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

  • 35 Veronica Street, Capalaba

    Ray White Commercial Bayside was tasked with negotiating an off-market deal to secure 3 strata titled industrial units in the heart of Capalaba’s Industrial Estate. The amalgamation of these 3 lots would provide vehicular access to the large parcel of land at the rear, and unlock the site for future … Read more

    Read Full Study

  • 96 Redland Bay Road, Capalaba

    This property, a deceased estate, had been held for 30 years by 2 families and had recently become vacant. The beneficiaries of the estate engaged Ray White Commercial Bayside to market the property for sale. Located in the heart of one of south east Queensland’s biggest and best large format … Read more

    Read Full Study