Freestanding Sub $400K Purchase with Development Upside

The Details

Type: Off-market Commercial

Purchase Price: $395,000

Net Rent: $24,500

Net Yield: 6.2%

Cashflow: $18,500 per year (70% loan @ 2.5%):

Lease: Recent 3+3 year lease

Net Lettable Area: 256 sqm with 125 sqm shop area

High exposure corner allotment

Freestanding and development potential

Recent modern upgrades internally

Located on a major arterial road en route to a large residential growth area

Huge civil infrastructure spend in the region in recent times

Minimal comparable sales, meaning future capital growth prospects and rent increases