The property owner of Lot 1 in the centre had expressed an interest in acquiring the adjoining lot, with a view to amalgamating the whole complex into one larger allotment, capable of future redevelopment.
The relationship between the two owners (the only two owners in the Body Corporate) was strained, and despite repeated attempts to negotiate, the parties could not reach an agreement.
Nathan Moore of Ray White Commercial Bayside was engaged to navigate a manageable solution on behalf of both parties. Despite some initial reluctance, Nathan was able to reach a commercial outcome that benefited both parties, and an unconditional contract was executed, with settlement effected in late-December 2021.
If you need the assistance of an experienced third-party negotiator to help reach your commercial property goals, or advice on buying, selling or leasing commercial property in Brisbane’s Bayside, call the award-winning team at Ray White Commercial Bayside.
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 … Read more
Situated on a high-profile corner, 113 Russell Street, Cleveland had served as a workshop for over 50 years and included a mix of buildings, accommodation, and a large sealed hardstand with a fenced rear yard. The Principal Centre zoning presented a myriad of possibilities, including stand-alone commercial ventures, mixed-use developments, … Read more