment within a complex which rarely sells was located. Prosper Group swiftly evaluated and provided comparative examples to our client to give her the comfort of living within such a high spec unique warehouse conversion.

Working closely with her selling agent we were able to work together to line up settlements, removing the need for bridging finance and stress.

Type of property: Apartment

]]> Wed, 16 May 2018 00:00:00 +1000 https://www.prospergroup.com.au/2356/2319-8-eve-street-erskineville https://www.prospergroup.com.au/2356/2319-8-eve-street-erskineville

Type of property: Apartment

Client Brief: This busy executive was searching for an Inner West apartment with intimate water views and a large entertaining-size balcony. Having been actively looking on his own for some time, our client was initially sceptical about using our services.Overview of the purchase: Despite the challenging brief, within just a few days we had identified a number of off-market and pre-market options. One in Abbotsford was particularly appealing – smaller boutique block, magical views, renovated, and with an over-sized north-facing balcony.

The vendor and agent had unrealistic price expectations, and we could see that many other buyers would be scared off. Our strategy was to pull back and wait until Auction where a much better price could be negotiated. The plan paid off. Our client has now secured his dream home well below budget.

Type of property: Period Home

Client Brief: Like many young families, our client initially believed they could handle the purchase of their new home themselves. Finally admitting their lack of confidence was making it difficult to commit to the right property, they engaged Prosper Group to ‘make it happen’.Overview of the purchase: Once the best option was identified, we quickly evaluated this pretty federation home. After assessing the selling agent’s campaign, we clearly believed our best purchase strategy would be at Auction.

Hours after passing the property in at Auction and with the other buyers long gone, we negotiated a price $80,000 below the written reserve.

Type of property: Unit

Client Brief: Our busy Mum and Dad clients were looking to expand on their property portfolio and invest in an apartment to hand down to their children.Overview of the purchase: After encountering some stiff competition on two previous properties, an off-market Art Deco apartment was sourced for our clients. This property ticked all the boxes with aspect, location, style, size and price.

Due to a great relationship with the selling agent, the property was purchased off market for our client with no competition from other buyers. The property was secured below the asking price and to cement what a great buy it was, two days later another apartment in the same block sold at Auction for over 17% more. This apartment was smaller internally and had an inferior aspect and outlook. Our clients were very excited and felt reassured they had already made capital gain.

To further assist our client, we arranged trades and quotes from builders for a full renovation which our client has proceeded with.

How Did Prosper Group Assist Their Client?

Through Prosper Group’s industry contacts they identified this opportunity for their client. Prosper Group’s experience and expert negotiation skills enabled them to successfully negotiate an agreed price and terms over a prolonged negotiation period.

Prosper Group’s extensive knowledge and experience in all commercial property markets in Brisbane and Sydney allowed them to guide their client to invest in the Brisbane industrial market, which at the time was showing a 1% better yield return than similar properties in Sydney.

Type of property: Apartment

Client Brief: Our client was a first home owner looking for an inner-city pad for themselves and their fury friend. Their wish list was for an oversized apartment that was pet friendly, requiring minimal renovation, with a balcony and plenty of light.Overview of the purchase: Dealing with a vendor who was unwilling to adjust their price expectations in line with the current market, Prosper Group applied a negotiation strategy of putting forward one offer with a deadline of expiry. To our client's delight, the vendor reluctantly accepted our offer at a significant discount.

Type of property: Apartment

]]> Thu, 13 Dec 2018 00:00:00 +1100 https://www.prospergroup.com.au/2578/6-daniels-street-chippendale https://www.prospergroup.com.au/2578/6-daniels-street-chippendale

Type of property: Family Home

]]> Mon, 17 Dec 2018 00:00:00 +1100 https://www.prospergroup.com.au/2586/37-waipori-street-st-ives-chase https://www.prospergroup.com.au/2586/37-waipori-street-st-ives-chase

How Did Prosper Group Assist Their Client?

Through Prosper Group’s industry contacts they sourced this property off market before it was advertised to the general market.

As part of Prosper Group’s thorough due diligence process they identified that the tenant was potentially not required to have any annual rent increases in the two five year option terms. This was a potential risk of over $300,000. Prosper Group negotiated for a variation of the lease to be completed prior to settlement.

How Did Prosper Group Assist Their Client?

Through Prosper Group’s industry contacts they identified this opportunity for their client. Prosper Group’s experience and expert negotiation skills enabled them to successfully negotiate an agreed price and terms and manage the transaction to a successful purchase.

Type of property: Period Home

We sourced this ideal property pre-market and made sure our clients were multiple steps ahead of their competition. Two weeks later we purchased the property pre-auction and well below our analysis of what this property may have achieved in a competitive auction.

Thrilled at how much they saved, our clients have plenty left for easy aesthetic enhancements. This pretty period home on a large level block allows the longevity and flexibility for a growing family.

]]> Tue, 09 Jul 2019 00:00:00 +1000 https://www.prospergroup.com.au/2978/49-lang-street-mosman https://www.prospergroup.com.au/2978/49-lang-street-mosman

Type of property: Period Apartment

Client Brief: Having tried to purchase herself, our client felt out of depth and decided she needed assistance before she made an expensive mistake.Overview of the purchase: The apartment our client fell in love with unfortunately had a price guide above market value and with a vendor who wasn’t prepared to negotiate.

