42 President Ave, Caringbah NSW
Building type: Medical
Building area: 1,528m2
Land area: 1,144m2
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.