High Return Hervey Bay Office Investment
- Leased to high profile national professional services firm
- Net Income of $75,392 pa (9.00% net yield)
- Strong regional growth prospects
Purchase Details
- Purchase Price $838,000
- Deposit (assuming 65% debt) - 35% $293,000
- Total Acquisition Costs $324,306
- Net Rental $75,392
- Net Yield on Property 9.00%
Cash-On-Cash Returns
- Deposit Needed = 35% + Costs: $324,306
- Cost of loan (Assume 2.7% pa on 65% debt): $14,707
- Return on Investment (cash on cash): 19.23%
- Return on Investment with a 5% Capital Growth Rate: 32.15%
*approximate representative numbers only
Good agent with timely communication and excellent service. Would use again.
Manu C
