J U S T S O L D - C A S E S T U DY
TYPE RETAIL
BUILD AREA 903M2
LAND AREA 3,474M2
SOLD 14/05/2021
ENQUIRY 87
OFFERS 12
SALE PRICE MARKETING $4,850,000 $1,875
GYMPIE ROAD SHOPPING CENTRE SOLD 1289 GYMPIE ROAD, ASPLEY QLD 4034
Christine Freney and Emily Pendleton from Ray White Northern Corridor Group are pleased to announce the successful sale of 1289 Gympie Road, Aspley. The property was well positioned with strong tenants who had been in the complex for many years including: Dominos, The Billiard Shop, Jimbaroo and an Asian Restaurant who had been trading for 28 years. The complex has been sold to a private investor who was looking for an asset with a strong return whilst having potential for development in future.
E M I LY P E N D L E T O N 0402 435 446
ASSOCIATE DIRECTOR emily.pendleton@raywhite.com
The investment market is getting very competitive with low levels of stock across South East Queensland as interstate investors are taking advantage of the higher yields in Queensland. Roughly 50% of enquiries that come through are from interstate buyers and the majority are willing to purchase assets site unseen. Christine Freney stated, “We are selling a majority of our investment properties off market at the moment due to the high demand for investment stock. Yields are being driven down and now is an excellent time to sell if you are looking to free up capital while the market is at a peak.”
CHRISTINE FRENEY 0432 170 380
SALES & LEASING EXECUTIVE christine.freney@raywhite.com
raywhitecommercialnortherncorridorgroup.com.au