J U S T S O L D - C A S E S T U DY
TYPE INDUSTRIAL
NLA 1,670M2
SOLD 27/11/20
ENQUIRY 18
OFFERS 2
SALE PRICE $2,000,000
MARKETING $8,748
A SPECIALISED SITE DRAWS ATTENTION 1 & 5 CENTRAL PARK DRIVE, YANDINA QLD 4561
Putting a price on a tenanted investment where the site has such a large infrastructure commitment and is specialised to a certain tenant isn’t easy. Therefore, the team decided to take the property to market by way of an expression of interest campaign to test the market and provide feedback for our vendor. The 4 week campaign was a success with a large number of enquiries coming from multiple states in Australia and 1 official expression of interest. The feedback throughout the campaign was enough to take that initial offer and begin negotiations between the interested party and any other enquiry who showed interest in participating after the campaign finished.
MICHAEL SHADFORTH 0488 981 076
DIRECTOR - COMMERCIAL PRINCIPAL michael.shadforth@raywhite.com
After multiple offers, and enough evidence to make an informed decision, the vendor accepted an offer with a short conditional and settlement period. Both parties were happy with the result and the tenant has already built a great rapport with their new vendor. Samuel Hoy states “Expression of interest campaigns are a great way to test the market and provide pricing feedback to a vendor. The team has run the process very effectively throughout 2020 and we are seeing great results for our clients.”
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