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774 GYMPIE ROAD LAWNTON

LOCAL AREA EXPERTISE PAVES THE WAY FOR A QUICK SALE

Kuluin and North Buderim are showing strong interest from both tenants and investors. The area has a new tenant and building owner thanks to the recent lease and sale by Emily Pendleton of
Ray White Commercial Northern Corridor Group.

When owner of the property decided it was time to sell, and Emily analysed the numbers for a comparison of selling the property as vacant possession or as a tenanted investment. This vital analysis prior to going to market made it clear that the buyer was going to be an investor. Key to this outcome is the low- interest-rate environment is encouraging more investors into commercial property, due to poor returns on cash investments.

Emily was able to quickly secure a tenant within a short time frame, to a local Pool Shop ‘The Best Little Pool Shop’ who relocated from Maroochydore. The new lease presented a 7% return to an investor. Within 2 weeks, Emily managed to secure a private investor to buy the property with a fast settlement, which the seller desired.

If you would like to know how to achieve the best outcome on your property give Emily a call on 0402 435 446.

FAST FACTS

  • Property type: Retail
  • Sale/Lease date: 13/10/2019
  • Marketing Spend $1,913
  • Inspections: 3
  • Offers: 2
  • Enquires: 9
  • Sale price: $238,000
  • Lease Price: $16,680 P/A
  • Building 60m2
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