Property News April 2018
We are not restricted to residential property acquisitions
Client’s goals - to diversify their property portfolio and purchase a commercial property within their SMSF.
The brief was simple: to source and negotiate a commercial property in the Sydney Metro area which met the following requirements; prominent position, good yield, secure tenant, surrounded by established businesses, long-term lease, annual increases, sound building and good prospects for growth.
We regularly undertake acquisition and consultancy work in South Sydney and Alexandria. Our team boast an intimate understanding of the market and properties within the area and our experience working with owners in the area enabled us to approach one directly and secure an off-market, modern “High Tech” commercial property in Alexandria.
The property purchase ticked all the requirements for our client. The property showing a 7.2% net return (remember this is less than 5km from the CBD), 4% annual reviews, 4 x 3 x 3 lease, tenant paid all outgoings, profile tenant, surrounded by prominent business in the vicinity (Redbull, Grounds Café, Fitness Australia, Pacific Brands, Suntory, to name a few).
The planning authority is forecasting residential development growth to exponentially increase in the neighbouring suburb of Green Square. It is predicted to increase the demand for commercial space for SME’s according to industry reports.
What do our client say?
"John Gibson has assisted us in purchasing numerous properties over the years. His knowledge, professionalism and communication throughout the entirety of the process is always outstanding. We have recommended his services to our family and friends and will continue to do so in the future."
- Kelvin and Rachel Evans