J U S T L E A S E D - C A S E S T U DY
TYPE INDUSTRIAL
NLA 249M2
START / TERM 3 YEARS
ENQUIRY 0
OFFERS 1
LEASE RATE $164/M2 NET
MARKETING $0
A MASSIVE RENTAL INCREASE OF 100% 3/28 PREMIER CIRCUIT, WARANA QLD 4575
In March, our team made a commitment to call every owner in our database to see how their property was fairing during peak COVID-19. In this case, the owner was self managing and their tenant asked for rental relief and asked if we could assist. Once COVID-19 settled down and the tenant was trading well, Ray White Commercial Northern Corridor Group reviewed the asset and noticed the tenant wasn’t paying for mezzanine. A quick council approval check and the GLA was heavily increased resulting in additional income.
DAVID GOLDSWORTHY 0481 996 794
SALES & LEASING ASSOCIATE david.goldsworthy@raywhite.com
Furthermore, the tenant was on a gross lease and paying well below market rates. Coupling these issues together, and going into a new lease negotiation, we achieved over a 100% rental increase for the vendor and a new 3-year lease. David Goldsworthy stated “As an agent, working for the vendor is key. We take pride in going the extra mile to familiarise ourselves with our listings and listening to our clients. Results like this speak for themselves.”
MICHAEL SHADFORTH 0488 981 076
DIRECTOR - COMMERCIAL PRINCIPAL michael.shadforth@raywhite.com
SAMUEL HOY 0423 795 273
SALES & LEASING ASSOCIATE samuel.hoy@raywhite.com
raywhitecommercialnortherncorridorgroup.com.au