51 to 55 Dunning Ave, Rosebery NSW

Property Details
Building type: Industrial
Building area:  1,395m2
Land area: 1,296m2

Purchase Details
Off-market purchase
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
Property Features

  • Zoned B4 with mixed use redevelopment potential
  • Potential to split into two separate tenancies
  • Located within the Green Square redevelopment area
  • Functional industrial building
  • Good internal height, sprinklers, off-street car parking


Tenancy Details
WALE: Vacant possession
Net income, pa; $295,000 to $368,000
Net income, $/m2; $211/m2 to $264/m2
Tenancies: Vacant possession

 

 

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.

  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