Perfectly situated on Russell Street, within easy walking distance to the Cleveland central shopping area, the commercial property at 3/115-119 Russell Street offered a unique opportunity for businesses with warehousing, storage, office, and showroom requirements. However, despite its ideal location and attractive features, the property initially presented a challenge due to its unfinished state, making it difficult for prospective tenants to envision how it could meet their needs.
The bespoke marketing campaign generated numerous inquiries and a high level of interest from potential tenants. Still, the abundance of office space and a semi-constructed mezzanine level meant that the available space was not as functional as it could be. The challenge was to bridge the gap between the property’s potential and the tenants’ requirements.
Mark Montague, commercial sales and leasing agent at RWC Bayside, maintained open and transparent communication with the property owner, sharing both positive and negative feedback received from interested parties. To the owner’s credit, they were willing to make the necessary adjustments to achieve the best results for a future tenant.
At this point, we connected with a small business seeking to expand from their home-based operation. While they had reservations about the property’s semi-built state, Mark facilitated a meeting between the interested tenants and the property owner. This meeting led to a commitment from the owner to finish the necessary construction work to tailor the property to the specific needs of the prospective tenant.
The collaboration between the small business tenant and the property owner resulted in a tremendous experience for the first-time commercial tenants who secured a property that was transformed to meet their exact requirements, and a very happy landlord who secured a long-term lease agreement.
Contact Mark Montague and the award-winning team at RWC Bayside today to find out more about how we help owners find quality tenants, and prospective tenants locate perfect commercial premises.
Mark Montague | Commercial Sales & Leasing Executive | 0421 383 668
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