459-461 GOLDEN FOUR DRIVE, TUGUN QLD
Tugun Beach IGA This transaction set a new benchmark (sub 4 per cent fully-leased yield) for IGA’s in Queensland. Moreover,…
This property was a single tenanted education investment with a 3 year lease to a national registered training organisation. The asset is located in Eastern precinct of the 56,000sqm Browns Plains Village Square retail precinct.
The marketing campaign received 122 enquiries and 8 formal offers from local and interstate investors. The successful party acquired the asset with a cash unconditional contract and 21 day
settlement. After the vendor’s 2015 purchase of the asset for $500,000, we were able to leverage the strength of the investment market and maximise competitive pressure to ultimately achieve a sale price of $950,000.
This result underpins the increasing levels of investor demand for well-located assets with national covenants.
Sales Analysis | |
Vendor: | Private Investor |
Buyer: | Local Not for Profit Organisation |
Method of Sale: | Expression of Interest |
Total Enquiries: | 122 |
Offers: | 8 |
Sale Date: | October 2017 |
Sale Price: | $950,000 |
Yield: | 7.26% |
Building Rate: | $5,220/m2 |
Building Area: | 182m2* |
Tugun Beach IGA This transaction set a new benchmark (sub 4 per cent fully-leased yield) for IGA’s in Queensland. Moreover,…
Built upon the site is a two level commercial building with 8 car parks, originally purpose built by Commonwealth Bank…