J U S T S O L D - C A S E S T U DY
TYPE INDUSTRIAL
NLA 293M2
SOLD 25/01/21
ENQUIRY 5
OFFERS 2
SALE PRICE $750,000
MARKETING $0
FROM VACANT TO TENANTED TO SOLD 1/24-26 HANCOCK WAY, BARINGA QLD 4551
Understanding that there is high demand for investment stock allowed our team to reposition the asset to obtain a sale for our vendor. The goal was to sell the property; however, the owner occupier enquiry had been quite low so we evaluated the rate we could achieve to lease and compared it to the average yield. After securing a tenant, and while the fitout was taking place, we went to our investor database to secure a sale. Within the first 2 weeks we had multiple offers and a contract. The initial contract fell over due to border closures but a backup contract was established and a sale was made just in time for the tenant to start trading.
MICHAEL SHADFORTH 0488 981 076
DIRECTOR - COMMERCIAL PRINCIPAL michael.shadforth@raywhite.com
Having a team of three allows us to focus on our strengths and put all our energy into different components of the market and service our vendors to a high standard. We take a business scaled approach instead of trying to handle a sale or lease as an individual and the results are starting to show. Samuel Hoy states “Having a database of active prospective clients across the Northern Corridor holds a lot of value. It allows us to create competition and provide market feedback to our vendors.”
SAMUEL HOY 0423 795 273
SALES & LEASING EXECUTIVE samuel.hoy@raywhite.com
DAVID GOLDSWORTHY 0481 996 794
SALES & LEASING EXECUTIVE david.goldsworthy@raywhite.com
raywhitecommercialnortherncorridorgroup.com.au