After covering the Eastern Suburbs for other suitable apartments, both on and off market, our client kept circling back to her original preference.

By creating an opportunity to negotiate effectively, we used our many years of experience to secure it for more than $60,000 less than our client was prepared to pay a few weeks earlier. It is a beautiful and unique home, and Caroline is thrilled!

Type of property: Apartment

In a boutique block with no expensive lifts or amenities, the apartment provided generous sized bedrooms – each with a bathroom, an easy to furnish floor plan and double side-by-side parking. Through our negotiations we purchased the apartment for more than $100k less than comparable sales in the same block.

]]> Tue, 09 Jul 2019 00:00:00 +1000 https://www.prospergroup.com.au/2999/20-41-pitt-street-redfern https://www.prospergroup.com.au/2999/20-41-pitt-street-redfern

Type of property: House

Client Brief: Feeling daunted by the process, after being referred to Prosper Group we were engaged to find this client's next family home.Overview of the purchase: In a competitive price bracket within Sydney's Eastern Suburbs, this property received a very strong level of interest, causing the price guide to be increased after the first open house. Our client loved the property after the first inspection and we advised she needed to move quick.

Prosper Group promptly completed our due diligence, giving all the information our nervous client required in order to be confident with the purchase. We then waited to what we felt was the appropriate time within the auction campaign to negotiate a pre-auction purchase, and within 24 hours contracts were exchanged.

Type of property: Period Home

We widened their search to include the Lower North Shore as well Inner Western Suburbs, focusing on quality properties close to easy CBD transport.

In the end we beat multiple parties to secure this pretty, very well-located and much loved home just a few minutes level walk to the station.

]]> Thu, 06 Feb 2020 00:00:00 +1100 https://www.prospergroup.com.au/3299/18-edgar-street-tempe https://www.prospergroup.com.au/3299/18-edgar-street-tempe

Type of property: Period Home

Our clients have since added a dream swimming pool and love the positive change and enhancement their new home has made to their family.

]]> Thu, 06 Feb 2020 00:00:00 +1100 https://www.prospergroup.com.au/3309/40-boomerang-street-turramurra https://www.prospergroup.com.au/3309/40-boomerang-street-turramurra

Type of property: Townhouse

Client Brief: Referred by an experienced real estate sales agent, our clients, a professional couple, could see the market moving and wanted to ensure a strategic advantage over other buyers.Overview of the purchase: In just 6 weeks we covered off 34 properties on and off-market before locating and securing this beautiful, new boutique build, in vibrant Marrickville. Moments from Henson Park and the renowned Henson Hotel, this home is the perfect blank canvas that will easily accommodate a growing family for many years to come.

Type of property: Villa

]]> Tue, 25 Feb 2020 00:00:00 +1100 https://www.prospergroup.com.au/3342/2-13-15-connemarra-street-bexley https://www.prospergroup.com.au/3342/2-13-15-connemarra-street-bexley

Type of property: Apartment

Client Brief: Referred by an industry contact, this client was adamant in purchasing a 2 bedroom apartment, however knew they really only had the budget for a 1 bedroom apartment in a rising market.

Having missed out on several properties, our client knew this trend would continue unless they engaged a Buyer's Agent to allow them to move quick and negotiate with the sales agent.Overview of the purchase: While comparable properties in the area were selling closer to $800,000 we sourced a poorly presented, off-market opportunity and managed to negotiate an incredible sale at only $700,000. Our client is thrilled with the result, and is now adding value with small cosmetic enhancements.

Type of property: Apartment

A superior offering in a small solid block just metres from Turramurra Station and village shops was identified. Moving quickly, we were able to secure the purchase and at a price below our clients budget.

We turned the whole process around in less than 2 months. Our happy clients are thrilled and have since referred our services to their colleagues and friends.

]]> Wed, 27 May 2020 00:00:00 +1000 https://www.prospergroup.com.au/3484/4-4-6-kissing-point-road-turramurra https://www.prospergroup.com.au/3484/4-4-6-kissing-point-road-turramurra

Type of property: Semi-Detached

Client Brief: Our clients required a small home with the potential to appreciate in value and meet the needs of their growing family. A garage, with the potential to build a music studio above or within it, was attractive.

After a frustrating search for over three months for a new family home including being unsuccessful at three Auctions, our upsizing clients engaged Prosper Group to help. Due to the impending arrival of their first child and the increasing prices in the property market it was important we found the right property at the right price, in a timely manner.Overview of the purchase: Prosper Group was engaged after our frustrated clients, who were on a tight timeframe, had missed out at three previous Auctions. We purchased a property off-market in three days, well within budget, to our clients relief!

Type of property: Period Home

Within a week of our first viewing the purchase price and terms had been negotiated. Exchange of contracts occurred on Christmas Eve and the clients thought it was the best Christmas present ever!

]]> Mon, 22 Jun 2020 00:00:00 +1000 https://www.prospergroup.com.au/3502/97-balfour-road-bellevue-hill https://www.prospergroup.com.au/3502/97-balfour-road-bellevue-hill

Type of property: Period Home

Client Brief: Our clients were downsizing from the family home but still looking for a property large enough for the grandkids to stay over as well as hosting much-loved family get-togethers. The home would ideally have a garden, pool and be close in proximity to local shops and the City.Overview of the purchase: Attempting to source their own property for some time, eventually they gave up and engaged Prosper Group.

