J U S T S O L D - C A S E S T U DY
TYPE OFFICE
NLA 58M2
SOLD 16/08/2021
ENQUIRY 7
OFFERS 1
SALE PRICE $320,000
YIELD 6.25%
BITE SIZED TENANTED INVESTMENT
99/62-66 SIXTH AVENUE, MAROOCHYDORE QLD 4558 The asset was originally available for sale and lease with the vendor primarily looking to sell the mixed-use unit. Having found a great tenant offering a short-term lease, the vendor decided to accept the offer to generate income. An investment sale was difficult as the lease was under 1 year. The team discussed with the vendor the possibility to take it to our investment database. Upon exercising their option, there was more than enough time remaining for an investor to feel comfortable in the lease.
SAMUEL HOY 0423 795 273
SALES & LEASING EXECUTIVE samuel.hoy@raywhite.com
Once exercised, we reached out to our investors and multiple parties were interested in the property. Given the location, tenant confidence and the strong Sunshine Coast market, a deal was negotiated.
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