J U S T S O L D - C A S E S T U DY
TYPE INDUSTRIAL
NLA 305M2
SOLD 16/03/21
ENQUIRY 7
OFFERS 1
SALE PRICE $575,000
MARKETING $1,885
TENANT TO OWNER
4/6-8 GEO HAWKINS CRESCENT, BARINGA QLD 4551 Our vendor was initially looking at selling the units in his development; however, we weren’t getting too much interest so we decided to hunt for tenants with the opportunity to sell to an investor. We found a tenant that had a strong interest in buying but didn’t have the capital at first. After establishing a lease on the property, we put the tenant in contact with a commercial broker we work closely with to help our clients secure a property for their business. Their circumstances were unique and it took a couple of months of financing options to find the right option but in the end it secured a sale.
SAMUEL HOY 0423 795 273
SALES & LEASING EXECUTIVE samuel.hoy@raywhite.com
The vendor was happy with the result as they were paying rent during the contract stage so the unit wasn’t vacant and was providing an income on the property. David Goldsworthy states “Pivoting during different market cycles is why our team is getting great results for our vendors. Understanding the restraints in a market can assist in getting a deal done.”
MICHAEL SHADFORTH 0488 981 076
DIRECTOR - COMMERCIAL PRINCIPAL michael.shadforth@raywhite.com
DAVID GOLDSWORTHY 0481 996 794
SALES & LEASING EXECUTIVE david.goldsworthy@raywhite.com
raywhitecommercialnortherncorridorgroup.com.au