Clients were a very busy corporate couple who were looking to buy an investment property in their Superfund. After several weeks of consultation with their financial adviser they decided not to borrow in the fund so the purchase price decreased to $700,000 and no more than $50,000 on incidentals . The brief was to find an easy commercial investment with a good lease term, reliable tenant in a good commercial space and in an area that will have capital growth and income over 5.5%. I looked at several properties on the beaches but most were not tenanted and we decided we would prefer a tenanted space. We found this strata property in Rozelle which was completed in 2016. There is a 3 year lease commencing in May 2019 with a 3 year option. Net return for the first year is $41,000 plus GST and the tenant pays all the outgoings. The rental review is 3.75% annually. Purchasers are pleased with the solid investment of their Superfund.
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