154 Pacific Highway, St Leonards NSW

Property Details
Building type: Office
Building area:  6,298m2
Land area: 3,080m2

Purchase Details
Asking price: $61.0 million
Purchase price: $60.2 million
Net passing yield: 5.9%
$/m2 building area: $9,557/m2
$/m2 land area: $19,545/m2
Property Features

  • 10 level office building
  • 2 street frontages
  • Good parking facilities for 182 cars
  • 41% leased to Ramsay Health Care
  • Harbour and City views from the top 7 levels
  • Large corner site
  • Located within 600m from St Leonards train station.

Tenancy Details

WALE: 1.9 years
Net income, pa; $3,551,514
Net income, $/m2; $430/m2
Tenancies: 100% leased to 10 tenants

 

 

How Did Prosper Group Assist Their Client?

Through Prosper Group’s reputation for completing transactions and their thorough initial due diligence, their client was selected as the preferred purchaser in an international expression of interest sales campaign.

Prosper Group’s experience and up to date knowledge of the market assisted their client in completing a quick due diligence analysis of the property. This gave their client a point of difference over other buyers in the sales campaign and was essential to their client securing the property.

  We’re convinced that no other buyers agent offers such an unbiased and educated view on property investment as Prosper Group does.  

Mahlah Ludekens

Director - RecruitR

  The Prosper Group Team has managed our property in the most professional and dedicated manner.  

Lisette

MacMahons Point, NSW

  In all my dealings with Prosper Group I have felt the team really cared about the result, cared about the property and cared about our business relationship.  

Michelle Collins

Coogee, NSW

  It was like having a partner who was on my side – we had many discussions about all aspects of the property.  

GR

Managing Director - Paragon Crest Pty Ltd

  Without Prosper Group's help, persistence and expertise, we would not have found our ideal home.  

Alice & Jackson

  Prosper Group's negotiation skills reduced the price from $1,500,000 to $1,175,000.  

J.B.

Company Director & Investor

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

E. Cassimatis & Family

  The value was returned in spades. I secured a great home that I would never have been able to find myself.  

Alan Arakelian

CFO - Bain and Associates

  Prosper Group was great. They were patient and found me the right property at the right price. I could not have asked for a better experience.  

Sascha Bannon

Surry Hills

  Thank you Prosper Group for all your hard work; you have found us an investment property that ticked all the boxes  

Carolyn & Anthony

Brisbane