We took the client through their eventual purchase pre-market, immediately they wanted us to commence negotiations as they didn’t want to miss this house. At the time we felt the price expectation was above market and best to hold off on negotiations until a few weeks into the campaign. This proved to be the right strategy and saved our clients over $200,000.

How Did Prosper Group Assist Their Client?

Our client had previously owned property in South Sydney and ideally wanted to purchase another property in the area due to their belief in the capital growth potential of this location. Prosper Group conducted an extensive search that covered all areas of Sydney and different asset classes looking for a property that predominately provided capital growth potential. After considering many properties across Sydney, Prosper Group secured a property in the South Sydney market that met our clients criteria. The market knowledge that our client gained from the extensive search confirmed their belief in the capital growth potential of the South Sydney market and gave them the confidence to purchase a property even though it was vacant. Adding to our clients confidence was Prosper Group’s due diligence and market analysis which confirmed the property had great investment fundamentals and features that would be attractive to a broad range of potential tenants.

The South Sydney market is very tightly held but Prosper Group were able to unlock this off market opportunity, then assist their client in acting quickly and confidently to agree on price and terms and secure the property ahead of other buyers.

How Did Prosper Group Assist Their Client?

Prosper Group conducted an extensive search of the St Leonards/Crows Nest commercial markets for their owner occupier client, and assisted them in purchasing an off market boutique freestanding office building that suited their business requirements and provided them with immediate access for occupation.

Through Prosper Group’s industry contacts they identified this off market opportunity for their client, and enabled their client to act quickly and confidently to agree on price and terms and secure the property ahead of other buyers.

Prosper Group’s extensive knowledge and experience of the St Leonards/Crows Nest commercial markets gave their client the confidence that they were purchasing the best available building for their business needs.

Type of property: Apartment

Our very happy client commented that Prosper Group’s experience enabled her to navigate through a market and process she did not understand.

]]> Mon, 26 Oct 2020 00:00:00 +1100 https://www.prospergroup.com.au/3690/85-11-woniora-avenue-wahroonga https://www.prospergroup.com.au/3690/85-11-woniora-avenue-wahroonga

Type of property: Period Home

]]> Mon, 26 Oct 2020 00:00:00 +1100 https://www.prospergroup.com.au/3698/3-macquarie-road-pymble https://www.prospergroup.com.au/3698/3-macquarie-road-pymble

Type of property: Period Home

]]> Mon, 26 Oct 2020 00:00:00 +1100 https://www.prospergroup.com.au/3706/157-mansfield-street-rozelle https://www.prospergroup.com.au/3706/157-mansfield-street-rozelle

Type of property: Period Apartment

Client Brief: Our client wanted a new home for her family which would also be enticing for her to work from home. The brief was very specific, art-deco style character filled apartment within the Eastern Suburbs with 3 Bedrooms, 2 bathrooms, 1+ parking.Overview of the purchase: After our client unsuccessfully attempted to purchase for a year, we secured an apartment within six weeks that ticked all the specific boxes. Originally the client disregarded the property thinking it was above her price range. After careful evaluation and strategic negotiation, we successfully purchased the property within her budget.

How Did Prosper Group Assist Their Client?

Acting on behalf of an owner occupier, our brief was to a source Industrial land for our clients landscaping  business, allowing truck parking and product storage. 

Through the assessment process it was identified our client's use allowed them to occupy agriculture zoned land. Resulting in a significant saving on the purchase price, compared to industrial zoned land. 

Located in Shanes Park is a small, semi-rural suburb in Greater Western Sydney, located 50 km west of the Sydney CBD across the Blacktown and Penrith local government areas.

This property was presented for Auction with six active bidders competing to purchase the property.  Prosper Group enabled our client to acquire the property at Auction after completing a Due Diligence process.

How Did Prosper Group Assist Their Client?

The property search that Prosper Group conducted for their client involved considering many industrial investments in Brisbane most of which did not meet Prosper Group's stringent investment fundamentals and their client's criteria.

During the property search there was a strong demand from investors for industrial investments and a lack of supply of good investment opportunities. Regardless of the market conditions Prosper Group sourced this property off-market with their client being the only buyer to consider this property.

After being involved in several potential transactions with this client that did not proceed, due to Prosper Group’s stringent due diligence process, this property passed the process and the property was secured.

This is the second purchase Prosper Group has purchased on behalf of this client.  They now have an industrial property investment portfolio that will provide them with a great cashflow and a solid base to add to in the future.

Type of property: Apartment

Client Brief: To purchase an easy-care apartment quickly as our client had already sold their family home. They had not purchased property in over 20 years and were nervous to purchase in a rapidly growing market. Our client required a sizeable apartment with an outdoor area, close to transport in a peaceful location.Overview of the purchase: 3 bedroom apartment with north facing courtyard and living room, located in a leafy street within a short walk to trains. Purchased pre-market with strong competition from another buyer. The property would have been sold to the other buyer if our clients were unrepresented by a Buyer’s Agent who negotiated strongly on their behalf.

Type of property: Semi-detached, single level home

Our client was ecstatic and moved in a week before the baby was due!

