J U S T S O L D - C A S E S T U DY
TYPE OFFICE
NLA 469M2
SOLD 11/03/21
ENQUIRY 14
OFFERS 2
SALE PRICE $1,620,000
MARKETING $275
3 UNITS IN ONE LINE SOLD AT THE TOP OF BUDERIM 2, 3 & 4, 99 BURNETT STREET, BUDERIM QLD 4556
At the time of listing, the current tenant’s lease was nearing its expiry presenting an opportunity for an owner-occupier to secure the properties. With limited stock on the market between 300-400m2 of office space, we knew buyers would have very few alternatives available, and would likely pay a premium. The opportunity presented was rather unique, with three units of office space in one line and an outstanding wrap around balcony with phenomenal views. After a short period of negotiation, a great outcome for all parties was achieved, above the sellers expectations. Emily Pendleton stated, “If your tenants lease is coming up to an end within the next 6 months, it is a good time to review the value of your property. Due to the shortage in stock and the high demand, owner-occupiers are paying a premium for vacant office space right now.”
E M I LY P E N D L E T O N 0402 435 446
ASSOCIATE DIRECTOR emily.pendleton@raywhite.com
CHRISTINE FRENEY 0432 170 380
SALES & LEASING EXECUTIVE christine.freney@raywhite.com
raywhitecommercialnortherncorridorgroup.com.au