As a soon to be retiring pilot, my wife and I wanted to ensure that we would continue to have an income that would support our lifestyle. We were no stranger to buying properties, but with so much information and opinions floating around we knew we needed an expert. That’s when our financial adviser recommended we speak to Providence. We are just so happy with the results. We had never purchased a commercial property before and Providence made it a very easy and painless process. Our regular conversations and email updates gave us confidence that we were in safe hands. They ended up finding a fantastic property which helped us reach our retirement goals.
Greg - Investor
- Commercial purchase for a retired couple, looking to replace one of their income streams.
Key Investment Drivers
- Client's criteria required long term leases in place with nonspecific fit out requirements.
- We secured a property with an existing long term lease with an F45 Gym.
- We negotiated this property as a going concern and the client was not required to pay GST on the purchase price.
- 258 SQM ground floor in the heart of the CBD
- Immediate access to train, bus, arterial roads and retail amenities.
- Annual net income of $140,530
- Outgoings of $20,868