]]> Tue, 25 May 2021 00:00:00 +1000 https://www.prospergroup.com.au/3866/48-gannon-street-tempe https://www.prospergroup.com.au/3866/48-gannon-street-tempe

Type of property: Prestige Freestanding Home

Client Brief: Looking on and off themselves for some time this local family were seeking to upgrade their family home in Bellevue Hill or Vaucluse. With the prestige market so strong and very limited supply they engaged Prosper Group to handle the purchase.Overview of the purchase: After completing an analysis of our client’s criteria we offered advice and suggested amendments to align their expectations with market prices.

Our client’s instantly fell in love with this recently fully renovated Italian inspired home in Vaucluse.

Being one of only two parties shown this off-market house we were well positioned to purchase the property without market competition.

Our client’s were impressed with the number of off-market properties we took them through and are ecstatic we purchased their dream home within three months.

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.

Type of property: Semi-detached, single level home

Client Brief: Our client was referred to Prosper Group by a previous happy client. They wanted the services of a Buyer’s Agent as they knew the property they were seeking was highly competitive, low stock levels and they needed an advantage over other buyers.Overview of the purchase: Seeking a family home in the Inner West with a budget which was getting tougher every week.

After missing out on a 2 bedroom semi, we used our extensive network and sourced an off-market 3 bedroom semi, which was larger and in better condition. Moving very quickly, within the same day of the inspection, a building and pest report was conducted, contract reviewed, price expectation analysed, negotiations completed, and contract exchanged. The property was purchased and in our clients own words ‘we learnt a lot that day’!

How Did Prosper Group Assist Their Client?

One of Prosper Group's long term High Net Worth clients who we have assisted in purchasing 5 commercial investments to date, entrusted Prosper Group again in assisting their son with his first commercial investment, further expanding the family’s portfolio.

Through Prosper Group’s solid reputation and long term relationships with Brisbane Industrial agents, this off-market opportunity was sourced before it was presented to any other buyers. Prosper Group assisted their client in acting quickly and confidently to negotiate agreed terms and an exclusive due diligence period to take the property off the market.

In a market where net yields were being compressed by strong investor demand, Prosper Group identified the value in this properties short term WALE and strong property fundamentals. The properties strong fundamentals would be appealing to a broad range of tenants. Combined with the current strong leasing market and lack of similar properties for lease in the surrounding area, this gave their client confidence with the upside should the property need to be re-leased and achieving a higher net yield than current market net yield.

Type of property: Semi-detached

Client Brief: Looking on their own for the best part of a year in a rapidly rising market, these buyers knew they needed assistance. After being engaged, Prosper Group commenced by resetting their goalposts and defining their must-haves and deal-breakers. Once the criteria was finalised we moved quick as their budget was tight and prices were moving fast.Overview of the purchase: With detailed research guiding us, we quickly eliminated any time-wasting properties and focused on realistic opportunities – mostly pre-market or off-market. This wider but more focused search method took us from certain highly overheated suburbs, and brought us to this wide 'blank canvas', North-facing, level home in one of Seaforth's best streets.

Type of property: Prestige Home

Our client's brief was very specific on style, quality, size and location – just a handful of streets. When the perfect home came up, we knew we had to deliver.

Negotiations were complex and took the best part of a week, but resulted in a superb acquisition well below our client's budget.

]]> Mon, 13 Sep 2021 00:00:00 +1000 https://www.prospergroup.com.au/3921/5-fairfax-road-mosman https://www.prospergroup.com.au/3921/5-fairfax-road-mosman

How Did Prosper Group Assist Their Client?

Off market properties like this one provide our client’s the benefit of being presented opportunities they would otherwise not have seen, this value is created by Prosper Group’s industry contacts made over the last 15+ years.

Prosper Group's extensive knowledge and coverage of the Sydney and Brisbane commercial markets gave this Sydney based client the confidence to purchase their first commercial property in Brisbane. By providing comprehensive research and data to our client, Prosper Group was able to demonstrate that investing in the Brisbane industrial market provided 1 – 1.5% higher net yield than investing in the Sydney market. The Brisbane market also provided better quality properties at this price point.

Prosper Group were able to negotiate a higher net yield of 5.81% due to the shorter WALE of 2 years, yet providing our client with comfort by the property showing strong re-leasing potential if it became vacant in the future.

Despite the COVID restrictions, Prosper Group guided their client through the process of sourcing opportunities, negotiations, and due diligence to successfully purchase a great investment. This gave their client confidence to proceed with the transaction even though they were not able to inspect the property.

Type of property: Apartment

Being referred by their mortgage broker and seeking a property based in the Sutherland Shire, Prosper Group were able to give them the confidence they were seeking.Overview of the purchase: After rescinding on a contract for a property which we felt the strata issues were too high risk, we sourced an off-market property which ticked the boxes. Only looking in two suburbs made the search very focused and allowed Prosper Group to source off and pre-market properties which presented as safer investments. Being the only potential buyer to inspect the property purchased, we avoided buyer competition, purchasing slightly below asking price.

]]> Tue, 02 Nov 2021 00:00:00 +1100 https://www.prospergroup.com.au/3936/10-58-talara-road-gymea https://www.prospergroup.com.au/3936/10-58-talara-road-gymea

Type of property: Victorian Terrace

Client Brief: This young family with a newborn baby had been missing out on every property of interest and were completely overwhelmed. Fortunately, through our agent network we sourced this property which was perfect for their brief and were able to purchase off-market.Overview of the purchase: Our client's budget was very tight for their brief, so buying for them quickly in this moving market was vital. Our client inspected the property and we negotiated and exchanged contracts the following day.

