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
JUST SOLD – 1,5,37/5 Kayleigh Drive, Buderim QLD We are seeing a shift in demand across the Sunshine Coast Region. The Home Builder grant is driving “tradie” demand for sub-300m2 industrial sheds, causing a supply/demand discrepancy across most markets whilst local and national investors are buying sight-unseen tenanted properties across … Read more
JUST SOLD – 139 King Street, Buderim QLD Nestled on King Street with Buderim town centre less than 5 minutes away, and with both Mooloolaba and Maroochydore within a 10 minute drive, this property is in a prime location. The University, quality independent and public schools, and the new multi-billion … Read more