No Stamp Duty, No Land, High Yield Retail

The Details

Location: Canberra, ACT

Type: Retail

Purchase Price: $800,000

Net Rent: $50,000

Net Yield: 6.25%

Cashflow: $10,600 (70% loan at 6.5%)

Total Return Including Capital Gains: (cashflow + 6% growth) $58,600

Lease: Brand new 5-year lease + 5-year option.

Total area: 91 sqm

WHY WE LOVE THIS PROPERTY:

20 minutes away from Canberra CBD

No need to pay for land tax and stamp duty

At least 5 to 8% savings in purchase costs

Modern fit-out with commercial kitchen, cool room and its own amenities.