J U S T S O L D - C A S E S T U DY
TYPE RETAIL
NLA 49M2
SOLD 16/04/21
ENQUIRY 41
OFFERS 5
SALE PRICE $310,000
MARKETING $460
INVESTORS SEEKING STRIP RETAIL
7/129 KING STREET, BUDERIM QLD 4556 The vendors reached out as they needed to sell the asset quickly and still achieve a high sale value. We initially appraised the property between $285,000 - $295,000. We then took the opportunity to our database of qualified investors as well as the online portals to ensure no rock was left unturned to achieve a premium outcome. Through competition creation we were able to drive the price up with 5 offers on the property from the first offer at $255,000 to the final contract price of $310,000 which was well above the appraised price. The vendors were absolutely ecstatic, with a great outcome achieved in a short period of just 2.5 weeks on market. Emily Pendleton stated, “We have a very qualified investor database looking for similar assets and we used the competition from our database to drive the price up getting the vendor the best result for this asset - a higher sale price.”
E M I LY P E N D L E T O N 0402 435 446
ASSOCIATE DIRECTOR emily.pendleton@raywhite.com
CHRISTINE FRENEY 0432 170 380
SALES & LEASING EXECUTIVE christine.freney@raywhite.com
raywhitecommercialnortherncorridorgroup.com.au