Type of property: Apartment

]]> Tue, 16 Nov 2021 00:00:00 +1100 https://www.prospergroup.com.au/3959/26-74-mclachlan-avenue-darlinghurst https://www.prospergroup.com.au/3959/26-74-mclachlan-avenue-darlinghurst

Type of property: Freestanding Californian Bungalow

After researching their brief and price bracket, we advised it was possible for them to buy a house in neighbouring suburbs. This was pleasing and the brief was changed to a house with a garden.Overview of the purchase: After being presented this off-market, recently renovated property, we knew there was strong interest from other buyers. Our clients immediately felt this was their future home and were very keen to purchase the property. Our initial offer was rejected, so rather than improve our offer to the vendors expectation, we increased the price marginally, at the same time providing settlement terms which proved to be more acceptable to the vendors.

A single level house, completely renovated with a north to the rear aspect and located in a quiet cul-de-sac. Easy access for both our client's places of work and the ability to add up-side by adding a second storey and double parking (STCA).

]]> Tue, 16 Nov 2021 00:00:00 +1100 https://www.prospergroup.com.au/3964/6-mitchell-street-five-dock https://www.prospergroup.com.au/3964/6-mitchell-street-five-dock

Type of property: Apartment

Client Brief: Seeking a unique, oversized art deco apartment which didn't contain a lift, this wasn't going to be easy. For this reason we extended our search beyond our client's preferred suburbs in order to show them everything possible within their budget.Overview of the purchase: Sometimes we surprise ourselves... we purchased this beautiful art deco, duplex apartment pre-auction within our client's number 1 suburb!

As this was a duplex property with only one other owner, it was essential that we conducted additional due diligence than normally required. This gave our client the reassurance that this property was fit to be their new home.

Type of property: Freestanding Weatherboard

Client Brief: A young, expanding family had a dream of raising their kids in their preferred suburb of Leichardt. However, following our initial review of their brief and budget it was clear Leichardt was too expensive.

After reviewing surrounding suburbs which we put forward as affordable alternatives, our client chose to increase their budget in order to remain in Leichardt.Overview of the purchase: Within 24 hours of their budget increase, the perfect property was passed-in at auction and the revised price guide made this property a possible option. Unfortunately, due to a delay, we missed out on this ideal house. However, knowing the property was exchanged with a cooling off period, we stayed in close contact with the agent and when the cooling off period lapsed we were ready to exchange.

It's not often you get 2 attempts to purchase your perfect home!

Type of property: Apartment

Within 6 weeks we sourced and purchased pre-auction the perfect apartment and even better for our client, simultaneous settlements were arranged.

]]> Thu, 24 Feb 2022 00:00:00 +1100 https://www.prospergroup.com.au/3995/13-20-22-fairlight-street-fairlight https://www.prospergroup.com.au/3995/13-20-22-fairlight-street-fairlight

Type of property: Apartment

After completing a detailed market analysis of recent sales in the area and our due diligence, we quickly submitted an unconditional offer on contract. This strategy placed us in a position to negotiate further with the vendor and secure the purchase pre-Auction on behalf of our client. As part of negotiations, we arranged to lease the apartment back to the vendor.

]]> Wed, 16 Mar 2022 00:00:00 +1100 https://www.prospergroup.com.au/4021/4-1-latimer-road-bellevue-hill https://www.prospergroup.com.au/4021/4-1-latimer-road-bellevue-hill

How Did Prosper Group Assist Their Client?

One of Prosper Group’s long term High Net Worth Family clients who we have assisted in purchasing 6 commercial investments to date, have again entrusted Prosper Group to further expand the family’s portfolio.

Sourcing this property off-market, the opportunity originally had a WALE of 3.8 years. During the due diligence period we were able to negotiate for the tenant to exercise their option prior to settlement providing a longer WALE of 8.8 years allowing further security for our client.

In addition to the increased WALE, this purchase contained 2 lots/titles and provides further add-value potential through the ability to develop the vacant lot and either hold or sell separately.

Our client was very happy to have secured this property ahead of other buyers in an extremely competitive Brisbane market where investor demand for Industrial properties with a long WALE is extremely high.

Type of property: Period Terrace

]]> Thu, 24 Mar 2022 00:00:00 +1100 https://www.prospergroup.com.au/4041/33-prospect-street-surry-hills https://www.prospergroup.com.au/4041/33-prospect-street-surry-hills

How Did Prosper Group Assist Their Client?

Having not invested in commercial property prior, our family office client wanted to start their portfolio with a small purchase, with the plan to increase the budget after this purchase.

After an extensive search and several close misses in Auction and Expressions of Interest campaigns, Prosper Group were able to secure this Industrial investment off market.

Not only is it hard to source a quality sub $2m free-standing Industrial asset, even better, Prosper Group did so on an asset with add value potential. Through our analysis, this opportunity presented a future uplift in rent as this property is currently under-rented due to the lease being negotiated during the initial COVID lockdown in 2020.

Despite COVID restrictions and state border closures preventing Prosper Group from travelling to Queensland, Prosper Group’s strong relationship with property consultants and extensive experience meant the due diligence was able to be conducted remotely and efficiently.

