Case Studies

76 Redland Bay Road, Capalaba

In a strictly off-market transaction, Ray White Commercial Bayside was appointed to sell a 4,856sqm* facility located in Redland’s most prominent large format retail precinct.

The property consisted of an 866sqm* building on a 4,856sqm* site with development approval for an additional 1,500sqm* of showroom space.

With only part of the site developed and the rear portion simply vacant land, Nathan Moore, Director of Ray White Commercial Bayside, understood the development capacity of the site and how a buyer could maximise their return on investment.  He reached out to his vast network of contacts to present the property for sale with 2 sitting tenants and untold untapped potential.

A Brisbane-based development company saw the unrealised opportunities of the site and paid more than $5m to secure the purchase.

The head tenant has now been vacated and development of the site is due to commence shortly for a new nationally branded retail showroom.

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.

Sales Analysis

Sold Date08/10/2020
Sale ProcessPrivate Treaty
Sale Price$6.5m
Land Area4,856 sqm*
Building Area866 sqm*
Rental Yield
VendorAmmarose Pty Ltd
PurchaserCenturion Investment Management Pty Ltd

* Approximately

0
Up to Date

Latest Case Studies

  • 109 Bloomfield Street, Cleveland

    RWC Bayside recently facilitated the successful sale of 109 Bloomfield Street, Cleveland, marking a key transaction for the area. This freehold shopping centre occupies a 744sqm* ‘Principal Centre’ zoned site, offering a valuable opportunity for future use and redevelopment. The property was held by a private interstate owner for an … Read more

    Read Full Study

  • 74 & 76 Andrew Street, Wynnum

    The sale of 74 & 76 Andrew Street, Wynnum, demonstrates how strategic property management and a well-executed sales campaign can maximise value for a commercial property owner. Benn Woods and the team at RWC Bayside played a crucial role in positioning the property for sale by systematically improving lease structures … Read more

    Read Full Study