The award-winning sales and leasing team at Ray White Commercial Bayside sold this 9,838m² site to new owners in mid-2021. With multiple buildings and a total NLA of 1,480m², the property was subject to a number of short term leases to tenants who had been in place for an extended period, and no longer presented to a standard commensurate with the new property owner’s requirements.
Working closely with our highly skilled Property Management team, we were able to progressively vacate those legacy tenants, clean the site, and conduct some broad ranging repairs and maintenance to restore the facilities to a more appropriate standard.
Following completion of the improvements, we undertook a customised leasing campaign and successfully re-let all 6 yards on significantly more favourable terms, providing the lessor with a much stronger investment.
If you’re looking for assistance with buying, selling, leasing or managing commercial property in Brisbane’s eastern suburbs, call the team at Ray White Commercial Bayside today to find out how we can help you reach your commercial property goals.
The sale of 79 Edith Street, Wynnum highlights the value of long-term relationships, strategic marketing, and local market expertise in achieving outstanding outcomes for property owners. The property was leased to a blue-chip tenant and offered a secure income stream. The ‘Major Centre’ zoning of the 465m² site also presented … Read more
The Old Courthouse at 149 Shore Street North, Cleveland is a landmark, heritage-listed waterfront property with a long history. For more than 20 years it had been leased to a single operator and traded as a well-known restaurant and wedding venue. Following unsuccessful lease renewal negotiations, the tenant exited the … Read more