Purchased: OFF-MARKET
Purchase price: $3,500,000 ASKING PRICE: $3,750,000 Net rent: $41,818
Net yield: 4.14%
Location: SOUTHERN Sydney
Lease Term: 3 years + 3 YEARS
Increase: 4% PER ANNUM NET RENT: $162,240 NET YIELD: 4.64% (AREA YIELDS AROUND 4%)
Buyers' Agent Comments:
Goal
To purchase a Commercial leased investment with over 4% net return around Sydney.
We purchased an Industrial warehouse in a Sydney suburb which has been steadily growing at a rate of 8% per annum in the last 30 years. The property has a 3+3year lease to an established National business operating since 1975.
It’s been purchased Off-market for $3.5m which is $250,000 less than the asking price returning 4.64% net, an outstanding result and return for a property in this area.
Commercial Buyers' Agent - Alberto Da Grava
