Address: 88 Alfred Street, Milsons Point, NSW 2061

Completion Date: 2018

Type: Retail

Services: Acquisition, Development Management

Description: Bramford purchased this retail strata lot off-the-plan from CBUS in 2016. Through Bramford’s long standing relationship with QE Foodstores, we were able to secure QE as a tenant prior to completion of construction. The property was revalued with an Agreement for Lease (AFL) in place, providing a favourable funding scenario with significantly less upfront equity required at settlement. Following completion with a long term lease to QE Foodstores in place, the property was sold to an off shore investor, achieving a circa 100% margin on purchase price.

Purchase Price: $3,021,000

End Sale Price: $6,000,000

Margin: 100%