J U S T S O L D - C A S E S T U DY
TYPE INDUSTRIAL
NLA 242M2
SOLD 12/01/21
ENQUIRY 4
OFFERS 1
SALE PRICE $470,000
MARKETING $524
INVESTMENT MARKET NOT SLOWING DOWN 3/17 HANCOCK WAY, BARINGA QLD 4551
Understanding the investment market is performing well was critical in selling this property. The local market wasn’t receptive to a vacant sale so we pivoted to focus on leasing the tenancy to then sell to an investor. Providing a clear breakdown of leasing rates and investment capitalisation rates outlined to the vendor the figures would work for the intended sale price. After securing a tenant, we went out to our database of active investors to create competition for the property.
MICHAEL SHADFORTH 0488 981 076
DIRECTOR - COMMERCIAL PRINCIPAL michael.shadforth@raywhite.com
Within a week we had a competitive offer and after negotiations a deal was secured. Yields are still dropping in the industrial asset class and the market couldn’t be in a better position to capitalise for owners looking to sell while the market is high. Samuel Hoy states “The investment market is the best we have seen on the Sunshine Coast so it’s no surprise this asset went for below a 6.5% yield.”
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