J U S T S O L D - C A S E S T U DY
TYPE OFFICE
NLA 228M2
SOLD 27/07/21
ENQUIRY 5
OFFERS 4
SALE PRICE $835,000
MARKETING $456.09
ALLIED HEALTH TENANTED INVESTMENT SALE 14/14-20 AERODROME ROAD, MAROOCHYDORE
Emily Pendleton and Christine Freney from Ray White Commercial Northern Corridor Group are pleased to announce the successful sale of 14/14-20 Aerodrome Road, Maroochydore. The property was sold in under 90 days with a 30 day finance and due diligence period to a local buyer through our investor database. With yields continuing to drop on medical and allied health assets, Emily and Christine were able to provide an outstanding result for both the buyer and the seller with a yield of 6.5%. Emily and Christine secured the lease only a few weeks prior to taking the investment to market and the lease was negotiated with a staggered rental increase over the 5 years. This was very attractive to the buyers to be able to grow their return and better the 6.5% each year, rather than just a standard CPI or 3% increase. “Since the property went unconditional 3 weeks ago, we have received 21 investor enquiries and 7 owner occupier enquiries asking if the property would be for sale vacant possession. We are desperately on the hunt for similar stock either tenanted or not,” said Emily Pendleton.
EMILY PENDLETON 0402 435 446
ASSOCIATE DIRECTOR emily.pendleton@raywhite.com
CHRISTINE FRENEY 0432 170 380
SALES & LEASING EXECUTIVE christine.freney@raywhite.com
raywhitecommercialnortherncorridorgroup.com.au