Prosper Group’s client was very happy to have secured this property in an extremely competitive Brisbane market where investor demand for Industrial properties is extremely high.

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.

Type of property: Period Cottage

Client Brief: Coming from a stunning waterfront home, our downsizing client had one of the most specific briefs we have ever worked with.Overview of the purchase: Through an agent contact, an off-market listing was generated matching the brief almost perfectly. It was clear to us we had a small window to secure a very rare offering and we needed to give our client the confidence to enable a prompt decision.

Within 24hrs we had completed our due diligence and exchanged contracts all within a two week period.

Type of property: Apartment

Client Brief: First time investors looking to secure a long term investment in an area they knew and loved but were unsure about how to go about it.Overview of the purchase: Our clients were recommended to Prosper Group to help them define exactly what sort of investment property they were looking for. After living and working on the Lower North Shore themselves, they knew the area where they wanted to purchase but didn't know what type of investment, their budget or how to go about securing the property.

Prosper Group helped them define exactly what a good long term investment property in this area would look like. This great little property was purchased prior to Auction with no competition for less than we had priced the property.

Type of property: Freestanding House

Client Brief: Our time-poor clients were looking for the ideal holiday house to relax and enjoy some peace and quite but were unsure of where and what their budget would allow.Overview of the purchase: After looking for sometime on their own, our clients were nervous to buy and aware that the lifestyle property market was moving fast. Prosper Group helped narrow their brief and location to the South Coast of Sydney within a 2-3hr drive. It was great to secure this fabulous beach front property in a sought after coastal area with a beautiful view to sit back and enjoy.

How Did Prosper Group Assist Their Client?

Prosper Group’s client was looking to move out of the Sydney CBD where they were tenants and purchase a new business premises with additional income for investment. Prosper Group conducted an extensive search of the clients preferred areas and they identified this opportunity which offered vacant space for their business and also additional income for investment.

Prosper Group’s experience and knowledge of the market meant that their client submitted a competitive offer on both price and terms in the expression of interest sales campaign. Prosper Group’s reputation and relationship with the sales agent meant that their client was then chosen as the preferred buyer at the end of the campaign even though they were not the higher price.

Prosper Group conducted a thorough due diligence analysis which included a report on the potential refurbishment costs and fully leased returns. This gave their client the confidence that the total cost of refurbishment was within their budget and the potential new income would provide great additional income.

How Did Prosper Group Assist Their Client?

Rising business costs and soaring industrial rents prompted our client to begin searching for an industrial space that suited their unique business requirements. Our client recognised the complexities of the current industrial market and engaged Prosper Group to assist.

Through our extensive market research, relationships with selling agents and industry knowledge, we were able to present our client with various options in a tight industrial market. In particular, this industrial warehouse with truck access and main road exposure.

The property’s low site coverage allowes room for future expansion to accommodate our clients’ growing business – a key requirement in our clients brief. We were able to leverage our relationship with the required consultants in order to complete a thorough due diligence on the property in just two weeks. This allowed our client to bid at auction with peace of mind and full confidence.

Through opting for a tailored approach, our client was able to streamline their search and ensure a seamless acquisition process.

How Did Prosper Group Assist Their Client?

Our owner occupier client had been searching for some time for their new Queensland warehouse facility, with little success.

After being engaged, Prosper Group covered the market, quickly confirming our previously advised thoughts, that our client’s requirements and budget were going to be very difficult to achieve from an existing warehouse.

Prosper Group then introduced a developer, who owned well located Industrial land and the ability to build a new high spec warehouse, specifically for our client.

Prosper Group worked with the developer to design a warehouse meeting our client’s criteria, negotiated the turn-key deal and acted as our clients project manager throughout the build.

Our very happy client is now enjoying operating from their new Queensland headquarters.

How Did Prosper Group Assist Their Client?

Our client, in the Food Industry, was seeking to become an Owner Occupier due to an expected 50% increase in rent at the end of 2025 and wanting to invest heavily in technology to improve efficiency and production levels, which wasn’t viable unless they owned their business premise. 

Prior to engaging Prosper Group, our client had unsuccessfully attempted to negotiate the purchase of their existing property with their landlord.

Prosper Group conducted an extensive search across the wider Sydney Industrial market for suitable business premises. This search produced a suitable off-market alternative in a prime location. 

At the same time as conducting our search, we had been in discussions with our client's landlord. Prior to committing to the off-market opportunity we had sourced, we were able to negotiate market terms and price on our client's existing property, which would avoid significant relocation costs and production downtime.

Whilst our client didn't believe it was possible, purchasing their existing property was always their preferred option. Our client was thrilled with the outcome and what Prosper Group made possible.

How Did Prosper Group Assist Their Client?

Acting on behalf of a first-time commercial property investor, Prosper Group undertook a comprehensive search across multiple cities and asset classes, ultimately identifying the purchased property as a stand-out.

Our client’s brief was wide, looking for a property with sound fundamentals and a long-term lease in place to provide reliable returns. This property, constructed in 2007 offers 409 square metres of high-profile retail space with use of 13 carparks and considerable storage. The current tenant has occupied the space since 2009 with a 10-year renewal as of 2018, exactly the security our client was searching for.

