J U S T S O L D - C A S E S T U DY
TYPE RETAIL
NLA 930M2
SOLD 21/12/20
ENQUIRY 8
OFFERS 1
SALE PRICE $4,000,000
MARKETING $0
MULTI-TENANTED ASSETS IN HIGH DEMAND 673-679 DAVID LOW WAY, MUDJIMBA QLD 4564
Michael Shadforth & Samuel Hoy were appointed by Pratt Property to take his multi-tenanted asset to the market. With a great tenancy mix of medical, office & food/beverage, the site was well positioned for a range of investors. The property had an option placed on it after the initial shock of COVID waned. During the option period, the property was continually marketed and we had a range of local and interstate investors express interest and look to put an offer forward should the property not proceed to contract.
MICHAEL SHADFORTH 0488 981 076
DIRECTOR - COMMERCIAL PRINCIPAL michael.shadforth@raywhite.com
Retail complexes/strips with under 10 tenancies are in high demand putting the price point under $10m. Investors feel confident in the Sunshine Coast market and are looking to invest with yields below 7%. Samuel Hoy states “It is the first asset Pratt Property has appointed an agent to sell on the Sunshine Coast so it was great to get a result at the listed price.”
SAMUEL HOY 0423 795 273
SALES & LEASING EXECUTIVE samuel.hoy@raywhite.com
DAVID GOLDSWORTHY 0481 996 794
SALES & LEASING EXECUTIVE david.goldsworthy@raywhite.com
raywhitecommercialnortherncorridorgroup.com.au