2 – 10 Myall Quays Boulevard, Tea Gardens
Building type: Retail
Building area: 4,349m2
Land area: 18,594m2
Purchase price: $8.3 million
Net passing yield: 8.0%
Fully leased net yield: 8.8%
$/m2 building area: $1,908/m2
$/m2 land area: $446/m2
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.