What Our Client Had to Say:

“I had the absolute pleasure of working with the team at Prosper Group, and I couldn't be more impressed with their professionalism, expertise, and dedication. Their market knowledge is second to none. They treated the deal as if it was their own, which helped secure a fantastic outcome. They were always available, responsive, and proactive which has made for a great experience. 

If you're looking for a commercial Buyer's Agent who genuinely cares about their clients needs and delivers outstanding results, I highly recommend Prosper Group, they are the best in the business!”

- Mark I.

• 2,483 SQM of land.
• Modern Industrial complex on corner site.
• On site cold storage facilities.
• Ample on-site parking and unloading areas.
• Potential future development upside.

• 3,080 SQM of land 
• Parking for 182 cars 
• 600m from train station 

• 17,980 SQM Super Prime Industrial 
• Modern warehouse benefits from separated access with heavy vehicle access to rear.
• Long WALE asset in a prime Sydney Industrial location, leased to a reputable tenant.

How Did Prosper Group Assist Their Client?

Prosper Group's market knowledge, track record with medical assets and extensive initial due diligence assisted their client in being chosen as the preferred buyer in a competitive sales campaign and in a market where medical centres are in high demand from investors and REITS.

A fund through transaction was negotiated on behalf of the client where they saved $700,000 in stamp duty costs by buying the land up front and then making development payments throughout the development of the property until completion. As part of the upfront negotiations Prosper Group also negotiated more favourable lease terms for our client.

Prosper Group provided development management services throughout the 12 month development phase until completion.

This is the fourth property which Prosper Group has assisted this client in purchasing and it is a great addition to their portfolio with the medical centre providing diversification across the client's other properties which cover industrial, office and bulky goods uses.

• High exposure strata asset on an arterial road.
• Long-term lease to a reputable national tenant on a landlord-friendly lease covenant.
• On grade customer parking for 13 cars.

How Did Prosper Group Assist Their Client?

Acting on behalf of our long-term International Family Office client, Prosper Group sourced this property off market directly from the vendor.

Our client’s brief was to purchase a high quality and functional, well located Industrial property with a long WALE. This property, constructed in 2018, with 11.5m Internal height, loading docks, large awning, easy B Double access, plenty of staff parking and a WALE of 9.5 years to a highly regarded tenant, was exactly what our client was seeking.

Following thorough due diligence and settlement, our client commented ‘We are extremely pleased with this purchase and thank Prosper Group for pulling the deal together. Thank you for your hard work and insights, it wouldn’t have happened without you’.

What Our Client Had to Say:

"We are extremely pleased with the purchase of this high quality Industrial warehouse and thank Prosper Group for pulling the deal together off-market. Thank you for your hard work and insights, it wouldn’t have happened without your involvement!"

- Family Office

How Did Prosper Group Assist Their Client?

Acting on behalf of our high-net-worth client, Prosper Group were instructed to undertake an investigation and search for a quality property across multiple locations and asset classes. The purchased property was presented as an off-market opportunity through Prosper Group’s extensive contacts within the market.

With a brief traversing multiple locations and asset classes, the purchased property transcended all requirements. Presenting as a well-constructed and superbly maintained warehouse, considerable office and showroom space, and a global tenant. The property passed Prosper Group’s thorough Due Diligence.

As part of the negotiations, Prosper Group were able to navigate a complicated legal scenario with one of the sitting tenants taking the balance of the property through a new ‘whole of lot’ lease with brand-new fit out works.

What Our Client Had to Say:

"Thank you very much for your great work on the North Lakes purchase. It is a great property, and I am very happy with it.

You are very professional and have a great depth of knowledge on the Brisbane market.

It is easy to talk to you and I know you will provide straight up and wise advice.

All three of you have been great and enjoyable to work with. You each bring different skills to the table that are complimentary.

I look forward to purchasing my next commercial property with you."

- John C

• 4,308 SQM of land.
• Tilt panel construction with truck drive around ability.
• Well located to major highways and ports.
• Existing high quality office & showroom fitout.
• Leased to a reputable global tenant on a new ‘whole of lot’ lease.

How Did Prosper Group Assist Their Client?

Acting on behalf of a repeat high-net-worth client, Prosper Group were provided this opportunity prior to the commencement of an off-market EOI campaign.  

Knowing the uniqueness of an Industrial property in Brisbane’s Trade Coast with only 13% site coverage and the balance as concrete hardstand, we immediately commenced our Due Diligence to place our client in the best position for the off market EOI campaign.  

The properties improvements includes; hardstand facility, high-bay warehouse equipped with a gantry crane and corporate-grade office accommodation. The property’s quality ensured it met Prosper Group’s rigorous due diligence standards. 

Acquired via a sale and leaseback arrangement with the sitting tenant, Prosper Group were able to undertake all key due diligence procedures prior to the closure of the EOI period, ensuring the best possible position to secure the purchase for the client. 

What Our Client Had to Say:

"It has been great to work together again on another fantastic Industrial purchase.

The recommended strategy and approach you implemented for the EOI campaign produced a fantastic achievement.

As someone who follows the commercial market themselves, properties like this do not come about often, I am grateful for your assistance in helping me secure it. Thank you."

- John C

• 8,446 SQM of land.
• Prime Australian Trade Coast location.
• Low site coverage facility with secured concrete hardstand.
• Facilities include corporate grade offices, high bay warehouse with a gantry crane and a wash bay.
• Leased to a reputable national tenant on a new lease.

