Multi-tenanted retail in Sydney inner-west
The Details
Location: Sydney, NSW
Type: Retail
Purchase Price: $1,002,500
Net Rent: $67,450
Net Yield: 6.73%
Cashflow: $22,464 70% loan at 6.5%)
Total Return Including Capital Gains: (cashflow + 6% growth) $72,589
Lease: 2 leases - 3 and 5 years
Total area: 145 sqm
What we like about this property:
Located on the Ground floor with prominent street presence and exposure on Princes Highway.
New building completed in late 2017
Nestled within a mid-rise residential building thus a steady stream of patronage to the tenants businesses