Multi-tenanted retail with impressive cashflow

The Details

Location: Logan, QLD

Type: Retail

Purchase Price: $3,175,000

Net Rent: $191,000

Net Yield: 6.02%

Cashflow: $108,173 70% (loan at 6.5%)

Total Return Including Capital Gains: (cashflow + 6% growth) $265,288

Lease: 8 tenancies

Total area: 711sqm on 3,511sqm corner site

What we like about this property: 

Next to major public school, major kindergarten, preschool

Because there are 8 tenants, if 1 goes vacant you still get ⅞ of the rent

Low vacancy

Huge plot of land and the ability to build a second story (residential potentially)

Mass development potential

$60,00 a year depreciation!!!!