Case Study - 1+4/9-13 Matheson Street, Baringa

Page 1

J U S T L E A S E D - C A S E S T U DY

TYPE INDUSTRIAL

NLA 524M2

START / TERM 5 YEARS

ENQUIRY 1

OFFERS 1

LEASE RATE $157/M2 NET

MARKETING $0

THINKING OUTSIDE THE BOX

1 + 4/9-13 MATHESON STREET, BARINGA QLD 4551 The tenant approached our team as their business was rapidly expanding so they needed to double their floor space. Their previous tenancy had very little public exposure so they wanted to find somewhere they would get more attention but also had a budget to work with given they were doubling their operation. Aura Business Park sounded like the perfect fit with the population growth and big name tenants drawing a lot of attention to the area. Understanding the retail components that are allowed within the zoning, the team proposed taking two adjoining tenancies to allow for 1 high exposure tenancy at a higher rate and then a rear tenancy at a reduced rate for their repairs and maintenance.

DAVID GOLDSWORTHY 0481 996 794

SALES & LEASING EXECUTIVE david.goldsworthy@raywhite.com

David Goldsworthy states “Too often we hear a tenant didn’t make a move because of pricing or leasing terms. Digging deeper into their requirements and motivation, we can typically find a solution that works for the tenant and our vendor.” SAMUEL HOY 0423 795 273

SALES & LEASING EXECUTIVE samuel.hoy@raywhite.com

MICHAEL SHADFORTH 0488 981 076

DIRECTOR - COMMERCIAL PRINCIPAL michael.shadforth@raywhite.com

raywhitecommercialnortherncorridorgroup.com.au


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