35 Chandos St, St Leonards NSW

Property Details
Building type: Office
Building area: 2,204m2
Land area: 479m2

Purchase Details
Purchase price: $5.15 million
Net passing yield: 0.7%
Fully leased net yield: 6.7%
$/m2 building area: $2,337/m2
$/m2 land area: $10,752/m2

 Property Features

  • Located close to St Leonards train station
  • District views from upper floors
  • Add value potential through refurbishment
  • Future redevelopment potential
  • Provided vacant area for purchaser to occupy for their business

Tenancy Details
WALE: 0.3 years
Net fully leased income: $721,654
Net income, $/m2: $327/m2
Tenancies: 40% leased to 3 tenants

 

 

 

 

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.

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  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

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

Kaye & Michael

Fairlight, NSW

  Prosper Group made what could have been a taxing and draining process of selling and buying houses a rewarding and enjoyable experience.  

Michael & Edwina

Turramurra, NSW

  We would like to send you a huge thank you for your assistance with our rental properties. You are always extremely helpful, professional and execute everything with a wonderfully positive attitude.  

Ian & Terry

Darling Point, Maroubra & Annandale, NSW

  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

  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