J U S T S O L D - C A S E S T U DY
TYPE INDUSTRIAL
NLA 1194M2
SOLD 21/10/20
ENQUIRY 57
OFFERS 2
SALE PRICE $1,750,000
MARKETING $12,301
INVESTORS HUNTING FOR STOCK - 7.5% YIELD 2/526 MAROOCHYDORE ROAD, KUNDA PARK QLD 4556 Achieving a 7.5% yield for an older building isn’t an easy task. Investors are achieving 7% returns on new tilt slab buildings but understanding the demand for tenanted investment stock is high allowed us to position the asset slightly higher than the newer stock to achieve a result. It did take a while to find the right enquiry; however, reaching out to the NSW & VIC market proved to be a good move as investment stock interstate is only achieving yields around 5-6% even for large stock. The investor purchased the property sight unseen as he trusted our marketing and the building and pest inspection. Michael Shadforth states “A sale like this at a low yield is evident investors are confident in the Sunshine Coast market. It’s hard to predict how the next year will affect market rates, but we know now is an excellent time to sell tenanted stock.”
MICHAEL SHADFORTH 0488 981 076
DIRECTOR - COMMERCIAL PRINCIPAL michael.shadforth@raywhite.com
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