Location
Western Sydney, NSW
Type of Property
Childcare Centre
Reason for purchase:
Investment
Purchase Price: $7.0m
Client Budget for a Property Investment: $8.0m
Asking price: $7.2m
Lease term: 20years
Outgoings: 100% paid by the tenant
Property age: 18 months
Net yield: : 5.8%
Negotiated Discount $200,000
Client brief:
Our client is a busy Doctor with a substantial residential property portfolio and he wanted to diversify into commercial property. He needed our advice and help with finding, evaluating and negotiating the right property for him. After several months of searching we located a Childcare Centre Investment that was only 18 months old and still had over 18 years left to run on a 20 year lease. We negotiated a discount to asking price and now take care of the day to day property management for our client.
Chris is the consummate professional, everything you could ask for from a property agent. We achieved the result we wanted (well above guide price). The tenants were very willing to assist with all open inspection by presenting the property in the best light. This was due to the great relationship fostered by Chris with the tenants. This helped us achieve the results we were after. The communication throughout the process was very clear and concise. Chris was always respectful of our time also as everyone is busy, in this day and age. My opinion of property agents to date has been average to poor (due to past experiences) so its was refreshing to know there are still great agents out there who actually care and it is isn’t just about their profits. No doubt I will be using Chris’ services in the future.
Alex & Eugenia Pappas
Amazing Service & results
Chris was very knowledgeable on current properties and market dynamics. We found him to be very courteous and professional. We were well informed throughout the process, and it was a pleasure to deal with.
Sergio P (Buyer)
Chris was very professional
I have recommended Chris White and Pillar Property to many of my friends and have only had fantastic positive feedback. Chris and his team are reliable, trustworthy honest and extremely professional.
Eric Brown
I have only had fantastic positive feedback.
Thank you, Chris, for all your help; your service, attention to detail and thorough processes are second to none. There were boxes that I needed to be ticked in choosing the right agent and you and your team delivered this for me. I am extremely happy with your service and the results acheived!
Your experience makes a world of difference and I would be very keen to recommend your services to friends and family.
Thank you again.
Daniel Tran
Your experience makes a world of difference
Chris was very professional in his dealings with me and made the process of buying seamless. Thank you Chris for assisting me with the biggest purchase of my life.
Eden Connell (Buyer)
The process was fluid and easy
Chris and the team at Pillar Property have helped several of my friends manage investment properties and do an amazing job. Highly recommended.
Bud Verheijen
Highly recommended
We have just purchased our first investment property and I just wanted to say thank you Chris, Sharon and everyone at Pillar Property for making the property management process so smooth and easy.
I would like to also take this time to express our gratitude to Sharon over this process, she has been exceptional with everything she has done for us, organising inspections, getting quotes for work to now organising tenants. She has been vigilant, responsive and overall so helpful and happy to help us on this journey.
We look forward to our ongoing dealings with Pillar. Thank you again Chris and team.
We look forward to our ongoing dealings with PillarJayson and Kylie
I have owned investment properties for 30 years in different states around Australia and have always had them managed by property managers. I can honestly say, hand on heart, that Pillar Property has provided the best service of all of them. First I met with Managing Director Chris White who always provided detailed information to help me make my decisions. Chris then handed me over to his property manager Rachael Brown and her attention to detail and careful management of my property is literally second to none. I highly recommend Pillar Property and I know that anyone that uses them will be as impressed as I am.
Sonya Furlong
Pillar provide the best service
We have been working with Chris since 2004 and the team at Pillar Property manages our investment properties. As well as being fantastic property managers, they have also coordinated renovations which have provided us with a substantial increase in rent. Whilst we are working overseas, it’s imperative that we have someone looking after our properties that we can trust.
PANN PTY LTD
Whilst we are working overseas, it’s imperative that we have someone looking after our properties that we can trust
Chris has been providing us with advice and guidance on our property portfolio since 2006. The team at Pillar Property do a lot more than manage tenants and collect rent, they have helped us increase the value of our properties through coordination of renovations, maximising the rent and reducing repairs and maintenance costs.
Antonis Family Super Fund
The team at Pillar Property do a lot more than manage tenants and collect rent
