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$620K
$118,487
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High
-
Medium
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Low
-
Confidence
This commercial property offers a solid investment with versatile tenancy options. Built in 2015, the premises boast an appealing street frontage in a bustling shopping district. Spanning approximately 212sqm, Shop 1 offers an open-plan layout, five acoustically insulated offices with high ceilings and individual air conditioning, and an outdoor eating area with a verandah. It also includes a designated room ready for an industrial kitchen and a disabled toilet. Shop 2, measuring approximately 100sqm, shares convenient external toilet access and rear parking. The property features a 5kW solar power system and additional shedding, promising potential high returns.
Trusted by over 13k property buyers and counting...
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59.2%
$460K
313.4%
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Try Picki for FREE-$55,000
-$20,483
2.4%
Asking Price
$620,000
Estimated Purchase Price
$635,000
Stamp Duty
$28,755
Transfer Fee
$5,987
Conveyancing
$1,226
Deposit (10%)
$63,500
Reg. Mortgage
$187
LMI Premium
$18,282
Renovation Costs
-
Total Cash/Equity Required
$118,487
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$15,080
$21,464
Property Management
+7.7% PA
$1,161
$1,653
Rates
+3.0% PA
$1,940
$2,531
Water
+3.0% PA
$1,271
$1,658
Insurance
+3.0% PA
$1,250
$1,631
Repairs & Maintenance
+3.0% PA
$1,000
$1,305
Net Operating Income
$8,458
$12,685
Interest Repayments
$37,719
$37,719
Net Cashflow Before Tax
-$29,261
-$25,034
Depreciation
-
-
Tax Offset
-$8,778
-$7,510
Net Cashflow After Tax
-$20,483
-$17,523
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$619,440
$1,119,800
Loan Balance
I.O
$571,500
$571,500
$47,940
$548,300
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2021 Population
Suburbs
Agriculture, Forestry and Fishing - 18.0%
Health Care and Social Assistance - 12.0%
Manufacturing - 11.0%
Retail Trade - 11.0%
Others - 48.0%
Average Income
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Try Picki for FREEDisclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.
Disclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.
Average Population
projected
for 2025 to 2027
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Trusted by over 13,000 property buyers and counting...
Try Picki for FREEDisclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.
Monthly % Change in Median House Prices (Prev. Quarter)
Average Rental Yield
Average Vacancy Rate
Average Days of Supply
No data available
Average Population
Sold Price
Asking Price
