17 Fox Street, Wynnum

The sale of 17 Fox Street, Wynnum is a clear example of how patience, firm representation and a genuine understanding of the client can bridge a significant gap between expectation and market value. Home to a well-known Indian restaurant for over 20 years, the property also included an original Queenslander at the rear, converted into three residential units.

Comprising approximately 1,341m²*, the site is positioned near Wynnum Creek with outlooks across the creek, parkland and the bay. Its size and near-waterfront position made it a significant development opportunity in an established bayside location.

The owners met with several agencies before appointing RWC Bayside, with a clear and consistent approach to representation becoming a key point of difference.

Having owned and operated from the site for almost three decades, the owners had a strong personal connection to the property, and the process needed to be handled with care.

The initial campaign attracted solid interest, with multiple written offers received. While these sat below the owners’ expectations, the leading buyer was kept engaged throughout. Over the following months, careful negotiation lifted their offer to a level the owners were comfortable with, on acceptable terms. Due diligence was completed, the contract went unconditional and a five-month settlement was secured.

Equally important was giving the owners the time and space to accept the market reality. At handover, the family gathered to say goodbye to the property and close up one last time. Seeing the render of the proposed development gave them comfort in what the site would become.

This transaction shows that for long-term owner-occupiers, commercial sales can be every bit as emotional as residential ones, and that the best results come from understanding the people as well as the numbers.