How Did Prosper Group Assist Their Client?

Through Prosper Group’s exposure to the commercial markets and industry reputation they were offered this property off market before any other buyers.

Prosper Group’s experience and up to date knowledge of the market assisted their client in conducting a quick initial due diligence analysis of the property, which allowed them to negotiate an agreed price in a short period of time which was essential to securing the property.

Prosper Group assisted their client in conducting a thorough due diligence analysis of the property and finalising the initial purchase documentation. Prosper Group then managed the transaction through the final construction period to completion.

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.

How Did Prosper Group Assist Their Client?

Our client was referred to us by their accountant as they were seeking to make their first commercial property purchase. Several options were considered, with the eventual property presented off market through an industry contact.

Located in Brendale in Brisbane’s north, the property was an excellent opportunity to purchase a freestanding, tilt-panel warehouse from the long-standing owner via a sale & leaseback process.  Prosper Group negotiated both the sale and lease terms, resulting in the purchase price being below the formal valuation.

Considerable market research and a stringent due diligence process provided the confidence the client was seeking.

What Our Client Had to Say:

"We engaged Prosper Group to assist us with the purchase of a commercial investment property and the experience was exceptional. Their team demonstrated a high level of professionalism, expertise and genuine market knowledge from start to finish.

They guided us through every stage — from strategy and sourcing to due diligence, negotiation and settlement — and kept us well informed throughout the process. Their advice was clear, practical and well-supported, giving us confidence that we were making the right investment decision.

What really stood out was their approach to relationship-building. It never felt transactional — the team genuinely focused on understanding our long-term goals and helping us build a foundation for future investments. They were personable, easy to deal with and always proactive in communication.

We are extremely pleased with the outcome and wouldn’t hesitate to recommend Prosper Group to anyone looking for a high-quality buyers agency for commercial property."

- Andrew F

• 3,248 SQM of land.
• Free-standing, tilt-panel warehouse.
• Corporate-grade offices, fit out by the tenant.
• Purchased via a Sale & Leaseback from the long-term owner.
• Located in the tightly held suburb of Brendale.
• Single tenant

How Did Prosper Group Assist Their Client?

Prosper Group were engaged by a Sydney-based family office who has been a long term client, wanting to purchase a Brisbane Industrial property. The purchased property was presented to Prosper Group as an off-market opportunity.

Located in Brendale in Brisbane’s north, the property was an excellent opportunity to purchase a modern, multi-tenanted Industrial facility offering upside by increasing rents to market in the short term. The properties’ quality and presentation was confirmed through Prosper Group’s stringent Due Diligence standards.

Being an off-market process, Prosper Group were able to manage the acquisition to our client’s advantage— ensuring thorough investigation and informed decision-making for a seamless purchase experience.

• 6,763 SQM of land.
• 5-year-old building with depreciation benefits.
• Tilt-panel construction, with two-level office & showroom.
• Multi-tenanted property, leased to long-standing local occupiers.
• Considerable on-site carparking.
• Located in the tightly held suburb of Brendale.
   

How Did Prosper Group Assist Their Client?

Prosper Group’s negotiation experience and reputation assisted their client in being selected as the preferred buyer in a competitive expression of interest campaign.

Prosper Group identified during their thorough due diligence analysis that there were various repair and maintenance defects with the property. This information was presented to the vendor and Prosper Group negotiated a favourable outcome for their client that compensated their client for the costs of rectifying these defects.

Prosper Group also identified during their thorough due diligence analysis that the current vendor was losing around $3,000 pa with their current bulk electricity arrangements. Prosper Group's in depth analysis established that that their client could renegotiate these arrangements and potentially receive a profit of around $5,000 pa.

How did Prosper Group assist their client?

Prosper Group acquired this full floor office space at Level 10, 33 York St, Sydney on behalf of one of our long-term clients. Our client was seeking their new head office and after covering the Sydney CBD was drawn to this property due to the quality of this building, central location, abundance of natural light and view over Wynyard park.

The negotiation on this property was prolonged resulting in our client being very pleased with the final purchase price and terms achieved.

The property, purchased vacant and ideally suited for our clients needs, allowed them to move their business into the space seamlessly. Prosper Group's service extended to assisting our client with their fit out ensuring an uninterrupted transition for our client’s business.

How Did Prosper Group Assist Their Client?

Prosper Group was engaged by a client in the air conditioning industry to source and secure an owner-occupied industrial premises where they had the ability to make improvements to the property to fit their business needs and future requirements. The client had been searching for over 18 months prior to appointing Prosper Group. Through a targeted market approach, Prosper Group identified and secured a suitable property within several weeks of appointment.

7 Tollis Place, Seven Hills stood out as a rare fit - a freestanding, tilt panel warehouse with no internal columns and 9m clearance, offering genuine move-in readiness. The property comprises a 2,995m² building on a 5,525m² land area, including a 1,500m² rear yard providing our client exactly what they needed, a base to operate from immediately, with clear scope to expand and redevelop down the track.

A key nuance of this transaction was the complexity of the make-good obligations. Through our experience, we were able to navigate some contention around these terms and negotiate an outcome that all parties were satisfied to proceed with.

The asset was contested by several owner-occupiers. Notably, our client's offer was only the third highest on price. The transaction was secured through negotiation strategy and relationship management rather than simply outbidding the competition.