CASE STUDY 4 Service Street MAROOCHYDORE Q 4558
INDUSTRIAL FREESTANDER SOLD IN RECORD TIME Emily Pendleton & Charlee Livesey from Ray White Commercial Northern Corridor Group were appointed to sell the property in mid September. The property needed to be sold without terms at a price acceptable to the seller and their liquidators as their business had gone into liquidation. Both agents understood the seller's needs and believed an auction would be the best method of sale due to the time constraints and the property needing to be sold in an as is, where is basis.
$/M2 $2,790/m2
We were able to generate enough competition in a short 3 week marketing campaign, in order to achieve an outstanding result prior to auction and the auction was cancelled when an unconditional contract was signed on the 28th of September. The property achieved over 116 enquiries in the 3 short weeks it was on the market and we conducted more than 12 inspections which resulted in 7 offers. The conditional offers we received were in the mid to high one million dollar range. However, the contract needed to be unconditional and the unconditional contract price accepted was $1,250,000 + GST.
ENQUIRIES 116
This location is under such high demand and we have 6 buyers who missed out on this property, who are desperately looking to purchase in this area and are still prepared to pay the current market premium prices despite recent interest rate rises. We do not know how long this spike in industrial property rates is going to last. If you are on the fence about selling your property in the next 5-10 years, it’s worth having the conversation with us now to discuss the journey to achieve a premium price. Emily Pendleton Associate Director Senior Sales & Leasing Executive 0402 435 446 emily.pendleton@raywhite.com
Charlee Livesey Sales & Leasing Executive 0402 435 446 charlee.livesey@raywhite.com
OFFERS 7
NLA 448m2
Ray White Commercial Northern Corridor Group