J U S T S O L D - C A S E S T U DY
TYPE INDUSTRIAL
NLA 317M2
SOLD 20/01/21
ENQUIRY 11
OFFERS 1
SALE PRICE $625,000
MARKETING $0
INVESTMENT MARKET BOOMING
3 & 4/31 HANCOCK WAY, BARINGA QLD 4551 The last month we have placed over 10 investment properties under contract, all of them the owners have been very satisfied with the price and result. As interest rates remain low, we are experiencing unprecedented enquiries from investors and achieving record high prices. This asset is occupied by a local gym who was forced to shut down during COVID like all others. A contract was placed on the property prior to the initial lockdown which saw the sale fall through. Now the market has a lot more faith in the government’s management of the virus, investors are confident in service industry tenants and it didn’t take long to secure another investor on this property.
MICHAEL SHADFORTH 0488 981 076
DIRECTOR - COMMERCIAL PRINCIPAL michael.shadforth@raywhite.com
Samuel Hoy states “We haven’t seen a market this competitive and yields dropping so low. If you wanted to sell while the market is at it’s peak, now is the time.” 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