RWC Bayside recently facilitated the successful sale of 109 Bloomfield Street, Cleveland, marking a key transaction for the area. This freehold shopping centre occupies a 744sqm* ‘Principal Centre’ zoned site, offering a valuable opportunity for future use and redevelopment.
The property was held by a private interstate owner for an extended period, with RWC Bayside serving as the long-term property managers. As the owner transitioned toward retirement, they sought to divest the asset strategically to maximise value.
Our team worked closely with the owner, identifying opportunities to enhance the appeal of the asset before bringing it to market including repositioning the tenancy mix to attract strong buyer interest.
Recognising the property’s unique attributes and potential, RWC Bayside recommended an expressions of interest campaign. This approach, combined with a customised marketing program successfully captured the attention of a wide range of potential buyers.
The campaign generated significant interest, with two standout offers emerging. Following further negotiations, terms were agreed upon with Redland City Council, who identified the property as a strategic acquisition to support future planning and redevelopment initiatives within the Cleveland CBD.
The sale of 109 Bloomfield Street represents another successful transaction for RWC Bayside, demonstrating our expertise in commercial property sales, marketing, and strategic positioning.
If you are considering buying, selling, or leasing commercial property, contact Nathan Moore or Mark Montague at RWC Bayside for expert advice and tailored solutions.
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Nathan Moore : 0413 879 428
Mark Montague : 0421 383 668
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