A 1,373sqm rectangular allotment with Principal Centre zoning, 162 Bloomfield Street is located in the heart of Central Cleveland, just 25km east of the Brisbane CBD. While the site had most recently been operating as an antique shop, it had formerly been a service station and still had underground fuel tanks, with some still holding Super leaded petrol.
Nathan Moore’s approach for the sale of this property began with the strategic execution of a customised marketing program which supported an expression of interest campaign. The activity attracted a considerable number of quality offers, and after some enterprising negotiations a contract was signed, marking the first step towards the redevelopment of the site.
However, the due diligence process uncovered some serious challenges with the potential to destabilise the sale. With experience navigating complex commercial property transactions, Nathan Moore was able to work with the buyer to address the asbestos, contamination and vegetation issues, brokering solutions that remedied the points of contention and saw a slight adjustment to the sale price, ensuring a fair and mutually beneficial outcome for all parties involved.
The settlement was successfully finalised in September 2023, marking the culmination of a transformative journey from an antiquated service station to a commercial property with endless potential.
For those seeking a skilled and experienced professional to guide them through the complex commercial property landscape, Nathan Moore at RWC Bayside is the expert to contact. Don’t miss the opportunity to transform your commercial property goals into prosperous realities. Contact Nathan Moore at RWC Bayside today and embark on your journey towards commercial property success.
Nathan Moore – 0413 879 428
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 … Read more
The sale of 74 & 76 Andrew Street, Wynnum, demonstrates how strategic property management and a well-executed sales campaign can maximise value for a commercial property owner. Benn Woods and the team at RWC Bayside played a crucial role in positioning the property for sale by systematically improving lease structures … Read more