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
In a strictly off-market transaction, Nathan Moore, Director of Ray White Commercial Bayside, in conjunction with Ben Hatch of Knight Frank, negotiated the sale of an industrial site in Brisbane’s prime Trade Coast precinct. The 3 hectare property located at 72 Aquarium Avenue, Hemmant consisted of a 2 hectare development … Read more
This multi-purpose industrial warehouse/workshop was owned by Cris from Ozrite Blinds, a long-standing client of Jonathon Burrowes, Senior Sales & Leasing Executive at Ray White Commercial Bayside. Jonathon and Cris began their commercial property partnership over 10 years ago when Jonno leased a humble 100m²* shed in Veronica Street to … Read more