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Circa $1.35M
We were approached by a local Mount Eliza business owner/investor couple to source some quality retail shops for long term investment purposes. The client had existing retail investments and our brief was that they wished to add to them. Following a lengthy 3 month process that targeted in excess of 20 vendors we sourced 2 off market retail properties in Mt Eliza Way owned by the same entity. The vendor was willing but not anxious to sell. The total combined net rent across the 2 strata retail shops was approximately $120K pa - with secure leases - and the sale price was slightly below $3M representing a passing yield of approximately 4% which albeit tight nevertheless pointed to a tightly held and much sought after retail strip. This is a great example of Propertybuyer working as an intermediatery to source off market retail properties for buyers who wish to remain silent and who prefer to avoid the trials and tribulations of competing for good retail properties in the market place.
Being busy with our own businesses and becoming tired of the traditional process of purchasing quality retail through the traditional process, we invited Tass to our house in Mt Eliza after seeking the services of Propertybuyer. Our brief to him was that we wanted our retail investment to be solid, close to home with a solid lease and minimal long-term headaches. Whilst the process took a few months we liked the fact that we were negotiating exclusively with the vendor without the trials and tribulations of normal process. We did not expect to buy 2 properties but were fortunate that the vendor owned 2 within the same development. Thanks to Tass and the whole Propertybuyer team for this great experience.
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Propertybuyer Inner West, South Sydney & CBD
Level 17 Chifley Tower
2 Chifley Square
Sydney NSW 2000
Australia
Suite 2201, Level 22, Tower Two
Westfield Bondi Junction
101 Grafton Street
Bondi Junction NSW 2022
Australia
Propertybuyer Northern Beaches / Northern Suburbs
Suite 2
47-49 The Centre
Forestville NSW 2087
Australia
Propertybuyer Newcastle / Hunter Valley
4 Orana Crescent
Adamstown Heights
Newcastle NSW 2289
Australia
Suite 3135
3 Parkland Boulevard
Brisbane City QLD 4000
Australia
Propertybuyer Inner West, South Sydney & CBD
Level 17 Chifley Tower
2 Chifley Square
Sydney NSW 2000
Australia
Suite 2201, Level 22, Tower Two
Westfield Bondi Junction
101 Grafton Street
Bondi Junction NSW 2022
Australia
Propertybuyer Northern Beaches / Northern Suburbs
Suite 2
47-49 The Centre
Forestville NSW 2087
Australia
Propertybuyer Newcastle / Hunter Valley
4 Orana Crescent
Adamstown Heights
Newcastle NSW 2289
Australia
Suite 3135
3 Parkland Boulevard
Brisbane City QLD 4000
Australia
The Propertybuyer
Podcast
Fri 29 Nov '24 with Rich Harvey How to Make Better Financial Decisions |
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Fri 15 Nov '24 with Rich Harvey How Will the Future of the Real Estate Industry Evolve? |
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Fri 1 Nov '24 with Rich Harvey Sydney’s Lower North Shore - Perspectives and Insights |
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Fri 20 Sep '24 with Rich Harvey How to Invest or Buy Commercial Property |
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Fri 6 Sep '24 with Rich Harvey Breaking Gender Barriers, Creating Empathy & Other Empowering Strategies |
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Fri 23 Aug '24 with Rich Harvey Where to invest for around $500k? |
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