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.
|Buyer:||Local Not for Profit Organisation|
|Method of Sale:||Expression of Interest|
|Sale Date:||October 2017|