J U S T S O L D - C A S E S T U DY
TYPE INDUSTRIAL
NLA 159M2
SOLD 14/04/21
ENQUIRY 32
OFFERS 5
SALE PRICE $406,000
MARKETING $0
INVESTMENT MARKET BOOMING
2/9-11 NEWSPAPER PLACE, MAROOCHYDORE QLD 4558 The last month we have placed over 10 investment properties under contract. As interest rates remain low, we are experiencing unprecedented enquiries from investors both local and interstate and are achieving record high prices with yields as low as 6%. This property was occupied by a local printing business who thrived through COVID which made the opportunity very attractive. We had the property on the market for only a short period of 2 weeks where we used our internal qualified investor database to drive competition and resulted in a price $5,000 over our original appraisal sale price. We have 31 leftover enquiries and 4 other qualified offers still looking to buy in this location.
E M I LY P E N D L E T O N 0402 435 446
ASSOCIATE DIRECTOR emily.pendleton@raywhite.com
Christine Freney stated, “We have not seen a market this competitive for a long time and there is no signs of it slowing down. If you have been waiting for the right time to sell your property, the peak is now!” CHRISTINE FRENEY 0432 170 380
SALES & LEASING EXECUTIVE christine.freney@raywhite.com
raywhitecommercialnortherncorridorgroup.com.au