72-78 Brook St, Muswellbrook NSW

Property Details
Building type: Retail
Building area: 12,639m2
Land area: 16,350m2 

Purchase Details
Asking price: $40 million
Purchase price: $34.25 million
Net passing yield: 6.8%
Fully leased net yield: 8.9%
$/m2 building area: $2,710/m2
$/m2 land area: $2,095/m2

Property Features

  • Subregional shopping centre with Woolworths Petrol pad site
  • Anchored by Woolworths and Big W
  • Tenancies consist of 2 Majors, 2 Mini Majors, Woolworths Petrol, and 18 specialties
  • 3 street frontages
  • 426 car parking spaces
  • Located in the main commercial centre.

Tenancy Details
WALE:  3.7 years
Passing net income, pa; $2,343,385
Fully leased net income, pa; $3,058,905
Net income $/m2; $242/m2
Tenancies: 89% leased to 23 tenants

 

 

 

 

How Did Prosper Group Assist Their Client?

Through Prosper Group’s negotiation experience and reputation, their client was chosen as the successful buyer in a competitive on market sales campaign.

Prosper Group conducted a thorough due diligence analysis of the property including a strategic planning analysis for the repositioning potential of the property. Prosper Group identified various issues with the property and they were successful in negotiating a reduction in the final price to compensate for these issues.

 

  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