“Owning several properties means BSA Property Trust fully appreciates the importance of a good Property Manager. Prosper Group’s Asset Management service is about improving the financial performance of our commercial property. In our case they truly exceeded our expectations.
Prosper Group has been very active with our Brisbane commercial property investments. By maintaining close contact with the tenant they received an early indication that the tenant was planning to vacate the property at the end of their term.
Prosper Group immediately performed a market analysis, determining the appropriate market rental rates and terms on which a new tenant could be secured.
By the time the existing tenant had vacated a new prominent tenant had been located and terms agreed to – including a five year term and a net rental rate of $43 per sqm more than the previous tenant was paying.
Throughout the process, Prosper Group consistently updated us and arranged the whole leasing process.
They had improved the cash flow to a net yield above 10.5% and increased the value of the property by approximately 50%.
It is with confidence that I can say Prosper Group will be engaged to manage further commercial properties as we acquire them throughout NSW and QLD”.