A high-profile property has recently been sold by Ryan Langham and Thomas Clark from Ray White Commercial Broadbeach in conjunction with Guy Naselli from NSL Property Group attracting a lot of interest locally and interstate.
At the time of marketing, a number of negotiations were going on behind the scenes with new and existing tenants which saw the NLA drop from 3,255sqm of NLA to approximately 3,160sqm. The A grade asset was presented to buyers as a fully leased asset, returning a total annual net income of $1,008,947 pa. The centre zoning allows for a mix of tenancy type and is situated on a total land area of 2,419sqm with 101 car parking spaces both ground and basement level.
"The sellers are extremely happy with the outcome, after being offered a lot less by other agents prior to the lead up to the campaign, the sellers trusted in our process and our ability to get the best outcome for them," Mr Langham said.
"The purchasers are an investment group from Melbourne with the intention of expanding their property portfolio to the coast as they see the Gold Coast as an exceptional place that has a lot of value. The opportunity and lifestyle opportunity are second to nun for the purchasers after seeing a few other opportunities, they settled on this asset."
Thomas Clark added “The negotiations were swift with many parties showing interest in the lead up to the sale. We saw interest from both owner occupiers and investors looking to capitalise on the positioning of this asset in the South East Queensland market.
"The sale represents great confidence in the Queensland marketplace, even though we are seeing a tightening of quality assets offered, buyers continue to seek property with value-add repositioning opportunities."
