J U S T S O L D - C A S E S T U DY
TYPE RETAIL
NLA 61M2
SOLD 05/05/2021
D.O.M. 41
ENQUIRY 22
OFFERS 3
SALE PRICE $230,000
MARKETING $0
INVESTORS SEEKING CONVENIENCE RETAIL ASSETS 5/35 OAKMONT DRIVE, BUDERIM QLD 4556
Emily Pendleton & Christine Freney from Ray White Commercial Northern Corridor Group are pleased to announce the successful sale of Shop 5 in the local Oakmont Drive shopping complex, which was secured as a tenanted investment with a yield of 5%. The property is tenanted to White Oak Café who operate the tenancy as their commercial kitchen and have expanded into the next-door premises. Having previously sold similar assets; our team has built up a database of qualified buyers who are hunting for similar stock. We reached out to these investors and previous enquiry upon listing 5/35 Oakmont Drive and soon had multiple offers in play.
E M I LY P E N D L E T O N 0402 435 446
ASSOCIATE DIRECTOR emily.pendleton@raywhite.com
Being tenanted to a well-established business made this property a perfect addition to the portfolio of the purchaser, who is a local investor. Emily Pendleton stated, “We have a very qualified database of investors, both interstate and local who are looking for similar assets. We are seeing yields tighten to as low as 5% in single and multiple retail strip shop or convenience centre assets and are on the hunt for stock to meet our growing buyer demand.”
CHRISTINE FRENEY 0432 170 380
SALES & LEASING EXECUTIVE christine.freney@raywhite.com
raywhitecommercialnortherncorridorgroup.com.au