Multi-Tenanted Newcastle Commercial Asset with Strong Income

The Details

Location
Northern Rivers, NSW
Type
Commercial
Purchase Price
$8,300,000 as a going concern
Rent
$540,279
Yield
6.5%
Cashflow
$212,629 net (70% LVR at 6.5% interest rate)
Lease
Multiple leases expiring between 2027 and 2036 with annual reviews and options for tenants 2-5
Total Area
3,016.9 sqm land; 1,960.37–2,100 sqm building

Why We Love This Property

  • Multi-tenanted commercial asset with five tenants
  • Refurbished in 2023
  • Long lease to anchor tenant expiring 2036
  • Terrific tenancy mix with well apportioned tenancy areas
  • Large 3,016.9 sqm landholding
  • Very strong yield
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