Address: 46a Macleay Street, Potts Point, NSW 2011

Completion Date: 2021

Type: Gym

Services: Acquisition

Description: Bramford purchased this retail strata suite in 2021 with a lease in place to Reunion gym. Located on the lower ground floor of a prominent office building in the heart of Potts Point, the property was purchased on a healthy 5.85% net yield and well below the expected rate per square metre for its location.

Purchase Price: $2,850,000

Purchase Price $/sqm: $6,750/sqm

Initial Net Yield: 5.85%

Initial Yield on Equity: 7.12%