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Fri 27 Dec '24 with Rich Harvey How to Finance your Future with Property

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Fri 15 Nov '24 with Rich Harvey How Will the Future of the Real Estate Industry Evolve?

Fri 1 Nov '24 with Rich Harvey Sydney’s Lower North Shore - Perspectives and Insights

Fri 20 Sep '24 with Rich Harvey How to Invest or Buy Commercial Property

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Featured Property Nick's Story

Investors

Circa $1.6M

Tass Pattas

senior buyers advocate

M 0417 808 077

Melbourne, VIC

BUYERS' AGENT COMMENTS

We were approached by a local Mount Eliza business owner/investor couple to source some quality retail shops for long term investment purposes. The client had existing retail investments and our brief was that they wished to add to them. Following a lengthy 3 month process that targeted in excess of 20 vendors we sourced 2 off market retail properties in Mt Eliza Way owned by the same entity. The vendor was willing but not anxious to sell. The total combined net rent across the 2 strata retail shops was approximately $120K pa - with secure leases - and the sale price was slightly below $3M representing a passing yield of approximately 4% which albeit tight nevertheless pointed to a tightly held and much sought after retail strip. This is a great example of Propertybuyer working as an intermediatery to source off market retail properties for buyers who wish to remain silent and who prefer to avoid the trials and tribulations of competing for good retail properties in the market place.

Client Comments

Being busy with our own businesses and becoming tired of the traditional process of purchasing quality retail through the traditional process, we invited Tass to our house in Mt Eliza after seeking the services of Propertybuyer. Our brief to him was that we wanted our retail investment to be solid, close to home with a solid lease and minimal long-term headaches. Whilst the process took a few months we liked the fact that we were negotiating exclusively with the vendor without the trials and tribulations of normal process. We did not expect to buy 2 properties but were fortunate that the vendor owned 2 within the same development. Thanks to Tass and the whole Propertybuyer team for this great experience.

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