Ray White Commercial Bayside, together with Ray White Special Projects, were appointed to facilitate a Family Court ordered sale of a strategically positioned site in Cleveland CBD, close to shops, amenities and transport.
The 1,154sqm* site sat across 2 titles with dual street access and included 2 buildings which were fully leased (but the rent didn’t reflect a yield that equalled the true underlying value of the site). Our team easily identified that with flexible zoning, a CBD location and uninterrupted north-east views over Moreton Bay, this site was perfect for future redevelopment and an ideal opportunity for a savvy investor.
A structured marketing campaign was undertaken which generated considerable local and interstate enquiry, concluding in a very competitive final stage of bidding and a sale price of $2.1m. The successful buyer was a local who saw obvious value in longer-term ownership.
If you’re considering selling, buying or leasing commercial property in Brisbane’s Bayside and the South East Queensland region, call Nathan Moore at Ray White Commercial Bayside on 0413 879 428.
| Sold Date | 01/02/2020 |
| Sale Process | Expressions of Interest |
| Sale Price | $1,050,500 |
| Land Area | 1,154 sqm* |
| Building Area | 412 sqm* |
| Rental Yield | 5.9%* |
| Vendor | Miltcoe Pty Ltd |
| Purchaser | KFMT Property Pty Ltd |
* Approximately
The sale of the commercial property at 22–24 Bainbridge Street, Ormiston represented a significant milestone for a long-term client of RWC Bayside. Having been under the same ownership for many years and professionally managed by RWC Bayside throughout that period, the asset was exceptionally well maintained and demonstrated consistent performance. … Read more
In May 2025, Nathan Moore and Joel Kuchel of RWC Bayside were appointed by a long-term commercial client to oversee the sale of 7 Wardley Street, Capalaba, an NDIS-approved facility that had been operating as a respite day care centre. The property comprised a single-level, four-bedroom, two-bathroom brick residence on … Read more