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Commercial Property for Leasing: Prahan, Victoria

Chapel Street, Prahran was a commercial property purchased with no existing lease attached to the property. The client signed up a long term lease with a blue chip tenant and was able to get an increase in the valuation above what was paid for the property

UNIQ procured finance for the settlement of the property at an LVR of 75% based on the escalated valuation which meant that the client had to put in minimum cash and equity in order to settle the property. The commercial property loan was obtained at a very competitive rate on an interest only basis in accordance with the clients requirements.

Details

Loan Amount $1,850,000
LVR 75%
Property Type Bar/Restaurant
Location Prahran, Victoria
Serviceability Type Full Doc
Loan Term 25 Years
Interest Only Period 3 Years
Interest Rate Margin 1.30% above the BBSY
Purpose Purchase Investment Property

 

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Commercial Property for Leasing: Prahan, Victoria

Chapel Street, Prahran was a commercial property purchased with no existing lease attached to the property. The client signed up a long ...

read more