$3.5M
Purchase Price
40%
Budget
8.2%
Net Yield
$2,511
Rate Per SQM Land
$5,535
Rate Per SQM NLA
2021
Deal Date
The client had specific requirements where they required a C-B grade building where we could add value by increasing rents on all the tenancies.
The client is a foreign investor looking to purchase their fourth freehold building in Australia. The client had specific requirements where they required a C-B grade building where we could add value by increasing rents on all the tenancies. Through long standing relationships with prominent commercial agents we were able to source this property on Arden Street Coogee off market which met the criteria as well as provide the clients with huge development opportunity to be realised in the future.
5.0 
N
Nathan P
"Michael was fantastic to deal with from the first meeting right through to settlement! He took the time to understand what we were looking for and then gave regular updates once the list of potential options started coming in. Michael was able to refine the list and found a great off-market option which we were able to secure quickly. It was pretty much exactly what we were looking for. I would definitely recommend Michael to others."
