121 Arden Street
A newly refurbished ground floor retail and office property at 121 Arden Street in North Melbourne, with a Gross Building Area of 389m² and a 20m street frontage. It sits in the Arden Precinct within walking distance of the new Arden train station and near the 57 Tram, with two initial tenants on leases with fixed 3.00% per annum increases.
Bedrooms
N/A
Bathrooms
N/A
Size
4187 sq ft
Year Built
N/A
Projected value
The offering costs $1,237,029.30 in total. The property itself is $1,157,000.00, so 6.9% of the total sits on top of the purchase price in reserves, costs and fees. Investors put in $676,000.00 and a $561,029.30 loan covers the rest.
- Purchase price93.5%$1,157,000.00
- Reserves and improvements2.3%$28,028.00
- Closing and offering costs5.6%$69,472.00
Figures as published by the platform at listing. Reserves are held for the property and stay inside the deal, closing costs and the platform fee do not.
Total Shares
10,000
Share Price
$40.90
Shares Available
10,000
Minimum Investment
$40.90
Share Holders
N/A
Platform Fee
1.19%
Management Fee
0.20% a year
Leverage
48% debt
Property Type
Commercial
Bedrooms
0
Bathrooms
0
Size
4187 sq ft
Year Built
N/A
Condition
N/A
