Hervey Bay Industrial Unit with rare international tenant covenant
- Leased to local service branch of an international company offering extremely good covenant for a small property of this nature
- Net Income of $15,000 pa (8.00% net yield)
- Strong regional growth prospects
Purchase Details
- Purchase Price $185,000
- Deposit (assuming 70% debt) - 30% $55,500
- Total Acquisition Costs $63,790
- Net Rental $15,000
- Net Yield on Property 8.00%
Cash-On-Cash Returns
- Deposit Needed = 30% + Costs: $63,790
- Cost of loan (Assume 2.7% pa on 65% debt): $3,497
- Return on Investment (cash on cash): 21.17%
- Return on Investment with a 5% Capital Growth Rate: 35.67%
*approximate representative numbers only
