J U S T S O L D - C A S E S T U DY
TYPE INDUSTRIAL
NLA 473
SOLD 17/09/20
ENQUIRY 10
OFFERS 1
SALE PRICE $910,000
MARKETING $1,603
INVESTORS COMPETING FOR STOCK
8/42 OWEN CREEK ROAD, FOREST GLEN QLD 4556 Initially Ray White Northern Corridor Group listed the asset as vacant possession with the existing tenant looking to relocate. During the expression of interest campaign the market feedback didn’t see value at the price point on offer so our team pivoted and focused on securing a tenant long-term to sell to investors. Discussing options with the existing tenant, we managed to secure a new lease with a reputable brand that was favourable to investors. Using our extensive investor database, we managed to create a lot of competition and achieve a higher price than anticipated and the property went to contract within 2 weeks. Samuel Hoy states “We have an abundance of investors seeking assets under $1M and achieving yields as low as 6% due to heightened competition. If there was a time to sell your tenanted property, it’s now!”
SAMUEL HOY 0423 795 273
SALES & LEASING EXECUTIVE samuel.hoy@raywhite.com
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