J U S T S O L D - C A S E S T U DY
TYPE INVESTMENT
BUILD AREA 1002M2
SOLD 23/06/2021
ENQUIRY 52
OFFERS 4
SALE PRICE $1,150,000
YIELD 5.7%
RECORD LOW YIELD ACHIEVED ON REGIONAL VET 9 CALOUNDRA STREET, LANDSBOROUGH QLD 4550
This is the first time that this property had been marketed for sale in over a decade. We were inundated with enquiry in the first week of the campaign with over 50 enquiries, primarily through our database of investors and over 20 enquiries through online marketing. Emily and Christine had appraised this property over 12 months ago for under $1,000,000 with what at the time was a strong yield of 6.6%. Since this initial appraisal the market has evolved significantly. Yields have compressed and dropped back by more than 1%.
E M I LY P E N D L E T O N 0402 435 446
ASSOCIATE DIRECTOR emily.pendleton@raywhite.com
We discussed this with the owner of the property and agreed that if we could achieve sub 6% they would sell the property. Through competition creation and multiple offers from our strong database of investors, we were able to achieve a 5.7% return at a sale price of $1,150,000, which the sellers were pleased with. Christine Freney stated “We have 51 buyers who missed out on this property and are looking for similar assets in regional locations. Yields are shifting, and there has never been a market like this where we can achieve sub 6.5% returns on retail, office or specialised assets in regional areas. If you are interested to know what your property may be worth, please contact our team today.”
CHRISTINE FRENEY 0432 170 380
SALES & LEASING EXECUTIVE christine.freney@raywhite.com
raywhitecommercialnortherncorridorgroup.com.au