24A Ralph Street, Alexandria NSW

Property Details
Building type: Industrial
Building area:  1,958m2
Land area: 2,483m2

Purchase Details
Purchase price: $14.5 million
Net passing yield: 3.5%
$/m2 building area: $7,406/m2
$/m2 land area: $5,839/m2
Property Features

  • Modern industrial complex on corner site.
  • On site cold storage facilities
  • Ample on-site parking and unloading areas
  • Potential future development upside

Tenancy Details
WALE: 5 years
Net income, pa; $506,836
Net income, $258/m2
Tenancies: Single tenant

 

 

How Did Prosper Group Assist Their Client?

Despite the COVID restrictions, Prosper Group was able to leverage off their extensive relationship with the required consultants in order to complete Due Diligence in a tight timeframe which was critical for this transaction to be successful.

With the Industrial market being the strongest it’s ever been, their client was extremely pleased that Prosper Group used their agent relationships and were successful in sourcing this outstanding property off market, meaning their client wasn’t involved in an extremely competitive negotiation process against other buyers.

After successfully assisting this client with purchasing a prior property in Rosebery and 12 months later selling that property to make a $3.5 million (40%) profit, our client entrusted Prosper Group in assisting them again to purchase this property and utilise these profits.

  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