250 Beardy St, Armidale NSW

Property Details
Building type: Retail
Building area: 870m2
Land area: 1,861m2Purchase Details
Purchase price: $2.05 million
Net passing yield: 7.8%
$/m2 building area: $2,357/m2
$/m2 land area: $1,102/m2		 Property Features

  • Modern retail building
  • Prominent corner site
  • 100% leased to 2 national retail
  • Located in the Armidale CBD opposite Woolworths shopping centre

Tenancy Details
WALE: 6.3 years
Net passing income: $160,000
Net income, $/m2: $184/m2
Tenancies: 100% leased to 2 tenants

 

 

 

 

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

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  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, NSW

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

Carolyn & Anthony

Brisbane, QLD

  We have never experienced the level of property management and confidence that you give us.  

Kaye & Michael

Fairlight, NSW

  We could have gone all year looking and searching. We are positive we could not have found a better home that suits our needs. Thank you again for providing a service that we will only ‘sing it’s praises'!  

Sharon & Lloyd

Northbridge, NSW

  Highly recommend Prosper Group. They were highly professional, knowledgeable and flexible when our brief changed! Also a pleasure to work with and we’re thrilled with our result.”  

Lou & Angus

Mosman, NSW