51 to 55 Dunning Ave, Rosebery NSW
Building type: Industrial
Building area: 1,395m2
Land area: 1,296m2
Purchase price: $9.0 million
Net passing yield: 3.1 to 3.9%
$/m2 building area: $6,452/m2
$/m2 land area: $6,944/m2
How Did Prosper Group Assist Their Client?
Our client had previously owned property in South Sydney and ideally wanted to purchase another property in the area due to their belief in the capital growth potential of this location. Prosper Group conducted an extensive search that covered all areas of Sydney and different asset classes looking for a property that predominately provided capital growth potential. After considering many properties across Sydney, Prosper Group secured a property in the South Sydney market that met our clients criteria. The market knowledge that our client gained from the extensive search confirmed their belief in the capital growth potential of the South Sydney market and gave them the confidence to purchase a property even though it was vacant. Adding to our clients confidence was Prosper Group’s due diligence and market analysis which confirmed the property had great investment fundamentals and features that would be attractive to a broad range of potential tenants.
The South Sydney market is very tightly held but Prosper Group were able to unlock this off market opportunity, then assist their client in acting quickly and confidently to agree on price and terms and secure the property ahead of other buyers.