J U S T S O L D - C A S E S T U DY
TYPE INDUSTRIAL
NLA 212M2
SOLD 02/11/20
ENQUIRY 5
OFFERS 2
SALE PRICE $475,000
MARKETING $0
LOW INVESTMENT YIELDS IN INDUSTRIAL ASSET CLASS 4/19 HANCOCK WAY, BARINGA QLD 4551
Working closely with the developer, our team was engaged to find an investor after a lease was recently executed on the property. Although the tenant wasn’t due to move in until December, our investors have been calling daily for any new opportunities and the late commencement wasn’t an issue for them. Selling the story of the Sunshine Coast, the development & the tenant was the main driver to creating competition and in turn driving up the price for our vendor. After multiple inspections and two very competitive offers, we managed to create competition between the investors driving up the price. Talking with other agents they are only achieving 7% yields for their vendors in the industrial asset class which shows our investor database is working very well. Samuel Hoy states “With such high demand for investment stock at the moment, now is a great time to bring your investment property to market to achieve capitalisation rates not seen on the Coast before to gain maximum value.”
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