J U S T S O L D - C A S E S T U DY
TYPE INDUSTRIAL
NLA 1,824M2
SOLD 23/02/21
ENQUIRY 7
OFFERS 2
SALE PRICE $1,650,000
MARKETING $0
INVESTORS LOOKING REGIONAL FOR HIGHER YIELDS 38 SOUTHERN CROSS CIRCUIT, URANGAN QLD 4655
The investment market is getting very competitive with low levels of stock across South East Queensland as interstate investors are taking advantage of the higher yields in Queensland. Roughly 50% of enquiries that come through are from interstate buyers and the majority are willing to purchase assets sight unseen. Although our team isn’t based in Hervey Bay, we have a large investor database with clients across Australia that allows us to sell investment property outside of our core. We had a range of interest in this multitenanted asset and the purchaser ended up coming from Sydney and was able to view the asset between borders closures.
SAMUEL HOY 0423 795 273
SALES & LEASING EXECUTIVE samuel.hoy@raywhite.com
The property wasn’t marketed for sale online as the vendor was okay to test the market and see if there was any interest. Being a new build and fully tenanted across 9 units, the development appealed to a lot of investors and it didn’t take long to secure a sale. Samuel Hoy states “We are selling a lot of investment property off market at the moment due to the high demand for investment stock. Yields are being driven down and now is an excellent time to sell if you’re looking to free up capital while the market is at a peak.”
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