J U S T S O L D - C A S E S T U DY
TYPE INDUSTRIAL
NLA 226M2
SOLD 29/04/2021
D.O.M. 90
ENQUIRY 4
OFFERS 1
SALE PRICE $ 437,000
MARKETING $0
6% YIELD FOR INDUSTRIAL WAREHOUSE
9/6-8 GEO HAWKINS CRESCENT, BELLS CREEK QLD 4551 On behalf of our valued developer, we are pleased to announce the sale of the last tenanted unit to a private investor in NSW. This now leaves one unit left in a complex of 9 for sale which allows the developer to move onto the next project. Working our database, the team reached out to all advisors, institutions and private investors to sell the tenanted unit off market. The lease didn’t stack up for an investment sale, so we proposed a rental guarantee at 6% over the course of the first term. This meant the vendor had a small payout at settlement to cover any shortfall in rent.
SAMUEL HOY 0423 795 273
SALES & LEASING EXECUTIVE samuel.hoy@raywhite.com
The numbers made sense for the vendor as he still achieved his rate per/m2. The investor benefits from the low rental rate as when the option period is taken, the return will increase to over 6.5% which is excellent in the current market. Samuel Hoy states “There is limited investment stock available on the market. Vendors looking to sell are achieving great results through investor competition.”
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