Cleveland Office Building Sold for $1.435million

Cleveland Office Building Sold for $1.435million

A prominent office building on a corner site at Cleveland on Brisbane’s bayside has been sold by Ray White Commercial for $1.435million.

The property at 133 Shore Street West, Cleveland, was sold to a local owner-occupier by Ray White Commercial Bayside Directors Nathan Moore and Michael Keddy on behalf of the Anglican Church.

Nathan Moore said the property was offered for sale by tender with four tenders submitted.

“The building was going to be offered for sale at auction but the owners had to change the method of sale to a tender due to church regulations,” he said.

“The parties who had registered to bid at auction were given a week to submit offers and we had significant interest in the property with a local business which intends to owner-occupy the successful tenderer.”

Michael Keddy said the two-level office building is located opposite the busy Cleveland Rail/Bus Interchange on an 809 sqm allotment.

“It’s an ideal property for a company headquarters with a total floor area of 538 sqm and a generous car park offering 20 spaces, including 10 under cover,” he said.

“The first floor offer space opens onto an extensive covered balcony area with impressive views over the Raby Bay Parkland and the Marina.”